Item 2.01 Completion of Acquisition or Disposition of Assets.

On June 10, 2009, SARS Corporation ("SARS") closed an asset assignment agreement (the "Agreement") with The Clarence Group, LLC of St. Louis, Missouri ("Clarence"). Pursuant to the Agreement, SARS completed the transfer of certain assets (the "Assets"), including primary monitoring assets and associated customer contacts, to Clarence (the "Closing"). As of the Closing, the Assets set forth in the Agreement as either previously owned and/or managed by SARS are, subject to certain conditions, now owned, operated controlled and/or managed by Clarence. Pursuant to the Agreement, the balance of the secured note (the "Note") payable from SARS to Clarence was reduced from $1,126,256.45 to $275,000. Additionally, Clarence has also released its security interest in any SARS assets. Clarence disputes the fact that the Closing took place on June 10, 2009. Nevertheless, SARS believes the Agreement has closed and is enforceable and will take all reasonable legal measures necessary to ensure its enforcement.

Item 9.01 Financial Statements and Exhibits

Exhibit 10.4 Asset Assignment Agreement Incorporated by reference to Exhibit 10.4 to the Current Report on Form 8-K filed by the Company on June 1, 2009.