Apple iSport Group Inc (AAPI)

[db7]

8k, excerpt: "Item 5.01 Change in Control of Registrant

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers



Effective December 8, 2015, a change of control occurred with respect to the Company. Pursuant to a Securities Purchase Agreement entered into by and among the Company, Paragon Capital LP (“Seller”), and Yik Kei Ong (“Buyer”, as nominee for certain third parties) (the “Purchase Agreement”), Seller assigned, transferred and conveyed to Buyer, as nominee (i) 2,109,286 shares of common stock of Company (“Common Stock”) and (ii) the following convertible notes of the Company totaling $199,500 (“Convertible Notes”); (a) a Convertible Note from the Company dated August 31, 2015 in the amount of $127,000, (b) a Convertible Note from the Company dated August 31, 2015 in the amount of $35,000, (c) a Convertible Note from the Company dated April 30, 2015 in the amount of $17,500, and (d) a Convertible Note from the Company dated November 3, 2015 in the amount of $20,000. The Convertible Notes are convertible into common stock of the Company at $0.001 per share for a total of 19,950,000 shares of common stock.



On the closing of the above transaction, Mr. Alan Donenfeld, the sole officer of Seller, resigned in all officer capacities from the Company and Yik Kei Ong was appointed Chief Executive Officer and Chief Financial Officer of the Company.



Effective upon the 10th day after the mailing of the Company’s information statement on Schedule 14f-1 (the “Schedule 14f-1”) to the Company’s stockholders (the “Appointment Date”), Mr. Donenfeld will resign as a director and on that same date, Mr. Ong will be appointed as the Company’s Chairman of the Board at that time.






Name Age Position
Yik Kei Ong 38 Chief Executive Officer and Chief Financial Officer


The business background description of the newly appointed officer is set forth below.



Mr. Yik Kei Ong is an entrepreneur and has been involved in numerous business enterprises. Since November 2013, he has been Chief Executive Officer of Trinity Green Tech Sdn Bdn, a Malaysian company that has developed a proprietary wind power technology"