AOTS 42, Inc. entered into a share exchange agreement to acquire The Power Company USA, LLC and American Illuminating Company, LLC from Premier Holding Corporation (OTCPK:PRHL) on March 12, 2018. The agreement was executed on March 23, 2018. Pursuant to the agreement, AOTS 42, Inc. will issue 19.25 million common stock to Premier. The transaction is subject to approval by AOTS and Premier shareholders, third party and regulatory approval, consummation of private placement, resignation of AOTS 42 directors and officers, execution of share exchange agreements between Premier Holding Corporation, Advanced E Lighting, LLC and Rescom Energy, LLC and the waiver/cancellation of the note issued by The Power Company USA LLC to Premier Holding Corp. Premier Holding Corporation's Board of Directors approved the share exchange transaction on March 12, 2018. On May 17, 2018, Premier Holding received affirmative consent for the share exchange agreement from majority of its shareholders. As on February 14, 2019, a majority of the TPC membership interests authorized The Power Company to enter into the transaction. Premier Holding expects to distribute the shares received as consideration to its shareholders upon consummation of the agreement. Darryl C. Sheetz of Law Offices of Darryl C. Sheetz acted as legal advisor to Premier Holding Corporation. Julie E. Kamps acted as the legal advisor to AOTS 42, Inc. AOTS 42, Inc. completed the acquisition of The Power Company USA, LLC and American Illuminating Company, LLC from Premier Holding Corporation (OTCPK:PRHL) on February 14, 2019.