For example AAAA dropped the Queste Capital merger because Queste could not comply with the terms of the contract.
ITEM 1.02. TERMINATION OF MATERIAL DEFINITIVE AGREEMENT
This Current Report on Form 8-K relates to a formerly announced Form 8-K filed by AAA Public Adjusting Group, Inc. (the “Company” or “AAA”) with the Securities and Exchange Commission (“SEC”) filed on December 21, 2011. The Registrant had previously reported that they had entered into a material agreement with Queste Capital for the purchase of stock of AAA which would have resulted in Queste owning 95% of the issued and outstanding shares of common stock. The Agreement called for the purchase to be made for $300,000 in a subscription agreement, less certain expenses associated with closing. The Agreement called for the execution and payment to be made within 45 days of the date of the Agreement which was completed and entered on December 1, 2011.
The Agreement has not been completed with payments, and the Registrant sent notice to Queste Capital that the Agreement was thus void. AAA has made the request for the return of the escrow shares held at Arizona Escrow & Financial Corporation, which request was received on March 12, 2012 by the escrow agent. The Registrant will announce a separate agreement in the near future with other parties.