From 8-k On April 23, 2016, NAC Global Technologies, Inc. (“NAC” or the “Company”) entered into a binding Letter of Intent "The SHE Parties and the Company will use their commercially reasonable best efforts to enter into Definitive Agreements on or before May 9, 2016." http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11339687