Mobile Lads Corporation (MOBO)

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Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year


On January 24, 2018, the Board of Directors of Mobile Lads Corp. (the “Company”) announced that it, as well as a majority of its shareholders voted to change the name of the Company to Unbanc Inc. and to effect a 1 for 30 reverse split. The Company has since been informed by the Nevada Secretary of State (the “NVSOS”) that the name change was processed in error in that the Company is not allowed to use the letters “banc” in its name without prior approval from the Nevada Financial Institutions Division (the “Division”). Upon contacting the Division, the Company was notified that name approval would not be given to the Company since it is not a federally registered financial institution.

Furthermore, the Company was informed by FINRA that pursuant to FINRA Rule 6490(d)(3)(2), FINRA will not approve the corporate actions until such time the Company is current with its filings with the Commission.

In light of the above, the Company has filed a Certificate of Correction with the NVSOS to reverse the amendment that was filed effecting the name change and reverse split. Therefore, both corporate actions will not proceed and the Company will remain as Mobile Lads Corp.

There will no impact to the change of fiscal year end and the Company’s year-end will remain as December 31.
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