Argentum 47 Inc (ARGQ)

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ITEM 1.01 ENTRY INTO MATERIAL DEFINITIVE AGREEMENT.



On December 4, 2019, GEP Equity Holdings Limited (herein referred to as the “Seller”) a fully owned subsidiary of Argentum 47, Inc. entered into a legally binding stock purchase agreement with Quartal Financial Solutions AG (herein referred to as the “Purchaser”) a fully owned subsidiary of Quartal Financial Solutions Inc. In such agreement, the Seller agreed to sell to the Purchaser 227,100 common restricted shares of Quartal Financial Solutions Inc. for a total consideration of 170,325 Swiss Francs (equivalent to U.S.$170,100 at the date of the agreement).



On December 10, 2019, as per the agreement, the Purchaser wired the total consideration to our Attorney, Mr. David E. Wise, Esq., to be held in escrow.



On December 13, 2019, the beneficial ownership of the Quartal Financial Solutions Inc. common restricted shares was formally transferred from GEP Equity Holdings Limited to Quartal Financial Solutions AG and the total consideration was released to the Seller.



ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.