BuyaPowa Limited entered into a purchase and sale agreement to acquire referral and reward business from RewardStream Solutions Inc. (TSXV:REW) for CAD 0.15 million on May 4, 2018. Under the terms, BuyaPowa will make a cash payment of CAD 0.15 million and sliding scale royalty payment based on license fees received from existing and active customer of the business. One-time closing payment of CAD 0.15 million payable to an escrow agent and to be held under the terms of the escrow agreement until the completion of the acquisition, whereupon it will, subject to the terms of the escrow agreement, be released to the Company. The transaction is subject to approval of the TSX Venture Exchange and RewardStream's shareholders and other customary closing conditions. The management circular for the transaction will contain the unanimous recommendation of the Board of RewardStream Solutions for its shareholders to vote for the transaction. On June 6, 2018 the shareholders of RewardStream unanimously voted in favour of a special resolution, previously announced on May 7, 2018, to reorganize the business and sell the referral and reward business to Buyapowa Ltd. RewardStream Solutions Inc. also received conditional approval from the TSX Venture Exchange in support of the reorganization and sale. Closing of the sale is subject to the final approval of the TSX Venture Exchange and is expected to occur in the near future. BuyaPowa Limited completed the acquisition of referral and reward business from RewardStream Solutions Inc. (TSXV:REW) on June 15, 2018.