Tarsier Ltd. (OTCPK:TAER) acquired 1-800 NY BULBS Limited from Randall Satin and Lawrence Merson for $0.78 million on December 30, 2016. Under the terms of the agreement, Tarsier Ltd. will pay $0.70 million in cash and will issue 0.42 million shares. Also Randall and Merson will also receive up to 100,000 shares per year of the 600,000 shares of Tarsier Ltd. depending on the earnings and revenues of the BULBS Limited. Tarsier drew down $1.2 million of credit line from TCA Global Credit Master Fund, LP in connection with the acquisition. Randall Satin and Lawrence Merson will remain on as management of 1-800 NY. The transaction is subject to financing, buyer receiving the written resignations of each director of 1-800 NY BULBS other than Lawrence Merson, Randall Satin and Isaac H. Sutton, execution of management agreement whereby Lawrence Merson, Randall Satin and Isaac H. Sutton will provide services to 1-800 NY BULBS. Alan C. Edere of Westerman Ball Ederer Miller Zucker & Sharfstein, LLP acted as legal advisor for Tarsier. David N. Milner of Gallet Dreyer & Berkey, LLP acted as legal advisor for sellers. Tarsier Ltd. (OTCPK:TAER) completed the acquisition of 1-800 NY BULBS Limited from Randall Satin and Lawrence Merson on December 30, 2016.