Greenome Development Group Inc. signed a letter of intent to acquire 80% stake in FITT Highway Products, Inc. (OTCPK:FHWY) on March 28, 2014. Greenome Development Group Inc. entered into a share exchange agreement to acquire 80% stake in FITT Highway Products, Inc on May 6, 2014. The purchase price includes 100% of the equity of Greenome Development and also any funds necessary to mitigate debt to Greenome's satisfaction. $0.05 million of the purchase price was received in April 2014 and an additional $0.15 million is due on April 15, 2014. The final $0.2 million is due upon conclusion of debt mitigation to Greenome's satisfaction and the closing of a formal stock purchase agreement. Greenome will appoint its own Board and management once the transaction is completed.

The transaction is subject to resignation of officer and Director of FITT Highway, fixing the number of authorized Directors on the board of directors of FITT at five, appointment of Jiajie Zhao, Chief Executive Officer of Greenome as Chairman of the Board of Directors of FITT, also appointment of Jiajie Zhao Chief Executive Officer, Ning Liu President and Chief Operating Officer, Suichu Li Chief Financial Officer, Jie Lai Secretary of Greenome, as officers at FITT, debt mitigation by FITT, Greenome's ability to acquire 80% of FITT's outstanding shares prior to the transaction's close and FITT staying current in its SEC filings. Greenome requires FITT to mitigate the majority of its debt in order for the transaction to be completed and keep its existing outstanding shares to approximately 38 million shares and is also subject to shareholder approval. The transaction is expected to close before the end of 2014. Greenome Development Group, Inc.