Pura Naturals, Inc. entered into share exchange agreement to acquire Yummy Flies, Inc. in a reverse merger transaction on July 15, 2016. Under the terms of the transaction, Yummy Flies agreed to exchange the entire outstanding shares of Pura Naturals for Yummy Flies shares on approximately 1:1.42 basis. Upon closing, Robert Lee, the holder of 8.289 million shares of Yummy Flies, agreed to cancelation of such shares. As part of the transaction, Yummy Flies issued 6.267 million shares to Pura's shareholders in exchange of all of Pura's shares. Post-acquisition, Pura’s shareholders will hold approximately 75% of the issued and outstanding shares of Yummy Flies. Post-acquisition, Chief Executive Officer of Pura, James Kordenbrock was appointed as Chief Executive Officer and a member of the Board of the Directors, President and Chief Financial Officer of Pura, Robert Doherty was appointed President and Chief Financial Officer and as a member of the Board, Robert Switzer was appointed Secretary and as a member of the Board of the resulting entity, Gary Okizaki resigned as Chief Executive Officer, Brian Yamauchi and Monroe Coleman resigned as officers and Monroe Coleman resigned as a Director of Yummy Flies. The transaction is subject to consummation of due diligence investigation, letter of resignation from each Director and Officer of Yummy Flies and other customary closing conditions. Kline Law Group, PC acted as legal advisor to Yummy Flies and was paid a fee of $25,000. Pura Naturals, Inc. completed the acquisition of Yummy Flies, Inc. in a reverse merger transaction on July 18, 2016.