Residential Income Properties, Inc. 3
3 · Residential Income Properties, Inc. · Filed Feb 23, 2009
Insider Transaction Report
Form 3
Marine Associates
Other
Holdings
- 750,000
Common Stock, $0.0001 par value per share
Footnotes (1)
- [F1]On January 23, 2009, the Issuer's Board of Directors, acting by written consent in lieu of a meeting, approved a consulting agreement; whereby, the Issuer agreed to issue 750,000.00 shares of its common voting equity securities to the Reporting Person, in addition to other cash compensation called for in that consulting agreement. For Internal Revenue Service purposes, the shares were issued to the Reporting Person at $0.0001 per share.