We SuperGreen Energy Corp entered into a binding letter of intent to acquire Global Tech Industries Group, Inc. (OTCPK:GTII) in a reverse merger transaction on July 30, 2021. We SuperGreen Energy Corp entered into definitive letter agreement to acquire Global Tech Industries Group, Inc. on August 23, 2021. The shareholders of WSGE will become the majority shareholders of GTII, owning that amount of newly-issued common stock of GTII to be mutually-agreed upon by the parties and memorialized in a stock purchase agreement. Under the terms of letter of intent, GTII and WSGE will work toward a definitive agreement whereby GTII would acquire 100% of WSGE for a mutually agreed upon number of shares of GTII's common stock. WSGE becoming a wholly-owned subsidiary of GTII at the closing of the transaction. The letter of intent will automatically terminate if a definitive agreement is not entered into within thirty days after the date of the letter of intent. The conditions for WSGE include the completion of a 2 year audit of WSGE, written verification of a substantial bona fide purchase order contract in an amount of no less than $50 million dollars, by a customer, awarded to SuperGreen, a substantial cash deposit by the customer to GTII's satisfaction, transfer of patents and other legal approvals. The transaction will be mutually beneficial for GTII and WSGE and their respective shareholders. The Closing is subject to customary and specific terms and conditions contained in the Letter Agreement. The transaction closing will occur on or before December 30, 2021.

We SuperGreen Energy Corp cancelled the acquisition of Global Tech Industries Group, Inc. (OTCPK:GTII) in a reverse merger transaction in January 2022.