Replies to post #2915 on Lans Holdings Inc (fka LAHO)

[HokieHead]

Interesting indeed...

https://www.sec.gov/Archives/edgar/data/1422059/000125529414001188/ex99_1.htm

https://www.lansholdings.com/lans-holdings-inc-submits-letter-of-intent-to-license-intellectual-property-of-payflex-systems/

If consummated, the Company will be required to compensate PayFlex $150,000 in cash for the license and contribute $200,000 for its own working capital needs within 90 days of closing the License Agreement. The Company would also be required to issue a number of shares of the Company’s common stock necessary to give 55% of the total issued and outstanding shares of the Company to PayFlex or its nominees.

In addition, the Company would be required to issue a number of shares of the Company’s common stock necessary to give 70% of the total issued and outstanding shares of the Company to PayFlex or its nominees on the anniversary of the Licensing Agreement in which the Company’s audited filed financial statements for gross annual revenues attributable to the business exceeds (US) $5,000,000.