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NextPlat Corp — Director's Dealing 2010
Dec 9, 2010
34945_dirs_2010-12-09_757050e5-d255-41ae-8221-348d3de9c655.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ECLIPS MEDIA TECHNOLOGIES, INC. (EEMT)
CIK: 0001058307
Period of Report: 2010-12-07
Reporting Person: Simon Eric L (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-12-07 | Common Stock, $.0001 par value | J | 10000000 | — | Disposed | 0 | Direct |
| 2010-12-07 | Common Stock, $.0001 par value | J | 20000000 | — | Disposed | 0 | Indirect |
Footnotes
F1: These shares were retired to the Issuer pursuant to a Spinoff Agreement (the "Agreement") between the Issuer, Mr. Simon and
Brand Interaction Group, LLC ("BIG"). Under the Agreement these shares are being retired to the Issuer in exchange for 100%
of the issued and outstanding capital stock of SD Acquisition Corp., which owned and operated the Superdaft business, the
cancellation of the asset purchase agreement and employment agreement entered into between the Issuer, Mr. Simon and BIG in
June 2010 and certain payments to be made by BIG to some of the Issuer's noteholders.
F2: Represents shares held by BIG of which Mr. Simon controls.