Exhibit 2.26

TRANSACTION CLOSING DOCUMENT

DATED APRIL 30, 2022

Genius Group Ltd (the “Purchaser” and “GG”), a public company duly organised and operating under the Laws of Singapore under registration number UEN 201541844 C, having its registered seat at 8 Amoy Street, #01-01 Singapore 049950, represented by Roger James Hamilton and

(A)

David Raymond HITCHINS (the “Seller”) holds 50 (fifty) common shares of the New Zealand Company Education Angels in Home Childcare Limited with registered seat in 23 Cornwall Street, Lower Hutt, Wellington, 5010, NZ

(B)

Angela STEAD (the “Seller”) holds 50 (fifty) common shares of the New Zealand Company Education Angels in Home Childcare Limited with registered seat in 23 Cornwall Street, Lower Hutt, Wellington, 5010, NZ

The Parties agreed as follows:

1.

The transaction is closed as of April 30, 2022;

2.

The Sellers delivered the transaction documents of Education Angels in Home Childcare Limited in particular:

(a)

Certified extract of the resolutions passed by the Board of EA approving the transfer of the Sale Shares from the Sellers to the Purchaser.

(b)

Certified extract of the register of members and the share transfer register of the EA evidencing the entries relating to the transfer of the Sale Shares from the Sellers to the Purchaser - Genius Group Limited registration number UEN 201541844 C with registered seat at 8 Amoy Street, #01-01 Singapore 049950.

(c)

New Share certificate with respect to the Sale Shares, reflecting the name of the Purchaser as the registered holder of the Sale Shares with respect to Education Angels in Home Childcare Limited.


3.

The Sellers represent that the transaction documents stipulated in point 2 of this Closing Document has been filed to Registration Office of the Companies in New Zealand in purpose to reflect the change of the owner of sold Shares of Education Angels in Home Childcare Limited.

4.

The price shall be paid and calculated by the Purchaser due to the provision of Section 2 point 2.1 of the Sale Purchased Agreement dated November 30, 2021 in the following way:

i.

Consideration: NZ$ 3 million in 100% Shares Converted to US$1,939,281 considering the exchange rate of 30th April 2022 of 0.646427:

The consideration is US$1,939,281 results in 333,687 shares to Seller at a share price of $34.87 multiplied by 6 for share split.

ii.

After the loan adjustment:

Angela Stead receives 141,382  GG shares and

David Raymond HITCHINS receives 192,305 GG shares

iii.

Write off of Loan Payable:

(a)

to founder Angela Stead and David Raymond HITCHINS the amount of NZ$719,103.

(b)

Winara Trust No 1 - NZ$588,462

(c)

Magic Sparks - NZ$130,641

5.

The Parties acknowledge that the Purchased Price has been calculated on the basis of the following documents which constitutes the Annexure to this Transaction Closing Document:

i. Balance Sheet - 30th April 2022

ii. Shares Proceed working and calculation

iii. Share Issue Confirmation


THIS TRANSACTION CLOSING DOCUMENT has been agreed by the Parties and entered into on the date stated at the beginning of this Document.

/s/ Angela STEAD

/s/ Roger James Hamilton

Angela STEAD

Genius Group Limited

represented by Roger James Hamilton

/s/ David Raymond HITCHINS

David Raymond HITCHINS


Balance Sheet

Education Angels in Home Childcare Ltd

(Numbers are in NZD)

    

30 Apr 2022

    

Adjustments

    

Final

    

30 Jun 2020

    

Adjustments

    

Final

Assets

Bank

600-ASB Business A/c-00

40,798

$

$

40,798.00

$

3,010.41

$

$

3,010.41

602-ASB Savings A/c-50

6

$

$

6.00

$

2,001.77

$

$

2,001.77

603-ANZ-Current Account

931

$

$

931.00

$

(96,434.18)

$

$

(96,434.18)

Total Bank

41,735

0

41,735

(91,422)

0

(91,422)

Current Assets

610-Accounts Receivable

0

$

$

$

251,326.37

$

251,326.37

$

617-Other Debtors

0

$

$

$

112,713.76

$

$

112,713.76

615-Accured Income

16,495

$

$

16,495.00

$

50,093.61

$

$

50,093.61

Total Current Assets

16,495

0

16,495

414,134

251,326

162,807

Fixed Assets

712-Furniture and Fittings

27,774

$

$

27,774.00

$

27,774.48

$

$

27,774.48

713-Less Accumulated Depreciation on Furniture an Fittings

(24,255)

$

$

(24,255.00)

$

(22,545.04)

$

$

(22,545.04)

720-Computer Equipment

10,341

$

$

10,341.00

$

9,550.41

$

$

9,550.41

721-Less Accumulated Depreciation on Computer Equipment

(8,604)

$

$

(8,604.00)

$

(6,987.26)

$

$

(6,987.26)

730-Motor Vehicle

230,133

$

$

230,133.00

$

141,563.68

$

$

141,563.68

731-Less Accumulated Depreciation on Motor Vehicle

(127,553)

$

$

(127,553.00)

$

(89,249.70)

$

$

(89,249.70)

Total Fixed Assets

107,836

0

107,836

60,107

0

60,107

Non-Current Assets

780-Goodwill

774,532

$

$

774,532.00

$

769,031.52

$

$

769,031.52

Total Non-current Assets

774,532

0

774,532

769,032

0

769,032

Total Assets

940,598

0

940,598

1,151,850

251,326

900,523


Liabilities

    

    

    

    

    

    

Current Liabilities

605-Visa

377

$

$

377.00

$

27.52

$

$

27.52

800-Accounts Payable

6,968

$

$

6,968.00

$

34,421.53

$

$

34,421.53

801-Unpaid Expense Claims

0

$

$

$

0

$

0

$

805-Accrued Liabilities

23,133

$

$

23,133.00

$

3,509.88

$

$

3,509.88

820-GST

148,612

$

159,203.00

$

(10,591.00)

$

98,340.86

$

$

98,340.86

825-PAYE & Kiwisaver Payable

9,906

$

$

9,906.00

$

11,947.53

$

$

11,947.53

826-Holiday Pay Accrual

31,903

$

$

31,903.00

$

25,949.91

$

$

25,949.91

835-Revenue Received in Advance

174,617

$

$

174,617.00

$

0

$

$

Total Current Liabilities

395,516

159,203

236,313

174,197

0

174,197

Non-Current Liabilities

810-Fees/Payments as Agent - Parent

16

$

$

16.00

$

(7,584.45)

$

$

(7,584.45)

811-Fees/Payments as Agent - WINZ

12,928

$

$

12,928.00

$

11,467.89

$

$

11,467.89

900-Loan – Magic Sparks/Clydestead

51,040

$

51,040.00

$

$

378,176.71

$

378,176.71

$

902-Loan – UDC Finance

0

$

$

$

6,770.12

$

$

6,770.12

904-Loan – Heartland Bank

3,401

$

$

3,401.00

$

11,049.75

$

$

11,049.75

940-Advanced Funding Loan

0

$

$

$

35,000.00

$

$

35,000.00

905-Loan – Nissan Financial Services

84,286

$

$

84,286.00

$

0

$

0

$

950-Loan from Winara Trust No 1

508,860

$

508,860.00

$

$

836,638.07

$

836,638.07

$

958-IRD – Govt Loan for Business

31,600

$

$

31,600.0

$

31,600.00

$

$

31,600.00

Total Non-Current Liabilities

692,131

559,900

132,231

1,303,118

1,214,815

88,303

Total Liabilities

1,087,647

719,103

368,544

1,477,315

1,214,815

262,501

Net Assets

(147,049)

(719,103)

572,054

(325,465)

(963,488)

638,023

Total Equity

(147,049)

(719,103)

572,054

(325,465)

(963,488)

638,023


Education Angels

Share Sale Proceeds Calculation and Division - revised 13 June 2022

Share of Proceeds

Education In Home Childcare Limited

Sale Price based on 2 X Annual Revenue in 2019 or 2020, Minimum $3.0m

3,000,000

GST

Shareholder Debts

    

31/03/2022

    

Current

    

Arrears

    

Settlement

    

Angie

    

David

    

Total

Winara Trust No.1

508,860

36,585

43,016

588,462

588,462

588,462

Magic Sparks

51,040

36,585

43,016

130,641

130,641

130,641

559,900

73,170

86,033

719,103

Balance for Shares

2,280,897

1,140,448

1,140,448

2,280,897

NZ$

1,271,090

1,728,910

3,000,000

0.646427

US$

821,667

1,117,614

1,939,281

Issue Price

34.87

34.87

34.87

X6

141,382

192,305

333,687


Graphic

GENIUS GROUP LTD.

    

    

    

    

WINARA TRUST (NO.1)

STATEMENT OF ACCOUNT

4/44 QUEENS DRIVE, HUTT CENTRAL

LOWER HUTT 5010

ACCOUNT NUMBER

480

NEW ZEALAND

TICKER SYMBOL:

GNS

CUSIP:

Y3005A109

Summary of Account Holdings as of 06/16/2022

    

    

    

    

CERTIFICATED

RESTRICTED

DRS BALANCE

FREE TRADING

TOTAL SHARES IN

BALANCE

BOOK BALANCE

BOOK BALANCE

ACCOUNT

0

 

192,305

 

0

 

0

 

192,305

Transaction Activity for the Period

01/01/2010 - 06/16/2022

 

 

 

 

 

 

 

 

 

CERTIFICATE NUMBER /

SHARES IN /

DATE

TRANSACTION DESCRIPTION

SHARES OUT

SHARE BALANCE

06/15/22

ISSUE SECURITIES

192,305

192,305

*Certificate Balanced – Reflects the aggregate number of shares issued with physical certificate(s).

*Restricted Book Balance – Reflects the aggregate number of restricted shares that VStock Transfer maintains for you in an electronic account and a physical certificate was not issued.

*Free-Trading Book Balance – Reflects the aggregate number of free-trading shares that VStock Transfer maintains for you in an electronic account and a physical certificate was not issued.

*Total Shares – The sum of all certificated and all book shares.

If you have any questions or concerns, please do not hestitate to contact us at (212) 828-8436 or via email at info@vstocktransfer.com.


Graphic

    

    

   

GENIUS GROUP LTD.

    

ANGELA STEAD

STATEMENT OF ACCOUNT

4 TENNYSON AVENUE AVALON

LOWER HUTT 5011

ACCOUNT NUMBER

481

NEW ZEALAND

TICKER SYMBOL:

GNS

CUSIP:

Y3005A109

Summary of Account Holdings as of 06/16/2022

    

    

    

    

CERTIFICATED

RESTRICTED

DRS BALANCE

FREE TRADING

TOTAL SHARES IN

BALANCE

BOOK BALANCE

BOOK BALANCE

ACCOUNT

0

 

141,382

 

0

 

0

 

141,382

Transaction Activity for the Period

01/01/2010 - 06/16/2022

 

 

 

 

 

 

 

 

 

CERTIFICATE NUMBER /

SHARES IN /

DATE

TRANSACTION DESCRIPTION

SHARES OUT

SHARE BALANCE

06/15/22

ISSUE SECURITIES

141,382

141,382

*Certificate Balanced – Reflects the aggregate number of shares issued with physical certificate(s).

*Restricted Book Balance – Reflects the aggregate number of restricted shares that VStock Transfer maintains for you in an electronic account and a physical certificate was not issued.

*Free-Trading Book Balance – Reflects the aggregate number of free-trading shares that VStock Transfer maintains for you in an electronic account and a physical certificate was not issued.

*Total Shares – The sum of all certificated and all book shares.

If you have any questions or concerns, please do not hestitate to contact us at (212) 828-8436 or via email at info@vstocktransfer.com.