GoLogiq grants RCRT exclusive fintech license; gets 19.99% stake, 8% royalty

GoLogiq, Inc.

GOLQ grants RCRT worldwide exclusive 10-year license to Createapp, Paylogiq, Gologiq, Radix AI products.
RCRT issues shares equal to 19.99% of outstanding RCRT stock; GOLQ will own 16.66% after issuance.
RCRT pays 8% royalty on net sales of licensed products during the term.
RCRT has option to purchase the GOLQ technology and licensed products for $400,000.
Agreement replaces prior June 2023 stock purchase agreement and its amendments.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GoLogiq, Inc. entered into GOLQ Licensing Agreement with Recruiter.com Group, Inc. valued at 19.99% of the number of issued and outstanding shares of Recruiter common stock (effective 2024-02-23).

Action: entry
Agreement: license
Counterparty: Recruiter.com Group, Inc.
Value: 19.99% of the number of issued and outstanding shares of Recruiter common stock
Effective: 2024-02-23

Exact text from the filing

On February 23, 2024, the Company entered into a certain Technology License and Commercialization Agreement with Recruiter (the “GOLQ Licensing Agreement”)

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Source: SEC EDGAR

accession 0001575872-24-000191

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