Petrocapita Income Trust acquired Hytop Well Servicing Inc. for $0.47 million on May 15, 2016. The shares were acquired through the issuance of convertible debentures to the shareholders of Hytop. The debentures are for a term of 7 years, carry an interest rate of 6%, are amortized over 6 years beginning on May 15, 2017 and are convertible into common trust units of Petrocapita on or after December 31, 2017. Hytop will continue to operate as Hytop Well Servicing Inc. Petrocapita Income Trust completed the acquisition of Hytop Well Servicing Inc. on May 15, 2016.