Attached files
file | filename |
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EX-10.1 - American Magna Corp | form8k070810ex10-1.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
[Missing Graphic Reference]
FORM
8-K
[Missing Graphic Reference]
CURRENT
REPORT PURSUANT
TO
SECTION 13 OR 15(D) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of report (Date of earliest event reported): July 8, 2010
COASTLINE CORPORATE
SERVICES, INC.
(Exact
Name of Registrant as Specified in Its Charter)
Florida
|
333-143752
|
20-5859893
|
(State
or Other Jurisdiction of Incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
111
Second Ave. N.E., Suite 900
St. Petersburg,
FL
(Address
of Principal Executive Offices)
33701
(Zip
Code)
(727)
596-6095
(Registrant’s
Telephone Number, Including Area Code)
__________________________________________
(Former
Name or Former Address, if Changed Since Last Report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
|_|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|_|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
|_|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
Section
5. Corporate
Governance and Management
Item
5.01 Changes in Control of Registrant.
On July
8, 2010, Toni Eldred, the principal shareholder of Coastline Corporate Services,
Inc. (the “Company”), entered into a Stock Purchase Agreement which provided for
the sale of 600,000 shares of common stock of the Company (the “Purchased
Shares”) to Daulat (Dan) Nijjar (the “Purchaser”). The consideration paid for
the Purchased Shares, which represent 75.7% of the issued and outstanding share
capital of the Company on a fully-diluted basis, was $331,560. The source of the
cash consideration for the Purchased Shares was Mr. Nijjar’s personal
funds. In addition, Mr. Nijjar acquired a total of 47,500 shares of
common stock from three other shareholders resulting in Mr. Nijjar owning a
total of 647,500 common shares, or 81.7% of the issued and outstanding share
capital of the Company on a fully-diluted basis.
There are
no arrangements or understandings among members of both the former and new
control persons and their associates with respect to the election of directors
of the Company or other matters.
Item
5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Effective as of July 8,
2010, in connection with the disposition of the Purchase Shares Toni
Eldred resigned from her positions as the President, Chief Executive Officer,
Chief Financial Officer, Principal Accounting Officer, Secretary and Treasurer
of the Company and the Board of Directors of the Company elected Daulat (Dan)
Nijjar as President, Chief Executive Officer, Chief Financial Officer, Principal
Accounting Officer, Secretary, Treasurer and Director of the
Company.
Effective
June 30, 2010 Nanuk Warman resigned as a Director of the Company and effective
July 5, 2010 Alex Long resigned as a Director of the Company.
Mr.
Nijjar, age 65, is an accomplished businessman who owned and operated an Ace
Hardware Store from 1992 to 2001. Since the sale of his business Mr.
Nijjar has been involved in real estate development.
Item
9.01 Financial Statements and Exhibits
(c)
Exhibits:
Exhibit
10.1
|
Stock
Purchase Agreement dated July 8, 2010, between Toni Eldred and
Daulat (Dan) Nijjar
|
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Coastline
Corporate Services, Inc.
|
|
(Registrant)
|
|
By:
/s/ Daulat Nijjar
|
|
Name:
Daulat Nijjar,
Title:
President, Chief Executive Officer, Chief Financial Officer, Secretary,
Treasurer and Director
|
Date: July
14, 2010