S-8 1 v051934_s-8.htm

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM S-8
REGISTRATION STATEMENT
Under
THE SECURITIES ACT OF 1933
 

CYOP SYSTEMS
INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)

Nevada
 
98-0222927
(State or other jurisdiction of incorporation or organization)
 
(I.R.S. Employer Identification No.)

Unit A, 1022 6th Street,
Hermosa Beach, California
 
 
90254
(Address of principal executive offices)
 
(Zip Code)


2006 Equity Incentive Plan
(Full title of the plan)

Mitch White
Unit A, 1022 6th Street
Hermosa Beach, California 90254
(Name and address of agent for service)

(310) 691-2585
(Telephone number, including area code, of agent for service)

CALCULATION OF REGISTRATION FEE

 
Title of Securities to be registered
 
Amount to be registered (1)
Proposed maximum offering price per share (2)
Proposed maximum aggregate offering price (2)
 
Amount of registration fee
         
Common Stock
45,000,000
$0.0131
$589,500
$63.08

(1) Includes an indeterminate number of additional shares that may be issued to adjust the number of shares issued pursuant to the stock plan described herein as the result of any future stock split, stock dividend or similar adjustment of the registrant’s outstanding common stock.

(2) Estimated pursuant to Rule 457(h) solely for purposes of calculating amount of registration fee, based upon the average of the high and low prices reported on August 29, 2006, as reported on the OTC Electronic Bulletin Board.


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PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3. Incorporation of Documents by Reference.

The following documents are hereby incorporated by reference into this registration statement:

(a) The Annual Report for the fiscal year ended December 31, 2005, filed by the registrant with the Securities and Exchange Commission (the “Commission”) on Form 10KSB on May 17, 2006, which contains audited consolidated financial statements for the most recent fiscal year for which such statements have been filed.

(b) The quarterly report for the quarter ended March 31, 2006, filed by the registrant with the Commission on Form 10QSB on June 28, 2006.

(c) The quarterly report for the quarter ended June 30, 2006, filed by the registrant with the Commission on Form 10QSB on August 21, 2006.

(d) The description of the registrant’s common stock, which is included in the registration statement on Form SB-2, file no. 333-132500, filed with the Commission on June 25, 2001.

(e) In addition, all documents subsequently filed by the registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act, prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference into this registration statement and to be a part hereof from the date of filing of such documents.

Item 4. Description of Securities.

Not applicable. The class of securities to be offered is registered under Section 12 of the Exchange Act.

Item 5. Interests of Named Experts and Counsel.

Richardson & Patel LLP has given an opinion on the validity of the securities being registered hereunder. Erick Richardson and Nimish Patel, partners of the law firm, are eligible to receive shares of the Company’s common stock pursuant to this Form S-8 registration statement.


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Item 6. Indemnification of Directors and Officers.

Section 78(1)(2)(3) & (4) of the Nevada Revised Statutes (the "NRS") permits corporations to indemnify a director, officer or control person of the corporation or its stockholders for any liability asserted against him and liability and expenses incurred by him in his capacity as a director, officer, employee or agent, or arising out of his status as such, whether or not the corporation has the authority to indemnify him against such liability and expense. Our Articles of Incorporation and By-laws do not include such a provision automatically indemnifying a director, officer or control person of the corporation or its stockholders for any liability asserted against him and liability and expenses incurred by him in his capacity as a director, officer, employee or agent, or arising out of his status as such, but our By-laws do permit us the Corporation to indemnify any director, officer, agent or employee as to those liabilities and on those terms and conditions as appropriate, subject to applicable law.

Our By-laws, Article VI Section 9, do permit us to secure insurance on behalf of any officer, director, employee or other agent for any liability arising out of his or her actions in such capacity, regardless of whether or not Nevada law would permit indemnification.

Item 7. Exemption from Registration Claimed.

Not applicable.

Item 8. Exhibits.

 
5.
Opinion regarding legality
 
23.1
Consent of De Leon & Company, P.A.
 
23.2
Consent of Richardson & Patel LLP (included in Exhibit 5)
99.1
2006 Equity Incentive Plan

Item 9. Undertakings.

(a) The undersigned registrant hereby undertakes to file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement (1) to include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement; (2) that, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof; and (3) to remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

(b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
 
(c) Insofar as indemnification for liabilities arising under the Securities Act of 1933 (the “Act”) may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer, or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
 
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SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Hermosa Beach, California, on this 31st day of August 2006.

 
CYOP SYSTEMS INTERNATIONAL, INC.
 
A Nevada Corporation
   
   
 
/s/ Mitch White
 
By: Mitch White
 
Its: Chief Executive Officer and Chairman
 
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated:


Dated: August 31, 2006
/s/ Mitch White
 
Mitch White, Chief Executive Officer and Director
   
Dated: August 29, 2006
/s/ Canon Bryan
 
Canon Bryan, Chief Financial Officer
   
   
Dated: August 29, 2006
/s/ Randy Peterson
 
Randy Peterson, Director
   
   
Dated: August 29, 2006
/s/ Jorge Andrade, Jr.
 
Jorge Andrade, Jr., Director


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INDEX TO EXHIBITS

Exhibit Number
Description

5.
Opinion regarding legality
23.1
Consent of De Leon & Company, P.A.
23.2
Consent of Richardson & Patel LLP (included in Exhibit 5)
99.1
2006 Equity Incentive Plan


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