---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-015125"
form_type: "8-K"
ticker: "MSGM"
cik: "0001821175"
company_name: "Motorsport Games Inc."
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T19:24:00.598620+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Motorsport Games settles BTCC dispute for $225K; enters new non-exclusive license with 50% royalty

## Summary
- Settlement resolves $850K royalty dispute with TOCA; Company pays $225K one-time, all claims released.
- New non-exclusive license for BTCC downloadable content in rFactor 2 via Steam; royalty 50% of Adjusted Gross Annual Sales.
- License term expires Dec 31, 2026; parties to negotiate options for a full BTCC video game and esports competitions.
- Prior license terminated Nov 3, 2023; new agreement covers only rFactor 2 DLC, not full game rights.

## SEC filing metadata
- accession: 0001493152-24-015125
- form_type: 8-K
- ticker: MSGM
- cik: 0001821175
- company_name: Motorsport Games Inc.
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821175/000149315224015125/0001493152-24-015125-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821175/000149315224015125/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-015125
- JSON: https://secwatch.observer/filing/0001493152-24-015125.json
- Plain text: https://secwatch.observer/filing/0001493152-24-015125.txt

## Key facts
- Material Agreements
  Motorsport Games Inc. entered into Settlement Agreement with BARC (TOCA) LIMITED valued at One-time payment of $225,000, forgiveness of all royalties and sums (effective 2024-04-12).
  - Action: entry
  - Agreement: settlement
  - Counterparty: BARC (TOCA) LIMITED
  - Value: One-time payment of $225,000, forgiveness of all royalties and sums
  - Effective: 2024-04-12
  source text: On April 12, 2024, Motorsport Games Inc., a Delaware corporation (the "Company"), entered into a Settlement Agreement (the "Agreement") with BARC (TOCA) LIMITED ("TOCA").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821175/000149315224015125/0001493152-24-015125-index.htm
- Material Agreements
  Motorsport Games Inc. entered into New BTCC License Agreement with BARC (TOCA) LIMITED valued at Annual royalty of 50% of Adjusted Gross Annual Sales of downloadable Products; term through December (effective 2024-04-12).
  - Action: entry
  - Agreement: license
  - Counterparty: BARC (TOCA) LIMITED
  - Value: Annual royalty of 50% of Adjusted Gross Annual Sales of downloadable Products; term through December
  - Effective: 2024-04-12
  source text: Agreement”) with BARC (TOCA) LIMITED (“TOCA”). The Agreement resolved any and all disputes between the Company and TOCA with respect to the termination of the License agreement, dated May 29, 2020, between
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821175/000149315224015125/0001493152-24-015125-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.