PlayBOX (US) Inc. (OTCPK:PYBX) entered into a securities purchase agreement with Hydro Power Technologies Inc. for $7.46 million on December 31, 2019. Under the terms, Mountain Share Transfer will be issuing the Playbox(US), Inc. common stock to Hydro Power Technology, Inc. shareholders in return for Hydro Power Technology, Inc. shares, Mountain Share Transfer will be returning 500 million of the 1 billion shares to Playbox(US) treasury and will be holding the remaining shares to be determined future transfers by Hydro Power Technology, Inc. As on April 8, 2020, the secretary of state for the State of Wyoming approved the amendment changing the name of Playbox (US), Inc. to Hydro Power Technologies, Inc. Playbox is currently filing with FINRA for a subsequent symbol change. Hydro Power Technologies Inc has total assets of $1.08 million and total equity of $0.16 million as on December 31, 2019. The transaction is subject to Due Diligence on Hydro Power Technology will be completed to the satisfaction of the Mountain Share Transfer and on PlayBox will be completed to the satisfaction of the Hydro Power Technology shareholders. Mountain Share Transfer, LLC acted as transfer agent to PlayBOX. PlayBOX (US) Inc. (OTCPK:PYBX) completed the acquisition of Hydro Power Technologies Inc. on March 16, 2020.