Rx Safes, Inc. (OTCPK: RXSF) acquired My TOUCH-ID LLC from Glenn McGinnis and Scott McGinnis for $0.23 million on July 8, 2016. Under the terms, Rx Safes, Inc. acquired My TOUCH-ID in exchange of 0.36 million shares. Rx Safes will assume $0.003 million in unpaid debts in My TOUCH and the sellers were required to discharge all debt beyond that amount before the closing date. In addition, Rx Safes agreed to pay earn-out as follows- 2.5% of any revenues up to a cap of $1 million generated from the assets acquired and held in My TOUCH and 0.5% of any revenues above $1 million up to a cap of $5 million generated from the assets acquired and held in My TOUCH. The earn-out is payable in cash, common stock of Rx Safes or a combination thereof, in the sole discretion of sellers. Rx Safes, Inc. (OTCPK: RXSF) completed the acquisition of My TOUCH-ID LLC from Glenn McGinnis and Scott McGinnis on July 8, 2016.