Summary
This proposal seeks approval from the members of VRBS DAO LLC to enter into an Asset Purchase Agreement (“APA”) with MomentRanks, Inc., a Delaware corporation. The agreement is for the purchase of certain assets, including software, intellectual property, and operational assets related to the MomentRanks platform.
Key Terms of the APA:
Seller: MomentRanks, Inc.
Buyer: VRBS DAO LLC
Transferred Assets: Includes, but is not limited to:
- Software and code of the platform, including front-end and back-end code, smart contracts, and blockchain-related code.
- Platform data, such as user data and transaction metrics.
- Operational assets, cloud infrastructure, and third-party service accounts.
- Legal and compliance documentation, marketing, customer support assets, and social media accounts.
Excluded Assets: The Seller retains all other assets not explicitly listed as Transferred Assets.
Assumed Liabilities: VRBS DAO LLC will assume liabilities related to the transfer and registration of the purchased assets.
Consideration/Cost to VRBS DAO LLC: The total consideration for the Transferred Assets is 20,000 Vrb Votes tokens, an ERC20 token on the Base Ethereum L2 Network, plus 2 ETH for the purchase of the Vrb Votes tokens to complete the transaction. Any ETH remaining after the Votes purchase will be returned to the treasury.
Access the token contract here: https://basescan.org/address/0xDFb1cd29c4aB6985F1614e0d65782cd136115b6A
Signatory: It is proposed that Jack Terry will serve as the authorized signatory to execute the APA on behalf of the DAO.
Rationale: This acquisition provides strategic value to VRBS DAO LLC by integrating a robust platform and technology stack that enhances the DAO’s operational capacity and market presence. It also strengthens the DAO’s technical assets, user base, and compliance infrastructure.
Transactions
- 0x57639443e683f89b1ea1c1c0180ef2a3ab421338.transfer(2 ETH)
