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Per the terms of the deal, will issue an aggregate of 44,353,435 Class A shares to Blockchain Alliance at the first closing, which is expected to occur by April 15, 2021. The shares represent roughly 10% of outstanding shares as of January 31, 2021.

Blockchain Alliance agreed to subject the Class A Ordinary Shares it receives as part of the deal to a lock-up period in accordance with the Share Exchange Agreement. The agreement is subject to various closing conditions, including transfer the domain name and the digital currency wallet of

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