UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
Current Report
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Item 1.02 Termination of a Material Definitive Agreement.
On November 1, 2023, Limitless X Holdings, Inc. (the “Company”) entered into four Termination Agreements (collectively, the “Termination Agreements”) for the four Manufacturing and Distributorship License Agreements (collectively, the “License Agreements”) with each of Limitless Performance, Inc., Amarose, Inc., Divatrim, Inc., and SMILZ, Inc. (collectively, the “Licensors”).
Pursuant to the Termination Agreements, each of the Licensors agreed that: (i) all rights, licenses, and privileges granted to the Company under the License Agreements ceased and terminated as of October 1, 2023 (the “Termination Date”); (ii) the Company shall discontinue the use of the trademarks or marks granted to the Company pursuant to the License Agreements, provided, however, that the Company is allowed to sell its remaining finished product inventory of the Licensor’s products through November 30, 2023; (iii) all amounts due and owing pursuant to the License Agreement through the Termination Date shall remain; and (iv) the terms in the License Agreement that survive a termination, including the confidentiality and non-compete provisions, continue to remain enforceable following the Termination Date. The Company did retain its license for the brand, NZT-48.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Limitless X Holdings Inc. | ||
| Dated: November 3, 2023 | By: | /s/ Jaspreet Mathur |
| Jaspreet Mathur | ||
| Chief Executive Officer | ||