Rosdanex Limited entered into an equity interest purchase agreement to acquire Energy Today Inc. (OTCPK:NRGT) in a reverse merger transaction on July 16, 2013. Energy Today will issue 80 million shares of its common stock as part of the transaction. Energy Today Inc. will issue 0.75 million shares as liquidation damages to Rosdanex in case it terminates the agreement and Rosdanex will pay $5 million of liquidation damages in case it terminates the agreement. The agreement is contingent upon Rosdanex exercising its option to purchase 100% equity interest in Kumskaya Neft and Rufyeganneftegaz prior to the closing of the equity interest purchase agreement. Kumskaya Neft and Rufyeganneftegaz will then operate as subsidiaries of Rosdanex Limited. The transaction is expected to be closed by July 25, 2013. Some shares received in purchase consideration will be used to pay debts of the subsidiaries. Samuel E. Whitley of Whitley LLP Attorneys at Law acted as legal advisor for Energy Today.

Rosdanex Limited cancelled the acquisition of Energy Today Inc. (OTCPK:NRGT) in a reverse merger transaction on July 16, 2014.