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Friday, March 16, 2018 4:25:18 PM
"4.6
Change in Control.
On September 5, 2017, pursuant to our Stock Purchase Agreement, we entered into a stock sale and business development transaction with Harry Orfanos; whereby, Mr. Orfanos would acquire control of the Company by Mr. Townsend issuance to him of 35,000,000 shares of our Preferred Stock (“Control Stock”). As the result of this transaction, a change in our control will occur pending successful execution of our Agreement. Our sole officer and director resigned after appointing Mr. Orfanos as our Chairman of the Board, President, and Chief Executive Officer. The consideration for the Preferred Stock is $75,000. Because the securities issued to Mr. Orfanos were debt securities, they did not require registration or qualification in any jurisdiction. We have not subsequently registered the Control Stock; however, the Control Stock does appear on the stock transfer ledger maintained by the company. The Control Stock is not listed on any regional or national exchange, and the Control Stock is not quoted over the counter on any electronic intermediary quotation system."
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