FOXO Technologies Entered Into An Agreement With Kr8 Ai Granting Them A Limited License To Use Certain Products And Develop An Ai Machine Learning App; Initial License And Development Fee Of $2.5M, A Monthly Maintenance Fee Of $50K, Royalty Equal To 15%

Benzinga · Jan 20 04:50

Effective January 12, 2024, Foxo Technologies Inc., a Delaware corporation (the "Company" or the "Licensee"), entered into the Master Software and Services Agreement (this "Agreement") with KR8 AI Inc., a Nevada corporation (the "Licensor"). Our Interim CEO and Interim CFO each are equity owners of the Licensor. Under the Agreement, the Licensor granted to the Licensee a limited, non-sublicensable, non-transferable perpetual license to use the "Licensor Products" listed in Exhibit A to the Agreement, to develop, launch and maintain license applications based upon Licensee's epigenetic biomarker technology and software to develop an AI machine learning epigenetic APP to enhance health...

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FOXO Technologies Entered Into An Agreement With Kr8 Ai Granting Them A Limited License To Use Certain Products And Develop An Ai Machine Learning App; Initial License And Development Fee Of $2.5M, A Monthly Maintenance Fee Of $50K, Royalty Equal To 15%

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