EXO U Inc. and QOMO HiteVision, L.L.C have now entered into the license agreement contemplated in the MOU. The license agreement sets out the terms and conditions on which EXO U will provide QOMO a fixed minimum number of worldwide licenses each year over a three-year, renewable term on a non-exclusive basis for the EXO U software on which students, teachers and administrators can learn, communicate, share and create digital content for use on multiple devices. The minimum volume commitment in the three-year license agreement is expected to generate approximately USD 2 million in sales for EXO U. In addition, this license agreement is also expected to give EXO U, via the QOMO sales channels, increased visibility in 16,000 school districts in the US, Europe and the Middle East.