0001642079-17-000008.txt : 20170928 0001642079-17-000008.hdr.sgml : 20170928 20170928170428 ACCESSION NUMBER: 0001642079-17-000008 CONFORMED SUBMISSION TYPE: 1-A/A PUBLIC DOCUMENT COUNT: 47 FILED AS OF DATE: 20170928 DATE AS OF CHANGE: 20170928 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARC287BC CORP CENTRAL INDEX KEY: 0001642079 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS TRANSPORTATION EQUIPMENT [3790] IRS NUMBER: 472508196 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 1-A/A SEC ACT: 1933 Act SEC FILE NUMBER: 024-10611 FILM NUMBER: 171108195 BUSINESS ADDRESS: STREET 1: 232 UNION BLVD CITY: TOTOWA STATE: NJ ZIP: 07512 BUSINESS PHONE: 9735957775 MAIL ADDRESS: STREET 1: 232 UNION BLVD CITY: TOTOWA STATE: NJ ZIP: 07512 1-A/A 1 primary_doc.xml 1-A/A LIVE 0001642079 XXXXXXXX 024-10611 false false false ARC287BC CORP NJ 2015 0001642079 3990 47-2508196 1 1 232 UNION BLVD TOTOWA NJ 07512 973-595-7775 Wilson X Bezerra Other 177.00 0.00 0.00 0.00 177.00 0.00 20795.00 20795.00 -20618.00 177.00 0.00 0.00 0.00 0.00 0.00 0.00 PK Ramachandran 0 0 0 true true false Tier2 Audited Equity (common or preferred stock) N N N N N N 50000000 1.0000 0.00 0.00 0.00 0.00 0.00 false false AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA PR RI SC SD TN TX UT VT VA WA WV WI WY A0 A1 A2 A3 A4 A5 A6 A7 A8 A9 B0 Z4 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA PR RI SC SD TN TX UT VT VA WA WV WI WY A0 A1 A2 A3 A4 A5 A6 A7 A8 A9 B0 Z4 true PART II AND III 3 partIIandIII1000F.htm PARTIIANDIII

UNITED STATES

SECURITY AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

OFFERING CIRCULAR AMENDMENT

TIER II OFFERING

 

 
  ARC287BC CORPORATION  
(Exact name of issuer as specified in its charter)
 
Commission File Number: 024-10611
 
New Jersey   47-2508196

(State or other jurisdiction

of incorporation)

 

(IRS Employee

Identification No.)

 

Wilson Bezerra

Chief Executive Officer

232 Union Boulevard

Totowa, New Jersey, 07052

Telephone: 973-595-6494

Telephone: 973-595-7775

(Address, including zip code, and telephone number,

including area code, of registrant's principal executive offices)

 
Dated: September 28, 2017
 
 
         

 

Page 1 
 

 

 

PART II

OFFERING CIRCULAR AMENDMENT

TIER II

 

ARC287BC CORPORATION
 

 

Corporate

ARC287BC CORPORATION

232 Union Boulevard

Totowa, New Jersey, 07052

Telephone: 973-595-6494

Telephone: 973-595-7775

Arc287bc.com

wilson@bezerra.com



"OUR PATENTED TECHNOLOGY TO FREE AND SAVE MANKIN"

 

 

 

 

Best Efforts Offering : 50,000,000 Shares Commons Stock
Offering Price : $1.00 (One Dollar US) Per Share
Minimum Offering : None
Maximum Offering : $50,000,000
         

 

     

Underwriting

Discount or

Commission

 

Proceeds to

Issuer

 

Proceeds to

Other Persons

Per Share:  $1.00   $0.00   $1.00   N/A
Total:  $50,000,000    -----   $50,000,000   N/A
Minimum Total: (1)   0    -----    0   N/A
Maximum Total:  $50,000,000    -----   $50,000,000   N/A
                   
1There shall be no minimum amount invested before the Company shall have access to the proceeds.

 

The proposed sale will begin as soon as practicable after the Securities and Exchange Commission has qualified this Offering Circular. The Offering will close upon the earlier of (1) the sale of 50,000,000 shares of Common Stock, (2) October 1, 2018, or (3) a date prior October 1, 2018 that is so determined by the Company's Management (the "Offering Period").

 

Generally, no sale may be made to you in this Offering if the aggregate purchase price you pay is more than 10% of the greater of your annual income or net worth. Different rules apply to accredited investors and non-natural persons. Before making any representation that your investment does not exceed applicable thresholds, we encourage you to review Rule 251(d) (2) (i) (C) of Regulation A. For general information on investing, we encourage you to refer to www.investor.gov.

 

Dated: September 28 2017

Page 2 
 

 

AT THIS TIME,THERE IS NO PUBLIC MARKET FOR THE SECURITIES

 

THESE SECURITIES ARE OFFERED PURSUANT TO AN EXEMPTION FROM REGISTRATION WITH THE SECURITIES AND EXCHANGE COMMISSION; HOWEVER, THE COMMISSION HAS NOT MADE AN INDEPENDENT DETERMINATION THAT THE SECURITIES BEING OFFERED ARE EXEMPT FROM REGISTRATION. THE SECURITIES AND EXCHANGE COMMISSION DOES NOT PASS UPON THE MERITS OF OR GIVE ITS APPROVAL TO ANY SECURITIES OFFERED OR THE TERMS OF THE OFFERING, NOR DOES IT PASS UPON THE ACCURACY OR COMPLETENESS OF ANY OFFERING CIRCULAR OR OTHER SELLING LITERATURE.

 

THE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR APPLICABLE STATE SECURITIES LAWS, AND ARE BEING OFFERED AND SOLD IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THESE LAWS. THE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE REGULATORY AUTHORITY NOR HAS THE COMMISSION OR ANY STATE REGULATORY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THIS OFFERING CIRCULAR. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.

 

GENERALLY, NO SALE MAY BE MADE TO YOU IN THIS OFFERING IF THE AGGREGATE PURCHASE PRICE YOU PAY IS MORE THAN 10% OF THE GREATER OF YOUR ANNUAL INCOME OR NET WORTH. DIFFERENT RULES APPLY TO ACCREDITED INVESTORS AND NON-NATURAL PERSONS. BEFORE MAKING ANY REPRESENTATION THAT YOUR INVESTMENT DOES NOT EXCEED APPLICABLE THRESHOLDS, THE COMPANY ENCOURAGES YOU TO REVIEW RULE 251 (d)(2)(i)(C) OF REGULATION A. FOR GENERAL INFORMATION ON INVESTING, THE COMPANY ENCOURAGES YOU TO REFER TO WWW.INVESTOR.GOV

 

THE COMPANY IS FOLLOWING THE "OFFERING CIRCULAR" FORMATOF DISCLOSURE UNDER REGULATION A

 

AN OFFERING CIRCULAR PURSUANT TO REGULATION A RELATING TO THESE SECURITIES HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION. INFORMATION CONTAINED IN THIS PRELIMINARY OFFERING CIRCULAR IS SUBJECT TO COMPLETION OR AMENDMENT. THESE SECURITIES MAY NOT BE SOLD NOR MAY OFFERS TO BUY BE ACCEPTED BEFORE THE OFFERING CIRCULAR FILED WITH THE COMMISSION IS QUALIFIED. THIS PRELIMINARY OFFERING CIRCULAR SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR MAY THERE BE ANY SALES OF THESE SECURITIES IN ANY STATE IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL BEFORE REGISTRATION OR QUALIFICATION UNDER THE LAWS OF SUCH STATE. THE COMPANY MAY ELECT TO SATISFY ITS OBLIGATION TO DELIVER A FINAL OFFERING CIRCULAR BY SENDING YOU A NOTICE WITHIN TWO BUSINESS DAYS AFTER THE COMPLETION OF A SALE TO YOU THAT CONTAINS THE URL WHERE THE FINAL OFFERING CIRCULAR IN WHICH SUCH FINAL OFFERING CIRCULAR WAS FILED MAY BE OBTAINED.

 

THIS OFFERING CIRCULAR CONTAINS ALL THE REPRESENTATIONS BY THE COMPANY CONCERNING THIS OFFERING, AND NO PERSON SHALL MAKE DIFFERENT OR BROADER STATEMENTS THAN THOSE CONTAINED HEREIN. INVESTORS ARE CAUTIONED NOT TO RELY UPON ANY INFORMATION NOT EXPRESSLY SET FORTH IN THIS OFFERING CIRCULAR.

 

Page 3 
 

 

THE U.S. SECURITIES AND EXCHANGE COMMISSION DOES NOT PASS UPON THE MERITS OF ANY SECURITIES OFFERED OR THE TERMS OF THE OFFERING, NOR DOES IT PASS UPON THE ACCURACY OR COMPLETENESS OF ANY OFFERING CIRCULAR OR SELLING LITERATURE. THESE SECURITIES ARE OFFERED UNDER AN EXEMPTION FROM REGISTRATION; HOWEVER, THE COMMISSION HAS NOT MADE AN INDEPENDENT DETERMINATION THAT THESE SECURITIES ARE EXEMPT FROM REGISTRATION.

 

INVESTMENT IN SMALL BUSINESSES INVOLVES A HIGH DEGREE OF RISK, AND INVESTORS SHOULD NOT INVEST ANY FUNDS IN THIS OFFERING UNLESS THEY CAN AFFORD TO LOSE THEIR ENTIRE INVESTMENT. IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE ISSURER AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED.

 

NO PERSON HAS BEEN AUTHORIZED TO GIVE ANY INFORMATION OR TO MAKE ANY REPRESENTATIONS IN CONNECTION WITH THE OFFER MADE BY THIS OFFERING CIRCULAR, NOR HAS ANY PERSON BEEN AUTHORIZED TO GIVE ANY INFORMATION OR MAKE ANY REPRESENTATION OTHER THAN THOSE CONTAINED IN THIS OFFERING CIRCULAR, AND IF GIVEN OR MADE, SUCH INFORMATION OR REPRESENTATIONS MUST NOT BE RELIED UPON. THIS OFFERING CIRCULAR DOES NOT CONSTITUTE AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY IN ANY JURISDICTION IN WHICH SUCH OFFER OR SOLICIATION WOULD BE UNLAWFUL OR ANY PERSON TO WHO IT IS UNLAWFUL TO MAKE SUCH OFFER OR SOLICIATION. NEITHER THE DELIVERY OF THIS OFFERING CIRCULAR NOR ANY SALE MADE HEREUNDER SHALL, UNDER ANY CIRCUMSTANCES, CREATE AN IMPLICATION THAT THERE AS HAS BEEN NO CHANGE IN THE AFFAIRS OF OUR COMPANY SINCE THE DATE HEREOF.

 

THIS OFFERING CIRCULAR MAY NOT BE REPRODUCED IN WHOLE OR IN PART. THE USE OF THIS OFFERING CIRCULAR FOR ANY PURPOSE OHER THAN AN INVESTMENT IN SECURITIES DESCRIBED HEREIN IS NOT AUTHORIZED AND IS PROHIBITED. AN OFFERING CIRCULAR PURSUANT TO REGULATION A RELATING TO THESE SECURITIES HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION.

 

INFORMATION CONTAINED IN THE PRELIMINARY OFFERING CIRCULAR IS SUBJECT TO COMPLETION OR AMENDMENT. THESE SECURITIES MAY NOT BE SOLD NOR MAY OFFERS TO BUY BE ACCEPTED PRIOR TO THE TIME AN OFFERING CIRCULAR WHICH IS NOT DESIGNATED AS A PRELIMINARY OFFERING CIRCULAR IS DELIVERED AND THE OFFERING STATEMENT FILED WITH THE COMMISSION BECOMES QUALIFED. THIS PRELIMINARY OFFERING CIRCULAR SHALL NOT CONSTITUTE AND OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALES OF THESE SECURITIES IN ANY STATE IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE LAWS OF ANY SUCH STATE.

 

THE OFFERING PRICE OF THE SECURITIES IN WHICH THIS OFFERING CIRCULAR RELATES HAS BEEN DETERMINED BY THE COMPANY AND DOES NOT NECESSARILY BEAR ANY SPECIFIC RELATION TO THE ASSETS, BOOK VALUE OR POTENTIAL EARNINGS OF THE COMPANY OR ANY OTHER RECOGNIZED CRITERIA OF VALUE.

 

Page 4 
 

 

NASAA UNIFORM LEGEND:

 

IN MAKING AN INVESTMENT DECISION INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE ISSUER AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. THESE SECURITIES HAVE NOT BEEN RECOMMENDED BY THE FEDERAL OR STATE SECURITIES COMMISSION OR REGULATORY AUTHORITY. FURTHERMORE, THE FOREGOING AUTHORITIES HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY OF THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND THE APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. INVESTORS SHOULD BE AWARE THAT THEY WILL BE REQUIRED TO BEAR THE FINANCAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE TIME.

 

FOR ALL RESIDENTS OF ALL STATES:

 

THE SHARES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF CERTAIN STATES AND ARE BEING OFFERED AND SOLD IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF SAID ACT AND SUCH LAWS. THE INTERESTS ARE SUBJECT IN VARIOUS STATES TO RESTRICTION ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER SAID ACT AND SUCH LAWS PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. THE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION, ANY STATE SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON OR ENDORSED THE MERITS OF THIS OFFERING OR THE ACCURACY OR ADEQUACY OF THE OFFERING CIRCULAR. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.

 

Page 5 
 

 

ITEM 2: TABLE OF CONTENTS:

 

Item # Description Page
Item 3 Summary Information & Risk Factors 7
Item 4 Dilution 17
Item 5 Plan of Distribution and Selling Shareholders 18
Item 6 Use of Proceeds to the Issuer 19
Item 7 Description of Business 20
Item 8 Description of Intellectual Property 25
Item 9 Management's Discussion and Analysis of Financial Condition and Results of Operation 26
Item 10 Directors, Executive Officers, and Significant Employees 30
Item 11 Compensation of Directors and Executive Officers 33
Item 12 Security Ownership of Certain Beneficial Owners and Management 33
Item 13 Interest of Management and Others in Certain Transactions 34
Item 14 Intellectual Patent Purchase Agreement 34
Item 15 Securities Being Offered 35
Financial Financial Statements Section F

 

 

Page 6 
 

 

Item 3: Summary of Offering and Risk Factors

 

Summary of Offering

 

The following summary highlights selected information contained in this Offering Circular. This summary does not contain all the information that may be important to you. You should read the more detailed information contained in this Offering Circular, including, but not limited to, the risk factors beginning on page 5. References to "we," "us," "our," or the "company" shall mean ARC287BC

 

Our Company

 

Our ARC287BC CORPORATION is an American company dedicated to the invention and production of patented high quality Archimedes bicycles and other products like the Canoe and the Paddleboat; especially designed for the paraplegic and the quadriplegic individuals providing safety and freedom to all those that use our products. Our mission is to free all individuals including the physically challenged from bondage and enable them to live an enriching life.

 

This Offering

 

All dollar amounts refer to US dollars unless otherwise indicated.

 

Through this offering, we intend to register 50,000,000 (fifty million) shares for offering to the public, which represents additional common stock. We may endeavor to sell all 50,000,000 (fifty million) shares of common stock after this registration becomes effective. The price at which we offer these shares is fixed at $1.00 per share for the duration of the offering. There is no arrangement to address the possible effect of the offering on the price of the stock. We will receive all proceeds from the sale of the common stock

   
Securities being offered by the Company 50,000,000 (fifty million) shares of common stock, par value $0.0001 offered by us in a direct offering.
   
Offering price per share We are offering the 50,000,000 (fifty million) shares of our common stock at $1.00 (one dollar US).
   
Number of shares outstanding after the offering of common shares 200,000,000 (two hundred million) common shares will be issued and outstanding if we sell all of the shares we are offering.
   
The minimum number of shares to be sold in this offering None.
   
Market for the common shares There is no public market for the common shares at the price of $1.00 (one dollar US) per share.
   
  We may not be able to meet the requirement for a public listing or quotation of our common stock. Further, even if our common stock is quoted or granted listing, a market for the common shares may not develop.
   
  The offering price for the shares will remain $1.00 (one dollar US) per share for the duration of the offering.
 

Page 7 
 

 

 

   
Use of Proceeds

We will receive all proceeds from the sale of the common stock and intend to use the proceeds from this offering to execute the business and marketing plan, including, but not limited to purchasing and/or leasing production and editing equipment; acquiring the production facility to house our production equipment and infrastructure; attracting and retaining a high-level management team; partnering with developers of content; producing content.

 

   
Termination of the Offering This offering will terminate upon the earlier to occur of (i) October 1, 2018, or (ii) the date on which all 50,000,000 shares registered hereunder for sale to the public have been sold; or (3) a date prior to October 1, 2018 that is so determined by the Company's Management (the "Offering Period"). We may, at our discretion, extend the offering for an additional 180 days.
   
Terms of the Offering Our sole officer and director will sell the common stock upon effectiveness of this Offering Circular on a BEST EFFORTS basis.

 

Risk Factors

 

An investment in our shares involves a high degree of risk and many uncertainties. You should carefully consider the specific factors listed below, together with the cautionary statement that follows this section and the other information included in this Offering Circular, before purchasing our shares in this offering. If one or more of the possibilities described as risks below actually occur, our operating results and financial condition would likely suffer and the trading price, if any, of our shares could fall, causing you to lose some or all of your investment. The following is a description of what we consider the key challenges and material risks to our business and an investment in our securities.

 

Investing in the Company's Securities is very risky. You should be able to bear a complete loss of your investment. You should carefully consider the following factors, including those listed in this Securities Offering.

 

Since our sole officer and director currently own over 90% of the outstanding common stock, investors may find that his decisions are contrary to their interests. You should not purchase shares unless you are willing to entrust all aspects of management to our sole officer and director, or his successors.

 

Our sole officer and director, Mr. Bezerra, owns 150,000,000 (one hundred fifty million) shares of common stock representing 75% of our outstanding stock. As a result, he will have control of the Company even if the full offering is subscribed for and be able to choose all our directors. His interests may differ from the ones of other stockholders. Factors that could cause his interests to differ from the other stockholders include the impact of corporate transactions on the timing of business operations and his ability to continue to manage the business given the amount of time he is able to devote to us

 

Mr. Bezerra shall exclusively make all decisions regarding the management of our affairs. Purchasers of the offered shares may not participate in our management and, therefore, are dependent upon his management abilities. The only assurance that our shareholders, including purchasers of the offered shares, have that our sole officer and director will not abuse his discretion in executing our business affairs, as his fiduciary obligation and business integrity.

 

Page 8 
 

 

Such discretionary powers include, but are not limited to, decisions regarding all aspects of business operations, corporate transactions and financing. Mr. Bezerra also has the ability to accomplish or ratify actions at the shareholder level, which would otherwise implicate his fiduciary duties if done as one of the members of our board of directors.

 

Accordingly, no person should purchase the offered shares unless willing to entrust all aspects of management to the sole officer and director, or his successors. Potential purchasers of the offered shares must carefully evaluate the personal experience and business performance of our management.

 

Investing in the Company's Securities is very risky. You should be able to bear a complete loss of your investment. You should carefully consider the following factors, including those listed in this Securities Offering.

 

Risks Related to Our Business

 

This offering is being conducted by our sole officer and director, Wilson Bezerra, without the benefit of an underwriter, who could have confirmed the accuracy of the disclosures in our prospectus

 

We have self-underwritten our offering on a "best efforts" basis, which means: No underwriter has engaged in any due diligence activities to confirm the accuracy of the disclosure in the prospectus or to provide input as to the offering price; our officers and directors will attempt to sell the shares and there can be no assurance that all of the shares offered under the prospectus will be sold or that the proceeds raised from the offering, if any, will be sufficient to cover the costs of the offering; and there is no assurance that we can raise the intended offering amount.

 

We are not currently profitable and may not become profitable.

 

We have incurred substantial operating losses since our formation and expect to incur substantial losses in the foreseeable future. We also expect to experience negative cash flow for the foreseeable future as we fund our operating losses and capital expenditures. There is substantial doubt as to our ability to continue as a going concern.

 

We have incurred substantial operating losses since our formation and expect to incur substantial losses in the foreseeable future. We also expect to experience negative cash flow for the foreseeable future as we fund our operating losses and capital expenditures. There is substantial doubt as to our ability to continue as a going concern. As a result, we will need to generate significant revenues in order to achieve and maintain profitability. We may not be able to generate these revenues or achieve profitability in the future. Our failure to achieve or maintain profitability could negatively impact the value of our business.

 

We are dependent upon the proceeds of this offering to fund our business. If we do not sell enough shares in this offering to continue operations, this could have a negative effect on the value of the common stock.

 

In order to continue operating through 2017 and 2018, and achieve the milestones that we anticipate, we must raise approximately $50,000,000.00 in gross proceeds from this offering.

 

We have approximately $6,500.00 in offering costs associated with this financing, all being paid for by our sole director, officer and majority shareholder Wilson Bezerra as additional paid-in capital, and we do not intend to reimburse Mr. Bezerra for these costs from the proceeds of this offering.

 

Unless we begin to generate sufficient revenues to finance operations as a going concern, we may experience liquidity and solvency problems. Such liquidity and solvency problems may force us to cease operations if additional financing is not available.

 

Page 9 
 

 

Also, as a public company, we will incur professional and other fees in connection with our quarterly and annual reports and other periodic filings with the SEC. Such costs can be substantial and we must generate enough revenue or raise money from offerings of securities or loans in order to meet these costs and our SEC filing requirements. We are offering our securities to the public; however, there is no guarantee that we will be able to sell the securities. And even if we sell the securities, there is no guarantee that the proceeds will be sufficient to fund our planned operations.

 

Our minimal operating history gives no assurances that our future operations will result in profitable revenues, which could result in the suspension or end of our operations.

 

We were incorporated on January 1, 2015 and we have realized no revenue. We have a limited operating history upon which an evaluation of our future success or failure can be made. Our ability to achieve and maintain profitability and positive cash flow is dependent upon the completion of this offering and our ability to generate revenues through sales of our intended service.

 

There is substantial doubt as to our ability to continue as a going concern. We have incurred significant operating losses since our formation and expect to incur significant losses in the foreseeable future. We also expect to experience negative cash flow for the foreseeable future as we fund our operating losses and capital expenditures. As a result, we will need to generate significant revenues in order to achieve and maintain profitability. We may not be able to generate these revenues or achieve profitability in the future. Our failure to achieve or maintain profitability could negatively impact the value of our business and may cause us to go out of business.

 

Because we have not partnered with any company, our business may not come to fruition.

 

We have not yet partnered with any company. Our success as a company may be dependent on partnership with other companies. We need to partner with companies that will push our systems into their production train. If we are unable to effectively partner with companies, we may have to cease our operations, resulting in the complete loss of investment.

 

We are a new company with a limited operating history and we face a high risk of business failure that could result in the loss of your investment.

 

Even though we have two prototypes and other products; the Canoe and the Paddle Boat, being designed for the paraplegics and quadriplegics, we are a development stage company formed recently to carry out the activities described in this prospectus and thus have only a limited operating history upon which an evaluation of its offering circular can be made. We were incorporated on January 1, 2015 and to date have been involved primarily in promoting the Company, establishing and nurturing business relationships, and the development of our business plan. We have limited business operations, thus, there is no internal or industry-based historical financial data upon which to estimate our planned operating expenses.

 

We expect that our results of operations may also fluctuate significantly in the future as a result of a variety of market factors including, among others, the entry of new competitors offering a similar business; the availability of motivated and qualified personnel; the initiation, renewal or expiration of our customer base; specific and general economic conditions in the ARC287BC company. Accordingly, our future sales and operating results are difficult to forecast.

 

As of the date of this Offering Circular, we have earned limited revenue. Failure to generate revenue in the future will cause us to go out of business, which could result in the complete loss of your investment.

 

Page 10 
 

 

Our bicycle products and partnering may not find acceptance with the public

 

We are a new company with limited established visibility or recognition in the bicycle community. If we are not able to have our bicycles and other products accepted by the marketplace, we may not be able to generate revenues and our business plan may fail.

 

Intellectual patent purchase agreement risk factor

 

The Intellectual Property purchased from Wilson X. Bezerra may not be accepted by the public. On July 17, 2017, the company entered into an Patent Purchase Agreement with Wilson X. Bezerra to purchase the Patent Rights, which will be assigned to ARC287BC Corporation. If the Company is unable to pay the purchase price to Mr. Wilson X. Bezerra, and Mr. Bezerra decides to exercise his rights under the Patent Purchase Agreement to re-take possession of the Intellectual Propety, the Company would lose one of its most valuable assets, and one of its most valuable sources of revenue, which could negatively affect the Company's profitability, and, therefore, the value of the Company's stock.

 

Our operating results may prove unpredictable, which could negatively affect our profit

 

We are a new company with limited established visibility or recognition in the video entertainment community. If we are not able to have our content and production facility accepted by the marketplace, we may not be able to generate revenues and our business plan may fail.

 

Our operating results may prove unpredictable, which could negatively affect our profit.

 

Our operating results are likely to fluctuate significantly in the future due to a variety of factors, many of which we have no control. Factors that may cause our operating results to fluctuate significantly include: our inability to generate enough working capital from sales of bicycles; the level of commercial acceptance of our bicycles; fluctuations in the demand for our products; the amount and timing of operating costs and capital expenditures relating to the expansion of our business, operations and infrastructure and general economic conditions

 

If realized, any of these risks could have a material adverse effect on our business, financial condition and operating results.

 

If we are unable to gain any significant market acceptance for our product, or establish a significant market presence, we may be unable to generate sufficient revenue to continue our business.

 

Our growth strategy is substantially dependent upon our ability to successfully partner with companies, sell our products and gain the acceptance of the general public. However, our planned business model may not achieve significant acceptance. Such acceptance, if achieved, may not be sustained for any significant period of time. Failure of align ourselves with partners or the general public does not accept us or we do not make any sales to achieve or sustain a market acceptance could have a material adverse effect on our business, financial conditions and the results of our operations.

 

As of the date of this Offering Circular, we have earned no revenue. Failure to generate revenue in the future will cause us to go out of business, which could result in the complete loss of your investment.

 

Adverse developments in the global economy restricting the credit markets may materially and negatively impact our business

 

The recent downturn in the world's major economies and the constraints in the credit markets have heightened or could continue to heighten a number of material risks to our business, cash flows and financial condition, as well as our future prospects. Continued issues involving liquidity and capital adequacy affecting lenders could affect our ability to access credit facilities or obtain debt financing and could affect the ability of lenders to meet their funding requirements when we need to borrow. Further, in the uncertain event that a public market for our stock develops, the volatility in the equity markets may make it difficult in the future for us to access the equity markets for additional capital at attractive prices, if at all. The current credit crisis in other countries, for example, and concerns over debt levels of certain other European Union member states, has increased volatility in global credit and equity markets. If we are unable to obtain credit or access capital markets, our business could be negatively impacted. For example, we may be unable from this offering).

 

Page 11 
 

 

Our products as well as our partnering may not find acceptance with the public.

 

We are a new company with no established visibility or recognition in the bicycle community. If we are not able to have our products accepted by the marketplace, we may not be able to generate revenues and our business plan may fail.

 

Our operating results may prove unpredictable, which could negatively affect our profit

 

Our operating results are likely to fluctuate significantly in the future due to a variety of factors, many of which we have no control. Factors that may cause our operating results to fluctuate significantly include: our partner's inability to generate an efficient production, sales, and distribution process.

 

If realized, any of these risks could have a material adverse effect on our business, financial condition and operating results.

 

Key management personnel may leave the Company, which could adversely affect the ability of the Company to continue operations.

 

Because we are entirely dependent on the efforts of our sole officer and director, his departure or the loss of other key personnel in the future, could have a material adverse effect on the business. We believe that all commercially reasonable efforts have been made to minimize the risks attendant with the departure by key personnel from service.

 

However, there is no guarantee that replacement personnel, if any, will help the Company to operate profitably. We do not maintain key-person life insurance on our sole officer and director.

 

If our Company is dissolved, it is unlikely that there will be sufficient assets remaining to distribute to our shareholders.

 

In the event of the dissolution of our company, the proceeds realized from the liquidation of our assets, if any, will be used primarily to pay the claims of our creditors, if any, before there can be any distribution to the shareholders. In that case, the ability of purchasers of the offered shares to recover all or any portion of the purchase price for the offered shares will depend on the amount of funds realized and the claims to be satisfied there from.

 

If we are unable to gain any significant market acceptance for our service, or establish a significant market presence, we may be unable to generate sufficient revenue to continue our business.

 

Our growth strategy is substantially dependent upon our ability to partner with companies who understand and want to be part of our mission and vision. However, our planned business model may not achieve significant acceptance. Such acceptance, if achieved, may not be sustained for any significant period of time. Failure of our Product to achieve or sustain market acceptance could have a material adverse effect on our business, financial conditions and the results of our operations.

 

Management's ability to implement the business strategy may be slower than expected and we may be unable to generate a profit.

 

Our plans to generate profits and make our company grow can be affected because of our poor management and lack of communication between the three participants in the process; CEO, Sales force, and the Companies.

 

Our growth strategy is subject to significant risks, which you should carefully consider before purchasing the shares we are offering.

 

Although we plan on promoting our Products carefully, it may be slow to achieve profitability, or may not become profitable at all, which will result in losses. There can be no assurance that we will succeed.

 

We may be unable to enter into its intended markets successfully. The factors that could affect our growth strategy include our success in (a) developing the ARC287BC business plan, (b) developing our Partnering; (c) obtaining customers and viewers, (d) obtaining adequate financing on acceptable terms, and (e) adapting our internal controls and operating procedures to accommodate our future growth.

 

Our systems, procedures and controls may not be adequate to support the expansion of our business operations. Significant growth will place managerial demands on all aspects of our operations. Our future operating results will depend substantially upon our ability to manage changing business conditions and to implement and improve our creative, technical, administrative and financial controls and reporting systems.

 

If we are unable to manage our future growth, our business could be harmed and we may not become profitable..

 

Significant growth may place a significant strain on management, financial, operating and technical resources. Failure to manage growth effectively could have a material adverse effect on the Company's financial condition or the results of its operations.

 

Since inception on January 1, 2015, our sole officer, director, and majority shareholder Wilson X. Bezerra has paid all of our start-up costs. We have generated no revenue from business operations.

 

Our management team consists of a small group of people and may not be sufficient to successfully operate our business..

 

We have not assembled our management team as a result of our relatively limited activities to date. In addition, we have only a few members, which may be insufficient to run our operation. As a result, we may be unable to effectively develop and manage our business and we may fail.

 

 

Page 12 
 

 

Risks Related to Our Financial Condition

 

The enactment of the Sarbanes-Oxley Act makes it more difficult for us to retain or attract officers and directors, which could increase our operating costs or prevent us from becoming profitable.

 

The Sarbanes-Oxley Act of 2002 (the "Sarbanes-Oxley Act") was enacted in response to public concern regarding corporate accountability in the wake of a number of accounting scandals. The stated goals of the Sarbanes-Oxley Act are to increase corporate responsibility, provide enhanced penalties for accounting and auditing improprieties at publicly traded companies and protect investors by improving the accuracy and reliability of corporate disclosure pursuant to applicable securities laws. The Sarbanes-Oxley Act applies to all companies that file or are required to file periodic reports with the SEC under the Securities Exchange Act of 1934 (the "Exchange Act").

 

We intend to register all shares sold through this offering. Upon becoming a public company, we will be required to comply with the Sarbanes-Oxley Act. Since the enactment of the Sarbanes-Oxley Act has resulted in the imposition of a series of rules and regulations by the SEC that increase the responsibilities and liabilities of directors and executive officer, the perceived increased personal risk associated with these changes may deter qualified individuals from accepting such roles. Consequently, it may be more difficult for us to attract and retain qualified persons to serve as our directors or executive officer, and we may need to incur additional operating costs. This could prevent us from becoming profitable.

 

Since we anticipate operating expenses will increase prior to earning revenue, we may never achieve profitability.

 

We anticipate an increase in our operating expenses, without realizing any revenues from the sale of its service. Within the next 18 months, we will have costs related to (i) developing Arc287bc prototypes, (ii) constructing a production facility; (iii) initiation of our marketing and promotional campaign, (iv) administrative expenses, and (v) the expenses of this offerin

 

There is no history upon which to base any assumption as to the likelihood that we will prove successful. We cannot provide investors with any assurance that our Products will attract partners; generate any operating revenue or ever achieve profitable operations. If we are unable to address these risks, there is a high probability that our business can fail, which will result in the loss of your entire investment.

 

If our Offering Circular is declared effective, we will be subject to the SEC's reporting requirements and we currently do not have sufficient capital to maintain this reporting with the SEC.

 

We intend to register all shares sold though this offering. If our Offering Circular is declared effective, we will have a reporting obligation to the SEC. As of the date of this Offering Circular, the funds currently available to us will not be sufficient to meet our reporting obligations. If we fail to meet our reporting obligations, we will lose our reporting status with the SEC. Our management believes that if we cannot maintain our reporting status with the SEC we will have to cease all efforts directed towards developing our company. In that event, any investment in the company could be lost in its entirety.

 

Risks Related to This Offering

 

Because there is no public trading market for our common stock, you may not be able to resell your shares.

 

We intend to register all shares sold though this offering. We intend to apply to have our common stock quoted on the OTC Bulletin Board or like service. This process takes at least 60 days and the application must be made on our behalf by a market maker. Our stock may be listed or traded only to the extent that there is interest by broker-dealers in acting as a market maker. Despite our best efforts, it may not be able to convince any broker/dealers to act as market-makers and make quotations on the OTC Bulletin Board or like service. We may consider pursuing a listing on the OTCBB or like service after this registration becomes effective and we have completed our offering.

 

Page 13 
 

 

If our common stock becomes listed and a market for the stock develops, the actual price of our shares will be determined by prevailing market prices at the time of the sale.

 

We cannot assure you that there will be a market in the future for our common stock. The trading of securities on the OTC Bulletin Board or like service is often sporadic and investors may have difficulty buying and selling our shares or obtaining market quotations for them, which may have a negative effect on the market price of our common stock. You may not be able to sell your shares at their purchase price or at any price at all. Accordingly, you may have difficulty reselling any shares you purchase from the selling security holders.

 

Investing in our company is highly speculative and could result in the entire loss of your investment.

 

Purchasing the offered shares is highly speculative and involves significant risk. The offered shares should not be purchased by any person who cannot afford to lose their entire investment. Our business objectives are also speculative, and it is possible that we would be unable to accomplish them. Our shareholders may be unable to realize a substantial or any return on their purchase of the offered shares and may lose their entire investment. For this reason, each prospective purchaser of the offered shares should read this prospectus and all its exhibits carefully and consult with their attorney, business and/or investment advisor.

 

Investing in our company may result in an immediate loss because buyers will pay more for our common stock than what the pro rata portion of the assets are worth.

 

We have only been recently formed and have only a limited operating history with limited earnings; therefore, the price of the offered shares is not based on any data. The offering price and other terms and conditions regarding our shares have been arbitrarily determined and do not bear any relationship to assets, earnings, book value or any other objective criteria of value. No investment banker, appraiser or other independent third party has been consulted concerning the offering price for the shares or the fairness of the offering price used for the shares.

 

The arbitrary offering price of $1.00 per share as determined herein is substantially higher than the net tangible book value per share of our common stock. Our assets do not substantiate a share price of $1.00. This premium in share price applies to the terms of this offering. The offering price will not change for the duration of the offering even if we obtain a listing on any exchange or become quoted on the OTC Bulletin Board.

 

We have 1,000,000,000 authorized shares, of which only 200,000,000 (two hundred million) shares will be issued and outstanding after this offering terminates. Our management could, with the consent of the existing shareholders, issue substantially more shares, causing a large dilution in the equity position of our current shareholders

 

As we do not have an escrow or trust account with the subscriptions for investors, if we file for or are forced into bankruptcy protection, investors will lose their entire investment.

 

Invested funds for this offering will not be placed in an escrow or trust account and if we file for bankruptcy protection or a petition for involuntary bankruptcy is filed by creditors against us, your funds will become part of the bankruptcy estate and administered according to the bankruptcy laws. As such, you will lose your investment and your funds will be used to pay creditors.

 

Page 14 
 

 

We do not anticipate paying dividends in the foreseeable future, so there will be less ways in which you can make a gain on any investment in us.

 

We have never paid dividends and do not intend to pay any dividends for the foreseeable future. To the extent that we may require additional funding currently not provided for in our financing plan, our funding sources may prohibit the declaration of dividends. Because we do not intend to pay dividends, any gain on your investment will need to result from an appreciation in the price of our common stock. There will therefore be fewer ways in which you are able to make a gain on your investment.

 

In the event that our shares are traded, they may trade under $5.00 per share, and thus will be considered a penny stock. Trading penny stocks has many restrictions and these restrictions could severely affect the price and liquidity of our shares.

 

In the event that our shares are traded, and our stock trades below $5.00 per share, our stock would be known as a "penny stock", which is subject to various regulations involving disclosures to be given to you prior to the purchase of any penny stock. The U.S. Securities and Exchange Commission (the "SEC") has adopted regulations which generally define a "penny stock" to be any equity security that has a market price of less than $5.00 per share, subject to certain exceptions. Depending on market fluctuations, our common stock could be considered to be a "penny stock". A penny stock is subject to rules that impose additional sales practice requirements on broker/dealers who sell these securities to persons other than established customers and accredited investors. For transactions covered by these rules, the broker/dealer must make a special suitability determination for the purchase of these securities. In addition, he must receive the purchaser's written consent to the transaction prior to the purchase. He must also provide certain written disclosures to the purchaser. Consequently, the "penny stock" rules may restrict the ability of broker/dealers to sell our securities, and may negatively affect the ability of holders of shares of our common stock to resell them. These disclosures require you to acknowledge that you understand the risks associated with buying penny stocks and that you can absorb the loss of your entire investment. Penny stocks are low priced securities that do not have a very high trading volume. Consequently, the price of the stock is often volatile and you may not be able to buy or sell the stock when you want to.

 

You may face significant restriction on the resale of your shares due to state "Blue Sky" laws.

 

Each state has its own securities laws, often called "blue sky" laws, which (1) limit sales of securities to a state's residents unless the securities are registered in that state or qualify for an exemption from registration, and (2) govern the reporting requirements for broker-dealers doing business directly or indirectly in the state. Before a security is sold in a state, there must be a registration in place to cover the transaction, or it must be exempt from registration. The applicable broker-dealer must also be registered in that state.

 

 

Page 15 
 

 

We do not know whether our securities will be registered or exempt from registration under the laws of any state. A determination regarding registration will be made by those broker-dealers, if any, who agree to serve as market makers for our common stock. We have not yet applied to have our securities registered in any state and will not do so until we receive expressions of interest from investors resident in specific states after they have viewed this Prospectus. We will initially focus our offering in the state of New Jersey and will rely on exemptions found under New Jersey Law. There may be significant state blue sky law restrictions on the ability of investors to sell, and on purchasers to buy, our securities. You should therefore consider the resale market for our common stock to be limited, as you may be unable to resell your shares without the significant expense of state registration or qualification

 

We may incur substantial costs as a result of litigation or other proceedings relating to patent and other intellectual property rights.

 

A third party may sue us or one of our strategic collaborators for infringing its intellectual property rights. Likewise, we may need to resort to litigation to enforce licensed rights or to determine the scope and validity of third-party intellectual property rights.

 

The cost to us of any litigation or other proceeding relating to intellectual property rights, even if resolved in our favor, could be substantial, and the litigation would divert our efforts. Some of our competitors may be able to sustain the costs of complex patent litigation more effectively than we can because they have substantially greater resources. If we do not prevail in this type of litigation, we or our strategic collaborators may be required to pay monetary damages; stop commercial activities relating to the affected products or services; obtain a license in order to continue manufacturing or marketing the affected products or services; or attempt to compete in the market with a substantially similar product.

 

Uncertainties resulting from the initiation and continuation of any litigation could limit our ability to continue some of our operations. In addition, a court may require that we pay expenses or damages, and litigation could disrupt our commercial activities.

 

Any inability to protect our intellectual property rights could reduce the value of our technologies and brand, which could adversely affect our financial condition, results of operations and business.

 

Our business is dependent upon our patents, trademarks, trade secrets, copyrights and other intellectual property rights. Effective intellectual property rights protection, however, may not be available under the laws of every country in which we and our sub-licensees may operate. There is a risk of certain valuable trade secrets, beyond what is described publicly in patents, being exposed to potential infringers. Regardless of the Company's technology being protected by patents or otherwise, there is a risk that other companies may employ the technology without authorization and without recompensing us.

 

The efforts we have taken to protect our proprietary rights may not be sufficient or effective. Any significant impairment of our intellectual property rights could harm our business or our ability to compete. In addition, protecting our intellectual property rights is costly and time consuming. There is a risk that we may have insufficient resources to counter adequately such infringements through negotiation or the use of legal remedies. It may not be practicable or cost effective for us to fully protect our intellectual property rights in some countries or jurisdictions. If we are unable to successfully identify and stop unauthorized use of our intellectual property, we could lose potential revenue and experience increased operational and enforcement costs, which could adversely affect our financial condition, results of operations and business.

 

The intellectual property behind our technology may include unpublished know-how as well as existing and pending patent protection. All patent protection eventually expires, and unpublished know-how is dependent on key individuals.

 

The commercialization of our technology is partially dependent upon know-how and trade secrets held by certain individuals working with and for us. Because the expertise runs deep in these few individuals, if something were to happen to any or all of them, the ability to properly operate our technologies without compromising quality and performance could be diminished greatly.

 

Knowledge published in the form of patents has finite protection, as all patents have a limited life and an expiration date. While continuous efforts will be made to apply for additional patents if appropriate, there is no guarantee that additional patents will be granted.

 

We expect to be in the future, a party to patent lawsuits and other intellectual property rights claims that are expensive and time consuming, and, if resolved adversely, could have a significant impact on our business, financial condition, or results of operations.

 

Companies in the bicycle industry own large numbers of patents, copyrights, trademarks, and trade secrets, and frequently enter into litigation based on allegations of infringement, misappropriation, or other violations of intellectual property or other rights. In addition, various "non-practicing entities" that own patents and other intellectual property rights often attempt to aggressively assert their rights in order to extract value from technology companies. Defending patent and other intellectual property claims is costly and can impose a significant burden on management and employees, we may receive unfavorable preliminary or interim rulings in the course of litigation, and there can be no assurances that favorable final outcomes will be obtained in all cases. We may decide to settle such lawsuits and disputes on terms that are unfavorable to us. Similarly, if any litigation to which we are a party is resolved adversely, we may be subject to an unfavorable judgment that may not be reversed upon appeal. The terms of such a settlement or judgment may require us to cease some or all of our operations or pay substantial amounts to the other party. In addition, we may have to seek a license to continue practices found to be in violation of a third party's rights, which may not be available on reasonable terms, or at all, and may significantly increase our operating costs and expenses. As a result, we may also be required to develop alternative non-infringing technology or practices or discontinue the practices. The development of alternative non-infringing technology or practices could require significant effort and expense or may not be feasible. Our business, financial condition, or results of operations could be adversely affected as a result.

 

Our potential for rapid growth and our entry into new markets make it difficult for us to evaluate our current and future business prospects, and we may be unable to effectively manage any growth associated with these new markets, which may increase the risk of your investment and could harm our business, financial condition, results of operations and cash flow.

 

Our entry into the rapidly growing bicycle market may place a significant strain on our resources and increase demands on our executive management, personnel and systems, and our operational, administrative and financial resources may be inadequate. We may also not be able to effectively manage any expanded operations, or achieve planned growth on a timely or profitable basis, particularly if the number of customers using our technology significantly increases or their demands and needs change as our business expands. If we are unable to manage expanded operations effectively, we may experience operating inefficiencies, the quality of our products and services could deteriorate, and our business and results of operations could be materially adversely affected.

 

If we are unable to keep up with rapid technological changes, our processes, products or services may become obsolete.

 

The market for our technologies is characterized by significant and rapid change. Although we will continue to expand our technological capabilities in order to remain competitive. Research and discoveries by others may make our processes, products or services less attractive or even obsolete.

 

Competition could adversely affect our business.

 

Our industry in general is competitive. It is possible that future competitors could enter our market, thereby causing us to move market share and revenues. Further, we are aware of several competitors, each with more resources and market share than us. In addition, some of our current or future competitors may have significantly greater financial, technical, marketing and other resources than we do. They may also have more experience or advantages in the markets in which we will compete that will allow them to offer lower prices or higher quality technologies, products or services. If we do not successfully compete with these providers, we could fail to develop market share and our future business prospects could be adversely be affected.

 

If we are unable to develop and maintain our brand and reputation for our product offerings, our business and prospects could be materially harmed.

 

Our business and prospects depend, in part, on developing, maintaining and strengthening our brand and reputation in the markets we serve. If problems with our technologies cause end users to experience operational disruption or failure or delays in the delivery of their products and services to their customers, our brand and reputation could be diminished. If we fail to develop, promote and maintain our brand and reputation successfully, our business and prospects could be materially harmed.

 

We are subject to government regulation, and unfavorable changes could substantially harm our business and results of operations.

 

We are subject to general business regulations and laws as well as Federal and state regulations and laws, specifically governing our industries.

 

 

Page 16 
 

 


Item 4: Dilution

 

The price of the current offering is fixed at $1.00 per share.

 

An early-stage company typically sells its shares (or grants options over its shares) to its founders and early employees at a very low cash cost, because they are, in effect, putting their "sweat equity" into the company. When the company seeks cash from outside investors, the new investors typically pay a much larger sum for their shares than the founders or earlier investors, which means that the cash value of the new investors stake is diluted because each share of the same type is worth the same amount, and the new investor has paid more for the shares than earlier investors did for theirs.

 

Dilution represents the difference between the offering price and the net tangible book value per share immediately after completion of this offering. Net tangible book value is the amount that results from subtracting total liabilities and intangible assets from total assets. Dilution arises mainly as a result of our arbitrary determination of the offering price of the shares being offered. Dilution of the value of the shares you purchase is also a result of the lower book value of the shares held by our existing stockholders.

 

DILUTION TABLE

 

Average Price Per Share
                
   Shares Issued  Total Consideration   
   Number of Shares  Percent  Amount  Percent  Average Price per Share
Founders   150,000,000    75.00%  $0.00    0.000%  $0.00 
New Investors   50,000,000    25.00%  $50,000,000.00    100.00%  $1.00 
TOTAL   200,000,000    100.00%  $50,000,000.00    100.00%  $0.25 
                          

 

Dilution Per Share

 

   If 25% of  If 50% of  If 100% of
   Shares Sold  Shares Sold  Shares Sold
Price Per Share of this Offering  $1.00   $1.00   $1.00 
Book Value Per Share Before Offering  $0.00   $0.00   $0.00 
Book Value Per Share After Offering  $0.08   $0.14   $0.25 
Increase in Book Value Per Share  $0.08   $0.14   $0.25 
Dilution Per Share to New Investors  $0.92   $0.86   $0.75 
Dilution Per Share by Percentage   92.32%   85.73%   75.01%
 

Page 17 
 

 

Item 5: Plan of Distribution and Selling Shareholders

 

Plan of Distribution

 

We are offering the shares on a "self-underwritten" basis directly to shareholders through Wilson Bezerra, our Sole Officer and Director named herein. Mr. Bezerra will not receive any commissions or other remuneration of any kind in connection with his participation in this offering based either directly or indirectly on transactions in securities.

 

This offering is a self-underwritten offering, which means that it does not involve the participation of an underwriter to market, distribute or sell the shares offered under this prospectus. We will receive all the proceeds from such sales of securities and are bearing all expenses in connection with the registration of our shares. This offering will terminate upon the earlier to occur of (i) October 1, 2018 (ii) the date on which all 50,000,000 shares offered to the public registered hereunder have been sold; or (iii) a date prior to October 1, 2018 that is so determined by the Company's Management (the "Offering Period").

 

Mr. Wilson Bezerra will not register as a broker-dealer pursuant to Section 15 of the Securities Exchange Act of 1934, in reliance upon Rule 3a 4-1, which sets forth those conditions under which a person associated with an issuer may participate in the offering of the issuer's securities and not be deemed to be a broker-dealer.

 

  1. Mr. Bezerra is not subject to a statutory disqualification, as that term is defined in Section 3(a) (39) of the Act, at the time of his participation.
     
  2. Mr. Bezerra will not be compensated in connection with his participation by the payment of commissions or other remuneration based either directly or indirectly on transactions in securities;
     
  3. Mr. Bezerra is not, nor will he be at the time of participation in the offering, an associated person of a broker-dealer; and
     
  4. Mr. Bezerra meets the conditions of paragraph (a)(4)(ii) of Rule 3a4-1 of the Exchange Act, in that he (A) primarily performs, or is intended primarily to perform at the end of the offering, substantial duties for or on behalf of our company, other than in connection with transactions in securities; and (B) is not a broker or dealer, or been an associated person of a broker or dealer, within the preceding twelve months; and (C) has not participated in selling and offering securities for any issuer more than once every twelve months other than in reliance on Paragraphs (a)(4)(i) or (a)(4)(iii).

 

If applicable, the shares may not be offered or sold in certain jurisdictions unless they are registered or otherwise comply with the applicable securities laws of such jurisdictions by exemption, qualification or otherwise. We intend to sell the shares only in the states in which this offering has been qualified or an exemption from the registration requirements is available, and purchases of shares may be made only in those states.

 

In addition, and without limiting the foregoing, we will be subject to applicable provisions, rules and regulations under the Exchange Act with regard to security transactions during the time when this Offering Circular is effective.

 

We will not use public solicitation or general advertising in connection with the offering until authorized to do so. The shares will be offered at a fixed price of $1.00 per share for the duration of the offering. There is no minimum number of shares required sold to close the offering.

 

Our transfer agent is: Securities Transfer Corporation, 2591 Dallas Parkway, Suite 102, Frisco, Texas 75034, (469) 541-0338; fax 469-633-0088.

 

Selling Shareholders

 

There shall be no selling shareholders in this offering

 

Total Shares Offered: 50,000,000
Proceeds from offering: $50,000,000.

 

Page 18 
 

 

Item 6: Use of Proceeds

 

Application of Proceeds 25% OF Proceeds % of Total 50% of maximum % of total 100% of maximum % of total
Total Offering Proceeds 12,500,000.00 100% 25,000,000.00 100% 50,000,000.00 100%
Offering Expenses
Legal & Professional Fees 5,000.00 0.04% 5,000.00 0.02% 12,775.10 0.03%
Accounting Fees 7,200.00 0.06% 7,200.00 0.03% 18,367.35 0.04%
Admin Fees 1,500.00 0.01% 1,500.00 0.01% 3,826.53 0.01%
Total Offering Expenses 13,700.00 0.11% 13,700.00 0.05 34,948.98 0.07%
Net Proceeds from Offering 12,486,300.00 99.89% 24,986,300.00 99.95% 49,965,051.02 99.93%
Use of Net Proceeds
Accounting Fees 25,510.20 0.20% 127,551.02 0.51% 382,653.06 0.77%
Legal and Professional Fees 127,551.02 1.02% 408,163.27 1.63% 408,163.27 0.82%
Computing and IT 45,000.00 0.36% 255,102.04 1.02% 637,755.10 1.28%
Marketing and Sales 5,197,959.18 41.58% 1,530,612.24 6.12% 14,932,908.16 29.87%
Intellect Property 637,755.00 5.10% 5,775,510.18 23.10% 6,377,551.02 12.76%
Working Capital 6,466,224.59 51.73% 16,903,061.24 67.61% 27,260,969.41 54.52%
Total Use of Net Proceeds 12,500,000.00 100% 25,000,000.00 100% 50,000,000.00 100%


 

Page 19 
 

 

Item 7: Description of Business

 

ARC287BC (ARC) Corporation is a Totowa, NJ-based start-up research & development firm formed in January of 2015. Our company specializes in human-powered vehicles such as bikes, trikes, canoes, three-wheelers, and paddle boats. Our team developed and patented a unique technology we call the "The Motion Transfer Mechanism." This technology uses linear motion to smoothly drive our vehicle's movement.

 

The experts on our team have a combined experience of over 75 years in several areas of sound business practice including accounting, research and development, and project management. As a start-up, our team's primary focus is on both the quality of our designs and developing newer technologies. We strive to make our products superior to those of our competition and our team is committed to working to continuously achieve this goal.

 

Tests show that our "Motion Transfer Mechanism" produces a 3 to 1 advantage over the rotary crank used in conventional human-powered vehicles. It also reduces or eliminates frame and fork failure. In fact, the ergonomic advantage of our "Motion Transfer Mechanism" may render the rotary crank obsolete.

 

At present, we have produced two different stepper bicycle prototypes. They are both ready for production. One design works with a spring while the other design uses a pulley. Both prototypes are suitable for use by the public. The spring model also works well for people who may be missing a limb. We currently have designs for three additional products.

 

Our patented technology has many advantages over the rotary crank commonly used in today's human-powered vehicles. Its ergonomic design is easily used by many who cannot use the current rotary crank mechanism. Our design has been thoroughly tested by many people with different mobility problems. This includes people who are physically challenged as well as baby boomers who are suffering from joint and back problems. The ability of physically challenged individuals and others to use our products opens a whole new market for our brand and, puts our team in a strong position to change the shape of this market.

 

Helping the physically challenged, disabled veterans and others with mobility problems to overcome those obstacles, is a strong part of what motivates and drives us as a company. For example, working with the Fit Future Improvement Technology Foundation 501(c) (3), our team has repeatedly demonstrated its commitment to helping the physically challenged enjoy greater mobility. Among our many success stories is a young boy named Gavin Ryan, who took his first ride on one of our stepper tricycle designs. In addition, we have also developed a paddle boat for a person with quadriplegia as well as a canoe for those with paraplegia. We have been recognized by both the New Jersey Senate and General Assembly. More details about our unique contributions can be found at: www.fitfoundation.info

 

Our company's core values combined with our new patented technology has the potential to create many positive and far-reaching changes in various market segments. Beyond that, we bring a strong growth potential for our investors. Our company has an extensive plan which includes a comprehensive growth strategy. We will use the net proceeds from this offering to place our mechanism into all our human-powered vehicles

 

We plan to manufacture these products right here in the USA and ship our Manpower Transportation Technology worldwide. Even though our patent protection is for 20 years and we have the full protection of the US and International patent office which allows us to monopolize the bicycle industry as explained: "A Patent is a right granted by a government to an inventor(s). It gives the inventor the exclusive right for a limited period (20 years), to stop others from making, using or selling the inventor's product without permission of the inventor(s)."

 

We currently have 2 products to be marketed and over 20 products to convert from circular motion to an up and down motion. It is difficult for us to determine the number of products we expect to unleash. If accepted by the general public, we do not know exactly how much money we expect to make. Our company, if successful, could expect to make millions of dollars and employ hundreds of people. We are seeking to work with partners and investors that will accelerate the actualization of this exceptional vision. More data and testimonials can be found at our website: www.ARC287bc.com

 

 

Page 20 
 

 

Marketing Strategy

 

Introduction

 

The ARC287BC CORPORATION is an American company dedicated to the invention and production of the patented superior quality products that include the Archimedes Bicycles, Canoe, and Paddleboats. The needs of individuals with paraplegia and quadriplegia have been especially considered in the design of these products. The company will ensure that customer service rather than just profit maximization is a priority. Product design and development efforts will cater to the needs of all members of society.

 

Our Mission

 

Company's mission is to free all individuals including the physically challenged from bondage and enable them to live an enriching life. We plan to provide safer bicycles to all consumers by reducing frame and fork failures when riding. Our Archimedes system will reduce accidents, injuries, lawsuits and provide a fast and smooth ride at the same time. One of the most exciting aspects of our system is that a paraplegic, an individual missing one or both legs or someone suffering from a debilitating muscular disease can now ride the ARC bicycle and enjoy this fantastic fun and energizing activity.

 

SWOT Analysis

 

This section covers the strengths, weaknesses, threats, and opportunities for The ARC287BC CORPORATION which will impact its future growth.

 

Strengths

 

. Commitment to developing tools, programs and resources that help valuable customers

 

. We stand ready to serve as advocates, collaborators or facilitators with people and communities interested in building a future together

 

. Use of advanced technology and design

 

. Products that cater to people with physical mobility issues

 

. Dedication to understanding the customers needs

 

. Unique products for which there is no competition

 

. Forces don't go into the frame

 

. More aggressive marketing methods that can attract specific customer types offering potential higher than normal net margins

 

Weaknesses

 

. Inability to obtain financing needed for organic growth and market expansion

 

. Inability to secure partnership arrangements

 

. The public does not accept our products

 

. Access to additional operating capital

 

. Inadequate cash reserves

 

. Inability to manage several Customers' needs simultaneously
 

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Opportunities

 

. Diversification strategy of the company

 

. Valuable customers can be stabled

 

. Friendly environment makes valuable customers happy

 

. Growing market with a significant percentage of target market that knows the company exist

 

. Strong marketing campaign

 

. Worldwide market

 

. SEO Marketing.

 

. Web site traffic

 

Threats

 

. Changing demography

 

. Relatively lower level of earnings

 

. Inability to gain access to the latest technology due to affordability

 

Keys to success

 

. Maintain and expand current product line for our partners

 

. High demand for the solutions offered

 

. Create friendly relationships with partners

 

. Maintain a respectable and untarnished reputation in the community

 

. Work with lobbyist to change the laws to improve bicycle safety.

 

. Sell a broad range of high-quality products

 

. Provide 100 % satisfaction to the partners regarding products and their safety while using

 

. Be an active member of the community

 

. Constant Web traffic

 

. Know the market

 

. Ensure sustainable profits

 

. Build long-term relationships with partners

 

. Build value, stability, and high-quality solutions

 

 

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Superior Customer Service:

 

Provide reliable, high-quality products to valuable customers, matched by the highest level of pre-purchase and after sales service

 

Environment:

 

Provide a clean, friendly, and comfortable environment conducive to giving professional trusting service. Work with government agencies to pass laws making the bicycle safer.  

 

Convenience:

 

Offering valuable customers a wide variety of products for their daily use.

 

Marketing Objectives:

 

. Increase marketing efforts

 

. Expand market area

 

. Expand marketing reach

 

Web Plan Summary

 

The website will be integral to the promotion of the business. An experienced professional will be hired and will concentrate on design, user-friendliness, and operational effectiveness. The website will serve both business owners and valuable customers

 

Website Marketing Strategy

 

. he website will be developed to include a variety of printable marketing materials, including business cards and informational brochures

 

. The website will feature testimonials of how the company exceeded the expectations of valuable customers by providing customer care and premier products

 

Customer Testimonials:

 

. Posting customer testimonials regarding positive products will be an excellent marketing tool. These testimonials can be placed on the Website where they can be viewed by potential customers.

 

 

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Statistic, Tracking, and Analytics:

 

. Google is a great resource for providing this type of information since it is a primary search engine. Currently, this type of information is essential to any business no matter how large or small. By implementing this marketing strategy, we can ascertain the following information:

 

. How many hits does the site receive?

 

. How many of these are unique visitors?

 

. How are people finding the Website?

 

. What search terms are they finding the company under?

 

. Who is the average visitor?

 

 

. Information from the website can be printed on any marketing material, including pamphlets and business cards, to be handed out or distributed to (big & small businesses), and organizations.

 

. Meeting with business bureaus in the area

 

. Partnering with a high-traffic website to offer the healthcare products

 

Strong Marketing Campaign

 

Company's marketing campaign includes following:

 

1. SEO Marketing

 

SEO Marketing is used to increase the traffic to the upcoming online website. Valuable customers who want to have our products may contact us using our website and we will provide our medical products to them immediately.

 

2. Social media updates

 

The Company is always trying to keep updated about its products via social media posts, and uploads. ARC287BC CORPORATION does this to provide its customers with easy access to the latest cure for dieses and invention of new medical instruments.

 

3. Blog Creation

 

Company creates the blogs for the assistance of its valuable customers. It writes up the content to motivate patient to fight against disabilities and to enjoy their rides. The blogs will also encourage customers to never lose heart in their fight with their disabilities, and to instruct them on how they could enjoy more fulfilled lives by purchasing and using our products.

 

4. E-mails

 

As part of its dedication to offer unparalleled customer service, ARC287BC CORPORATION will attempt to respond to customer the E-mail about its products as quickly as possible.

 

5.YouTube

 

ARC287BC CORPORATION is committed to sharing its experiences and new products designs with its valuable customers via YouTube videos. Using this medium will show the company's commitment to ongoing interaction with its customers.
It will also use other Social Media like Twitter, Instagram, Facebook, Pinterest and LinkedIn for the promotion of its products. The objective is to create and increase customer awareness both locally and internationally. The company believes that Social Media use for product promotion is critical to its expansion nationally and into new markets overseas

 

6. Positioning

 

The company will achieve its best position and build its image by doing the following:

 

. Paying attentions to its customers

 

. Listening to customers experiences

 

. Analyzing customers' psychology

 

. Understanding customers' problems

 

. Increasing customer satisfaction by providing them with the best quality products and customer service

 

Growth Strategy

 

Our company has an extensive plan which includes a comprehensive growth strategy. Our technology has so many useful applications to human-powered vehicles; it is easy to use and has been driven by people with mobility problems. The physically challenged and the baby boomers who suffer from joint and back problems can now be part of our market as they can utilize our products

 

We plan to manufacture these products right here in the USA and ship our Manpower Transportation Technology worldwide. Although, our patent is for 20 years, it is difficult for us to predict how much income we will receive.

 

Our plan is to partner with a company that is interested in using robotics to produce our patented technology products. This will make the delivery of the product into the market a seamless one. Our drive is to work with investors that have a rich view of the possibilities that abound in this niche.

 

We plan to manufacture these products right here in the USA and ship our Manpower Transportation Technology worldwide. Even though our patent protection is for 20 years and we have the full protection of the US and International patent office which allows us to monopolize the bicycle industry as explained:
"A Patent is a right granted by a government to an inventor(s). It gives the inventor the exclusive right for a limited period (20 years), to stop others from making, using or selling the inventor's product without permission of the inventor(s)."

 

We currently have 2 products to be marketed and over 20 products to convert from circular motion to an up and down motion. It is difficult for us to determine the number of products we expect to unleash. If accepted by the general public, we do not know exactly how much money we expect to make. Our company, if successful, could expect to make millions of dollars and employ hundreds of people. We are seeking to work with partners and investors that will accelerate the actualization of this exceptional vision. More data and testimonials can be found at our website: www.ARC287bc.com

 

 

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Competition

 

We focus on both design and technology and strive to make our products superior to that of our competitors. We are a start-up and we expected to use the net proceeds from this offering to place our mechanism into all of our human-powered vehicles and to partner with a company. The proceeds will be used to help the new partner with the startup cost. At present time, we have designs for three additional products.

 

At this time, we have not completed a thorough competitive analysis. We intend to use part of the proceeds to conduct such analysis and structure our strategy accordingly.

 

Our business plan and allocation of proceeds will vary to accommodate the amount of proceeds raised by the sale of securities hereunder and through other financing efforts. The Use of Proceeds table shows an increase in funds allocated to each category of expenses under our business plan somewhat in proportion to the percentage of shares sold (whether 25%, 50%, 75% or100%).

 

Our intellectual property rights are valuable and any inability to protect them could reduce the value of our products and brands. We consider our intellectual property rights, particularly our patents to be a significant and valuable aspect of our business. We attempt to protect our intellectual property rights though a combination of patent, trademark, copyright, and trade secret laws, as well as licensing agreements, third-party nondisclosure and assignment agreements, and the policing of third-party misuses of our intellectual property. Our failure to obtain or maintain adequate protection of our intellectual property rights, or any change in law or other changes that serve to lessen or remove the current legal protections of our intellectual property, may diminish our competitiveness and could materially harm our business.

 

We plan to manufacture these products right here in the USA and ship our Manpower Transportation Technology worldwide. Even though our patent protection is for 20 years and we have the full protection of the US and International patent office which allows us to monopolize the bicycle industry as explained:

 

"A Patent is a right granted by a government to an inventor(s). It gives the inventor the exclusive right for a limited period (20 years), to stop others from making, using or selling the inventor's product without permission of the inventor(s)."

 

We currently have 2 products to be marketed and over 20 products to convert from circular motion to an up and down motion. It is difficult for us to determine the number of products we expect to unleash. If accepted by the general public, we do not know exactly how much money we expect to make. Our company, if successful, could expect to make millions of dollars and employ hundreds of people. For employees, we could have a range from one to over one hundred thousand (100,000). We are seeking to work with partners and investors that will accelerate the actualization of this exceptional vision.
More data and testimonials can be found at our website: www.ARC287bc.com

 

We have begun the development of our anticipated service and even if we do secure adequate financing, there can be no assurance that the marketplace will accept our product and that we will be able to generate revenues. Our sole officer and director will be responsible for the business plan development. In order to reduce or eliminate competition, we have filed for patents. Currently, we have one patent issued and we are awaiting approval on another patent. We strongly believe that our patent protection in our intellectual property rights will allow us to enter the market with exclusivity for at least twenty years. We have also filed PCT International patent protection.

 

Employment Agreements

 

As of January 1, 2015, the Company entered into an employment agreement with Wilson X. Bezerra and Gabor Nagy. Mr. Bezerra will serve as the Company's Chief Executive and Chairman of the Board of Directors. Mr. Bezerra shall receive a salary of $150,000.00. Mr. Nagy will serve as the Company's Project Management Engineer. Mr. Nagy shall receive a salary of $150,000 per year. The Company also entered into an employment agreement with two Senior Project Engineer, Brian Mauricio Martinez Castro, and Okogu Nnamdi Emmanuel. Each of the candidates will receive a salary of $91,770.00 per year.

 

We do not presently have pension, health, annuity, insurance, stock options, profit sharing, or similar benefit plans; however, we may adopt plans in the future. There are presently no personal benefits available to our sole director and officer.

 

During the initial implementation of our business plan, we intend to hire independent consultants to assist in the development of ARC287BC.

 

Government Regulations

 

We are unaware of and do not anticipate having to expend significant resources to comply with any local, state and governmental regulations. We are subject to the laws and regulations of those jurisdictions in which we plan to offer our programming, which are generally applicable to business operations, such as business licensing requirements, income taxes and payroll taxes. In general, the development and operation of our business is not subject to special regulatory and/or supervisory requirements.

 

Intellectual Property

 

We do have intellectual property and have not filed for copyright or trademark protection for our name, channel or intended website. We do intend to trademark ARC287BC name; ARC287BC logo; and any other logo we create (See item 8 for more information).

 

Research and Development

 

Since our inception to the date of this Offering Circular, we have spent money on research and development activities.

 

Reports to Security Holders

 

We intend to furnish annual reports to stockholders, which will include audited financial statements reported on by our Certified Public Accountants. In addition, we will issue unaudited quarterly or other interim reports to stockholders, as we deem appropriate or required by applicable securities regulations.

 

Any member of the public may read and copy any materials filed by us with the Securities and Exchange Commission at the Securities and Exchange Commission's Public Reference Room at 100 F Street, N.E. Washington, D.C. 20509. Information on the operation of the Public Reference Room may be obtained by calling the Securities and Exchange Commission at 1-800-732-0330. The Securities and Exchange Commission maintains an internet website (http://www.sec.gov) that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the Securities and Exchange Commission.

 

Item 8: Description of intelectual Property

 

ARC287BC (ARC) Corporation is a Totowa, NJ based research and development firm specializing in the invention of series of human- powered vehicles (bikes, trikes, canoes, three-wheelers and paddleboats etc.) with a unique patented technology called the "Stepper Mechanism or the Motion Transfer Mechanism". We have one patent issued on 1/21/2014 (US8.632.089B1) AND ANOTHER PATENT FILED ON 08/21/2015 (Docket#203p00np1-us). We strongly believe that our patent protection in our intellectual property rights will allow us to enter the market with exclusivity for at least twenty years. This mechanism converts circular motion into an up and down motion: a more efficient and effective way to use the most powerful muscles in the body and reduce stress on the joints of the arms, legs and back. Our patent holders have assigned our patent rights to ARC287BC Corporation (503961293, 503961288, 503961301, 503961299 and 503961295). On August 19, 2016, ARC287BC Corporation filed International Application #PCT/US16/47698. This mechanism converts circular motion into an up and down motion: a more efficient and effective way to use the most powerful muscles in the body (Hip Extensor & Knee Extensors). The mechanism allows the forces to enter directly into the wheel instead of the frame and fork, thus reducing or eliminating fork and frame failures. Since the forces do not distort the frame or the fork like the conventional bicycle, this invention will reduce death and injury to the consumers and it will reduce millions of recalls of bicycles worldwide. Our technology will also allow the physically challenged or those suffering from joint, muscle disorder, or back problems to enter the market and utilize our system.

 

 

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Our intellectual property rights are valuable and any inability to protect them could reduce the value of our products and brands. We consider our intellectual property rights, particularly our patents to be a significant and valuable aspect of our business. We attempt to protect our intellectual property rights though a combination of patent, trademark, copyright, and trade secret laws, as well as licensing agreements, third-party nondisclosure and assignment agreements, and the policing of third-party misuses of our intellectual property. Our failure to obtain or maintain adequate protection of our intellectual property rights, or any change in law or other changes that serve to lessen or remove the current legal protections of our intellectual property, may diminish our competitiveness and could materially harm our business.

 

We plan to manufacture these products right here in the USA and ship our Manpower Transportation Technology worldwide. Even though our patent protection is for 20 years and we have the full protection of the US and International patent office which allows us to MONOPOLIZE the bicycle industry as explained: "A Patent is a right granted by a government to an inventor(s). It gives the inventor the exclusive right for a limited period (20years), to stop others from making, using or selling the inventor's product without permission of the inventor(s)."

 

We currently have 2 products to be marketed and over 20 products to convert from circular motion to an up and down motion. It is difficult for us to determine the number of products we expect to unleash. If accepted by the general public, we do not know exactly how much money we expect to make. Our company, if successful, could expect to make millions of dollars and employ hundreds of people. We are seeking to work with partners and investors that will accelerate the actualization of this exceptional vision.
More data and testimonials can be found at our website: www.ARC287bc.com

 

Item 9: Management's Decision and Analysis of Financial Condition and Results of Operation

 

The following discussion is intended to assist in understanding our business and the results of our operations. It should be read in conjunction with the Financial Statements and the related footnotes and "Risk Factors" that appear elsewhere in this Report. Certain statements in this Report constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause such a difference include, among others, uncertainties relating to general economic and business conditions; industry trends; changes in demand for our products and services; uncertainties relating to customer plans and commitments and the timing of orders received from customers; announcements or changes in our pricing policies or that of our competitors; unanticipated delays in the development, market acceptance or installation of our products and services; changes in government regulations; availability of management and other key personnel; availability, terms and deployment of capital; relationships with third-party equipment suppliers; and worldwide political stability and economic growth. The words "believe," "expect," "anticipate," "intend" and "plan" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. Unless the context requires otherwise, when we refer to "we," "us" and "our", we are describing ARC287BC Corporation (ARC).

 

Plan of Operations

 

In order to get the best returns for investors, safeguard the ideals of our company and deliver top line products; we have created different robust strategies.
Our major drive is to bring dynamic and result-oriented products into the market. We are poised to be the world leaders with a strong base in the US that touches every part of the world. Also, we understand how to give the physically challenged a touch of class based on our expertise. Our products are designed to bring value, poise and a robust service to each market that we serve.

 

Since the motion transfer mechanism converts circular motion into seamless linear movements, it is an effective way to work the powerful muscles in the body and reduce the stress people feel on their joints, arms, legs and back. Our patent holders have assigned our patent rights to the ARC287BC Corporation (503961293, 503961288, 503961301, 503961299, &503961295). Specifically, we have used this technology in the design of the Arc stepper bicycle. This allows the bicycle to exceed speeds well above that of conventional bikes with greater ease and strict adherence to safety.

 

Presently, we have produced two different stepper bicycle prototypes. Both prototypes have been tested and driven in order to authenticate that this mechanism produces nearly a 3 to 1 advantage over the conventional bike. Most importantly, it reduces/eliminates frame and fork failure. This force coupled with its ergonomic advantages, could potentially render the conventional rotary crank obsolete. More data and testimonials can be found at our website www.ARC287bc.com

 

We will create top line products that will help the physically challenged, veterans and those with a missing limb to move around with ease. Our projection is designed to ensure that our investors get substantial returns on their investments. We are set to partner with a Robotics and Bicycle company in order to reduce the time needed-to bring our product into the market. Our team is made up of IRS Agents, Mechanical Engineers, those with patent Holding experience, machine shop owner and other dynamic professionals. Hence, we have the know-how and capacity needed to actualize these milestones

 

 

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Milestones and Goals

 

Goal 1: Based on our business expertise and the advantage of our patented technology, we will partner with a US-based Robotic company and a bicycle company in order to build the right synergy that will win over the US market from the foreign competition.
Benefit: The production and supply chain will be well worked to deliver with precision. This will increase the rate of our US market dominance and the profits that accrue to every stakeholder in the business

 

Goal 2: We have one patent issued and another patent filed. We have also filed PCT International patent protection. Once we generate enough funds, we will file in other countries.
Benefit: Due to our 20 year patent rights and spread in the market, competition is reduced tremendously or non-existent. This means that our investor's money is safe and our product will do well. Our unique business proposition will enable us entrench our brand in the market. We plan to MONOPOLIZE the bicycle industry worldwide

 

Goal 3: Our goal is to make consumers aware of the inherent danger in the current system and how our product resolves those flaws. Once the public is made aware of how the design of our product eliminates risks and reduces fatalities/injuries around the world; they will flock to purchase our products. Our product is extremely safe and this ensures reduced insurance claims, lower insurance premium, non-existent product recalls, proactive testing expenses and a zero negative publicity.
Benefit: Our products will win the confidence of savvy individuals. This will help us to penetrate numerous regions with this dynamic offering.

 

Goal 4: Currently, there are no patents that control bicycle sales. Most patents are for individual items. Since we have revolutionized the entire bicycle production system, we have incorporated the sale of various accessories in our plan. For example, our patent includes the frame, pedals and other bicycle parts; this will translate into Billions of dollars for our company and help to revive the economy. It will interest you to know that these additional profits were not calculated in the basic financial projections of our business.
Benefit: This will result in increased profits for the company. Also, our high safety standards will ensure that we have fewer insurance claims as against what obtains with our competitors.

Goal 5: Based on ARC287BC's framework; the way force is transmitted to the wheel; we still complied with the most stringent safety testing methods in line with globally accepted standards. It is vital to note that our cost-effective method of testing does not compromise the safety of our product.
Benefit: We do not incur high costs on product tests; therefore, investors are assured of high yields on their investment.

 

Goal 6: Our partnership with other dynamic organizations will lead to greater cost efficiency; higher productivity with a streamlined workflow that guarantees greater success.
Benefit: Quick channels for growth will be used to build on the existing goodwill that is playing out in the market. This ultimately increases the income generation for this business.

 

Goal 7: We are poised to bring jobs back to the USA by employing American workers and selling our products abroad. We intend to grow larger than the most powerful bicycle-manufacturing company through our robust business development initiatives.
Benefit: A wide range of stakeholders will trust our dynamic Made in USA product. We will deliver products full of class while helping to grow allied businesses and ultimately continue to add value to the US economy. We will partner with allied US Companies in order to maximally grow our market share.

 

Goal 8: We have a dynamic exit plan for our investors and stakeholders based on our business framework.
Benefit: Our exit plan is specially designed by professionals with optimum consideration on the interest of our stakeholders and investors.

 

 

 

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Result of Operation

 

Presently, we have 2 stepper prototypes that are ready for production. One of them works with a spring while the other uses a pulley. Both prototypes can be used by the general public; however, the spring also serves those that are missing a limb. This opens a whole new market for our brand. With a healthy framework that is poised to positively reshape the market; we are open to work with partners and investors that will accelerate the actualization of this exceptional vision.
Through the use of Fit Future Improvement Technology Foundation (501C3), we have demonstrated our resolve in helping the physically challenged enjoy greater mobility. Among our many success stories is a boy named Gavin Ryan, who we have helped through the deployment of this product. Beyond the benefits that will accrue to investors, our core values will create far-reaching effects in various markets. In addition to helping the general public, it is vital to mention that we have also created a paddle boat for the quadriplegic and a canoe for the paraplegics and we have also been recognized by the State of NJ Senate and General Assembly More details about our unique contributions can be seen at wwww.fitfoundation.info

 

Liquidity and Capital Resources

 

As of the date of this offering, we generated no revenues from our business operations, from inception January 1, 2015 to our sole officer and director, Wilson X. Bezerra, who will pay all costs incurred from this offering; and we are authorized (1Billion shares) of which 200,000,000 million shares will be issued.

 

Our current cash on hand is limited. Our directors and officers, Wilson X. Bezerra, is paying all costs associated with this offering, and shall pay any additional funds that may be required. Accordingly, we anticipate that our current cash on hand is not sufficient to meet the new obligations associated with being a company that is fully reporting with the SEC. However, to the extent that we do not expend the entire cash on hand on this offering, the remaining cash will be allocated to cover these new reporting company obligations, and our "Use of Proceeds" would be adjusted accordingly. Nonetheless, based on our disclosure above under "Use of Proceeds," which is based on utilizing the entire cash on hand for this offering, we anticipate that any level of capital raised above 25% will allow us minimal operations for a twelve-month period while meeting our State and SEC required compliance obligations.

 

Through July 1, 2017, we spent $6,500.00 on the preparation and filing of this offering circular, which was paid by Mr. Bezerra, and any additional funds that we are required to spend shall also be paid by Mr. Bezerra and reimbursed from the proceeds of this offering.

 

To date, the Company has managed to keep our monthly cash flow requirement low for two reasons. First, our sole officer does not draw a salary at this time. Second, the Company has been able to keep our operating expenses to a minimum by operating in space owned by our sole officer.

 

As of the date of this registration offering circular, the current funds available to the Company will not be sufficient to continue maintaining a reporting status. Management believes if the Company cannot maintain its reporting status with the SEC it will have to cease all efforts directed towards the Company. As such, any investment previously made would be lost in its entirety.

 

The Company currently has no external sources of liquidity such as arrangements with credit institutions or off-balance sheet arrangements that will have or are reasonably likely to have a current or future effect on our financial condition or immediate access to capital.

 

The sole director and officer have made no commitments, written or oral, with respect to providing a source of liquidity in the form of cash advances, loans and/or financial guarantees.

 

 

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If the Company is unable to raise the funds partially through this offering, the Company will seek alternative financing through means such as borrowings from institutions or private individuals. There can be no assurance that the Company will be able to keep costs from being more than these estimated amounts or that the Company will be able to raise such funds. Even if we sell all shares offered through this registration statement, we expect that the Company will seek additional financing in the future. However, the Company may not be able to obtain additional capital or generate sufficient revenues to fund our operations. If we are unsuccessful at raising sufficient funds, for whatever reason, to fund our operations, the Company may be forced to seek a buyer for our business or another entity with which we could create a joint venture. If all of these alternatives fail, we expect that the Company will be required to seek protection from creditors under applicable bankruptcy laws.

 

Our independent auditor has expressed doubt about our ability to continue as a going concern and believes that our ability is dependent on our ability to implement our business plan, raise capital and generate revenues. See Notes of our financial statements.

 

Although the Company has adopted a Code of Ethics and Business Conduct the Company has not yet adopted any of these other corporate governance measures and, since our securities are not yet listed on a national securities exchange, the Company is not required to do so. The Company has not adopted corporate governance measures such as an audit or other independent committees of our board of directors as we presently do not have any independent directors. If we expand our board membership in future periods to include additional independent directors, the Company may seek to establish an audit and other committees of our board of directors. It is possible that if our Board of Directors included independent directors and if we were to adopt some or all of these corporate governance measures, stockholders would benefit from somewhat greater assurances that internal corporate decisions were being made by disinterested directors and that policies had been implemented to define responsible conduct. For example, in the absence of audit, nominating and compensation committees comprised of at least a majority of independent directors, decisions concerning matters such as compensation packages to our senior officer and recommendations for director nominees may be made by a majority of directors who have an interest in the outcome of the matters being decided. Prospective investors should bear in mind our current lack of corporate governance measures in formulating their investment decisions.

 

Off-Balance Sheet Arrangements

 

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to our stockholders.

 

Inflation

 

The effect of inflation on our revenues and operating results has not been significant

 

Critical Accounting Policies

 

Our financial statements are affected by the accounting policies used and the estimates and assumptions made by management during their preparation. We have identified below the critical accounting policies which are assumptions made by management about matters that are highly uncertain and that are of critical importance and have a material impact on our financial statements. Management believes that the critical accounting policies and estimates discussed below involve the most complex management judgments due to the sensitivity of the methods and assumptions necessary in determining the related asset, liability, revenue and expense amounts. Specific risks associated with these critical accounting policies are discussed throughout this MD&A, where such policies have a material effect on reported and expected financial results.
A complete listing of our significant policies is included in Notes of the notes to our financial statements for the period ended December 31, 2015 and December 31, 2016.

 

Use of estimates

 

The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the amounts reported in the financial statements. Estimates are based on historical experience, management expectations for future performance, and other assumptions as appropriate. We re-evaluate estimates on an ongoing basis; therefore, actual results may vary from those estimates.

 

Financial Instruments

 

The Company's balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization.

 

 

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Item 10: Directors, Executive Officers and Significant Employees

 

The table below sets forth our directors and executive officers of as of the date of this Offering Circular.

 

Name (1)   Position   Age   Term of Office  

Approximate

Hours Per

Week

                 
Wilson Bezerra  

Chief Executive Officer

Chairman of Board

  64   Inception to Present   As required

 

1    All addresses shall be considered 232 Union Blvd., Totowa, NJ 07512

 

Presently, we have no other directors, officers or key/significant employees.

 

WILSON BEZERRA, SOLE OFFICER AND DIRECTOR

 

 

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My name is Wilson Bezerra and I am the CEO of ARC287BC Corporation - the rider powered-cycling product company in New Jersey. I have great passion for human capital development and the well-being of all individuals. This has enabled me to consistently devote all of my strength and energy in search of ways to better the lives of others; chiefly through my entrepreneurial and philanthropic gestures in the US.

I have over 3 decades of experience spanning several sectors. Within the 5 year period between 1976 and 1980, I served in the Internal Revenue Service in Newark, New Jersey. As an IRS agent, my duties included being responsible for various facets of criminal investigation process, inclusive of documentation analysis, case preparation for prosecutors, organization of surveillance, maintenance of internal deadline schedules for court appearance, participation in Grand Jury 6-E (highly confidential cases) and field interviews with criminal case professionals.

My fascination with the investigation of alleged criminal violations of Federal Tax Laws burgeoned as I performed tasks with excitement at the IRS, and also provided recommendations related to criminal prosecutions. I was also required to prepare and document comprehensive technical reports with accounting analysis and summaries. I also assisted U.S. Attorneys in case preparation for trials, providing a lot of preliminary support that would assist Special Agents in tax fraud investigations. I also investigated Mortgage Fraud schemes that were perpetrated by individuals acting alone or in collusion with borrowers, loan originators, or real estate professionals. Between 1980 and 1981, I worked with Walker & Company CPA where I served as the public accountant for the firm. I prepared complex tax returns for individuals and corporations, audited large companies to assure that they adhered to auditing standards set forth by the AICPA review board.

Between 1981 and 1986, I served as the security administrator for Chase Manhattan Bank in New York. There, I was responsible for the bank's security administration of Human Resources Information Systems; including several critical applications such as Employee Profiles, Payroll Processing and Taxation. I was also accountable for the management of approximately 300 employee end users in this organization. While there, I was consistently awarded for new and innovative ideas to enhance their system. In 1981 I started my own part-time tax preparation and accounting service business. This part-time business grew into an established successful Accounting, Insurance and Tax practice for over 35 years.

At a time in 1989, I gave my brother a bicycle. Then, a few weeks later he called to tell me that the bicycle was not working properly. I brought my bicycle back to my office for repair. While working in my office, I kept studying the bicycle and its movements. Over the years, I noticed that I have the ability to see things in slow motion and make connections between current and past ideas. For this reason, while I was staring at the bicycle, a few of my past experiences flashed in front of my eyes. It was then I realized that the bicycle pedals should be moving in an up and down motion instead of a circular motion. That is what necessitated the creation of the stepper bicycle.
Building the perfect bicycle was a GRUELING and TIME CONSUMING EXPERIENCE. As the years passed, I spent most of my evenings and weekends thinking, planning, and building the perfect prototypes. During these years, I produced many prototypes, filed many patents, and completed many business plans to raise funds. Our company tried for many years to raise funds, but we have been unsuccessful because of the restrictions in Federal and State laws.

After years of struggle trying to finalize our prototypes, we finally got it right. We have completed two prototypes that enable the general public and the physically challenged to ride a bicycle again. This includes all those that have physical disabilities. Our system is so versatile and solves almost every problem inherent in a bicycle. Our system will eliminate or reduce recalls, frame and fork failure, sudden death or disability from riding a bicycle. We are so proud of our achievements in this area.


 
Page 31 
 

The turning point came when I placed an older version of my prototype on the Youtube video. A group of engineering students from Wisconsin University asked me to help a physically challenged boy, Gavin Ryan, who had a muscle disorder that prevented him from pedaling a conventional bicycle in a circular motion. Members of my team as well as the Wisconsin team collaborated to create a bicycle for this young boy. This video helped me to be recognized by the Wisconsin University and the New Jersey State Senate. I realized, at that point, that I could incorporate our technology in many other products and help the general public and the physically challenged. This is when we created the Fit Future Improvement Technology Foundation (501c3 a non profit) to help those that are physically challenged to have access to our system.
I also received a call asking me to make a speech at the famous Henry J. Carter Institute for the physically challenged. While there, I noticed something which would greatly influence the creation of my other product and I would say this was another turning point in my life. While in the quadriplegic's room, I observed a visitor looking at his watch a few times; signaling that if given a chance, he wouldn't be there because he was bored and had nothing to talk about. This subject is painful and depressing for all those surrounding the patient and their family. Now, this wasn't totally out of place, as most people wouldn't want to be around a quadriplegic because it was traumatic and didn't leave the visitor or the patient anything in common to talk about.
With this knowledge, I created a paddle boat for the quadriplegic and a canoe for the paraplegic. Both products will be used to bring the families and the disabled closer together by meeting at the lake occasionally.
Our dream is to create a dual bicycle monorail that riders can enjoy themselves while at Disney, Universal and other theme parks. In NJ, the boardwalk host a monorail cycling ride where the individual cycles around the boardwalk allowing the rider to get a scenic view of the entire beach and ocean from above. This cycling monorail is arduous and exhausting to the leg muscles. Our system will enable an individual to enjoy the scenic ride without difficulty or strain. Since our system uses the extensor muscles and not the flexor muscles, individuals who suffer from muscle disorder, knee joints, or are missing one leg can now enjoy the ride. Besides getting a panaromic view of the theme parks (Disney, Universal, etc), this is a great method of transportation from one side of the park to the other while getting your daily exercise while sitting in the comfort of your seat.
Our company now has various US and international patents filed. When we go public and raise money, these patents will allow us to monopolize the market and create value in all countries.
The strategy employed to make ARC287BC a world-class corporation and for it to be maximally effective is the plan to have an avid partnership with both a robotics company and a bicycle company; this will enable us to focus maximally on the creative process itself.
However, one thing stands in the way of adding value to society through the use of these products, and that is the appropriate manpower.
With the start of this new company and the advantages that we will have by monopolizing the bicycle industry because of our patents and our organizational skills, we are extremely confident that we will be successful in creating jobs in the USA for years to come.
It has been an uphill battle to come to this level of achievement. We have endured and conquered many obstacles to get where we are today. Archimedes is now a reality and it is not just an idea.

 

Page 32 
 

 

Item 11: Compensation of Directors and Executive Officers

 

Name (1)  

Capacities in which

Compensation was

Received (2)

 

Cash

Compensation

 

Other

Compensation

  Total Compensation
                 
Wilson X. Bezerra  

Chief Executive Officer

Chairman of the Board

  $150,000 (3)   $0   $150,000
                 

 

1   All addresses shall be considered 232 Union Blvd., Totowa, NJ 07512
2   We reimburse our officers and directors for reasonable expenses incurred during the course of their performance and for extraordinary services; however, we do not compensate our directors for attendance at meetings. We have no long-term incentive plans.
3  

Mr. Bezerra shall not receive compensation until sufficient funds have been raised in this offering.

 

 

Item 12: SECURITY OWNERSHIP OFCERTAIN BENEFICIAL OWNERS AND MANAGEMENT

 

The following table sets forth information regarding beneficial ownership of our common stock as of July 1, 2017 and as adjusted to reflect the sale of shares of our common stock offered by this Offering Circular, by:

 

. Each of our Directors and the named Executive Officers;
   
. All our Directors and Executive Officers as a group; and
   
. Each person or group of affiliated persons known by us to be the beneficial owner of more than 5% of our outstanding shares of Common Stock
   
. All other shareholders as a group

 

Beneficial ownership and percentage ownership are determined in accordance with the rules of the Securities and Exchange Commission and includes voting or investment power with respect to shares of stock. This information does not necessarily indicate beneficial ownership for any other purpose.

 

Unless otherwise indicated and subject to applicable community property laws, to our knowledge, each stockholder named in the following table possesses sole voting and investment power over their shares of common stock, except for those jointly owned with that person's spouse.

 

 

   

Shares Beneficially Owned

Prior to Offering

 

Shares Beneficially Owned

After the Offering

Name and Position of Beneficial Owner   Number   Percent   Number   Percent
                 
Wilson X. Bezerra   0   0%   150,000,000   75.0%
Chief Executive Officer                
Chairman of the Board of Directors                

 

 

Page 33 
 

 

Item 13: Interest of Management and Others in Certain Transactions

 

Related Party Transactions

 

Our majority shareholder is, the Company's Chairman of the Board of Directors and Chief Executive Officer, who owns the majority of the issued and outstanding controlling shares of ARC287BC Corporation. Consequently, this shareholder controls the operations of the Company and will have the ability to control all matters submitted to stockholders for approval, including, but not limited to:

 

. Election of the Board of Directors
   
. Removal of any Directors
   
. Amendments to the Company's Articles of Incorporation or bylaws;
   
. Adoption of measures that could delay or prevent a change in control or impede a merger, takeover or other business combination.

 

 

Mr. Bezerra will thus have complete control over the Company's management and affairs. Accordingly, this ownership may have the effect of impeding a merger, consolidation, takeover or other business combination, or discouraging a potential acquirer from making a tender offer for the Common Stock

 

Lease of Facility

 

As our office space needs are limited at the current time, we are currently operating out of Mr. Bezerra's office located at 232 Union Blvd., Totowa, NJ 07512 Mr. Bezerra has donated this space usage free of charge.

 

Employment Agreements

 

As of January 1, 2015, the Company entered into an employment agreement with Wilson X. Bezerra and Gabor Nagy. Mr. Bezerra will serve as the Company's Chief Executive and Chairman of the Board of Directors. Mr. Bezerra shall receive a salary of $150,000.00. Mr. Gabor Nagy will serve as the Company's Project Management Engineer. Mr. Nagy shall receive a salary of $150,000 per year Mr. Nagy is married to Wilson Bezerra's sister Roselene Baetz.

 

 

Intellectual Patent Purchase Agreement

Equity Transactions

 

As of September 28, 2017, the Company has not issued any shares.

 

 

On July 11, 2017, the Company entered into an Intellectual Patent Purchase Agreement with Wilson Bezerra to purchase the rights to his intellectual patent for the sum of one million five hundred dollars ($1,500,000.00).

 

 

 
 
 
RECITALS:
 
 
 
  
          I. Sellers are the owners of the entire right, title, and interest in the following Patent numbers and Patent Applications Serial Numbers:
 
 
  
              Patent numbers                  Serial numbers
  
              8632089                             503961299
  
              14832430                           503961293
  
              8632089                             503961301
  
              14832430                           503961288
  
              14832430                           503961295
  
              International Application Number PCT/US16/47698 owned by ARC287BC                           
 
 
  
          II. Subject to the terms and conditions of this Agreement, Purchaser wishes to purchase the Patent Rights from Sellers, and Sellers wish to sell, transfer, and convey the Patent Rights to Purchaser.
 
 
  
          III. Under this agreement all parties has assigned their patent rights to the ARC287BC Corporation.
 
 
  
          IV. No other party shall be expecting any monies from the transfer
 
 
  
         V. The seller shall receive One million five hundred thousand (1.5 million dollars) from the patent rights from the ARC287BC Corporation once it gets funded and the seller shall have an option to receive it right away or after duration of over 60                  months.
 

Mr. Bezerra shall not receive compensation until sufficient funds have been raised in this offering.

 

 

Page 34 
 

 

Item 14: Securities Being Offered

 

General

 

Our authorized capital stock consists of 1,000,000,000 (one billion) shares of common stock, par value $0.0001 per share and no shares are outstanding as of July 11, 2017. We have no preferred stock. Under general state corporation laws, the holders of our common stock will have limited liability pursuant to which their liability is limited to the amount of their investment in the Company.

 

The Company is offering 50,000,000 (fifty million) shares of common stock in the Company at $1.00 (one dollar US) per share.

 

Common Stock

 

Voting Rights. The holders of the common stock are entitled to one vote for each share held of record on all matters submitted to a vote of the shareholders. New Jersey law provides for cumulative voting for the election of directors. As a result, any shareholder may cumulate his or her votes by casting them all for any specific director nominee or by distributing them among two or more nominees. This may make it easier for minority shareholders to elect a director.

 

Dividends. Subject to preferences that may be granted to any then outstanding preferred stock, holders of common stock are entitled to receive ratably such dividends as may be declared by the board of directors out of funds legally available therefore as well as any distributions to the shareholders. The payment of dividends on the common stock will be a business decision to be made by our board of directors from time to time based upon results of our operations and our financial condition and any other factors that our board of directors considers relevant. Payment of dividends on the common stock may be restricted by loan agreements, indentures and other transactions entered into by us from time to time.

 

Liquidation Rights. In the event of our liquidation, dissolution or winding up, holders of common stock are entitled to share ratably in all of our assets remaining after payment of liabilities and the liquidation preference of any then outstanding preferred stock.

 

Absence of Other Rights or Assessments. Absence of Other Rights or Assessments. Holders of common stock have no preferential, preemptive, conversion or exchange rights. There are no redemption or sinking fund provisions applicable to the common stock. When issued in accordance with our articles of incorporation and law, shares of our common stock are fully paid and not liable to further calls or assessment by us.

Page 35 
 

 

FINANCIAL STATEMENTS AND EXHIBITS

 

ARC287BC Corporation.

INDEX TO FINANCIAL STATEMENTS

 

Content Page
   
Report for Independent Registered Accounting Firm F-2
   
Balance Sheet as of December 31, 2016 F-3
   
Statement of Operations From January 1, 2016 to December 31, 2016 F-4
   
Statement of Cash Flows from January 1, 2016 to December 31, 2016 F-5
   
Statement of Changes in Stockholder's Equity from January 1, 2016 to December 31, 2016 F-6
   
Notes to Financial Statements F-7
   
Interim Balance Sheet from January 1, 2017 to June 30, 2017 G-1
   
Statement of Operation from January 1 2017 to June 30, 2017 G-2
   
Statement of Cash Flows from January 1, 2017 to June 30, 2017 G-3
   
Statement of Changes in Stockholder's Equity from January 1, 2017 to June 30, 2017 G-4
   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

F-2
 

 

PK Ramachandran

Ram Associates

Certified Public Accountant

3240 E. State Street Ext., Hamilton, NJ 08619, USA

 

 

INDEPENDENT AUDITOR'S REPORT

 

 

To the Board of Directors

ARC287BC Corporation

 

I have audited the accompanying balance sheets of ARC287BC Corporation for the year ended December 31, 2016 and the related statements of income, retained earnings and cash flows for the year then ended. These financial statements are the responsibility of the Company's management. My responsibility is to express an opinion on the financial statements based on my audit.

 

I conducted my audit in accordance with US generally accepted auditing standards. Those standards require that I plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statements presentation. I believe that my audit provides a reasonable basis for my opinion.

 

In my opinion, the financial statements present fairly in all material respects, the financial position of ARC287BC Corporation as of the balance sheet date of December 31, 2016 and results of its operations and its cash flows for the period then ended, in accordance with accounting principles generally accepted in the United States of America.

 

/s/

 

September 28, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

F-3
 

 

ARC287BC Corporation..

Balance Sheet

December 31, 2016

 

 

     
ASSETS    
         
Current Assets    
  Cash $ 177
  Total assets   177
         
LIABILITIES & SHAREHOLDER'S EQUITY    
         
Loans from Shareholders $ 20,795
         
    Total Liabilities $ 20,795
         
Shareholder's Equity    
  Common stock- $NIL par value; 1,000,000,000 shares authorized,    
  no shares issued and outstanding.  
         
  Accumulated deficit $ (20,618)
  Total Shareholder's Equity $ (20,618)
         
  Total Liability & Shareholder's Equity $ 177

 

 

 

 

 

 

 

 

 

 

See accompanying notes to financial statements

 

 

F-4
 

ARC287BC Corporation.

Statement of Operations

From January 1, 2016 to December 31, 2016

 

operatin expenses:

 

   
       
Selling, general and administrative expenses $ 20,493
       
Net loss   20,493
       
  Loss per Share
       
From continuing operations  
       
  Total number of common shares issued and outstanding
       
  as of December 31, 2016
       
Weighted Average for number of common shares issued and outstanding
       
From January 1, 2016 to December 31, 2016
       
Basic $ 0.00
       

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

See accompanying notes to financial statements

 

 

F-5
 

 

ARC287BC Corporation.

Statement of Cash Flows

From January 1, 2016 to December 31, 2016

 

Cash flows used for operating activities:

 

 
     
Net Loss $ (20,493)
     
Net cash provided / (used) by operating activities (20,493)
     
Cash flows from investing activities
Decrease in accumulated deficit   (126)
Net cash provided / (used) by investing activities   (126)
     
Cash flows from financing activities
     
Increase in loan from shareholders   20,796
Net cash provided / (used) by financing activities   20,796
Net increase / (decrease) in cash   177
    -
Cash at the beginning of the year   177
Cash at the end of the year   -
     
Supplementary disclosure of cash flows information   -
     
Supplemental disclosure of Non-Cash Operating Activities    
     
Currents assets purchased by issue of common stock   -
Supplemental disclosure of Non-Cash Investing and Financing Activities $ 0
Fixed and intangible assets purchased by issue of common

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

See accompanying notes to financial statements

 

 

F-6
 

 

 

ARC287BC.

STATEMENT OF SHAREHOLDERS' EQUITY

For the period from inception January 1, 2015 through December 31, 2016

 

 

 

 

    Adittional Retained   Total  
 No. of    Paid - in  earnings/   stockholder's  
shares Amount Capital (deficit)   equity  
             
Balance at January 1, 2015   (125)   (125)  
Issuance of shares        
Net loss   (20,493)   (20,493)  
Balance at December 31, 2016   - (20,618)   $(20,618)  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

See accompanying notes to financial statements

 

F-7
 

 

 

ARC287BC.

Notes to Financial Statements

December 31, 2016

 

 

Nature of Operations

 

 

Organization and description of business

 

ARC287BC Corporation. ("ARC" or the "Company") was organized on January 1, 2015 under the laws of the State of New Jersey.


ARC was formed to provide safe and efficient bicycles and other products to all individuals. Our mission is to free all individuals including the physically challenged from bondage and enable them to live an enriching life.

 

The Company's year-end is December 31.

 

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

A summary of significant accounting policies applied in the presentation of the condensed consolidated financial statements are as follows:

 

 

 

Revenue Recognition

 

The Company has not, to date, generated significant revenues. The Company plans to recognize revenue in accordance with Accounting Standards Codification subtopic 605-10, Revenue Recognition ("ASC 605-10") which requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded.

 

ASC 605-10 incorporates Accounting Standards Codification subtopic 605-25, Multiple-Element Arraignments ("ASC 605-25"). ASC 605-25 addresses accounting for arrangements that may involve the delivery or performance of multiple products, services and/or rights to use assets. The effect of implementing 605-25 on the Company's financial position and results of operations was not significant.

 

Use of Estimates

 

The preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenue and expenses during the reported period. Actual results could differ materially from the estimates.

 

Cash and Cash Equivalent

 

The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. There were no cash equivalents at December 31, 2016.

 

Income Taxes

 

The Company accounts for income taxes in accordance with FASB ASC 740, "Income Taxes," which requires that the Company recognize deferred tax liabilities and assets based on the differences between the financial statement carrying amounts and the tax bases of assets and liabilities, using enacted tax rates in effect in the years the differences are expected to reverse. Deferred income tax benefit (expense) results from the change in net deferred tax assets or deferred tax liabilities. A valuation allowance is recorded when it is more likely than not that some or all deferred tax assets will not be realized.

 

The Company has adopted the provisions of FASB ASC 740-10-05 Accounting for Uncertainty in Income Taxes. The ASC clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements. The ASC prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The ASC provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.

 

-
 

Net Loss Per Share, basic and diluted

 

Basic loss per share has been computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding for the period.

 

Fair Value of Financial Instruments

 

The Company's financial instruments, as defined by Accounting Standard Codification subtopic 825-10, Financial Instrument ("ASC 825-10"), include cash, accounts payable and convertible note payable. All instruments are accounted for on a historical cost basis, which, due to the short maturity of these financial instruments, approximates fair value at December 31, 2016.

 

FASB ASC 820 defines fair value, establishes a framework for measuring fair value in accordance with generally accepted accounting principles, and expands disclosures about fair value measurements. ASC 820 establishes a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value as follows:

 

Level 1: Observable inputs such as quoted prices in active markets;
Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and
Level 3: Unobservable inputs in which there is little or no market data, which requires the reporting entity to develop its own assumptions

 

The Company's derivative is valued at level 3.

 

Stock Based Compensation

 

The Company follows Accounting Standards Codification subtopic 718-10, Compensation ("ASC 718-10") which requires that all share-based payments to both employees and non-employees be recognized in the income statement based on their fair values.

 

At December 31, 2016, the Company did not have any issued or outstanding stock options.

 

 

 

 

Concentration and Credit Risk

 

Financial instruments and related items, which potentially subject the Company to concentrations of credit risk, consist primarily of cash, cash equivalents and trade receivables. The Company places its cash and temporary cash investments with high credit quality institutions. At times, such investments may be in excess of the FDIC insurance limit.

 

Issuance of Common Stock

 

The issuance of common stock for other than cash is recorded by the Company at market values.

 

Impact of New Accounting Standards

 

Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying consolidated financial statements.

 

NOTE 5 - CAPITAL STRUCTURE

 

The Company is authorized to issue 1,000,000,000 shares of common stock with a par value of $.0001 per share. Each common stock share has one voting right and the right to dividends, if and when declared by the Board of Directors.

 

Common Stock

 

At December 31, 2016, there were no shares of common stock issued and outstanding.

 

Stock options, warrants and other rights

 

At December 31, 2016, the Company has not adopted any employee stock option plans.

 

NOTE 6 - RELATED PARTY TRANSACTIONS

 

No related party transactions

 

The office space used by the Company was arranged by the founder of the Company at no charge to the Company.

 

NOTE 7 - INCOME TAXES

 

At December 31, 2016, the Company had approximately $0, of net operating losses ("NOL") carry forwards for federal and state income tax purposes. Utilization of these losses may be severely or completely limited if the Company undergoes an ownership change pursuant to Internal Revenue Code Section 382.

 

The provision for income taxes for continuing operations consists of the following components for the period ended December 31, 2016:

 

2016
   
current $ -
   
Deferred -
   
Total tax provision for (benefit from) income taxes $ -

 

A comparison of the provision for income tax expense at the federal statutory rate of 34% for the period ended December 31, 2016, the Company's effective rate is as follows:

 

2015
   
Federal statutory rate (34.0) %
   
DState tax, net of federal benefit (9.0)
   
Permanent differences and other including surtax exemption 0.0
   
Valuation allowance 34.0
   
Effective tax rate 43.0%

 

There were no deferred tax assets and liabilities included in the financial statements at December 31, 2016.

 

NOTE 8 - COMMITMENTS

 

Legal

 

From time to time, the Company may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. The Company currently is not aware of any such legal proceedings that we believe will have, individually or in the aggregate, a material adverse effect on its business, financial condition or operating results

 

NOTE 10: ASSETS

 

The Assets were nominal as of December 31, 2015 and operations were minimal during the year ended December 31, 2015.

 

 

 

G-1
 

 

ARC287BC Corporation..

Interim Balance Sheet

From January 1, 2017 to June 30, 2017

(Unaudited)

 

 

     
ASSETS    
         
Current Assets    
  Cash $ 2,480.00
  Total assets   2,480.00
         
LIABILITIES & SHAREHOLDER'S EQUITY    
         
Loans from Shareholders $ 23,275.00
         
    Total Liabilities $ 23,275.00
         
Shareholder's Equity    
  Common stock- $NIL par value; 1,000,000,000 shares authorized,    
  no shares issued and outstanding.  
         
  Accumulated deficit $ (20,795.00)
  Total Shareholder's Equity $ (20,795.00)
         
  Total Liability & Shareholder's Equity $ 2,480.00

 

 

 

The accompanying notes are an integral part of these unaudited condensed financial statements.

 

 

 

G-2
 

ARC287BC Corporation.

Statement of Operations

From January 1, 2017 to June 30, 2017

(Unaudited)

 

operatin expenses:

 

   
       
Selling, general and administrative expenses $ 20,795.00
       
Net loss   20,795.00
       
  Loss per Share
       
From continuing operations  
       
  Total number of common shares issued and outstanding
       
  as of June 30, 2017
       
Weighted Average for number of common shares issued and outstanding
       
From January 1, 2017 to June 30, 2017
       
Basic $ 0.00
       

 

 

 

The accompanying notes are an integral part of these unaudited condensed financial statements.

 

 

 

 

 

 

 

 

 

 

 

G-3
 

 

ARC287BC Corporation.

Statement of Cash Flows

From January 1, 2017 to June 30, 2017

(Unaudited)

 

Cash flows used for operating activities:

 

 
     
Net Loss $ (20,795)
     
Net cash provided / (used) by operating activities (20,795)
     
Cash flows from investing activities
Decrease in accumulated deficit   -0-
Net cash provided / (used) by investing activities   -0-
     
Cash flows from financing activities
     
Increase in loan from shareholders   20,795
Net cash provided / (used) by financing activities   20,795
Net increase / (decrease) in cash   -0-
    -
Cash at the beginning of the year   -0-
Cash at the end of the year   -
     
Supplementary disclosure of cash flows information   -
     
Supplemental disclosure of Non-Cash Operating Activities    
     
Currents assets purchased by issue of common stock   -
Supplemental disclosure of Non-Cash Investing and Financing Activities $ 0
Fixed and intangible assets purchased by issue of common

 

 

 

The accompanying notes are an integral part of these unaudited condensed financial statements.

 

 

 

 

 

 

 

See accompanying notes to financial statements

 

 

G-4
 

 

 

ARC287BC.

STATEMENT OF SHAREHOLDERS' EQUITY

For the period January 1, 2017 through June 30, 2017

(Unaudited)

 

 

 

 

    Adittional Retained   Total  
 No. of    Paid - in  earnings/   stockholder's  
shares Amount Capital (deficit)   equity  
             
Balance at January 1, 2017   (20,618)   (20,618)  
Issuance of shares        
Net loss      
Balance at June 30, 2017   - (20,795)   $(20,795)  

 

 

The accompanying notes are an integral part of these unaudited condensed financial statements.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

See accompanying notes to financial statements

 

 

 

 

Note 11 - Going Concern
The Company's financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not established any source of revenue to cover its operating costs. These conditions raise substantial doubt about the company's ability to continue as a going concern Company will engage in very limited activities without incurring any liabilities that must be satisfied in cash until a source of funding is secured. The Company will offer noncash consideration and seek equity lines as a means of financing its operations. If the Company is unable to obtain revenue producing contracts or financing or if the revenue or financing it does obtain is insufficient to cover any operating losses it may incur, it may substantially curtail or terminate its operations or seek other business opportunities through strategic alliances, acquisitions or other arrangements that may dilute the interests of existing stockholders.

Note 12 - Summary of Significant Accounting Policies

Basis of Presentation
The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles ("GAAP") of the United States (See Note 11) regarding the assumption that the Company is a "going concern".

Development Stage Company
The Company is a development stage company as defined by section 915-10-20 of the FASB Accounting Standards Codification. The Company is still devoting substantially all of its efforts on establishing the business. Its planned principal operations have not commenced. All losses accumulated since inception have been considered as part of the Company's development stage activities.

Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. In the opinion of management, all adjustments necessary in order to make the financial statements not misleading have been included. Actual results could differ from those estimates.
 

 

PART III

 

INDEX TO EXHIBITS

 

 

Item 17 Number   Exhibit

 2A1

  Charter 1

 2A2

  Charter 2

 2B

  Bylaws

 4.0

  Subscription Agreement

 6.0

  Employment agreement

 9.0

  Accounting letter

 11.0

  Consent

 12.0

  Opinion of Counsel

 13.0

  Test the Waters

 15.0

  [Additional Exhibits]

 15.1

  Qualification letter

 15.2

  Shareholder Resolution

 15.3

  Intellectual patent assignment

 15.4

  Patent purchase agreement

 15.5

  Products

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of Regulation A, the issuer certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form 1-A and has duly caused this Offering Circular to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Totowa, State of New Jersey, on July 11, 2017.

 

  ARC287BC
   
   
   
  By: /s/ Wilson Bezerra,
   

Wilson Bezerra,

Chief Executive Officer

 

This Offering Circular has been signed by the following persons in the capacities and on the dates indicated.

 

Signature   Title   Date
         
         
/s/ Wilson Bezerra,   Chairman, Board of Directors   July 11, 2017
Wilson Bezerra,  

Chief Executive Officer

   

 

 

  

 

 

EX1A-2A CHARTER 4 Ex1-2ACharter1.htm EX1A-2ACHARTER certificate of inc

 
 

 
 
EX1A-2A CHARTER 5 ex1-2Bcharter2.htm EX1-2BCHARTER certificate of inc

EX1A-2B BYLAWS 6 Ex1A-2BYLAWS.htm EX1A-2BBYLAWS Unassociated Document
"ARC287BC CORP. BY-LAWS"


ARTICLE I - OFFICES

Section 1. The registered office of the corporation shall be at:

ARC287BC Corporation
232 Union Blvd
Totowa, NJ 070512

The registered agent in charge thereof shall be:
 A Registered Agent,
ACS Financial Services Corporation
232 Union Blvd
Totowa, NJ 07512

Section 2. The corporation may also have offices at such other places as the Board of Directors may from time to time appoint or the business of the corporation may require.

ARTICLE II -- SEAL

Section 1. The corporate seal shall have inscribed thereon the name of the corporation, the year of its organization and the words:  Corporate Seal, State of New Jersey.

 
ARTICLE III -- STOCKHOLDERS' MEETINGS
 
 
Section 1. Meetings of stockholders shall be held at the registered office of the corporation in this state or at such place, either within or without this state, as may be selected from time to time by the Board of Directors.
 
Section 2. Annual Meetings: The annual meeting of the stockholders shall be held on the 3rd Saturday of May in each year if not a legal holiday, and if a legal holiday, then on the next secular day following at 1:00 o'clock P.M., when they shall elect a Board of Directors and transact such other business as may properly be brought before the meeting. If the annual meeting for election of directors is not held on the date designated therefore, the directors shall cause the meeting to be held as soon thereafter as convenient.
 
Section 3. Election of Directors: Elections of the directors of the corporation shall be by written ballot.

Section 4. Special Meetings: Special meetings of the stockholders may be called at any time by the Chairman, or the Board of Directors, or stockholders entitled to cast at least one-quarter of the votes which all stockholders are entitled to cast at the particular meeting.

 
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At any time, upon written request of any person or persons who have duly called a special meeting, it shall be the duty of the Secretary to fix the date of the meeting, to be held not more than sixty days after receipt of the request, and to give due notice thereof. If the Secretary shall neglect or refuse to fix the date of the meeting and give notice thereof, the person or persons calling the meeting may do so. Business transacted at all special meetings shall be confined to the objects stated in the call and matters germane thereto, unless all stockholders entitled to vote are present and consent.  Written notice of a special meeting of stockholders stating the time and place and object thereof, shall be given to each stockholder entitled to vote thereat at least 30 days before such meeting, unless a greater period of notice is required by statute in a particular case.

Section 5. Quorum: A majority of the outstanding shares of the corporation entitled to vote, represented in person or by proxy, shall constitute a quorum at a meeting of stockholders. If less than a majority of the outstanding shares entitled to vote is represented at a meeting, a majority of the shares so represented may adjourn the meeting from time to time without further notice. At such adjourned meeting at which a quorum shall be present or represented, any business may be transacted which might have been transacted at the meeting as originally noticed. The stockholders present at a duly organized meeting may continue to transact business until adjournment, notwithstanding the withdrawal of enough stockholders to leave less than a quorum.

Section 6. Proxies: Each stockholder entitled to vote at a meeting of stockholders or to express consent or dissent to corporate action in writing without a meeting may authorize another person or persons to act for him by proxy, but no such proxy shall be voted or acted upon after three years from its date, unless the proxy provides for a longer period.  A duly executed proxy shall be irrevocable if it states that it is irrevocable and if, and only as long as, it is coupled with an interest sufficient in law to support an irrevocable power. A proxy may be made irrevocable regardless of whether the interest with which it is coupled is an interest in the stock itself or an interest in the corporation generally. All proxies shall be filed with the Secretary of the meeting before being voted upon.

Section 7. Notice of Meetings: Whenever stockholders are required or permitted to take any action at a meeting, a written notice of the meeting shall be given which shall state the place, date and hour of the meeting, and, in the case of a special meeting, the purpose or purposes for which the meeting is called. Unless otherwise provided by law, written notice of any meeting shall be given not less than ten nor more than sixty days before the date of the meeting to each stockholder entitled to vote at such meeting.

Section 8. Consent in Lieu of Meetings: Any action required to be taken at any annual or special meeting of stockholders or a corporation, or any action which may be taken at any annual or special meeting of such stockholders, may be taken without a meeting, without prior notice and without a vote, if a consent in writing, setting forth the action so taken, shall be signed by the holders of outstanding stock having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted.

 
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Prompt notice of the taking of the corporate action without a meeting by less than unanimous written consent shall be given to those stockholders who have not consented in writing.

Section 9.  List of Stockholders: The officer who has charge of the stock ledger of the corporation shall prepare and make, at least ten days before every meeting of stockholders, a complete list of the stockholders entitled to vote at the meeting, arranged in alphabetical order, and showing the address of each stockholder and the number of shares registered in the name of each stockholder. No share of stock upon which any installment is due and unpaid shall be voted at any meeting. The list shall be open to the examination of any stockholder, for any purpose germane to the meeting, during ordinary business hours, for a period of at least ten days prior to the meeting, either at a place within the city where the meeting is to be held, which place shall be specified in the notice of the meeting, or, if not so specified, at the place where the meeting is to be held. The list shall also be produced and kept at the time and place of the meeting during the whole time thereof, and may be inspected by any stockholder who is present.
 
ARTICLE IV - DIRECTORS

Section 1. The business and affairs of this corporation shall be managed by its Board of Directors, Currently one in number, but may expand to seven over the next five years. The directors need not be residents of this state or stockholders in the corporation. They shall be elected by the stockholders at the annual meeting of stockholders of the corporation, and each director shall be elected for the term of ore year, and until his successor shall be elected and shall qualify or until his earlier resignation or removal.

Section 2. Regular Meetings: Regular meetings of the Board shall be held without notice, at least quarterly, at the registered office of the corporation, or at such other time and place as shall be determined by the Board.
 
 
Section 3. Special Meetings: Special Meetings of the Board may be called by the Chairman on 2 days notice to each director, either personally or by mail, fax (866-522-1251) or by telegram; special meetings shall be called by the President or Secretary in like manner and on like notice on the written request of a majority of the directors in office.

Section 4. Quorum: A majority of the total number of directors shall constitute a quorum for the transaction of business.

Section 5. Consent in Lieu of Meeting: Any action required or permitted to be taken at any meeting of the Board of Directors, or of any committee thereof, may be taken without a meeting if all members of the Board of committee, as the case may be, consent thereto in writing, and the writing or writings are filed with the minutes of proceedings of the Board or committee. The Board of Directors may hold its meetings, and have an office or offices, outside of this state.

 
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Section 6. Conference Telephone: One or more directors may participate in a meeting of the Board, or a committee of the Board or of the stockholders, by means of conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other; participation in this manner shall constitute presence in person at such meeting.

Section 7. Compensation Directors as such, shall not receive any stated salary for their services, but by resolution of the Board, a fixed sum and expenses of attendance at each regular or special meeting of the Board PROVIDED, that nothing herein contained shall be construed to preclude any director from serving the corporation in any other capacity and receiving compensation therefore.

Section 8. Removal: Any director or the entire Board of Directors may be removed, with or without cause, by the holders of a majority of the shares then entitled to vote at an election of directors, except that when cumulative voting is permitted, if less than the entire Board is to be removed, no director may be removed without cause if the votes cast against his removal would be sufficient to elect him if then cumulatively voted at an election of the entire Board of Directors, or, if there be classes of directors, at an election of the class of directors of which he is a part.

ARTICLE V - OFFICERS

Section 1. The executive officers of the corporation shall be chosen by the directors and shall be a Chairman, President, Secretary and Chief Financial Officer. The Board of Directors may also choose a one or more Vice Presidents and such other officers as it shall deem necessary. Any number of offices may be held by the same person.

Section 2. Salaries: Salaries of all officers and agents of the corporation shall be fixed by the Board of Directors.

Section 3. Term of Office: The officers of the corporation shall hold office for one year and until their successors are chosen and have qualified. Any officer or agent elected or appointed by the Board may be removed by the Board of Directors whenever in its judgment the best interest of the corporation will be served thereby.

Section 4. Chairman: The Chairman shall preside at all meetings of the stockholders and directors; he shall see that all orders and resolutions of the Board are carried into effect, subject, however, to the right of the directors to delegate any specific powers, except such as may be by statute exclusively conferred on the Chairman, to any other officer or officers of the corporation. He shall execute bonds, mortgages and other contracts requiring a seal, under the seal of the corporation. He shall be EX- OFFICIO a member of all committees.

 
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Section 5. President: The President shall attend all sessions of the Board. The President shall be the chief executive officer of the corporation; he shall have general and active management of the business of the corporation, subject, however, to the right of the directors to delegate any specific powers, except such as may be by statute exclusively conferred on the President, to any other officer or officers of the corporation. He shall have the general power and duties of supervision and management usually vested in the office of President of a corporation.

Section 6. Secretary: The Secretary shall attend all sessions of the Board and all meetings at the stockholders and act as clerk thereof, and record all the votes of the corporation and the minutes of all its transactions in a book to be kept for that purpose, and shall perform like duties for all committees of the Board of Directors when required. He shall give, or cause to be given, notice of all meetings of the stockholders and of the Board of Directors, and shall perform such other duties as may be prescribed by the Board of Directors or President, and under whose supervision he shall be. He shall keep in safe custody the corporate seal of the corporation, and when authorized by the Board, affix the same to any instrument requiring it.

Section 7. Chief Financial Officer: The Chief Financial Officer shall have custody of the corporate funds and securities and shall keep full and accurate accounts of receipts and disbursements in books belonging to the corporation, and shall keep the moneys of the corporation in separate account to the credit of the corporation. He shall disburse the funds of the corporation as may be ordered by the Board, taking proper vouchers for such disbursements, and shall render to the President and directors, at the regular meetings of the Board, or whenever they may require it, an account of all his transactions as Chief Financial Officer and of the financial condition of the corporation.

ARTICLE VI - VACANCIES

Section 1. Any vacancy occurring in any office of the corporation by death, resignation, removal or otherwise, shall be filled by the Board of Directors. Vacancies and newly created directorships resulting from any increase in the authorized number of directors may be filled by a majority of the directors then in office, although not less than a quorum, or by a sole remaining director. If at any time, by reason of death or resignation or other cause, the corporation should have no directors in office, then any officer or any stockholder or an executor, administrator, trustee or guardian of a stockholder, or other fiduciary entrusted with like responsibility for the person or estate of stockholder, may call a special meeting of stockholders in accordance with the provisions of these By- Laws.
 
 
Section 2. Resignations Effective at Future Date: When one or more directors shall resign from the Board, effective at a future date, a majority of the directors then in office, including those who have so resigned, shall have power to fill such vacancy or vacancies, the vote thereon to take effect when such resignation or resignations shall become effective.

 
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ARTICLE VII -- CORPORATE RECORDS

Section 1. Any stockholder of record, in person or by attorney or other agent, shall, upon written demand under oath stating the purpose thereof, have the right during the usual hours for business to inspect for any proper purpose the corporation's stock ledger, a list of its stockholders, and its other books and records, and to make copies or extracts therefrom. A proper purpose shall mean a purpose reasonably related to such person's interest as a stockholder. In every instance where an attorney or other agent shall be the person who seeks the right to inspection, the demand under oath shall be accompanied by a power of attorney or such other writing which authorizes the attorney or other agent to so act on behalf of the stockholder.
 
The demand under oath shall be directed to the corporation at its registered office in this state or at its principal place of business.
 
ARTICLE VIII -- STOCK CERTIFICATES, DIVIDENDS, ETC.

Section 1. The stock certificates of the corporation shall be numbered and registered in the share ledger and transfer books of the corporation as they are issued. They shall bear the corporate seal and shall be signed by the President.
 
Section 2. Transfers: Transfers of shares shall be made on the books of the corporation upon surrender of the certificates therefore, endorsed by the person named in the certificate or by attorney, lawfully constituted in writing. No transfer shall be made which is inconsistent with law.

Section 3. Lost Certificate: The corporation may issue a new certificate of stock in the place of any certificate theretofore signed by it, alleged to have been lost, stolen or destroyed, and the corporation may require the owner of the lost, stolen or destroyed certificate, or his legal representative to give the corporation a bond sufficient to indemnify it against any claim that may be made against it on account of the alleged loss, 'theft or destruction of any such certificate or the issuance of such new certificate.

Section 4. Record Date: In order that the corporation may determine the stockholders entitled to notice of or to vote at any meeting of stockholders or any adjournment thereof, or the express consent to corporate action in writing without a meeting, or entitled to receive payment of any dividend or other distribution or allotment of any rights, or entitled to exercise any rights in respect of any change, conversion or exchange of stock or for the purpose of any other lawful action, the Board of Directors may fix, in advance, a record date, which shall not be more than sixty nor less than ten days before the date of such meeting, nor more than sixty days prior to any other action.

 
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If no record date is fixed:

(a) The record date for determining stockholders entitled to notice of or to vote at a meeting of stock- holders shall be at the close of business on the day next preceding the day on which notice is given,--or if notice is waived, at the close of business on the day next preceding the day on which the meeting is held.

(b) The record date for determining stockholders entitled to express consent to corporate action in writing without a meeting, when no prior action by the Board of Directors is necessary, shall be the day on which the first written consent is expressed.

(c) The record date for determining stockholders for any other purpose shall be at the close of business on the day on which the Board of Directors adopts the resolution relating thereto.

(d) A determination of stockholders of record entitled to notice of or to vote at a meeting of stockholders shall apply to any adjournment of the meeting; provided, however, that the Board of Directors may fix a new record date for the adjourned meeting.

Section 5. Dividends: The Board of Directors may declare and pay dividends upon the outstanding shares of the corporation from time to time and to such extent as they deem advisable, in the manner and upon the terms and conditions provided by the statute and the Certificate of Incorporation.

Section 6. Reserves: Before payment of any dividend there may be set aside out of the net profits of the corporation such sum or sums as the directors, from time to time, in their absolute discretion, think proper as a reserve fund to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the corporation, or for such other purpose as the directors shall think conducive to the interests of the corporation, and the directors may abolish any such reserve in the manner in which it was created.

ARTICLE IX -- MISCELLANEOUS PROVISIONS

Section 1. Checks: All checks or demands for money and notes of the corporation shall be signed by such officer or officers as the Board of Directors may from time to time designate.

Section 2. Fiscal Year: The fiscal year shall begin on the first day of October
.
Section 3. Notice: Whenever written notice is required to be given to any person, it may be given to such person, either personally or by sending a copy thereof through the mail, by fax, or by telegram, charges prepaid, to his address appearing on the books of the corporation, or supplied by him to the corporation for the purpose of notice. If the notice is sent by mail, fax or by telegraph, it shall be deemed to have been given to the person entitled thereto when deposited in the United States mail, faxed or with a telegraph office for transmission to such person. Such notice shall specify the place, day and hour of the meeting and, in the case of a special meeting of stockholders, the general nature of the business to be transacted.

 
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Section 4. Waiver of Notice: Whenever any written notice is required by statute, or by the Certificate or the By-Laws of this corporation a waiver thereof in writing, signed by the person or persons entitled to such notice, whether before or after the time stated therein, shall be deemed equivalent to the giving of such notice. Except in the case of a special meeting of stockholders, neither the business to be transacted at nor the purpose of the meeting need be specified in the waiver of notice of such meeting. Attendance of a person either in person or by proxy, at any meeting shall constitute a waiver of notice of such meeting, except where a person attends a meeting for the express purpose of objecting to the transaction of any business because the meeting was not lawfully called or convened.

Section 5. Disallowed Compensation: Any payments made to an officer or employee of the corporation such as a salary, commission, bonus, interest, rent, travel or entertainment expense incurred by him, which shall be disallowed in whole or in part as a deductible expense by the Internal Revenue Service, shall be reimbursed by such officer or employee to the corporation to the full extent of such disallowance. It shall be the duty of the directors, as a Board, to enforce payment of each such amount disallowed. In lieu of payment by the officer or employee, subject to the determination of the directors, proportionate amounts may be withheld from his future compensation payments until the amount owed to the corporation has been recovered.

Section 6. Resignations: Any director or other officer may resign at anytime, such resignation to be in writing, and to take effect from the time of its receipt by the corporation, unless some time be fixed in the resignation and then from that date. The acceptance of a resignation shall not be required to make it effective.
 
ARTICLE X -- ANNUAL STATEMENT

Section 1. The President and Board of Directors shall present at each annual meeting a full and complete statement of the business and affairs of the corporation for the preceding year. Such statement shall be prepared and presented in whatever manner the Board of Directors shall deem advisable and need not be verified by a certified public accountant.
 
ARTICLE XI - AMENDMENTS

Section 1. These By-Laws may be amended or repealed by the vote of stockholders entitled to cast at least a majority of the votes which all stockholders are entitled to cast thereon, at any regular or special meeting of the stockholders, duly convened after notice to the stockholders of that purpose.

 
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EX1A-13 TST WTRS 7 EX1A-13testwater.htm EX1A-13TESTWATERS certificate of inc

 
 
EX1A-12 OPN CNSL 8 EX1A-12Opncnsl.htm EX1A-12OPNCNSL Unassociated Document

L a w   O f f i c e s   o f   Jaeson Birnbaum   .
 
Jaeson Birnbaum, Esq
 
Attorney & Counselor at Law
New York
228  Park Ave. South, New York, NY 10003
Drct.800-555-4356 Ext. 85

July 11, 2017

Re:           ARC287BC Corporation / Offering Statement on Form 1-A
Opinion Letter - Legality
 
To the Purchasers - Common Stock
 
Ladies and Gentlemen:
 
The Law Offices of Jaeson Birnbaum, Esq. has acted as legal counsel for ARC287BC, a New Jersey corporation (the "Company"), in connection with issuance and potential sale on of shares of the Company's Common Stock (the "Shares") by public offering as registered with Securities Exchange Commission of the United States of America, the Securities Act of 1933 - Small Businesses, as amended, and Regulation A (17 CFR 230.251 et seq.) This Opinion Letter is delivered pursuant the requirements of Regulation A (17 CFR 230.251 et seq.).
 
A. Documents Examined:
 
We have examined the following documents (the "Documents"):
 
i.  
 i. the Certificate of Incorporation of the Company, as amended to date, certified by the New Jersey Secretary of State as of July 11, 2017 and certified to us by the principal officer of the Company, as being complete and in full force and effect as of the date of this opinion letter;
 
ii.  
 the Bylaws of the Company, certified to us by the officer of the Company as being complete and in full force and effect as of the date of this opinion letter;
 
iii.  
Chief Executive Officer Employment Agreement, certified to us by the officer of the Company as being complete and in full force and effect as of the date of this opinion letter;
 
iv.  
Patents, certified to us by the officer of the Company as being complete and in full force and effect as of the date of this opinion letter;
 
v.  
Board of Directors Resolutions Approving Employment, certified to us by the officer of the Company as being complete and in full force and effect as of the date of this opinion letter;
 
vi.  
ARC287BC Shareholder Resolutions, certified to us by the officer of the Company as being complete and in full force and effect as of the date of this opinion letter; and
 
vii.  
 a Good Standing Certificate with respect to the Company, issued by the New Jersey Secretary of State on July 11, 2017;
 
 
 
Page 1 of 4

 
 
B. Certain Assumptions:
 
We have assumed, for purposes of the opinions set forth below, that:
 
 
(a) The information provided by the Company pursuant to Regulation A (17 CFR 230.251 et seq.).  in connection with the offer and sale of the Shares is accurate and complete;
 
 
(b) The Company's representations to us that the Company and its agents have made no offer to sell the Shares by means of any general solicitation or in connection with the publication of any advertisement relating to such an offer, and no offer or sale of the Shares has been made or will be made in any where such offer or sale would be contrary to applicable law are accurate and complete;
 
 
(c) The representations and warranties made by the Company and all prior purchasers of the Company's securities given in connection with the sale of such securities are accurate and complete;
 
 
(d) The Company is not disqualified from relying on the exemption from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), and provided by Regulation A (17 CFR 230.251 et seq.)
 
 
 
C. Opinion:
 
Based on the foregoing, and subject to the qualifications set forth in Section E ("Certain Qualifications") below, we are of the opinion that:
 
 
1. The Company is a corporation validly existing and in good standing under the laws of the State of New Jersey, and he Company is eligible to transact business in its headquarters State of New Jersey and any other state of the United States of America.
 
 
2. The Company has the corporate power to enter into and perform its obligations under each of the Documents.
 
 
3. The Company's authorized capitalization consists of (a) 1,000,000,000 shares of Common Stock.
 
 
4. The 50,000,000 Shares to be issued by public sale shall be:
 
 
    i. legally and validly issued,
    ii. fully paid for in the normal course business, and  iii. non-assessable.
 
 
5. The sale and issuance of the Shares by the Company by public sale, shall NOT:
 
 
i.  violate the Certificate of Incorporation;
 
 
ii. Company Bylaws;
 
 
6. The sale and issuance of Shares will NOT result in a breach of or constitute a default by the Company under any internal agreements, but excluding (i) financial covenants and similar provisions therein requiring financial calculations or determinations to ascertain compliance or (ii) provisions relating to the occurrence of a "material adverse event" or "material adverse change" or words or concepts to similar effect;
 
 
 
Page 2 of 4

 
 
 
 
7.  The sale and issuance of Shares will NOT violate any judgment, order or decree applicable to the Company of any court or arbitrator within the jurisdiction of the Securities Exchange Commission of the United States of America or
 
 
8. Based on, and assuming the accuracy of, the representations of each of the principal officer, and Board of Director the Shares and the examined documents the proposed Shares qualify for exemption status pursuant to the Securities Act of 1933 - Small Businesses, as amended, and Regulation A (17 CFR 230.251 et seq.).
 
D. Confirmation:
 
We are not representing the Company in any action or proceeding that is pending, or overtly threatened in writing by a potential claimant, that seeks to enjoin the transaction or challenge the validity of the issuance of Company Shares.
 
E. Certain Qualifications:
 
Our opinions are limited to the federal law of the United States, and the New Jersey General Corporation Law but in each case only to laws that in our experience are typically applicable to transactions of the type exemplified the Securities Act of 1933 - Small Businesses, as amended, and Regulation A (17 CFR 230.251 et seq.). We express no opinion with respect to compliance with any law, rule or regulation that as a matter of customary practice is understood to be covered only when an opinion refers to it expressly. Without limiting the generality of the foregoing and except as specifically stated herein, we express no opinion on local or municipal law, antitrust, unfair competition, environmental, land use, antifraud, tax, pension, labor, employee benefit, health care, margin, privacy, insolvency, fraudulent transfer, antiterrorism, money laundering, racketeering, criminal and civil forfeiture, foreign corrupt practices, foreign asset or trading controls, or investment company laws. We express no opinion on any securities laws except as expressly stated in Section C ("Opinions"). The law covered by this opinion letter is referred to herein as the "Covered Law."
 
Our opinions are subject to the following additional qualifications:
 
 
1. Our opinions are subject to (a) bankruptcy, insolvency, reorganization, arrangement, moratorium and other similar laws of general applicability relating to or affecting creditors' rights generally; and (b) general principles of equity, including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing, regardless of whether considered in a proceeding in equity or at law.
 
 
2. Where a statement is qualified by "to our knowledge" or any similar phrase, that knowledge is limited to the actual knowledge of lawyers currently in this firm who have been involved in representing the Company  the issuance Shares pursuant to the Securities Act of 1933 - Small Businesses, as amended, and Regulation A (17 CFR 230.251 et seq.). Except as otherwise expressly indicated, we have not undertaken any independent investigation to determine the accuracy of any such statement, and no inference as to our knowledge of any matters bearing on the accuracy of any such statement should be drawn from the fact of our representation of the Company.
 
 
3. We advise you that, on statutory or public policy grounds, waivers or limitations of the following may not be enforced: (i) broadly or vaguely stated rights, (ii) the benefits of statutory, regulatory or constitutional rights, (iii) unknown future defenses, and (iv) rights to one or more types of damages.
 
 
 
Page 3 of 4

 
 
 
 
4 The opinions above relating to the fully paid status of all of the issued shares of capital stock of the Company are based, without independent verification, on the representation in the principal Officer to the effect that the Company has received the consideration in the amount and form approved by the Company's Board of Directors prior to the issuance of each outstanding share of capital stock of the Company.
 
 
5. With respect to the equity capitalization opinion set forth in Section C ("Opinions"),  please note that we do not maintain any of the Company's stock records. Such records are maintained by the Company and we do not have any control over the procedures used by the Company for issuing and transferring shares of the Company's capital stock. Accordingly, in giving the equity capitalization opinion, we have relied without further investigation on:
 
 
(a) the Certificate of Incorporation,
 
 
(b) the Bylaws,
 
 
(c) resolutions Board of Directors, and stockholders of the Company delivered to us by the Company for the purposes of giving this opinion, and
 
 
(d) our review of the stock records of the Company maintained by the Company.
 
 
We have not undertaken to verify the accuracy and completeness of that information other than by reviewing the documents. Accordingly, our opinion on the number and character of issued and outstanding securities means that, based upon the examination referred to above, the Capitalization Records are consistent with the information as to the number and character of outstanding securities that is set forth in Section C ("Opinions").
 
 
6. We express no opinion as to whether the members of the Company's Board of Directors or officers have complied with their fiduciary duties in connection with (a) the fiduciary duties of majority stockholders, or (b) the rights of minority stockholders with respect to issuance of Shares.
 
This Opinion Letter may be relied on solely by potential purchasers of shares for use in evaluating the legality of the Shares by ARC287BC Corporation, a New Jersey corporation.  This Opinion Letter may not be relied on by any other party or for any other purpose without our prior written consent.
 
Very truly yours,
 
Law Office of Jaeson Birnbaum
 
Sincerely,

/s/ Jaeson Birnbaum, Esq.               
Jaeson Birnbaum

 
Page 4 of 4

 
EX1A-6 MAT CTRCT 9 Ex1A-6aemplwxb.htm EX1A-6AWXBEMP Unassociated Document
EXECUTIVE EMPLOYMENT AGREEMENT
 
Chief Executive Officer
 
This EXECUTIVE EMPLOYMENT AGREEMENT ("Agreement") made and entered into this 1st day of January 2015, by and between Arc287BC, a New Jersey corporation with principal offices located at 232 Union Boulevard, Totowa NJ 07512 ("Arc287bc" or "Company"); and Wilson Bezerra, an individual, with principle offices located at 232 Union Boulevard, Totowa, NJ, 07512 ("Bezerra"). ARC28BC and Bezerra shall be referred to individually as a "Party" and collectively as the "Parties."
 
WHEREAS, ARC287BC is a New Jersey corporation. Our Arc287bc corporation is an American company dedicated to the invention and production of patented high quality Archimedes bicycles and other products like the Canoe and the Paddleboat; especially designed for the paraplegic and the quadriplegic individuals providing safety and freedom to all those that use our products. Our mission is to free all individuals including the physically challenged from bondage and enable them to live an enriching life.
 
WHEREAS, Bezerra is an individual with the experience and skills needed to administer and manage ARC287BC as well as the general experience needed to manage its operations, production and personnel;
 
WHEREAS, the board of directors of ARC287BC has determined and resolved that it is in the best interest of the Company to retain the services of Bezerra as Chief Executive Officer and Chairman of the Board of Directors, with all the requisite rights, duties and obligations of those position;
 
NOW, THEREFORE, in consideration of the mutual covenants, representations, warranties and agreements contained in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the Parties agree as follows:
 
1.0  
Duties & Responsibilities
 
1.1  
Duties of Chief Executive Officer. ARC 287BC will employ Bezerra as its Chief Executive Officer (from now referred to as CEO) during the Term of this Agreement. Bezerra shall perform his duties and responsibilities as CEO within the framework of the vision, mission, and core values of ARC 287BC, as well as the Articles of incorporation and Bylaws, of ARC287BC. In such capacity, Bezerra shall exercise general supervisory responsibility and management authority over ARC 287BC and shall perform such other duties commensurate with his position as may reasonably be assigned to him from time to time by ARC 287BC Board of Directors. As part of his duties, Bezerra shall also attend those educational, academic or philanthropic conferences related to ARC287BC that Bezerra or the Board of Directors determine are beneficial and appropriate. Bezerra shall be responsible for the hiring and discharge of all ARC287BC personnel and contractors, either directly or through his designees. Bezerra shall also have the right and authority to contract and make other commitments on behalf of AR287BC consistent with its goals, missions, and the confines of Arc budget. Without limiting the foregoing, Bezerra duties include but are not limited to:
 
1.1.1  
Communicating the vision, mission and core values of ARC287BC to the staff, to the community, to contributors, to governmental entities and to the public at large;
 
1.1.2  
Acting as a positive force in the community consistent with the vision, mission and core values of ARC287BC;
 
1.1.3  
Working with the Chairman of the Board to establish ARC287BC Board of Directors' meeting agendas;
 
1.1.4  
Providing advice and counsel to ARC287BC Board of Directors and its Committees;
 
1.1.5  
Recruiting and managing the key (i.e., top) employees;
 
1.1.6  
Orienting and training new and established employees;
 
1.1.7  
Developing and evaluating Board of Director and key employees; and
 
1.1.8  
Serving as ARC287BC spokesperson with the media.
 
1.2  
Conflicts of Interest. Bezerra shall avoid conflicts, potential or real, between his own personal and financial interests and that of ARC287BC, and shall comply with ARC287BC conflict of interest policy as adopted and revised by the Board of Directors from time to time. In general, Bezerra shall be free to engage in independent consulting relationship and pursue personal business activities unrelated to his duties at ARC287BC to the extent consistent with the conflict of interest policy and with the approval of the Board.
 
2.0  
Consideration. In Consideration for Bezerra's agreement to perform his duties as CEO in accordance with Article 1 of this Agreement, ARC287BC agrees as follows:
 

Executive Employment Agreement - Page 1

 
 

 

 
2.1
Common Stock. ARC287BC agrees to issue to Bezerra 150 million shares of common stock in the Company (the Stock). ARC287BC shall issue the Stock certificates concurrent with the execution of this agreement. Bezerra shall maintain at least a minimum fifty percent controlling interest in ARC 287BC, even in the event that ARC 287BC issues new shares of any type of stock.

 
2.2
Salary. ARC 287BC agrees to pay to Bezerra a salary in the amount of $ 150,000.00 per year until such time as the Board of Directors determines future compensation based on Bezerra' performance or other merit-based criteria.
 
 
2.3
Chairman of the Board of Directors. ARC 287BC agrees to appoint Bezerra as Chairman of the Board of Directors of ARC 287BC, with all requisite rights, duties and obligations of that position.
 
3.0  
Term of Employment. Bezerra's Term of Employment pursuant to this Agreement shall commence upon execution of this Agreement and shall continue for a period of 3 (three) years therefrom. Thereafter, the Term of Employment shall automatically renew for successive periods of three (3) years each.
 
3.1  
The Board of Directors may only terminate Bezerra' employment with the Company for cause. In the event Bezerra is terminated for Cause, the Company shall have no obligation, except as otherwise required by law, to (a) pay a salary to Bezerra in accordance with the provisions of Section 2.2, except for the Bezerra' then applicable salary accrued through the date of such termination; and (b) provide any further benefits for the period following Bezerra' termination for cause.  "Cause" shall be defined as:
 
3.1.1  
Any act or omission that constitutes a material breach by Bezerra of any of his obligations under this Agreement;  
 
3.1.2  
The willful and continued failure or refusal of Bezerra to satisfactorily perform the duties reasonably required of him as an employee of the Company;
 
3.1.3  
Bezerra' conviction of, or plea of nolo contendere to any felony or any crime involving dishonesty or moral turpitude or any other crime that could reflect negatively upon the Company or otherwise impair or impede its operations;
 
3.1.4  
Bezerra' engaging in any misconduct, negligence, act of dishonesty (including, without limitation, theft or embezzlement), or any activity that could result in any violation of federal securities laws, in each case, that is injurious to the Company or any of its Affiliates;  
 
3.1.5  
Bezerra' material breach of a written policy of the Company or the rules of any governmental or regulatory body applicable to the Company;
 
3.1.6  
Bezerra' refusal to follow the directions of the Board, unless such directions are, in the reasonable written opinion of legal counsel, illegal or in violation of applicable law;  
 
3.1.7  
Any other willful misconduct by Bezerra that is materially injurious to the financial condition or business reputation of the Company or any of its Affiliates; or  
 
3.1.8  
Bezerra' breach of his obligations under Section 1.1 of this Agreement.
 
3.2  
Resignation by Bezerra. Bezerra may resign his employment with the Company upon 60 - (sixty) month written notice to the Board, and his date of resignation shall be considered the date on which he is no longer employed, not the date on which he gives written notice. Bezerra shall only be entitled to receive: (a) his salary and bonuses in accordance with Section 2.2 that has accrued up to the date of resignation; and (b) any and all benefits accrued up to the date of resignation. Bezerra shall have no further rights under this Agreement or otherwise be entitled to receive any other compensation or benefits after the date of resignation.
 
3.3  
Termination without Cause. In the event that the Company terminates Bezerra' employment without Cause, as defined in Section 3.1, Bezerra shall be entitled to receive: (a) his salary and bonuses in accordance with Section 2.2 for a period of 10 (ten) years following the date of the termination without Cause; and (b) any and all benefits for which he is entitled for a period of 5 (five) years following the date of the termination without Cause. Bezerra shall have no further rights under this Agreement or otherwise be entitled to receive any other compensation or benefits after such termination.  
 

Executive Employment Agreement - Page 2

 
 

 

3.4  
Constructive Termination. In the event that Bezerra is constructively terminated, Bezerra shall be entitled to receive: (a) his salary and bonuses in accordance with Section 2.2 for a period of 5 (five) years following the date of the termination without Cause; and (b) any and all benefits for which he is entitled for a period of 5 (five) years following the date of the termination without Cause. Bezerra shall have no further rights under this Agreement or otherwise be entitled to receive any other compensation or benefits after such termination
 
3.5  
Termination by Mutual Agreement. In the event that the Parties mutually agree to terminate the employment of Bezerra, regardless of the reason or reasons, Bezerra shall be entitled to receive: (a) his salary and bonuses in accordance with Section 2.2 for a period of 3 (three) years following the date of the termination by mutual agreement; and (b) any and all benefits for which he is entitled for a period of 3 (three) years following the date of the termination by mutual agreement. Bezerra shall have no further rights under this Agreement or otherwise be entitled to receive any other compensation or benefits after such termination.
 
3.6  
Disability. In the event that Bezerra is forced to resign due to disability, regardless of cause unless as a result of an intentional self-inflicted injury, Bezerra shall be entitled to receive: (a) his salary and bonuses in accordance with Section 2.2 for a period of 3 (three) years following the date of the termination due to disability; and (c) any and all benefits for a period of 3 (three) years following the date of the termination due to disability. Bezerra shall have no further rights under this Agreement or otherwise be entitled to receive any other compensation or benefits after such termination.
 
3.6.1  
Self-Inflicted Disability. If such disability is as a result of any intentional self-inflicted injury, such termination shall be considered a resignation as of the date of the disability, and Bezerra shall only be entitled to the benefits provided as a result of resignation in accordance with Section 3.2.
 
3.7  
Death. In the event of the death of Bezerra, for any reason other than suicide, Bezerra' next of kin shall be entitled to receive: (a) his salary and bonuses in accordance with Section 2.2 for a period of 3 (three) years following the date of his death; and (b) any and all benefits for a period of 3 (three) years following the date of his death.
 
3.7.1  
Suicide. In the event that Bezerra' death is a result of suicide, such death shall be considered a resignation as of the date of death, and Bezerra' next of kin shall only be entitled to the benefits provided as a result of resignation in accordance with Section 3.2
 
3.8  
Next of Kin. Bezerra shall designate his next of kin at any time during his employment with the Company, or in the alternative, designate a trust or other entity to receive his salary and benefits in the event of his death.
 
4.0  
Confidentiality.
 
4.1  
Confidential Information. During the performance of their duties and obligations under this Agreement, the Parties will become privileged to certain information that is classified as "Confidential Information," including, but not limited to the terms and conditions of this Agreement; personal information regarding the Parties; and any other information that the Parties shall deem to be Confidential Information. Any Party may deem any information as Confidential Information and do not require approval or authorization from the other Party for the information to be deemed Confidential Information. Confidential Information shall not include the following:
 
4.1.1  
Information that is or becomes publicly available other than as a result of a violation of this Agreement; or
 
4.1.2  
Information that is or becomes available on a non-confidential basis from a source that Party is not aware to be prohibited from disclosing such information pursuant to a legal, contractual or fiduciary obligation; or
 
4.1.3  
Information that the Party can demonstrate was legally in the possession of a third party prior to disclosure by Party to that third party.
 
4.2  
Non-Disclosure of Confidential Information. Except as may be required by law, the Parties shall not disclose any Confidential Information to any third party without the express, written consent of the other Party. Each Party shall require all its owners, directors, managers, employees, key personnel, agents, representatives, affiliates, consultants, advisors, attorneys, accountants, contractors, and any other individual affiliated with that Party to be bound by the provisions of this Article.
 

Executive Employment Agreement - Page 3

 
 

 

4.3  
Exemptions. Either Party may disclose the terms of this Agreement to its outside auditors, accountants, and attorneys, only to the extent necessary to permit the performance of the necessary or required tax, accounting, financial, legal, or tasks and services.
 
4.4  
Remedies. Should any Party disclose any Confidential Information, the other Party shall be entitled to injunctive relief preventing further disclosure of Confidential Information, in addition to any other remedies, monetary or otherwise, available hereunder, whether at law or in equity. Any Party who sustains any damages, as the result of the other Party's unauthorized disclosure of the Confidential Information shall be entitled to recover its costs and fees, including reasonable attorneys' fees incurred in obtaining any such relief; and, in the event of litigation as a result of damages resulting from the unauthorized disclosure of Confidential Information, the prevailing party shall be entitled to recover its court costs, expert fees, reasonable attorney's fees and expenses.
 
5.0  
General Considerations
 
5.1  
Authority to Enter into this Agreement. It is acknowledged that the Parties hereto confirm that they have the authority to enter into this Agreement and none are bound by any previous agreement that adversely affects this agreement.
 
5.2  
Additional Documentation. The Parties agree to provide any additional documents, and execute as required by this Agreement to continue its full effect and performance.
 
5.3  
Limitations. The Parties hereto agree that nothing herein shall be construed as involving any Party in the business of the other and that this Agreement is limited solely for the accomplishment of the business purposes outlined within this Agreement.
 
5.4  
Assignment. Bezerra reserves the right to assign his rights under paragraph 2.1 of this Agreement to any party, provided that no conflict of interest exists; however, neither party shall assign any other rights, duties or obligations under this Agreement to any third party unless prior written consent is obtained from the other party hereto.
 
5.5  
Binding Effect. This Agreement shall be fully and completely binding upon any owner, manager, director, employee, key personnel, representative, affiliate, advisor, contractor, successor and/or assign of the Parties.
 
5.6  
Counterparts. This Agreement may be signed in any number of counterparts, each of which shall be considered as an original, but all of which, when taken together, shall constitute a single complete agreement. It shall not be required that any single counterpart hereof be signed by all parties, so long as each party signs any counterpart hereof.
 
5.7  
Acceptance: All Parties hereto specifically agree to accept a signed copy of this document, delivered by e-mail, with electronic signatures, as though it were the original. All Parties shall deem the electronic signatures affixed hereto valid and fully effective hereto.
 
5.8  
Force Majeure: No Party shall be liable for any failure to perform its obligations in connection with any action described in this Agreement, if each failure results from any acts of God, war, civil unrest or other causes beyond any Party's reasonable control, but excluding failure caused by the Party's financial negligence or failure to follow through with needed and agreed to documentation to complete the effect of this Agreement.
 
5.9  
Binding Arbitration: In the event a dispute arises, each Party agrees, relevant to any claim, to waive their rights to litigate in a court of law or equity, or to a jury trial, but rather agree their exclusive remedy is Binding Arbitration. Each Party shall bear their own costs of arbitration, but the prevailing Party shall be entitled to reimbursement of all costs, fees, and expenses (i.e. all reasonable pre- and post-award expenses of the arbitration fees for representation, travel, and out-of-pocket expenses).
 
5.10  
Governing Law. This Agreement shall be governed by, and construed in accordance with the laws of the State of New Jersey, without regard to its conflict of laws provisions. The Parties agree that any legal action or proceeding by or against any Party or with respect to or arising out of this Agreement may be brought in or removed to the courts of the State of New Jersey, in and for the County of Los Angeles, or of the United States of America for the District of New Jersey.
 
5.11  
Claims and Litigation. There are no lawsuits, threats of litigation, claims, or other demands affecting or involving any Party, whether known or unknown, arising or accruing before the date of this Agreement, that may become a liability or obligation of any other Party or adversely affect the this transaction.
 

Executive Employment Agreement - Page 4

 
 

 

5.12  
Headings. The headings in this Agreement are included for convenience only and shall neither effect the construction or interpretation of any provision in this Agreement nor affect any of the rights or obligations of the parties to this Agreement.
 
6.0  
Entire Agreement. This Agreement contains the entire agreement among the Parties and no statements, promises, or inducements made by any Party or agent of any Party that are not contained in this Agreement shall be valid or binding unless agreed upon by all Parties. This Agreement may not be enlarged, modified, or altered except in writing signed by all Parties and endorsed on this Agreement or future agreements or memorandums.
 
7.0  
Notices. All notices or other communications shall be in writing and shall be personally delivered, or, if mailed, sent to the following relevant address or to such other address as the recipient party may have indicated to the sending party in writing:
 
If to ARC287BC:            ARC287BC Corporation
        232 Union Boulevard, Boulevard,
        Totowa, NJ, 07512

If to Bezerra:           Wilson X. Bezerra
232 Union Boulevard,
Totowa, NJ, 07512

Any such notice shall be deemed given as of the date as personally delivered, sent by fax or e-mail, or mailed, if mailed by certified or registered mail, return receipt requested, or sent by Fed Ex, overnight mail, or a similar service. If otherwise mailed, the notice shall be deemed given as of the earlier of the fourth business day after mailing or actual receipt.
 
IN WITNESS, the parties have executed this Agreement as of the day and year first written above:

ARC287BC Corporation                                                                      Wilson X. Bezerra

Date: January 1, 2015                                                                               Date: January 1, 2015



By: /s/ Wilson X. Bezerra                                                      By: /s/ Wilson X. Bezerra         
Chairman of the Board                                                                 Wilson X. Bezerra
On behalf of                                                                          As An Individual
ARC287BC Corporation




Executive Employment Agreement - Page 5

 
 

 

EX1A-6 MAT CTRCT 10 Ex1D-6demployEO.htm EX1D-6DEOOEMP Unassociated Document
EXECUTIVE EMPLOYMENT AGREEMENT
 
Senior Project Engineer
 
This EXECUTIVE EMPLOYMENT AGREEMENT ("Agreement") made and entered into this 11 day of July 2017, by and between Arc287BC, a New Jersey corporation with principal offices located at 232 Union Boulevard, Totowa NJ 07512 ("Arc287bc" or "Company"); and Okogu Nnamdi Emmanuel, an individual located at 28, Edenwoko Street, Achara Layout Enugu State , 400106 Nigeria ("Okogu"). ARC28BC and Okogu shall be referred to individually as a "Party" and collectively as the "Parties."
 
WHEREAS, ARC287BC is a New Jersey corporation, in the business of bicycles or other products.
 
WHEREAS, Okogu is an individual with the experience and skills needed to administer and manage the programming, control and execution of the product manufacturing process.
 
WHEREAS, the board of directors of ARC287BC has determined and resolved that it is in the best interest of the Company to retain the services of Okogu as Senior Project Engineer with all the requisite rights, duties and obligations of those position;
 
NOW, THEREFORE, in consideration of the mutual covenants, representations, warranties and agreements contained in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the Parties agree as follows:
 
1.0  
Duties & Responsibilities
 
1.1  
Duties of Engineer. ARC287BC will employ Okogu as its Senior Project Engineer (from now referred to as Engineer) during the Term of this Agreement. Okogu shall perform his duties and responsibilities as Engineer within the framework of the vision, mission, and core values of ARC 287BC, as well as the Articles of incorporation and Bylaws, of ARC287BC. In such capacity, Okogu shall exercise general supervisory responsibility and management over his responsibilities in ARC 287BC and shall perform such other duties commensurate with his position as may reasonably be assigned to him from time to time by ARC287BC Board of Directors. As part of his duties, Okogu shall also attend those educational, academic or philanthropic conferences related to ARC 287BC that the CEO or the Board of Directors determine are beneficial and appropriate. Okogu shall be responsible for the consecution of new partners in the Countries designated to him and make the negotiations fair and with a perfect environment that help the company to accomplish its growing plans. Okogu shall also have the right to participate in the decision-making process on behalf of ARC287BC consistent with its goals, missions, and the confines of ARC budget. Without limiting the foregoing, Okogu duties include but are not limited to:
 
1.1.1  
Communicating the vision, mission and core values of ARC287BC to the potential partners, to the community, to contributors, to governmental entities and to the public at large;
 
1.1.2  
Acting as a positive force in the community consistent with the vision, mission and core values of ARC287BC;
 
1.1.3  
Working with the CEO to establish ARC287BC Board of Directors' meeting agendas;
 
1.1.4  
Providing advice and counsel to ARC287BC Board of Directors and its Committees
 
1.1.5  
Orienting and training the new sales force;
 
1.2  
Conflicts of Interest. Okogu shall avoid conflicts, potential or real, between his own personal and financial interests and that of ARC 287BC, and shall comply with ARC 287BC conflict of interest policy as adopted and revised by the Board of Directors from time to time. In general, Okogu shall be free to engage in independent consulting relationship and pursue personal business activities unrelated to his duties at ARC287BC to the extent consistent with the conflict of interest policy and with the approval of the Board
 
2.0  
Consideration. In Consideration for Okogu's agreement to perform his duties as CEO in accordance with Article 1 of this Agreement, ARC287BC agrees as follows:
 

Executive Employment Agreement - Page 1

 
 

 

 
2.1
Common Stock. ARC287BC agrees to issue to Okogu NO shares of common stock in the Company (the Stock). ARC287BC shall issue NO Stock certificates concurrent with the execution of this agreement;

 
2.2
Salary. ARC287BC agrees to pay to Okogu a salary in the amount of $ 91,770.00 per year until such time as the Board of Directors determines future compensation based on Okogu' performance or other merit-based criteria.
 
 
3.0  
Term of Employment. Okogu' Term of Employment pursuant to this Agreement shall commence upon execution of this Agreement and shall continue for a period of 1 (one) year therefrom. Thereafter, the Term of Employment shall automatically renew for successive periods of one (1) year each.
 
3.1  
Termination for Cause. The Board of Directors may only terminate Okogu' employment with the Company for cause. In the event Okogu is terminated for Cause, the Company shall have no obligation, except as otherwise required by law, to (a) pay a salary to Okogu in accordance with the provisions of Section 2.2, except for the Okogu' then applicable salary accrued through the date of such termination; and (b) provide any further benefits for the period following Okogu' termination for cause. "Cause" shall be defined as:
 
3.1.1  
Any act or omission that constitutes a material breach by Okogu of any of his obligations under this Agreement;  
 
3.1.2  
The willful and continued failure or refusal of Okogu to satisfactorily perform the duties reasonably required of him as an employee of the Company;
 
3.1.3  
Okogu' conviction of, or plea of nolo contendere to any felony or any crime involving dishonesty or moral turpitude or any other crime that could reflect negatively upon the Company or otherwise impair or impede its operations;
 
3.1.4  
Okogu' engaging in any misconduct, negligence, act of dishonesty (including, without limitation, theft or embezzlement), or any activity that could result in any violation of federal securities laws, in each case, that is injurious to the Company or any of its Affiliates;  
 
3.1.5  
Okogu' material breach of a written policy of the Company or the rules of any governmental or regulatory body applicable to the Company;
 
3.1.6  
Okogu' refusal to follow the directions of the Board, unless such directions are, in the reasonable written opinion of legal counsel, illegal or in violation of applicable law;  
 
3.1.7  
Any other willful misconduct by Okogu that is materially injurious to the financial condition or business reputation of the Company or any of its Affiliates; or  
 
3.1.8  
Okogu' breach of his obligations under Section 1.1 of this Agreement.
 
3.2  
Resignation by Okogu. Okogu may resign his employment with the Company upon 60 - (sixty) month written notice to the Board, and his date of resignation shall be considered the date on which he is no longer employed, not the date on which he gives written notice. Okogu shall only be entitled to receive: (a) his salary and bonuses in accordance with Section 2.2 that has accrued up to the date of resignation; and (b) any and all benefits accrued up to the date of resignation. Okogu shall have no further rights under this Agreement or otherwise be entitled to receive any other compensation or benefits after the date of resignation.
 
3.3  
Termination without Cause. In the event that the Company terminates Okogu' employment without Cause, as defined in Section 3.1, Okogu shall be entitled to receive: (a) his salary and bonuses in accordance with Section 2.2 for a period of 10 (ten) years following the date of the termination without Cause; and (b) any and all benefits for which he is entitled for a period of 5 (five) years following the date of the termination without Cause. Okogu shall have no further rights under this Agreement or otherwise be entitled to receive any other compensation or benefits after such termination.  
 

Executive Employment Agreement - Page 2

 
 

 

3.4  
Constructive Termination. In the event that Okogu is constructively terminated, Okogu shall be entitled to receive: (a) his salary and bonuses in accordance with Section 2.2 for a period of 5 (five) years following the date of the termination without Cause; and (b) any and all benefits for which he is entitled for a period of 5 (five) years following the date of the termination without Cause. Okogu shall have no further rights under this Agreement or otherwise be entitled to receive any other compensation or benefits after such termination
 
3.5  
Termination by Mutual Agreement. In the event that the Parties mutually agree to terminate the employment of Okogu, regardless of the reason or reasons, Okogu shall be entitled to receive: (a) his salary and bonuses in accordance with Section 2.2 for a period of 3 (three) years following the date of the termination by mutual agreement; and (b) any and all benefits for which he is entitled for a period of 3 (three) years following the date of the termination by mutual agreement. Okogu shall have no further rights under this Agreement or otherwise be entitled to receive any other compensation or benefits after such termination.
 
3.6  
Disability. In the event that Okogu is forced to resign due to disability, regardless of cause unless as a result of an intentional self-inflicted injury, Okogu shall be entitled to receive: (a) his salary and bonuses in accordance with Section 2.2 for a period of 3 (three) years following the date of the termination due to disability; and (c) any and all benefits for a period of 3 (three) years following the date of the termination due to disability. Okogu shall have no further rights under this Agreement or otherwise be entitled to receive any other compensation or benefits after such termination.
 
3.6.1  
Self-Inflicted Disability. If such disability is as a result of any intentional self-inflicted injury, such termination shall be considered a resignation as of the date of the disability, and Okogu shall only be entitled to the benefits provided as a result of resignation in accordance with Section 3.2.
 
3.7  
Death. In the event of the death of Okogu, for any reason other than suicide, Okogu' next of kin shall be entitled to receive: (a) his salary and bonuses in accordance with Section 2.2 for a period of 3 (three) years following the date of his death; and (b) any and all benefits for a period of 3 (three) years following the date of his death.
 
3.7.1  
Suicide. In the event that Okogu' death is a result of suicide, such death shall be considered a resignation as of the date of death, and Okogu' next of kin shall only be entitled to the benefits provided as a result of resignation in accordance with Section 3.2
 
3.8  
Next of Kin. Okogu shall designate his next of kin at any time during his employment with the Company, or in the alternative, designate a trust or other entity to receive his salary and benefits in the event of his death.
 
4.0  
Confidentiality.
 
4.1  
Confidential Information. During the performance of their duties and obligations under this Agreement, the Parties will become privileged to certain information that is classified as "Confidential Information," including, but not limited to the terms and conditions of this Agreement; personal information regarding the Parties; and any other information that the Parties shall deem to be Confidential Information. Any Party may deem any information as Confidential Information and do not require approval or authorization from the other Party for the information to be deemed Confidential Information. Confidential Information shall not include the following:
 
4.1.1  
Information that is or becomes publicly available other than as a result of a violation of this Agreement; or
 
4.1.2  
Information that is or becomes available on a non-confidential basis from a source that Party is not aware to be prohibited from disclosing such information pursuant to a legal, contractual or fiduciary obligation; or
 
4.1.3  
Information that the Party can demonstrate was legally in the possession of a third party prior to disclosure by Party to that third party.
 
4.2  
Non-Disclosure of Confidential Information. Except as may be required by law, the Parties shall not disclose any Confidential Information to any third party without the express, written consent of the other Party. Each Party shall require all its owners, directors, managers, employees, key personnel, agents, representatives, affiliates, consultants, advisors, attorneys, accountants, contractors, and any other individual affiliated with that Party to be bound by the provisions of this Article.
 

Executive Employment Agreement - Page 3

 
 

 

4.3  
Exemptions. Either Party may disclose the terms of this Agreement to its outside auditors, accountants, and attorneys, only to the extent necessary to permit the performance of the necessary or required tax, accounting, financial, legal, or tasks and services.
 
4.4  
Remedies. Should any Party disclose any Confidential Information, the other Party shall be entitled to injunctive relief preventing further disclosure of Confidential Information, in addition to any other remedies, monetary or otherwise, available hereunder, whether at law or in equity. Any Party who sustains any damages, as the result of the other Party's unauthorized disclosure of the Confidential Information shall be entitled to recover its costs and fees, including reasonable attorneys' fees incurred in obtaining any such relief; and, in the event of litigation as a result of damages resulting from the unauthorized disclosure of Confidential Information, the prevailing party shall be entitled to recover its court costs, expert fees, reasonable attorney's fees and expenses.
 
5.0  
General Considerations
 
5.1  
Authority to Enter into this Agreement. It is acknowledged that the Parties hereto confirm that they have the authority to enter into this Agreement and none are bound by any previous agreement that adversely affects this agreement.
 
5.2  
Additional Documentation. The Parties agree to provide any additional documents, and execute as required by this Agreement to continue its full effect and performance.
 
5.3  
Limitations. The Parties hereto agree that nothing herein shall be construed as involving any Party in the business of the other and that this Agreement is limited solely for the accomplishment of the business purposes outlined within this Agreement.
 
5.4  
Assignment. Okogu reserves the right to assign his rights under paragraph 2.1 of this Agreement to any party, provided that no conflict of interest exists; however, neither party shall assign any other rights, duties or obligations under this Agreement to any third party unless prior written consent is obtained from the other party hereto.
 
5.5  
Binding Effect. This Agreement shall be fully and completely binding upon any owner, manager, director, employee, key personnel, representative, affiliate, advisor, contractor, successor and/or assign of the Parties.
 
5.6  
Counterparts. This Agreement may be signed in any number of counterparts, each of which shall be considered as an original, but all of which, when taken together, shall constitute a single complete agreement. It shall not be required that any single counterpart hereof be signed by all parties, so long as each party signs any counterpart hereof.
 
5.7  
Acceptance: All Parties hereto specifically agree to accept a signed copy of this document, delivered by e-mail, with electronic signatures, as though it were the original. All Parties shall deem the electronic signatures affixed hereto valid and fully effective hereto.
 
5.8  
Force Majeure: No Party shall be liable for any failure to perform its obligations in connection with any action described in this Agreement, if each failure results from any acts of God, war, civil unrest or other causes beyond any Party's reasonable control, but excluding failure caused by the Party's financial negligence or failure to follow through with needed and agreed to documentation to complete the effect of this Agreement.
 
5.9  
Binding Arbitration: In the event a dispute arises, each Party agrees, relevant to any claim, to waive their rights to litigate in a court of law or equity, or to a jury trial, but rather agree their exclusive remedy is Binding Arbitration. Each Party shall bear their own costs of arbitration, but the prevailing Party shall be entitled to reimbursement of all costs, fees, and expenses (i.e. all reasonable pre- and post-award expenses of the arbitration fees for representation, travel, and out-of-pocket expenses).
 
5.10  
Governing Law. This Agreement shall be governed by, and construed in accordance with the laws of the State of New Jersey, without regard to its conflict of laws provisions. The Parties agree that any legal action or proceeding by or against any Party or with respect to or arising out of this Agreement may be brought in or removed to the courts of the State of New Jersey, in and for the County of Los Angeles, or of the United States of America for the District of New Jersey.
 
5.11  
Claims and Litigation. There are no lawsuits, threats of litigation, claims, or other demands affecting or involving any Party, whether known or unknown, arising or accruing before the date of this Agreement, that may become a liability or obligation of any other Party or adversely affect the this transaction.
 

Executive Employment Agreement - Page 4

 
 

 

5.12  
Headings. The headings in this Agreement are included for convenience only and shall neither effect the construction or interpretation of any provision in this Agreement nor affect any of the rights or obligations of the parties to this Agreement.
 
6.0  
Entire Agreement. This Agreement contains the entire agreement among the Parties and no statements, promises, or inducements made by any Party or agent of any Party that are not contained in this Agreement shall be valid or binding unless agreed upon by all Parties. This Agreement may not be enlarged, modified, or altered except in writing signed by all Parties and endorsed on this Agreement or future agreements or memorandums.
 
7.0  
Notices. All notices or other communications shall be in writing and shall be personally delivered, or, if mailed, sent to the following relevant address or to such other address as the recipient party may have indicated to the sending party in writing:
 
If to ARC287BC:            ARC287BC Corporation
        232 Union Boulevard, Boulevard, Suite 200
        Totowa, NJ, 07512

If to Okogu:           Okogu Nnamdi Emmanuel
Achara layout enugu state,
400106 Nigeria

Any such notice shall be deemed given as of the date as personally delivered, sent by fax or e-mail, or mailed, if mailed by certified or registered mail, return receipt requested, or sent by Fed Ex, overnight mail, or a similar service. If otherwise mailed, the notice shall be deemed given as of the earlier of the fourth business day after mailing or actual receipt.
 
IN WITNESS, the parties have executed this Agreement as of the day and year first written above:

ARC287BC Corporation                                                                      Wilson X. Bezerra

Date: July 11, 2017                                                                               Date: July 11, 2017



By: /s/ Wilson X. Bezerra                                                      By: /s/ Okogu Nnamdi Emmanuel         
Chairman of the Board                                                                 Okogu Nnamdi Emmanuel
On behalf of                                                                          As An Individual
ARC287BC Corporation




Executive Employment Agreement - Page 5

 
 

 

EX1A-6 MAT CTRCT 11 EX1B-6bemployGN.htm EX1B-6BGABMP Unassociated Document
EXECUTIVE EMPLOYMENT AGREEMENT
 
Project Managment Engineer
 
This EXECUTIVE EMPLOYMENT AGREEMENT ("Agreement") made and entered into this 11 day of July 2017, by and between Arc287BC, a New Jersey corporation with principal offices located at 232 Union Boulevard, Totowa NJ 07512 ("Arc287bc" or "Company"); and Gabor Nagy, an individual located at 67 Jefferson Street, Belleville, NJ 07109 ("Nagy"). ARC28BC and Nagy shall be referred to individually as a "Party" and collectively as the "Parties."
 
WHEREAS, ARC287BC is a New Jersey corporation, in the business of bicycles or other products.
 
WHEREAS, Nagy is an individual with the experience and skills needed to administer and manage the programming, control and execution of the product manufacturing process.
 
WHEREAS, the board of directors of ARC287BC has determined and resolved that it is in the best interest of the Company to retain the services of Nagy as Senior Project Engineer with all the requisite rights, duties and obligations of those position;
 
NOW, THEREFORE, in consideration of the mutual covenants, representations, warranties and agreements contained in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the Parties agree as follows:
 
1.0  
Duties & Responsibilities
 
1.1  
Duties of Engineer. ARC287BC will employ Nagy as its Senior Project Engineer (from now referred to as Engineer) during the Term of this Agreement. Nagy shall perform his duties and responsibilities as Engineer within the framework of the vision, mission, and core values of ARC 287BC, as well as the Articles of incorporation and Bylaws, of ARC287BC. In such capacity, Nagy shall exercise general supervisory responsibility and management over his responsibilities in ARC 287BC and shall perform such other duties commensurate with his position as may reasonably be assigned to him from time to time by ARC287BC Board of Directors. As part of his duties, Nagy shall also attend those educational, academic or philanthropic conferences related to ARC 287BC that the CEO or the Board of Directors determine are beneficial and appropriate. Nagy shall be responsible for the consecution of new partners in the Countries designated to him and make the negotiations fair and with a perfect environment that help the company to accomplish its growing plans. Nagy shall also have the right to participate in the decision-making process on behalf of ARC287BC consistent with its goals, missions, and the confines of ARC budget. Without limiting the foregoing, Nagy duties include but are not limited to:
 
1.1.1  
Communicating the vision, mission and core values of ARC287BC to the potential partners, to the community, to contributors, to governmental entities and to the public at large;
 
1.1.2  
Acting as a positive force in the community consistent with the vision, mission and core values of ARC287BC;
 
1.1.3  
Working with the CEO to establish ARC287BC Board of Directors' meeting agendas;
 
1.1.4  
Providing advice and counsel to ARC287BC Board of Directors and its Committees
 
1.1.5  
Orienting and training the new sales force;
 
1.2  
Conflicts of Interest. Nagy shall avoid conflicts, potential or real, between his own personal and financial interests and that of ARC 287BC, and shall comply with ARC 287BC conflict of interest policy as adopted and revised by the Board of Directors from time to time. In general, Nagy shall be free to engage in independent consulting relationship and pursue personal business activities unrelated to his duties at ARC287BC to the extent consistent with the conflict of interest policy and with the approval of the Board
 
2.0  
Consideration. In Consideration for Nagy's agreement to perform his duties as CEO in accordance with Article 1 of this Agreement, ARC287BC agrees as follows:
 

Executive Employment Agreement - Page 1

 
 

 

 
2.1
Common Stock. ARC287BC agrees to issue to Nagy NO shares of common stock in the Company (the Stock). ARC287BC shall issue NO Stock certificates concurrent with the execution of this agreement;

 
2.2
Salary. ARC287BC agrees to pay to Nagy a salary in the amount of $ 150,000.00 per year until such time as the Board of Directors determines future compensation based on Nagy' performance or other merit-based criteria.
 
 
3.0  
Term of Employment. Nagy' Term of Employment pursuant to this Agreement shall commence upon execution of this Agreement and shall continue for a period of 1 (one) year therefrom. Thereafter, the Term of Employment shall automatically renew for successive periods of one (1) year each.
 
3.1  
Termination for Cause. The Board of Directors may only terminate Nagy' employment with the Company for cause. In the event Nagy is terminated for Cause, the Company shall have no obligation, except as otherwise required by law, to (a) pay a salary to Nagy in accordance with the provisions of Section 2.2, except for the Nagy' then applicable salary accrued through the date of such termination; and (b) provide any further benefits for the period following Nagy' termination for cause. "Cause" shall be defined as:
 
3.1.1  
Any act or omission that constitutes a material breach by Nagy of any of his obligations under this Agreement;  
 
3.1.2  
The willful and continued failure or refusal of Nagy to satisfactorily perform the duties reasonably required of him as an employee of the Company;
 
3.1.3  
Nagy' conviction of, or plea of nolo contendere to any felony or any crime involving dishonesty or moral turpitude or any other crime that could reflect negatively upon the Company or otherwise impair or impede its operations;
 
3.1.4  
Nagy' engaging in any misconduct, negligence, act of dishonesty (including, without limitation, theft or embezzlement), or any activity that could result in any violation of federal securities laws, in each case, that is injurious to the Company or any of its Affiliates;  
 
3.1.5  
Nagy' material breach of a written policy of the Company or the rules of any governmental or regulatory body applicable to the Company;
 
3.1.6  
Nagy' refusal to follow the directions of the Board, unless such directions are, in the reasonable written opinion of legal counsel, illegal or in violation of applicable law;  
 
3.1.7  
Any other willful misconduct by Nagy that is materially injurious to the financial condition or business reputation of the Company or any of its Affiliates; or  
 
3.1.8  
Nagy' breach of his obligations under Section 1.1 of this Agreement.
 
3.2  
Resignation by Nagy. Nagy may resign his employment with the Company upon 60 - (sixty) month written notice to the Board, and his date of resignation shall be considered the date on which he is no longer employed, not the date on which he gives written notice. Nagy shall only be entitled to receive: (a) his salary and bonuses in accordance with Section 2.2 that has accrued up to the date of resignation; and (b) any and all benefits accrued up to the date of resignation. Nagy shall have no further rights under this Agreement or otherwise be entitled to receive any other compensation or benefits after the date of resignation.
 
3.3  
Termination without Cause. In the event that the Company terminates Nagy' employment without Cause, as defined in Section 3.1, Nagy shall be entitled to receive: (a) his salary and bonuses in accordance with Section 2.2 for a period of 10 (ten) years following the date of the termination without Cause; and (b) any and all benefits for which he is entitled for a period of 5 (five) years following the date of the termination without Cause. Nagy shall have no further rights under this Agreement or otherwise be entitled to receive any other compensation or benefits after such termination.  
 

Executive Employment Agreement - Page 2

 
 

 

3.4  
Constructive Termination. In the event that Nagy is constructively terminated, Nagy shall be entitled to receive: (a) his salary and bonuses in accordance with Section 2.2 for a period of 5 (five) years following the date of the termination without Cause; and (b) any and all benefits for which he is entitled for a period of 5 (five) years following the date of the termination without Cause. Nagy shall have no further rights under this Agreement or otherwise be entitled to receive any other compensation or benefits after such termination
 
3.5  
Termination by Mutual Agreement. In the event that the Parties mutually agree to terminate the employment of Nagy, regardless of the reason or reasons, Nagy shall be entitled to receive: (a) his salary and bonuses in accordance with Section 2.2 for a period of 3 (three) years following the date of the termination by mutual agreement; and (b) any and all benefits for which he is entitled for a period of 3 (three) years following the date of the termination by mutual agreement. Nagy shall have no further rights under this Agreement or otherwise be entitled to receive any other compensation or benefits after such termination.
 
3.6  
Disability. In the event that Nagy is forced to resign due to disability, regardless of cause unless as a result of an intentional self-inflicted injury, Nagy shall be entitled to receive: (a) his salary and bonuses in accordance with Section 2.2 for a period of 3 (three) years following the date of the termination due to disability; and (c) any and all benefits for a period of 3 (three) years following the date of the termination due to disability. Nagy shall have no further rights under this Agreement or otherwise be entitled to receive any other compensation or benefits after such termination.
 
3.6.1  
Self-Inflicted Disability. If such disability is as a result of any intentional self-inflicted injury, such termination shall be considered a resignation as of the date of the disability, and Nagy shall only be entitled to the benefits provided as a result of resignation in accordance with Section 3.2.
 
3.7  
Death. In the event of the death of Nagy, for any reason other than suicide, Nagy' next of kin shall be entitled to receive: (a) his salary and bonuses in accordance with Section 2.2 for a period of 3 (three) years following the date of his death; and (b) any and all benefits for a period of 3 (three) years following the date of his death.
 
3.7.1  
Suicide. In the event that Nagy' death is a result of suicide, such death shall be considered a resignation as of the date of death, and Nagy' next of kin shall only be entitled to the benefits provided as a result of resignation in accordance with Section 3.2
 
3.8  
Next of Kin. Nagy shall designate his next of kin at any time during his employment with the Company, or in the alternative, designate a trust or other entity to receive his salary and benefits in the event of his death.
 
4.0  
Confidentiality.
 
4.1  
Confidential Information. During the performance of their duties and obligations under this Agreement, the Parties will become privileged to certain information that is classified as "Confidential Information," including, but not limited to the terms and conditions of this Agreement; personal information regarding the Parties; and any other information that the Parties shall deem to be Confidential Information. Any Party may deem any information as Confidential Information and do not require approval or authorization from the other Party for the information to be deemed Confidential Information. Confidential Information shall not include the following:
 
4.1.1  
Information that is or becomes publicly available other than as a result of a violation of this Agreement; or
 
4.1.2  
Information that is or becomes available on a non-confidential basis from a source that Party is not aware to be prohibited from disclosing such information pursuant to a legal, contractual or fiduciary obligation; or
 
4.1.3  
Information that the Party can demonstrate was legally in the possession of a third party prior to disclosure by Party to that third party.
 
4.2  
Non-Disclosure of Confidential Information. Except as may be required by law, the Parties shall not disclose any Confidential Information to any third party without the express, written consent of the other Party. Each Party shall require all its owners, directors, managers, employees, key personnel, agents, representatives, affiliates, consultants, advisors, attorneys, accountants, contractors, and any other individual affiliated with that Party to be bound by the provisions of this Article.
 

Executive Employment Agreement - Page 3

 
 

 

4.3  
Exemptions. Either Party may disclose the terms of this Agreement to its outside auditors, accountants, and attorneys, only to the extent necessary to permit the performance of the necessary or required tax, accounting, financial, legal, or tasks and services.
 
4.4  
Remedies. Should any Party disclose any Confidential Information, the other Party shall be entitled to injunctive relief preventing further disclosure of Confidential Information, in addition to any other remedies, monetary or otherwise, available hereunder, whether at law or in equity. Any Party who sustains any damages, as the result of the other Party's unauthorized disclosure of the Confidential Information shall be entitled to recover its costs and fees, including reasonable attorneys' fees incurred in obtaining any such relief; and, in the event of litigation as a result of damages resulting from the unauthorized disclosure of Confidential Information, the prevailing party shall be entitled to recover its court costs, expert fees, reasonable attorney's fees and expenses.
 
5.0  
General Considerations
 
5.1  
Authority to Enter into this Agreement. It is acknowledged that the Parties hereto confirm that they have the authority to enter into this Agreement and none are bound by any previous agreement that adversely affects this agreement.
 
5.2  
Additional Documentation. The Parties agree to provide any additional documents, and execute as required by this Agreement to continue its full effect and performance.
 
5.3  
Limitations. The Parties hereto agree that nothing herein shall be construed as involving any Party in the business of the other and that this Agreement is limited solely for the accomplishment of the business purposes outlined within this Agreement.
 
5.4  
Assignment. Nagy reserves the right to assign his rights under paragraph 2.1 of this Agreement to any party, provided that no conflict of interest exists; however, neither party shall assign any other rights, duties or obligations under this Agreement to any third party unless prior written consent is obtained from the other party hereto.
 
5.5  
Binding Effect. This Agreement shall be fully and completely binding upon any owner, manager, director, employee, key personnel, representative, affiliate, advisor, contractor, successor and/or assign of the Parties.
 
5.6  
Counterparts. This Agreement may be signed in any number of counterparts, each of which shall be considered as an original, but all of which, when taken together, shall constitute a single complete agreement. It shall not be required that any single counterpart hereof be signed by all parties, so long as each party signs any counterpart hereof.
 
5.7  
Acceptance: All Parties hereto specifically agree to accept a signed copy of this document, delivered by e-mail, with electronic signatures, as though it were the original. All Parties shall deem the electronic signatures affixed hereto valid and fully effective hereto.
 
5.8  
Force Majeure: No Party shall be liable for any failure to perform its obligations in connection with any action described in this Agreement, if each failure results from any acts of God, war, civil unrest or other causes beyond any Party's reasonable control, but excluding failure caused by the Party's financial negligence or failure to follow through with needed and agreed to documentation to complete the effect of this Agreement.
 
5.9  
Binding Arbitration: In the event a dispute arises, each Party agrees, relevant to any claim, to waive their rights to litigate in a court of law or equity, or to a jury trial, but rather agree their exclusive remedy is Binding Arbitration. Each Party shall bear their own costs of arbitration, but the prevailing Party shall be entitled to reimbursement of all costs, fees, and expenses (i.e. all reasonable pre- and post-award expenses of the arbitration fees for representation, travel, and out-of-pocket expenses).
 
5.10  
Governing Law. This Agreement shall be governed by, and construed in accordance with the laws of the State of New Jersey, without regard to its conflict of laws provisions. The Parties agree that any legal action or proceeding by or against any Party or with respect to or arising out of this Agreement may be brought in or removed to the courts of the State of New Jersey, in and for the County of Los Angeles, or of the United States of America for the District of New Jersey.
 
5.11  
Claims and Litigation. There are no lawsuits, threats of litigation, claims, or other demands affecting or involving any Party, whether known or unknown, arising or accruing before the date of this Agreement, that may become a liability or obligation of any other Party or adversely affect the this transaction.
 

Executive Employment Agreement - Page 4

 
 

 

5.12  
Headings. The headings in this Agreement are included for convenience only and shall neither effect the construction or interpretation of any provision in this Agreement nor affect any of the rights or obligations of the parties to this Agreement.
 
6.0  
Entire Agreement. This Agreement contains the entire agreement among the Parties and no statements, promises, or inducements made by any Party or agent of any Party that are not contained in this Agreement shall be valid or binding unless agreed upon by all Parties. This Agreement may not be enlarged, modified, or altered except in writing signed by all Parties and endorsed on this Agreement or future agreements or memorandums.
 
7.0  
Notices. All notices or other communications shall be in writing and shall be personally delivered, or, if mailed, sent to the following relevant address or to such other address as the recipient party may have indicated to the sending party in writing:
 
If to ARC287BC:            ARC287BC Corporation
        232 Union Boulevard, Boulevard, Suite 200
        Totowa, NJ, 07512

If to Nagy:           Gabor Nagy
67 Jefferson Street,
Belleville, NJ 070109

Any such notice shall be deemed given as of the date as personally delivered, sent by fax or e-mail, or mailed, if mailed by certified or registered mail, return receipt requested, or sent by Fed Ex, overnight mail, or a similar service. If otherwise mailed, the notice shall be deemed given as of the earlier of the fourth business day after mailing or actual receipt.
 
IN WITNESS, the parties have executed this Agreement as of the day and year first written above:

ARC287BC Corporation                                                                      Wilson X. Bezerra

Date: July 11, 2017                                                                               Date: July 11, 2017



By: /s/ Wilson X. Bezerra                                                      By: /s/ Gabor Nagy         
Chairman of the Board                                                                 Gabor Nagy
On behalf of                                                                          As An Individual
ARC287BC Corporation




Executive Employment Agreement - Page 5

 
 

 

EX1A-6 MAT CTRCT 12 Ex1C-6cemplMM.htm EX1C-6CMAUEMP Unassociated Document
EXECUTIVE EMPLOYMENT AGREEMENT
 
Senior Project Engineer
 
This EXECUTIVE EMPLOYMENT AGREEMENT ("Agreement") made and entered into this 11 day of July 2017, by and between Arc287BC, a New Jersey corporation with principal offices located at 232 Union Boulevard, Totowa NJ 07512 ("Arc287bc" or "Company"); and Brian Mauricio Martinez Castro, an individual located at 115 Ferncliff Road, Bloomfield, NJ 07003 ("Martinez"). ARC28BC and Martinez shall be referred to individually as a "Party" and collectively as the "Parties."
 
WHEREAS, ARC287BC is a New Jersey corporation, in the business of bicycles or other products.
 
WHEREAS, Martinez is an individual with the experience and skills needed to administer and manage the programming, control and execution of the product manufacturing process.
 
WHEREAS, the board of directors of ARC287BC has determined and resolved that it is in the best interest of the Company to retain the services of Martinez as Senior Project Engineer with all the requisite rights, duties and obligations of those position;
 
NOW, THEREFORE, in consideration of the mutual covenants, representations, warranties and agreements contained in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the Parties agree as follows:
 
1.0  
Duties & Responsibilities
 
1.1  
Duties of Engineer. ARC287BC will employ Martinez as its Senior Project Engineer (from now referred to as Engineer) during the Term of this Agreement. Martinez shall perform his duties and responsibilities as Engineer within the framework of the vision, mission, and core values of ARC 287BC, as well as the Articles of incorporation and Bylaws, of ARC287BC. In such capacity, Martinez shall exercise general supervisory responsibility and management over his responsibilities in ARC 287BC and shall perform such other duties commensurate with his position as may reasonably be assigned to him from time to time by ARC287BC Board of Directors. As part of his duties, Martinez shall also attend those educational, academic or philanthropic conferences related to ARC 287BC that the CEO or the Board of Directors determine are beneficial and appropriate. Martinez shall be responsible for the consecution of new partners in the Countries designated to him and make the negotiations fair and with a perfect environment that help the company to accomplish its growing plans. Martinez shall also have the right to participate in the decision-making process on behalf of ARC287BC consistent with its goals, missions, and the confines of ARC budget. Without limiting the foregoing, Martinez duties include but are not limited to:
 
1.1.1  
Communicating the vision, mission and core values of ARC287BC to the potential partners, to the community, to contributors, to governmental entities and to the public at large;
 
1.1.2  
Acting as a positive force in the community consistent with the vision, mission and core values of ARC287BC;
 
1.1.3  
Working with the CEO to establish ARC287BC Board of Directors' meeting agendas;
 
1.1.4  
Providing advice and counsel to ARC287BC Board of Directors and its Committees
 
1.1.5  
Orienting and training the new sales force;
 
1.2  
Conflicts of Interest. Martinez shall avoid conflicts, potential or real, between his own personal and financial interests and that of ARC 287BC, and shall comply with ARC 287BC conflict of interest policy as adopted and revised by the Board of Directors from time to time. In general, Martinez shall be free to engage in independent consulting relationship and pursue personal business activities unrelated to his duties at ARC287BC to the extent consistent with the conflict of interest policy and with the approval of the Board
 
2.0  
Consideration. In Consideration for Martinez's agreement to perform his duties as CEO in accordance with Article 1 of this Agreement, ARC287BC agrees as follows:
 

Executive Employment Agreement - Page 1

 
 

 

 
2.1
Common Stock. ARC287BC agrees to issue to Martinez NO shares of common stock in the Company (the Stock). ARC287BC shall issue NO Stock certificates concurrent with the execution of this agreement;

 
2.2
Salary. ARC287BC agrees to pay to Martinez a salary in the amount of $ 91,770.00 per year until such time as the Board of Directors determines future compensation based on Martinez' performance or other merit-based criteria.
 
 
3.0  
Term of Employment. Martinez' Term of Employment pursuant to this Agreement shall commence upon execution of this Agreement and shall continue for a period of 1 (one) year therefrom. Thereafter, the Term of Employment shall automatically renew for successive periods of one (1) year each.
 
3.1  
Termination for Cause. The Board of Directors may only terminate Martinez' employment with the Company for cause. In the event Martinez is terminated for Cause, the Company shall have no obligation, except as otherwise required by law, to (a) pay a salary to Martinez in accordance with the provisions of Section 2.2, except for the Martinez' then applicable salary accrued through the date of such termination; and (b) provide any further benefits for the period following Martinez' termination for cause. "Cause" shall be defined as:
 
3.1.1  
Any act or omission that constitutes a material breach by Martinez of any of his obligations under this Agreement;  
 
3.1.2  
The willful and continued failure or refusal of Martinez to satisfactorily perform the duties reasonably required of him as an employee of the Company;
 
3.1.3  
Martinez' conviction of, or plea of nolo contendere to any felony or any crime involving dishonesty or moral turpitude or any other crime that could reflect negatively upon the Company or otherwise impair or impede its operations;
 
3.1.4  
Martinez' engaging in any misconduct, negligence, act of dishonesty (including, without limitation, theft or embezzlement), or any activity that could result in any violation of federal securities laws, in each case, that is injurious to the Company or any of its Affiliates;  
 
3.1.5  
Martinez' material breach of a written policy of the Company or the rules of any governmental or regulatory body applicable to the Company;
 
3.1.6  
Martinez' refusal to follow the directions of the Board, unless such directions are, in the reasonable written opinion of legal counsel, illegal or in violation of applicable law;  
 
3.1.7  
Any other willful misconduct by Martinez that is materially injurious to the financial condition or business reputation of the Company or any of its Affiliates; or  
 
3.1.8  
Martinez' breach of his obligations under Section 1.1 of this Agreement.
 
3.2  
Resignation by Martinez. Martinez may resign his employment with the Company upon 60 - (sixty) month written notice to the Board, and his date of resignation shall be considered the date on which he is no longer employed, not the date on which he gives written notice. Martinez shall only be entitled to receive: (a) his salary and bonuses in accordance with Section 2.2 that has accrued up to the date of resignation; and (b) any and all benefits accrued up to the date of resignation. Martinez shall have no further rights under this Agreement or otherwise be entitled to receive any other compensation or benefits after the date of resignation.
 
3.3  
Termination without Cause. In the event that the Company terminates Martinez' employment without Cause, as defined in Section 3.1, Martinez shall be entitled to receive: (a) his salary and bonuses in accordance with Section 2.2 for a period of 10 (ten) years following the date of the termination without Cause; and (b) any and all benefits for which he is entitled for a period of 5 (five) years following the date of the termination without Cause. Martinez shall have no further rights under this Agreement or otherwise be entitled to receive any other compensation or benefits after such termination.  
 

Executive Employment Agreement - Page 2

 
 

 

3.4  
Constructive Termination. In the event that Martinez is constructively terminated, Martinez shall be entitled to receive: (a) his salary and bonuses in accordance with Section 2.2 for a period of 5 (five) years following the date of the termination without Cause; and (b) any and all benefits for which he is entitled for a period of 5 (five) years following the date of the termination without Cause. Martinez shall have no further rights under this Agreement or otherwise be entitled to receive any other compensation or benefits after such termination
 
3.5  
Termination by Mutual Agreement. In the event that the Parties mutually agree to terminate the employment of Martinez, regardless of the reason or reasons, Martinez shall be entitled to receive: (a) his salary and bonuses in accordance with Section 2.2 for a period of 3 (three) years following the date of the termination by mutual agreement; and (b) any and all benefits for which he is entitled for a period of 3 (three) years following the date of the termination by mutual agreement. Martinez shall have no further rights under this Agreement or otherwise be entitled to receive any other compensation or benefits after such termination.
 
3.6  
Disability. In the event that Martinez is forced to resign due to disability, regardless of cause unless as a result of an intentional self-inflicted injury, Martinez shall be entitled to receive: (a) his salary and bonuses in accordance with Section 2.2 for a period of 3 (three) years following the date of the termination due to disability; and (c) any and all benefits for a period of 3 (three) years following the date of the termination due to disability. Martinez shall have no further rights under this Agreement or otherwise be entitled to receive any other compensation or benefits after such termination.
 
3.6.1  
Self-Inflicted Disability. If such disability is as a result of any intentional self-inflicted injury, such termination shall be considered a resignation as of the date of the disability, and Martinez shall only be entitled to the benefits provided as a result of resignation in accordance with Section 3.2.
 
3.7  
Death. In the event of the death of Martinez, for any reason other than suicide, Martinez' next of kin shall be entitled to receive: (a) his salary and bonuses in accordance with Section 2.2 for a period of 3 (three) years following the date of his death; and (b) any and all benefits for a period of 3 (three) years following the date of his death.
 
3.7.1  
Suicide. In the event that Martinez' death is a result of suicide, such death shall be considered a resignation as of the date of death, and Martinez' next of kin shall only be entitled to the benefits provided as a result of resignation in accordance with Section 3.2
 
3.8  
Next of Kin. Martinez shall designate his next of kin at any time during his employment with the Company, or in the alternative, designate a trust or other entity to receive his salary and benefits in the event of his death.
 
4.0  
Confidentiality.
 
4.1  
Confidential Information. During the performance of their duties and obligations under this Agreement, the Parties will become privileged to certain information that is classified as "Confidential Information," including, but not limited to the terms and conditions of this Agreement; personal information regarding the Parties; and any other information that the Parties shall deem to be Confidential Information. Any Party may deem any information as Confidential Information and do not require approval or authorization from the other Party for the information to be deemed Confidential Information. Confidential Information shall not include the following:
 
4.1.1  
Information that is or becomes publicly available other than as a result of a violation of this Agreement; or
 
4.1.2  
Information that is or becomes available on a non-confidential basis from a source that Party is not aware to be prohibited from disclosing such information pursuant to a legal, contractual or fiduciary obligation; or
 
4.1.3  
Information that the Party can demonstrate was legally in the possession of a third party prior to disclosure by Party to that third party.
 
4.2  
Non-Disclosure of Confidential Information. Except as may be required by law, the Parties shall not disclose any Confidential Information to any third party without the express, written consent of the other Party. Each Party shall require all its owners, directors, managers, employees, key personnel, agents, representatives, affiliates, consultants, advisors, attorneys, accountants, contractors, and any other individual affiliated with that Party to be bound by the provisions of this Article.
 

Executive Employment Agreement - Page 3

 
 

 

4.3  
Exemptions. Either Party may disclose the terms of this Agreement to its outside auditors, accountants, and attorneys, only to the extent necessary to permit the performance of the necessary or required tax, accounting, financial, legal, or tasks and services.
 
4.4  
Remedies. Should any Party disclose any Confidential Information, the other Party shall be entitled to injunctive relief preventing further disclosure of Confidential Information, in addition to any other remedies, monetary or otherwise, available hereunder, whether at law or in equity. Any Party who sustains any damages, as the result of the other Party's unauthorized disclosure of the Confidential Information shall be entitled to recover its costs and fees, including reasonable attorneys' fees incurred in obtaining any such relief; and, in the event of litigation as a result of damages resulting from the unauthorized disclosure of Confidential Information, the prevailing party shall be entitled to recover its court costs, expert fees, reasonable attorney's fees and expenses.
 
5.0  
General Considerations
 
5.1  
Authority to Enter into this Agreement. It is acknowledged that the Parties hereto confirm that they have the authority to enter into this Agreement and none are bound by any previous agreement that adversely affects this agreement.
 
5.2  
Additional Documentation. The Parties agree to provide any additional documents, and execute as required by this Agreement to continue its full effect and performance.
 
5.3  
Limitations. The Parties hereto agree that nothing herein shall be construed as involving any Party in the business of the other and that this Agreement is limited solely for the accomplishment of the business purposes outlined within this Agreement.
 
5.4  
Assignment. Martinez reserves the right to assign his rights under paragraph 2.1 of this Agreement to any party, provided that no conflict of interest exists; however, neither party shall assign any other rights, duties or obligations under this Agreement to any third party unless prior written consent is obtained from the other party hereto.
 
5.5  
Binding Effect. This Agreement shall be fully and completely binding upon any owner, manager, director, employee, key personnel, representative, affiliate, advisor, contractor, successor and/or assign of the Parties.
 
5.6  
Counterparts. This Agreement may be signed in any number of counterparts, each of which shall be considered as an original, but all of which, when taken together, shall constitute a single complete agreement. It shall not be required that any single counterpart hereof be signed by all parties, so long as each party signs any counterpart hereof.
 
5.7  
Acceptance: All Parties hereto specifically agree to accept a signed copy of this document, delivered by e-mail, with electronic signatures, as though it were the original. All Parties shall deem the electronic signatures affixed hereto valid and fully effective hereto.
 
5.8  
Force Majeure: No Party shall be liable for any failure to perform its obligations in connection with any action described in this Agreement, if each failure results from any acts of God, war, civil unrest or other causes beyond any Party's reasonable control, but excluding failure caused by the Party's financial negligence or failure to follow through with needed and agreed to documentation to complete the effect of this Agreement.
 
5.9  
Binding Arbitration: In the event a dispute arises, each Party agrees, relevant to any claim, to waive their rights to litigate in a court of law or equity, or to a jury trial, but rather agree their exclusive remedy is Binding Arbitration. Each Party shall bear their own costs of arbitration, but the prevailing Party shall be entitled to reimbursement of all costs, fees, and expenses (i.e. all reasonable pre- and post-award expenses of the arbitration fees for representation, travel, and out-of-pocket expenses).
 
5.10  
Governing Law. This Agreement shall be governed by, and construed in accordance with the laws of the State of New Jersey, without regard to its conflict of laws provisions. The Parties agree that any legal action or proceeding by or against any Party or with respect to or arising out of this Agreement may be brought in or removed to the courts of the State of New Jersey, in and for the County of Los Angeles, or of the United States of America for the District of New Jersey.
 
5.11  
Claims and Litigation. There are no lawsuits, threats of litigation, claims, or other demands affecting or involving any Party, whether known or unknown, arising or accruing before the date of this Agreement, that may become a liability or obligation of any other Party or adversely affect the this transaction.
 

Executive Employment Agreement - Page 4

 
 

 

5.12  
Headings. The headings in this Agreement are included for convenience only and shall neither effect the construction or interpretation of any provision in this Agreement nor affect any of the rights or obligations of the parties to this Agreement.
 
6.0  
Entire Agreement. This Agreement contains the entire agreement among the Parties and no statements, promises, or inducements made by any Party or agent of any Party that are not contained in this Agreement shall be valid or binding unless agreed upon by all Parties. This Agreement may not be enlarged, modified, or altered except in writing signed by all Parties and endorsed on this Agreement or future agreements or memorandums.
 
7.0  
Notices. All notices or other communications shall be in writing and shall be personally delivered, or, if mailed, sent to the following relevant address or to such other address as the recipient party may have indicated to the sending party in writing:
 
If to ARC287BC:            ARC287BC Corporation
        232 Union Boulevard, Boulevard, Suite 200
        Totowa, NJ, 07512

If to Martinez:           Brian Mauricio Martinez Castro
115 Ferncliff Road,
Bloomfield, NJ, 07003

Any such notice shall be deemed given as of the date as personally delivered, sent by fax or e-mail, or mailed, if mailed by certified or registered mail, return receipt requested, or sent by Fed Ex, overnight mail, or a similar service. If otherwise mailed, the notice shall be deemed given as of the earlier of the fourth business day after mailing or actual receipt.
 
IN WITNESS, the parties have executed this Agreement as of the day and year first written above:

ARC287BC Corporation                                                                      Wilson X. Bezerra

Date: July 11, 2017                                                                               Date: July 11, 2017



By: /s/ Wilson X. Bezerra                                                      By: /s/ Brian Mauricio Martinez Castro         
Chairman of the Board                                                                 Brian Mauricio Martinez Castro
On behalf of                                                                          As An Individual
ARC287BC Corporation




Executive Employment Agreement - Page 5

 
 

 

EX1A-4 SUBS AGMT 13 Ex1A-4Subcagrem.htm EX1A-4SUBSAGMT

SUBSCRIPTION AGREEMENT

ARC287BC Corporation

This agreement ("Agreement") is made as of the date set forth below by and between ARC287BC Corporation., a New Jersey corporation (the "Company"), and the undersigned ("Subscriber"). Collectively, Arc and Subscriber shall be referred to as the "Parties" and each as the "Party." This Agreement is intended to set forth certain representations, covenants and agreements between Subscriber and the Company with respect to the offering (the "Offering") for sale by the Company of shares of its common stock (the "Shares" or "Securities") as described in the Company's Offering Circular dated July 11, 2017 (the "Offering Circular"), a copy of which has been delivered to Subscriber.

ARTICLE I

SUBSCRIPTION

1.01Subscription.  Subject to the terms and conditions hereof, Subscriber hereby irrevocably subscribes for and agrees to purchase from the Company the number of Shares set forth on the Subscription Agreement Signature Page, and the Company agrees to sell such Shares to Subscriber at a purchase price of $1.00 per Share for the total amount set forth on the Subscription Agreement Signature Page (the "Purchase Price"), subject to the Company's right to sell to Subscriber such lesser number of Shares as the Company may, in its sole discretion, deem necessary or desirable.
1.02Delivery of Subscription Amount; Acceptance of Subscription; Delivery of Securities.  Subscriber understands and agrees that this subscription is made subject to the following terms and conditions:
(a)Contemporaneously with the execution and delivery of this Agreement, Subscriber shall pay the Purchase Price for the Shares by check made payable to "ARC287BC Corporation", by debit transfer, or by wire transfer;
(b)This subscription shall be deemed to be accepted only when this Agreement has been signed by an authorized officer or agent of the Company. The deposit of the payment of the Purchase Price for clearance will not be deemed an acceptance of this Agreement;
(d)The Company shall have the right to reject this subscription, in whole or in part;
(e)The payment of the Subscription Amount (or, in the case of rejection of a portion of the Subscriber's subscription, the part of the payment relating to such rejected portion) will be returned promptly, without interest or deduction, if Subscriber's subscription is rejected in whole or in part or if the Offering is withdrawn or canceled;
(f)Upon the clearance of Subscriber's Purchase Price, Subscriber shall receive notice and evidence of the digital entry (or other manner of record) of the number of the Shares owned by Subscriber reflected on the books and records of the Company and verified by Securities Transfer Corporation (the "Transfer Agent"), which books and records shall bear a notation that the Shares were sold in reliance upon Regulation A.

ARTICLE II

REPRESENTATIONS AND WARRANTIES OF SUBSCRIBER

By executing this Subscription Agreement, Subscriber (and, if Subscriber is purchasing the Securities subscribed for hereby in a fiduciary capacity, the person or persons for whom Subscriber is so purchasing) represents and warrants, which representations and warranties are true and complete in all material respects as of the date of each Closing Date:

2.01Requisite Power and Authority. Such Subscriber has all necessary power and authority under all applicable provisions of law to execute and deliver this Subscription Agreement. All action on Subscriber's part required for the lawful execution and delivery of this Subscription Agreement has been or will be effectively taken prior to the Closing. Upon execution and delivery, this Subscription Agreement will be a valid and binding obligation of Subscriber, enforceable in accordance with its terms, except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights and (b) as limited by general principles of equity that restrict the availability of equitable remedies.
Page 1
 
2.02Investment Representations. Subscriber understands that the Securities have not been registered under the Securities Act. Subscriber also understands that the Securities are being offered and sold pursuant to an exemption from registration contained in the Securities Act based in part upon Subscriber's representations contained in this Subscription Agreement.
2.03Illiquidity and Continued Economic Risk. Subscriber acknowledges and agrees that there is no ready public market for the Securities and that there is no guarantee that a market for their resale will ever exist. Subscriber must bear the economic risk of this investment indefinitely and the Company has no obligation to list the Securities on any market or take any steps (including registration under the Securities Act or the Securities Exchange Act of 1934, as amended) with respect to facilitating trading or resale of the Securities. Subscriber acknowledges that Subscriber is able to bear the economic risk of losing Subscriber's entire investment in the Securities. Subscriber also understands that an investment in the Company involves significant risks and has taken full cognizance of and understands all the risk factors relating to the purchase of Securities.
2.04Accredited Investor Status or Investment Limits. Subscriber represents that either:
(a)Subscriber is an "accredited investor" within the meaning of Rule 501 of Regulation D under the Securities Act. Subscriber represents and warrants that the information set forth in response to question (c) on the Subscription Agreement Signature Page hereto concerning Subscriber is true and correct; or
(b)The Purchase Price set out in paragraph (b) of the Subscription Agreement Signature Page, together with any other amounts previously used to purchase Securities in this offering, does not exceed 10% of the greater of the Subscriber's annual income or net worth.

Subscriber represents that to the extent it has any questions with respect to its status as an accredited investor, or the application of the investment limits, it has sought professional advice.

2.05Shareholder Information. Within five days after receipt of a request from the Company or by Securities Transfer Corporation, which is acting as an administrative agent for the Company, Subscriber hereby agrees to provide such information with respect to its status as a shareholder (or potential shareholder) and to execute and deliver such documents as may reasonably be necessary to comply with any and all laws and regulations to which the Company is or may become subject, including, without limitation, the need to determine the accredited status of the Company's shareholders. Subscriber further agrees that in the event it transfers any Securities, it will require the transferee of such Securities to agree to provide such information to the Company as a condition of such transfer.
2.06Company Information. Subscriber has read the Offering Circular filed with the SEC, including the section titled "Risk Factors." Subscriber understands that the Company is subject to all the risks that apply to early-stage companies, whether or not those risks are explicitly set out in the Offering Circular. Subscriber acknowledges that no representations or warranties have been made to Subscriber, or to Subscriber's advisors or representative, by the Company or others with respect to the business or prospects of the Company or its financial condition.
2.07Valuation.  Subscriber acknowledges that the price of the Securities was set by the Company on the basis of the Company's internal valuation and no warranties are made as to value. Subscriber further acknowledges that future offerings of Securities may be made at lower valuations, with the result that the Subscriber's investment will bear a lower valuation.
2.08Domicile. Subscriber maintains Subscriber's domicile (and is not a transient or temporary resident) at the address shown on the signature page.
2.09No Brokerage Fees. There are no claims for brokerage commission, finders' fees or similar compensation in connection with the transactions contemplated by this Subscription Agreement or related documents based on any arrangement or agreement binding upon Subscriber. Subscriber will indemnify and hold the Company harmless against any liability, loss or expense (including, without limitation, reasonable attorneys' fees and out-of-pocket expenses) arising in connection with any such claim.
2.10Foreign Investors. If Subscriber is not a United States person (as defined by Section 7701(a)(30) of the Internal Revenue Code of 1986, as amended), Subscriber hereby represents that it has satisfied itself as to the full observance of the laws of its jurisdiction in connection with any invitation to subscribe for the Securities or any use of this Subscription Agreement, including (a) the legal requirements within its jurisdiction for the purchase of the Securities, (b) any foreign exchange restrictions applicable to such purchase, (c) any governmental or other consents that may need to be obtained, and (d) the income tax and other tax consequences, if any, that may be relevant to the purchase, holding, redemption, sale, or transfer of
Page 2
 

the Securities. Subscriber's subscription and payment for and continued beneficial ownership of the Securities will not violate any applicable securities or other laws of the Subscriber's jurisdiction.

ARTICLE III

SURVIVAL; INDEMNIFICATION

3.01Survival; Indemnification.  All representations, warranties and covenants contained in this Agreement and the indemnification contained herein shall survive (a) the acceptance of this Agreement by the Company, (b) changes in the transactions, documents and instruments described herein which are not material or which are to the benefit of Subscriber, and (c) the death or disability of Subscriber.  Subscriber acknowledges the meaning and legal consequences of the representations, warranties and covenants in Article II hereof and that the Company has relied upon such representations, warranties and covenants in determining Subscriber's qualification and suitability to purchase the Securities.  Subscriber hereby agrees to indemnify, defend and hold harmless the Company, its officers, directors, employees, agents and controlling persons, from and against any and all losses, claims, damages, liabilities, expenses (including attorneys' fees and disbursements), judgments or amounts paid in settlement of actions arising out of or resulting from the untruth of any representation of Subscriber herein or the breach of any warranty or covenant herein by Subscriber.  Notwithstanding the foregoing, however, no representation, warranty, covenant or acknowledgment made herein by Subscriber shall in any manner be deemed to constitute a waiver of any rights granted to it under the Securities Act or state securities laws.

ARTICLE IV

MISCELLANEOUS PROVISIONS

4.01Captions and Headings.  The Article and Section headings throughout this Agreement are for convenience of reference only and shall in no way be deemed to define, limit or add to any provision of this Agreement.
4.02Notification of Changes.  Subscriber agrees and covenants to notify the Company immediately upon the occurrence of any event prior to the consummation of this Offering that would cause any representation, warranty, covenant or other statement contained in this Agreement to be false or incorrect or of any change in any statement made herein occurring prior to the consummation of this Offering.
4.03Assignability.  This Agreement is not assignable by Subscriber, and may not be modified, waived or terminated except by an instrument in writing signed by the party against whom enforcement of such modification, waiver or termination is sought.
4.04Binding Effect.  Except as otherwise provided herein, this Agreement shall be binding upon and inure to the benefit of the parties and their heirs, executors, administrators, successors, legal representatives and assigns, and the agreements, representations, warranties and acknowledgments contained herein shall be deemed to be made by and be binding upon such heirs, executors, administrators, successors, legal representatives and assigns.
4.05Obligations Irrevocable.  The obligations of Subscriber shall be irrevocable, except with the consent of the Company, until the consummation or termination of the Offering.
4.06Entire Agreement; Amendment.  This Agreement states the entire agreement and understanding of the parties relating to the matters contained herein, superseding all prior contracts or agreements, whether oral or written.  No amendment of the Agreement shall be made without the express written consent of the parties.
4.07Severability.  The invalidity or unenforceability of any particular provision of this Agreement shall not affect any other provision hereof, which shall be construed in all respects as if such invalid or unenforceable provision were omitted.
4.08Venue; Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of New Jersey.
4.09Notices.  All notices, requests, demands, consents, and other communications hereunder shall be transmitted in writing and shall be deemed to have been duly given when hand delivered or sent by certified mail, postage prepaid, with return receipt requested, addressed to the parties as follows:  to the Company, 1232 Union Blvd., Totowa, NJ 07512, and to Subscriber, at the address indicated below.  Any party may change its address for purposes of this Section by giving notice as provided herein.
4.10Counterparts.  This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which together shall be deemed to be one and the same agreement.
Page 3
 

 

[THE REMAINDER OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK]

Page 4
 

ARC287BC Corporation

SUBSCRIPTION AGREEMENT SIGNATURE PAGE

The undersigned, desiring to purchase shares of common stock of Punch TV Studios, Inc., by executing this signature page, hereby executes, adopts and agrees to all terms, conditions and representations of the Subscription Agreement.

(a) The number of Shares the undersigned hereby irrevocably subscribes for is:  
    Total Number of Shares
     
(b) The aggregate Purchase Price (based on a price of $1.00 per Share) for the Shares the undersigned hereby irrevocably subscribes for is: $  
    Total Purchase Price
     
(c) Check the applicable box  
     
o The undersigned is an accredited investor (as that term is defined in Regulation D under the Securities Act).  The undersigned has checked the appropriate box on the attached Certificate of Accredited Investor Status indicating the basis of such accredited investor status.
     
o The amount set forth in paragraph (b) above (together with any previous investments in the Securities pursuant to this offering) does not exceed 10% of the greater of the undersigned's net worth or annual income.
     
(d) The Securities being subscribed for will be owned by, and should be recorded on the Company's books as held in the name of:
 

 

 

 

 

 

 

 

Signature   Signature

 

 

   
Name (Please Print)   Name (Please Print)

 

 

   
E-mail Address   E-mail Address

 

 

   
Address   Address

 

 

   
Telephone Number   Telephone Number

 

 

   
Social Security Number   Social Security Number

 

 

   
Date:   Date:
           

 

 

 

This Subscription is accepted on:__________________ ___________________________________________

By:        Wilson X. Bezerra

Chief Executive Officer

ARC287BC Corporation

Page 5
 

CERTIFICATE OF ACCREDITED INVESTOR STATUS

The undersigned is an individual "accredited investor," as that term is defined in Regulation D under the Securities Act of 1933, as amended (the "Act").  The undersigned has checked the box below indicating the basis on which it is representing its status as an ";accredited investor":

oA bank as defined in Section 3(a)(2) of the Act, or any savings and loan association or other institution as defined in Section 3(a)(5)(A) of the Act whether acting in its individual or fiduciary capacity; a broker or dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934; an insurance company as defined in Section 2(a)(13) of the Act; an investment company registered under the Investment Company Act of 1940 or a business development company as defined in Section 2(a)(48) of that act; a small business investment company licensed by the U.S. Small Business Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958; a plan established and maintained by a state, its political subdivisions, or any agency or instrumentality of a state or its political subdivisions, for the benefit of its employees, if such plan has total assets in excess of $5,000,000; an employee benefit plan within the meaning of the Employee Retirement Income Security Act of 1974, if the investment decision is made by a plan fiduciary, as defined in Section 3(21) of such act, which is either a bank, savings and loan association, insurance company, or registered investment adviser, or if the employee benefit plan has total assets in excess of $5,000,000 or, if a self-directed plan, with investment decisions made solely by persons that are "accredited investors";
oA private business development company as defined in Section 202(a)(22) of the Investment Advisers Act of 1940;
oAn organization described in Section 501(c)(3) of the Internal Revenue Code, corporation, Massachusetts or similar business trust, or partnership, not formed for the specific purpose of acquiring the securities offered, with total assets in excess of $5,000,000;
oA natural person whose individual net worth, or joint net worth with the undersigned's spouse, excluding the "net value" of his or her primary residence, at the time of this purchase exceeds $1,000,000 and having no reason to believe that net worth will not remain in excess of $1,000,000 for foreseeable future, with "net value" for such purposes being the fair value of the residence less any mortgage indebtedness or other obligation secured by the residence, but subtracting such indebtedness or obligation only if it is a liability already considered in calculating net worth;
oA natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with the undersigned's spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year;
oA trust with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the securities offered, whose purchase is directed by a person who has such knowledge and experience in financial and business matters that he is capable of evaluating the merits and risks of the prospective investment; or
oAn entity in which all the equity holders are "accredited investors" by virtue of their meeting one or more of the above standards.
oAn individual who is a director or executive officer of ARC287BC Corporation, Inc.

Date: ________________ Subscriber

 

 

_________________________________________

By:

 

EX1A-11 CONSENT 14 EX1A-11consent2.htm EX1A-11CONSENT cpa letter

EX1A-15 ADD EXHB 15 Ex1a-15Qualltrsep28.htm EX1A-15QUALIFICATION
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.txt
<DESCRIPTION>
<TEXT>
                   ARC287BC Corporation
             232 Union Blvd., Totowa, NJ 07512
                       ARC287BC.com
            Cell 862-703-9196 Office 973-595-6494





United States Security and Exchange Commission 09/14/2017
Division of Corporate Finance
100 F Street, N.E.
Washington, DC 20549

Attention:  Patrick Kuhn (202) 551-3308
            Claire Erlanger (202) 551-3301
            Sonia Bednarowski (202) 551-3666
            J. Nolan McWilliams Attorney Advisor (202) 551-3217


Re:ARC287BC Corporation
         Form 1-A Registration Statement (Registration no. (024-10611)
         Originally filed on December 2, 2016, as amended.


Request for Qualification

         Requested Date:September 28, 2017
         Requested Time:2:00 PM Eastern Time



Ladies and Gentlemen:


ARC287BC Corporation (the Registrant) hereby requests that the Securities and Exchange Commission (the Commission) take appropriate action to qualify the above-captioned Registration Statements on Form 1-A qualified at the
Requested Date and Requested Time set forth above or as soon thereafter as
practicable.

TThe Registrant hereby authorizes Jaeson Birnbaum, Esq. Registrants outside
counsel, to orally modify or withdraw this Qualification Request.

Registrant hereby acknowledges that:


Should the Commission of the staff, acting pursuant to delegated authority,
qualify the filing, it does not foreclose the Commission from taking any
action with respect to the filing;the action of the Commission or the staff, acting pursuant to delegated authority, qualify the filing, does not relieve the company from its full responsibility for the adequacy and accuracy of the disclosure in the filing; and the company may not assert staff comments and/or qualifications as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.

The Registrant requests that it be notified of such qualification by telephone call to Mr. Wilson X. Bezerra at his cell 973-277-1526 or his office at 973-595-6494.

Sincerely,
ARC287BC Corporation

By:  /s/Wilson X. Bezerra
     Wilson X. Bezerra
     Chief Executive Officer


</TEXT>
</DOCUMENT>
EX1A-9 ACCT LTR 16 EX1A-9acctltrsep28.htm EX1A-9ACCOUNTLTR Unassociated Document

 

PK Ramachandran

Ram Associates

Certified Public Accountant

3240 E. State Street Ext., Hamilton, NJ 08619, USA

 

 

INDEPENDENT AUDITOR'S REPORT

 

 

To the Board of Directors

ARC287BC Corporation

 

I have audited the accompanying balance sheets of ARC287BC Corporation for the year ended December 31, 2016 and the related statements of income, retained earnings and cash flows for the year then ended. These financial statements are the responsibility of the Company's management. My responsibility is to express an opinion on the financial statements based on my audit.

 

I conducted my audit in accordance with US generally accepted auditing standards. Those standards require that I plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statements presentation. I believe that my audit provides a reasonable basis for my opinion.

 

In my opinion, the financial statements present fairly in all material respects, the financial position of ARC287BC Corporation as of the balance sheet date of December 31, 2016 and results of its operations and its cash flows for the period then ended, in accordance with accounting principles generally accepted in the United States of America.

 

/s/

 

September 28, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EX1A-15 ADD EXHB 17 employboargabor.htm EX1B-15EMPBOARDGABOR Unassociated Document
 
 
BOARD RESOLUTIONS APPROVING EMPLOYMENT AGREEMENT
APPROVAL OF EMPLOYMENT AGREEMENT
 
 
ARC287BC CORPORATION
 
 
 
  
We, the undersigned, being the Board of Directors of ARC287BC Corporation, organized and existing under the laws of the State of New Jersey, and having principal place of business at 232 Union Blvd., Totowa, NJ 07512 (the"Company"), hereby certify that the following is a true and correct copy of a resolution duly adopted at a meeting of the Shareholders of the Company, duly held and convened on July 11, 2017.
 
  
Be it RESOLVED, that the Board of Directors of ARC287BC Corporation. approves the terms of a proposed Employment Agreement between this corporation and Product Development Manager Gabor Nagy.
 
  
RESOLVED FURTHER, that the Officer of the ARC287BC Corporation. is/are, and each acting alone is, hereby authorized to execute and deliver on behalf of this corporation the Employment Agreement substantially in the form attached hereto as Exhibit A with such changes thereto as the person executing the same shall approve, such approval to be conclusively evidenced by the execution and delivery thereof.
 
  
RESOLVED, that the officers of this corporation are, and each acting alone is, hereby authorized to do and perform any and all such acts, including execution of any and all documents and certificates, as such officers shall deem necessary or advisable, to carry out the purposes and intent of the foregoing resolutions.
 
  
RESOLVED FURTHER, that any actions taken by such officer prior to the date of the foregoing resolutions adopted hereby that are within the authority conferred thereby are hereby ratified, confirmed and approved as the acts and deeds of ARC287BC Corporation.
 
  
Date: July 11, 2017
 
 
 
 
 
 
 
 
                                    By: /s/ Wilson X. Bezerra                                                     
                                    Chairman of the Board                                                                 
 
 
 
                                    By: /s/ Jessica Rodriguez                                                     
                                     secretary of the Board                                                                 
EX1A-15 ADD EXHB 18 employboarmauricio.htm EX1C-15EMPBOARDMAU Unassociated Document
 
 
BOARD RESOLUTIONS APPROVING EMPLOYMENT AGREEMENT
APPROVAL OF EMPLOYMENT AGREEMENT
 
 
ARC287BC CORPORATION
 
 
 
  
We, the undersigned, being the Board of Directors of ARC287BC Corporation, organized and existing under the laws of the State of New Jersey, and having principal place of business at 232 Union Blvd., Totowa, NJ 07512 (the"Company"), hereby certify that the following is a true and correct copy of a resolution duly adopted at a meeting of the Shareholders of the Company, duly held and convened on July 11, 2017.
 
  
Be it RESOLVED, that the Board of Directors of ARC287BC Corporation. approves the terms of a proposed Employment Agreement between this corporation and Electronical Engineer Brian Mauricio Martinez Castro.
 
  
RESOLVED FURTHER, that the Officer of the ARC287BC Corporation. is/are, and each acting alone is, hereby authorized to execute and deliver on behalf of this corporation the Employment Agreement substantially in the form attached hereto as Exhibit A with such changes thereto as the person executing the same shall approve, such approval to be conclusively evidenced by the execution and delivery thereof.
 
  
RESOLVED, that the officers of this corporation are, and each acting alone is, hereby authorized to do and perform any and all such acts, including execution of any and all documents and certificates, as such officers shall deem necessary or advisable, to carry out the purposes and intent of the foregoing resolutions.
 
  
RESOLVED FURTHER, that any actions taken by such officer prior to the date of the foregoing resolutions adopted hereby that are within the authority conferred thereby are hereby ratified, confirmed and approved as the acts and deeds of ARC287BC Corporation.
 
  
Date: July 11, 2017
 
 
 
 
 
 
 
 
                                    By: /s/ Wilson X. Bezerra                                                     
                                    Chairman of the Board                                                                 
 
 
 
                                    By: /s/ Jessica Rodriguez                                                     
                                     secretary of the Board                                                                 
EX1A-15 ADD EXHB 19 employboardwilson.htm EX1A-15AEMPBOARDWXB Unassociated Document
 
 
BOARD RESOLUTIONS APPROVING EMPLOYMENT AGREEMENT
APPROVAL OF EMPLOYMENT AGREEMENT
 
 
ARC287BC CORPORATION
 
 
 
  
We, the undersigned, being the Board of Directors of ARC287BC Corporation, organized and existing under the laws of the State of New Jersey, and having principal place of business at 232 Union Blvd., Totowa, NJ 07512 (the"Company"), hereby certify that the following is a true and correct copy of a resolution duly adopted at a meeting of the Shareholders of the Company, duly held and convened on January 1, 2015.
 
  
Be it RESOLVED, that the Board of Directors of ARC287BC Corporation. approves the terms of a proposed Employment Agreement between this corporation and Wilson X. Bezerra.
 
  
RESOLVED FURTHER, that the Officer of the ARC287BC Corporation. is/are, and each acting alone is, hereby authorized to execute and deliver on behalf of this corporation the Employment Agreement substantially in the form attached hereto as Exhibit A with such changes thereto as the person executing the same shall approve, such approval to be conclusively evidenced by the execution and delivery thereof.
 
  
RESOLVED, that the officers of this corporation are, and each acting alone is, hereby authorized to do and perform any and all such acts, including execution of any and all documents and certificates, as such officers shall deem necessary or advisable, to carry out the purposes and intent of the foregoing resolutions.
 
  
RESOLVED FURTHER, that any actions taken by such officer prior to the date of the foregoing resolutions adopted hereby that are within the authority conferred thereby are hereby ratified, confirmed and approved as the acts and deeds of ARC287BC Corporation.
 
  
Date: January 1, 2015
 
 
 
 
 
 
 
 
                                    By: /s/ Wilson X. Bezerra                                                     
                                    Chairman of the Board                                                                 
 
 
 
                                    By: /s/ Jessica Rodriguez                                                     
                                     secretary of the Board                                                                 
EX1A-15 ADD EXHB 20 employboaremmanuel.htm EX1D-15DEMPBOARDEOO Unassociated Document
 
 
BOARD RESOLUTIONS APPROVING EMPLOYMENT AGREEMENT
APPROVAL OF EMPLOYMENT AGREEMENT
 
 
ARC287BC CORPORATION
 
 
 
  
We, the undersigned, being the Board of Directors of ARC287BC Corporation, organized and existing under the laws of the State of New Jersey, and having principal place of business at 232 Union Blvd., Totowa, NJ 07512 (the"Company"), hereby certify that the following is a true and correct copy of a resolution duly adopted at a meeting of the Shareholders of the Company, duly held and convened on July 11, 2017.
 
  
Be it RESOLVED, that the Board of Directors of ARC287BC Corporation. approves the terms of a proposed Employment Agreement between this corporation and Mechanical Engineer Okogu Nnamdi Emmanuel.
 
  
RESOLVED FURTHER, that the Officer of the ARC287BC Corporation. is/are, and each acting alone is, hereby authorized to execute and deliver on behalf of this corporation the Employment Agreement substantially in the form attached hereto as Exhibit A with such changes thereto as the person executing the same shall approve, such approval to be conclusively evidenced by the execution and delivery thereof.
 
  
RESOLVED, that the officers of this corporation are, and each acting alone is, hereby authorized to do and perform any and all such acts, including execution of any and all documents and certificates, as such officers shall deem necessary or advisable, to carry out the purposes and intent of the foregoing resolutions.
 
  
RESOLVED FURTHER, that any actions taken by such officer prior to the date of the foregoing resolutions adopted hereby that are within the authority conferred thereby are hereby ratified, confirmed and approved as the acts and deeds of ARC287BC Corporation.
 
  
Date: July 11, 2017
 
 
 
 
 
 
 
 
                                    By: /s/ Wilson X. Bezerra                                                     
                                    Chairman of the Board                                                                 
 
 
 
                                    By: /s/ Jessica Rodriguez                                                     
                                     secretary of the Board                                                                 
EX1A-15 ADD EXHB 21 EX1A-15Shareholderresolu1.htm EX1A-15SHAREHOLDER
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.txt
<DESCRIPTION>
<TEXT>


SHAREHOLDER RESOLUTION
OF
ARC287BC Corporation

We, the undersigned, being all the shareholders of ARC287BC,
organized and existing under the laws of the State of New Jersey, and having principal place of business at 232 Union Blvd., Totowa, NJ 07512(the "Company"), hereby certify that the following is a true and correct copy of a resolution duly adopted at a meeting of the Shareholders of the Company, duly held and convened on October 2, 2016.

The meeting was called to order. It was determined that a quorum was present in person, such that the meeting could conduct business, and that such resolution has not been modified, rescinded or revoked, and is at present in full force and effect.


The following shareholders were present:
Names of Shareholders Number of Shares
Wilson X. Bezerra                     1

The Secretary determined and reported that notice of the meeting had been
given or waived by Shareholders in accordance with the bylaws.

We do hereby consent to the adoption of the following, as if it was adopted at a regularly called meeting of the Shareholders of the Company, in accordance with the relevant state laws, and the bylaws of the Company, by unanimous consent, the Shareholders decided that:

The Company shall sell 50,000,000 (fifty million) shares of its common
stock at a price of $1.00 (one and no/I 00 dollars US) per share by
way of a Regulation A offering. This offering shall commence immediately.

Therefore, it is resolved that:

The Company shall sell 50,000,000 (fifty million) shares of its common
stock at a price of$ l.00 (one and no/100 dollars US) per share by way
of a Regulation A offering. This offering shall commence immediately.

The Board of Directors and Officers of the Company are authorized to perform the acts to carry out this Shareholder Resolution.


CERTIFICATION OF SECRETARY


The Secretary of the Company hereby certifies that he is the duly elected and
qualified Secretary of the Company and certifies that the above is a true and
correct record of the Shareholders resolution that was duly adopted by the
Company on October 2, 2016.


/s/Wilson X. Bezerra

Wilson X. Bezerra
Printed Name

Date: September 13, 2017

</TEXT>
</DOCUMENT>
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