NFT Technologies Inc. (NEOE:NFT) entered into a definitive agreement to acquire RUN IT WILD PTY LTD. from Adam de Cata on July 7, 2022. On closing of the Transaction, NFT Tech will issue 10,000,000 common shares and a cash payment of CAD 2 million subject to adjustment in exchange for acquiring all of the issued and outstanding shares of Run it Wild. The Earn-Out Payment payable by NFT Technologies to RUN IT WILD shall be equal to CAD 1 million for every CAD 2 million in revenue generated by the Agency Business of the Company during the Earn-Out Calculation Period, up to an aggregate maximum Earn-Out Payment of CAD 5 million. Pursuant to the Agreement, in connection with the Transaction certain key employees of Run It Wild, including Mr. De Cata, will enter into new employment agreements with NFT Tech to continue to provide services to NFT Tech. Adam De Cata, founder and director of RUN IT WILD is appointed as Chief Executive Officer of NFT Tech, effective immediately. Adam replaces Mario Nawfal, who will serve as a strategic advisor to NFT Tech. The transaction is subject to Execution of Employment Agreement, Lock-up agreement, approval by Exchange, and approval of listing of the Consideration Shares for trading on the Exchange. As on January 13, 2023, the NFT Technologies Inc. (NEOE:NFT) and Vendor have entered into an amending agreement in which earnout payments which were included previously were removed. The agreement is also to extend the outside date for closing of the transaction to February 24, 2023. Gary Gill of Sangra Moller LLP acted as legal advisor to NFT Technologies. Michael Bacina of Piper Alderman acted as legal advisor to Adam de Cata.

NFT Technologies Inc. (NEOE:NFT) completed the acquisition of RUN IT WILD PTY LTD. from Adam de Cata on February 16, 2023. On closing of the Transaction, NFT Tech will issue 10,000,000 common shares and a cash payment of CAD 50,000 in exchange for acquiring all of the issued and outstanding shares of Run it Wild.