Item 1.01 Entry into a Material Definitive Agreement
Stock Purchase Agreement
On December 7th, 2021, CDIX executed a Buyback Agreement finalizing the sale of
JM Enterprises1, Inc. (dba - Key Tax) acquired by Cardiff, May 8th, 2019. The
buyers are Kelly Gibson and Ron Clere (herein after "Management"). The signing
took place upon confirmation of assets. At the time of closing, each Preferred
"G" Share, had a par value $0.001 per share and a Stated Value was $4.00 per
share, valued at $2,601,952. This was a Tax-Free Share Exchange (the "Exchange")
for the return of all issued and outstanding Preferred "G" shares, effective
upon receipt of stock certificates. "Exchange Shares" in order to consummate the
Exchange pursuant to Section 368(a)(1)B of the United States Internal Revenue
Code of 1986.
The foregoing provides only a brief description of the material terms of the
Purchase Agreement and does not purport to be a complete description of the
rights and obligations of the parties thereunder, and such descriptions are
qualified in their entirety by reference to the full text of Purchase Agreement
filed as an exhibit to this Current Report on Form 8-K, and is incorporated
herein by reference.
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