Firma Holdings Corp. (OTCPK:FRMA) entered into an agreement to acquire MonoChrome Corp. from Sebastian C Dufort on July 15, 2020. Pursuant to this acquisition, Sebastian C Dufort has been appointed as the new Chairman and Chief Executive Officer of Firma as he was the current founder and Chief Executive Officer of Monochrome Corp. along with Francis Biscan and David Barefoot, as part of board of directors and Chief Operational Officer of Firma, both resigned from Firma. Firma Holdings Corp. (OTCPK:FRMA) completed the acquisition of MonoChrome Corp. for $0.32 million from Sebastian C Dufort on October 15, 2020. In consideration, Firma Holdings Corp. issued 40 million common shares. Included in the purchase agreement are certain claw back provisions of the above shares should MonoChrome not attain specified gross revenue targets. If the operations of MonoChrome during the period ending one year after the closing, but prior to second anniversary of closing, more than $1.5 million of gross revenue with EBITDA of at least $0.4 million, then shareholders of MonoChrome will have to return to Firma 7.5 million shares of common stock. Lynda R. Keeton-Cardno resigned as the Principle financial and Accounting Officer of Firma but will remain as a consultant to the company on an as needed basis. The transaction is subject to accuracy of representations, MonoChrome and the shareholders shall have performed, satisfied and complied with all covenants, on closing date MonoChrome will not have liabilities exceeding $0.01 million, delivery of all required financial statements and certificates, all required governmental consents, expiration of waiting periods, MonoChrome entering into employment agreements with its management and MonoChrome entering into non-competition agreements.