MoneyMoov Payments Inc. entered into a share purchase agreement to acquire First Global Money Inc. from First Global Data Limited (OTCPK:FGBD.F) for CAD 13.5 million on October 2, 2020. The Purchase Price will be comprised of: (a) CAD 3.5 million will be satisfied through the issuance 10 million common shares (the “Consideration Shares”) in the capital of MoneyMoov at deemed price of CAD 0.35 per Consideration Share and (b) the assumption by MoneyMoov of an aggregate of CAD 10 million of First Global liabilities (the “Assumed Liabilities”). Pursuant to the Agreement, First Global Data intends to sell all of the issued and outstanding securities in the capital of First Global Money Inc. As a condition of closing, MoneyMoov requires the holders of the Assumed Liabilities to enter into agreements whereby the holders will agree to accept Class B Special Shares in the capital of MoneyMoov in exchange for the cancellation of the Assumed Liabilities. In addition to the conversion of the Assumed Liabilities, closing of the transaction is conditional on the receipt of shareholder and/or regulatory approvals.