FONU2 Inc. (OTCPK:FONU) signed a definitive agreement to acquire Studioplex City LLC from Jake Shapiro for $2.5 million on December 7, 2014. FONU2 will issue 2.5 million shares of FONU's Series B Preferred Shares convertible at a price of $0.10 per share to Jake Shapiro. Jake Shapiro was also appointed as Chairman of the Board of Directors.


FONU2 Inc. (OTCPK:FONU) completed the acquisition of Studioplex City LLC from Jake Shapiro on December 7, 2014.