QED Connect, Inc. (OTCPK:QEDN) entered into a definitive agreement to acquire AFON 2010 Ltd. on October 11, 2012. The transaction is subject to final due diligence, approval of any regulatory agencies and approval of both Afon and QED Connect's respective Board of Directors. As a part of consideration, QED will acquire AFON 2010 for 4 million shares of Class C Preferred Stock. The closing of the transaction is expected to 120 days from the approval being received.

QED Connect, Inc. (OTCPK:QEDN) cancelled the acquisition the acquisition of AFON 2010 Ltd. on July 25 2013.