StroomX LLC entered into an sale agreement to acquire Creative Learning Corporation's Subsidiaries Involved in its Learning Business from Creative Learning Corporation (OTCPK:CLCN) for $0.15 million on December 7, 2021. The consideration is payable in cash or common stock of the Company at the election of the Purchaser. In connection with the sale, the Purchaser agreed to assume all liabilities of the Learning Business, and to indemnify and hold the Company harmless from any such liabilities.

The sale closed on March 18, 2022. As consideration for the purchase of the Learning Business, the parties agreed to set-off $50,000 in severance due to Christopher Rego, Creative Learning Corporation's chief executive officer. as part payment of the purchase price.

The remainder of the purchase price was paid by a joint note executed by the Purchaser and Mr. Rego in the principal amount of $100,000, which is payable in full on April 20, 2022 without interest. Alternatively, the parties agreed that the promissory note may be satisfied in full by the delivery to the Company by the maturity date of the note of all shares of common stock owned by Mr. Rego and his spouse in the Company, provided that the number of shares is not less than 500,000. In the event the note is not paid in full by its maturity date, either in cash or shares, the note shall bear interest at 15% per annum until it is paid in full.