Brief: Sharing Economy International - Unit Entered Into Amendment To A License Agreement With Ecrent Capital Holdings

Sharing Economy International

24/05/2018 12:27

May 24 (Reuters) - Sharing Economy International Inc
 SEII.O :
    * SHARING ECONOMY INTERNATIONAL - UNIT ENTERED INTO AN
AMENDMENT
TO A LICENSE AGREEMENT, DATED MAY 8, 2018 WITH ECRENT CAPITAL
HOLDINGS LIMITED
    * SHARING ECONOMY INTERNATIONAL - IN CONSIDERATION FOR
LICENSE, CO
SHALL GRANT ECRENT 250,000 SHARES OF COMMON STOCK AT US$4.30 PER
SHARE
    * SHARING ECONOMY INTERNATIONAL INC - ECRENT SHALL PROVIDE A
GUARANTEE ON REVENUE AND PROFIT OF US$10 MILLION AND US$1.94
MILLION RESPECTIVELY
    * SHARING ECONOMY INTERNATIONAL - CONSIDERATION SHARES SHALL
BE
REDUCED ON A PRO RATA BASIS IF THERE IS A SHORTFALL IN
GUARANTEED REVENUE AND/OR PROFIT
    * SHARING ECONOMY INTERNATIONAL INC - PER TERMS  ECRENT
SHALL
GRANT SEIL AN EXCLUSIVE LICENSE TO UTILIZE CERTAIN SOFTWARE AND
TRADEMARKS
    * SHARING ECONOMY INTERNATIONAL - LICENSE TO ALSO MAINTAIN
WEBSITE
PLATFORM IN TAIWAN, THAILAND, INDIA, OTHER COUNTRIES UNTIL JUNE
30, 2019 - SEC FILING

Source text: (https://bit.ly/2IIbuaH)
Further company coverage:  SEII.O 

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