3TL Technologies Corp. (TSXV:TTM) signed a letter of intent to acquire RewardStream, Inc. for CAD 6 million on January 22, 2015. The consideration includes payment of CAD 1 million in cash, issue of CAD 3 million worth of 3TL common stock at a price equal to the volume weighted average price for the 20 trading days prior to the close, with a collar of CAD 0.25 to CAD 0.50 and earn-out consideration of CAD 2 million payable 12 months after the close for achieving revenue performance targets related to total revenues and percentage of combined post acquisition revenues, in cash or common shares of 3TL at the discretion of 3TL. RewardStream reported revenues of CAD 1.86 million in the year ending September 30, 2014. The letter of intent is subject to negotiation and settlement of a definitive agreement, regulatory approvals and satisfactory completion of customary due diligence.

3TL Technologies Corp. (TSXV:TTM) cancelled the acquisition of RewardStream, Inc. in March 2015.