Dina M. Moskowitz, sole Executive Officer and Director of SaaSMAX, Inc. entered into a share exchange agreement to acquire SaaSMAX Corp. from SaaSMAX, Inc. for $0.04 million in stock on July 10, 2013. The share exchange agreement contemplates the cancellation by Dina M. Moskowitz of approximately 2.16 million common shares of SaaSMAX, Inc. in consideration of all of the issued and outstanding common shares of SaaSMAX Corp. Under the terms of the agreement, SaaSMAX, Inc. agreed that the name and goodwill associated with the name “SaaSMAX” will be the exclusive property of SaaSMAX Corp., and SAASMAX Inc. agrees that as soon as practicable, it will change its corporate name to a name not using the word SaaSMAX.

Pursuant to the provisions of the agreement, Moskowitz will resign as SaaSMAX, Inc.'s Chief Executive Officer, Chief Financial Officer, President, Secretary, and Treasurer and as a Director of SaaSMAX, Inc. Harold C. Moll will join SaaSMAX, Inc as Chief Executive Officer, President and Director and Rob Rainer will join as Chief Financial Officer, Secretary, Treasurer and Director. The deal is subject to third party approval. The Board of Directors of SaaSMAX, Inc. approved the deal and will recommend to the SAASMAX Inc. shareholders to approve the deal. The closing of the share exchange agreement is expected to occur on July 22, 2013.