Crimson Forest Entertainment Group Inc. (CRIM)

[MoneyMan]

For god's sake.

Stock Purchase Agreement

On November 3, 2014, the Company entered into a Stock Purchase Agreement with China Film Assist Co., Ltd. (CFA). Pursuant to the terms of the Stock Purchase Agreement, the Company agreed to issue and sell an aggregate of 10,000,000 shares of the Company’s Common Stock to CFA at a price of $0.50 per share for aggregate gross proceeds of $5,000,000.

The Company expects to close the transaction in installments as follows:

i) 10% of the shares shall be purchased upon 5 working days after execution of the Stock Purchase Agreement;

ii) 40% of the shares shall be purchased upon on or before December 15, 2014;

iii)
50% of the shares shall be purchased upon on or before January 15, 2015;

The Company will use 80% of the net proceeds from the sales of the shares to produce the motion picture project, and 20% of the net proceeds from the sales of the shares as working capital of the Company.

As of November 30, 2014, no share has been purchased and the proceeds received by the Company were $0.