DSG Global enters exclusive licensing deal with Arriva for SR-1 golf carts and GPS systems; $2M fee plus royalties

DSG Global Inc.

Exclusive worldwide license for SR-1 golf carts, GPS vehicle management systems, and BET ONLINE relationship granted to Arriva.
License fee of $2,000,000 over 5 years (starting 2026); 3.5% royalty on gross sales with $50k annual minimum.
Term from July 2, 2024 through July 2, 2049, auto-renewing for five-year terms.
Arriva gets first right of refusal on any new product lines from DSG.

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