UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Option to purchase Common Stock, $0.00001 par value | Â (1) | Â (1) | Common Stock, $0.00001 par value | 40,000,000 | $ (2) | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Ventrillion Management Co Ltd OLIAJI TRADE CENTRE 1ST FLOOR VICTORIA MAHE, T2 |
 |  X |  |  |
/s/ Lee Bok Leong, Director, on behalf of Ventrillion Management Company Ltd | 12/14/2012 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Pursuant to the Stock Purchase Agreement dated December 5, 2012 made between the Issuer and the Reporting Person (the "Purchase Agreement"), the Reporting Person was issued an option to purchase 40,000,000 shares of Common Stock of the Issuer at an exercise price of $0.00001 per share (the "Option"), which will become exercisable if stockholders' approval of a reverse split of the Common Shares of the Issuer is not obtained by the date falling on the six-month anniversary date of the Purchase Agreement, which, if it is not a business day, shall be the business day falling immediately after such date (unless parties agree otherwise). |
(2) | The exercise price of the Option is $0.00001 per share. |