Item 1.01 Entry into a Material Definitive Agreement.
On
In one lawsuit, a former employee filed suit against the Company on or about
In the second lawsuit, a former employee filed suit against the Company in the
Those two lawsuits were settled. As required by the terms of the Settlement
Agreement, we entered into a Stock Purchase Agreement (the "Sale Agreement"), by
and among our Company, our wholly owned subsidiary,
The Settlement Agreement contains representations and warranties, and mutual general releases. The Sale Agreement contains customary representations, warranties and covenants of our company and Sky Sovereign, on the one hand, and the Buyers, on the other hand. The Buyers also are required to file a dismissal with prejudice in the two lawsuits within five (5) business days.
The foregoing description of the Settlement Agreement and the Sale Agreement does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the Settlement Agreement and the Sale Agreement.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 99.1 Press release datedJanuary 5, 2023 announcing sale ofRVision . 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document) 1
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