Monaker Group, Inc. (NasdaqCM:MKGI) agreed to acquire 33.9% stake in Axion Ventures Inc. (TSXV:AXV) on July 21, 2020. Monaker Group will acquire shares and certain loans of Axion Ventures, Inc. from related shareholders of HotPlay who also control a minority interest in Axion and have provided a majority of the credit to Axion. In a related transaction, HotPlay Enterprise Limited entered into binding definitive share exchange agreement to acquire Monaker Group, Inc. (NasdaqCM:MKGI) in a reverse merger transaction. Upon the close of the transactions, the combined companies will change the name of Monaker to “NextPlay Technologies, Inc.,” and Monaker has applied to Nasdaq to reserve the trading symbol “NXTP.” The transaction is subject to regulatory review and Monaker Group shareholders' approvals, as well as other customary conditions. As of October 28, 2020, the long stop date was extended to November 30, 2020. The Loev Law Firm, PC acted as legal advisor to Monaker Group, Inc. in the transaction. Monaker Group, Inc. (NasdaqCM:MKGI) completed the acquisition of 33.9% stake in Axion Ventures Inc. (TSXV:AXV) from Michael Bonner and others on November 16, 2020. The parties entered into amended and restated share exchange agreement, pursuant to which, the stake in Axion being acquired was amended to 33.85% and the number of common shares of Axion exchanged have been reduced by 100,000 shares, to 71,993,358 common shares and were acquired for $0.15 each. Also, requirement of HotPlay exchange agreement to close simultaneously has been removed. As of January 6, 2021, the terms of transaction have been amended. Pursuant to the amended trems, Axion stockholders exchanged ordinary shares of Axion equal to 33.85% of the outstanding common shares of Axion, in consideration for 10 million shares of newly designated shares of Series B Convertible Preferred Stock of Monaker, which are automatically convertible into common shares of Monaker. Axion creditors exchanged debt of Axion in the aggregate amount of $7.7 million. Also, Uniq and other as shareholders were removed an Axion stockholders from the transaction.