The subsidiary CT Interactive EOOD concluded a transaction for the acquisition of intangible assets

After empowerment by the Board of Directors of Telematic Interactive Bulgaria AD (mother company) in accordance with Article 114, points 3, 1, b, b of Public Offering of Securities Act, the subsidiary CT Interactive EOOD concluded on 08.11.2022 the following transaction for the acquisition of intangible assets:

1. The subject

CT Interactive EOOD (licensor)

CT Gaming AD (licensor) cedes to CT Interactive EOOD (licensee), and CT Interactive EOOD receives exclusive rights within the meaning of Art. 18 of the Copyright and Related Rights Act (CPA) on intangible assets –10 gambling games (exclusive license).

The rights that are ceded are: reproduction of the games, translation of the games into other languages, processing of the games in the sense of §2, item 18 of the Additional provisions of CPA, offering wirelessly or by cable of access to an unlimited number of people to the games in a way that allows this access from a place and at a time individually chosen by each of the persons.

The subject of the contract is also a modification within the meaning of § 1, item 4 of the Additional Provisions of the Gambling Act.

Remuneration: BGN 50,000 (fifty thousand) excluding VAT per game and BGN 30,000 (thirty thousand) excluding VAT remuneration for the development of one game. Total amount of remuneration: BGN 530,000 excluding VAT.

The rights are assigned for 10 (ten) years from the date of signing the contract.

The deal was concluded in the interest of both parties.

2. Parties to the contract

Licensee: CT Interactive EOOD, EIC number 206387659, with registered office and management address: Sofia, 7 Kukush St.

Licensor: CT Gaming AD, with EIC 130134141, with registered office and management address: Sofia, 7 Kukush St.

Participation of interested parties/ related parties with interested parties

The proposed transaction involves interested parties within the meaning of Art. 114, para. 7 of the Public Offering of Securities Act, that persons who directly or indirectly own at least 25 percent of the votes in the general meeting of CT Interactive EOOD directly or indirectly own at least 25 percent of the votes in the General Meeting of the legal entity that is a counterparty (Art. 114, Para. 7, Item 2 of the Public Offering of Securities Act), as follows:

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