IPOR
restricted shares 8,000000 Restricted makes the outstanding less than 7,000000
On
March
26, 2007, the Company issued 2,000,000 shares of its common stock to Kevin
R.
Keating, the sole officer and director of the Company, for services rendered
to
the Company, valued at $19,000, or $0.0095 per share.
On
March
26, 2007, the Company also issued 7,000,000 shares of its common stock to
Garisch Financial, Inc. (“GFI”) for consulting services rendered to the Company,
valued at $66,500, or $0.0095 per share.
The
shares of common stock issued to Kevin R. Keating and GFI in March of 2007 were
issued under an exemption from registration under Section 4(2) of the Securities
Act. As such, the shares of common stock issued to Kevin R. Keating and GFI
are
restricted shares, and the holder thereof may not sell, transfer or otherwise
dispose of such shares without registration under the Securities Act or an
exemption therefrom. The Company has granted demand and piggyback registration
rights to Kevin R. Keating and GFI with respect to the above shares.
