Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Nixxy, Inc. amended Amendment to Technology License and Commercialization Agreement with GoLogiq, Inc. valued at added Section 3.3 for technical assistance; amended Section 5.1 to lower royalty from 8% to 5%, gran (effective 2024-03-28).
- Action
- amendment
- Agreement
- license
- Counterparty
- GoLogiq, Inc.
- Value
- added Section 3.3 for technical assistance; amended Section 5.1 to lower royalty from 8% to 5%, gran
- Effective
- 2024-03-28
Exact text from the filing
On March 28, 2024 (the "Effective Date"), the Company and GOLQ entered into an Amendment to Technology License and Commercialization Agreement (the "Amendment").
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Nixxy, Inc. entered into Technology License and Commercialization Agreement with GoLogiq, Inc. valued at worldwide, exclusive license; duration 10 years with automatic two-year renewals (effective 2024-02-23).
- Action
- entry
- Agreement
- license
- Counterparty
- GoLogiq, Inc.
- Value
- worldwide, exclusive license; duration 10 years with automatic two-year renewals
- Effective
- 2024-02-23
Exact text from the filing
On February 23, 2024, the Company entered into a certain Technology License and Commercialization Agreement (the "GOLQ Licensing Agreement") with GoLogiq, Inc. ("GOLQ") whereby GOLQ grants the Company a worldwide, exclusive license (the "GOLQ License") to the Company to develop its fintech technology (the "GOLQ Technology") and sell products derived thereof, including its Createapp, Paylogiq, Gologiq, and Radix AI technology and products (the "Licensed Products"), for a term of 10 years, with automatic two (2) year renewals as further described therein (the "Term").
View on SEC.gov