ApartmentLove Inc. (CNSX:APLV) agreed to acquire Certain Assets of Traffic2Revenue, Inc. on October 28, 2021. Subject to the terms and conditions of the APA, ApartmentLove and the Vendor anticipate that 25% of the purchase price for the iLS Network assets (the ?Purchase Price?) will be paid through the issuance of common shares in the capital of the Company (?Common Shares?) and the remaining 75% of the Purchase Price will be paid in cash. The Common Shares issuable pursuant to the payment of the Purchase Price the (?Consideration Shares?) shall be subject to a trading restriction pursuant to applicable Canadian securities legislation of four months and one day, and trading restrictions pursuant to applicable United States securities legislation. In addition, it is anticipated that the Consideration Shares will be subject to the terms of an escrow agreement whereby the Consideration Shares are released from escrow in equal tranches every three months following the closing date of the Proposed Transaction. As of January 11, 2022, ApartmentLove has signed a term sheet with a New York based lender for a term debt facility of up to $10 million to support the acquisition. The APA will include customary closing conditions for a transaction of the nature of the Proposed Transaction and shall include a financing condition whereby the closing of the Proposed Transaction will be subject to ApartmentLove completing a successful offering of Common Shares, and/or securities convertible into Common Shares, in an amount not less than the amount required to satisfy the cash portion of the Purchase Price. Subject to the successful negotiation and entering into of the Asset Purchase Agreement and the receipt of all governmental and regulatory approvals, including, if required, the approval of the Canadian Securities Exchange (the ?CSE?), ApartmentLove and the Vendor intend to close the Proposed Transaction within 90 days of the execution of the APA.

ApartmentLove Inc. (CNSX:APLV) cancelled the acquisition of Certain Assets of Traffic2Revenue, Inc. on October 26, 2023.