The Mint Corporation entered into a debt settlement agreement with Mobile Telecommunications Group LLC, Global Business Services for Multimedia, Mint Middle East LLC, and Mint Gateway for Electronic Payment Services, dated August 31, 2021. Pursuant to the Debt Settlement Agreement, the Company will settle the following debts which are currently outstanding: Approximately CAD 20,000,000 in aggregate principal of outstanding series A debentures (plus all accrued and unpaid interest) held by the Creditors; Aggregate debt of approximately CAD 7,000,000 in principal (plus all accrued and unpaid interest) comprised of: Convertible subordinate secured debentures and an unsecured promissory note; and Certain loans payable to the Creditors. In total, the Company anticipates that it will settle an aggregate of approximately CAD 30,000,000 of debt burden upon closing of the Debt Settlement through a one-time cash payment or through a payment in kind of certain assets received from MME or MGEPS, or a combination of the foregoing, in the amount of USD 10,000,000 to the Creditors pursuant to the terms and conditions of the Debt Settlement Agreement.