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GREENEVILLE, Tenn.–(BUSINESS WIRE)–Hydrogen Agent Center, Inc., a Nevada corporation, (OTC PK:HYEG) appear today that it has entered into a Common Stock Acquirement Agreement with Off Grid Sdn. Bhd., a association organized beneath the laws of Malaysia. Beneath the Agreement, HYEG has agreed to access into a Technology License Agreement with Off Grid and to affair and advertise to Off Grid, Twelve Million (12,000,000) shares of HYEG Common Stock in barter for a banknote acquirement amount of Two U.S. Dollars ($2.00) per share. The Technology License Agreement will admission Off Grid rights to aftermath and accomplish assertive bookish backdrop of HYEG, including the TINA Renewable Action Carbon-Free Hydrogen Electrolysis Arrangement and H2Gen Electrical Bearing Sets, aural the countries of Indonesia, Malaysia, Philippines, Singapore, Thailand, Bruner, Cambodia, Laos, Myanmar and Vietnam.



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 Create a Business Purchase Agreement | Legal Templates

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The Technology License Agreement will be able aloft acquittal of the banknote acquirement amount in full. Beneath the agreement of the Agreement, the banknote acquirement amount is to be paid and the shares are to be issued in installments as follows:

i. On or afore July 31, 2016, Off Grid has agreed pay to HYEG $3,000,000 and in barter HYEG has agreed affair 1,500,000 shares to Off Grid.



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ii. On or afore August 31, 2016, Off Grid has agreed pay to HYEG $7,000,000 and HYEG has agreed affair 3,500,000 shares to Off Grid.



iii. On or afore September 30, 2016, Off Grid has agreed pay to HYEG $14,000,000 and HYEG has agreed affair 7,000,000 shares to Off Grid and to assassinate the Technology License Agreement.

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Theodore G. Hollinger, President and CEO of the Company stated, “this transaction allows HEC-TINA to activate assembly of its action accumulator arrangement that includes the afresh acquired electrolyzer technology from Tina Action Systems that is awful able and produces hydrogen and oxygen at aerial burden afterwards the charge for any compressors and HEC’s new awful able and low aliment bowl agent technology. These are accumulated to anatomy the HEC-TINA Energetic Module. It food the all-important adeptness back the sun isn’t shinning and can additionally accumulation hydrogen ammunition for vehicles. This aggregate is the acme of a dream that I accept had for abounding years. This will advice the Association of Southeast Asian Nations (ASEAN) breadth to abate abuse and access the affection of life. It additionally prepares HEC-TINA to alpha bartering assembly of articles to be placed in abundant numbers about the world. I would like to acknowledge the investors and Pedro Blach for allowance accomplish this dream appear true.”

For added advice about this absolution amuse acquaintance the Company.

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Hydrogen Agent Center, Inc., and its subsidiary, HEC-TINA, Inc. advance systems and processes acclimated in the design, accomplish and administration of apple-pie action and carbon-free renewable hydrogen ammunition systems including another ammunition centralized agitation engines, agent controls and architect systems. These technologies can accommodate 24 hours/day and 7 canicule a anniversary action to barter and ally in the automated and adeptness bearing markets. The hydrogen ammunition antecedent is produced by electrolysis from baptize from all renewable sources including wind, solar, hydroelectric and added sources. These solutions and the engines application them are additionally advised to run on methanol, ammonia and added acceptable renewable fuels. Engines and agent articles are awash beneath the cast name Oxx Power™. Principal offices are amid at 1621 Automated Road, Unit B, Greeneville, TN 37745. Visit www.hydrogenenginecenter.com or in the US punch 423-278-2952 for added information.

This columnist absolution may accommodate assertive advanced statements aural the acceptation of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Barter Act of 1934, as amended. Investors are cautioned that such advanced statements absorb risks and uncertainties, including afterwards limitation, the abortion of the Common Stock Acquirement Agreement to abutting as anticipated, the adeptness of the Company to arise bartering operations afterwards several years of basal business activity, new articles and technologies that may attempt with those the Company affairs to offer, the Company’s adeptness to appoint and absorb able employees, the Company’s assurance on third-party suppliers, the availability of basic and added risks.

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Last Updated: November 1st, 2018 by admin
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