On October 29, 2019, XT Energy Group, Inc. (the “Company”) held a press conference and signing ceremony to announce the entrance into a letter of intent (“LOI”) with Stanley Hutton Rumbough and Nukkleus Inc. to effect a series of transactions, including (i) an acquisition of Nukkleus Inc., a Nevada company listed on OTC Markets, engaged in  providing software and technology solutions to financial services companies; (ii) an acquisition of Rockpool Acquisitions PLC, a special purpose acquisition company listed on London Stock Exchange, which intends to complete a transaction with Greenview Gas Limited, engaged in various energy related businesses, upon Greenview’s completion of certain restructuring plan; (iii) an acquisition of all intellectual properties of EF Hutton, including its trademark “EF Hutton” from Stanley Hutton Rumbough; and (iv) engagement of Stanley Hutton Rumbough as the Company’s director.

The LOI is not legally binding; however, parties to the LOI, the Company, Stanley Hutton Rumbough and Nukkleus Inc. agreed, for 90 days from the execution date of this LOI, to forego all other competing transactions, and to work exclusively with one another to complete the transactions described in the LOI, subject to final contracts, completion of appropriate due diligence and other closing conditions.

Additionally, at the press conference, the Company discussed its intent to acquire Shearson financial Services, LLC, a brokerage firm based in Florida, and Avatar Securities, LLC, a proprietary trading firm based in New York. As a result of these transactions, the Company plans to extend its reach to energy, gold, foreign-exchange, third-party payment and fintech sectors.