Yooma Wellness Inc. (CNSX:YOOM) acquired Vertex Co., Ltd. for $14 million on October 1, 2021. Under the Purchase Agreement, Yooma acquired all of the issued and outstanding securities of Vertex for a purchase price of $12 million, with $2.5 million paid in cash on closing and the balance of the purchase price to be paid in two cash installments of $6.5 million on April 30, 2023 and $3 million on April 30, 2024. Under the terms, Yooma also agreed to extinguish up to $2 million of Vertex debt by no later than March 31, 2022 by refinancing and cause financial institutions to fully extinguish any and all liability, including personal guarantees. Vertex’s senior management have been retained and will continue to operate its business day-to-day. Yooma Wellness Inc. (CNSX:YOOM) completed the acquisition of Vertex Co., Ltd. from Takahisa Ogawa and Ippeita Usui on October 1, 2021. Takahisa Ogawa and Ippeita Usui will sell 300 shares each for $6 million each. Yooma Wellness shall pay $1.25 million each to Takahisa Ogawa and Ippeita Usui on closing, $3.25 million each to Takahisa Ogawa and Ippeita Usui provided, that, on or before April 30, 2023, Vertex shall prepare and submit to Yooma Wellness, its audited financial statements for fiscal year 2022 and on April 30, 2024, $1.5 million each to Takahisa Ogawa and Ippeita Usui provided, that, on or before April 30, 2024, Vertex shall prepare and submit to Yooma Wellness its audited financial statements for fiscal year 2023. The transaction can be terminated under certain circumstances and may also be terminated if the closing has not taken place for any reason by December 31, 2021.