Thursday, April 18, 2019 1:33:15 PM
a)(2) Pursuant to the material definitive agreement, the Registrant agreed to acquire twenty percent (equal to 200,000) of NPE’s authorized shares in exchange for Registrant’s payment of two million dollars and 70,422,535 shares of Registrant’s restricted common stock. The Registrant’s payment obligations are governed by a stock purchase agreement which requires the Registrant to the following payment schedule:
a. Deposit of $350,000 within 5 days of the execution of the material definitive agreement;
b. Deposit of $250,000 payable within 30 days;
c. Deposit of $400,000 within 60 days;
d. Deposit of $500,000 within 75 days;
e. Deposit of $500,000 within 90 days
DILUTION AND SHORTING to pay for this.
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