BioPower Operations Corporation (OTCPK:BOPO) entered into a non-binding term sheet to acquire EnviroPower Management, Inc. on July 8, 2014. Under the terms of transaction, BioPower Operations will issue common stock and convertible preferred stock in exchange for 100% of the shares of EnviroPower Management. BioPower will acquire EnviroPower for convertible preferred stock subject to certain performance criteria and 7.68 million shares of common stock. 20% of the outstanding common stock of BioPower Operations will be paid on the closing date with a two year lock-up agreement; convertible preferred stock to be converted up to 50% of the outstanding common stock at the time of closing prior to the issuance of the common stock. Neil Williams will be granted a seat on BioPower's Board of Directors.

BioPower Operations Corporation (OTCPK:BOPO) cancelled the acquisition of EnviroPower Management, Inc. on July 8, 2015.