FLEX NATION

[Robertscott]

$SMCE Acquisition closing of White Hat Vision LLC and Song1 LLC. As stated in the Company’s press
release dated 11/4/2019, we executed a Letter of Intent to acquire White Hat Vision LLC and Song1
LLC. The closing process involves the creation and execution of multiple agreements including but not
limited to membership unit purchase agreements, patent assignment and intellectual property transfer
agreements. We expect multiple attorneys to be involved representing the sellers and the Company.
These activities will take time, however, our intention is to close the transaction expeditiously without
compromising the due diligence process.