SWMBRD Sports Inc. C.SWIM

SWMBRD Entry Into Consulting Agreement with Black Tag Inc.

[Betteryear2]

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

SWMBRD Announces Entry Into Consulting Agreement with Black Tag Inc.

[Luckierjack2]

That seems like a very rich deal for a small company.