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Wednesday, March 02, 2022 8:29:21 PM
On January 20, 2022, the Company issued a press release outlining its intention to acquire 100% of DHS Development Inc. and its
affiliated companies (“Target”). In exchange, the Company will issue up to 30% of its common stock by issuance of a new class of
convertible preferred shares having anti-dilution protection for a fixed term. The transaction will be accounted for as an acquisition
whereby the Target will be the Predecessor entity and its operations will be presented as prior year operations in the Successor
consolidated financial statements. Due diligence is ongoing and the transaction is expected to close in March 2022.
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