Marathon Digital Holdings Inc (MARA)

[postyle]

Marathon Patent Group and Uniloc Terminate Proposed Business Combination

http://ir.marathonpg.com/news/detail/1108

February 23, 2016

LOS ANGELES, CA and LUXEMBOURG CITY -- (Marketwired) -- 02/23/16 -- Marathon Patent Group, Inc. (NASDAQ: MARA) ("Marathon"), and Uniloc Luxembourg SA, announced today that they have terminated their proposed business combination.

"We have enormous respect for Uniloc, its management and its intellectual property" said Doug Croxall, Chairman and Chief Executive Officer of Marathon. "Uniloc and Marathon share a common vision of data-driven success in patent licensing. While the timing might not have worked at this juncture, we will remain in contact with Uniloc and its executive team about future possibilities."

Neither Marathon nor Uniloc is entitled to a breakup or termination fee.