Mr. Ryan Gibson reports

GCAC SIGNS LETTER OF INTENT WITH SF PRIVATE BANK LIMITED AND SUPREME FINTECH LP FOR TRANSACTION PROCESSING UP TO EURO 30 MILLION PER MONTH

Global Compliance Applications Corp. has signed a letter of intent (LOI) with SF Private Bank Ltd. and Supreme Fintech LP New Zealand regarding a proposed commercial partnership to utilize licensed European crypto payment infrastructure, contingent upon the acquiring 50 per cent by GCAC of RP Payment Services S.L., a regulated Spanish subsidiary within the RevoluGroup structure.

The purpose of the LOI is to outline the mutual intention of the Parties to enter into a formal partnership agreement upon GCAC's successful acquisition of RP Payment Services S.L. shares, a EU-regulated payments entity operating under the Spain-based licensing regime, compliant with the MiCA and DORA regulatory framework applicable in the European Union.

Supreme Fintech seeks to:

• Partner with Global Compliance to make use of the payment rails, blockchain infrastructure, and licensed capabilities of Global Compliance and RP Payment Services S.L. for operations within the European Union;
• Conduct payment-related transaction volumes through the system at a target capacity of approximately 30 million euros per month, subject to operational ramp-up and market demand;
• To expand SF Private Bank Ltd./Supreme Fintech's European footprint through a compliant regulated entity, enabling secure, real-time crypto-fiat payments across Spain and the EU.

Chief executive officer of SF Private Bank/Supreme Fintech LP Shafie Abdullah said, "We are excited about the opportunity to work with a European MiCA- and DORA-compliant regulated financial entity, and views this as a significant step forward in scaling our global transaction capabilities."

Ryan Gibson, CEO and director of Global Compliance, stated: "Driving shareholder value is my role as CEO, and my vision is to bring my in-depth experience in the fintech space and fuse it with the blockchain core GCAC has to offer. As a regulated public company, bringing additional regulated fintechs under our umbrella is key to driving mutually beneficial use of our blockchain. RP Payment Services S.L. and Supreme Fintech are set to generate both value and revenue in the GCAC blockchain."

About Global Compliance Applications Corp.

Global Compliance is a global leader in designing and developing innovative blockchain technologies and machine learning solutions to improve real-world businesses. Global Compliance's leading solution is Efixii, an Ethereum Layer 2 blockchain and EVM programming functionality that is on par with other Layer 2s, such as Polygon. GCAC can quickly connect each participant from product producers, distributors, manufacturers and retailers through a series of value chain decentralized apps that allows for data connectivity to drive better consumer experiences and sales. Global Compliance created clearESG to assist businesses in communicating their sustainability goals and earned attributes on the blockchain through a series of ESG (environmental, social and governance) merit badges. As an interconnected supply chain solution, the Efixii solution pays tokens for attesting to a product's value, or truthness, through a reward program. Global Compliance works in many agricultural industries providing a value-added blockchain offering through a cost-effective SaaS (software-as-a-service) licensing model.

We seek Safe Harbor.