Metaversive Networks Inc. executed a binding letter agreement to acquire Better Plant Sciences Inc. (CNSX:PLNT) in a reverse merge transaction on February 14, 2022. FreedomX Metaversive Networks Inc. (formerly called Metaversive Networks Inc.) entered into a definitive merger agreement to acquire Better Plant Sciences Inc. for CAD 5.9 million in a reverse merger transaction on April 26, 2022. Under the terms of the Letter Agreement, the transaction will be completed by way of a three-cornered amalgamation, where, 1233392 B.C. Ltd., a wholly owned subsidiary of Better Plant Sciences Inc. will amalgamate with Metaversive to form one corporation (“Amalco”) and Better Plant will acquire 100% of the issued and outstanding common shares of Metaversive from the holders of the Metaversive Shares in exchange for common shares of Better Plant on a 1:1 basis. In connection with the transaction, Better Plant will reconstitute its board of directors and senior officers and promptly following the closing of the transaction, Better Plant will change its corporate name and merged entity will conduct its business under the new name. Better Plant Sciences Inc. will change its name to FreedomX Metaversive Inc. prior to completion of the Transaction. At the conclusion of the Transaction, the largest shareholder of the Resulting Issuer will be Ztudium Limited, a software development company incorporated under the laws of England, and owned by Dinis Guarda, who is the Chief Executive Officer of FreedomX Metaversive Networks Inc. On completion of the Amalgamation, each previously issued common share of Subco owned by the Company will be cancelled and the Company will receive one common share of Amalco for each common share of Subco held by it. In addition, each previously issued Metaversive Share will be cancelled and each Metaversive Shareholder will receive one common share of the Company for each Metaversive Share formerly held by them. The outstanding warrants and options of Metaversive will be exchanged into warrants and options of the Resulting Issuer on an identical basis. Upon completion of the Transaction, the board of directors and management of merged entity will be comprised, in part, Dinis Guarda as Director and Chief Executive Officer; Cole Drezdoff as Director; Spiros Margaris as Director; Penny White as Director and President; Sonesh Sira as Vice President, Partnerships; Heather Williamson as Vice President, Corporate Finance and Corporate Secretary and Hilton Supra as Director and Chief Strategy Officer.

The completion of the transaction is subject to the satisfaction of various conditions that are customary for a transaction of this nature, including but not limited to (i) the negotiation of an amalgamation agreement that will supersede the Letter Agreement and set out in full the terms of the Transaction (ii) the delivery of audited financial statements of Metaversive; (iii) the completion of a consolidation of Better Plant Sciences Inc. Shares at the ratio of one (1) new share for every two (2) existing shares; (iv) the approval of the transaction by a special majority of the shareholders of Metaversive; and (v) the receipt of all requisite regulatory, stock exchange or governmental authorizations and consents, including the authorization and consent of the CSE and approval of shareholders of PLNT. Parties anticipate entering into the Amalgamation Agreement on or before March 23, 2022, with the closing date of the transaction scheduled to occur no later than May 6, 2022.