Under the memorandum of understanding ("MOU"), Axion and the Partner have agreed to complete a prototype of the game as an initial milestone with other milestones and joint venture terms to be formalized in a long form co-development/joint venture agreement in due course.

Due to the highly sensitive nature of the Game and as outlined in the MOU, both parties have agreed to protect the confidential nature of the project until a later date. The Game's expected launch date is late 2020 to a global audience and will be available to play on major consoles and PC.

Axion is expected to deliver a playable demo to their Partner in Q4 2019 at which point more details may be announced to shareholders.