Advantag AG entered into a letter of intent to acquire Greenlite Ventures Inc. (OTCBB:GLTV) from United Nature and other shareholders in a reverse merger transaction on March 27, 2012. Under the terms of the letter of intent, Greenlite will issue 60% of its outstanding share to the shareholders of Advantag. Of the shares to be issued to Advantag, 75% will be held in escrow to be released based on Advantag's gross carbon credit sales over the next 5 years on the basis of one share for each 2 Euros of carbon credit sales. At closing, Advantag's management will assume management of Greenlite and a majority of Directors of Greenlite will be Directors nominated by Advantag. Closing of the transaction will be subject to satisfactory due diligence by Greenlite, preparation of U.S. GAAP financials of Advantag, and the entry into a formal agreement. In addition, transaction will be subject to Greenlite having cash of not less than $0.5 million and no significant liabilities at closing. The formal agreement shall be executed by April 10, 2012.

Advantag AG entered into a revised letter of intent to acquire Greenlite Ventures Inc. (OTCBB:GLTV) from United Nature and other shareholders in a reverse merger transaction on September 6, 2012. Under the terms of the Revised Letter of Intent, Greenlite will acquire 66.67% of the shares of Advantag by issuing to Raik Oliver Heinzelmann, the principal shareholder of Advantag such number of shares of Greenlite as shall be equal to 65% of the number of Greenlite's outstanding shares resulting in a reverse takeover of Greenlite. The formal agreement shall now be executed by no later than December 31, 2012.

Advantag AG cancelled the acquisition of Greenlite Ventures Inc. (OTCBB:GLTV) from United Nature and other shareholders in a reverse merger transaction on January 9, 2013. Greenlite has not been able to raise sufficient funds to permit it to meet the financial requirements and did not meet the financial requirements before the letter of intent expired on December 31, 2012.