STRICTLY CONFIDENTIALLetter of Intent • September 21st, 2016 • Sense Technologies Inc • Motor vehicle parts & accessories • Nebraska
This letter serves as a binding letter of intent between R and D USA, LLC a Nebraska Limited Liability Company d/b/a Scribner Natural Products (collectively "we" or the "Investor") and Sense Technologies, Inc. ( "the Company" or “Sense”), a corporation established under the laws of British Columbia, Canada and having a place of business at 2535 N. Carleton Avenue, Grand Island, Nebraska, United States whereby the Investor hereby proposes to the company to acquire a portion of the issued share capital in the Company, by way of subscription of new shares and/or (if thought desirable) derivative instruments convertible into shares of the Company, together with all rights, benefits and interest thereof or arising therefrom or in connection thereto, and free from liens, charges, encumbrances or third party rights, in consideration for which we shall transfer and assign all of our beneficial interests ("Business Interests") in Scribner's' soy meal and soy oil products and Soy non-GMO product
