Xfuels Inc (XFLS)

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On February 23rd, 2023, as part of a settlement package with Mr. McLaren, McLaren acquired the technologies of Xfuels and its predecessors. A settlement agreement for $1,674,096.07 was executed and Mr. McLaren simultaneously sold those assets to Cycle Energy Technologies via Cycle Energy Corp. for a convertible note of the same value bearing 7% interest per annum and a conversion rate of 50% discount on the previous 5 day average closing.