Asset Purchase Agreement between General Entertainment Ventures Inc. and Strategic Asset Holdings, LLC (May 10, 2021)

Summary

General Entertainment Ventures Inc. (GEVI) and Strategic Asset Holdings, LLC entered into an agreement on May 10, 2021, for GEVI to acquire all assets and business of Strategic, making it a wholly-owned subsidiary. In exchange, GEVI will issue a $50,000 convertible promissory note with 7.5% interest to Strategic. The agreement is signed by Jason Tucker, acting as the authorized representative for both parties.

EX-2.1 2 gevi_ex0201.htm ASSET PURCHASE AGREEMENT

Exhibit 2.1

ASSET PURCHASE AGREEMENT

This AGREEMENT (the “Agreement”) is entered into as of the 10th, day of May, 2021 by and among General Entertainment Ventures Inc., a Delaware corporation (herein referred to as “GEVI”), and Strategic Asset Holdings, LLC. (herein referred to as “Strategic”), a Wyoming Company and together, the “Parties” and each, a “Party”).

WHEREAS, Strategic shall become a Wholly-Owned Subsidiary of GEVI;

WHEREAS, GEVI believes it is in its best interests of its shareholders to acquire the Strategic business and through this action to acquire them as a Wholly-Owned Subsidiary in Exchange for a $50,000 Convertible Promissory Note bearing 7.5% interest.

IN WITNESS WHEREOF, the undersigned being the sole Director of GEVI and sole member of Strategic, this 10^th Day of May, 2021.

/s/ Jason Tucker	/s/ Jason Tucker
Jason Tucker - President	Jason Tucker - CEO/Director
Stretegic Asset Holdings, LLC	General Entertainment Ventures Inc.