Destiny Media renews Universal Music Group agreement with 10% fee increase through 2024

DESTINY MEDIA TECHNOLOGIES INC

Renewed and extended Online Content Distribution Services Agreement with Universal Music Group Recording Services until March 31, 2024.
Monthly service fees increased 10% effective April 1, 2022 for Year 1 (to March 31, 2023).
Potential additional 2.5% fee increase in Year 2 (April 2023–March 2024) if usage targets met.
Either party may terminate the agreement at March 31, 2023 with notice by December 31, 2022.

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