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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 2270 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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(A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | |||||||||
Convertible Preferred Stock (4) | $ 0.008 | 11/17/2000 | Â | J | 125,000 | Â | Â (4)(5) | Â (4)(5) | Common Stock | $ 0.008 | 125,000 | Â | ||
Convertible Loan Common Shares (5) (6) | $ 0.7 | 12/31/2004 | Â | J | 1,146,623 | Â | Â (5)(6) | Â (5)(6) | Common Stock | $ 0.7 | 1,146,623 | Â | ||
Anti-dilution Common Shares (7) | $ 0 | 12/31/2004 | Â | J | 12,785,508 | Â | Â (7) | Â (7) | Common Stock | $ 0 | 12,785,508 | Â | ||
Stock Option for 6,000,000 common shares (8) | $ 0.6 | 07/22/2004 | Â | J | 6,000,000 | Â | 07/22/2004 | 07/22/2009 | Common Stock | $ 0.6 | 6,000,000 | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Doubletree Capital Partners, Inc. 2560 N RICE STREET ST PAUL, MN 55113 |
 |  X |  |  |
Bernard L. Brodkorb | 07/13/2006 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Common Stock (restricted) shares owned by Doubletree Capital Partners, Inc. to secure convertible debt loans. These shares were converted to post-split shares reverse stock split effective January 22, 2004. |
(2) | Common Stock (restricted) owned by Doubletree Liquidation Corporation, an affiliate of Doubletree Capital Partners, Inc., also owned by the same ownership interest of Doubletree Capital Partners, Inc., to specifically pay the debts of ShoptropolisTV.com, a former 100% subsidiary; issued 32,143 post-split shares on March 31, 2001. This is reported here to show beneficial interest in common shares. |
(3) | Common Stock (restricted) owned by Doubletree Liquidation Corporation for indemification agreement issued to ISA Internationale Inc. by Doubletree Liquidation Corporation in July 2004. This is reported here to show beneficial interest in common shares. |
(4) | Convertible Preferred Stock pursuant to reorganization agreement between ISA Internationale Inc. and Doubletree Capital Partners, Inc. dated November 7, 2000 and convertible common stock (restricted) shares at the option of Doubletree Capital Partners, Inc. They are reflected as post-split shares after reverse stock split effective January 22, 2004; 5,000,000 Preferred Shares convertible into 17,500,00 common shares (pre-split) converts into 125,000 common shares (post-split). |
(5) | Convertible securities and option agreement with Doubletree Capital Partners, Inc. are exerciseable at any time, or as outherwise specified. |
(6) | Convertible loans made and related accrued interest due to Doubletree Capital Partners, Inc.by Company are convertible at $0.07 per share at the option of Doubletree Capital partners, Inc. and are here reflected as post-split shares based upon reverse stock split effective January 22, 2004. As of September 30, 2005, 1,146,623 common shares (restricted) are due Doubletree Capital Partners, Inc. |
(7) | Anti-dulution Common Shares (restricted) due to Doubletree Capital Partners, Inc. to equal no less than 75% of all outstanding common shares after all issuance of common shares converting ISAI convertible preferred shares to common shares and to convert loan shares to common shares; There are 12,785,508 common shares (restricted) that would be due Doubletree Capital Partners, Inc., if the option was exercised as of September 30, 2005. |
(8) | Represents Common Stock (restricted) Shares due Doubletree Capital Partners, Inc. upon exercise at specified option price of $0.60 per share for 5 year period commencing July 22, 2004. |