Image Chain Group Limited, Inc. (OTCMKTS:ICGL) Files An 8-K Termination of a Material Definitive Agreement

Image Chain Group Limited, Inc. (OTCMKTS:ICGL) Files An 8-K Termination of a Material Definitive Agreement

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Item 1.02 Termination of a Material Definitive Agreement.

On May 1, 2017, Image Chain Group Limited, Inc., a Nevada
corporation (ICGL or the Company), entered into a Termination of
Share Exchange Agreement (the Termination Agreement), by which
the Company, Image Convenience Store Management Limited, a
company registered under the laws of the British Virgin Islands
(ICSML), and Wang Fa Sung, the sole shareholder of ICSML (the
Seller) agreed to terminate that certain Share Exchange
Agreement, dated February 14, by and between the Company, ICSML
and the Seller (the Agreement) to Section 9.1(a) of the
Agreement.

Under the Agreement, the Company agreed to acquire one share of
ICSML, representing 100% of ICSMLs issued and outstanding stock,
from the Seller in exchange for the issuance of 200,000,000
shares of the Companys common stock (the Exchange), after giving
effect to a 1-for-100 reverse stock split and other transactions
provided for in the Agreement. After further review of the due
diligence materials related to the Exchange, the new management
of the Company felt that it was in the Companys best interest to
terminate the Agreement. The Agreement includes no penalties
material to the Company which result from the termination of the
Agreement.

The foregoing description of the Termination Agreement is a
summary only and is qualified in its entirety by reference to the
full text of such document, filed herewith as Exhibit 10.1 and
incorporated herein by reference. Similarly, the foregoing
description of the Agreement is a summary only and is qualified
in its entirety by reference to the full text of such document,
filed with the SEC on February 14, 2017, and is incorporated
herein by reference.

Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.

Resignation of sole director and corporate
officer

On May 1, 2017, Wenchang Gu resigned from his positions as sole
director, president, CEO, treasurer and secretary of the Company.
The resignation was not the result of any disagreement with the
Company on any matter related to the Companys operations,
policies or practices. Because Mr. Gu was the sole director and
officer of the Company, the resignation was effected by a joint
board consent executed by Mr. Gu and the Appointed Directors (as
defined herein) on May 1, 2017 (the Board Consent), and ratified
by written consent of the stockholders of the Company on the same
date.

Appointment of directors

On May 1, 2017, the Companys board of directors and stockholders
approved, each by written consent, the appointment of Mr. David
Po and Mr. Kevin Lai (the Appointed Directors).

Mr. Po, 54, has a distinguished career in international business.
From 2003 until the date of this Current Report on Form 8-K, Mr.
Po served as President of Everbest Real Estate Services, a
marketing and sales company serving the Japanese, Chinese and
Hong Kong markets for a major U.S.-based residential,
multi-family, industrial and commercial real estate development
company. From 1998 to 2003, Mr. Po specialized in real estate
sales for a California real estate company. Mr. Po was raised in
California and received a bachelor of science degree from the
University of California, San Diego.

Mr. Lai, 35, is an investment analyst for Funde Asset Management
(Hong Kong) Co., Ltd., and he served ICGL from 2015 to 2016 as a
marketing manager. From 2009 to 2015, Mr. Lai served as
administrative director for Shanghai HuaPeng Explosion-proof
Technology Co., Ltd. (HuaPeng), a Shanghai-based company
specializing in safe transportation, storage and delivery of
flammable and hazardous materials. At HuaPeng, Mr. Lai focused on
operations and external relations.

Appointment of officers

to the Board Consent, the Company also appointed Mr. Po as the
Companys president, CEO, treasurer and secretary, to serve on an
at-will basis until he resigns or is removed by the Companys
board of directors. Owing to the urgency created by the
resignation of Mr. Gu as corporate officer of the Company, Mr. Po
and the Company have agreed to negotiate an employment agreement
in good faith at a date subsequent to the date of his appointment
as corporate officer. Mr. Po was selected based on his background
and history of transacting deals between Asia and western
countries, namely the United States. The Company believes that
Mr. Po possesses the attributes necessary to create value for
ICGL stockholders by way of sourcing and executing acquisitions
of high quality assets located in the Peoples Republic of China
and the greater Asia region.

Item 9.01 Financial Statements and Exhibits.

Exhibit No. DESCRIPTION
10.1 Termination of Share Exchange Agreement, dated May 1, 2017,
by and among the Company, Image Convenience Store Management
Limited, and Wang Fa Sung.


About Image Chain Group Limited, Inc. (OTCMKTS:ICGL)

Image Chain Group Limited, Inc., formerly Have Gun Will Travel Entertainment, Inc., through its operating subsidiaries, is engaged in the business of promoting and distributing its own branded teas that are grown, harvested, cured and packaged in the People’s Republic of China (PRC). The Company’s products are sold in the PRC for domestic consumption. The Company primarily carries out its business activities of selling and marketing its own branded teas through the operation of Yunnan Image Tea Industry Co., Ltd. (Yunnan Image), which is a Puer tea trader in the PRC. Yunnan Image provides approximately eight sub-varieties of refined Puer teas and private label member tea, as well as loose packed teas. Yunnan Image sells majority of its raw teas on a wholesale basis and sells its refined Banzhang Puer on a retail basis under its Image Tea brand. The Yunnan Image also sells its private label teas and refined teas to the members through the Tea Manor Program.

Image Chain Group Limited, Inc. (OTCMKTS:ICGL) Recent Trading Information

Image Chain Group Limited, Inc. (OTCMKTS:ICGL) closed its last trading session at with 100 shares trading hands.

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