30DC, Inc. (OTCPK:TDCH) entered into a share sale and purchase agreement to acquire rivusTV Australia Pty Ltd in stock on August 24, 2011. As part of the consideration, 30DC will issue 45% of the issued shares capital, after taking into consideration the 4.2 million shares to be issued at closing. Closing of the acquisition is conditioned upon 30DC, Inc.'s completion of a AUD 5 million financing by October 31, 2011. The transaction is subject to consummation of due diligence investigation, regulatory approval, resignation to be submitted by the directors and officers of rivusTV on completion. The date of obtaining financing was extended to January 16, 2012 and was again extended to March 31, 2012. 30DC, Inc. (OTCPK:TDCH) cancelled the acquisition of rivusTV Australia Pty Ltd on March 31, 12. The share sale and purchase agreement expired on March 31, 2012 without completion.