Good Life Networks Inc. agreed to acquire Exito Energy II Inc. in a reverse merger transaction on October 7, 2016. Exito intends to complete a consolidation of its issued and outstanding common shares on the basis of one post-consolidation share for every two pre-consolidation shares. As per the agreement, holders of common shares of Good Life Networks will receive 0.2601 of a post consolidation common share of Exito in exchange for each common share of Good Life held. If the consolidation is not completed prior to the effective time of the arrangement for any reason, then the exchange ratio will be adjusted such that Good Life Networks shareholders will receive 0.5202 of an Exito common share for each common share of Good Life Networks held. Upon-closing, Good Life Networks shareholders will receive 26.6 million Exito shares and Exito shareholders will hold approximately 13% of the common shares of the combined entity and Good Life Networks shareholders will hold approximately 87% of the common shares. The transaction was amended on July 31, 2017, which allows for an additional 10.5 million common shares of Good Life Networks to be issued prior to the effective time of the transaction. Post completion Exito will change its name to Good Life Networks Inc. In the event of cancellation, either of Good Life and Exito will pay a termination fee of CAD 0.1 million. Upon completion of the transaction, it is currently proposed that the Directors and Officers of the combined entity will include Jesse Dylan as Chief Executive Officer and Director, Eugene Valaitis as Director, Cornel Fota as Director, Cliff Dumas as Vice President of Operations, Corporate Secretary and Director and Thad Scott as Chief Financial Officer. The transaction is subject approval of shareholders of Exito and Good Life and requisite regulatory board including TSXV and court approval, Good Life Networks completing a non-brokered private placement of subscription receipts, resignation of Exito’s Directors, execution of transitional services agreement, consummation of due diligence, dissenting shareholders rights limited to 5% and customary closing conditions. The Board of Directors of Good Life Networks and Exito have unanimously approved the transaction and recommend that Good Life Network’s shareholders approve the same. On May 2, 2017 the transaction was conditionally approved by the TSX Venture Exchange. On May 26, 2017, shareholders of the Corporation and Good Life Networks approved the transaction. Exito and Good Life Networks intend to complete the transaction by December 15, 2016. As of February 1, 2017, the transaction is expected to close on or before April 28, 2017. On May 2, 2017, the transaction is expected to close in mid-June 2017. As of June 2, 2017, Supreme Court of British Columbia granted the final order approving the transaction and the transaction is expected to close in late June 2017. As of July 31, 2017, the transaction is expected to close in mid-September 2017. As of September 29, 2017, the transaction is expected to close on November 30, 2017. As of November 30, 2017, the transaction is expected to close on December 31, 2017. As of January 2, 2018, the transaction is expected to close on January 31, 2018. Justin Kates of Dumoulin Black acted as legal advisor for Good Life and Brad Docherty of Gowling Wlg (Canada) LLP acted as legal advisor for Exito. Good Life Networks Inc. completed the acquisition of Exito Energy II Inc. in a reverse merger transaction on January 26, 2018. Immediately prior to the closing, Exito completed a consolidation of its issued and outstanding common shares on the basis of one post-consolidation share for every two pre-consolidation shares and continued from Alberta into British Columbia. Additionally, each Good Life Networks Inc. common share was exchanged for 0.2601 of a common share of Exito Energy II Inc. Exito Energy II Inc. has changed its name to Good Life Networks Inc. and is continuing its business. An aggregate of 18.1 million Good Life Shares are subject to escrow and seed share resale restrictions pursuant to exchange requirements. The Good Life Shares are expected to begin trading on the TSX Venture Exchange on or about January 30, 2018 under the symbol "GOOD". As a result of the closing of the transaction, Jesse Dylan became the Chief Executive Officer, President and Director; Andrew Osis became the Chief Financial Officer and Corporate Secretary; Cliff Dumas became Vice President Operations and Director; Eugene Valaitis, Stephanie Ratza and Praveen Varshney became a Director of Good Life Networks Inc.