10sion Holdings, Inc. executed a letter of intent to acquire Fluid End Sales, Inc. from 665 Energy, Inc. (OTCPK:SSOF) for $10.5 million on August 16, 2018. Consideration will consist of $10.5 million in cash plus equity and additionally, provide equity and debt capital for Fluid End to complete certain transactions. The terms of our acquisition of Fluid End Sales requires us to purchase Series A-1 preferred stock of Sixty Six Oilfield Services from the original owners of Fluid End Sales for a cash payment at closing in the amount of $6.5 million and delivery of our convertible promissory notes in the aggregate principal amount of $4 million. Fluid End Sales must meet internal revenue performance benchmarks as agreed between 10sion and Fluid End Sales and, additionally, be willing and able to complete the anticipated transactions with Fluid End Sales’ customers in the event 10sion is able to provide the transaction capital.