Blockchain Loyalty Corp. (OTCPK:BBLC) entered into a letter of intent to acquire Beauty Kitchen Uk Limited on February 13, 2023. The merger agreement consists of a value of USD $10,000,000 in a mix of Consideration Shares and cash as the final offering price to Heather Marianna LLC, DBA Beauty Kitchen. The final breakdown of the percentage of cash to Consideration Shares will be finalized in the Definitive Agreement; with both parties eager to close on or before April 7th, 2023. It has been agreed that if the offering price of BBLC stock at closing is below the market price listed in the Definitive Agreement with Heather Marianna LLC, DBA Beauty Kitchen; additional shares will be issued to meet the terms. Both parties are committed to expediting the closing of this binding letter of intent with respect to the terms of the proposed transaction herein. The transaction is expected to close on April 7th, 2023.

Blockchain Loyalty Corp. (OTCPK:BBLC) cancelled the acquisition of Beauty Kitchen Uk Limited on August 24, 2023.