Graph Blockchain Inc. entered into an agreement to acquire Datametrex Electric Vehicle Solutions from Datametrex AI Limited (TSXV:DM) for approximately CAD 3.2 million.

Graph Blockchain Inc. (CNSX:GBLC) entered into an agreement to acquire Datametrex Electric Vehicle Solutions from Datametrex AI Limited (TSXV:DM) for approximately CAD 3.2 million on November 13, 2023. Pursuant to an agreement dated November 13, 2023, Graph Blockchain has agreed to acquire DM EVS from Datametrex for an aggregate purchase price of up to CAD 3.75 million, contingent upon DM EVS's achievement of certain milestones over a three year period. At closing, Graph Blockchain will issue to Datametrex 15 million common shares, under the terms of the agreement.

Datametrex's opportunity to receive up to an additional CAD 3 million in Earn-Out Payments is contingent upon DM EVS's fulfillment of certain post-closing performance metrics over three (3) years. These EarnOut Payments incentivize and ensure continued focus on maximizing DMEVS's value under new ownership.