Alpha K-9 Technologies Inc. entered into a non-binding letter of intent to acquire Inceptus Capital Ltd. (TSXV:ICI.P) in a reverse merger transaction on November 18, 2019. Alpha K-9 Technologies Inc. entered into a definitive amalgamation agreement to acquire Inceptus Capital Ltd. in a reverse merger transaction on August 28, 2020. Pursuant to the letter of intent, Inceptus will acquire all of the issued and outstanding common shares of Alpha at an exchange ratio of one common share of Inceptus for every one Alpha Share, resulting in a reverse takeover of Inceptus. It is expected that shareholders of Alpha will hold, in aggregate, at least 31.7 million of the outstanding common shares (on a non-diluted basis) of the resulting issuer (the "Resulting Issuer") after completion of the transaction, which represents approximately 87.0% of the total outstanding common shares (on a non-diluted basis) of the resulting issuer. Prior to completion of the transaction, Alpha will undertake a private placement of up to 11 million Alpha Shares at an issue price of CAD 0.25 per Alpha Share for gross proceeds of up to CAD 2.75 million. Upon completion of the acquisition, Amalco will be a wholly owned subsidiary of the resulting issuer. Prior to the completion of the transaction, Inceptus shall have received any requisite approvals: (i) change its name to "Alpha Dog Technologies Inc." or such other name as determined by Alpha and is acceptable to the TSXV; and (ii) replace the incumbent Directors and management of Inceptus with the nominees of Alpha and the Inceptus. Upon completion of the acquisition, the resulting issuer expects to be listed on the exchange as a Tier 2 industrial issuer under the trading symbol "WOOF". The Board of Directors of the resulting issuer after giving effect to the transaction will be comprised of five directors: three nominated by Alpha and two nominated by Inceptus. Following the first annual general meeting of the resulting issuer after completion of the transaction, the Board of Directors will be comprised of six Directors: four nominated by Alpha and two nominated by Inceptus. The six directors of the Resulting Issuer are expected to be Tamara Colgan (who will also be appointed as Chief Executive Officer), Karen Johnson (who will also be appointed as Chief Operating Officer and Corporate Secretary), Wendy Johansson, Warren Fetigan, Peter Yung Tan Chen and Tony Yu Chung Chan. Brittney Thompson will be appointed as Chief Financial Officer. In connection with the Closing of the Acquisition, Jason Lan and Christopher Twells will resign as directors The transaction is subject to completion of certain conditions set forth in the letter of intent, including, without limitation: approval by the Directors of Inceptus and Alpha, completion of satisfactory due diligence, execution of the definitive agreement on or before December 31, 2019, completion of the private placement financing, the time period for the exercise by Alpha Shareholders of their dissent rights under BCBCA in respect of the amalgamation will have expired, Alpha having no current liabilities or long-term debt as at the closing date, including loans from directors or officers, other than as disclosed in the Alpha financial statements and debts incurred in the ordinary course of business or for the purposes of the completion of the amalgamation and the other transactions contemplated herein, as at the closing date, Inceptus will have cash of at least $0.025 million in excess of all debt and outstanding obligations or liabilities, receipt approval of Alpha’s shareholder, regulatory (including TSXV) and third party approvals. The transaction does not require approval of the Inceptus’s shareholders. The amalgamation was approved by the Alpha shareholders at the annual general and special meeting of the Alpha shareholders held on March 6, 2020. The exchange has conditionally approved the acquisition subject to the Company fulfilling all of the requirements of the exchange on or before November 11, 2020. Inceptus Capital will hold an annual general meeting of the shareholders on October 16, 2020. The transaction is expected to close on or about September 30, 2020. Computershare Investor Services Inc. acted as transfer agent to Inceptus Capital. Alpha K-9 Technologies Inc. cancelled the acquisition of Inceptus Capital Ltd. (TSXV:ICI.P) in a reverse merger transaction on January 12, 2021. Alpha K-9 Technologies and Inceptus Capital mutually agreed that the present public markets are not conducive to financing opportunities and Inceptus Capital will review other opportunities to serve as its qualifying transaction.