Agri-Trade Holdings Limited (AGH) entered into binding share sale agreement to acquire unknown majority stake in My Verified ID Holdings Pty Ltd from a group of sellers for AUD 10 million on November 26, 2015. In a related transaction, Agri-Trade Holdings Limited signed an agreement to acquire unknown majority stake in Identity Verification Services Ltd. The signed agreements are with the owners of over 80% of both companies. Minority shareholders may also sign and it is expected that agreement to purchase 100% of the shares will be signed by November 30, 2015. The purchase price for each share sale agreement is AUD 10 million with 50% of such being paid in ordinary shares in AGH at an issue price of AUD 0.50 per share at completion with the balance payable in shares or cash, at the election of AGH subject to a defined target being met. Invigor, one of the sellers, will receive AUD 2.2 million of value at completion, comprising cash of AUD 1.0 million as well as shares in AGH. The group of sellers include Assure Worldwide Pty Ltd, Claire Andrews, Andrew Pappas, Pimbor Pty Ltd, Tandem Capital Pty Ltd, Bryce Bennett, Patrick B Fazzone, Alain Barataud, Nicholas Hansen, Bond Street Australia Ltd, John Ratcliff, Joseph P. Paredes, Diana Robles, Invigor Group Limited (ASX:IVO), Frei Frei Pty Ltd, Blue Dragon Digital Group Limited, Peter Hsu and Pjg Gibbons Pty Ltd. Under the share sale agreement, Agri-Trade will issue its 10 million shares at a price of AUD 0.5 per share and will pay balance purchase price, at AGH's election, be paid in more shares or cash equal to AUD 5 million, once My Verified ID completes agreements that in aggregate deliver 0.5 million Verifications which have a cost per Verification ranging from AUD 1 each to AUD 2.5 each, dependent upon what is being verified, by December 30, 2016. Agri-Trade Holdings Limited will acquire more than 90% stake in My Verified ID Holdings Pty Ltd. As of December 9, 2015, the agreement for 100% share capital of My Verified ID Holdings is signed. Completion of the agreement is subject to shareholders of AGH approving the deal, re-quotation of AGH shares on the official list of the ASX and completion of Identity Verification Services at the same time. Notice of meeting to shareholders is expected on November 30, 2015, and general meeting of shareholders of AGH will be on December 30, 2015. The Board of Directors of Agri-Trade Holdings Limited unanimously recommend its shareholders to approve the transaction. Shareholders of AGH approved the transaction on December 30, 2015. As of March 16, 2016, Agri-Trade Holdings Limited withdrew its listing prospectus and re- entered into negotiation to acquire My Verified Holdings. As of May 16, 2016, the revised binding agreement is signed to acquire Identity Verification Services and My Verified holdings from Invigor. Under the revised terms, Agri-Trade Holdings has paid Invigor a AUD 0.1 million variation and extension fee, Invigor will receive AUD 0.5 million when Agri-Trade Holdings completes a pre-IPO fund raising, further AUD 0.5 on completing an IPO and Invigor will be issued shares in Agri-Trade Holdings to the value of AUD 1.2 million. Matthew Wright of NWR Communications acted as public relations advisor for Invigor. KS Black Financial Advisory Pty Ltd acted as financial advisor for Agri-Trade Holdings Limited. Michael Stafford of Eakin McCaffery Cox acted as legal advisor and Link Market Services Limited acted as registrar or Agri-Trade Holdings Limited. Agri-Trade Holdings Limited (AGH) cancelled the acquisition to acquire unknown majority stake in My Verified ID Holdings Pty Ltd from a group of sellers on January 7,2017.