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About the Investment and Concurrent Financing
The Investment will be structured as a share acquisition pursuant to which the Company will acquire 80% of the issued and outstanding securities of E&E in accordance with the Investment Agreement. As consideration for the Investment, the Company will pay the shareholder of E&E:
(i)
(ii)
1,000,000 Common Shares in the capital of the Company, (each, a
Common Share ) if E&E earns €125,000 in profit before tax from the period from April 1, 2021 to March 31, 2022; plus
(iii)
250,000 Common Shares if E&E earns €250,000 in profit before tax from the period from April 1, 2021 to March 31, 2022; plus
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