Exhibit 10.1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
(
CURRENT REPORT
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Background.
On December 6, 2023, our Diamond Technology Solutions, LLC (“DTS”) subsidiary finalized a reseller agreement with Clear Touch Interactive, Inc. to offer interactive flat panels and digital signage throughout North America. Prior to this reseller agreement, DTS offered this vendor’s products through our SMARTSolution Technologies, Inc. subsidiary and its predecessor entity SMARTSolution Technologies LP. The DTS reseller paperwork is included herein as Exhibit 10.1.
FOMO WORLDWIDE, INC. is referred to in this Current Report on Form 8-K as “FOMO,” the “Company,” “we,” or “us.”
Item 8.01 Other Events.
On October 4, 2023, we activated extensive insurance coverage for our subsidiary Diamond Technology Solutions, LLC (“DTS”), covering technician vehicles, theft, damage, cybercrime, and various other line items. Further, we are cutting over ERISA and other various required coverage, and, as a result, all employees previously employed by our subsidiary SMARTSolution Technologies, Inc. (“SST”) are now employed by DTS. Excluding potential acquisitions, all of our future installation business and low voltage contracting work will be performed by DTS in support of SST or its own customers.
All customer orders requiring equipment not supplied by SST’s primary vendor, SMART Technologies, will be fulfilled by DTS going forward. To this end, DTS has signed dealer agreements with Clear Touch, Galaxy Next Generation, ActiveFloor, and other providers to sell into the K12, college and university, enterprise, and government verticals. Further, DTS is entering into installation agreements with AVI Systems and multiple other organizations to expand its low voltage contracting business in and around our core markets in PA, OH, and WV.
Item 9.01. Exhibits
| (10) | Exhibits. The following exhibit is filed with this Current Report on Form 8-K: |
| Exhibit No. | Description | |
| 10.1 | Diamond Technology Solutions, LLC Clear Touch Interactive, Inc. Reseller Agreement – 12/06/2023 | |
| 104 | Cover Page Interactive Data File (embedded within the inline XBRL Document) |
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 hereunto duly authorized.
| FOMO WORLDWIDE, INC. | ||
| Date: December 6, 2023 | By: | /s/ Vikram Grover |
| Vikram Grover | ||
Exhibit 10.1