Nutritional Growth Solutions Limited announced that is has entered into an exclusive Intellectual Property License Agreement with The Healthy Chef Pty Ltd. to exclusively produce and distribute The Healthy Chef products in the United States and Canada. The exclusive IP Licence will enable NGS to maximise its USA infrastructure and significantly fast track the path to positive cashflow and profitability with increased scale. The Healthy Chef provides a cornerstone comprehensive branded business that is: Highly complementary to the existing NGS business and Healthy Heights® brand portfolio Synergistic opportunities to scale with operational cost optimization.

Increased quality revenue expected to be above USD 1 million in the first year of trading. High margin and profit accretive . Combined online and offline distribution network in the USA with cross-selling opportunities.

Capable of seamless transition and integration with current USA operational model. No significant additional corporate costs to grow the business at scale NGS will engage the founder of The Healthy Chef, Teresa Cutter, as a consultant to provide the Company with services such as brand ambassadorship, and product and recipe development under a consulting services deed. NGS has entered into a 3-year license for all of The Healthy Chef intellectual property, allowing NGS to sublicence, manufacture and sell all The Healthy Chef® products exclusively in the United States and Canada.

NGS will retain 90% of all net revenue generated from these sales, with the remaining 10% distributed to the relevant licensors of The Healthy Chef intellectual property. If royalties do not reach USD 150,000 at the end of each 12-month period, NGS will pay the licensor a top-up royalty payment. Following the three year initial term, the IP License Deed will automatically extend for additional periods of one year unless either party provides notice to terminate.

Teresa Cutter, the co-founder of The Healthy Chef has been engaged as the USA Brand Ambassador and for product development services on a commercial basis as an independent contractor for a period of three years, with a right to extend the term for a further one year.