Viewbix Ltd., entered into a share exchange agreement to acquire Virtual Crypto Technologies Inc. (OTCPK:VRCP) in a reverse merger transaction on February 7, 2019. Pursuant to the terms of the acquisition, Virtual Crypto Technologies (VCT) will acquire 99.83% stake in Viewbix Ltd., from Algomizer Ltd. In exchange for the stake in Viewbix Ltd., Virtual Crypto Technologies will issue its 65% issued share capital on a fully diluted basis on the closing date, excluding VCT warrants to purchase shares of common stock, which will expire in 2020 and with an exercise price representing a valuation for VCT equal to $30 million (“Fully Diluted Share Capital”). In addition, upon the earlier of: (a) the launch of a live video product to an American consumer in the U.S by Viewbix Ltd., or (b) the launch of an interactive television product to an American consumer in the U.S Viewbix Ltd., VCT will issue Algomizer additional shares of restricted common stock of VCT representing 5% of the Fully Diluted Share Capital. Furthermore, on the closing date, the VCT will issue Algomizer: (i) warrants to purchase shares of restricted common stock of the VCT with an exercise price representing a valuation for VCT of $15 million on Fully Diluted Share Capital basis, which will represent 10% of the Fully Diluted Share Capital immediately following the closing for a period of ten years, and (ii) warrants to purchase shares of restricted common stock of the VCT with an exercise price representing a valuation for the VCT of $25 million on Fully Diluted Share Capital basis, which will represent 10% of the Fully Diluted Share Capital immediately following the closing for a period of ten years. All outstanding debentures of VCT in the aggregate principal amount and accumulated interest will be converted into shares of restricted common stock of VCT (as of March 31, 2019, such amount, with the interest accumulated up to that day, is expected to equal to $0.513 million convertible into 51.4 million shares of restricted common stock of VCT). VCT shall conduct a reverse split of its shares of common stock at a ratio of 15:1, such that each fifteen outstanding shares of common stock shall be converted into one share of common stock. On the closing date, VCT shall file an amendment to its certificate of incorporation to change the name of VCT to ViewBix Inc., following the receipt by VCT of the approval its shareholders for such name change. Effective as of the closing date, the Board of VCT will consist of four members. A resignation letter from Eyal Ben Ami, a current Director of VCT, effective as of the closing date, shall be provided prior to the closing. The closing of the agreement is conditioned upon VCT filing an amendment to its certificate of incorporation to change the VCT’s name to ViewBix Inc., effecting a reverse split of the VCT’s shares of common stock at a ratio of 15:1, conversion of the VCT’s outstanding debentures into restricted common stock and obtaining a tax pre-ruling from the Israeli Tax Authority relating to the agreement to be obtained by Algomizer. In addition, the closing is subject to and conditioned upon the approval of the shareholders of the VCT. Viewbix Ltd., completed the acquisition of Virtual Crypto Technologies Inc. (OTCPK:VRCP) in a reverse merger transaction on July 25, 2019. As of July 25, 2019, Virtual Crypto Technologies (VCT) issued 20.3 million shares of its common stock to Algomizer in consideration for 99.83% holdings in Viewbix. As of July 25, 2019, Eyal Ben Ami resigns from the VCT’s board of directors. Alon Dayan will continue to serve the VCT as a member of the VCT’s board of directors and Gadi Levin will transition to the role of senior accounting consultant. Noam Band, chief executive officer of Algomizer, appointed to the VCT’s board of directors, where he will assume the role of chairman of the board of directors. Jonathan Stefansky, co-founded Viewbix , elected to the VCT’s board of directors and appointed as the VCT’s Chief Executive Officer. Amihay Hadad, Chief Financial Officer of Algomizer, and Hillel Scheinfeld, Chief Operating Officer of Viewbix , appointed by the VCT’s board of directors to serve as the VCT’s Chief Financial Officer and Chief Operating Officer.