Exxe Group Inc. (OTCPK:AXXA) signed memorandum of understanding to acquire VIP Digital Communities Holding for $8 million on February 13, 2019. The consideration is structured as an installment purchase. The transaction is expected to close upon completion of due diligence within 10 days. Exxe Group Inc. (OTCPK:AXXA) completed the acquisition of VIP Digital Communities Holding on March 6, 2019. The transaction was funded by private equity funding, installment payments, debt, privately structured capital investments and personal guarantees.