# EDGAR Filing Document

**Accession Number:** 0000930245
**File Stem:** 0001472375-26-000012
**Filing Date:** 2026-2
**Character Count:** 33729
**Document Hash:** 7b2644b692e7c59e429470514b71cc46
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001472375-26-000012.hdr.sgml**: 20260203

**ACCESSION NUMBER**: 0001472375-26-000012

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20260202

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260203

**DATE AS OF CHANGE**: 20260203

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Agassi Sports Entertainment Corp.
- **CENTRAL INDEX KEY:** 0000930245
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-MISCELLANEOUS RETAIL [5900]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 880203976
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-24970
- **FILM NUMBER:** 26590189

**BUSINESS ADDRESS:**
- **STREET 1:** 1120 N. TOWN CENTER DR #160
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89144
- **BUSINESS PHONE:** 702-400-4005

**MAIL ADDRESS:**
- **STREET 1:** 1120 N. TOWN CENTER DR #160
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89144

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GLOBAL ACQUISITIONS Corp
- **DATE OF NAME CHANGE:** 20210218

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALL AMERICAN SPORTPARK INC
- **DATE OF NAME CHANGE:** 19990121

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SAINT ANDREWS GOLF CORP
- **DATE OF NAME CHANGE:** 19940916

?xml version='1.0' encoding='ASCII'? Filed by Avantafile.com - Agassi Sports Entertainment Corp. - Form 8-K

------

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, DC 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): February 2, 2026

**AGASSI SPORTS ENTERTAINMENT CORP.**

(Exact Name of Registrant as Specified in its Charter)

---

| | | |
|:---|:---|:---|
| **Nevada** | **000-24970** | **88-0203976** |
| (State or Other Jurisdiction<br>of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |

---

---

| | |
|:---|:---|
| **1120 N. Town Center Dr #160**<br>**Las Vegas, NV** | **89144** |
| (Address of Principal Executive Offices) | (Zip Code) |

---

Registrant's telephone number, including area code: (702) 400-4005

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))

Securities registered pursuant to Section 12(b) of the Act: None.

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 1.01**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Entry into a Material Definitive Agreement**

*<u>IBM Embedded Solution Agreement</u>*

On February 2, 2026, Agassi Sports Entertainment Corp. (the "<u>Company,</u>" "<u>us,</u>" "<u>we,</u>" or "<u>our</u>") and International Business Machines Corporation ("<u>IBM</u>") entered into an Embedded Solution Agreement – IBM Cloud Enterprise Savings PLAN ESA Transaction Document (the "<u>Embedded Solution Agreement</u>") and an Embedded Solution Agreement Attachment for Build Fund Cloud Credits (the "<u>Cloud Credits Attachment</u>").

Pursuant to the Embedded Solution Agreement, the Company plans to order and for IBM to integrate certain IBM cloud services in an AI-powered self-improvement mobile application for active tennis and pickleball players to be developed by the Company (the "<u>App</u>"), in exchange for a minimum payment commitment of $500,000 for the period between February 1, 2026 and January 31, 2027 (the "<u>First Commitment Period</u>") and $3,300,000 for the period between February 1, 2027 and January 31, 2031 (the "<u>Second Commitment Period</u>"). The initial $500,000 commitment is non-refundable and the subsequent $3,300,000 commitment will become non-refundable unless the Company terminates such commitment by written notice to IBM on or before December 31, 2026. The Embedded Solution Agreement has an initial term of one year and will automatically renew for an additional four years (unless the parties agree to a different renewal term), unless the Company terminates it by written notice to IBM on or before December 31, 2026. If IBM and the Company do not execute a renewal for the continued purchase of IBM cloud services after the initial renewal term, the Embedded Solution Agreement will continue on a month-to-month basis until terminated by either the Company or IBM upon 30 days' prior written notice. IBM will also provide technical support for its cloud services during the term.

Pursuant to the Cloud Credits Attachment, IBM will grant the Company up to $250,000 in cloud credits in three installments over the First Commitment Period, with each set of cloud credit expiring six months from the date the credits are applied. Cloud credits are to be used for development and testing of the Company's embedded solution as part of IBM's Build Fund Program. IBM may terminate the Company's cloud credits for any reason, in IBM's discretion, including if it determines that any information supporting the Company's eligibility for participation was untrue or if the Company breaches the terms of the Cloud Credits Attachment or the Embedded Solution Agreement.

The foregoing description of the Embedded Solution Agreement and Cloud Credits Attachment does not purport to be complete and is qualified in its entirety by reference to the full text of the Embedded Solution Agreement and Cloud Credits Attachment filed with this Current Report on Form 8-K as <u>Exhibits 10.1</u> and <u>10.2</u>, respectively, and incorporated herein by reference.

**Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.**

The information and disclosures in <u>Item 1.01</u>, above, are incorporated by reference into this <u>Item 2.03</u> in their entirety by reference, to the extent required by <u>Item 2.03</u> of Form 8-K.

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits.

---

| | |
|:---|:---|
| **Exhibit No.** | **Exhibit Description** |
| [10.1#♦\*](exhibit10-1.htm) | [Embedded Solution Agreement – IBM Cloud Enterprise Savings PLAN ESA Transaction Document dated February 2, 2026, by and between Agassi Sports Entertainment Corp. and International Business Machines Corporation](exhibit10-1.htm) |
| [10.2#\*](exhibit10-2.htm) | [Embedded Solution Agreement Attachment for Build Fund Cloud Credits dated February 2, 2026, by and between Agassi Sports Entertainment Corp. and International Business Machines Corporation](exhibit10-2.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

\* Filed herewith.

# Certain confidential portions of this Exhibit were omitted by means of marking such portions with brackets ("[\*\*\*]") because the identified confidential portions (i) are not material and (ii) the Company customarily and actually treats that information as private or confidential.

♦ Certain schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company agrees to furnish supplementally a copy of such schedules and exhibits, or any section thereof, to the SEC upon request; provided, however, that the Company may request confidential treatment pursuant to Rule 24b-2 under the Exchange Act for any exhibits or schedules so furnished.

**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.

---

| | | |
|:---|:---|:---|
|  | **Agassi Sports Entertainment Corp.** | **Agassi Sports Entertainment Corp.** |
|  | By: | */s/ Ronald S. Boreta* |
| Date: February 3, 2026 | Name: | Ronald S. Boreta |
|  | Title: | Chief Executive Officer |

---

------

## Exhibit 10.1

------

**Certain confidential portions of this Exhibit are omitted by means of marking such portions with brackets ("[\*\*\*]") because the identified confidential portions (i) are not material and (ii) the Company customarily and actually treats that information as private or confidential.**

**IBM Business Partner** 

**Embedded Solution Agreement** 

**IBM Cloud Enterprise Savings Plan ESA Transaction Document 2**

This Cloud Services ESA Transaction Document ("**ESA TD**") is by and between BP (Business Partner) and the IBM entity identified below. This ESA TD becomes effective as of the date the last party executes it ("**Effective Date**").

This ESA TD incorporates by reference the following associated documents without the need for them to be executed separately:

**1. Base Terms: https://ibm.com/terms/businesspartner/?id=Z127-9048** 

**2. Attachment for Cloud Services: https://ibm.com/terms/businesspartner/?id=Z126-7290**

By signing below (by hand or where recognized by law, electronically), each party agrees to the terms of this ESA TD and the terms of the Service Description(s) referred to in this ESA TD. Once signed, both parties agree that 1) any reproduction of the ESA TD made by reliable means (for example, photocopy or facsimile) is considered an original, unless invalid under local law; and 2) this ESA TD, together with the Base Terms, the Attachment, and the applicable Service Description(s), forms a complete agreement (the "**Agreement**") and is the parties' complete agreement and replaces all prior oral or written communications between the parties regarding the transactions described in this ESA TD. All terms used in this ESA TD and not otherwise defined herein shall have the meanings ascribed to such terms in the Base Terms or Attachment. <br>

Page 1 of 7<br>

---

| | |
|:---|:---|
| Agreed to: <br>**AGASSI SPORTS ENTERTAINMENT CORP.**  | Agreed to: <br>**International Business Machines Corporation** |

---

---

| | |
|:---|:---|
| By<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Ron Boreta<br>___________________________________________________<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Authorized signature | <br>By<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ Lu Guido<br>___________________________________________________ <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Authorized signature |
| <br>Name(s):<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ron Boreta<br>___________________________________________________ | <br>Name(s):<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lu Guido<br>___________________________________________________ |
| <br>Date:<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2-2-26<br>___________________________________________________ | <br>Date:<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2-2-26<br>___________________________________________________ |

---

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| | |
|:---|:---|
| **Address:** <br>1120 N TOWN CENTER DR <br>LAS VEGAS, NV 89144-6301 <br>UNITED STATES  | **Address:**<br>**[\*\*\*]** <br>Attn: **[\*\*\*]** <br>|

---

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![](ibmlogo.gif)

**IBM Business Partner** 

**Embedded Solution Agreement** 

**IBM Cloud Enterprise Savings Plan ESA Transaction Document** 

**1.** **Cloud Service(s) and Prices** 

The following products are not eligible under ESA without prior approval: Maximo Visual Inspection, PowerAI Vision, QRadar Incident Forensics (QRIF), Video Analytics, Video Explorer Platform, Vision Builder, Vision Insights. If BP requires any of the products listed below, you must contact ERO for approval. Please contact ERO at: kevin.cuddy@ibm.com and copy ESA legal. <br>

**A.** **Cloud Services Discounts** 

BP will receive the right to use the following Cloud Service(s) in accordance with the Agreement, the relevant Service Description(s), and this TD. BP will pay the applicable price(s) described below for the Cloud Service(s) BP acquires.

**Cloud Service Table** <br>

---

| | | |
|:---|:---|:---|
| | &nbsp;&nbsp;**IBM Product Description** | &nbsp;&nbsp;**ESA Discount** |
| &nbsp;&nbsp;**Part Number**<br>&nbsp;&nbsp;[\*\*\*] | &nbsp;&nbsp;**[\*\*\*]** | &nbsp;&nbsp;**[\*\*\*]**  |
| &nbsp;&nbsp;[\*\*\*] | &nbsp;&nbsp;**[\*\*\*]** | &nbsp;&nbsp; [\*\*\*] |

---

By signing this TD, BP is ordering activation of a Portal (defined as the portal at https://cloud.ibm.com/, or such other location as IBM may designate from time to time) and the IBM Cloud UI (defined in the IBM Cloud Service Description) to use the Cloud Services. IBM will invoice BP charges for Cloud Services that BP selects and orders from the Portal. Any Cloud Services that BP purchases via the Portal under this TD must be used by BP in accordance with the Agreement as part of the Embedded Solution described in Section 3 below. <br>

The charges for Cloud Services available via the Portal are based on the rates listed in the Portal when BP places the Order through the Portal less the discount listed in the table above ("ESA Discount"), with the exception of cloud object storage, overages, reserved instances, variable instances, transient instances, and other offerings that are already discounted, which will be billed at list price. <br>

---

| |
|:---|
| **Cloud Services Support**  |
| Advanced Support charges are calculated as **[\*\*\*]**% of BP's total discounted charges for Cloud Services usage in each month.  |
| There is a minimum commitment for Advanced Support, set forth in Section B. |

---

IBM Cloud Support plan descriptions can be found at the following:

https://cloud.ibm.com/docs/get-support?topic=get-support-support-plans

https://www.ibm.com/cloud/support

**B. Minimum Spend.** <br>

BP agrees to the spend for IBM Cloud Services and if applicable, Advanced or Premium Support as set forth in the table below.

BP agrees to a cumulative minimum spend ("**Minimum Spend**") for each period during the Initial Term ("**Commitment Period**") as set forth in the table below.<br>

Page 3 of 7<br>

![](ibmlogo.gif)<br>

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Minimum Spend** | &nbsp;&nbsp;**Cloud Services** | &nbsp;&nbsp;**Support** |
| &nbsp;&nbsp;**Commitment Period One**<br>**2/01/2026 to 1/31/2027** | &nbsp;&nbsp;**454,546.00 USD** | &nbsp;&nbsp;**45,454.00 USD** |
| &nbsp;&nbsp;**Commitment Period Two**<br>**2/01/2027 – 1/31/2031** | &nbsp;&nbsp;**3,000,000.00 USD** | &nbsp;&nbsp;**300,000.00 USD** |

---

At the end date of each Commitment Period, IBM shall prepare a true-up of the cumulative invoiced amount for the Commitment Period being measured. The true-up invoice will be issued within 30 calendar days after the end date as defined in the table above and payable pursuant to the terms of this TD.<br>

If the true-up indicates that the Minimum Spend is not met for that Commitment Period (i.e., the total invoiced amount is lower than the Minimum Spend amount), IBM shall invoice, and BP shall pay the difference between the Minimum Spend amount and the actual total invoiced amount.<br>

Notwithstanding anything to the contrary, the $500,000 for Commitment Period One is non-cancellable and unless cancelled in accordance to the Cancellation section below, years two through five commitment of $3,300,000 is non-cancellable.<br>

**Cancellation of Commitment Period Two**<br>

In addition to the termination rights set forth in the Base Agreement and the Cloud

Attachment, BP can cancel Commitment Period Two of the IBM Cloud Service upon written notice to IBM no later than 12/31/2026. Upon receipt of cancellation notice, IBM shall prepare a true-up of cumulative invoiced amount of Minimum Spend for Commitment Period One.<br>

If true-up indicates actual spend Minimum Spend is not met for that Commitment Period (i.e., the total invoiced amount is lower than the Minimum Spend amount), IBM shall invoice, and BP shall pay the difference between the Minimum Spend Amount and the actual total invoiced amount.<br>

If true-up indicates actual spend meets or exceeds Minimum Spend for Commitment Period One, there shall be no further action.

**2.** **Service Description(s)** 

The following Service Description(s), the latest version of which can be found at:

**https://www.ibm.com/support/customer/csol/terms/?id=i126-6605&lc=en** <br>

or also available in the Portal (if applicable), are incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• IBM Cloud

Other Cloud Services available from IBM, including via the Portal, are subject to their own Service Descriptions, which apply to those Cloud Services.

Notwithstanding the order of precedence set forth in the Attachment, the following terms and conditions shall prevail over the Service Description:

A. References to "you" or "Client" in the Service Description(s) shall mean BP and not End User.

References to "Order Document" in the Service Description(s) shall mean this TD.

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![](ibmlogo.gif)

**3.** **Value Add that must be included in the Embedded Solution:** 

For the avoidance of doubt, providing only installation or implementation services or hosting the Program alone is not considered significant new functionality or capability and does not constitute Value Add.

The Value Add must include an application that contains commercial intellectual property that BP either owns or has the right to sublicense.

---

| | |
|:---|:---|
| Name of Embedded Solution: | The Performance Platform & AgassiSports.com <br>|

| Business Partner's Value Add:<br>(including third-party value add if applicable) | The app delivers pro-level tools made accessible: · Play & Capture: Record a match or practice session with the smartphone camera. · Analyze: AI provides match insights (rally length, shot distribution, errors) and player technique analysis (body placement, rotation, drift, contact). · Improve: AI Coaching offers actionable improvement tips tied to drills and personalized plans (e.g. supported by a chatbot advisor). · Share & Compete: Gamification (XP, levels, Avatar) rewards progress. Achievements and highlights can be shared in the community feed or within clubs. · Equip: Based on playstyle, the racket recommender suggests suitable equipment; in-app shop makes purchases seamless. Marketing Hub 3rd party web shop (e.g. Shopify); Agassi related media content. <br>|

---

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**4.** **Term** 

The term of this TD will be 1 year from the Effective Date ("**Initial Term**") and will automatically renew for an additional four years unless cancelled according to Cancellation section above ("Renewal Term"). Renewal TDs may be executed for additional one (1) year terms, or more, as mutually agreed to by the parties in writing.

In the event that IBM and BP do not execute a Renewal TD for the continued purchase of Cloud Services as contemplated by the paragraph above, this TD will continue after the expiration of the Initial Term on a month-to-month basis at List Price (Monthly Continuation Period). Either party may terminate the TD during the Monthly Continuation Period by giving the other party at least 30 days prior written notice. The Monthly Continuation Period shall not be available in the event IBM has terminated this TD or the entire Agreement pursuant to the Base Agreement.

**5.** **Ordering Document and Payment Terms** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Orders:

For Cloud Services, an "**Order**" means BP's selection of the Cloud Services which may include a new order for a Cloud Service or an upgrade or a downgrade of a Cloud Service. Each Order must be placed through the Portal or such other method designated by IBM. The charges for the TD Configurations will be the Service Fees whether the Order is for an existing account or the order is for a new account.<br>

When billed each month, IBM will add to the charges for services ordered, any custom, duty, tax (including withholding tax), levy or fee imposed by any authority resulting from the BP's acquisition or use of the Cloud Services. IBM reserves the right to defer invoicing of any small monthly bill and add it to a subsequent monthly invoice.<br>

IBM will invoice BP monthly for the Cloud Services BP orders through the Portal.

Notwithstanding the terms of this Agreement or our prior practice, payment is not contingent upon issuance of a Purchase Order. All approvals required to issue payment have been obtained. Payment in full is due upon receipt of invoice. The bill to, ship to addresses along with specific ordering information and amounts due under this Agreement are included herein or in other documents related hereto. This order is firm and irrevocable. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Payment Terms:

Amounts are due upon receipt of the invoice and payable within 30 days of the invoice date to an account specified by IBM. All payments are nonrefundable. Cloud Services may not be returned or exchanged.<br>

**6.** **Support Responsibilities** 

Technical support for Cloud Services is described in the Service Description ("Technical Support"). IBM provides Technical Support to BP and not to End Users.

BP will develop a service plan to enable convenient, efficient, and timely support of Cloud Services it markets as an Embedded Solution. The service plan will include, but not be limited to: (i) maintaining a support process adequate to support the latest release of and provide service for all Cloud Services for which BP provides services; (ii) an escalation process; (iii) identification and maintenance of qualified technical support personnel and mutually-agreed resource commitments, management contacts, and support location(s); and (iv) logging and reporting procedures for BP's service activities*.***

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BP will provide Level 1 Support which means BP will be the initial contact for all service requests from End Users regarding the Embedded Solution. BP will only refer requests to IBM through BP's designated technical support personnel and processes after BP: 1) validates that the Cloud Service is eligible for support; and 2) performs its respective responsibilities.

**7.** **Miscellaneous Terms and Conditions** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A) BP agrees that the price presented to the End User for the Embedded Solution will be a single fee for both the Cloud Service(s) and the Value Add. BP may not refer to a separate price for the Cloud Service(s).

Page 7 of 7<br>

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## Exhibit 10.2

------

**Certain confidential portions of this Exhibit are omitted by means of marking such portions with brackets ("[\*\*\*]") because the identified confidential portions (i) are not material and (ii) the Company customarily and actually treats that information as private or confidential.**

![](ibmlogo.gif)

Base Agreement# [\*\*\*]

 **Embedded Solution Agreement Attachment for Build Fund Cloud Credits**

The terms of this Attachment supplement, and are in addition to, the terms of the Embedded Solution Agreement (Base Agreement # [\*\*\*]), including its applicable Attachments and Service Descriptions agreed to between the parties (collectively the "Agreement" or "ESA").

By electronically accepting or physically signing this Attachment, you agree to become a participant in the Build Fund Program (the "Program"), as further described below.

**1. Program Goals and Rules** 

The Program (the "Program") is intended to help IBM Ecosystem members who have an active ESA ("Participant") with IBM's key initiatives by providing resources, global reach and in-depth knowledge and experience with enterprise customers.

**2. Cloud Credits and Services**

Participants will be provided with the specified Cloud Credits for the authorized purpose set out in Exhibit A for use in their Embedded Solution. Cloud Credits are not transferable, and Participants are limited to commercial (non-government) enterprises, as determined by IBM in its sole discretion.

The Cloud Credits are available to Participants, as set out in Exhibit A, and must be used before the date of expiration. Excess credits above actual usage in any stated time frame will not carry over and cannot be otherwise redeemed. Usage of an IBM Cloud Service above the level of the available credits will be billed in accordance with the standard rates and terms for that Service, or as mutually agreed. For those IBM Cloud Services that offer separately priced support offerings, part of the Cloud Credit will be applied to those support offerings.

Participant may also be provided with IBM Services as set out in Exhibit A which will be provided under the terms of the Agreement and/or any additional Agreements set out in Exhibit A.

**3. Participant Obligations**

Participant may not assign its participation in this Program or its Cloud Credits or IBM Services to any other organization or entity without IBM's prior written approval.

Participant may only use Cloud Credits or IBM Services for the purpose of developing an Embedded Solution, and not for an End Users particular transaction.

Page 1 of 5

**4. Compliance Responsibilities**

IBM reserves the right to review your compliance to the terms and conditions of this TD and Participant agrees that it will provide information that IBM requests in connection with this TD and its attachments. Notwithstanding anything to the contrary in the Agreements, IBM may terminate this TD and any other Agreement if ethics, integrity, or legal concerns arising from IBM's review causes IBM to question the appropriateness of continuing this TD, after affording the Participant a reasonable opportunity to respond to and address those concerns. In addition, Participant agrees to promptly reimburse IBM for any payments made under this TD which are related to the IBM's review findings.

**5. Term and Termination** 

This Attachment shall remain in effect upon IBM's acceptance of this Attachment (the "Attachment Effective Date") until the expiration of the Cloud Credits. Credits will become active when Participant activates their account with the promotion code provided by IBM. Unless otherwise approved in writing by IBM, the Attachment for Cloud Credits expires twelve (12) months from the Attachment Effective Date.

Upon termination or expiration of this Attachment, Participants may continue to use the IBM Cloud Services pursuant to the ESA and such Cloud Services' standard terms and conditions. Under the standard terms and conditions for IBM Cloud Services, the Participant will be automatically billed monthly for usage of any IBM Cloud Services at the then-current rates based on the metrics described in the applicable IBM Cloud Service Description, or as described in mutually agreed terms.

IBM may terminate Participant's credits available under this Program for any reason, in IBM's discretion, including if (1) any information provided by, or on behalf of, Participant to determine Participant's eligibility for the Program is untrue or (2) the Participant breaches the terms of this Attachment or the Agreement.

Page 2 of 5

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| | |
|:---|:---|
| &nbsp;&nbsp;Agreed to:<br>**Agassi Sports Entertainment Corp** | &nbsp;&nbsp;Agreed to: <br>**International Business Machines Corporation (IBM)** |
| &nbsp;&nbsp;<br>By_/s/ Ronald Boreta____________________<br>Authorized signature | &nbsp;&nbsp; <br>By_/s/ Lu Guido_________________________<br>Authorized signature |
| &nbsp;&nbsp;Title: <br>CEO | &nbsp;&nbsp;Title:<br>America's ESA Leader |
| &nbsp;&nbsp;Name (type or print):<br>Ronald Boreta | &nbsp;&nbsp;Name (type or print): <br>Lu Guido |
| &nbsp;&nbsp;Date:<br>Feb. 2, 2026 | &nbsp;&nbsp;Date: <br>Feb. 2, 2026 |
| &nbsp;&nbsp;Business Partner Address: | &nbsp;&nbsp;IBM Address: |
| &nbsp;&nbsp;1120 N. Town Center Dr #160 Las Vegas, NV 89144<br>|  |

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&nbsp;&nbsp;&nbsp;&nbsp;Page 3 of 5

**Exhibit A**

**Units of Cloud Credits:** 

Phase 1 - IBM will provide $50,000 USD IBM Cloud Credits with an expiration date of 6 months from the date the credits are applied into the Participant's account. Credits to be utilized in 2026, consistent with the first "commitment period" defined in the ESA.

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; <br>Allocation of Credits<br>| &nbsp;&nbsp; <br>Amount of Credits<br>| &nbsp;&nbsp; <br>Duration of Credits<br>| &nbsp;&nbsp; <br>Expiration of Credits<br>|
| &nbsp;&nbsp; <br>2Q 2026<br>| &nbsp;&nbsp; <br>$50,000 USD<br>| &nbsp;&nbsp; <br>6 Months<br>| &nbsp;&nbsp; <br>6 months from the date the credits are applied into the Participant's account.<br>*Note: Promocodes must be applied within 30 days of being received.*<br>|

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Phase 2 - IBM will provide $200,000 USD IBM Cloud Credits with an expiration date of 6 months from the date the credits are applied into the Participant's account. Credits become available January 1<sup>st</sup>, 2027, if second "commitment period" is initiated. If contract is terminated no additional credits will be issued.

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; <br>Allocation of Credits<br>| &nbsp;&nbsp; <br>Amount of Credits<br>| &nbsp;&nbsp; <br>Duration of Credits<br>| &nbsp;&nbsp; <br>Expiration of Credits<br>|
| &nbsp;&nbsp; <br>1Q 2027<br>| &nbsp;&nbsp; <br>$100,000 USD<br>| &nbsp;&nbsp; <br>6 Months<br>| &nbsp;&nbsp; <br>6 months from the date the credits are applied into the Participant's account.<br>*Note: Promocodes must be applied within 30 days of being received.*<br>|
| &nbsp;&nbsp; <br>3Q 2027<br>| &nbsp;&nbsp; <br>$100,000 USD<br>| &nbsp;&nbsp; <br>6 Months<br>| &nbsp;&nbsp; <br>6 months from the date the credits are applied into the Participant's account.<br>*Note: Promocodes must be applied within 30 days of being received.*<br>|

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**Attachment Effective Date:** Upon signature of this Attachment

**Expiration Date:** As noted above

**Permitted Uses:** Cloud credits will be used for development and testing of the partners embedded solution.

**Associated Services:** No associated services

&nbsp;&nbsp;&nbsp;&nbsp;Page 4 of 5

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