Fobi Ai Inc. (TSXV:FOBI) signed an Agreement to acquire PassWallet from Quicket GmbH for ?0.88 million on October 5, 2021. As per terms of transaction consideration of ?0.888 million will be paid as follows ?0.3552 million will be paid in cash and ?0.5328 million will be paid in 301480 common shares of Fobi. The closing of the Transaction is subject to and will occur following receipt of TSXV approval. Combining the acquisition of PassWallet with the global strategic partnerships and alliances already announced by Fobi to date, the Fobi Ai Inc. has an opportunity to pursue the unbanked digital wallet opportunity with some of the top payment companies in the world. With this acquisition, it will provide Fobi with greater opportunities and applications leveraging the mobile wallet, including entry into additional markets at an even faster pace. The transaction is subject to exchange approval. Fobi Ai Inc. (TSXV:FOBI) completed the acquisition of PassWallet from Quicket GmbH on November 8, 2021.