Recruiter.com converts $245,884 note into stock; amends GoLogiq license, adds warrant

Nixxy, Inc.

Converted $245,884.53 of Parrut promissory note into 168,414 shares at $1.46/share, satisfying all amounts.
Amendment to GoLogiq tech license lowers royalty from 8% to 5% of net sales.
Issued warrant to GOLQ for 292,000 shares at $0.01/share, exercisable in 6 months, with 9.99% blocker.
GOLQ to provide up to 10 man-days free technical assistance, plus paid support thereafter.
Unregistered shares issued under Section 4(a)(2) and Rule 506; no public offering.

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

Nixxy, Inc. amended Amendment to Technology License and Commercialization Agreement with GoLogiq, Inc. (effective 2024-03-28).

Action: amendment
Agreement: license
Counterparty: GoLogiq, Inc.
Effective: 2024-03-28

Exact text from the filing

This Amendment to Independent Contractor Agreement (this “ Amendment ”) is entered into as of March 28, 2024 (the “ Effective Date ”), by and between GoLogiq, Inc., a Nevada corporation (“ GoLogiq ”, “ GOLQ ”, or “ Licensor ”) and Recruiter.com Group, Inc., a Nevada corporation (“ Recruiter ”,“ RCRT ”, the “ Company ”, or “ Licensee ”) with respect to the Technology License And Commercialization Agreement dated February 23, 2024 (the “Original Agreement”).

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Nixxy, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-24-004185

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