Motio Limited (ASX:MXO) entered into an agreement to acquire Liquid Thinking Ltd for AUD 1.3 million on March 16, 2022. Under the terms, AUD 375,000 will be paid in cash, 3,750,000 shares issued upon completion at a deemed issue price of AUD 0.10 per share and 375,000 shares if, in the event the MXO 30-day VWAP is less than or equal to AUD 0.09 per share within 60 days of completion (all shares issued to be escrowed for 12 months from date of completion). Furthermore, AUD 600,000 in cash or shares at Motio's option in three tranches: If, for the financial year ending June 30, 2022 or the financial year ending June 30, 2023, as the case may be, Liquid Thinking achieves more than £200,000 in total revenue from customers (excluding customers in Australia) Motio agrees to pay the Vendor AUD 200,000 cash or issue AUD 200,000 worth of Motio Shares. If, for the financial year ending June 30, 2023 or the financial year ending June 30, 2024, as the case may be, Liquid Thinking achieves between AUD 977,501 and AUD 1,150,000 in Total Gross Software and Payments Revenue , Motio shall pay the Vendor AUD 200,000 cash or issue AUD 200,000 worth of Motio Shares. If for the financial year ending June 30, 2024 or June 30, 2025, as applicable, Liquid Thinking achieves between AUD 1,080,001 and AUD 1,350,000 in Total Gross Software and Payments Revenue, Motio shall pay AUD 200,000 cash or issue equivalent value of MXO Shares. The AUD 375,000 will be funded through internal resources. Post completion, Matthew Davies will remain an employee with Liquid Thinking Ltd. The transaction is expected to complete on or about March 29, 2022 and is expected to be EBITDA accretive in the FY23 year.

Motio Limited (ASX:MXO) completed the acquisition of Liquid Thinking Ltd. on April 1, 2022.