Bonanza Goldfields subsidiary enters $42M AI tech license deal with DataCube; payment in cash or crypto

Marvion Inc.

Marvion Group, a Bonanza Goldfields subsidiary, signed a $42M Technical Knowhow License and Servicing Agreement with DataCube Research Centre.
Consideration is payable in cash or cryptocurrencies; the agreement has a 3-year term from November 8, 2022.
The licensed technical knowhow includes Visual Intelligence, Speech Recognition, Text Analytics, Emotion Recognition, Motion Recognition, and AI Agent Creation engines.
DataCube is a subsidiary of China Information Technology Development (CITD; HK:8178.HK), with which Bonanza has a separate share swap for 5.15% of CITD shares.

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

Marvion Inc. entered into Technical Knowhow License and Servicing Agreement with DataCube Research Centre Limited valued at Forty-Two Million Dollars ($42,000,000) (effective 2022-11-08).

Action: entry
Agreement: license
Counterparty: DataCube Research Centre Limited
Value: Forty-Two Million Dollars ($42,000,000)
Effective: 2022-11-08

Exact text from the filing

entered into an Technical Knowhow License and Servicing Agreement with DataCube Research Centre Limited, a Hong Kong limited company (“DataCube”), pursuant to which DataCube agreed to provide certain technical knowhow including visual intelligence engine, speech recognition engine, text analytics engine, emotion recognition engine, motion recognition engine, and AI agent creation engine, during a three-year term in consideration of an aggregate of Forty-Two Million Dollars ($42,000,000) in accordance with the terms and conditions of that certain Technical Knowhow License and Servicing Agreement, dated as of November 8, 2022, by and between Marvion Group Limited, a British Islands private limited company, and DataCube (the “DataCube Agreement”).

View on SEC.gov

Browse all material agreements →

Marvion Inc. filing history →

Source: SEC EDGAR

accession 0001683168-22-007422

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.