Clancy Systems International: Clancy Systems International, Inc. (OTCMKTS:CLSI) Files An 8-K Entry into a Material Definitive Agreement

On March 12, 2020 (the “Closing Date”), Clancy Systems International, Inc. (the “Company”) entered into that certain Stock Purchase Agreement, dated as of March 9, 2020 (the “Stock Purchase Agreement”) by and among the Company, Arke Tech S.A.P.I DE C.V., a Mexican corporation (“Seller”), and Hyperion Digital Group S. DE R.L. DE C.V., a Mexican corporation (“Hyperion”). to the Stock Purchase Agreement, the Company agreed to purchase the outstanding equity stock of Hyperion held by the Seller for (i) $75,000 payable to Seller, (ii) $75,000 payable to a consultant engaged by Seller, and (iii) issuance of a promissory note in the principal amount of $1,350,000 (the “Note”). The Stock Purchase Agreement also provides for the issuance of 2,293,488 shares of common stock having an agreed upon price/value of $0.043 per share, to Seller and 1,194,883 shares of common stock having an agreed upon price/value of $0.043 per share, to Seller’s consultant.