OS6 Sells Vineland, NJ Land to JV with UDHC

Ulysses Diversified Holding Corporation (Pinksheets:UDHC) has finalized an agreement with OS6, Inc., which controls a parcel of land on North Delsea Drive in Vineland, New Jersey, by way of a ninety eight (98) year ground lease. Under the agreement, OS6, Inc. will contribute control of the ground lease to a joint venture with UDHC, which will receive the benefits of such development, in exchange for 300,000 shares of restricted common stock of UDHC.

The land is valued at $1.5 million.
In anticipation of certain events which include either (a) filing for or (b) commencement of a payment of dividends to common shareholders on a quarterly basis, it has been agreed that OS6, Inc. will have the option to convert said shares to a non restricted status and participate in said dividend. However, if OS6 elects to exercise said option, such conversion would then reduce the position of OS6, Inc. from 300,000 restricted common shares to 120,000 common shares.

OS6 Inc.'s decision to accept UDHC common shares and the determination as to the amount of shares, was based upon the estimated values anticipated in the future due to a combination of (a) current value of the land; (b) the value of the land along with the completion of the development; (c) the intention to add additional hard assets in the future to the holdings of UDHC that would affect the value of UDHC and the portfolio, the creation of which has begun with this first asset and to grow overtime.

OS6 Inc. has further agreed that, due to its extensive knowledge of future values to be created that (a) it will not purchase any additional UDHC shares with the maximum number owned being limited to 300,000; (b) it has the right to sell its position only if and when payment of dividends would commence; (c) it will not utilize any information to which it may be privy, during discussions and negotiations with UDHC, which might allow it to profit beyond its receipt of the initial 300,000 shares or the number of shares it would convert to under the aforementioned option.