My Rewards International Limited and Energetik Solutions Pte Ltd. have agreed to extend the exclusive option for My Rewards to purchase the Energetik platform by three months. The rolling three-year licensing agreement with Energetik commenced on 8 April 2022 and is exclusive with an annual fee of $20,000 in addition to a 50/50 revenue split between My Rewards and Energetik on revenues generated through this channel. The Company has an exclusive option until 8 October 2022 to purchase the platform from Energetik for AUD 2.5m of scrip at the greater of A$0.10 per share, or the average of the 10-day VWAP prior to exercise of the option.