Phivida Holdings Inc. (‘Phivida') and Namaste Technologies Inc. (‘Namaste') announce that it has signed a Global Digital Reseller-Supply Agreement. As key terms in the agreement, Namaste has been approved as the preferred global online retailer and digital affiliate marketing partner for Phivida's product line of premium hemp-derived Cannabidiol (‘CBD') infused functional beverages and clinical heath products. The agreement includes a global online territory, targeting the launch in Germany and Australia (the ‘Territories').

Phivida CBD beverages, extracts, juices and shots are professionally formulated by health care practitioners, made with premium ingredients, tested for quality, safety and manufactured to GMP standards. This Agreement represents a strategic initiative between both companies to promote high quality CBD products through Namaste's platform and to the Company's existing databases of users within the Territories. CBD is a cannabinoid compound which can be derived from both cannabis and hemp plants and plays a vital role in the emerging global medical cannabis market.

With Phivida's management team having a strong background from the beverage industry and branding, including former senior executives from Redbull, Proctor and Gamble and McKesson's, Namaste is pleased to be able to offer Phivida's premium CBD beverages and infusions to its patients and practitioners globally, with an initial launch in Australia and Germany. Terms of the Agreement: Namaste has exclusive rights for online retail of Phivida's products in the Territories, The Agreement is valid for a 24-month period, The Agreement payment terms are net 30 days, Namaste shall be responsible for delivery costs, Namaste will under no circumstance retail PHIVIDA products for a price that is less than the regular retail price at which the products are advertised on PHIVIDA's website, The Agreement states that all online product marketing expenses within the Territories will be shared equally between PHIVIDA and Namaste, The Agreement is subject to obtaining a legal opinion from a designated legal firm, agreed to by both Parties.