ACLH LLC signed an agreement to acquire RMT Leasing Inc. from Bradley H. Borst and Tara Borst on July 18, 2014. Under the terms, the buyer will pay $0.385 million in cash, issue a note of $0.25 million and issue 5 million Series B Preferred stock. After the 36 month anniversary of the closing date, the preferred shares could be converted into cash or common shares of parent. The transaction is subject to execution of employment agreement and consummation of due diligence by ACLH.

ACLH LLC assigned the agreement to Xumanii International Holdings Corp (OTCPK:XUII) on July 21, 2014. Xumanii International acquired RMT Leasing Inc. for $3.1 million on July 21, 2014. Xumanii satisfied the consideration through a combination of cash, a note and preferred stock. The issue of the consideration preferred stock will be non-diluting as the preferred stock will not be convertible to common stock and will also be non-voting. For the year ending April 30, 2014, RMT Leasing Inc. generated revenues of $1.28 million, gross profit of $0.67 million, operating income of $0.14 million, net income of $0.14 million, total assets of $0.27 million and shareholder's equity of $0.13 million. The deal is not subject to any further action and is effective immediately.

Stinar Zendejas Hansen & Gaithe, LLC acted as legal adviser in the transaction.

Xumanii International Holdings Corp (OTCPK:XUII) completed the acquisition of RMT Leasing Inc. on July 21, 2014.