Alpha Peak Capital Inc. entered into a binding letter of intent to acquire UniCrypt on January 10, 2022. Alpha Peak and UniCrypt will combine their business operations resulting in a reverse takeover ("RTO") of Alpha Peak by UniCrypt and its shareholders. Pursuant to the terms of the LOI, it is intended that Alpha Peak and UniCrypt will enter into a business combination by way of an arrangement, amalgamation, share exchange or other similar structure which will result in UniCrypt becoming a wholly owned subsidiary of Alpha Peak or otherwise combining its corporate existence with that of Alpha Peak.

The final structure of the business combination is subject to receipt by the parties of tax, corporate, and securities law advice and will be agreed to pursuant to definitive transaction documents expected to be executed in the short term. The issuer resulting from the Transaction will carry on the current business of UniCrypt. Prior to the completion of the Transaction the parties will complete a private placement.

Completion of the Transaction and the Concurrent Financing is subject to a number of conditions, including but not limited to, receiving all required shareholder, regulatory, and other approvals. There can be no assurance that the Transaction or the Concurrent Financing will be completed as proposed or at all.