X2 Blockchain Games Corp. entered into a letter of intent to acquire Seaway Energy Services Inc. (TSXV:SEW) in a reverse merger transaction on January 22, 2018. X2 Blockchain Games Corp. entered into share purchase agreement to acquire Seaway Energy Services Inc. (TSXV:SEW) in a reverse merger transaction on April 13, 2018. As part of transaction, the shareholders of X2 Blockchain will receive an aggregate of 81.9 million Seaway shares on a 1:1 basis. Seaway Energy is also required to complete a private placement to raise up to CAD 16 million concurrent with the closing of the acquisition. In March 2018, Seaway Energy agreed to provide X2 with a bridge loan of up to CAD 0.5 million. Certain of the Seaway shares issuable pursuant to the transaction may be subject to escrow requirements pursuant to applicable regulatory policy and hold periods as required by applicable securities laws. The transaction is expected to constitute a change of business. The Board of Directors of combined company will change in connection with the transaction and will be comprised of Nolan Bushnell as Director and Chief Executive Officer, Dylan Bushnell as Director and Chief Operating Officer, Zai Ortiz as Director, Chief Creative Officer and Head of Games Design, John McCoach as Director, Dylan Sidoo as Director, Amrik S. Virk as Director and Nick DeMare as Chief Financial Officer. The transaction is subject to successfully entering into a definitive business combination agreement on or before March 15, 2018, customary due diligence, receipt of all necessary regulatory, corporate and third party approvals, compliance with all applicable regulatory requirements, and all requisite board and shareholder approvals being obtained. X2 Blockchain Games Corp. cancelled the acquisition of Seaway Energy Services Inc. (TSXV:SEW) in a reverse merger transaction on August 27, 2018. The board and management of Seaway determined that it was in the best interest of the company to terminate the Definitive Agreement.