Notox Technologies Corp. (OTCPK:NTOX) entered into a binding letter of intent to acquire certain assets of Xthetica Inc. on July 19, 2019. The consideration will be in the form of 10,000,000 shares and warrants over a period of three years for the assets including Xthetica's rights and obligations under a series of distribution agreements with manufacturers of aesthetic and medical beauty products, access to all of Xthetica's current inventory and the goodwill of Xthetica. The shares and warrants issuable by the Company to the sole shareholder of Xthetica or his assigns are anticipated to be issued as follows, 1,000,000 shares and 1,000,000 warrants on or before December 31, 2019, 3,000,000 shares and 3,000,000 warrants on or before December 31, 2020 and 6,000,000 shares and 6,000,000 warrants on or before December 31, 2021. The transaction includes a number of closing conditions, including the completion of satisfactory due diligence by Notox, the completion of the assignment of the assets by Xthetica, the satisfactory review by the parties of the tax and securities implications of the proposed transaction, and necessary regulatory approvals. The effective date of the Asset acquisition is expected to be July 1, 2019.