-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, D/lHbQS2s8Z8U0dQdKCcd1UtdWHHu+Lkg+tCMMRqJBIiLnXOmncPtJqBykNfMDTj UScZOLLgUY2jSwpiSs5zvQ== 0001144204-08-013581.txt : 20080306 0001144204-08-013581.hdr.sgml : 20080306 20080305192704 ACCESSION NUMBER: 0001144204-08-013581 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080306 DATE AS OF CHANGE: 20080305 GROUP MEMBERS: DAVID M. MARSHALL GROUP MEMBERS: E'S HOLDINGS, INC. GROUP MEMBERS: ERIC PULIER GROUP MEMBERS: KURT BRENDLINGER GROUP MEMBERS: NEW VISION VENTURES, LLC GROUP MEMBERS: SANTA MONICA CAPITAL, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PROELITE, INC. CENTRAL INDEX KEY: 0001015789 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AMUSEMENT & RECREATION SERVICES [7900] IRS NUMBER: 223161866 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-82886 FILM NUMBER: 08669299 BUSINESS ADDRESS: STREET 1: 12121 WILSHIRE BLVD., SUITE 1001 CITY: LOS ANGELES STATE: CA ZIP: 90025 BUSINESS PHONE: 310-526-8700 MAIL ADDRESS: STREET 1: 12121 WILSHIRE BLVD., SUITE 1001 CITY: LOS ANGELES STATE: CA ZIP: 90025 FORMER COMPANY: FORMER CONFORMED NAME: PRO ELITE INC DATE OF NAME CHANGE: 20000728 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Santa Monica Capital Partners II, LLC CENTRAL INDEX KEY: 0001398055 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 11845 WEST OLYMPIC BLVD. #125W CITY: LOS ANGELES STATE: CA ZIP: 90064 BUSINESS PHONE: 310-573-9711 MAIL ADDRESS: STREET 1: 11845 WEST OLYMPIC BLVD. #125W CITY: LOS ANGELES STATE: CA ZIP: 90064 SC 13D/A 1 v105832_sc13da.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* PROELITE, INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 74266D303 - -------------------------------------------------------------------------------- (CUSIP Number) Santa Monica Capital Partners II, LLC 11845 W. Olympic Boulevard, #1125W Los Angeles, California 90064 (310) 573-9711 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 23, 2007 - -------------------------------------------------------------------------------- (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 ss.ss.240.13d- l(e), 240.13d-l(f) or 240.13d- l(g), check the following box. |_| Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See ss.240.13d-7 for other parties to whom copies are to be sent. * 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). CUSIP No. 74266D303 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY). Santa Monica Capital Partners II, LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 9,616,994 ----------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 2,408,633 OWNED BY ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 9,616,994 WITH ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 2,408,633 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,025,627 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 25.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN - -------------------------------------------------------------------------------- Page 2 of 13 CUSIP No. 74266D303 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY). Santa Monica Capital, LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) AF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 395,225 ----------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 4,008,542 OWNED BY ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 395,225 WITH ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,008,542 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,403,767 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.5% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN - -------------------------------------------------------------------------------- Page 3 of 13 CUSIP No. 74266D303 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY). David M. Marshall - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) AF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 520,225 ----------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 4,008,542 OWNED BY ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 520,225 WITH ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,008,542 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,528,767 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.7% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN - -------------------------------------------------------------------------------- Page 4 of 13 CUSIP No. 74266D303 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY). E's Holdings, Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) AF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 413,143 ----------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 4,008,542 OWNED BY ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 413,143 WITH ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,008,542 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,496,685 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.5% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO - -------------------------------------------------------------------------------- Page 5 of 13 CUSIP No. 74266D303 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY). Kurt Brendlinger - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) AF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 488,143 ----------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 4,008,542 OWNED BY ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 488,143 WITH ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,008,542 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,496,685 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.7% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN - -------------------------------------------------------------------------------- Page 6 of 13 CUSIP No. 74266D303 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY). New Vision Ventures, LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) AF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 493,251 ----------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 4,008,542 OWNED BY ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 493,251 WITH ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,008,542 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,501,793 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.7% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN - -------------------------------------------------------------------------------- Page 7 of 13 CUSIP No. 74266D303 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY). Eric Pulier - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) AF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 518,251 ----------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 4,008,542 OWNED BY ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 518,251 WITH ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,008,542 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,526,793 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.7% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN - -------------------------------------------------------------------------------- Page 8 of 13 INTRODUCTION This Amendment No. 1 to Schedule 13D (the "Amendment") amends and supplements the Schedule 13D filed with the Securities and Exchange Commission on May 14, 2007, (as amended, the "Statement") by Santa Monica Capital Partners II, LLC, a limited liability company organized under the laws of the State of Delaware ("SMCP"), and its members, Santa Monica Capital, LLC, a California limited liability company ("Santa Monica Capital"), New Vision Ventures, David M. Marshall, Kurt Brendlinger and Eric Pulier (collectively, the "Members," and with SMCP the "Reporting Persons"). Capitalized terms not otherwise defined herein have the meanings ascribed thereto in the Statement. Only those Items amended are reported herein. ITEM 1. SECURITY AND ISSUER Item 1 of the Statement is hereby amended in its entirety with the following: This Schedule 13D relates to the common stock, par value $0.0001 per share ("Common Stock") of ProElite, Inc., a New Jersey corporation (the "Issuer"). The principal executive offices of the Issuer are presently located at 12121 Wilshire Boulevard, Suite1001, Los Angeles, California 90025. ITEM 2. IDENTITY AND BACKGROUND The first paragraph of Item 2 of the Statement is hereby amended in its entirety with the following: This statement is filed by Santa Monica Capital Partners II, LLC, a limited liability company organized under the laws of the state of Delaware ("SMCP"), its members, Santa Monica Capital, LLC, a California limited liability company ("Santa Monica Capital"), E's Holdings, Inc., a California corporation ("E's Holdings"), and New Vision Ventures, LLC, a California limited liability company ("New Vision", together with Santa Monica Capital and E's Holdings, the "Members"). David Marshall holds a 1/3 membership interest in SMCP through Santa Monica Capital, of which he is the sole member. As a result of his control over Santa Monica Capital, Mr. Marshall is deemed to also beneficially own the securities of Santa Monica Capital. Kurt Brendlinger holds his 1/3 membership interest in SMCP through E's Holdings, of which he is the sole shareholder. As a result of his control over E's Holdings, Mr. Brendlinger is deemed to also beneficially own securities of E's Holdings. Mr. Pulier holds his 1/3 membership interest in SMCP through New Vision, of which he is the manager. As a result of his control over New Vision, Mr. Pulier is deemed to also beneficially own securities of New Vision. SMCP, the Members, David Marshall, Kurt Brendlinger and Eric Pulier are referred to herein as the "Reporting Persons". ITEM 4. PURPOSE OF TRANSACTION Item 4 of the Statement is hereby amended with the insertion of the following paragraphs before the last paragraph thereof: On August 23, 2007, pursuant to an agreement between SMCP, as a selling shareholder, and the Issuer (the "Selling Shareholder Agreement"), SMCP sold a total of 133,006 shares of Common Stock to an accredited investor, in connection with the Issuer's private placement of units at $7.00 per unit (the "Private Placement"). Each unit ("Unit") consisted of one share of the Issuer's Common Stock and one-half of a five-year warrant to purchase one share of the Issuer's Common Stock, at an exercise price of $7.00 per share. In accordance with the Selling Shareholder Agreement, SMCP sold 133,006 shares of Common Stock at $7.00 per share and the Issuer agreed to issue the additional warrants to the accredited investor in consideration for SMCP's agreement to lock up the remaining shares held under its name for a period of 18 months after the registration statement filed in connection with the private placement is declared effective by the Securities and Exchange Commission (the "Lock-Up Agreement"). That registration statement was filed on August 24, 2007. Page 9 of 13 On August 23, 2007, pursuant to the Selling Shareholder Agreement and in connection with the Private Placement, each of Lifelogger, Santa Monica Capital, E's Holdings, and New Vision sold 51,421, 6,775, 6,357, and 6,749 shares of Common Stock, respectively, to accredited investors. In accordance with the Selling Shareholder Agreement, each of Lifelogger and the members of SMCP also entered into a Lock-Up Agreement with the Issuer. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Item 5 of the Statement is hereby amended and restated in its entirety with the following: As of March 3, 2008, the aggregate number and percentage of class of securities identified pursuant to Item 1 beneficially owned by each person identified in Item 2 may be found in rows 11 and 13 of the cover pages. The percentage is calculated based on the 46,421,491 shares of Common Stock reported outstanding in the Issuer's Form 10-QSB for the quarterly period ended September 30, 2007, as filed with the Securities and Exchange Commission on November 19, 2007. The powers the Reporting Persons have relative to the securities discussed herein may be found in rows 7 through 10 of the cover pages. The Members equally share voting and investment power with respect to the shares owned by SMCP as a result of being the members of SMCP. On August 23, 2007, the Reporting Persons sold the following shares of Common Stock to accredited investors in connection with the Private Placement, described above in Item 4 and incorporated herein by this reference: o SMCP sold a total of 133,006 shares; o Santa Monica Capital sold 6,775 shares; o E's Holdings, Inc. sold 6,357; and o New Vision sold 6,749 shares. No other acquisition or dispositions of beneficial ownership of shares were made by any of the Reporting Persons in the last 60 days. As of March 4, 2008, the Reporting Persons own the following securities of Issuer: SMCP beneficially owns 9,616,994 shares of Common Stock directly and beneficially owns 2,408,633 shares of Common Stock through its 68.75% membership interest in SASHC, LLC, a California limited liability company, which owns approximately 88.9% in membership interests in Lifelogger. Santa Monica Capital holds 395,225 shares of Common Stock and 4,008,542 shares of Common Stock through its 1/3 membership interest in SMCP. Page 10 of 13 David Marshall does not directly hold any shares of Common Stock under his name. Mr. Marshall beneficially owns 395,225 shares of Common Stock through Santa Monica Capital, and a Bridge Warrant to purchase 125,000 shares of Common Stock through David Marshall, Inc., a California corporation, of which he is the sole shareholder and officer, and 4,008,542 shares of Common Stock through Santa Monica Capital's membership interest in SMCP. E's Holdings holds 413,143 shares of Common Stock and 4,008,542 shares of Common Stock through its 1/3 membership interest in SMCP. Kurt Brendlinger beneficially owns 413,143 shares of Common Stock through E's Holdings, and 4,008,542 shares of Common Stock through E's Holdings' 1/3 membership interest in SMCP. Mr. Brendlinger directly holds under his name a Bridge Warrant to purchase 75,000 shares of Common Stock. New Vision holds 493,251 shares of Common Stock and 4,008,542 shares of Common Stock through its 1/3 membership interest in SMCP. Eric Pulier beneficially owns 493,251 shares of Common Stock through New Vision, and 4,008,542 shares of Common Stock through New Vision's 1/3 membership interest in SMCP. Mr. Pulier directly holds under his name a Bridge Warrant to purchase 25,000 shares of Common Stock. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO THE SECURITIES OF THE ISSUER. Item 6 of the Statement is hereby amended with the addition of the following: The Reporting Persons entered into a Selling Shareholder Agreement with the Issuer, pursuant to which each Reporting Person sold shares of Common Stock to certain accredited investors at a per share price of $7.00, of which $0.70 was paid to the placement agent of the Private Placement as a commission. In accordance with the Selling Shareholder Agreement, the Issuer agreed to issue additional warrants to the accredited investors in consideration of the Reporting Persons' agreement to lock up the remaining balance of shares of Common Stock held in each of its or his name, as described in further detail below. The Reporting Persons entered into a Lock-Up Agreement with the Issuer, pursuant to which each Reporting Person agreed to lock up their shares of Common Stock for a period of 18 months after the registration statement filed on Form SB-2, in connection with the Issuer's private placement of its securities in July 2007, is declared effective by the Securities and Exchange Commission. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Item 7 of the Statement is hereby amended with the addition of the following: Exhibit 7(g) Form of Agreement between the Issuer and the selling shareholder, filed as Exhibit 10.23 to the Issuer's Form SB-2, filed on August 24, 2007, and incorporated herein by this reference. Exhibit 7(h) Form of Lock-Up Agreement, filed as Exhibit 4.17 to the Issuer's Form SB-2, filed on August 24, 2007, and incorporated herein by this reference. Exhibit 7(i) Agreement of Joint Filing, executed by the Reporting Persons pursuant to Section 240.13d-1(k), incorporated herein by this reference. Page 11 of 13 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 4, 2008 Santa Monica Capital Partners II, LLC By: Santa Monica Capital, LLC Its: Member By: /s/ David M. Marshall ------------------------------ David M. Marshall, Sole Member Date: March 4, 2008 Santa Monica Capital, LLC /s/ David M. Marshall ----------------------------------------- David M. Marshall, Sole Member Date: March 4, 2008 /s/ David M. Marshall ----------------------------------------- David M. Marshall Date: March 4, 2008 E's Holdings, Inc. /s/ Kurt Brendlinger ----------------------------------------- Kurt Brendlinger, Sole Shareholder Date: March 4, 2008 /s/ Kurt Brendlinger ----------------------------------------- Kurt Brendlinger Date: March 4, 2008 New Vision Ventures, LLC /s/ Eric Pulier ----------------------------------------- Eric Pulier, Manager Date: March 4, 2008 /s/ Eric Pulier ----------------------------------------- Eric Pulier Page 12 of 13 EXHIBIT 7(i) AGREEMENT OF JOINT FILING The undersigned hereby agree that they are filing jointly pursuant to Rule 13d-1 of the Securities Exchange Act of 1934 an amendment to a report on Schedule 13D, containing the information required by Schedule 13D, for shares of the common stock of ProElite, Inc., beneficially owned by Santa Monica Capital Partners II, LLC, Santa Monica Capital, LLC, E's Holdings, Inc., New Vision Ventures, LLC, David M. Marshall, Kurt Brendlinger and Eric Pulier and such other holdings as may be reported therein. Dated: March 4, 2008 This agreement may be executed in any number of counterparts, each of which shall be deemed an original. Santa Monica Capital Partners II, LLC Santa Monica Capital, LLC By: Santa Monica Capital, LLC Its: Member By: /s/ David M. Marshall /s/ David M. Marshall ------------------------------ --------------------- David M. Marshall, Sole Member David M. Marshall, Sole Member E's Holdings, Inc. /s/ David M. Marshall /s/ Kurt Brendlinger - ------------------------------------------ -------------------- David M. Marshall Kurt Brendlinger, Sole Shareholder New Vision Ventures, LLC /s/ Kurt Brendlinger /s/ Eric Pulier - ------------------------------------------ --------------- Kurt Brendlinger Eric Pulier, Manager /s/ Eric Pulier - ------------------------------------------ Eric Pulier Page 13 of 13 -----END PRIVACY-ENHANCED MESSAGE-----