InvestorsHub Logo
Followers 14
Posts 1718
Boards Moderated 0
Alias Born 05/08/2017

Re: TooFrank post# 30451

Friday, 01/24/2020 10:02:18 PM

Friday, January 24, 2020 10:02:18 PM

Post# of 46084
Upon further due diligence, management determined that although the final issuance of 77,789 shares of Series B Preferred Stock of the Company
is correct, the proper structure of the transaction has been amended. Pursuant to an Omnibus Amendment Agreement between the Company, Lust
for Life New York, LLC, a New York limited liability company (“Lust NY”), Blind Faith Concepts, Inc., a New York corporation (“Blind
Faith”), (the “Amendment”) he Company purchased 100% of Blind Faith. Blind Faith ownership, as a matter of percentages, was equal to the
exact percentages of Lust for Life membership interests. Therefore, on August 23, 2019, owners of Blind Faith representing 100% of the total
issued and outstanding shares were issued, collectively, 77,789 shares of Series B Preferred Stock of the Company (“Series B Preferred”). As a
result, the Series B Preferred shares were issued as follows:

Shareholder Number of Series B Preferred Shares Received
Karen Berend 38,506
David Berend 16,919
Sarah Malaquias 16,919
Steven Berend 3,112
Linda Redlisky 2,334
TOTAL 77,789