other material
confidence high
sentiment neutral
materiality 0.35
TEN Holdings enters digital reseller agreement with Xcyte Digital for conferencing products
TEN Holdings, Inc.
- Three-year initial term; auto-renewal for successive one-year periods unless 30-day non-renewal notice.
- For current customers, fixed annualized fees payable monthly; for future customers, lesser of 50% revenue or list price minus discounts.
- Agreement conditioned on execution of escrow agreement within 20 days of effective date.
- Includes mutual indemnification, confidentiality, and customary reseller representations and covenants.