Syntonic Limited has been informed by Fox Latin American Channels DO Brasil LTDA that it will be discontinuing its FOX Gol App and will not exercise its renewal option for Syntonic's syndicated service, which is set to expire on 30 September 2020. FOX has confirmed the following: Syntonic has satisfied the annual minimum guaranteed revenue share payments associated with the FOX Gol service in Brazil. Syntonic can transition the Brazilian FOX Gol subscriber base to other Syntonic mobile offerings, conditioned on carrier approval. COVID-19's shut-down of South American soccer leagues and tournaments has had a material impact on the Company's business during the past two quarters Given the uncertainty of soccer resuming in South America this calendar year, the Company has been actively divesting its subscriber acquisition investments during the past two quarters to its other content properties. As a consequence, the Company does not foresee any short-term material impact associated with the termination of the FOX agreement.