Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
Key Transaction Details
Exato.AI Inc., a wholly owned subsidiary of Exato Technologies Limited, has entered into a Non-Exclusive Partnership Agreement with AmplifAI Solutions, Inc., USA. The agreement is for sales, promotion and marketing of AmplifAI's AI-powered solutions and identification of prospective customers.
Agreement Terms and Conditions
- Parties: Exato.AI Inc. (wholly owned subsidiary) and AmplifAI Solutions, Inc., USA
- Purpose: Appointment as non-exclusive partner for sales, promotion and marketing of AI-powered solutions and services
- Compensation: Exato.AI Inc. shall earn commission on successful business generated in accordance with the terms of the Agreement
- Term: Initial term of two (2) years from the date of execution
- Exclusivity: Non-exclusive partnership arrangement
Financial Considerations
- The Agreement does not specify any minimum business commitment or guaranteed revenue
- Commission payable to Exato.AI Inc. shall be based on the business generated
- No shareholding exists between Exato Technologies Limited/Exato.AI Inc. and AmplifAI Solutions, Inc.
Relationship Status
AmplifAI Solutions, Inc., USA is not related to the promoter(s), promoter group, or group companies of Exato Technologies Limited in any manner. The transaction does not fall within related party transactions.
Governance and Control Aspects
- No nominee director has been appointed pursuant to the Agreement
- The Agreement does not create any potential conflict of interest
- No management or control rights are conferred on either party
Strategic Rationale
The partnership aligns with Exato Technologies Limited's strategy of expanding its technology partner ecosystem and enhancing its ability to offer AI-powered solutions across various industry segments.