Mark Sarna entered into a Letter of Intent to acquire a 20% stake in MA & Associates, LLC from Pazoo, Inc. (OTCPK:PZOO) for $0.995747 million on October 24, 2022. The purchase price for the purchased interest is $995,747, of which $225,000 is being paid in the form of cash and $770,747 in the form of the retirement of outstanding loans, including accrued interest, made by Mark Sarna and Sarna Family Limited Partnership to the Company. The transaction is subject to the receipt of any applicable regulatory approvals.

The transaction is subject to mutually acceptable final agreements. The transaction is expected to close in the second calendar quarter of 2023. The use of funds of the cash portion of the Purchase Price is allocated as follows: (i) payment of certain Bridge Loans, in the aggregate principal amount of $150,000, the payment of which is secured by the proceeds of the sale of the Membership Interest; (ii) payment of $55,000 to Pazoo's corporate counsel (Heimerl Law Firm) representing approximately 25% of the outstanding amount currently due; and (iii) the remaining $20,000 shall be reserved for Company expenses, including any legal and compliance costs associated with the transaction.

Heimerl Law Firm acted as legal advisor to Pazoo, Inc. (OTCPK:PZOO).