On October 2, 2017, Spindle, Inc. (the “Company”) entered into a binding term sheet (the “Binding Term Sheet”) whereby the Company would acquire all of the shares of a privately held payments processing company (the “Acquisition”). The closing date for the Acquisition was extended until March 31, 2018. The Binding Term Sheet was previously filed with certain confidential information omitted and submitted to the Securities and Exchange Commission with a confidential treatment request.
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