SEC Form 4 · accession 0001477932-15-006070
Nano Labs Corp. · CTLE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bernardo Camacho Chavarria
Officer — President/CEO · Director · 10% Owner
Period of report
Sep 1, 2015
Accepted (ET)
Sep 23, 2015 · 12:53 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001497572
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 1, 2015 | J | 750,000,000 | $0.0001 | A | 770,000,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Issuer previously entered into that certain management agreement dated July 1, 2014 with the Reporting Person (the $$Management Agreement$$), pursuant to which the Reporting Person agreed to provide managerial, consulting and administrative services to Issuer and Issuer agreed to pay Reporting Person the sum of $5,000 USD monthly. In accordance with Section 2 of the Management Agreement, Reporting Person agreed to accept shares of our common stock of Issuer as compensation for the fees incurred by Issuer, which per share shall be calculated as the lowest closing price for the prior ten trading days. Reporting Person tendered to Issuer an invoice dated June 30, 2015 reflecting that amounts due and owing to Reporting Person from July 1, 2014 through July 1, 2015 remain unpaid in the aggregate amount of $60,000 (the $$July 2015 Invoice$$). Reporting Person further tendered to Issuer an invoice dated September 1, 2015 reflecting that amounts due and owing to Reporting Person from July 1, 2015 through September 1, 2015 remain unpaid in the aggregate amount of $15,000 (the $$September 2015 Invoice$$). Reporting Person agreed to accept shares of restricted common stock at a per share price of $0.0001 as compensation for the aggregate amount of $75,000 (the $$Debt$$) due and owing per the July 2015 Invoice and the September 2015 Invoice. Issuer's Board of Directors approved the settlement of the Debt by the issuance of an aggregate of 750,000,000 shares of restricted common stock at a per share price of $0.0001.