Third Life World signs control share purchase agreement for TMGI

Third Life World, LLC said on Oct. 08, 2026 that it signed a definitive Control Share Purchase Agreement with Transglobal Management Group, Inc. (OTC: TMGI) and its controlling shareholder, Marc Angell. Under the agreement, Third Life World is set to acquire voting control of TMGI, which expects to make Third Life World's platform its core operating business.

The transaction includes the Series A Preferred control block, which holds a majority of the voting rights. TMGI will create a new Series B Preferred Stock to help fund the purchase. At closing, Marc Angell will step down from his officer positions at TMGI and will remain available as a consultant to support the transition. Third Life World will name new management and board designees in line with applicable notice and filing requirements.

Closing remains subject to customary conditions, including transfer-agent processing and the filing of the Series B Certificate of 08 2026. As of September 14, 2026, the platform said it had 4,780 players, 5,004 AI agents and 2,111 of 5,625 land parcels claimed, with 25 building types available. The platform said it generates revenue from a 1% fee on in-world transactions, agent creation, premium agent subscriptions and land and building sales. The company also said it offers an API that allows outside developers to connect their own AI agents to the world.

Over the next six months, the company said it plans to launch Version 3 of the world with map visibility, NPC movement, vehicles and deeper customization, and to release mobile apps on the Apple App Store and Google Play. It also plans to publish public API documentation and onboard outside developers. Third Life World said it aims to grow toward its target of 50,000 users. In management commentary, Jorge Guinovart, Managing Member of Third Life World, LLC, said taking control of a public company gives the firm a platform to scale.

He said the company has built a live world where AI agents already own land and build and trade around the clock. Guinovart said the deal would help bring that to a larger audience, fund mobile and Version 3, and give the community a transparent public company to follow. Outgoing TMGI CEO Marc Angell said he is pleased to hand TMGI to a team with a live product and a clear plan, and said he looks forward to supporting the transition. Guinovart, 723 South 7th Street, Las Vegas, Nevada 89101, and Marc Angell for TMGI were listed in the release.

The statement included forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including comments on the closing of the transaction, future operations, product launches, user growth, revenue and management changes. It said words such as "expects," "plans," "will," "target" and similar expressions identify forward-looking statements, and that the statements are subject to risks and uncertainties including closing conditions, capital raising, product development and app store approval timelines, market acceptance, competition, regulatory developments affecting digital assets, and risks described in TMGI's SEC filings.

The release said neither the Company nor Third Life World undertakes any obligation to update these statements except as required by law, and added that $AMETA is an in-world utility currency used within the Third Life World. October 08, 2026 11:00 ET (15:00 GMT) The statements in this document are not to be treated as an objective or independent explanation of the matters. It has not been prepared under legal requirements intended to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination or publication of investment research.