Eco Innovation Group to Form New Subsidiary for Acquired Technology

As part of the proposed acquisition, Eco Innovation Group would form a new operating subsidiary to hold the rights to Prime's technologies. The subsidiary structure includes equity and profit-sharing considerations for the inventor.

“Subject to the terms and conditions set forth in the LOI, the Company would form a new operating subsidiary that would acquire 100% of the right and title to Prime's technologies in exchange for equity and profit-sharing considerations in the newly formed operating subsidiary.”

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