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Kalex Corp. (KLXC)

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Last Post: 11/29/2016 11:03:28 AM - Followers: 15 - Board type: Free - Posts Today: 0
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8. STOCK AGREEMENT

On April 2, 2013, the Company entered into a Share Exchange Agreement ("Share Exchange Agreement"), which Share Exchange Agreement remains subject to closing, with American International Football Corporation, Inc., a Nevada corporation ("AIFC"), the Estate of Norman King and the shareholder owning all the issued and outstanding capital stock of AIFC. This agreement was terminated on August 7, 2013.

9. SUBSEQUENT EVENTS
On April 9, 2015, the Company's sole board member, Arnold F. Sock, appointed J. Scott Tassan as the chief financial officer (principal financial and accounting officer) of the Company. Mr. Tassan's experience as the financial officer of several companies in the past led to the conclusion that he should serve as the chief financial officer of the Company in light of the Company's business and structure. On May 18, 2015, the Company entered into an Acquisition Agreement with all the owners of the common stock of LCP, Inc. for the purchase of 80% of the outstanding common stock of LCP by the Company, thereby making it a majority owned subsidiary of the Company. On June 4, 2015, the parties to the Acquisition Agreement entered into an Addendum to Acquisition Agreement. The effective date of this transaction is the date that the last signature is obtained on the documents, which is June 13, 2015. In compliance with the terms of the Acquisition Agreement discussed above.

On June 15, 2015 the Company's sole board member, Arnold F. Sock, appointed J. Scott Tassan, Edward Vakser, and Scott N. Weinert, as members of the Company's Board of Directors. Immediately thereafter, Mr. Sock resigned as a director and officer of the Company. 

On June 16, 2015 the Company's Board of Directors appointed Scott N. Weinert, as the Chief Executive Officer and President of the Company. J. Scott Tassan was confirmed to continue to serve as the Chief Financial Officer of the Company. Mr. Weinert's experience as the chief executive officer of several companies in the past led to the conclusion that he should serve as the chief executive officer of the Company in light of the Company's business and structure.

On June 16, 2015, the Company has a new address and telephone number: 1717 McKinney Avenue, Suite 700, Dallas Texas 75202; (214) 418-6940.

On August 19, 2015, the Company received a letter from the SEC's Division of Corporation Finance stating that the Company is delinquent in its required filings under the 1934 Act. It also stated that if the Company has not filed all required reports within fifteen days from the date of the letter, it could be subject to administrative proceedings to revoke its registration under the 1934 Act. Counsel for the Company has contacted the sender of the letter, by telephone and letter, and requested an extension to October 13, 2015 for filing all required reports, including the 2015 Form 10-K. On September 14, 2015, counsel for the Company was informed that it was acceptable to the Division of Corporation Finance for the Company to bring current all of its delinquent filings, and the 2015 Form 10-K, not later than October 13, 2015.

On September 10, 2015, Scott N. Weinert resigned as President and a member of the board of directors of the Company to pursue other interests. There was no disagreement between the Company and Mr. Weinert prior to the resignation. The Company's board of directors has appointed J. Scott Tassan, the Company's Chief Financial Officer, as the Company's interim Chief Executive Officer and President.

On May 18, 2015, the Company entered into an Acquisition Agreement with all the owners of the common stock of LCP, Inc. for the purchase of 80% of the outstanding common stock of LCP by the Company, thereby making it a majority owned subsidiary of the Company. On June 4, 2015, the parties entered into an Addendum to Acquisition Agreement. By a General Release Agreement, dated November 5, 2015, the parties determined that it would be in the best interests of all the parties not to proceed with the Acquisition Agreement.

 

 

 


 
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KLXC News: Current Report Filing (8-k) 10/26/2016 02:58:10 PM
PostSubject
#250   Working on it! The others will be much Read-Dark Pool 11/29/16 11:03:27 AM
#249   Now your shares can't be traded. But people Midwestrader 11/20/16 07:33:10 AM
#248   KLXC SUSPENDED. LOL...this KING of FRAUD is NEVER Midwestrader 11/20/16 07:20:55 AM
#247   KLXC SEC Suspension for Financials / Filings delinquencies: Renee 11/17/16 09:36:11 AM
#245   Edwad Vaksham failed investors again ! winnotlose 09/02/16 04:01:58 PM
#244   FYI just look at SUTI before you ever Read-Dark Pool 09/01/16 10:12:35 AM
#243   You don't answer anyone anyway, maybe in the winnotlose 08/13/16 12:27:34 PM
#242   How come this isn't no bid yet? winnotlose 07/29/16 04:42:09 PM
#241   Me thinks that you're on the wrong ticker...but EdwardVakser 07/15/16 03:55:06 AM
#240   Answer this Eddie..per your "Agreed and Final Judgment" retired 51 07/07/16 10:31:23 AM
#239   Big reward offered to looter Jeffries winnotlose 07/01/16 04:42:18 PM
#238   Stay away from this and many other Vaksham winnotlose 06/28/16 11:48:28 AM
#237   Kalex still hasn't been domiciled in Wyoming where Midwestrader 06/16/16 11:23:43 PM
#236   LOL...Authorized shares almost SIX YEARS OLD. The OS Midwestrader 06/16/16 11:20:58 PM
#235   Lots of action on this Vakser FRAUD at Midwestrader 06/16/16 11:16:54 PM
#234   If all his other tickers were BK then Midwestrader 06/11/16 10:27:14 AM
#233   If Vaksham has this one why isn't it winnotlose 06/03/16 04:30:09 PM
#232   silver mans .... SILVER MANS .... it's note space1230 03/12/16 06:57:02 PM
#231   .0001 will be here before u know it retired 51 02/24/16 11:27:28 AM
#230   Where's that scumbag Vakser winnotlose 02/12/16 04:51:44 PM
#229   Oh but...he'll be more than willing to em... Midwestrader 02/12/16 09:52:35 AM
#228   .0001 will wait for it retired 51 02/02/16 04:10:01 PM
#227   only .085 pps? Looks like a bargain here space1230 01/27/16 05:01:07 PM
#226   Anything this bandito of Vaksham gypsies touches gets winnotlose 01/16/16 06:06:35 PM
#225   Vakser is in this , OUCH, .0025 to #1 PATRIOTS_RSOX FAN 01/15/16 03:20:48 PM
#224   guess that KLXC paper Vakser is trying to BigBadWolf 01/14/16 02:42:55 PM
#223   Eddie is going to do his final DUMPING Midwestrader 01/11/16 11:23:18 AM
#222   Edward the dirtbag winnotlose 01/08/16 04:08:39 PM
#221   Eddie trying to sell paper here......hhhmmmm.....the family of BigBadWolf 01/08/16 08:14:07 AM
#220   Vakser and Tassan are scumbags winnotlose 01/04/16 03:18:00 PM
#218   LOL...Eddie just got this ticker a few months Midwestrader 12/30/15 11:07:28 AM
#217   Stock promoter Vakser would be smart if he space1230 12/19/15 02:57:39 PM
#216   Vaksham will soon be withdrawing from here to winnotlose 12/19/15 01:25:47 PM
#215   Look at stock promoter Vakser getting all giddy space1230 12/13/15 01:20:28 AM
#213   howling $$KLXC a BS Crowd Funding Pitch BigBadWolf 11/08/15 08:48:08 PM
#212   No one in their right mind would pay Midwestrader 10/27/15 11:19:20 AM
#211   STAY CLEAR OF THIS PONZI SCHEME! This is nothing angelicsatan666 10/26/15 10:00:22 AM
#210   CHIRP CHIRP CHIRP. KLXC, pfffffffffffffft another SCAM run and angelicsatan666 10/26/15 09:20:24 AM
#209   What is the "BANDWAGON" theme this FRAUD is angelicsatan666 10/26/15 09:05:47 AM
#208   The SCAMMING knows NO bounds! angelicsatan666 10/25/15 07:45:35 PM
#207   LOL...over here too?? Didn't he also em..."resign" from Midwestrader 10/21/15 08:36:41 AM
#206   Fast Eddie going to dilute this to no Sethb 10/20/15 12:09:13 PM
#205   Is it finally happening?! FringeFinance 10/19/15 01:28:18 AM
#204   Look at them go with those delinquent filings. space1230 10/19/15 01:20:41 AM
#203   EV is responding to emails ev24903@gmail.com retired 51 10/18/15 04:40:24 PM
#202   Everyone here better watch out. This shell is winnotlose 10/17/15 11:15:57 AM
#201   Jorge Saenz dumped Vakser at Prpm and Suti winnotlose 10/16/15 04:26:05 PM
#200   LOL...YUP,yet ANOTHER Eddie ticker. Hasn't been in this Midwestrader 10/15/15 01:08:23 PM
#199   Vakser has this? No bid soon. Real winnotlose 10/15/15 01:00:04 PM
#198   What will it be on the "Eddies gone" Midwestrader 10/14/15 03:50:13 PM
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