Life On Earth, Inc. (OTCPK:LFER) signed a memorandum of understanding to acquire all the assets of KloudGaze, Inc. on December 10, 2020. Life On Earth, Inc. (OTCPK:LFER) signed a definitive agreement to acquire All the Assets of KloudGaze, Inc. for $1.4 million on December 31, 2020. Life On Earth, Inc. will issue 15,827,613 Restricted Common Shares upon the Closing of the Asset Purchase Agreement leaving maximum remaining consideration of 29,393,802 Common Stock Shares to be paid by the Life On Earth, Inc. to the KloudGaze, Inc based upon a three year earn out schedule in accordance with revenue performance goals. The terms of the transaction would allow the existing stakeholders of Life On Earth, Inc. to retain a majority stake in Life On Earth, Inc. The acquisition will bring onboard a new leadership team along with a new Chief Executive as well as new board members. The closing is pending completion of the ongoing due diligence process and signing of a Definitive Agreement, currently anticipated to close in the current quarter. Life On Earth, Inc. (OTCPK:LFER) cancelled the acquisition of all the assets of KloudGaze, Inc. on March 24, 2021.