Binding Term Sheet between. Leo Riders Company and Bio-en Holdings CorpBinding Term Sheet • November 29th, 2019 • Bio-en Holdings Corp. • Bakery products
This term sheet (the “Term Sheet”) reflects the principles of a transaction between Leo Riders Company, an Israeli company (“Leo”) engaged in the electric scooter-sharing business in Israel, and Bio-en Holdings Corp, a Delaware corporation (“Bio”) is a voluntary filer that files reports with the U.S. Securities and Exchange Commission (“SEC”) voluntarily under Section 15(d) of the Securities Exchange Act of 1934 (the “Exchange Act”), in relation to a transaction for the purchase of 100% of the securities of Leo by Bio in consideration of the allotment of shares and rights to shares in Bio to the Shareholders of Leo (the “Shareholders of Leo”) whoever they may be on the date of the completion of the transaction, all subject to the entry by the parties into a binding agreement and the fulfilment of the conditions precedent to the completion of the transaction, as set forth below.
AMENDMENTBinding Term Sheet • November 29th, 2019 • Bio-en Holdings Corp. • Bakery products
