RC365 Holding Plc announced that it has signed a non-binding Letter of Intent ("LOI") with YouneeqAI Technical Services Inc. The LOIsets out the terms, subject to technical and legal due diligence, on which the Company will acquire the exclusive rights to YoouneeqAI's IP and Platform in the UK,with a right of first refusal to purchase additional territories. YouneeqAI will provide the exclusive rights to its platform in the UK and a right of first refusal to purchase additional territories; YouneeqAI will provide marketing materials, training and upkeep of the maintenance activities for the platform; The consideration payable will be satisfied by the issue of 6,000,000 new ordinary shares in RC365, of which 3,000,000 new ordinary shares are to be issued on the signing of the acquisition agreement, with the remaining 3,000,000 new ordinary shares being issued on or around 29 February 2024; YouneeqAI will be entitled to receive cash consideration equal to 1% of revenues (excluding VAT) generated from the use of the platform by RC365; The Agreement, which is expected to be signed by the end of October 2023, shall be for a term of 10 years.