Solei Systems Inc. (fka SOLI)

[Talc Moan]

SOLI 8k Massive 15 Million Dollar acquisition for SOLI!

Effective January 7, 2019, we entered into a binding letter of intent (the “LOI” or the “Agreement”) with KB Medical Systems, LLC (“KB”) which sets forth the preliminary terms and conditions of the proposed acquisition of the assets of KB by Solei Systems, Inc. (“SOLI” or the “Company”) , free and clear of all debts, liabilities and claims of any creditor of or claimant against KB Medical Systems, LLC, except as expressly listed on Schedule “1” or as otherwise agreed by the parties at Closing. The proposed acquisition will be undertaken through the issuance of common shares of SOLI to KB in a transaction that qualifies for non-recognition treatment under Section 351 of the Internal Revenue Code of 1986, as amended (the “Code”), having an average market value at closing of $ 15 million (the “Stock”), based on the average market closing price for SOLI common stock for the five (5) trading days ending the day prior to the day of the closing (the “Acquisition”), plus an additional $5 million in capital contributions to the business of KB known as CareClix after the Acquisition.

Will read later and ask Ihub to post it!

https://www.otcmarkets.com/filing/html?id=13156371&guid=Rm68UFjYHsZvg3h