EXO U Inc. announced that after two months of negotiation with Alternative Capital Group Inc. (ACG), the letter agreement dated November 18, 2016 related to the secured credit facility of up to $4 million was terminated. The company is currently reviewing its options and remains focused on finding alternative proposals to finance its ongoing operational needs and execute on its business plan. Other options include finding a potential acquirer or partner with a view to merge with or acquire the company or its assets. There can be no assurance that EXO U's review of alternatives will result in any specific transaction or that EXO U will be able to manage its liquidity position and continue operating its business in the near future.