On June 3, 2024, Cuentas, Inc., a Florida-based financial technology company, entered into a non-binding Letter of Intent (LOI) with World Mobile Group Ltd, a UK limited company. The LOI outlines a collaborative effort to integrate Cuentas' fintech, banking, payments, remittance, and other financial services into the World Mobile app and ecosystem, aiming to enhance user experience and service range. The agreement includes a potential equity/stock option agreement rewarding World Mobile with stock in Cuentas based on achieving certain milestones, and discussions on potential merger terms are to be considered. World Mobile will also transfer a $50,000 refundable Security Deposit to Cuentas. While the LOI indicates a preliminary expression of intent and is not legally binding except for specific terms, it sets the stage for both parties to negotiate a definitive agreement with detailed terms of the partnership. The negotiations are agreed to be conducted in good faith and with due diligence.

On June 3, 2024, Cuentas, Inc., a Florida-based financial technology company, entered into a non-binding Letter of Intent (LOI) with World Mobile Group Ltd, a UK limited company. The LOI outlines a collaborative effort to integrate Cuentas' fintech, banking, payments, remittance, and other financial services into the World Mobile app and ecosystem, aiming to enhance user experience and service range. The agreement includes a potential equity/stock option agreement rewarding World Mobile with stock in Cuentas based on achieving certain milestones, and discussions on potential merger terms are to be considered. World Mobile will also transfer a $50,000 refundable Security Deposit to Cuentas. While the LOI indicates a preliminary expression of intent and is not legally binding except for specific terms, it sets the stage for both parties to negotiate a definitive agreement with detailed terms of the partnership. The negotiations are agreed to be conducted in good faith and with due diligence.