Xcyte Digital Corp. (TSXV:XCYT) share exchange agreement to acquire 5% stake in MCON Live Inc on June 12, 2024. In related transaction, Xcyte Digital entered into a asset purchase agreement to acquire Online Business of MCON Live Inc. As part of combined transaction consideration Xcyte will issue MCON 50 multiple voting shares in the capital of Xcyte each of which is convertible into 10,000 subordinate voting shares in the capital of Xcyte subject to adjustment in certain circumstances, for a total of 500,000 SV Shares, in exchange for the MCON Shares and certain intangible assets related to MCON's online business.

The transaction is subject to the satisfaction of certain customary closing conditions, including the approval of the board of directors of the Company, the approval of the TSX Venture Exchange (the "TSXV"), and the completion of due diligence by the Company. The parties shall use commercially reasonable efforts to close the Transaction within 30 days of the execution of the Agreement.