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This excerpt taken from the PRVT 8-K filed Oct 16, 2009. ACQUISITION AGREEMENT THIS ACQUISITION AGREEMENT (Agreement) is made and entered into as of October 9, 2009, by and among PRIVATE MEDIA GROUP, INC., a Nevada corporation (Private or Buyer), 2220445 ONTARIO INC., a corporation organized under the laws of the Province of Ontario (Sub), ENTRUPHEMA INC., a corporation organized under the laws of the Province of Ontario (the Company), 2062249 ONTARIO INC., a corporation organized under the laws of the Province of Ontario (Holdco), ERIC JOHNSON, ERIK SCHANNEN and MICHEL LOZIER (each of Messrs. Johnson, Schannen and Lozier sometimes individually referred to as a Seller and together, the Sellers) and Eric Johnson in his capacity as Sellers Representative. Buyer, Sub, the Company, Holdco and each of the Sellers are sometimes referred to individually as a Party and collectively as the Parties. |
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