Item 1.01. Entry Into A Material Definitive Agreement.
On March 28, 2022, the Registrant entered into a License Agreement with ACL
Group, Inc. ("ACL") which granted to the Registrant a limited, nonexclusive,
nontransferable right to use certain Service and Documentation Assets of ACL,
which Intellectual Property is more particularly described in the License
Agreement which is attached as an Exhibit hereto. The License includes up to an
estimated 240,000,000 data records, up to 300 data field points, consisting of
an estimated 700,000,000 categorized records.
The Annual Charge for the License is computed for access to all of the
categorized records automatically recurring as a perpetual license fee of
$500,000.00 paid per terms of invoice as well as 5,000,000 shares of Common
Stock of the Registrant which are non-dilutive nonrefundable common shares.
Additional fees due to ACL for implementation of the License and Information
Services provided by ACL's support team amount to $137,250.
Item 9.01. Financial Statements and Exhibits.
Exhibits:
1.1 License Agreement dated March 28, 2022
104 Cover Page Interactive Data File (embedded within the inline XBRL
document)
2
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