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.