Pounce Technologies Inc. has entered into a securities exchange agreement dated November 7, 2018 (the 'Agreement') whereby the company will acquire all of the outstanding securities of Trax One Inc. ('Trax') in consideration for the issuance of securities of the company (the 'Acquisition'). On Closing, a nominee of Trax is expected to be added to the board of directors of the company, such that the directors of the company will be: Cameron Chell, Erica Racicot, Kurram Qureshi and Michael Morris. Mr. Morris has been nominated for appointment as a director of the company following completion of the Acquisition.