Greenfield Farms Food, Inc. (OTCPINK:GRAS) (‘GRAS’) entered into an agreement to acquire certain assets of Ngen Technologies USA Corp. (“NUSA”) and NUSA’s wholly owned subsidiary, Ngen Technologies Korea Ltd. for $7 million on January 16, 2018. GRAS issued a $7 million promissory note with a balloon payment due on January 16, 2022. The note carries a 5% per annum interest rate, with interest payments due quarterly. The assets include the proprietary technology, manufacturing know-how, purchase orders, contracts, inventory, accounts receivable and fixed assets related to 'NKOR' Business. The assets generated approximately $19 million (unaudited) in revenues in 2017. Greenfield Farms Food, Inc. (OTCPINK:GRAS) completed the acquisition of certain assets of Ngen Technologies USA Corp. and Ngen Technologies Korea Ltd. on January 16, 2018.