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Re: WanMan post# 12037

Thursday, 05/22/2014 10:16:43 AM

Thursday, May 22, 2014 10:16:43 AM

Post# of 13148
Read the 10Q


Purchase Agreement with MJ Enterprises
On January 30, 2014, NaturalNano, Inc. entered into a purchase agreement to acquire all the issued and outstanding membership units of MJ Enterprises (“MJE”) from Jackson August Holdings, LLC, JFish, LLC and A dventure CNY LLC. MJE is in the business of developing, manufacturing, marketing, distributing and selling plating products through GSP LLC. a wholly owned subsidiary. In May 2014 the Company determined that the transaction should not proceed after due diligence was completed. MJE has committed to return proceeds advanced by NNAN which includes a loan of $200,000 collateralized with assets of the MJE and Personal Guarantees

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