Viagoo Inc. acquired Viagoo Pte Ltd. from Muliang Viagoo Technology Inc. for $5.3 million on December 16, 2022. As per the terms of agreement, Viagoo agrees to issue a convertible note to a certain convertible noteholder of Muliang Viagoo Technology in exchange for the cancellation of certain debt of Muliang Viagoo Technology held by certain noteholder. $1 million of promissory note issued by Viagoo, which must be paid off by Viagoo within three business days of the closing date of the next financing transaction by Viagoo. 1,251,429 ordinary shares of Viagoo, valued at $2.80 per share, or an aggregate of $3.5040012 million within seven (7) business days of the Closing Date. $0.75 million within five (5) business days of a Liquidity Event by Viagoo in any combination of cash or stock. Each share of stock shall be valued at the fair market value price at the time of the Liquidity Event.

Viagoo Inc. completed the acquisition of Viagoo Pte Ltd. from Muliang Viagoo Technology Inc. on December 16, 2022.