Simon Eric L 4
4 · ECLIPS MEDIA TECHNOLOGIES, INC. · Filed Dec 9, 2010
Insider Transaction Report
Form 4
Simon Eric L
10% Owner
Transactions
- Other
Common Stock, $.0001 par value
2010-12-07−20,000,000→ 0 total(indirect: See footnote) - Other
Common Stock, $.0001 par value
2010-12-07−10,000,000→ 0 total
Footnotes (2)
- [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.