Brief: Multimetaverse Says On Sept 15 Entered Into Side Letter Agreement With Haibing Wang And Yunpeng Cheng, Two Minority Shareholders Of Tm Parent

MultiMetaVerse Holdings

15/09/2023 16:03

Sept 15 (Reuters) - MultiMetaVerse Holdings Limited  MMV.O :
    * MULTIMETAVERSE - ON SEPT 15, ENTERED INTO SIDE LETTER AGREEMENT WITH HAIBING WANG AND
YUNPENG
CHENG, TWO MINORITY SHAREHOLDERS OF TM PARENT
    * MULTIMETAVERSE-AGREEMENT PERTAINS TO  SETTLEMENT AGREEMENT ENTERED INTO AMONG ALL
SHAREHOLDERS
OF TM PARENT, WHO AGREED TO SETTLE ONGOING SHAREHOLDER DISPUTES
    * MULTIMETAVERSE-PURSUANT TO LETTER AGREEMENT, CO AGREES TO COMPENSATE SHAREHOLDER
PLAINTIFFS IF
TM PARENT MATERIALLY BREACHES SETTLEMENT AGREEMENT
    * MULTIMETAVERSE - IF SHAREHOLDER PLAINTIFFS MATERIALLY BREACH SETTLEMENT AGREEMENT,
SHAREHOLDER
PLAINTIFFS SHALL COMPENSATE CO FOR SUCH BREACH

Source text - https://bityl.co/L8Ls
Further company coverage:  MMV.O 

 ((Reuters.Briefs@thomsonreuters.com;))