Professional Diversity Network: enters agreements for $1,177,431 in GPU equipment

What happened

• The filing reported that on Oct 5, 2026 PDN Intelligence, Inc., a wholly owned subsidiary of Professional Diversity Network, entered into three agreements with Goodwill Labs Inc. and HashForest Technology LLC to support the company’s GPU infrastructure business.
• The agreements and related equipment purchases provide for approximately $1,177,431.22 of initial capital commitments for two NVIDIA B300 eight-GPU systems: PDN Intelligence is acquiring one system from AMAX Engineering Corporation for $588,581.99 and agreed to lend Goodwill $588,849.23 to finance a second system.

Key details

• Equipment lease: 60-month base term beginning on delivery, annual base rent equals 20% of acquisition cost (approximately $117,716), payable bi-monthly; either party may terminate for convenience on or after the second anniversary with 90 days’ notice. PDN Intelligence paid AMAX $294,291.00 on Sep 30, 2026 toward the leased system; the remaining $294,290.99 is payable before shipment.
• Collaboration agreement: tri-party compute services collaboration and revenue sharing governs commercial operation of the leased equipment; bi-monthly project profit is generally allocated 75% to PDN Intelligence and the remainder to Goodwill and HashForest, with base rent credited against PDN Intelligence’s share; initial 24-month term from commercial service commencement.
• Loan agreement: secured term loan of $588,849.23 from PDN Intelligence to Goodwill for the financed equipment; no fixed interest or scheduled principal payments — Goodwill must pay PDN Intelligence 75% of positive bi-monthly distributable profit from the financed equipment; initial two-year term beginning no later than Jan 15, 2027 with automatic one-year renewals unless 30 days’ notice is given. Upon non-renewal or certain defaults, PDN Intelligence may take title to or require sale of the financed equipment to discharge the loan principal, with a cash-shortfall repayment obligation in specified circumstances on or after Oct 1, 2031 or earlier after specified material defaults.

Why it may matter

• The filing reports Item 1.01 (entry into material definitive agreements) covering the Lease Agreement, the Tri-Party Compute Services Collaboration and Revenue Sharing Agreement, and the Secured Term Loan and Security Agreement that support deployment and commercial operation of two NVIDIA B300 systems. The filing also includes a Regulation FD press release dated Oct 6, 2026. The filing does not show why the insider traded or why the company acted.