Motorsport Games settles Studio397 acquisition dispute for $750,000

Motorsport Games Inc.

Resolved disputes over deferred payments from April 2021 Studio397 acquisition.
To pay $750,000 in five monthly installments of $150,000 starting March 5, 2025.
Luminis releases security interest in Studio397 pledged shares upon full payment.
If Motorsport Games misses payment and fails to cure within 5 days, Luminis may terminate agreement.
Settlement covers all amounts due under Share Purchase Agreement and waives voting rights transfer.

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