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khenry458

09/19/18 11:12 AM

#53694 RE: Specialneeds #53692

https://www.sec.gov/Archives/edgar/data/1097718/000135448815004760/uoip_8k.htm

On the Closing Date, pursuant to the Agreement, the Seller executed an interest assignment deed which assigned, transferred and conveyed all of its membership interests in ChanBond to the Company and ChanBond appointed William R. Carter, Jr. (a related party to the Company) as sole manager (“Manager”) who shall have sole and exclusive authority over the business of ChanBond, in exchange for a cash payment of five million U.S. Dollars ($5,000,000) payable on or before October 27, 2020 (the “Cash Payment”) and a shares payment of forty-four million, seven hundred thousand (44,700,000) shares of the Company’s common stock (the “Shares”) par value of $0.001. The obligation to make the Cash Payment shall be evidenced by a promissory note (the “Promissory Note”).
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zombywolf

09/19/18 11:17 AM

#53698 RE: Specialneeds #53692

The corporation was never dissolved, only delinquent. Patents are not owned by Billy, they are owned by UOIP INCORPORATED, which is all of us. Again, everyone needs to chill for a little while until things clarify. We did not need this, but there is too much at stake here for everyone involved, the inventors, the lawyers, Billy, us, for things not to get fixed.