Madison Technologies agrees to acquire Top Dog Productions for $10M in stock with revenue earnouts

Madison Technologies Inc.

Purchase price $10M payable in common shares; share count collared between 16.7M and 25.0M based on $0.40-$0.60 stock price.
50% of shares held back: 20% for 2-year indemnification; 80% tied to milestones: $10M yr1, $15M yr2, $20M yr3 revenue; unearned shares cancelled.
Closing subject to audited financials, employment agreements with founders Blumenfield and Marsh, and other conditions; expected within 60 days.
Target is 'The Jay and Tony Show', 100% owned by founders; acquisition structured as tax-free reorganization under Section 368.

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