0001437749-11-005230.txt : 20110729 0001437749-11-005230.hdr.sgml : 20110729 20110729172259 ACCESSION NUMBER: 0001437749-11-005230 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20110729 DATE AS OF CHANGE: 20110729 GROUP MEMBERS: ERNESTO CRUZ GROUP MEMBERS: JILL SYVERSON-STORK GROUP MEMBERS: LARS BATISTA GROUP MEMBERS: LIONEL SOSA GROUP MEMBERS: MALCOLM JOZOFF GROUP MEMBERS: MICHAEL MATTE FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Abbott John CENTRAL INDEX KEY: 0001415801 FILING VALUES: FORM TYPE: SC 13D MAIL ADDRESS: STREET 1: 121 W 19TH ST STREET 2: APT 8D CITY: NEW YORK STATE: NY ZIP: 10011 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: QUEPASA CORP CENTRAL INDEX KEY: 0001078099 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ADVERTISING [7310] IRS NUMBER: 860879433 STATE OF INCORPORATION: NV FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-56473 FILM NUMBER: 11998369 BUSINESS ADDRESS: STREET 1: 324 DATURA STREET STREET 2: SUITE 114 CITY: WEST PALM BEACH STATE: FL ZIP: 33401 BUSINESS PHONE: 561-491-4181 MAIL ADDRESS: STREET 1: 324 DATURA STREET STREET 2: SUITE 114 CITY: WEST PALM BEACH STATE: FL ZIP: 33401 FORMER COMPANY: FORMER CONFORMED NAME: QUEPASA COM INC DATE OF NAME CHANGE: 19990310 SC 13D 1 abbott_quepasa13d-072911.htm SCHEDULE 13D abbott_quepasa13d-072911.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

———————
SCHEDULE 13D
———————

Under the Securities Exchange Act of 1934
(Amendment No. )1

Quepasa Corporation
(Name of Issuer)

 
Common Stock, $0.001 par value
 (Title of Class of Securities)

74833W206
(CUSIP Number)

Michael Matte
324 Datura Street, Suite 114
West Palm Beach, Florida 33401
(561) 366-1249

With copies to:
 
Harris Cramer LLP
3507 Kyoto Gardens Drive, Suite 320
Palm Beach Gardens, FL 33410
Attention: Michael D. Harris, Esq.
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
 
July 19, 2011
 (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. ¨
 
 
 

 
CUSIP No.  74833W206
 
13D
 
 
   
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
John Abbott
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)   [X]
(b)   [  ]
 
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
OO
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
 
                               
NUMBER OF
7
SOLE VOTING POWER
 
2,774,862 (1)
SHARES
BENEFICIALLY
OWNED BY
8
SHARED VOTING POWER
 
2,531,874
EACH
REPORTING
PERSON
9
SOLE DISPOSITIVE POWER
 
2,774,862 (1)
WITH
 
 
10
SHARED DISPOSITIVE POWER
 
2,531,874
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,306,736
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[  ]
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
14.4% (2)
14
TYPE OF REPORTING PERSON
 
IN
 
———————
 
(1)  Includes 2,602,362 stock options exercisable within 60 days.
 
(2)  Based upon 16,668,281 shares of Common Stock outstanding as of July 26, 2011.

 
 

 
CUSIP No.  74833W206
 
13D
 
 
   
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
Michael Matte
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)   [X]
(b)   [  ]
 
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
OO
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
 
                               
NUMBER OF
7
SOLE VOTING POWER
 
1,956,762 (1)
SHARES
BENEFICIALLY
OWNED BY
8
SHARED VOTING POWER
 
3,349,974
EACH
REPORTING
PERSON
9
SOLE DISPOSITIVE POWER
 
1,956,762 (1)
WITH
 
 
10
SHARED DISPOSITIVE POWER
 
3,349,974
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,306,736
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[  ]
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
10.5% (2)
14
TYPE OF REPORTING PERSON
 
IN

 
(1)  Includes 1,936,029 stock options exercisable within 60 days.
 
(2)  Based upon 16,668,281 shares of Common Stock outstanding as of July 26, 2011.

 
 

 
CUSIP No.  74833W206
 
13D
 
 
   
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
Lars Batista
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)   [X]
(b)   [  ]
 
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)     
[   ]
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Brazil
 
                               
NUMBER OF
7
SOLE VOTING POWER
 
193,166 (1)
SHARES
BENEFICIALLY
OWNED BY
8
SHARED VOTING POWER
 
5,113,570
EACH
REPORTING
PERSON
9
SOLE DISPOSITIVE POWER
 
193,166 (1)
WITH
 
 
10
SHARED DISPOSITIVE POWER
 
5,113,570
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,306,736
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[  ]
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
1.2%  (2)
14
TYPE OF REPORTING PERSON
 
IN

 
(1)  Includes 9,250 stock options exercisable within 60 days.
 
(2)  Based upon 16,668,281 shares of Common Stock outstanding as of July 26, 2011.

 
 

 
CUSIP No.  74833W206
 
13D
 
 
   
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
Ernesto Cruz
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)   [X]
(b)   [  ]
 
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)     
[   ]
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Mexico
 
                               
NUMBER OF
7
SOLE VOTING POWER
 
68,367 (1)
SHARES
BENEFICIALLY
OWNED BY
8
SHARED VOTING POWER
 
5,238,369
EACH
REPORTING
PERSON
9
SOLE DISPOSITIVE POWER
 
68,367 (1)
WITH
 
 
10
SHARED DISPOSITIVE POWER
 
5,238,369
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,306,736
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[  ]
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0.4% (2)
14
TYPE OF REPORTING PERSON
 
IN

 
(1)  Includes 56,500 stock options exercisable within 60 days.
 
(2)  Based upon 16,668,281 shares of Common Stock outstanding as of July 26, 2011.

 
 

 
CUSIP No.  74833W206
 
13D
 
 
   
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
Malcolm Jozoff
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)   [X]
(b)   [  ]
 
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
OO
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
 
                               
NUMBER OF
7
SOLE VOTING POWER
 
140,866 (1)
SHARES
BENEFICIALLY
OWNED BY
8
SHARED VOTING POWER
 
5,165,870
EACH
REPORTING
PERSON
9
SOLE DISPOSITIVE POWER
 
140,866 (1)
WITH
 
 
10
SHARED DISPOSITIVE POWER
 
5,165,870
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,306,736
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[  ]
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0.8% (2)
14
TYPE OF REPORTING PERSON
 
IN

 
(1)  Includes 56,500 stock options exercisable within 60 days.
 
(2)  Based upon 16,668,281 shares of Common Stock outstanding as of July 26, 2011.

 
 

 
CUSIP No.  74833W206
 
13D
 
 
   
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
Lionel Sosa
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)   [X]
(b)   [  ]
 
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
OO
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
 
                               
NUMBER OF
7
SOLE VOTING POWER
 
101,638 (1)
SHARES
BENEFICIALLY
OWNED BY
8
SHARED VOTING POWER
 
5,205,098
EACH
REPORTING
PERSON
9
SOLE DISPOSITIVE POWER
 
101,638 (1)
WITH
 
 
10
SHARED DISPOSITIVE POWER
 
5,205,098
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,306,736
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[  ]
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0.6% (2)
14
TYPE OF REPORTING PERSON
 
IN

 
(1)  Includes 52,750 stock options exercisable within 60 days.
 
(2)  Based upon 16,668,281 shares of Common Stock outstanding as of July 26, 2011.

 
 

 
CUSIP No.  74833W206
 
13D
 
 
   
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
Jill Syverson-Stork
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)   [X]
(b)   [  ]
 
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
OO
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
 
                               
NUMBER OF
7
SOLE VOTING POWER
 
71,075 (1)
SHARES
BENEFICIALLY
OWNED BY
8
SHARED VOTING POWER
 
5,235,661
EACH
REPORTING
PERSON
9
SOLE DISPOSITIVE POWER
 
71,075 (1)
WITH
 
 
10
SHARED DISPOSITIVE POWER
 
5,235,661
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,306,736
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[  ]
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0.4% (2)
14
TYPE OF REPORTING PERSON
 
IN

 
(1)  Includes 52,750 stock options exercisable within 60 days.
 
(2)  Based upon 16,668,281 shares of Common Stock outstanding as of July 26, 2011.

 
 

 
CUSIP No.  74833W206
 
13D
 
 
Item 1.
Security and Issuer

This Schedule 13D relates to the common stock, par value $0.001 per share (the “Common Stock”), of Quepasa Corporation, a Nevada corporation (the “Company” or “Quepasa”).  The Company’s principal executive offices are located at 324 Datura Street, Suite 114, West Palm Beach, Florida 33401.

Item 2.
Identity and Background

a.  
John Abbott
b.  
324 Datura Street, Suite 114, West Palm Beach, Florida 33401
c.  
Chief Executive Officer of the Company
d.  
The Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) within the last five years.
e.  
The Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws within the past five years.
f.  
The Reporting Person is a United States citizen.

a.  
Michael Matte
b.  
324 Datura Street, Suite 114, West Palm Beach, Florida 33401
c.  
Chief Financial Officer of the Company
d.  
The Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) within the last five years.
e.  
The Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws within the past five years.
f.  
The Reporting Person is a United States citizen.

a.  
Lars Batista
b.  
324 Datura Street, Suite 114, West Palm Beach, Florida 33401Chief Executive Officer of the Company
c.  
Director of the Company.
d.  
The Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) within the last five years.
e.  
The Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws within the past five years.
f.  
The Reporting Person is a Brazilian citizen.

a.  
Ernesto Cruz
b.  
324 Datura Street, Suite 114, West Palm Beach, Florida 33401
c.  
Director of the Company
d.  
The Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) within the last five years.
e.  
The Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws within the past five years.
f.  
The Reporting Person is a Mexican citizen.
 
 
 

 
CUSIP No.  74833W206
 
13D
 
 
a.  
Malcolm Jozoff
b.  
324 Datura Street, Suite 114, West Palm Beach, Florida 33401
c.  
Director of the Company
d.  
The Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) within the last five years.
e.  
The Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws within the past five years.
f.  
The Reporting Person is a United States citizen.

a.  
Lionel Sosa
b.  
324 Datura Street, Suite 114, West Palm Beach, Florida 33401
c.  
Director of the Company
d.  
The Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) within the last five years.
e.  
The Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws within the past five years.
f.  
The Reporting Person is a United States citizen.

a.  
Jill Syverson-Stork
b.  
324 Datura Street, Suite 114, West Palm Beach, Florida 33401
c.  
Director of the Company
d.  
The Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) within the last five years.
e.  
The Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws within the past five years.
f.  
The Reporting Person is a United States citizen.

 
 

 
CUSIP No.  74833W206
 
13D
 
 
Item 3.
Source or Amount of Funds or Other Consideration.

This Schedule 13D is being filed to report a voting agreement whereby the Reporting Persons (disclosed under Item 2 above) agreed to vote together (the “Voting Agreement”) in connection with the Merger Agreement among Quepasa, IG Acquisition Company (“Merger Sub”), a wholly-owned subsidiary of Quepasa, and Insider Guides, Inc., doing business as myYearbook.com (the “Target”).  Investors are urged to refer to the Form 8-K filed on July 20, 2011 (the “Form 8-K”) for further information on the Merger.  The Reporting Persons agreed to vote their shares of common stock in favor of the actions contemplated by the Merger Agreement including approving the issuance of shares of common stock to the Target’s shareholders. For a description of the Voting Agreements, see Item 4 below, which description is incorporated herein by reference in response to this Item 3.  Also, please refer to the Schedule 13D/A filed by Mexican & Americans Trading Together, Inc. and Altos Hornos de Mexico, S.A.B. de C.V. with the Securities and Exchange Commission on July 21, 2011.

Each Reporting Person expressly disclaims any beneficial ownership in the common stock of the Company owned by the others, and the reporting of joint beneficial ownership shall not be deemed to be an admission that he beneficially owns the common stock owned by the other Reporting Persons.

Item 4.
Purpose of the Transaction.

On July 19, 2011 and in connection with the Company’s entry into the Merger Agreement, the Reporting persons entered into the Voting Agreement with the Company and the Target. Pursuant to the Voting Agreement, the Reporting Person has agreed to vote, prior to the Expiration Time (as defined below), the shares of Common Stock and other securities of the Company held or subsequently acquired by it:  (i) in favor of approval of the issuance of shares of the common stock as consideration for the Merger as set forth in the Merger Agreement, and in favor of the Financing Transaction (as defined in the Merger Agreement); (ii)  against approval of any proposal made in opposition to, or in competition with, the issuance of shares of the common stock as consideration for the Merger as set forth in the Merger Agreement; (iii) against any action which the Company is prohibited from taking under Section 5.2 of the Merger Agreement; and (iv) in favor of waiving any notice that may have been or may be required relating to any reorganization of the Company or any subsidiary of the Company, any issuance, reclassification or recapitalization of the capital stock of the Company or any subsidiary of the Company, any sale or purchase of assets, change of control of or acquisition by the Company or any subsidiary of the Company or any other person, or any consolidation or merger to which the Company or any subsidiary of the Company is the surviving entity.
 
The Voting Agreement also provides that, during the period beginning on the date thereof and ending at the Expiration Time, and subject to certain exceptions, the Reporting Persons may not transfer any shares of common stock and other securities of the Company held or subsequently acquired by it, or make any agreement regarding any such transfer.

The Voting Agreement and related irrevocable proxy will terminate automatically and will have no further force or effect as of the “Expiration Time,” which is defined as the earliest to occur of (x) the Effective Time (as defined in the Merger Agreement), (y) the termination of the Merger Agreement in accordance with the terms thereof, or (z) the occurrence of a Material Adverse Amendment (as defined in the Voting Agreement).

In connection with the Company’s entry into the Merger Agreement, the Reporting Persons delivered an irrevocable proxy in the form attached as Appendix A to the Voting Agreement with respect to the voting of the shares of Common Stock and other securities of the Company held or subsequently acquired by them on the foregoing matters.

The description of the Voting Agreement and related irrevocable proxy contained herein is qualified in its entirety by reference to the Voting Agreement including the form of Irrevocable Proxy attached as Appendix A thereto), which is filed as Exhibit 99.1 to this Schedule 13D and is hereby incorporated herein by reference.
 
 
 

 
CUSIP No.  74833W206
 
13D
 

The Merger Agreement provides that the Company must take such action as may be necessary to appoint Messrs. Geoff Cook, Rick Lewis and Terry Herndon (or such replacement designees as may be selected by the Target, the “Target Designees”) to the Company’s Board of Directors commencing as of the Effective Time and must include three Target Designees on the slate of directors recommended for election by the Company’s Stockholders for a period of three years following the Effective Time.  The Merger Agreement also provides that the Company must take such action as may be necessary to appoint Mr. Cook to the Company’s three member Executive Committee commencing as of the Effective Time and for not less than three years thereafter. Likewise, the Employment Agreement entered into between the Company and Mr. Cook in connection with the Company’s entry into the Merger Agreement provides that Mr. Cook will serve as a member of the Board of Directors of the Company and a member of the Company’s Executive Committee. During the term of such Employment Agreement, upon the death, disability or resignation of a Target Designee, Mr. Cook will have the right to designate on behalf of the Target a replacement for such Target Designee.

The Merger Agreement requires the Company to use its commercially reasonable efforts to obtain approval of its shareholders for, and upon receipt of such approval to promptly take all necessary steps to cause, the Company to be reincorporated in the State of Delaware.

Except as set forth above, none of the Reporting Persons has any present plans or proposals that relate to or would result in any of the actions required to be described in Item 4 of Schedule 13D. The Reporting Persons may, at any time, review or reconsider their position with respect to the Company and formulate plans or proposals with respect to any of such matters.

Item 5.
Interest in Securities of the Issuer.

(a)

John Abbott beneficially owns 172,500 shares of the Company’s common stock and 2,602,362shares of common stock issuable upon the exercise of stock options.  This amounts to approximately 14.4% of the outstanding shares as of July 26, 2011.

Michael Matte beneficially owns 20,733 shares of the Company’s common stock and 1,936,029 shares of common stock issuable upon the exercise of stock options.  This amounts to approximately 10.5% of the outstanding shares as of July 26, 2011.

Lars Batista beneficially owns 183,916 shares of the Company’s common stock and 9,250 shares of common stock issuable upon the exercise of stock options.  This amounts to approximately 1.2% of the outstanding shares as of July 26, 2011.

Ernesto Cruz beneficially owns 11,867 shares of the Company’s common stock and 56,500 shares of common stock issuable upon the exercise of stock options.  This amounts to approximately 0.4% of the outstanding shares as of July 26, 2011.

Malcolm Jozoff beneficially owns 84,366 shares of the Company’s common stock and 56,500 shares of common stock issuable upon the exercise of stock options.  This amounts to approximately 0.8% of the outstanding shares as of July 26, 2011.

 
 

 
CUSIP No.  74833W206
 
13D
 

Lionel Sosa beneficially owns 48,888 shares of the Company’s common stock and 52,750 shares of common stock issuable upon the exercise of stock options.  This amounts to approximately 0.6% of the outstanding shares as of July 26, 2011.

Dr. Jill Syverson-Stork beneficially owns 18,325 shares of the Company’s common stock and 52,750 shares of common stock issuable upon the exercise of stock options.  This amounts to approximately 0.4% of the outstanding shares as of July 26, 2011.

(b)  Each of the Reporting Persons has the sole power to vote or to direct the vote, sole power to dispose or to direct the disposition of all shares owned by the Reporting Person.

(c)  Except as described in this Schedule 13D, the Reporting Persons did not engage in any transactions in shares of the Company’s common stock during the past 60 days.

(d)  Not Applicable.

(e)  Not Applicable.

Item 6.
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

As described in greater detail in Item 4 above, in connection with the entry by the Company into the Merger Agreement, on July 19, 2011, the Reporting Persons entered into the Voting Agreement and delivered the related irrevocable proxy. The information included in Item 4 above regarding the Voting Agreement and related irrevocable proxy is hereby incorporated by reference into this Item 6.
 
The descriptions of the and the Voting Agreement and related irrevocable proxy are qualified in their entirety by reference to the Voting Agreement (including the form of Irrevocable Proxy attached as Appendix A thereto), which is filed as Exhibit 99.1 to this Schedule 13D, and is hereby incorporated herein by reference.
 
Item 7.
Material to be filed as Exhibits.
 
Exhibit 99.1.
Form of Voting Agreement
 
 
 

 
CUSIP No.  74833W206
 
13D
 
 
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: July 29, 2011

     
       
       
   
By:
/s/ John Abbott
     
John Abbott
       
     
/s/  Michael Matte
     
Michael Matte
       
     
/s/  Lars Batista
     
Lars Batista
       
     
/s/  Ernesto Cruz
     
Ernesto Cruz
       
     
/s/  Malcolm Jozoff
     
Malcolm Jozoff
       
     
/s/  Lionel Sosa
     
Lionel Sosa
       
     
/s/  Dr. Jill Syverson-Stork
     
Dr. Jill Syverson-Stork
       


Attention.  Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).


 
EX-99.1 2 ex99-1.htm PARENT VOTING AGREEMENT ex99-1.htm
EXHIBIT 99.1
 
 
PARENT VOTING AGREEMENT
 
THIS PARENT VOTING AGREEMENT (this “Agreement”) is made and entered into as of July __, 2011, by and among Quepasa Corporation., a Nevada corporation (“Parent”), the undersigned shareholder (“Shareholder”) of Parent, and Insider Guides, Inc., a Delaware corporation (the “Company”).
 
RECITALS
 
A.           Concurrently with the execution of this Agreement, Parent, Parent’s subsidiary, IG Acquisition Company (“Merger Sub”), and the Company have entered into an Agreement and Plan of Merger (the “Merger Agreement”), which provides for the merger of the Company with and into Merger Sub (the “Merger”).
 
B.           Pursuant to the Merger, all of the issued and outstanding shares of capital stock of the Company will be canceled and converted into the right to receive the consideration set forth in the Merger Agreement, all upon the terms and subject to the conditions set forth in the Merger Agreement.
 
C.           As of the date hereof, Shareholder is the beneficial owner (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) of the number of shares of outstanding capital stock of Parent and other securities convertible into, or exercisable or exchangeable for, shares of capital stock of Parent (the “Shares”) set forth on the signature page of this Agreement.
 
D.           As a material inducement to the Company to enter into and to consummate the transactions contemplated by the Merger Agreement, Company has required that Shareholder agree, and Shareholder is willing to agree, to restrict the transfer or disposition of any of the Shares, or any other shares of capital stock of the Parent acquired by Shareholder hereafter and prior to the Expiration Time (as defined in Section 1(a) hereof), and to vote the Shares and any other such shares of capital stock of Parent as set forth in this Agreement.
 
NOW, THEREFORE, the parties hereto hereby agree as follows:
 
1.           Agreement to Retain Shares.
 
(a)           Transfer.  Shareholder agrees that, at all times during the period beginning on the date hereof and ending at the Expiration Time, Shareholder shall not Transfer (as defined below) any of the Shares or any New Shares (as defined in Section 1(b) hereof), or make any agreement regarding any Transfer, in each case without the prior written consent of Company.  Shareholder agrees that any Transfer in violation of this Agreement shall be void and of no force or effect.
 
 
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As used herein, the term “Expiration Time” shall mean the earliest to occur of (i) the Effective Time (as defined in the Merger Agreement), (ii) the termination of the Merger Agreement in accordance with the terms thereof, or (iii) the occurrence of a Material Adverse Amendment.  As used herein (A) the term “Material Adverse Amendment” shall mean an amendment, modification or waiver to the Merger Agreement that (i) (1) directly or indirectly increases the Merger Consideration (as defined in the Merger Agreement) payable in connection with the Merger, (2) waives, amends or modifies any condition to the obligation of Parent to consummate the Merger, (3) waives any breach of representation, warranty, covenant or agreement of Company contained in the Merger Agreement, (4) waives, amends or modifies any representation, warranty, covenant or agreement of Company so as to reduce the scope thereof, or the obligation thereunder, or (5) materially and adversely affects the Shareholder and (ii) is approved by the Parent’s Board of Directors regardless of whether in such vote the Shareholder’s nominee (if any) on the Parent’s Board of Directors (or the Shareholder in his capacity as a director) voted against such amendment.  As used herein, the term “Transfer” shall mean, with respect to any security, the direct or indirect assignment, sale, transfer, tender, pledge, hypothecation, or the gift, placement in trust, or the Constructive Sale (as defined below) or other disposition of such security (excluding transfers by testamentary or intestate succession or otherwise by operation of law) or any right, title or interest therein (including, but not limited to, any right or power to vote to which the holder thereof may be entitled, whether such right or power is granted by proxy or otherwise), or the record or beneficial ownership thereof, the offer to make such a sale, transfer, Constructive Sale or other disposition, and each agreement, arrangement or understanding, whether or not in writing, to effect any of the foregoing, excluding any of the foregoing effected (A) pursuant to a court order, (B) pursuant to the Merger, (C) pursuant to a Rule 10b5-1 trading plan, (D) to any transferee if such transferee, prior to the Transfer, executes a binding agreement with Parent and the Company substantially in the form of this Agreement.  As used herein, the term “Constructive Sale” shall mean, with respect to any security, a short sale with respect to such security, entering into or acquiring an offsetting derivative contract with respect to such security, entering into or acquiring a futures or forward contract to deliver such security or entering into any other hedging or other derivative transaction that has the effect of materially changing the economic benefits and risks of ownership.
 
(b)           New Shares.  Shareholder agrees that any shares of capital stock of the Parent that Shareholder purchases or with respect to which Shareholder otherwise acquires beneficial ownership after the date of this Agreement and prior to the Expiration Time, including, without limitation, shares issued or issuable upon the conversion, exercise or exchange, as the case may be, of all securities held by Shareholder which are convertible into, or exercisable or exchangeable for, shares of capital stock of the Parent (“New Shares”), shall be subject to the terms and conditions of this Agreement to the same extent as if they constituted Shares as of the date hereof.
 
2.           Agreement to Vote Shares.  Until the Expiration Time, at every meeting of shareholders of the Parent called with respect to any of the following, and at every adjournment or postponement thereof, and on every action or approval by written consent of shareholders of the Parent with respect to any of the following, Shareholder shall vote, to the extent not voted by the person(s) appointed under the Proxy (as defined in Section 3), the outstanding Shares and any outstanding New Shares (to the extent any such New Shares may be voted):
 
 
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(i)            in favor of approval of the issuance of shares of the common stock of the Parent as consideration for the Merger as set forth in the Merger Agreement, and in favor of the Financing Transaction (as defined in the Merger Agreement);
 
(ii)            against approval of any proposal made in opposition to, or in competition with, the issuance of shares of the common stock of the Parent as consideration for the Merger as set forth in the Merger Agreement;
 
(iii)           against any action which the Company is prohibited from taking under Section 5.2 of the Merger Agreement; and
 
(iv)           in favor of waiving any notice that may have been or may be required relating to any reorganization of the Parent or any subsidiary of the Parent, any issuance, reclassification or recapitalization of the capital stock of the Parent or any subsidiary of the Parent, any sale or purchase of assets, change of control of or acquisition by the Parent or any subsidiary of the Parent or any other person, or any consolidation or merger to which the Parent or any subsidiary of the Parent is the surviving entity.
 
Prior to the Expiration Time, Shareholder shall not enter into any agreement or understanding with any person to vote or give instructions in any manner inconsistent with this Section 2.
 
3.           Irrevocable Proxy.  Concurrently with the execution of this Agreement, Shareholder agrees to deliver to Company an irrevocable proxy in the form attached hereto as Appendix A (the “Proxy”), which shall be irrevocable to the fullest extent permitted by applicable law, covering the total number of Shares and New Shares.
 
4.           Representations, Warranties and Covenants of Shareholder.  Shareholder represents, warrants and covenants to Company as follows:
 
(i)           Shareholder is the beneficial owner of the Shares, with full power to vote or direct the voting of the Shares for and on behalf of any and all beneficial owners of the Shares.
 
(ii)           As of the date hereof, the Shares are, and at all times up until the Expiration Time the Shares will be, free and clear of any rights of first refusal, co-sale rights, security interests, liens, pledges, claims, options, charges or other encumbrances of any kind or nature, in each case that would impair Shareholder’s ability to fulfill its obligations under Section 2.  The execution and delivery of this Agreement by Shareholder do not, and Shareholder’s performance of its obligations under this Agreement will not conflict with or violate any order, decree, judgment or agreement known by the Shareholder to be applicable to such Shareholder or by which Shareholder or any of Shareholder’s properties or Shares is bound.
 
(iii)           Shareholder does not beneficially own any shares of capital stock of the Parent, or any securities convertible into, or exchangeable or exercisable for, shares of capital stock of the Parent, other than as set forth on the signature page hereto.
 
 
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(iv)           Shareholder has full power and authority to make, enter into and carry out the terms of this Agreement, the Proxy and any other related agreements to which Shareholder is a party.
 
5.           Additional Documents.  Shareholder hereby covenants and agrees to execute and deliver any additional documents reasonably necessary or desirable to carry out the purpose and intent of this Agreement.
 
6.           Termination.  This Agreement and the Proxy delivered in connection herewith shall terminate automatically and shall have no further force or effect as of the Expiration Time.
 
7.           Parent Covenants.  The Parent agrees to make a notation on its records and give instructions to its transfer agent(s) not to permit, prior to the Expiration Time, the transfer of any Shares or New Shares, except as permitted pursuant to Section 1(a).
 
8.           Miscellaneous.
 
(a)           Directors and Officers.  Notwithstanding any provision of this Agreement to the contrary, Shareholder has entered into this Agreement in its, his or her capacity as a Shareholder of the Parent, and nothing in this Agreement shall limit or restrict Shareholder or any representative of Shareholder from acting, if applicable, in the Shareholder’s or such representative’s capacity as a director or officer of the Parent (it being understood that this Agreement shall apply to Shareholder solely in Shareholder’s capacity as a shareholder of the Parent) or voting in Shareholder’s sole discretion on any matter other than those matters referred to in Section 2.  Company covenants that it will not bring, commence, institute, maintain, prosecute, participate in or voluntarily aid any action, claim, suit or cause of action, in law or in equity, in any court or before any governmental entity, which (i) alleges that any action taken (or not taken) by Shareholder or Shareholder’s representative solely in Shareholder’s or such representative’s capacity as a director or officer of the Parent breaches or violates or would breach or violate any provision of this Agreement or the Proxy or (ii) challenges the right of Shareholder to vote or challenges the validity of or seeks to enjoin any vote by Shareholder (or the grant of a proxy with respect thereto) on any matter other than those matters set forth in Section 2.
 
(b)           Waiver.  No waiver by any party hereto of any condition or any breach of any term or provision set forth in this Agreement shall be effective unless in writing and signed by the other party hereto.  The waiver of any breach of any term or provision of this Agreement shall not operate as or be con­strued to be a waiver of any other previous or subsequent breach of any term or provision of this Agreement.  No delay or omission by Company in exercising any right under this Agreement shall operate as a waiver of that right or any other right under this Agreement.
 
(c)           Notices.  All notices and other communications hereunder shall be in writing and shall be deemed duly given (i) on the date of delivery if delivered personally, (ii) on the date of confirmation of receipt (or the first business day following such receipt if the date is not a business day) if sent via facsimile (receipt confirmed), or (iii) on the date of confirmation of receipt (or the first business day following such receipt if the date is not a business day) if delivered by a nationally recognized courier service.  All notices hereunder shall be delivered to the parties at the following addresses or facsimile numbers (or pursuant to such other instructions as may be designated in writing by the party to receive such notice):
 
 
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If to Company:
Insider Guides, Inc.
 
 
280 Union Square Drive
 
 
New Hope, PA  18938
 
 
Telephone:
 
 
Facsimile:
 
 
Attention:
Mr. Geoff Cook
     
With a copy to:
SNR Denton US LLP
 
 
Two World Financial Center
 
 
225 Liberty Street
 
 
New York, NY  10281-2699
 
 
Telephone:
212-768-6700
 
Facsimile:
212-768-6800
 
Attention:
Lisa A. Weiss
     
If to Parent:
Quepasa Corp.
 
 
324 Datura Street, Suite 114
 
 
West Palm Beach, FL 33401
 
 
Telephone:
561-366-1249
 
Facsimile:
 
 
Attention:
 
     
With a copy to:
Bradley Arant Boult Cummings LLP
 
1600 Division Street, Suite 700
 
 
Nashville, TN 37203
 
 
Telephone:
615-252-2388
 
Facsimile:
615-252-6388
 
Attention:
Jeffrey S. Buschmann
     
If to Shareholder:
To the address for notice set forth on the signature page hereof
 
(d)           Headings.  All captions and section headings used in this Agreement are for convenience only and do not form a part of this Agreement.
 
(e)           Counterparts.  This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other party, it being understood that all parties need not sign the same counterpart.
 
 
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(f)           Entire Agreement; Amendment.  This Agreement constitutes the entire agreement among the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, both written and oral, among the parties with respect to the subject matter hereof.  This Agreement may not be changed or modified, except by an agreement in writing specifically referencing this Agreement and executed by each of the parties hereto.
 
(g)           Severability.  In the event that any provision of this Agreement, shall be determined to be invalid, unlawful, void or unenforceable to any extent, the remainder of this Agreement shall not be impaired or otherwise affected and shall continue to be valid and enforceable to the fullest extent permitted by law.
 
(h)           Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada, regardless of the laws that might otherwise govern under applicable principles of conflicts of law thereof.  The venue and consent to jurisdiction provisions of Section 9.7 of the Merger Agreement shall apply to this Agreement as set forth herein.
 
(i)           Rules of Construction.  The parties hereto agree that they have been represented by counsel during the negotiation and execution of this Agreement and, therefore, waive the application of any law, regulation, holding or rule of construction providing that ambiguities in an agreement or other document will be construed against the party drafting such agreement or document.
 
(j)           Remedies.  The parties acknowledge that Company will be irreparably harmed and that there will be no adequate remedy at law for a violation of any of the covenants or agreements of Shareholder set forth herein.  Therefore, it is agreed that, in addition to any other remedies that may be available to Company upon any such violation, Company shall have the right to enforce such covenants and agreements by specific performance, injunctive relief or by any other means available to Company at law or in equity.
 
(k)           No Assignment.  Unless otherwise provided for herein, Shareholder may not assign this Agreement.  This Agreement shall inure to the benefit of Parent, Company and their respective successors and assigns.
 

 

 
[Remainder of Page Intentionally Left Blank]
 
 
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IN WITNESS WHEREOF, the undersigned have executed this Agreement on the date first above written.
 
QUEPASA CORPORATION              SHAREHOLDER:  
         
By: 
       
Name:    
   
Signature
 
Title:  
   
 
 
      Print Name  
         
         
         
      Address  
         
INSIDER GUIDES, INC.     Shares:  
         
By:          Parent Common Stock:       
Name:       Parent Preferred Stock:    
Title:      Parent Options:    
      Parent Warrants:     
         
         
 
 
[SIGNATURE PAGE TO PARENT VOTING AGREEMENT]
 
 
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APPENDIX A
 
IRREVOCABLE PROXY
 
The undersigned shareholder (“Shareholder”) of Quepasa Corporation, a Nevada corporation (the “Parent”), hereby irrevocably (to the fullest extent permitted by law) appoints [   ] of Insider Guides, Inc., a Delaware corporation (“Company”), and each of them, as the sole and exclusive attorneys-in-fact and proxies of the undersigned, with full power of substitution and resubstitution, to vote and exercise all voting and related rights (to the full extent that the undersigned is entitled to do so) with respect to all of the shares of capital stock of the Parent that now are or hereafter may be beneficially owned by the undersigned, and any and all other shares or securities of the Parent issued or issuable in respect thereof on or after the date hereof (collectively, the “Shares”), in accordance with the terms of this Proxy until the Expiration Time (as defined in that certain Parent Voting Agreement, dated of even date herewith, by and among Parent, the Company and Shareholder (the “Voting Agreement”)), subject to limitations herein and therein.  The Shares beneficially owned by the undersigned shareholder of the Parent as of the date of this Proxy are listed on the final page of this Proxy.  Upon the undersigned’s execution of this Proxy, any and all prior proxies given by the undersigned with respect to any Shares for the Specified Matters (as defined below) are hereby revoked and the undersigned hereby agrees not to grant any subsequent proxies with respect to the Shares until after the Expiration Time (as defined in the Voting Agreement).
 
This Proxy is irrevocable (to the fullest extent permitted by applicable law), is coupled with an interest and is granted pursuant to the Voting Agreement, and is granted in consideration of Company entering into that certain Agreement and Plan of Merger, dated as of July [__], 2011, by and among Parent, the Company and certain other parties (the “Merger Agreement”).  The Merger Agreement provides for the merger of the Company with and into a wholly owned subsidiary of Parent in accordance with its terms (the “Merger”).
 
The attorneys-in-fact and proxies named above are hereby authorized and empowered by the undersigned, at any time prior to the Expiration Time (as defined in the Voting Agreement), to act as the undersigned’s attorney-in-fact and proxy to vote the Shares, and to exercise all voting, consent and similar rights of the undersigned with respect to the Shares (including, without limitation, the power to execute and deliver written consents), at every annual, special, adjourned or postponed meeting of shareholders of the Parent and in every written consent in lieu of such meeting with respect to the following matters (the “Specified Matters”):
 
(i)             in favor of approval of the issuance of shares of the common stock of the Parent as consideration for the Merger as set forth in the Merger Agreement, and in favor of the Financing Transaction (as defined in the Merger Agreement);
 
 
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(ii)            against approval of any proposal made in opposition to, or in competition with, the issuance of shares of the common stock of the Parent as consideration for the Merger as set forth in the Merger Agreement;
 
(iii)           against any action which the Company is prohibited from taking under Section 5.2 of the Merger Agreement; and
 
(iv)           in favor of waiving any notice that may have been or may be required relating to any reorganization of the Parent or any subsidiary of the Parent, any issuance, reclassification or recapitalization of the capital stock of the Parent or any subsidiary of the Parent, any sale or purchase of assets, change of control of or acquisition by the Parent or any subsidiary of the Parent or any other person, or any consolidation or merger to which the Parent or any subsidiary of the Parent is the surviving entity.
 
The attorneys-in-fact and proxies named above may not exercise this Proxy on any other matter except for the Specified Matters as described in clauses (i), (ii), (iii) or (iv) above, and Shareholder may vote the Shares on all other matters.
 
Any obligation of the undersigned hereunder shall be binding upon the successors and assigns of the undersigned.
 
This Proxy shall terminate, and be of no further force and effect, automatically as of the Expiration Time.
 
[Remainder of Page Intentionally Left Blank]
 
*****
 
 
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This Proxy shall terminate, and be of no further force and effect, automatically upon the Expiration Time (as defined in the Voting Agreement).
 
Dated: July [  ], 2011
 
         
     
Signature
 
     
 
 
      Print Name  
         
         
         
      Address  
         
      Shares:  
         
      Parent Common Stock:       
      Parent Preferred Stock:    
      Parent Options:    
      Parent Preferred Stock:       
 
[SIGNATURE PAGE TO PROXY]