Eleos Robotics Inc. entered into an agreement to acquire Glenbriar Technologies Inc. (CNSX:GTI.X) in a reverse merger transaction on March 14, 2019. As part of the agreement, Glenbriar Technologies will issue 100% of its issued and outstanding shares to the shareholders of Eleos, but only upon certain development milestones being met, which could take up to a year to achieve. In the interim, Glenbriar Technologies will fund technology development in the amount of CAD 1 million under a license agreement that will see Glenbriar Technologies own an undivided one half of the technology developed. In the event the transactions does not close without any malfeasance on behalf of Eleos, Eleos will receive full ownership of the technology. Eleos Robotics shareholders will transfer all of their Eleos Shares to Glenbriar Technologies in exchange for an aggregate of 85,210,755 Glenbriar Technologies shares. In a related transaction, Glenbriar Technologies is undertaking a private placement of a minimum of 20,000,000 units and a maximum of 30,000,000 units for gross proceeds of up to CAD1.5 million by the sale of units at CAD 0.05. The private placement will not close until after the shareholder meeting at which time a 2 for 1 share consolidation is expected to be approved. The transaction will be considered a Fundamental Change pursuant to the policies of the Canadian Securities Exchange (CSE), subject to shareholder and CSE review. Glenbriar Technologies will change its name to Eleos Robotics Inc. as a result of the transaction. The transaction is subject to exchange approval, further due diligence and shareholder approval of Glenbriar Technologies at a shareholder meeting to be called for a date in May 2019. Annual general and special meeting of shareholders of Glenbriar Technologies will be held on May 30, 2019 to approve the transaction and to approve change the name of Glenbriar Technologies. Arm-lengths finders fees totaling CAD 0.01 million in cash and 0.2 million common shares of Glenbriar Technologies are payable at closing.