Q-FREE –SKYTOLL SETTLEMENT AGREEMENT SIGNED
As previously announced (28th of May 2010 and 19th of October 2010), SkyToll a.s and Q-Free ASA have been in a dialogue regarding changes of the contract signed 23rd of January 2009.The parties have today signed the Settlement agreement implying that Q-Free will receive payment of approximately 100 MNOK, and SkyToll will in return receive the rights to operate the source code for the back office system delivered by Q-Free in Slovakia. The outstanding amount will be received in three instalments; - 10 MNOK at signing, 70 MNOK late April and final payment of 20 MNOK late June. The net cash