Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - Omagine, Inc. | tenk_2009.txt |
| EX-31 - EXHIBIT 31.1, SARBANES-OXLEY 302 CERTIFICATION - Omagine, Inc. | sect302cert_ex31.txt |
| EX-32 - EXHIBIT 32.1, SARBANES-OXLEY 1350 CERTIFICATION - Omagine, Inc. | sec1350cert_ex32.txt |
| EX-99 - EXHIBIT 99.4, OMAGINE, INC. 2003 STOCK OPTION PLAN - Omagine, Inc. | ex99-4omagineplan.txt |
| EX-21 - EXHIBIT 21, SUBSIDIARIES OF THE REGISTRANT - Omagine, Inc. | ex21-subsidiaries.txt |
| EX-3 - EXHIBIT 3.12, AMENDED CERTIFICATE OF INCORPORATION - Omagine, Inc. | ex3-12amendcertofinc.txt |
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Exhibit J
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Shareholdings & Capitalization
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Page 1
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Amounts shown in Omani Rials
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One Omani Rial = $2.60 USD
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Omagine LLC / Omagine SAOC
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Share
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Debt Due to
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|||||||||||||||||||||||
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Total
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Share
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Premium
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Omagine Inc.
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||||||||||||||||||||||
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Shares
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Investment
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% Ownership
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Capital
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Capital
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Reserve
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Pre-Org Expense
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|||||||||||||||||||
| A. |
Existing Omagine LLC:
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Omagine Inc.
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190,000 | ر.ع |
19,000
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95.0 | % | ر.ع |
19,000
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ر.ع | 19,000 | ر.ع | - | ر.ع | 176,750 | ||||||||||||
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Journey of Light, Inc.
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10,000 | ر.ع |
1,000
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5.0 | % | ر.ع | 1,000 | ر.ع |
1,000
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ر.ع | - | ||||||||||||||
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Total
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200,000 | ر.ع |
20,000
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100.0 | % | ر.ع |
20,000
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ر.ع |
20,000
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ر.ع | - | ||||||||||||||
| B. |
Before D.A. Execution Date.
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Initial New Shareholder Subscriptions:
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Capital
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| Shares | Investment | Increase | |||||||||||||||
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Omagine Inc.
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557,500 | ر.ع | 55,750 | ر.ع | 55,750 | ||||||||||||
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OITP Fund
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300,000 | ر.ع | 30,000 | ر.ع | 30,000 | ||||||||||||
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Al-Mabkharah LLC
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75,000 | ر.ع | 7,500 | ر.ع | 7,500 | ||||||||||||
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Royal Court Affairs
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187,500 | ر.ع | 18,750 | ر.ع | 18,750 | ||||||||||||
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CCIC
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180,000 | ر.ع | 18,000 | ر.ع | 18,000 | ||||||||||||
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Sub-Total
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1,300,000 | ر.ع | 130,000 | ر.ع | 130,000 | ||||||||||||
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Share
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Debt Due to
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|||||||||||||||||||||||
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Total
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Share
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Premium
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Omagine Inc.
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|||||||||||||||||||||
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Company Totals:
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Shares
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% Ownership
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Capital
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Capital
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Reserve
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Pre-Org Expense
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||||||||||||||||||
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Omagine Inc.
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757,500 | 50.5 | % | ر.ع | 75,750 | ر.ع | 75,750 | ر.ع | - | ر.ع | 176,750 | |||||||||||||
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OITP Fund
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300,000 | 20.0 | % | ر.ع | 30,000 | ر.ع | 30,000 | ر.ع | - | |||||||||||||||
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Al-Mabkharah LLC
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75,000 | 5.0 | % | ر.ع | 7,500 | ر.ع | 7,500 | ر.ع | - | |||||||||||||||
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Royal Court Affairs
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187,500 | 12.5 | % | ر.ع | 18,750 | ر.ع | 18,750 | ر.ع | - | |||||||||||||||
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CCIC
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180,000 | 12.0 | % | ر.ع | 18,000 | ر.ع | 18,000 | ر.ع | - | |||||||||||||||
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Total
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1,500,000 | 100.0 | % | ر.ع | 150,000 | ر.ع | 150,000 | ر.ع | - | |||||||||||||||
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C.
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After D.A. Execution Date / Before Closing Date.
Fund 75% of Convertible Promissory Notes:
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| 100% of | 75% of | 25% of |
Debt Due to
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Note Subscriber:
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Note Amount | Note Amount | Note Amount |
Shareholders
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Omagine Inc.
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ر.ع |
176,750
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OITP Fund
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ر.ع |
12,255,000
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ر.ع |
9,191,250
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ر.ع |
3,063,750
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OITP Fund
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ر.ع |
9,191,250
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||||
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Al-Mabkharah LLC
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ر.ع |
2,063,750
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ر.ع |
2,297,812
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ر.ع |
765,938
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Al-Mabkharah LLC
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ر.ع |
2,297,812
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||||
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Royal Court Affairs
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ر.ع |
7,659,375
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ر.ع |
5,744,531
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ر.ع |
1,914,844
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Royal Court Affairs
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ر.ع |
5,744,531
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Total
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ر.ع |
22,978,125
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ر.ع |
17,233,593
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ر.ع |
5,744,532
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ر.ع |
17,410,343
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Funding Schedule for 75% of Notes principal value.
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Assumed to be a six month period beginning on the first day of the month after the D.A. Execution Date:
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Month 1
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Month 2
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Month 3
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Month 4
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Month 5
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Month 6
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Total
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OITP Fund
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ر.ع | 1,531,875 | ر.ع | 1,531,875 | ر.ع | 1,531,875 | ر.ع | 1,531,875 | ر.ع | 1,531,875 | ر.ع | 1,531,875 | ر.ع | 9,191,250 | ||||||||||||||
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Al-Mabkharah LLC
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ر.ع | 382,968 | ر.ع | 382,968 | ر.ع | 382,968 | ر.ع | 382,968 | ر.ع | 382,968 | ر.ع | 382,972 | ر.ع | 2,297,812 | ||||||||||||||
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Royal Court Affairs
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ر.ع | 957,421 | ر.ع | 957,421 | ر.ع | 957,421 | ر.ع | 957,421 | ر.ع | 957,421 | ر.ع | 957,426 | ر.ع | 5,744,531 | ||||||||||||||
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Total
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ر.ع | 2,872,264 | ر.ع | 2,872,264 | ر.ع | 2,872,264 | ر.ع | 2,872,264 | ر.ع | 2,872,264 | ر.ع | 2,872,273 | ر.ع | 17,233,593 | ||||||||||||||
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Exhibit J
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Shareholdings & Capitalization
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Page 2
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Amounts shown in Omani Rials
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One Omani Rial = $2.60 USD
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D.
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After D.A. Execution Date / Before Financing Agreement Date
Omagine Inc. re-invests debt payment:
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||||||||||||||||
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Shares
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Investment
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Capital
Increase |
||||||||||
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Omagine Inc.
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1,767,500 |
ر.ع
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176,750 |
176,750
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Sub-Total
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1,767,500 |
ر.ع
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176,750 |
ر.ع
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176,750 | |||||||
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Company Totals:
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Shares
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Total
Capital
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Share
Capital
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Share
Premium |
Debt Due to
Shareholders
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Omagine Inc.
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ر.ع.
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2,525,000 |
ر.ع
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522,500 |
ر.ع
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252,500 |
ر.ع
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- |
ر.ع
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- | ||||||||||
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OITP Fund
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ر.ع.
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300,000 |
ر.ع
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30,000 |
ر.ع
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30,000 |
ر.ع
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- |
ر.ع
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9,191,250 | ||||||||||
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Al-Mabkharah LLC
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ر.ع.
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75,000 |
ر.ع
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7,500 |
ر.ع
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7,500 |
ر.ع
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- |
ر.ع
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2,297,812 | ||||||||||
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Royal Court Affairs
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ر.ع.
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187,500 |
ر.ع
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18,750 |
ر.ع
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18,750 |
ر.ع
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- |
ر.ع
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5,744,531 | ||||||||||
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CCIC
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ر.ع.
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180,000 |
ر.ع
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18,000 |
ر.ع
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18,000 |
ر.ع
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- |
ر.ع
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- | ||||||||||
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Total
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3,267,500 |
ر.ع
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326,750 |
ر.ع
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326,750 |
ر.ع
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- |
ر.ع
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17,233,593 | |||||||||||
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E.
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At Closing Date:
Fund Final 25% of Notes.
CCIC Capital Subscription / Notes Converted to Capital.
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Total
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New
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25% of
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100% Notes
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Capital
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Debt Due to
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||||||||||||||||||
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Shares
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Investment
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Notes
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Investment
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Increase
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Shareholders
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|||||||||||||||||
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Omagine Inc.
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ر.ع
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- | ||||||||||||||||||||
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OITP Fund
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700,000 |
ر.ع
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3,063,750
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ر.ع
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12,255,000 | 12,255,000 |
ر.ع
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- | ||||||||||||||
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Al-Mabkharah LLC
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175,000 |
ر.ع
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765,938
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ر.ع
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3,063,750 | 3,063,750 |
ر.ع
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- | ||||||||||||||
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Royal Court Affairs
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437,500 |
ر.ع
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1,914,844 |
ر.ع
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7,659,375
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7,659,375 |
ر.ع
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- | ||||||||||||||
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CCIC
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420,000 |
ر.ع
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18,992,000 |
18,992,000
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ر.ع
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- | ||||||||||||||||
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Sub-Total
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1,732,500 |
ر.ع
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18,992,000 |
ر.ع
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22,978,125 | 41,970,125 |
ر.ع
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- | ||||||||||||||
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Share
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Share
Premium |
Total Capital
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Total Capital
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|||||||||||||||||||||
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Company Totals:
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Shares
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% Owned
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Capital
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Reserve
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Omani Rials
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||||||||||||||||||
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Omagine Inc.
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2,525,000 | 50.5 | % | ر.ع | 252,500 | ر.ع | - | ر.ع | 252,500 | $ | 656,500 | |||||||||||||
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OITP Fund
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1,000,000 | 20.0 | % | ر.ع | 100,000 | ر.ع | 12,185,000 | ر.ع | 12,285,000 | $ | 31,941,000 | |||||||||||||
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Al-Mabkharah LLC
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250,000 | 5.0 | % | ر.ع | 25,000 | ر.ع | 3,046,250 | ر.ع | 3,071,250 | $ | 7,985,250 | |||||||||||||
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Royal Court Affairs
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625,000 | 12.5 | % | ر.ع | 62,500 | ر.ع | 7,615,625 | ر.ع | 7,678,125 | $ | 19,963,125 | |||||||||||||
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CCIC
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600,000 | 12.0 | % | ر.ع | 60,000 | ر.ع | 18,950,000 | ر.ع | 19,010,000 | $ | 49,426,000 | |||||||||||||
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Total
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5,000,000 | 100.0 | % | ر.ع | 500,000 | ر.ع | 41,796,875 | ر.ع | 42,296,875 | $ | 109,971,875 |
Transform to Omagine SAOC
|
Share
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Share
Premium |
Total Capital
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Total Capital
|
|||||||||||||||||||||
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Company Totals:
|
Shares
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% Owned
|
Capital
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Reserve
|
Omani Rials
|
|
||||||||||||||||||
|
Omagine Inc.
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2,525,000 | 50.5 | % | ر.ع | 252,500 | ر.ع | - | ر.ع | 252,500 | $ | 656,500 | |||||||||||||
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OITP Fund
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1,000,000 | 20.0 | % | ر.ع | 100,000 | ر.ع | 12,185,000 | ر.ع | 12,285,000 | $ | 31,941,000 | |||||||||||||
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Al-Mabkharah LLC
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250,000 | 5.0 | % | ر.ع | 25,000 | ر.ع | 3,046,250 | ر.ع | 3,071,250 | $ | 7,985,250 | |||||||||||||
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Royal Court Affairs
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625,000 | 12.5 | % | ر.ع | 62,500 | ر.ع | 7,615,625 | ر.ع | 7,678,125 | $ | 19,963,125 | |||||||||||||
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CCIC
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600,000 | 12.0 | % | ر.ع | 60,000 | ر.ع | 18,950,000 | ر.ع | 19,010,000 | $ | 49,426,000 | |||||||||||||
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Total
|
5,000,000 | 100.0 | % | ر.ع | 500,000 | ر.ع | 41,796,875 | ر.ع | 42,296,875 | $ | 109,971,875 |