Item 1.01 Entry into Material Definitive Agreement.

The information set forth in Item 1.02 below is hereby incorporated by reference into this Item 1.01.

Item 1.02 Termination of a Material Definitive Agreement.

As previously disclosed, on July 25, 2022, DHC Acquisition Corp ("DHC"), a blank check company incorporated as a Cayman Islands exempted company, entered into a Business Combination Agreement and Plan of Reorganization (the "Business Combination Agreement") by and among DHC, Glory Merger Subsidiary Corp., a Delaware corporation and a direct wholly owned subsidiary of DHC ("Merger Sub") and With Purpose, Inc. (d/b/a GloriFi, Inc.) a Delaware corporation ("GloriFi").

On January 26, 2023, DHC sent GloriFi written notice that DHC had terminated the Business Combination Agreement, pursuant to Section 9.01(i) and Section 9.01(f) the Business Combination Agreement. DHC's decision to terminate the Business Combination Agreement took into account the fact that GloriFi publicly announced that GloriFi was winding down its operations and closing its digital banking platform and other products.

As a result of the termination of the Business Combination Agreement, each of the Ancillary Agreements (as defined in the Business Combination Agreement) were terminated.

DHC intends to consider other acquisition opportunities, while recognizing existing market conditions and the limited remaining time for DHC to consummate a business combination, which must occur by March 4, 2023.

For a description of the Business Combination Agreement, please refer to the Current Report on Form 8-K filed by DHC on July 25, 2023.

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