Mr. James Boyce reports
VENTURE CAPITAL, SERVICES, AND MANDATE AGREEMENT
Totally Hip Technologies Inc. has entered to a venture capital, service and mandate agreement, providing
for corporate, financial and technology development assistance and services with three venture companies to assist the companies with identifying suitable
acquisitions, conducting due diligence, and providing administration, management, and, where
necessary, technology development and related services. Totally Hip has also agreed to
provide venture capital and stock exchange listing assistance. The vencap listing agreement
provides Totally Hip with the right to provide up to 80 per cent of start-up, interim and other financings
for each of the companies for a minimum of three years from listing on a stock exchange.
The three companies, Brooksbab Enterprises Inc., Eagle Blockchain Enterprises Inc. and
1132876 B.C. Ltd., are reporting issuers in British Columbia and Alberta, spun out from Totally
Hip in 2017 by way of a plan of arrangement approved by the Supreme Court of the Province of
British Columbia. The vencap listing agreement provides varying compensation for each of the
companies, and success fees for Totally Hip, and replaces prior agreements and understandings.
We seek Safe Harbor.
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