CurrencyWorks Inc. announced that effective as of December 10 2020, the Company entered into a business services agreement with Business Instincts Group Inc. whereby the Company retained the services of BIG to provide various business and product development services. The term of the business services agreement, the services to be provided by BIG under the business services agreement and the amounts to be paid to BIG for providing the services under the business services agreement will be set out separately in the future as separate schedules to the business services agreement. The Company and BIG have agreed that the Fees be calculated based on new business services agreements the Company signs with its customers and such Fees will not be more than eighty percent of the fees that the Company charges its customers. The Company expects that the Fees will be eighty percent of the fees that the Company charges its customers for most of its customers. Under the business services agreement, the Fees are to be calculated only on the revenue earned and collected by the Company from the Company's customers that relates to monthly services fee and product development fees and the Fees will not be calculated on any revenues earned and collected by the Company from the Company's customers that are based on transaction processing fees or any revenue earned in the form of equity or joint venture or profit-sharing arrangements in the Company's customer's company.