Wishpond Technologies Ltd. (TSXV:WISH) entered into purchase agreement to acquire substantially all assets of Invigo Media Corp. for CAD 10.9 million on December 21, 2020. Wishpond Technologies will pay a cash of CAD 0.84 million and grant the vendor a a two year earn-out based on adjusted EBITDA growth of the acquired business that is payable on a quarterly basis. Based on projected post closing EBITDA of the business, Wishpond Technologies anticipates the total purchase price to be approximately CAD 3 million, including the earnout payments. For earnout payments up to CAD 5 million the earnout is payable in common shares of Wishpond. For earnout payments in excess of CAD 5 million, Wishpond has the discretion to pay in cash, shares or combination thereof. Balhar (Bob) Singh Mangat is expected to continue operating Invigo in a consulting capacity for a period of two years post-closing. As of january 14, 2021, Under the terms of the Agreement, the acquisition will be satisfied via cash consideration of $835,000 and and contingent earn-out consideration of up to $10,000,000 payable in cash, common shares of the Issuer or a combination thereof. The transaction is subject to regulatory approval and is subject to several conditions. The transaction is expected to complete in early January 2021. Wishpond Technologies Ltd. (TSXV:WISH) completed the acquisition of substantially all assets of Invigo Media Corp. on January 8, 2021.