On August 26, 2014, Integrated Inpatient Solutions, Inc. (the “Company”), entered into a Share Exchange Agreement (the “Exchange Agreement”) pursuant to which the Company agreed to acquire all of the outstanding capital stock of Integrated Timeshare Solutions, Inc., a Nevada corporation (“ITS”) in exchange for newly issued shares of the Company’s common stock, $0.0001 par value per share (the “Common Stock”), which were issued to the former stockholders of ITS (the “Exchange”) as described herein. Accordingly, as a result of the Exchange, ITS is now a wholly owned subsidiary of the Company. Upon the execution of the Exchange Agreement, an aggregate of 47,278,938 shares of Common Stock were issued to the former ITS stockholders. If the Company generates a minimum of $7,500,000 in gross revenue from the business of ITS within twelve months of the date of the Exchange Agreement an additional 47,278,938 shares of Common Stock will be issued to the former ITS stockholders and if the Company generates a minimum of $10,000,000 in gross revenue from the business of ITS within eighteen months of the date of the Exchange Agreement a further 47,278,938 shares of Common Stock will be issued to the former ITS stockholders. In sum, if both milestones are met, a total of 141,836,814 shares of Common Stock will be issued to the former ITS stockholders.
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