A consortium of buyer entered into a settlement agreement to acquire 50.3% stake in TransPacific Energy, Inc. from ForceField Energy Inc. (NasdaqCM:FNRG) for $2.4 million on February 24, 2015. The consortium of buyer includes Acme Energy, Inc., Anne B. Howard, Samuel Sami, Karen Kahn, Alexander Goldberg, Audrey M. Boston. Under the terms of the agreement, the consideration to be paid includes $0.5 million in cash and return 0.26 million shares of ForceField Energy Inc issued in May 2012.

A consortium of buyer completed the acquisition of 50.3% stake in TransPacific Energy, Inc. from ForceField Energy Inc. (NasdaqCM:FNRG) on March 5, 2015. The consortium of buyer includes Acme Energy, Inc., Anne B. Howard, Samuel Sami, Karen Kahn, Alexander Goldberg, Audrey M. Boston.