LiveTiles Limited (ASX:LVT) entered into an agreement to acquire Human Link Consulting Pty Ltd for AUD 1 million on March 31, 2022. The consideration will be paid of AUD 0.5 million in cash and 4,450,480 fully paid ordinary LiveTiles shares at an issue price of AUD 0.1123 with a value of AUD 0.5 million LiveTiles stock. Founders' performance based earn-out incentive scheme targeting revenue and margin performance, to ensure ongoing strategic alignment. Over the next two calendar years, until 31 December 2023 there are two annual earn-out incentive payments for The Human Link Founders, based on achieving the following two targets: Delivering EX Revenue growth, with minimum revenue targets of CY2022: AUD 2.5 million and CY2023 AUD 4.5 million and maintaining a direct gross margin of 35% for The Human Link during the earn-out period.

LiveTiles Limited (ASX:LVT) completed the acquisition of Human Link Consulting Pty Ltd on April 7, 2022.