Friendable, Inc. (OTCPK:FDBL) entered into an agreement to acquire substantially all the assets of Artist Republik Inc. on December 17, 2021. Upon closing, Friendable, Inc. will issue shares of Friendable common stock to Artist Republik and certain creditors of Artist Republik (the “Seller”) equal to 37% of the number of issued and outstanding shares of Friendable, Inc. on the day prior to closing. At the end of 12 months following the closing, in the event the number of shares issued to Seller at the closing has been diluted below 25% of the total outstanding common shares as of such date, Friendable, Inc. shall issue to the Seller that additional number of shares necessary so that the number of shares issued to Seller is not less than 25% of the then-total issued and outstanding shares of the Company.

For a period of 12 months from the closing date, the holders of the shares issued pursuant to the acquisition agreement shall be limited to selling not more than 10% of the average daily trading volume, in the aggregate, on any given trading day. The transaction is subject to certain additional due diligence by Friendable, Inc. and the receipt of certain third-party consents and releases. Jonathan Leinwand of Jonathan D Leinwand P A acted as legal advisor to Friendable, Inc., Inc. David Hirsch of Hinckley, Allen & Snyder LLP acted as legal advisor to Artist Republik.