The transaction closed on February 12, 2008, and the Sellers sold the 84,080,000 shares of our common stock to Route 32, LLC, resulting in Route 32, LLC owing 85.5% of our issued and outstanding common stock. Other than as set forth in the Agreement, there are no other arrangements currently in place that will result in a change of control of the company.
On February 12, 2008... Ms. Adele Ruger was appointed as the sole member of our Board of Directors and was appointed as our President, Secretary and Treasurer.
Adele Ruger is our incoming President, Secretary, Chief Financial Officer and Director. Ms. Ruger has been a real estate agent since 2003 for Mountview Realty in New Paltz, New York. Since 1997, Ms. Ruger has also been a real estate owner and property manager of personally-owned investment properties located primarily in New Paltz, New York. Ms. Ruger received her Bachelor of Science from Long Island University in New York in 1972, and her Master of Science from State University of New York at New Paltz in 1977.
{b} Don't we own part of this 100%? WHEREAS, the Company owns 100% of the issued and outstanding shares (the " Subsidiary Shares ") of Fit For Business (Australia) Pty Limited (" FFB Australia ");
WHEREAS, Poulsen and FFB are parties to that certain Agreement for the Purchase of Stock dated January 16, 2008 (the " Stock Purchase Agreement "), wherein Poulsen is entitled to receive Two Hundred Fifty Thousand (250,000) shares of FFB's common stock (the " FFB Shares ") post merger and after any restructuring of the Company involving a reverse stock split in the year following the signing of the Stock Purchase Agreement if, within one year after the close of the transaction contemplated by the Stock Purchase Agreement, FFB undergoes a restructuring involving a reverse stock split;
Hmmm this last part makes you wonder?
NOW, THEREFORE, for good and valuable consideration, the receipt of which is hereby acknowledged, Poulsen and the Company hereby agree as follows:
1. Poulsen hereby forever extinguishes and gives up his right to receive the FFB Shares from the Company under the Stock Purchase Agreement.
Any feedback Rainmaker?
