Michael Hinshaw, President of McorpCX, LLC executed a nonbinding term sheet to acquire McorpCX, LLC from McorpCX, Inc. (OTCPK:MCCX) on February 6, 2020. Michael Hinshaw, President of McorpCX, LLC entered into a definitive agreement to acquire McorpCX, LLC from McorpCX, Inc. for $1.1 million on April 15, 2020. As part of the consideration, McorpCX will receive $0.1 million at the time of sighing definitive agreement, $0.252 million at the time of closing and $0.756 million promissory note. For the year ended December 31, 2019, McorpCX, LLC reported revenue of $3.2 million, total assets of $0.8 million, operating loss of $0.31 million, net loss of $0.31 million and total common equity of $0.33 million. The transaction is subject to the approval of the majority of the outstanding shares of the McorpCX held by disinterested shareholders, the approval of the TSX Venture Exchange, the sale of all of the McorpCX, Inc.'s common shares currently owed by Michael Hinshaw to third parties on terms reasonably satisfactory to the McorpCX and satisfaction of customary closing conditions. The Board unanimously recommends that McorpCX's stockholders vote in favor of the transaction. As of June 29, 2020, the transaction has been approved by the shareholders of McorpCX, Inc. The transaction is expected to close in June 2020. The proceeds from the sale of McorpCX, LLC, are expected to be applied to transaction costs as well as an investment toward becoming a technology services business. Andrew J. Bond of Davis Wright Tremaine LLP acted as legal counsel to the McorpCX. Brian L. Harr of Koley Jessen P.C., L.L.O. served as legal advisor to Michael Hinshaw. Evans & Evans, Inc. acted as financial advisor and fairness opinion provider to McorpCX, Inc. and received a fee of $7,750 in connection with rendering the valuation report. Computershare Investor Services LLC acted as registrar and transfer agent to McorpCX, Inc. Michael Hinshaw, President of McorpCX, LLC completed the acquisition of McorpCX, LLC from McorpCX, Inc. (OTCPK:MCCX) on August 3, 2020. As part of this transaction, at the Annual general Meeting held on June 29, 2020, shareholders passed a resolution and McorpCX, Inc. changed its corporate name to MCX Technologies Corporation.