Dana Resources (DANR)

[TOUCAN]

On August 9, 2013, Dana Resources (the "Company") entered into an Asset Acquisition Agreement (the “Agreement”) with GPB International, LLC (“GPB”). Pursuant to the Agreement the Company acquired those assets owned by GPB related to the formulation, sales, marketing and distribution of that certain product known as B100%® (the “Assets”) including but not limited to patents, trademarks, know-how, trade secrets, supply lists and other assets and intellectual property of any kind, relating directly or indirectly to the manufacturing, sales and distribution of B100%®, which is a unique formulation and packaging for an electrolyte and vitamin enriched drinking water, held or otherwise owned by GPB, The Company acquired the Assets in exchange for $500,000, which will be paid in a combination of cash, common stock and assumption of liabilities.
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