Aluf Holdings Inc (AHIX)

[Smalls]

No kidding!!! Waiting on news for 2 acquisitions this quarter according to financials!!!

On July 27, 2015, the Company entered into a Non-binding Letter of Intent to acquire the assets of a biometric software
innovator formed in 2004, whose software products include “undefeatable” FIPS 140-2 Suite B military grade
encryption. This technology is used for the purpose of identifying and authenticating an individual using his unique
physical characteristics. Biometrics measure and analyze both physiological and behavioral characteristics such as
DNA, fingerprints, eye retinas and irises, voice patterns, facial patterns, vein and signature patterns and hand
measurements for authentication or identification purposes of a human being. On October 10, 2015, the Company
formed a new operating entity, Aluf Biometrics, Inc., for this acquisition. The acquisition is expected to close in the
first quarter of 2016.

AND

On February 9, 2016, the Company entered into a non-binding Letter of Intent for the purchase of intellectual property
which consists of a software program and all intellectual property rights related thereto. A definitive agreement is
currently under review by corporate council. Subject to the acceptance of a definitive agreement, closing is expected
to take place during the first quarter in 2016.

AHIX Annual Report