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DLPM > SEC Filings for DLPM > Form 8-K on 6-Dec-2013All Recent SEC Filings

Show all filings for DEVELOPMENT CAPITAL GROUP, INC.

Form 8-K for DEVELOPMENT CAPITAL GROUP, INC.


6-Dec-2013

Entry into a Material Definitive Agreement, Unregistered Sale of


Item 1.01 Entry into a Material Definitive Agreement

On December 2, 2013, Development Capital Group, Inc. (the "Corporation") entered into a Consulting Agreement with Lindsay Capital Corp. ("LCC"), a copy of which is attached hereto and incorporated by reference herein as Exhibit 10.1, pursuant to which LLC shall provide business consulting services to the Corporation in exchange of a consulting fee. The material terms of the Consulting Agreement with LLC are as follows: a) LLC's consulting fee, in exchange for providing the consulting services, shall be an issuance of 500,000 shares restricted common stock, which shall be issued and delivered to LLC on January 1, 2014; and b) the consulting service to be provided by LLC to the Corporation shall commence on December 2, 2013 and shall terminate on December 31, 2014.

In addition, on December 2, 2013, the Corporation also entered into a Consulting Agreement with Xeitel Capital Management ("Xeitel"), a copy of which is attached hereto and incorporated by reference herein as Exhibit 10.2, pursuant to which Xeitel shall provide business consulting services to the Corporation in exchange of a consulting fee. The material terms of the Consulting Agreement with Xeitel are as follows: a) Xeitel's consulting fee, in exchange for providing the consulting services, shall be an issuance of 1,000,000 shares of restricted common stock of the Corporation, which are to issued and delivered to Xeitel upon signing of the Consulting Agreement with Xeitel b) the term of the Consulting Agreement with Xeitel LLC shall commence on December 2, 2013 and shall terminate on December 31, 2014.



Item 3.02 Unregistered sales of Equity Securities

The issuance of shares of restricted common stock to LLC and Xeitel in the aggregate amount of 1,500,000 shares, shall not be registered, and therefore shall be issued in accordance with the exemption from registration provided by Regulation S of the Securities Act of 1933, as amended. LLC and Xeitel have represented in their Consulting Agreements attached hereto, that they are not U.S. persons, and therefore are obligated to only resell the shares issued to them in accordance with the provisions of Regulation S.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit 10.1   Consulting Agreement with Lindsay Capital Corp.,
               dated December 2, 2013
Exhibit 10.2   Consulting Agreement with Xeitel Capital Management,
               dated December 2, 2013

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