quelle:
www.pinksheets.com/edgar/GetFilingPdf?FilingID=5414976
Item 5. Interest in Securities of the Issuer
Mr. Abdallah currently owns 92,615,555 shares of UPDA common stock, and 80,000 shares of Preferred Stock that are currently convertible
into shares of UPDA common stock. Each share of Preferred Stock is convertible into 1,000 shares of UPDA common stock and the holders of
shares of Preferred Stock are entitled to vote in all matters presented to the common
shareholders of UPDA on an “as converted” basis.
Accordingly, 80,000,000 shares of UPDA common stock are issuable to Mr. Abdallah upon the conversion of the shares of Preferred Stock
owned by Mr. Abdallah, and Mr. Abdallah is entitled to vote those shares in all matters presented to UPDA’s common shareholders. Therefore,
the 92,615,555 shares of UPDA common stock currently owned by Mr. Abdallah, aggregated with the 80,000,000 shares of common stock
underlying Mr. Abdallah’s Preferred Stock that are beneficially owned by Mr. Abdallah, constitute 19.5% of UPDA’s currently outstanding
voting capital stock.
Mr. Abdallah has the sole power to vote or direct the vote and the sole power to dispose or direct the disposition with respect to all such shares
of common stock that Mr. Abdallah is deemed to beneficially own.
www.pinksheets.com/edgar/GetFilingPdf?FilingID=5414976
Item 5. Interest in Securities of the Issuer
Mr. Abdallah currently owns 92,615,555 shares of UPDA common stock, and 80,000 shares of Preferred Stock that are currently convertible
into shares of UPDA common stock. Each share of Preferred Stock is convertible into 1,000 shares of UPDA common stock and the holders of
shares of Preferred Stock are entitled to vote in all matters presented to the common
shareholders of UPDA on an “as converted” basis.
Accordingly, 80,000,000 shares of UPDA common stock are issuable to Mr. Abdallah upon the conversion of the shares of Preferred Stock
owned by Mr. Abdallah, and Mr. Abdallah is entitled to vote those shares in all matters presented to UPDA’s common shareholders. Therefore,
the 92,615,555 shares of UPDA common stock currently owned by Mr. Abdallah, aggregated with the 80,000,000 shares of common stock
underlying Mr. Abdallah’s Preferred Stock that are beneficially owned by Mr. Abdallah, constitute 19.5% of UPDA’s currently outstanding
voting capital stock.
Mr. Abdallah has the sole power to vote or direct the vote and the sole power to dispose or direct the disposition with respect to all such shares
of common stock that Mr. Abdallah is deemed to beneficially own.