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Disclaimer
$NHYT Item 1.01 Entry into a Material Definitive Agreement.
On July 19, 2013, the corporation entered into an agreement to purchase Couponz, Inc. The Agreement calls for all of the right, title and interest in and to 100% of the ownership interest in COUPONZ, INC. (the "Ownership Interest") will be exchanged for the right to receive 24,514,319 shares of preferred stock of NeoHydro Technologies Corp. (the "Exchange Shares") and $100,000 ($100,000 of which is acknowledged to have previously been received). It is agreed that the preferred shares issued hereunder shall be designated as 1 to 15 voting and 1 to 2.5 convertible to common. Couponz, Inc. is now a wholly-owned subsidiary of NeoHydro and NeoHydro has acquired the business and operations of Couponz, Inc. The Exchange Agreement contains customary representations, warranties, and conditions. It should be noted that David Gasparine, the sole director of NeoHydro Technologies Corp., is also the controlling shareholder of Couponz, Inc., and, as such, this transaction should be considered to be a related-party transaction.
