News: HMO Hearmeout Enters Exclusive Commercial Agreement With Indian Business Avidsys Infotec

Dec 10 (Reuters) - HearMeOut Ltd (HMO) :

• HEARMEOUT TO RECEIVE A ROYALTY OF 5% OF NET PROFIT IN NON-EXECUTIVE DIRECTOR EACH FINANCIAL YEAR
• ENTERED INTO AN EXCLUSIVE COMMERCIAL AGREEMENT WITH INDIAN PRIVATELY-OWNED BUSINESS AVIDSYS INFOTEC
• COMMERCIAL AGREEMENT WHEREIN AVIDSYS IS GRANTED A LICENSE TO GROW CO'S AUDIO SOCIAL MEDIA PLATFORM IN INDIA & ASIA
• AVIDSYS TO INVEST MINIMUM A$3.5 MILLION OVER TERM ON ACTIVITIES OR INVEST AT LEAST A$2 MILLION & ACHIEVE 5 MILLION ACTIVE USERS ON HMO PLATFORM

Source text (http//reut.rs/2G8lhpG)

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