08/26/2024 | Press release | Distributed by Public on 08/26/2024 14:29
Item 1.02 Termination of a Material Definitive Agreement.
On August 21, 2024, Digital Locations, Inc. (the "Company") sent notice terminating the existing sponsorship agreement, as amended (the "Agreement") with The Florida International University Board of Trustees ( "FIU"), to conduct the work related to the project entitled "Direct Phone to Satellite Communication." The Company has decided to terminate the Agreement due to a change in business strategy based on recent developments in the satellite communication industry. The termination will be effective on September 20, 2024.