Sugarmade Inc (SGMD)

[doogdilinger]

Under the agreements, the Company has already paid $870,000.00 cash and issued 200,000,000 shares to the sellers.

The Company and BZRTH are expected to execute the definitive agreement on or before October 31, 2019. The total additional consideration to be paid by the Company (with the credit for the prior payments) to acquire BZRTH is 450,000,000 shares of the Company’s common stock and 3,000,000 shares of Series B convertible preferred stock under the SEA; and Promissory notes in the sum of $7,130,000.00 due on or before October 31, 2021 to BZRTH shareholders.