Brief: All In! Games Signs Letter Of Intent With Qubic Games On Sale Of Rights To 'Tools Up!'

All In! Games SA

09/06/2023 06:53

June 9 (Reuters) - All In! Games SA  ALGP.WA :
    * SAID ON WEDNESDAY THAT IT HAS SIGNED LETTER OF INTENT WITH
QUBIC
GAMES REGARDING START OF TALKS AIMED AT CONCLUDING AGREEMENT ON
SALE BY COMPANY ALL PUBLISHING RIGHTS TO "TOOLS UP!" GAME 
    * PARTIES INTEND TO TRANSFER TO QUBIC GAMES OR AN ENTITY
FROM ITS
CAPITAL GROUP THE PUBLISHING RIGHTS TO THE GAME ON ALL
PLATFORMS, IN PARTICULAR REVENUE SHARE RIGHTS
    * QUBIC GAMES OR AN ENTITY FROM ITS CAPITAL GROUP WILL MAKE
A
ONE-TIME REMUNERATION PAYMENT TO THE COMPANY IN EXCHANGE FOR THE
TRANSFER OF RIGHTS TO THE GAME
    * ALL IN! GAMES WILL HAVE A SHARE IN REVENUE GENERATED BY
THE GAME
IN FORM OF ROYALTIES
    * THE AMOUNT OF THE ONE-TIME REMUNERATION AND THE AMOUNT OF
ROYALTIES DUE TO THE COMPANY HAVE BEEN DETERMINED BY THE PARTIES
BASED ON MARKET RULES
    * THE SALE OF THE PUBLISHING RIGHTS TO THE GAME IS PART OF
COMPANY'S NEW STRATEGY FOR WITHDRAWAL FROM PUBLISHING ACTIVITIES

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM81yCVza
 Further company coverage:  ALGP.WA  

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