SHARE EXCHANGE AGREEMENT Pacific Industry Holding Group Co. Ltd. FOR THE EXCHANGE OF CAPITAL STOCK OF Entech environmental technologies, inc. DATED AS OF FEBRUARY 22, 2008
Pacific
Industry Holding Group Co. Ltd.
FOR
THE EXCHANGE OF
CAPITAL
STOCK
OF
Entech
environmental technologies, inc.
DATED
AS OF FEBRUARY 22, 2008
This
SHARE EXCHANGE AGREEMENT, dated as of February 22, 2008 (the “Agreement”) by and
among Pacific Industry Holding Group Co. Ltd.,
a
Vanuatu
corporation (“PACIFIC”),
Xxxxxxxx Xxxxx, an individual residing at 000 Xxxxxx Xxxxxx, Xxxxxx, XX 00000
(“Xxxxx”),
Entech Environmental Technologies, Inc., a Florida corporation (the“SHELL”)
and
all of the shareholders of PACIFIC, whose names are set forth on Exhibit A
attached hereto (“SHAREHOLDERS”).
WHEREAS,
SHAREHOLDERS own 100% of the issued and outstanding shares of Common Stock
of
PACIFIC (the "PACIFIC
Shares");
WHEREAS,
SHAREHOLDERS believe it is in their best interest to exchange the PACIFIC Shares
for shares of Series A Convertible Preferred Stock of SHELL, par value $0.001
per share (“SHELL
Shares”),
and
SHELL believes it is in its best interests to acquire the PACIFIC Shares in
exchange for SHELL Shares, upon the terms and subject to the conditions set
forth in this Agreement; and
WHEREAS,
it is the intention of the parties that: (i) SHELL shall acquire 100% of the
PACIFIC Shares in exchange solely for the amount of SHELL Shares set forth
herein; (ii) said exchange of shares shall qualify as a tax-free reorganization
under Section 368(a)(1)(B) of the Internal Revenue Code of 1986, as amended
(the“Code”);
and
(iii) said exchange shall qualify as a transaction in securities exempt from
registration or qualification under the Securities Act of 1933, as amended
and
in effect on the date of this Agreement (the “Securities
Act”)
NOW,
THEREFORE, in consideration of the mutual terms, conditions and other agreements
set forth herein, the parties hereto hereby agree as follows:
ARTICLE
I
EXCHANGE
OF SHARES FOR COMMON STOCK
Section
1.1 Agreement
to Exchange PACIFIC Shares for SHELL Shares.
On the
Closing Date (as hereinafter defined) and upon the terms and subject to the
conditions set forth in this Agreement, SHAREHOLDERS shall sell, assign,
transfer, convey and deliver the PACIFIC Shares (representing 100% of the issued
and outstanding PACIFIC Shares), to SHELL, and SHELL shall accept the PACIFIC
Shares from the SHAREHOLDERS in exchange for the issuance to the SHAREHOLDERS
of
the number of SHELL Shares set forth opposite the names of the SHAREHOLDERS
on
Exhibit A hereto.
Section
1.2 Capitalization.
On the
Closing Date, immediately before the transactions to be consummated pursuant
to
this Agreement, SHELL shall have authorized (a) 100,000,000 shares of Common
Stock, par value $0.001 per share, of which
87,281,218 shares
shall be issued and outstanding, all of which are duly authorized, validly
issued and fully paid and the detailed shareholdings of which are more
particularly set out in Exhibit
B
hereto;
and (b) 10,000,000 shares of Preferred Stock, $0.001 par value, of which no
shares are issued or outstanding.
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Section
1.3 Closing.
The
closing of the exchange to be made pursuant to this Agreement (the "Closing")
shall take place at 10:00 a.m. E.D.T. on the second business day after the
conditions to closing set forth in Articles V and VI have been satisfied or
waived, or at such other time and date as the parties hereto shall agree in
writing but no later than February 29, 2008 (the "Closing Date"), at the offices
of Guzov Ofsink, LLC, 000 Xxxxxxx Xxxxxx, 00xx
Xxxxx,
Xxx Xxxx, Xxx Xxxx 00000. At the Closing, SHAREHOLDERS shall (i) deliver to
SHELL the stock certificates representing 100% of the PACIFIC Shares, duly
endorsed in blank for transfer or accompanied by appropriate stock powers duly
executed in blank. In full consideration and exchange for the PACIFIC Shares
and
payment, SHELL shall issue and exchange with SHAREHOLDERS 1,000,000 SHELL Shares
representing approximately 1,000 SHELL Shares for each PACIFIC Share
exchanged.
1.4
Tax
Treatment.
The
exchange described herein is intended to comply with Section 368(a)(1)(B) of
the
Code, and all applicable regulations thereunder. In order to ensure compliance
with said provisions, the parties agree to take whatever steps may be necessary,
including, but not limited to, the amendment of this Agreement.
ARTICLE
II
REPRESENTATIONS
AND WARRANTIES OF SHELL
SHELL
and
Xxxxx hereby represent, warrant and agree as follows:
Section
2.1 Corporate
Organization
a. SHELL
is
a corporation duly organized, validly existing and in good standing under the
laws of Florida, and has all requisite corporate power and authority to own
its
properties and assets and to conduct its business as now conducted and is duly
qualified to do business in good standing in each jurisdiction in which the
nature of the business conducted by SHELL or the ownership or leasing of its
properties makes such qualification and being in good standing necessary, except
where the failure to be so qualified and in good standing will not have a
material adverse effect on the business, operations, properties, assets,
condition or results of operation of SHELL (a "SHELL
Material Adverse Effect");
b. Copies
of
the Articles of Incorporation and By-laws of SHELL, with all amendments thereto
to the date hereof, have been furnished to PACIFIC and the SHAREHOLDERS, and
such copies are accurate and complete as of the date hereof. The minute books
of
SHELL are current as required by law, contain the minutes of all meetings of
the
Board of Directors and shareholders of SHELL from its date of incorporation
to
the date of this Agreement, and adequately reflect all material actions taken
by
the Board of Directors and shareholders of SHELL.
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Section
2.2 Capitalization
of SHELL.
The
authorized capital stock of SHELL consists of (a) 100,000,000 shares of Common
Stock, par value $0.001 per share, of which 87,281,218
shares
are issued and outstanding, all of which are duly authorized, validly issued
and
fully paid and the detailed shareholdings of which are more particularly set
out
in Exhibit
B
hereto;
and (b) 10,000,000 shares of Preferred Stock, $0.001 par value, of which none
are issued or outstanding. The parties agree that they have been informed of
the
issuances of these SHELL Shares, and that all such issuances of SHELL Shares
pursuant to this Agreement will be in accordance with the provisions of this
Agreement. All of the SHELL Shares to be issued pursuant to this Agreement
have
been duly authorized and will be validly issued, fully paid and non-assessable
and no personal liability will attach to the ownership thereof and in each
instance, have been issued in accordance with the registration requirements
of
applicable securities laws. As of the date of this Agreement there are and
as of
the Closing Date, there will be, no outstanding options, warrants, agreements,
commitments, conversion rights, preemptive rights or other rights to subscribe
for, purchase or otherwise acquire any shares of capital stock or any un-issued
or treasury shares of capital stock of SHELL.
Section
2.3 Subsidiaries
and Equity Investments.
SHELL
has no subsidiaries or equity interest in any corporation, partnership or joint
venture.
Section
2.4 Authorization
and Validity of Agreements.
SHELL
has all corporate power and authority to execute and deliver this Agreement,
to
perform its obligations hereunder and to consummate the transactions
contemplated hereby and upon the execution and delivery by PACIFIC and the
PACIFIC Shareholders and the performance of their obligations herein, will
constitute, a legal, valid and binding obligation of SHELL. The execution and
delivery of this Agreement by SHELL and the consummation by SHELL of the
transactions contemplated hereby have been duly authorized by all necessary
corporate action of SHELL, and no other corporate proceedings on the part of
SHELL are necessary to authorize this Agreement or to consummate the
transactions contemplated hereby.
Section 2.5 No
Conflict or Violation.
The
execution, delivery and performance of this Agreement by SHELL do not and will
not violate or conflict with any provision of its Articles of Incorporation
or
By-laws, and does not and will not violate any provision of law, or any order,
judgment or decree of any court or other governmental or regulatory authority,
nor violate or result in a breach of or constitute (with due notice or lapse
of
time or both) a default under, or give to any other entity any right of
termination, amendment, acceleration or cancellation of, any contract, lease,
loan agreement, mortgage, security agreement, trust indenture or other agreement
or instrument to which SHELL is a party or by which it is bound or to which any
of their respective properties or assets is subject, nor will it result in
the
creation or imposition of any lien, charge or encumbrance of any kind whatsoever
upon any of the properties or assets of SHELL, nor will it result in the
cancellation, modification, revocation or suspension of any of the licenses,
franchises, permits to which SHELL is bound.
Section
2.6 Consents
and Approvals.
No
consent, waiver, authorization or approval of any governmental or regulatory
authority, domestic or foreign, or of any other person, firm or corporation,
is
required in connection with the execution and delivery of this Agreement by
SHELL or the performance by SHELL of its obligations hereunder.
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Section
2.7 Absence
of Certain Changes or Events.
Since
its inception:
a. SHELL
has
operated in the ordinary course of business consistent with past practice and
there has not been any material adverse change in the assets, properties,
business, operations, prospects, net income or condition, financial or otherwise
of SHELL. As of the date of this Agreement, SHELL does not know or have reason
to know of any event, condition, circumstance or prospective development which
threatens or may threaten to have a material adverse effect on the assets,
properties, operations, prospects, net income or financial condition of
SHELL;
b. there
has
not been any declaration, setting aside or payment of dividends or distributions
with respect to shares of capital stock of SHELL or any redemption, purchase
or
other acquisition of any capital stock of SHELL or any other of SHELL’s
securities; and
Section
2.8 Disclosure.
This
Agreement and any certificate attached hereto or delivered in accordance with
the terms hereby by or on behalf of SHELL in connection with the transactions
contemplated by this Agreement, when taken together, do not contain any untrue
statement of a material fact or omit any material fact necessary in order to
make the statements contained herein and/or therein not misleading.
Section
2.9 Litigation.
To the
knowledge of the Company, no litigation, claim, or other proceeding before
any
court or governmental agency is pending or to the knowledge of the Company,
threatened against the Company, the prosecution or outcome of which may have
a
Material Adverse Effect (as defined below). There
is
no action, suit, proceeding or investigation pending or threatened against
the
Company or any subsidiary that may affect the validity of this Agreement or
the
right of SHELL to enter into this Agreement or to consummate the transactions
contemplated hereby. “Material Adverse Effect” means any adverse effect on the
business, operations, properties or financial condition of the Company or any
of
its Subsidiaries that is material and adverse to the Company and its
Subsidiaries taken as a whole and/or any condition, circumstance, or situation
that would prohibit or otherwise materially interfere with the ability of the
Company or any Subsidiary to perform any of its material obligations under
this
Agreement, the Registration Rights Agreement or the Warrants or to perform
its
obligations under any other material agreement.
Section
2.10 Securities
Laws.
SHELL
has complied in all respects with applicable federal and state securities laws,
rules and regulations, including the Sarbanes Oxley Act of 2002, as such laws,
rules and regulations apply to SHELL and its securities; and (b) all shares
of
capital stock of the Company have been issued in accordance with applicable
federal and state securities laws, rules and regulations. There are no stop
orders in effect with respect to any of the Company’s securities.
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Section
2.11 Tax
Returns, Payments and Elections.
Schedule 2.11 lists the status of all tax returns of the SHELL, statements,
reports, declarations and other forms and documents that are required to be
prepared and/or filed by law as of the Closing Date. As of the date hereof
and
the Closing Date, there are no taxes incurred and unpaid. Xxxxx will,
post-closing, assist in facilitating the filing of all unfilled tax
returns.
Section
2.12 ’34
Act Reports.
None of
SHELL’s filings with the SEC, contains any untrue statement of a material fact
or omits to state a material fact necessary to make the statements therein
not
misleading, in light of the circumstances in which they were
made.
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Section
2.13 Market
Makers.
SHELL
has at least three (3) market makers in its Common Stock.
Section
2.14 Brokers’
Fees and Commissions.
Neither
the SHELL nor any of its officers, directors, employees, stockholders, agents
or
representatives, nor Xxxxx have employed any investment banker, broker, or
finder in connection with the transactions contemplated by this Agreement and
no
such person or entity is entitled to a fee with respect to the transactions
contemplated by this Agreement.
Section
2.15 Convertible
Securities.
Schedule
2.15 hereto contains a true and accurate listing of all outstanding options,
warrants and securities convertible into, or exchangeable for, Common Stock
of
the Shell and the number of shares of Common Stock for which each is
convertible, exercisable or exchangeable.
Section
2.16 Survival.
Each of
the representations and warranties set forth in this Article II shall be deemed
represented and made by SHELL and Xxxxx at the Closing as if made at such time
and shall survive the Closing for a period terminating on the second anniversary
of the date of this Agreement.
ARTICLE
III
REPRESENTATIONS
AND WARRANTIES OF PACIFIC AND SHAREHOLDERS
PACIFIC
and each of the SHAREHOLDERS, severally, represent, warrant and agree as
follows:
Section
3.1 Corporate
Organization.
a. PACIFIC
is a corporation with no prior business activities. It is duly organized,
validly existing and in good standing under the laws of the Republic of Vanuatu
and has all requisite corporate power and authority to own its properties and
assets and to conduct its business as now conducted and is duly qualified to
do
business, is in good standing in each jurisdiction wherein the nature of the
business conducted by PACIFIC or the ownership or leasing of its properties
makes such qualification and being in good standing necessary, except where
the
failure to be so qualified and in good standing will not have a material adverse
effect on the business, operations, properties, assets, condition or results
of
operation of PACIFIC (a "PACIFIC
Material Adverse Effect").
As of
the date of this Agreement, PACIFIC owns all of the issued and outstanding
equity or voting interests in Shaanxi Tianren Organic Food Co., Ltd.
(“Tianren”).
Tianren is duly organized, validly existing and in good standing under the
laws
of the Peoples’ Republic of China (“PRC”)
and
has all requisite corporate power and authority to own its properties and assets
and to conduct its business as now conducted and is duly qualified to do
business, is in good standing in each jurisdiction wherein the nature of the
business conducted by Tianren or the ownership or leasing of its properties
makes such qualification and being in good standing necessary, except where
the
failure to be so qualified and in good standing will not have a material adverse
effect on the business, operations, properties, assets, condition or results
of
operation of Tianren (a "Tianren
Material Adverse Effect")
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b. Copies
of
the Certificate of Incorporation and By-laws of PACIFIC and Tianren, with all
amendments thereto to the date hereof, have been furnished to SHELL, and such
copies are accurate and complete as of the date hereof. The minute books of
PACIFIC are current as required by law, contain the minutes of all meetings
of
the Board of Directors and shareholders of PACIFIC, and committees of the Board
of Directors of PACIFIC from the date of incorporation to the date of this
Agreement, and adequately reflect all material actions taken by the Board of
Directors, shareholders and committees of the Board of Directors of
PACIFIC.
Section
3.2 Capitalization
of PACIFIC; Title to the PACIFIC Shares.
On the
Closing Date, immediately before the transactions to be consummated pursuant
to
this Agreement, PACIFIC shall have authorized one hundred (100) PACIFIC Shares,
of which 100 PACIFIC Shares will be issued and outstanding. The PACIFIC Shares
are the sole outstanding shares of capital stock of PACIFIC, and there are
no
outstanding options, warrants, agreements, commitments, conversion rights,
preemptive rights or other rights to subscribe for, purchase or otherwise
acquire any shares of capital stock or other equity or voting interest or any
unissued or treasury shares of capital stock of PACIFIC. As of the date hereof
and on the Closing Date, each SHAREHOLDER owns and will own the PACIFIC Shares
free and clear of any liens, claims or encumbrances and has and will have the
right to transfer the PACIFIC Shares without consent of any other person or
entity.
Section
3.3 Subsidiaries
and Equity Investments; Assets.
As of
the date hereof and on the Closing Date, PACIFIC owns and will own 99% of the
equity or voting interests in Tianren. PACIFIC does not and will not directly
or
indirectly, own any other shares of capital stock or any other equity interest
in any entity or any right to acquire any shares or other equity interest in
any
entity and PACIFIC does not and will not have any assets or liabilities. As
of
the date hereof and on Closing Date, Tianren does not and will not directly
or
indirectly, own any shares of capital stock or any other equity interest in
any
entity or any right to acquire any shares or other equity interest in any
entity. As of the date hereof and on the Closing Date, there are and will be
no
outstanding options, warrants, agreements, commitments, conversion rights,
preemptive rights or other rights to subscribe for, purchase or otherwise
acquire any shares of capital stock or other equity or voting interest in
Tianren.
Section
3.4 Authorization
and Validity of Agreements.
PACIFIC
has all corporate power and authority to execute and deliver this Agreement,
to
perform its obligations hereunder and to consummate the transactions
contemplated hereby. The execution and delivery of this Agreement by PACIFIC
and
the consummation of the transactions contemplated hereby have been duly
authorized by all necessary corporate action and no other corporate proceedings
on the part of PACIFIC are necessary to authorize this Agreement or to
consummate the transactions contemplated hereby. The SHAREHOLDERS have approved
this Agreement on behalf of PACIFIC and no other stockholder approvals are
required to consummate the transactions contemplated hereby. Each SHAREHOLDER
who is a natural person is over the age of 21, is competent to execute this
Agreement, and has the power to execute and perform this Agreement. The
execution and delivery of this Agreement by each SHAREHOLDER which is not a
natural person (“Entity Shareholder”) and the consummation of the transactions
contemplated hereby by each Entity Shareholder have been duly authorized by
all
necessary action by the Entity Shareholder and no other proceedings on the
part
of PACIFIC or any SHAREHOLDER are necessary to authorize this Agreement or
to
consummate the transactions contemplated hereby.
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Section
3.5 No
Conflict or Violation.
The
execution, delivery and performance of this Agreement by PACIFIC or any
SHAREHOLDER does not and will not violate or conflict with any provision of
the
constituent documents of PACIFIC, and does not and will not violate any
provision of law, or any order, judgment or decree of any court or other
governmental or regulatory authority, nor violate, result in a breach of or
constitute (with due notice or lapse of time or both) a default under or give
to
any other entity any right of termination, amendment, acceleration or
cancellation of any contract, lease, loan agreement, mortgage, security
agreement, trust indenture or other agreement or instrument to which PACIFIC
or
any SHAREHOLDER is a party or by which it is bound or to which any of its
respective properties or assets is subject, nor result in the creation or
imposition of any lien, charge or encumbrance of any kind whatsoever upon any
of
the properties or assets of PACIFIC or any SHAREHOLDER, nor result in the
cancellation, modification, revocation or suspension of any of the licenses,
franchises, permits to which PACIFIC or any SHAREHOLDER is bound.
Section
3.6 Investment
Representations.
(a) The
SHELL Shares will be acquired hereunder solely for the account of the
SHAREHOLDERS, for investment, and not with a view to the resale or distribution
thereof. Each SHAREHOLDER understands and is able to bear any economic risks
associated with such SHAREHOLDER’S investment in the SHELL Shares. Each
SHAREHOLDER has had full access to all the information such SHAREHOLDER
considers necessary or appropriate to make an informed investment decision
with
respect to the SHELL Shares to be acquired under this Agreement. Each
SHAREHOLDER further has had an opportunity to ask questions and receive answers
from SHELL’s directors regarding SHELL and to obtain additional information (to
the extent SHELL’s directors possessed such information or could acquire it
without unreasonable effort or expense) necessary to verify any information
furnished to such SHAREHOLDER or to which such SHAREHOLDER had access. Each
SHAREHOLDER is at the time of the offer and execution of this Agreement,
domiciled and resident outside the United States (a “PRC
Shareholder”)
and is
an “accredited investor” (as such term is defined in Rule 501(a) of Regulation D
promulgated by the Securities and Exchange Commission under the Securities
Act).
(b)
No
PRC Shareholder, nor any affiliate of any PRC Shareholder, nor any person acting
on behalf of any PRC Shareholder or any behalf of any such affiliate, has
engaged or will engage in any activity undertaken for the purpose of, or that
reasonably could be expected to have the effect of, conditioning the markets
in
the United States for the SHELL Shares, including, but not limited to, effecting
any sale or short sale of securities through any PRC Shareholder or any of
affiliate of any PRC Shareholder prior to the expiration of any restricted
period contained in Regulation S promulgated under the Securities Act (any
such
activity being defined herein as a “Directed
Selling Effort”).
To
the best knowledge of each of the PRC Shareholders, this Agreement and the
transactions contemplated herein are not part of a plan or scheme to evade
the
registration provisions of the Securities Act, and the SHELL Shares are being
acquired for investment purposes by the PRC Shareholders. Each PRC Shareholder
agrees that all offers and sales of SHELL Shares from the date hereof and
through the expiration of the any restricted period set forth in Rule 903 of
Regulation S (as the same may be amended from time to time hereafter) shall
not
be made to U.S. Persons or for the account or benefit of U.S. Persons and shall
otherwise be made in compliance with the provisions of Regulation S and any
other applicable provisions of the Securities Act. Neither any PRC Shareholder
nor the representatives of any PRC Shareholder have conducted any Directed
Selling Effort as that term is used and defined in Rule 902 of Regulation S
and
no PRC Shareholder nor any representative of any PRC Shareholder will engage
in
any such Directed Selling Effort within the United States through the expiration
of any restricted period set forth in Rule 903 of Regulation S.
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Section
3.7 Brokers’
Fees. No
SHAREHOLDER has any liability to pay any fees or commissions or other
consideration to any broker, finder, or agent with respect to the transactions
contemplated by this Agreement.
Section
3.8 Disclosure.
This
Agreement, the schedules hereto and any certificate attached hereto or delivered
in accordance with the terms hereby by or on behalf of PACIFIC or the
SHAREHOLDERS in connection with the transactions contemplated by this Agreement,
when taken together, do not contain any untrue statement of a material fact
or
omit any material fact necessary in order to make the statements contained
herein and/or therein not misleading.
Section
3.9 Survival.
Each of
the representations and warranties set forth in this Article III shall be deemed
represented and made by PACIFIC and the SHAREHOLDERS at the Closing as if made
at such time and shall survive the Closing for a period terminating on the
second anniversary of the date of this Agreement.
ARTICLE
IV
COVENANTS
Section
4.1 Certain
Changes and Conduct of Business.
a. From
and
after the date of this Agreement and until the Closing Date, SHELL shall conduct
its business solely in the ordinary course consistent with past practices and,
in a manner consistent with all representations, warranties or covenants of
SHELL, and without the prior written consent of PACIFIC will not, except as
required or permitted pursuant to the terms hereof:
i. |
make
any material change in the conduct of its businesses and/or operations
or
enter into any transaction other than in the ordinary course of business
consistent with past practices;
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ii. |
make
any change in its Articles of Incorporation or By-laws; issue any
additional shares of capital stock or equity securities or grant any
option, warrant or right to acquire any capital stock or equity securities
or issue any security convertible into or exchangeable for its capital
stock or alter in any material term of any of its outstanding securities
or make any change in its outstanding shares of capital stock or its
capitalization, whether by reason of a reclassification, recapitalization,
stock split or combination, exchange or readjustment of shares, stock
dividend or otherwise;
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iii. | A. | incur, assume or guarantee any indebtedness for borrowed money, issue any notes, bonds, debentures or other corporate securities or grant any option, warrant or right to purchase any thereof, except pursuant to transactions in the ordinary course of business consistent with past practices; or |
B.
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issue
any securities convertible or exchangeable for debt or equity securities
of SHELL;
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iv. |
make
any sale, assignment, transfer, abandonment or other conveyance of
any of
its assets or any part thereof, except pursuant to transactions in
the
ordinary course of business consistent with past
practice;
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v. |
subject
any of its assets, or any part thereof, to any lien or suffer such
to be
imposed other than such liens as may arise in the ordinary course of
business consistent with past practices by operation of law which will
not
have an SHELL Material Adverse Effect;
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vi. |
acquire
any assets, raw materials or properties, or enter into any other
transaction, other than in the ordinary course of business consistent
with
past practices;
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vii. |
enter
into any new (or amend any existing) employee benefit plan, program
or
arrangement or any new (or amend any existing) employment, severance
or
consulting agreement, grant any general increase in the compensation
of
officers or employees (including any such increase pursuant to any
bonus,
pension, profit-sharing or other plan or commitment) or grant any increase
in the compensation payable or to become payable to any employee, except
in accordance with pre-existing contractual provisions or consistent
with
past practices;
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viii. |
make
or commit to make any material capital
expenditures;
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ix. |
pay,
loan or advance any amount to, or sell, transfer or lease any properties
or assets to, or enter into any agreement or arrangement with, any
of its
affiliates;
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x. |
guarantee
any indebtedness for borrowed money or any other obligation of any
other
person;
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xi. |
fail
to keep in full force and effect insurance comparable in amount and
scope
to coverage maintained by it (or on behalf of it) on the date
hereof;
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xii. |
take
any other action that would cause any of the representations and
warranties made by it in this Agreement not to remain true and correct
in
all material aspect;
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xiii. |
make
any material loan, advance or capital contribution to or investment
in any
person;
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xiv. |
make
any material change in any method of accounting or accounting principle,
method, estimate or practice;
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xv. |
settle,
release or forgive any claim or litigation or waive any
right;
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xvi. |
commit
itself to do any of the foregoing.
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b. From
and
after the date of this Agreement, PACIFIC will and PACIFIC will cause Tianren
to:
1. |
continue
to maintain, in all material respects, its properties in accordance
with
present practices in a condition suitable for its current
use;
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2. |
file,
when due or required, federal, state, foreign and other tax returns
and
other reports required to be filed and pay when due all taxes,
assessments, fees and other charges lawfully levied or assessed against
it, unless the validity thereof is contested in good faith and by
appropriate proceedings diligently
conducted;
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3. |
continue
to conduct its business in the ordinary course consistent with past
practices;
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4. |
keep
its books of account, records and files in the ordinary course and
in
accordance with existing practices; and
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5. continue
to maintain existing business relationships with suppliers.
c. From
and
after the date of this Agreement, PACIFIC will not and will ensure that Tianren
does not:
xvii. |
make
any material change in the conduct of its businesses and/or operations
or
enter into any transaction other than in the ordinary course of business
consistent with past practices;
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xviii. |
make
any change in its Business License, Bylaws or other governing documents;
issue any additional shares of capital stock or equity securities or
grant
any option, warrant or right to acquire any capital stock or equity
securities or issue any security convertible into or exchangeable for
its
capital stock or alter in any material term of any of its outstanding
securities or make any change in its outstanding shares of capital
stock
or its capitalization, whether by reason of a reclassification,
recapitalization, stock split or combination, exchange or readjustment
of
shares, stock dividend or otherwise;
|
xix. | A. | incur, assume or guarantee any indebtedness for borrowed money, issue any notes, bonds, debentures or other corporate securities or grant any option, warrant or right to purchase any thereof, except pursuant to transactions in the ordinary course of business consistent with past practices; or |
B.
|
issue
any securities convertible or exchangeable for debt or equity securities
of PACIFIC or Tianren;
|
xx. |
make
any sale, assignment, transfer, abandonment or other conveyance of
any of
its assets or any part thereof, except pursuant to transactions in
the
ordinary course of business consistent with past
practice;
|
xxi. |
subject
any of its assets, or any part thereof, to any lien or suffer such
to be
imposed other than such liens as may arise in the ordinary course of
business consistent with past practices by operation of law which will
not
have an PACIFIC Material Adverse Effect;
|
xxii. |
acquire
any assets, raw materials or properties, or enter into any other
transaction, other than in the ordinary course of business consistent
with
past practices;
|
-
13
-
xxiii. |
enter
into any new (or amend any existing) employee benefit plan, program
or
arrangement or any new (or amend any existing) employment, severance
or
consulting agreement, grant any general increase in the compensation
of
officers or employees (including any such increase pursuant to any
bonus,
pension, profit-sharing or other plan or commitment) or grant any increase
in the compensation payable or to become payable to any employee, except
in accordance with pre-existing contractual provisions or consistent
with
past practices;
|
xxiv. |
make
or commit to make any material capital
expenditures;
|
xxv. |
pay,
loan or advance any amount to, or sell, transfer or lease any properties
or assets to, or enter into any agreement or arrangement with, any
of its
affiliates;
|
xxvi. |
guarantee
any indebtedness for borrowed money or any other obligation of any
other
person;
|
xxvii. |
fail
to keep in full force and effect insurance comparable in amount and
scope
to coverage maintained by it (or on behalf of it) on the date
hereof;
|
xxviii. |
take
any other action that would cause any of the representations and
warranties made by it in this Agreement not to remain true and correct
in
all material aspect;
|
xxix. |
make
any material loan, advance or capital contribution to or investment
in any
person;
|
xxx. |
make
any material change in any method of accounting or accounting principle,
method, estimate or practice;
|
xxxi. |
settle,
release or forgive any claim or litigation or waive any
right;
|
xxxii. |
commit
itself to do any of the foregoing.
|
Section
4.2 Access
to Properties and Records.
PACIFIC
shall afford SHELL’s accountants, counsel and authorized representatives, and
SHELL shall afford to PACIFIC's accountants, counsel and authorized
representatives full access during normal business hours throughout the period
prior to the Closing Date (or the earlier termination of this Agreement) to
all
of such parties’ properties, books, contracts, commitments and records and,
during such period, shall furnish promptly to the requesting party all other
information concerning the other party's business, properties and personnel
as
the requesting party may reasonably request, provided that no investigation
or
receipt of information pursuant to this Section 4.2 shall affect any
representation or warranty of or the conditions to the obligations of any party.
-
14
-
Section
4.3 Negotiations.
From
and after the date hereof until the earlier of the Closing or the termination
of
this Agreement, no party to this Agreement nor its officers or directors
(subject to such director's fiduciary duties) nor anyone acting on behalf of
any
party or other persons shall, directly or indirectly, encourage, solicit, engage
in discussions or negotiations with, or provide any information to, any person,
firm, or other entity or group concerning any merger, sale of substantial
assets, purchase or sale of shares of capital stock or similar transaction
involving any party. A party shall promptly communicate to any other party
any
inquiries or communications concerning any such transaction which they may
receive or of which they may become aware of.
Section
4.4 Consents
and Approvals.
The
parties shall:
i. |
use
their reasonable commercial efforts to obtain all necessary consents,
waivers, authorizations and approvals of all governmental and regulatory
authorities, domestic and foreign, and of all other persons, firms
or
corporations required in connection with the execution, delivery and
performance by them of this Agreement; and
|
ii. |
diligently
assist and cooperate with each party in preparing and filing all documents
required to be submitted by a party to any governmental or regulatory
authority, domestic or foreign, in connection with such transactions
and
in obtaining any governmental consents, waivers, authorizations or
approvals which may be required to be obtained connection in with such
transactions.
|
Section
4.5 Public
Announcement.
Unless
otherwise required by applicable law, the parties hereto shall consult with
each
other before issuing any press release or otherwise making any public statements
with respect to this Agreement and shall not issue any such press release or
make any such public statement prior to such consultation.
Section
4.6 Stock
Issuance.
From
and after the date of this Agreement until the Closing Date, none of SHELL,
PACIFIC nor Tianren shall issue any additional shares of its capital stock.
Section
4.7 Tax
Returns. Within
30
days following the signing of this Agreement, Xxxxx, in his capacity as the
former Chief Executive Officer of the SHELL prior to the consummation of the
transactions contemplated hereunder, will cause all tax returns of the SHELL
for
any and all periods prior to the Closing Date (the “Historical Tax Returns”)
that are not prepared and/or filed as of the date hereof to be prepared and
filed and shall be responsible for any and all expenses and liabilities related
thereto. SHELL will authorize Xxxxx to sign all Historical Tax Returns on behalf
of SHELL.
-
15
-
Section
4.8 Notwithstanding
anything to the contrary contained herein, it is herewith understood and agreed
that both PACIFIC and SHELL may enter into and conclude agreements and/or
financing transactions as same relate to and/or are contemplated by any separate
written agreements either: (a) annexed hereto as exhibits; or (b) entered into
by SHELL with PACIFIC executed by both parties subsequent to the date hereof.
These Agreements shall become, immediately upon execution, part of this
Agreement and subject to all warranties, representations and conditions
contained herein.
ARTICLE
V
CONDITIONS
TO OBLIGATIONS OF PACIFIC AND SHAREHOLDERS
The
obligations of PACIFIC and the SHAREHOLDERS to consummate the transactions
contemplated by this Agreement are subject to the fulfillment, at or before
the
Closing Date, of the following conditions, any one or more of which may be
waived by both PACIFIC and the SHAREHOLDERS in their sole
discretion:
Section
5.1 Representations
and Warranties of SHELL.
All
representations and warranties made by SHELL in this Agreement shall be true
and
correct on and as of the Closing Date as if again made by SHELL as of such
date.
Section
5.2 Agreements
and Covenants.
SHELL
shall have performed and complied in all material respects to all agreements
and
covenants required by this Agreement to be performed or complied with by it
on
or prior to the Closing Date.
Section
5.3 Consents
and Approvals.
Consents, waivers, authorizations and approvals of any governmental or
regulatory authority, domestic or foreign, and of any other person, firm or
corporation, required in connection with the execution, delivery and performance
of this Agreement shall be in full force and effect on the Closing
Date.
Section
5.4 No
Violation of Orders.
No
preliminary or permanent injunction or other order issued by any court or
governmental or regulatory authority, domestic or foreign, nor any statute,
rule, regulation, decree or executive order promulgated or enacted by any
government or governmental or regulatory authority, which declares this
Agreement invalid in any respect or prevents the consummation of the
transactions contemplated hereby, or which materially and adversely affects
the
assets, properties, operations, prospects, net income or financial condition
of
SHELL shall be in effect; and no action or proceeding before any court or
governmental or regulatory authority, domestic or foreign, shall have been
instituted or threatened by any government or governmental or regulatory
authority, domestic or foreign, or by any other person, or entity which seeks
to
prevent or delay the consummation of the transactions contemplated by this
Agreement or which challenges the validity or enforceability of this
Agreement.
Section
5.5 Other
Closing Documents.
PACIFIC
shall have received such other certificates, instruments and documents in
confirmation of the representations and warranties of SHELL or in furtherance
of
the transactions contemplated by this Agreement as PACIFIC or its counsel may
reasonably request.
-
16
-
Section
5.6 Treasury
Shares.
SHELL
shall have canceled all its issued treasury shares.
ARTICLE
VI
CONDITIONS
TO OBLIGATIONS OF SHELL
The
obligations of SHELL to consummate the transactions contemplated by this
Agreement are subject to the fulfillment, at or before the Closing Date, of
the
following conditions, any one or more of which may be waived by SHELL in its
sole discretion:
Section
6.1 Representations
and Warranties of PACIFIC and SHAREHOLDERS.
All
representations and warranties made by PACIFIC and SHAREHOLDERS in this
Agreement shall be true and correct on and as of the Closing Date as if again
made by PACIFIC on and as of such date.
Section
6.2 Agreements
and Covenants.
PACIFIC
and SHAREHOLDERS shall have performed and complied in all material respects
to
all agreements and covenants required by this Agreement to be performed or
complied with by it on or prior to the Closing Date.
Section
6.3 Consents
and Approvals.
All
consents, waivers, authorizations and approvals of any governmental or
regulatory authority, domestic or foreign, and of any other person, firm or
corporation, required in connection with the execution, delivery and performance
of this Agreement, shall have been duly obtained and shall be in full force
and
effect on the Closing Date.
Section
6.4 No
Violation of Orders.
No
preliminary or permanent injunction or other order issued by any court or other
governmental or regulatory authority, domestic or foreign, nor any statute,
rule, regulation, decree or executive order promulgated or enacted by any
government or governmental or regulatory authority, domestic or foreign, that
declares this Agreement invalid or unenforceable in any respect or which
prevents the consummation of the transactions contemplated hereby, or which
materially and adversely affects the assets, properties, operations, prospects,
net income or financial condition of PACIFIC or Tianren, taken as a whole,
shall
be in effect; and no action or proceeding before any court or government or
regulatory authority, domestic or foreign, shall have been instituted or
threatened by any government or governmental or regulatory authority, domestic
or foreign, or by any other person, or entity which seeks to prevent or delay
the consummation of the transactions contemplated by this Agreement or which
challenges the validity or enforceability of this Agreement.
Section
6.5. Other
Closing Documents.
SHELL
shall have received such other certificates, instruments and documents in
confirmation of the representations and warranties of PACIFIC or in furtherance
of the transactions contemplated by this Agreement as SHELL or its counsel
may
reasonably request.
-
17
-
ARTICLE
VII
TERMINATION
AND ABANDONMENT
SECTION
7.1 Methods
of Termination.
This
Agreement may be terminated and the transactions contemplated hereby may be
abandoned at any time before the Closing:
a. By
the
mutual written consent of SHAREHOLDERS, PACIFIC and SHELL;
b. By
SHELL,
upon a material breach of any representation, warranty, covenant or agreement
on
the part of PACIFIC or the SHAREHOLDERS set forth in this Agreement, or if
any
representation or warranty of PACIFIC or the SHAREHOLDERS shall become untrue,
in either case such that any of the conditions set forth in Article VI hereof
would not be satisfied (a "PACIFIC
Breach"),
and
such breach shall, if capable of cure, has not been cured within ten (10) days
after receipt by the party in breach of a notice from the non-breaching party
setting forth in detail the nature of such breach;
c. By
PACIFIC, upon a material breach of any representation, warranty, covenant or
agreement on the part of SHELL set forth in this Agreement, or, if any
representation or warranty of SHELL shall become untrue, in either case such
that any of the conditions set forth in Article V hereof would not be satisfied
(a "SHELL
Breach"),
and
such breach shall, if capable of cure, not have been cured within ten (10)
days
after receipt by the party in breach of a written notice from the non-breaching
party setting forth in detail the nature of such breach;
d. By
either
SHELL or PACIFIC, if the Closing shall not have consummated before ninety (90)
days after the date hereof; provided, however, that this Agreement may be
extended by written notice of either PACIFIC or SHELL, if the Closing shall
not
have been consummated as a result of SHELL or PACIFIC having failed to receive
all required regulatory approvals or consents with respect to this transaction
or as the result of the entering of an order as described in this Agreement;
and
further provided, however, that the right to terminate this Agreement under
this
Section 7.1(d) shall not be available to any party whose failure to fulfill
any
obligations under this Agreement has been the cause of, or resulted in, the
failure of the Closing to occur on or before this date.
e. By
either
PACIFIC or SHELL if a court of competent jurisdiction or governmental,
regulatory or administrative agency or commission shall have issued an order,
decree or ruling or taken any other action (which order, decree or ruling the
parties hereto shall use its best efforts to lift), which permanently restrains,
enjoins or otherwise prohibits the transactions contemplated by this
Agreement.
-
18
-
Section
7.2 Procedure
Upon Termination.
In the
event of termination and abandonment of this Agreement by PACIFIC or SHELL
pursuant to Section 7.1, written notice thereof shall forthwith be given to
the
other parties and this Agreement shall terminate and the transactions
contemplated hereby shall be abandoned, without further action. If this
Agreement is terminated as provided herein, no party to this Agreement shall
have any liability or further obligation to any other party to this Agreement;
provided, however, that no termination of this Agreement pursuant to this
Article VII shall relieve any party of liability for a breach of any provision
of this Agreement occurring before such termination.
ARTICLE
VIII
INDEMNIFICATION
Section
8.1 Indemnification.
Xxxxx
agrees to indemnify, defend and hold PACIFIC, SHELL and their officers,
directors, employees, agents, consultants and assigns harmless from and against
any claims, losses or expenses (including reasonable attorney’s fees) resulting
from or arising out of breach by Xxxxx or SHELL of any of their representations
or warranties under this Agreement.
ARTICLE
IX
MISCELLANEOUS
PROVISIONS
Section
9.1 Survival
of Provisions.
The
respective representations, warranties, covenants and agreements of each of
the
parties to this Agreement (except covenants and agreements which are expressly
required to be performed and are performed in full on or before the Closing
Date) shall survive the Closing Date and the consummation of the transactions
contemplated by this Agreement, subject to Sections 2.14, 3.9 and 9.1. In the
event of a breach of any of such representations, warranties or covenants,
the
party to whom such representations, warranties or covenants have been made
shall
have all rights and remedies for such breach available to it under the
provisions of this Agreement or otherwise, whether at law or in equity,
regardless of any disclosure to, or investigation made by or on behalf of such
party on or before the Closing Date. Notwithstanding the foregoing, each party’s
liability to the other for breach of any representation, warranty or covenant
shall not exceed, in the aggregate, $500,000.
Section
9.2 Publicity.
No
party shall cause the publication of any press release or other announcement
with respect to this Agreement or the transactions contemplated hereby without
the consent of the other parties, unless a press release or announcement is
required by law. If any such announcement or other disclosure is required by
law, the disclosing party agrees to give the non-disclosing parties prior notice
and an opportunity to comment on the proposed disclosure.
-
19
-
Section
9.3 Successors
and Assigns.
This
Agreement shall inure to the benefit of, and be binding upon, the parties hereto
and their respective successors and assigns; provided, however, that no party
shall assign or delegate any of the obligations created under this Agreement
without the prior written consent of the other parties.
Section
9.4 Fees
and Expenses.
Except
as otherwise expressly provided in this Agreement, all legal and other fees,
costs and expenses incurred in connection with this Agreement and the
transactions contemplated hereby shall be paid by the party incurring such
fees,
costs or expenses.
Section
9.5 Notices.
All
notices and other communications given or made pursuant hereto shall be in
writing and shall be deemed to have been given or made if in writing and
delivered personally or sent by registered or certified mail (postage prepaid,
return receipt requested) to the parties at the following addresses:
If
to
PACIFIC or the SHAREHOLDERS, to:
Guzov
Ofsink, LLC
000
Xxxxxxx Xxxxxx, 00xx
Xxxxx
Xxx
Xxxx,
Xxx Xxxx 00000
Attn:
Xxxxxx Xxxxxx, Esq.
Fax:
000-000-0000
If
to
SHELL, to:
Xxxxxx
X.
Emas, Attorney at Law
0000
Xxxxxxxxxx Xxxxxx
Xxxxx
Xxxxx, Xxxxxxx 00000
Fax:
(000) 000-0000
If
to
Xxxxx, to:
000
Xxxxxx Xxxxxx,
Xxxxxx,
XX 00000
Xxxxxx
Street Associates
Email:
xxxxxxx@xxxxxxxxxxxx.xxx
Tel:
000.000.0000 and 000.000.0000
or
to
such other persons or at such other addresses as shall be furnished by any
party
by like notice to the others, and such notice or communication shall be deemed
to have been given or made as of the date so delivered or mailed. No change
in
any of such addresses shall be effective insofar as notices under this Section
9.5 are concerned unless such changed address is located in the United States
of
America and notice of such change shall have been given to such other party
hereto as provided in this Section 9.5
-
20
-
Section
9.6 Entire
Agreement.
This
Agreement, together with the exhibits hereto, represents the entire agreement
and understanding of the parties with reference to the transactions set forth
herein and no representations or warranties have been made in connection with
this Agreement other than those expressly set forth herein or in the exhibits,
certificates and other documents delivered in accordance herewith. This
Agreement supersedes all prior negotiations, discussions, correspondence,
communications, understandings and agreements between the parties relating
to
the subject matter of this Agreement and all prior drafts of this Agreement,
all
of which are merged into this Agreement. No prior drafts of this Agreement
and
no words or phrases from any such prior drafts shall be admissible into evidence
in any action or suit involving this Agreement.
Section
9.7 Severability.
This
Agreement shall be deemed severable, and the invalidity or unenforceability
of
any term or provision hereof shall not affect the validity or enforceability
of
this Agreement or of any other term or provision hereof. Furthermore, in lieu
of
any such invalid or unenforceable term or provision, the parties hereto intend
that there shall be added as a part of this Agreement a provision as similar
in
terms to such invalid or unenforceable provision as may be possible so as to
be
valid and enforceable.
Section
9.8 Titles
and Headings.
The
Article and Section headings contained in this Agreement are solely for
convenience of reference and shall not affect the meaning or interpretation
of
this Agreement or of any term or provision hereof.
Section
9.9 Counterparts. This
Agreement may be executed in two or more counterparts, each of which shall
be
deemed an original and all of which together shall be considered one and the
same agreement.
Section
9.10 Convenience
of Forum; Consent to Jurisdiction.
The
parties to this Agreement, acting for themselves and for their respective
successors and assigns, without regard to domicile, citizenship or residence,
hereby expressly and irrevocably elect as the sole judicial forum for the
adjudication of any matters arising under or in connection with this Agreement,
and consent and subject themselves to the jurisdiction of, the courts of the
State of New York located in County of New York, and/or the United States
District Court for the Southern District of New York, in respect of any matter
arising under this Agreement. Service of process, notices and demands of such
courts may be made upon any party to this Agreement by personal service at
any
place where it may be found or giving notice to such party as provided in
Section 9.5.
Section
9.11 Enforcement
of the Agreement.
The
parties hereto agree that irreparable damage would occur if any of the
provisions of this Agreement were not performed in accordance with their
specific terms or were otherwise breached. It is accordingly agreed that the
parties shall be entitled to an injunction or injunctions to prevent breaches
of
this Agreement and to enforce specifically the terms and provisions hereto,
this
being in addition to any other remedy to which they are entitled at law or
in
equity.
-
21
-
Section
9.12 Governing
Law.
This
Agreement shall be governed by and interpreted and enforced in accordance with
the laws of the State of New York without giving effect to the choice of law
provisions thereof.
Section
9.13 Amendments
and Waivers.
No
amendment of any provision of this Agreement shall be valid unless the same
shall be in writing and signed by all of the parties hereto. No waiver by any
party of any default, misrepresentation, or breach of warranty or covenant
hereunder, whether intentional or not, shall be deemed to extend to any prior
or
subsequent default, misrepresentation, or breach of warranty or covenant
hereunder or affect in any way any rights arising by virtue of any prior or
subsequent such occurrence.
IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date
first above written.
Pacific
Industry Holding Group Co. Ltd.
By:
/s/ Yongke Xue
Name:
Yongke Xue
Title:
Chief Executive Officer
ENTECH
ENVIRONMENTAL TECHNOLOGIES, INC.
By:
/s/ Xxxxxxxx Xxxxx
Name:
Xxxxxxxx Xxxxx
Title:
Chief Executive Officer
XXXXXXXX
XXXXX
By:
/s/ Xxxxxxxx Xxxxx
-
22
-
PACIFIC
SHAREHOLDERS:
FANCYLIGHT
LIMITED
By:
/s/ Li Hong Wei
Name:
Li
Hong Wei
Title:
Director
WINSUM
LIMITED
By:
/s/ An Sixiao
Name:
An
Sixiao
Title:
Director
-
23
-
EXHIBIT
A
Name
of SHAREHOLDER
|
Number
of PACIFIC Shares Being Exchanged
|
Number
of SHELL Shares to be Received
|
Fancylight
Limited
|
80
|
800,000
|
Winsun
Limited
|
20
|
100,000*
|
China
Tianren Organic Food Holding Company Ltd. *
|
100,000*
|
*
Winsun
Limited is entitled to 200,000 shares of SHELL Shares in exchange for 20 shares
it holds in Pacific immediately prior to the consummation of this Agreement.
As
a result of the consummation of the transactions contemplated under this
Agreement, Winsun designates China Tianren Organic Food Holding Company Ltd.
to
receive 100,000 shares of SHELL Shares and Winsun will receive 100,000 SHELL
Shares.
-
24
-
Exhibit
B
Number
of Shares of
|
|
SHELL
Shareholders
|
Common
Stock
|
SHAREHOLDER
DETAIL LIST
ENTECH
ENVIRONMENTAL TECH
As
Of:Wednesday,
February 06, 2008
SHAREHOLDER
|
CERT
#
|
ISSUED
|
CLASS:
|
SERIES:
|
SHARES
|
RESTRICTIONS
|
|
XXXXXX
X. XXXXXXX
|
|||||||
0000
XXXXX XX
|
|||||||
XXX
XXXXXXXXX, XX 00000
|
|||||||
2029
|
5/12/2004
|
COMMON
|
RESTRICTED
|
20,000
|
RESTRICTED
FEDERAL
|
||
2080
|
11/12/2004
|
COMMON
|
RESTRICTED
|
20,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
40,000
|
||||||
XXXXX
XXXXXX
|
|||||||
000
0XX XXX.
|
|||||||
#
00X
|
|||||||
XXX
XXXX, XX 00000
|
|||||||
2161
|
2/14/2007
|
COMMON
|
FREE
|
303,702
|
REMOVE
LEGEND 144
|
||
Total
Active:
|
303,702
|
||||||
XXXXXXX
XXXXXXX, XX.
|
|||||||
0000
XX XXXXXXXXXXX XX.
|
|||||||
XXXX
XX. XXXXX, XX 00000
|
|||||||
1001
|
10/20/1998
|
COMMON
|
FREE
|
1,000
|
ORIGINAL
ISSUE
|
||
Total
Active:
|
1,000
|
||||||
XXXXXXXX
XXXXXXXX
|
|||||||
0000
XX XXXXXXXXXXX XX
|
|||||||
XXXX
XXXXX, XX 00000
|
|||||||
1002
|
10/20/1998
|
COMMON
|
FREE
|
1,000
|
ORIGINAL
ISSUE
|
||
Total
Active:
|
1,000
|
||||||
XXXX
XXXXXXXXXXX
|
|||||||
7469
SVL XXX
|
|||||||
XXXXXXXXXXX,
XX 00000
|
|||||||
2059
|
6/16/2004
|
COMMON
|
RESTRICTED
|
50,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
50,000
|
-
25
-
SHAREHOLDER
|
CERT
#
|
ISSUED
|
CLASS:
|
SERIES:
|
SHARES
|
RESTRICTIONS
|
|
XXXXX
X XXXXXXX
|
|||||||
0000
X XX XXXXXX XX
|
|||||||
XXXXXX,
XX, 00000
|
|||||||
2013
|
4/20/2004
|
COMMON
|
RESTRICTED
|
10,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
10,000
|
||||||
BIRCH
ADVISORS LTD
|
|||||||
XXXXXXX
XXXXXX
|
|||||||
X/X
XXXXXXXX XXXXXXX
|
|||||||
XXX
XXXX, XX 00000
|
|||||||
2122
|
7/18/2005
|
COMMON
|
RESTRICTED
|
400,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
400,000
|
||||||
XXXX
X. XXXXXXX
|
|||||||
0000
000 XXXX
|
|||||||
XXXXXXXX,
XX 00000
|
|||||||
2120
|
6/16/2005
|
COMMON
|
RESTRICTED
|
16,667
|
RESTRICTED
FEDERAL
|
||
2040
|
5/12/2004
|
COMMON
|
RESTRICTED
|
33,333
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
50,000
|
||||||
XXXXXXX
XXXXXXX XXXXXXX
|
|||||||
0000
XXXXXX XXX XXX 0000
|
|||||||
XXXXXXX,
XX 00000
|
|||||||
2039
|
5/12/2004
|
COMMON
|
RESTRICTED
|
33,333
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
33,333
|
||||||
XXXXXXX
X XXXXXXX
|
|||||||
0000
XX XXXXXXXXXXX XX
|
|||||||
XXXX
XX XXXXX, XX 00000
|
|||||||
1004
|
10/20/1998
|
COMMON
|
FREE
|
1,000
|
ORIGINAL
ISSUE
|
||
Total
Active:
|
1,000
|
||||||
XXXX
XXXXXXX
|
|||||||
0000
XX XXXXXXXXXXX XX
|
|||||||
XXXX
XX XXXXX, XX 00000
|
|||||||
1005
|
10/20/1998
|
COMMON
|
FREE
|
1,000
|
ORIGINAL
ISSUE
|
||
Total
Active:
|
1,000
|
-
26
-
SHAREHOLDER
|
CERT
#
|
ISSUED
|
CLASS:
|
SERIES:
|
SHARES
|
RESTRICTIONS
|
|
CEDE
& CO.
|
|||||||
X.X.XXX
000, ,XXXXXXX XXXXX XXXXXXX
|
|||||||
XXX
XXXX, XX 00000
|
|||||||
2072
|
7/2/2004
|
COMMON
|
FREE
|
1,000
|
ORIGINAL
ISSUE
|
||
2142
|
3/8/2006
|
COMMON
|
FREE
|
250,000
|
ORIGINAL
ISSUE
|
||
1059
|
2/27/2004
|
COMMON
|
FREE
|
16,000
|
ORIGINAL
ISSUE
|
||
1061
|
3/19/2004
|
COMMON
|
FREE
|
216,000
|
ORIGINAL
ISSUE
|
||
2138
|
11/17/2005
|
COMMON
|
FREE
|
30,000
|
REMOVE
LEGEND 144
|
||
2135
|
11/9/2005
|
COMMON
|
FREE
|
60,000
|
REMOVE
LEGEND 144
|
||
2003
|
4/1/2004
|
COMMON
|
FREE
|
11,000
|
ORIGINAL
ISSUE
|
||
2025
|
5/4/2004
|
COMMON
|
FREE
|
500
|
ORIGINAL
ISSUE
|
||
2005
|
4/8/2004
|
COMMON
|
FREE
|
3,500
|
ORIGINAL
ISSUE
|
||
2058
|
6/3/2004
|
COMMON
|
RESTRICTED
|
1,000
|
RESTRICTED
FEDERAL
|
||
2075
|
8/17/2004
|
COMMON
|
FREE
|
1,000
|
ORIGINAL
ISSUE
|
||
2023
|
4/28/2004
|
COMMON
|
FREE
|
300
|
ORIGINAL
ISSUE
|
||
2024
|
4/28/2004
|
COMMON
|
FREE
|
3,200
|
ORIGINAL
ISSUE
|
||
2144
|
3/22/2006
|
COMMON
|
FREE
|
1,000,000
|
ORIGINAL
ISSUE
|
||
2077
|
9/2/2004
|
COMMON
|
FREE
|
1,000
|
ORIGINAL
ISSUE
|
||
2068
|
6/24/2004
|
COMMON
|
FREE
|
1,000
|
|
ORIGINAL
ISSUE
|
|
2154
|
1/9/2007
|
COMMON
|
FREE
|
397,263
|
ORIGINAL
ISSUE
|
||
2168
|
6/28/2007
|
COMMON
|
FREE
|
375,000
|
ORIGINAL
ISSUE
|
||
1058
|
2/23/2004
|
COMMON
|
FREE
|
45,000
|
ORIGINAL
ISSUE
|
||
2006
|
4/9/2004
|
COMMON
|
FREE
|
500
|
ORIGINAL
ISSUE
|
||
2170
|
7/10/2007
|
COMMON
|
FREE
|
935,632
|
ORIGINAL
ISSUE
|
||
2165
|
4/30/2007
|
COMMON
|
FREE
|
650,000
|
REMOVE
LEGEND 144
|
||
2158
|
1/30/2007
|
COMMON
|
FREE
|
1,750,000
|
ORIGINAL
ISSUE
|
||
2169
|
7/5/2007
|
COMMON
|
FREE
|
875,000
|
ORIGINAL
ISSUE
|
||
2182
|
8/31/2007
|
COMMON
|
FREE
|
157,500
|
ORIGINAL
ISSUE
|
||
2183
|
9/4/2007
|
COMMON
|
FREE
|
60,000
|
ORIGINAL
ISSUE
|
||
2150
|
5/22/2006
|
COMMON
|
FREE
|
75,000
|
ORIGINAL
ISSUE
|
||
2185
|
12/13/2007
|
COMMON
|
FREE
|
553,874
|
REMOVE
LEGEND 144
|
||
2190
|
1/22/2008
|
COMMON
|
FREE
|
20,000
|
ORIGINAL
ISSUE
|
||
2189
|
1/8/2008
|
COMMON
|
FREE
|
375,000
|
ORIGINAL
ISSUE
|
||
2174
|
8/14/2007
|
COMMON
|
FREE
|
1,000,000
|
ORIGINAL
ISSUE
|
||
Total
Active:
|
8,865,269
|
||||||
THE
CHRISTIE FAMILY TRUST
|
|||||||
7260
SVC XXX
|
|||||||
XXXXXXXXXXX,
XX 00000
|
|||||||
2030
|
5/12/2004
|
COMMON
|
RESTRICTED
|
10,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
10,000
|
-
27
-
SHAREHOLDER
|
CERT
#
|
ISSUED
|
CLASS:
|
SERIES:
|
SHARES
|
RESTRICTIONS
|
|
XXXXX
X. XXXXXX
|
|||||||
2101
|
12/13/2004
|
COMMON
|
RESTRICTED
|
43,750
|
RESTRICTED
FEDERAL
|
||
2067
|
6/18/2004
|
COMMON
|
RESTRICTED
|
200,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
243,750
|
||||||
XXXXXX
X. XXXXXXXX
|
|||||||
00000
XXXXXXXXX XX
|
|||||||
XXXXXX
XXXXXX, XX 00000
|
|||||||
2164
|
4/13/2007
|
COMMON
|
FREE
|
3,750,000
|
REMOVE
LEGEND 144
|
||
2163
|
4/13/2007
|
COMMON
|
FREE
|
1,833,333
|
REMOVE
LEGEND 144
|
||
Total
Active:
|
5,583,333
|
||||||
CITIGROUP
GLOBAL MKTS,INC.C/F XXXXX
|
|||||||
000
XXXXXXXX XXX
|
|||||||
XXXXXX
XXXX, XX 00000
|
|||||||
2127
|
10/27/2005
|
COMMON
|
RESTRICTED
|
923,122
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
923,122
|
||||||
XXXX
XXXXX
|
|||||||
2102
|
12/13/2004
|
COMMON
|
RESTRICTED
|
413,333
|
RESTRICTED
FEDERAL
|
||
2181
|
8/31/2007
|
COMMON
|
RESTRICTED
|
800,000
|
REG-S
|
||
Total
Active:
|
1,213,333
|
||||||
XXXXX
XXXXX
|
|||||||
000
XXXXXXXXXX XX XXX 0000
|
|||||||
XXX
XXXXXXXXX, XX 00000
|
|||||||
2061
|
6/16/2004
|
COMMON
|
RESTRICTED
|
50,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
50,000
|
||||||
XXXXXX
X. XXXX
|
|||||||
00000
XXXXX XXXX XX
|
|||||||
XXXXXXXXXX,
XX 00000
|
|||||||
2062
|
6/16/2004
|
COMMON
|
RESTRICTED
|
12,500
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
12,500
|
-
28
-
SHAREHOLDER
|
CERT
#
|
ISSUED
|
CLASS:
|
SERIES:
|
SHARES
|
RESTRICTIONS
|
|
XXXXXX
XXXXXX
|
|||||||
000
XXXX 00XX XX XXX 00X
|
|||||||
XX,
XX 00000
|
|||||||
2107
|
12/13/2004
|
COMMON
|
RESTRICTED
|
72,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
72,000
|
||||||
FOUR
BY FOUR CONSTRUCTION INC.
|
|||||||
0000
XXXXXX XXXXX XX
|
|||||||
XXX
000
|
|||||||
XX
XXXXX, XX 00000
|
|||||||
2071
|
7/2/2004
|
COMMON
|
RESTRICTED
|
35,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
35,000
|
||||||
XXXXXXX
X XXXXXX
|
|||||||
0000
XXXXXXXX XXXXXX X000
|
|||||||
XXXXXXXX,
XX 00000
|
|||||||
2146
|
4/5/2006
|
COMMON
|
RESTRICTED
|
150,000
|
RESTRICTED
FEDERAL
|
||
2069
|
6/28/2004
|
COMMON
|
RESTRICTED
|
250,000
|
RESTRICTED
FEDERAL
|
||
2151
|
8/28/2006
|
COMMON
|
RESTRICTED
|
150,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
550,000
|
||||||
GUERRILLA
PARTNERS LP
|
|||||||
X/X
XXXXX XXXXX
|
|||||||
000
XXXX XXX 0XX XX
|
|||||||
XX,
XX 00000
|
|||||||
2097
|
12/13/2004
|
COMMON
|
RESTRICTED
|
33,334
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
33,334
|
||||||
XXXXXXXXX
XXXXXXXXXXX
|
|||||||
0
XXXXXXXX XX
|
|||||||
XXXXXXXXXX,
XX 00000
|
|||||||
1013
|
10/20/1998
|
COMMON
|
FREE
|
1,000
|
ORIGINAL
ISSUE
|
||
Total
Active:
|
1,000
|
||||||
XXXX
X. XXXXXXXXXXX
|
|||||||
0
XXXXXXXX XX
|
|||||||
XXXXXXXXXX,
XX 00000
|
|||||||
1014
|
10/20/1998
|
COMMON
|
FREE
|
1,000
|
ORIGINAL
ISSUE
|
||
Total
Active:
|
1,000
|
-
29
-
SHAREHOLDER
|
CERT
#
|
ISSUED
|
CLASS:
|
SERIES:
|
SHARES
|
RESTRICTIONS
|
|
HAYDEN
COMMUNICATIONS INC
|
|||||||
0000
XXXXXX XX
|
|||||||
XXXXX
XXXXXX, XX 00000
|
|||||||
2145
|
4/5/2006
|
COMMON
|
RESTRICTED
|
100,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
100,000
|
||||||
THIH
HTWAR
|
|||||||
0000
XXXXXXXXXX XXX
|
|||||||
XXXXXXXXXX,
XX 00000
|
|||||||
2018
|
4/20/2004
|
COMMON
|
RESTRICTED
|
5,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
5,000
|
||||||
YE
LIN HTWAR
|
|||||||
0000
XXXXXXX XXXX
|
|||||||
XXXXXXXXXX,
XX 00000
|
|||||||
2015
|
4/20/2004
|
COMMON
|
RESTRICTED
|
5,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
5,000
|
||||||
XXXX
XXXXXXXXXX
|
|||||||
00
XX XXXX'X XX
|
|||||||
XXXXXXX
XXXXXXX, XXX XX00XX
|
|||||||
1016
|
10/20/1998
|
COMMON
|
FREE
|
1,000
|
ORIGINAL
ISSUE
|
||
Total
Active:
|
1,000
|
||||||
XXXXXX
XXXXXXXXXX
|
|||||||
00
XX XXXX'X XX
|
|||||||
XXXXXXX
XXXXXXX, XXX XX00XX
|
|||||||
1017
|
10/20/1998
|
COMMON
|
FREE
|
1,000
|
ORIGINAL
ISSUE
|
||
Total
Active:
|
1,000
|
||||||
IPOLIS
COMMERCIAL LIMITED
|
|||||||
XX
XXX 0000
|
|||||||
0000
XXXXXX
|
|||||||
0000
|
10/27/2005
|
COMMON
|
RESTRICTED
|
496,220
|
RESTRICTED
FEDERAL
|
||
2038
|
5/12/2004
|
COMMON
|
RESTRICTED
|
66,665
|
RESTRICTED
FEDERAL
|
||
2126
|
10/27/2005
|
COMMON
|
RESTRICTED
|
119,178
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
682,063
|
-
30
-
SHAREHOLDER
|
CERT
#
|
ISSUED
|
CLASS:
|
SERIES:
|
SHARES
|
RESTRICTIONS
|
|
XXXX
XXXXX
|
|||||||
00
X. 00XX XXXXXX
|
|||||||
#0X
|
|||||||
XXX
XXXX, XX 00000
|
|||||||
2160
|
2/14/2007
|
COMMON
|
FREE
|
633,074
|
REMOVE
LEGEND 144
|
||
Total
Active:
|
633,074
|
||||||
XXX
XXXXXXX
|
|||||||
0000
0 XXX XX
|
|||||||
XXXXXXXXX,
XX 00000
|
|||||||
2064
|
6/16/2004
|
COMMON
|
RESTRICTED
|
50,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
50,000
|
||||||
XXXXXX
XXXX
|
|||||||
0000
XXXXX XXXXXX XXX XXX # 00
|
|||||||
XXXXXXXX,
XX 00000
|
|||||||
1018
|
10/20/1998
|
COMMON
|
FREE
|
1,000
|
ORIGINAL
ISSUE
|
||
Total
Active:
|
1,000
|
||||||
THE
VANGUARD GROUP FOR THE
|
|||||||
0000
XXXXXXXXX XX
|
|||||||
XXXXXXXXX
XXX, XX 00000
|
|||||||
2027
|
5/11/2004
|
COMMON
|
RESTRICTED
|
10,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
10,000
|
||||||
XXXXXXX
X. XXXXX
|
|||||||
000
XXXXXX XX
|
|||||||
XXXXXX,
XX 00000
|
|||||||
2112
|
12/13/2004
|
COMMON
|
RESTRICTED
|
950,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
950,000
|
||||||
XXXXXXX
X. XXXXX XX
|
|||||||
2042
|
5/12/2004
|
COMMON
|
RESTRICTED
|
70,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
70,000
|
-
31
-
SHAREHOLDER
|
CERT
#
|
ISSUED
|
CLASS:
|
SERIES:
|
SHARES
|
RESTRICTIONS
|
|
XXXXXX
XXXXX
|
|||||||
00000
XXX XXXXXX XX
|
|||||||
XXXXXXXXX,
XX 00000
|
|||||||
2091
|
11/12/2004
|
COMMON
|
RESTRICTED
|
6,250
|
RESTRICTED
FEDERAL
|
||
2028
|
5/12/2004
|
COMMON
|
RESTRICTED
|
12,500
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
18,750
|
||||||
G.
XXXXXX XXXXXXXXX, XXX ROLLOVER
|
|||||||
00
XXXXXX XX
|
|||||||
XXXXXX,
XX 00000
|
|||||||
2017
|
4/20/2004
|
COMMON
|
RESTRICTED
|
10,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
10,000
|
||||||
E*TRADE
CLEARING LLC FBO XXXXXXXX
|
|||||||
00
XXXXX XX 00 XX
|
|||||||
XXX
XXXX, XX 00000
|
|||||||
2152
|
9/19/2006
|
COMMON
|
RESTRICTED
|
10,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
10,000
|
||||||
MARVIEW
HOLDINGS INC.
|
|||||||
000
X XXXX XXX
|
|||||||
XXXXXX
XXXXX, XX 00000
|
|||||||
2081
|
11/12/2004
|
COMMON
|
RESTRICTED
|
25,000
|
RESTRICTED
FEDERAL
|
||
2032
|
5/12/2004
|
COMMON
|
RESTRICTED
|
25,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
50,000
|
||||||
G
XXXXXX XXXXXXXX
|
|||||||
00
XXXXXXX XX
|
|||||||
XXXXXXXX,
XX 00000
|
|||||||
2082
|
11/12/2004
|
COMMON
|
RESTRICTED
|
10,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
10,000
|
||||||
JUNE
X. XXXXXXXX
|
|||||||
00
XXXXXXX XX
|
|||||||
XXXXXXXX,
XX 00000
|
|||||||
2083
|
11/12/2004
|
COMMON
|
RESTRICTED
|
10,000
|
RESTRICTED
FEDERAL
|
||
2056
|
5/26/2004
|
COMMON
|
RESTRICTED
|
10,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
20,000
|
-
32
-
SHAREHOLDER
|
CERT
#
|
ISSUED
|
CLASS:
|
SERIES:
|
SHARES
|
RESTRICTIONS
|
|
MEADOWBROOK
OPPORTUNITY FUND
|
|||||||
000
XXXX XXXX XX XXX 000
|
|||||||
XXXXXXXXX,
XX 00000
|
|||||||
2051
|
5/12/2004
|
COMMON
|
RESTRICTED
|
200,000
|
RESTRICTED
FEDERAL
|
||
2099
|
12/13/2004
|
COMMON
|
RESTRICTED
|
100,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
300,000
|
||||||
XXX
XXXXXX
|
|||||||
0000
XXXXXX XXX
|
|||||||
XXXXXXXX,
XX 00000
|
|||||||
2065
|
6/16/2004
|
COMMON
|
RESTRICTED
|
100,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
100,000
|
||||||
XXXXXX
X. & XXXXX X. XXXX CO TTEE
|
|||||||
2177
|
8/17/2007
|
COMMON
|
FREE
|
500,000
|
REMOVE
LEGEND 144
|
||
2178
|
8/17/2007
|
COMMON
|
FREE
|
910,000
|
REMOVE
LEGEND 144
|
||
Total
Active:
|
1,410,000
|
||||||
XXX
XXXXXXXX
|
|||||||
000
XXXXX XXXXXXX #00
|
|||||||
XXXXXXXX,
XX 00000
|
|||||||
1020
|
10/20/1998
|
COMMON
|
FREE
|
1,000
|
ORIGINAL
ISSUE
|
||
Total
Active:
|
1,000
|
||||||
CITIGROUP
CGM XXXXX X XXXXXXXXX
|
|||||||
XX
XXX 0000
|
|||||||
XXXXXX
XXXXX XX, XX 00000
|
|||||||
2092
|
11/12/2004
|
COMMON
|
RESTRICTED
|
50,000
|
RESTRICTED
FEDERAL
|
||
2131
|
10/27/2005
|
COMMON
|
RESTRICTED
|
246,612
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
296,612
|
||||||
XXXXX
X. XXXXXXXXX 2003 REVOCABLE
|
|||||||
XX
XXX 0000
|
|||||||
XXXXXX
XXXXX XX, XX 00000
|
|||||||
2043
|
5/12/2004
|
COMMON
|
RESTRICTED
|
100,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
100,000
|
-
33
-
SHAREHOLDER
|
CERT
#
|
ISSUED
|
CLASS:
|
SERIES:
|
SHARES
|
RESTRICTIONS
|
|
XXXX
X XXXXXXX
|
|||||||
00
XXXXX XXXX
|
|||||||
XXXXXXXXXX,
XX 00000
|
|||||||
2116
|
1/6/2005
|
COMMON
|
RESTRICTED
|
75,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
75,000
|
||||||
XXXXXXX
XXXXXXX
|
|||||||
00000
XXXXXXXXX XXXXX
|
|||||||
XXXX
XXXXX, XX 00000
|
|||||||
2130
|
10/27/2005
|
COMMON
|
RESTRICTED
|
600,009
|
RESTRICTED
FEDERAL
|
||
2055
|
5/26/2004
|
COMMON
|
RESTRICTED
|
65,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
665,009
|
||||||
XXXX
XXXXXXXX
|
|||||||
0000
XXXXXXX XX
|
|||||||
XXXXX
XXXXX, XX 00000
|
|||||||
2191
|
2/6/2008
|
COMMON
|
RESTRICTED
|
2,483,524
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
2,483,524
|
||||||
ODYSSEY
TRANSPORTATION , INC
|
|||||||
2054
|
5/26/2004
|
COMMON
|
RESTRICTED
|
37,500
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
37,500
|
||||||
XXXXX
X. XXXX
|
|||||||
0000
XXXX XXXXX XXXX
|
|||||||
XX
XXXX, XX 00000
|
|||||||
2084
|
11/12/2004
|
COMMON
|
RESTRICTED
|
10,000
|
RESTRICTED
FEDERAL
|
||
2033
|
5/12/2004
|
COMMON
|
RESTRICTED
|
10,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
20,000
|
||||||
XXXX
XXXXXX
|
|||||||
0000
XXXXXXXX XXX
|
|||||||
XXXXXX,
XX 00000
|
|||||||
2093
|
11/12/2004
|
COMMON
|
RESTRICTED
|
37,500
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
37,500
|
-
34
-
SHAREHOLDER
|
CERT
#
|
ISSUED
|
CLASS:
|
SERIES:
|
SHARES
|
RESTRICTIONS
|
|
XXXX
XXXXX
|
|||||||
0000
XXXXXX XXX
|
|||||||
XXXXXXXXX,
XX 00000
|
|||||||
2014
|
4/20/2004
|
COMMON
|
RESTRICTED
|
10,000
|
RESTRICTED
FEDERAL
|
||
2085
|
11/12/2004
|
COMMON
|
RESTRICTED
|
10,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
20,000
|
||||||
XXXXXXX
X. XXXXXX
|
|||||||
2147
|
5/11/2006
|
COMMON
|
FREE
|
323,808
|
REMOVE
LEGEND 144
|
||
2103
|
12/13/2004
|
COMMON
|
RESTRICTED
|
513,265
|
RESTRICTED
FEDERAL
|
||
2148
|
5/11/2006
|
COMMON
|
RESTRICTED
|
916,192
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
1,753,265
|
||||||
XXXXX
X. XXXX
|
|||||||
0
XXXX 00XX
|
|||||||
XXX
XXXX, XX 00000
|
|||||||
2129
|
10/27/2005
|
COMMON
|
RESTRICTED
|
600,029
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
600,029
|
||||||
THE
XXXXX X XXXX REVOCABLE TR U/A
|
|||||||
0
XXXX 00 XX XXX 00
|
|||||||
XXX
XXXX, XX 00000-0000
|
|||||||
2070
|
7/2/2004
|
COMMON
|
RESTRICTED
|
65,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
65,000
|
||||||
RBSM
ADVISORS LLC
|
|||||||
0000
XXXXXXX XXXX
|
|||||||
XXXXX000
|
|||||||
XXXXXX,
XX 00000
|
|||||||
2188
|
12/27/2007
|
COMMON
|
RESTRICTED
|
45,500
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
45,500
|
||||||
NATIONAL
INVESTOR SERVICES CORP
|
|||||||
000
X XXXX XX, XXX 0000
|
|||||||
XXXXXXXXX,
XX 00000
|
|||||||
2052
|
5/14/2004
|
COMMON
|
RESTRICTED
|
30,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
30,000
|
-
35
-
SHAREHOLDER
|
CERT
#
|
ISSUED
|
CLASS:
|
SERIES:
|
SHARES
|
RESTRICTIONS
|
|
XXXXXX
X. XXXXXXXX
|
|||||||
000
XXXXXX XXX XXX 0000
|
|||||||
XXXXXXX,
XX 00000
|
|||||||
2139
|
12/15/2005
|
COMMON
|
RESTRICTED
|
625,000
|
RESTRICTED
FEDERAL
|
||
2140
|
12/15/2005
|
COMMON
|
RESTRICTED
|
225,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
850,000
|
||||||
XXXXXXX
X. XXXXXXXX
|
|||||||
0000
XXX XXXXXX 000
|
|||||||
XXXXXXX,
XX 00000
|
|||||||
2046
|
5/12/2004
|
COMMON
|
RESTRICTED
|
16,667
|
RESTRICTED
FEDERAL
|
||
2094
|
11/12/2004
|
COMMON
|
RESTRICTED
|
8,334
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
25,001
|
||||||
XXXXXX
X XXXXXXXXX
|
|||||||
000
X. XXXXXX XX
|
|||||||
XXX
XXXXX, XX 00000
|
|||||||
2186
|
12/20/2007
|
COMMON
|
RESTRICTED
|
300,000
|
RESTRICTED
FEDERAL
|
||
2172
|
8/6/2007
|
COMMON
|
RESTRICTED
|
1,200,000
|
REG-S
|
||
Total
Active:
|
1,500,000
|
||||||
XXXXXXX
XXXXXXX
|
|||||||
000
XXXXXXX XX XXX 000
|
|||||||
XXX
XXXXX, XX 00000
|
|||||||
2066
|
6/16/2004
|
COMMON
|
RESTRICTED
|
20,000
|
RESTRICTED
FEDERAL
|
||
2034
|
5/12/2004
|
COMMON
|
RESTRICTED
|
110,000
|
RESTRICTED
FEDERAL
|
||
2086
|
11/12/2004
|
COMMON
|
RESTRICTED
|
130,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
260,000
|
||||||
XXXX
X. XXXXXXXXXX
|
|||||||
00000
XXXXXXXXX XX XX
|
|||||||
XXXXXXX,
XX 00000
|
|||||||
2087
|
11/12/2004
|
COMMON
|
RESTRICTED
|
10,000
|
RESTRICTED
FEDERAL
|
||
2035
|
5/12/2004
|
COMMON
|
RESTRICTED
|
10,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
20,000
|
-
36
-
SHAREHOLDER
|
CERT
#
|
ISSUED
|
CLASS:
|
SERIES:
|
SHARES
|
RESTRICTIONS
|
|
XXXXX
XXXXX
|
|||||||
000
XXXX XXX 0 XX
|
|||||||
XXX
XXXX, XX 00000
|
|||||||
2047
|
5/12/2004
|
COMMON
|
RESTRICTED
|
66,667
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
66,667
|
||||||
XXXXX
XXXXXX
|
|||||||
2074
|
7/9/2004
|
COMMON
|
RESTRICTED
|
10,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
10,000
|
||||||
XXXXXX
X. ST. CLAIR
|
|||||||
2104
|
12/13/2004
|
COMMON
|
RESTRICTED
|
33,869
|
RESTRICTED
FEDERAL
|
||
2026
|
5/10/2004
|
COMMON
|
RESTRICTED
|
40,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
73,869
|
||||||
XXXXXXX
XXXXXXX
|
|||||||
2105
|
12/13/2004
|
COMMON
|
RESTRICTED
|
47,500
|
RESTRICTED
FEDERAL
|
||
1043
|
1/26/2004
|
COMMON
|
RESTRICTED
|
250,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
297,500
|
||||||
XXXXXXXX
X. XXXXXXXX
|
|||||||
0000
XX XXXXXX XXXX
|
|||||||
XXXX
XX. XXXXX, XX 00000
|
|||||||
1021
|
10/20/1998
|
COMMON
|
FREE
|
1,000
|
ORIGINAL
ISSUE
|
||
Total
Active:
|
1,000
|
||||||
XXXXXXX
X. XXXXXXXX
|
|||||||
1022
|
10/20/1998
|
COMMON
|
FREE
|
1,000
|
ORIGINAL
ISSUE
|
||
Total
Active:
|
1,000
|
-
37
-
SHAREHOLDER
|
CERT
#
|
ISSUED
|
CLASS:
|
SERIES:
|
SHARES
|
RESTRICTIONS
|
|
XXXXX
XXXXXX
|
|||||||
XX
XXX 00000
|
|||||||
XXXXXX,
XX 00000
|
|||||||
2088
|
11/12/2004
|
COMMON
|
RESTRICTED
|
37,500
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
37,500
|
||||||
XXXXX
XXXX
|
|||||||
00000
XXXXXX XX
|
|||||||
XXXX
XXXXXX, XX 00000
|
|||||||
2132
|
10/27/2005
|
COMMON
|
RESTRICTED
|
153,708
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
153,708
|
||||||
XXXXX
& XXXXX XXXX
|
|||||||
00000
XXXXXX XX
|
|||||||
XXXX
XXXXX, XX 00000
|
|||||||
2048
|
5/12/2004
|
COMMON
|
RESTRICTED
|
16,667
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
16,667
|
||||||
XXXXX
XXXX
|
|||||||
00000
XXXXXX XX
|
|||||||
XXXX
XXXXX, XX 00000
|
|||||||
2095
|
11/12/2004
|
COMMON
|
RESTRICTED
|
8,334
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
8,334
|
||||||
XXXXXXX
XXXXXXX
|
|||||||
00000
XXXXXXX XXXX XX
|
|||||||
XXXX
XXXXX, XX 00000
|
|||||||
1026
|
10/20/1998
|
COMMON
|
FREE
|
1,000
|
ORIGINAL
ISSUE
|
||
Total
Active:
|
1,000
|
||||||
XXXXX
XXXXXXX
|
|||||||
1027
|
10/20/1998
|
COMMON
|
FREE
|
1,000
|
ORIGINAL
ISSUE
|
||
Total
Active:
|
1,000
|
-
38
-
SHAREHOLDER
|
CERT
#
|
ISSUED
|
CLASS:
|
SERIES:
|
SHARES
|
RESTRICTIONS
|
|
XXXXX
XXXXX
|
|||||||
0000
XX XXX 00
|
|||||||
XXXXXXXX,
XX 00000
|
|||||||
2089
|
11/12/2004
|
COMMON
|
RESTRICTED
|
20,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
20,000
|
||||||
XXXXX
X. XXXXX
|
|||||||
000
X 0
|
|||||||
XXXXXXXX,
XX 00000
|
|||||||
2036
|
5/12/2004
|
COMMON
|
RESTRICTED
|
20,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
20,000
|
||||||
WINDSTONE
CAPITAL
|
|||||||
X/X
XXXXXX XXXXX
|
|||||||
0000
XXXXXXX XX
|
|||||||
XXXXXXXX,
XX 00000
|
|||||||
2184
|
9/17/2007
|
COMMON
|
FREE
|
189,000
|
REMOVE
LEGEND 144
|
||
Total
Active:
|
189,000
|
||||||
XXXXXXX
X XXXX
|
|||||||
0000
X. XXXXXXXXX XX
|
|||||||
XXXXXXX,
XX 00000
|
|||||||
2113
|
12/17/2004
|
COMMON
|
RESTRICTED
|
160,000
|
RESTRICTED
FEDERAL
|
||
Total
Active:
|
160,000
|
||||||
XXXXX
XXXXXX
|
|||||||
000
XXXX XXX. XXXXX
|
|||||||
#0X
|
|||||||
XXX
XXXX, XX 00000
|
|||||||
2162
|
2/14/2007
|
COMMON
|
FREE
|
212,592
|
REMOVE
LEGEND 144
|
||
Total
Active:
|
212,592
|
-
39
-
SHAREHOLDER
|
CERT
#
|
ISSUED
|
CLASS:
|
SERIES:
|
SHARES
|
RESTRICTIONS
|
|
Preffered:
|
Certificates:
|
0
|
|||||
Shares:
|
0
|
||||||
Warrant:
|
Certificates:
|
0
|
|||||
Shares:
|
0
|
||||||
Options:
|
Certificates:
|
0
|
|||||
Shares:
|
0
|
||||||
Common
Free Trading:
|
Certificates:
|
53
|
|||||
Shares:
|
17,533,778
|
||||||
Common
Restricted:
|
Certificates:
|
88
|
Report
Prepared by
|
||||
Shares:
|
15,542,562
|
XXXXXXXX
STOCK TRANSFER, INC
|
|||||
0000
X 00xx Xxxxx
|
|||||||
Active
Total:
|
Certificates:
|
141
|
Xxxxxxxxxx,
XX 00000
|
||||
tel
[480] 000-0000 fax [480]
|
|||||||
Shares:
|
33,076,000
|
000-0000
|
Post-February
6:
|
|
Cancelled:
|
|
100,000
additional shares cancelled in the name of Xxxx Xxxxxxxx.
|
|
Issued:
|
|
Xxxxxx
Xxxx
|
19,414,634
|
Xxxxxx
X. Emas
|
12,195,122
|
Xxxxxx
Street Associates
|
12,195,122
|
Xxxx
Xxxxxxxx
|
10,500,000
|
Total:
|
87,281,218
|
-
40
-
Schedule
211
Year
end
|
Entech
|
XX
Xxxxx
|
Env
Tech
|
||||||
Fed
|
CA
|
FL
|
Fed
|
CA
|
Fed
|
CA
|
|||
December
31, 0000
|
X/X
|
X/X
|
X/X
|
X/X
|
X/X
|
P
|
N/A
|
||
December
31, 0000
|
X
|
X/X
|
X
|
X/X
|
X/X
|
P
|
N/A
|
||
December
31, 2003
|
F
|
N/A
|
F
|
P
|
F
|
P
|
N/A
|
||
September
30, 2004
|
P
|
N/A
|
F
|
P
|
F
|
P
|
N/A
|
||
September
30, 2005
|
P
|
F
|
P
|
P
|
F
|
P
|
P
|
||
September
30, 2006
|
P
|
P
|
P
|
P
|
P
|
P
|
P
|
||
September
30, 2007
|
U
|
U
|
U
|
U
|
U
|
U
|
U
|
||
F
= Filed
|
|||||||||
P
= Prepared not filed
|
|||||||||
N/A
= not required
|
|||||||||
U
=
not yet prepared
|
-
41
-
Schedule
2.15
WARRANTS
FOR FOX & COMPANY, INC. On January 23, 2004, the Company issued 475,375 five
year warrants to purchase shares of common stock to Fox & Company, Inc., the
broker who arranged the investment by Xxxxxx Partners LP. The exercise price
is
$1.10. The Warrants have "piggy-back" registration rights.
-
42
-