Daniel Medina and Madhava Rao Mankal entered into an agreement to acquire Harbor Guard Boats, Inc. from Medina International Holdings, Inc. (OTCPK:MIHI) for $3.5 billion on April 20, 2016. In consideration, Daniel Medina and Madhava Rao shall assume all of the debt as listed, obtain releases of the debt satisfactory to Medina International to be delivered at closing, and also will execute a separate indemnity agreement that shall survive the closing hereunder indemnifying Medina International from all of the debt associated with Harbor Guard Boats, Inc. Daniel Medina and Madhava Rao Mankal agreed to assume debt of Harbor Guard in an amount of approximately $1.82 million and retire 35 million common stock of Medina to the treasury. In a related transaction, Medical Innovation Holdings acquired Medina International Holdings, Inc. (OTCPK:MIHI) in a reverse merger transaction. Daniel Medina and Madhava Rao Mankal tendered their resignations as officers and Directors at Medina International Holdings. Two new Directors are appointed and the four disinterested Directors have approved the transaction. The transaction is approved by the Board of Directors of Harbor Guard. The transaction is subject to third party consents. Daniel Medina and Madhava Rao Mankal completed the acquisition of Harbor Guard Boats, Inc. from Medina International Holdings, Inc. (OTCPK:MIHI) on April 26, 2016.