iSIGN Media Solutions Inc. announced that on March 30, 2022 the Company signed an exclusive worldwide Licensing Agreement ("Agreement") in perpetuity with 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 provides smart location analytics and monitoring. Conceived as a contact tracing platform, 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. 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 wellbeing, 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. The First Rights in respect of the above may be exercised in respect of either or both of the additional IP, as the parties may determine.

Acquisition would be subject to the approval of the TSX-Venture Exchange ("TSX-V"). Under the terms of the Agreement, 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. iSIGN will be acquiring this Agreement by the issuance of 19.1 million common shares from treasury with a deemed value of $0.05 per share for a value of $955,000.

Additionally, iSIGN will issue a further 3.390 million common shares from treasury to settle an outstanding debt of $169,500 for technology services rendered by SIMBL as of the end of January 2022. The shares issued under this Agreement, totaling 22.490 million will result in SIMBL owning 9.93% of the resulting outstanding shares of the Company. Under the terms of the Agreement, SIMBL has agreed to provide all ongoing maintenance, upgrades and support services to the IP for the duration of the Agreement, at a fee of 10% of revenues generated from their technology.

The 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.