Mix 1 Life, Inc. (OTCPK:MIXX) signed a letter of intent to acquire certain brand assets of BrandMark Products, Inc. for $6 million on April 27, 2016. The parties entered into a definitive agreement on October 7, 2016. The purchase includes exclusive licenses and certain related assets and agreements for Jim Beam Global, Sauza Tequila and Canadian Club snacks category brands. Mix 1 Life will issue 10 million restricted shares of its common stock as the purchase consideration and issue promissory notes. The transaction is not subject to approval of shareholders of Mix 1 Life. Steven Staehr and Michael Oxford shall be appointed as Chief Financial Officer and Secretary of the company while Michael Oxford, Jerry Dellaportas and Greg Zaeser shall be appointed to the Board of Directors of Mix 1 Life, Inc.

The transaction is subject to approval of Boards of Directors of BrandMark Products, and Mix 1 Life, Inc., regulatory approvals, resignation of Directors of BrandMark Products and Mix 1 Life. The transaction also requires that Chris Larson and Cameron Bob to resign as officers and Directors of Mix 1 Life, Inc. The deal requires approval from majority of shareholders of BrandMark Products, Inc. The transaction is subject to signing of definitive agreement. BrandMark Products shall complete such due diligence as is deemed by the Board of Directors sufficient to complete the acquisition. The transaction is expected to close on June 30, 2016. On August 26, 2016, Mix 1 Life and BrandMark Products entered into an amended letter of intent. The deal is expected to close by September 30, 2016.