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EX-3 - EXH. 3.1(B) DELAWARE CERTIFICATE OF INCORPORATION - E-Qure Corp. | exh3_1b.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
___________________
FORM 8-K
___________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (date of earliest event reported): August 4, 2014
ADB INTERNATIONAL
GROUP, INC.
(Exact Name of Registrant
as Specified in its Charter)
Commission File No.: 000-54862
Delaware | 22-2930106 |
(State of Incorporation) | (I.R.S. Employer Identification No.) |
40 Wall Street, 28th Floor, New York, NY | 10005 |
(Address of Principal Executive Offices) | (ZIP Code) |
Registrant's Telephone Number, including area code: (212) 400-7198
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))
Item 3.02 Unregistered Sales of Equity Securities.
During the period from February 2014 through April 2014, the Registrant issued convertible notes to the accredited investors set forth below. In May 2014, each of the investors set forth in the table below agreed to convert their respective notes into an aggregate of 5,016,062 restricted shares of common stock, at the conversion rates of their respective notes. The Registrant and the Investors agreed that the restricted shares would not be issued until the effective date of the Registrant's change in domicile from the State of New Jersey to the State of Delaware and the implementation of the one-for-one hundred (1:100) reverse split (the "Effective Date"). The Registrant reported in a Form 8-K filed with the SEC on June 9, 2014 the above facts with disclosure under Item 3.02. On August 1, 2014, FINRA approved the Registrant's redomicile and the reverse split, with an Effective Date of August 4, 2014.
Name
Date of Conversion
Conversion Rate
Shares
Itzchak Shrem
5/14/2014
$0.05
247,000
Lavi Krasney
5/13/2014
$0.03
543,000
Amir Uziel
5/13/2014
$0.05
542,000
Kfir Silberman
5/13/2014
$0.03
820,000
Eli Yoresh
5/13/2014
$0.05
271,000
Ohad Goren
5/18/2014
$0.01
1,150,000
Itsik Ben Yesha
5/18/2014
$0.01
1,350,000
Leetal Weissberg
5/17/2014
$0.05
93,062
Total
5,016,062
Each of the Note Holders set forth below, other than Ron Weissberg, acquired their respective Notes as assignees of Ron Weissberg, our Chairman and CFO. The Registrant issued the original convertible note in the principal amount of $71,345 to Mr. Weissberg on December 23, 2013. The note was convertible at a price of $0.01 per share. Each of the individuals listed in the table represented to the Registrant and to Mr. Weissberg their status as "accredited investors."
Name | Date of Conversion | Amount of Note in US$ | Shares Issued |
Yochanan Korman | 5/28/2014 | 14,000 | 1,400,000 |
Yoav Korman | 5/28/2014 | 10,000 | 1,000,000 |
Gerald Yaffe | 5/28/2014 | 10,200 | 1,020,000 |
Zeev Berr | 5/28/2014 | 2,500 | 250,000 |
Yehiel Weitzman | 5/28/2014 | 250 | 25,000 |
Ishai Birenboim | 5/30/2014 | 2,250 | 225,000 |
Jacob Dery | 5/28/2014 | 1,875 | 187,500 |
Benny Menashe | 5/28/2014 | 750 | 75,000 |
Eli Shlush | 6/27/2014 | 188 | 18,750 |
Sigal Tidhar | 6/27/2014 | 188 | 18,750 |
Benzi Weiner | 5/30/2014 | 255 | 25,500 |
Bracha Yaffe* | 5/28/2014 | 9,963 | 996,250 |
Ori Martin Rafaelowitz* | 5/28/2014 | 9963 | 996,250 |
Ron Weissberg | 5/28/2014 | 11,536 | 1,153,600 |
Total | 7,391,600 | ||
* U.S. residents |
The Investors set forth in the following table subscribed for restricted shares of the Registrant's common stock at a price of $0.40 per share during the week of June 1, 2014, with the express understanding that the certificates evidencing the shares would not be issued until the Effective Date of the Registrant's redomicile from the State of New Jersey to the State of Delaware and the implementation of the one-for-one hundred (1:100) reverse split. The Effective Date was August 4, 2014.
Investor's Name | Amount in US$ | Shares Issued |
Michael Cohen | 350,000 | 875,000 |
Aryeh Deri | 300,000 | 750,000 |
Ron Weissberg | 150,000 | 375,000 |
Daniel Lavi | 100,000 | 250,000 |
Itshak Ben Yesha | 100,000 | 250,000 |
Pansk Assets A.Y. Ltd (1) | 100,000 | 250,000 |
Short Trade Ltd. (2) | 100,000 | 250,000 |
Eli Shlush | 75,000 | 187,500 |
Sigal Tidhar | 75,000 | 187,500 |
Daniel Younisian | 60,000 | 150,000 |
Yael Berant | 60,000 | 150,000 |
Yehoshua Abramovitz | 60,000 | 150,000 |
Yochanan Korman | 60,000 | 150,000 |
Yoel Yogev | 60,000 | 150,000 |
Attribute Ltd (3) | 50,000 | 125,000 |
Avdinco Ltd (4) | 50,000 | 125,000 |
Ben-Zion Weiner | 50,000 | 125,000 |
Emanuel Kronitz | 50,000 | 125,000 |
Moshe Manor | 50,000 | 125,000 |
Boruj Tenembounm | 50,000 | 125,000 |
R. P. Holdings (1992) Ltd (5) | 50,000 | 125,000 |
Menashe Arnon | 40,000 | 100,000 |
Ofer Maimon | 40,000 | 100,000 |
Yaelle Schnitzer | 40,000 | 100,000 |
Dor Noy | 36,000 | 90,000 |
Adi Mantsura | 30,000 | 75,000 |
Assaf Hadar | 30,000 | 75,000 |
Avital Roy Group Ltd (6) | 30,000 | 75,000 |
Benny Menache | 30,000 | 75,000 |
Boaz Raam | 30,000 | 75,000 |
HeliCon Knan (1989) Ltd (7) | 30,000 | 75,000 |
Ishai Birenboim | 30,000 | 75,000 |
Jacob Blau | 30,000 | 75,000 |
Kai Otherthinking Ltd (8) | 30,000 | 75,000 |
Moshe Datz | 30,000 | 75,000 |
Ron Bentsur* | 30,000 | 75,000 |
Sharon Brimer | 30,000 | 75,000 |
Shlomi Shabat Hafakot Ltd (9) | 30,000 | 75,000 |
Shmuel Pasternack | 22,000 | 55,000 |
Zvi Weil | 15,000 | 37,500 |
Amir Fischler | 12,000 | 30,000 |
Total | 6,487,500 |
(1) The principal of this entity is Yehuda Zadik, a resident of Israel.
(2)
The principal of this entity is Shlomo Noyman, a resident of Israel.
(3) The principal of this entity is Itzhak Shrem, a resident of Israel.
(4) The principal of this entity is Avner Cohen, a resident of Israel.
(5) The principal of this entity is Rubin Zimmerman, a resident of Israel.
(6) The principal of this entity is Shlomi Avital, a resident of Israel.
(7) The principal of this entity is Roni Brown, a resident of Israel.
(8)
The principal of this entity is Ilan Tuviahu, a resident of Israel.
(9)
The principal of this entity is Shlomi Shabat, a resident of Israel
*
U.S. residents
The Registrant's acceptance of the above note and restricted share subscriptions and the issuances of restricted shares immediately after the Effective Date were in reliance upon the exemption from registration pursuant to Section 4(2) of the Securities Act of 1933, as amended (the "Act") and Regulation S promulgated by the SEC under the Act with respect to all Investors except for those persons designated as U.S. residents. With respect to the U.S. Investors, the Registrant relied upon exemption from registration pursuant to Section 4(2) of the Act and Regulation D promulgated by the SEC under the Act. The Registrant's purpose for the capital raise by the acceptance of subscriptions for restricted shares of the Delaware corporation was in furtherance of its business plan of entering into the medical device business with the intention of enabling the Registrant to become an operating company rather than its prior status as a "shell" company as that term is defined in Rule 144(i) promulgated by the SEC under the Act.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in
Fiscal Year.
Effective August 4, 2014, ADB International Group,
Inc., a New Jersey corporation, completed a migratory merger with and into
its wholly-owned subsidiary, ADB International Group, Inc., a Delaware
corporation (the "Registrant") pursuant to an Agreement and Plan of Merger
dated May 12, 2014 which was authorized by the Joint Consent of the Board of
Directors and Majority Stockholders of the New Jersey corporation on May 12,
2014. The Agreement and Plan of Merger and the Joint Consent of the Board of
Directors and Majority Stockholders were filed with the SEC on May 28, 2014,
as part of the Definitive 14C.
On May 12, 2014, there were
284,548,014 shares of common stock issued and outstanding, of which holders
of 226,591,014 shares of common stock, representing 79.63% of the issued and
outstanding shares of common stock, consented to the corporate actions
resulting in the redomicile and the one-for-one hundred (1:100) reverse
spit.
The migratory merger resulted in the redomicile of the
Registrant as a Delaware corporation. In connection with the migratory
merger, the holders of record on May 19, 2014 of shares of common stock of
the New Jersey corporation, the merging entity, received one (1) share of
the Registrant's common stock, par value $0.00001 per share, the surviving
entity, for each one hundred (100) shares of common stock, par value $0,0001
per share, of the New Jersey corporation.
The Certificate of
Incorporation of the New Jersey corporation, the merging entity, provided
for authorized capital stock of 525,000,000 shares comprised of 500,000,000
shares of common stock, par value $0.0001, and 25,000,000 shares of
preferred stock, no par value. The Certificate of Incorporation of the
Registrant, the surviving entity, provides for authorized capital stock of
520,000,000 shares comprised of 500,000,000 shares of common stock, par
value $0.00001 and 20,000,000 shares of preferred stock, par value $0.00001.
Item 9.01 Financial Statements and Exhibits
(b) The following documents are filed as exhibits to this current report on Form 8-K or incorporated by reference herein. Any document incorporated by reference is identified by a parenthetical reference to the SEC filing that included such document.
Exhibit No. |
Description |
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3.1(b) | Delaware Certificate of Incorporation, filed herewith. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ADB International Group, Inc. | ||
By: | /s/ Ron Weissberg | |
Name: | Ron Weissberg | |
Title: | Chief Financial Officer |
Date: August 12, 2014