LEO MOTORS, INC. (OTCMKTS:LEOM) Files An 8-K Termination of a Material Definitive AgreementItem 1.02 Termination of a Material Definitive Agreement.
LEO MOTORS, INC. (OTCMKTS:LEOM) Files An 8-K Termination of a Material Definitive Agreement
On November 9, 2016, Leo Motors, Inc. (the “Company”) notified NMS Capital Advisors, LLC, a Nevada limited liability company, together with its affiliates and subsidiaries (collectively, the “Investment Bank”) of its intent to terminate the Investment Banking Engagement Letter, dated as of December 16, 2015, by and between the Company and the Investment Bank (the “Engagement Letter”). to the terms of the Engagement Letter, the Company provided written notice for an intended early termination date of November 9, 2016. The Company will not incur any early termination penalties.
About LEO MOTORS, INC. (OTCMKTS:LEOM)
Leo Motors, Inc. is engaged in the development, assembly and sale of the energy storage devices and electric vehicle components. The Company operates through the sale and manufacture of specialized electric vehicle segment. The Company, through its subsidiary, Leo Motors, Co. Ltd., is engaged in the research and development of multiple products, prototypes and conceptualizations. It operates through four unincorporated divisions: new product research and development (R&D), post R&D development, such as product testing, production, and sales. Its products include E-Box electric energy storage system for solar and wind power generation devices, and electric vehicle (EV) components that integrate electric batteries with electric motors, such as EV Controllers that use a mini-computer to control torque drive. It has developed electric power train systems (EPTS) of power rating, including over three Kilowatts, five Kilowatts, 7.5 Kilowatts, 15 Kilowatts, 30 Kilowatts and 60 Kilowatts. LEO MOTORS, INC. (OTCMKTS:LEOM) Recent Trading Information
LEO MOTORS, INC. (OTCMKTS:LEOM) closed its last trading session down -0.0011 at 0.0799 with 551,764 shares trading hands.
Leo Motors, Inc. is engaged in the development, assembly and sale of the energy storage devices and electric vehicle components. The Company operates through the sale and manufacture of specialized electric vehicle segment. The Company, through its subsidiary, Leo Motors, Co. Ltd., is engaged in the research and development of multiple products, prototypes and conceptualizations. It operates through four unincorporated divisions: new product research and development (R&D), post R&D development, such as product testing, production, and sales. Its products include E-Box electric energy storage system for solar and wind power generation devices, and electric vehicle (EV) components that integrate electric batteries with electric motors, such as EV Controllers that use a mini-computer to control torque drive. It has developed electric power train systems (EPTS) of power rating, including over three Kilowatts, five Kilowatts, 7.5 Kilowatts, 15 Kilowatts, 30 Kilowatts and 60 Kilowatts. LEO MOTORS, INC. (OTCMKTS:LEOM) Recent Trading Information
LEO MOTORS, INC. (OTCMKTS:LEOM) closed its last trading session down -0.0011 at 0.0799 with 551,764 shares trading hands.