LIBRA ALLIANCE CORPORATION Notes to Unaudited Pro Forma Condensed Combined Financial StatementsMaster Transaction Agreement • March 31st, 2010 • Libra Alliance Corp • Blank checks
Contract Type FiledMarch 31st, 2010 Company IndustryOn February 12, 2010, Libra Alliance Corporation, (“Libra”) a Nevada corporation, entered into a master transaction agreement (the “Master Transaction Agreement”) with LY Holdings, LLC (“LYH”), a Kentucky limited liability company, and holders of LYH notes having a face value of $5,149,980 (the “LYH Debtholders”) under which LYH will transfer 100% of its interest in its wholly-owned subsidiary, Lightyear Network Solutions, LLC (“Lightyear”), a Kentucky limited liability company, including its wholly-owned subsidiary, Lightyear Alliance of Puerto Rico, LLC (which has limited activity), in exchange for common and preferred stock of Libra (the “Exchange Transaction”).
LIBRA ALLIANCE CORPORATION Notes to Unaudited Pro Forma Condensed Combined Financial StatementsMaster Transaction Agreement • February 19th, 2010 • Libra Alliance Corp • Blank checks
Contract Type FiledFebruary 19th, 2010 Company Industry