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Thursday, February 07, 2019 8:34:38 AM
Pursuant to the terms of the Agreement, LOOP has agreed to issue 18,240,000 common shares (the "Shares") to Raytroniks, in return for the purchased assets (the "Purchased Assets"). The Purchased Assets include the rights to the 'Scoot-E' brand, including the trademarks for 'Scoot-E', 'Scoot-E-Bike' and 'Scoot-E-Bike by Raytroniks'. The Company intends to integrate the 'Scoot-E' brand into its portfolio of intellectual property and use it to help drive awareness of its core scooter sharing business model.
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