il2m INTERNATIONAL CORP. 4
4 · il2m INTERNATIONAL CORP. · Filed May 13, 2015
Insider Transaction Report
Form 4
il2m Global Limited.
10% Owner
Transactions
- Other
Common Stock
2015-05-11−400,000→ 0 total - Other
Common Stock
2015-05-11−500,000→ 0 total - Other
Common Stock
2015-05-11−124,100,000→ 0 total
Footnotes (3)
- [F1]Vartan Pilavjyan ("Pilavjyan") loaned the Reporting Person $100,000.00 for the purposes of providing working capital to the Issuer, which loan was evidenced by that certain promissory note dated March 14, 2014 in the principal amount of $100,000.00 issued by the Reporting Person to Pilavyjan, which provided that in the event the Reporting Person was unable to repay the $100,000 on the demand date, the Reporting Person in its sole discretion without the consent of Pilavjyan would transfer to Pilavjyan 400,000 shares of common stock of the Company that the Reporting Person held of record.
- [F2]Hovsep Karapetian ("Karapetian") loaned the Reporting Person $125,000.00 for the purposes of providing working capital to the Issuer, which loan was evidenced by that certain promissory note dated March 14, 2014 in the principal amount of $125,000.00 issued by the Reporting Person to Karapetian, which provided that in the event the Reporting Person was unable to repay the $125,000 on the demand date, the Reporting Person in its sole discretion without the consent of Karapetian would transfer to Karapetian 400,000 shares of common stock of the Company that the Reporting Person held of record.
- [F3]On April 27, 2015, the Issuer's Board of Directors and majority shareholders, believing it to be in the best interests of the Issuer and its shareholders, approved a termination of license and transfer of assets with the Reporting Person (the "Termination and Transfer of Assets"). Based on the terms and provisions of the Termination and Transfer of Assets, the Reporting Person returned 124,100,000 shares of common stock to the Issuer for cancellation and return to treasury.