Form 8-K
8-K — Paradium.AI, Inc.
Accession: 0001493152-26-043382
Filed: 2026-09-18
Period: 2026-09-14
CIK: 0000894871
SIC: 4841 (CABLE & OTHER PAY TELEVISION SERVICES)
Item: Other Events
Item: Financial Statements and Exhibits
Documents
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report: (Date of Earliest Event Reported): September 14, 2026
PARADIUM.AI,
INC.
(Exact
name of registrant as specified in its charter)
delaware
001-12471
68-0232575
(State
or other jurisdiction
of
incorporation)
(Commission
File
Number)
(I.R.S.
Employer
Identification
No.)
200
VESEY STREET, 24TH FLOOR
NEW
YORK, new york
10281
(Address
of principal executive offices)
(Zip
code)
212-321-5002
(Registrant’s
telephone number including area code)
(Former
name or former address if changed since last report)
Securities
registered pursuant in Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
Stock, par value $0.01 per share
PAAI
NYSE
American
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
8.01 Other Events.
Strategic
Platform Agreement
On September 14, 2026,
Paradium. AI., Inc. (“Paradium” or the “Company”) entered into a ten-year Strategic Platform Agreement (the “Platform
Agreement”) with RTB Digital, Inc. (“RTB,” and together with the Company, the “Parties”). The Platform
Agreement will commence upon satisfaction or waiver of its closing conditions, including due diligence completion, RTB’s successful
capital raise as described below, and execution of certain definitive documents, with such closing, absent extension, currently anticipated
in Q4 2026, and has an initial ten-year term.
Under
the Platform Agreement, Paradium’s brands and their associated revenue and traffic will migrate to RTB’s full-stack, AI-powered
digital media and business operations platform (the “Platform”). RTB will deliver Paradium’s non-content functions
through the Platform and services, eliminating related operating overhead and staffing costs for Paradium in exchange for
revenue sharing.
The
Platform Agreement provides for revenue sharing from Paradium partner content at specified percentages based on the defined source of
revenue. Third-party expenses will be borne by the Party sourcing the expense, deducted from top-line revenue or otherwise from the shareable
revenue pool. Each Party will provide sufficient accounting information to the other.
Paradium
will also license and deliver to RTB a current copy of certain Paradium technology assets and related documentation (the “Paradium
Technology”), over which the Parties may modify, adapt, enhance or create derivative works (“Modifications”),
and the Party creating such Modifications will exclusively own all right, title and interest, including related intellectual property
rights associated with those Modifications. Both Parties will have perpetual, irrevocable, royalty-free licenses to use and commercialize
the Paradium Technology and the Modifications. Paradium will independently own and control the Paradium Technology but may not
sell, assign or license it to certain direct competitors of Paradium or RTB. RTB may not transfer or license the
Paradium Technology without Paradium’s written consent, except as part of a sale of RTB.
As
consideration for the license, technology transfer and other consideration under the Platform Agreement, RTB will issue Paradium unregistered
RTB common stock valued at $11.5 million based on certain closing price conditions, including but not limited to Nasdaq minimum pricing
requirements. Paradium has agreed to certain restrictions on sales of these shares.
Purchase
of Minority Interest in Paradium
RTB
entered into an agreement with Simplify Inventions, LLC and MBX Capital Aren, LLC (collectively, “Simplify”) to acquire from
them approximately 49.5% of the issued and outstanding shares of common stock of Paradium, subject to adjustment to maintain RTB’s
ownership below 50%. The $89,555,638 purchase price consists of (i) RTB’s existing $10 million deposit; (ii) $6 million in RTB
common stock, priced at the 10-day VWAP based on the five trading days before and after public disclosure on Form 8-K, but not below
the Nasdaq closing price or average Nasdaq closing price for the five trading days preceding execution; and (iii) $73,555,638 in cash
at closing amounting to a $3.80 per share purchase price. Simplify will retain approximately 23% of Paradium’s outstanding
common stock. The Company is not party to these transactions. Completion of this share purchase is a condition precedent to the consummation of the Platform Agreement. Completion
of the transactions between RTB and Simplify, as well as the transactions under the Platform Agreement, are also subject to RTB raising
the capital to pay the purchase price for the Simplify shares.
Forward-Looking Statements
This Current Report on Form 8-K
contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities
Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements
relate to future events or future performance and include, without limitation, statements concerning the completion and timing of the
Platform Agreement and equity transactions, the satisfaction of conditions precedent including RTB’s funding requirements, the expected
closing date, the anticipated assumption of operating costs by RTB, the expected revenue-sharing arrangement and its economic terms, the
expected receipt of RTB common stock, the contemplated term of the Platform Agreement, and the expected ownership percentages following
completion of the equity transaction, the Company’s business strategy, future revenues and income from continuing operations, anticipated
yield growth and monetization improvements, cost reductions, debt refinancing efforts, market growth, capital requirements, product introductions
and technological capabilities, additional expansion plans, the Company’s stock price relative to its peers and its share repurchase
program (as disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on March
16, 2026 (the “2025 Form 10-K”) and in the Company’s other SEC filings and publicly available documents). Other statements
contained in this Current Report on Form 8-K that are not historical facts are also forward-looking statements. The Company has tried,
wherever possible, to identify forward-looking statements by terminology such as “may,” “will,” “could,”
“should,” “expects,” “anticipates,” “intends,” “plans,” “believes,”
“seeks,” “estimates,” and other stylistic variants denoting forward-looking statements.
The Company cautions investors
that any forward-looking statements presented in this Current Report on Form 8-K, including but not limited to its expectations regarding
the completion of the Platform Agreement and equity transactions on the terms described herein, the anticipated cost savings and revenue-sharing
arrangement, and RTB’s ability to satisfy the applicable funding requirements and closing conditions, or that the Company may make
orally or in writing from time to time, are based on information currently available, as well as its beliefs and assumptions. The actual
outcome related to forward-looking statements will be affected by known and unknown risks, trends, uncertainties, and factors that are
beyond the Company’s control or ability to predict. Although the Company believes that its assumptions are reasonable, they are
not guarantees of future performance, and some will inevitably prove to be incorrect. As a result, the Company’s actual future results
can be expected to differ from its expectations, and those differences may be material. Factors that could cause actual results to differ
materially from those expressed in the forward-looking statements include, without limitation, the risk that one or more conditions to
closing may not be satisfied or waived, including RTB’s obligation to satisfy certain funding requirements; the risk that the contemplated
transactions may not close on the currently contemplated terms, timeline, or at all; the risk that Nasdaq minimum pricing requirements
may not be met; risks related to the integration of operations under the Platform Agreement; risks associated with RTB acquiring a significant
equity interest in the Company; and the other risks and uncertainties described in Part I, Item 1A of the 2025 Form 10-K. Accordingly,
investors should use caution in relying on forward-looking statements, which are based only on known results and trends at the time they
are made, to anticipate future results or trends. The Company details other risks in its public filings with the SEC, including in Part
I, Item 1A, Risk Factors, in the 2025 Form 10-K. The discussion in this Current Report on Form 8-K should be read in conjunction with
the consolidated financial statements and notes thereto included in Part II, Item 8 in the 2025 Form 10-K.
This Current Report on Form 8-K
and all subsequent written and oral forward-looking statements attributable to the Company or any person acting on its behalf are expressly
qualified in their entirety by the cautionary statements contained or referred to in this section. The Company does not undertake any
obligation to release publicly any revisions to its forward-looking statements to reflect events or circumstances after the date of this
Current Report on Form 8-K except as may be required by law.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits
10.1
Strategic Platform Agreement dated September 14, 2026.
104
Cover
Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
PARADIUM.AI,
INC.
Dated:
September 18, 2026
By:
/s/
Paul Edmondson
Name:
Paul
Edmondson
Title:
Chief
Executive Officer
EX-10.1
EX-10.1
Filename: ex10-1.htm · Sequence: 2
Exhibit 10.1
Execution Version
ROUNDTABLE
STRATEGIC PLATFORM AGREEMENT
PARTNER
Paradium.AI,
Inc. f/k/a The Arena Group Holdings, Inc.
EFFECTIVE
DATE:
Upon
Completion of Certain Conditions Precedent
ADDITIONAL
TERMS:
All
Exhibits
This
RTB STRATEGIC PLATFORM AGREEMENT (“Agreement”) is entered into by and between RTB DIGITAL, INC. also dba “Roundtable”
(“RTB” or “Company”) and Paradium.AI, Inc. f/k/a The Arena Group Holdings, Inc. (“Partner” or “Arena”
or “Paradium”) effective as of the Effective Date above (each a “Party” and collectively the “Parties”).
The specific date that marks the Effective Date, when confirmed, will be codified via an executed memorandum between the Parties. RTB
acknowledges that Arena consists of multiple affiliates and subsidiaries, and certain of Arena’s rights and/or obligations under
this Agreement will be conveyed and be performed by such subsidiaries and affiliates.
RECITALS
WHEREAS
Arena owns and/or operates various web properties and brands that run on its full service publishing, monetization, and payments platform;
WHEREAS,
Arena currently creates end-user -focused content (“Arena Content”), and third-party publishers (“Third Party Publishers”)
create end-user focused content (“Third Party Content”) (together the Arena Content and Third Party Content are the “Partner
Content”), at various Internet domain(s) (the “Domains” or “Channels”) operated by Arena, each as listed
in the Assets and Domains Exhibit (together, the Partner Content, Domains and Channels are the “Assets”) (for the avoidance
of doubt, Arena properties not listed in the Assets and Domains Exhibit are not considered Domains, Channels or Assets and are not included
in this Agreement, except pursuant to future mutually executed amendment to this Agreement by the Parties);
WHEREAS
RTB provides a full-stack digital media and business operations platform (“Platform”), including digital publishing, video,
subscriptions/memberships, newsletter, advertising, apps, internal distribution, data management, reporting, and real-time payments and
payment advances in partnership with Coinbase, among other features;
WHEREAS
RTB also provides advertising sales and related operations, syndication/distribution relationships, digital marketing, and organizational
services (together with the Platform, the “Services”);
WHEREAS
RTB maintains a network of owned and/or operated web properties that make up a unified, mutually supporting coalition of premium media
properties (“Coalition”);
WHEREAS
Arena wishes to utilize RTB’s Platform and Services for its Assets and have such Assets be part of its Coalition;
WHEREAS
RTB wishes to provide its Platform and Services to Arena (at RTB’s expense) and includes Arena as part of its Coalition;
WHEREAS
the Parties wish to share revenues (among other considerations as listed in the Agreement) attributable to Arena’s Assets that
utilize RTB’s Platform, Services and Coalition;
WHEREAS,
RTB will provide certain services, as more particularly described in this Agreement, for Arena, and Arena will grant certain licenses
and rights of use to RTB in connection with the business and services and convey to RTB certain intellectual property rights, as more
particularly described in this Agreement; and
WHEREAS
the Parties also wish to enter into Employee Sharing Agreements under which employees work toward common goals of the Parties, while
RTB reimburses certain expenses (as explicitly described herein to this Agreement) that may currently be borne by Arena
AGREEMENT
Therefore,
the Parties agree as follows:
1. REVENUE
SHARING. The Revenue achieved during the Term that are attributable to the Assets’ operation on the Platform (and use of related
Services) shall be shared between the Parties pursuant to the further descriptions and clarifications as set forth in the Revenue Share
and Operations Exhibit.
2. RTB
LICENSED OPERATIONS. Subject to the terms and conditions of this Agreement and all applicable laws and applicable third-party agreements,
Arena (the “Licensor”) hereby grants to RTB (the “Licensee”) the right during the Term on the Platform to use
its Services to a) publish, produce, advertise, market, promote, distribute, and provide related functions and other applicable services
for the Arena Websites (listed in the Platform Features Exhibit), pursuant to the approval and migration procedures as set forth herein
this Agreement with respect to each such website, and b) to use Arena’s systems, technologies and vendors agreement to help RTB
perform and fulfill its obligations under this Agreement. Additionally, during the term of this Agreement, except for those third-party
sites hosted by Arena as of the Effective Date, Arena shall not, directly or indirectly, engage in, third party hosting offerings, or
services that are competitive with the products and services offered by RTB as of the Effective Date. Arena hereby reserves any and all
rights that are not expressly granted to RTB in this section or elsewhere in this Agreement.
Roundtable Strategic Platform Agreement - page 2
2.1 Arena
Technology. Additionally, subject to the terms and conditions of this Agreement and all applicable laws and applicable third-party
agreements, within ninety (90) days of the Effective Date, Arena shall have on the terms and subject to the conditions of this Agreement,
delivered (or cause to have been delivered) to RTB (in a mutually-agreed form and format and pursuant to an agreed upon delivery mechanism,
including as set forth herein), full, perpetual and irrevocable control of a current carbon copy of the Arena Technology, including all
Documentation included therein. In the event a third party causes a delay in the delivery of the Arena Technology past the ninety (90)
day threshold, Arena will work in good faith to deliver the remaining Arena Technology in as reasonable a time frame as commercially
possible. In any such event Arena shall deliver login credentials within thirty (30) days from the Effective Date. Each Party shall have
the right to modify, adapt, enhance, improve, or otherwise create derivative works of the Arena Technology (“Modifications”),
and such Party shall exclusively own all right, title, and interest in and to all Modifications, including all intellectual property
rights therein. As more fully outlined in the Ownership Section of this Agreement, both Parties shall have a full, perpetual, irrevocable,
and royalty free license to use, implement and take commercial advantage of the Modifications for such Party’s business operations.
Notwithstanding the foregoing, the parties acknowledge and agree that Arena shall, as it currently does, independently fully own and
control without restriction its own version of the Arena Technology, provided that Arena may not sell, assign, license, or sublicense
its own version of the Arena Technology to any direct competitor of Arena or RTB as more specifically outlined in Exhibit 11. The Parties
agree that this Exhibit 11 may be updated from time to time by mutual written consent of the Parties with such signing representative
to be the CEO of Arena and the CEO of RTB, and such written consent shall not be unreasonably withheld by either party. Except as part
of a sale of RTB as a whole or by written consent of Arena, RTB may not sell, license, sub-license or otherwise transfer the Arena Technology
to any third party. For the avoidance of doubt, during the Term of the Agreement, Arena acknowledges that it will work with RTB in good
faith and with reasonable advanced notice to limit or restrict the execution of new license(s), after the Effective Date, of media content
to a hosting environment that materially impairs the traffic, audience monetization, or programmatic yields managed by RTB on the Platform.
Within ninety (90) days from the Effective Date, the Parties shall align on a mutually agreeable framework for offering Infosentience
services on the RTB Platform Coalition.
In
exercising the foregoing rights (and resulting obligations pursuant to this Agreement), RTB shall incur and pay all expenses or reimburse
Arena for its payment of such expenses related to such operations (including but not limited to applicable vendor and employee costs,
as defined between the parties in the Expense Payment Schedule Exhibit and Additional Terms Exhibit , which the parties agree may be
updated from time to time upon the mutual consent of the Parties. For existing vendors of Arena, in any interim period while RTB utilizes
such Arena vendor agreements (for sole purpose of supporting Arena) either within or alongside its Platform, then a) RTB and Arena shall
cooperate in good faith with respect to a) transitioning the vendor relationship and agreement from Arena to RTB - both legally and operationally,
and b) Arena shall set RTB as Arena’s limited-purpose Agent with respect to each such vendor to operate each vendor’s services
under Arena’s then-existing Agreement (until such can be properly migrated to an RTB agreement).
As
consideration for the above license and copy transfer, among other consideration listed herein to this Agreement, within two (2) weeks
of the Effective Date, which may be mutually extend by written consent of Arena, RTB shall cause its transfer agent to issue to Arena
the number of shares of RTB’s unregistered common stock, which equals the equivalent to Eleven and One-Half Million Dollars ($11,500,000)
based on 10-day rolling volume-weighted moving average (VWAP) being the closing price of RTB common stock for the five (5) days prior
to and the five (5) days after this Agreement is publicly disclosed via Form 8-K by RTB, provided that such price per share shall not
be lower than the Nasdaq Official Closing Price (NOCP) or the average NOCP for the five trading days prior to signing this Agreement.
Upon
receipt of the common stock, Arena (along with its affiliates and entities directly or indirectly controlled by Arena) agrees that (a)
it will not sell more than 10% of the total daily trading volume of the common stock on any calendar date, (b) it will not sell any common
stock within the first thirty (30) minutes of market opening or the last thirty (30) minutes prior to market closing, and (c) it will
not effect any short sale of the common stock, enter into any hedging, short derivative or similar transaction in the common stock, or
engage in any manipulation of the price of the common stock, and (d) prior to selling any common stock, it will first offer RTB the right
to purchase such common stock at a price to be agreed by the Parties, but in no event greater than the 5-day VWAP as of the date such
offer was made in writing to RTB. RTB shall give notice of their intent to purchase the common stock within three (3) days from receipt
by Arena. The Parties agree that the above stated restrictions shall only include sales on the open market and shall not restrict Arena
as it relates to insider-to-insider trades or private off-market block trades.
Roundtable Strategic Platform Agreement - page 3
Direct
payment of any expenses by RTB will arise on the terms and schedules as set in each such current agreement, and RTB represents and warrants
that it will make such payments in full in a timely and compliant manner. Reimbursed payment shall follow the procedures listed in the
Expense Payment Schedule Exhibit and Additional Terms Exhibit. RTB acknowledges and agrees that RTB will fully cover any needs/changes
in Arena facilities, sales & marketing, marketing technology, and technology costs, provided that any such increase in Employee/Payroll
Expenses shall not exceed ten percent (10%) of the prior year’s amount without RTB’s written consent. Notwithstanding the
foregoing, (a) pass-through increases in variable and fixed vendor costs as implemented by any such vendor, (b) increases in variable
costs directly associated with a growth in Arena’s business, shall not be capped at a yearly percentage increase. Arena acknowledges
and agrees that it will not materially modify or add services to their vendor agreements, absent normal annual increases, without mutual
agreement between the Parties (and in the event of dispute or urgent needs in advance of such mutual agreement, the dispute resolution
procedures will be used, but Arena is not prohibited from addresses the identified urgent need in the interim).
3. PLATFORM
SERVICES, ACCESS & MIGRATION.
3.1 Use
Terms. RTB shall provide access to the Platform and the Services, subject to the terms of this Agreement. Except as expressly provided
otherwise in this Agreement, this Agreement is subject to the Platform Use Terms (“Platform Use Terms”), explicitly incorporated
herein as the Platform Use Terms Exhibit. For the avoidance of doubt, these Platform Use Terms may only be changed pursuant to a mutually
executed amendment to this Agreement by the Parties. All capitalized terms not defined in this Agreement have the meaning outlined in
the Platform Use Terms.
3.2 The
Platform. RTB will, at its own full cost and expense, build, host, maintain, operate, and administer the Platform and Services
(as defined herein). Operation and performance of the Platform and Services will at all times meet material parity on key functions
and design and the minimum standards and levels as described herein to this Agreement, including but not limited to all structural,
design, data, payments, and technological matters with respect to the Platform and Services, including, without limitation, the list
of features and responsibilities described in the Platform Features Exhibit hereto. Costs and expenses related to RTB’s i)
migration and onboarding of Assets and ii) customizations to the Platform and/or Services pursuant to this Agreement, shall be borne
entirely by RTB.
3.3 Access
to Services and Coalition Benefits.
(a). Access;
Service Level. RTB shall make the Platform and Services available for use by Partner pursuant to secure login in accordance with
the Service Level Agreement, set forth as the Service Level Agreement Exhibit. Partner shall provide RTB with read-access login to the
Partner’s Google Analytics account or other primary analytics-measuring tool used for the Domains.
(b). Ads.txt
and Traffic Assignment. Partner grants RTB, for so long as each specific item of the Assets is successfully hosted on the Platform
(i) control of ads.txt, if and when appropriate and applicable (based on mutual assessment of the advertising operations, systems, and
advertising accounts/agreements), with respect to the Domains and (ii) by mutual agreement, the right to include the Domains in the Coalition
in a consolidated listing assembled by third-party measurement companies such as comScore, Nielsen and/or other similar services selected
by RTB. RTB will bear all costs and expenses, as may be related to such Domain listing and/or traffic assignment. For the avoidance of
doubt, Arena’s existing seats, agreements, and licenses will be maintained – including for potential use with respect to
Domains on the Platform -- until such time as proper and functional RTB substitutes can be deployed, and the Parties mutually agree to
such in writing (by authorized personnel of each Party) and the associated expenses will be deemed to accrue to and be covered by RTB.
Subject to the foregoing clauses of this section, as appropriate given each proposed action (approval not to be unreasonably withheld),
Arena will promptly execute industry standard documents required to effect this section (provided that such documents contain no ancillary
terms or potentially harmful clauses to Arena and that Arena is treated no worse than any other third-party entities in the Coalition).
Roundtable Strategic Platform Agreement - page 4
3.4 Launch
and Coalition Participation.
Launch;
Launch Date. Following the Effective Date, RTB and Partner shall cooperate to jointly create and develop a plan for Migration of
Domains to the RTB Platform, including creative and design. RTB shall be responsible for its own engineering work and expenses related
to Migration (including customizations and enhancements it makes to the Platform to support the Arena Migration effort). Partner will
provide RTB with all necessary rights and access reasonably required for the Migration, as set forth on the Migration Exhibit. Migration
of Domains will be done consistent with the then-current design and feature set capabilities of the Platform and other requirements defined
in the aforementioned plan. Upon acceptance of each new website by RTB and Partner, the new website shall be made publicly available
on the Platform (the “Domain Launch,” and the date of Launch, the “Domain Launch Date”). Only upon Domain Launch
Date will the revenues generated through the Platform that are attributable to any migrated Domain be considered as Revenue under this
Agreement.
3.5 Ownership.
As between the Parties, (i) Partner and its subsidiaries or affiliates owns and retains all right, title, and interest in and to the
Assets, intellectual property, versions of technology as of the date such technology is shared with RTB, Arena Content, Third Party Content
that was provided to Arena on a work-for hire (or similar) basis, Domains, Asset Data collected by Partner, and Partner trademarks and
branding, (ii) Third Party Publishers owns and retains all right, title, and interest in and to the Third Party Content (except as such
was provided to Arena on a work-for-hire or similar basis), and (iii) RTB and its Affiliates own and retain all right, title, and interest
in and to the Platform, Services, Asset Data collected by RTB, RTB and its licensors’ trademarks and branding and all software
and technology RTB uses to provide and operate the Platform and Services; provided, however, that i) Arena-provided technology into the
RTB Platform shall be considered jointly yet independently owned (such that each Party may further use at its discretion), and ii) if
there is joint development under an Employee Sharing Agreement or otherwise (for purposes of example only, integration specs and APIs,
reporting systems and interfaces, etc.) then the Parties acknowledge and agree that it is the intent for both Parties to be able to fully
and independently use such work (whether for performance under this Agreement or other purposes), and if a specific Party is deemed “owner”
of such work, including the Modifications, it grants to the other Party a royalty free, perpetual, and irrevocable license to use such
work in any manner that it deems appropriate. Asset Data collected by RTB shall be provided to Arena, and the Parties will be considered
joint controllers of such data (with Arena as an intended co-owner), and Arena is permitted to independently use such data in its discretion.
Partner maintains and will at all times during the Term maintain ownership of and all renewal obligations for the domain names associated
with the Domains. Each Party reserves all other rights not expressly granted herein.
Roundtable Strategic Platform Agreement - page 5
3.6 New
Third-Party Domains. During the Term, Arena agrees that for new third-party top-level domains (excluding those under Arena affiliates
and/or acquired by Arena or its affiliates via acquisitions) that are not currently partnered with either Party, Arena will not compete
with RTB with respect to such hosted domain opportunities.
3.7 Prior
to commencing any Migration of media content to the Platform, RTB shall have at least $7,000,000 of unrestricted cash and cash equivalents.
Following commencement of the Migration, RTB’s audited yearly and auditor-reviewed quarterly financial statements shall not contain
any going-concern qualification indicating substantial doubt regarding RTB’s ability to continue as a going concern; provided,
however, that any failure to satisfy the foregoing covenant shall be deemed cured and shall not constitute a default if RTB’s financial
statements for the subsequent fiscal quarter, as audited or reviewed as applicable, do not contain any such going-concern qualification.
4. Sale
/ License / Cessation / Removal Of Assets Or Domains By Arena. Arena’s management team may, in its sole discretion and at any
time, i) sell, ii) license (for example, for a third party to take over an Arena brand or property), or iii) cease publication of any
of its brands and/or Domains, or additionally iv) de-platform and/or lose operational license to a third-party website, so long as Arena
complies with either (a)-(d) or (e) as set forth below:
(a).
In the event of a sale, the sold publishing portion of that Domain, brand and/or Asset must remain on or promptly be migrated to,
as applicable, the RTB Platform after any such sale, under the same revenue share obligations outlined herein between buyer and RTB for
the remaining duration of the then-current Term as set forth in Section 5.1 below;
(b).
Any Asset sold or licensed, the net proceeds shall be used to pay down the then-existing debt;
(c).
Any Asset or Domain shall not be sold for under 5X trailing twelve (12) months gross revenue;
(d).
No Asset or Domain shall be sold to Authentic Brands Group, Minute Media, or their respective Affiliates, without written consent
of RTB. This list may be updated from time to time by written consent of the parties, which shall not be unreasonably withheld; or
(e).
Via a properly noticed Proxy Vote, whereby a majority (over 50%) of the then-outstanding shares are entitled to vote cast in favor
of a sale of certain Assets, Domains and/or brands under the terms set forth by management of the Company and the Arena Board of Directors.
Notwithstanding
the foregoing, (i) prior to de-platforming and/or losing operational license to a third-party website, Arena shall offer to transfer
its rights to such operational licenses to RTB, subject to the third-party’s written approval, which RTB may accept or reject in
its sole discretion, and (ii) prior to ceasing publication of any of its brands and/or Domains, Arena shall consult in good faith with
RTB to explore alternative uses of such brands and/or Domains.
Roundtable Strategic Platform Agreement - page 6
5. TERM
AND TERMINATION.
5.1 Term.
The initial Agreement term (“Initial Term”) shall commence on the Effective Date and shall continue for a period of ten (10)
years from the Effective Date, unless earlier terminated pursuant to Section 5.3 (or as a termination provision may be listed elsewhere
in the Agreement).
5.2 Renewal.
At the end of the Initial Term (and any subsequent Renewal Term), the Agreement shall be automatically extended an additional twelve
(12) months (each a “Renewal Term”), unless a Party provides written notice of non-renewal at least sixty (60) prior to the
end of the then current Term period. Together the Initial Term and Renewal Term(s) (if any) are the “Term”.
5.3 Termination.
Either Party may terminate this Agreement as follows:
(a).
Termination for Breach. If a Party materially breaches this Agreement or any side letter referenced herein, and such breach causes
material harm to the non-breaching Party, and fails to cure such breach within thirty (30) days of receipt of notice of breach from the
non-breaching Party, then the non-breaching Party may terminate this Agreement on written notice to the breaching Party, provided that,
except in the instance of a breach for non-payment, in the event RTB disagrees with a breach claimed by Arena, RTB agrees to fund an
Arena-chosen, technically qualified, and non-conflicted consultant to act as an arbitrator. Such arbitration for breach shall be completed
within thirty (30) days but no later than sixty (60) days from the receipt of notice of breach. The Parties agree that they will timely
respond to matters necessary to participate and complete the arbitration within the timeline stated herein. Breaches for non-payment
shall not be subject to the arbitrator provisions as stated herein;
(b). Termination
for Uncurable Breach. If a Party materially breaches this Agreement or any side letter referenced herein, where such breach by its
nature cannot be cured, then the Parties shall enter into a fifteen (15) day negotiating period upon notice of breach from the non-breaching
Party, whereby the Parties may (but are not obligated to) agree to a wind-down process at the non-breaching party’s option or settle
on an alternative remedy; after such fifteen (15) day period has expired, if no alternate disposition of the breach has been agreed to
by executed memorandum by authorized personnel of each Party, the non-breaching Party may terminate the Agreement on written notice to
the breaching Party;. Notwithstanding the foregoing, in the event RTB disagrees with a breach, except in the instance of a breach for
non-payment, claimed by Arena, RTB agrees to fund an Arena-chosen, technically qualified, and non-conflicted consultant to act as an
arbitrator. Such arbitration for breach shall be completed within thirty (30) days but no later than sixty (60) days from the receipt
of notice of breach. The Parties agree that they will timely respond to matters necessary to participate and complete the arbitration
within the timeline stated herein. Breaches for non-payment shall not be subject to the arbitrator provisions as stated herein;
(c). Termination
for Impairment. If a Party is subject to any form of impairment (defined as follows), the other Party may terminate the Agreement
on written notice to the impaired Party; impairment means (i) a petition is filed, or any case, proceeding or other action is commenced
against a Party seeking to have an order for relief entered against it as debtor, or seeking reorganization, arrangement, adjustment,
liquidation, dissolution, or composition of its debts or other relief under any law relating to bankruptcy, insolvency, arrangement,
reorganization, receivership, or other debtor relief under the laws of the United States or any state or other competent jurisdiction
and such proceeding is not dismissed within ninety (90) days after the commencement thereof; or (ii) a court of competent jurisdiction
enters an order for relief against a Party as debtor, or an order, judgment or decree is entered appointing, with or without the consent
or contest of a Party, a receiver, trustee, custodian or other similar official for it, or for all or any part of its assets or properties,
and such petition, case, proceeding, action, order, judgment or decree is not be dismissed within ninety (90) days after being commenced;
Roundtable Strategic Platform Agreement - page 7
(d). Termination
for Cause. If a Party engages in conduct that a court of competent jurisdiction determines is illegal or fraudulent that is demonstrably
and materially injurious to the other Party, or an officer or director of a Party is convicted of, or enters a plea of guilty or nolo
contendre to a felony involving fraud that is demonstrably and materially injurious to the rights or reasonable public perception of
the other Party under this Agreement, then the other Party may terminate the Agreement on written notice;
(e). Termination
for Corporate Reasons. The mutual intent of the Parties is to execute a side letter describing certain corporate actions (which actions
may be either a certain condition precedent to the Effective Date and/or a future obligation of a Party); in the event a Party does not
fulfill any of its obligations as may be listed in such executed side letter within the required time frame, then the other Party may
terminate this Agreement on written notice.
5.4 Effect
of Termination. See Platform Use Terms
5.5 Asset
Removal From Platform. Arena may reassert platform control for any Domain upon RTB’s uncured or uncurable breach of the Agreement,
provided that, before any such removal, in the event RTB disagrees with a breach claimed by Arena, RTB agrees to fund an Arena-chosen,
technically qualified, and non-conflicted consultant to act as an arbitrator. Such arbitration shall be completed within thirty (30)
days but no later than sixty (60) days from the receipt of notice of breach. The Parties agree that they will timely respond to matters
necessary to participate and complete the arbitration within the timeline stated herein
6. MISCELLANEOUS
PROVISIONS.
6.1 Choice
of Law, Venue, and Jury Trial Waiver. Delaware law governs this Agreement without regard to principles of conflicts of law. Except
as otherwise expressly provided in Sections 5.3(a), 5.3(b), and 5.5, the Parties shall each submit to the exclusive jurisdiction of the
State and Federal courts in Delaware, and expressly submit and consent in advance to such jurisdiction in any action or suit commenced
in any such court, and waive any objection that they may have based upon lack of personal jurisdiction, improper venue, or forum non
conveniens and hereby consents to the granting of such legal or equitable relief as is deemed appropriate by such court. To the fullest
extent permitted by applicable law, each Party waives its right to a jury trial of any cause of action arising out of this Agreement.
6.2 Assignment.
Either Party may assign this Agreement without the prior written consent of the other Party to i) an Affiliate, or ii) an entity that
acquires the majority of its business or assets, but the other Party shall be notified within 30 days of such assignment. Except for
those exceptions outlined herein, neither Party shall assign this Agreement without prior written consent, which shall not be unreasonably
withheld. This Agreement will benefit and bind the permitted successors and assigns of the Parties. Nothing expressed or implied in this
Agreement is intended to confer, nor shall anything herein confer, upon any person other than the parties and the respective successors
or assigns of the parties, any rights, remedies, obligations or liabilities whatsoever except as expressly set forth in this Agreement.
Roundtable Strategic Platform Agreement - page 8
6.3 Expenses.
Except as stated otherwise, each Party hereto shall bear its own fees and expenses in connection with the development and execution of
this Agreement and the transactions contemplated herein.
6.4 Entire
Agreement. The terms and conditions herein, including exhibits and schedules attached or referenced herein, constitute the entire
agreement between the Parties and supersede all previous agreements and understandings, whether oral or written, between the Parties
hereto with respect to the subject matter hereof.
6.5 Relationship
of the Parties. Nothing herein shall be construed to create a joint venture or partnership between the Parties or an agency relationship.
Except as provided in this Agreement, neither Party hereto shall have any express or implied right or authority to assume or create any
obligations or incur expenses on behalf of or in the name of the other Party or to bind the other Party to any contract, agreement, or
undertaking with any third party.
6.6 Governing
Law; Jurisdiction. This Agreement will be governed by and interpreted in accordance with the laws of the United States of America
and the laws of the State of Delaware, without reference to conflict of laws principles. In the event of a dispute, each Party submits
itself to the exclusive jurisdiction of the state and federal courts located in Delaware.
6.7 No
Public Announcements. Unless otherwise required by applicable Law or regulations (based upon the reasonable advice of counsel), neither
Party shall make any public announcements in respect of this Agreement, including any of the terms thereof, or the transactions contemplated
hereby or communicate with any news media without the other Party’s specific prior written consent (by authorized personnel of
a Party), and the Parties shall cooperate as to the timing and contents of any such agreed announcement(s).
6.8 Interpretation.
Descriptive headings are for convenience only and shall not control or affect the meaning or construction of any provision of this Agreement.
The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation
of this Agreement.
6.9 Waiver
and Amendment. No modification, amendment, or waiver of any provision of this Agreement will be effective unless such amendment or
waiver is made in writing and signed by authorized representatives of both Parties.
6.10 Severability.
If any provision of this Agreement shall be held or made invalid by a court decision, statute or rule, or shall be otherwise rendered
invalid, the remainder of this Agreement shall not be affected thereby.
6.11 Counterparts.
This Agreement may be executed in any number of counterparts by original signature or electronic signature, each such counterpart shall
be an original instrument, and all such counterparts together shall constitute one and the same agreement.
[Remainder
of the Page Intentional Left Blank – Signature Page to Follow]
Roundtable Strategic Platform Agreement - page 9
SIGNATURE
PAGE TO ROUNDTABLE STRATEGIC PLATFORM AGREEMENT
The
parties have executed this Agreement on the respective dates set forth below.
COMPANY:
RTB DIGITAL, INC. dba ROUNDTABLE
By:
/s/
James Heckman
Name:
James
Heckman
Title:
Chief
Executive Officer
Date:
September
14, 2026
PARTNER:
Paradium.AI, Inc.
By:
/s/
Paul Edmondson
Name:
Paul
Edmondson
Title:
Chief
Executive Officer
Date:
September
14, 2026
Roundtable Strategic Platform Agreement - page 10
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