Maritime Launch Services Ltd. entered into binding letter agreement to acquire Jaguar Financial Corporation (OTCPK : JGFC.F) in a reverse merger transaction on November 5, 2021. Pursuant to the terms of the Letter Agreement, and in connection with the Proposed Transaction holders of common shares of MLS will receive 4.5 Jaguar Shares for each MLS Share held and all outstanding warrants, broker warrants and convertible debentures of MLS will be exchanged for equivalent securities of Jaguar, with the number of underlying shares being multiplied by the exchange ratio, and the exercise price or conversion price, as applicable, being multiplied by the inverse of the exchange ratio In connection with the Proposed Transaction, Jaguar will reconstitute its board of directors and senior officers to be comprised of the nominees of MLS (the “Board and Management Rotation”), and will change its name to one determined by Maritime Launch Services in its sole discretion and the Resulting Issuer will conduct its business under the new name. Stephen Matier will be appointed as Director, President and Chief Executive Officer, Sasha Jacob will be appointed as Director and Chair and François Desjardins will be appointed as Director of the Resulting Issuer. The resulting issuer from the Proposed Transaction will carry on the current business of Maritime Launch. As of February 11, 2022, Jaguar Financial amended the letter agreement. Under the terms of the amending agreement, MLS is permitted to engage in discussions with a third party in connection with completing a merger. If such merger is completed, the contemplated reverse takeover of Jaguar by MLS and its shareholders will be terminated, and MLS will be required to pay a break fee to Jaguar and reimburse Jaguar in connection with fees incurred in connection with the RTO. The Letter Agreement includes a number of conditions, including but not limited to, requisite shareholder approvals including the approval of the shareholders of MLS, the completion of the Name Change and the Board and Management Rotation, approvals of all regulatory bodies having jurisdiction in connection with the Proposed Transaction and other closing conditions customary to transactions of the nature of the Proposed Transaction. As of March 28, 2022, Jaguar Financial Corporation received conditional approval for listing with the NEO Exchange Inc.

Maritime Launch Services Ltd. completed the acquisition of Jaguar Financial Corporation (OTCPK : JGFC.F) in a reverse merger transaction on April 1, 2022. As part of the transaction, Jaguar Financial Corporation changed its name to Maritime Launch Services Inc. The board of directors and management of merged entity is is now comprised, Stephen Matier – Director, President and Chief Executive Officer, Sasha Jacob – Director, Franc¸ois Desjardins – Director, Susan McArthur – Director and Keith Abriel - Chief Financial Officer.