Next Investors getting shares and gonna pump this one to their subscribers?
The Company entered into a services agreement with S3 Consortium Pty Ltd (ACN
135 239 968) (S3) (S3 Services Agreement) pursuant to which S3 agreed to provide
the Company digital marketing services. The material terms and conditions of the
S3 Services Agreement are summarised below:
Scope of Work
/ Services S3 has agreed to provide digital marketing and promotional
services to the Company.
Fees Under the terms of this engagement, the Company agreed to
pay S3 a total fee of $375,000 plus GST.
As agreed by the Company and S3, the $375,000 fee was paid
by the Company by the issue of 1,875,000 Shares in the
Company at a deemed issue price of $0.20 per Share. The GST
component was paid in cash.
Term The term of the S3 Services Agreement is for a period of twenty-
four (24) months from the date the Company is admitted to
the Official List.
The S3 Services Agreement may be terminated by either party:
5482-01/2828607_5
(a) in the event of default of a term of the agreement and
the defaulting party failing to remedy the default
within fourteen (14) days; or
(b) by not giving less than forty-five (45) days written
notice of termination.
