Nevada
|
2842
|
99-0360497
|
||
(State or other jurisdiction of
incorporation or organization)
|
(Primary Standard Industrial
Classification Code Number)
|
(I.R.S. Employer
Identification No.)
|
TITLE OF EACH
CLASS OF SECURITIES
TO BE REGISTERED
|
AMOUNT TO BE
REGISTERED
|
PROPOSED MAXIMUM OFFERING
PRICE PER
SHARE (1)
|
PROPOSED MAXIMUM AGGREGATE OFFERING
PRICE (1)
|
AMOUNT OF REGISTRATION FEE (1)
|
||||||||||
Common Stock
|
2,950,000 shares
|
$ | 0.01 | $ | 29,500 | $ | 2.10 | |||||||
(1)
|
Estimated solely for the purpose of calculating the registration fee in accordance with Rule 457(a) under the Securities Act of 1933, as amended.
|
Offering Price
|
Underwriting
Discounts and
Commissions
|
Proceeds to Selling Shareholders
|
|||||||
Per Share
|
$ | 0.01 |
None
|
$ | 0.01 | ||||
Total
|
$ | 29,500 |
None
|
$ | 29,500 |
|
Page |
Securities Being Offered
|
Up to 2,950,000 shares of our common stock.
|
Offering Price
|
The offering price of the common stock is $0.01 per share. We intend to apply to the NASD Over-the-Counter Bulletin Board electronic quotation service to allow the trading of our common stock upon our becoming a reporting entity under the Securities Exchange Act of 1934. If our common stock becomes so traded and a market for the stock develops, the actual price of stock will be determined by prevailing market prices at the time of sale or by private transaction negotiated by the selling shareholders. The offering price would thus be determined by market factors and the independent decisions of the selling shareholders.
|
Minimum Number of Shares
|
None
|
To Be Sold in This Offering
|
|
Securities Issued
and to be Issued
|
5,950,000 shares of our common stock are issued and outstanding as of the date of this prospectus. All of the common stock to be sold under this prospectus will be sold by existing shareholders and thus there will be no increase in our issued and outstanding shares as a result of this offering. The issuance to the selling shareholders was exempt due to the provisions of Regulation S.
|
Use of Proceeds
|
We will not receive any proceeds from the sale of the common stock by the selling shareholders.
|
Balance Sheet Data
|
June 30, 2010 (audited)
|
|||
Cash
|
$ | 44,561 | ||
Total Current Assets
|
$ | 44,561 | ||
Liabilities
|
$ | 652 | ||
Total Stockholder’s Equity
|
$ | 43,909 |
Statement of Loss and Deficit
|
From Inception (June 24, 2009)
to
June 30, 2010 (audited)
|
|||
June 30, 2010 (audited)
|
||||
Revenue
|
$ | - | ||
Net Loss for the Period
|
$ | 5,582 |
●
|
the evolving demand for our service;
|
●
|
our ability or inability to arrange for financing;
|
●
|
our ability to manage expenses;
|
●
|
changes in our pricing policies or our competitors; and
|
●
|
global economic and political conditions.
|
1.
|
The number of shares owned by each prior to this offering;
|
2.
|
The total number of shares that are to be offered by each;
|
3.
|
The total number of shares that will be owned by each upon completion of the offering;
|
4.
|
The percentage owned by each upon completion of the offering; and
|
5.
|
The identity of the beneficial holder of any entity that owns the shares.
|
Name Of Selling Stockholder
|
Shares
Owned Prior
to this
Offering
|
Total Number
of
Shares to Be
Offered for Selling
Shareholder
Account
|
Total Shares
to be Owned
Upon
Completion of this
Offering
|
Percent
Owned Upon
Completion of this
Offering
|
||||
Brenda Aines
|
100,000
|
100,000
|
Nil
|
Nil
|
||||
Tim Brooks
|
50,000
|
50,000
|
Nil
|
Nil
|
||||
Monique Chelsom
|
150,000
|
150,000
|
Nil
|
Nil
|
||||
Krisanne Dierijck
|
50,000
|
50,000
|
Nil
|
Nil
|
||||
Margaret Doell
|
100,000
|
100,000
|
Nil
|
Nil
|
||||
Bill Evans
|
100,000
|
100,000
|
Nil
|
Nil
|
||||
Elizabeth Evans
|
50,000
|
50,000
|
Nil
|
Nil
|
||||
Kevin Evans
|
100,000
|
100,000
|
Nil
|
Nil
|
||||
Leonard Evans
|
50,000
|
50,000
|
Nil
|
Nil
|
||||
Wade Evans
|
100,000
|
100,000
|
Nil
|
Nil
|
||||
Iryna Gel
|
50,000
|
50,000
|
Nil
|
Nil
|
||||
Bradley Gingerich
|
100,000
|
100,000
|
Nil
|
Nil
|
Kim Gingerich
|
100,000
|
100,000
|
Nil
|
Nil
|
||||
Donna Halendy
|
50,000
|
50,000
|
Nil
|
Nil
|
||||
Troy Hannon
|
50,000
|
50,000
|
Nil
|
Nil
|
||||
Roy Hayter
|
150,000
|
150,000
|
Nil
|
Nil
|
||||
Sandra Hayter
|
150,000
|
150,000
|
Nil
|
Nil
|
||||
Andrea Kroeger
|
100,000
|
100,000
|
Nil
|
Nil
|
||||
Sergiy Litvinov
|
50,000
|
50,000
|
Nil
|
Nil
|
||||
Yuriy Litvinov
|
50,000
|
50,000
|
Nil
|
Nil
|
||||
Ken Mischki
|
100,000
|
100,000
|
Nil
|
Nil
|
||||
Cathy Miyauchi
|
100,000
|
100,000
|
Nil
|
Nil
|
||||
Jenny O’Donnel
|
100,000
|
100,000
|
Nil
|
Nil
|
||||
Mike Pedersen
|
100,000
|
100,000
|
Nil
|
Nil
|
||||
Lena Ross
|
100,000
|
100,000
|
Nil
|
Nil
|
||||
Wesley Sabulka
|
100,000
|
100,000
|
Nil
|
Nil
|
||||
Conny Sarvari
|
100,000
|
100,000
|
Nil
|
Nil
|
||||
Yuriy Synenko
|
50,000
|
50,000
|
Nil
|
Nil
|
||||
Lisa Thompson
|
100,000
|
100,000
|
Nil
|
Nil
|
||||
Brandon Tyers
|
100,000
|
100,000
|
Nil
|
Nil
|
||||
Cherie Tyers
|
100,000
|
100,000
|
Nil
|
Nil
|
||||
Deborah Whitton
|
150,000
|
150,000
|
Nil
|
Nil
|
||||
Si Xing
|
50,000
|
50,000
|
Nil
|
Nil
|
||||
Total
|
2,950,000
|
2,950,000
|
Nil
|
Nil
|
(1)
|
has had a material relationship with us other than as a shareholder at any time within the past three years; or
|
(2)
|
has ever been one of our officers or directors.
|
1.
|
On such public markets as the common stock may from time to time be trading;
|
2.
|
In privately negotiated transactions;
|
3.
|
Through the writing of options on the common stock;
|
4.
|
In short sales; or
|
5.
|
In any combination of these methods of distribution.
|
1.
|
The market price of our common stock prevailing at the time of sale;
|
2.
|
A price related to such prevailing market price of our common stock; or
|
3.
|
Such other price as the selling shareholders determine from time to time.
|
1.
|
Not engage in any stabilization activities in connection with our common stock;
|
2.
|
Furnish each broker or dealer through which common stock may be offered, such copies of this prospectus, as amended from time to time, as may be required by such broker or dealer; and
|
3.
|
Not bid for or purchase any of our securities or attempt to induce any person to purchase any of our securities other than as permitted under the Exchange Act.
|
1.
|
Mobile devices are in constant use, virtually all day and all night.
|
2.
|
These devices are filled with bacteria which can make them unhealthy if not cleaned and sanitized
|
■
|
They kill germs / bacteria in addition to cleaning the unit.
|
■
|
The amount and type of cleaning solution does not harm the unit and dries quickly.
|
■
|
Wireless Wipes™ are the ultimate in convenience – they are packaged in a very handy pouch that can easily accompany the person wherever they go – as opposed to bulky plastic dispensers or spray bottles
|
■
|
They are designed to have an attractive retail price point and are very amenable to placement at point of sale units.
|
●
|
New and unique product with a well-defined need in the marketplace.
|
●
|
Proven distribution strategy.
|
●
|
Good partners.
|
●
|
Cost effective strategy
|
Wireless Wipes™ is a new, revolutionary sanitizer designed specifically to clean mobile phones, PDA’s (personal digital assistants) and laptop computer screens. They are fast drying to prevent moisture damage, non-streaking and non-corrosive with a pleasant green tea-cucumber scent. Wireless Wipes™ comes in 10-count re-sealable pouches which can fit neatly in a shirt or jacket pocket.
Traditional wipes come in use different cleaning technologies and come in different shapes, sizes, and delivery systems. Nothing on the market is as effective and convenient as Wireless Wipes to clean and disinfect portable devices.
|
Feature
|
Wireless Wipes | |
Type of job
|
● |
Specifically designed for small mobile devices, which has an impact on each aspect of its design.
|
Ability to clean / disinfect.
|
● |
The chemical formulation for Wireless Wipes was in development for two years in order to create a highly absorbent, alcohol based sanitizer that
Œ
cleans, sanitizes, and
Ž
does not harm the sensitive screens and electronics of mobile devices.
Wireless Wipes are fast drying to prevent moisture damage, non-streaking and non-corrosive.
|
Types of material (cloth, paper, etc.).
|
● |
Material used does not streak or scratch display screens.
|
Degree of wetness.
|
● |
Wireless Wipes have been specifically designed to have a uniform amount of solution in each wipe – an amount sufficient to do an effective job while not too much so as to harm the unit.
|
How dispensed /
packaging (plastic tubs,
spray bottle, etc.)
|
● |
Wireless Wipes are packaged to enable the ultimate in convenience – a re-sealable 10-pack pouch. No spray bottle or bulky plastic container.
|
1.
|
People use their mobile devices constantly, virtually all day and all night.
|
2.
|
These devices are filled with bacteria which can make them unhealthy if not cleaned and sanitized.
|
■
|
They kill germs / bacteria.
|
■
|
They effectively clean the unit.
|
■
|
The amount and type of cleaning solution does not harm the unit.
|
■
|
They are convenient – packaged in a very convenient pouch rather than bulky dispensers or spray bottles – accordingly they are very portable and can accompany the owner on their person easily.
|
■
|
Convenient size of wipes.
|
■
|
Pleasant odor.
|
Production.
All aspects of manufacturing have been set up by Wireless Wipes and will occur at the California plant which has been, with all aspects managed by Wireless Wipes, based in New York state.
Shipment to Canada.
Minimum order size for Berry Only is for 400 pouches, at a cost of US $560 (US $1.40). This is a delivered price to a Canadian destination (including shipment directly to a Berry Only customer).
Retail point of sale displays are provided by Wireless Wipes (approximately 5 displays per 400 ordered, or as needed by Berry Only).
Pricing strategy
Retail price points will be selected based on the following:
|
●
|
Given relatively low barriers to entry, an exorbitant price point will promote new competition and switching allegiances in short order.
|
●
|
The nature of the product and the ability to price it from $3.00 - $4.00 make it a perfect item for impulse point of sale purchases.
|
●
|
The price point will ensure that all parties in the manufacturing / delivery / retail chain will receive standard returns.
|
●
|
Manufacturer agrees to properly pack all items for shipment. Pricing is FOB Manufacturer's plant.
|
●
|
Minimum orders of US $560. Product will be prepaid as agreed by both parties.
|
●
|
4 week lead time for all orders.
|
●
|
Annual distribution of 20,000 pouches is expected or agreement becomes null and void.
|
1.
|
Individual Consumers
. The first segment is individual consumers who are purchasing Wireless Wipes™ for personal use. These individuals are conscious consumers who are looking for quick and convenient ways to safeguard their personal hygiene by keeping personal technology germ-free. Demographics for this group are urban professionals leading a busy, technology saturated lifestyle.
|
2.
|
Institutional Users
. This consists of large potential purchasers of Wireless Wipes™ that have a desire to keep their business equipment as germ free as possible. These include schools, offices, and IT departments.
|
■
|
Major hygiene / sanitizing product distributors
. This will include distributors that deal in sanitizing products such as Purell (
www.purell.com
), a major hand sanitizing product that enjoys wide placement throughout Canada. Indications are that they are very interested in also distributing Wireless Wipes expected to in turn will distribute Wireless Wipes™ in Canada to their customers.
|
■
|
Major regional cell phone retailers
. There are a large number of strong, regional cell phone retailers in each major market area. These can be sourced by simply going to the service providers website (i.e. telus.com, rogers.com) and visit their store locator page. These stores are all independently owned and operated and are largely regionally based. These retailers all aggressively market cell phone accessories and U.S. experience and early efforts in Canada all indicate that these retailers are very interested in selling Wireless Wipes™.
|
Major Cell Phone Retailers (incomplete sample list)
– Greater Toronto Area
|
|||
●
●
●
●
●
●
|
360 DOTCONNECT
Alcom Enterprises Inc.
Aztech Communications
Bungee Wireless
CellCity Communications
Clearly Mobile
|
●
●
●
●
●
|
Fox Wireless Communications Inc.
In Touch Mobility Ltd.
New Page Telecommunications Inc.
Primeline Connections
Professional Communications Inc.
|
■
|
National Retailers
. These include national chains such as Future Shop, Business Depot, Office Depot, and UPS stores. 7-eleven is an example of a national convenience chain that sells a wide range of accessory products. In addition, general department stores are expected to carry Wireless Wipes.
|
■
|
Other retailers
. There is a range of other retailers that sell cell phone accessories, primarily card products (i.e. pay and talk cards). However, these retailers also sell a range of other accessory products. These include
gas stations
,
hotels
,
convenience stores
, and
cafes
(i.e. a large number of Starbucks stores sell cell phone cards).
|
■
|
Online retailers
. In the U.S., Wireless Wipes are already sold online, through ebay.com and other retailers. Berry Only will also target online retailers, particularly those that target the Canadian marketplace.
|
■
|
Retail customers
. Berry Only Inc. will actively utilize it’s website berryonly.com to sell directly to consumers. Price points (which include shipping) will in no cases be lower than what the consumer can purchase Wireless Wipes for at retail locations and therefore does not pose a threat to its critical central distribution mechanism.
|
♦
|
In-house sales staff – based in Toronto
. Initially, company President David Guest will spearhead this effort out of his Toronto office. Efforts here will target
national accounts
as well as working with
national distributors
such as Purell. David is also responsible for
organizing independent marketing reps
in other geographic areas.
Institutional accounts
in the Greater Toronto Area (GTA) will be handled out of the head office. As the company grows, these efforts are expected to require the efforts of more than one person and at such time, additional staff would be hired.
|
♦
|
Independent marketing representatives
. Efforts here will focus on the regional cell phone dealers and directly to local institutional accounts (hospitals, etc. as mentioned above).
|
♦
|
Use of third party distributors
. Third party distributors are obviously expected to utilize their in-house sales personnel to distribute Wireless Wipes to their customers.
|
Advertising
Point of sal
e display
. First and foremost, Wireless Wipes will be attractively displayed at the point of purchase. Virtually every person that purchases items and passes through the check out will stand a very good chance of seeing the product. Its usefulness and low price point will encourage its purchase.
Depending on cost and effectiveness, Berry Only may advertise through local technology magazines.
Traditional advertising
(i.e. traditional print such as newspapers, magazines, other media) is expected to be minimal, due to the nature of the nature of distribution / customers and nature of marketing (direct sales). Some advertising through local technology magazines is planned.
Other key strategies
. As with the U.S. experience, a much more tech-savvy online advertising strategy will be followed. Berry Only will have the ability to “piggy back” on the efforts already in place being spearheaded by Wireless Wipes. These include:
|
■
|
Pursuing a variety of
public relations
activities, including media articles (i.e. providing interesting information to organizations that facilitate news articles).
|
■
|
Posting online content / articles.
|
■
|
Getting involved / posting content on online blogs.
|
■
|
Online search engine optimization strategy.
|
■
|
All printed material such as brochures, flyers, catalogs, price sheets, packaging, and all product labels will have the URL prominently displayed.
|
■
|
There will be van and automobile decal wraps with the website and phone throughout each market area.
|
■
|
Possible use (depending on funding) of use industry portals, online directories, and paid –for advertising partner sites to draw consumers and property owners / managers to the site.
|
■
|
Educational for the public (presenting a wide variety of interesting content).
|
■
|
Effective as a sales tool for its customers and as a tool for independent sales reps.
|
■
|
FAQ
|
■
|
News articles posted online.
|
■
|
Information as to where the product is sold.
|
■
|
Sophisticated graphics design, including coo,mapping features
|
■
|
Establish reciprocal links.
|
■
|
Online store with set up of an online payment system via PayPal and major credit card through merchant account.
|
■
|
Other types of “wipes”.
As pointed out in “The Product”, there are obviously a number of cleaning and sanitizing products that have been on the market for any number of years. These come in the form of various spray products (i.e. Lysol, etc.) and wipe products. There are several issues with respect to these products, including whether they will scratch the cell phone, whether they contain too much solution and will damage the cell phone, and whether the type of solution will cause other problems. There is also the issue of convenience
|
■
|
Direct competition.
There is another product on the market, CleenCell® Wipes (
www.cleencell.com
), that has been on the market for roughly one year. Very similar claims are made to those of Wireless Wipes™. As stated on their website,
|
o
|
Cleen Cell® Wipes feature a patented formula designed to remove and prevent bacteria build-up on sensitive mobile electronics without damaging the screen or shell of the device.
|
o
|
Cleen Cell® Singles travel conveniently, providing an on the go solution for on the go devices and lifestyles. Keep them by your desk, in your purse or pocket, or in your car to use when and where needed, then dispose. It’s easy to practice good mobile hygiene with Cleen Cell® Wipes.
|
o
|
Cleen Cell® Wipes are safe on cell phones because they were designed from the ground up with cell phones in mind. We’ve been successfully testing and using them on cell phones and laptops for over one year without one complaint and countless thank yous.
|
o
|
Cleen Cell® Wipes feature a unique scratch, streak, static and lint-free cloth with special textures that reach to deep clean keypads, hinges, ear and mouthpieces and other hard to reach areas across any mobile device including digital cameras, music players, Bluetooth headsets, and other mobile electronics.
|
o
|
The Cleen Cell® disinfecting solution was designed from the ground up specifically with cell phones in mind. After much testing, calibration, and consultation with the medical community we mixed powerful germ fighting ingredients that help prevent germs on cell phones, yet are safe for the inside and outside of compact electronic devices.
|
o
|
Cleen Cell® Wipes also work great on your Bluetooth devices, digital cameras, TV remote controls, compact gaming systems, lap tops, keyboards, monitors, and more!
|
■
|
Other.
Other products are emerging, including
|
o
|
“Phone Kleen Pads “,a hospital disinfectant germicidal wipe for telephones and other telecommunications equipment. This disposable wipe kills staph and most germs on hard, non-porous surfaces. This product appears to be distributed by ANTONLINE is one of the nation's leading e-commerce suppliers of consumer electronics and computer equipment. ANTONLINE is proud to Partner with Amazon.com to provide Amazon customers with the finest products and fastest online order fulfilment in the industry. Searches failed to locate an actual website for the manufacturer and it appears that this is a product restricted to online sales only. It is also not a direct competitor to Wireless Wipes™.
|
o
|
“Fellowes Telephone Cleaning Wipes” (www.
www.fellowes.com
). 1) Pre-moistened cleaning wipes safely remove dust, dirt, and fingerprints. 2) Non-toxic, anti-static, and alcohol-free 3) Ideal for cleaning phones, headsets, or any equipment that comes in contact with the ear, mouth, or face 4) 100 ct. tub. Their website does not state that it kills germs or is safe for cell phones. Although this product has an attractive price point (US $11.37 for 100 wipes) it also comes in a relatively unattractive and large plastic “tub” that has virtually no convenience features.
|
■
|
Wireless Xcessories Group
(
www.wirexgroup.com
), a leading provider of cell phone accessories to dealers, distributors, retailers, agents and airtime carriers throughout the United States and Canada. Formed in 1988, they have created a variety of product lines, totaling over 3,000 items designed to appeal to the widest possible spectrum of wholesale buyers. Additionally, Wireless Xcessories supports our customers with a wide assortment of Value Added services, including customized retail packaging, displays, posters, marketing, and sales training materials, and free e-commerce websites.
|
■
|
Wireless Giant
(
www.wirelessgiant.com
). Founded in 1996, Wireless Giant is an innovative wireless technology retailer specializing in cellular products and services. Headquartered in Madison Heights, Michigan, the company operates over 60 stores as well as a leading wholesale enterprise, the WirelesseMall.com. Wireless Giant offers multi-carrier options with several industry giants, and prides itself on the ability to provide all the services of wireless carriers. Wireless Giant maintains relationships with leading carriers and vendors for wireless products and is the “one-stop shop” for any wireless necessity. Wireless Giant has retail opportunities available and is positioned to become one of the nation’s top wireless retailers.
|
■
|
Wireless Zone
(
www.wirelesszone.com
). At the dawn of the cell phone age, Wireless Zone® founder Russ Weldon started an instantly successful business called "The Car Phone Store" in Wethersfield, CT, in 1988. Their franchising model has proven highly successful and a count of retail stores on their website lists nearly 400 locations, primarily focused in the East, Southeast, and parts of the Midwest.
|
■
|
Airport Wireless / Techshowcase (
www.techshowcase.com
,
www.airportwireless.com
). Techshowcase™ was conceived to meet the demand of the business traveler for high technology mobile electronics. These are people who otherwise may not have the opportunity to personally test sophisticated mobile devices before purchasing. In an age when every moment matters, Techshowcase stores will provide the business traveler the extraordinary opportunity to put airport dwell time to productive use. Techshowcase - 16 airport locations. Airport Wireless - 25 airport locations.
|
■
|
Wireless Paradise (
www.wirelessparadise.biz
). Based in Elizabethtown, KY, Wireless Paradise is a franchise with a mission to build the largest nationwide network of the best of the best in the wireless retail industry. Products include a full line of accessories, car chargers, wall chargers, desk chargers, cases, holsters, Bluetooth, headsets, batteries, car kits, data Items, miscellaneous, and GPS Applications.
|
BER
RY
ONLY INC.
|
||||||||
Balance Sheet
|
||||||||
as at June 30,
|
||||||||
ASSETS
|
||||||||
2010
|
2009
|
|||||||
Current Assets
|
||||||||
Cash and Cash Equivalents
|
$ | 44,561 | $ | - | ||||
TOTAL ASSETS
|
$ | 44,561 | $ | - | ||||
LIABILITIES & STOCKHOLDERS' EQUITY
|
||||||||
Current Liabilities
|
||||||||
Accounts Payable
|
$ | 652 | $ | - | ||||
Stockholders' Equity
|
||||||||
Preferred Stock, $0.001 par value, 5,000,000 shares authorized;
|
||||||||
none outstanding as at June 30, 2010 and 2009.
|
||||||||
Common Stock, $0.001 par value, 75,000,000 shares authorized,
|
||||||||
5,950,000 issued and outstanding as at June 30, 2010,
|
||||||||
none issued and outstanding as at June 30, 2009
|
5,950 | - | ||||||
Additional paid-in capital
|
43,550 | - | ||||||
Accumulated other income (loss)
|
(9 | ) | - | |||||
Deficit
|
(5,582 | ) | - | |||||
Total Stockholders' Equity
|
43,909 | - | ||||||
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
|
$ | 44,561 | $ | - |
BE
RRY
ONLY INC.
|
||||||||||||||||
Statement of Operations and Consolidated Loss
|
||||||||||||||||
For the 3 months and period ended
|
For the year and period ended
|
|||||||||||||||
June 30
|
June 30,
|
|||||||||||||||
2010
|
2009
|
2010
|
2009
|
|||||||||||||
Revenues
|
$ | - | $ | - | $ | - | $ | - | ||||||||
Selling, General and Administrative Expenses
|
||||||||||||||||
Professional Fees
|
- | - | 4,432 | - | ||||||||||||
Other Selling General & Administrative
|
863 | - | 1,150 | - | ||||||||||||
Total Expenses
|
863 | - | 5,582 | - | ||||||||||||
Operating Loss
|
(863 | ) | - | (5,582 | ) | - | ||||||||||
Net Income (Loss)
|
(863 | ) | - | (5,582 | ) | - | ||||||||||
Currency translation adjustment
|
- | - | (9 | ) | - | |||||||||||
Comprehensive Loss
|
$ | (863 | ) | $ | - | $ | (5,591 | ) | $ | - | ||||||
Net Income (Loss) per share,
|
||||||||||||||||
basic and diluted
|
$ | (0.000 | ) | $ | - | $ | (0.002 | ) | $ | - | ||||||
Weighted average number of shares
|
||||||||||||||||
outstanding, basic and diluted
|
5,783,333 | - | 2,489,583 | - |
BER
RY
ONLY INC.
|
||||||||||||||||||||||||
Statement of Stockholders' Equity (Deficit)
|
||||||||||||||||||||||||
For the period from Incorporation, June 24, 2009, to June 30, 2010
|
||||||||||||||||||||||||
Accumulated
|
||||||||||||||||||||||||
Additional
|
Other
|
|||||||||||||||||||||||
Common Stock
|
Paid-in
|
Comprehensive
|
||||||||||||||||||||||
Shares
|
Amount
|
Capital
|
Income/(Loss)
|
Deficit
|
Total
|
|||||||||||||||||||
Balances at Incorporation,
|
||||||||||||||||||||||||
June 24, 2009
|
- | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||
Net income (loss) for the period
|
||||||||||||||||||||||||
ended June 30, 2009
|
- | - | - | |||||||||||||||||||||
Balances at June 30, 2009
|
- | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||||
Aug. 26, 2009: Common stock
|
||||||||||||||||||||||||
issued for cash at $0.005 per share
|
2,000,000 | 2,000 | 8,000 | 10,000 | ||||||||||||||||||||
Mar.-May, 2010: Common stock
|
||||||||||||||||||||||||
issued for cash at $0.01 per share
|
2,950,000 | 2,950 | 26,550 | 29,500 | ||||||||||||||||||||
Apr. 29, 2010: Common stock
|
||||||||||||||||||||||||
issued for cash at $0.01 per share
|
1,000,000 | 1,000 | 9,000 | 10,000 | ||||||||||||||||||||
Net loss, year ended June 30, 2010
|
(9 | ) | (5,582 | ) | (5,591 | ) | ||||||||||||||||||
Balances at June 30, 2010
|
5,950,000 | $ | 5,950 | $ | 43,550 | $ | (9 | ) | $ | (5,582 | ) | $ | 43,909 |
BERRY ONLY
INC.
|
||||||||||||||||
Statement of Cash Flows
|
||||||||||||||||
For the 3 months and period ended
|
For the year and period ended
|
|||||||||||||||
June 30,
|
June 30,
|
|||||||||||||||
2010
|
2009
|
2010
|
2009
|
|||||||||||||
Cash Flows From Operating Activities
|
||||||||||||||||
Net Income (Loss)
|
(863 | ) | - | (5,582 | ) | - | ||||||||||
Adjustments to reconcile net loss to
|
||||||||||||||||
net cash used by operating activities:
|
- | - | - | - | ||||||||||||
Changes in operating assets and liabilities
|
||||||||||||||||
Accounts payable
|
652 | - | 652 | - | ||||||||||||
Net cash used in operating activities
|
(211 | ) | - | (4,930 | ) | - | ||||||||||
Cash Flows From Investing activities
|
||||||||||||||||
Net cash used in investing activities
|
- | - | - | - | ||||||||||||
Cash Flows From Financing Activities
|
||||||||||||||||
Sale of stock for cash
|
37,500 | 49,500 | ||||||||||||||
Net cash provided by Financing Activities
|
37,500 | - | 49,500 | - | ||||||||||||
Effects of exchange rates on cash
|
- | - | (9 | ) | - | |||||||||||
Net increase in cash
|
37,289 | - | 44,561 | - | ||||||||||||
Cash at beginning of period
|
7,272 | - | - | - | ||||||||||||
Cash at end of period
|
$ | 44,561 | $ | - | $ | 44,561 | $ | - | ||||||||
Supplemental cash flow information
|
||||||||||||||||
Interest paid
|
$ | - | $ | - | $ | - | $ | - | ||||||||
Income Taxes paid
|
$ | - | $ | - | $ | - | $ | - |
-
|
Level 1: Quoted prices in active markets for identical assets or liabilities
|
-
|
Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities.
|
-
|
Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.
|
|
2010
|
2009 | ||||||
Numerato
r:
|
||||||||
Basic and diluted net loss per share:
|
||||||||
Net Loss
|
$ | (5,591 | ) | $ | (0 | ) | ||
Denominator:
|
||||||||
Basic and diluted weighted average number of shares outstanding
|
2,489,583 | 0 | ||||||
Basic and Diluted Net Loss Per Share:
|
$ | (0.002 | ) | $ | (0.000 | ) |
August 26, 2009
|
2,000,000
|
shares | $ | 10,000 | ||
April 29, 2010
|
1,000,000
|
shares | 10,000 | |||
Total
|
3,000,000
|
shares | $ | 20,000 |
●
|
Berry Only Inc. has incurred both accountant and attorney fees in the set up of the business.
|
●
|
Set up computer system: The computer system will be used for correspondence, accounting purposes as well as to develop marketing and sales information.
|
●
|
Assorted types of paper and stationery: Personalized with a logo, return addresses, etc. for catalogs, and brochures.
|
●
|
Office furniture
|
●
|
Together with Wireless Wipes™, Berry Only has begun development of marketing materials, including logo design, website and business cards.
|
●
|
Signed the exclusive agreement with Wireless Wipes™.
|
●
|
Researched and written the Wireless Wipes business plan.
|
●
|
Finish computer system setup. The computer system will ultimately include a computer stations, printers, fax/scanner, and a broadband Internet connection: Berry Only Inc. will use Microsoft Office and Simply Accounting as their preferred software.
|
●
|
Secure an initial supply of Wireless Wipes™
|
●
|
Develop 3
rd
party distributor relationships.
|
●
|
Development of marketing materials.
|
●
|
Develop the Wireless Wipes website (part of Berry Only).
|
●
|
Further develop and implement detailed advertising strategies both online and offline.
|
Name
|
Age
|
Position(s) and Office(s) Held
|
||
David Guest
|
39
|
President, Chief Executive Officer, Chief Financial Officer, and Director
|
SUMMARY COMPENSATION TABLE
|
||||||||||||||||||||||||||||||||||
Name
and
principal
position
|
Year
|
Salary
($)
|
Bonus
($)
|
Stock Awards
($)
|
Option
Awards
($)
|
Non-Equity
Incentive Plan
Compensation
($)
|
Nonqualified
Deferred
Compensation
Earnings ($)
|
All Other
Compensation
($)
|
Total
($)
|
|||||||||||||||||||||||||
David Guest,
|
2009
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
CEO, CFO, President, Secretary-Treasurer, & Director | 2010 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END
|
||||||||||||||||||||||||||||||||||||
OPTION AWARDS
|
STOCK AWARDS
|
|||||||||||||||||||||||||||||||||||
Name
|
Number of
Securities
Underlying
Unexercised
Options
(#)
Exercisable
|
Number of
Securities
Underlying
Unexercised
Options
(#)
Unexercisable
|
Equity
Incentive
Plan
Awards:
Number of
Securities
Underlying
Unexercised
Unearned
Options
(#)
|
Option
Exercise
Price
($)
|
Option
Expiration
Date
|
Number
of
Shares
or Shares
of
Stock
That
Have
Not
Vested
(#)
|
Market
Value
of
Shares
or
Shares
of
Stock
That
Have
Not
Vested
($)
|
Equity
Incentive
Plan
Awards:
Number
of
Unearned
Shares,
Shares or
Other
Rights
That Have
Not
Vested
(#)
|
Equity
Incentive
Plan
Awards:
Market or
Payout
Value of
Unearned
Shares,
Shares or
Other
Rights
That
Have
Not
Vested
(#)
|
|||||||||||||||||||||||||||
David Guest
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
DIRECTOR COMPENSATION
|
||||||||||||||||||||||||||||
Name
|
Fees Earned
or
Paid in
Cash
($)
|
Stock Awards
($)
|
Option Awards
($)
|
Non-Equity
Incentive
Plan
Compensation
($)
|
Non-Qualified
Deferred
Compensation
Earnings
($)
|
All
Other
Compensation
($)
|
Total
($)
|
|||||||||||||||||||||
David Guest
|
0 | 0 | 0 | 0 | 0 | 0 | 0 |
Title of class
|
Name and address of beneficial owner
|
Amount of
beneficial
ownership
|
Percent of class*
|
|||||||
Common
|
David Guest
722B Kingston Rd
Toronto, ON M4E 1R7
|
3,000,000 | 50.42 | % | ||||||
Common
|
Total all executive officers and directors
|
3,000,000 | 50.42 | % | ||||||
Common
|
5% Shareholders
|
|||||||||
None
|
Securities and Exchange Commission registration fee
|
$ | 2.10 | ||
Federal Taxes
|
$ | 0 | ||
State Taxes and Fees
|
$ | 0 | ||
Transfer Agent Fees
|
$ | 0 | ||
Accounting fees and expenses
|
$ | 2,500 | ||
Legal fees and expenses
|
$ | 5,000 | ||
Total
|
$ | 7,502.10 |
1.
|
a willful failure to deal fairly with the company or its shareholders in connection with a matter in which the director has a material conflict of interest;
|
2.
|
a violation of criminal law (unless the director had reasonable cause to believe that his or her conduct was lawful or no reasonable cause to believe that his or her conduct was unlawful);
|
3.
|
a transaction from which the director derived an improper personal profit; and
|
4.
|
willful misconduct.
|
1.
|
such indemnification is expressly required to be made by law;
|
2.
|
the proceeding was authorized by our Board of Directors;
|
3.
|
such indemnification is provided by us, in our sole discretion, pursuant to the powers vested in us under Nevada law; or;
|
4.
|
such indemnification is required to be made pursuant to the bylaws.
|
BERRY ONLY INC. | |||
By: |
/s/
David Guest
|
||
David Guest
|
|||
President, Chief Executive Officer, Chief Financial Officer,
Principal Accounting Officer and sole Director
|
By: | /s/ David Guest | |
David Guest | ||
President, Chief Executive Officer, Chief Financial Officer, | ||
Principal Accounting Officer and sole Director | ||
August 17, 2010 |
a)
|
No business, other than the election of the chairman or the adjournment of the meeting, will be transacted at an annual or special meeting unless a quorum of shareholders, entitled to attend and vote, is present at the commencement of the meeting, but the quorum need not be present throughout the meeting.
|
b)
|
Except as otherwise provided in these Bylaws, a quorum is two persons present and being, or representing by proxy, shareholders of the Corporation.
|
c)
|
If within half an hour from the time appointed for an annual or special meeting a quorum is not present, the meeting shall stand adjourned to a day, time and place as determined by the chairman of the meeting.
|
a)
|
Each shareholder entitled to vote at an annual or special meeting may do so either in person or by proxy. A form of proxy must be in writing under the hand of the appointor or of his or her attorney duly authorized in writing, or, if the appointor is a corporation, either under the seal of the corporation or under the hand of a duly authorized officer or attorney. A proxyholder need not be a shareholder of the Corporation.
|
b)
|
A form of proxy and the power of attorney or other authority, if any, under which it is signed or a facsimiled copy thereof must be deposited at the registered office of the Corporation or at such other place as is specified for that purpose in the notice convening the meeting. In addition to any other method of depositing proxies provided for in these Bylaws, the Directors may from time to time by resolution make regulations relating to the
|
|
depositing of proxies at a place or places and fixing the time or times for depositing the proxies not exceeding 48 hours (excluding Saturdays, Sundays and holidays) preceding the meeting or adjourned meeting specified in the notice calling a meeting of shareholders.
|
a)
|
The first Board of Directors of the Corporation, and all subsequent Boards of the Corporation, shall consist of not less than one (1) and not more than nine (9) directors. The number of Directors may be fixed and changed from time to time by ordinary resolution of the shareholders of the Corporation.
|
b)
|
The first Board of Directors shall hold office until the first annual meeting of shareholders and until their successors have been duly elected and qualified or until there is a decrease in the number of directors. Thereinafter, Directors will be elected at the annual meeting of shareholders and shall hold office until the annual meeting of the shareholders next succeeding his or her election, or until his or her prior death, resignation or removal. Any Director may resign at any time upon written notice of such resignation to the Corporation.
|
c)
|
A casual vacancy occurring in the Board may be filled by the remaining Directors.
|
d)
|
Between successive annual meetings, the Directors have the power to appoint one or more additional Directors but not more than 1/2 of the number of Directors fixed at the last shareholder meeting at which Directors were elected. A Director so appointed holds office only until the next following annual meeting of the Corporation, but is eligible for election at that meeting. So long as he or she is an additional Director, the number of Directors will be increased accordingly.
|
e)
|
A Director is not required to hold a share in the capital of the Corporation as qualification for his or her office.
|
a)
|
The Board of Directors shall be responsible for the control and management of the business and affairs, property and interests of the Corporation, and may exercise all powers of the Corporation, except for those powers conferred upon or reserved for the shareholders or any other persons as required under Nevada state law, the Corporation's Articles of Incorporation or by these Bylaws.
|
b)
|
The remuneration of the Directors may from time to time be determined by the Directors or, if the Directors decide, by the shareholders.
|
a)
|
The President of the Corporation shall preside as chairman at every meeting of the Directors, or if the President is not present or is willing to act as chairman, the Directors present shall choose one of their number to be chairman of the meeting.
|
b)
|
The Directors may meet together for the dispatch of business, and adjourn and otherwise regulate their meetings as they think fit. Questions arising at a meeting must be decided by a majority of votes. In case of an equality of votes the chairman does not have a second or casting vote. Meetings of the Board held at regular intervals may be held at the place and time upon the notice (if any) as the Board may by resolution from time to time determine.
|
c)
|
A Director may participate in a meeting of the Board or of a committee of the Directors using conference telephones or other communications facilities by which all Directors participating in the meeting can hear each other and provided that all such Directors agree to such participation. A Director participating in a meeting in accordance with this Bylaw is deemed to be present at the meeting and to have so agreed. Such Director will be counted in the quorum and entitled to speak and vote at the meeting.
|
d)
|
A Director may, and the Secretary on request of a Director shall, call a meeting of the Board. Reasonable notice of the meeting specifying the place, day and hour of the meeting must be given by mail, postage prepaid, addressed to each of the Directors and alternate Directors at his or her address as it appears on the books of the Corporation or by leaving it at his or her usual business or residential address or by telephone, facsimile or other method of transmitting legibly recorded messages. It is not necessary to give notice of a meeting of Directors to a Director immediately following a shareholder meeting at which the Director has been elected, or is the meeting of Directors at which the Director is appointed.
|
e)
|
A Director of the Corporation may file with the Secretary a document executed by him waiving notice of a past, present or future meeting or meetings of the Directors being, or required to have been, sent to him and may at any time withdraw the waiver with respect to meetings held thereafter. After filing such waiver with respect to future meetings and until the waiver is withdrawn no notice of a meeting of Directors need be given to the Director. All meetings of the Directors so held will be deemed not to be improperly called or constituted by reason of notice not having been given to the Director.
|
f)
|
The quorum necessary for the transaction of the business of the Directors may be fixed by the Directors and if not so fixed is a majority of the Directors or, if the number of Directors is fixed at one, is one Director.
|
g)
|
The continuing Directors may act notwithstanding a vacancy in their body but, if and so long as their number is reduced below the number fixed pursuant to these Bylaws as the necessary quorum of Directors, the continuing Directors may act for the purpose of increasing the number of Directors to that number, or of summoning a shareholder meeting of the Corporation, but for no other purpose.
|
h)
|
All acts done by a meeting of the Directors, a committee of Directors, or a person acting as a Director, will, notwithstanding that it be afterwards discovered that there was some defect in the qualification, election or appointment of the Directors, shareholders of the committee or person acting as a Director, or that any of them were disqualified, be as valid as if the person had been duly elected or appointed and was qualified to be a Director.
|
i)
|
A resolution consented to in writing, whether by facsimile or other method of transmitting legibly recorded messages, by all of the Directors is as valid as if it had been passed at a meeting of the Directors duly called and held. A resolution may be in two or more counterparts which together are deemed to constitute one resolution in writing. A resolution must be filed with the minutes of the proceedings of the directors and is effective on the date stated on it or on the latest date stated on a counterpart.
|
j)
|
All Directors of the Corporation shall have equal voting power.
|
a)
|
The Directors may from time to time by resolution designate from among its members one or more committees, and alternate members thereof, as they deem desirable, each consisting of one or more members, with such powers and authority (to the extent permitted by law and these Bylaws) as may be provided in such resolution. Each such committee shall serve at the pleasure of the Board of Directors and unless otherwise stated by law, the Certificate of Incorporation of the Corporation or these Bylaws, shall be governed by the rules and regulations stated herein regarding the Board of Directors.
|
b)
|
Each Committee shall keep regular minutes of its transactions, shall cause them to be recorded in the books kept for that purpose, and shall report them to the Board at such times as the Board may from time to time require. The Board has the power at any time to revoke or override the authority given to or acts done by any Committee.
|
a)
|
The Corporation's officers shall have such titles and duties as shall be stated in these Bylaws or in a resolution of the Board of Directors which is not inconsistent with these Bylaws. The officers of the Corporation shall consist of a president, secretary, treasurer, and also may have one or more vice presidents, assistant secretaries and assistant treasurers and such other officers as the Board of Directors may from time to time deem advisable. Any officer may hold two or more offices in the Corporation, and may or may not also act as a Director.
|
b)
|
The officers of the Corporation shall be elected by the Board of Directors at the regular annual meeting of the Board following the annual meeting of shareholders.
|
c)
|
Each officer shall hold office until the annual meeting of the Board of Directors next succeeding his or her election, and until his or her successor shall have been duly elected and qualified, subject to earlier termination by his or her death, resignation or removal.
|
a)
|
The shares of the Corporation shall be represented by certificates or shall be uncertificated shares.
|
b)
|
Certificated shares of the Corporation shall be signed, either manually or by facsimile, by officers or agents designated by the Corporation for such purposes, and shall certify the number of shares owned by the shareholder in the Corporation. Whenever any certificate is countersigned or otherwise authenticated by a transfer agent or transfer clerk, and by a registrar, then a facsimile of the signatures of the officers or agents, the transfer agent or transfer clerk or the registrar of the Corporation may be printed or lithographed upon the certificate in lieu of the actual signatures. If the Corporation uses facsimile signatures of its officers and agents on its stock
|
|
certificates, it cannot act as registrar of its own stock, but its transfer agent and registrar may be identical if the institution acting in those dual capacities countersigns or otherwise authenticates any stock certificates in both capacities. If any officer who has signed or whose facsimile signature has been placed upon such certificate, shall have ceased to be such officer before such certificate is issued, it may be issued by the Corporation with the same effect as if he were such officer at the date of its issue.
|
c)
|
If the Corporation issued uncertificated shares as provided for in these Bylaws, within a reasonable time after the issuance or transfer of such uncertificated shares, and at least annually thereafter, the Corporation shall send the shareholder a written statement certifying the number of shares owned by such shareholder in the Corporation.
|
d)
|
Except as otherwise provided by law, the rights and obligations of the holders of uncertificated shares and the rights and obligations of the holders of certificates representing shares of the same class and series shall be identical.
|
e)
|
If a share certificate:
|
|
(i)
|
is worn out or defaced, the Directors shall, upon production to them of the certificate and upon such other terms, if any, as they may think fit, order the certificate to be cancelled and issue a new certificate;
|
|
(ii)
|
is lost, stolen or destroyed, then upon proof being given to the satisfaction of the Directors and upon and indemnity, if any being given, as the Directors think adequate, the Directors shall issue a new certificate; or
|
|
(iii)
|
represents more than one share and the registered owner surrenders it to the Corporation with a written request that the Corporation issue in his or her name two or more certificates, each representing a specified number of shares and in the aggregate representing the same number of shares as the certificate so surrendered, the Corporation shall cancel the certificate so surrendered and issue new certificates in accordance with such request.
|
a)
|
Transfers or registration of transfers of shares of the Corporation shall be made on the stock transfer books of the Corporation by the registered holder thereof, or by his or her attorney duly authorized by a written power of attorney; and in the case of shares represented by certificates, only after the surrender to the Corporation of the certificates representing such shares with such shares properly endorsed, with such evidence of the authenticity of such endorsement, transfer, authorization and other matters as the Corporation may reasonably require, and the payment of all stock transfer taxes due thereon.
|
b)
|
The Corporation shall be entitled to treat the holder of record of any share or shares as the absolute owner thereof for all purposes and, accordingly, shall not be bound to recognize any legal, equitable or other claim to, or interest in, such share or shares on the part of any other person, whether or not it shall have express or other notice thereof, except as otherwise expressly provided by law.
|
c)
|
While the Corporation is not a reporting issuer or has not filed a registration statement no share or security (other than a non-convertible debt security) may be sold, transferred or otherwise disposed of without the consent of the directors and the directors are not required to give any reason for refusing to consent to any such sale, transfer or other disposition.
|
a)
|
The Directors may fix in advance a date, which must not be more than 60 days permitted by the preceding the date of a meeting of shareholders or a class of shareholders, or of the payment of a dividend or of the proposed taking of any other proper action requiring the determination of shareholders as the record date for the determination of the shareholders entitled to notice of, or to attend and vote at, a meeting and an adjournment of the meeting, or entitled to receive payment of a dividend or for any other proper purpose and, in such case, notwithstanding anything in these Bylaws, only shareholders of records on the date so fixed will be deemed to be the shareholders for the purposes of this Bylaw.
|
b)
|
Where no record date is so fixed for the determination of shareholders as provided in the preceding Bylaw, the date on which the notice is mailed or on which the resolution declaring the dividend is adopted, as the case may be, is the record date for such determination.
|
a)
|
Dividends may be declared and paid out of any funds available therefor, as often, in such amounts, and at such time or times as the Board of Directors may determine and shares may be issued pro rata and without consideration to the Corporation's shareholders or to the shareholders of one or more classes or series.
|
b)
|
Shares of one class or series may not be issued as a share dividend to shareholders of another class or series unless such issuance is in accordance with the Articles of Incorporation and:
|
|
(i)
|
a majority of the current shareholders of the class or series to be issued approve the issue; or
|
|
(ii)
|
there are no outstanding shares of the class or series of shares that are authorized to be issued as a dividend.
|
a)
|
The Directors may from time to time on behalf of the Corporation:
|
|
(i)
|
borrow money in such manner and amount, on such security, from such sources and upon such terms and conditions as they think fit,
|
|
(ii)
|
issue bonds, debentures and other debt obligations either outright or as security for liability or obligation of the Corporation or another person, and
|
|
(iii)
|
mortgage, charge, whether by way of specific or floating charge, and give other security on the undertaking, or on the whole or a part of the property and assets of the Corporation (both present and future).
|
b)
|
A bond, debenture or other debt obligation of the Corporation may be issued at a discount, premium or otherwise, and with a special privilege as to redemption, surrender, drawing, allotment of or conversion into or exchange for shares or other securities, attending and voting at shareholder meetings of the Corporation, appointment of Directors or otherwise, and may by its terms be assignable free from equities between the Corporation and the person to whom it was issued or a subsequent holder thereof, all as the Directors may determine.
|
a)
|
A Director who is, in any way, directly or indirectly interested in an existing or proposed contract or transaction with the Corporation or who holds an office or possesses property whereby, directly or indirectly, a duty or interest might be created to conflict with his or her duty or interest as a Director, shall declare the nature and extent of his or her interest in such contract or transaction or of the conflict with his or her duty and interest as a Director, as the case may be.
|
b)
|
A Director shall not vote in respect of a contract or transaction with the Corporation in which he is interested and if he does so his or her vote will not be counted, but he will be counted in the quorum present at the meeting at which the vote is taken. The foregoing prohibitions do not apply to:
|
|
(i)
|
a contract or transaction relating to a loan to the Corporation, which a Director or a specified corporation or a specified firm in which he has an interest has guaranteed or joined in guaranteeing the repayment of the loan or part of the loan;
|
|
(ii)
|
a contract or transaction made or to be made with or for the benefit of a holding corporation or a subsidiary corporation of which a Director is a director or officer;
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(iii)
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a contract by a Director to subscribe for or underwrite shares or debentures to be issued by the Corporation or a subsidiary of the Corporation, or a contract, arrangement or transaction in which a Director is directly or indirectly interested if all the other Directors are also directly or indirectly interested in the contract, arrangement or transaction;
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(iv)
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determining the remuneration of the Directors;
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(v)
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purchasing and maintaining insurance to cover Directors against liability incurred by them as Directors; or
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(vi)
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the indemnification of a Director by the Corporation.
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c)
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A Director may hold an office or place of profit with the Corporation (other than the office of Auditor of the Corporation) in conjunction with his or her office of Director for the period and on the terms (as to remuneration or otherwise) as the Directors may determine. No Director or intended Director will be disqualified by his or her office from contracting with the Corporation either with regard to the tenure of any such other office or place of profit, or as vendor, purchaser or otherwise, and, no contract or transaction entered into by or on behalf of the Corporation in which a Director is interested is liable to be voided by reason thereof.
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d)
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A Director or his or her firm may act in a professional capacity for the Corporation (except as Auditor of the Corporation), and he or his or her firm is entitled to remuneration for professional services as if he were not a Director.
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e)
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A Director may be or become a director or other officer or employee of, or otherwise interested in, a corporation or firm in which the Corporation may be interested as a shareholder or otherwise, and the Director is not accountable to the Corporation for remuneration or other benefits received by him as director, officer or employee of, or from his or her interest in, the other corporation or firm, unless the shareholders otherwise direct.
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a)
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The Directors shall cause the Corporation to indemnify a Director or former Director of the Corporation and the Directors may cause the Corporation to indemnify a director or former director of a corporation of which the Corporation is or was a shareholder and the heirs and personal representatives of any such person against all costs, charges and expenses, including an amount paid to settle an action or satisfy a judgment, actually and reasonably incurred by him or them including an amount paid to settle an action or satisfy a judgment inactive criminal or administrative action or proceeding to which he is or they are made a party by reason of his or her being or having been a Director of the Corporation or a director of such corporation, including an action brought by the Corporation or corporation. Each Director of the Corporation on being elected or appointed is deemed to have contracted with the Corporation on the terms of the foregoing indemnity.
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b)
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The Directors may cause the Corporation to indemnify an officer, employee or agent of the Corporation or of a corporation of which the Corporation is or was a shareholder (notwithstanding that he is also a Director), and his or her heirs and personal representatives against all costs, charges and expenses incurred by him or them and resulting from his or her acting as an officer, employee or agent of the Corporation or corporation. In addition the Corporation shall indemnify the Secretary or an Assistance Secretary of the Corporation (if he is not a full time employee of the Corporation and notwithstanding that he is also a Director), and his or her respective heirs and legal representatives against all costs, charges and expenses incurred by him or them and arising out of the functions assigned to the Secretary by the Corporation Act or these Articles and each such Secretary and Assistant Secretary, on being appointed is deemed to have contracted with the Corporation on the terms of the foregoing indemnity.
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c)
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The Directors may cause the Corporation to purchase and maintain insurance for the benefit of a person who is or was serving as a Director, officer, employee or agent of the Corporation or as a director, officer, employee or agent of a corporation of which the Corporation is or was a shareholder and his or her heirs or personal representatives against a liability incurred by him as a Director, officer, employee or agent.
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Mr. David Guest, President
Berry Only, Inc.
722B Kingston Rd
Toronto, Ontario M4E 1R7
Canada
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Via E-Mail Only |
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819 Anchorage Place, Suite 28
Chula Vista, CA 91914
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Tel. 619.475.7882
Fax. 619.512.5184
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Regards, | ||
SYNERGEN LAW GROUP | ||
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/s/ Karen A. Batcher, Esq. | |
Karen A. Batcher, Esq. | ||
kbatcher@synergenlaw.com |
Wireless Wipes TM | |||||
By: |
/s/ Scott Silverman
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By: |
7/08/10
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Scott Silverman, President
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Berry Only Inc. | |||||
By: | /s/ David Guest | By: | 07/08/2010 | ||
David Guest, President |