Item 8.01 Other Events.
On
Rouge will spin-off 100% of EAC pro rata, which equates to 157,165,783 million
shares of EAC common stock to its parent's shareholders as a dividend, based
upon their holdings of HERB common stock on the record date. Shareholders will
receive one share of EAC common stock for every one share of HERB common stock
that they hold on the record date, which is
Rouge Mountain has been a wholly owned subsidiary of HERB for more than 2 years, and Equity Art has been a wholly owned subsidiary of Rouge Mountain for more than 2 years, so the dividend will be sent out unrestricted and therefore exempt from registration. Together with the dividend certificates, disclosure documentation will be included pursuant to SEC Rule 15c2-11.
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