Replies to post #127123 on JNS Holding Corp (JNSH)

[hat12trick]

I’m not aware of any information or disclosure to public (shareholders at large) that specifies what we are giving Blink as part of the asset purchase agreement. The company certainly has not said.

While I agree that JNS never used any of the outdated Blink chargers as part of the existing network. The language related to the asset purchase agreement provided in Blink filings to date does not specifically state exactly what assets we are transferring to Blink. It says “JNS shall sell, transfer and deliver certain car chargers and related assets…”. It does NOT say JNS shall deliver old/unused outdated worthless Blink chargers.

So to be fair, if you have DD that suggests otherwise, please do share or provide links, or something. Otherwise it’s still speculation that needs to be clarified by JNS.

On February 2, 2018, the Company and JNS entered into an asset purchase agreement whereby the parties agreed that the Company will: (i) on the date of closing of the Company’s public offering (“Closing Date”), issue to JNS shares of common stock with an aggregate value of $600,000 at a price per share equal to price of common stock sold in the public offering; (ii) pay $50,000 in cash to JNS within ten (10) days following the Closing Date; and (iii) pay $100,000 in cash to JNS within six (6) months following the Closing Date (which will be secured by depositing common stock with equal value with an escrow agent), all of which is the (“Purchase Price”). On the Closing Date, in consideration for the Purchase Price, JNS shall sell, transfer and deliver certain car chargers and related assets to the Company. Within three (3) business days following the payment by the Company to JNS of $50,000 cash, JNS shall file a motion to dismiss without prejudice any and all lawsuits related to the Company and 350 Green including, but not limited to the JNS Litigation. Within three (3) business days following the payment by the Company to JNS of $100,000 cash, JNS shall file a motion to convert the said dismissal from “without prejudice” to dismissal “with prejudice”. In the event the Company fails to timely pay the $100,000 cash payment, the Company agrees to the immediate entry of a judgement against it in an amount equal to 125% of the unpaid amount. In the event that the public offering is not consummated by March 31, 2018, the asset purchase agreement will terminate.