RE:Bad Bad Bad On July 4, 2013, iSIGN Media Solutions Inc. execute
d a contract granting exclusive advertising rights
for the signage and mobile network located
in the Mac's Convenience Stores ("MAC's") across Ca
nada with iTrix Media ("iTrix").
The contract commenced July 1, 2013 and mirrors the
length of iSIGN's contract with MAC's with an opti
on for a five year renewal. iSIGN was
to receive payments of $1,460,000 annually; however
iTrix defaulted on the initial payment of $250,00
0.
As of September 2013, the Company had not received
any payments from iTrix. Consequently, the Company
and iTrix are renegotiating new
terms under a revised agreement.