Item 2.01. Completion of Acquisition of Assets.

Purchase of Global Market Link, LLC. 24.9% Equity Interest

On April 30, 2023, Frontera Group Inc ("Company") entered into an Amended and Restated Securities Purchase Agreement (the "Purchase Agreement"), by and among the Company and Robert Espaillat and Global Market Link, LLC., ("GML") a South Carolina limited liability company. The Company agreed to acquire from Robert Espaillat 24.9% of the issued and outstanding membership interests of GML as well as obtain the consent of GML to the transfer of interests.


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On April 30, 2023 the Company, Robert Espaillat, and GML partially closed on the sale and purchase of 24.9% of the GML membership interests to the Company. Effective May 5, 2023 the Company completed the remainder of the transaction by completing an assignment of membership of GML (the "Assignment") at a purchase price of $500,000 in a transaction in which the Seller provided 100% financing to the Company in the form a Promissory Note (the "Note") and Seller retained a pledge and security interest (the "Pledge and Security Agreement") in and to the 24.9% membership interests sold by Seller to the Company until such time as the Company completed all payments due Espaillat under the terms of the Seller financing.

The forgoing description of the Purchase Agreement, Note and Pledge and Security Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Purchase Agreement, Assignment, Note, and Pledge and Security Agreement which is filed as Exhibit 10.1, Exhibit 10.2 and Exhibit 10.3, respectively, to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") contemporaneously with this Form 8K and are incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.







Exhibit No. Description
10.1        Amended and Restated Securities Purchase Agreement
10.2        Promissory Note
10.3        Pledge and Security Agreement

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