Salamon Group, Inc. (fka SLMU)

[hpham10]

5.

Commitments and Contingencies

(a)

Stock Purchase Agreement



On December 30, 2010, the Company entered into a Stock Purchase Agreement between the president and a director of the Company and Sunlogics Power Fund Management Inc. (“Sunlogics Power Fund”), whereby the Company agreed to acquire all of the issued and outstanding shares of capital stock of Sunlogics Power Fund from the Company’s president and director in exchange for 40,000,000 shares of the Company’s common stock. All conditions in the SPA have been satisfied and the Closing of the transaction will complete with the filing of an 8K with the SEC.

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