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B. Significant Changes

We have had a number of significant changes since the date of our audited consolidated financial statements included in this Annual Report. These include:

●Genius Group repaid the BTC backed loan including the additional loan acquired. The total repayment $20.9 million including principal repayment of $20.5 million.
●Genius group issued total of 7,128,632 ordinary shares under the various offering agreements.
●Genius Group ongoing litigation is continued pending arbitration process for the failed acquisition of FatBrain. The Company is currently prevented by issuing shares and buying more bitcoins.
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