Valuation Agreement for NuMed Common Stock in Connection with Roll-Up Transaction
This document outlines the agreed valuation of NuMed (NUMD) common stock for a specific transaction involving several parties, including John Stanton and White Knight. The parties agree to value NUMD shares at $0.15 each for the purposes of the transaction. The agreement details the number of shares and their respective values, as well as the resulting ownership percentages after the transaction is completed. The document also notes the dilution effects on various shareholders and the settlement of certain debts as part of the transaction.
<DOCUMENT>
<TYPE>EX-2.6
<SEQUENCE>9
<FILENAME>valuationofnumedstock
<TEXT>
Valuation of NuMed Common Stock
for the purposes set forth in the
Agreement to which this is Exhibit Six
NuMed has been a dormant widely-held company since November 2002. NuMed's common stock trades through the pink sheets quotation service under the symbol NUMD. For at least the past twelve months, NUMD's average daily trading price was between $0.01 to $0.03. During the past sixty days, NUMD's average daily trading price has ranged from $0.13 to $0.30.
For the purposes of the transactions described through the Agreement, the parties agree to value the NUMD shares at $0.15. Accordingly,
Mr. Stanton's valuation:
18,000,000 Shares of NNBP @ $0.70 = $12,600,000
46,000,000 Shares of EFTI @ $0.10 = $4,600,000
Total Value at closing $17,200,000
Divided by NUMD shares @ $0.15 each: 114,666,666
White Knight Valuation:
Net Asset Value of White Knight: $1,987,400
Total value at closing $1,987,400
Divided by NUMD shares @ $0.15 each: 13,249,333
At the conclusion of the activities envisioned to occur in the Agreement as reflected in the following charts: Common Shareholders are diluted by 0.88%; John Stanton is diluted 6.26% and the creditor pool is diluted 9.59%.
%ownership % ownership
Name Before Roll-Up Shares coming to rest After Roll-Up
John Stanton 85% 114,666,666 78.74%
White Knight 13,249,333 9.09%
Creditor Pool 10% 600,513 0.41%
Common Shareholders 5% 6,005,139 4.12%
Settlement of debt 11,100,000 7.62%
145,621,651 99.98%
</TEXT>
</DOCUMENT>
