ZeU Crypto Networks Inc entered into a non-binding letter of intent to acquire all Blockchain and Smart Contract Technologies assets from Qingdao Tiande Technologies Inc for CAD 150 million on January 14, 2018. ZeU Crypto Networks Inc and Qingdao Tiande Technologies Inc will entered into definitive purchase agreement on or before February 5, 2018. Under the terms, ZeU Crypto Networks will issue 150 million common shares and 75 million share purchase warrants and each warrant will entitle the holder to acquire one Share at a price of CAD 1 for a period of three years following the date ZeU completes a transaction pursuant to which its common shares will either be listed on a recognized stock exchange in North America, or will be exchanged for common shares of a reporting issuer listed on a recognized stock exchange in North America. On February 23, 2018, a definitive agreement has been signed. The deal is subject to the approval of the Canadian Securities Exchange and certain conditions pursuant to the terms of the letter of intent, including the completion of a CAD 20 million financing on term acceptable to ZeU and satisfactory due diligence. The Transaction is anticipated to close on or before February 28, 2018. As on February 8, 2018, ZeU, Qingdao and Beijing Tiande Technologies Inc. entered into the amendment to the Letter Of Intent, which has extended the date by which the parties will conclude the execution of a definitive agreement on or around February 19, 2018 or such later date as may be mutually agreed upon by the parties. The amendment also revised the consideration structure, such that the proposed Acquisition will now be settled through the issuance of 75 million common shares of ZeU Crypto Networks Inc.and 75 million share purchase warrants on Closing and an additional 75 million shares after the issuance of the 20th patent derived from the intellectual property and patent application acquired from Tiande. As per the terms, purchase price for the acquisition shall be up to 150 million common shares of ZeU and 150 million warrants to vendors satisfied by delivery of a total of 65 million shares and 75 million warrants on the closing and to the extent and only if all of the milestone conditions are satisfied, the delivery of an additional 75 million shares within 3 Business Days following the satisfaction of the milestone conditions or closing, to the extent and only if twenty new patents pertaining to the Blockchain Technology are issued, the delivery of an 75 million shares within 3 Business Days following the satisfaction of the patent conditions. Each Warrant will be exercisable at a price of CAD 1.00 for a period of three years following the date ZeU Crypto Networks Inc. completes a transaction pursuant to which its shares will either be listed on a recognized stock exchange in North America, or will be exchanged for common shares of a reporting issuer listed on a recognized stock exchange in North America. The proposed acquisition is subject to a number of terms and conditions, including but not limited to, the completion of a concurrent financing not less than CAD 10 million and up to CAD 30 million that can be done in tranches and the receipt of all necessary regulatory, corporate and third party approvals, transfer and successful employment by ZeU of all key employees, all consents from clients and collaborators pursuant to the existing contracts of the vendor, satisfaction of closing conditions. Gravitas Securities Inc. is acting as financial advisor to ZeU Crypto Networks Inc. on the transaction.