Mister Spex GmbH signed a share purchase agreement to acquire 45% stake in Tribe GmbH from its founding/operating shareholders for €2.8 million on October 8, 2020. The deal value includes an initial purchase price of approximately €2.3 million, which was paid to the founding/operating shareholders upon closing, and a deferred purchase price amounting to approximately €0.5 million in total, which is payable in three equal installments of approximately €0.1 million per year to each of the two operating/founding shareholders. The initial purchase price at the time of closing was, and the deferred purchase price in the three annual installments will be, paid in cash. Furthermore, Mister Spex GmbH acquired claims vis-à-visTribe under convertible loan agreements from several lenders in the overall amount of approximately €0.3 million. As per terms of transaction, Tribe will continue to operate independently. The purchase price which is to be paid to the founding/operating shareholders, subject to the condition that the founding/operating shareholders have not left Tribe and have met certain milestones, amounts to approximately €2.9 million in total. The founding/operating shareholders are obliged to reinvest the purchase price they receive as consideration for their shares in Tribe into the Company by way of subscription of 229,395 newly
issued shares of the Company at a share price of €1 per share, together with the obligation to contribute their option price receivable.Christian Tönies, Gerald Hermann and Sebastian Gerlinger of P+P Pöllath + Partners

Mister Spex GmbH completed the acquisition of 45% stake in Tribe GmbH from its founding/operating shareholders in October 2020.