ImagineAR Inc. announced its first UK Soccer Team client, the Queens Park Rangers of the EFL Championship League, will integrate AR Fan Engagement Campaigns this season focused in their Fan zone. This revenue-sharing agreement makes the Queens Park Rangers the first UK Professional Soccer team to integrate the ImagineAR Augmented Reality SDK Platform to deliver fan immersive experiences. ImagineAR announced it has signed a media service agreement with Sully Entertainment Group LLC dated August 23, 2023, to provide national/international communications services and broadcast services.

In consideration for the services provided by Sully, the company will make an initial cash payment of $20,000, and $6,000 monthly payments for a six-month period. The Company will also issue 1,400,000 restricted common shares of the Company at a deemed price of CAD 0.05 in two allotments, one for 700,000 at the end of the first three months on December 1st, 2023, and the remaining 700,000 at the end date of the agreement term being March 1st, 2024. The stock restriction period is four months hold upon issuance.

The Company has entered into an agreement with Gurdip (Gary) Panaich, a director of the Company, and another individual pursuant to which the Company will issue 5,000,000 shares to each of them at a deemed price of $0.05 per share for them providing a refundable deposit into escrow on behalf of the Company for the potential purchase of a property located in the Southern United States. The shares will be subject to a four month hold period.