UniDoc Health Corp. announced its entry into a Memorandum Of Understanding ("MOU") under the offices of Her Royal Highness, Nana Hemaa Kwasi Bozoma III, Ndweafo Royal Stool, Ekpu, Western Region, Republic Of Ghana and Nana Angate Kpanyinli III (the "Partner"). The MOU sets forth terms and conditions to conduct tests of the UniDoc Virtual Care Solution kiosk system with the intent to formalize a definitive agreement on or by April 16, 2022. It is proposed that the definitive agreement will consist of between 250 to 400 kiosk locations and the Partner will agree to register no less than 2,000,000 patient subscribers. Medical personnel for the project will be coordinated by the Partner. The Republic of Ghana provides access to a universal health care system under the National Health Insurance Scheme (NHIS). In 2012, over 12 million Ghanaian nationals were covered by the NHIS, with urban centres containing most of the hospitals, clinics, and pharmacies in Ghana. There are over 200 hospitals in Ghana and in 2014 there was an estimation of 11 physicians and 104 nurses per 100,000 persons with 5.2% of Ghana's GDP spent on healthcare. The "Virtual Care Solutions Model" is a proprietary customizable and comprehensive telehealth solution that integrates a range of physical products, web-based services, and analytical tools, along with access to the Company's developing network of healthcare providers, pharmacies, and hospitals. The MOU, which was entered into on March 16, 2022, provides for a subsequent binding agreement which will outline the commercial details, testing and implementation of the Virtual Care Solutions Model kiosks in independent locations and other locations throughout Ghana encompassing all kiosks assigned, associated, or affiliated with the Partner who shall have the
rights to use of the Virtual Care Solutions Model in Ghana and elsewhere where both parties agree on the commercial terms. The Company proposes to offer leasing, subscription fee, and/or revenue sharing models to Partner and such definitive terms which the Parties agree to by using reasonable commercial efforts to negotiate in good faith prior to completion of the Transaction.