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Investing.com -- TEN Holdings Inc (NASDAQ: XHLD) stock surged 60% in premarket trading Tuesday following the announcement of a three-year digital reseller agreement with Xcyte Digital Corporation.
The agreement, disclosed in a regulatory filing, grants TEN Holdings the right to integrate, bundle, and resell Xcyte’s conferencing products and services to its current and future customers. The initial three-year term includes automatic renewal provisions for successive one-year periods unless terminated by either party with 30 days’ notice.
Under the terms of the agreement, TEN will pay Xcyte fixed annualized fees in monthly installments for products and services provided to its existing customers. For future customers, TEN will pay either 50% of revenue collected from Xcyte-related products and services or Xcyte’s list price minus applicable discounts, whichever is lower.
The agreement contains standard provisions for a reseller relationship, including mutual indemnification and confidentiality clauses. The deal is contingent upon both parties executing an escrow agreement within 20 days of the effective date.
Complete details of the agreement will be available in TEN Holdings’ upcoming Quarterly Report on Form 10-Q for the quarter ending September 30, 2025.
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