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| LBGE > SEC Filings for LBGE > Form 8-K on 3-Nov-2009 | All Recent SEC Filings |
3-Nov-2009
Unregistered Sale of Equity Securities, Amendments to Articles of
(a)
Immediately subsequent to filing its Amended Certificate of Incorporation increasing authorized shares of common stock from 250,000,000 to 500,000,000, the Company issued an aggregate of 101,100,000 shares of its common stock to those persons and/or firms below. The issuance of such shares was exempt from registration in accordance with Section 4(2) of the Securities Act of 1933 as a transaction by an Issuer not involved in a public offering.
The 101,100,000 restricted shares of common stock were issued as follows.
Names Number of Restricted Shares
1Clark, Mitchell 300,000
2Atamian, John 300,000
Affordable Luxuries 1,000,000
3Tew, Cliff 300,000
4Richardson, Ricardo 25,000,000
Seeds R US 25,000,000
Barta, Jason 1,000,000
Singletary and Associates 5,000,000
5Stone, Reid 20,000,000
Kap, Michael 1,000,000
Jackson. Brenda 200,000
6Stohlman, Joel 21,200,000
Edwards, Brian 400,000
Barton, Brian 400,000
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The Company is not aware of any arrangements which may at a subsequent date, result in a change in control.
There is no new material relationship between the Company or its affiliates and any of the parties other than as indicated herein.
The Company filed an amendment to its Articles of Incorporation to increase its authorized number of shares of common stock from 250,000,000 to 500,000,000 effective November 3, 2009.
The following exhibits are filed as part of this Current Report.
Exhibits
3.1
Amendment to Articles of Incorporation.
Mr. Mitchell Clark may sell up to 5% of his holdings every other month, commencing 9 months from the date of issuance of such shares, but may not otherwise assign, transfer, pledge or hypothecate such shares.
Mr. John Atamian may sell up to 5% of his holdings every other month, commencing 9 months from the date of issuance of such shares, but may not otherwise assign, transfer, pledge or hypothecate such shares.
Mr. Cliff Tew may sell up to 5% of his holdings every other month, commencing 9 months from the date of issuance of such shares, but may not otherwise assign, transfer, pledge or hypothecate such shares.
Mr. Ricardo Richardson may sell up to 5% of his holdings every other month, commencing 9 months from the date of issuance of such shares, but may not otherwise assign, transfer, pledge or hypothecate such shares.
Reid Stone is Executive Vice President, Secretary, Treasurer and Director of the Company and owned 5,000,000 shares of Company common stock prior to this issuance.
Joel Stohlman is President, Chief Executive Officer and Director of the Company and owned 125,000,000 shares of Company common stock prior to this issuance.
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