Tempus Applied Solutions Holdings, Inc. (OTCPK:TMPS) entered into an agreement to acquire Tempus Jets, Inc. from Benjamin Scott Terry for $0.54 million on March 11, 2016. Under the terms of the agreement, Tempus Applied Solutions Holdings, Inc. will issue 0.24 million for 1000 shares of Tempus Jets, Inc. The independent members of the Board of Directors of Tempus Applied Solutions Holdings, Inc. have approved the transaction.

Tempus Applied Solutions Holdings, Inc. (OTCPK:TMPS) completed the acquisition of Tempus Jets, Inc. from Benjamin Scott Terry on March 15, 2016.