Leo Motors Inc. (OTCPK: LEOM) agreed to acquire additional 25% stake in Leo BnT Co. Ltd. from Shi Chul ("Robert") Kang, Chairman and Chief Executive Officer of Leo Motors, Inc. on January 31, 2011. Under the deal, Leo Motors will acquire 0.06 million shares of Leo BnT Co. Ltd. Shi Chul ("Robert") Kang is the Chairman and Chief Executive Officer of Leo Motors, Inc. Leo Motors Inc. (OTCPK: LEOM) cancelled the acquisition of additional 25% stake in Leo BnT Co. Ltd. from Shi Chul ("Robert") Kang, Chairman and Chief Executive Officer of Leo Motors, Inc. on January 31, 2012.