Muliang Agritech Inc. (OTCPK:MULG) entered into an agreement to acquire Viagoo Pte Ltd from Viagoo Shareholders for $15.08 million on June 19, 2020. Under the terms of agreement Muliang Agritech Inc. will issue 1.01 million shares for $2.8 per share as consideration. Muliang Agritech Inc also entered into an Earn out Agreement with Viagoo and the former shareholders of Viagoo under which it will issue an additional performance-related bonus up to 4.35 million shares upon achievement of certain milestones by Viagoo on a pro-rata basis. The earn out is payable as- a) 1.5 million shares of Muliang Share, to be allocated among the Sellers, upon proportionate achievement of audited revenue of $12.17 million or part thereof and net profit before tax of at least $626,000 or part thereof by Viagoo for the fiscal year ended 2021 b) 1.42 million shares of Muliang Share, upon proportionate achievement of audited revenue of $33.45 million or part thereof and net profit before tax of at least $4.40 million or part thereof by Viagoo or the fiscal year ended 2022 c)1.42 million shares of Muliang Share, upon proportionate achievement of audited revenue of $48.6 million or part thereof and net profit before tax of at least $6.76 million or part thereof by Viagoo for the fiscal year ended 2023.