April 26, 2018 5:44 AM ET

Internet Software and Services

Company Overview of FogChain, Inc.

Company Overview

FogChain, Inc. provides software development suite that allows any company to accelerate their software deployment leveraging the Blockchain. The company is based in San Carlos, California.

655 Skyway Road

San Carlos, CA 94070

United States

Phone:

415-745-8650

Key Executives for FogChain, Inc.

FogChain, Inc. does not have any Key Executives recorded.

FogChain, Inc. Key Developments

BLOK Technologies Inc. Announces Strategic Relationship with FogChain, Inc

BLOK Technologies Inc. announced that it has signed a Memorandum of Understanding with FogChain, Inc., outlining the details of the strategic relationship between the two companies for mutual growth and collaboration. The strategic relationship includes the following: Co-Development: BLOK Tech will become a founding member of the FogChain customer advisory board and will have access to the FogChain development platform for testing. BLOK Tech’s previously announced $100,000 investment in FogChain will be used exclusively for technology co-development as mutually agreed to by the two companies. In addition, both parties will collaborate and provide advice to the other with respect to product development, giving both companies access to top-notch strategic, technology and go-to-market expertise. Go-To-Market: FogChain will work with BLOK Tech to support the US distribution of BLOK Tech's blockchain platforms and software. This includes direct sales, introductions to and support with channel partners, such as Amazon Web Services, IBM BlueMix and Microsoft Azure. In addition, BLOK Tech will assist FogChain with the distribution of the FogChain platforms within the BLOK Tech group of companies; and as a reseller and/or channel partner. Under the terms of the MOU, BLOK Tech and FogChain will collaboratively support each other's marketing initiatives. Mutual Investment: To solidify this strategic relationship, each company will take equity investments in the other. This mutual investment will be finalized through a Definitive Agreement. Under the terms of the MOU, BLOK Tech will receive $500,000 worth of stock in FogChain at a price of $0.54 per share, following the currently proposed FogChain business combination. This is in addition to the $100,000 investment BLOK Tech has made into FogChain through the previously announced FogChain private placement, bringing BLOK Tech’s total investment to $600,000. FogChain will be entitled to, but not required to, receive $500,000 of BLOK Tech’s common shares valued on the Closing Date of the Definitive Agreement. Investment Deal Flow: FogChain, through its connections in the technology start-up community, will identify investment opportunities for BLOK Tech, with an emphasis on Silicon Valley. This provides BLOK Tech with a deal flow pipeline from one of the world’s most active start-up markets. BLOK Tech will also identify investment opportunities, tools and/or acquisitions for FogChain to consider that may be of strategic or accretive benefit to FogChain.

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