Exhibit 99.2
| PROPERTY NAME |
OWNER NAME |
Property Type |
#
of UNICOINS in Asset Swap Agreement* |
Appraisal Value** |
Country | TransparentBusiness,
Inc. Date Signed |
Type
of Contract Signed |
Asset
Swap Counterparty |
Expected
Future Owner of the Real Estate |
Seller
Provided Appraisal Date |
Type of Appraisal |
Name of Appraisal Company |
Appraiser License # |
Appraisal Value in Philippine Peso |
| [**] | [**] | Commercial | 3,482,724,000 | $621,915,000 | Philippines | June 9, 2026 | Asset Swap | TransparentBusiness, Inc. | 140 R. E. PROPERTIES INC. | March 25, 2024 | Licensed Philippine Appraiser | Gregory B. Billedo | 1652 | 35,381,000,000 |
| [**] | [**] | Commercial | 2,109,060,800 | $376,618,000 | Philippines | June 9, 2026 | Asset Swap | TransparentBusiness, Inc. | 140 R. E. PROPERTIES INC. | Pending updated Appraisal | Pending updated Appraisal | Pending updated Appraisal | Pending updated Appraisal | Pending updated Appraisal |
| [**] | [**] | Undeveloped Land | 1,893,411,204 | $338,109,144 | Papua New Guinea | June 9, 2026 | Asset Swap | TransparentBusiness, Inc. | 140 R. E. PROPERTIES INC. | Pending updated Appraisal | Pending updated Appraisal | Pending updated Appraisal | Pending updated Appraisal | Pending updated Appraisal |
| [**] | [**] | Multi-use Development | 744,492,000 | $132,945,000 | Philippines | June 9, 2026 | Asset Swap | TransparentBusiness, Inc. | 140 R. E. PROPERTIES INC. | Pending updated Appraisal | Pending updated Appraisal | Pending updated Appraisal | Pending updated Appraisal | Pending updated Appraisal |
| [**] | [**] | Undeveloped Land | 366,601,940 | $65,464,632 | Philippines | June 9, 2026 | Asset Swap | TransparentBusiness, Inc. | 140 R. E. PROPERTIES INC. | March 16, 2024 | Licensed Philippine Appraiser | Gregory B. Billedo | 1652 | 3,660,514,000 |
| [**] | [**] | Commercial | 78,741,908 | $14,061,055 | Philippines | June 9, 2026 | Asset Swap | TransparentBusiness, Inc. | 140 R. E. PROPERTIES INC. | February 9, 2024 | Licensed Philippine Appraiser | Bill Bland Boado | 7091 | 664,186,000 |
| [**] | [**] | Commercial | 51,570,488 | $9,209,016 | Philippines | June 9, 2026 | Asset Swap | TransparentBusiness, Inc. | 140 R. E. PROPERTIES INC. | June 13, 2024 | Licensed Philippine Appraiser | Bill Bland Boado | 7091 | 395,820,000 |
| [**] | [**] | Commercial | 48,106,800 | $8,590,500 | Philippines | June 9, 2026 | Asset Swap | TransparentBusiness, Inc. | 140 R. E. PROPERTIES INC. | Pending updated Appraisal | Pending updated Appraisal | Pending updated Appraisal | Pending updated Appraisal | Pending updated Appraisal |
| [**] | [**] | Commercial | 35,000,000 | $6,250,000 | Philippines | June 9, 2026 | Asset Swap | TransparentBusiness, Inc. | 140 R. E. PROPERTIES INC. | August 18, 2023 | Licensed Philippine Appraiser | Engr. Christopher O. Casuncad | 6725 | 350,000,000 |
| [**] | [**] | Commercial | 31,558,060 | $5,635,368 | Philippines | June 9, 2026 | Asset Swap | TransparentBusiness, Inc. | 140 R. E. PROPERTIES INC. | June 13, 2024 | Licensed Philippine Appraiser | Bill Bland Boado | 7091 | 421,340,000 |
| [**] | [**] | Residential | 10,212,972 | $1,823,745 | Philippines | June 9, 2026 | Asset Swap | TransparentBusiness, Inc. | 140 R. E. PROPERTIES INC. | April 19, 2024 | Licensed Philippine Appraiser | Erwin Adams L. Ringor | 11283 | 105,000,000 |
| 8,851,480,172 | $1,580,621,460 | |||||||||||||
| * = TransparentBusiness expects to issue UNCN (token address 0xF12Cbb0B9a0Bcc6Fc6782775f513bEe049516Ac9) for the Philippine and Papua New Guinea asset swap contracts. | ||||||||||||||
| ** = All seller provided appraisals were denominated in Philippine peso. TransparentBusiness used a conversation amount ($/Philippine Peso, https://www.oanda.com/currency-converter/en/?from=EUR&to=USD&amount=1) based on the rate on the day the initial/first appraisal was made. | ||||||||||||||