Mount Knowledge Holdings, Inc. (MKHD.OB) Enters into an Intellectual Property Purchase Agreement
Mount Knowledge Holdings, Inc. announced on Friday that they entered into an Intellectual Property Purchase Agreement, dated December 28, 2010. This agreement is to acquire the intellectual property referred to as the "Real Time Learning and Self Improvement Educational System and Method™" developed and owned by Erwin E. Sniedzins, the Company's Chairman and Ucandu Learning Centres Inc. (UCandu), a company controlled by Mr. Sniedzins. Before the execution of the Intellectual Property Purchase Agreement, Mount Knowledge Holdings, Inc. had utilized the same Intellectual Property, the core technology of the Company's products and services, pursuant to a Master Software Licensing Agreement with…