Lode-Star Mining Inc. (OTCPK:LSMG) acquired assets used in connection with the business from Sapir Pharmaceuticals Inc. on December 28, 2021. The purchase price for the Business paid by the Company was the issuance to Sapir of one million shares of Series A Convertible Preferred Stock, valued at a price of $1.00 per share. The Preferred Stock is convertible to shares of the common stock of the Company at a conversion rate of 450 shares of Preferred Stock to each share of common stock. Each share of the Preferred Stock entitles Sapir to 450 votes for each share of stock.

Lode-Star Mining Inc. (OTCPK:LSMG) completed the acquisition of assets used in connection with the business from Sapir Pharmaceuticals Inc on December 28, 2021. On June 6, 2022, Lode-Star Mining Inc. and Sapir entered into Rescission Agreement and agreed to rescind the acquisition due to circumstances beyond either party's control. In connection with the rescission, On June 8, 2022, LSG reinstated $2.2 million in debt owed to LSG that was previously forgiven under the Settlement Agreement.