FDCTech, Inc. (OTCPK:FDCT) signed a binding letter of intent to acquire Alchemy Markets DMCC, Alchemy Prime Ltd. and Alchemy Markets Ltd. from Gope S. Kundnani. on September 28, 2023. FDCTech announced the definitive agreement to acquire a 100% of Alchemy Markets DMCC (Alchemy UAE), 100% of Alchemy Prime Ltd. (Alchemy UK), and 49.90% of Alchemy Markets Ltd. on September 30, 2023. FDCTech, Inc. (OTCPK:FDCT) will acquire 100% of Alchemy Markets DMCC (Alchemy UAE), 100% of Alchemy Prime Ltd. (Alchemy UK), and the remaining 49.90% of Alchemy Markets Ltd. (Alchemy Malta), collectively known as Alchemy Group. The Company will issue 1,700,000 shares of its Series B Preferred stock, or such other number of shares that the parties agree upon to shareholder(s) of Alchemy Group, for the acquisition. The Merger is subject to and conditioned on the following: a. negotiation and execution of the Definitive Agreement; b. the approval of the shareholders of FDCT to the following items: (i) the Amended and Restated Articles of Incorporation, including the Share Increase and the Name Change, (ii) the Amended and Restated Bylaws, (iii) the 2023 Stock Plan, and (iv) the Post-Merger Board; c. upon closing, FDCTech will change its name to Alchemy Fintech Holdings and change its Ticker Symbol to reflect the new name ? ACMY or ALCM (available); d. the purchase of directors? and officers? insurance by FDCT in amounts acceptable to all parties hereto; e. FDCT and Alchemy to be valued at $35 million and $350 million, or in its discretion, FDCT may obtain an opinion from a qualified financial adviser as to the fairness of the Merger and related transactions from a financial point of view; f. FDCT obtaining at least a $21 million debt facility directly qualified financial institution for the combined entity, which has a proforma $30,000,000 cash on hand, over $12,000,000 EBIT, and three-year CAGR of 100% ; g. each party?s completion and satisfaction with the result of its due diligence investigations are within the sole discretion of such party to determine whether the results of the due diligence investigations are satisfactory; h. transaction is subject to regulatory approvals as per the regulatory status of each entity. Upon finalizing the merger, the existing management team and board of directors will continue to oversee and manage the Company?s operations. Effective as of the date of the Merger, subject to shareholder approval, FDCT will adopt a 2023 Stock Option Plan (the ?2023 Stock Plan?) under which FDCT shall reserve 20% of the issued and outstanding shares of its common stock shall be reserved for grants to employees, board members, and consultants. Either party may terminate this LOI and the negotiations concerning the transactions contemplated hereby by providing written notice to the other party if the parties have not entered into the Definitive Agreements on or before October 31, 2023.

FDCTech, Inc. (OTCPK:FDCT) completed the acquisition of Alchemy Markets DMCC, Alchemy Prime Ltd. and Alchemy Markets Ltd. from Gope S. Kundnani on October 5, 2023. The Company will issue 1,800,000 shares of its Series B Preferred stock, or such other number of shares that the parties agree upon to shareholder(s) and employees of Alchemy Group, for the acquisition.