Infrax Systems Inc (IFXY)

[pj123]

http://archive.fast-edgar.com/20160906/AO2WA22CZ227N2M2222D22D2BQGRZZ228282

On March 30, 2016, HempTech Corp completed a purchase agreement with Infrax Systems to buy certain assets of the company, which are as follows:



Asset* Purchase Price
Computer Equipment $ 41,153.50
Computer Software $ 2,750.00
Furniture & Fixtures $ 26,500.00
Telephone Equipment $ 2,172.00
Propriety Software $ 180,020.00
Trimax Intellectual property $ 500,000.00
Total $ 752,595.50



*This transaction is considered to be a Related Party Transaction since our CEO, Sam Talari, is a director and a majority holder of Infrax Systems


On March 30, 2016, HempTech Corp completed a purchase agreement with Infrax Systems to buy certain assets of the company, which are as follows:



Asset* Purchase Price
Computer Equipment $ 41,153.50
Computer Software $ 2,750.00
Furniture & Fixtures $ 26,500.00
Telephone Equipment $ 2,172.00
Propriety Software $ 180,020.00
Trimax Intellectual property $ 500,000.00
Total $ 752,595.50



*This transaction is considered to be a Related Party Transaction since our CEO, Sam Talari, is a director and a majority holder of Infrax Systems