Item 1.01 Entry into Definitive Material Agreement.
On
RUSH Soccer is a national competitive youth soccer club that administers boys' and girls' teams internationally (the "RUSH Programs") with proprietary training methodology, documentation and materials (the "RUSH Materials"), proprietary technologies and platforms (the "RUSH Technologies"), and a database of individuals (the "RUSH Database").
Pursuant to the terms of the Agreement, CMAS agreed to administer, deliver and develop the RUSH Programs for an initial term of ten years, with further automatic renewals for two five-year terms. RUSH Soccer has granted CMAS an exclusive license to use the RUSH Soccer name, their logo, the RUSH Materials and the RUSH Technologies in connection with the operation, marketing and exploitation of full time, school semester, school year and short time weekly, junior, adult, professional and family, boarding and non-boarding soccer programs.
CMAS agreed to pay RUSH Soccer a fee of
CMAS and the Company agreed to engage
Additionally, the Company, CMAS and RUSH Soccer agreed to establish a
RUSH-branded men's professional soccer team (the "Pro Team") that shall be a
wholly owned subsidiary of CMAS and shall be managed by Schulz. The Company,
CMAS and RUSH Soccer agree to work together to raise
Item 9.01 Financial Statements and Exhibits.
10.1 Consulting, Management and License Agreement by and amongAltitude International Holdings, Inc ,CMA Soccer, LLC and Soccer Partners America, datedMarch 7, 2022 * 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
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