GoLogiq amends licensing deal with Recruiter.com, lowers royalty to 5%, receives warrant for 292K shares

GoLogiq, Inc.

Royalty reduced from 8% to 5% on net sales of licensed products under GOLQ agreement.
GoLogiq receives warrant to purchase 292,000 RCRT shares at $0.01/share.
GoLogiq to provide free technical assistance and patches up to 10 man-days.
RCRT granted option to buy GOLQ Technology for $400,000 during the term.

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. amended Amendment to Technology License and Commercialization Agreement with Recruiter.com Group, Inc. (effective 2024-03-28).

Action: amendment
Agreement: license
Counterparty: Recruiter.com Group, Inc.
Effective: 2024-03-28

Exact text from the filing

On March 28, 2024 (the “Effective Date”), the Company and RCRT entered into an Amendment to Technology License and Commercialization Agreement (the “Amendment”).

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Source: SEC EDGAR

accession 0001575872-24-000313

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