Sebastian River Holdings, Inc. (OTCPK:SBRH) entered into a material agreement to acquire a high-interest bearing debenture portfolio on June 19, 2012. The portfolio acquired shall be added to the Corporate Equity Speculation & Financing Division of Sebastian. The closing of the transaction is subject to customary terms and conditions including the parties entering into a definitive share purchase agreement in the equity of the portfolio's holding company and the completion of due diligence. Sebastian River's Board of Directors approved the final agreement late June 19, 2012 and was executed by management on June 20, 2012.

Sebastian River Holdings, Inc. (OTCPK:SBRH) cancelled the acquisition of a high-interest bearing debenture portfolio on June 19, 2013.