Premiere Horizon Alliance Corporation plans to take a stake in the booming play2earn gaming industry through a partnership with a Filipino company, Bengga Corporation, through its app, Bengga. PHA signed a Memorandum of Understanding on September 22, 2021 with Bengga for a partnership in developing a gaming platform in the play2earn gaming category dubbed "PHlay". PHA will be undertaking this project with Bengga through its subsidiary, PH Big Bounty Entertainment Inc. subject to final negotiation of the terms and condition of the agreement and approval of the PHA Board of Directors. PHA and Bengga will conduct a mutual 30-day due diligence to assess each other's operations and to evaluate opportunities through a commercial proof of concept with the intent of entering into a joint venture agreement. Terms and conditions of a binding exclusive implementing agreement will be finalized after the due diligence period. The aim is to create a joint venture company that will be majority-owned by PHBB at seventy percent and thirty percent to be owned by Bengga. The project will be a gaming platform in the play2earn gaming category. This will be a hypercasual gaming platform that earns users rewards. It is a means to reach an audience and influence their behavior while monetizing engagements. The partnership with Bengga will provide PHA an immediate implementable technology as the gaming platform and app are already available for customization and rollout. The business model will be a relevant and timely focus in the high-growth and profitable play2earn sector. This is in line with PHA's direction of exploring opportunities in the technology sector to complement the offerings and services of SquidPay Technology Inc.