Replies to post #7634 on Eco Science Solutions Inc. (fka ESSI)

[stropi17]

In connection with the terms and conditions of the Stock Purchase Agreement and sale of 227,370,000 shares held by the Majority Stockholders:

1.
Marciano will appoint two new directors to the Company’s board of directors; and
2.
the Registrant will “Spin Out” one hundred percent (100%) of the issued and outstanding stock of the Registrant’s operating subsidiary Eaton Scientific Systems, Ltd, to the shareholders of record on November 25, 2013, on a pro rata one-for-one basis, within sixty (60) days of the change in control of the Company; and
3.
The Shareholder “Lock-Up-Leak-Out” Agreements were cancelled by mutual agreement between the Board and the Registrant’s Shareholders who were party to the Agreements.

THE SPIN OFF

Marciano has represented that he intends to acquire an exclusive license to a unique automotive product, the EcoFlora Spark Plug, with a proprietary technology and that the new Management believes that EcoFlora has the potential to be uniquely positioned in the automotive parts business in the United States and International automotive parts marketplace.

The Management believes that the potential success of the EcoFlora technology could potentially provide value to the Company and its shareholders.

The Majority Shareholders acknowledge that the Company has not been able to attract investment capital sufficient to execute its business plan because of its Share price.




http://ezsparc.com/index.html