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.
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.