AmericaTowne, Inc. entered into stock purchase agreement to acquire 65.54% stake in EXA, Inc. (OTCPK:EXAI) from Carson Holdings, LLC and Joseph C. Passalaqua for $0.18 million on October 3, 2016. AmericaTowne will acquire 35 million shares from Carson Holdings for $0.075 million and 30 million shares from Joseph C. Passalaqua for $0.1 million. The source of funds was working capital from AmericaTowne, Inc. The transaction was approved by Board of Directors of AmericaTowne, Inc. and EXA, Inc. The acquisition will take place on or before October 15, 2016. AmericaTowne, Inc. completed the acquisition of 65.54% stake in EXA, Inc. (OTCPK:EXAI) from Carson Holdings, LLC and Joseph C. Passalaqua on October 10, 2016.