Posted On: 03/03/2015 4:44:42 AM
Post# of 1456
$FWDG - Infrax buys HempTech for $60million!
The purchase price for the ASSETS AND STOCK PURCHASE AGREEMENT (the “Purchase Price”) shall be sixty million dollars ($60,000,000). Infrax Systems shall pay;
1-Ten million dollars ($10M) in cash, payable in installments as convertible notes. The cash payment shall be made available through operational revenue and/or registration by the Company.2-Ten million dollars ($10M) in Common Stock, par value $0.001.3-Forty million dollars ($40M) in Preferred Shares Series A1, or 33,000,000 shares, par value $0.001, of Infrax Systems, Inc. Each Preferred Shares Series A1 is convertible into 88.89 shares of Common Shares.
http://www.otcmarkets.com/edgar/GetFilingHtml...D=10530043
The purchase price for the ASSETS AND STOCK PURCHASE AGREEMENT (the “Purchase Price”) shall be sixty million dollars ($60,000,000). Infrax Systems shall pay;
1-Ten million dollars ($10M) in cash, payable in installments as convertible notes. The cash payment shall be made available through operational revenue and/or registration by the Company.2-Ten million dollars ($10M) in Common Stock, par value $0.001.3-Forty million dollars ($40M) in Preferred Shares Series A1, or 33,000,000 shares, par value $0.001, of Infrax Systems, Inc. Each Preferred Shares Series A1 is convertible into 88.89 shares of Common Shares.
http://www.otcmarkets.com/edgar/GetFilingHtml...D=10530043
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