Aluf Holdings, Inc. (OTCPK:AHIX) entered into a letter of intent to acquire assets of Triad Biometrics, LLC for $3.8 million August 20, 2015. Aluf Holdings, Inc. (OTCPK:AHIX) entered into a definitive agreement to acquire assets of Triad Biometrics, LLC on for $3.8 million December 30, 2015. Pursuant to the terms of the purchase agreement, Aluf Holdings will pay Triad $3.75 million for the assets. It is expected that this definitive agreement will be in place on or before September 30, 2015. Closing of the Acquisition is subject to, amongst other things, the completion of satisfactory due diligence by the Aluf Holdings, and Aluf Holdings securing satisfactory financing. On November 11, 2015, Vanderbilt Bonds entered reached a joint venture agreement with Vanderbilt Bonds provide up to $5 million in financing to acquire the Biometric IP assets. High Point Communication acted as Public Relation advisor for the transaction. Aluf Holdings, Inc. (OTCPK:AHIX) cancelled the acquisition of assets of Triad Biometrics, LLC on August 20, 2016.