Frontera Group, Inc. (OTCPK:FRTG) signed a term sheet to acquire 24.9 % stake in Texas G&S Investments Inc. for $25 million on January 19, 2023. The transaction is subject to traditional closing due diligence and terms and conditions and expected to close during the first quarter of 2023. On April 30, 2023, the Company entered into a Securities Purchase Agreement, by and among the Company and Guillermo Solis, Jr. The Company agreed to acquire from Solis, 249 shares or 24.9% of the issued and outstanding shares of common stock of TGSI at a purchase price of $25,000,000 with Solis retaining the voting proxy to the 249 shares (the “TGSI Stock”) until such time as the purchase price is paid in full.

On April 30, 2023 the Company and Guillermo Solis, Jr. closed on a portion of the sale and purchase of the 249 shares of TGSI Stock, or 24.9% of TGSI to the Company (the “Assignment”) at a purchase price of $25,000,000 in a transaction in which Solis as Seller provided 100% financing to the Company (the “Note”) and Solis as Seller retained a pledge and security interest (the “Pledge and Security Agreement”) in and to the TGSI Stock until such time as the Company completed all payments due Solis under the terms of the Seller financing . Effective, June 12, 2023, the Company closed the remaining portion of the transaction by making various deliveries of documents and certificates.