HyperBlock Inc. announced that it has entered into a software acquisition agreement to acquire proprietary financial and mining operations software. Under the terms of the agreement, HyperBlock has purchased the complete, exclusive rights, title and interest to proprietary computer software programs and documentation developed by Proteus Development Corporation. Under the May 24, 2019, agreement the Seller has sold, assigned, granted, conveyed and transferred all right, title and interest to the software defined in the Software Agreement. The Company has agreed to a purchase price of CAD 125,000 to be paid in three installments through July 31, 2019. The proprietary software to be acquired by HyperBlock consists of two major components contributing to the operations and financial reporting of the Company's cryptocurrency mining operation.