Momentous Entertainment Group, Inc. (OTCPK:MMEG) (‘MEG’) executed a membership purchase agreement to acquire Naturally Hemp LLC (‘NH’) from Aaron C. Carson on December 4, 2017. As consideration, MEG paid at closing 10,000 newly-issued preferred B shares of its stock to Aaron C Carson. MEG also paid 1,000 Shares of Preferred B stock to Wendy Dunn as per the agreement. Each Preferred B share carries voting and conversion rights equal to 1,000 shares of MEG common stock. In addition, MEG will pay the sellers a percentage of net revenue as follows. MEG will pay Wendy Dunn an amount equal to 50% of the net revenues of NH until $30,000 has been paid. After Wendy Dunn has been paid $30,000, then Carson will be paid 50% of the net revenues of NH until $100,000 has been paid. After payment to Carson has reached $100,000, MEG will pay Carson 30% of the net revenues until an aggregate of $500,000 has been paid. MEG will pay Carson 15% of the net revenues after $500,000 has been paid for a period ending 36 months from the date of the acquisition agreement. MEG will pay an 8% commission on the net revenues of NH from the beginning of the fourth year from the date of the acquisition agreement as long as Carson remains actively and directly engaged in management of the daily operations of NH and MEG on a full time basis. The preferred shares were delivered at closing. Momentous Entertainment Group, Inc. (OTCPK:MMEG) completed the acquisition of Naturally Hemp LLC from Aaron C. Carson on December 4, 2017.