Item 1.01. Entry into a Material Definitive Agreement.

On January 23, 2019 we entered into an agreement with Microsoft Corporation (“Microsoft”) to become a member of Microsoft’s Partner Network (“MPN”). Over the last year, we engaged in joint solution development with Microsoft’s One Commercial Partner Cloud Enablement Desk, which led to the development of an enhanced and robust platform for our interactive video applications. As we prepared to move to the deployment stage of our development, we were requested to apply formally for issuance of a Microsoft partner ID, allowing us to be recognized within the Microsoft internal systems, and to do so through an application for membership in the MPN.

Pursuant to, and in accordance with, our partnership, we will integrate our proprietary, next-generation interactive video technology into Microsoft’s product line, beginning with its email platform, Outlook, and then other Microsoft Office 365 services. In addition, as a Microsoft partner, we will have access to Microsoft’s “Go-To-Market Services” and technical resources to help us market and sell the integrated products to Microsoft customers, as well as other Microsoft partners and systems integrators in Microsoft’s network all over the world. The MPN partnership agreement also contains provisions for confidentiality, intellectual property, and the licensed use of each other’s trademarks for marketing purposes.

It is contemplated that, once integration of our technology into specific Microsoft services is completed, tested, and approved, the parties will determine pricing, revenue share, distribution channels, and other material terms that will be embodied in a formal agreement for each such project.