Interlapse Technologies Corp. (TSXV:INLA) entered into a share exchange agreement to acquire LQwD Financial Corp. from Shone Anstey, Dean Sutton, Kim Evansfor, Albert Szmigielski and other 12 shareholders for CAD 9.2 million on November 23, 2020. As consideration, shareholders of LQWD will receive one Interlapse Share for every one LQWD Share held, which would result in the issuance of an aggregate of 22.4 million Interlapse Shares. In addition, LQWD's outstanding milestone-based performance warrants exercisable to acquire up to 4 million LQWD Shares at a price of CAD 0.15 per share until January 2, 2025, upon closing of the Transaction, will be automatically adjusted to be exercisable into Interlapse Shares on a one-to-one basis. These Interlapse Shares to be issued to the LQWD securityholders under the Transaction will be subject to restrictions on resale, including escrow restrictions imposed by applicable securities laws and the TSX-V. Interlapse Shareholders will hold common shares representing approximately 53.75% of the outstanding common shares of the Resulting Issuer following the completion of the Transaction. Upon completion of the transaction, LQWD will become a wholly owned subsidiary of Interlapse. Upon completion of the Transaction, the Resulting Issuer will change its name to "LQwD FinTech Corp." or another name selected by LQWD. At June 30, 2020, LQWD had total assets of CAD 42,106. Meeting of shareholders is to be held on February 8, 2021. Upon completion of the Transaction, it is anticipated that the following individuals will be appointed as directors and officers of the Resulting Issuer: Shone Anstey as director and Chief Executive Officer, Dean Sutton as director and President, Barry MacNeil as chief financial officer, Albert Szmigielsk as chief technical officer, Giuseppe (Pino) Perone, Kim Evans and Ashley Garnot. The Transaction is subject to a number of terms and conditions, including approval by Interlapse board, Interlapse shareholders, third party approvals, consummation of due diligence, maximum balance sheet requirements, listing/approval of new shares on stock exchange, Interlapse directors resignation, the completion of a concurrent financing generating minimum proceeds of CAD 3 million and maximum proceeds of CAD 5 million and the approval of the TSX-V and other applicable regulatory authorities. The special meeting of Interlapse Technologies shareholders to approve the transaction will be held on May 24, 2021. As of May 25, 2021, the shareholders of Interlapse approved the deal, 99.93% of shares represented at the meeting voted in favor of the acquisition in LQwD Financial. Shareholders reappointed De Visser Gray LLP as auditors of Interlapse. It is expected that Manning Elliott LLP will be appointed auditors following completion of the transaction. Stefan McConnell of Miller Thomson LLP acted as legal advisor to Interlapse. Julie Bogle of Borden Ladner Gervais LLP acted as legal advisor to LQwD Financial. LQwD FinTech Corp. (TSXV:LQWD) completed the acquisition of LQwD Financial Corp. from Shone Anstey, Dean Sutton, Kim Evansfor, Albert Szmigielski and other 12 shareholders on June 9, 2021. LQwD FinTech has changed its name from "Interlapse Technologies Corp." to "LQwD FinTech Corp." and will continue to be listed as a Tier 2 technology issuer under the policies of the TSX Venture Exchange. The new trading symbol is "LQWD".