FOBI TERMINATION CONTRACT WITH EMCFurther to its press release dated May 17, 2021, the contract for services entered into by Fobi AI Inc. Inc. and Emerging Markets Consulting LLC (EMC) on May 12, 2021, was terminated effective June 18, 2021. While the EMC agreement was in effect, EMC provided investor/public relations services to the company, helping to create more brand awareness to its customer base while improving visibility to the institutional and retail investment community. The services were provided to the company by EMC while the EMC agreement was in effect and fees of $250,000 (U.S.) were paid by the company to EMC upon execution of the EMC agreement, as full consideration for the services.