LQR House enters $2.4M services agreement with X-Media for Bevage alcohol product marketing

LQR House Inc.

LQR pays $2,400,000 upfront cash to X-Media for e-commerce and website development services.
Services are for marketing a new alcoholic beverage product under Bevage LLC Brands.
Agreement has a two-year initial term; payment is non-refundable.
Scope includes membership program, influencer marketing, SEO, social media ads, and email campaigns.
LQR is responsible for all advertising budgets and media expenses beyond the fee.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LQR House Inc. entered into Services Agreement with X-Media Inc. valued at USD$2,400,000 (effective 2023-10-15).

Action: entry
Counterparty: X-Media Inc.
Value: USD$2,400,000
Effective: 2023-10-15

Exact text from the filing

On October 15, 2023, LQR House Inc. (the “Company” or “LQR”) entered into a services agreement (the “Services Agreement”) with X-Media Inc. (“X-Media”) pursuant to which the Company engaged X-Media to provide e-commerce services and website development services to the Company for the purposes of marketing of a new alcoholic beverage product (the “Services”). In consideration for the Services, the Company paid X-Media a cash fee of USD$2,400,000 upon signing the Services Agreement.

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Source: SEC EDGAR

accession 0001013762-23-004407

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