Vemanti signs SaaS agreement with Finastra, contingent on Nasdaq listing by May 22, 2023

Vemanti Group, Inc.

7-year framework SaaS agreement for software, development, and services from Finastra.
Annual fees escalate from $325k (year 1) to $550k (years 6-7), payable in advance.
Agreement effective only if Vemanti lists on Nasdaq Capital Market by May 22, 2023; otherwise void.
Termination rights for material breach, insolvency, or cessation of business.
Governed by Singapore law; includes customary representations, indemnities, and confidentiality.

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

Vemanti Group, Inc. entered into Framework SaaS Agreement with Finastra International Limited (effective 2023-03-03).

Action: entry
Agreement: license
Counterparty: Finastra International Limited
Effective: 2023-03-03

Exact text from the filing

On March 3, 2023, Vemanti Group, Inc., a Nevada corporation (the “Company”), entered into a Framework SaaS Agreement (the “SaaS Agreement”) with Finastra International Limited, a limited corporation organized under the laws of Wales and the United Kingdom (“Finastra”).

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Vemanti Group, Inc. filing history →

Source: SEC EDGAR

accession 0001477932-23-001381

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