Kleangas Energy Technologies, Inc (OTCPK:KGET) entered into stock purchase agreement to acquire Company, Inc. (“CI”) from Jerry Hansen, Tracy Johnson and The PI Foundation for $7.3 million on July 22, 2014. Kleangas Energy agreed to acquire 5 million shares of common stock of CI for $7.3 million plus the amount of other current assets shown on CI's balance sheet, escrow payment of $0.22 million in cash and delivery of a secured promissory note in the principal amount of $7.1 million if closing date occurs in August 2014 or $7.3 million plus the amount of other current assets shown on CI's balance sheet, escrow payment of $0.24 million in cash and delivery of a secured promissory note in the principal amount of $7.1 million if closing date occurs in September 2014 or $7.3 million plus the amount of other current assets shown on CI's balance sheet, escrow payment of $0.26 million in cash and delivery of a secured promissory note in the principal amount of $7.1 million if closing date occurs in October 2014. In related transaction, Kleangas Energy will also purchase 0.83 million shares of newly issued stock of Company for $1.3 million. Sellers will not be responsible unless and to the extent that the aggregate of all damages suffered by Kleangas exceeds $1 million and then only for the amount of such excess up to an amount not greater than the purchase price less $1 million. Mark E. Rinehart acted as escrow agent for Kleangas Energy Technologies.

Kleangas Energy Technologies, Inc (OTCPK:KGET) cancelled the acquisition of Company, Inc. (“CI”) from Jerry Hansen, Tracy Johnson and The PI Foundation on July 22, 2015.