Harris Technology Group Limited (ASX:HT8) agreed to acquire Fstop labs business of QUBOT LLC for AUD 2 million on June 14, 2019. The consideration payable for the business is calculated and paid quarterly, based wholly on the profit performance of the business in each of the four quarters after completion. The total consideration payable will range between a minimum of nil and a maximum of AUD 2 million. The consideration payable will be 60% in cash and 40% in shares of Harris Technology Group Limited. AUD 1.2 million will be paid in cash and AUD 0.8 million in shares of Harris Technology Group Limited. Harris Technology Group Limited has sufficient cash to pay the cash consideration. The transaction has been structured so that Harris Technology Group Limited is only required to pay the cash consideration for the business after the end of the quarter and only if the business has made a minimum level of profit for the quarter. A large proportion of the cash consideration payable will be generated from the quarterly profits of the business. The transaction does not requires shareholder approval. Harris Technology Group Limited (ASX:HT8) cancelled the acquisition of Fstop labs business of QUBOT LLC on July 23, 2019.