QED Connect, Inc. (OTCPK: QEDN) signed a letter of intent to acquire Nazz Productions, Inc. in preferred stock on January 22, 2010. On March 3, 2010, QED Connect Inc. signed a definitive agreement to acquire Nazz Productions, Inc. Under the terms of the agreement, Nazz Productions will receive preferred B stock in QED Connect, Inc. Nazz Productions will be a wholly owned subsidiary of QED Connect, Inc. The closing is scheduled for March 31, 2010. QED Connect, Inc. (OTCPK: QEDN) completed the acquisition of Nazz Productions, Inc. on June 7, 2012. The purchase price shall be 70 million shares of QED Connect. The shares are awarded as follows: 20 million upon signing of the transaction and 50 million shares upon Nazz Productions, Inc. contributing $1 million in cumulative gross revenue to QED Connect, Inc.