Global Compliance to Acquire Global People's Trust

Executive Summary

• Global Compliance Applications Corp. (GCAC) entered into a Share Purchase Agreement to acquire 100 % of Global People’s Trust LP and its management company, a New Zealand‑registered Financial Services Provider.
• The consideration will be 38,000,000 GCAC common shares issued to the seller at a deemed price of $0.015 per share, subject to a four‑month hold period after closing.
• The acquisition is presented as a strategic step toward building a global fintech network that integrates GCAC’s Efixii platform and Super Wallet with cross‑border payment and coupon services.

Key Details

• Transaction Structure: Share Purchase Agreement (the “Definitive Agreement”) between GCAC and seller Darrence Hugh Christian.
• Target Entities: Global People’s Trust LP (FSP 1002811, NZBN 9429050290505) and Global People’s Trust (Management) Limited – both New Zealand Financial Services Providers authorized to keep, invest, administer, or manage money, securities, or investment portfolios for others.
• Consideration: 38,000,000 GCAC common shares (“Consideration Shares”) at a deemed price of $0.015 per share (subject to adjustment by the Canadian Securities Exchange).
• Hold Period: Consideration Shares will be subject to a four‑month lock‑up following completion of the acquisition.
• Closing Conditions: Transaction remains subject to customary closing conditions; no guarantee that the acquisition will close as contemplated.
• Strategic Rationale (CEO Quote): “The acquisition of a New Zealand FSP is part of the ongoing strategy to create a global network of financial service businesses… This is a big first step in the commercialization of GCAC software and transactional business model, creating a turnkey system that is like Stripe meets Apple Pay meets VISA…” – Ryan Gibson, CEO.
• Target’s Financial Position: The FSP is four years old, in good standing, carries no debts or liabilities, and maintains custody accounts in Euro and USD.

Notable Quotes

“The acquisition of a New Zealand FSP is part of the ongoing strategy to create a global network of financial service businesses that connect directly to the Efixii software and Super Wallet… This is a big first step in the commercialization of GCAC software and transactional business model, creating a turnkey system that is like Stripe meets Apple Pay meets VISA…” – Ryan Gibson, CEO, Global Compliance Applications Corp.