Iplayco Corporation Ltd. (TSXV:IPC) entered into an agreement to acquire Play Way S.r.l. and The Play Company S.r.l. on October 19, 2017. The consideration for the transaction includes an aggregate cash purchase price of €0.45 million and 15% of pre-tax profit for the next five years of the Iplayco's European operations, comprised of newly incorporated, and wholly owned, entities Play Planet S.r.l. in Italy and Play Mart International EOOD in Bulgaria. As part of the agreement, the acquisition includes an intellectual property agreement with The Play Company and a distribution agreement with The Play Company and its wholly owned subsidiary Play Mart Co. S.r.l. Once the acquisitions are concluded, Iplayco will own the intellectual property rights to the Play Mart and Play Planet brands, as well as the Play Planet line of business.