StartMonday B.V. entered into a letter of intent to acquire Centennial Acquisition Corp. from Petro Basin Energy Corp. (TSXV:PBA.H) in a reverse merger transaction on March 31, 2016. Under the original terms of the letter of intent, Petro Basin Energy Corp. intended to issue 25 million shares for the acquisition of all the shares of StartMonday B.V. However as a result of the transfer agreement between Centennial Acquisition Corp. and Petro Basin Energy Corp. dated April 25, 2016, Centennial Acquisition Corp will issue 30 million shares in exchange for all the shares of StartMonday B.V. As a result of the new terms of agreement, StartMonday sharehodlers will retain 60.6%stake in the combined organization. On July 8, 2016, StartMonday B.V. entered into an agreement to acquire Centennial Acquisition Corp. in a reverse merger transaction. The deal will be subject to standard closing conditions, including requisite corporate and regulatory approvals, finalization of terms of the deal, definitive agreement, financing, due diligence and shareholder approval and completion of the arrangement. The letter of intent, if not mutually extended, will terminate on the earlier of the date of a definitive agreement; October 31, 2016; or the date of rejection of the transaction by regulatory authorities. In the event that by March 31, 2016, Petro Basin Energy shall have failed to arrange a minimum of CAD 0.05 million per month in working capital for StartMonday, StartMonday may terminate the deal. CST Trust Company of Canada acted as the escrow agent on behalf of the deal. Desmond Balakrishnan of McMillan LLP acted as the legal advisor for Petro Basin Energy and Bernard Pinsky of Clark Wilson LLP acted as the legal advisor for StartMonday. McMillan LLP acted as the legal advisor for Centennial Acquisitions Corp. StartMonday B.V. completed the Centennial Acquisition Corp. from Petro Basin Energy Corp. (TSXV:PBA.H) in a reverse merger transaction on September 23, 2016. As on October 19, 2016, Centennial Acquisition Corp. changed its name to StartMonday Technology Corp. and filed for listing of its class A common stock on the Canadian Securities Exchange with ticker 'JOB'.