The remaining 25% of the shares will be subject to a resale restriction of 24 months from the Closing Date. Summary of the Proposed Transaction The letter of intent stipulates that the Corporation and Amuka Esports will negotiate and enter into a definitive agreement with respect to the Proposed Transaction (the “ Definitive Agreement “), providing for Intema to acquire all of the issued and outstanding shares of Parabellum for a total consideration of $700,000 (the “ Purchase Price ”), to be paid in common shares of Intema, which shares will be subject to a voluntary escrow on to the following terms:Ģ5% of the shares will be subject to a resale restriction of four months and one day from the Closing Date Īn additional 25% of the shares will be subject to a resale restriction of 12 months from the Closing Date Īn additional 25% of the shares will be subject to a resale restriction of 18 months from the Closing Date and “We are excited to join Intema and become part of their strategy to offer a unique platform combining esports and iGaming,” said Ben Feferman, CEO of Amuka Esports “We have proven in a very short period of time that our business model works, and we are confident that we will be able to accelerate our growth through Intema’s unique ecosystem of companies, targeting specific complementary areas while continuing to build and promote our academy for the next generation of players.” This advertisement has not loaded yet, but your article continues below.

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