On June 8, 2026, Brand Engagement Network, Inc. (the "Company" or "BEN") entered into definitive agreements establishing INTERVENT Health AI, Inc. in the State of Delaware ("INTERVENT Health AI"), a healthcare artificial intelligence joint venture formed with INTERVENT International, LLC ("INTERVENT") to develop, deploy and commercialize AI-powered health coaching solutions utilizing BEN's conversational AI and INTERVENT's clinically validated health coaching methodologies, proprietary healthcare datasets and industry expertise.

 

Key terms include:

 

● Formation of a 50/50 joint venture between BEN and INTERVENT;

 

● Exclusive five-year North American commercialization, technology development and AI platform arrangement between INTERVENT Health AI and SKYE AI USA, LLC ("SKYE"), a wholly owned subsidiary of BEN, subject to agreed performance milestones;

 

● Proposed non-exclusive international reseller arrangements through BEN-affiliated entities in Latin America and Africa, pursuant to which INTERVENT Health AI is expected to receive 50% of gross revenues generated from such sales, after agreed commissions and business development expenses;

 

● BEN, through SKYE, is entitled to receive 35% of certain revenues generated by INTERVENT Health AI from software, services and commercialization activities under the North American commercialization arrangement, net of agreed commissions and third-party fees;

 

● Establishment of a Board of Directors consisting of one BEN-appointed director, one INTERVENT-appointed director and one mutually agreed independent director appointed by the founding shareholders; and

 

● Authorization of a capital structure consisting of 100,000,000 shares of Class A Common Stock and 10,000,000 shares of Class B Preferred Stock.

 

Pursuant to the Shareholder Agreement, BEN and INTERVENT each received 32,500,000 shares of Class A Common Stock, representing 50% of the issued and outstanding common equity of INTERVENT Health AI. An additional 30,000,000 shares of Class A Common Stock were reserved for future issuance, and 5,000,000 shares were reserved for a future long-term incentive plan. Additionally, BEN and INTERVENT each received 5,000,000 shares of Class B Preferred stock, valued at $1.00 per share, as consideration for pre-paid licenses to Health AI for use of the respective companies' intellectual property.

 

The Shareholder Agreement provides customary governance, pre-emptive rights and ownership protection provisions, including restrictions on issuances that would reduce either founding shareholder below specified ownership thresholds without approval.

 

In connection with the formation of INTERVENT Health AI, BEN, through SKYE, has agreed in principle and to the material terms of a Reseller and Services Agreement, pursuant to which BEN will be appointed the exclusive provider of certain AI platform development, training, deployment and related technology services for INTERVENT Health AI in North America, excluding Latin America, for an initial five-year term, subject to agreed performance milestones.

 

Additionally, INTERVENT Health AI has agreed to the material terms of proposed non-exclusive international reseller arrangements providing for the commercialization of INTERVENT Health AI services through BEN-affiliated entities in Latin America and Africa. Subject to the terms of the applicable reseller agreements, INTERVENT Health AI is expected to receive 50% of gross revenues generated from such sales, after deduction of agreed commissions and business development expenses.

 

The parties intend for INTERVENT Health AI to leverage BEN's conversational AI technologies together with INTERVENT International's proprietary healthcare assets, including clinical research datasets, telehealth coaching interactions with more than 2,000,000 people, care pathways and related intellectual property, to develop a suite of AI-driven health coaching products designed for direct-to-consumer, employer, healthcare and enterprise markets.