SWMBRD Sports Inc. C.SWIM

SWMBRD Sports Inc. is a Canada-based sporting goods company. The Company is engaged in the business of developing, manufacturing, marketing, and selling aquatic sports products in the sporting goods and outdoor recreation industries. The principal business carried on and intended to be carried on by the Company is the manufacturing and sale of the Swimboard. The Swimboard is a human-powered aquatic sports board. The Company’s main asset is the 100% ownership of the SWMBRD aquatic sports board (the Swimboard) and multiple variants thereof, along with designs covering numerous related accessories. The Company focuses on developing Swimboard into a global aquatic sports and lifestyle brand built around the new sport of Swimboarding.

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SWMBRD Sports Inc. > SWMBRD Entry Into Consulting Agreement with Black Tag Inc.

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Post by Betteryear2on Apr 06, 2022 2:59pm

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Post# 34581632

SWMBRD Entry Into Consulting Agreement with Black Tag Inc.

VANCOUVER, BC – TheNewswire - April 5, 2022 - SWMBRD Sports Inc. (CSE:SWIM.CN) (“SWMBRD” or the “Company”) is pleased to announce that it has entered into an independent contractor agreement dated April 4, 2022 with Black Tag Inc. (“Black Tag”), pursuant to which Black Tag’s principal, Mr. Chris Kypriotis, who is the former Vice President of Nike Inc. and former President of Nike Brazil, has agreed to provide management, leadership and strategic advisory services to the Company as a director and as Chairman of the Company in consideration for: (i) a signing bonus in the amount of $387,750, which amount may be settled by the issuance of 4,700,000 common shares of the Company at a deemed price of $0.0825 per share (subject to release over a 36 month escrow period); and (ii) a monthly fee of $7,000, plus any applicable taxes, which fees will be paid retroactively from January 1, 2022. The term of the agreement commenced on April 4, 2022 and will continue for a term to expire on the earlier of April 4, 2025, or the date that the Company enters into an executive employment agreement with Mr. Kypriotis as its CEO.

https://www.thenewswire.com/press-releases/1kEjFDJKj-swmbrd-announces-entry-into-consulting-agreement-with-black-tag-inc.html