EcoSmart Surface and Coating Technologies Inc. entered into a binding letter of intent to acquire Findex.com Inc. in a reverse merger transaction.
The letter of intent may be terminated by mutual written consent at any time on or after November 28, 2013 if and to the extent that definitive agreement has not been executed. The closing of the acquisition is subject to several conditions, including without limitation, satisfactory completion of the due diligence investigation, third-party consents, consent from Findex.com's and The Renewable Corporation's lenders, creditors, vendors and/or lessors and execution of a definitive purchase agreement. The execution of definitive agreement is subject to approval by the Board of Directors of Findex.com and The Renewable Corporation. The transaction is also subject to approval from shareholders of Findex.com Inc. and execution of employment agreement with Steven Malone. At the closing, the name of Findex.com Inc. shall change to EcoSmart Technologies, Inc. Michael M. Membrado of M.M. Membrado, PLLC acted as a legal advisor for Findex.com, Inc.