NOTICE IS HEREBY GIVEN to you as an investor in Pulse Entertainment EDR that following a Notice to investors issued on the 27th November 2017 and extended in March 2018, whereby investors of Pulse Entertainment EDR, having ISIN AT0000A15A79 (hereinafter the (“Units”) were notified that the Company was notified by Pulse Entertainment Inc, that it wishes to sell its underlying, i.e. shares issued by Pulse Evolution Corporation, with company registration number E0276982013-7, at 10521 SW Village Center Drive, Suite 201, Port St. Lucie, NEVADA, FL (the “Underlying”), for the highest offer.
The Board of Directors of the Company hereby notifies you that no other offers were received for the purchase of the Underlying except for an offer by a related entity of the collateral obligor which offered to purchase the Underlying for USD 0.01 per share in the Underlying.
The collateral obligor has accepted the offer of USD 0.01 per share of the Underlying and has commenced the sale process.
Investors’ attention is brought to the fact that should the sale be completed; Pulse Entertainment Inc. will redeem its bonds. Upon receipt of the redemption amount, the Company in respect of linked compartment 3 will redeem the EDR and pay the redemption proceeds to its investors. Subsequent to the payment of the redemption amount, the Company in respect of linked compartment 3 will start the liquidation procedure of linked compartment 3.