more shares to be issued - no revenues and tons of debt:
PPBL
On August 4, 2010, the Company entered into a Share Award Agreement with Pat LaVecchia . This Agreement evidences the grant to the Participant of the right to receive up to ten (10%) of the fully diluted shares of common stock of the Company based on the issued and outstanding common shares of the company par value $0.0001 per share, on certain terms and conditions. The dates for calculating the amount of shares to be issued will start on the date herein and end on January 10, 2011.
On August 4, 2010, the Company entered into a Share Award Agreement with Chris Giordano . This Agreement evidences the grant to the Participant of the right to receive up to ten (10%) of the fully diluted shares of common stock of the Company based on the issued and outstanding common shares of the company par value $0.0001 per share, on certain terms and conditions. The dates for calculating the amount of shares to be issued will start on the date herein and end on January 10, 2011.
On August 4th, 2010, the Company entered into an Indemnification Agreement with Mr. Pat LaVecchia and Chris Giordano (the “Indemnitee”) both as Co-Chairman and members of the Board of the Directors of the Company.
With effective date of August 15, 2010 the Company entered into a Consultant Agreement with Bold Horizon Entertainment LLC.,(Consultant). Consultant to provide services related to and in support of efforts in which Consultant has expertise which include the development and ongoing production of web-based television series, website content development and public relations efforts in the entertainment sector;
Item 3.02 Unregistered Sales of Securities
1. The Board of Directors duly adopted the following resolutions:
Omar Barrientos, Chief Executive Officer of Premiere Publishing Group, Inc, a Nevada corporation (hereinafter called the “ Corporation ”), pursuant to the provisions of General Corporation Law of the State of Nevada, hereby makes this Certificate of Designation under the corporate seal of the Corporation and hereby states and certifies that pursuant to the authority expressly vested in the Board of Directors of the Corporation by the Certificate of Incorporation: resolved, that there shall be a series of shares of the Corporation designated “Class D Redeemable Preferred Stock” (the “ Class D Preferred ”); that the number of shares of such series shall be One Hundred Thousand (100,000) and that the rights and preferences of such Class D Redeemable Preferred and the limitations or restrictions thereon, shall be as set forth herein;
The following shall be adopted and incorporated by reference into the foregoing resolutions as if fully set forth therein:
Number of Shares . The number of shares constituting the Class D Redeemable Preferred is hereby fixed at One Hundred Thousand (100,000). Stated Capital . The amount to be represented in stated capital at all times for each share of Class D Redeemable Preferred shall be its par value of $.0001 per share (“Stated Capital”).
2. The Company entered into an Agreement with Birchwood Capital Advisors Group, Inc., where Birchwood Capital Advisors Group, Inc. has purchased 100,000 shares of the Class D Redeemable Preferred Stock of Premiere Publishing Group, Inc., for the amount of $40,000, with closing occurring August 10, 2010.
