1421526 Alberta Ltd. signed a binding letter of intent to acquire Trusted Brand 2016 Inc. for CAD 7.6 million in a reverse merger transaction on January 31, 2020. 1421526 Alberta Ltd. entered into a definitive agreement to acquire Trusted Brand 2016 Inc. in a reverse merger transaction on June 19, 2020. Pursuant to the terms of the transaction, Trusted Brand will acquire from the shareholders of 1421526 Alberta Ltd. all of the issued and outstanding shares in exchange for 17 million common shares of Trusted Brand at CAD 0.2 per common share. The resulting issuer will issue a further 21 million preferred shares to CAD 0.2 per preferred share. The preferred shares will be convertible into one common share of the resulting issuer. As per the share exchange agreement dated June 19, 2020, Trusted Brand will acquire all of the issued and outstanding shares of 1421526 Alberta by issuance of 15.8 million common shares; 21.1 million of Series I preferred shares, exchangeable on a one-to-one basis into common shares; assumption of 1421526's commitment pursuant to a shareholder loan with each of 991799 Alberta Ltd. and Lui Holdings Corporation in the aggregate amount of CAD 3.96 million will be converted into 19.78 million Series II preferred shares, exchangeable on a one-to-one basis into common shares; and, assumption of a bank loan in the form of a first mortgage registered on the property from Canada Western Bank in the aggregate amount of CAD 2.57 million. Effective on the close of the transaction and pending approval of the TSX Venture Exchange, all of Trusted Brand's existing 0.39 million stock options to acquire common shares will be re-priced and will entitle the holders thereof to acquire an aggregate of 0.39 million common shares at an exercise price of CAD 0.15 per common share for a period of 12 months following the closing of the transactions. The resulting issuer will issue an additional total of 0.75 million options to its officers, Directors and employees at an exercise price of CAD 0.2 per common share immediately following the closing of the transaction. Additionally, an aggregate of up to 1.8 million common shares may be transferred from the current Directors of Trusted Brand to 1421526 (or its assignees) at a purchase price of CAD 0.2 per common share subject to an existing escrow agreement of Trusted Brand. In conjunction with, or prior to, the transaction, 1421526 will complete a non-brokered private placement of up to 2.5 million units, for gross proceeds of up to CAD 0.5 million. The resulting issuer will be the corporation, which will be renamed to “Yorkton Equity Group Inc.” upon completion of the transaction and will trade under the ticker symbol “YEG” on the TSX Venture Exchange. The resulting issuer intends to apply for listing as a Tier 2 Real Estate issuer.

Following completion of the transaction, it is intended that the Board of Directors of the company will Ben Lui, Evan Chan, Bill Smith, Mark Wilbert and Jason Theiss. Ben Lui will be the President and Chief Executive Officer, and Evan Chan will be the Chief Financial Officer and Corporate Secretary of the company. Upon the completion of the Transaction, the current directors will resign, the number of directors will increase and be fixed at five. Completion of the transaction is subject to a number of conditions, including but not limited to, approval by shareholders of 1421526, approval of the Board of Directors of both 1421526 and Trusted Brand 2016 Inc., private placement shall close at or before the closing, listing of shares, each Director and officer of Trusted Brand 2016 Inc. shall have provided their written resignation as director and officer of Trusted Brand 2016 Inc. effective on or before the closing date and acceptance of the transaction by the TSX Venture Exchange. The requisite regulatory approvals for the name change, including the approvals of the TSX-V will not be sought by Trusted Brand 2016 until after the Board of Directors decides to implement the name change resolution. A special meeting of the shareholders of Trusted Brand 2016 will be held on September 10, 2020. As of August 28, 2020, the transaction has been conditionally approved by the TSX Venture Exchange in respect of the listing of the common shares of Trusted Brand 2016 resulting from the transaction (the "YEG Shares"), subject to receipt of final submission documents, which have now been delivered to the Exchange. Upon satisfactory review of such final materials by the Exchange, Trusted Brand 2016 expects it will be listed on the Exchange as a Tier 2 issuer and the transaction is expected to complete on October 1, 2020. Trevor Wong-Chor of DLA Piper (Canada) LLP acted as legal advisor to Trusted Brand 2016 Inc. David S. Tam of Parlee McLaws LLP acted as legal advisor to 1421526 Alberta Ltd. Computershare Canada acted as transfer agent for Trusted Brand 2016.

1421526 Alberta Ltd. completed the acquisition of Trusted Brand 2016 Inc. in a reverse merger transaction on November 17, 2020. The previously issued 3.9629 million common shares of Trusted Brand 2016 will be re-registered as YEG Shares and aggregate of 0.39629 million options of Trusted Brand will be re-registered as YEG options with an amended exercise price of CAD 0.20 and will be exercisable for a period of one year from completion of the transaction. Trusted Brand 2016 has completed its name change to Yorkton Equity Group Inc. in conjunction with completion transaction and that trading of the YEG Shares under the new symbol, "YEG" will commence at the opening of markets on November 20th, 2020. The following individuals have been appointed as directors and officers of Trusted Brand 2016, Messrs. Bill Smith, Chairman and Director; Ben Lui, President, Chief Executive Officer and Director; Evan Chan, Chief Financial Officer and Director; Kevin Saskiw, Corporate Secretary; Mark Wilbert, Director and Jason Theiss, Director. In accordance with the approvals of the Trusted Brand 2016's shareholders at its annual general and special meeting held on May 15, 2020 and the special meeting held on September 10, 2020. Concurrent with the completion of the transaction, Yorkton completed a non-brokered private placement of 7,804,330 units, at an offering price of CAD 0.20 per unit, for gross proceeds of CAD 1.560866 million which will be used for general working capital.