Aimia Inc. (TSX:AIM) entered into an agreement to acquire Excellence in Motivation Inc. for approximately $27.7 million in cash on August 28, 2012. Consideration includes an amount of $3.2 million of deferred compensation, of which $1.1 million was part of cash held in escrow, payable to certain selling
shareholders on the second anniversary of the acquisition provided that they remain employed with Aimia at such time. The acquisition will be financed with cash on hand. The transaction is subject to customary closing conditions and is expected to close by the end of September 2012. Canadian Imperial Bank of Commerce (TSX:CM) acted as a financial advisor to Aimia and Bentley Associates L.P. acted as a financial advisor to Excellence in Motivation. Jean Farley, Dana Borshy, Maria Reda, Barbara Sheng, Marie-Andrée Beaudry, Éric Lévesque, Jonathan Auerbach, Mark Hounsell and Edouard Vo-Quang of Stikeman Elliott LLP acted as legal advisors to Aimia Inc.

Aimia Inc. (TSX:AIM) completed the acquisition of Excellence in Motivation Inc. on September 24, 2012.