Kings Entertainment Group Inc. (CNSX:JKPT) agreed to acquire Braight AI Technologies Inc. on June 14, 2023. Pursuant to the terms of the Definitive Agreement, as consideration for the Transaction and on closing thereof, Kings Entertainment Group will issue an aggregate of 59,289,392 common shares in the capital of the Company to the shareholders of Braight AI. There is no hold period for the Payment Shares pursuant to applicable securities laws.

Braight AI has entered into a share exchange agreement dated May 31, 2023 with Epeer Spólka Z Ograniczona Odpowiedzialnoscia. Closing of the Transaction is subject to, among other things, closing of the Acquisition, receipt by the Company of an independent third party valuation of Braight AI which is satisfactory to the Company in its sole discretion, compliance with all applicable regulatory requirements and receipt of all necessary regulatory, corporate, and board approvals being obtained, including the approval of the Canadian Securities Exchange (the "CSE"). There can be no assurance that the Transaction will be completed as proposed, or at all.

The Transaction is an arms-length transaction. On Closing, the Company will appoint two nominees of Braight AI to the board of directors of the Company.