SocialPlay USA, Inc. (OTCPK:SPLY) entered into share purchase agreement to acquire 90% stake in Spot and Pay, Inc. from Karthikeyan Mani for $0.51 million on April 9, 2018. Under the terms of the transaction, SocialPlay will issue 0.5 million shares to Karthikeyan Mani. SocialPlay also agreed to provide a total of $0.3 million in funding for development of the Spot & Pay platform. The transaction is subject to customary closing conditions.