other material
confidence high
sentiment neutral
materiality 0.40
Webstar amends license agreement with Soft Tech; gains exclusive license and right of first refusal
Webstar Technology Group Inc.
- Amendment makes the technology marketing license exclusive to Webstar and grants right of first refusal on future technologies.
- Company's option to broker and split proceeds on sale of Soft Tech's technology is removed.
- Soft Tech gains termination rights upon change in executive management, sale of majority interest, or change of control of Webstar.
- Agreement dated July 15, 2022; filed as Exhibit 10.4.