UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES ACT OF 1934.
Date of Report (Date of Earliest event reported):
July 6, 2005
Commission file number 000-27825
EXIM INTERNET GROUP, INC.
(formerly Global Trade Portal Corporation;
(formerly Hydro Environmental Resources, Inc.)
(Exact Name of Registrant as specified in its charter)
Nevada 73-1552304
(State or other jurisdiction of (IRS Employer
Incorporation or organization) Identification Number)
EXIM INTERNET GROUP, INC.
7683 SE 27th Street, #124
Mercer Island, Washington 98040
(Address of principal executive offices)
(City, State and Zip Code)
Telephone number: (866)571-0200
Company's telephone number, including area code
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On July 5, 2006, Exim Internet Group, Inc., received notification that Exim
Holdings, SA, a Panama corporation, ratified the license agreement for the
Corporation to operate an Internet trade portal on a worldwide basis. The
license agreement provides that Exim Internet Group, Inc., has the worldwide
license to operate the USA Export Import new generation Vertical Portal focused
primarily on export-import business and the international trading, representing
a large scale several hundred thousand pages Export Import Industry b2b Portal,
Directory, Trade boards and more while featuring industry-specific information,
solutions, resources, services, trade leads, forums, tools, tariffs, duties,
taxes, and more products and the tradenames and/or trademarks associated with
the USA Export Import portal. This license agreement provides that a 2% royalty
be paid to the licensor, Exim Holdings, SA. The license agreement was negotiated
and agreed to in May 2005, however the agreement provided that both the licensor
and the licensee had to have both corporation's board of directors ratify the
license agreement. Such ratification was obtained by the licensor on July 5,
2005.
ITEM 5.01 CHANGES IN CONTROL OF REGISTRANT5
On June 23, 2005, Oleg Lazarov was appointed President, CEO and sole
Officer of the Corporation, replacing Mr. McKeen Worthen who was appointed in
December 2004 and interim Secretary and Director, Nicholas Alexander, who was
appointed on an interim basis on June 1, 2005 and resigned on June 23, 2005 for
the purposes of securing new auditors. Mr. Oleg Lazarov was issued 1,200,000
shares of common stock of the Corporation pursuant to the ratifying of the
license agreement with Exim Holdings, SA. Exim Holdings, SA was issued 8,000,000
shares of common stock pursuant to the ratifying of the license agreement. As of
this date, there are 21,362,545 shares of common stock issued and outstanding.
Mr. Oleg Lazarov's shares are 5.6% of the Corporation's issued and outstanding
shares and the Exim Holdings, SA's shares are 37.45% of the Corporation's issued
and outstanding shares of common stock. There are no preferred shares of common
stock issued and outstanding.
ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS
Mark Schmulesky's resignation as president and director was effective December
30, 2004.
McKeen Worthen's resignation as president and director since December 30, 2004
was accepted, effective June 23, 2005.
Nicholas Alexander's resignation as interim secretary and director since June
2005 was accepted, effective June 23, 2005.
ITEM 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION
The Corporation's name was changed from Hydro Environmental Resources, Inc.,
to Global Trade Portal Corporation on January 5, 2005
and then changed its name to Exim Internet Group, Inc., on April 29, 2005.
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July 5, 2005 EXIM INTERNET GROUP, INC.
By /s/ Oleg Lazarov
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Mr. Oleg Lazarov, President and
Director
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