UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 8-K


Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported):   June 16, 2017


Gotham Capital Holdings, Inc.

(Exact name of registrant as specified in its charter)





New Jersey

000-50773

56-2415252

(State or Other Jurisdiction

(Commission File

(I.R.S. Employer

of Incorporation)

Number)

Identification Number)


266 Cedar Street

Cedar Grove, NJ 07009

(Address of principal executive offices, including zip code)


(973) 239-2952

(Registrant s telephone number, including area code)



(Former name or former address, if changed since last report.)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


         Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


         Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


         Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


         Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).


Emerging growth company

[  ]


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

       [  ]



1


Table of Contents






CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

3

EXPLANATORY NOTE

4

Item 1.01

Entry into a Material Definitive Agreement

5

Item 2.01

Completion of Acquisition or Disposition of Assets

5

 

The Share Exchange Agreement

5

 

Description of Business

7

 

Description of Properties

8

 

Risk Factors

8

 

Management s Discussion and Analysis of Financial Condition and Results of Operations

8

 

Security Ownership of Certain Beneficial Owners and Management

11

 

Directors, Executive Officers, Promoters and Control Persons

12

 

Executive Compensation

14

 

Certain Relationships and Related Transactions

15

 

Market Price of and Dividends on Common Equity and Related Stockholder Matters

15

 

Description of Securities

16

 

Legal Proceedings

17

 

Indemnification of Directors and Officers

17

Item 3.02

Unregistered Sales of Equity Securities

18

Item 5.01

Changes in Control of Registrant

18

Item 5.02

Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers

18

Item 5.06

Change in Shell Company Status

18

Item 9.01

Financial Statements and Exhibits

18




2


CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS


This document contains forward-looking statements, including, without limitation, in the sections captioned Description of Business, Risk Factors, and Management s Discussion and Analysis of Financial Condition and Plan of Operations, and elsewhere.  Any and all statements contained in this Form 8-K that are not statements of historical fact may be deemed forward-looking statements. Terms such as may, might, would, should, could, project, estimate, pro-forma, predict, potential, strategy, anticipate, attempt, develop, plan, help, believe, continue, intend, expect, future, and terms of similar import (including the negative of any of the foregoing) may be intended to identify forward-looking statements.  However, not all forward-looking statements may contain one or more of these identifying terms.  Forward-looking statements in this Form 8-K may include, without limitation, statements regarding (i) the plans and objectives of management for future operations, (ii) a projection of income (including income/loss), earnings (including earnings/loss) per share, capital expenditures, dividends, capital structure or other financial items, (iii) our future financial performance, including any such statement contained in a discussion and analysis of financial condition by management or in the results of operations included pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC ), and (iv) the assumptions underlying or relating to any statement described in points (i), (ii) or (iii) above.


The forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances and may not be realized because they are based upon our current projections, plans, objectives, beliefs, expectations, estimates and assumptions and are subject to a number of risks and uncertainties and other influences, many of which we have no control over. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the inaccuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, our inability to obtain adequate financing, our inability to expand our business, lack of product diversification, existing or increased competition, results of arbitration and litigation, stock volatility and illiquidity, and our failure to implement our business plans or strategies.


Readers are cautioned not to place undue reliance on forward-looking statements because of the risks and uncertainties related to them.  We disclaim any obligation to update the forward-looking statements contained in this Form 8-K to reflect any new information or future events or circumstances or otherwise.


Readers should read this Form 8-K in conjunction with our financial statements and the related notes thereto in this Form 8-K and other documents which we may file from time to time with the SEC.






3


EXPLANATORY NOTE


The Registrant was incorporated in the State of New Jersey on October 1, 2003 under the name of Creative Beauty Supply of New Jersey Corporation and subsequently changed its name to Gotham Capital Holdings, Inc. on May 18, 2015. The Registrant commenced operations in the beauty supply industry as of January 1, 2004. On November 30, 2007, the Registrant s Board of Directors approved a plan to dispose of its wholesale and retail beauty supply business. Since January 1, 2009, the Registrant has had no operations and has been a shell company.


 Further to our investigation of business opportunities, we have agreed to acquire all of the issued and outstanding shares of OXYS Corporation, a Nevada corporation ( OXYS ).  The principal place of business of OXYS is 705 Cambridge St., Cambridge, MA 02142.  Their contact number is (617) 500-5101. We have entered into a securities exchange agreement with the shareholders of OXYS to acquire 100% of the issued voting shares of OXYS in exchange for 34,687,244 of the Registrant s common shares. The 34,687,244 common shares to be issued consist wholly of securities exempt from registration under the Securities Act of 1933. The share consideration to be paid by the Registrant to the OXYS shareholders will represent approximately 90.2% of our issued voting equity on a fully diluted basis following closing. Our acquisition of OXYS is an arm's length transaction. No transactions, corporate events, negotiations, contacts, or conflicts of interest occurred between the Registrant and OXYS outside of this agreement during the past two years.  There are no legal proceedings related to the agreement, and there are no further regulatory requirements connected to the agreement.


In accordance with reverse acquisition accounting treatment, our historical financial statements as of period ends, and for periods ended, prior to the Share Exchange will be replaced with the historical financial statements of OXYS prior to the Share Exchange in all future filings with the SEC.


This document contains summaries of the material terms of various agreements executed in connection with the transactions described herein. The summaries of these agreements are subject to, and are qualified in their entirety by, reference to these agreements, which are filed as exhibits hereto and incorporated herein by reference.

 

This document is being filed in connection with a series of transactions consummated by the Registrant and certain related events and actions taken by the Registrant.

 

This document responds to the following Items in Form 8-K:


Item 1.01.  Entry into a Material Definitive Agreement

Item 2.01. Completion of Acquisition or Disposition of Assets

Item 3.02. Unregistered Sales of Equity Securities

Item 5.01. Changes in Control of Registrant

Item 5.02.  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.06. Change in Shell Company Status

Item 9.01. Financial Statements and Exhibits


Prior to the Share Exchange, we were a shell company (as such term is defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended (the Exchange Act )).  As a result of the Share Exchange, we have ceased to be a shell company.  The information contained in this document constitutes the current Form 10 information necessary to satisfy the conditions contained in Rule 144(i)(2) under the Securities Act of 1933, as amended (the Securities Act ).

4


Item 1.01    Entry into a Material Definitive Agreement


The information contained in Item 2.01 below relating to the various agreements described therein is incorporated herein by reference.


Item 2.01  Completion of Acquisition or Disposition of Assets


THE SHARE EXCHANGE AGREEMENT


The Registrant was incorporated in the State of New Jersey on October 1, 2003 under the name of Creative Beauty Supply of New Jersey Corporation and subsequently changed its name to Gotham Capital Holdings, Inc. on May 18, 2015. The Registrant commenced operations in the beauty supply industry as of January 1, 2004. On November 30, 2007, the Registrant s Board of Directors approved a plan to dispose of its wholesale and retail beauty supply business. Since January 1, 2009, the Registrant has had no operations and has been a shell company.


 Further to our investigation of business opportunities, we have agreed to acquire all of the issued and outstanding shares of OXYS Corporation, a Nevada corporation (OXYS).  The principal place of business of OXYS is 705 Cambridge St., Cambridge, MA 02142.  Their contact number is (617) 500-5101. We have entered into a securities exchange agreement with the shareholders of OXYS to acquire 100% of the issued voting shares of OXYS in exchange for 34,687,244 of the Registrant s common shares. The 34,687,244 common shares to be issued consist wholly of securities exempt from registration under the Securities Act of 1933. The share consideration to be paid by the Registrant to the OXYS shareholders will represent 90.2% of our issued voting equity on a fully diluted basis following closing. Our acquisition of OXYS is an arm's length transaction. No transactions, corporate events, negotiations, contacts, or conflicts of interest occurred between the Registrant and OXYS outside of this agreement during the past two years.  There are no legal proceedings related to the agreement, and there are no further regulatory requirements connected to the agreement.  


OXYS is a development stage technology company that is engaged in the following business areas:


1)

Providing engineering consulting services on a time and materials basis to various companies engaged in advanced manufacturing technology as well as implementing new technology in the Industrial Internet of Things IIoT;

2)

Working with companies, OXYS provides custom engineered solutions for IIoT implementations that involve the deployment of sensors, other hardware, and the development of software that analyzes the data;


In support of these activities, there are several specific tasks that OXYS executes on behalf of its clients:


1)

Development of Statements of Work for specific consulting services to be provided;

2)

Execution of these technical consulting services on a time and materials contract (i.e. actual billable hours plus material and other incidental costs incurred);

3)

Development of technical specifications for products;

4)

Building prototypes of IIoT products for clients and as determined by OXYS technical personnel to meet general industry needs;

5)

Working with outside manufacturers to product aforementioned products in larger quantities as required


5


The different sources of revenue that will result from these operations fall into the following categories.  As of the date of this filing, OXYS does not have reportable revenue for 2017.


1)

Consulting income based on time and materials contracts

2)

Product revenue resulting from sale of product

3)

Software licensing revenue resulting from recurring licenses of software


OXYS is in the process of quoting work for several clients.   This work consists both of consulting revenues (Time and Material) as well as product revenues (sales of products).    Non-disclosures prevent mentioning specific client names, but they fall into the following categories:


1)

Large aerospace company

2)

Large overseas automotive manufacturer with extensive plants across North America

3)

State Government


Part of the OXYS technology development and product development strategy is to license technology from universities and research centers such as National Labs.   At the present time, OXYS has negotiated a technology licensing option agreement with MIT (Massachusetts Institute of Technology) for technology, means and methods for the monitoring of current, voltage and power as it relates to IIoT.   This agreement was executed on May 17, 2017.  Additionally OXYS will generate revenue through partnerships with other companies.  At the present time, OXYS has one joint technology development agreement that was executed on June 13 2017.  The client in Sigma Labs Inc. based in Santa Fe, NM.  Under this agreement OXYS will provide time and materials consulting services to Sigma Labs Inc. and will investigate the potential for future joint product development opportunities.


Regulatory Approvals


There are no federal or state regulatory requirements that must be complied with or from whom approval must be obtained in connection with the transaction.


Change of Control


 At the closing of the Securities Exchange Agreement, the OXYS Stockholders will transfer all of their OXYS common shares to the Registrant in exchange for an aggregate of 34,687,244 newly issued Registrant common shares. Also at closing of the Securities Exchange Agreement, Carmine Catizone and Pasquale Catizone will transfer to the Registrant an aggregate of 1,500,000 common shares for cancellation such that neither of Messrs. Catizone shall retain 5% or more of our voting securities. Pasquale Catizone has entered into a consulting agreement with OXYS to provide consulting services during the transition.  Upon closing of these transactions, the Registrant will have 38,453,319 common shares issued and outstanding. The 34,687,244 common shares issued to the OXYS Stockholders at closing will represent 90.2% of our voting securities.


 As a result of the transactions to be effected by the Securities Exchange Agreement, (i) the new officers and directors will own 7,736,843 of our common shares, representing 20.1% of our voting securities, (ii) the only other 5% or more shareholder will own 3,000,000 of our common shares, representing 7.8% of our voting securities (iii) Carmine Catizone and Daniel Generelli will each resign as officers and directors, and (iv) Giro DiBiase will be appointed as Chief Executive Officer and Director, Vidyadhar Mitta will be appointed as a Director and Nevan C. Hanumara will be appointed as Secretary and a Director.


We continue to be a smaller reporting company, as defined under the Exchange Act, following the Share Exchange. We believe that as a result of the Share Exchange we have ceased to be a shell company (as such term is defined in Rule 12b-2 under the Exchange Act).





6



DESCRIPTION OF BUSINESS


OXYS is a development stage technology company that is engaged in the following business areas:


1)

Providing engineering consulting services on a time and materials basis to various companies engaged in advanced manufacturing technology as well as implementing new technology in the Industrial Internet of Things IIoT;

2)

Working with companies, OXYS provides custom engineered solutions for IIoT implementations that involve the deployment of sensors, other hardware, and the development of software that analyzes the data;


In support of these activities, there are several specific tasks that OXYS executes on behalf of its clients:


1)

Development of Statements of Work  for specific consulting services to be provided;

2)

Execution of these technical consulting services on a time and materials contract (i.e. actual billable hours plus material and other incidental costs incurred);

3)

Development of technical specifications for products;

4)

Building prototypes of IIoT products for clients and as determined by OXYS technical personnel to meet general industry needs;

5)

Working with outside manufacturers to product aforementioned products in larger quantities as required


The different sources of revenue that will result from these operations fall into the following categories.  As of the date of this filing, OXYS does not have reportable revenue for 2017.


1)

Consulting income based on time and materials contracts

2)

Product revenue resulting from sale of product

3)

Software licensing revenue resulting from recurring licenses of software


OXYS is in the process of quoting work for several clients.   This work consists both of consulting revenues (Time and Material) as well as product revenues (sales of products).    Non-disclosure agreements prevent mentioning specific client names, but they fall into the following categories:


1)

Large aerospace company

2)

Large overseas automotive manufacturer with extensive plants across North America

3)

State Government


Part of the OXYS technology development and product development strategy is to license technology from universities and research centers such as National Labs.   At the present time, OXYS has negotiated a technology licensing option agreement with MIT (Massachusetts Institute of Technology) for technology, means and methods for the monitoring of current, voltage and power as it relates to IIoT.   This agreement was executed on May 17, 2017.  Additionally OXYS will generate revenue through partnerships with other companies.   At the present time, OXYS has one joint technology development agreement that was executed on June 13 2017.   The client in Sigma Labs Inc. based in Santa Fe, NM.   Under this agreement OXYS will provide time and materials consulting services to Sigma Labs Inc. and will investigate the potential for future joint product development opportunities.


Government Regulations


There is no need for any government approval for any of our products, and there are no currently existing or probable governmental regulations that will negatively affect OXYS business plan.



7



Markets


OXYS has entered into discussion with several potential early adopter customers in the machine tool industry and general industrial product markets.  OXYS would provide industrial monitoring tools and would install devices that allow older industrial machines to connect with the IIOT.


OXYS intends to sell to a large variety of customers, and is not dependent upon any single customer, nor is the work seasonal.


Competition


Due to the nature of OXYS business strategy, it is competing with many other companies involved in the IIOT, such as Microsoft, IBM, Amazon, Oracle, and SAP, as well as middleware software manufacturers such as MachineShop and Waygum.  These companies all work with software, hardware, and cloud storage.  OXYS intends to compete with these companies by providing local data storage for industrial IIOT applications and network security.


Employees


As of June 16, 2017, there are no full or part time employees of OXYS.  All work is done through independent contractors.


DESCRIPTION OF PROPERTIES


Our offices are located at 705 Cambridge St., Cambridge, MA 02142.  The offices occupy approximately 1,000 sq ft, and have been provided for OXYS use rent free by Giro DiBiase.  Starting July, 2017, OXYS will start paying $1,500 a month for rent.  There is no lease agreement, and we are currently operating the offices on a month to month basis.


RISK FACTORS


Not applicable to smaller reporting companies.



MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS


Forward-Looking Statements

Statements in this management s discussion and analysis of financial condition and results of operations contain certain forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby.  To the extent that such statements are not recitations of historical fact, such statements constitute forward looking statements which, by definition involve risks and uncertainties. Where in any forward looking statements, OXYS expresses an expectation or belief as to future results or events, such expectation or belief is expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the statement of expectation or belief will result or be achieved or accomplished.


The following are factors that could cause actual results or events to differ materially from those anticipated, and include but are not limited to: general economic, financial and business conditions; changes in and compliance with governmental regulations; changes in tax laws; and the cost and effects of legal proceedings.





8



You should not rely on forward looking statements in this document.  This management s discussion contains forward looking statements that involve risks and uncertainties.  We use words such as anticipates, believes, plans, expects, future, intends, and similar expressions to identify these forward-looking statements.  Prospective investors should not place undue reliance on these forward looking statements, which apply only as of the date of this document.  Our actual results could differ materially from those anticipated in these forward-looking statements.


Critical Accounting Policies

The following discussions are based upon our audited financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. These financial statements and accompanying notes have been prepared in accordance with accounting principles generally accepted in the United States.


The preparation of these financial statements requires management to make estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosures of contingencies. OXYS continually evaluates the accounting policies and estimates used to prepare the financial statements. OXYS bases its estimates on historical experiences and assumptions believed to be reasonable under current facts and circumstances. Actual amounts and results could differ from these estimates made by management.


Trends and Uncertainties

There are no material commitments for capital expenditure at this time. There are no trends, events or uncertainties that have had or are reasonably expected to have a material impact on our limited operations. There are no known causes for any material changes from period to period in one or more line items of OXYS financial statements.


Liquidity and Capital Resources

At March 31, 2017, OXYS had cash and cash equivalents of $573,759.  Its working capital balance at March 31, 2017 was $646,195.  Management believes that OXYS will need additional equity or debt financing to sustain its operations until it can achieve profitability and positive cash flows, if ever.  Management plans to seek additional debt and/or equity financing for OXYS, but cannot assure that such financing will be available on acceptable terms.


OXYS did not pursue any investing activities for the period from inception (August 4, 2016) to March 31, 2017.


For the three months ended March 31, 2017, OXYS had an increase in deferred security exchange agreement expenses of $7,108, and received $141,500 from the issuance of common stock.  As a result, OXYS had net cash provided by financing activities of $134,392 for the period.


OXYS is a development stage company and has not yet begun generating revenues. Management believes we will be able to pursue our business plan once the stock exchange has been completed.


Results of Operations for the Year Ended December 31, 2016


OXYS did not generate any revenues. We paid bank service charges of $82, office supply costs of $100, and organization costs of $1,000. We paid professional fees of $7,162 and travel expenses of $282. As a result, we recorded a net loss of $8,626 for the period from inception (August 4, 2016) to December 31, 2016.




9


Results of Operations for the Three Months Ended March 31, 2017


OXYS did not generate any revenues.  We paid bank service charges of $80, office expenses of $828, and organization costs of $2,275.  We paid professional fees of $26,820 and travel expenses of $1,729.  As a result, we recorded a net loss of $31,732 for the three months ended March 31, 2017.


Plan of Operation


OXYS is in the development stage and has not conducted any material operations to date or received any significant operating revenues.  OXYS may experience problems, delays, expenses and difficulties sometimes encountered by an enterprise in OXYS stage of development, many of which are beyond OXYS control.  These include, but are not limited to, unanticipated problems relating to the employee costs, marketing problems, additional costs and expenses that may exceed current estimates and competition.


OXYS needs to achieve the following milestones during the next twelve months.


MILESTONE

TIME

ESTIMATED COST

Hire principal software engineer

1-3 months

$150,000(1)

Hire principal hardware engineer

1-3 months

$150,000(1)

Hardware contractor costs over next 12 months

1-12 months

$150,000

Software contractor costs

1-12 months

$150,000

Admin support

1-12 months

$30,000

Other reimbursements to OXYS employees

1-12 months

$250,000

Keeping company public for 12 months

1-12 months

$100,000

New office location in North America

6-12 months

$25,000(2)

New office location in EU

6-12 months

$50,000(2)

Other overhead: insurance, rental, operations, equipment leasing, etc.

1-12 months

$100,000

Travel, trade shows and marketing activities

1-12 months

$100,000

Product development material expenses

1-12 months

$100,000

Possible acquisition of revenue-generating companies in related space

1-12 months

$3,000,000


(1)

Estimated twelve month salary

(2)

Estimated expenses for six month period


There can be no assurance that OXYS will be able to generate sufficient revenue to meet these milestones.  As a result, the management of OXYS anticipates that it will require additional financing during the next twelve months.  There can be no assurance that additional financing will be available or that, if available, such financing will be on acceptable terms to enable OXYS to complete its business plan.


Recently Issued Accounting Standards

Management does not believe that any other recently issued, but not yet effective, accounting standard if currently adopted would have a material effect on the accompanying financial statements.


Off balance Sheet Arrangements

None


Disclosure of Contractual Obligations

None




10



CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURES

None.


SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT


The following table sets forth information with respect to the beneficial ownership of OXYS common stock as of June 16, 2017, by (i) each stockholder known by us to be the beneficial owner of more than 5% of OXYS common stock (OXYS only class of voting securities), (ii) each of OXYS directors and executive officers, and (iii) all of OXYS directors and executive officers as a group.  To the best of our knowledge, except as otherwise indicated, each of the persons named in the table has sole voting and investment power with respect to the shares of OXYS common stock beneficially owned by such person, except to the extent such power may be shared with a spouse.  To our knowledge, none of the shares listed below are held under a voting trust or similar agreement, except as noted.  Other than the Share Exchange, to our knowledge, there is no arrangement, including any pledge by any person of securities of the Registrant or any of its parents, the operation of which may at a subsequent date result in a change in control of the Registrant.  This table has been prepared based on 34,687,244 shares outstanding as of June 16, 2017







Name and Address of Beneficial Owner

 

Common Stock Beneficially Owned

 

Percent of Common Stock Beneficially Owned (1)

Giro DiBiase

120 Churchill Rd

Winchester, MA 01890

 

3,000,000

 

8.6%

 

 

 

 

 

Vidhyadhar Mitta

6 Courthouse Ln #6

Chelmsfor, MA 01824

 

1,736,843

 

5.0%

 

 

 

 

 

Nevan Hanumara

92 Spring Hill Rd

Kingston, RI 02881

 

3,000,000

 

8.6%

 

 

 

 

 

All directors and executive officers as a group (3 persons)

 

7,736,843


22.3%

 

 

 

 

 

Nutan Dave

 

3,000,000

 

8.6%

14 Hayward Brook Dr.

Concord, NH 03301

 

 

 

 




11



DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS


Directors and Executive Officers


Below are the names of and certain information regarding the Registrant s executive officers and directors who are to be appointed effective as of the closing of the Share Exchange:









Name

 

Age

 

Position

 

Date Expected to be Named

to Board of Directors/as Executive Officer

Giro DiBiase

 

48

 

Chief Executive Officer, Interim Chief Financial Officer, Director

 

June 30, 2017

Nevan Hanumara

 

35

 

Director, Secretary

 

June 30, 2017

Vidhydhar Mitta

 

45

 

Director

 

June 30, 2017


Directors are elected to serve until the next annual meeting of stockholders and until their successors are elected and qualified.  Directors are elected by a plurality of the votes cast at the annual meeting of stockholders and hold office until the expiration of the term for which he or she was elected and until a successor has been elected and qualified.  


A majority of the authorized number of directors constitutes a quorum of the Board of Directors for the transaction of business. The directors must be present at the meeting to constitute a quorum. However, any action required or permitted to be taken by the Board of Directors may be taken without a meeting if all members of the Board of Directors individually or collectively consent in writing to the action.


The principal occupation and business experience during the past five years for our executive officers and directors is as follows:


Giro DiBiase : Mr. DiBiase has been the Chief Executive Officer, Interim Chief Financial Officer, and director of OXYS since its inception on August 4, 2016.  Since 2016, he has operated as the co-founder and operating member of Cambridge Medspace LLC, a company that provides consulting and advisory services to early stage technology companies as well as providing access to rental office space to those companies.  In his position as co-founder, Mr. DiBiase is responsible for attracting tenants to the space, assisting tenants with infrastructural support, providing tenants with business development and professional networking opportunities, and seeking other sources of revenue for Cambridge Medspace.  Since 1991, Mr. DiBiase has been the owner of Giro and Sons Studio, a full service studio involved in the production, editing and distribution of media in a variety of formats, such as e-learning courseware for major universities in the greater Boston Area.  In his position as owner, Mr. DiBiase is responsible for all aspects of the studio, including content development, employee supervision, business development, customer relations, field events, and profit and loss responsibility.  Mr. DiBiase received a BS from Bentley University School of Business Management in 1991.


Nevan Hanumara : Mr. Hanumara has been a director of OXYS since its inception on August 4, 2016.  Since 2016, he has operated as the co-founder and operating member of Cambridge Medspace LLC, a company that provides consulting and advisory services to early stage technology companies as well as providing access to rental office space to those companies.  In his position as co-founder, Mr. Hanumara is responsible for attracting tenants to the space, assisting tenants with infrastructural support, providing tenants with business development and professional networking opportunities, and seeking other sources of revenue for Cambridge Medspace.  Since 2012, Mr. Hanumara has worked as a research scientist with the Massachusetts Institute of Technology.  In his position as a research scientist, Mr. Hanumara manages various programmatic activities within the mechanical engineering department and is responsible for teaching courses on medical device design, as well as serving as a program mentor for graduate students.  In addition, he engages in various technical and programmatic business and proposal development efforts




12



on behalf of MIT.  Mr. Hanumara received a PhD in Mechanical Engineering from MIT in 2012, an MS in Mechanical Engineering from MIT in 2006, and a BS in Mechanical Engineering and a BA in French from the University of Rhode Island in 2004.


Vidhydhar Mitta: Mr. Mitta has been a director of OXYS since its inception on August 4, 2016.  Since 2000, he has been the founder and president of Synergic Solutions Inc., a software development company that designs custom software for a variety of industries including radio-medicine and associate allied health fields.  In his position as president, Mr. Mitta has responsibility for all aspects of Synergic Solutions including technical program guidance, employee supervision, business development, and profit and loss responsibility.  Mr. Mitta received a BS in Information Science & Technology from BMS College of Engineering in 1995.


Director Independence


We are not currently subject to listing requirements of any national securities exchange or inter-dealer quotation system which has requirements that a majority of the board of directors be independent and, as a result, we are not at this time required to have our Board of Directors comprised of a majority of independent directors.   


Family Relationships

 

There are no family relationships among our Directors or executive officers.

 

Involvement in Certain Legal Proceedings

 

None of our directors or executive officers has been involved in any of the following events during the past ten years:

 

· any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time;


· any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offences);


· being subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his or her involvement in any type of business, securities or banking activities; or


· being found by a court of competent jurisdiction (in a civil action), the Commission or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated.


· being subject of, or party to, any Federal or State judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated, relating to an alleged violation of any Federal or State securities of commodities law or regulation, any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order or any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity


· being subject of or party to any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization, registered entity or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member.




13



Board Committees


The Registrant currently has not established any committees of the Board of Directors.  Our Board of Directors may designate from among its members an executive committee and one or more other committees in the future.  We do not have a nominating committee or a nominating committee charter.  Further, we do not have a policy with regard to the consideration of any director candidates recommended by security holders.  To date, other than as described above, no security holders have made any such recommendations.  The entire Board of Directors performs all functions that would otherwise be performed by committees.  Given the present size of our board it is not practical for us to have committees.  If we are able to grow our business and increase our operations, we intend to expand the size of our board and allocate responsibilities accordingly.


Audit Committee Financial Expert


We have no separate audit committee at this time.  The entire Board of Directors oversees our audits and auditing procedures.  The Board of Directors has at this time not determined whether any director is an audit committee financial expert within the meaning of Item 407(d)(5) for SEC regulation S-K.


Code of Ethics


The Registrant has not yet adopted a code of ethics.  The board of directors anticipates that it will adopt a code of ethics upon completion of the securities exchange, although there is no guarantee that the Registrant will be able to enter into such a transaction.


Compliance with Section 16(a) of the Exchange Act


OXYS common stock is not registered pursuant to Section 12 of the Exchange Act.  Accordingly, the officers, directors and principal shareholders of OXYS are not subject to the beneficial ownership reporting requirements of Section 16(a) of the Exchange Act.


EXECUTIVE COMPENSATION


The following table sets forth information concerning the annual and long term compensation of the OXYS executive officers who served during the fiscal years ended December 31, 2016 and 2015, for services rendered in all capacities. The listed individuals shall hereinafter be referred to as the Named Executive Officers.  Currently, we have no employment agreements with any of our Directors or Officers.  All of our directors are unpaid.  Compensation for the future will be determined when and if additional funding is obtained.


Name and Principal Position

Year

Salary ($)

Bonus ($)

Stock Awards ($)

Option Awards ($)

Non-Equity Incentive Plan Compensation ($)

Non-Qualified Deferred Compensation Earnings

($)

All Other Compensation ($)

Total ($)

Giro DiBiase

2016

0

0

0

0

0

0

0

0

Chief Executive

Officer, Interim

Chief Financial

Officer, Director











14



Compensation Discussion and Analysis


As of the date of this report, OXYS s management anticipates devoting up to 20 hours per week each to the business of OXYS.  OXYS s current officers and directors do not receive any compensation for their services rendered to OXYS, have not received such compensation in the past, and are not accruing any compensation pursuant to any agreement with OXYS.


No retirement, pension, profit sharing, stock option or insurance programs or other similar programs have been adopted by OXYS for the benefit of its employees.


OXYS has not entered into any employment agreements with any of its officers, directors, or other persons, and no such agreements are anticipated in the immediate future.


OXYS has no other executive compensation elements that would require the inclusion of tabular disclosure or narrative discussion.


Board of Directors Compensation


Members of the board of directors may receive an amount yet to be determined annually for their participation and will be required to attend a minimum of four meetings per fiscal year. To date, OXYS has not paid any directors' fees or expenses.



CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS


Certain Relationships and Related Transactions


None.


Director Independence


OXYS s board of directors consists of Giro DiBiase, Vidyadhar Mitta, and Nevan Hanumara. None of them are independent as such term is defined by a national securities exchange or an inter-dealer quotation system.  


MARKET PRICE OF AND DIVIDENDS ON COMMON EQUITY  AND RELATED STOCKHOLDER MATTERS


(a) Market Information.  There currently is no trading market for OXYS common stock. Once the Share Exchange has been completed, the Registrant, which has its common stock quoted on OTCPink under the trading symbol GTHM , will change its trading symbol to be more in line with the new name of the Registrant.


     Holders.  There were approximately 44 record holders of OXYS common stock as of June 16, 2017.  The issued and outstanding shares of OXYS common stock were issued in accordance with the exemptions from registration afforded by Sections 3(b) and 4(2) of the Securities Act and Rule 506 of Regulation D promulgated thereunder.




15



     Dividends.  Holders of OXYS common stock are entitled to receive such dividends as may be declared by its board of directors.  No dividends on OXYS common stock have ever been paid, and OXYS does not anticipate that dividends will be paid on its common stock in the foreseeable future.


     Securities authorized for issuance under equity compensation plans. No securities are authorized for issuance by OXYS under equity compensation plans.


    Performance graph . Not applicable.


    Sale of unregistered securities . None.


(b) Use of Proceeds. Not applicable.


(c) Purchases of Equity Securities by the issuers and affiliated purchasers .  None.


DESCRIPTION OF SECURITIES


Authorized Capital Stock


OXYS has 50,000,000 common shares authorized with a par value of $0.001.  As of the date of this report, OXYS had 34,687,244 common shares outstanding.


Issued and Outstanding Capital Stock


Immediately after the securities exchange becomes effective, OXYS shareholders will transfer all of their OXYS common shares to Gotham Capital Holdings, Inc. in exchange for an aggregate of 34,687,244 newly issued Gotham Capital Holdings, Inc. common shares.  Also upon effectiveness, Carmine Catizone and Pasquale Catizone will transfer an aggregate of 1,500,000 Gotham Capital Holdings, Inc. common shares for cancellation such that neither will retain 5% or more of OXYS voting securities.  Upon the closing of all transactions, OXYS shareholders will hold 34,687,244 Gotham shares, representing 90.2% of the total voting securities.


Description of our Common Stock


The holders of outstanding common shares are entitled to receive dividends out of assets or funds legally available for the payment of dividends of such times and in such amounts as the board from time to time may determine. Holders of common stock are entitled to one vote for each share held on all matters submitted to a vote of stockholders. There is no cumulative voting of the election of directors then standing for election. The common shares are not entitled to pre-emptive rights and are not subject to conversion or redemption. Upon liquidation, dissolution or winding up of OXYS, the assets legally available for distribution to stockholders are distributable ratably among the holders of the common shares after payment of liquidation preferences, if any, on any outstanding payment of other claims of creditors. Each outstanding common share is duly and validly issued, fully paid and non-assessable.


Convertible Securities


As of the date hereof, OXYS does not have any outstanding convertible securities.

 

Transfer Agent


OXYS transfer agent is Interwest Transfer Company.  The transfer agent s address is 1981 E. Murray Holladay Rd #100, Salt Lake City, UT 84117 and its telephone number is (801) 272-9294.





16



LEGAL PROCEEDINGS


From time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm business.


We are currently not aware of any pending legal proceedings to which we are a party or of which any of our property is the subject, nor are we aware of any such proceedings that are contemplated by any governmental authority.


INDEMNIFICATION OF DIRECTORS AND OFFICERS


The Nevada Private Corporation Law and our Articles of Incorporation allow us to indemnify our officers and directors from certain liabilities and our By-Laws state that we shall indemnify every (i) present or former director or officer of us, (ii) any person who while serving in any of the capacities referred to in clause (i) served at our request as a director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic corporation, partnership, joint venture, trust, employee benefit plan or other enterprise, and (iii) any person nominated or designated by (or pursuant to authority granted by) the Board of Directors or any committee thereof to serve in any of the capacities referred to in clauses (i) or (ii) (each an Indemnitee ).


Our By-Laws provide that we shall indemnify an Indemnitee against all judgments, penalties (including excise and similar taxes), fines, amounts paid in settlement and reasonable expenses actually incurred by the Indemnitee in connection with any proceeding in which he was, is or is threatened to be named as defendant or respondent, or in which he was or is a witness without being named a defendant or respondent, by reason, in whole or in part, of his serving or having served, or having been nominated or designated to serve, if it is determined that the Indemnitee (a) conducted himself in good faith, (b) reasonably believed, in the case of conduct in his official capacity, that his conduct was in our best interests and, in all other cases, that his conduct was at least not opposed to our best interests, and (c) in the case of any criminal proceeding, had no reasonable cause to believe that his conduct was unlawful; provided, however, that in the event that an Indemnitee is found liable to us or is found liable on the basis that personal benefit was improperly received by the Indemnitee, the indemnification (i) is limited to reasonable expenses actually incurred by the Indemnitee in connection with the proceeding and (ii) shall not be made in respect of any proceeding in which the Indemnitee shall have been found liable for willful or intentional misconduct in the performance of his duty to us.


Other than in the limited situation described above, our By-Laws provide that no indemnification shall be made in respect to any proceeding in which such Indemnitee has been (a) found liable on the basis that personal benefit was improperly received by him, whether or not the benefit resulted from an action taken in the Indemnitee s official capacity, or (b) found liable to us. The termination of any proceeding by judgment, order, settlement or conviction, or on a plea of nolo contendere or its equivalent, is not of itself determinative that the Indemnitee did not meet the requirements set forth in clauses (a) or (b) above. An Indemnitee shall be deemed to have been found liable in respect of any claim, issue or matter only after the Indemnitee shall have been so adjudged by a court of competent jurisdiction after exhaustion of all appeals therefrom. Reasonable expenses shall, include, without limitation, all court costs and all fees and disbursements of attorneys for the Indemnitee. The indemnification provided shall be applicable whether or not negligence or gross negligence of the Indemnitee is alleged or proven.


Other than discussed above, none of our By-Laws, our Articles of Incorporation or any indemnification agreement with any director of the Registrant includes any specific indemnification provisions for our officers or directors against liability under the Securities Act. Additionally, insofar as indemnification for liabilities arising under the Securities 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 SEC, such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.


17


 

Item 3.02   Unregistered Sales of Equity Securities


All share and per share stock numbers in this section are after giving effect to the Share Exchange, which is anticipated to be completed June 30, 2017, in which the Registrant will acquire 100% of the issued voting shares of OXYS in exchange for 34,687,244 of the Registrant s common shares. The 34,687,244 common shares to be issued consist wholly of securities exempt from registration under the Securities Act of 1933.  The share consideration to be paid by the Registrant to the OXYS shareholders will represent 90.2% of our issued voting equity on a fully diluted basis following closing.  Our acquisition of OXYS is an arm's length transaction. No transactions, corporate events, negotiations, contacts, or conflicts of interest occurred between the Registrant and OXYS outside of this agreement during the past two years.  There are no legal proceedings related to the agreement, and there are no further regulatory requirements connected to the agreement.  


This transaction was exempt from registration under Rule 506(b) of Regulation D as not involving any public offering.  None of the securities were sold through an underwriter and, accordingly, there were no underwriting discounts or commissions involved.


Item 5.01  Changes in Control of Registrant.


The information regarding change of control of the Registrant in connection with the Share Exchange set forth in Item 2.01, Completion of Acquisition or Disposition of Assets The Share Exchange and Related Transactions is incorporated herein by reference.


Item 5.02  Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.


The information regarding departure and election of directors and departure and appointment of principal officers of the Registrant in connection with the Share Exchange set forth in Item 2.01, Completion of Acquisition or Disposition of Assets is incorporated herein by reference.


Item 5.06   Change in Shell Company Status.


Prior to the Share Exchange, we were a shell company (as such term is defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended (the Exchange Act )).  As a result of the Share Exchange, we have ceased to be a shell company.  The information contained in this document constitutes the current Form 10 information necessary to satisfy the conditions contained in Rule 144(i)(2) under the Securities Act of 1933, as amended (the Securities Act ).


Item 9.01  Financial Statements and Exhibits.


(a)  Financial statements of business acquired.


The audited financial statements and accompanying notes for OXYS Corp. for the period from inception (August 4, 2016) through December 31, 2016 and the unaudited financial statements for the three months ended March 31, 2017 have been provided starting on page 20.


(b)  Pro forma financial information.


Unaudited pro forma financial information as of December 31, 2016 and March 31, 2017and the accompanying notes have been provided starting on page 39.



18



(d)  Exhibits


In reviewing the agreements included or incorporated by reference as exhibits to this Form 8-K, please remember that they are included to provide you with information regarding their terms and are not intended to provide any other factual or disclosure information about the Registrant or the other parties to the agreements. The agreements may contain representations and warranties by each of the parties to the applicable agreement. These representations and warranties have been made solely for the benefit of the parties to the applicable agreement and:


should not in all instances be treated as categorical statements of fact, but rather as a way of allocating the risk to one of the parties if those statements prove to be inaccurate;

have been qualified by disclosures that were made to the other party in connection with the negotiation of the applicable agreement, which disclosures are not necessarily reflected in the agreement;

may apply standards of materiality in a way that is different from what may be viewed as material to you or other investors; and

were made only as of the date of the applicable agreement or such other date or dates as may be specified in the agreement and are subject to more recent developments.


Accordingly, these representations and warranties may not describe the actual state of affairs as of the date they were made or at any other time. Additional information about the Registrant may be found elsewhere in this Form 8-K and the Registrant s other public filings, which are available without charge through the SEC s website at http://www.sec.gov.





Exhibit 

Number

 


Description

2.1

 

Share Exchange Agreement dated March 16, 2017, by and among Gotham Capital Holdings, Inc., OXYS Corp. and the Shareholders of OXYS Corp.

99.1

 

Consulting agreement with Pasquale Catizone dated June 15, 2017







19











OXYS Corporation


Financial Statements



For the period from inception (August 4, 2016) to December 31, 2016


And for the three months ended March 31, 2017


















20



Report of Independent Registered Public Accounting Firm


To the Board of Directors and Stockholders

OXYS Corporation

705 Cambridge Street

Cambridge, MA 02142


We have audited the accompanying balance sheet of OXYS Corporation as of December 31, 2016, and the related  statements of operations, stockholders' equity, and cash flows for the period from inception (August  4, 2016) to December 31, 2016.  OXYS Corporation's management is responsible for these financial statements.  Our responsibility is to express an opinion on these financial statements based on our audits.


We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States).  Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control over financial reporting.  Accordingly, we express no such opinion.  An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.  An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.  We believe that our audit provides a reasonable basis for our opinion.


In our opinion,  the financial  statements  referred to above present fairly, in all material respects, the financial position of OXYS Corporation as of December 31, 2016, and the results of their operations and their cash flows for the period from inception (August 4, 2016) to December 31, 2016, in conformity with accounting principles generally accepted in the United States of America.


/s/ Connolly, Grady & Cha, P.C.

Certified Public Accountants

Philadelphia, Pennsylvania

April 27, 2017


21



OXYS Corporation

Balance Sheet

December 31, 2016



December 31, 2016

       Assets


Current Assets

  Cash and cash equivalents

$481,841

  Cash - escrow

52,659

  Inventory

10,035

    Total Current Assets

544,535



Total Assets

$544,535



       Liabilities and Stockholders' Equity

Current Liabilities

  Due to stockholder

1,000

    Total Current Liabilities

1,000



Stockholders' Equity

  Common stock $0.001 par value, 50,000,000 shares authorized: 33,197,769 shares issued and outstanding at December 31, 2016

9,957

  Additional paid in capital

542,204

  Accumulated deficit

(8,626)



Total Stockholders' Equity

543,535

Total Liabilities and Stockholders' Equity

$544,535


See accompanying notes to financial statements.



22



OXYS Corporation

Statement of Operations

For the Period from Inception (August 4, 2016)

To December 31, 2016



For the period from inception (August 4, 2016) to December 31, 2016

Revenues

  Sales

$           0

  Cost of sales

0

  Gross profit

0



Expenses


  Bank service charges

82

  Office supplies

100

  Organization costs

1,000

  Professional

7,162

  Travel

282

    Total Expense

8,626



Net (loss) from operations

(8,626)



Income Tax Benefit

0



Net Loss

$   (8,626)



Loss per common share

(0.0003)


See accompanying notes to financial statements.


23



OXYS Corporation

Statement of Cash Flows

For the Period from Inception (August 4, 2016)

To December 31, 2016



For the period from inception (August 4, 2016) to December 31, 2016

Cash Flows from Operating Activities:

  Net (loss)

$  (8,626)

  Adjustments to reconcile net loss to net cash (used in) operating activities:

    Changes in operating assets and liabilities:

     (Increase) decrease in:

      Inventory

(10,035)

      Escrow

(52,659)

     Increase (decrease) in:

      Due to stockholder

1,000

  Net Cash (Used In) Operating Activities

(70,320)



Cash Flows from Financing Activities:

  Issuance of common stock

552,161

 Net Cash Provided by Financing Activities

552,161



Net Increase in Cash and Cash Equivalents

481,841



Cash and Cash Equivalents at Beginning of Period

0



Cash and Cash Equivalents at End of Period

$ 481,841



Supplemental Information:

  Interest paid during the period

$             0

  Taxes paid during the period

$             0


See accompanying notes to financial statements.



24



OXYS Corporation

Statement of Changes in Stockholders Equity

For the Period from Inception (August 4, 2016)

To December 31, 2016



Common Stock

Additional Paid-In

Accumulated

Total Stockholders'


Shares

Amount

Capital

(Deficit)

Equity

Balances, August 4, 2016

0

$       0

$           0

$         0

$          0







Issuance of common stock at $1.00 per share

9,161

9

9,152

0

9,161







Stock split 3,000 shares for 1 share October 8, 2016 par $0.001

27,472,819

8,233

(8,233)

0

0







Issuance of common stock at $0.095 per share

5,715,789

1,715

541,285

0

543,000







Net (loss)

0

0

0

(8,626)

(8,626)







Balances, December 31, 2016

33,197,769

$9,957

$542,204

$(8,626)

$543,535


See accompanying notes to financial statements.


25



OXYS Corporation

Notes to Financial Statements

December 31, 2016


1.  NATURE OF OPERATIONS


Oxys Corporation (the "Company") was incorporated on August 4, 2016 in Nevada. It maintains its principal office in Massachusetts at 705 Cambridge St., Cambridge, MA 02142.


The Company is currently considered a development stage company as referred in ASU 2014-10 Development Stage Entities (Topic 915).  The Company is currently devoting substantially all its efforts in identifying, developing and marketing engineered products, software and services for applications in the Industrial Internet which involves collecting and processing data collected from a wide variety of industrial systems and machines.


Subsequent Events


The Company has evaluated events and transactions occurring subsequent to December 31, 2016, for items that should potentially be recognized or disclosed in these financial statements.  The evaluation was conducted through April 27, 2017, the date these financial statements were issued.


2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


Basis of Presentation


The Company's financial statements are prepared on the accrual method of accounting. The accounting and reporting policies of the Company conform with generally accepted accounting principles (GAAP).


Use of Estimates


Management uses estimates and assumptions in preparing these financial statements in accordance with generally accepted accounting principles. These estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported revenues and expenses during the reporting period. Actual results could vary from the estimates that were used.


Fair Value of Financial Instruments


The fair value of certain of our financial instruments including cash and cash equivalents, cash escrow due to stockholder approximate their carrying amounts because of the short-term maturity of these instruments.


Income Taxes


The Company accounts for income taxes in accordance with FASB ASC 740, Income Taxes, which requires the recognition of deferred income taxes for differences between the basis of assets and liabilities for financial statement and income tax purposes. Deferred taxes are recognized for operating losses that are available to offset future taxable income. Valuation allowances are established to reduce deferred tax assets to the amount expected to be realized.


The Company adopted the provisions of FASB ASC 740-10-25, which prescribes a recognition threshold and measurement attribute for the recognition and measurement of tax positions taken or expected to be taken in income tax returns.  FASB ASC 740-10-25 also provides guidance on de recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, and




26



accounting for interest and penalties associated with tax positions. The Company's tax returns are subject to tax examinations by U.S. federal and state authorities until respective statute of limitation. Currently, the 2016 tax year is open and subject to examination by taxing authorities. However, the Company is not currently under audit nor has the Company been contacted by any of the taxing authorities. The Company does not have any accruals for uncertain tax positions as of December 31, 2016.  It is not anticipated that unrecognized tax benefits would significantly increase or decrease within 12 months of the reporting date.


Cash and Cash Equivalents


For purposes of the statement of cash flows, the Company considers all unrestricted highly liquid investments with an original maturity of three months or less to be cash equivalents.


Concentration of Risk


Financial instruments that potentially expose us to concentrations of risk consist primarily of cash and cash equivalents and cash-escrow, which are generally not collateralized.  Our policy is to place our cash and cash equivalents with high quality financial institutions, in order to limit the amount of credit exposure. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (FDIC), up to $250,000. At December 31, 2016, the Company had $231,841 in excess of the FDIC insurance limit.


Inventory


Inventory consists primarily of demo equipment and is recorded at the lower of cost (first-in, first out method) or market all work in progress.


3.   RECENT ACCOUNTING PRONOUNCEMENTS


Earnings (Loss) Per Share

The Company computes net earnings (loss) per share under Accounting Standards Codification subtopic 260-10, "Earnings Per Share" ("ASC 260-1 O").  Basic earnings or loss per share ("EPS") is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding for the period.


In May 2016, accounting guidance was issued to clarify the not yet effective revenue recognition guidance issued in May 2014.  This additional guidance does not change the core principle of the revenue recognition guidance issued in May 2014, rather, it provides clarification of accounting for collections of sales taxes as well as recognition of revenue (i) associated with contract modifications, (ii) for noncash consideration, and (iii) based on the collectability of the consideration from the customer.  The guidance also specifies when a contract should be considered "completed" for purposes of applying the transition guidance. The effective date and transition requirements for this guidance are the same as the effective date and transition requirements for the guidance previously issued in 2014, which is effective for interim and annual periods beginning on or after December 15, 2017.  The Company has not yet determined the impact that this new guidance will have on its consolidated financial statements.


In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.  The amendments in this update change existing guidance related to accounting for employee share-based payments affecting the income  tax  consequences  of awards,  classification  of awards  as  equity  or  liabilities,  and classification on the statement of cash flows. ASU 2016-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within those annual periods, with early adoption permitted.  The Company is currently evaluating the potential impact of the adoption of this standard.



27



In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The new standard establishes a right-of-use ("ROU") model that requires a lessee to record a ROU asset and a lease liability on the consolidated balance sheet for all leases with terms longer than 12 months.  Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the consolidated income statement.  ASU 2016-02 is effective for annual periods beginning after December 15, 2018, including interim periods within those annual periods, with early adoption permitted.  A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The Company is currently evaluating the potential impact of the adoption of this standard.


In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities.  The amendments in this update revise the accounting related to the classification and measurement of investments in equity securities and the presentation of certain fair value changes for financial liabilities measured at fair value.  The amendments are effective for annual reporting periods after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted.  The Company is currently evaluating the potential impact of the adoption of this standard.


In April 2015, the FASB issued ASU 2015-03, Interest- Imputation of Interest (Subtopic 835-30). This guidance is to simplify the presentation of debt issuance costs by recognizing a debt liability in the balance sheet as a direct deduction from that debt liability consistent with the presentation of a debt discount. The amendments in this update are effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years.  The Company has adopted this standard and the adoption did not have a material impact on the Company's financial position.


In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements - Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern, which is intended to define management's responsibility to evaluate whether there is substantial doubt about an organization's ability to continue as a going concern within one year after the date that the financial statements are issued (or within one year after the date that the financial statements are available to be issued when applicable) and to provide related footnote disclosures. The ASU provides guidance to an organization's management, with principles and definitions that are intended to reduce diversity in the timing and content of disclosures that are commonly provided by organizations today in the financial statement footnotes. The ASU is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016, which for the Company is April 1, 2017.  Early adoption is permitted.  The adoption of this standard will not have a material impact on the Company's financial position or results of operations.  The amendments also clarify that the guidance in Topic 275, Risks and Uncertainties, is applicable to entities that have not commenced planned principal operations.  The central feature of the guidance on disclosure requirements is that required disclosures are limited to matters significant to a particular entity.  The disclosures focus primarily on risks and uncertainties that could significantly affect the amounts reported in the financial statements in the near term or the near-term functioning of the reporting entity.


Other Accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption.  The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.




28



4.  INCOME TAXES


The Company is subject to federal and state income taxes.


The Company's provision for income taxes for the period from inception (August 4, 2016) to December 31, 2016 consists of the following:


Income Tax Expense (Benefit)

For the period from inception (August 4, 2016) to December 31, 2016

  Current federal tax expense

   Federal

$0

   State

 0

  Deferred tax (benefit)

   Federal

$0

   State

 0

 Total

$0


The provision for income taxes for the period from inception (August 4, 2016) to December 31, 2016 differs from that computed  by applying federal statutory rates to income before federal income tax expense, as indicated in the following analysis:



For the period from inception (August 4, 2016) to December 31, 2016

Expected federal tax (benefit) at 34% rate

$(2,933)

Valuation allowance

2,933

Total income tax (benefit)

$          0



Effective tax rate (benefit)

0.00%


A summary of deferred tax assets and liabilities for the period from inception (August 4, 2016) to December 31, 2016 is as follows:



For the period from inception (August 4, 2016) to December 31, 2016

Deferred tax assets:

  Federal tax loss carryforward

$    2,933

   Total deferred tax assets

2,933



  Valuation allowance

(2,933)



Net Deferred Tax Assets

$           0




29


Management assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to use the existing deferred tax assets.  A significant piece of objective negative evidence evaluated was the cumulative loss incurred since inception.  Such objective evidence limits the ability to consider other subjective evidence such as our projections for future growth.


On the basis of this evaluation, as of December 31, 2016, a valuation allowance of ($2,933) has been recorded to record only the portion of the deferred tax asset that is more likely than not to be realized. The amount of the deferred tax asset considered realizable, however, could be adjusted if estimates of future taxable income during the carryforward period are reduced or increased or if objective negative evidence in the form of cumulative losses is no longer present and additional weight may be given to subjective evidence such as our projections for growth.


As of December 31, 2016, the Company had approximately $8,626 federal and state net operating loss carryforwards, which result in a deferred tax asset of $2,933, expiring in 2036.  The Company has recorded a valuation allowance of $2,933.


5.  STOCKHOLDERS' EQUITY


Common Stock


The Company's original Certificate of Incorporation authorized the Company to issue 10,000 shares of common stock, par value $0.001 per share.  On October 7, 2016, a board resolution was passed that authorized the number of shares to be increased to 50,000,000 shares.  On October 8, 2016, a board resolution was passed that authorized a forward split 3,000 to 1.


6.  EARNINGS PER SHARE


The following table sets forth the composition of the weighted average shares (denominator) used in the basic per share computation for the period from inception (August 4, 2016) to December 31, 2016.



For the period from inception (August 4, 2016) to December 31, 2016

Net Loss

$    (8,626)



Weighted average share outstanding basic

31,768,822



Basic loss per share

$  0.0003


30

OXYS Corporation

Balance Sheets

As of March 31, 2017 and December 31, 2016

(Unaudited)






March 31, 2017


December 31, 2016

Assets




Current Assets




Cash and cash equivalents

$         573,759


$         481,841

Cash - Escrow

64,359


52,659

Inventory

11,373


10,035

Total Current Assets

649,491


544,535





Other Assets




Deferred Securities Exchange Agreement Costs

7,108


0

Total Other Assets

7,108


0





Total Assets

$         656,599


$         544,535





Liabilities and Stockholders' Equity




Current Liabilities




Accounts Payable

2,296


-

Due to stockholder

1,000


1,000

Total Current Liabilities

3,296


1,000





Stockholders' Equity




Common stock $0.001 par value, 50,000,000 shares authorized: 34,687,243 issued and outstanding at March 31, 2017; 33,197,769 shares issued and outstanding at December 31, 2016

10,405


9,957

Additional paid in capital

683,255


542,204

Accumulated deficit

(40,357)


(8,626)





Total Stockholders' Equity

653,303


543,535

Total Liabilities and Stockholders' Equity

$         656,599


$         544,535


See accompanying notes to the unaudited financial statements

 

31

OXYS Corporation

Statement of Operations

For the Three Months Ending March 31, 2017

(Unaudited)





Three Months Ending March 31, 2017

Revenues


Sales

$              0

Cost of sales

0

Gross profit

0



Expenses


Bank service charges

80

Office expenses

828

Organization costs

2,275

Professional

26,820

Travel

1,729

Total Expenses

31,732


 

Net (loss) from operations

(31,732)



Income Tax Benefit

0



Net Loss

($31,732)



Loss per common share

(0.0009)


See accompanying notes to the unaudited financial statements

 

32


OXYS Corporation

Statement of Cash Flows

For the Three Months Ending March 31, 2017

(Unaudited)






Three months ended March 31, 2017



Cash Flows from Operating Activities:


Net (loss)

$   (31,732)



Adjustments to reconcile net loss to net cash (used) by operating activities:



Changes in operating assets and liabilities:


(Increase) decrease in:


Inventory

(1,338)

Escrow

(11,700)

Increase (Decrease) in:


Accounts Payable

2,296

Due to Stockholder

-



Net Cash (Used) by Operating Activities

(42,474)



Cash Flows from Financing Activities:


Increase in Deferred Security Exchange Agreement Expenses

(7,108)

Issuance of Common Stock

141,500



Net Cash Provided by Financing Activities

134,392



Net Increase in Cash and Cash Equivalents

91,918



Cash and Cash Equivalents at Beginning of Period

481,841



Cash and Cash Equivalents at End of Period

$        573,759



Supplemental Information:




Interest paid during the period

$                   -



Taxes paid during the period

$                   -


See accompanying notes to the unaudited financial statements


33



OXYS Corporation

Notes to Unaudited Financial Statements

March 31, 2017


1.  NATURE OF OPERATIONS


Oxys Corporation (the "Company") was incorporated on August 1, 2014 in Nevada. It maintains its principal office in Massachusetts at 705 Cambridge St., Cambridge, MA 02142.


The Company is currently considered a development stage company as referred to in ASU 2014-10 Development Stage Entities (Topic 915).  The Company is currently devoting substantially all its efforts in identifying, developing and marketing engineered products, software and services for applications in the Industrial Internet which involves collecting and processing data collected from a wide variety of industrial systems and machines.


Subsequent Events


The Company has evaluated events and transactions occurring subsequent to March 31, 2017, for items that should potentially be recognized or disclosed in these financial statements.  The evaluation was conducted through May 26, 2017, the date these financial statements were issued.


2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


Basis of Presentation


The Company's financial statements are prepared on the accrual method of accounting. The accounting and reporting policies of the Company conform with generally accepted accounting principles (GAAP).


Use of Estimates


Management uses estimates and assumptions in preparing these financial statements in accordance with generally accepted accounting principles. These estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported revenues and expenses during the reporting period. Actual results could vary from the estimates that were used.


Fair Value of Financial Instruments


The fair value of certain of our financial instruments including cash and cash equivalents, cash escrow due to stockholder approximate their carrying amounts because of the short-term maturity of these instruments.


Income Taxes


The Company accounts for income taxes in accordance with FASB ASC 740, Income Taxes, which requires the recognition of deferred income taxes for differences between the basis of assets and liabilities for financial statement and income tax purposes. Deferred taxes are recognized for operating losses that are available to offset future taxable income. Valuation allowances are established to reduce deferred tax assets to the amount expected to be realized.


The Company adopted the provisions of FASB ASC 740-10-25, which prescribes a recognition threshold and measurement attribute for the recognition and measurement of tax positions taken or expected to be taken in income tax returns.  FASB ASC 740-10-25 also provides guidance on de recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, and accounting for interest and penalties associated with tax positions. The Company's tax returns are subject to




34



tax examinations by U.S. federal and state authorities until respective statute of limitation. Currently, the 2016 tax year is open and subject to examination by taxing authorities. However, the Company is not currently under audit nor has the Company been contacted by any of the taxing authorities. The Company does not have any accruals for uncertain tax positions as of March 31, 2017.  It is not anticipated that unrecognized tax benefits would significantly increase or decrease within 12 months of the reporting date.


Cash and Cash Equivalents


For purposes of the statement of cash flows, the Company considers all unrestricted highly liquid investments with an original maturity of three months or less to be cash equivalents.


Concentration of Risk


Financial instruments that potentially expose us to concentrations of risk consist primarily of cash and cash equivalents and cash-escrow, which are generally not collateralized.  Our policy is to place our cash and cash equivalents with high quality financial institutions, in order to limit the amount of credit exposure. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (FDIC), up to $250,000. At March 31, 2017, the Company had $323,759 in excess of the FDIC insurance limit.


Inventory


Inventory consists primarily of demo equipment and is recorded at the lower of cost (first-in, first out method) or market all work in progress.


3.   RECENT ACCOUNTING PRONOUNCEMENTS


Earnings (Loss) Per Share

The Company computes net earnings (loss) per share under Accounting Standards Codification subtopic 260-10, "Earnings Per Share" ("ASC 260-1 O").  Basic earnings or loss per share ("EPS") is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding for the period.


In May 2016, accounting guidance was issued to clarify the not yet effective revenue recognition guidance issued in May 2014.  This additional guidance does not change the core principle of the revenue recognition guidance issued in May 2014, rather, it provides clarification of accounting for collections of sales taxes as well as recognition of revenue (i) associated with contract modifications, (ii) for noncash consideration, and (iii) based on the collectability of the consideration from the customer.  The guidance also specifies when a contract should be considered "completed"  for purposes of applying the transition guidance. The effective date and transition requirements for this guidance are the same as the effective date and transition requirements for the guidance previously issued in 2014, which is effective for interim and annual periods beginning on or after December 15, 2017.  The Company has not yet determined the impact that this new guidance will have on its consolidated financial statements.


In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.  The amendments in this update change existing guidance related to accounting for employee share-based payments affecting the income  tax  consequences  of awards,  classification  of awards  as  equity  or  liabilities,  and classification on the statement of cash flows. ASU 2016-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within those annual periods, with early adoption permitted.  The Company is currently evaluating the potential impact of the adoption of this standard.




35


In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The new standard establishes a right-of-use ("ROU") model that requires a lessee to record a ROU asset and a lease liability on the consolidated balance sheet for all leases with terms longer than 12 months.  Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the consolidated income statement.  ASU 2016-02  is effective for annual periods beginning after December 15, 2018, including interim periods within those annual periods, with early adoption permitted.  A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The Company is currently evaluating the potential impact of the adoption of this standard.


In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities.  The amendments in this update revise the accounting related to the classification and measurement of investments in equity securities and the presentation of certain fair value changes for financial liabilities measured at fair value.  The amendments are effective for annual reporting periods after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted.  The Company is currently evaluating the potential impact of the adoption of this standard.


In April 2015, the FASB issued ASU 2015-03, Interest- Imputation of Interest (Subtopic 835-30). This guidance is to simplify the presentation of debt issuance costs by recognizing a debt liability in the balance sheet as a direct deduction from that debt liability consistent with the presentation of a debt discount. The amendments in this update are effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years.  The Company has adopted this standard and the adoption did not have a material impact on the Company's financial position.


In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements - Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern, which is intended to define management's responsibility to evaluate whether there is substantial doubt about an organization's ability to continue as a going concern within one year after the date that the financial statements are issued (or within one year after the date that the financial statements are available to be issued when applicable) and to provide related footnote disclosures. The ASU provides guidance to an organization's management, with principles and definitions that are intended to reduce diversity in the timing and content of disclosures that are commonly provided by organizations today in the financial statement footnotes. The ASU is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016, which for the Company is April 1, 2017.  Early adoption is permitted.  The adoption of this standard will not have a material impact on the Company's financial position or results of operations.  The amendments also clarify that the guidance in Topic 275, Risks and Uncertainties, is applicable to entities that have not commenced planned principal operations.  The central feature of the guidance on disclosure requirements is that required disclosures are limited to matters significant to a particular entity.  The disclosures focus primarily on risks and uncertainties that could significantly affect the amounts reported in the financial statements in the near term or the near-term functioning of the reporting entity.


Other Accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption.  The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.




36



4.  INCOME TAXES


The Company is subject to federal and state income taxes.


The Company's provision for income taxes for the period from inception (August 4, 2016) to December 31, 2016 consists of the following:


Income Tax Expense (Benefit)

For the three months ending March 31, 2017

For the period from inception (August 4, 2016) to December 31, 2016


  Current federal tax expense

   Federal

$0

$0

   State

 0

 0


  Deferred tax (benefit)

   Federal

$0

$0

   State

 0

 0

 Total

$0

$0


The provision for income taxes for the three months ending March 31, 2017 and for the period from inception (August 4, 2016) to December 31, 2016 differs from that computed  by applying federal statutory rates to income before federal income tax expense, as indicated in the following analysis:



For the three months ending March 31, 2017

For the period from inception (August 4, 2016) to December 31, 2016

Expected federal tax (benefit) at 34% rate

$(10,789)

$(2,933)

Valuation allowance

10,789

2,933

Total income tax (benefit)

$          0

$          0




Effective tax rate (benefit)

0.00%

0.00%


A summary of deferred tax assets and liabilities for the three months ending March 31, 2017 and for the period from inception (August 4, 2016) to December 31, 2016 is as follows:



For the three months ending March 31, 2017

For the period from inception (August 4, 2016) to December 31, 2016

Deferred tax assets:


  Federal tax loss carryforward

$    13,722

$    2,933

   Total deferred tax assets

13,722

2,933




  Valuation allowance

(13,722)

(2,933)




Net Deferred Tax Assets

$           0

$           0




37


Management assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to use the existing deferred tax assets.  A significant piece of objective negative evidence evaluated was the cumulative loss incurred since inception.  Such objective evidence limits the ability to consider other subjective evidence such as our projections for future growth.


On the basis of this evaluation, as of March 31, 2017, a valuation allowance of ($13,722) has been recorded to record only the portion of the deferred tax asset that is more likely than not to be realized. The amount of the deferred tax asset considered realizable, however, could be adjusted if estimates of future taxable income during the carryforward period are reduced or increased or if objective negative evidence in the form of cumulative losses is no longer present and additional weight may be given to subjective evidence such as our projections for growth.


As of March 31, 2017, the Company had approximately $40,358 federal and state net operating loss carryforwards, which result in a deferred tax asset of $13,722, expiring in 2036.  The Company has recorded a valuation allowance of $13,722.


5.  STOCKHOLDERS' EQUITY


Common Stock


The Company's original Certificate of Incorporation authorized the Company to issue 10,000 shares of common stock, par value $0.001 per share.  On October 7, 2016, a board resolution was passed that authorized the number of shares to be increased to 50,000,000 shares.  On October 8, 2016, a board resolution was passed that authorized a forward split 3,000 to 1.


6.  EARNINGS PER SHARE


The following table sets forth the composition of the weighted average shares (denominator) used in the basic per share computation for the three months ending March 31, 2017 and for the period from inception (August 4, 2016) to December 31, 2016.



For the three months ending March 31, 2017

For the period from inception (August 4, 2016) to December 31, 2016

Net Loss

$    (31,732)

$    (8,626)




Weighted average share outstanding basic

34,213,091

31,768,822




Basic loss per share

$  0.0009

$  0.0003


 





38



Pro Forma Financial Information


PRO FORMA CONDENSED COMBINED BALANCE SHEET

[ Unaudited ]


December 31, 2016




Gotham Capital Holdings, Inc. 12/31/2016 (Company)

OXYS Corporation 12/31/2016 (OXYS)

Pro Forma Increase (Decrease)

Pro Forma Combined

Assets:





 Cash

$39,646

$481,841

$(C) (39,646)

$481,841

 Cash in escrow

-

52,659

-

52,659

 Inventory

-

10,035

-

10,035

 Investment in subsidiary

-

-

(A) 34,687





(B) (34,687)


Total Assets

$39,646

$544,535

$   (39,646)

$544,535






Liabilities and Stockholders' (Deficit)


Liabilities:




 Accounts payable

$ 30,168

$      -

$ (C) (30,168)

$     -

 Accrued expenses

12,950

-

(C) (12,950)

-

 Due to stockholders

-

1,000

-

1,000

Total Liabilities

43,118

1,000

(43,118)

1,000






Stockholders' (Deficit)



 Common Stock

5,266

9,957

(A) 34,687

38,453




(B) (9,957)

-




(C) (1,500)

-

 Additional paid in capital

781,375

542,204

(B) (814,843)

513,708




(C) 4,972


 Accumulated deficit

(790,113)

(8,626)

(B) 790,113

(8,626)

Total Stockholders' (Deficit)

(3,472)

543,535

3,472

543,535

Total Liabilities and Stockholders' (Deficit)

$ 39,646

$544,535

$    (39,646)

$544,535


A.

To record the issuance of 34,687,244 shares of common stock pursuant to the Securities Exchange Agreement.

B.

To eliminate the common stock accounts of OXYS and the prior retained earnings of the Company.

C.

To record the cancellation of 1,500,000 shares of common stock from shareholders of Gotham and the elimination of other residual balances of Gotham.


See Notes To Unaudited Pro Forma Condensed Financial Statements.


39



PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS


[ Unaudited ]



Gotham Capital Holdings, Inc. for the year ended 12/31/2016 (Company)

OXYS Corporation for the period 8/4/2016 to 12/31/2016 (OXYS)

Pro Forma Increase (Decrease)

Pro Forma Combined

Revenue

$      -

$      -

$   -

$      -






Expenses:




 General and administrative

1,593

1,464

-

3,057

 Professional fees

30,523

7,162

-

37,685

Total Expenses

32,116

8,626

-

40,742






Income (Loss) from Operations

(32,116)

(8,626)

-

(40,742)






Other Income (Expense)



 Miscellaneous income

20,000

-

-

20,000

 Interest income

23

-

-

23

Total Other Income (Expense)

20,023

-

-

20,023






Income (Loss) from Operations Before Provision for Taxes

(12,093)

(8,626)

-

(20,719)






Provision for Income Taxes

-

-

-

-






Income (Loss) from Continuing Operations

(12,093)

(8,626)

-

(20,719)






Discontinued Operations

-

-

-

-






Net Income (Loss)

$(12,093)

$ (8,626)

$    -

$(20,719)

Basic Net (Loss) per Common Share (Note 4)

(0.0005)


See Notes To Unaudited Pro Forma Condensed Financial Statements.



40



GOTHAM CAPITAL HOLDINGS, INC.

AND OXYS CORPORATION


NOTES TO PROFORMA CONDENSED COMBINED FINANCIAL STATEMENTS


[Unaudited]


NOTE 1 GOTHAM CAPITAL HOLDINGS, INC.


Gotham Capital Holdings Inc. (the Company ) was incorporated in the State of New Jersey on October 1, 2003 under the name Creative Beauty Supply of New Jersey Corporation and subsequently changed its name to Gotham Capital Holdings, Inc. on May 18, 2015. On January 1, 2004, the Company commenced operations in the beauty supply industry at both the wholesale and retail levels. On November 30, 2007, the Company s Board of Directors approved of a plan to dispose of its wholesale and retail beauty supply business. As of January 1, 2009, the Company has had no operations and is a shell company.


NOTE 2 OXYS CORPORATION


OXYS Corporation ( OXYS ) was incorporated in the State of Nevada on August 4, 2016. OXYS is currently considered a development stage company as referred to in ASU 2014-10 Development Stage Entities (Topic 915). OXYS is currently devoting substantially all its efforts to identifying, developing and marketing engineered products, software and services for applications in the Industrial Internet which involves collecting and processing data collected from a wide variety of industrial systems and machines.


NOTE 3 - PROFORMA ADJUSTMENTS


On or before May 30, 2017, it is estimated that OXYS will be acquired by the Company pursuant to an Agreement and Plan of Reorganization. The agreement called for the Company to issue 34,687,244 shares of common stock to the shareholders of OXYS for a controlling ownership interest of the Company in a transaction wherein OXYS would became a wholly-owned subsidiary of the Company.


The ownership interests of the former owners of OXYS in the combined enterprise will be greater than that of the ongoing shareholders of the Company and, accordingly, the management of OXYS will assume operating control of the combined enterprise. Consequently, the acquisition is accounted for as the recapitalization of OXYS, wherein OXYS purchased the assets of the Company and accounted for the transaction as a reverse purchase for accounting purposes.


Proforma adjustments on the attached financial statements include the following:


[A]

To record the issuance of 34,687,244 shares of common stock pursuant to the Securities Exchange Agreement.


[B]

To eliminate the common stock accounts of OXYS and the prior retained earnings of the Company.


[C]

To record the cancellation of 1,500,000 shares of common stock from shareholders of Gotham Capital Holdings, Inc. and the elimination of residual balances of Gotham.


NOTE 4 - PROFORMA (LOSS) PER SHARE


The proforma (loss) per share is computed based on the number of shares outstanding, after adjustment for shares issued in the acquisition, as though all shares issued in the acquisition had been outstanding from the beginning of the periods presented.


41



PRO FORMA CONDENSED COMBINED BALANCE SHEET

[ Unaudited ]


March 31, 2017




Gotham Capital Holdings, Inc 03/31/2017 (Company)

OXYS Corporation 03/31/2017 (OXYS)

Pro Forma Increase (Decrease)

Pro Forma Combined

Assets:





 Cash

$31,651

$573,759

$(C) (31,651)

$573,759

 Cash in escrow

-

64,359

-

64,359

 Inventory

-

11,373

-

11,373

 Other assets

-

7,108

-

7,108

 Investment in subsidiary

-

-

(A) 34,687





(B) (34,687)


Total Assets

$31,651

$656,599

$   (31,651)

$656,599






Liabilities and Stockholders' (Deficit)


Liabilities:




 Accounts payable

$ 35,581

$   2,296

$ (C) (35,581)

$  2,296

 Accrued expenses

4,400

-

(C) (4,400)

-

 Due to stockholders

-

1,000

-

1,000

Total Liabilities

39,981

3,296

(39,981)

3,296






Stockholders' (Deficit)



 Common Stock

5,266

10,405

(A) 34,687

38,453




(B) (10,405)

-




(C) (1,500)

-

 Additional paid in capital

781,375

683,255

(B) (819,253)

655,207




(C) 9,830


 Accumulated deficit

(794,971)

(40,357)

(B) 794,971

(40,357)

Total Stockholders' (Deficit)

(8,330)

653,303

8,330

653,303

Total Liabilities and Stockholders' (Deficit)

$ 31,651

$656,599

$    (31,651)

$656,599


See Notes To Unaudited Pro Forma Condensed Financial Statements.



42



PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS


[ Unaudited ]



Gotham Capital Holdings, Inc. for the three months ended 03/31/2017 (Company)

OXYS Corporation for the three months ended 03/31/2017 (OXYS)

Pro Forma Increase (Decrease)

Pro Forma Combined

Revenue

$      -

$      -

$   -

$      -






Expenses:




 General and administrative

500

4,912

-

5,412

 Professional fees

4,363

26,820

-

31,183

Total Expenses

4,863

31,732

-

36,595






Income (Loss) from Operations

(4,863)

(31,732)

-

(36,595)






Other Income (Expense)



 Interest income

5

-

-

5

Total Other Income (Expense)

5

-

-

5






Income (Loss) from Operations Before Provision for Taxes

(4,858)

(31,732)

-

(36,590)






Provision for Income Taxes

-

-

-

-






Income (Loss) from Continuing Operations

(4,858)

(31,732)

-

(36,590)






Discontinued Operations

-

-

-

-






Net Income (Loss)

$(4,858)

$ (31,732)

$    -

$(36,590)

Basic Net (Loss) per Common Share (Note 4)

$(0.00095)


See Notes To Unaudited Pro Forma Condensed Financial Statements.


43



GOTHAM CAPITAL HOLDINGS, INC.

AND OXYS CORPORATION



NOTES TO PROFORMA CONDENSED COMBINED FINANCIAL STATEMENTS


[Unaudited]



NOTE 1 GOTHAM CAPITAL HOLDINGS, INC.


Gotham Capital Holdings Inc. (the Company ) was incorporated in the State of New Jersey on October 1, 2003 under the name Creative Beauty Supply of New Jersey Corporation and subsequently changed its name to Gotham Capital Holdings, Inc. on May 18, 2015.  On January 1, 2004, the Company commenced operations in the beauty supply industry at both the wholesale and retail levels.  On November 30, 2007, the Company s Board of Directors approved of a plan to dispose of its wholesale and retail beauty supply business.  As of January 1, 2009, the Company has had no operations and is a shell company.



NOTE 2 OXYS CORPORATION


Oxys Corporation ( OXYS ) was incorporated in the State of Nevada on August 4, 2016.  OXYS is currently considered a development stage company as referred to in ASU 2014-10 Development Stage Entities (Topic 915).  OXYS is currently devoting substantially all its efforts to identifying, developing and marketing engineered products, software and services for applications in the Industrial Internet which involves collecting and processing data collected from a wide variety of industrial systems and machines.



NOTE 3 - PROFORMA ADJUSTMENTS


On May 4, 2017, OXYS was acquired by the Company pursuant to an Agreement and Plan of Reorganization.  The agreement called for the Company to issue 34,687,244 shares of common stock to the shareholders of OXYS for a controlling ownership interest of the Company in a transaction wherein OXYS would became a wholly-owned subsidiary of the Company.


The ownership interests of the former owners of OXYS in the combined enterprise will be greater than that of the ongoing shareholders of the Company and, accordingly, the management of OXYS will assume operating control of the combined enterprise.  Consequently, the acquisition is accounted for as the recapitalization of OXYS, wherein OXYS purchased the assets of the Company and accounted for the transaction as a reverse purchase for accounting purposes.


Proforma adjustments on the attached financial statements include the following:


[A]

To record the issuance of 34,687,244 shares of common stock pursuant to the Securities Exchange Agreement.


[B]

To eliminate the common stock accounts of OXYS and the prior retained earnings of the Company.


[C]

To record the cancellation of 1,500,000 shares of common stock from shareholders of Gotham Capital Holdings, Inc. and the elimination of residual balances of Gotham.





44



NOTE 4 - PROFORMA (LOSS) PER SHARE


The proforma (loss) per share is computed based on the number of shares outstanding, after adjustment for shares issued in the acquisition, as though all shares issued in the acquisition had been outstanding from the beginning of the periods presented.




 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


45



SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Gotham Capital Holdings, Inc.


By: /s/ CARMINE CATIZONE

Carmine Catizone

Chief Executive Officer

Dated: June 16, 2017





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

46






SECURITIES EXCHANGE AGREEMENT



by and among



GOTHAM CAPITAL HOLDINGS, INC.



Oxys CORPORATION



and



THE SHAREHOLDERS OF

Oxys CORPORATION

Dated as of February 17, 2017








1



TABLE OF CONTENTS


ARTICLE I EXCHANGE OF SECURITIES

1

1.1.

Securities Exchange.

1

1.2.

Closing.

2

ARTICLE II REPRESENTATIONS AND WARRANTIES OF THE SHAREHOLDERS

2.1.

Good Title.

2.2.

Organization.

2.3.

Power and Authority.

2.4.

No Conflicts.

2.5.

Litigation.

2.6.

No Finder’s Fee.

3

2.7.

Purchase Entirely for Own Account.

3

2.8.

Available Information.

3

2.9.

Non-Registration.

2.10.

Restricted Securities.

2.11.

Legends.

4

2.12.

Additional Legend.

4

ARTICLE III REPRESENTATIONS AND WARRANTIES OF OXYS

3.1.

Organization, Standing and Power.

3.2.

Subsidiaries; Equity Interests.

5

3.3.

Capital Raise.

5

3.4.

Capital Structure.

5

3.5.

Authority; Execution and Delivery; Enforceability.

5

3.6.

No Conflicts; Consents.

3.7.

Taxes.

6

3.8.

Litigation.

6

3.9.

Compliance with Applicable Laws.

6

3.10.

Brokers.

6

3.11.

Contracts.

6

3.12.

Financial Statements.

7

ARTICLE IV REPRESENTATIONS AND WARRANTIES OF GOTHAM

7

4.1.

Organization, Standing and Power.

7

4.2.

Subsidiaries; Equity Interests.

7

4.3.

Capital Structure.

7

4.4.

Authority; Execution and Delivery; Enforceability.

8

4.5.

No Conflicts; Consents.

8

4.6.

Taxes.

9

4.7.

Benefit Plans.

9

4.8.

Litigation.

10

4.9.

Compliance with Applicable Laws.

10

4.10.

Contracts.

10

4.11.

Title to Properties.

10

4.12.

Intellectual Property.

11

4.13.

Labor Matters.

11

4.14.

SEC Documents; Undisclosed Liabilities.

11

4.15.

Transactions With Affiliates and Employees.

12

4.16.

Application of Takeover Protections.

12

4.17.

Absence of Certain Changes or Events.

12

4.18.

Certain Registration Matters.

13

4.19.

Quotation and Maintenance Requirements; DTC Eligibility.

13

4.20.

Disclosure.

13

4.21.

Information Supplied.

14

4.22.

No Undisclosed Events, Liabilities, Developments or Circumstances.

14

4.23.

No Additional Agreements.

14

ARTICLE V CLOSING DELIVERABLES

14

5.1.

Gotham’s Closing Deliverables.

14

5.2.

Oxys and the Shareholders Closing Deliverables.

16

ARTICLE VI COVENANTS

16

6.1.

Blue Sky Laws.

16

6.2.

Fees and Expenses.

17

6.3.

Filing of Super 8-K.

17

ARTICLE VII MISCELLANEOUS

17

7.1.

Notices.

17

7.2.

Amendments; Waivers; No Additional Consideration.

18

7.3.

Replacement of Securities.

18

7.4.

Remedies.

18

7.5.

Independent Nature of Shareholders’ Obligations and Rights.

18

7.6.

Limitation of Liability.

19

7.7.

Interpretation.

19

7.8.

Severability.

19

7.9.

Counterparts; Facsimile Execution.

19

7.10.

Entire Agreement; Third Party Beneficiaries.

19

7.11.

Governing Law.

20

7.12.

Assignment.

20


Annex A

Schedule of Securities Exchanged

Annex B

Definitions




i




SECURITIES EXCHANGE AGREEMENT


This SECURITIES EXCHANGE AGREEMENT (this “ Agreement ”), dated as of February 17, 2017, is by and among Gotham Capital Holdings, Inc., a New Jersey corporation (“ Gotham ”), Oxys Corporation, a Nevada corporation (“ Oxys ”), and the shareholders of Oxys identified on Annex A hereto (each, a “Selling Shareholder ” and together the “ Selling Shareholders ”).  Each of the parties to this Agreement is individually referred to herein as a “ Party ” and collectively, as the “ Parties .”  Capitalized terms used herein that are not otherwise defined herein shall have the meanings ascribed to them in Annex B hereto.

BACKGROUND


A.

Oxys has outstanding the securities listed in Annex A (the “ Oxys Securities ”), all of which are held by the Selling Shareholders.  Each Shareholder is the record and beneficial owner of the Oxys Securities set forth opposite such Shareholder’s name Annex A hereto.  Each Selling Shareholder has agreed to transfer all of his, her or its (hereinafter “ its ”) Oxys Securities in exchange for newly issued shares of the Common Stock, $0.001 par value per share, of Gotham (the “ Gotham Stock ”) that will, in the aggregate, constitute 33,895,575, or 90% of the issued and outstanding capital stock of Gotham on a fully diluted basis as of and immediately after the Closing, assuming the retirement of 1,500,000 post split common shares.  The number of shares of Gotham Stock to be received by each Shareholder or its designee is listed opposite each such Shareholder’s name in Annex A .  The aggregate number of shares of Gotham Stock that is reflected on Annex A is referred to herein as the “ Shares .”

B.

The Board of Directors of Gotham and the Board of Directors of Oxys has determined that it is desirable to affect this plan of reorganization and securities exchange.

AGREEMENT


NOW THEREFORE, in consideration of the foregoing and the respective representations, warranties, covenants and agreements set forth herein, and intending to be legally bound hereby, the Parties agree as follows:

ARTICLE I
Exchange of Securities

1.1.

Securities Exchange.  

At the Closing, each Selling Shareholder shall sell, transfer, convey, assign and deliver to Gotham its Oxys Securities free and clear of all Liens, in exchange for the Gotham Stock listed in Annex A opposite such Shareholder’s name.    







1.2.

Closing.  

The closing (the “ Closing ”) of the transactions contemplated hereby (the “ Transactions ”) shall take place on the date hereof (the “ Closing Date ”) remotely via electronic exchange of documents and signatures.

ARTICLE II
Representations and Warranties of the Shareholders

Each of the Selling Shareholders hereby severally (and not jointly) represents and warrants to Gotham with respect to itself, as follows.

2.1.

Good Title.  

The Selling Shareholders are the record and beneficial owner, and has good title to their Oxys Securities, with the right and authority to sell and deliver such Oxys Securities.  Upon delivery of any certificate or certificates duly assigned, representing the same as herein contemplated and/or upon registering of Gotham as the new owner of such Oxys Securities in the applicable securities registers of Oxys, Gotham will receive good title to such Oxys Securities, free and clear of all Liens.

2.2.

Organization.  The Selling Shareholders, if an entity, are duly organized and validly existing in its jurisdiction of organization.

2.3.

Power and Authority.  

Each Selling Shareholder has the legal power and authority to execute and deliver this Agreement and to perform its obligations hereunder.  All acts required to be taken by the Selling Shareholders to enter into this Agreement and to carry out the Transactions have been properly taken.  This Agreement constitutes a legal, valid and binding obligation of the Selling Shareholders, enforceable against the Selling Shareholders in accordance with the terms hereof.

2.4.

No Conflicts.  

The execution and delivery of this Agreement by the Selling Shareholders and the performance by each Selling Shareholder of its obligations hereunder in accordance with the terms hereof: (a) will not require the consent of any third party or Governmental Entity under any Laws; (b) will not violate any Laws applicable to each Selling Shareholder; and (c) will not violate or breach any contractual obligation to which a Selling Shareholder is a party.




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2.5.

Litigation.  

There is no pending proceeding against the Selling Shareholders that involves the Oxys Securities or that challenges, or may have the effect of preventing, delaying or making illegal, or otherwise interfering with, any of the Transactions and, to the knowledge of the Selling Shareholders, no such proceeding has been threatened, and no event or circumstance exists that is reasonably likely to give rise to or serve as a basis for the commencement of any such proceeding.

2.6.

No Finder’s Fee.  

The Selling Shareholders have not created any obligation for any finder’s, investment banker’s or broker’s fee in connection with the Transactions that are not payable entirely by the Selling Shareholder.


2.7.

Purchase Entirely for Own Account.  

The Selling Shareholders are acquiring the Gotham Stock proposed to be acquired hereunder for investment for its own account and not with a view to the resale or distribution of any part thereof, and the Selling Shareholders have no present intention of selling or otherwise distributing the Gotham Stock, except in compliance with applicable securities laws.

2.8.

Available Information.  

The Selling Shareholders have such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of investment in Gotham and has had full access to all the information it considers necessary or appropriate to make an informed investment decision with respect to the Gotham Stock.


2.9.

Non-Registration.  

The Selling Shareholders understand that the Gotham Stock has not been registered under the Securities Act and, if issued in accordance with the provisions of this Agreement, will be issued by reason of a specific exemption from the registration provisions of the Securities Act which depends upon, among other things, the bona fide nature of the investment intent and the accuracy of the Selling Shareholders’ representations as expressed herein.  The non-registration shall have no prejudice with respect to any rights, interests, benefits and entitlements attached to the Shares in accordance with Gotham’ charter documents or the laws of its jurisdiction of incorporation.




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2.10.

Restricted Securities.

The Selling Shareholders understand that the Gotham Stock is characterized as “restricted securities” under the Securities Act inasmuch as this Agreement contemplates that, if acquired by the Selling Shareholders pursuant hereto, the Gotham Stock would be acquired in a transaction not involving a public offering. The issuance of the Gotham Stock hereunder is being affected in reliance upon an exemption from registration afforded under Section 4(a)(2) of the Securities Act for transactions by an issuer not involving a public offering. The Selling Shareholders further acknowledge that if the Gotham Stock is issued to the Selling Shareholders in accordance with the provisions of this Agreement, such Gotham Stock may not be resold without registration under the Securities Act or the existence of an exemption therefrom.  Each Selling Shareholder represents that it is familiar with Rule 144 promulgated under the Securities Act, as presently in effect, and understands the resale limitations imposed thereby and by the Securities Act.


2.11.

Legends.  

 It is understood that the Gotham Stock will bear the following legend or one that is substantially similar to the following legend:

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS AND NEITHER SUCH SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR OTHERWISE TRANSFERRED EXCEPT (1) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR (2) PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS, IN WHICH CASE THE HOLDER MUST, PRIOR TO SUCH TRANSFER, FURNISH TO THE COMPANY AN OPINION OF COUNSEL, WHICH COUNSEL AND OPINION ARE REASONABLY SATISFACTORY TO THE COMPANY, THAT SUCH SECURITIES MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR OTHERWISE TRANSFERRED IN THE MANNER CONTEMPLATED PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS.


2.12.

Additional Legend.

Additionally, the Gotham Stock will bear any legend required by the “blue sky” laws of any state to the extent such laws are applicable to the securities represented by the certificate so legended.


ARTICLE III
Representations and Warranties of Oxys

Subject to the exceptions set forth in the Oxys Disclosure Letter (regardless of whether or not the Oxys Disclosure Letter is referenced below with respect to any particular representation or warranty), Oxys represents and warrants to Gotham and the Shareholders as follows.





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3.1.

Organization, Standing and Power.  

Oxys and each of its subsidiaries is duly organized, validly existing and in good standing under the laws of the jurisdiction in which it is organized and has the corporate power and authority and possesses all governmental franchises, licenses, permits, authorizations and approvals necessary to enable it to own, lease or otherwise hold its properties and assets and to conduct its businesses as presently conducted, other than such franchises, licenses, permits, authorizations and approvals the lack of which, individually or in the aggregate, has not had and would not reasonably be expected to have a material adverse effect on Oxys and its subsidiaries taken as a whole, a material adverse effect on the ability of Oxys to perform its obligations under this Agreement or on the ability of Oxys to consummate the Transactions (a “ Oxys Material Adverse Effect ”).

3.2.

Subsidiaries; Equity Interests.  

The Oxys Disclosure Letter lists each subsidiary of Oxys and its jurisdiction of organization.  All the outstanding shares of capital stock or equity investments of each subsidiary have been validly issued and are fully paid and non-assessable and are as of the date of this Agreement owned by Oxys or by another subsidiary unless otherwise indicated on the Oxys Disclosure Letter.

3.3.

Capital Structure.  

The authorized capitalization of Oxys consists of 50,000,000 Common Shares, __________ of which are issued and outstanding up to 3,750,000 shares.  Except as set forth above or in the Oxys Disclosure Letter, no common shares or other voting securities of Oxys are issued, reserved for issuance or outstanding.  All outstanding securities of Oxys and each of its subsidiaries are duly authorized, validly issued, fully paid and non-assessable and not subject to or issued in violation of any purchase option, call option, right of first refusal, preemptive right, subscription right or any similar right under any provision of the applicable corporate laws, the Oxys Constituent Instruments or any Contract to which Oxys is a party or otherwise bound.  As of the date of this Agreement, except as set forth in the Oxys Disclosure Letter, there are not any options, warrants, rights, convertible or exchangeable securities, “phantom” stock rights, stock appreciation rights, stock-based performance units, commitments, Contracts, arrangements or undertakings of any kind to which Oxys or any of its subsidiaries is a party or by which any of them is bound.

3.4.

Authority; Execution and Delivery; Enforceability.  

Oxys has all requisite corporate power and authority to execute and deliver this Agreement and to consummate the Transactions.  The execution and delivery by Oxys of this Agreement and the consummation by Oxys of the Transactions have been duly authorized and approved by the Board of Directors of Oxys and no other corporate proceedings on the part of Oxys are necessary to authorize this Agreement and the Transactions.  When executed and delivered, this Agreement will be enforceable against Oxys in accordance with its terms.




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3.5.

No Conflicts; Consents.  

(a)

The execution and delivery by Oxys of this Agreement does not, and the consummation of the Transactions and compliance with the terms hereof will not, conflict with, or result in any violation of or default under, any provision of (i) the Oxys Constituent Instruments or the comparable charter or organizational documents of any of its subsidiaries, (ii) any Contract to which Oxys or any of its subsidiaries is a party or to which any of their respective properties or assets is subject or (iii) subject to the filings and other matters referred to in Section 3.6(b), any material judgment, order or decree or material law applicable to Oxys or any of its subsidiaries or their respective properties or assets, other than, in the case of clauses (ii) and (iii) above, any such items that, individually or in the aggregate, have not had and would not reasonably be expected to have a Oxys Material Adverse Effect.

(b)

Except as set forth in the Oxys Disclosure Letter, no Consent of, or registration, declaration or filing with, or permit from, any Governmental Entity is required to be obtained or made by or with respect to Oxys or any of its subsidiaries in connection with the execution, delivery and performance of this Agreement or the consummation of the Transactions.

3.6.

Taxes.  

Oxys and each of its subsidiaries has timely filed, or has caused to be timely filed on its behalf, all Tax Returns required to be filed by it, and all such Tax Returns are true, complete and accurate, except to the extent any failure to file or any inaccuracies in any filed Tax Returns, individually or in the aggregate, have not had and would not reasonably be expected to have a Oxys Material Adverse Effect.

3.7.

Litigation.  

Except as set forth in the Oxys Disclosure Letter, there is no Action against or affecting Oxys or any of its subsidiaries or any of their respective properties which (a) adversely affects or challenges the legality, validity or enforceability of any of this Agreement or the Shares or (b) could, if there were an unfavorable decision, individually or in the aggregate, have or reasonably be expected to result in a Oxys Material Adverse Effect.

3.8.

Compliance with Applicable Laws.  

Except as set forth in the Oxys Disclosure Letter, Oxys and each of its subsidiaries have conducted their business and operations in compliance with all applicable Laws, except for instances of noncompliance that, individually and in the aggregate, have not had and would not reasonably be expected to have a Oxys Material Adverse Effect.  This Section 3.9 does not relate to taxes, which are the subject of Section 3.6.




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3.9.

Brokers.  

Except as set forth in the Oxys Disclosure Letter, no broker, investment banker, financial advisor or other person is entitled to any broker’s, finder’s, financial advisor’s or other similar fee or commission in connection with the Transactions based upon arrangements made by or on behalf of Oxys or any of its subsidiaries.

3.10.

Contracts.  

  Neither Oxys nor any of its subsidiaries is in violation of or in default under (nor does there exist any condition which upon the passage of time or the giving of notice would cause such a violation of or default under) any Contract to which it is a party or to which it or any of its properties or assets is subject, except for violations or defaults that would not, individually or in the aggregate, reasonably be expected to result in a Oxys Material Adverse Effect.

3.11.

Financial Statements.  On or before the Closing,

Oxys will deliver to Gotham its audited financial statements for the period from inception (August 4, 2016) to December 31, 2016 (collectively, the “ Oxys Financial Statements ”).  The Oxys Financial Statements shall be prepared in accordance with generally accepted accounting principles applied on a consistent basis throughout the period indicated.  The Oxys Financial Statements shall fairly present in all material respects the financial condition and operating results of Oxys, as of the dates, and for the periods, indicated therein.  

ARTICLE IV
Representations and Warranties of Gotham

Subject to the exceptions set forth in the Gotham Disclosure Letter (regardless of whether or not the Gotham Disclosure Letter is referenced below with respect to any particular representation or warranty), Gotham represents and warrants as follows to Oxys and the Shareholders.


4.1.

Organization, Standing and Power.  

Gotham is duly organized, validly existing and in good standing under the laws of the State of New Jersey and has full corporate power and authority and possesses all governmental franchises, licenses, permits, authorizations and approvals necessary to enable it to own, lease or otherwise hold its properties and assets and to conduct its businesses as presently conducted, other than such franchises, licenses, permits, authorizations and approvals the lack of which, individually or in the aggregate, has not had and would not reasonably be expected to have a material adverse effect on Gotham, a material adverse effect on the ability of Gotham to perform its obligations under this Agreement or on the ability of Gotham to consummate the Transactions (an “ Gotham Material Adverse Effect ”).  Gotham is duly qualified to do business in each jurisdiction where the nature of its business or its ownership or leasing of its properties makes




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such qualification necessary and where the failure to so qualify would reasonably be expected to have a Gotham Material Adverse Effect.  Gotham has delivered to Oxys or its counsel true and complete copies of the Gotham Articles of Incorporation and the Gotham Bylaws.

4.2.

Subsidiaries; Equity Interests.  

Gotham does not own, directly or indirectly, any capital stock, membership interest, partnership interest, joint venture interest or other equity interest in any person.

4.3.

Capital Structure.  

The authorized capital stock of Gotham consists of 190,000,000 shares of common stock, $0.001 par value per share and 10,000,000 shares of preferred stock. No other class or series of capital stock is authorized or outstanding.  As of the date hereof and immediately prior to the Closing, (a) 5,266,075 shares of Gotham’s common stock are issued and outstanding, and (b) no shares of Gotham’ common stock are held by Gotham in its treasury.  As of the date hereof and immediately prior to the Closing, no shares of preferred stock are issued and outstanding.  Except as set forth above, no shares of capital stock or other voting securities of Gotham were issued, reserved for issuance or outstanding.  All outstanding shares of the capital stock of Gotham are, and all such shares that may be issued prior to the date hereof will be when issued, duly authorized, validly issued, fully paid and nonassessable and not subject to or issued in violation of any purchase option, call option, right of first refusal, preemptive right, subscription right or any similar right under any provision of the New Jersey Statutes, the Gotham Charter, the Gotham Bylaws or any Contract to which Gotham is a party or otherwise bound.  There are not any bonds, debentures, notes or other indebtedness of Gotham having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which holders of Gotham’ common stock may vote (“ Voting Gotham Debt ”).  As of the date of this Agreement, there are not any options, warrants, rights, convertible or exchangeable securities, “phantom” stock rights, stock appreciation rights, stock-based performance units, commitments, Contracts, arrangements or undertakings of any kind to which Gotham is a party or by which it is bound (a) obligating Gotham to issue, deliver or sell, or cause to be issued, delivered or sold, additional shares of capital stock or other equity interests in, or any security convertible or exercisable for or exchangeable into any capital stock of or other equity interest in, Gotham or any Voting Gotham Debt, (b) obligating Gotham to issue, grant, extend or enter into any such option, warrant, call, right, security, commitment, Contract, arrangement or undertaking or (c) that give any person the right to receive any economic benefit or right similar to or derived from the economic benefits and rights occurring to holders of the capital stock of Gotham.  As of the date of this Agreement, there are not any outstanding contractual obligations of Gotham to repurchase, redeem or otherwise acquire any shares of capital stock of Gotham.  The stockholder list provided to Oxys or its counsel is a current stockholder list generated by its stock transfer agent, and such list accurately reflects all of the issued and outstanding shares of the Gotham’ common stock.




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4.4.

Authority; Execution and Delivery; Enforceability.  

The execution and delivery by Gotham of this Agreement and the consummation by Gotham of the Transactions have been duly authorized and approved by the Board of Directors of Gotham and no other corporate proceedings on the part of Gotham are necessary to authorize this Agreement and the Transactions.  This Agreement constitutes a legal, valid and binding obligation of Gotham, enforceable against Gotham in accordance with the terms hereof.

4.5.

No Conflicts; Consents.  

(a)

The execution and delivery by Gotham of this Agreement does not, and the consummation of Transactions and compliance with the terms hereof will not, contravene, conflict with or result in any violation of or default (with or without notice or lapse of time, or both) under, or give rise to a right of termination, cancellation or acceleration of any obligation or to loss of a material benefit under, or to increased, additional, accelerated or guaranteed rights or entitlements of any person under, or result in the creation of any Lien upon any of the properties or assets of Gotham under, any provision of (i) the Gotham Charter or Gotham Bylaws, (ii) any material Contract to which Gotham is a party or to which any of its properties or assets is subject or (iii) subject to the filings and other matters referred to in Section 4.5(b), any material Order or material Law applicable to Gotham or its properties or assets, other than, in the case of clauses (ii) and (iii) above, any such items that, individually or in the aggregate, have not had and would not reasonably be expected to have an Gotham Material Adverse Effect.

(b)

Except for required filings with the SEC and applicable “Blue Sky” or state securities commissions, no Consent of, or registration, declaration or filing with, or permit from, any Governmental Entity is required to be obtained or made by or with respect to Gotham in connection with the execution, delivery and performance of this Agreement or the consummation of the Transactions.

4.6.

Taxes.  

(a)

Gotham has timely filed, or has caused to be timely filed on its behalf, all Tax Returns required to be filed by it, and all such Tax Returns are true, complete and accurate, except to the extent any failure to file, any delinquency in filing or any inaccuracies in any filed Tax Returns, individually or in the aggregate, have not had and would not reasonably be expected to have an Gotham Material Adverse Effect.  All Taxes shown to be due on such Tax Returns, or otherwise owed, have been timely paid, except to the extent that any failure to pay, individually or in the aggregate, has not had and would not reasonably be expected to have an Gotham Material Adverse Effect.




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(b)

The most recent financial statements contained in the SEC Reports reflect an adequate reserve for all Taxes payable by Gotham (in addition to any reserve for deferred Taxes to reflect timing differences between book and Tax items) for all Taxable periods and portions thereof through the date of such financial statements.  No deficiency with respect to any Taxes has been proposed, asserted or assessed against Gotham, and no requests for waivers of the time to assess any such Taxes are pending, except to the extent any such deficiency or request for waiver, individually or in the aggregate, has not had and would not reasonably be expected to have an Gotham Material Adverse Effect.

(c)

There are no Liens for Taxes (other than for current Taxes not yet due and payable) on the assets of Gotham.  Gotham is not bound by any agreement with respect to Taxes.

4.7.

Benefit Plans.  

Gotham does not, and since its inception never has, maintained or contributed to any “employee pension benefit plans” (as defined in Section 3(2) of ERISA), “employee welfare benefit plans” (as defined in Section 3(1) of ERISA) or any other benefit plan for the benefit of any current or former employees, consultants, officers or directors of Gotham or any other bonus, pension, profit sharing, deferred compensation, incentive compensation, stock ownership, stock purchase, stock option, phantom stock, retirement, vacation, severance, disability, death benefit, hospitalization, medical or other plan, arrangement or understanding (whether or not legally binding) providing benefits to any current or former employee, officer or director of Gotham.  As of the date of this Agreement, there are not any employment, consulting, indemnification, severance or termination agreements or arrangements between Gotham and any current or former employee, officer or director of Gotham, nor does Gotham have any general severance plan or policy.

4.8.

Litigation.  

There is no Action against or affecting Gotham or any of its properties which (a) adversely affects or challenges the legality, validity or enforceability of either of this Agreement or the Shares or (b) could, if there were an unfavorable decision, individually or in the aggregate, have or reasonably be expected to result in an Gotham Material Adverse Effect.  Neither Gotham nor any director or officer (in his or her capacity as such), is or has been the subject of any Action involving a claim or violation of or liability under federal or state securities laws or a claim of breach of fiduciary duty.

4.9.

Compliance with Applicable Laws.  

Gotham is in compliance with all applicable Laws, including those relating to occupational health and safety, the environment, export controls, trade sanctions and embargoes, except for instances of noncompliance that, individually and in the aggregate, have not had and would not reasonably be expected to have an Gotham Material Adverse Effect.  Gotham has not received any written communication during the past two years from a Governmental Entity that alleges that Gotham is not in compliance in any material respect with any applicable Law.  Gotham is in




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compliance with all effective requirements of the Sarbanes-Oxley Act of 2002, as amended, and the rules and regulations thereunder, that are applicable to it, except where such noncompliance could not have or reasonably be expected to result in an Gotham Material Adverse Effect.  This Section 4.9 does not relate to matters with respect to Taxes, which are the subject of Section 4.6.

4.10.

Contracts.  

Except as disclosed in the SEC Reports, there are no Contracts that are material to the business, properties, assets, condition (financial or otherwise), results of operations or prospects of Gotham taken as a whole.  Gotham is not in violation of or in default under (nor does there exist any condition which upon the passage of time or the giving of notice would cause such a violation of or default under) any Contract to which it is a party or to which it or any of its properties or assets is subject, except for violations or defaults that would not, individually or in the aggregate, reasonably be expected to result in an Gotham Material Adverse Effect.

4.11.

Title to Properties.  

Gotham has good title to, or valid leasehold interests in, all of its properties and assets used in the conduct of its businesses.  All such assets and properties, other than assets and properties in which Gotham has leasehold interests, are free and clear of all Liens, except for Liens that, in the aggregate, do not and will not materially interfere with the ability of Gotham to conduct business as currently conducted.  Gotham has complied in all material respects with the terms of all material leases to which it is a party and under which it is in occupancy, and all such leases are in full force and effect.  Gotham enjoys peaceful and undisturbed possession under all such material leases.

4.12.

Intellectual Property.  

Gotham does not own, nor is validly licensed nor otherwise has the right to use, any Intellectual Property Rights.  No claims are pending or, to the knowledge of Gotham, threatened that Gotham is infringing or otherwise adversely affecting the rights of any person with regard to any Intellectual Property Right.

4.13.

Labor Matters.  

There are no collective bargaining or other labor union agreements to which Gotham is a party or by which it is bound.  No material labor dispute exists or, to the knowledge of Gotham, is imminent with respect to any of the employees of Gotham.

4.14.

SEC Documents; Undisclosed Liabilities.  

(a)

Gotham has timely filed all reports, schedules, forms, statements and other documents required to be filed by it with the SEC, pursuant to Sections 13(a), 14(a) and 15(d) of the Exchange Act (the “ SEC Reports ”).




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(b)

As of its respective filing date, each SEC Report complied in all material respects with the requirements of the Exchange Act and the rules and regulations of the SEC promulgated thereunder applicable to such SEC Report.  Except to the extent that information contained in any SEC Report has been revised or superseded by a later SEC Report, none of the SEC Reports contains any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading.  The financial statements of Gotham included in the SEC Reports comply as to form in all material respects with applicable accounting requirements and the published rules and regulations of the SEC with respect thereto, have been prepared in accordance with the U.S. generally accepted accounting principles (except, in the case of unaudited statements, as permitted by the rules and regulations of the SEC) applied on a consistent basis during the periods involved (except as may be indicated in the notes thereto) and fairly present the consolidated financial position of Gotham as of the dates thereof and the consolidated results of their operations and cash flows for the periods shown (subject, in the case of unaudited statements, to normal year-end audit adjustments).

(c)

Except as set forth in the SEC Reports, Gotham has no liabilities or obligations of any nature (whether accrued, absolute, contingent or otherwise) required by U.S. generally accepted accounting principles to be set forth on a balance sheet of Gotham or in the notes thereto.  There are no financial or contractual obligations and liabilities (including any obligations to issue capital stock or other securities) due after the date hereof.  All liabilities of Gotham shall have been paid off and shall in no event remain liabilities of Gotham, Oxys or the Shareholders following the Closing.  

4.15.

Transactions With Affiliates and Employees.

 Except as disclosed in the SEC Reports, none of the officers or directors of Gotham and, to the knowledge of Gotham, none of the employees of Gotham is presently a party to any transaction with Gotham (other than for services as employees, officers and directors), including any Contract or other arrangement providing for the furnishing of services to or by, providing for rental of real or personal property to or from, or otherwise requiring payments to or from any officer, director or such employee or, to the knowledge of Gotham, any entity in which any officer, director, or any such employee has a substantial interest or is an officer, director, trustee or partner.


4.16.

Application of Takeover Protections.

 Gotham has taken all necessary action, if any, in order to render inapplicable any control share acquisition, business combination, poison pill (including any distribution under a rights agreement) or other similar anti-takeover provision under the Gotham Charter or the laws of its state of incorporation that is or could become applicable to the Shareholders as a result of the Shareholders and Gotham fulfilling their obligations or exercising their rights under this Agreement, including, without limitation, the issuance of the Shares and the Shareholders’ ownership of the Shares.





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4.17.

Absence of Certain Changes or Events.

 Except as disclosed in the SEC Reports, from the date of the most recent financial statements contained in the SEC Reports to the date of this Agreement, Gotham has conducted its business only in the ordinary course, and during such period there has not been:


(a)

any change in the assets, liabilities, financial condition or operating results of Gotham from that reflected in the financial statements contained in the SEC Reports, except changes in the ordinary course of business that have not caused, in the aggregate, an Gotham Material Adverse Effect;

(b)

any damage, destruction or loss, whether or not covered by insurance, that would have an Gotham Material Adverse Effect;

(c)

any waiver or compromise by Gotham of a valuable right or of a material debt owed to it;

(d)

any satisfaction or discharge of any lien, claim, or encumbrance or payment of any obligation by Gotham, except in the ordinary course of business and the satisfaction or discharge of which would not have an Gotham Material Adverse Effect;

(e)

any material change to a material Contract by which Gotham or any of its assets is bound or subject;

(f)

any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder;

(g)

any mortgage, pledge, transfer of a security interest in or lien created by Gotham with respect to any of its material properties or assets, except liens for taxes not yet due or payable and liens that arise in the ordinary course of business and that do not materially impair Gotham’ ownership or use of such property or assets;

(h)

any loans or guarantees made by Gotham to or for the benefit of its employees, officers or directors, or any Shareholders of their immediate families, other than travel advances and other advances made in the ordinary course of its business;

(i)

any declaration, setting aside or payment or other distribution in respect of any of Gotham’ capital stock, or any direct or indirect redemption, purchase, or other acquisition of any of such stock by Gotham;

(j)

any alteration of Gotham’ method of accounting or the identity of its auditors;

(k)

any issuance of equity securities to any officer, director or affiliate, except pursuant to existing Gotham stock option plans; or




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(l)

any arrangement or commitment by Gotham to do any of the things described in this Section 4.22.

4.18.

Certain Registration Matters.  

Except as set forth in the Gotham Disclosure Letter, Gotham has not granted or agreed to grant to any person any rights (including “piggy-back” registration rights) to have any securities of Gotham registered with the SEC or any other governmental authority that have not been satisfied.

4.19.

Quotation and Maintenance Requirements; DTC Eligibility.  

Gotham is, and has no reason to believe that it will not in the foreseeable future continue to be, in compliance with the requirements for continued quotation of the Gotham Stock on the trading market on which the Gotham Stock is currently quoted.  The issuance and sale of the Shares under this Agreement does not contravene the rules and regulations of the trading market on which the Gotham Stock are currently quoted, and no approval of the stockholders of Gotham is required for Gotham to issue and deliver to the Shareholders the Shares contemplated by this Agreement.  Gotham’s common stock is eligible for the depository and book-entry services of The Depository Trust Company.


4.20.

Disclosure.  

Gotham confirms that neither it nor any person acting on its behalf has provided the Shareholders or their respective agents or counsel with any information that Gotham believes constitutes material, non-public information except insofar as the existence and terms of the proposed transactions hereunder may constitute such information and except for information that will be disclosed by Gotham in the current report on Form 8-K (the “Super 8-K”) of Gotham that will be filed with the Securities and Exchange Commission within four business days of the Closing.  Gotham understands and confirms that the Shareholders will rely on the foregoing representations and covenants in effecting transactions in securities of Gotham.  All of the representations and warranties set forth in this Agreement are true and correct and do not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements made therein, in light of the circumstances under which they were made, not misleading.

4.21.

Information Supplied.  

None of the information supplied or to be supplied by Gotham for inclusion in the Super 8-K will contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they are made, not misleading.




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4.22.

No Undisclosed Events, Liabilities, Developments or Circumstances.  

No event, liability, development or circumstance has occurred or exists, or is contemplated to occur with respect to Gotham, or its businesses, properties, prospects, operations or financial condition, that would be required to be disclosed by Gotham under applicable securities laws on a registration statement on Form S-1 filed with the SEC relating to an issuance and sale by Gotham of its common stock and which has not been publicly announced or will not be publicly announced in the Super 8-K.

4.23.

No Additional Agreements.  

Gotham does not have any agreement or understanding with the Shareholders with respect to the Transactions other than as specified in this Agreement.

ARTICLE V
Closing Deliverables

5.1.

Gotham’s Closing Deliverables.  

 At the Closing, Gotham shall deliver the following to Oxys:

(a)

Issuance of Stock Certificates Representing the Shares .  Gotham shall cause its transfer agent to deliver the Shares to the Shareholders as specified in Annex A to this Agreement.

(b)

Incentive Stock Option Plan .  On or before Closing, Gotham shall have adopted a stock awards plan that authorizes the issuance of up to 4,500,000 options to employees of Gotham and its subsidiaries.


(c)

Sale and Cancellation of Restricted Shares .  Pasquale Catizone and Carmine Catizone (the “Principal Shareholders” of Gotham) shall provide Oxys with stock certificates that represent the 1,500,000 shares of common stock (the “ Restricted Shares ”) that are being sold and cancelled on the Closing Date pursuant to an agreement in form and substance satisfactory to Oxys and such other evidence as Oxys may reasonably request in connection with such sale and cancellation.

(d)

Consents .  Gotham shall deliver to Oxys any and all consents, waivers, approvals, authorizations or orders listed in Section 4.5 of the Gotham Disclosure Letter.

(e)

DTC Eligibility .  Gotham shall deliver to Oxys evidence reasonably satisfactory to Oxys that Gotham’s common stock is eligible for the depository and book-entry services of The Depository Trust Company.




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(f)

Secretary’s Certificate .  Gotham shall deliver to Oxys a certificate, signed by its Secretary, certifying that the attached copies of the Gotham Charter, Gotham Bylaws and resolutions of its Board of Directors approving this Agreement and the Transactions are all true, complete and correct and remain in full force and effect.

(g)

Good Standing Certificate .  Gotham shall deliver to Oxys a certificate of good standing of Gotham dated within five (5) business days of Closing, issued by the Secretary of State of Nevada.

(h)

Resignations and Appointments .  Gotham shall deliver to Oxys (i) a letter of resignation from Carmine Catizone and Daniel Generalli resigning from all offices they hold with Gotham and from their positions as directors of Gotham effective at the Closing; (ii) evidence of the appointment of the following persons as directors of Gotham effective as of the Closing: ____________, ______________, and ________; and (iii) evidence of the appointment of the following persons as executive officers of Gotham holding the offices in parenthesis opposite their names as follows, effective as of the Closing: __________ (Chief Executive Officer, Chief Financial Officer and Secretary), _________ (President), and _________ (Chief Information Officer).

(i)

Assumption of Liabilities .   Oxys agrees to assume certain liabilities detailed in Schedule 5.1(i).

(j)

Payoff Letters and Releases .  Gotham shall deliver to Oxys such pay-off letters and releases relating to liabilities of Gotham as Oxys shall request, in form and substance satisfactory to Oxys, so that on the Closing Date Gotham will have no liabilities other than the assumed liabilities listed in Schedule 5.1(i).

(k)

Release .  Gotham shall have delivered to Oxys a duly executed release by each of Pasquele Catizone, Carmine Catizone and Daniel Generelli in favor of Gotham, Oxys and the Shareholders, in form and substance satisfactory to Oxys.

(l)

Indemnification Agreement .  Gotham shall deliver an indemnification agreement, executed by Pasquele Catizone, Carmine Catizone and Daniel Generelli for the benefit of Gotham, Oxys and the Shareholders, in the form and substance satisfactory to Oxys.

5.2.

Oxys and the Shareholders Closing Deliverables.  

At the Closing, Oxys and/or the Shareholders shall deliver the following to Gotham:

(a)

Consents .  Oxys shall deliver to Gotham any and all consents, waivers, approvals, authorizations or orders listed in Section 3.5 of the Oxys Disclosure Letter.




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(b)

Secretary’s Certificate . Oxys shall deliver to Gotham a certificate, signed by its Secretary (or authorized director or officer), certifying that the attached copies of the Oxys Constituent Instruments and resolutions of the Board of Directors of Oxys approving this Agreement and the Transactions are all true, complete and correct and remain in full force and effect.

(c)

Delivery of Audit Report and Financial Statements .  Oxys shall have completed the Oxys Financial Statements and shall have received an audit report from an independent audit firm that is registered with the Public Company Accounting Oversight Board.

(d)

Super 8-K .  Oxys shall provide Gotham with reasonable assurances that Gotham will be able to comply with its obligation to file the Super 8-K within four (4) business days following the Closing containing the requisite financial statements of Oxys and the requisite Form 10 disclosure regarding Oxys and its subsidiaries.

(e)

Share Transfer Documents .  Each Shareholder shall have delivered to Gotham certificate(s) representing its Oxys Securities, accompanied by an executed instrument of transfer and bought and sold note for transfer by the Shareholder of its Oxys Securities to Gotham.

ARTICLE VI
Covenants

6.1.

Blue Sky Laws.  

Gotham shall take any action (other than qualifying to do business in any jurisdiction in which it is not now so qualified) required to be taken under any applicable state securities laws in connection with the issuance of the Gotham Stock in connection with this Agreement.

6.2.

Fees and Expenses.  

All fees and expenses incurred in connection with this Agreement shall be paid by the Party incurring such fees or expenses. Gotham shall not be responsible for any fees and expenses incurred by it or its officers, directors or security holders on or prior to the Closing Date in connection with the Transactions contemplated by this Agreement.

6.3.

Filing of Super 8-K.  

Gotham shall file, within four (4) business days of the Closing Date, the Super 8-K and attach as exhibits all relevant agreements with the SEC disclosing the terms of this Agreement and other requisite disclosure regarding the Transactions and including the requisite audited consolidated financial statements of Oxys and the requisite Form 10 disclosure regarding Oxys and its subsidiaries.




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ARTICLE VII
Miscellaneous

7.1.

Notices.  

All notices, requests, claims, demands and other communications under this Agreement shall be in writing and shall be deemed given upon receipt by the Parties at the following addresses (or at such other address for a Party as shall be specified by like notice):

If to Gotham, to:

Gotham Capital Holdings, Inc.

266 Cedar Street

Cedar Grove, New Jersey 07009

Attention: Chief Executive Officer


If to Oxys, to:

Oxys Corporation

719 Cambridge St.

Cambridge MA 02141


If to the Shareholders at the addresses set forth in Annex A hereto.



7.2.

Amendments; Waivers; No Additional Consideration.  

No provision of this Agreement may be waived or amended except in a written instrument signed by Oxys, Gotham and Shareholders holding a majority in interest of the Oxys Securities measured based upon the number of Shares they are expected to receive at the Closing.  No waiver of any default with respect to any provision, condition or requirement of this Agreement shall be deemed to be a continuing waiver in the future or a waiver of any subsequent default or a waiver of any other provision, condition or requirement hereof, nor shall any delay or omission of any Party to exercise any right hereunder in any manner impair the exercise of any such right.  No consideration shall be offered or paid to any Shareholder to amend or consent to a waiver or modification of any provision of any Transaction Document unless the same consideration is also offered to all Shareholders then holding the Shares.

7.3.

Replacement of Securities.  

If any certificate or instrument evidencing any Shares is mutilated, lost, stolen or destroyed, Gotham shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof, or in lieu of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory to Gotham of such loss, theft or destruction and customary and reasonable indemnity, if requested.  The applicants for a new certificate or




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instrument under such circumstances shall also pay any reasonable third-party costs associated with the issuance of such replacement Shares.  If a replacement certificate or instrument evidencing any Shares is requested due to a mutilation thereof, Gotham may require delivery of such mutilated certificate or instrument as a condition precedent to any issuance of a replacement.

7.4.

Remedies.  

In addition to being entitled to exercise all rights provided herein or granted by law, including recovery of damages, each of the Shareholders, Gotham and Oxys will be entitled to specific performance under this Agreement.  The Parties agree that monetary damages may not be adequate compensation for any loss incurred by reason of any breach of obligations described in the foregoing sentence and hereby agrees to waive in any action for specific performance of any such obligation the defense that a remedy at law would be adequate.

7.5.

Independent Nature of Shareholders’ Obligations and Rights.  

The obligations of each Shareholder under this Agreement are several and not joint with the obligations of any other Shareholder, and no Shareholder shall be responsible in any way for the performance of the obligations of any other Shareholder under this Agreement.  The decision of each Shareholder to acquire the Shares pursuant to this Agreement has been made by such Shareholder independently of any other Shareholder.  Nothing contained herein, and no action taken by any Shareholder pursuant hereto, shall be deemed to constitute the Shareholders as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Shareholders are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated herein.  Each Shareholder acknowledges that no other Shareholder has acted as agent for such Shareholder in connection with making its investment hereunder and that no Shareholder will be acting as agent of such Shareholder in connection with monitoring its investment in the Shares or enforcing its rights under this Agreement.  Each Shareholder shall be entitled to independently protect and enforce its rights, including without limitation the rights arising out of this Agreement, and it shall not be necessary for any other Shareholder to be joined as an additional party in any proceeding for such purpose.  Each of Oxys and Gotham acknowledges that each of the Shareholders has been provided with this same Agreement for the purpose of closing a transaction with multiple Shareholders and not because it was required or requested to do so by any Shareholder.

7.6.

Limitation of Liability.  

Notwithstanding anything herein to the contrary, each of Gotham and Oxys acknowledges and agrees that the liability of a Shareholder arising directly or indirectly, under any Transaction Document of any and every nature whatsoever shall be satisfied solely out of the assets of such Shareholder, and that no trustee, officer, other investment vehicle or any other affiliate of such Shareholder or any investor, shareholder or holder of shares of beneficial interest of such Shareholder shall be personally liable for any liabilities of such Shareholder.




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7.7.

Interpretation.  

When a reference is made in this Agreement to a Section, such reference shall be to a Section of this Agreement unless otherwise indicated.  Whenever the words “include”, “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation”.

7.8.

Severability.  

If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule or Law, or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the Transactions is not affected in any manner materially adverse to any Party.  Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable manner to the end that the Transactions are fulfilled to the extent possible.

7.9.

Counterparts; Facsimile Execution.  

This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement and shall become effective when one or more counterparts have been signed by each of the Parties and delivered to the other Parties.  Facsimile execution and delivery of this Agreement is legal, valid and binding for all purposes.

7.10.

Entire Agreement; Third Party Beneficiaries.  

This Agreement, taken together with the Oxys Disclosure Letter and the other agreements and documents referred to herein, (a) constitute the entire agreement and supersede all prior agreements and understandings, both written and oral, among the Parties with respect to the Transactions and (b) are not intended to confer upon any person other than the Parties any rights or remedies.

7.11.

Governing Law.  

This Agreement shall be governed by, and construed in accordance with, the laws of the State of New Jersey, regardless of the laws that might otherwise govern under applicable principles of conflicts of laws thereof, except to the extent the laws of Nevada are mandatorily applicable to the Transactions.




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7.12.

Assignment.  

Neither this Agreement nor any of the rights, interests or obligations under this Agreement shall be assigned, in whole or in part, by operation of law or otherwise by any of the Parties without the prior written consent of each of the other Parties.  Any purported assignment without such consent shall be void. Subject to the preceding sentences, this Agreement will be binding upon, inure to the benefit of, and be enforceable by, the Parties and their respective successors and assigns.


[ Signature Page Follows ]




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IN WITNESS WHEREOF, the parties hereto have caused this Securities Exchange Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.


Gotham Capital Holdings, Inc.



By:

Name: Carmine Catizone

Title: Chief Executive Officer



Oxys Corporation



By:

Name: Giro BiDiase

Title: Chief Executive Officer




SHAREHOLDERS:



Signature block for individuals :

Printed Name of Individual




Signature of Individual





Signature block for entities :

Printed Name of Entity



By:

Name:

Title:




[ Signature Page to Share Exchange Agreement ]




ANNEX A

Schedule of Securities Exchanged and Other Shares Delivered



 

Name and Address of Shareholder

Number of Common Units Exchanged

Total Number of Shares to be Received

1

 

 

 

2

 

 

 

3

 

 

 

4

 

 

 

5

 

 

 

6

 

 

 

7

 

 

 

8

 

 

 

9

 

 

 

10

 

 

 

11

 

 

 

12

 

 

 

13

 

 

 

14

 

 

 

15

 

 

 

16

 

 

 

17

 

 

 

18

 

 

 

19

 

 

 

20

 

 

 

21

 

 

 

22

 

 

 

23

 

 

 

24

 

 

 

 

Total

 

33,895,575









ANNEX B

Definitions


Action ” means any action, suit, inquiry, notice of violation, proceeding (including any partial proceeding such as a deposition) or investigation pending or threatened in writing before or by any court, arbitrator, governmental or administrative agency, regulatory authority (federal, state, county, local or foreign), stock market, stock exchange or trading facility.


Oxys Constituent Instruments ” means the corporate Charter and Bylaws of Oxys and such other constituent instruments of Oxys as may exist, each as amended to the date of this Agreement.


Oxys Disclosure Letter ” means the letter delivered from Oxys to Gotham concurrently herewith.


Consent ” means any material consent, approval, license, permit, order or authorization.


Contract ” means any contract, lease, license, indenture, note, bond, agreement, permit, concession, franchise or other instrument.


Exchange Act ” means the Securities Exchange Act of 1934, as amended.


Governmental Entity ” means any federal, state, local or foreign government or any court of competent jurisdiction, administrative agency or commission or other governmental authority or instrumentality, domestic or foreign, including but not limited to the SEC and FINRA.


Intellectual Property Right ” means any patent, patent right, trademark, trademark right, trade name, trade name right, service mark, service mark right, copyright and other proprietary intellectual property right and computer program.


Law ” means any statute, law, ordinance, rule, regulation, order, writ, injunction, judgment, or decree.


Lien ” means any lien, security interest, pledge, equity and claim of any kind, voting trust, stockholder agreement and other encumbrance.


Gotham Bylaws ” means the Bylaws of Gotham, as amended to the date of this Agreement.


Gotham Charter ” means the Articles of Incorporation of Gotham, as amended to the date of this Agreement.


Gotham Disclosure Letter ” means the letter delivered from Gotham to Oxys concurrently herewith.


SEC ” means the Securities and Exchange Commission.


Securities Act ” means the Securities Act of 1933, as amended.


Taxes ” means all forms of taxation, whenever created or imposed, and whether of the United States or elsewhere, and whether imposed by a local, municipal, governmental, state, foreign, federal or other Governmental Entity, or in connection with any agreement with respect to Taxes, including all interest, penalties and additions imposed with respect to such amounts.


Tax Return ” means all federal, state, local, provincial and foreign Tax returns, declarations, statements, reports, schedules, forms and information returns and any amended Tax return relating to Taxes.







CONSULTING AGREEMENT


THIS AGREEMENT is among Oxys Corporation, a Nevada corporation, (the "Company") and Pasquale Catizone (the "Consultant").


WHEREAS , the Consultant is the majority shareholder of Gotham Capital Holdings, Inc., a publicly traded company and has extensive experience with publicly traded companies; and


WHEREAS , the selling shareholders of the Company have entered into a Letter of Intent to be acquired by Gotham Capital Holdings, Inc. ( Gotham ); and


WHEREAS , the Company recognizes that the Consultant is not in the business of stock brokerage, investment advice, activities which require registration under either the Securities Act of 1933 ("the Act") or the Securities and Exchange Act of 1934 (hereinafter "Exchange Act"), underwriting, banking, is not an insurance Company, nor does it offer services to the Company which may require regulation under federal or state securities laws; and


WHEREAS , the parties agree, after having a complete understanding of the services desired and the services to be provided, that the Company desires to retain Consultant to provide such assistance through its services for the Company, and the Consultant is willing to provide such services to the Company;


NOW, THEREFORE , in consideration of the mutual covenants and promises contained herein, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:


1.   DUTIES AND INVOLVEMENT .    The Company hereby engages Consultant to provide consulting services relating to compliance issues during the transition period before and after the change of control resulting from the acquisition of the Company by Gotham ( Acquisition ).


2.  RELATIONSHIP AMONG THE PARTIES .    Consultant acknowledges that it is not an officer, director or agent of the Company, it is not, and will not, be responsible for any management decisions on behalf of the Company, and may not commit the Company to any action. The Company represents that the Consultant does not have, through stock ownership or otherwise, the power neither to control the Company, nor to exercise any dominating influences over its management.


Consultant understands and acknowledges that this Agreement shall not create or imply any agency relationship among the parties, and Consultant will not commit the Company in any manner except when a commitment has been specifically authorized in writing by the Company. The Company and the Consultant agree that the relationship among the parties shall be that of independent contractor.





3.  EFFECTIVE DATE, TERM AND TERMINATION.    This Agreement shall be effective on the date first stated therein and will continue until 120 days subsequent to the closing of the Acquisition. This Agreement can only be modified if mutually agreeable and in writing.


4.  OPTION TO RENEW AND EXTEND.   Company may renew this Agreement on the same terms by providing written notice to Consultant at any time prior to the expiration hereof.


5.  COMPENSATION AND PAYMENT OF EXPENSES.   The Company will pay Consultant $25,000 upon the signing of this agreement and $50,000 at the closing of the Acquisition.  The Company may prepay the amounts due without penalty.

 

Other forms of compensation may occur depending on the nature of a specific project and only upon the mutual agreement of both parties.


6.  SERVICES NOT EXCLUSIVE.    Consultant shall devote such of its time and effort necessary to the discharge of his duties hereunder. The Company acknowledges that Consultant is engaged in other business activities, and that he will continue such activities during the term of this Agreement. Consultant shall not be restricted from engaging in other business activities during the term of this Agreement.


7.  CONFIDENTIALITY.    Consultant acknowledges that he may have access to confidential information regarding the Company and its business. Consultant agrees that he will not, during or subsequent to the term of this Agreement, divulge, furnish or make accessible to any person (other than with the written permission of the Company) any knowledge or information or plans of the Company with respect to the Company or its business, including, but not by way of limitation, the products of the Company, whether in the concept or development stage, or being marketed by the Company on the effective date of this Agreement or during the term hereof.  


8.  COVENANT NOT TO COMPETE.   During the term of this Agreement, Consultant warrants, represents and agrees that it will not directly participate in the information developed for and by the Company, and will not compete directly with the Company in the Company's primary industry or related fields.


9.  INDEMNIFICATION.   Company agrees to indemnify and hold harmless the Consultant and its respective agents and employees, against any losses, claims, damages or liabilities, joint or several, to which either party, or any such other person, may become subject, insofar as such losses, claims, damages or liabilities (or actions, suits or proceedings in respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement of any material fact contained in the registration statement, any preliminary prospectus, the prospectus, or any amendment or supplement thereto; or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein, or necessary to make the statements therein not misleading; and will reimburse the Consultant, or any such other person, for any legal or other expenses reasonably incurred by the Consultant, or any such other person, in connection with investigation or defending any such loss, claim, damage, liability, or action, suit or proceeding.


10.  MISCELLANEOUS PROVISIONS.  


Section A - Time.  Time is of the essence of this Agreement.  


Section B - Presumption. This Agreement or any section thereof shall not be construed against any party due to the fact that said Agreement or any section thereof was drafted by said party.  


Section C - Computation of Time.  In computing any period of time pursuant to this Agreement, the day of the act, event or default from which the designated period of time begins to run shall be included, unless it is a Saturday, Sunday or a legal holiday, in which event the period shall begin to run on the next day which is not a Saturday, Sunday or a legal holiday, in which event the period shall run until the end of the next day thereafter which is not a Saturday, Sunday or legal holiday.  


Section D - Titles and Captions .  All article, section and paragraph titles or captions contained in this Agreement are for convenience only and shall not be deemed part of the context nor affect the interpretation of this Agreement.  Section e   Pronouns and Plurals. All pronouns and any variations thereof shall be deemed to refer to the masculine, feminine, neuter, singular or plural as the identity of the Person or Persons may require.  


Section F- Further Action.  The parties hereto shall execute and deliver all documents, provide all information and take or forbear from all such action as may be necessary or appropriate to achieve the purposes of this Agreement.  


Section G - Good Faith, Cooperation and Due Diligence.  The parties hereto covenant, warrant and represent to each other good faith, complete cooperation, due diligence and honesty in fact in the performance of all obligations of the parties pursuant to this Agreement. All promises and covenants are mutual and dependent.  


Section H - Savings Clause.  If any provision of this Agreement, or the application of such provision to any person or circumstance, shall be held invalid, the remainder of this Agreement, or the application of such provision to persons or circumstances other than those as to which it is held invalid, shall not be affected thereby.


Section I - Assignment.  This Agreement may not be assigned by either party hereto without the written consent of the other, but shall be binding upon the successors of the parties.  



Section J -  Arbitration.

i.

If a dispute arises out of or relates to this Agreement, or the breach thereof, and if said dispute cannot be settled through direct discussion, the parties agree to first endeavor to settle the dispute in an amicable manner by mediation under the Commercial Mediation Rules of the American Arbitration Association before resorting to arbitration. Thereafter, any unresolved controversy or claim arising out of or relating to this Agreement or a breach thereof shall be settled by arbitration in accordance with the rules of the American Arbitration Association, and judgment upon the award rendered by the Arbitrator may be entered in any court having jurisdiction thereof.

ii.

Any provisional remedy, which would be available from a court of law, shall be available to the parties to this Agreement from the Arbitrator pending arbitration.

iii.

The situs of the arbitration shall be Volusia County, Florida.

iv.

In the event that a dispute results in arbitration, the parties agree that the prevailing party shall be entitled to reasonable attorney's fees to be fixed by the arbitrator.


Section K - Notices. All notices required or permitted to be given under this Agreement shall be given in writing and shall be delivered, either personally or by express delivery service, to the party to be notified. Notice to each party shall be deemed to have been duly given upon delivery, personally or by courier (such as Federal Express or similar express delivery service), addressed to the attention of the officer at the address set forth heretofore, or to such other officer or addresses as either party may designate, upon at least ten (10) days' written notice, to the other party.  


Section L - Governing law. The Agreement shall be construed by and enforced in accordance with the laws of the State of Nevada.  


Section M - Entire agreement. This Agreement contains the entire understanding and agreement among the parties. There are no other agreements, conditions or representations, oral or written, express or implied, with regard thereto. This Agreement may be amended only in writing signed by all parties.  


Section N - Waiver.  A delay or failure by any party to exercise a right under this Agreement, or a partial or single exercise of that right, shall not constitute a waiver of that or any other right.  


Section O - Counterparts .  This Agreement may be executed in duplicate counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same Agreement. In the event that the document is signed by one party and faxed to another the parties agree that a faxed signature shall be binding upon the parties to this agreement as though the signature was an original.


Section P -  Successors.  The provisions of this Agreement shall be binding upon all parties, their successors and assigns.  


Section Q - Counsel.  The parties expressly acknowledge that each has been advised to seek separate counsel for advice in this matter and has been given a reasonable opportunity to do so.           


IN WITNESS WHEREOF , the parties hereto have executed and delivered this Agreement to be effective as of the day and year provided herein.  


COMPANY:


Oxys Corporation




By:  Giro DiBiase, CEO


CONSULTANT:




Pasquale Catizone