Jumpgate AB (the ”Company”) has entered into an Amendment Agreement with Kirk Lenke (the ”Seller”) which amends certain terms in the Share Purchase Agreement executed by the Parties on April 5, 2023 regarding the Company´s acquisition of Nukklear from the Seller.
Pursuant to the Amendment Agreement the due date for the final cash consideration (1 million EUR) is extended from January 31, 2024 to May 31, 2024 against a market-based interest rate.
Furthermore, the Parties have agreed to cancel the Seller´s right to receive additional consideration in the form of equity in the Company for a total value of 1 million EUR.
The Seller´s obligation to remain as CEO in Nukklear for 24 months from the date of the Share Purchase Agreement has been cancelled and the term for certain competition paragraphs in the Share Purchase Agreement have been shortened. Additionally, the Seller shall receive a bonus for new third-party development contracts with a value greater than 1.25 million EUR sourced by the Seller to Nukklear.
For additional information
Harald Riegler CEO, Jumpgate AB Phone: +46 (0)705 – 54 73 33 E-mail: email@example.com
About the Company
Jumpgate AB is an independent group of game development companies founded in 2011, comprising five game studios: Nukklear (Hannover), Tivola Games (Hamburg), gameXcite (Hamburg), Funatics (Düsseldorf) and Tableflip Entertainment (Visby). The group develops and publishes its own games as well as developing games and other digital products for external companies. The companies in the group have established collaborations with strong industry partners and exciting product portfolios with large potential. The group is engaged in the global market, distributing games on a worldwide basis and has a large international network. For more information: www.jumpgategames.se
This information is such information Jumpgate AB (publ) is obliged to make public in accordance with the EU Market Abuse Regulation (MAR). The information was submitted for publication, through the agency of the contact persons set out above, at 2024-01-31 23:59 CET.