Memorandum of UnderstandingMemorandum of Understanding • May 10th, 2016 • Dragon Jade International LTD • Retail-drug stores and proprietary stores
This Memorandum of Understanding (“MOU”) is made by and between Dragon Jade International Limited (“Party 1”) and Ultroid Marketing Development Corporation (“Party 2”) on May 5, 2016.
Dragon Jade International Signs MOU to acquire Ultroid Marketing DevelopmentDragon Jade International LTD • May 10th, 2016 • Retail-drug stores and proprietary stores
Hong Kong- May 10, 2016-, On May 5, 2016, Dragon Jade International Limited (the “Company” or “DGJI”) (OTCQB: DGJI) entered into a Memorandum of Understanding (the “MOU”) with Ultroid Marketing Development Corporation (“UMDC”) for a proposed definitive agreement to be signed within one hundred and twenty days in which the Company acquires one hundred percent interest in UMDC. The contemplated definitive agreement proposes DGJI to acquire UMDC for $40,000,000 in a combination of cash and DGJI common stock.
