Connexa Sports subsidiary signs exclusive distribution pact for padel ball launchers

AIRWA INC.

Slinger Bag Americas appoints Desarrollo y Promocion de Padel as exclusive worldwide distributor (ex-US/Canada) through Feb 2028.
Initial order of 1,140 padel ball launcher units for $285,000, with an additional $285,000 due on delivery.
Distributor commits to purchase a minimum of 40,000 Slinger Bag Padel Tennis Ball Launchers by February 28, 2028.
Agreement automatically renews for successive five-year terms unless either party gives 90-day notice of non-renewal.

item 1.01

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

AIRWA INC. entered into Agreement with Desarrollo y Promocion de Padel S.L. (effective 2023-03-07).

Action: entry
Agreement: supply
Counterparty: Desarrollo y Promocion de Padel S.L.
Effective: 2023-03-07

Exact text from the filing

On March 7, 2023, Slinger Bag Americas Inc., a wholly-owned subsidiary of Connexa Sports Technologies Inc. (the “ Company ”), entered into a distribution agreement (the “ Agreement ”) with Desarrollo y Promocion de Padel S.L. (“ Desarrollo ”).

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Source: SEC EDGAR

accession 0001493152-23-007476

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