Sense Technologies Inc. (OTCPK:SNSG.F) entered into a nonbinding letter of intent to acquire R and D USA, LLC on May 25, 2016. The acquisition includes business assets comprising R and D, USA, LLC's means of production of soy meal and soy oil products and non-GMO products, certified organic products, refined oils, agricultural oils, and other related specialty fertilizer crop products, including all intellectual and intangible property related thereto. As of September 8, 2016, subsequent to the completion of its due diligence process, Sense Technologies Inc. entered into a binding letter of intent to acquire R and D USA, LLC. As per the consideration, Sense Technologies will initially raise $0.35 million for the purpose of working capital for the soybean processing mill, and issue to R and D, USA, LLC common shares in Sense Technologies. The shares will be issued in two tiers of a number of common shares of Sense Technologies to be determined before entering the definitive agreement. The transaction is subject to due diligence reviews by both companies, approval of shareholders of R and D USA and approval of board of Sense Technologies. The proposed transaction may be subject to the approval of Sense Technologies shareholders and the approval of R and D USA, LLC. The approvals needed will depend on the transaction structure contained in any definitive agreement that may be entered into. Sense Technologies Inc. (OTCPK:SNSG.F) entered into an agreement to acquire R and D USA, LLC on September 7, 2016. As consideration, Sense Technologies will issue 2 million common shares and 0.7 million $10 Class B convertible preferred shares. The execution of this agreement is based upon Sense Technologies, Inc. and R and D, USA, LLC each having satisfactorily completed their respective due diligence reviews. The deal is subject to execution of employment agreements. Sense Technologies Inc. (OTCPK:SNSG.F) completed the acquisition of R and D USA, LLC on September 21, 2016.