Eco Science Solutions, Inc. (OTCPK:ESSI) signed a letter of intent to acquire Ga-Du Bank, Inc. from L. John Lewis, Andy Tucker, Dante Jones and Wendy Maguire on May 2, 2017. On June 21, 2017, Eco Science Solutions, Inc. (OTCPK:ESSI) entered into a stock purchase agreement to acquire Ga-Du Bank, Inc. from L. John Lewis, Andy Tucker, Dante Jones and Wendy Maguire for $31.1 million. Under the terms of the agreement, Eco Science Solutions will issue 15 million shares of its common stock to acquire Ga-Du Bank from L. John Lewis, Andy Tucker, Dante Jones and Wendy Maguire. Additionally, Eco Science Solutions will pay an earnout in the form of cash payment(s) payable only upon the achievement of certain milestones (i) all of the milestones must be reached within not more than twelve months from the date of the execution of the agreement; (ii) each milestone shall be treated as distinct and the failure to reach any single milestone shall not effect the availability of the milestone payment(s) related to any other milestone(s). Upon the closing of transaction, Eco Science Solutions, Inc. will operate Ga-Du Bank, Inc. as its wholly-owned subsidiary. Eco Science Solutions will execute employment agreements with L. John Lewis, Dante Jones, Wendy McGuiver, and Andy Tucker. As per the terms of the deal, Eco Science Solutions shall consent to maintain the legal domicile of the Bank on SCNRFP Tribal legal jurisdiction and to maintain a virtual operations center on Tribal Lands, and an administrative office in Seattle, Washington. The deal is subject to the approval of Eco Science Solutions, consummation of due diligence and settlement of debt. The Chief of Southern Cherokee Nation Red Fire People Central Bank has approved the transaction. The deal is expected to close not later than June 30, 2017. As of June 14, 2017, the transaction is expected to close by the end of June 2017. Mark Skaist and Ben Frydman of Stradling Yocca Carlson & Rauth, PC acted as legal advisor for Eco Science Solutions. Eco Science Solutions, Inc. (OTCPK:ESSI) completed the acquisition of Ga-Du Bank, Inc. from L. John Lewis, Andy Tucker, Dante Jones and Wendy Maguire on June 21, 2017.