authID amends sales services pact with TPG; monthly fee rises to $98K through June 2024

authID Inc.

Amendment effective Dec 19, 2023; monthly payment set at $98,000 for remainder of initial one-year term.
Total consideration $574,000 for period Jan 1, 2024 to June 18, 2024 (co-termed with original agreement).
TPG provides outsourced sales services; Ken Jisser, authID director, is TPG's founder and CEO.
Amendment adds two full-time equivalent Business Development Representatives and a technology package.
Agreement is a related-party transaction; prior amendments were dated June 6, 2023 and October 25, 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

authID Inc. amended amendment to services agreement with The Pipeline Group, Inc. valued at $98,000 per month (effective 2023-10-25).

Action: amendment
Counterparty: The Pipeline Group, Inc.
Value: $98,000 per month
Effective: 2023-10-25

Exact text from the filing

On October 25, 2023, the Company entered into an amendment to the above services agreement, pursuant to which TPG will provide certain additional services to the Company.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

authID Inc. amended further amendment to services agreement with The Pipeline Group, Inc. valued at $98,000 per month (effective 2023-12-19).

Action: amendment
Counterparty: The Pipeline Group, Inc.
Value: $98,000 per month
Effective: 2023-12-19

Exact text from the filing

On December 19, 2023, the Company entered into a further amendment to the above services agreement, pursuant to which TPG will provide certain additional services to the Company.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

authID Inc. entered into services agreement with The Pipeline Group, Inc. valued at $98,000 per month (effective 2023-06-06).

Action: entry
Agreement: equity purchase
Counterparty: The Pipeline Group, Inc.
Value: $98,000 per month
Effective: 2023-06-06

Exact text from the filing

(the “Company”) entered into a services agreement with The Pipeline Group, Inc. (“TPG”). Ken Jisser, a director of the Company, is the founder and CEO of TPG, a technology-enabled services

View on SEC.gov

281 material agreements filed in the last 30 days. Browse all material agreements →

authID Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-097744

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