NOTICE IS HEREBY GIVEN that the following action has been approved pursuant to the written consent of the holders of a majority of the voting power of the outstanding common stock of Life Clips Inc., a Wyoming corporation (the “Company ,” “ we ,” “ us ,” or “ our “) dated June 24, 2021, in lieu of a special meeting of the stockholders and in accordance with Wyoming Business Corporation Act §17-16-704 (d):
A. To effect a reverse split of the Company’s common stock on the basis of 15 (Fifteen) common shares for 1 (One) new common share.
B. To amend the Company’s Articles of Incorporation, to change the number of authorized shares of common stock of the Company to 5,000,000,000, $0.0010 par value, following the reverse split.
Stockholders of record at the close of business on June 17, 2021 (the “Record Date”), are entitled to receive a copy of this information statement.
Pursuant to Rule 14c-2 under the Securities Exchange Act of 1934, as amended, the actions described herein will not be implemented until a date at least 20 days after the date on which this Information Statement has been mailed to the stockholders. The Company anticipates that the amendments described will be effected on or before the close of business on July 19, 2021.
AI
