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 Exchange Act of 1934
Date of Report (Date of earliest event reported): January 13, 2017
Exquisite Acquisition, Inc.
|
| (Exact name of registrant as specified in its charter) |
| Delaware | 333-201697
|
47-3003188
| ||
| (state or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification Number) |
780 Reservoir Avenue #123 Cranston, RI |
02910 | |
| (address of principal executive offices) | (zip code) |
| 401-641-0405 |
| (registrant’s telephone number, including area code) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Item 1.01 Entry into a Material Definitive Agreement.
On December 29, 2016, Thomas DeNunzio of 780 Reservoir Avenue, #123, Cranston, RI 02910, the sole shareholder of Exquisite Acquisition, Inc. (the “Registrant” or “Company”), entered into a Share Purchase Agreement (the “Agreement”) with Photozou Co., Ltd., with an address at 2-24-13-904, Kamiosaki, Shinagawa-ku Tokyo, Japan. Pursuant to closing of the agreement on January 13, 2017, Mr. DeNunzio transferred to Photozou Co., Ltd., 8,000,000 shares of our common stock which represents all of our issued and outstanding shares in consideration of $100,000.
The description of the material terms of the aforementioned Agreement included in Items 5.01 and 5.02 of this Form 8-K is incorporated by reference into this Item.
Item 5.01 Change in Control of Registrant.
On January 13, 2017, Mr. DeNunzio, the sole shareholder of Exquisite Acquisition, Inc., consummated a sale of 8,000,000 shares of our common stock to Photozou Co., Ltd., for an aggregate purchase price of $100,000. Following the closing of the share purchase transaction, Photozou Co., Ltd. owns a 100% interest in the issued and outstanding shares of our common stock. Photozou Co., Ltd. is the controlling shareholder of Exquisite Acquisition, Inc. Commensurate with the closing, Exquisite Acquisition, Inc. filed with the Delaware Secretary of State, a Certificate of Amendment to change the name of Registrant to Photozou Holdings, Inc.
The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain officers; Compensatory Arrangements of Certain Officers.
On January 13, 2017, Mr. Thomas DeNunzio resigned as our Chief Executive Officer, Chief Financial Officer, President, Director, Secretary, and Treasurer, such resignation of which is to be effective ten days after the filing and mailing of an Information Statement required by Rule 14f-1 under the Securities Exchange Act of 1934, as amended. The resignation was not the result of any disagreement with us on any matter relating to our operations, policies or practices.
On January 13, 2017, Mr. Koichi Ishizuka was appointed as Chief Executive Officer, Chief Financial Officer, President, Director, Secretary, and Treasurer, to hold such office ten days after the filing and mailing of an Information Statement required by Rule 14f-1 under the Securities Exchange Act of 1934, as amended.
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Mr. Koichi Ishizuka, Age 44- Chief Executive Officer, Chief Financial Officer, President, Director, Secretary, and Treasurer
Background of Mr. Koichi Ishizuka
In 2004 Mr. Koichi Ishizuka graduated with his MBA from the University of Aoyama Gakuin. Several years later in 2011 he graduated from the Advanced Management Program at Harvard School of Business. Following Mr. Ishizuka’s formal education, he took a position as the head of marketing with Thomson Reuters, a mass media and information firm. Thereafter, he served as the CEO of Xinhua Finance Japan in 2006, Fate Corporation in 2008, and LCA Holdings., Ltd in 2009. Currently, Mr. Ishizuka serves as the Chief Executive Officer of OFF Line Co., Ltd. And Photozou Co., Ltd. He has held the position of CEO with OFF Line Co., Ltd. Since 2013 and with Photozou Co., Ltd since 2016.
As of the date of this filing, there has not been any material plan, contract or arrangement (whether or not written) to which any of our officers or directors are a party in connection with their appointments at Exquisite Acquisition, Inc.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
On January 13, 2017, the Company’s Board of Directors approved to change the name of the Company from “Exquisite Acquisition, Inc.” to Photozou Holdings, Inc.”
The name change was also approved by a majority shareholder vote without conducting a shareholders’ meeting as permitted by the Delaware Corporation Act.
On January 18, 2017, We filed a Certificate of Amendment with the Delaware Secretary of State. The effective date of the name change shall be upon the acceptance of the Certificate of Amendment with the Secretary of State of the State of Delaware. The Certificate of Amendment is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
A. None
B. Exhibits
| NUMBER | EXHIBIT |
| 3.1 | Certificate of Amendment of Certificate of Incorporation |
| 10.1 | Share Purchase Agreement (between Thomas DeNunzio and Photozou Co., Ltd. dated January 18, 2017) |
| 99.1 | Officer and Director Resignation Letter |
| 99.2 | Written Consent by the Shareholders of Exquisite Acquisition Inc. to change name to Photozou Holdings, Inc. |
| 99.3 | Unanimous Written Consent by the Board of Directors of Exquisite Acquisition, Inc. approving name change to Photozou Holdings, Inc. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
| Exquisite ACQUISITION, INC. | |
| Dated: January 19, 2017 | /s/ Thomas DeNunzio |
| Thomas DeNunzio | |
| Chief Executive Officer |
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STATE OF DELAWARE
CERTIFICATE OF AMENDMENT
OF CERTIFICATE OF INCORPORATION
The corporation organized and existing under and by virtue of the General Corporation Law of the State of Delaware does hereby certify:
FIRST: That at a meeting of the Board of Directors of Exquisite Acquisition, Inc.
resolutions were duly adopted setting forth a proposed amendment of the Certificate of Incorporation of said corporation, declaring said amendment to be advisable and calling a meeting of the stockholders of said corporation for consideration thereof. The resolution setting forth the proposed amendment is as follows:
RESOLVED, that the Certificate of Incorporation of this corporation be amended by changing the Article thereof numbered “ 1 ” so that, as amended, said Article shall be and read as follows:
The name of the corporation is Photozou Holdings, Inc. (“the Corporation”).
SECOND: That thereafter, pursuant to resolution of its Board of Directors, a special meeting of the stockholders of said corporation was duly called and held upon notice in accordance with Section 222 of the General Corporation Law of the State of Delaware at which meeting the necessary number of shares as required by statute were voted in favor of the amendment.
THIRD: That said amendment was duly adopted in accordance with the provisions of Section 242 of the General Corporation Law of the State of Delaware.
IN WITNESS WHEREOF, said corporation has caused this certificate to be signed this 18th day of January, 2017
By: /s/ Thomas DeNunzio
Authorized Officer
Title: President and Director
Name: Thomas DeNunzio
Print or Type
SHARE PURCHASE AGREEMENT
This Agreement made as of the 29th day of December 2016 (“Agreement”), by and between Thomas DeNunzio, with an address at 780 Reservoir Avenue, #123, Cranston, R.I. 02910 ("Seller"), and Photozou Co., Ltd with an address at 2-24-13-904, Kamiosaki, Shinagawa-ku, Tokyo, 141-0021, Japan ("Purchaser").
W I T N E S S E T H:
WHEREAS, Seller is the record owner and holder of 8,000,000 Common Shares, par value $.0001 par value (the “Shares”), of EXQUISITE ACQUISITION, INC., a Delaware corporation ("Corporation”), which Corporation has 8,000,000 shares of restricted common stock issued and outstanding as of the date of this Agreement. The Corporation has filed an S-1 registration statement with the Securities and Exchange Commission with an effective date of August 19, 2016. The CIK No. is 0001627469. None of the Seller’s shares are registered and therefore are restricted securities.
WHEREAS, Purchaser desire to purchase 8,000,000 restricted Shares from Seller, which constitutes 100% of the Corporation’s issued and outstanding Shares as of the date of this Agreement and Seller desires to sell such Shares upon the terms and conditions hereinafter set forth;
NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements contained in this Agreement, and necessary to consummate the purchase and sale of the Seller’s Shares, it is hereby agreed, as follows:
| 1. | PURCHASE AND SALE OF SHARES. Subject to the terms and conditions of this Agreement, Purchaser agrees to purchase at the Closing and the Seller agrees to sell to Purchaser at the Closing, 8,000,000 of Seller’s Shares for a purchase price of One Hundred Thousand U.S. dollars and no cents ($100,000.00), (the “Purchase Price”). Purchaser agrees to wire transfer to an account to be designated by Seller, the sum of One Hundred Thousand U.S. dollars and no cents ($100,000.00) to Seller at Closing. Purchaser will wire funds and provide Seller with proof of payment within 24 hours of Closing. |
2. EVENT OF DEFAULT. If, in the event Purchaser shall fail to make and evidence to Seller payment of the purchase price pursuant to paragraphs No. 1., then this agreement will automatically become null and void without any further notification to Purchaser notwithstanding that Purchaser in his sole discretion may extend the time for performance of this Agreement if requested by Seller in writing.
If, in the event Purchaser fails to tender the said purchase price per the terms and conditions set forth in paragraph No. 3., then this Agreement will automatically become null and void. Seller in his sole discretion may extend the time for performance of this Agreement if requested by Purchaser in writing. Purchaser may notify Seller through email.
3. CLOSING. The purchase and sale of the Shares shall take place on or before January 13, 2017; at or before 11 PM EST (which time is designated as the “Closing”). At Closing, Purchaser shall deliver to Seller, in cash, by wire transfer to an account to be designated by Seller, or his nominee for the Purchase Price totaling the amount of One Hundred Thousand U.S. dollars and no cents ($100,000.00), which amount shall include any good faith deposits made, if any, and Seller will promptly deliver the following to Purchaser: (A) the certificates representing the Shares transferred hereunder, duly endorsed for transfer to the Purchaser or accompanied by appropriate stock powers, (B) the original of the Certificate of Incorporation and bylaws, (C) all corporate books and records; (D) written resignations of incumbent directors and officers of the Corporation; and (F) an affidavit certifying that all liabilities of the Corporation prior to the Closing date shall be paid in full out of the proceeds of this share purchase.
4. POST-CLOSING DUTIES BY SELLER. Seller agrees to perform following duties for Purchaser after
the Closing for no additional fee:
a. Completion of year end audit for fiscal year ending 11-30-16. Seller will prepare and file Form 10-K. Seller will pay for audit and 10-K.
b. Post-effective amendment to the registration statement upon business combination with Photozou Co, Ltd. pursuant to the terms and conditions of Rule 419 offering.
c. 8-K filing for the sale of common stock by Seller.
d. Resignation of current director and appointment of new director.
e. Schedule 14F & Schedule 13D filing.
f. Introduction to PCAOB auditor.
g. Introduction to our Rule 419 Escrow Agent
h. Introduction to stock Transfer Agent
i. Form 3.
j. Consult with market maker to file FINRA Form 211.
k. Consult with DTC market participant so shares may be electronically traded. Purchaser will pay DTC market participant.
l. Company name change.
5. REPRESENTATIONS AND WARRANTIES OF SELLER. Seller, as sole director and officer of Corporation, hereby represents and warrants to Purchaser that:
| (i) | Corporation is a blank check corporation duly organized and validly existing and in good standing under the laws of the State of Delaware and has the corporate power and authority to carry on the business it is now being conducted. Corporation and/or Seller do not require any consent and/or authorization, declaration or filing with any government or regulatory authority to undertake any actions herein; |
| (ii) | Corporation has filed with the United States Securities and Exchange Commission (‘SEC”) a registration statement on Form S-1 in accordance with 17 CFR 230.419, as amended. The effective date of registration statement is August 19, 2016. |
| (iii) | Corporation has timely filed and is current on all reports required to be filed by it pursuant to Sections 13 and 15 of the Securities Exchange Act of 1934. |
| (iv) | Corporation was formed in Delaware on September 29, 2014 with no financial information available other than the financial information included in its SEC filings; |
| (v) | There are no legal actions, suits, arbitrations, or other administrative, legal or governmental proceedings threatened or pending against the Corporation and/or Seller or against the Seller or other employee, officer, director or stockholder of Corporation. Additionally, Seller is not aware of any facts which may/might result in or form a basis of such action, suit, arbitration or other proceeding on any basis whatsoever; |
| (vi) | The Corporation has no subsidiaries or any direct or indirect ownership interest in any other corporation, partnership, association, firm or business in any manner; |
| (vii) | The Corporation and/or Seller does not have in effect nor has any present intention to put into effect any employment agreements, deferred compensation, pension retirement agreements or arrangements, options arrangements, bonus, stock purchase agreements, incentive or profit–sharing plans; |
| (viii) | No person or firm has, or will have, any right, interest or valid claim against the Corporation for any commission, fee or other compensation in connection with the sale of the Shares herein as a finder or broker or in any similar capacity as a result of any act or omission by the Corporation and/or Seller or anyone acting on behalf of the Corporation and/or Seller; |
| (ix) | The business and operation of the Corporation has and will be conducted in accordance with all applicable laws, rules, regulations, judgments. Neither the execution, delivery or performance of this Agreement (A) violates the Corporation’s by-laws, Certificate of Incorporation, Shareholder Agreements or any existing resolutions; and, (B) will cause the Corporation to lose any benefit or any right or privilege it enjoys under the Securities Act (“Act”) or other applicable state securities laws; |
| (x) | Corporation has not conducted any business and/or entered into any agreements with third-parties other than Amended and Restated Subscription Escrow Agreement with Wilmington Trust, National Association, as escrow agent for the S-1 blank check offering whereas the foregoing escrow agreement is attached as Exhibit 99.1 to the S-1/A registration statement on August 12, 2016; |
| (xi) | This Agreement has been duly executed and delivered by Seller constitutes a valid and binding instrument, enforceable in accordance with its terms and does not conflict with or result in a breach of or in violation of the terms, conditions or provisions of any agreement, mortgage, lease or other instrument or indenture to which Corporation and/or Seller a party or by which they are bound; |
| (xii) | Seller is the legal and beneficial owner of the Shares and has good and marketable title thereto, free and clear of any liens, claims, rights and encumbrances; |
| (xiii) | Seller warrants that the Corporation being transferred shall be transferred with no liabilities and little or no assets, and shall defend and hold Purchaser and the Corporation harmless against any action by any third party against either of them arising out of, or as a consequence of, any act or omission of Seller or the Corporation prior to, or during the closing contemplated by this contract of sale; and |
| (xiv) | Seller will cause all current officers and directors of the Corporation to resign at the Closing. |
| (xv) | This Agreement is not contingent on the sale of any S-1 registered shares of the Corporation to any person or entity. |
6. REPRESENTATIONS AND WARRANTIES OF PURCHASER. Purchaser hereby represents
and warrants to Seller that:
| (i) | Purchaser has the power and authority to execute and deliver this Agreement, to perform his obligations hereunder and to consummate the transactions contemplated hereby. This Agreement has been duly executed and delivered by Purchaser and constitutes a valid and binding instrument, enforceable in accordance with its terms; |
| (ii) | The execution, delivery and performance of this Agreement is in compliance with and does not conflict with or result in a breach of or in violation of the terms, conditions or provisions of any agreement, mortgage, lease or other instrument or indenture to which Purchaser is a party or by which Purchaser is bound; |
| (iii) | At no time was Purchaser presented with or solicited by or through any leaflet, public promotional meeting, television advertisement or any other form of general solicitation or advertising; and, |
(iv) Purchaser is purchasing the Shares solely for its own account for the purpose of investment and not with a view to, or for sale in connection with, any distribution of any portion thereof in violation of any applicable securities law.
(v) The Purchaser is an "accredited investor" as defined under Rule 501 under the Securities Act.
(vi) Purchaser hereby understands that the foregoing shares purchased from Seller are restricted securities and not registered in the S-1 registration statement and being sold pursuant to available exemption under the Act.
(vii) Purchaser acknowledges that the Company is a blank check company and that the Company has filed an S-1 registration statement, File No. 333-201697 whereas the Company is subject to the rules and conditions of 17 CFR 230.419.
(viii) Purchaser acknowledges their understanding of 17 CFR 230.419.
(ix) Purchase has received and reviewed the prospectus and registration statement of the Corporation.
(x) The Purchaser acknowledges that Seller’s restricted shares are not part of the Rule 419 S-1 offering
statement and therefore are exempt from the terms and conditions of the foregoing Rule.
(xi) The Purchaser acknowledges that the Corporation agrees to notify escrow agent when it has filed a
post-effective amendment for acquisition agreement whereas, it has filed executed agreement(s) for
the acquisitions of business(es) or assets that constitute the business (or a line of business) of the
Corporation and for which the fair value of the business(es) or net assets to be acquired represents
at least 80 percent of the maximum offering proceeds including proceeds received or to be received
upon the exercise or conversion of any securities offered, but excluding amounts payable to non-
affiliates for underwriting commissions, underwriting expenses and dealer allowances.
7. NOTICES. Notice shall be given by email at the most recent address last received by Seller from Buyer or by Buyer from Seller. Notice may also be given by certified mail, return receipt requested, the date of notice being deemed the date of postmarking. Notice, unless either party has notified the other of an alternative address as provided hereunder, shall be sent to the address as set forth herein:
Seller:
Thomas DeNunzio, President and Director
Exquisite Acquisition, Inc.
780 Reservoir Avenue, #123
Cranston, R.I. 02910
Phone: (401) 641-0405
FAX: (401) 633-7300
Email: tom@vfinancialgroup.com
Purchaser:
Photozou Co., Ltd
2-24-13-904, Kamiosaki, Shinagawa-ku
Tokyo, 141-0021
8. GOVERNING LAW. This Agreement shall be interpreted and governed in accordance with the laws of the State of Rhode Island. The parties herein waive trial by jury. In the event that litigation results or arise out of this Agreement or the performance thereof, the parties agree that the prevailing party is entitled to reimbursement for the non-prevailing party of reasonable attorney’s fee, costs, expenses, in addition to any other relief to which the prevailing party may be entitled.
9. CONDITIONS TO CLOSING. The Closing is conditioned upon the fulfillment by the Seller of the satisfaction of the representations and warranties made herein being true and correct in all material respects as of the date of Closing.
10. SEVERABILITY. In the event that any term, covenant, condition, or other provision contained herein is held to be invalid, void or otherwise unenforceable by any court of competent jurisdiction, the invalidity of any such term, covenant, condition, provision or Agreement shall in no way affect any other term, covenant, condition or provision or Agreement contained herein, which shall remain in full force and effect.
11. ENTIRE AGREEMENT. This Agreement contains all of the terms agreed upon by the parties with respect to the subject matter hereof. This Agreement has been entered into after full investigation.
12. INVALIDITY. If any paragraph of this Agreement shall be held or declared to be void, invalid or illegal, for any reason, by any court of competent jurisdiction, such provision shall be ineffective but shall not in any way invalidate or effect any other clause, Paragraph, section or part of this Agreement.
13. GENDER AND NUMBER; SECTION HEADINGS. Words importing a particular gender mean and include the other gender and words importing a singular number mean and include the plural number and vice versa, unless the context clearly indicated to the contrary. The section and other headings contained in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Agreement.
14. AMENDMENTS. No amendments or additions to this Agreement shall be binding unless in writing, signed by both parties, except as herein otherwise provided.
15. ASSIGNMENT. Neither party may assign this Agreement without the express written consent of the other party. Any agreed assignment by the Seller shall be effectuated by all the necessary corporate authorizations and governmental and/or regulatory filings.
16. CLOSING DOCUMENTS. Seller and Purchaser agree, at any time, to execute, and acknowledge where appropriate, and to deliver any and all documents/instruments, and take such further action, which may necessary to carry out the terms, conditions, purpose and intentions of this Agreement. This paragraph shall survive the Closing.
17. EXCLUSIVE AGREEMENT; AMENDMENT. This Agreement supersedes all prior agreements or understandings among the parties with respect to its subject matter with respect thereto and cannot be changed or terminated orally.
18. FACSIMILE SIGNATURES. Execution of this Agreement and delivery of signed copies thereof by facsimile signatures from the parties hereto or their agents is acceptable to the parties who waive any objections or defenses based upon lack of an original signature.
19. PUBLICITY. Except as otherwise required by law, none of the parties hereto shall issue any press release or make any other public statement, in each case relating to, connected with or arising out of this Agreement or the matters contained herein, without obtaining the prior approval of the other to the contents and the manner of presentation and publication thereof.
20. INDEMNIFICATION. Seller shall hold Purchaser harmless from any and all claims arising out of or related to (i) actions taken by Seller in her capacity as a shareholder of the Company prior to the payment of the good faith deposit, or (ii) any lawsuits against the Corporation arising during the period of time prior to the payment of the good faith deposit; (iii) any requests, audits or comment letters issued by the Securities and Exchange Commission related to the period of time prior to receipt of the good faith deposit.
IN WITNESS WHEREOF, and intending to be legally bound, the parties hereto have carefully read the foregoing Agreement and fully understand its contents and binding effect. This Agreement shall become effective upon signature of Purchaser and Seller at the date first written above.
By: /s/ Koichi Ishizuka
PURCHASER: Photozou Co., Ltd. by
Koichi Ishizuka, its chief executive officer
By: /s/ Thomas DeNunzio
SELLER: Thomas DeNunzio
RESIGNATION LETTER
January 13, 2017
To the Shareholders and Board of Directors of
Exquisite Acquisition, Inc.,
Gentlemen:
This letter serves as notice that as of the date hereof, I hereby resign from my position as Chief Executive Officer, Chief Financial Officer, President, Director, Secretary, and Treasurer, of Exquisite Acquisition, Inc. (the “Corporation”). My resignation is not the result of any disagreement with the Corporation on any matter relating to its operation, policies (including accounting or financial policies) or practices.
Sincerely,
/s/ Thomas DeNunzio
Thomas DeNunzio
EXHIBIT 99.2
WRITTEN CONSENT
BY THE SHAREHOLDERS OF
Exquisite ACQUISITION, INC.
IN LIEU OF A MEETING
Pursuant to Section 228 of the Delaware General Corporation Law, as amended, which provides that any action required to be taken at a meeting of the shareholders of a Delaware corporation may be taken without a meeting, without notice or a vote if consents in writing are signed by the majority holders of outstanding common stock having not less than the minimum number of votes necessary to authorize such action at a meeting at which all shares entitled to vote are present, the undersigned being the sole and majoirty shareholder of Exquisite Acquisition, Inc., a Delaware corporation (the “Corporation”), do hereby take, ratify, affirm, and approve the following actions:
WHEREAS, Thomas DeNunzio, is the beneficial owner of 8,000,000 shares of common stock of the Corporation, which constitutes approximately 100% of the total issued and outstanding common stock of the Corporation;
WHEREAS, Thomas DeNunzio, has executed this consent to provide his consent as the majority shareholder to an amendment to the Certificate of Incorporation for the Corporation to change the Corporation's name; it is therefore
RESOLVED, that the Certificate of Incorporation of this Corporation be amended by changing the Article thereof numbered “First” so that, as amended, said Article shall be and read as follows:
“FIRST: The name of the corporation shall be Photozou Holdings, Inc.”
RESOLVED, that the appropriate officers of the Corporation be, and they hereby are, authorized and directed to take all such further actions and to execute and deliver all such instruments and documents in the name and on behalf of the Corporation, and under its corporate seal or otherwise, as in their judgment shall be necessary, proper, or advisable in order to fully carry out the intent and to accomplish the purposes of the foregoing resolutions.
The undersigned, being the majority shareholder of the Corporation, hereby unanimously consent to, approve, and adopt the foregoing actions as of the 13th of January, 2017, notwithstanding the actual date of the signing.
By: /s/ Thomas DeNunzio
Name: Thomas DeNunzio
Title: President and Director
EXHIBIT 99.3
UNANIMOUS WRITTEN CONSENT
BY THE BOARD OF DIRECTORS OF
Exquisite ACQUISITION, INC.
IN LIEU OF A MEETING
Pursuant to the General Corporation Law of the State of Delaware, as amended, which provides that any action required to be taken at a meeting of the board of directors of a Delaware corporation may be taken without a meeting if a consent in writing setting forth the action so taken shall be signed by all of the directors, the undersigned, being all of the directors of Exquisite Acquisition, Inc., a Delaware corporation (the “Corporation”), do hereby waive any and all notices that may be required to be given with respect to a meeting of the directors of the Corporation and do hereby take, ratify, affirm, and approve the following actions:
RESOLVED, that it is in the best interest of the Corporation to amend its Certificate of Incorporation to change the name of the Corporation to “Photozou Holdings, Inc.”;
RESOLVED, that the Corporation hereby recommends that shareholders approve a resolution that the Certificate of Incorporation of this Corporation be amended by changing the Article thereof numbered “First” so that, as amended, said Article shall be and read as follows:
“FIRST: The name of the corporation shall be Photozou Holdings, Inc.”
RESOLVED, that the appropriate officers of the Corporation be, and they hereby are, authorized and directed to take all such further actions and to execute and deliver all such instruments and documents in the name and on behalf of the Corporation, and under its corporate seal or otherwise, as in their judgment shall be necessary, proper, or advisable in order to fully carry out the intent and to accomplish the purposes of the foregoing resolutions.
The undersigned, being all of the directors of the Corporation, hereby unanimously consent to, approve, and adopt the foregoing actions as of January 13, 2017, notwithstanding the actual date of the signing.
By: /s/ Thomas DeNunzio Thomas DeNunzio Its: President and Director Dated: January 13, 2017 |