Exactus BioSolutions, Inc. acquired Spiral Energy Tech., Inc. (OTCBB:SGYT) in a reverse merger transaction on February 29, 2016. Under the terms of the deal, a total of 32 million shares of newly-designated Series B-1 preferred stock of Spiral Energy Tech. have been issued to shareholders of Exactus BioSolutions, representing approximately 87% of voting control of Spiral Energy Tech. Pursuant to the share exchange agreement with Exactus, Spiral Energy Tech. appointed Exactus Board members Phillip J. Young and Timothy Ryan to serve as members of Board of Directors of Spiral Energy Tech. The Board of Directors of Spiral Energy Tech. approved the transaction. The Board of Directors and the stockholders of Exactus have each approved the transaction. Joe Laxague of Laxague Law, Inc. acted as legal advisor for Spiral Energy Tech.

Spiral Energy Tech., Inc. (OTCBB:SGYT) completed the acquisition of Exactus BioSolutions, Inc. on February 29, 2016.