Unicoin terminates asset swap agreement for 420M coins due to seller's failure to register property transfer

TransparentBusiness, Inc.

Terminated Asset Swap Agreement with Electroquimica del Neuquen S.A. after seller failed to register real estate transfer by Feb 23, 2024 deadline.
Seller received rights to 420M Unicoins; those rights will be voided per termination consent.
No early termination penalties apply to either party under the agreement or ancillary documents.
Company entered agreement in Aug 2023 for Argentine copper exploration real estate; transfer deed signed Dec 2023.

item 1.02

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TransparentBusiness, Inc. terminated Asset Swap Agreement with Electroquimica del Neuquen S.A. (effective 2024-02-23).

Action: termination
Agreement: asset purchase
Counterparty: Electroquimica del Neuquen S.A.
Effective: 2024-02-23

Exact text from the filing

On February 23, 2024, the Company terminated the Asset Swap Agreement via electronic mail and the Seller consented via email.

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Source: SEC EDGAR

accession 0001829126-24-001131

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