secwatch.observer — SEC 8-K summary
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Issuer:     Webstar Technology Group Inc. (WBSR)
CIK:        0001645155
Form:       8-K
Filed at:   2022-07-18T23:59:59+00:00
Accession:  0001493152-22-019547
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Webstar amends license agreement with Soft Tech; gains exclusive license and right of first refusal
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1645155/000149315222019547/0001493152-22-019547-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1645155/000149315222019547/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-019547

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