Item 8.01 Other Events
Touchpoint Group Holdings Inc. is pleased to report that on Friday, May 6, it
received the initial payment of Aus$ 1,000,000 (US$720,000) due pursuant to a
Host City Agreement entered into with respect to an Air Race World Championship
event to be held in Lake Macquarie, Australia during 2022. The event is the
first of three Air Race World Championship events anticipated to be held in Lake
Macquarie. The second and third events are scheduled to be held in 2023 and
2024. Funding for this year's event is being provided by the NSW Government's
Regional Events Acceleration Fund.
In addition to an annual event fee of Aus$2,500,000 (US$1,800,000), Touchpoint
anticipates that it will derive additional revenues each year through
sponsorship fees, merchandizing, concessions and broadcasts of the races.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
10.1 Host City Agreement dated March 28, 2022, with respect to Air Race
World Championship events to be held in New South Wales (to be filed by
amendment).
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