ProTek Capital Inc (PRPM)

[Nando]

Paragon Square Inc. and Protek Capital Inc. sign a Binding LOI
July 26, 2024


Protek Capital Inc. Trading under Ticker PRPM on the OTCMarkets has recently signed a binding LOI with Paragon Square Inc. to become a majority owned subsidiary.

Under this agreement regardless of wether or not the transaction becomes finalized. Paragon Square Inc. will pay Protek Capital Inc. 3,000,000 Preferred D shares with the following rights:

A. The shares have no Voting Rights

B. The shares are not Convertible

C. The shares have a first rights buyout by Paragon Square Inc. for 2.00 per share.

D. The shares hold a 3% revenue dividend from Paragon Square Inc

E. The shares are transferable

F. In the event of a liquidation by Paragon Square Inc. Preferred

D holders are entitled to 5% of the liquidation

Protek Capital Inc. will also receive 100,000,000 million Squared Tokens as a digital Asset as part of the contingency of signing the binding LOI.

Both companies acknowledge that the final definitive date for executing this acquisition is August 10, 2024. If this date arrives without a written dismissal of the deal by both parties then the contract will be enforced based on the Binding LOI.

In the end, shareholders will retain their current holdings in Protek Capital Inc.I