Item 5.07 Submission of Matters to a Vote of Security Holders.
On
1)CareClix Services, Inc , aFlorida corporation 2)CareClix, Inc. , aVirginia corporation 3)MyCareClix Inc. , aFlorida corporation 4)CareClix RPM, Inc. , aFlorida corporation
At the partial closing, in consideration for the purchase of the designated
subsidiaries of SOLI , LFER has undertaken to issue directly to SOLI
shareholders, (i) 50,000,000 common shares of LFER to certain designated SOLI
shareholders, on the basis of one LFER common share for 50,000,000 common share
of SOLI outstanding at Closing and (ii) to other SOLI designated shareholders,
one non-voting Series E convertible preferred share of LFER for each 100 common
shares of SOLI held by such designated shareholders of SOLI outstanding at
Closing, with convertibility of the Series E preferred shares to equal 100
shares of LFER common stock for each share of such preferred stock; with
conversion occurring automatically when LFER's Articles of Incorporation have
been amended to authorize sufficient common shares; LIFER will register the
common and Series E convertible preferred shares to be issued to the SOLI
shareholders and the Closing will be completed when that registration statement
is declared effective by the
Pending the final Closing, SOLI and LFER will complete the operational changes
under a Management Operating Agreement effective
Following the final Closing, there will be no affiliation, as shareholder, debtor, creditor or otherwise, between SOLI and LFER
As part of the partial closing of the transaction, 4,000,000 shares of Series A voting preferred stock of LFER will be issued to the current majority shareholder of the Company as part of the consideration.
Item 8.01 Other Events.
On
1)CareClix Services, Inc , aFlorida corporation 2)CareClix, Inc. , aVirginia corporation 3)MyCareClix Inc. , aFlorida corporation 4)CareClix RPM, Inc. , aFlorida corporation
At the partial closing approved by the Board of Directors of the Company and a
majority of shareholders, the Company conveyed the four subsidiaries to LFER in
consideration for 4,000,000 shares of Series A voting preferred stock of LFER to
be issued directly to
1
non-voting convertible preferred share of LFER for each 100 common shares of
SOLI held by such designated shareholders of SOLI outstanding at Closing, with
convertibility of the Series E preferred shares to equal 100 shares of LFER
common stock for each share of such preferred stock; with conversion occurring
automatically when LFER's Articles of Incorporation have been amended to
authorize sufficient common shares. LIFER will register the common .and Series E
convertible preferred shares to be issued to the Company shareholders and the
Closing will be completed when that registration statement is declared effective
by the
Pending the final Closing, the Company and LFER will complete the operational
changes under a Management Operating Agreement effective
Item 9.01 Financial Statements and Exhibits.
9(a) Financial statements of businesses or funds acquired. The financial
statements of the four CareClix subsidiaries to be acquired by LFER have been
restated to a fiscal year ending
9(d) Exhibits.
Exhibit 10.1 Management Operating Agreement effective
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