Mota Ventures Corp. (CNSX:MOTA) entered into letter of intent to acquire Unified Funding LLC on May 21, 2020. Mota Ventures Corp. (CNSX:MOTA) entered into a binding term sheet to acquire Unified Funding LLC for $60 million on June 5, 2020. The consideration includes the amount of $45 million which will be satisfied through the issuance of common shares of Mota Ventures. The Consideration Shares will be issuable at a deemed price equivalent to the greater of: (i) the volume-weighted average closing price of the common shares of Mota Ventures on the Canadian Securities Exchange in the ten trading days prior to the entering into of a definitive agreement in respect of the acquisition, and (ii) $0.29799 (CAD 0.40). In addition to the Consideration Shares, Unified will be entitled to receive a one-time bonus payment of $15 million in the event the Company achieves gross revenue in excess of $15 million from the Unified business in the twelve-month period following closing of the acquisition. The Bonus Payment will be payable in common shares of Mota Ventures at the transaction Price. The transaction is subject to completion of due diligence and the receipt of any required regulatory approvals. The proposed transaction cannot be completed until these conditions are satisfied and there can be no assurance that the proposed transaction will be completed at all.