Exxe Group Inc. (OTCPK:AXXA) signed a letter of intent to acquire Festivals and Live Events Holding for $5 million on March 12, 2019. The acquisition has a 3 year structured payout schedule conditional upon meeting specific milestones that Exxe Group Inc. has contractually agreed to with Festivals and Live Events Holding. The deal closing is expected upon completion of due diligence within 10 days.