Item 1.01 Entry into a Material Definitive Agreement.

On January 18, 2022, Classroom Salon Holdings LLC ("Classroom Holdings"), a Delaware limited liability company and Classroom Holdings, a wholly-owned subsidiary of Global Tech Industries Group, Inc.'s ("GTII" or the "Company"), a Nevada corporation, pending successful completion of a two-year audit of by an auditor subject to the public corporation accounting oversight board ("PCAOB"), signed and executed membership interest purchase agreements, as well as assignments of membership interests, for the acquisition of 100% of the interest in Classroom Salon LLC ("Classroom Salon"), a Pennsylvania limited liability company, with all of the members of Classroom Salon. On December 18, 2021, GTII and Classroom Holdings agreed to engage in a business combination whereby Classroom Holdings would become a wholly owned subsidiary of GTII when they a signed a membership interest purchase agreement ("MIPA"). Pursuant to the MIPA, the members of Classroom Holdings (the "Classroom Holdings members") acquired ten million (10,000,000) shares of the common stock of GTII (the "GTII Common Stock"), issued as of December 18, 2021.

Item 1.02 Termination of A Definitive Material Agreement

On August 23, 2021 Global Tech Industries Group, Inc., a Nevada corporation ("GTII"), and We SuperGreen Energy Corp ("WSGE") signed a binding letter agreement to engage in a merger/business combination. The completion of an audit of the financial statements of WSGE by an auditor subject to the public corporation accounting oversight board ("PCAOB"), was a condition to be met before the closing of the transaction could occur. On January 24, GTII provided notice to WSGE that the letter agreement has been terminated due to WSGE's inability to provide audited financial statements by December 31, 2021, as provided therein.





Item 9.01 (d) Exhibits.

10.1 Membership Interest Purchase Agreement, dated January 18, 2022, between

Ananda Gunawardena and Classroom Salon Holdings LLC 10.2 Membership Interest Purchase Agreement, dated January 18, 2022, between

Carnegie Mellon and Classroom Salon Holdings LLC 10.3 Membership Interest Purchase Agreement, dated January 18, 2022, between

Tommy Wang and Classroom Salon Holdings LLC 10.4 Assignment of Membership Interest, dated January 18, 2022, - Ananda

Gunawardena to Classroom Salon Holdings LLC 10.5 Assignment of Membership Interest, dated January 18, 2022, - Carnegie


       Mellon to Classroom Salon Holdings LLC
10.6     Assignment of Membership Interest, dated January 18, 2022, - Tommy Wang
       to Classroom Salon Holdings LLC
104    Cover Page Interactive Data File (embedded within the Inline XBRL document)

Page 2 of 3

© Edgar Online, source Glimpses