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Re: diannedawn post# 91496

Monday, 03/31/2014 8:39:05 AM

Monday, March 31, 2014 8:39:05 AM

Post# of 105534
FROZ
Effective as of March 12, 2014 the Company entered into a Claim Purchase Agreement with a third party calling for payment by the third party to the Company in exchange for the Company’s claims against Frozen Food Gift Group, Inc. (“FROZ”), as set forth in a Mutual General Release described below (“Release”). Payment shall be made by the third party to the Company upon the happening of certain events, provided that both parties have the right to cancel the agreement if those events have not taken place within 90 days of the effective date of the Claim Purchase Agreement.

The Company entered a Mutual General Release with FROZ effective as of March 5, 2014, with the mutual releases and negative covenants contained therein not taking effect until such time as the Company receives payment under the Claim Purchase Agreement as described above.


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9888810

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