This is the document proving the sale of the CEO's shares.
Sheriffs Office
800 N. French Street, 5th Floor Wilmington, Delaware 1980l
302-395-8450, Fax: 302-395-8460
SOLD TO PLAINTIFF (Buy Back) Court Case# CPUS-09-000438
Vend Exp Jus. Judge
State of Delaware New Castle County
Trinidad Navarro
Sheriff 617/2013
HAROLD AND BETTE WALLACE
vs
GECKOSYSTEMS INTERNATIONAL CORPORATION AND R MARTIN SPENCER
ON 5/31/2013, AT 10:00 AM, THE BELOW LISTED PROPERTY WAS SOLD AT SHERIFF SALE AT NCC SHERIFF"S OFFICE 800 FRENCH STREET 5th FLOOR WILMINGTON, DE 19801 .
THE STOCK HELD BY R MARTIN SPENCER: 44,224,464 COMMON SHARES; 2,937 PREFERRED SHARES WHICH ARE CONVERTIBLE TO COMMON AT 1:71,313.
"This letter is to provide notice that the New Castle County (Delaware) Sheriff has been directed by the Kent County (Delaware) Court of Common Pleas, to sell approximately 44.2 million shares of common stock held by R. Martin Spencer in Geckosystems Inten1ational. Mr. Spe11cer is an officer of Geckosystems and therefore a beneficial owner and affiliate fo the company. Geckosystems is a non-reporting con1pany. A copy of the Order is attached. The public auction will result in the disposition of approximately 12.66% of the company in a single sale. In addition, the Order
requires the sale of preferred stock as well. This tiotice is to furtl1er advise you that the sl1ares being
sold are restricted."
At the court instruction; "with the inclusio11 of the preferred stock, the total stock to be sold is approximately 35.9% of the owership interest in the company"
High Bidder: HAROLD AND BETTE WALLACE
Upset Bid: $1,000.00
Per the instructions from the court (Judge Anne Reigle), the following statement was read prior to the sale "With tl1e inclusion of the preferred stock, the total stock to be sold is approximately 35.9% of the ownership interest in the company."
Personal Property of Defendant was sold to Mr. Neil Wallace (Plaintiff's Son) representing the Plaintiffs for$ 1,000. Mr. Wallace was both the highest bidder and only bidder present at the sale.
The Defendant's attorney Donald Go!:!ge 'Y J? .qnt tOr the sale as an obsen'er only.
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Sheriff
PER Judith Brady
SHERIFF# 11-013505
'./
•
SALE DATE 5/3112013
Sheriff's Office
800 N. French Street. 5th Floor Wilmington, Delaware 19801
302-395-8450, Fax: 302-395-8460
State of Delaware New Castle County Trinidad Navarro Sheriff
6/7/2013
Court Case# CPUS-09-000438
Vend Exp Jus. Judge
HAROLD AND BETTE WALLACE
VS
GECKOSYSTEMS INTERNATIONAL CORPORATION AND R MARTIN SPENCER
Application of Funds |
|
G&C Vendex JJ | $100.00 |
Sheriff 3% High Bid | $30.00
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