CSES Group, Inc. letter of intent to acquire Source Financial, Inc. (OTCPK:SRCF) in a reverse merger transaction on September 20, 2016. CSES Group, Inc. entered into an agreement to acquire Source Financial, Inc. (OTCPK:SRCF) in a reverse merger transaction on January 19, 2017. Under the terms of the agreement, Source Financial will issue approximately 127.05 million of its shares representing 76.6% of the total shares of common stock to be outstanding upon consummation of the merger. Each outstanding share of common stock of CSES will be converted into 10.65 shares of the Source Financial Common Stock and each outstanding warrant and option to purchase CSES common shares will be cancelled in exchange for a warrant or option to purchase shares of the Source Financial common stock based on the exchange ratio. On the closing date, CSES Group will become a wholly owned subsidiary of Source Financial. The transaction is subject to the shareholder approval of Source Financial, all derivatives securities of Source Financial will be cancelled or converted so that, as of the closing of the merger, Source Financial will have no more than 38.81 million shares of common stock outstanding, all of the directors and officers of Source Financial will have resigned effective upon the election and appointment of the CSES nominees, Source Financial will have not more than $25,000 in liabilities and an amendment to the Source Financial Certificate of Incorporation will have been filed with the Delaware Secretary of State increasing the authorized shares of common stock to 500 million and of the preferred stock to 10 million, changing the Source Financial name to Alltemp, Inc, termination of all employment agreements and change of fiscal year to December 31. The Board of Directors of Source Financial approved the transaction. The transaction can be terminated at any time before the closing by mutual consent or if it’s not completed within the thirty days of the execution of the agreement. On January 24, 2017, DeFeudis, sole director of Source Financial approved an amendment to our certificate of incorporation to be effected concurrently with the completion of the merger. No further stockholder approval is required. As of April 27, 2017, pursuant to the merger agreement, Edward C. DeFeudis has resigned as a director and officer of the Company, Robert Davis was appointed Chairman of the Board of Directors, William Lopshire was appointed to the Board of Directors and Chief Executive Officer and Kjell Nesen was appointed to the Board of Directors and Chief Operating Officer. CSES Group, Inc. completed the acquisition of Source Financial, Inc. (OTCPK:SRCF) in a reverse merger transaction on April 27, 2017.