iSIGN Media Solutions Inc. announced that it received the necessary approval from the TSX-Venture Exchange to acquire this exclusive worldwide Licensing Agreement (Agreement) in perpetuity from SIMBL Business Enablement Inc. (SIMBL) for its Passive Historical Contact Tracing (PHACT) and underlying framework, including SPE Asset Management System for smart location analytics and monitoring Intellectual Property (IP). The PHACT IP, installed at the Prince George airport in British Columbia, provides smart location analytics and monitoring. Conceived as a contact tracing network, the overall platform enables one to monitor the movement, congregation behaviours, and general movements of individuals within a monitored space, while maintaining compliance with all public privacy policies.

PHACT provides real-time and historical information regarding individual movement, dwell, and crowd behavior. PHACT is very applicable to managing public distancing during COVID pandemic lockdowns and security/safety alerts. With this approval, iSIGN and its resellers are now in a position to demonstrate the new technology to a variety of clients, including airports, transit systems, malls, sports stadiums, concert venues, etc.

Under the terms of this arm's length Agreement iSIGN has a right-of-first offer and a right of first refusal (First Rights) in respect for the further acquisition of two additional IP items, on terms and conditions to be mutually agreed upon: Virtual Intelligent In-Home Health Care ("ViiHC"), an advanced personal assistant and appliance designed to work with existing and bespoke wearable and IoT health sensors to create a virtual twin of an individual, aggregating health information, providing reminders and beneficial suggestions, and making recommendations for improved health and well-being, and, Open-source code forks for each of the platforms on offer, allowing for communities to augment and improve the overall utility and developing an ecosystem that provides valuable input and assistance in the development of new product offerings. SIMBL has contracted that they will not use the IP for their own purposes or to issue new licenses to any third party and that any new licenses issued, will be issued through iSIGN. Ownership of the IP will remain with SIMBL while iSIGN's existing forbearance agreement remains in effect.

Ownership of the IP will transfer to iSIGN upon the mutual consent of the parties at a later date which will not be unduly withheld with no further additional payment required for the transfer. The fee for all ongoing maintenance, upgrades and support services to the IP, however, will continue in perpetuity. This Agreement will not result in any transfer of any liabilities or contingent liabilities nor will there be any transfer of existing SIMBL clients From SIMBL to iSIGN.