Waste of money AGORACOM Platform
The Company is also pleased to announce that the Company has entered into an agreement to engage AGORA Internet Relations Corp. ("Agora") to provide online marketing services to the Company (the "Marketing Agreement") through its online marketplace and forum, AGORACOM. For the services to be provided under the Marketing Agreement, the Company will pay total annual fees of $100,000 plus HST (the "Service Fee") to Agora with an initial payment of $20,000 plus HST for certain services provided to the Company including installation of a custom HUB and profile page to be paid on April 28, 2023 and the balance in equal quarterly payments with the last payment due on April 30, 2024. The Service Fees will be paid through the issuance of common shares of the Company at the deemed issuance price of the closing price of the common shares the day before the issuance date at the end of each quarter, subject to the policies of the Canadian Securities Exchange and applicable securities laws.
The securities issued to Agora pursuant to the Marketing Agreement are expected to be issued under applicable exemptions from the prospectus requirements and will be subject to a four-month and a day hold period from the date of issuance.
The Company has also launched a "CEO Verified" Discussion Forum on AGORACOM to serve as the Company's primary social media platform to interact with both current and prospective shareholders in a fully moderated environment. The NuRAN HUB is expected to receive significant exposure through continuous brand impression, content marketing, search engine marketing and social media engagement throughout the entire AGORACOM network.