Midpoint Holdings Ltd. (TSXV:MPT) entered into a purchase agreement to acquire Blockchain World Ltd from shareholders on December 14, 2021. The Midpoint Holdings will pay a consideration of 10 million common shares to the shareholders. The consideration shares will be subject to restrictions on resale until the date which is six (6) months from the closing date of the transaction. In addition to the consideration shares, the shareholders will also be entitled to receive the following additional common shares (the "Performance Shares") subject to the satisfaction of the following performance milestones: (a) 5 million performance shares will be issuable to the shareholders upon the official launch of the website domain "blockchain.com.au" (or such earlier date as mutually agreed upon by the parties), in the event such official launch occurs within 9 months of the closing date of the transaction; (b) 5 million performance shares will be issuable to the Vendors upon the official launch of the website domain "blockchain.eu" (or such earlier date as mutually agreed upon by the parties), in the event such official launch occurs within 9 months of the closing date of the transaction; 5 million performance shares will be issuable to the shareholders upon the achievement by BWL of CTV or AUM of no less than CAD 20 million within 24 months of the official launch; and 5 million performance shares will be issuable to the shareholders upon the achievement by BWL of CTV or AUM of no less than CAD 50 million within 30 months of the occurrence of the official launch. The transaction will not result in the creation of a new insider, or a change of control, of the Company, within the meaning of applicable securities laws. Completion of the transaction remains subject to the approval of the TSX Venture Exchange and cannot be completed until such approval has been received. No finder's fees or commissions are payable in connection with the transaction. As announced December 14, 2021, Domenic Carosa has joined the Midpoint board of directors as a non-executive director. As of November 17, 2022, Blockmate appoints Justin Rosenberg as CEO. As announced November 2nd, 2022 that it has successfully satisfied two of the previously established performance milestones (collectively, the “Milestones”) related to its acquisition of Blockchain World Ltd. (“BWL”). As a result of the satisfaction of the Milestones, the Company has issued 10,000,000 common shares (the “Performance Shares”) to the former shareholders of BWL as agreed at the time of purchase. The Performance Shares are subject to restrictions on resale until March 18, 2023 in accordance with applicable securities laws. For further information regarding the acquisition of BWL and the associated Milestones, readers are encouraged to review the news release issued by the Company on March 15, 2022.

Midpoint Holdings Ltd. (TSXV:MPT) completed the acquisition of Blockchain World Ltd from shareholders on March 15, 2022.