UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment 1)
XTRASAFE, INC.
(Name of Issuer)
Shares of Common Stock, $0.001 Par Value
(Title of Class of Securities)
David Lubin & Associates, PLLC
5 North Village Avenue
2nd Floor
Rockville Center, New York 11570
Telephone: (516) 887-8200
Facsimile: (516) 887-8250
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
March 24, 2010
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [ ].
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
2. Check the Appropriate Box if a Member of a Group (See Instructions)
4. Source of Funds (See Instructions)
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
6. Citizenship or Place of Organization:
Number of 7. Sole Voting Power
Shares Beneficially 4,500,000
Owned By Each 8. Shared Voting Power
Reporting -0-
Person 9. Sole Dispositive Power
4,500,000
10. Shared Dispositive Power
11. Aggregate Amount Beneficially Owned by Each Reporting Person
4,500,000 shares of common stock
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
13. Percent of Class Represented by Amount in Row (11)
70% of the issued and outstanding shares of common stock*
14. Type of Reporting Person (See Instructions)
* Based on 6,450,000 shares of the Issuer’s common stock outstanding as of March 24, 2010.
This Amendment No. 1 (this “Amendment”) amends and supplements the statement on Schedule 13D, filed with the Securities and Exchange Commission by Depinder Grewal, with respect to Xtrasafe, Inc. (the “Issuer” or the “Company”), on March 4, 2010. Only those items that are amended or supplemented are reported herein. All capitalized terms used in this Amendment and not otherwise defined herein have the meanings ascribed to such terms in the Schedule 13D. Except as amended and supplemented herein, the Schedule 13D, including the definitions of terms not otherwise defined herein, remains in full force and effect.
Item 4. Purpose of Transaction
On March 24, 2010, Depinder Grewal, the owner of 9,000,000 shares of common stock of XtraSafe, Inc. (the “Company”), returned 4,500,000 common shares to the Company for cancellation. Mr. Grewal returned the shares for cancellation in order to reduce the number of shares issued and outstanding. Subsequent to the cancellation, the Company has 6,450,000 shares issued and outstanding; a number that Mr. Grewal, who is also a director of the Company, considers more in line with the Company’s current business plans.
Following the share cancellation, Mr. Grewal owns 4,500,000 common shares, or 70%, of the remaining 6,450,000 issued and outstanding common shares of the Company.
Item 5. Interest in Securities of the Issuer
(a) The Issuer has 6,450,000 issued and outstanding shares of common stock. The Reporting Person owns 4,500,000 shares (representing 70%) of the issued and outstanding common stock of the Issuer.
(b) The Reporting Person has the sole power to vote or direct the vote and the sole power to dispose or direct the disposition of all of the shares reported above in this Item 5.
(c) Other than the disposition of the shares reported herein, the Reporting Person has not affected any transactions in the shares of the Issuer during the past 60 days.
(d) No person other than the Reporting Person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares reported above in this Item 5.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Not applicable.
Item 7. Material to Be Filed as Exhibits
Not applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: March 24, 2010
| | Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001). |
