ESE Entertainment Inc. (TSXV:ESE) entered into an asset purchase agreement to acquire all of the business assets and intellectual property of K1CK Esports Club for CAD 0.20 million on November 19, 2020. Pursuant to the agreement, ESE will pay to K1CK Esports Club aggregate consideration of CAD 0.2075 million, consisting of the following: (i) CAD 0.12 million in cash, with CAD 0.06 million payable on closing and CAD 0.06 million payable on demand by K1CK Esports Club after January 20, 2021; and (ii) CAD 0.0875 million in common shares of ESE Entertainment at a deemed price of CAD 0.25 per share, for a total of 0.35 million shares. K1CK Esports Club has also agreed to work with ESE to operate K1CK following the closing of the agreement. The transaction will continue operation of K1CK. The K1CK team has already been integrated into ESE through the licensing and management of its professional team. Closing of the agreement is subject to customary closing conditions, including TSX Venture Exchange approval. ESE Entertainment Inc. (TSXV:ESE) completed the acquisition of all of the business assets and intellectual property of K1CK Esports Club on January 18, 2021.As part of consideration CAD 0.6 million paid to K1CK Esports Club in cash and 0.35 million common shares of ESE issued to K1CK Esports Club.