Item 1.01. Entry into a Material Definitive Agreement

2nd Amended and Restated Technology Marketing and License Agreement

On July 15, 2022, the Company amended its technology marketing and license agreement with Soft Tech Development Corp. The material changes to the existing agreement are as follows:





Change Item 1., License

- to make the license exclusive

- to grant the Company a Right-of-First Refusal to acquire future exclusive marketing license for new technologies

- to remove Company's option to broker and split proceeds on sale of Soft Tech's technology

Change Item 12, Termination

-to give Licensor (Soft Tech) right to terminate the agreement upon:



  - change in executive management of Company
  - sale of majority interest in Company to 3rd party
  - there is a Change of Control in the Company

Item 9.01. Financial Statements and Exhibits





(d) Exhibits

10.4* 2nd Amended and Restated Technology Marketing and License Agreement 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

*Filed herewith

© Edgar Online, source Glimpses