Leo Motors Factory 2, Inc. announced that it has signed an equity acquisition agreement with existing investor Leo Motors Inc. for the private placement of 10,000 shares at a price of KRW 10,000 per share for gross proceeds of KRW 100,000,000 on March 31, 2015. The transaction has been approved by the board of directors of the company. The total number of shares to be issued represent 50% of the total shares of the company.

The agreement may be terminated at any time prior to the completion of executing the agreement by parent if an order, injunction or decrease shall have been issued by any court or agency of competent jurisdiction and shall be no appealable, or other law shall have been issued preventing or making illegal either the completion of the acquisition or the other transactions contemplated by the agreement or investor's unrestricted and unlimited right to cote the shares the agreement terminates pursuant to the same.