{"url_path":"/sec/hoth/8-k/2026-05-21/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-21","source_url":"https://www.sec.gov/Archives/edgar/data/1711786/0001213900-26-060075-index.html","accession_number":"0001213900-26-060075","cik":"0001711786","ticker":"RKTO","issuer_name":"Rocket One Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1711786/0001213900-26-060075-index.html","primary_entity_key":"0001711786","primary_entity_name":"Hoth Therapeutics, Inc."},"word_count":410,"has_tables":true,"body_markdown":"**Item 1.01 Entry into a Material Definitive\nAgreement.**\n\n**** \n\nOn May 15, 2026 (the \"Effective Date\"), Rocket One Inc. (“Rocket\nOne”), a newly formed subsidiary of Hoth Therapeutics, Inc. (the “Company”), entered into two exclusive license agreements\n(collectively, the “VCU License Agreements”) with the Virginia Commonwealth University Intellectual Property Foundation (“VCU”)\nas further described below.\n\n \n\nPursuant to the License Agreements, VCU granted Rocket One an exclusive,\nroyalty-bearing license to certain patents to, among other things, make, use, sell, and import Licensed Products and otherwise perform\nLicensed Services, with the right to Sublicense in the Field of Use (as defined herein). Additionally, VCU granted Rocket One a non-exclusive,\nroyalty-bearing, worldwide license to the Licensed Technical Information to, among other things, make, use, sell, and import Licensed\nProducts and otherwise perform Licensed Services with the right to Sublicense in the Field of Use. “Field of Use” means commercial\nuse for data centers and artificial intelligence.\n\n \n\nUnless terminated earlier pursuant to their respective\nterms, the License Agreements shall remain effective until the expiration of the last to expire Licensed Patents, or 15 years from the\nfirst commercial sale of a Licensed Product or Licensed Service, whichever is later.\n\n \n\nPursuant to License Agreements, Rocket One shall pay VCU: (i) a royalty\npayment equal to a mid single digit percentage of the Net Sales of Licensed Products and Licensed Services that are covered by the Licensed\nPatents, subject to adjustment; (ii) a royalty payment equal to a low single digit percentage of the Net Sales of Licensed Products and\nLicensed Services that are covered by the Licensed Technical Information, subject to adjustment; (iii) a low double digit percentage of\nSublicensing Revenue; and (iv) minimum annual payments ranging from low five figures to mid five figures, increasing with time. With respect\nto one of the License Agreements, Rocket One also paid VCU a low five digit figure upon execution of such agreement. In addition, Rocket\nOne has agreed to reimburse VCU for all reasonable legal expenses incurred in filing, prosecuting, and maintaining the Licensed Patents\nunder the License Agreements.\n\n \n\nAll capitalized terms not otherwise defined herein shall have the meanings\nascribed to such terms in the respective License Agreement.\n\n \n\nThe foregoing description of the License Agreements does not purport\nto be complete and is qualified in its entirety by reference to the License Agreements, copies of which are filed as Exhibit 10.1 and\n10.2 this Current Report on Form 8-K and are incorporated herein by reference.\n\n**** \n\n1"}