other material
confidence high
sentiment positive
materiality 0.50
TruGolf signs exclusive distribution MOU with Tru Golf Canada covering Canadian and Hard Rock territories
TruGolf Holdings, Inc.
- Appointed Tru Golf Canada as exclusive master distributor for 5-year term across Indigenous communities in Canada, Thompson Okanagan BC, and Hard Rock opportunities in Oklahoma and Florida.
- No minimum purchase or sales targets for first 12 months; performance targets set from year 2, with missed targets converting exclusivity to non-exclusive.
- Definitive long-form agreement to be negotiated within 45 days; MOU auto-terminates after 180 days if not executed.
- MOU is legally binding upon execution and governs relationship until definitive agreement is signed.