LZG International, Inc. (OTCPK:LZGI) entered into an asset purchase agreement to acquire Smart Insurance Ecosystem Platform and Certain other Assets from Intellagents, Inc. for $3 million on February 23, 2022. LZG agreed to purchase Intellagents' assets for three million dollars ($3,000,000), subject to adjustments and the assumption of certain liabilities. At the Closing Date LZG will pay two hundred thousand dollars ($200,000) in cash and will issue 2,800,000 shares of common stock to Intellagents. The shares will be valued at two million eight hundred thousand dollars ($2,800,000), $1.00 per share. The amount of shares may be adjusted if the LZG common stock is trading under $1.00 on the Closing Date. The Asset Purchase Agreement provides that Intellagents will assign certain contracts and IP agreements to LZG, including Intellagents' employment agreements with its officers Eric Hall, CEO; Mark Stender, President; and Michael Cocca, CTO.

LZG International, Inc. (OTCPK:LZGI) completed the acquisition of Smart Insurance Ecosystem Platform and Certain other Assets from Intellagents, Inc. on February 23, 2022.