$SGMD At closing and upon the completion of a succ

$SGMD At closing and upon the completion of a successful audit of up to two years of financials, the Company will pay Sky Unlimited an additional 210 million common shares. At closing Sugarmade will pay the owners a maximum value of 20% of the transaction value in cash, which is initially contemplated to be $8 million, or will allow Sky Unlimited to exercise an option to convert a portion of the cash payment or the entire cash payment into common shares at a price of $0.10 per share. The LOI also outlines specific incentives that contemplate allowing Sky Unlimited to gain additional Company shares based on surpassing specific revenue goals and conversely to receive a smaller payment in Company shares should the revenue targets not be reached. It is expected the specifics of these incentives will be fully outlined in the definitive agreement.

https://finance.yahoo.com/news/sugarmade-sign...00077.html

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