NOTE 15 – MATERIAL SERVICE AGREEMENT

In July 2026, the Company entered into a service agreement with Phoenix Theatre Company for the implementation, configuration, integration, and ongoing support of a technology platform. The agreement provides for aggregate consideration of up to $350,000, consisting of an initial implementation fee of $50,000, milestone-based fees totaling $75,000, and ongoing service fees totaling $225,000 over the term of the agreement.

During the three months ended July 31, 2026, the Company completed the initial implementation and configuration services and recognized $50,000 of revenue upon satisfaction of the applicable performance obligation. As of July 31, 2026, the related $50,000 remained outstanding and was included in accounts receivable.

As of July 31, 2026, the remaining milestone and ongoing service fees had not been recognized as revenue and will be recognized in future periods as the applicable performance obligations are satisfied in accordance with the terms of the agreement.