EVance Processing, Inc. acquired Calpian Commerce and Calpian Residual Acquisitions and U.S merchant residual portfolios from Calpian, Inc..
December 30, 2015
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eVance Processing, Inc. acquired 100% in Calpian Commerce, Inc. and unknown % in Calpian Residual Acquisitions LLP from Calpian, Inc. (OTCPK:CLPI) on November 30, 2015. Under the terms, eVance will assume $9 million in debt and issue warrants to purchase 6 million shares of Excel common stock. eVance will operate from Calpian Commerce Inc.'s current location in Atlanta, Georgia. The deal is subject to third party consents, approval of Board of Directors of Calpian and Calpian Residual, approval of shareholders of Calpian and Calpian Residual, due diligence investigation and execution of bill of sale. Darrin M. Ocasio of Sichenzia Ross Friedman Ference LLP acted as legal advisor to Calpian. James E. O'Bannon of Jones Day acted as legal advisor to Excel. Reinvention Capital Advisors Co. acted as financial advisor for Calpian.
eVance Processing, Inc. completed the acquisition of 100% in Calpian Commerce, Inc. and unknown % in Calpian Residual Acquisitions LLP from Calpian, Inc. (OTCPK:CLPI) on November 30, 2015. As of April 12, 2016, eVance signed a price adjustment agreement in which consideration for the deal was reduced by $1.4 million.
MoneyOnMobile, Inc. is an India focused mobile payments technology and processing company offering mobile payment services. The Company enables Indian retailers to use mobile phones to accept payment for goods and services or transfer funds from one person to another. It can be used as simple SMS text functionality or through the MoneyOnMobile application or Internet site. It has more than 350,000 retail locations throughout India. With MoneyOnMobileâs system, retailers use their mobile phones to make payments on behalf of their customers for utilities or to transfer currency to other consumers using text-messaging and mobile application technology. It enables Indian retailers to use their mobile phones to pay for third party goods and services on behalf of a consumer, or transfer funds from one consumer to another, or to allow a consumer to withdraw from their bank account. The Companyâs payment service is available in every state within India.
MONEYONMOBILE, INC. 
