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Tuesday, June 28, 2016 10:23:41 PM
The 3,481,133 shares of Common Stock and 136,600 shares of Series “A” Preferred Stock owned by GEP Equity Holdings Limited, were earned in consideration for consulting services rendered to the Company. The shares of Common Stock and Series “A” Preferred Stock held of record in the name of GEP Equity Holdings Limited are beneficially owned by Peter J. Smith, who has voting and dispositive power over these shares in his capacity as Chief Executive Officer of Global Equity Partners, Plc. These shares were originally issued in the name of Global Equity Partners Plc., a wholly-owned subsidiary of Global Equity International, Inc. On June 15, 2016, Global Equity Partners Plc. transferred these shares to GEP Equity Holdings Limited, another wholly-owned subsidiary of Global Equity International, Inc. No change in the beneficial ownership of these shares occurred by this transfer between subsidiaries of Global Equity International, Inc.
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