ZeU Technologies Inc (ZEUCF)

[StockLogistics]

“ The Transaction

Under the terms of the Agreement, all of the assets of Money Line will be rolled into a newly incorporated Canadian company, ZeU Gaming Inc. (the 'Corporation'). Upon completion of the Agreement, ZeU will acquire 100% of the issued and outstanding shares of Money Line and its US subsidiary (the 'Transaction').

The aggregate purchase price payable by the Buyer to the Sellers for the Purchased Shares shall be an amount equal to CDN$1,501,500, which shall be paid and satisfied as follows:

CDN$250,000 principal amount of convertible debentures of ZeU Gaming Inc.

1,500,000 non-transferable common share purchase warrants of ZeU Technologies Inc. with each Warrant entitling the holder thereof to acquire one common share of ZeU at a price of CDN$0.91for a period of 24 months following the Closing Date.

In addition, subjectto the completion of the following milestones, ZeU Gaming Inc. will pay up to CDN$1,250,000 in milestones bonuses, which shall be paid and satisfied in principal amount of ZeU Gaming Inc. Debentures as follows:

CDN$250,000 payable upon Money Line's launch of www.Moneylinesports.tv streaming site andlive games;

CDN$250,000 payable upon Money Line'sonboarding the first 5000 activerecurring players and subscribers of Money Line streaming sports service;

CDN$250,000 payableupon Money Line reaching CDN$250,000 quarterly revenue;

CDN$250,000 payable upon Money Line's onboarding an additional 20,000 active recurring players and subscribers (25,000total) of Money Line streaming sports service;

CDN$250,000 payable upon Money Line's onboarding an additional 25,000 active recurring players and subscribers (50,000 total) of Money Line streaming sports service.”

https://finance.yahoo.com/news/money-line-sports-inc-announces-130000795.html