Wednesday, August 24, 2016 4:49:57 PM
During 2012 Umbra Applied Technologies, Inc. (“UAT”) executed five (5) technology purchase agreements with
unrelated parties. The buyer (UAT) and seller mutually agreed on the purchase prices which were paid in UAT
shares. UAT was acquired by UATG in November 2013.
The total purchase price for those assets was $35,390,000 which was recorded on the UATG financial statements
at $4,896,800 originally as goodwill and subsequently restated to Intellectual Property
Technology description Purchase Price
Water Purification and desalination $15,000,000
Pegasus Hybrid Project (aerospace technology) $10,000,000
BuzzSwat (security technology) $2,000,000
Rigid (medical technology) $7,000,000
Security, battery and alternative technologies $1,390,000
sub-total $35,390,000
valuation adjustment ($30,493,200)
Net $4,896,800
pag 20 http://www.otcmarkets.com/financialReportViewer?symbol=UATG&id=159456
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