TenX Protocols Provides Update on Blade Labs Acquisition IP to Accelerate Validator Expansion While Maintaining a Strong Balance Sheet to Fund Future Growth

Executive Summary

• TenX Protocols Inc. completed the acquisition of proprietary blockchain validator software and IP from Blade Labs Corp. for a total consideration of $320,000 (cash and shares).
• The deal includes a six‑month services agreement under which Blade Labs will pay TenX CAD 5,000 per month for validator hosting, monitoring and technical support.
• As of December 16, 2025 TenX reported digital asset holdings of 19,699 SOL, 21,748,120 SEI, 129,263 SUI and 7,244,333 USDC, plus approximately CAD 5.6 million in cash and no debt.

Key Details

• Acquisition consideration: $160,000 cash + 213,333 TenX common shares at $0.75 per share (total $320,000).
• Closing date: July 8, 2025 (disclosed in filing statement dated November 25, 2025).
• Purpose of acquisition: Accelerate validator development on Solana (SOL) and Sui (SUI) networks; includes monitoring, performance optimization, and network‑integration software.
• Services agreement: Six‑month term starting January 2, 2025; Blade Labs will pay TenX a fixed monthly fee of CAD 5,000 for validator hosting, monitoring, and technical support.
• Digital asset holdings (as of Dec 16, 2025):
• 19,699 SOL
• 21,748,120 SEI
• 129,263 SUI
• 7,244,333 USDC
• Cash balance: Approximately CAD 5.6 million available for operations and infrastructure development.
• Debt position: No debt obligations as of Dec 16, 2025.
• Management comment: “Strengthening our validator technology through this acquisition supports our long‑term infrastructure roadmap across high‑performance networks,” – Mat Cybula, CEO.

Notable Quotes

• “Strengthening our validator technology through this acquisition supports our long‑term infrastructure roadmap across high‑performance networks,” – Mat Cybula, Chief Executive Officer, TenX Protocols.