8-K/A - VISL - Equibles

UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

8-K/A

(AmendmentNo. 1)

CURRENT

REPORT

Pursuant

to Section 13 or 15(d)

of

the Securities Exchange Act of 1934

Dateof Report (Date of earliest event reported): August 16, 2021

VislinkTechnologies, Inc.

(Exactname of registrant as specified in its charter)

Delaware	001-35988	20-5856795
(State or other jurisdiction<br><br> <br>of incorporation)	(Commission<br><br> <br>File Number)	(I.R.S. Employer<br><br> <br>Identification No.)

101Bilby Road, Suite 15, Building 2

Hackettstown,NJ 07840

(Addressof principal executive offices)

Registrant’stelephone number, including area code: (941) 953-9035

Check

the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement<br> communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.00001 per share	VISL	The Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Explanatory

Note

On August 16, 2021, Vislink Technologies, Inc. (the “Company” or “Vislink”), a Delaware Corporation, filed a Current Report on Form 8-K (the “Initial Report”) to report that the Company entered into a Sale and Purchase Agreement (the “Purchase Agreement”) with Triple IT Corporate B.V. (the “Seller”), a private company incorporated in the Netherlands, pursuant to which the Company acquired all of the capital of Mobile Viewpoint Corporate B.V.

This Current Report on Form 8-K/A (this “Amendment”) amends and supplements the Initial Report to provide financial statements of Mobile Viewpoint Corporate B.V*.*, and the pro forma financial statements of the Company required by Item 9.01 of Form 8-K. No other modifications to the Initial Report are being made by this Amendment. This Amendment should be read in connection with the Initial Report, which provides a more complete description of the Purchase Agreements and transactions contemplated thereby.

Item9.01 Financial Statements and Exhibits.

(a) Financial Statements of Mobile Viewpoint Corporate B.V.

The audited consolidated financial statements of Mobile Viewpoint Corporate B.V. as of and for the year ended December 31, 2020, together with the related notes to the financial statements, are included as Exhibit 99.1 to this Current Report.

The unaudited consolidated financial statements of Mobile Viewpoint Corporate B.V. as of June 30, 2021 and for the three and six months ended June 30, 2021, together with the related unaudited notes to the financial statements, are included as Exhibit 99.2 to this Current Report and are incorporated herein by reference.

(b) Pro Forma Financial Information.

The unaudited pro forma condensed consolidated financial statements of the Company as of June 30, 2021 and for the year ended December 31, 2020, and the six months ended June 30, 2021, together with the related notes to the unaudited pro forma condensed combined financial information, are included as Exhibit 99.3 to this Current Report and are incorporated herein by reference.

The pro forma financial information included in this Amendment No. 1 has been presented for informational purposes only in accordance with Article XI of Regulation S-X promulgated by the Securities and Exchange Commission, and is not necessarily indicative of the combined financial position or results of operations that would have been realized had the acquisition occurred as of the dates indicated, nor is it meant to be indicative of any anticipated combined financial position or future results of operations that the Company will experience after the acquisition.

(d) Exhibits.

Exhibit Number	Description
23.1	Consent of BDO, Independent Registered Public Accounting Firm
99.1	Audited Annual Financial Statements of Mobile Viewpoint Corporate B.V. for the Year Ended December 31, 2020
99.2	Unaudited Consolidated Financial Statements of Mobile Viewpoint Corporate B.V. as of June 30, 2021 and for the Three and Six Months Ended June 30, 2021
99.3	Unaudited Pro Forma Condensed Consolidated Financial Information as of June 30, 2021 and for the Year Ended December 31, 2020, and the Six Months Ended June 30, 2021
104	Cover Page Interactive Data File (embedded<br>within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	VISLINK TECHNOLOGIES, INC.
Date:<br> November 1, 2021
	By:	/s/ Carleton M. Miller
	Name:	Carleton<br> M. Miller
	Title:	Chief<br> Executive Officer

Exhibit23.1

Consent of Independent Registered Public Accounting Firm

Vislink Technologies, Inc.

Hackettstown, New Jersey

We hereby consent to the incorporation by reference in Registration statement Nos. 333-238013, 333-228793, 333-215990, 333-214484, 333-213873, 333-213291, 333-212816, 333-211646, and 333-197820 on Form S-3 and Registration Statement Nos. 333-255305, 333-233849, 333-233848, 333-224107, 333-224106, 333-224105, 333-215461, 333-214658, 333-212621, 333-210773, 333-208313, 333-206486, 333-205687, 333-203399 and 333-193579 on Forms S-8 of Vislink Technologies, Inc. of our report dated 1 November 2021, relating to the financial statements of Mobile Viewpoint Corporate B.V. (Alkmaar, the Netherlands) which appear in the Current Report on Form 8-K of Vislink Technologies, Inc filed with the Securities Exchange Commission on 1 November 2021.

Amstelveen, 1 November 2021

For and on behalf of BDO Audit & Assurance B.V.,

/s/J.A. de Rooij RA

Exhibit99.1

MobileViewpoint Corporate B.V.

located, Alkmaar, the Netherlands

Report on the annual accounts

2020

Mobile Viewpoint Corporate

B.V. Alkmaar

Tableof contents

	Page
Consolidated financial statements
Consolidated<br> balance sheet as at 31 December 2020	3
Consolidated<br> profit and loss account for the year 2020	5
Notes<br> to the consolidated financial statements	6
Notes<br> to the consolidated balance sheet	11
Notes<br> to the consolidated profit and loss account	16
Company-only financial statements
Company-only<br> balance sheet as at 31 December 2020	19
Company-only<br> profit and loss account for the year 2020	21
Notes<br> to the company-only financial statements	22
Notes<br> to the company-only balance sheet	24
Notes<br> to the company-only profit and loss account	28
Reconciliation<br> to US GAAP	29
Consolidated<br> cash flow statement for the year 2020	31
Other information
Independent<br> auditor’s report	32

MobileViewpoint Corporate

B.V.Alkmaar

Consolidated financial statements

Independent auditor’s report

To: the Board of Directors of Mobile Viewpoint Corporate B.V. (Alkmaar, the Netherlands)

Reporton the audit of the financial statements

Our opinion

We have audited the financial statements of Mobile Viewpoint Corporate B.V. (the Company) based in Alkmaar, the Netherlands. The financial statements comprise:

1.	the consolidated and company balance sheet as at 31<br> December 2020 and 2019;
2.	the consolidated and company profit and loss account<br> for 2020 and 2019; and
3.	the notes comprising a summary of the accounting policies<br> and other explanatory information.

In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as of 31 December 2020 and 2019, and the results of its operations for the years then ended in accordance with Part 9 of Book 2 of the Dutch Civil Code.

Basis for our opinion

We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). We have also complied with the requirements under Dutch law, including the Dutch Standards on Auditing. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Emphasis of matter in relation to the reconciliation to US GAAP

These financial statements are prepared to assist the Company to meet the requirements of the US Securities and Exchange Commission. Therefore, we draw attention to Note 39, which reconciles the financial information as at 31 December 2020 and for the year then ended from the accounting principles in Part 9 of Book 2 of the Dutch Civil Code to the accounting principles generally accepted in the United States of America (U.S. GAAP) due to differences that exist between the accounting principles in Part 9 of Book 2 of the Dutch Civil Code and US GAAP. Our opinion is not modified with respect to this matter.

Responsibilitiesof Management for the Financial Statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with Part 9 of Book 2 of the Dutch Civil Code, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the financial statements are issued or available to be issued.

Auditor’sResponsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS, we:

● Exercise professional judgment and maintain professional skepticism throughout the audit.

● Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.

● Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control. Accordingly, no such opinion is expressed.

● Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.

● Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.

Amstelveen, 1 November 2021

For and on behalf of BDO Audit & Assurance B.V.,

J.A. de Rooij RA

| 2 |

| --- |

MobileViewpoint Corporate

B.V. Alkmaar

Consolidated balance sheet as at 31 December 2020

(Afterproposal appropriation of result)

Assets

		31-12-2020		31-12-2019

Fixed assets
Intangible assets	1
Development costs
Property, plant and equipment	2
Other tangible assets
Current assets
Inventories and work in progress
Finished goods for resale and parts	3
Receivables
Trade receivables	4
Taxes and social security charges	5
Other accounts receivable	6
Accruals and prepaid expenses	7

Cash and cash equivalents
Cash
ING Bank N.V.

All values are in Euros.

| 3 |

| --- |

MobileViewpoint Corporate

B.V. Alkmaar

Liabilities

		31-12-2020		31-12-2019

Group equity	8
Provisions
Deferred tax liabilities	9
Current liabilities, accruals and deferred income
Trade payables	10
Liabilities to group companies	11
Payables relating to taxes and social security contributions	12
Other payables	13
Accruals and deferred income	14

All values are in Euros.

| 4 |

| --- |

MobileViewpoint Corporate

B.V.Alkmaar

Consolidated profit and loss account for the year 2020

		2020		2019

Net Turnover	15
Cost of raw materials	16
Wages and salaries	17
Social security charges	18
Pension contributions	19
Depreciation of intangible and tangible fixed assets	20
Other operating expenses	21
Total of sum of expenses
Total of operating result
Other interest and similar income	22
Interest and similar expenses	23
Currency exchange differences
Financial income and expense
Total of result of activities before tax
Income tax expense	24
Total of result after tax

All values are in Euros.

| 5 |

| --- |

MobileViewpoint Corporate

B.V.Alkmaar

Notes to the consolidated financial statements

Entityinformation

Registered address and registration number trade register

The registered and actual address of Mobile Viewpoint Corporate B.V. is Keesomstraat 10 E, 1821 BS in Alkmaar Nederland. Mobile Viewpoint Corporate B.V. is registered at the Chamber of Commerce under number 59790989.

Generalnotes

The most important activities of the entity

The activities of Mobile Viewpoint Corporate B.V. and its group companies consist mainly of developing services and products for mobile data transmission and commercial computer management services.

Disclosure of going concern

The accounting principles applied to the valuation of assets and liabilities and the determination of results in these financial statements are based on the assumption of continuity of the company. The financial impact of the Covid- 19 pandemic is limited. Although a few of our customers operate in an industry that initially became hard due to the consequences of the virus and as a result we have seen a slight decrease in turnover for a few months, this has manifested itself in the recovered during the year and new turnover was also generated as a result of the measures. Because of this, the continuity assumption used is therefore not affected.

Disclosure of group structure

Mobile Viewpoint Corporate B.V. is part of a group. The head of this group is Triple IT Corporate B.V. The financial statements of Mobile Viewpoint Corporate B.V. are included in the consolidated financial statements of Triple IT Corporate B.V.

Disclosure of estimates

In applying the principles and policies for drawing up the financial statements, the directors of Mobile Viewpoint Corporate B.V. make different estimates and judgments that may be essential to the amounts disclosed in the financial statements. If it is necessary in order to provide the transparency required under Book 2, article 362, paragraph 1, the nature of these estimates and judgments, including related assumptions, is disclosed in the notes to the relevant financial statement item.

The impact of the corona crises, which is disclosed in the paragraph ‘Disclosure of going concern’, have not led to revision of estimates in the financial statement.

Disclosure of consolidation

The consolidation includes the financial information of Mobile Viewpoint Corporate B.V., its group companies and other entities in which it exercises control or whose central management it conducts. Group companies are entities in which Mobile Viewpoint Corporate B.V. exercises direct or indirect control based on a shareholding of more than one half of the voting rights, or of which it has the authority to govern otherwise their financial and operating policies. Potential voting rights that can be exercised directly from the balance sheet date are also taken into account.

Group companies and other entities in which Mobile Viewpoint Corporate B.V. exercises control or whose central management it conducts are consolidated in full. Participating interests in group equity and group result are disclosed separately. Participating interests over which no control can be exercised (associates) are not included in the consolidation.

Intercompany transactions, profits and balances among group companies and other consolidated entities are eliminated, unless these results are realised through transactions with third parties. Unrealised losses on intercompany transactions are also eliminated, unless such a loss qualifies as an impairment. The accounting policies of group companies and other consolidated entities have been changed when necessary, in order to align them to the prevailing group accounting policies.

| 6 |

| --- |

MobileViewpoint Corporate

B.V.Alkmaar

The consolidated companies are listed below:

- Mobile Viewpoint B.V., Alkmaar, the Netherlands (100%)

- IQ VideoSolutions B.V., Alkmaar, the Netherlands (100%)

Generalaccounting principles

The accounting standards used to prepare the financial statements

The consolidated financial statements are drawn up in accordance with the provisions of Title 9, Book 2 of the Dutch Civil Code and the Dutch Accounting Standards, as published by the Dutch Accounting Standards Board (‘Raad voor de Jaarverslaggeving’).

Assets and liabilities are generally valued at historical cost, production cost or at fair value at the time of acquisition. If no specific valuation principle has been stated, valuation is at historical cost.

The functional currency

Items included in the financial statements of group companies are measured using the currency of the primary economic environment in which the respective group company operates (the functional currency). The consolidated financial statements are presented in euros, which is the functional and presentation currency of Mobile Viewpoint Corporate B.V.

Foreign currency

Transactions, receivables and liabilities

Transactions in foreign currencies are stated in the financial statements at the exchange rate of the functional currency on the transaction date.

Monetary assets and liabilities in foreign currencies are converted to the closing rate on the balance sheet date of the functional currency. The translation differences resulting from settlement and conversion are credited or charged to the income statement.

Non-monetary assets measured at historical cost in a foreign currency are converted at the exchange rate on the transaction date.

Non-monetary assets (other than goodwill) measured at fair value in a foreign currency are converted at the exchange rate on the date on which the fair value was determined.

Operating leases

The corporation has lease contracts whereby a large part of the risks and rewards associated with ownership are not for the benefit of or incurred by the corporation. The lease contracts are recognised as operational leasing. Lease payments are recorded on a straight-line basis, taking into account reimbursements received from the lessor, in the consolidated profit and loss account for the duration of the contract.

Accountingprinciples

Intangible assets

Intangible fixed assets are stated at historical cost less amortisation. Impairments are taken into consideration; this is relevant in the event that the carrying amount of the asset (or of the cash-generating unit to which the asset belongs) is higher than its realisable value.

With regard to the determination as to whether an intangible fixed asset is subject to an impairment, please refer to the relevant section.

| 7 |

| --- |

MobileViewpoint Corporate

B.V.Alkmaar

Research costs are recognised in the consolidated profit and loss account. Expenditure on development projects is capitalised as part of the production cost if it is likely from both a commercial and technical perspective that the project will be successful (i.e.: if it is likely that economic benefits will be realised) and the cost can be determined reliably. A legal reserve has been recognised within equity with regard to the recognised development costs for the capitalised amount. The amortisation of capitalised development costs commences at the time when the commercial production starts and takes place over the expected future useful life of the asset.

Property, plant and equipment

Other tangible fixed assets are valued at historical cost or production cost including directly attributable costs, less straight-line depreciation based on the expected future life and impairments.

Subsidies on investments will be deducted from the historical cost price or production cost of the assets to which the subsidies relate.

Inventories

Inventories (stocks) are valued at cost price based on the last known purchase price or lower realisable value.

The cost price consists of the historical cost or production cost and costs incurred in order to bring the stocks to their current location and current condition. The production cost includes direct labour and fixed and variable production overheads.

The realisable value is the estimated sales price less directly attributable sales costs. In determining the realisable value the obsolescence of the inventories is taken into account.

Receivables

Receivables are recorded initially at fair value and then at amortised cost, net of any provision for doubtful debts, determined individually. On initial recognition the fair value and the amortised cost are the same as the face value.

Cash and cash equivalents

Cash at banks and in hand represent cash in hand, bank balances and deposits with terms of less than twelve months. Overdrafts at banks are recognised as part of debts to lending institutions under current liabilities. Cash at banks and in hand is valued at nominal value.

Provisions

Provisions are measured at the best estimate of the amount that is necessary to settle the obligation as per the balance sheet date. Provisions are recognised at the present value of the expenditures expected to be required to settle the obligations, where the effect of the time value of money is material. If the period for which the expenditures are discounted is one year or less, other provisions are measured at undiscounted amounts. If a provision is measured at present value, any changes in the provision due to accrued interest are presented as interest expense.

Dutch pension schemes:

Mobile Viewpoint B.V. has a pension scheme to which the provisions of the Dutch Pension Act (‘Pensioenwet’) are applicable. Mobile Viewpoint B.V. pays premiums based on (legal) requirements, a contractual or voluntary basis to an insurance companies. Premiums are recognised as employee cost when they are due. Prepaid contributions are recognised as deferred assets if these lead to a refund or reduction of future payments.

Contributions that are due but have not yet been paid are presented as liabilities.

Deferred tax liabilities

Deferred tax liabilities are recognised for temporary differences between the value of the assets and liabilities under tax regulations on the one hand and the book values applied in these financial statements on the other. The computation of the deferred tax liabilities is based on the tax rates prevailing at the end of the reporting year or the rates applicable in future years, to the extent that they have already been enacted by law.

Deferred tax balances are measured at undiscounted value.

| 8 |

| --- |

MobileViewpoint Corporate

B.V.Alkmaar

Current liabilities

On initial recognition current liabilities are recognised at fair value. After initial recognition current liabilities are recognised at the amortised cost price, being the amount received taking into account premiums or discounts and minus transaction costs. This is usually the nominal value.

Accounting principles for determining the result

The result is the difference between the realisable value of the goods/services provided and the costs and other charges during the year. The results on transactions are recognised in the year in which they are realised.

Revenue recognition

Net turnover comprises the income from the supply of goods and services after deduction of discounts and such like and of taxes levied on the turnover.

Revenues from the goods supplied are recognised when all significant risks and rewards in respect of the goods have been transferred to the buyer.

Revenues from the services rendered are recognised in proportion to the services delivered, based on the services rendered up to the balance sheet date in proportion to the total of services to be rendered.

Gross operating result

The gross margin includes the net turnover, other operating income, costs of raw materials and consumables and costs of work contracted out, and other external costs.

Expenses of employee benefits

Short-term employee cost:

Salaries, wages and social security contributions are charged to the income statement based on the terms of employment, where they are due to employees and the tax authorities respectively.

Pension:

Mobile Viewpoint B.V. applies the liability approach for all pension schemes. The premium payable during the financial year is charged to the result. Changes in the pension provision are also charged to the result. We refer to the valuation principles for assets and liabilities, under Provision for pensions.

Amortisation of intangible assets

Intangible fixed assets are amortised from the date of initial use over the expected future economic life of the asset.

Future amortisation is adjusted if there is a change in estimated future useful life. Gains and losses from the occasional sale are included in depreciation.

Depreciation of property, plant and equipment

Tangible fixed assets are depreciated from the date of initial use over the expected future economic life of the asset, while taking into account any applicable restrictions from tangible fixed assets.

Future depreciation is adjusted if there is a change in estimated future useful life.

Gains and losses from the occasional sale of tangible fixed assets are included in depreciation.

Financialincome and expenses

Interest income and expenses are recognised on a pro rata basis, taking account of the effective interest rate of the assets and liabilities to which they relate. In accounting for interest expenses, the recognised transaction expenses for loans received are taken into consideration.

Exchange differences that arise from the settlement or translation of monetary items are recorded in the profit and loss account in the period in which they occur, unless hedge-accounting is applied.

| 9 |

| --- |

MobileViewpoint Corporate

B.V.Alkmaar

Dividends to be received from participations and securities not carried at net asset value are recognised as soon as Mobile Viewpoint Corporate B.V. has acquired the right to them.

Income tax expense

Tax on the result is calculated based on the result before tax in the consolidated profit and loss account, taking account of the losses available for set-off from previous financial years and exempt profit components and after the addition of non-deductible costs. Due account is also taken of changes which occur in the deferred tax assets and deferred tax liabilities in respect of changes in the applicable tax rate.

In the financial statements of group companies a tax charge is calculated on the basis of the accounting result. The corporate income tax that is due by these group companies is charged into the current accounts with Mobile Viewpoint Corporate B.V.

| 10 |

| --- |

MobileViewpoint Corporate

B.V.Alkmaar

Notesto the consolidated balance sheet

Fixedassets

1Intangible assets

	Development costs

Balance as at 1 January 2020
Cost or manufacturing price
Accumulated amortization
Book value as at 1 January 2020
Movements
Additions
Amortisations
Balance movements
Balance as at 31 December 2020
Cost or manufacturing price
Accumulated amortization
Book value as at 31 December 2020

All values are in Euros.

Amortisation and depreciation on intangible assets over a period of 3 years. This period equals the useful life.

| 11 |

| --- |

MobileViewpoint Corporate

B.V.Alkmaar

2Property, plant and equipment

	Other tangible assets

Balance as at 1 January 2020
Cost or manufacturing price
Accumulated depreciation
Book value as at 1 January 2020
Movements
Additions
Depreciation
Disposals
Depreciation on disposals
Balance movements
Balance as at 31 December 2020
Cost or manufacturing price
Accumulated depreciation
Book value as at 31 December 2020
Depreciation percentages used between 20%-33,3%

All values are in Euros.

| 12 |

| --- |

MobileViewpoint Corporate

B.V.Alkmaar

Currentassets

	31-12-2020	31-12-2019

3 Finished goods for resale and parts
Finished goods for resale
Parts

Receivables
4 Trade receivables
Trade receivables
5 Taxes and social security charges
Value added tax
Company tax
Pension contributions

6 Other amounts receivable
Other amounts receivable
Deposit

7 Accruals and prepaid expenses
Prepaid expenses
Accruals

All values are in Euros.

| 13 |

| --- |

MobileViewpoint Corporate

B.V.Alkmaar

Liabilities

8Group equity

The shareholders’ equity is explained in the notes to the non-consolidated balance sheet.

Provisions

9Deferred tax liabilities

	2020	2019

Balance as at 1 January
Addition
Balance as at 31 December

All values are in Euros.

Deferred tax liabilities are recognised for the taxable temporary differences between the tax base and the accounting base of intangible fixed assets, and it is probable that the temporary difference will not be reversed in the foreseeable future.

Currentliabilities, accruals and deferred income

10Trade payables

Accounts payable	272.542	232.461

11Liabilities to group companies

Current account Triple IT B.V.	607.713	59.904
Current account Triple IT Corporate B.V.	777.947	459.564
	1.385.660	519.468

An interest rate of 4% (2019: 4%) is applicable to the average intercompany balances. In respect of repayment and securities, no agreements have been made.

12Payables relating to taxes and social security contributions

Wage tax	34.994	30.275

13Other payables

Net wages	-	2.116
Audit and consultancy costs	6.370	5.908
Other amounts payable	715.683	159.210
	722.053	167.234

Other amounts payable includes management bonus €600.000.

| 14 |

| --- |

Mobile Viewpoint Corporate

B.V. Alkmaar

	31-12-2020	31-12-2019

14 Accruals and deferred income
Holiday allowance
Accruals and deferred income

All values are in Euros.

Contingentassets and liabilities

Off-balancesheet commitments relating to guarantees

Mobile Viewpoint B.V. issued performance bond for an amount of €30.621 as a guarantee to its contract with customers.

Disclosureof operating leases

As per year end the commitments relating with operating lease can be specified as follows:

Total Due €92.610, within one year €25.800, between one and five years €66.810, longer than five years €0 .

| 15 |

| --- |

MobileViewpoint Corporate

B.V.Alkmaar

Notes to the consolidated profit and loss account
	2020	2019

15 Net Turnover
Turnover
16 Cost of raw materials
Cost of sales
17 Wages and salaries
Wages
Bonus
Sickness benefit

All values are in Euros.

The bonus concerns bonus management due to settlements in the past. The bonus has been paid in 2021.

Averagenumber of employees

2020
		Number
Average number of employees			18,00
2019
			Number
Average number of employees			15,00
18 Social security charges
Social security charges	166.042		139.300
Tax credit WBSO	-27.072		-25.344
	138.970		113.956
19 Pension contributions
Pension charges	18.495		19.259
20 Depreciation of intangible and tangible fixed assets
Amortisation of intangible fixed assets	107.046		96.267
Depreciation of tangible fixed assets	75.352		78.555
	182.398		174.822

| 16 |

| --- |

MobileViewpoint Corporate

B.V.Alkmaar

	2020	2019

Depreciation of tangible fixed assets
Other fixed assets
Charged depreciation costs Triple IT B.V.

21 Other operating expenses
Other expenses of employee benefits
Housing expenses
Selling expenses
Car expenses
Office expenses
General expenses

22 Other interest and similar income
Interest of receivables from group companies
23 Interest and similar expenses
Interest liabilities to group companies
Paid bank interest

Interest liabilities to group companies
Interest current account Triple IT Corporate B.V.
24 Income tax expense
Tax on result
Corporate income tax current financial year
Corporate income tax previous financial year
Deferred corporate income tax
Total

All values are in Euros.

| 17 |

| --- |

MobileViewpoint Corporate

B.V.Alkmaar

Company-only financial statements

| 18 |

| --- |

MobileViewpoint Corporate

B.V. Alkmaar

Company-only balance sheet as at 31 December 2020

(Afterproposal appropriation of result)

Assets

		31-12-2020		31-12-2019
		€	€	€	€
Fixed assets
Financial assets	25		2.801.893		2.256.782
Current assets
Receivables
Receivables from group companies	26		313.231		399.943
Cash and cash equivalents
ING Bank N.V.			989.853		531
			4.104.977		2.657.256

| 19 |

| --- |

MobileViewpoint Corporate

B.V.Alkmaar

Liabilities

		31-12-2020		31-12-2019

Equity	27
Share capital paid called up	28
Share premium
Legal and statutory reserves	29
Other reserve

Provisions
Other provisions	30
Current liabilities, accruals and deferred income
Liabilities to group companies	31
Other liabilities and accrued expenses	32

All values are in Euros.

| 20 |

| --- |

MobileViewpoint Corporate

B.V.Alkmaar

Company-only profit and loss account for the year 2020

		2020		2019

Other operating expenses	33
Total of operating result
Other interest and similar income	34
Interest and similar expenses	35
Financial income and expense
Total of result before tax
Income tax expense

Share in result of participations	36
Total of result after tax

All values are in Euros.

| 21 |

| --- |

MobileViewpoint Corporate

B.V.Alkmaar

Notes to the company-only financial statements

Entityinformation

Registered address and registration number trade register

Generalnotes

The most important activities of the entity

The activities of Mobile Viewpoint Corporate B.V. primarily consist of managing participations.

The location of the actual activities

The actual address of Mobile Viewpoint Corporate B.V. is Keesomstraat 10 E, 1821 BS in Alkmaar.

Generalaccounting principles

The accounting standards used to prepare the financial statements

The company-only financial statements are drawn up in accordance with the provisions of Title 9, Book 2 of the Dutch Civil Code and the Dutch Accounting Standards, as published by the Dutch Accounting Standards Board (‘Raad voor de Jaarverslaggeving’).

The accounting policies for the company financial statements and the consolidated financial statements are the same. Group companies are stated at net asset value in accordance with the consolidated financial statements.

For the accounting policies for the company balance sheet and income statement, reference is made to the notes to the consolidated balance sheet and income statement.

Accountingprinciples

Financial assets

Participations, over which significant influence can be exercised, are valued according to the net asset value method. In the event that 20% or more of the voting rights can be exercised, it may be assumed that there is significant influence.

The net asset value is calculated in accordance with the accounting principles that apply for these financial statements; with regard to participations in which insufficient data is available for adopting these principles, the valuation principles of the respective participation are applied.

If the valuation of a participation based on the net asset value is negative, it will be stated at nil. If and insofar as Mobile Viewpoint Corporate B.V. can be held fully or partially liable for the debts of the participation, or has the firm intention of enabling the participation to settle its debts, a provision is recognised for this.

If the net asset value method is used, newly acquired associates are initially measured based on the fair value of their identifiable assets and liabilities at the acquisition date. For subsequent valuations, the principles that apply for these financial statements are used, with the values upon their initial recognition as the basis.

The amount by which the carrying amount of the participation has changed since the previous financial statements as a result of the net result achieved by the participation is recognised in the company-only profit and loss account.

Participations over which no significant influence can be exercised are valued at historical cost. The result represents the dividend declared in the reporting year, whereby dividend not distributed in cash is valued at fair value.

In the event of an impairment loss, valuation takes place at the recoverable amount; an impairment is recognised and charged to the company-only profit and loss account.

| 22 |

| --- |

MobileViewpoint Corporate

B.V.Alkmaar

Notes to the company-only balance sheet

Fixedassets

25 Financial assets

	31-12-2020	31-12-2019

Shares, certificates of shares and other types of participating interests in group companies
Participation in group company Mobile Viewpoint B.V.
Participation in group company IQ Video Solutions B.V.

All values are in Euros.

Mobile Viewpoint Corporate B.V. has direct interests in the following participations: Fully consolidated
Mobile Viewpoint B.V., Alkmaar, the Netherlands	100	%
IQ Video Solutions B.V., Alkmaar, the Netherlands	100	%
	2020
---	---

Participation in group company Mobile Viewpoint B.V.
Book value as at 1 January
Profit/(Loss)
Book value as at 31 December
Participation in group company IQ Video Solutions B.V.
Book value as at 1 January
Balance movements
Book value as at 31 December

All values are in Euros.

The value of the wholly-owned participation IQ Video Solutions B.V. was set as € 1 as at year-end 2020 (year-end 2019: € 1 ). The subsidiary is consolidated. Mobile Viewpoint Corporate B.V. has not given a liability undertaking or any other guarantee for this company. The negative equity is partly settled with the current account and partly as a provision.

| 23 |

| --- |

MobileViewpoint Corporate

B.V.Alkmaar

Currentassets

Receivables

	31-12-2020	31-12-2019

26 Receivables from group companies
Receivable from Mobile Viewpoint B.V.
Receivable from IQ Video Solutions B.V.

All values are in Euros.

The average intercompany balances bear interest at 4% per annum (2019: 4%). Nothing has been agreed in respect of repayment and securities.

| 24 |

| --- |

Mobile Viewpoint Corporate

B.V. Alkmaar

Liabilities

27Equity

Movements in equity were as follows:

	Share capital paid called up	Share premium	Legal and statutory reserves	Other reserve	Total


Balance as at 1 January 2020
Appropriation of result
Addition in financial year
Decrease to legal and statory reserves
Balance as at 31 December 2020

All values are in Euros.

28Share capital paid called up

The authorised share capital of Mobile Viewpoint Corporate B.V. amounts to €10.000, divided in 10.000 ordinary shares of € 1. Issued capital consists of 10.000 ordinary shares.

Group structure

Triple IT Corporate B.V., established Alkmaar, is the head of the group from which Mobile Viewpoint Corporate B.V. is a part. The financial statements from Mobile Viewpoint Corporate B.V. are included in the consolidated financial statements from Triple IT Corporate B.V., which is published at chambre of commerce in the Netherlands.

On 16 August 2021 Vislink Limited aquired all shares of Mobile Viewpoint Corporate B.V. and from that moment became Mobile Viewpoint Corporate B.V. a part of Vislink Limited.

29 Legal and statutory reserves

The legal reserves are recognised in connection with capitalised development costs of participation in Mobile Viewpoint B.V.

Provisions

30 Other provisions

	31-12-2020	31-12-2019

Provision other participations
Participation IQ Video Solutions B.V.

All values are in Euros.

| 25 |

| --- |

Mobile Viewpoint Corporate

B.V.Alkmaar

Current liabilities, accruals and deferred income
	31-12-2020	31-12-2019

31 Liabilities to group companies
Current account Triple IT B.V.
Current account Triple IT Corporate B.V.

The average intercompany balances bear interest at 4% per annum (2019: 4%).
Nothing has been agreed in respect of repayment and securities.
32 Other liabilities and accrued expenses
Other amounts payable

All values are in Euros.

Subsequentevents

On 16 August 2021, Triple IT Corporate B.V. entered into agreement with Vislink Limited to sell 100% of the outstanding capital of the Company, for an aggregate purchase price of €14.8 million plus the assumption and payment of €717.785 of intercompany indebtedness, all paid by Vislink Limited in cash, subject to certain routine closing adjustments in respect of working capital and net indebtedness.

Proposal on the appropriation of result

The management of the company proposes to appropriate the result as follows:

The appropriation of profit for the period 2020 in the amount of € 535.426 will be fully added to the other reserves.

This proposal is approved by the General Meeting on 19 July 2021, and has already been processed in anticipation in the annual accounts 2020 for the Company.

Articles of association governing profit appropriation

The articles of association stipulate, in accordance with article 20, that the annual profit obtained is at the free disposal of the general meeting. A dividend distribution on the shares is possible, if and insofar as the annual equity is adequate.

| 26 |

| --- |

Mobile Viewpoint Corporate

B.V.Alkmaar

Notes to the company-only profit and loss account Average number of employees
2020
	Number
Average number of employees	-
2019
	Number
Average number of employees	-
	2020	2019
---	---	---

33 Other operating expenses
General expenses
34 Other interest and similar income
Interest of receivables from group companies
Interest of receivables from group companies
Interest current account Mobile Viewpoint B.V.
Interest current account IQ Video Solutions B.V.

35 Interest and similar expenses
Interest liabilities to group companies
Paid bank interest

Interest liabilities to group companies
Interest current account Triple IT Corporate B.V.
36 Share in result of participations
Result from Mobile Viewpoint B.V.
Result from IQ Video Solutions B.V.

All values are in Euros.

| 27 |

| --- |

Mobile Viewpoint Corporate

B.V.Alkmaar

Reconciliation to US GAAP:

Certain transactions and account balances that will be recorded differently when prepared in accordance with generally accepted accounting principles in the United States of America.

Under RJ 270, development costs are capitalized when specific criteria are met. Under US GAAP, these are expensed as incurred. The following table reconciles relevant items in the consolidated balance sheet as at 31 December 2020 and consolidated profit and loss accounts for 2020 to US GAAP:

	Reported under Dutch GAAP	Adjustment	US GAAP

Assets
Intangible fixed assets
Tangible fixed assets
Inventories
Receivables
Cash and cash equivalents
Total
Liabilities
Group equity
Provisions
Current liablities, accruals and deferred income
Total
Profit and loss account
Net Turnover
Cost of raw materials
Wages and salaries
Social security charges
Pension contributions
Depreciation/amortization
Other operating expenses

Interest and simulair income
Currency exchange differences

Income tax expense
Total

All values are in Euros.

| 28 |

| --- |

Mobile Viewpoint Corporate

B.V.Alkmaar

The following table shows the impact of the reconciling item to the movement in equity:

	Share capital paid called up	Share premium	Legal and stator reserves	Retained Earnings	Total

Balance as at 1 januari 2020

Adjustment to US GAAP
Adjustment legal and statutory reserves arising from capitalization of development costs reserves
Adjustment reverse out the intangible fixed assets

Appropriation of adjusted result per US GAAP
Balance as at 31 december 2020

All values are in Euros.

| 29 |

| --- |

Mobile Viewpoint Corporate

B.V.Alkmaar

Consolidatedcash flow statement for the year 2020

A statement of cash flow is not required for small-sized legal entities. The statement of cash flow is required under US generally accepted accounting principles (US GAAP)

		2020

Total of cash flows from (used in) operating activities
Operating result
Adjustments for Depreciation

Changes in working capital
Decrease (increase) in inventories
Decrease (increase) in trade receivables
Decrease (increase) in other receivables
Accruals and prepaid expenses
Increase (decrease) in other payables

Total of cash flows from (used in) operations
Interest paid
Income tax paid

Total of cash flows from operating activities

Total of cash flows from investment activities
Purchase of intangible assests
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Total of cash flows from investment activities
Exchange rate and translation differences on cash
Total of increase in cash and cash equivalents
Movement in cash and cash equivalents
Cash and cash equivalents at the beginning of the period
Increase (decrease) cash and cash equivalents
Cash and cash equivalents at the end of the period

All values are in Euros.

Alkmaar, 1 november 2021

Director

Michael C. Bond

| 30 |

| --- |

MobileViewpoint Corporate

B.V.Alkmaar

Otherinformation

| 31 |

| --- |

MobileViewpoint Corporate

B.V.Alkmaar

Independent auditor’s report

A.Report on the audit of the financial statements 2020

C.Description of responsibilities regarding the financial statements

| 32 |

| --- |

Exhibit99.2

Mobile Viewpoint Corporate B.V.

located, Alkmaar

Report on the financial

statements ending

June 30, 2021

| **Mobile Viewpoint Corporate B.V.**<br><br>**Alkmaar** |

| --- |

Table of<br> contents
	Page
Consolidated financial statements
Consolidated balance sheet as at 30 June 2021	3
Consolidated profit and loss account for the period January 01 – June 30, 2021	5
Notes to the consolidated financial statements	6
Notes to the consolidated balance sheet	11
Notes to the consolidated profit and loss account	16
Reconciliation to US GAAP	18
Subsequent events	18

| **Mobile Viewpoint Corporate B.V.**<br><br>**Alkmaar** |

| --- |

MobileViewpoint Corporate

B.V.Alkmaar

Consolidatedfinancial statements

| 2 |

| --- |

| **Mobile Viewpoint Corporate B.V.**<br><br>**Alkmaar** |

| --- |

Consolidated balance sheet as at 30 June 2021

(Afterproposal appropriation of result)

Assets

		30-06-2021		31-12-2020

Fixed assets
Intangible assets	1
Development costs
Property, plant and equipment	2
Other tangible assets
Current assets
Inventories and work in progress
Finished goods for resale and parts	3
Receivables
Trade receivables	4
Taxes and social security charges	5
Other accounts receivable	6
Accruals and prepaid expenses	7

Cash and cash equivalents
Cash
ING Bank N.V.

All values are in Euros.

| 3 |

| --- |

| **Mobile Viewpoint Corporate B.V.**<br><br>**Alkmaar** |

| --- |

Liabilities

		30-06-2021		31-12-2020

Group equity	8
Provisions
Deferred tax liabilities	9
Current liabilities, accruals and deferred income
Trade payables	10
Liabilities to group companies	11
Payables relating to taxes and social security contributions	12
Other payables	13
Accruals and deferred income	14

All values are in Euros.

| 4 |

| --- |

| **Mobile Viewpoint Corporate B.V.**<br><br>**Alkmaar** |

| --- |

Consolidated profit and loss account for the period 01-01 /30-06-2021

		01-01 /30-06-2021			2020

Net Turnover	15
Cost of raw materials	16
Wages and salaries	17
Social security charges	18
Pension contributions	19
Depreciation of intangible and tangible	20
fixed assets
Other operating expenses	21
Total of sum of expenses
**<br><br>Total of operating result**
Other interest and similar income	22
Interest and similar expenses	23
Currency exchange differences
Financial income and expense
**<br><br>Total of result of activities before tax**
Income tax expense	24
Total of result after tax

All values are in Euros.

| 5 |

| --- |

| **Mobile Viewpoint Corporate B.V.**<br><br>**Alkmaar** |

| --- |

Notes to the consolidated financial statements

Entityinformation

Registered address and registration number trade register

Generalnotes

The most important activities of the entity

The activities of Mobile Viewpoint Corporate B.V. and its group companies consist mainly of developing services and products for mobile data transmission and commercial computer management services.

Disclosure of going concern

The accounting principles applied to the valuation of assets and liabilities and the determination of results in these financial statements are based on the assumption of continuity of the company. The financial impact of the Covid-19 pandemie is small. Although a few of our customers operate in an industry that initially became hard due to the consequences of the virus and as a result we have seen a slight decrease in turnover for a few months, this has manifested itself in the recovered during the year and new turnover was also generated as a result of the measures. Because of this, the continuity assumption used is therefore not affected.

Disclosure of group structure

Disclosure of estimates

The impact of the corona crises, wich is disclosed in the paragraph ‘Disclosure of going concern’, have not led to revision of estimates in the financial statement.

Disclosure of consolidation

The consolidation includes the financial information of Mobile Viewpoint Corporate B.V., its group companies and other entities in wich it exercises control or whose central management it conducts. Group companies are entities in wich Mobile Viewpoint Corporate B.V. exercises direct or indirect control based on a shareholding of more than one half of the voting rights, or of wich it has the authority to govern otherwise their financial and operating policies. Potential voting rights that can be exercised directly from the balance sheet date are also taken into account.

Group companies and other entities in wich Mobile Viewpoint Corporate B.V. exercises control or whose central management it conducts are consolidated in full. Participating interests in group equity and group result are disclosed seperately. Participating interests over wich no control can be exercised (associates) are not included in the consolidation.

| 6 |

| --- |

| **Mobile Viewpoint Corporate B.V.**<br><br>**Alkmaar** |

| --- |

The consolidated companies are listed below:

-	Mobile<br> Viewpoint B.V., Alkmaar, the Netherlands (100%)
-	IQ<br> VideoSolutions B.V., Alkmaar, the Netherlands (100%)

Generalaccounting principles

The accounting standards used to prepare the financial statements

The functional currency

Foreign currency

Transactions, receivables and liabilities

Transactions in foreign currencies are stated in the financial statements at the exchange rate of the functional currency on the transaction date.

Non-monetary assets measured at historical cost in a foreign currency are converted at the exchange rate on the transaction date.

Non-monetary assets (other than goodwill) measured at fair value in a foreign currency are converted at the exchange rate on the date on which the fair value was determined.

Operating leases

Accountingprinciples

Intangible assets

With regard to the determination as to whether an intangible fixed asset is subject to an impairment, please refer to the relevant section.

| 7 |

| --- |

| **Mobile Viewpoint Corporate B.V.**<br><br>**Alkmaar** |

| --- |

Property, plant and equipment

Other tangible fixed assets are valued at historical cost or production cost including directly attributable costs, less straight-line depreciation based on the expected future life and impairments.

Subsidies on investments will be deducted from the historical cost price or production cost of the assets to which the subsidies relate.

Inventories

Inventories (stocks) are valued at cost price based on the last known purchase price or lower realisable value.

The realisable value is the estimated sales price less directly attributable sales costs. In determining the realisable value the obsolescence of the inventories is taken into account.

Receivables

Cash and cash equivalents

Provisions

Dutch pension schemes:

Mobile Viewpoint B.V. has a pension scheme to which the provisions of the Dutch Pension Act (`Pensioenwet’) are applicable. Mobile Viewpoint B.V. pays premiums based on (legal) requirements, a contractual or voluntary basis to an insurance companies. Premiums are recognised as employee cost when they are due. Prepaid contributions are recognised as deferred assets if these lead to a refund or reduction of future payments.

Contributions that are due but have not yet been paid are presented as liabilities.

Deferred tax liabilities

| 8 |

| --- |

| **Mobile Viewpoint Corporate B.V.**<br><br>**Alkmaar** |

| --- |

Deferred tax balances are measured at undiscounted value.

Current liabilities

Accounting principles for determining the result

Revenue recognition

Net turnover comprises the income from the supply of goods and services after deduction of discounts and such like and of taxes levied on the turnover.

Revenues from the goods supplied are recognised when all significant risks and rewards in respect of the goods have been transferred to the buyer.

Gross operating result

The gross margin includes the net turnover, other operating income, costs of raw materials and consumables and costs of work contracted out, and other external costs.

Expenses of employee benefits

Short-term employee cost:

Salaries, wages and social security contributions are charged to the income statement based on the terms of employment, where they are due to employees and the tax authorities respectively.

Pension:

Amortisation of intangible assets

Intangible fixed assets are amortised from the date of initial use over the expected future economic life of the asset.

Future amortisation is adjusted if there is a change in estimated future useful life. Gains and losses from the occasional sale are included in depreciation.

Depreciation of property, plant and equipment

Future depreciation is adjusted if there is a change in estimated future useful life.

Gains and losses from the occasional sale of tangible fixed assets are included in depreciation. Financial income and expenses

Exchange differences that arise from the settlement or translation of monetary items are recorded in the profit and loss account in the period in which they occur, unless hedge-accounting is applied.

| 9 |

| --- |

| **Mobile Viewpoint Corporate B.V.**<br><br>**Alkmaar** |

| --- |

Dividends to be received from participations and securities not carried at net asset value are recognised as soon as Mobile Viewpoint Corporate B.V. has acquired the right to them.

Incometax expense

| 10 |

| --- |

| **Mobile Viewpoint Corporate B.V.** |

---

Notesto the consolidated balance sheet

Fixedassets

1Intangible assets

	Development
	costs

Balance as at 1 January 2021
Cost or manufacturing price
Accumulated amortization
Book value as at 1 January 2021
Movements
Additions
Amortisations
Balance movements
Balance as at 30 June 2021
Cost or manufacturing price
Accumulated amortization
Book value as at 30 June 2021

All values are in Euros.

Amortisation and depreciation on intangible assets over a period of 3 years. This period equals the useful life.

| 11 |

| --- |

| **Mobile Viewpoint Corporate B.V.** |

---

2Property, plant and equipment

	Other tangible
	assets

Balance as at 1 January 2021
Cost or manufacturing price
Accumulated depreciation
Book value as at 1 January 2021
Movements
Additions
Depreciation
Disposals
Depreciation on disposals
Balance movements
Balance as at 30 June 2021
Cost or manufacturing price
Accumulated depreciation
Book value as at 30 June 2021

All values are in Euros.

Depreciation percentages used between 20%-33,3%

| 12 |

| --- |

| **Mobile Viewpoint Corporate B.V.** |

---

Currentassets

	30-06-2021	31-12-2020

3 Finished goods for resale and parts
Finished goods for resale
Parts

Receivables
4 Trade receivables
Trade receivables
5Taxes and social security charges
Value added tax
Company tax
Pension contributions

6Other amounts receivable
Other amounts receivable
Deposit

7Accruals and prepaid expenses
Prepaid expenses
Accruals

All values are in Euros.

| 13 |

| --- |

| **Mobile Viewpoint Corporate B.V.** |

---

Liabilities

8Group equity

The shareholders’ equity is explained in the notes to the non-consolidated balance sheet.

Provisions

9Deferred tax liabilities

	30-06-2021	2020

Balance as at 1 January
Addition
Balance as at 31 December

All values are in Euros.

Currentliabilities, accruals and deferred income

10 Trade payables
Accounts payable	383.931	272.542
11 Liabilities to group companies
Current account Triple IT B.V.	698.264	607.713
Current account Triple IT Corporate B.V.	-	777.947
	698.264	1.385.660

An interest rate of 4% (2019: 4%) is applicable to the average intercompany balances. In respect of repayment and securities, no agreements have been made.

12 Payables relating to taxes and social security contributions
Wage tax	30.251	34.994
13 Other payables
Net wages	-	-
Audit and consultancy costs	15.245	6.370
Other amounts payable	10.766	715.683
	26.010	722.053

Other amounts payable 2020 includes management bonus €600.000.

| 14 |

| --- |

| **Mobile Viewpoint Corporate B.V.** |

---

	30-06-2021	31-12-2020

14 Accruals and deferred income
Holiday allowance
Accruals and deferred income

All values are in Euros.

Contingentassets and liabilities

Off-balancesheet commitments relating to guarantees

Mobile Viewpoint B.V. has provided performance Bond Guarantee for an amount of €30.621.

Disclosureof operating leases

As per year end the commitments relating with operating lease can be specified as follows:

Total Due €79.710, within one year €25.800, between one and five years €53.910, longer than five years €0 ..

| 15 |

| --- |

| **Mobile Viewpoint Corporate B.V.** |

---

Notesto the consolidated profit and loss account

	01-01/30-6-21	2020

15 Net Turnover
Turnover
16 Cost of raw materials
Cost of sales
17 Wages and salaries
Wages
Bonus
Sickness benefit

All values are in Euros.

The bonus concerns bonus management due to settlements in the past. The bonus has been paid in 2021.

18 Social security charges
Social security charges	85.909	166.042
Tax credit WBSO	-16.200	-27.072
	69.709	138.970
19 Pension contributions
Pension charges	10.816	18.495
20 Depreciation of intangible and tangible fixed assets
Amortisation of intangible fixed assets	61.056	107.046
Depreciation of tangible fixed assets	33.459	75.352
	94.515	182.398

| 16 |

| --- |

| **Mobile Viewpoint Corporate B.V.** |

---

	01-01/30-06-21	2020

Depreciation of tangible fixed assets
Other fixed assets
Charged depreciation costs Triple IT B.V.

21 Other operating expenses
Other expenses of employee benefits
Housing expenses
Selling expenses
Car expenses
Office expenses
General expenses

22 Other interest and similar income
Interest of receivables from group companies
23 Interest and similar expenses
Interest liabilities to group companies
Paid bank interest
Interest liabilities to group companies
Interest current account Triple IT Corporate B.V.
24 Income tax expense
Tax on result
Corporate income tax current financial year
Corporate income tax previous financial year
Deferred corporate income tax
Total

All values are in Euros.

| 17 |

| --- |

| **Mobile Viewpoint Corporate B.V.** |

---

25Reconciliation to US GAAP

Certain transactions and account balances that will be recorded differently when prepared in accordance with generally accepted accounting principles in the United States of America. The following table reconciles certain items in the consolidated balance sheet as at 30 June 2021 and consolidated profit and loss accounts for 01-01/30-06-2021 to US GAAP:

	Reported under Dutch GAAP	Adjustment	US GAAP

Assets
Intangible fixed assets
Tangible fixed assets
Inventories
Receivables
Cash and cash equivalents
Total
Liabilities
Group equity
Provisions
Current liabilities, accruals and deferred income
Total
Profit and loss account
Net Turnover
Cost of raw materials
Wages and salaries
Social security charges
Pension contributions
Depreciation/amortization
Other operating expenses

Interest and simulair income
Currency exchange differences

Income tax expense
Total

All values are in Euros.

26Subsequent events

On August 16 2021, Triple IT Corporate B.V. entered into agreement with Vislink Limited to sell 100% of the outstanding capital of the Company, for an aggregate purchase price of €14.8 million plus the assumption and payment of €717.785 of intercompany indebtedness, all paid by Vislink Limited in cash, subject to certain routine closing adjustments in respect of working capital and net indebtedness. The transaction was closed on August 16, 2021.

| 18 |

| --- |

Exhibit99.3

UNAUDITEDPRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

The following unaudited pro forma condensed combined financial information presents the unaudited pro forma condensed combined balance sheet and statements of operations based upon the combined historical financial statements of Vislink Technologies, Inc. (the “Company”), and Mobile Viewpoint Corporate B.V. (“MVP”) after giving effect to the business combination (the “Transaction”) between Vislink Technologies, Inc. and MVP and adjustments described in the accompanying notes.

The following unaudited pro forma condensed combined balance sheet of MVP and the Company, as of June 30, 2021, have been prepared to reflect the effects of the MVP acquisition as if it occurred on June 30, 2021. The unaudited pro forma condensed consolidated statements of operations for the year ended December 31, 2020, and the six months ended June 30, 2021, combine the historical results and operations of MVP and the Company giving effect to the Transaction as if it occurred on January 1, 2020.

The unaudited pro forma condensed combined financial information should be read in conjunction with:

●	Vislink<br> Technologies, Inc.’s audited consolidated financial statements and accompanying notes as of and for the year ending December<br> 31, 2020, as contained in its Annual Report on Form 10-K filed on April 15, 2021, with the United States Securities and Exchange<br> Commission (the “SEC”).
●	Vislink<br> Technologies, Inc.’s unaudited condensed consolidated financial statements and accompanying notes as of and for the six months<br> ending June 30, 2021, as contained in its Quarterly Report on Form 10-Q filed on August 16, 2021, with the SEC.
●	MVP’s<br> audited financial statements as of and for the year ended December 31, 2020, are contained elsewhere in this filing.
●	MVP’s<br> unaudited financial statements as of and for the six months ended June 30, 2021, are contained elsewhere in this filing.
●	The<br> other information is contained in or incorporated by reference into this filing.

Additional information about the basis of presentation of this information is provided in Note 1 hereto.

The unaudited pro forma condensed combined financial information was prepared under Article 11 of Regulation S-X. The unaudited pro forma adjustments reflecting the Transaction have been prepared according to business combination accounting for the acquisition under the acquisition method under ASC 805 “Business Combinations,” and the Company’s decision not to apply pushdown accounting the Transaction. Therefore, the pro forma financial information recognizes the preliminary historical basis of MVP’s acquired assets and liabilities, and any excess of the amount paid over the net assets is preliminarily recognized as Goodwill.

The unaudited pro forma condensed combined financial information is provided for informational purposes only and is not necessarily indicative of the operating results or financial position that would have occurred if the Transaction had been completed as of the dates set forth above, nor is it indicative of the future results or financial position of the combined Company. In connection with the pro forma financial information, the Company allocated the purchase price using its best fair value estimates. Accordingly, the pro forma acquisition price adjustments are preliminary and subject to further adjustments as additional information becomes available and as additional analyses are performed. The unaudited pro forma condensed combined financial information also does not give effect to the potential impact of current financial conditions, any anticipated synergies, operating efficiencies, or cost savings that may result from the Transaction or any integration costs.

| 1 |

| --- |

UNAUDITEDPRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

Descriptionof Transaction

On August 16, 2021, the Company, through a wholly-owned subsidiary, entered into a stock purchase agreement with Triple I.T. Corporate B.V., a private company incorporated in the Netherlands, under which the Company acquired 100% of the outstanding capital of Mobile Viewpoint Corporate B.V., for an aggregate purchase price of €14,824,278 (or approximately $17.5 million based on a USD to EUR exchange rate of 0.85 as of August 13, 2021) plus the assumption and payment of €717,785 of intercompany indebtedness, all paid by the Company in cash, subject to certain routine closing adjustments in respect of working capital and net indebtedness. The Transaction was closed on August 16, 2021.

| 2 |

| --- |

VISLINKTECHNOLOGIES, INC. AND SUBSIDIARIES

PROFORMA CONDENSED COMBINED BALANCE SHEETS

ASOF JUNE 30, 2021

(UNAUDITED)

(INTHOUSANDS, EXCEPT NUMBER OF SHARES AND PAR VALUE DATA)

			MVP DUTCH GAAP				Notes	Pro Forma Adjustments			Notes	Pro Forma Combined
	Note A			Note B
ASSETS
Current assets:
Cash and cash equivalents	55,501		$	788				$	(19,828	)	(b)	$	36,461
Accounts receivable, net	9,069			819					—				9,888
Inventories, net	9,702			2,310					—				12,012
Prepaid expenses and other current assets	2,274			846					—				3,120
Total current assets	76,546			4,763					(19, 828)				61,481
Right of use assets, operating leases	968			—									968
Property and equipment, net	1,159			124					—				1.283
Intangible assets, net	1,508			197		)	(a)		—				1,508
Trade Name									758				758
Proprietary Technology									1.820				1.820
Customer relationships									3,791				3.791
Goodwill	—			—					8.796				8.796
Total assets	80,181		$	5,084		)		$	(4,663	)		$	80,405
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	2,936		$	455				$	—			$	3,391
Accrued expenses	2,449			1,286					—				3,735
Notes payable	682			—					—				682
Current portion of PPP loan	1,168			—					—				1,168
Operating lease obligations, current	485			—					—				485
Customer deposits and deferred revenue	5,387			—					—				5,387
Derivative liabilities	39			—					—				39
Total current liabilities	12,041			1,741									14,887
Long Term liabilities:
Long-term portion of PPP loan	—			—					—				—
Operating lease obligations, noncurrent	1,312			—					—				1,312
Total Long-Term liabilities	1,312			—					—				1,312
Total liabilities	14,458			1,741									16,199
Stockholders’ equity:
Preferred Stock - Preferred stock – 0.00001 par value per share: 10,000,000 shares authorized as of June 30, 2021, and December 31, 2020; -0- shares issued and outstanding as of June 30, 2021, and December 31, 2020	—			—					—				—
Common Stock - Common stock – 0.00001 par value per share, 100,000,000 shares authorized, 45,652,249 and 21,382,290 shares issued and 45,649,590 and 21,379,631 outstanding as of June 30, 2021 and December 31, 2020, respectively	—			—					—				—
Additional paid-in capital	339,514			—					—				339,514
Accumulated other comprehensive income (loss)	134			(91	)				91		(c)		134
Treasury stock, at cost – 2,659, shares at June 30, 2021 and December 31, 2020, respectively	(277	)		—					—				(277	)
Accumulated deficit	(273,648	)		3,434					(4,951	)	(c)		(275,165	)
Total stockholders’ equity	65,723			3,343					(4,860	)			64,206
Total liabilities and stockholders’ equity	80,181		$	5,084				$	(4,860	)		$	80,405

All values are in US Dollars.

Seeaccompanying notes to the unaudited pro forma condensed combined financial statements

| 3 |

| --- |

VISLINKTECHNOLOGIES, INC. AND SUBSIDIARIES

PROFORMA CONDENSED COMBINED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

FORTHE SIX MONTHS ENDED JUNE 30, 2021

(UNAUDITED)

(INTHOUSANDS, EXCEPT NUMBER OF SHARES AND PAR VALUE DATA)

	Vislink<br> Technologies, Inc.			MVP<br> DUTCH GAAP			DUTCH GAAP to<br> <br>US GAAP Adjustments			Notes	Pro<br> Forma Adjustments			Notes	Pro<br> Forma Combined
	Note<br> A			Note<br> B
Revenues
Revenues,<br> net	$	11,640		$	2,394		$	—			$	—			$	14,034
Cost<br> of revenue and operating expenses
Cost<br> of components and personnel		5,770			1,550			—				—				7,320
Inventory<br> valuation adjustments		311			—			—				—				311
General<br> and administrative expenses		7,398			382			37		(a)		1,517		(d)		9,334
Research<br> and development expenses		1,320			—			—				—				1,320
Amortization<br> and depreciation		517			114			(74	)	(a)		397		(f)		954
Total<br> Operating Expenses		15,316			2,046			(37	)			1,914				19,239
(Loss)<br> income from Operations		(3,676	)		348			37				(1,914	)			(5,205	)
Other<br> Income (Expense)
Change<br> in fair value of derivative liabilities		(17	)		—			—				—				(17	)
Gain<br> on settlement of debt		194			—			—				—				194
Other<br> income		2			12			—				—				14
Interest<br> expense		(4	)		(227	)		—				—				(231	)
Total<br> Other Income (Expense)		175			(215	)		—				—				(40	)
Net<br> (loss) income before income tax provision		(3,501	)		133			37				(1,914	)			(5,245	)
Income<br> tax provision		—			(24	)		—				—				(24	)
Net<br> loss (income)	$	(3,501	)	$	109		$	37			$	(1,914	)		$	(5,269	)
Net<br> Loss Per Share Basic and Diluted	$	(0.09	)	$	—		$	—			$	—			$	(0.13	)
Weighted<br> Average Shares Outstanding
Basic<br> and Diluted		41,145			—			—				—				41,145
Comprehensive<br> (loss) income
Net<br> (loss) income	$	(3,501	)	$	109		$	37			$	(1,914	)		$	(5,269	)
Unrealized<br> gain (loss) on currency translation adjustment		(14	)		—			—				—				(14	)
Comprehensive<br> (loss) income	$	(3,515	)	$	109		$	37			$	(1,914	)		$	(5,283	)

Seeaccompanying notes to the unaudited pro forma condensed combined financial statements

| 4 |

| --- |

VISLINKTECHNOLOGIES, INC. AND SUBSIDIARIES

PROFORMA CONDENSED COMBINED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME

FORTHE YEAR ENDED DECEMBER 31, 2020

(INTHOUSANDS, EXCEPT NUMBER OF SHARES AND PAR VALUE DATA)

	Vislink Technologies, Inc.			MVP DUTCH GAAP			DUTCH GAAP to<br> <br>US GAAP Adjustments			Notes	Pro Forma Adjustments			Notes	Pro Forma Combined
	Note A			Note B
Revenues
Revenues, net	$	11,640		$	6,400		$	—			$	—			$	29,282
Cost of revenue and operating expenses
Cost of components and personal		13,867			2,385			—				—				16,252
Inventory valuation adjustments		415			—			—				—				415
General and administrative expenses		17,024			3,050			139		(a)		1,517		(c)		21,730
Gain on lease termination		(21	)		—			—				—				(21	)
Research and development expenses		2,698			—			—				—				2,698
Loss on the abandonment of property and equipment		680			—			—				—				680
Impairment on right-of-use assets		3,801			—			—				—				895
Impairment of inventory		1,411			—			—				—				3,801
Amortization and depreciation		517			208			(122	)	(b)		789		(e)		2,286
Total Operating Expenses		40,770			5,643			17				2,306				48,736
(Loss) income from Operations		(17,888	)		757			(17	)			(2,306	)			(19,454	)
Other income (expense)
Change in fair value of derivative liabilities		8			—			—				—				8
Gain on settlement of related party obligations		331			—			—				—				331
Gain on settlement of debt		90			—			—				—				90
Other income		5			—			—				—				5
Interest expense		(121	)		(30	)		—				—				(151	)
Total other income (expense)		313			(30	)		—				—				283
(Loss) income before income tax provision		17,575			727			(17	)			(2,306	)			(19,171	)
Income tax provision		—			(117	)		—				—				(117	)
Net (Loss) income		(17,575	)		610			(17	)			(2,306	)		$	(19,288	)
Net Loss Per Share Basic and Diluted	$	(1.19	)	$	—		$	—			$	—			$	(1.30	)
Weighted Average Shares Outstanding
Basic and Diluted		14,811			—			—				—				14,811
Comprehensive (loss) income
Net loss	$	(17,575	)		610			(17	)			2,306			$	(19,288	)
Unrealized gain (loss) on currency translation adjustment		(59	)													(59	)
Comprehensive (loss) income		(17,634	)		610			(17	)			(2,306	)			(19,347	)

Seeaccompanying notes to the unaudited pro forma condensed combined financial statements

| 5 |

| --- |

NOTESTO UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

PleaseNote That All Monetary Amounts Other Than Per Share Information Are Presented in Thousands Unless Otherwise Indicated.

1.Basis of Presentation

The unaudited pro forma condensed combined financial information set forth herein is based upon the consolidated financial statements of Vislink Technologies, Inc. and MVP. The unaudited pro forma condensed combined financial information is presented as if the Transaction had been completed on June 30, 2021, with respect to the unaudited pro forma condensed combined balance sheet as of June 30, 2021, and as of January 1, 2020 with respect to the unaudited pro forma condensed combined statements of operations for each of the six months ended June 30, 2021, and for the year ended December 31, 2020.

The unaudited pro forma condensed combined financial information is presented for informational purposes only and is not necessarily indicative of the combined financial position or results of operations had the Transaction occurred as of the dates indicated, nor is it meant to be indicative of any anticipated combined financial position or future results of operations that the combined Company will experience after the completion of the Transaction.

The Company accounts for the acquisition under the acquisition method under ASC 805 “Business Combinations,” and we elected not to apply pushdown accounting to acquire MVP. Therefore, we chose to recognize the preliminary historical basis of MVP’s acquired assets and liabilities. Any excess of the amount paid over the net assets is preliminarily recognized as Goodwill.

Vislink Technologies, Inc.’s consolidated financial information is prepared under U.S. Generally Accepted Accounting Principles (“GAAP”) as issued by the FASB and is presented in U.S. Dollars (“USD”). MVP’s financial information has been historically prepared in accordance with local Financial Reporting Standards (“DUTCH GAAP”) and was presented in Euros (“EUR”) and has been converted for the purpose of this unaudited pro forma condensed consolidated financial information to be consistent with the Vislink Technologies, Inc. presentation.

Pro forma adjustments reflected in the pro forma condensed combined statements of operations are based on factually supportable items, directly attributable to the Transaction.

On July 31, 2020, the Board of Directors approved a 1-for-6 reverse stock split. Upon effectiveness of the reverse stock split, every six shares of an outstanding common stock decreased to one share of common stock. Management has reflected the reverse split herein unless otherwise indicated.

| 6 |

| --- |

NOTESTO UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

UnauditedPro Forma Condensed Combined Balance Sheet – As of June 30, 2021

Note A: Derived from the unaudited condensed consolidated balance sheet of Vislink Technologies, Inc. and its subsidiaries as of June 30, 2021, as presented in the Company’s quarterly 10-Q filing.

Note B: Derived from MVP’s unaudited condensed DUTCH GAAP balance sheet as of June 30, 2021, included below and translated from Euro to USD. The indicated exchange rate used to translate Euro to USD on June 30, 2021, was the rate of 1.185052 as set out in the table below:

Euroto USD Translation:

	MVP		Exchange Rate	MVP
	(Euro)		1.185052	()
Assets
Current assets:
Cash and cash<br> equivalents	€	665
Accounts<br> receivable, net		691
Inventory		1,949
Prepaid<br> expenses and other current assets		714
Total current assets		4,019
Property and equipment, net		105
Intangible assets, net		167
Total assets	€	4,291
Liabilities and stockholders' equity
Current liabilities:
Accounts payable	€	384
Accrued liabilities		1,086
Total current liabilities		1,470
Stockholders’ equity:
Accumulated other comprehensive<br> loss		—			)
Retained earnings		2,821
Total stockholders' equity		2,878
Total Liabilities and Stockholders' Equity	€	4,291

All values are in US Dollars.

| 7 |

| --- |

NOTESTO UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

UnauditedPro Forma Condensed Combined Statement of Operations

Forthe Six Months Ended June 30, 2021

Note A: Derived from the unaudited condensed consolidated statement of operations of Vislink Technologies, Inc. and its subsidiaries for the six months ended June 30, 2021, as presented in the Company’s quarterly 10-Q filing.

Note B: Derived from the unaudited condensed DUTCH GAAP statement of operations of MVP for the six months ended June 30, 2021, included below and translated from Euro to USD. The average exchange rate used to translate Euro to USD for the six months ended June 30, 2021, was the rate of 1.205237 as set out in the table below.

Euroto USD Translation:

	MVP			Exchange Rate	MVP
	(Euro)			1.205237	()
Revenues	€	1,986
Cost of revenue and operating expenses
Cost of components		1,286
General and administrative<br> expenses		317
Amortization<br> and depreciation		95
Total cost of revenue and operating expenses		1,698
Income from operations		288
Other (Expense) Income
Interest income		10
Interest<br> expense		(188	)			)
Total other (expense) income		(178	)			)
Net income before income tax provision		110
Income tax provision		(20	)			)
Net lncome	€	90

All values are in US Dollars.

| 8 |

| --- |

NOTESTO UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

(In Thousands)

UnauditedPro Forma Condensed Combined Statement of Operations

Forthe Year Ended December 31, 2020

Note A: Derived from the audited condensed consolidated statement of operations of Vislink Technologies, Inc. and its subsidiaries for the year ended December 31, 2020, as presented on the Company’s annual 10-K filing.

Note B: Derived from the audited condensed DUTCH GAAP statement of operations of MVP for the year ended December 31, 2020, included below and translated from Euro to USD. The average exchange rate used to translate Euro to USD for the year ended December 31, 2020, was the rate of 1.142298, as set out in the table below.

Euroto USD Translation:

	MVP			MVP
	(Euro)			()
Revenues
Revenues, net	€	5,603
Cost of revenue and operating expenses
Cost of components and personal		2,088
General and administrative expenses		2,670
Amortization and depreciation		182
Total cost of revenue and operating expenses		4,940
Income from operations		663
Other (expense) income:
Interest expense		(26	)		)
Total other (expense) income		(26	)		)
Income before income tax provision		637
Income tax expense		(102	)		)
Net income	€	535

All values are in US Dollars.

| 9 |

| --- |

NOTESTO UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

2.Consideration Transferred and recognized amounts of identifiable assets acquired and liabilities assumed

The following table summarizes the preliminary allocation of the historical value of the assets and liabilities as of August 16, 2021 acquisition date, and the preliminary allocation of the consideration paid in excess of net assets acquired. Material amounts may adjust the preliminary allocation to certain assets and liabilities as the Company finalizes its analysis of MVP.

Fair value of consideration transferred:
Cash	$	18,311,000
Recognized amounts of identifiable assets acquired and liabilities assumed:
Cash	$	965,000
Accounts receivable, net		911,000
Inventories, net		2,534,000
Prepaid expenses and other current assets		625,000
Property and equipment, net		149,000
Accounts payable		(507,000	)
Accrued expenses		(551,000	)
Customer deposits and deferred revenue		(293,000	)
Total identifiable net assets	$	3,833,000
Consideration paid	$	18,311,000
Total identifiable net assets acquired		3,833,000
Excess of consideration paid over net assets acquired	$	14,478,000
Preliminary allocation of the consideration paid in excess of the net assets acquired:
Trade name	$	730,000
Proprietary technology		1,850,000
Customer relationships		3,723,000
Goodwill		8,175,000
Total intangible assets acquired	$	14,478,000

| 10 |

| --- |

NOTESTO UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

3.Intangible Assets Acquired

The Purchaser acquired intangible assets from MVP as a result of the Transaction. The Tradename, Proprietary Technology, and Customer Relationships are intangible assets noted to have a finite life while Goodwill has an indefinite life span. The finite life intangible assets will be amortized using the straight-line method of the respective lives of each asset, while the indefinite life intangible assets will not be amortized.

Based thereon, below are the acquired intangibles with their relative useful lives and method of amortization

Intangible Asset	Useful Life	Amortization Method
Tradename	15<br> Years	Straight-line
Proprietary<br> Technology	5<br> Years	Straight-line
Customer<br> Relationships	10<br> Years	Straight-line
Goodwill	Indefinite	N/A

The pro forma condensed combined statements of operations above for the periods ending June 31, 2021, and December 31, 2020, both include pro forma adjustments related to the amortization of the intangible assets acquired. For pro forma purposes, the finite life intangible assets are amortized on a straight-line basis beginning on January 1, 2020, as if the Transaction occurred on that date.

| 11 |

| --- |

NOTESTO UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

5.Income Tax Adjustments

The entity of Mobile Viewpoint Corporate B.V. is subject to the local taxing authorities of the Netherlands. The tax consequences subject to the entity are indeterminable at the time of this filing.

6.Detailed Notes – DUTCH GAAP to US GAAP Adjustments

(a)	To<br> reclassify foreign currency differences to general and administrative expense and derecognize intangible assets related to<br> research and development cost capitalized under Dutch GAAP to conform to US GAAP.

7.Detailed Notes – Pro Forma Adjustments

(b)	To<br> reflect one-time and nonrecurring transaction costs associated with the acquisition of $1,517 million and the acquisition price of<br> $18,311 million.
(c)	Adjustment<br> to eliminate historical June 30, 2021, MVP retained earnings of $3,434 million, recognized the $1,517 million of one-time<br> nonrecurring transactions costs, and eliminated accumulated other comprehensive income generated by MVP of $0.91 million.
(d)	to<br> recognize the $1,517 million of one-time nonrecurring transactions costs
(e)	amortization<br> recognized on intangible assets for the year ended December 31, 2020.
(f)	amortization<br> recognized on intangible assets for the six months ended June 30, 2021.
(g)	Preliminary<br> allocation of the consideration paid in excess of the net assets<br> acquired on June 30, 2021 (in thousand) is as follows:
Consideration paid	$	18,311
---	---	---	---
Net assets acquired:
Total MVP assets	$	5,084
Total MVP liabilities		(1,741	)
Local to US GAAP adjustment		(197	)
Net assets acquired		3,146
Excess of consideration paid over net assets acquired	$	15,165
Allocation of the consideration paid in excess of the net assets acquired:
Trade name	$	758
Proprietary technology		1,820
Customer relationships		3,791
Goodwill		8,796
	$	15,165

| 12 |

| --- |