This excerpt taken from the CBAI 8-K filed May 17, 2007.
CorCell Acquisition: Amendment and Closing
The terms of the transaction contemplated by the Asset Purchase Agreement dated October 13, 2006 (the "CorCell Asset Purchase Agreement"), and the Amendment and Modification to Existing Samples Purchase Agreement (CorCell Existing Samples Purchase Agreement) dated February 28, 2007 between Cord Blood America, Inc. ("CBAI"), and Vita34 A.G.
Pursuant to the CorCell Asset Purchase Agreement and the CorCell Existing Samples Purchase Agreement, CBAI acquired certain assets of CorCell from Vita34 A.G. in exchange for $ 1,841,308.13 in cash and $1,761,077.66 value paid in common restricted shares of the company. The Acquisition related to the existing customer samples owned by CorCell, Inc. and associated with the operations of CorCell, Inc., which predominantly is the current customer base and revenues. Copies of the Agreements were filed with the Commission on March 7, 2007 as Exhibits 10.119-10.131, and reference agreements filed with the Commission on October 18, 2006, Exhibits 10.72-10.89.