ARC Group, Inc. (OTCPK:ARCK) entered into membership purchase agreement to acquire SDA Holdings, LLC from Fred D. Alexander for $10 on October 30, 2018. The closing of the transaction is conditioned upon entering into an amendment to remove Seenu Kasturi as party to agreement, in which event SDA Holdings will be required to deliver to the custodian a certificate evidencing 718,563 shares of SDA Holdings. The closing of the acquisition is also conditioned upon SDA Holdings raising gross proceeds of $2 million through the sale of debt or equity securities as well as other customary conditions. On closing each of the officer and manager of SDA Holdings will be resigning.