IXUP Limited announced it has entered into an assignment agreement with Data Republic Inc. (Assignment Agreement) in relation to the rights and obligations under a SaaS software and service level agreement previously between Data Republic Inc. and a US based health Insurer, for the provision of certain secure data collaboration software and support services. On 11th June 2021, IXUP announced the completion of a transaction which saw it acquire the entire intellectual property and associated technology product portfolio of Data Republic Pty Ltd. (in Administration). Since acquiring these assets, IXUP has been in discussions with a number of Data Republic's past customers who have expressed interest in a continuation of services that were previously operated by Data Republic Pty Ltd. and/or its related international entities. Whilst the terms of the assignment are not material in nature for IXUP, the Assignment Agreement effectively replaces Data Republic Inc. with IXUP Inc. and facilitates IXUP to commence its business operations in the US and initiate the planned expansion of IXUP's global sports data initiatives. Under the Assignment Agreement, IXUP Inc. will supply its "Sandbox" product as a software-as-a- service (SaaS). The Sandbox product allows customers to conduct various data collaboration projects, including hackathons and datathons, with a range of third party participants, which customers may invite to participate. Customers are required to acquire platform licences for each data collaboration project conducted based on the number of users and duration of the project. The fees for platform licences will vary based on rates set out in a Statement of Work.