Golden Matrix enters software license with related-party Elray for blockchain casino games

Meridian Holdings Inc./NV

Non-exclusive license to distribute online games for blockchain casino; initial term 24 months from go-live, then indefinite.
Monthly license fee = 125% of Supplier's costs; 10,000 Euro deposit; 5,000 Euro advance for progressive jackpots.
Right of first refusal for Supplier to provide branded gaming content during term.
Related-party transaction: CEO Goodman and COO Feng also serve as officers/directors of Elray; board approved with abstentions.
License covers approved territories; Supplier must maintain permits; Licensee must comply with due diligence.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Meridian Holdings Inc./NV entered into License Agreement with Elray Resources Inc. (effective 2022-12-01).

Action: entry
Agreement: license
Counterparty: Elray Resources Inc.
Effective: 2022-12-01

Exact text from the filing

Effective on December 7, 2022, Golden Matrix Group, Inc. (the “ Company ”), entered into a Software License Agreement (the “ License Agreement ”) with Elray Resources Inc. (“ Elray ”).

View on SEC.gov

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

Meridian Holdings Inc./NV filing history →

Source: SEC EDGAR

accession 0001477932-22-009217

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.