ITEM 3.02. UNREGISTERED SALES OF EQUITY SECURITIES
On February 22, 2021, Marc&Hem Publicidad S.A. de C.V. acquired control of
thirty-six million (36,000,000) restricted shares of common stock and seven
million five hundred thousand (7,500,000) shares of Series A Preferred Stock
(the "Purchased Shares") of the Company's issued and outstanding voting
securities, representing approximately 55.00% and 100% respectively, of the
Company's total issued and outstanding common stock, from Mark Allen Richard
Kraus, Scott Silver, and George Albert Martin in accordance with a Stock
Purchase Agreement by and among the parties thereto (the "Stock Purchase
Agreement"). Pursuant to the Stock Purchase Agreement, Marc&Hem Publicidad S.A.
de C.V. paid an aggregate purchase price of sixty thousand dollars ($60,000.00),
on a pro rata basis, to Mssrs. Kraus, Silver, and Martin in exchange for the
Purchased Shares. The foregoing transaction resulted in a change of control of
the Company with Marc&Hem Publicidad S.A. de C.V. acquiring a majority position
of both our Common Shares and our Series A Preferred Shares.
The following table sets forth, as of February 24, 2021, the beneficial
ownership of the outstanding common stock by: (i) any holder of more than five
(5%) percent; (ii) each of our executive officers and directors; and (iii) our
directors and executive officers as a group. Unless otherwise indicated, each of
the stockholders named in the table below has sole voting and dispositive power
with respect to such shares of common stock. As of the date of this Current
Report, there are 65,452,010 shares of common stock issued and outstanding.
Amount and
Amount and Nature of Percentage of
Name and Address Nature of Beneficial Beneficial
of Beneficial Beneficial Percentage of Ownership Ownership
Owner Directors Ownership Beneficial (Preferred
and Officers: (Common Shares) Ownership Shares)(1)
Marc&Hem
Publicidad S.A. De
C.V.(2)
Allende 649, 36,000,000 55.00% 7,500,000 100%
Centro
Torreon, Coahuila,
Mexico
Astrid Lorena Nil 0.00% Nil 0%
Buitrago Millan
Allende 649,
Centro
Torreon, Coahuila,
Mexico
All executive
officers and NIL 0.00% NIL 0%
directors as a
group
(1 person)
(1)Marc&Hem Publicidad S.A. de C.V. owns 7,500,000 shares of the Company's
Series A Preferred Shares representing 100% of the issued and outstanding shares
of the Series A Preferred Shares. The Series A Preferred Shares carry, among
other rights, preferences and privileges, 100 to 1 voting rights.
(2)Marc&Hem Publicidad S.A. de C.V. acquired these shares on February 22, 2021,
in a private transaction from Mark Allen Richard Kraus, Scott Silver, and George
Albert Martin, our former principal shareholders and officers and directors.
Diana Elizabeth Chacon Martinez has voting and dispositive control over these
shares as an officer and director of Marc&Hem Publicidad S.A. de C.V..
The foregoing description of the terms and conditions of the Stock Purchase
Agreement does not purport to be a complete description thereof and is qualified
in its entirety by reference to the full text of the Stock Purchase Agreement, a
copy of which is attached hereto as Exhibit 10.1 and is incorporated by
reference into this Item 3.02.
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ITEM 5.01. CHANGES IN CONTROL OF REGISTRANT
On February 22, 2021, Marc&Hem Publicidad S.A. de C.V. acquired control of
thirty-six million (36,000,000) restricted Common Shares and seven million five
hundred thousand (7,500,000) shares of Series A Preferred of the(the "Purchased
Shares") of the Company's issued and outstanding common stock, representing
approximately 55.00% and 100% respectively, of the Company's total issued and
outstanding common stock, from Mark Allen Richard Kraus, Scott Silver, and
George Albert Martin in accordance with a stock purchase agreement by and among
the parties thereto (the "Stock Purchase Agreement"). Pursuant to the Stock
Purchase Agreement, Marc&Hem Publicidad S.A. de C.V. paid an aggregate purchase
price of sixty thousand dollars ($60,000.00), on a pro rata basis to Mr. Kraus,
Mr. Silver, and Mr. Martin in exchange for the Purchased Shares. The foregoing
transaction resulted in a change of control of the Company with Marc&Hem
Publicidad S.A. de C.V. acquiring a majority position of both our Common Shares
and our Series A Preferred Shares.
The foregoing description of the terms and conditions of the Stock Purchase
Agreement does not purport to be a complete description thereof and is qualified
in its entirety by reference to the full text of the Stock Purchase Agreement, a
copy of which is attached hereto as Exhibit 10.1 and is incorporated by
reference into this Item 5.01.
ITEM 5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS
Mr. Mark Allen Richard Kraus resigned from all positions with the Company
effective as of February 22, 2021, including those on the Board of Directors and
as the Company's President and Chief Executive Officer. The resignation was not
the result of any disagreement with the Company on any matter relating to the
Company's operations, policies or practices.
Mr. Scott Silver resigned from all positions with the Company effective as of
February 22, 2021, including those on the Board of Directors and as the
Company's Secretary. The resignation was not the result of any disagreement with
the Company on any matter relating to the Company's operations, policies or
practices.
Mr. George Albert Martin resigned from all positions with the Company effective
as of February 22, 2021, including those on the Board of Directors and as the
Company's Chief Financial Officer and Treasurer. The resignation was not the
result of any disagreement with the Company on any matter relating to the
Company's operations, policies or practices.
On February 22, 2021, Astrid Lorena Buitrago Millan was appointed as the sole
member of the Company's Board of Directors and as the Company's President, Chief
Executive Officer, Chief Financial Officer, Treasurer, and Secretary.
The biography for Ms. Astrid Lorena Buitrago Millan is set forth below:
Ms. Astrid Lorena Buitrago Millan:
Since 2019, Ms. Buitrago, 24 years of age, has been employed by EFIM S.A.S.
located in Boyaca, Colombia. EFIM is a general civil engineering contractor and
construction company, performing grading, paving, and underground construction
for local agencies. At EFIM, Ms. Buitrago's duties include development of
economic proposals for work related contracts and projects, departmental
oversight, and project procurement. Prior to her role at EFIM, from 2017 to
2019, Ms. Buitrago worked as a sales advisor for Accion del Cauca S.A.S and at
Agrarian Bank of Colombia as an operational associate. Also, from 2014 - 2020,
Ms. Buitrago attended the Pedagogical and Technological University of Colombia
where she received two degrees: (1) Specialist in Senior Business Administration
(2019 - 2020) and Business Administration (2014 - 2019).
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits:
Exhibit Stock Purchase Agreement by and among Marc&Hem Publicidad,
10.04 S.A.de C.V., on the one hand, and Mark Kraus, George Martin and
Scott Silver, on the other, dated February 8, 2021 with a
Closing Date of February 22, 2021.
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