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XPOI gets $66,801 a quarter for 6 years.

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Stock   Wednesday, 11/09/11 09:51:46 AM
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XPOI gets $66,801 a quarter for 6 years.

NOTE 12 – SUBSEQUENT EVENTS

On October 21, 2011, the Company signed a Stock Purchase Agreement and Promissory Note with PawnMart, Inc., which allows the Company to purchase back its 3,050,000 shares of outstanding Preferred Stock from PawnMart, Inc. in exchange for a Promissory Note in the amount of $1,300,000, approximately $0.4262 per share. The note carries a 7% interest rate, and will be paid in 24 quarterly installments of $66,801. There were no additional events that have occurred subsequent to the Company’s quarter-end. Subsequent events have been evaluated through November 8, 2011, which is the date these financial statements were issued.


Page 14

http://www.sec.gov/Archives/edgar/data/944696/000135448811004114/cpfh_10q.htm



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