Fantex, Inc. agrees to acquire a 10% interest in the brand income of
SAN FRANCISCO–(BUSINESS WIRE)–Fantex, Inc. announced today it has entered into brand contracts with
each of Terrance Williams and Ryan Shazier. Under the terms of the brand
contract with Terrance Williams, Fantex, Inc. would acquire for $3.06
million a 10% interest in Mr. Williams’ brand income. Under the terms of
the brand contract with Ryan Shazier, Fantex, Inc. would acquire for
$3.11 million a 10% interest in Mr. Shazier’s brand income. Brand income
is defined in Mr. Williams’ and Mr. Shazier’s respective brand
contracts. Fantex, Inc.’s acquisitions of brand income under its brand
contracts with Mr. Williams and Mr. Shazier are contingent upon Fantex,
Inc. obtaining financing necessary to pay the purchase price.
This press release shall not constitute an offer to sell any securities.