Neohydro Technologies Corp. (OTCPK:NHYT) signed a non-binding letter of intent to acquire Couponz, Inc. on May 23, 2013. Under the terms of the agreement, NeoHydro agreed to pay up to $0.1 million in cash and restricted preferred shares in exchange for the acquisition of the entire business and operations of Couponz, Inc. The letter of intent anticipates approximately a 6 month due diligence period. Neohydro entered into an agreement to acquire Couponz on July 15, 2013. Under the terms of the agreement, NeoHydro will issue its 23.88 million shares of preferred stock and $0.1 million cash. NeoHydro has already paid $0.083 million of consideration to Couponz shareholders. It is agreed that the preferred shares issued hereunder shall be designated as 1 to 15 voting and 1 to 2.5 convertible to common shares. The deal is subject to government approvals, NeoHydro shareholders approval, Board of Directors of NeoHydro and due diligence investigation of NeoHydro. Harold P. Gewerter acted as legal advisor in the deal.

Neohydro Technologies Corp. (OTCPK:NHYT) completed the acquisition of Couponz, Inc. on November 1, 2013.