Alset AI unit Lyken signs AI services MOU

Executive Summary

• Alset AI Ventures Inc.'s subsidiary, Cedarcross International Technologies Inc. (operating as Lyken.AI), entered into a non-binding Memorandum of Understanding (MOU) with Clairvoyant Holdings Inc. (CHI) for a commercial collaboration.
• The collaboration involves Lyken.AI providing AI-enabled infrastructure, cloud computing, software development, and engineering services to CHI’s clinical and wellness platforms.
• The proposed aggregate consideration is approximately $1.5 million, payable over 24 months, with 65% retained by Lyken and 35% allocated to Silver Birch Growth Inc. (SBG) for commercialization services.

Key Details

• Parties Involved:
  • Service Provider: Cedarcross International Technologies Inc. (100% owned by Alset AI Ventures Inc.), operating under the brand Lyken.AI.
  • Client: Clairvoyant Holdings Inc. (CHI), a private health tech company owning Deer Park Wellness Inc. (AlignWellness.ca) and Scale Health Inc. (ScaleHealth.ca).
  • Partner: Silver Birch Growth Inc. (SBG), providing ecosystem and commercialization services.
• Scope of Services:
  • Cloud infrastructure provisioning.
  • Data ingestion and orchestration.
  • AI model development and deployment.
  • Workflow automation.
  • Software application and API development.
  • Systems integration and continuing engineering, maintenance, and optimization.
• Financial Terms:
  • Aggregate Consideration: Approximately $1.5 million.
  • Payment Structure: Phased instalments over approximately 24 months following the commencement of services.
  • Revenue Split: ~65% to Lyken.AI for technology/engineering; ~35% to SBG for ecosystem development/commercialization.
  • Additional Economics: Potential revenue-sharing or performance-based economics to be negotiated in definitive agreements.
• Timeline and Status:
  • MOU Date: January 28, 2026.
  • Definitive Agreement Target: Anticipated not to take effect prior to June 1, 2026.
  • Binding Nature: Non-binding; no obligation to proceed until definitive agreements are executed and approved by boards and regulators (including TSX Venture Exchange).
• Regulatory/Related Party Context:
  • The beneficial owner of CHI is currently an insider of Alset.
  • The transaction may constitute a related party transaction under applicable securities laws and TSX-V policies.
  • Definitive agreements are subject to compliance with disclosure, approval, and procedural requirements.

Notable Quotes

• None provided in the text.