X1 Esports and Entertainment Ltd. (CNSX:XONE) entered into an agreement to acquire Octane.GG Assets from Rocket League Community for $0.04 million on September 15, 2022. X1 Esports and Entertainment will pay (i) $35,000 cash, of which $17,500 is payable at Closing and $17,500 payable within 45 days after Closing. Pursuant to the Consulting Agreements, X1 will hire each of the two key personnel of Octane as consultants to X1 to continue operations of the Octane media business.

Jan Hoffmann, Chief Executive Officer of X1's wholly owned subsidiary RixGG Europe and X1's board of director has resigned and Latika Prasad, a current director of X1, will be appointed Chief Executive Officer and a director of RixGG Europe Ltd. and will oversee operations with Mark Elfenbein, Chief Executive Officer of X1. Samantha Shorter, Chief Financial Officer of X1 has been appointed as board of director and has resigned as Chief Financial Officer. Bobby Dhaliwal has been appointed as X1's Chief Financial Officer.

Elliot McSheen, will act as writer of Octane, and Finn Groothengel, will act as Statistician. The closing date is anticipated to occur on or prior to the tenth business day following the execution of the APA.