(Exact name of small business issuer as specified in its charter)
(State or other jurisdiction of incorporation or organization)
(IRS Employer Identification No.)
(Address of principal executive offices)
(Registrant's Telephone number)
(Former Name or Former Address, if Changed Since Last Report)
On June 10, 2011, Bazi International, Inc. (the "Company") entered into an investment banking agreement, pursuant to which the Company engaged a broker dealer to render investment banking services for a period of one year from the date of the agreement.
Simultaneously with the execution of the agreement, the Company issued 500,000 shares of the Company's Common Stock in consideration for the services to be provided the Company under the terms of the agreement (the "IB Shares"). The IB Shares have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent the registration or an applicable exemption from the registration requirements of the Securities Act. The issuance is exempt from the registration requirements of the Securities Act, pursuant to Regulation D and/or Section 4(2).
The information provided in Item 1.01 regarding the issuance of the IB Shares is hereby incorporated by reference into this Item 3.02.
Bazi International, Inc. |
By: | /s/ John Pougnet |
Name: John Pougnet | |
Title: Chief Financial Officer |