Alpine 4 Technologies Ltd. (‘Alpine 4’) signed an agreement to acquire Horizon Well Testing, LLC from Alan Martin for $5.5 million on November 30, 2016. As consideration, Alpine 4 will pay $2.9 million in cash, $1.5 million in secured convertible promissory note, 0.26 million Class A shares of its common stock valued at $4.25 per share and a warrant to purchase an additional 0.075 million shares of Class A common stock. The transaction is subject to execution of consulting agreement by Alan Martin, execution of security agreement by Horizon Well Testing, approval of the Board of Directors of Alpine 4, the working capital of Horizon Well Testing being equal to or greater than $0.8 million and Horizon Well Testing having a cash balance in its bank account of $0.2 million at the time of the closing, and all indebtedness owed to Horizon Well Testing by Alan Martin or any related person of Alan Martin must being paid in full by such person. Brett D. Cable of Cable Law acted as legal advisor for Alan Martin. C. Parkinson Lloyd of Kirton & McConkie, PC acted as legal advisor for Alpine 4. Alpine 4 Technologies Ltd. (‘Alpine 4’) completed the acquisition of Horizon Well Testing, LLC from Alan Martin for $5.6 million on January 1, 2017. Alpine 4 Technologies paid $2.2 million in cash, $1.5 million in secured convertible promissory note, $0.3 million in a non-convertible note and issued 0.38 million class A common stock of Alpine 4 Technologies.