SinglePoint, Inc. (OTCPK:SING) entered into a letter of intent to acquire EnergyWyze, LLC on January 12, 2021. SinglePoint, Inc. (OTCPK:SING) entered into purchase agreement to acquire EnergyWyze, LLC on January 26, 2021. As per the transaction, SinglePoint will acquire the assets and business relationships, including an extensive database of validated leads, of EnergyWyze to form a premier solar lead generation engine. Additionally, three principals of EnergyWyze will join SinglePoint as employees. The transaction is subject to customary operational, financial, and legal due diligence and the successful execution of sale and purchase agreements. The transaction is an arm's length transaction and pursuant to the terms of the LOI the parties intend to sign a definitive agreement in respect to the transaction in January 2021. The transaction is expected to close early in the first quarter of 2021. SinglePoint, Inc. (OTCPK:SING) completed the acquisition of EnergyWyze, LLC for $0.53 million on February 2, 2021. Joe Hupp,Che Oliver, and Brent Duskin will join SinglePoint. SinglePoint paid $25,000 at closing and the remaining balance of $50,000 in the form of a 180-day Note (the “Seller Note”) to be retired in conjunction with any capital raise associated with the up listing of SinglePoint's common stock to a national exchange. The final component of the purchase price consideration consisted of the following: $450,000 in Restricted Common Stock based on the 10 Day VWAP immediately preceding the closing date . Such shares are allocated equally, $150,000 each, between the principal members of Energy Wyze, and will vest over a three-year period. Each principal member must be employed on the vesting date to be awarded the equity award. The vesting schedule shall be as follows: $50,000 shall vest on July 1, 2021, and $100,000.00 USD, representing the remaining balance, shall be divided into ten equal amounts and will vest on quarterly basis over the next 10 quarters post the initial vesting period of July 1, 2021.