Clerisy Corporation entered into letter of intent to acquire Global Investments Capital Corp. (TSXV:GLIN.P) in a reverse merger transaction on October 3, 2019. It is currently anticipated that, immediately prior to the completion of the transaction, Global will effect a share consolidation on the basis of one post-consolidation Global Share for every three and one-third pre-consolidation Global Shares. Pursuant to the transaction, one Post-Consolidation Global Share would be issued in exchange for each one outstanding common share of Clerisy. The letter of intent contemplates that prior to the closing of the transaction, Clerisy will complete a brokered private placement of common share in the capital of Clerisy for gross proceeds of not less than CAD 3 million. The resulting issuer will continue to operate the business of Clerisy under the name Clerisy Corporation or such other name as may be determined by Clerisy. The resulting issuer intends to list on TSX Venture Exchange as a Tier 2 Life Sciences Issuer. Upon completion of the transaction, all Directors and Officers of Global (elected or appointed prior to the completion of the transaction) shall resign and each of the Directors and Officers of the resulting issuer shall be nominees of Clerisy. Completion of the transaction will be subject to a number of conditions, including but not limited to, the negotiation and execution of the Definitive Agreement, each of Global and Clerisy being satisfied with the results of its due diligence review of the other party, completion of the Concurrent Financing, acceptance of the transaction by the TSXV, approval of certain matters by the holders of the Global Shares, including the consolidation and the name change, receipt of approval from all necessary Board of Directors, shareholders and regulatory approvals in respect of the transaction, the preparation and filing of a filing statement outlining the definitive terms of the transaction and describing the business to be conducted by the resulting issuer following completion of the transaction, in accordance with the policies of the TSXV and completion of the consolidation of the Global Shares.