10-K/A 1 seafarer_10ka-15416.htm SEAFARER EXPLORATION CORP. 10-K/A, AMENDMENT NO. 1 seafarer_10ka-15416.htm

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

________________________

FORM 10-K /A
Amendment No. 1
______________

(Mark One)
 
x
    ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
For fiscal year ended December 31, 2011
 
 
o
    TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
 
 
SEAFARER EXPLORATION CORP.

(Exact name of registrant as specified in its charter)

 
Delaware
90-0473054
(State or other jurisdiction of incorporation or organization)  
(I.R.S. Employer Identification No.)

14497 N. Dale Mabry Highway, Suite 209N, Tampa, Florida 33618

(Address of principal executive offices)(Zip code)

 
Registrant’s telephone number: (813) 448-3577

Securities registered pursuant to Section 12(g) of the Act:
 
Common Stock, par value $0.0001 per share
 
 

 




 
 
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Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.  Yes   o      No  x
 
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.  Yes  o      No  x
 
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes  x       No  o
 
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.   o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

             
Large accelerated filero
 
Accelerated filero
 
Non-accelerated filer  o
 
Smaller reporting company x
       
(Do not check if a smaller reporting company)
   
 
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).  Yes  o      No  x
 
The aggregate market value of the voting common equity held by non-affiliates of the registrant was approximately $9,033,267as of the last business day of the registrant’s most recently completed second fiscal quarter, based upon the closing sale price on the OTC:BB reported for such date. Shares of common stock held by each officer and director, and by each person who owns 10% or more of the outstanding common stock, have been excluded in that such persons may be deemed to be affiliates. This determination of affiliate status is not necessarily a conclusive determination for other purposes.

As of April 9, 2012, the Registrant had 639,417,784 outstanding shares of its common stock, $0.0001 par value.
 
 
 
 
 
 
 
2

 
 
 
EXPLANATORY NOTE
 
The purpose of this amendment on Form 10-K/A to Seafarer Exploration Corp.'s Annual Report on Form 10-K for the period ended December 31, 2011, filed with the Securities and Exchange Commission on April 12, 2012 is solely to furnish Exhibit 101 to the Form 10-K in accordance with Rule 405 of Regulation S-T.
 
No other changes have been made to the Form 10-K. This Amendment No. 1 to the Form 10-K speaks as of the original filing date of the Form 10-K, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the original Form 10-K.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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PART IV
 
Item 15. Exhibits

(2)
Plan of Acquisition, Reorganization, Arrangement, Liquidation or Succession
   
2.1
Form of Share Exchange Agreement dated June 4, 2008 by and among Organetix, Inc., Seafarer Exploration, Inc. and each of the shareholders of Seafarer Exploration incorporated by reference to Form 8-K filed with the Commission on June 10, 2008.
   
(3)
Articles of Incorporation and By-laws
   
3.1
Amended and Restated Certificate of Incorporation of Organetix, Inc. incorporated by reference to Organetix, Inc.’s Schedule 14C Definitive Information Statement filed with the Commission on May 6, 2008.
   
3.2
Certificate of Amendment to the Certificate of Incorporation to merge Seafarer Exploration Corp., a wholly-owned subsidiary of the Company into the Company with the Secretary of State of the State of Delaware.  Pursuant to the Certificate of Amendment, the Company’s Articles of Incorporation were amended to change its name from Organetix, Inc. to Seafarer Exploration Corp. dated July 17, 2008, incorporated by reference to Form 8-K filed with the Commission on July 24, 2008.
   
(10)
Material Contracts
   
10.1
Agreement by and between Tulco Resources, Ltd., and Seafarer Exploration, Inc. dated February 2007, incorporated by reference to Form 8-K filed with the Commission on June 8, 2010.
   
10.2
Consulting Agreement by and between Frank Heidel and Seafarer Exploration Corp. dated January 18, 2011. Incorporated by reference to Form 10-K filed with the Commission on April 12, 2012.
   
10.3
Consulting Agreement by and between Lenny H. Kohl and Seafarer Exploration Corp. dated January 18, 2011. Incorporated by reference to Form 10-K filed with the Commission on April 12, 2012.
   
10.4
Consulting Agreement by and between Ralph Johnson and Seafarer Exploration Corp. dated January 19, 2011. Incorporated by reference to Form 10-K filed with the Commission on April 12, 2012.
   
10.5
Consulting Agreement by and between John Willard and Seafarer Exploration Corp. dated January 27, 2011. Incorporated by reference to Form 10-K filed with the Commission on April 12, 2012.
   
10.6
Treasure Exploration Funding Agreement by and between Ridgley-Johnson-Sharpe, L.P. and Church Hollow, LLC dated April 2, 2011. Incorporated by reference to Form 10-K filed with the Commission on April 12, 2012.
   
10.7
Consulting Agreement by and between Glenn E. Ridgley and Seafarer Exploration Corp. dated April 2, 2011. Incorporated by reference to Form 10-K filed with the Commission on April 12, 2012.
   
10.8
Consulting Agreement by and between ClearTrust, LLC and Seafarer Exploration Corp. dated April 16, 2011. Incorporated by reference to Form 10-K filed with the Commission on April 12, 2012.
   
10.9
Consulting Agreement by and Red Letter Studios, Inc. and Seafarer Exploration Corp. dated April 18, 2011. Incorporated by reference to Form 10-K filed with the Commission on April 12, 2012.
   
10.10
Board of Directors Letter Agreement by and between Charles Branscum and Seafarer Exploration Corp. dated April 19, 2011. Incorporated by reference to Form 10-K filed with the Commission on April 12, 2012.
   
10.11
Board of Directors Letter Agreement by and between Ralph Johnson and Seafarer Exploration Corp. dated April 19, 2011. Incorporated by reference to Form 10-K filed with the Commission on April 12, 2012.
 
 
 
 
 
 
 
 
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Item 15. Exhibits - continued
 
10.12
Consulting Agreement by and between Reward Treasure Divers, LLC and Seafarer Exploration Corp. dated June 10, 2011. Incorporated by reference to Form 10-K filed with the Commission on April 12, 2012.
   
10.13
 
Consulting Agreement by and between Ralph Johnson and Seafarer Exploration Corp. dated June 20, 2011. Incorporated by reference to Form 10-K filed with the Commission on April 12, 2012.
   
10.14
Consulting Agreement by and between Reward Treasure Divers, LLC and Seafarer Exploration Corp. dated August 17, 2011. Incorporated by reference to Form 10-K filed with the Commission on April 12, 2012.
   
10.15
Consulting Agreement by and between Joseph Albert and Seafarer Exploration Corp. dated August 23, 2011. Incorporated by reference to Form 10-K filed with the Commission on April 12, 2012.
   
10.16
Letter Agreement by and between Joseph Albert and Seafarer Exploration Corp. dated August 23, 2011. Incorporated by reference to Form 10-K filed with the Commission on April 12, 2012.
   
10.17
Consulting Agreement by and between Worldwide Financial Marketing, Inc. and Seafarer Exploration Corp. dated August 25, 2011. Incorporated by reference to Form 10-K filed with the Commission on April 12, 2012.
   
10.18
Advisory Council Agreement by and between Daniel Meisenheimer and Seafarer Exploration Corp. dated September 22, 2011. Incorporated by reference to Form 10-K filed with the Commission on April 12, 2012.
   
10.19
Advisory Council Agreement by and between Pelle Ojasu and Seafarer Exploration Corp. dated September 22, 2011. Incorporated by reference to Form 10-K filed with the Commission on April 12, 2012.
   
10.20
Advisory Council Agreement by and between Lenny Kohl and Seafarer Exploration Corp. dated September 22, 2011. Incorporated by reference to Form 10-K filed with the Commission on April 12, 2012.
   
10.21
Convertible Promissory Note issued by Seafarer Exploration Corp. to Asher Enterprises, Inc. and Securities Purchase Agreement between Asher Enterprises, Inc. and Seafarer Exploration Corp. dated as of October 6, 2011. Incorporated by reference to Form 10-K filed with the Commission on April 12, 2012.
   
10.22
Consulting Agreement by and between Blulife, Inc. and Seafarer Exploration Corp. dated November 23, 2011. Incorporated by reference to Form 10-K filed with the Commission on April 12, 2012.
   
10.23
Consulting Agreement by and between Steve Rupert and Seafarer Exploration Corp. dated December 12, 2011. Incorporated by reference to Form 10-K filed with the Commission on April 12, 2012.
   
 31.1
Certification of Chief Executive Officer and Principal Accounting Officer Pursuant to the Securities Exchange Act of 1934, Rules 13a-14 and 15d-14.  Incorporated by reference to Form 10-K filed with the Commission on April 12, 2012.
   
 32.1
Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. Incorporated by reference to Form 10-K filed with the Commission on April 12, 2012.
   
101.INS XBRL Instance Document *
   
101.SCH XBRL Taxonomy Extension Schema *
   
101.CAL XBRL Taxonomy Extension Calculation Linkbase *
   
101.DEF XBRL Taxonomy Extension Definition Linkbase *
   
101.LAB XBRL Taxonomy Extension Label Linkbase *
   
101.PRE XBRL Taxonomy Extension Presentation Linkbase *
 
* Filed herewith.
 
 
SIGNATURES
 
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 
Seafarer Exploration Corp.
     
     
Date: February 1, 2013
By:
/s/ Kyle Kennedy
   
Kyle Kennedy
President, Chief Executive Officer, Chairman of the Board
(Principal Executive Officer and Principal Accounting Officer)
     
Date: February 1, 2013
By:
/s/ Charles Branscum
   
Charles Branscum, Director
     
 
 
 
 
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