Feb 28 (Reuters) - Kuuhubb Inc KUU.V :
* KUUHUBB SIGNS TERM SHEET TO ACQUIRE FULL GLOBAL RIGHTS AND REVENUE TO MY HOSPITAL GAME
* SAYS BASED ON TERM SHEET, CURRENT DISTRIBUTION AGREEMENT, ENDING JUNE 2019, TO BE CHANGED TO PURCHASE AGREEMENT FOR MY HOSPITAL FULL GLOBAL RIGHTS
* SAYS PURCHASE PRICE OF 2.6 MILLION EUROS WOULD BE PAID IN MONTHLY INSTALLMENTS BETWEEN MAY 2019 AND JUNE 2021
* SAYS AFTER CO HAS RECOUPED ENTIRE PURCHASE PRICE, CHERRYPICK GAMES WOULD BE ENTITLED TO 25% NET PROFIT SHARE