WeedHire International Inc (WDHR)

[swingingRichard]

Assignee (that's WDHR) entered into an Asset Purchase Agreement with AnythingIT, LLC

Yeah. There's just nothing like that at all. All the purchasing of assets, it don't me diddly.

Item 2.01. Completion of Acquisition or Disposition of Assets.

On December 31, 2015, WeedHire International, Inc. (the “Company”), having determined that it could no longer operate its business as it was then constituted, filed an assignment for the benefit of creditors proceeding in Delaware Court of Chancery and assigned its assets to Turnaround Strategies, Inc. (“Assignee”). An assignment for the benefit of creditors is a method of liquidating a business.

On April 4, 2016, Assignee entered into an Asset Purchase Agreement with AnythingIT, LLC (“Purchaser”), pursuant to which Assignee agreed to sell and Purchaser agreed to purchase and assume from Assignee, the rights and obligations of Assignee to the Company’s assets as set forth in the Asset Purchase Agreement. Purchaser also agreed to pay, perform and discharge the liabilities and obligations of the Company, which total approximately $618,918, as set forth in the Asset Purchase Agreement.

The purchase price for the assets is $35,000 in cash, plus the assumption of the assumed liabilities as set forth in the Asset Purchase Agreement. The Asset Purchase Agreement contains customary representations and warranties.