YD Ynvisible S.A. entered into a binding letter of intent to acquire Network Exploration Ltd. (TSXV:NET) in a reverse merger transaction on April 29, 2016. YD Ynvisible S.A. entered into a share exchange agreement to acquire Network Exploration Ltd. (TSXV:NET) in a reverse merger transaction on July 19, 2016. Under the terms, Network Exploration will issue an aggregate of 25 million as payment shares to the holders of 95.53% of Ynvisible shares, on a pro rata basis, in exchange for 25 million Ynvisible common shares. As of January 9, 2017, it is anticipated that Network will acquire 94.19% of the issued and outstanding shares of Ynvisible in exchange for common shares instead of the 95.53% previously announced. In a related transaction, Network Exploration completed a non-brokered private placement of CAD 1.8 million. Following the closing, the resulting issuer, as owner of more than 90% of the capital of Ynvisible, will implement a transaction, in accordance with all applicable laws, pursuant to which it will acquire the remaining shares in the capital of Ynvisible that were not purchased at closing, under similar conditions as the ones agreed under the transaction. Subject to execution of applicable loan documentation, and the prior approval of the Exchange, Network will make a secured bridge loan in the amount of €0.1 million (CAD 0.14 million) to Ynvisible. Upon successful completion of the transaction, Network will cease all operations as a mining exploration company, will be listed as a Tier 2 Technology Issuer, and the business of Ynvisible will become the business of Network. Upon completion of the transaction, the majority of Network's management and Directors will be replaced with nominees of Ynvisible and it is anticipated that the Board of Directors of the resulting issuer will be comprised of the following individuals including Jani-Mikael Kuusisto becoming Chief Executive Officer on Closing, Inês Henriques as Chief Operating Officer, Carlos Pinheiro, Darren Urquhart, Duarte Mineiro and Alexander Helmel. As a result of the transaction, Network Exploration will change its name to “Ynvisible Interactive Inc.” or such other similar name as the parties may agree to. The transaction is subject to conditions including parties successfully entering into a definitive agreement on or before May 15, 2016, or such other date as Network and Ynvisible may mutually agree to, the completion of a financing to raise gross proceeds of a minimum of CAD 3.3 million, customary due diligence, and all requisite board and shareholder approvals of Network YD Ynvisible, completion of due diligence, execution of employment and consulting agreements and regulatory approval. As of November 16, 2017, Network’s shareholder approval is no more required. The currency conversion was done through www.oanda.com as of May 3, 2016. YD Ynvisible, S.A. completed the acquisition of Network Exploration Ltd. (TSXV:NET) in a reverse merger transaction on January 19, 2018. Alexander Helmel, President and Chief Executive Officer of Network, Robert Friesen and Richard Vaive have resigned from Network Exploration. In connection with the completion of the transaction, Jani-Mikael Kuusisto has been appointed Chief Executive Officer and Director. Inês Henriques has been appointed Chief Operating Officer. Carlos Pinheiro has been appointed Chief Technology Officer. Duarte Mineiro and Mr. Martin Burian have each been appointed as Directors of Network. Network Exploration Ltd. changed name to “Ynvisible Interactive Inc.” and will resume trading on the TSXV on January 23, 2018 under the symbol “YNV”.