On July 9, 2021, Life Clips filed an Information Statement on Form 14C announcing a 1 for 15 reverse split of the Company’s common stock. Life Clips currently has 1,322,822,904 common shares issued and outstanding. The Company believes this is an unmanageable number of shares, and almost certainly precludes obtaining favorable terms on investment capital, as well as future acquisitions. Therefore, it was decided to effectuate a 1 for 15 reverse split.