(no reverse split until the following) "(iii) Designate and reserve an aggregate of 800 shares of TSMI Preferred Series E Stock to be used in the transactions contemplated by the Transaction Documents. Of the aforementioned amount, issue an aggregate of 580 shares of TSMI Preferred Series E Stock to F Squared Hemp Stockholders to be held in escrow until such time as the following agreed upon performance milestones have been reached:
i. Milestone 1- Achieving $10 million in sales within 90 days of execution of this letter or a minimum gross profit of $500,000; or
ii. Milestone 2- Achieving $30 million in revenue within 180 days of execution of this letter or a minimum gross profit of $1,500,000 The Company cannot recapitalize and/or reverse split the common stock prior to F Squared Hemp meeting the above milestones."
"To:john.flynn@fsquaredcbd.com Mar 18 at 2:26 PM I recently read the other day in the recent 8k filing of TSMI penny stock that your company is merging into the TSMI shell.
Is this true?
I am a current shareholder in TSMI stock as of this morning, so I was wondering if the 8k filing is accurate and true.
I bought in because I read on the otcmarkets in the 8k filing that your f squared hemp company is merging into the TSMI shell.
thank you"
-------------------------------------------- John Flynn <john.flynn@fsquaredcbd.com> Mar 18 at 3:00 PM The filing is accurate.
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