ITEM 1.01 ENTRY INTO A MATERIAL DEFI NITIVE AGREEMENT.
On May 24, 2022, Suneetha Nandana Silva Sudusinghe (owner of 12,400,000 shares
of common stock and 5,000,000 shares of preferred stock, representing 50.43 of
the total common stock of the Company) sold these shares to Scott Mcalister for
the sum of $450,000 (see Exhibit 2.1 attached hereto). At the same time, the
Company acknowledges, transfers, assigns and conveys to Okie, LLC ("Assignee")
and all of its successors the total amount of $135,000 in the aggregate due
under various loans agreement to the Assignee's described as follows (see
Exhibits 2.2 through 2.5 attached hereto):
(a) A loan agreement by and between Alan Parrik and the Company, dated January
19, 2022, in the amount of $85,000;
(b) A loan agreement by and between Noi Tech LLC and the Company, dated April
15, 2021, and, as of March 29, 2022, had a loan balance for future conversion in
the amount of $20,000; and
(c) A loan agreement by and between Serhii Cherniienko and the Company, dated
April 15, 2021; and, as of December 23, 2021, had a loan balance for future
conversion in the amount of $30,000.
ITEM 5.01 CHANGES IN CONTROL OF REGISTRANT.
As a result of the transaction described in Item 1.01 above, control of the
Company has changed from Mr. Sudusinghe to Mr. Mcalister. There are no
arrangements or understandings among the former and the new control person and
their associates with respect to election of directors or other matters.
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On May 24, 2017, the Company's sole director, Suneetha Nandana Silva Sudusinghe
appointed Scott Mcalister as a new director of the Company. Thereafter, Mr.
Sudusinghe appointed John Carlin as President (Principal Executive Officer) of
the Company, and Robert Carlin as Secretary/Treasurer (Principal Financial and
Accounting Officer) of the Company in place of himself in these positions,
Immediately thereafter Mr. Sudusinghe resigned as a director of the Company.
(a) Scott Mcalister, Director.
Scott Mcalister, age 41, is an entrepreneur who has led a number of successful
startups ranging from building and development to real estate and entertainment
over the last 20 years. His building and development background, the employee
teams who surround him and fundamental business practices have been a key part
in a history of successful execution, management and operations of his
businesses. Mr. Mcalister was the owner of SWM Builders, LLC, a commercial real
estate developer, from 2005 to 2017. From 2017 to the present, he has been the
owner of SWM Contractors, Inc., a commercial real estate developer. Mr.
Mcalister is a licensed general contractor in Florida. He received his Bachelors
Degree in Psychology in 2000 from University of North Florida, Jacksonville,
Florida.
(b) John T. Carlin, President, President (Principal ExecutiveOfficer).
John Carlin, age 66, served as the chief executive officer of Bitcoin Alley from
2021 to 2022, and principal of Carlin Homes LLC, a home builder, from 2016 to
2021. During the period of 2011 to 2016, he was vice president of Tennessee
Valley Authority. Mr. Carlin was vice president-Nuclear of Constellation Energy,
which offers natural gas, electricity, solar through Sunrun in six states, plus
Washington, D.C., and renewable energy plans, from 2005 to 2011. Mr. Carlin
received his Bachelor of Science degree in general science from State University
of New York and his Masters of Business Administration from National University
in 1988. He hold a Senior Reactor Operator Certification (BWR and PWR) and
Institute of Nuclear Power Operations Senior Nuclear Plant Manager Program, and
participated in the U.S. Navy Nuclear Power Training Program in 1977.
Mr. Carlin's background includes over four decades of experience in the field of
power generation. He started his career in the U.S. Navy Nuclear Propulsion
Program. In his career, Mr. Carlin held governance and oversight
responsibilities at the fleet and site level for all aspects of operations,
engineering, business operations, physical security, cybersecurity, information
technology, regulatory affairs as well as direct management of over $8B in major
projects.
(c) Robert J. Carlin, Secretary/Treasurer (Principal Financial and Accounting
Officer).
Robert J. Carlin, age 62 has served (from January 2010 to the present) as an
independent business consultant providing investment banking and compliance
consultancy. For the period of August 2016 to the present, he has also served as
an equipment specialist focused on capital equipment. Mr. Carlin received his
bachelor's degree in business administration from Virginia Commonwealth
University, Richmond, Virginia.
There is no material plan, contract or arrangement (whether or not written) to
which a covered officer is a party or in which he participates that is entered
into or material amendment in connection with the triggering event or any grant
or award to any such covered person or modification thereto, under any such
plan, contract or arrangement in connection with any such event.
There are no transactions with related persons, promoters and certain control
persons.
There is no family relationship between any director, or person nominated or
chosen by the to become a director or executive officer.
ITEM 8.01 OTHER EVENTS.
Effective on May 24, 2022, the address of the Company is changed to 10 North
Newman Street, Suite A, Jacksonville, Florida 32202. The new telephone number
for the Company is (305) 762.2585.
Exhibits.
Exhibits included are set forth in the Exhibit Index pursuant to Item 601of
Regulation S-K.
Number Description
2.1 Securities Purchase Agreement between Suneetha Nandana Silva Sudusinghe and
Scott Mcalister, dated May 24, 2022 (filed herewith).
2.2 Assignment of Convertible Note between Alain Parrik and Okie, LLC, dated
May 24, 2022 ("Assignee") (filed herewith).
2.3 Assignment of Convertible Note between Noi Tech LLC and Okie, LLC, dated
May 24, 2022 (filed herewith).
2.4 Assignment of Convertible Note between Serhii Cherniienko and Okie, LLC,
dated May 24, 2022 (filed herewith).
2.5 Acknowledgment of Assignment of Debt between Suneetha Nandana Silva
Sudusinghe and Okie, LLC, dated May 24, 2022 (filed herewith) .
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