Is John E. Parker shown below at 1701 Market Street Philadelphia, PA the same John E. Parker shown below at 435 Devon Park Drive Building Five, Second Floor Wayne, PA 19087?
Grant Lin: You and Li Chi Kong are past due in filing a Schedule 13D with the SEC as associated with your common stock ownership as shown below in Daleco Resources Corp or Corporation. Daleco did a NON-PUBLIC 1 for 10 reverse split of its common stock on Feb. 17, 1998 with a charter change in the state of Delaware. So, at the present time, Daleco's CUSIP NUMBER does not reflect the Feb. 17, 1998 1 for 10 reverse split. In 2011 as associated with my proxy vote - Broadridge Financial Solutions (Daleco's Stock Transfer Agent) assigned CUSIP NUMBER 23437PD99 to my proxy common share vote. Since you and Li Chi Kong need to have a CUSIP NUMBER in order to file a Schedule 13D with the SEC for the below transaction, my suggestion would be that you use CUSIP #23437PD99 in order to bring the SEC up to date as to the below transaction!
Marv Eatinger
8-K Documents Current report, items 5.02 and 9.01
Acc-no: 0001144204-13-026960 (34 Act) Size: 24 KB 2013-05-08 000-12214
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Directors
On May 1, 2013, Mr. Li Chi Kong and Mr. Grant Lin were appointed to the Board of Directors (“Board”) of the Registrant to serve until the next Annual Meeting of Stockholders.
Arrangement
On March 25, 2013, the Registrant finalized a Stock Purchase Agreement (“SPA”) with Far East Investments, LLC, a California limited liability company (“FEI”) and DTE Investment Ltd., a British Virgin Island company (“DTE”) (hereinafter FEI and DTE are sometimes collectively referred to as the “Investors” and individually as an “Investor”). The SPA provides for the Investors to pay the Company $1,500,000 for 15,000,000 shares of the Registrant’s common stock, par value $.01 (“Common Stock”) and a warrant for up to 18,000,000 shares of Common Stock (“Warrant”). The Warrant has a term of five (5) years (“Term”) and may be exercised at a price of $0.20 per share (“Exercise Price”). In the third through fifth years of the Term, the Exercise Price may be satisfied by exchanging Common Stock at the current market price. The Warrant may be exercised in whole or in part at any time during the Term.
Under the SPA for so long as the Investors retain at least 7,650,000 shares Common Stock issued under the SPA, the Investors are entitled to request that the Registrant nominate for election, by the shareholders of the Registrant at the Registrant’s annual meeting of shareholders, two persons suitable to serve as directors of the Registrant. The Investors have proposed that the Board nominate for election to the Board Messrs. Kong and Lin for election to the Board, by the shareholders of the Registrant at the Registrant’s next annual meeting of shareholders. The Nominating and Governance Committee of the Board of Directors of the Registrant has determined that such individuals are suitable to serve as directors of the Registrant. In the event that a person proposed for election by the Investors is not elected at any meeting of shareholders where Directors are elected, the Investors shall be entitled to nominate a replacement candidate who shall serve as a Director pending the next election of directors by the shareholders of the Company.
Although neither DTE nor FEI has filed its Schedule 13D with the Securities and Exchange Commission, management of the Registrant believes that the Investors continue to own the Common Stock and the Warrant.
Pursuant to the terms of the SPA, the Registrant entered into an Exclusive Sales Agency and Marketing Agreement (“Marketing Agreement”) with FEI. The Marketing Agreement grants to FEI the right to act as the Registrants exclusive marketing and sales agent for natural resources products in Asia excluding the nation of India. The Agreement also excludes the Registrant’s ZeoSure products.
Committees
Neither Mr. Kong nor Mr. Lin was appointed to any Committees of the Board of Directors of the Registrant. The Board of Directors has reviewed and evaluated the relationships with Messrs. Kong and Lin to determine the independence of each of the appointees in accordance with the governance policies of the Registrant as that term is defined in the applicable listing standards of The NASDAQ Stock Market LLC (“NASDAQ”).
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Martindale.com
Lawyers & Law Firms
John E. Parker - Lawyer Profile
John E. Parker
1701 Market Street
Philadelphia, Pennsylvania
(Philadelphia Co.)
Profile Visibility
#1,679 in weekly profile views out of 14,365 lawyers in Philadelphia, Pennsylvania
#143,347 in weekly profile views out of 1,500,420 total lawyers Overall
Experience & Credentials
University Dickinson College, B.A.
Law School Villanova University, J.D.
Admitted 1992
ISLN 901047036
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8-K Documents Current report, items 1.01, 3.02, and 9.01
Acc-no: 0001144204-13-017879 (34 Act) Size: 281 KB 2013-03-27 000-12214
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EXHIBIT 10.27 v339590_ex10-27.htm---- 9.7 Notices and Demands. Any notice or demand which is required or provided to be given under this Agreement shall be deemed to have been sufficiently given and received for all purposes when delivered by hand, facsimile, email, or five (5) business days after being sent by certified or registered mail, postage and charges prepaid, return receipt requested, or two (2) business days after being sent by overnight delivery providing receipt of delivery, to:
if to the Company:
Daleco Resources Corporation
17 Wilmont Mews, 5th Floor
West Chester, PA 19382
Fax: (610) 429-0818
Attn: Chief Executive Officer
or at such other address designated by the Company to the each Investor in writing with a copy to:
Ehmann, Van Denbergh & Trainor, P.C.
Two Penn Center Plaza, Suite 220,
1500 John F. Kennedy Boulevard
Philadelphia, PA 19102
if to the Investors:
Far East Investments, LLC
122 A East Foothill Boulevard
# 18
Arcadia, CA 91006
Attention: Mr. Grant Lin
DTE Investment Ltd.
Room 1019 Metro Centre I,
32 Lam Hing Street,
Kowloon, Hong Kong.
Attention: Mr. Li Chi Kong.
with a copy to:
John E. Parker
435 Devon Park Drive
Building Five, Second Floor
Wayne, PA 19087
Fax: (215) 914-6340
Any Party may change its address for receiving notice by written notice given to the others named above.
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9.8 Remedies; Severability. It is specifically understood and agreed that any breach of the provisions of this Agreement by any person subject hereto will result in irreparable injury to the other Parties hereto, that the remedy at law alone will be an inadequate remedy for such breach, and that, in addition to any other remedies which they may have, such other Parties may enforce their respective rights by actions for specific performance (to the extent permitted by law). Whenever possible, each provision of this Agreement shall be interpreted in such a manner as to be effective and valid under applicable law, but if any provision of this Agreement shall be deemed prohibited or invalid under such applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, and such prohibition or invalidity shall not invalidate the remainder of such provision or the other provisions of this Agreement.
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IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be duly executed and delivered by their proper and duly authorized representatives as of the day and year first above written.
COMPANY:
DALECO RESOURCES CORPORATION
By: /s/ Michael D. Parrish
Name: Michael D. Parrish
Title: Chief Executive Officer
INVESTORS:
FAR EAST INVESTMENTS, LLC
By: /s/ Grant Lin
Name: Grant Lin
Title: Managing Member
DTE INVESTMENT, LTD
By: /s/ Li Chi Kong
Name: Li Chi Kong
Title:
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PRE 14A Documents Other preliminary proxy statements
Acc-no: 0001144204-13-028413 (34 Act) Size: 442 KB 2013-05-14 000-12214
13839082
PRINCIPAL SHAREHOLDER AMOUNT OF
BENEFICIAL
OWNERSHIP
(SHARES)
PERCENT
OF
CLASS(4)
(%)
Common Far East Investments, LLC 19,250,000 (1 ) 28 %
Common DTE Investment, Ltd 13,750,000 (2 ) 20 %
Common Far East USA Investments, LLC (3 )
1 The shares held by Far East Investments, LLC consist of 7,500,000 shares issued pursuant to a Stock Purchase Agreement dated March 25, 2013, warrants for 6,250,000 shares and 5,500,000 warrants held by Far East USA Investments, LLC, a majority owned subsidiary of FEI, consisting of 2,750,000 warrants acquired from FEI and 2,750,000 acquired from DTE Investment, LTD
2.. The shares held by DTE Investment LTD consist of 7,500,000 shares issued pursuant to a Stock Purchase Agreement dated March 25, 2013 and warrants for 6,250,000 shares.
3. FEI is the majority owner of Far East USA Investments, LLC (“USA”). USA has granted FEI voting control over the shares subject to the 5,500,000 warrants USA acquired from FEI and DTE.
4. The applicable percentage ownership is based on 68,089,058 shares of Common Stock outstanding as of the Record Date, plus all securities exercisable or convertible by such beneficial owner into shares of Common Stock as of the Record Date.
Section 16(A) Beneficial Ownership Reporting Compliance
The Company received no Forms 5 filed by any party. Based upon a review of Forms 3 and 4filed during the fiscal year ended September 30, 2012 and information as of September 30, 2012 concerning beneficial ownership known to the Company for which a Form 3 or 4 should have been filed as relating to persons subject to Section 16(a), and other Schedule 13D that was required to have been filed following the March 31, 2013 Stock Purchase Agreement, closure: entities
1) Lord Gilbert has not filed any forms required by Section 16 of the Exchange Act;
2) Mr. Grady had not filed Forms 4 to report the acquisition of 142,857, 81,428 and 71,429 shares of Common Stock during fiscal 2011, 2010 and 2009, respectively; and,
3) Mr. Haessler has not filed a Form 4 to report the acquisition of 73,854 shares of Common Stock during 2012.
4) Far East Investments, LLC has not filed its Schedule 13 D to report the acquisition of 7,500,000 shares and warrants for 9,000,000 shares of common stock.
5) DTE Investment, Ltd, has not filed its Schedule 13 D to report the acquisition of 7,500,000 shares and warrants for 9,000,000 shares of common stock.
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