Remark Media Inc (MARK)

[TheFinalCD]

WOW MARK GOT PEOPLE GOOD, ITS MARK WHO MADE A DEAL TO PAY MSFT UP TO $80M RUT ROH

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THIS DEAL STINKS LIKE A CRAFTY P&D

On January 29, 2024, Microsoft Corporation (“Microsoft”) entered into a five-year cloud services and marketing agreement with Remark Holdings, Inc. (“Remark”, “we” or “our”). During the agreement period, our Remark AI business unit and its customers will consume $80 million of Microsoft Azure cloud services (“Azure Services”) and Microsoft, to aid Remark AI in integrating new customers with Azure and driving use of Azure Services, will co-market Remark AI’s solutions on the Microsoft Azure Marketplace and provide Remark AI with $2 million of Azure cloud services credits and approximately $0.7 million of consulting and migration credits.

The foregoing description of the agreement between Remark and Microsoft does not purport to be complete and is qualified in its entirety to the full text of such document, which is filed as Exhibit 10.1 and is incorporated herein by