White Smile Global, Inc. (OTCPK:WSML) signed a letter of intent to acquire FPL Holdings Inc on March 29, 2018. White Smile Global, Inc. (OTCPK:WSML) entered into an agreement to acquire FPL Holdings Inc. for $33 million on June 13, 2018. As part of consideration, White Smile Global will issue 400 million shares of common stock. According to the terms of the letter of intent, White Smile Global will acquire all of the outstanding shares of FPL Holdings Inc. and all its subsidiary companies that include Femab Properties Limited in Nigeria. White Smile Global will have ten Board of Directors. Four members to be appointed by FPL Holdings Inc, two by Palewater Global Management Inc, two by Milost Global Inc. and two independent members by White Smile Global. Subject to the approval by both companies and the achievement of certain milestones a definitive agreement will be prepared with the final terms for execution. At the closing, FPL Holdings Inc. will become a wholly-owned subsidiary of White Smile Global. The transaction is subject to satisfaction or waiver of customary conditions. On May 29, 2018 Williamsville Sears Management, Inc. (OTCPK:WSML) has completed all aspects of satisfactory due diligence and is currently reviewing the plans to consummate upon the conclusion of satisfactory due diligence. Williamsville Sears Management, Inc. (OTCPK:WSML) will commit resources to conclude the transaction in next few weeks. White Smile Global, Inc. (OTCPK:WSML) cancelled the acquisition of FPL Holdings Inc on March 29, 2019.