American Aires Inc. announced a Partnership Agreement with HUCK Project LLC (HUCK), whereby HUCK becomes the Company's non-exclusive global retail-only distribution partner. The partnership agreement is largely an extension of the working relationships already established between the Company and HUCK as it has been managing day-to-day operations of the Company's Shopify store and overseeing the entire sales, marketing and advertising functions since 2021. The agreement also gives complete flexibility over partnership economics to the Company through a set of two royalties, both to be set monthly by the Company.

All of the Intellectual Property, Trademarks and Patents, including the Shopify store remain with the Company. Key points of the agreement: The Company shall grant to HUCK a non-exclusive, sublicensable licence to make, use, advertise, sell, promote, manufacture, the Intellectual Property, and to offer the Retail E-Commerce Services, worldwide. HUCK shall acquire from the Company all inventory of the Company (including current, in-transit and pending inventory) for the sum of CAD 684,038.

HUCK shall maintain sufficient inventory to ensure the ongoing operation of the Company's store in a commercially reasonable manner. The Company to permit HUCK to submit orders directly to UAB Technano for the manufacture of Lifetune-branded products. HUCK shall pay to the Company a monthly royalty rate.

The Net Royalty shall comprise a cash royalty portion and a special royalty portion as negotiated by the Parties.