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Firestitch

Firestitch

Firestitch is a highly-respected Toronto-based web and mobile app development company (https://firestitch.com/). With years of experience, technical expertise and proficient workforce to back their reputation, Firestitch has been able to create a niche in this extremely competitive industry by delivering incomparable results and efficient services each time. The Agreement has a 12-month term (which may be terminated by the Company upon 30 days written notice) and is renewable at the mutual-agreement of both parties. Over the four phases of the project, Firestitch will be paid up to $650,000 with 70% paid as cash and, subject to approval of the TSX Venture Exchange (the "TSXV"), 30% satisfied by way of common shares of the Company. The number of common shares to be issued shall be equal to the value of the equity portion divided by the price of the shares, which will be calculated as the average price per share on the TSXV for the five days subsequent to the end of the monthly period (the "Deemed Price"). In addition, Firestitch is eligible for a completion bonus upon completing the project calculated based on 1/3 of the equity portion received and will be satisfied by way of common shares issued at the Deemed Price. Firestitich will also be reimbursed for reasonable out-of-pocket expenses. Firestitch does not currently hold any common shares of the Company and does not have any other direct or indirect interests in the Company. The Agreement and the issuance of common shares is subject to the approval of the TSXV.

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About Firestitch

Founded

2008

Estimated Revenue

$1M-$10M

Employees

11-50

Category

Industry

Information Technology And Services

Location

City

Toronto

State

Ontario

Country

Canada