Leis Industries Limited entered into a letter of intent to acquire Certain Assets of West Coast Dreamers, LLC and Otto Capital, LLC from David Otto and others on July 24, 2019. Leis Industries Limited entered into an agreement to acquire Certain Assets of West Coast Dreamers, LLC and Otto Capital, LLC on for $3.7 million on October 4, 2019. The consideration would be paid in the form of 5 million shares at a deemed price of $0.6 per share of Leis and will also assume debt in an amount not to exceed $0.7 million. Payment of the consideration will be allocated as such 1.66 million shares to Otto Capital and 3.33 million hares to West Coast Dreamers. As on February 11, 2020, pursuant to the purchase agreement Otto Capital is entitled to receive 7 million common shares and West Coast Dreamers is entitled to receive 2.5 million shares of Leis Industries. Leis will also add two new directors to its Board of Directors ("Board"), who will assume the overseeing and management of staff and employees for all 'turn-key' operations in Washington State. the Company proposes to change its name to "Okanogan Industries Ltd" upon closing. The transaction is subject to execution of a Definitive Agreement, all necessary regulatory and third-party consents, completion of due diligence, approvals and authorizations as may be required in respect of the Transaction, including, but without limitation, acceptance of the Exchange, approval of the board of directors of each of LEIS and Otto Capital, LLC and West Coast Dreamers, LLC and share holders of Otto Capital, LLC and West Coast Dreamers. Leis Industries Limited cancelled the acquisition of Certain Assets of West Coast Dreamers, LLC and Otto Capital, LLC from David Otto and others on July 24, 2020.