Arbitrator confirms NovelStem JV's rights to 'Tom Clancy's Net Force' across all media

NovelStem International Corp.

Arbitrator ruled in favor of Netco Partners (50/50 JV) on contract interpretation; confirms rights to license 'Tom Clancy's Net Force' in TV, film, streaming, gaming, and ancillary rights.
Franchise has generated over $24M in payments to Netco Partners JV since inception, almost exclusively from book publishing.
Arbitrator found C.P. Group failed to use 'reasonable, good faith efforts' to exploit the franchise, breaching JV agreement.
NovelStem plans to actively pursue licensing opportunities to fund commercialization of NewStem stem-cell technology platform.
NovelStem had 46.9M shares outstanding as of May 12, 2023; trades OTC Pink under NSTM.

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