Current Report No. 19/2023
Subject: Conclusion of an addendum to the letter of intentLegalbasis: Article 17 (1) MAR - confidential information.
The Management Board of ManyDev Studio SE (hereinafter referred to asthe _quot;Company_quot;), hereby informs that today, i.e. July 17, 2023. TheIssuer became aware of the signing of an addendum to the Letter ofIntent, which the Company announced in current report No. 12/2023 datedJune 7, 2023, between shareholders: PlayWay S.A., based in Warsaw(holding 6,899,999 series I shares representing 30.53% of the Company'sshare capital), Capeman Investments LTD, based in Nicosia (holding7,278,900 series H shares representing 32.21% of the Company's sharecapital), Marek Parzynski (holding 735,000 series H shares representing3.25% of the Company's share capital) and Bartosz Gras (holding 735,000series H shares representing 3.25% of the Company's share capital), andInvestors: ASI Gaming Investment Group sp. z o.o. s.k.a., based inKatowice, and Softix Technologies LLC, based in Tbilisi.
As a result of signing an addendum to the Letter of Intent, the Partieshave unanimously agreed to extend the deadline for concluding sharepurchase agreements until July 31, 2023.
The Letter of Intent does not entail an obligation on the part of theParties to conclude a sales agreement, does not constitute a preliminaryagreement or a binding offer, and therefore, does not provide a basisfor either Party to assert any claims arising from the conclusion of theLetter of Intent. Notwithstanding the foregoing, the Parties have agreedto use their best efforts and will cooperate in good faith to concludethe Share Purchase Agreements without undue delay. The Parties signingthe Letter of Intent declare their intention to appoint a newSupervisory Board, which will then appoint a new Management Board withexpertise and experience in handling matters related to the new businessprofile.