Bluesky Sys Hldngs (GREY:BSKS)

Bluesky Systems Holdings, Inc., a Nevada corporation (the “Company”), and successor by merger to Bluesky Systems Corp., a Pennsylvania corporation, entered into a Share Purchase Agreement, dated as of July 27, 2011 (the “Share Purchase Agreement”), with Mr. Duane Bennett and the Northeast Nominee Trust, together being the majority shareholders of the Company (the “Shareholders”), and Supera Solutions Corp., a Nevada corporation (the “Purchaser”), pursuant to which the Shareholders agreed to sell, and the Purchasers agreed to buy, 15,600,000 common shares of the Company, representing 61.06% of the issued and outstanding capital stock of the Company. The Purchaser agreed to pay an aggregate $310,000 for the shares of the Company. A copy of the Share Purchase Agreement is attached as Exhibit 10.1 hereto and incorporated by reference herein.

Effective October 4, 2011, the Company entered into an Exclusive License Agreement (the “License Agreement”) with Supera Group, LLC (“Supera”) pursuant to which Supera granted to the Company an exclusive license to use Supera’s technology, including patents for the manufacture and sale of readers/writers and high-capacity data storage in a card format for use in healthcare, patient management, medical, dental and pharmaceutical records and any other health application. In connection with entering into the License Agreement, the Company issued 30,200,000 shares to Supera and agreed to pay 4% of gross sales from licensed products. The term of the license grant is for until the last to expire of the Licensed Patents.

Last updated November 28, 2011