Stella Blu, Inc. signed an agreement to acquire assets of Co-Owners Inc. from Thomas Nash, Paula M. Leonard, James Waters and Dan Brandano on July 14, 2015. Stella Blu, Inc. will set up a wholly-owned subsidiary named as Co-Owners Rewards Inc. and will issue 4.53 million common shares of the newly created subsidiary as consideration. Thomas Nash and Paula M. Leonard will receive 2.2 million shares, James Waters will receive 0.03 million shares and Dan Brandano will receive 0.1 million shares. The transaction is subject to consummation of due diligence. The transaction is expected to complete on or before July 31, 2015. As on December 2, 2015, the closing of the transaction has been extended to February 29, 2016. On February 29, 2016, Xalles Holdings and Co-Owners entered into an amendment agreement pursuant to which closing date was extended to April 30, 2016. On April 26, 2016, Xalles and Co-Owners agreed to extend the closing date of the agreement to on or before June 30, 2016. As on July 18, 2016, the closing date was extended to on or before October 31, 2016. Xalles Holdings Inc canceled the acquisition of assets of Co-Owners Inc. from Thomas Nash, Paula M. Leonard, James Waters and Dan Brandano on January 22, 2017.