Equity Story Group Ltd (ASX:EQS) signed a binding Share Purchase Agreement to acquire 100% of Blue Tree Equity Pty Ltd from Claude Walker for AUD 0.5 million on June 29, 2022. Blue Tree Equity Pty Ltd conducts business as A Rich Life. Consideration payable for the acquisition of Blue Tree Equity Pty Ltd is AUD 500,000 in
cash, payable in instalments as follows: Cash paid on the later to occur of Settlement or 1st July 2022 of AUD 250,000; Cash paid on 1st July 2023 of AUD 150,000; and Cash paid on 1st July 2024 of AUD 100,000. As part of this transaction, Claude Walker will be continuing in his role as Managing Editor of A Rich Life. Settlement of the transaction is expected to occur on July 1, 2022.