-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RBdhjgDlGTwGHetQ1Wt2M1bXoKUbG/C3IxYu7JCz3G1Dlw4j76l/rbijCN4rrybw 6RL47YShvGkvLNjCdavJAA== 0001214782-09-000016.txt : 20090107 0001214782-09-000016.hdr.sgml : 20090107 20090107085944 ACCESSION NUMBER: 0001214782-09-000016 CONFORMED SUBMISSION TYPE: S-11/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20090107 DATE AS OF CHANGE: 20090107 FILER: COMPANY DATA: COMPANY CONFORMED NAME: 1st & 10 Properties, Corp. CENTRAL INDEX KEY: 0001446926 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE OPERATORS (NO DEVELOPERS) & LESSORS [6510] IRS NUMBER: 412269102 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-11/A SEC ACT: 1933 Act SEC FILE NUMBER: 333-153866 FILM NUMBER: 09511962 BUSINESS ADDRESS: STREET 1: 7918 INDIGO RIDGE TERRACE CITY: BRADENTON STATE: FL ZIP: 34201 BUSINESS PHONE: 941-284-4117 MAIL ADDRESS: STREET 1: 7918 INDIGO RIDGE TERRACE CITY: BRADENTON STATE: FL ZIP: 34201 S-11/A 1 firstandten-s11a2.htm 1ST & 10 PROPERTIES, CORP. FORM S-11/A PART II AMENDMENT FILED JANUARY 2009 firstandten-s11a2.htm
 


As filed with the Securities and Exchange Commission on January 7, 2009
Registration No. [ 333-153866]
 

 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

 
Part II Amendment
 
Form S-11
Registration Statement
Under
The Securities Act of 1933, As Amended
 

1st & 10 Properties, Corp.
(Exact name of registrant as specified in charter)
 

7918 Indigo Ridge Terrace,
 Bradenton Fl 34201
Telephone 1 (941) 284-4117
(Address, including zip code and telephone number, including area code of principal executive offices
 

Joseph Kandel
President
7918 Indigo Ridge Terrace
 Bradenton FL 34201
Telephone 1 (941) 284-4117

(Name, address and telephone number of agent for service)
 

Approximate date of commencement of proposed sale to the public:
as soon as practicable after the registration statement becomes effective. 

If any of the Securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act, check the following box:  x
 
If this form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act of 1933, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.  ¨
 
If this form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration number of the earlier effective registration statement for the same offering.  ¨
 
If this form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration number of the earlier effective registration statement for the same offering.  ¨
 
If delivery of this prospectus is expected to be made pursuant to Rule 434, check the following box.  ¨
 
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.
 
             
Large accelerated filer  ¨
 
Accelerated filer  ¨
 
Non-accelerated filer  ¨
 
Smaller reporting company  x
       
(Do not check if a
smaller reporting company)
   

 
CALCULATION OF REGISTRATION FEE
 
                 
 
Title of each class of
securities to be registered
 
Amount to
be registered
 
Proposed maximum
offering price
per share
 
Proposed maximum
aggregate
offering price(2)
 
Amount of
registration fee
Primary Offering, Common Stock, $0.00001 par value per share
 
10,000,000 (1)
 
$ 2.00 (2)
 
$20,000,000
 
$786
 
 
(1)
(2)
Registrant’s common stock as is being offered on a best efforts basis.
Registrant proposed maximum offering price at $2.00 per share is arbitrary, with an aggregate public offering price not to exceed $20,000,000. Estimated solely for the purpose of determining the registration fee pursuant to Rule 45(o) under the Securities Act of 1933, as amended.
 
The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the Registration Statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.
 
 

 

PART II—INFORMATION NOT REQUIRED IN PROSPECTUS


ITEM 31. Other Expenses of issuance and distribution

SEC Registration Fee $786.00
Blue Sky Fees and Expenses $1,000 / $10,000.00
Legal Fees and Expenses $6,500.00 / $46,000.00
Printing and Engraving Expenses $4,000.00 / $12,000.00
Accountant's Fees and Expenses $3,500.00 / $7,000.00
Total $15,370.00 / $75,370.00

The foregoing expenses, except for the SEC fees, are estimated. Estimates are for minimum /maximum.


ITEM 32. Sales to Special Parties.

ITEM 33. Recent Sales of Unregistered Securities.

(a) Unregistered Securities Sold since inception:

ALL 1st & 10 Properties, Corp. COMMON STOCK ISSUANCES OTHER THAN FOR CASH

The following sets forth information relating to all previous issuances of common stock by the Registrant that are at least two years prior which sales were not registered under the Securities Act of 1933, as amended, but were sold or issued under reliance upon Section 4(2) of said Act among possible other exemption or exemptions.

The following issuances of common stock listed below totaling 210,000 shares were in exchange for various business services to be provided to the company and were issued as founder shares:

NAME SHARES Aggregate Value of Services

Worldwide Financial Solutions (consulting) 200,000 shares
Steve Flamm (audit review) 5,000 shares
Marathon Advisors (CPA) 5,000 shares

The following sets forth information relating to previous issuances of common stock by the Registrant that are less than two years prior which sales were not registered under the Securities Act of 1933.

The following sets forth information relating to all previous issuances of common stock by the Registrant that are at not two years prior which sales were not registered under the Securities Act of 1933.

The previous list of all shares issued for other than a cash sales that are at least two years prior  -0 -

Cash sales of the Company’s common stock –0-
Total shares sold for cash and all other transactions total –0-

No advertising or general solicitation was employed in offering the shares. The shares were offered for investment only and not for the purpose of resale or distribution. All of the shares issued to the aforementioned persons bear restrictive legends preventing their transfer except in accordance with the Securities Act of 1933, as amended, and the regulations promulgated there under.

ITEM 34.  Indemnification of Officers and Directors

The information required by this item is incorporated by reference to "indemnification" in the prospectus herein.

At present we have not entered into individual indemnity agreements with our Officers or Directors. However, our By-Laws and Certificate of Incorporation provide a blanket indemnification that we shall indemnify, to the fullest extent under New York law, our directors and officers against certain liabilities incurred with respect to their service in such capabilities. In addition, the Certificate of Incorporation provides that the personal liability of our directors and officers and our stockholders for monetary damages will be limited.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers and controlling persons pursuant to the foregoing provisions, or otherwise, we have been advised that in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Securities Act of 1933, as amended, and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by us of expenses incurred or paid by a director, officer or controlling person 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, we will, unless in the opinion of our counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by it is against public policy as expressed in the Securities Act of 1933, as amended, and we will be governed by the final adjudication of such case.
 
 

 
ITEM 35. Treatment of Proceeds from Stock Being Registered.

All consideration received by this registration will be credited to the capital account of the company after escrow is released.


ITEM 36 – Financial Statements and Exhibits.

FINANCIAL STATEMENTS From Inception Through September 30, 2008

CONTENTS INCLUDED IN PROSPECTUS
PAGE
   
Report of Independent Registered Public Accounting Firm
F 1
   
Balance Sheet
F 2
   
Statement of Expenses
F 3
   
Statement of Shareholders’ Deficit
F 4
   
Statement of Cash Flow
F 5
   
Notes to Financial Statements
F 6



 
EXHIBITS
Exhibit 3.1     Articles of Incorporation
 
Exhibit 3.2     Bylaws of 1st and 10 Properties, Corp.
 
Exhibit 4.1     Subscription Agreement
 
Exhibit 5.1     Consent of and Opinion of Counsel
  Exhibit 10.1   Agreement with 1st & 10 Investment Corp. *
 
Exhibit 23.1   Consent of Accountant
 
* Filed herein
 

Item 37. Undertakings.

Furnish the undertakings required by Item 512 of Regulation S-K (§229.512 of this chapter).

The undersigned registrant undertakes:


(1) To file, during any period in which offer or sales are being made, a post-effective amendment to this registration statement


       To include any prospectus required by section I O (a)(3) of the Securities Act of 1933;

To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment) which, individually or in the aggregate, represent a fundamental change in the information in the registration   statement;

      To include any material information with respect to the plan of
      distribution not previously disclosed in the registration statement or any
      material change to the information in the Registration Statement.

(2) That, for the purpose of determining any liability under the Securities Act
of 1933, each post-effective amendment that contains a form of prospectus shall
be deemed to be a new registration statement relating to the securities offered
therein, and the offering of securities at that time shall be deemed to be the
initial bona fide offering.

(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.

Subject to the terms and conditions of Section 15(d) of the Securities Exchange
Act of 1933, the undersigned Registrant hereby undertakes to file with the
Securities and Exchange Commission any supplementary and periodic information,
documents, and reports as may be prescribed by any rule or regulation of the
Commission heretofore or hereafter duly adopted pursuant to authority conferred
to that section.

Insofar as indemnification for liabilities arising under the Securities Act of
1933 may be permitted to directors, officers, and controlling persons of the
Registrant pursuant to our certificate of incorporation or provisions of New
York law, or otherwise, the Registrant has been advised that in the opinion of
the Securities and Exchange Commission the indemnification is against public
policy as expressed in the Act and is, therefore, unenforceable. If a claim for
indemnification against 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 a director, officer or controlling person in connection with the
securities being registered, the Registrant will, unless in the opinion of our
counsel the matter has been settled by controlling precedent, submit to a court
of appropriate jurisdiction the question whether the indemnification by it is
against public policy as expressed in the Act and will be governed by the final
adjudication of the issue.



SIGNATURES

 
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Joseph Kandel as their true and lawful attorneys-in-fact and agent, with full power of substitution, each with power to act alone, to sign (1) any and all amendments (including post-effective amendments) to this Registration Statement and (2) any registration statement or post-effective amendment thereto to be filed with the Securities and Exchange Commission pursuant to Rule 462(b) under the Securities Act of 1933, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
 
 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-11 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Bradenton, State of Florida, on December 30,2008.

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 dates indicated.

1st & 10 Properties, Corp.__ (Issuer)
 
 
Name
 
Title
 
Date
         
/s/  Joseph Kandel    
 
President and Chief Executive Officer
(Principal Executive Officer)
 
January 2, 2009
 
/s/  Barbara Shapiro     
 
 
Chief Operations Officer
(Vice President, Secretary)
 
 
January 2, 2009
 
/s/  Steve Seligsohn
 
 
Director
 
 
 
January 2, 2009
 
/s/  Kenneth Brand
Xxxxx
 
 
Director
 
 
January 2, 2009




 

 

 

 

 

EX-10.1 2 ex10-1.htm AGREEMENT WITH 1ST & 10 INVESTMENT CORP. ex10-1.htm
Exhibit 10.1
AGREEMENT


     THIS AGREEMENT is made this 20th day of February, 2008, by and between 1st & 10 Properties, Corp., and 1st & 10 Investment Corp.

     As it will be so stated in THIS AGREEMENT, 1st & 10 Investment Corp., will be the exclusive property management company for 1st & 10 Properties, Corp., acting as a fully functioning company in the following manner.

1.
 To collect all rents due by the tenants
2.
 To provide all property related services to tenant.
3.
 To work in a coordinated working relationship with all associations related to the rented properties.
4.
 To keep accurate records of all income and outward expenses related to the rented properties.
5.
 To supply adequate personnel to cover all functions stated above.
6.
 1st & 10 Investment Corp will be compensated by the prevailing market commission rate for services rendered.

     By virtue of THIS AGREEMENT, and as evidenced by the signatures below, this instrument shall be binding and interpreted according to the laws of Florida.  This agreement shall be binding for a minimum of no less than twelve months of the effective date and shall terminate upon discretion of Joseph Kandel, CEO of 1st & 10 Properties, Corp, or as determined by a majority vote of the Board of Directors of 1st & 10 Properties, Corp or as otherwise designated.





/s/ Barbara Shapiro                           2/20/08
/s/ Joseph Kandel                            2/20/08
On behalf of 1st & 10 Properties, Corp./Date
On behalf of 1st & 10 Investment Corp./Date
Barbara Shapiro
Joseph Kandel


 
 

 
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