SocialPlay USA, Inc. (OTCPK:SPLY) signed letter of intent to acquire 33% ownership interest Friendship Socks Inc for $0.15 million on May 30, 2017. Consideration includes cash investment of $0.15 million. As per the agreement SocialPlay USA, Inc. also had right of first refusal to provide additional financing and acquire up to 100% equity interest in Friendship Socks Inc. SocialPlay USA, Inc. has to pay the consideration in three payment of $0.05 million first payment will be paid upon execution of this letter of intent, second payment at the time of no later than 60 days from execution of definitive agreement and third at 60 days from execution of definitive agreement. Transaction is subject to regulatory and third party approvals. On November 8, 2017 SocialPlay USA, Inc. advanced $0.03 million to Friendship Socks. SocialPlay USA, Inc. (OTCPK:SPLY) cancelled acquisition of 33% ownership interest Friendship Socks Inc on May 30, 2018.