Registration No.   333-210325  


UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

AMENDMENT NO. 5
TO THE

FORM S-1

REGISTRATION STATEMENT

UNDER


THE SECURITIES ACT OF 1933


NABUFIT GLOBAL, INC.
 (Exact

NewBridge Global Ventures, Inc.

(Exact name of registrant as specified in its charter)

Delaware

737284-1089377

(State or other jurisdiction of

incorporation or organization)

8748
(Primary Standard Industrial


Classification Code Number)

84-1089377
(I.R.S. Employer


Identification Number)
No.)


0-11730

NewBridge Global Ventures, Inc.

626 East 1820 North

Orem, UT 84097

801-362-2115

(Commission
File Number)



NABUfit Global, Inc.
626 East 1820 North
Orem, UT 84097
801-362-2115

(Address, including zip code, and telephone number, including area code, of registrant's principal executive offices)

Brian Mertz
Chief Executive Officer
626 East 1820 North
Orem, UT 84097
801-362-2115
(Name, address, including zip code, and telephone number, including area code, of agent for service)

Copies to:

J. Martin Tate, Esq.
Lance Lehnhof, Esq.
Carman Lehnhof Israelsen, LP
299 S. Main Street,

Action Stock Transfer Corporation

2469 East Fort Union Boulevard, Suite 1300

214

Salt Lake City, UT 84111

Utah 84121

(801) 534-4435

274-1088

(Address, including zip code and telephone
number, including area code, of registrant’s
principal executive offices)

(Name, address, including zip code and telephone
number, including area code, of agent for service)

1

Copies to:

J. Martin Tate, Esq.

Lance Lehnhof, Esq.

Carman Lehnhof Israelsen, LP

299 S. Main Street, Suite 1300

Salt Lake City, UT 84111

(801) 534-4435

Approximate date of commencement of proposed sale to the public: Promptlypublic: From time to time after the effective date of this registration statement.

statement, as shall be determined by the selling stockholder identified herein.

If any of the securities being registered on this Formform are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, ("Securities Act") check the following box:

[X]

If this Formform is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. 


offering: [  ]

If this Formform is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. 

offering: [  ]

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.  ☑

offering: [  ]


Indicate by check mark whether the registrantRegistrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company, or an emerging growth company. See the definitions of "large“large accelerated filer," "accelerated” “accelerated filer,"” “smaller reporting company” and "smaller reporting company"“emerging growth company” in Rule 12b-2 of the Exchange Act.

Act (Check one):

Large accelerated filer [  ]

Accelerated filer

[  ]

Non-accelerated filer  (Do[  ]
(Do not check if a smaller reporting company)

Smaller reporting company

[X]

Emerging growth company [X]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided in Section 7(a)(2)(B) of the Securities Act. þ

CALCULATION OF REGISTRATION FEE

Title of each class of securities to be registered
 
Amount to
be
Registered (1)
 
Proposed Maximum Offering Price per Share(2)
Proposed Maximum
Aggregate Offering
Price
Amount of
Registration Fee(3)
Common stock, par value $0.0001 per share offered by Company (4)
5,000,000  $0.92 $4,600,000 $463
Common Stock par value $0.0001 per share offered by Selling Stockholders (5)
19,437,236
  $0.92 $17,882,257 $1,800
TOTAL $22,482,257 $2,263
(1) Pursuant to Rule 416(a)

Title of each class of securities to
be registered

 

Amount to be
Registered
(1)(2)

 

 

Proposed
Maximum
Offering Price 
Per Share (2)(3)

 

 

Proposed
Maximum
Aggregate 
Offering Price
(2)(3)

 

 

Amount of
Registration Fee
(2)(3)

 

Common Stock, par value $0.0001 per share offered by Kodiak

 

2,000,000

 

 

 

$

NA

 

 

$2,000,000

 

 

 

$

249

 

 Common Stock par value $0.0001 per share offered by remaining Selling Shareholders

 

2,822,652

 

 

 

$

1.65

 

 

 $4,657,376

 

 

 

580 

 

 

Total

 

 4,822,652

 

 

 

 $

 

 

 

$6,657,376

 

 

 

$

829

 

(1) The shares of our common stock being registered hereunder are being registered for sale by the Selling Stockholders and Kodiak Capital, as defined in the accompanying prospectus.

(2) Pursuant to Rule 416, the securities being registered hereunder include such indeterminate number of additional securities as may be issuable to prevent dilution from stock splits, stock dividends, or similar transactions.

(3) Estimated solely for purposes of calculating the registration fee according to Rule 457(c) under the Securities Act of 1933, as amended. Common stock shares issuable under the Purchase Agreement are calculated on the basis of the average of the bid and asked prices of the Registrant’s common stock reported on the OTCQB market on December 28, 2017 of $1.65.

The Registrant hereby amends this Registration Statement also covers any additional securities that may be offered or issued in connection with any stock split, stock dividend, or similar transaction. 

(2)
Estimated solely for the purpose of calculating the registration fee in accordance with Rule 457(c) of the Securities Act of 1933, as amended (the "Securities Act"), for the public offering on the basis of a discount from the average of the bid and asked prices of the registrant's common stock reported on the OTCQB on June 2, 2016 of $1.85 and Rule 457(a) of the offering by our stockholders.
(3)  A registration fee of $7,080.38 has been paid previously.  
(4)This registration statement covers under one prospectus, the registrant's public offering of up to 5,000,000 shares of the registrant's common stock, par value $0.0001 per share (the "Common Stock").  The Common Stock will be sold in indeterminate number of shares being sold on a best efforts basis.
(5)
This registration statement also covers, under a separate prospectus, the resale (the "Resale Prospectus") of an aggregate of 19,437,236 shares of Common Stock owned by all of the current stockholders (the "Selling Stockholders"), each as identified in the Resale Prospectus defined below. Approximately 13,508,870 of the shares held by the Selling Stockholders are subject to lock-up under the terms of the lock-up agreement and will not be eligible for resale until December 2016.  The Shares of Common Stock sold pursuant to the Resale Prospectus will be offered pursuant to "shelf registration" process.  The Company will not receive any proceeds from the Resale.
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The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrantRegistrant shall file a further amendment thatwhich specifically states that this registration statementRegistration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act as amended, or until the registration statementRegistration Statement shall become effective on such date as the Commission, acting pursuant to Section 8(a), may determine.

The information in this prospectus is not complete and may be changed. The selling stockholders shall not sell these securities until the registration statement filed with the Securities and Exchange Commission acting pursuantis effective. This prospectus is not an offer to said Section 8(a), may determine.

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EXPLANATORY NOTE
This registration statement contains two forms of prospectus, as set forth below.
Public Offering Prospectus. A prospectus to be used for the public offering by the registrant of up to 5,000,000 shares of common stock (the "Public Offering Prospectus"), sold on a "best efforts" basis by our directors and officers on a self-underwritten basis.
Resale Prospectus. A prospectus to be used in connection with the potential distribution by the Selling Stockholders of up to an aggregate of 19,437,236 shares of the registrant's common stock (the "Resale Prospectus") using a "shelf registration" process.
The Public Offering Prospectussell these securities and it is not soliciting an offer to buy these securities in any state or other jurisdiction where the Resale Prospectus will be identical in all respects except for the following:
they contain different front covers;
they contain different tables of contents;
the summary contained in The Offering section is not found in the Resale Prospectus;
they contain different Use of Proceeds sections;
a Shares Registered for Distribution section is included in the Resale Prospectus;
a Selling Stockholder section is included in the Resale Prospectus;
● they contain different Plan of Distribution sections; and
they contain different back covers.
The registrant has included in this registration statement, after the financial statements, a set of alternate pagesoffer or sale is not permitted.


2


PRELIMINARY PROSPECTUS

Subject to reflect the foregoing differences between the Resale Prospectus and the Public Offering Prospectus.

4



PROSPECTUS
Subject to Completion,
                  Dated        August 31 , 2016  
NABUFIT GLOBAL, INC

Up to 5,000,000Completion, Dated December 28, 2017

NewBridge Global Ventures, Inc.

4,822,653 Shares of Common Stock

NABUfit Global, Inc., a Delaware corporation ("us", "we", "our", "NABUfit Global" or

This prospectus relates to the "Company") is offering to sell up to 5,000,000offer and resale of 2,822,653 shares of our common stock (the “Resell Shares”) by certain shareholders of the Company (“Reselling Shareholders”) as well as the offer and resale by Kodiak Capital Group, LLC (“Kodiak”), a Delaware limited liability company, of 2,000,000 shares of our common stock (“Kodiak Shares”, and together with the Resell Shares, the “Registration Shares”) that Kodiak has agreed to purchase from us in a public offeringaccordance with the terms and conditions of an Equity Purchase Agreement, dated December 1, 2017, (the “Purchase Agreement”), between us and Kodiak, pursuant to which we have the right to “put” to Kodiak (the “Put”) up to $2 million in shares of our common stock. There is no minimum for this offering and we will retain the proceeds from the sale of anyAll of the offered shares that are sold.  The offering will commence promptly on the date upon which this prospectus was declared effectiveResell Shares, when sold, shall be sold by the SECReselling Shareholders and will continue for 180 days.  At the discretion of our management, we may discontinue the offering before expirationall of the 180 day period or extend the offering following the expirationKodiak Shares, when sold, will be sold by Kodiak.

We are not selling any shares of the 180-day offering period.  We will pay all expenses incurredcommon stock in this offering. If all of the shares offered by us are purchased, the grossWe, therefore, will not receive any proceeds to us will be $4,600,000.

The offering of the 5,000,000 shares is a "best efforts" offering, which means that our directors and officers will use their best efforts to sell the common stock and there is no commitment by any person to purchase any shares, and is being conducted on a self-underwritten basis. The shares will be offered at a fixed price of $0.92 per share for the duration of the offering. There is no minimum number of shares required to be sold to close the offering. Proceeds from the sale of the shares by Kodiak. We will, however, receive proceeds from the sale of securities pursuant to our exercise of the Put under the Purchase Agreement.

Kodiak is an “underwriter” within the meaning of the Section 2(a)(11) of the Securities Act of 1933, as amended.

Kodiak may sell common stock from time to time in the principal market on which the stock will be used to fund our business development. The offering date istraded at the date by which this Registration Statement becomes effective.

The Company anticipates that someprevailing market price or in negotiated transactions. See “Plan of Distribution” for more information about how Kodiak may sell the shares of common stock being registered pursuant to this prospectus. Kodiak has informed us that it does not have any agreement or understanding, directly or indirectly, with any person to distribute the common stock.

We have paid and will be sold directly topay the public by the Company's officers and directors without the participation of an underwriter and  up to 2,500,000 ofexpenses incurred in registering the shares, will be sold through one or more dealers or agents. The Company has engaged Arrowhead Capital Advisors, a divisionincluding legal and accounting fees. See “Plan of Trump Securities, LLC to assist in the placement of  a portion of the shares in consideration of the payment of $10,000 and 10% of the amount sold .   See "Plan of Distribution."

Our common stock is currently tradesquoted on the OTCQB market under the symbol NBFT.

We continue to be a "smaller reporting company," as defined under“NBGV”. On December 28, 2017, the Exchange Act, and we are an "emerging growth company" under the federal securities laws and will have the option to use reduced public company reporting requirements.
Investing inlast quoted sale price of our common stock involves a high degree of risk.as reported on the OTCQB Market was $1.65 per share.

We may amend or supplement this prospectus from time to time by filing amendments or supplements as required. You should review carefullyread the risks and uncertainties described under the heading "Risk Factors" beginning on page 19 of thisentire prospectus and under similar headings in any amendments or supplements tocarefully before you make your investment decision.

Investing in our securities involves significant risks, including those set forth in the “Risk Factors” section of this prospectus.

prospectus beginning on page 10.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.


The securities being offering underdate of this prospectus are being offered on a best efforts basis.  There is no minimum number of shares required to be sold to close the offering.  Purchases of securities shall not be eligible for cancellation and funds received will not be held in escrow and will not be eligible for return.  All funds received from sale of securities offered by this prospectus may be used immediately upon receipt by the Company.  Funds received and used by the Company may not be sufficient to carry out the Company's business plan.  See "Risk Factors" beginning on page 19 of this prospectus.

5
December 28, 2017



3


TABLE OF CONTENTS


PROSPECTUS SUMMARY

9

Page

SUMMARY CONSOLIDATED FINANCIAL DATA

15

RISK FACTORS

PROSPECTUS SUMMARY

18

6

DISCLOSURE

THE OFFERING

7

RISK FACTORS

10

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

37

19

INDUSTRY AND MARKET DATA

39

USE OF PROCEEDS

40

19

MARKET PRICE OF OUR COMMON STOCK

41

DIVIDEND POLICY

42

19

CAPITALIZATION

43

SELECTED CONSOLIDATED FINANCIAL

MARKET FOR COMMON EQUITY AND OTHER DATARELATED STOCKHOLDER MATTERS

44

20

MANAGEMENT

DILUTION

21

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

45

22

OUR BUSINESS

52

DESCRIPTION OF BUSINESS

29

DIRECTORS AND EXECUTIVE OFFICERS

32

EXECUTIVE COMPENSATION

39

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

40

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

60

41

DIRECTORS, EXECUTIVE OFFICER, PROMOTERS AND CONTROL PERSONS

62

EXECUTIVE COMPENSATION

SELLING STOCKHOLDER

69

42

PLAN OF DISTRIBUTION

44

DESCRIPTION OF INDEBTEDNESSCAPITAL STOCK

70

47

DESCRIPTION OF SECURITIES

70

DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION FOR SECURITIES ACT LIABILITIES

72

49

MARKET FOR OUR COMMON STOCK

73

MATERIAL U.S. FEDERAL TAX CONSEQUENCES TO NON U.S. HOLDERS OF OUR COMMON STOCK

LEGAL MATTERS

75

50

RELATED PARTY TRANSACTIONS

80

PLAN OF DISTRIBUTION

EXPERTS

83

50

LEGAL MATTERS

89

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE89
EXPERTS89

WHERE YOU CAN FIND MORE INFORMATION

89

50

INDEX TO FINANCIAL STATEMENTS

F-1

51

6




Dealer Prospectus Delivery Obligation
Until  October 3, 2016  (90 days after the date of this prospectus), all dealers that effect transactions in these securities, whether or not participating in this offering, may be required to deliver a prospectus. This is in addition to the dealers' obligation to deliver a prospectus when acting as a placement agent and with respect to any unsold allotments or subscriptions.
7

4



ABOUT THIS PROSPECTUS
This prospectus is part of a registration statement on Form S-1 that we filed with the Securities and Exchange Commission, or the SEC offering to sell up to 5,000,000 shares of our common stock in one or more offerings in any combination, with an aggregate value of up to $4,600,000.

You should rely only on the information contained or incorporated by reference in this prospectus and any prospectus supplement. No one has beenprospectus. We have not authorized anyone to provide you with information that is different from that containedinformation.

We have not authorized the placement agent or incorporated by reference in this prospectus and any amendments and post effective amendments thereto, and, if givenunderwriters, brokers or made, such information or representations must not be relied upon as having been authorized by us. If anyone provides you with different or inconsistent information, you should not rely on it. The information contained in this prospectus, amendment or post-effective amendment is accurate only asdealers to make an offer of the date of such prospectus, amendment or post effective amendment, regardless ofsecurities in any jurisdiction where the time of delivery of this prospectus or any sale of securities described in this prospectus. offer is not permitted.

You should not assume that the information appearing in this prospectus, any amendment or post effective amendment, as well as information we have previously filed with the SEC and incorporated by reference into this prospectus is accurate as of any date other than the date on the front of those documents only. Our business, financial condition, resultsthis prospectus.


5


PROSPECTUS SUMMARY

This summary highlights certain information appearing elsewhere in this prospectus. For a more complete understanding of operations and prospects may have changed since those dates. This prospectus shall not constitute an offer to sell or a solicitation of an offer to buy offered securities in any jurisdiction in which it is unlawful for such person to make such anthis offering, or solicitation.

Youyou should read the entire prospectus any amendment or post-effective amendment, as well as the documents incorporated by reference into such documents, before making an investment decision. Neither the delivery of this prospectus, an amendment or post-effective amendment nor any sale made hereunder shall under any circumstances imply that the information contained or incorporated by reference herein or therein is correct as of any date subsequent to the date hereof or of such amendment or post-effective amendment, as applicable. You should assume that the information appearing in this prospectus, any amendment, or any post-effective amendment or any document incorporated by reference is accurate only as of the date of the applicable documents, regardless of the time of delivery of this prospectus or any sale of securities. Our business, financial condition, results of operations and prospects may have changed since that date.

CURRENCY INFORMATION
Our functional currency is the Danish Krone (DKK) and our reporting currency is U.S. dollars ($) for the purpose of the consolidated financial statements and other financial data contained elsewhere in this prospectus. Consolidated balance sheet accounts are translated into U.S. dollars at the exchange rate of 0.1461 as of December 31, 2015.  Revenue and expenses reported for the period ended December 31, 2015 are translated into U.S. dollars at the average exchange rate for the period of 0.1479.  Equity accounts are translated at historical rates.
8



PROSPECTUS SUMMARY
This summary may not contain all of the information that may be important to you. You should read the entire prospectus,carefully, including the financial statements and related notes, and the risk factors underand the section titled "Risk Factors." Unless otherwise indicated or the context otherwise requires, all referencesfinancial statements. References in this prospectus to "NABUfit“we,” “us,” “our,” the “Company” and “NewBridge” refer to NewBridge Global" "we," "us," "our" or the "Company" are to NABUfit Global, Ventures, Inc., a Delaware corporation.
Company Overview
NABUfit Global, Inc. ("NABUfit Global" or the "Company," formerly CryptoSign, Inc., StrategaBiz, Inc., Agricon Global Corporation and BayHill Capital Corporation) designs, manufactures and markets the NABUfit virtual training and fitness products and services, a state-of-the-art online fitness portal ("NABUfit" or, the "Product") with the option of connecting existing and future monitoring devices (wearables, etc.) to the Product. The Product incorporates interaction and input through Microsoft® Kinect® and other technologies which enable personal data collection, coaching and teaching through mentor services.
Customers obtain access to the Product through the purchase of monthly or annual memberships and the downloading of the software or mobile device application.  The Product provides custom designed training plans, diet plans and access to mentors and coaching.
Through Microsoft® Kinect®, the NABUfit technology collects data and measures each exercise to a set standard and past performances.  Based on the data collection and registration in the Kinect® module the user will receive immediate feedback, e.g. as a percentage, a graphic or an emoticon depending on how well the exercise has been performed. This provides a unique quality assurance ensuring maximum effect of the training. The quick feedback will also reduce the risk of injuries and streamline time spent on training.  Users can access training data, statistics and results online or through mobile device applications.

Membership of the portal will be divided into two levels – a basic membership and a VIP membership.  The difference between the levels of membership will be primarily based upon the access to features and to mentors.
The portal also offers a social forum for its users, where users can interact with like-minded members and train with them virtually. Some people will experience increased motivation by being part of a group. The member can allow others to see all or part of his profile. The personal profiles of the members can be matched, so the portal will suggest network and training mates, and thereby helping to ensure the optimum composition. It will be possible to do real-time training with training mates by sharing the screen in a videoconference on the portal.

Powerful Trends Driving Our Market
Several powerful trends are driving the growth of the virtual health and fitness market:
Individuals and employers are increasingly focused on health and fitness. A variety of factors, such as changing consumer lifestyles and demographics, combined with rising healthcare costs and employers' increased emphasis on productivity, are leading individuals and employers to increasingly focus on health and fitness. Based on information from industry sources, we estimate consumers spent over $200 billion in 2014 on health and fitness services, such as gym and health club memberships, commercial weight management services, and consumer health products, such as weight management products and dietary supplements. In addition, IBISWorld estimates that the corporate wellness industry will grow from $7.2 billion in 2015 to $9.9 billion in 2019 in the United States.*
Advances in technology have enabled the emergence of virtual training and fitness products. Recent technological advances in streamlining video, monitoring sensors, high-speed broadband internet, the introduction of wireless standardssuch as Bluetooth low energy, and other technologies have enabled the emergence of virtual training and fitness programs that may be used by consumers within the confines of their own homes with the abiity to receive real-time feedback based upon monitoring devices and applications which track biometric data, and fit a wide range of consumer preferences.
9

Mobile devices have become the preferred platform for accessing information. Mobile devices have become the preferred platform for people to access information and manage their lives, as well as the primary hub to connect a variety of consumer devices. According to Gartner, by 2018 more than 50% of users will go to a tablet or smartphone first for all online activities.*
More individuals are turning to technology solutions to improve health and fitness. Individuals are increasingly using mobile apps and other software to improve health and fitness, allowing consumers to directly manage and track their health and fitness in unprecedented ways. According to The NPD Group, over 25% of U.S. consumers reported using a fitness app on their smartphone.*
Our Market Opportunity
According to International Data Corporation, or IDC, the wearable devices market is growing faster than any other segment of the global consumer electronics market.* In 2014, shipments of wearable devices more than tripled compared to the prior year, reaching a total of 28.9 million units shipped.* IDC expects the market for wearable devices will reach 173.4 million units shipped in 2019, representing a $44.7 billion worldwide revenue opportunity.* Based upon this information, we believe that our products and platform, and the ability to connect with wearable devices are primed to take advantage of this expanding market, and that the future growth of this market represents a significant opportunity for us. As we develop our platform and as consumers increasingly view our connected health and fitness products and services as an alternative or complement to other health and wellness activities, we believe there is an opportunity to reach a significant portion of the expanding health and fitness market.  Based on information from industry sources, we estimate this market represents over $200 billion and includes consumer spend on health and fitness services, such as gym and health club memberships, commercial weight management services, and consumer health products, such as weight management products and dietary supplements. The broader health and fitness market, however, presents several challenges to overcome before we are able to take advantage of this opportunity, including competition from larger, more established traditional health and fitness companies, uncertainty as to whether consumers will adopt our products and services as an alternative or complement to other health and wellness activities, and our relative lack of experience selling other products and services.
Our Competitive Strengths
We believe the following strengths position us to increase our revenue and profitability:
10

Our Strategy
Our objective is to make NABUfit the premier online fitness and training platform in key markets, beginning with China, Europe and North America. To achieve this goal, we intend to do the following:
11

Selected Risks Associated with Our Business
Our business is subject to a number of risks and uncertainties, including those highlighted in the section titled "Risk Factors" immediately following this prospectus summary. Some of these risks are:
We are in the development stage and do not yet have products or services ready to be marketed.
We operate in a highly competitive market;
We must be able to anticipate and satisfy consumer preferences in a timely manner;
We must successfully develop and timely introduce new products and services or enhance existing products and services;
We must be able to accurately forecast consumer demand for our products and services and adequately manage our inventory;
Our quarterly operating results or other operating metrics may fluctuate significantly;
We rely on a limited number of third-party suppliers, contract manufacturers, and logistics providers over which we have limited control;
Many of our key components in our products come from limited or sole sources of supply, and we are susceptible to supply shortages, long lead times for components, and supply changes, which could disrupt our supply chain;
The market for virtual and connected health and fitness products is still intogether with additional information described below under the early stages of growth and may not continue to develop;
An economic downturn or economic uncertainty may adversely affect demand for our products and services;
Our current and future products and services may experience quality problems from time to time that can result in adverse publicity, product recalls, litigation, regulatory proceedings, and warranty claims;
We may not be able to sustain our revenue growth or profitability in the future; and
Material disruption or breach of our information technology systems or those of third parties could materially damage user and business partner relationships.
Corporate Information
We wereheading “Where You Can Find More Information.”

Organization

NewBridge Global Ventures, Inc. was incorporated in Colorado in May 1983 in the State of Colorado and reincorporatedre-incorporated in the State of Delaware in April 2008. Our principal executive offices are located at 626 East 1820 North, Orem, UT 84097. Our telephone number is (801) 362-2115. Our website address is www.nabufitglobal.com. (The information contained on, or that can be accessed through, our website is not incorporated by reference into this prospectus2008.  Effective June 20, 2014 the Company sold its prior subsidiary and should not be considered to be part of this prospectus.)


Share Exchange

became a shell company. On November 30, 2015, we consummated the transaction evidenced by an Agreement and Plan of Share Exchange (the "Share Exchange Agreement") dated October 8, 2015 by and among the Company NABUfit Global ApS, a Danish company ("NABUfit Denmark") and Mads H. Frederiksen and Ulrik Møll  ("Shareholder Representatives"), as the representatives of the shareholders holding one hundred percent (100%) of the issued and outstanding capital stock of NABUfitNabufit Denmark, (collectively, the "NABUfit Shareholders" and each a "NABUfit Shareholder"), pursuant to which the Company acquired from the NABUfit ShareholdersNabufit Denmark shareholders all of the issued and outstanding equity interests of NABUfitNabufit Denmark in exchange for 15,500,000516,667 shares of the Company (the "Share Exchange"“Share Exchange”).  As a result of the Share Exchange, the NABUfit Shareholders, as the former shareholders of NABUfitNabufit Denmark, became the controlling shareholders of the Company and NABUfit Denmark became a subsidiary of the Company.  The Share Exchange was accounted for as a reverse takeover/recapitalization effected by a share exchange, wherein NABUfit Denmark is considered the acquirer for accounting and financial reporting purposes.  The capital, share price, and earnings per share amount in these consolidated financial statements for the period prior to the reverse merger were restated to reflect the recapitalization in accordance with the exchange ratio established in the merger.
As a result of the Share Exchange, we discontinued our pre-exchange business, acquired the business of NABUfit Denmark and have continued the existing business operations of NABUfit Denmark as a publicly traded company under the name NABUfit Global, Inc.

Implications of Being an Emerging Growth Company
As a company with less than $1.0 billion in revenue during our last completed fiscal year, we qualify as an "emerging growth company" as defined in the Jumpstart Our Business Startups Act of 2012, or the JOBS Act. An emerging growth company may take advantage of specified reduced reporting requirements that are otherwise applicable generally to public companies. These reduced reporting requirements that are available to us include:
12

an exemption from compliance with the auditor attestation requirement on the effectiveness of our internal control over financial reporting;
an exemption from compliance with any requirement that the Public Company Accounting Oversight Board may adopt regarding mandatory audit firm rotation or a supplement to the auditor's report providing additional information about the audit and the financial statements;
reduced disclosure about our executive compensation arrangements; and
an exemption from the requirements to obtain a non-binding advisory vote on executive compensation or a stockholder approval of any golden parachute arrangements.
In addition, Section 107 of the JOBS Act also provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We are not choosing to "opt out" of this provision. Section 107 of the JOBS Act provides that our decision to opt out of the extended transition period for complying with new or revised accounting standards is irrevocable.
We will remain an "emerging growth company" until the last day of our fiscal year following the fifth anniversary of the date of our first sale of common equity securities pursuant to an effective registration under the Securities Act, or until the earliest of (i) the last day of the first fiscal year in which our total annual gross revenues exceed $1 billion, (ii) the date that we become a "large accelerated filer" as defined in Rule 12b-2 under the Securities Exchange Act of 1934, which would occur if the market value of our ordinary shares that is held by non-affiliates exceeds $700 million as of the last business day of our most recently completed second fiscal quarter or (iii) the date on which we have issued more than $1 billion in non-convertible debt during the preceding three year period.
Until such time, however, we cannot predict if investors will find our common stock less attractive because we may rely on these exemptions. If some investors find our common stock less attractive as a result, there may be a less active trading market for our common stock and our stock price may be more volatile. Because we have elected to take advantage of certain of the reduced disclosure obligations and may elect to take advantage of other reduced reporting requirements in future filings, the information that we provide to our stockholders may be different than you might receive from other public reporting companies in which you hold equity interests.
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THE OFFERING
Issuer
Common stock offered by us
NABUfit Global, Inc.
Up to 5,000,000 shares on a self-underwritten "best efforts" basis.
Common stock outstanding as of prior to the offering19,437,236 shares.
Common stock to be outstanding after the offeringUp to 24,437,236 shares.
Use of proceeds
The offering price for the shares of common stock offered under this registration statement is $0.92 and the maximum offering proceeds, less expenses will be approximately $4,500,000.  The total offering proceeds could be reduced if the Company does not conduct a direct participation offering, but rather retains one or more placement agents and must pay commissions to such persons. Unless otherwise indicated in the prospectus supplement, we will use the net proceeds from the sale of securities offered by this prospectus primarily for general corporate purposes, including working capital, research and product development of our technology and virtual fitness traning platform, advertising, sales and marketing activities, general and administrative matters and capital expenditures. We may also use a portion of the proceeds to acquire or invest in complementary products or businesses.
We have not yet determined the amount of net proceeds to be used specifically for any of the foregoing purposes. Accordingly, our management will have broad discretion over the uses of such proceeds. This is an "any-or all" best efforts offering, and there can be no assurance that the offering contemplated hereby will ultimately be consummated. It is anticipated that some or all of the registered shares shall be sold in one or more direct offereings or used in connection with one or more strategic acquisitions.

To the extent that we are unable to raise a sufficient amount of proceeds in this offering, we may not be able to achieve all our business objectives in a timely manner.
See "Use of Proceeds" for more information.
Potential purchases by affiliatesCertain of our affiliates may purchase shares of our common stock in this offering on the same terms as they are offered and sold to the public.
Fees and Expenses
Risk factors
We will pay the fees and expenses related to the Offering.
The shares of common stock offered hereby involve a high degree of risk. See "Risk Factors."
Dividend policyWe currently intend to retain any future earnings to fund the development and growth of our business. Therefore, we do not currently anticipate paying cash dividends on our Common Stock.
Trading Symbol
Our Common Stock is quoted on the OTC Markets (OTCQB) under the symbol "NBFT".  
Lock-Up
Certain NABUfit Shareholders, holding an aggregate of 13,508,870 shares of our Common Stock, entered into lock-up agreements dated on or about October 8, 2015, or the "Lock-Up Agreements," whereby they are restricted for a period of twelve months after the Share Exchange, or the Restricted Period, from certain sales or dispositions (including pledge) of all of our Common Stock held by (or issuable to) them, such restrictions together referred to as the Lock-Up.
In addition, each Restricted Holder agreed, for a period of 18 months following the closing date of the Lock-Up Agreements, that it will not, directly or indirectly, effect or agree to effect any short sale (as defined in Rule 200 under Regulation SHO of the Exchange Act), whether or not against the box, establish any "put equivalent position" (as defined in Rule 16a-1(h) under the Exchange Act) with respect to the Common Stock, borrow or pre-borrow any shares of Common Stock, or grant any other right (including, without limitation, any put or call option) with respect to the Common Stock or with respect to any security that includes, relates to or derives any significant part of its value from the Common Stock or otherwise seek to hedge its position in the Common Stock.

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SUMMARY CONSOLIDATED FINANCIAL DATA
The following table sets forth selected historical statements of operations for the period from June 26, 2015 (date of inception) through December 31, 2015 and for the three month period ended March 31, 2016 (unaudited) and balance sheet data as of December 31, 2015 and March 31, 2016 (unaudited). NABUfit Global ApS ("NABUfit Denmark") was considered the accounting acquirer in the Share Exchange and, as a result, the assets and liabilities and the historical operations that are reflected in our financial statements are those of NABUfit Denmark. Therefore, the historical financial data of NABUfit Denmark is deemed to be our historical financial data.
The balance sheet data as of December 31, 2015 and the statement of operations data for the period from June 26, 2015 (date of inception) through December 31, 2015 have been derived from our audited financial statements for that period included elsewhere in this prospectus.   The balance sheet data as of March 31, 2016 and a statement of operations data for the three month period ended March 31, 2016 are derived from unaudited financial statements.
The following data for period from June 26, 2015 (date of inception) through December 31, 2015, and the three months ended March 31, 2016 should be read in conjunction with "Management's Discussion and Analysis of Financial Condition and Results of Operations" included in this prospectus and with our financial statements and the related notes and other financial information included in this prospectus.
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NABUFIT GLOBAL, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
       
  From June 26, 2015     
  (Date of Inception)  For the Three 
  Through  Months Ended 
  December 31, 2015  March 31, 2016 
     (Unaudited) 
Operating Expenses:      
Selling, general and administrative $371,746  $527,846 
         Total Operating Expenses  371,746   527,846 
         
Loss from Operations  (371,746)  (527,846)
Interest income  -   135 
Interest expense  (650)  (17)
         
Net Loss $(372,396) $(527,728)
         
Net loss per common share - basic and diluted $(0.02) $(0.03)
         
Weighted average common shares        
outstanding - basic and diluted  16,166,622   19,437,236 
         
Comprehensive Loss:        
Net Loss $(372,396) $(527,728)
         
Other Comprehensive Loss        
Translation adjustments  (40,378)  32,252 
Total Comprehensive Loss $(412,774) $(495,476)
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NABUFIT GLOBAL, INC. AND SUBSIDIARY
CONSOLIDATED BALANCE SHEET
       
  March 31,  December 31, 
  2016  2015 
  (Unaudited)    
ASSETS      
Current Assets      
Cash $676,878  $1,133,247 
Prepaid expenses and other current assets  117,770   172,939 
Deposits  61,353   7,646 
Total current assets  856,001   1,313,832 
         
Total Assets $856,001  $1,313,832 
         
LIABILITIES AND STOCKHOLDERS' EQUITY        
Current Liabilities        
Accounts payable $31,303  $19,082 
Accrued liabilities  59,130   33,706 
Total current liabilities  90,433   52,788 
         
Total Liabilities $90,433  $52,788 
         
Commitments and Contengiencies  -   - 
STOCKHOLDERS'  EQUITY        
Preferred stock, $.0001 par value, 400,000 shares authorized; no shares 
issued and outstanding  -   - 
Common stock $.0001 par value, 100,000,000 shares authorized;     
19,437,236 shares issued and outstanding at March 31, 2016 and     
December 31, 2015, respectively.  1,944   1,944 
Additional paid-in capital  1,671,874   1,671,874 
Accumulated deficit  (900,124)  (372,396)
Accumulated other comprehensive loss  (8,126)  (40,378)
Total stockholders' equity  765,568   1,261,044 
         
Total Liabilities and Stockholders' Equity $856,001  $1,313,832 
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RISK FACTORS
You should carefully consider and evaluate all of the information in this prospectus, including the risk factors listed below. Risks and uncertainties in addition to those we describe below, that may not be presently known to us, or that may also harm our business and operations. If any of these risks occur, our business, results of operations and financial condition could be harmed, the price of our shares common stock could decline ("Shares"), and future events and circumstances could differ significantly from those anticipated in the forward-looking statements contained in this prospectus.
Risks Associated With This Offering
Because the offering price has been set by the Company, you may not realize a return on your investment upon resale of your shares.
The  offering  price and other terms and  conditions  relative to the  Company's shares have been  determined by us based upon a discount from the current trading price of our common stock and and do not bear any relationship to assets,  earnings,  book  value or any other  objective  financial  criteria. Additionally, the Company has only a limited operating  history with no earnings,  the current trading price of the Company's Common Stock and the price of the offered shares is not based on its earnings,  and as such our  stockholders  may not be able to receive a return on their  investment when they sell their shares of common stock.

We are selling this offering without an underwriter  and may be unable to sell any shares.
This  offering  is  self-underwritten,  that is, we are not going to engage  the services  of an  underwriter or broker-dealer to sell the  shares;  we intend to sell our shares through our officers and directors,  who will receive no  commissions.  There is no guarantee that they will be able to sell any of the shares.  Also, the best efforts offering does not require a minimum amount to be raised.  If we are not able to raise sufficient funds, we may not be able to fully fund our operations as planned, and our business will suffer and your investment may be materially adversely affected. Our inability to successfully conduct a best-effort offering could be the basis of your losing your entire investment in us.
Risks Related to Our Business and Strategy
The Company lacks an established operating history on which to evaluate its business and determine if it will be able to execute our business plan, and can give no assurance that operations will result in profits.
On November 30, 2015, NABUfit Global, Inc. acquired 100% of the outstanding capital stock of NABUfit Global ApS, a Danish company ("NABUfit Denmark") for the purpose of executing the business plan of NABUfit Denmark.  NABUfit Denmark was incorporated in Denmark on June 26, 2015 and operates an online fitness and training platform.  NABUfit Denmark has a limited operating history that makes it difficult to evaluate its business.  NABUfit Denmark has recently begun its operations, and cannot say with certainty when it will begin to generate revenue or achieve profitability.  No assurance can be made that the Company will ever become profitable.
As a rapidly growing company with a relatively limited operating history at our current scale, we face increased risks, uncertainties, expenses and difficulties.

We have a limited operating history at our current scale, and we have encountered and will continue to encounter risks, uncertainties, expenses and difficulties, including:
·developing and launching the NABUfit portal ("NABUfit") and gaining market acceptance and penetration;
·attracting customers;
·entering into new markets and introducing new loan products;
·continuing to develop, maintain and scale our platform;
·effectively using limited personnel and technology resources;
·effectively maintaining and scaling our financial and risk management controls and procedures;
·maintaining the security of our platform and the confidentiality of the information provided and   utilized across our platform; and
·attracting, integrating, and retaining an appropriate number of qualified employees.
If we are not able to timely and effectively address these requirements, our business and results of operations may be harmed.
We have incurred significant losses since our inception and anticipate that we will continue to incur significant losses for the foreseeable future.
We have historically incurred substantial net losses, including net losses of $372,396 during the period from inception (June 26, 2015) through December 31, 2015 and net losses of $527,728 for the three month period ended March 31, 2016. At March 31, 2016, we had an accumulated net loss of $900,124. We expect our net losses to continue as a result of ongoing expansion of our commercial operations, including increased manufacturing, sales and marketing costs. These net losses have had, and will continue to have, a negative impact on our working capital, total assets and stockholders' equity. Because of the numerous risks and uncertainties associated with our commercialization efforts, we are unable to predict when we will become profitable, and we may never become profitable. Even if we do achieve profitability, we may not be able to sustain or increase profitability on a quarterly or annual basis. Our inability to achieve and then maintain profitability could harm our business, financial condition, results of operations and cash flows.
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Further, the net losses we incur may fluctuate significantly from quarter-to-quarter and year-to-year, such that a period-to-period comparison of our results of operations may not be a good indication of our future performance quarter-to-quarter and year-to-year, due to factors including the execution of collaboration, licensing or other agreements and the timing of any payments we make or receive thereunder.
In that the Company only recently commenced business operations, the Company relied on loans and on sales of its debt and equity securities to continue operations. If the Company is unable to raise funds through sales of its securities, there can be no assurance that the Company will be able to implement its business plan, generate sustainable revenue or ever achieve profitable operations. The Company expects to have operating losses until such time as it develops a substantial and stable revenue base. The Company cannot assure you that it can achieve or sustain profitability on a quarterly or annual basis in the future.
If we do not obtain adequate financing, our business will fail.
If we are not successful in earning revenues once we have started our business activities, we may require additional financing to sustain business operations. Currently, we do not have any arrangements for financing and can provide no assurance to investors that we will be able to obtain financing when required. Obtaining additional financing would be subject to a number of factors, including the company's ability to attract customers. These factors may have an effect on the timing, amount, terms or conditions of additional financing and make such additional financing unavailable to us.
No assurance can be given that the Company will obtain access to capital markets in the future or that financing, adequate to satisfy the cash requirements of implementing our business strategies, will be available on acceptable terms. The inability of the Company to gain access to capital markets or obtain acceptable financing could have a material adverse effect upon the results of its operations and upon its financial conditions.
Our operating results may prove unpredictable
Our operating results are likely to fluctuate significantly in the future due to a variety of factors, many of which we have no control over. Factors that may cause our operating results to fluctuate significantly include our ability to generate enough working capital from future equity sales; the level of commercial acceptance by the market of our product; fluctuations in the demand; the amount and timing of operating costs and capital expenditures relating to expansion of our business, operations, 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.
We require funding to develop our business as planned, over the next 24 months.  If we do not secure the funding from this offering or otherwise, we may not be able to develop our business and distribute our product, which will prevent us from generating revenues and achieving profitability.
We anticipate that we will require funding in the amounts being sought in this offering to conduct our operations over the next 24 months in order to develop our business. Our failure to raise such capital or generate the cash flows necessary to finance our business could force us to limit or cease our operations. Our business plan contemplates that we will further develop our platform and product, commence product marketing and enter into agreements with a number of personal trainers. Accordingly, we will need to raise additional funds, and we may not be able to obtain additional debt or equity financing on favorable terms, if at all.
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If we raise additional equity financing, our stockholders may experience significant dilution of their ownership interests, and the per-share value of our common stock could decline. If we engage in debt financing, we may be required to accept terms that restrict our ability to incur additional indebtedness and force us to maintain specified liquidity or other ratios. If we need additional capital and cannot raise it on acceptable terms, we may not be able to, among other things, distribute and market our products, which would negatively impact our business and our ability to generate revenues and achieve profitability.
Our business model is not proven and our services may not be attractive to consumers.
The concept of personal training is strongly established with medium and high-end health clubs generating significant revenue.  However, our business concept revolves around a virtual "gym" with online training and plans being provided through our portal and personal trainers and mentors working with a client remotely, without the aid of facilities provided by a health club.  Though we believe that this is an attractive alternative for clients who are not able to make it to a gym or health club, especially in target markets such as China, or simply find it inconvenient to leave their home to work out, this business model is not yet established in the industry and we will have to convince our customers that remote personal training can be an effective way to maintain a healthy lifestyle.
We believe that we will be successful in marketing our services, but there can be no assurance that we will be able to attract sufficient consumers to achieve profitability or even generate anything but minimal revenues.  If our services are not accepted by consumers, we will fail.
We will rely on third party broadband internet providers and systems and there can be no assurance that such systems will perform effectively and consistently.  If we are not able to find a consistent third party systems, we may not be able to secure long-term customers and our revenues will suffer.
Our system relies upon broadband internet providers to adequately provide sufficient bandwith to connect our users with the system and our mentors and trainers.  We could incur significant expenses, lost revenue, and reputational harm if we fail to detect or effectively address technology issues relating to communication between mentors, personal trainers and users.
Our stand-alone software products also may experience quality or reliability problems. The software we license or develop may contain bugs and other defects that interfere with its intended operation. Any defects we do not detect and fix could result in reduced sales and revenue, damage to our reputation, repair or remediation costs, or legal liability. If our customers face continuing difficulties with communicating with their personal trainers, they may discontinue using our service and we will not be able to generate revenues.
Since we are a new company and lack an operating history, we face a high risk of business failure, which would result in the loss of your investment.
We have only a limited operating history upon which an evaluation of its prospects can be made.  NABUfit Denmark was incorporated in June 2015 and to date we have been involved primarily in the creation of our business plan, development and we have transacted no business operations. Thus, there is no internal or industry-based historical financial data upon which to estimate the company's 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 dominance of other companies offering similar product, the entry of new competitors into the online fitness industry, our ability to attract, retain and motivate qualified personnel, the initiation, renewal or expiration of our customer base, pricing changes by the company or its competitors, specific economic conditions in the fitness industry and general economic conditions. Accordingly, our future revenue and operating results are difficult to forecast.
As of the date of this report, we have earned no revenue. Failure to generate revenue will cause us to go out of business, which will result in the complete loss of your investment.
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We operate in a highly competitive market. If we do not compete effectively, our prospects, operating results, and financial condition could be adversely affected.
The health and fitness market is highly competitive, with companies offering a variety of competitive products and services. We expect competition in our market to intensify in the future as new and existing competitors introduce new or enhanced products and services that are potentially more competitive than our products and services. The health and fitness market has a multitude of participants, including gyms, fitness centers, home fitness equipment, virtual fitness programs and platforms, wearable and connected fitness products and traditional health and fitness companies. We may also face competition from manufacturers of lower-cost solutions. We believe many of our competitors and potential competitors have significant competitive advantages, including longer operating histories, ability to leverage their sales efforts and marketing expenditures across a broader portfolio of products and services, larger and broader customer bases, more established relationships with a larger number of suppliers, contract manufacturers, and channel partners, greater brand recognition, ability to leverage app stores which they may operate, and greater financial, research and development, marketing, distribution, and other resources than we do. Our competitors and potential competitors may also be able to develop products or services that are equal or superior to ours, achieve greater market acceptance of their products and services, and increase sales by utilizing different distribution channels than we do. Some of our competitors may aggressively discount their products and services in order to gain market share, which could result in pricing pressures, reduced profit margins, lost market share, or a failure to grow market share for us. If we are not able to compete effectively against our current or potential competitors, our prospects, operating results, and financial condition could be adversely affected.
If we are unable to anticipate and satisfy consumer preferences in a timely manner, our business may be adversely affected.
Our success depends on our ability to anticipate and satisfy consumer preferences in a timely manner. All of our products are subject to changing consumer preferences that cannot be predicted with certainty. Consumers may decide not to purchase our products and services as their preferences could shift rapidly to different types of connected health and fitness devices or away from these types of products and services altogether, and our future success depends in part on our ability to anticipate and respond to shifts in consumer preferences. In addition, our products and services may have higher prices than many of our earlier products and the products of some of our competitors, which may not appeal to consumers or only appeal to a smaller subset of consumers. It is also possible that competitors could introduce new products and services that negatively impact consumer preference for our health and fitness products, which could result in decreased sales of our products and services and a loss in market share. Accordingly, if we fail to anticipate and satisfy consumer preferences in a timely manner, our business may be adversely affected.

We may be unable to gain any significant market acceptance for our products and services or establish a significant market presence.
Our growth strategy is substantially dependent upon our ability to market our product successfully to prospective clients in the target markets, which shall initially be China, Europe and the United States.   This requires that we heavily rely upon our development and marketing partners in the target markets.  Failure to select the right development and marketing partners in the target markets and other target markets will significantly delay or prohibit our ability to develop the products and services, market the products and gain market acceptance.  Our products and services may not achieve significant acceptance. Such acceptance, if achieved, may not be sustained for any significant period of time. Failure of our services to achieve or sustain market acceptance could have a material adverse effect on our business, financial conditions and the results of our operations.
Because the industry is dependent upon general economic conditions and uncertainties, future developments could result in a material adverse effect on our business.
The amount of money people spend on health and fitness is subject to economic changes and periodical fluctuations. Prolonged declines in the economy and/or a recession could have a material adverse effect on our business. The economies of our target markets are generally affected by numerous factors and conditions, all of which are beyond our control, including (a) interest rates; (b) inflation; (c) employment levels; (d) changes in disposable income; (e) financing availability; (f) federal and state income tax policies; and (g) consumer confidence.
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The market for virtual health and fitness devices is still in the early stages of growth and if it does not continue to grow, grows more slowly than we expect, or fails to grow as large as we expect, our business and operating results would be harmed.
The market for health and fitness products and services is relatively new and unproven, and it is uncertain whether connected health and fitness devices will sustain high levels of demand and wide market acceptance. Our success will depend to a substantial extent on the willingness of people to widely adopt our products and services. In part, adoption of our products and services will depend on the increasing prevalence of virtual and connected health and fitness devices as well as new entrants to the virtual and connected health and fitness device market to raise the profile of both the market as a whole and our own platform.

If we do not compete effectively in our target markets, our operating results could be harmed.
The online fitness and training market is highly competitive and evolving. We will compete with gyms, fitness centers, fitness equipment providers, other virtual trainers and training programs provided by more established companies with better name recognition and stronger capitalization.
Many of our competitors operate with different business models, have different cost structures or participate selectively in different market segments. Most of our current or potential competitors have significantly more financial, technical, marketing, and other resources than we do and may be able to devote greater resources to the development, promotion, sale and support of their products, platforms and distribution channels.  Our competitors also have longer operating histories, more extensive customer bases, greater brand recognition and brand loyalty and broader customer and partner relationships than we have. For example, more established companies that possess large, existing customer bases, substantial financial resources and established distribution channels exist in the market.  Additionally, a current or potential competitor may acquire one of our existing competitors or form a strategic alliance with one of our competitors. Our competitors may be better at developing new products, responding quickly to new technologies and undertaking more extensive marketing campaigns. If we are unable to compete with such companies and meet the need for innovation in our industry, the demand for our products and services could stagnate or substantially decline, we could experience reduced revenue or our marketplace could fail to achieve or maintain more widespread market acceptance, any of which could harm our business.
If potential users within the target markets do not widely adopt online or virtual training or NABUfit fails to achieve and sustain sufficient market acceptance, we will not generate sufficient revenue and our growth prospects, financial condition and results of operations could be harmed.
NABUfit may never gain significant acceptance in the marketplace and, therefore, may never generate substantial revenue or allow us to achieve or maintain profitability. Widespread adoption of virtual and online training portals in the target markets depends on many factors, including acceptance by users that such systems and methods are more convenient or superior to going to a gym or other option other options. Our ability to achieve commercial market acceptance for NABUfit or any other future products also depends on the strength of our sales, marketing and distribution organizations.
We require our clients to have and maintain adequate technology equipment.
Users of the NABUfit portal are required to have personal computers and mobile devices with adequate internet access.  In addition, some features of our products require input from the Microsoft X-Box ® Kinect ®.  Potential users who do not have such equipment will not be able to access the portal without first purchasing such items.  This additional cost may discourage potential clients from purchasing our products and services. 
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We may not be able to generate sufficient revenue from the commercialization of NABUfit to achieve and maintain profitability.
We rely solely on the commercialization of NABUfit to generate revenue, and we expect to generate substantially all of our revenue in the future from subscriptions to the NABUfit portal and the sale of products and services on such Portal. To date, we have not generated any revenue from subscriptions or sales.  We cannot assure you that we will be able to generate such income, achieve, or maintain profitability. If we fail to successfully commercialize NABUfit, we may never receive a return on the substantial investments in product development, sales and marketing we have made, as well as further investments we intend to make, which may cause us to fail to generate revenue and gain economies of scale from such investments.
In addition, potential customers may decide not to purchase NABUfit, or our customers may decide to cancel subscriptions.
If NABUfit does not perform as expected, or if we are unable to satisfy customers' demands for additional product features, our reputation, business and results of operations will suffer.
Our success depends on the market's confidence that NABUfit can develop and provide a reliable, high-quality fitness experience. We currently do not have a completed product and therefore, we have no way to predict the success, efficacy or reliability of NABUfit. We believe that our customers are likely to be particularly sensitive to poor design, functionality, product defects and errors.  In addition, our customers are technologically well informed and may have specific demands or requests for additional functionality. If we are unable to meet those demands through the development of new features for NABUfit or future products, those new features or products do not function at the level that our customers expect, we are unable to increase throughput as expected or we are unable to obtain regulatory clearance or approval of those new features or products, where applicable, our reputation, business and results of operations could be harmed.
We may not be able to attract qualified trainers, mentors or professional athletes, which will decrease the value of our product offering and may make it difficult to differentiate NABUfit from other online training programs.
Our strategy includes developing relationships with professional trainers and athletes that can act as mentors to our clients and provide one-on-one virtual training programs. If we are unable to establish relationships with these trainers and athletes or if these mentors determine that NABUfit is not effective or that alternative products are more effective, or if we encounter difficulty promoting adoption or establishing NABUfit as a standard, our ability to achieve market acceptance of NABUfit could be significantly limited.

We have no experience in marketing and selling NABUfit, and if we are unable to adequately address our customers' needs, it could negatively impact sales and market acceptance of NABUfit and we may never generate sufficient revenue to achieve or sustain profitability.
We have no experience in marketing and selling NABUfit.  NABUfit is a new product and our future sales will largely depend on our ability to establish our marketing efforts in the target markets and adequately address our customers' needs.  We believe it is necessary to establish a strong marketing campaign through social media and other outlets.   Due to the fact we are small and do not have much capital, we must limit our marketing activities and may not be able to make our product known to potential customers. Because we will be limiting our marketing activities, we may not be able to attract enough customers to operate profitably. If we are unable to adequately market our products, it will negatively impact sales and market acceptance of NABUfit and we may never generate sufficient revenue to achieve or sustain profitability. 
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The payment structure we use in our customer arrangements may lead to unpredictable revenue
Users of the NABUfit portal will become members through a monthly subscription model.  Subscribers will provide credit card or ACH information and monthly payments will be made automatically.  However, subscribers may cancel their memberships at any time, which may result in unpredictable revenue streams and fluctuations in operating cash flows.  Therefore, we cannot rely upon our operating results in any particular period as an indication of future performance.
We may not be able to develop new products or enhance the capabilities of NABUfit to keep pace with our industry's rapidly changing technology and customer requirements.
Our industry is characterized by rapid technological changes, new product introductions, enhancements, and evolving industry standards. Our business prospects depend on our ability to develop new products and applications for our technology in new markets that develop as a result of technological and scientific advances, while improving the performance and cost-effectiveness of NABUfit portal.  New technologies, techniques or products could emerge that might offer better combinations of price and performance than NABUfit systems. The market for online or virtual fitness is characterized by rapid innovation and advancement in technology. It is important that we anticipate changes in technology and market demand.  If we do not successfully innovate and introduce new technology into our anticipated product lines or effectively manage the transitions of our technology to new product offerings, our business, financial condition and results of operations could be harmed.
Our current and future products and services may experience quality problems from time to time that can result in adverse publicity, product recalls, litigation, regulatory proceedings, and warranty claims resulting in significant direct or indirect costs, decreased revenue and operating margin, and harm to our brand.
We sell complex products and services that could contain design and manufacturing defects in their materials, hardware, and firmware. These defects could include defective materials or components, or "bugs" that can unexpectedly interfere with the products' intended operations or cause injuries to users. Although we will extensively and rigorously test new and enhanced products and services before their release, there can be no assurance we will be able to detect, prevent, or fix all defects.
Failure to detect, prevent, or fix defects could result in a variety of consequences including greater number of returns of products than expected from users and retailers, regulatory proceedings, product recalls, and litigation, which could harm our revenue and operating results. The occurrence of real or perceived quality problems or material defects in our current and future products could expose us to warranty claims in excess of our current reserves. If we experience greater returns from retailers or users in excess of our reserves, our business and operating results could be harmed. In addition, any negative publicity or lawsuits filed against us related to the perceived quality and safety of our products could also affect our brand and decrease demand for our products and services, and adversely affect our operating results and financial condition.

Any material disruption of our information technology systems, such as the five-hour outage we experienced during the peak holiday season in December 2014, or those of third-party partners could materially damage user and business partner relationships, and subject us to significant reputational, financial, legal, and operational consequences.
We depend on our information technology systems, as well as those of third parties, to develop new products and services, operate our platform and website, host and manage our services, store data, process transactions, respond to user inquiries, interact with mentors and provide other services.  Any material disruption or slowdown of our systems or those of third parties whom we depend upon, including a disruption or slowdown caused by our failure to successfully manage significant increases in user volume or successfully upgrade our or their systems, system failures, or other causes, could cause outages or delays in our services, which could harm our brand and adversely affect our operating results. In addition, such disruption could cause information, including data related to orders, to be lost or delayed which could result in delays or interruptions in providing the services which could reduce demand for our products and services, harm our brand and reputation, and cause our revenue to decline. If changes in technology cause our information systems, or those of third parties whom we depend upon, to become obsolete, or if our or their information systems are inadequate to handle our growth, we could lose users and our business and operating results could be adversely affected.
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We collect, store, process, and use personal information and other customer data, which subjects us to governmental regulation and other legal obligations related to privacy, information security, and data protection, and any security breaches or our actual or perceived failure to comply with such legal obligations could harm our business.
We depend on information technology and telecommunications systems for our operations. We have developed propriety software related to the NABUfit portal and its interface with the Microsoft Kinect. Information technology and telecommunications systems are vulnerable to damage from a variety of sources, including telecommunications or network failures, malicious human acts and natural disasters. We collect, store, process, and use personal information and other user data, and we rely on third parties that are not directly under our control to do so as well. Our users' health and fitness-related data and other highly personal information may include, among other information, names, addresses, phone numbers, email addresses, payment account information, height, weight, and biometric information such as heart rates, sleeping patterns, location, and activity patterns. Due to the volume and sensitivity of the personal information and data we manage and the nature of our products, the security features of our platform and information systems are critical. If our security measures, some of which are managed by third parties, are breached or fail, unauthorized persons may be able to obtain access to or acquire sensitive user data. If we or our third-party service providers, business partners, or third-party apps with which our users choose to share their data were to experience a breach of systems compromising our users' sensitive data, our brand and reputation could be adversely affected, use of our products and services could decrease, and we could be exposed to a risk of loss, litigation, and regulatory proceedings. Depending on the nature of the information compromised, in the event of a data breach or other unauthorized access to or acquisition of our user data, we may also have obligations to notify users about the incident and we may need to provide some form of remedy, such as a subscription to a credit monitoring service, for the individuals affected by the incident. A growing number of legislative and regulatory bodies have adopted consumer notification requirements in the event of unauthorized access to or acquisition of certain types of personal data. Such breach notification laws continue to evolve and may be inconsistent from one jurisdiction to another. Complying with these obligations could cause us to incur substantial costs and could increase negative publicity surrounding any incident that compromises user data. Our users may also accidentally disclose or lose control of their passwords, creating the perception that our systems are not secure against third-party access. Additionally, if third-party service providers that host user data on our behalf experience security breaches or violate applicable laws, agreements, or our policies, such events may also put our users' information at risk and could in turn have an adverse effect on our business. While we maintain insurance coverage that, subject to policy terms and conditions and a significant self-insured retention, is designed to address certain aspects of cyber risks, such insurance coverage may be insufficient to cover all losses or all types of claims that may arise in the event we experience a security breach.

Cybersecurity risks could adversely affect our business and disrupt our operations.
The threats to network and data security are increasingly diverse and sophisticated. Despite our efforts and processes to prevent breaches, our devices, as well as our servers, computer systems, and those of third parties that we use in our operations are vulnerable to cybersecurity risks, including cyber attacks such as viruses and worms, phishing attacks, denial-of-service attacks, physical or electronic break-ins, employee theft or misuse, and similar disruptions from unauthorized tampering with our servers and computer systems or those of third parties that we use in our operations, which could lead to interruptions, delays, loss of critical data, and loss of consumer confidence. In addition, we may be the target of email scams that attempt to acquire sensitive information or company assets. Despite our efforts to create security barriers to such threats, we may not be able to entirely mitigate these risks. Any cyber attack that attempts to obtain our data and assets, disrupt our service, or otherwise access our systems, or those of third parties we use, if successful, could adversely affect our business, operating results, and financial condition, be expensive to remedy, and damage our reputation.
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Our financial performance is subject to risks associated with changes in the value of the U.S. dollar versus local currencies.
Our primary exposure to movements in foreign currency exchange rates relates to non-U.S. dollar denominated sales and operating expenses worldwide. Weakening of foreign currencies relative to the U.S. dollar adversely affects the U.S. dollar value of our foreign currency-denominated sales and earnings, and generally leads us to raise international pricing, potentially reducing demand for our products. In some circumstances, for competitive or other reasons, we may decide not to raise local prices to fully offset the strengthening of the U.S. dollar, or at all, which would adversely affect the U.S. dollar value of our foreign currency denominated sales and earnings. Conversely, a strengthening of foreign currencies relative to the U.S. dollar, while generally beneficial to our foreign currency-denominated sales and earnings, could cause us to reduce international pricing, incur losses on our foreign currency derivative instruments, and incur increased operating expenses thereby limiting any benefit. Additionally, strengthening of foreign currencies may also increase our cost of product components denominated in those currencies, thus adversely affecting gross margins.
We do not use derivative instruments, such as foreign currency forward and option contracts, to hedge certain exposures to fluctuations in foreign currency exchange rates.
Sales of our products and services in the United State and other target markets subjects us to a variety of U.S. and foreign laws and regulations that are continuously evolving, including those related to privacy, data security, and data protection due to our collection, processing, and use of personal information and other user data, such as the E.U. Data Protection Directive which covers the transfer of personal data from the European Union to the United States.
We are or may become subject to a variety of laws and regulations in the United States and abroad that involve matters central to our business, including laws and regulations regarding privacy, data protection, data security, data retention, consumer protection, advertising, electronic commerce, intellectual property, manufacturing, anti-bribery and anti-corruption, and economic or other trade prohibitions or sanctions. These laws and regulations are continuously evolving and developing. The scope and interpretation of the laws that are or may be applicable to us are often uncertain and may be conflicting, particularly with respect to foreign laws.
In particular, there are numerous U.S. federal, state, and local laws and regulations and foreign laws and regulations regarding privacy and the collection, sharing, use, processing, disclosure, and protection of personal information and other user data, the scope of which is changing, subject to differing interpretations, and may be inconsistent among different jurisdictions. We strive to comply with all applicable laws, policies, legal obligations, and industry codes of conduct relating to privacy, data security, and data protection. However, given that the scope, interpretation, and application of these laws and regulations are often uncertain and may be conflicting, it is possible that these obligations may be interpreted and applied in a manner that is inconsistent from one jurisdiction to another and may conflict with other rules or our practices. Any failure or perceived failure to comply with our privacy or security policies or privacy-related legal obligations by us or third-party service-providers or the failure or perceived failure by third-party apps, with which our users choose to share their Fitbit data, to comply with their privacy policies or privacy-related legal obligations as they relate to the Fitbit data shared with them, or any compromise of security that results in the unauthorized release or transfer of personally identifiable information or other user data, may result in governmental enforcement actions, litigation, or negative publicity, and could have an adverse effect on our brand and operating results.
We will need to develop solutions to ensure that data transfers from the E.U. provide adequate protections to comply with the E.U. Data Protection Directive. If we fail to develop such alternative data transfer solutions, one or more national data protection authorities in the European Union could bring enforcement actions seeking to prohibit or suspend our data transfers to the U.S. and we could also face additional legal liability, fines, negative publicity, and resulting loss of business.
Certain health-related laws and regulations such as the Health Insurance Portability and Accountability Act of 1996, or HIPAA, and the Health Information Technology for Economic and Clinical Health Act, or HITECH, may have an impact on our business. For example, we recently announced that we intend to offer HIPAA compliant capabilities to certain customers of our corporate wellness offerings who are "covered entities" under HIPAA, which may include our execution of Business Associate Agreements with such covered entities. In addition, changes in applicable laws and regulations may result in the user data we collect being deemed protected health information, or PHI, under HIPAA and HITECH. If we are unable to comply with the applicable privacy and security requirements under HIPAA and HITECH, or we fail to comply with Business Associate Agreements that we enter into with covered entities, we could be subject to claims, legal liabilities, penalties, fines, and negative publicity, which could harm our operating results.
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Governments are continuing to focus on privacy and data security and it is possible that new privacy or data security laws will be passed or existing laws will be amended in a way that is material to our business. Any significant change to applicable laws, regulations, or industry practices regarding our users' data could require us to modify our services and features, possibly in a material manner, and may limit our ability to develop new products, services, and features. Although we have made efforts to design our policies, procedures, and systems to comply with the current requirements of applicable state, federal, and foreign laws, changes to applicable laws and regulations in this area could subject us to additional regulation and oversight, any of which could significantly increase our operating costs.
The labeling, distribution, importation, marketing, and sale of our products are subject to extensive regulation by various U.S. state and federal and foreign agencies, including the CPSC, Federal Trade Commission, Food and Drug Administration, or FDA, Federal Communications Commission, and state attorneys general, as well as by various other federal, state, provincial, local, and international regulatory authorities in the countries in which our products and services are distributed or sold. If we fail to comply with any of these regulations, we could become subject to enforcement actions or the imposition of significant monetary fines, other penalties, or claims, which could harm our operating results or our ability to conduct our business.
The global nature of our business operations also create various domestic and foreign regulatory challenges and subject us to laws and regulations such as the U.S. Foreign Corrupt Practices Act, or FCPA, the U.K. Bribery Act, and similar anti-bribery and anti-corruption laws in other jurisdictions, and our products are also subject to U.S. export controls, including the U.S. Department of Commerce's Export Administration Regulations and various economic and trade sanctions regulations established by the Treasury Department's Office of Foreign Assets Controls. If we become liable under these laws or regulations, we may be forced to implement new measures to reduce our exposure to this liability. This may require us to expend substantial resources or to discontinue certain products or services, which would negatively affect our business, financial condition, and operating results. In addition, the increased attention focused upon liability issues as a result of lawsuits, regulatory proceedings, and legislative proposals could harm our brand or otherwise impact the growth of our business. Any costs incurred as a result of compliance or other liabilities under these laws or regulations could harm our business and operating results.
Our international operations subject us to additional costs and risks, and our continued expansion internationally may not be successful.
We plan to enter many international markets in a relatively short time and may enter into additional markets in the future. We plan to focus on key markets of China, Europe and the United States and will expand into South America, Australia and a number of other countries in Asia. There are significant costs and risks inherent in conducting business in international markets, including:
establishing and maintaining effective controls at foreign locations and the associated increased costs;
adapting our technologies, products, and services for preferences and customs ;
variations in margins by geography;
increased competition from local providers of similar products;
longer sales or collection cycles in some countries;
compliance with foreign laws and regulations;
compliance with the laws of numerous taxing jurisdictions where we conduct business, potential double taxation of our international earnings, and potentially adverse tax consequences due to U.S. and foreign tax laws as they relate to our international operations;
compliance with anti-bribery laws, such as the FCPA and the U.K. Bribery Act, by us, our employees, and our business partners;
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complexity and other risks associated with current and future foreign legal requirements, including legal requirements related to consumer protection, consumer product safety, and data privacy frameworks, such as the E.U. Data Protection Directive, the proposed E.U. Data Protection Regulation, and applicable privacy and data protection laws in foreign jurisdictions where we currently conduct business or intend to conduct business in the future;
currency exchange rate fluctuations and related effects on our operating results;
economic and political instability in some countries, particularly those in China where we have recently expanded;
the uncertainty of protection for intellectual property rights in some countries and practical difficulties of enforcing rights abroad; and
other costs of doing business internationally.
These factors and other factors could harm our international operations and, consequently, materially impact our business, operating results, and financial condition. Further, we may incur significant operating expenses as a result of our international expansion, and it may not be successful. We expect that we will begin expanding into other target markets; however, we cannot assure you that our expansion plans will be realized, or if realized, be successful. We expect each market to have particular regulatory and funding hurdles to overcome and future developments in these markets, including the uncertainty relating to governmental policies and regulations, could harm our business. If we expend significant time and resources on expansion plans that fail or are delayed, our reputation, business and financial condition may be harmed.  We have limited experience with regulatory environments and market practices internationally, and we may not be able to penetrate or successfully operate in new markets. We may also encounter difficulty expanding into new international markets because of limited brand recognition in certain parts of the world, leading to delayed acceptance of our products and services by users in these new international markets. If we are unable to continue to expand internationally and manage the complexity of our global operations successfully, our financial condition and operating results could be adversely affected.
We may acquire other businesses, form joint ventures or make investments in other companies or technologies that could negatively affect our operating results, dilute our stockholders' ownership, increase our debt or cause us to incur significant expense.
We may pursue acquisitions of businesses and assets. We also may pursue strategic alliances and joint ventures that leverage our proprietary technology and industry experience to expand our offerings or distribution. We have no experience with acquiring other companies and limited experience with forming strategic partnerships. We may not be able to find suitable partners or acquisition candidates, and we may not be able to complete such transactions on favorable terms, if at all. If we make any acquisitions, we may not be able to integrate these acquisitions successfully into our existing business, and we could assume unknown or contingent liabilities. Any future acquisitions also could result in the incurrence of debt, contingent liabilities or future write-offs of intangible assets or goodwill, any of which could have a negative impact on our cash flows, financial condition and results of operations. Integration of an acquired company also may disrupt ongoing operations and require management resources that we would otherwise focus on developing our existing business. We may experience losses related to investments in other companies, which could harm our financial condition and results of operations. We may not realize the anticipated benefits of any acquisition, strategic alliance or joint venture.
Foreign acquisitions involve unique risks in addition to those mentioned above, including those related to integration of operations across different cultures and languages, currency risks and the particular economic, political and regulatory risks associated with specific countries. 
To finance any acquisitions or joint ventures, we may choose to issue shares of common stock as consideration, which could dilute the ownership of our stockholders. Additional funds may not be available on terms that are favorable to us, or at all. If the price of our Common Stock is low or volatile, we may not be able to acquire other companies or fund a joint venture project using our stock as consideration.
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Risks Related to Our Reliance on Third Parties
We will depend on third-parties to market NABUfit in international markets.
We will depend on a number of third parties to market and sell NABUfit internationally. We may not be able to successfully identify marketing and distribution partners and even if we do, such parties may not be able to successfully market and sell NABUfit and may not devote sufficient time and resources to support the marketing and selling efforts that enable the product to develop, achieve or sustain market acceptance. Any of these factors could reduce our revenue from affected international markets, increase our costs in those markets or damage our reputation. In addition, if we are unable to attract additional international distributors, our international revenue may not grow.
We depend on third-parties technologies.
Certain modules of our NABUfit product is built upon third-party technologies, including technologies developed by Microsoft® and as such we are dependent upon licenses from Microsoft and others.  In the event that such licenses are terminated, the Company will not be able to operate its technologies or conduct its business.
Risks Related to Being a Public Company
Our management team has limited experience managing a public company.
Most members of our management team have limited, or no experience managing a publicly-traded company, interacting with public company investors, and complying with the increasingly complex laws pertaining to public companies. Our management team may not successfully or efficiently manage our transition to being a public company subject to significant regulatory oversight and reporting obligations under the federal securities laws and the continuous scrutiny of securities analysts and investors. These new obligations and constituents will require significant attention from our senior management and could divert their attention away from the day-to-day management of our business, which could adversely affect our business, financial condition, and operating results.

We incur significant costs as a result of operating as a public company and our management expects to devote substantial time to public company compliance programs.
As a public company, we incur significant legal, accounting and other expenses due to our compliance with regulations and disclosure obligations applicable to us, including compliance with the Sarbanes-Oxley Act of 2002, or the Sarbanes-Oxley Act, as well as rules implemented by the Securities and Exchange Commission, or SEC, and the OTC Markets. Stockholder activism, the current political environment and the current high level of government intervention and regulatory reform may lead to substantial new regulations and disclosure obligations, which may lead to additional compliance costs and impact, in ways we cannot currently anticipate, the manner in which we operate our business. Our management and other personnel devote a substantial amount of time to these compliance programs and monitoring of public company reporting obligations and as a result of the new corporate governance and executive compensation related rules, regulations and guidelines prompted by the Dodd-Frank Wall Street Reform and Consumer Protection Act, or the Dodd-Frank Act, and further regulations and disclosure obligations expected in the future, we will likely need to devote additional time and costs to comply with such compliance programs and rules. These rules and regulations cause us to incur significant legal and financial compliance costs and make some activities more time-consuming and costly. 
To comply with the requirements of being a public company, we may need to undertake various actions, including implementing new internal controls and procedures and hiring new accounting or internal audit staff. The Sarbanes-Oxley Act requires that we maintain effective disclosure controls and procedures and internal control over financial reporting. We are continuing to develop and refine our disclosure controls and other procedures that are designed to ensure that information required to be disclosed by us in the reports that we file with the SEC is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms, and that information required to be disclosed in reports under the Securities Exchange Act of 1934, or the Exchange Act, is accumulated and communicated to our principal executive and financial officers. Our current controls and any new controls that we develop may become inadequate and weaknesses in our internal control over financial reporting may be discovered in the future. Any failure to develop or maintain effective controls could negatively impact the results of periodic management evaluations and annual independent registered public accounting firm attestation reports regarding the effectiveness of our internal control over financial reporting that we may be required to include in our periodic reports we will file with the SEC under Section 404 of the Sarbanes-Oxley Act, harm our operating results, cause us to fail to meet our reporting obligations or result in a restatement of our prior period financial statements. In the event that we are not able to demonstrate compliance with the Sarbanes-Oxley Act, that our internal control over financial reporting is perceived as inadequate or that we are unable to produce timely or accurate financial statements, investors may lose confidence in our operating results and the price of our Common Stock could decline. In addition, if we are unable to continue to meet these requirements, our Common Stock may not be able to remain eligible for quotation on the OTC Markets.
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We are currently required to comply with the SEC rules that implement Section 404 of the Sarbanes-Oxley Act and are required to make a formal assessment of the effectiveness of our internal control over financial reporting for that purpose. We are required to certify financial and other information in our quarterly and annual reports and provide an annual management report on the effectiveness of our internal control over financial reporting commencing with our second annual report. During the evaluation and testing process, if we identify one or more material weaknesses in our internal control over financial reporting, we will be unable to assert that our internal control over financial reporting is effective.
Our independent registered public accounting firm will not be required to formally attest to the effectiveness of our internal control over financial reporting until the first annual report required to be filed with the SEC following the date we are no longer an "emerging growth company" as defined in the JOBS Act depending on whether we choose to rely on certain exemptions set forth in the JOBS Act. If we are unable to assert that our internal control over financial reporting is effective, or if our independent registered public accounting firm is unable to express an opinion on the effectiveness of our internal control over financial reporting, we could lose investor confidence in the accuracy and completeness of our financial reports, which could harm our business.
Risks Related to Administrative, Organizational and Commercial Operations and Growth
We may be unable to manage our future growth effectively, which could make it difficult to execute our business strategy.
We anticipate growth in our business operations. This future growth could create a strain on our organizational, administrative and operational infrastructure, including technical support and customer service, marketing and general and financial administration.  Our ability to manage our growth properly will require us to continue to improve our operational, financial and management controls, as well as our reporting systems and procedures.
The loss of our President and Chief Executive Officer or our inability to attract and retain highly skilled developers and other personnel could negatively impact our business.
Our success depends on the skills, experience and performance of our Chief Executive Officer, Brian Mertz , and other key employees.  The individual and collective efforts of these employees will be important as we continue to develop NABUfit and as we expand our commercial activities. The loss or incapacity of existing members of our executive management team could negatively impact our operations if we experience difficulties in hiring qualified successors. Our executive officers have employment agreements; however, the existence of an employment agreement does not guarantee the retention of the executive officer for any period of time. 
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If we are unable to protect our domain names, our brand, business, and operating results could be adversely affected.
We have registered domain names for websites, or URLs, that we use in our business, such as Nabufit.com, nabufitglobal.com, nabufitglobal.co.uk, nabufit.co.uk, nabufit.de, nabufitglobal.de and many others. If we are unable to maintain our rights in these domain names, our competitors or other third parties could capitalize on our brand recognition by using these domain names for their own benefit. In addition, although we own the "NABUfit" domain name under various global top level domains such as .com and .net, as well as under various country-specific domains, we might not be able to, or may choose not to, acquire or maintain other country-specific versions of the "Fitbit" domain name or other potentially similar URLs. The regulation of domain names in the United States and elsewhere is generally conducted by Internet regulatory bodies and is subject to change. If we lose the ability to use a domain name in a particular country, we may be forced to either incur significant additional expenses to market our solutions within that country, including the development of a new brand and the creation of new promotional materials, or elect not to sell our solutions in that country. Either result could substantially harm our business and operating results. Regulatory bodies could establish additional top-level domains, appoint additional domain name registrars, or modify the requirements for holding domain names. As a result, we may not be able to acquire or maintain the domain names that utilize the name "NABUfit" in all of the countries in which we currently conduct or intend to conduct business. Further, the relationship between regulations governing domain names and laws protecting trademarks and similar proprietary rights varies among jurisdictions and is unclear in some jurisdictions. Domain names similar to ours may be registered in the United States and elsewhere, and we may be unable to prevent third parties from acquiring and using domain names that infringe, are similar to, or otherwise decrease the value of, our brand or our trademarks. Protecting and enforcing our rights in our domain names and determining the rights of others may require litigation, which could result in substantial costs, divert management attention, and not be decided favorably to us.
Our use of "open source" software could negatively affect our ability to sell our products and subject us to possible litigation.
A portion of the technologies we use incorporates "open source" software, and we may incorporate open source software in the future. Such open source software is generally licensed by its authors or other third parties under open source licenses. These licenses may subject us to certain unfavorable conditions, including requirements that we offer our products and services that incorporate the open source software for no cost, that we make publicly available source code for modifications or derivative works we create based upon, incorporating, or using the open source software, or that we license such modifications or derivative works under the terms of the particular open source license. Additionally, if a third-party software provider has incorporated open source software into software that we license from such provider, we could be required to disclose or provide at no cost any of our source code that incorporates or is a modification of such licensed software. If an author or other third party that distributes open source software that we use or license were to allege that we had not complied with the conditions of the applicable license, we could be required to incur significant legal expenses defending against such allegations and could be subject to significant damages and enjoined from the sale of our products and services that contained the open source software. Any of the foregoing could disrupt the distribution and sale of our products and services and harm our business.
Risks Related to Intellectual Property
If we are unable to protect the confidentiality of our trade secrets, our business and competitive position could be harmed.
We rely upon patents, trademarks, copyright and trade secret protection, as well as non-disclosure agreements and invention assignment agreements with our employees, consultants and third parties, to protect our confidential and proprietary information. Significant elements of NABUfit are based on unpatented trade secrets and know-how that are not publicly disclosed. In addition to contractual measures, we try to protect the confidential nature of our proprietary information using physical and technological security measures. Such measures may not, for example, in the case of misappropriation of a trade secret by an employee or third party with authorized access, provide adequate protection for our proprietary information. Our security measures may not prevent an employee or consultant from misappropriating our trade secrets and providing them to a competitor, and recourse we take against such misconduct may not provide an adequate remedy to protect our interests fully. Enforcing a claim that a party illegally disclosed or misappropriated a trade secret can be difficult, expensive and time-consuming, and the outcome is unpredictable. In addition, trade secrets may be independently developed by others in a manner that could prevent legal recourse by us. If any of our confidential or proprietary information, such as our trade secrets, were to be disclosed or misappropriated, or if any such information was independently developed by a competitor, our competitive position could be harmed.
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Any failure to protect our own intellectual property rights could impair our brand, negatively impact our business or both.
Our success and ability to compete also depend in part on protecting our own intellectual property. We will rely on a combination of patents, copyright, trade secret, trademark and other rights, as well as confidentiality procedures and contractual provisions to protect our proprietary technology, processes and other intellectual property. However, the steps we take to protect our intellectual property rights may be inadequate. Third parties may seek to challenge, invalidate or circumvent our copyright, trade secret, trademark and other rights or applications for any of the foregoing. In order to protect our intellectual property rights, we may be required to spend significant resources. Litigation brought to protect and enforce our intellectual property rights could be costly, time-consuming and distracting to management and could result in the impairment or loss of portions of our intellectual property. Our failure to secure, protect and enforce our intellectual property rights could seriously adversely affect our brand and adversely impact our business.

 We may infringe the intellectual property rights of others, which may prevent or delay our product development efforts and stop us from commercializing or increase the costs of commercializing our products.
Our commercial success depends significantly on our ability to operate without infringing the patents and other intellectual property rights of third parties. For example, there could be issued patents of which we are not aware that our products infringe. There also could be patents that we believe we do not infringe, but that we may ultimately be found to infringe. Moreover, patent applications are in some cases maintained in secrecy until patents are issued. The publication of discoveries in the scientific or patent literature frequently occurs substantially later than the date on which the underlying discoveries were made and patent applications were filed. Because patents can take many years to issue, there may be currently pending applications of which we are unaware that may later result in issued patents that our products infringe. For example, pending applications may exist that provide support or can be amended to provide support for a claim that results in an issued patent that our product infringes.
Our software is built upon open-sourced code and platforms.  Nevertheless, there is a risk a third party may assert that we are employing their proprietary technology without authorization. If a court held that any third-party patents are valid, enforceable and cover our products or their use, the holders of any of these patents may be able to block our ability to commercialize our products unless we obtained a license under the applicable patents, or until the patents expire. We may not be able to enter into licensing arrangements or make other arrangements at a reasonable cost or on reasonable terms. Any inability to secure licenses or alternative technology could result in delays in the introduction of our products or lead to prohibition of the manufacture or sale of products by us.
 Unfavorable outcomes in intellectual property litigation could limit our research and development activities and/or our ability to commercialize certain products.
 If third parties successfully assert intellectual property rights against us, we might be barred from using certain aspects of our technology, or barred from developing and commercializing certain products. Prohibitions against using certain technologies, or prohibitions against commercializing certain products, could be imposed by a court or by a settlement agreement between us and a plaintiff. In addition, if we are unsuccessful in defending against allegations of patent infringement or misappropriation of trade secrets, we may be forced to pay substantial damage awards to the plaintiff. There is inevitable uncertainty in any litigation, including intellectual property litigation. There can be no assurance that we would prevail in any intellectual property litigation, even if the case against us is weak or flawed. If litigation leads to an outcome unfavorable to us, we may be required to obtain a license from the patent owner, in order to continue our research and development programs or to market our product(s). It is possible that the necessary license will not be available to us on commercially acceptable terms, or at all. This could limit our research and development activities, our ability to commercialize certain products, or both.
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Most of our competitors are larger than we are and have substantially greater resources. They are, therefore, likely to be able to sustain the costs of complex patent litigation longer than we could. In addition, the uncertainties associated with litigation could have a material adverse effect on our ability to raise the funds necessary to continue our clinical trials, continue our internal research programs, in-license needed technology, or enter into strategic partnerships that would help us bring our product candidates to market.
In addition, any future patent litigation, interference or other administrative proceedings will result in additional expense and distraction of our personnel. An adverse outcome in such litigation or proceedings may expose us or any future collaborators to loss of our proprietary position, expose us to significant liabilities, or require us to seek licenses that may not be available on commercially acceptable terms, if at all.
Risks Related to Ownership of Our Common Stock
The price of our Common Stock may be volatile and may be influenced by numerous factors, some of which are beyond our control.
Factors that could cause volatility in the market price of our Common Stock include, but are not limited to:
actual or anticipated fluctuations in our financial condition and operating results;
actual or anticipated changes in our growth rate relative to our competitors;
commercial success and market acceptance of NABUfit;
success of our competitors in discovering, developing or commercializing products;
strategic transactions undertaken by us;
additions or departures of key personnel;
prevailing economic conditions;
disputes concerning our intellectual property or other proprietary rights;
sales of our Common Stock by our officers, directors or significant stockholders;
future sales or issuances of equity or debt securities by us;
business disruptions caused by earthquakes, tornadoes or other natural disasters; and
issuance of new or changed securities analysts' reports or recommendations regarding us.
In addition, the stock markets in general have experienced extreme volatility that has been often unrelated to the operating performance of the issuer. These broad market fluctuations may negatively impact the price or liquidity of our Common Stock. In the past, when the price of a stock has been volatile, holders of that stock have sometimes instituted securities class action litigation against the issuer. If any of our stockholders were to bring such a lawsuit against us, we could incur substantial costs defending the lawsuit and the attention of our management would be diverted from the operation of our business.
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As an "emerging growth company" under the JOBS Act, we are permitted to rely on exemptions from certain disclosure requirements.
We qualify as an "emerging growth company" under the JOBS Act. As a result, we are permitted to and may rely on exemptions from certain disclosure requirements. For so long as we are an emerging growth company, we will not be required to: 
have an auditor report on our internal controls over financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley Act;
comply with any requirement that may be adopted by the Public Company Accounting Oversight Board regarding mandatory audit firm rotation or a supplement to the auditor's report providing additional information about the audit and the financial statements (i.e., an auditor discussion and analysis);
submit certain executive compensation matters to shareholder advisory votes, such as "say-on-pay", "say-on-frequency" and "say-on-golden parachute;" and
disclose certain executive compensation related items such as the correlation between executive compensation and performance and comparisons of the Chief Executive's compensation to median employee compensation.
In addition, Section 107 of the JOBS Act also provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We are not choosing to "opt out" of this provision. Section 107 of the JOBS Act provides that our decision to opt out of the extended transition period for complying with new or revised accounting standards is irrevocable.
We will remain an "emerging growth company" until the last day of our fiscal year following the fifth anniversary of the date of our first sale of common equity securities pursuant to an effective registration under the Securities Act, or until the earliest of (i) the last day of the first fiscal year in which our total annual gross revenues exceed $1 billion, (ii) the date that we become a "large accelerated filer" as defined in Rule 12b-2 under the Securities Exchange Act of 1934, which would occur if the market value of our ordinary shares that is held by non-affiliates exceeds $700 million as of the last business day of our most recently completed second fiscal quarter or (iii) the date on which we have issued more than $1 billion in non-convertible debt during the preceding three year period.
Until such time, however, we cannot predict if investors will find our common stock less attractive because we may rely on these exemptions. If some investors find our common stock less attractive as a result, there may be a less active trading market for our common stock and our stock price may be more volatile.
Future sales of our Common Stock or securities convertible or exchangeable for our Common Stock may cause our stock price to decline.
If our existing stockholders sell, or indicate an intention to sell, substantial amounts of our Common Stock in the public market after the lock-up and legal restrictions on resale lapse, the price of our Common Stock could decline. The perception in the market that these sales may occur could also cause the price of our Common Stock to decline.
We also plan to file a registration statement in the near future for the shares issued in the Share Exchange and other holders. Registration of these shares under the Securities Act would result in the shares becoming freely tradable without restriction under the Securities Act, except for shares purchased by affiliates, subject to the lock-up agreements described above. Sales of such shares could cause the price of our Common Stock to decline. 
Our Common Stock is or may become subject to the "penny stock" rules of the SEC and the trading market in the securities is limited, which makes transactions in the stock cumbersome and may reduce the value of an investment in the stock.
Rule 15g-9 under the Exchange Act establishes the definition of a "penny stock," for the purposes relevant to us, as any equity security that has a market price of less than $5.00 per share or with an exercise price of less than $5.00 per share, subject to certain exceptions. For any transaction involving a penny stock, unless exempt, the rules require: (a) that a broker or dealer approve a person's account for transactions in penny stocks; and (b) the broker or dealer receive from the investor a written agreement to the transaction, setting forth the identity and quantity of the penny stock to be purchased.
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In order to approve a person's account for transactions in penny stocks, the broker or dealer must: (a) obtain financial information and investment experience objectives of the person and (b) make a reasonable determination that the transactions in penny stocks are suitable for that person and the person has sufficient knowledge and experience in financial matters to be capable of evaluating the risks of transactions in penny stocks.
The broker or dealer must also deliver, prior to any transaction in a penny stock, a disclosure schedule prescribed by the SEC relating to the penny stock market, which, in highlight form: (a) sets forth the basis on which the broker or dealer made the suitability determination; and (b) confirms that the broker or dealer received a signed, written agreement from the investor prior to the transaction. Generally, brokers may be less willing to execute transactions in securities subject to the "penny stock" rules. If our Common Stock is or becomes subject to the "penny stock" rules, it may be more difficult for investors to dispose of our Common Stock and cause a decline in the market value of our Common Stock.
Disclosure also has to be made about the risks of investing in penny stocks in both public offerings and in secondary trading and about the commissions payable to both the broker or dealer and the registered representative, current quotations for the securities and the rights and remedies available to an investor in cases of fraud in penny stock transactions. Finally, monthly statements have to be sent disclosing recent price information for the penny stock held in the account and information on the limited market in penny stocks.
Our principal stockholders and management own a significant percentage of our stock and will be able to exert significant control over matters subject to stockholder approval.
Based on the beneficial ownership of our Common Stock at December 31, 2015, our officers and directors, together with holders of 5% or more of our outstanding common stock before the Offering and their respective affiliates, will beneficially own approximately 80% of our Common Stock. Accordingly, these stockholders will have significant influence over the outcome of corporate actions requiring stockholder approval, including the election of directors, merger, consolidation or sale of all or substantially all of our assets or any other significant corporate transaction. The interests of these stockholders may not be the same as or may even conflict with your interests. For example, these stockholders could delay or prevent a change in control of the Company, even if such a change in control would benefit our other stockholders, which could deprive our stockholders of an opportunity to receive a premium for their common stock as part of a sale of the company or our assets and might affect the prevailing price of our Common Stock. The significant concentration of stock ownership may negatively impact the price of our Common Stock due to investors' perception that conflicts of interest may exist or arise. 
Shares of our Common Stock that have not been registered under federal securities laws are subject to resale restrictions imposed by Rule 144, including those set forth in Rule 144(i) which apply to a former "shell company."
Prior to the closing of the Exchange, we were deemed a "shell company" under applicable SEC rules and regulations because we had no or nominal operations and either no or nominal assets, assets consisting solely of cash and cash equivalents, or assets consisting of any amount of cash and cash equivalents and nominal other assets. Pursuant to Rule 144 promulgated under the Securities Act, as amended, sales of the securities of a former shell company, such as us, under that rule are not permitted (i) until at least 12 months have elapsed from the date on which this Report, reflecting our status as a non-shell company, is filed with the SEC and (ii) unless at the time of a proposed sale, we are subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act and have filed all reports and other materials required to be filed by Section 13 or 15(d) of the Exchange Act, as applicable, during the preceding 12 months, other than Form 8-K reports. Although we intend to register such shares for sale under the Securities Act, our stockholders will be forced to hold their shares of our Common Stock for at least that 12-month period before they are eligible to sell those shares pursuant to Rule 144, and even after that 12-month period, sales may not be made under Rule 144 unless we and the selling stockholders are in compliance with other requirements of Rule 144. Further, it will be more difficult for us to raise funding to support our operations through the sale of debt or equity securities unless we agree to register such securities under the Securities Act, which could cause us to expend significant time and cash resources. The lack of liquidity of our securities as a result of the inability to sell under Rule 144 for a longer period of time than a non-former shell company could cause the market price of our securities to decline.  Furthermore, to the extent shares of Common Stock were purchased by Non- U.S. Persons pursuant to Regulation S, such shares may not be transferred within the United States or to a "U.S. Person" unless such transfer is made pursuant to registration under the Securities Act, pursuant to an exemption therefrom, or in a transaction outside the United States pursuant to the resale provisions of Regulation S.
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We do not anticipate paying any cash dividends on our Common Stock in the foreseeable future; therefore, capital appreciation, if any, of our Common Stock will be your sole source of gain for the foreseeable future.
We have never declared or paid cash dividends on our Common Stock. We do not anticipate paying any cash dividends on our Common Stock in the foreseeable future. We currently intend to retain all available funds and any future earnings to fund the development and growth of our business. As a result, capital appreciation, if any, of our Common Stock will be your sole source of gain for the foreseeable future.
If securities or industry analysts do not publish research, or publish inaccurate or unfavorable research, about our business, our stock price and trading volume could decline.
The trading market for our Common Stock will depend, in part, on the research and reports that securities or industry analysts publish about us or our business. Securities and industry analysts do not currently, and may never, publish research on the company. If no securities or industry analysts commence coverage of the company, the price for our Common Stock could be negatively impacted. In the event securities or industry analysts initiate coverage, if one or more of the analysts who cover us downgrade our Common Stock or publish inaccurate or unfavorable research about our business, our stock price could decline. In addition, if our operating results fail to meet the forecast of analysts, our stock price could decline. If one or more of these analysts cease coverage of the company or fail to publish reports on us regularly, demand for our Common Stock could decrease, which might cause our stock price and trading volume to decline.
The risks above do not necessarily comprise all of those associated with an investment in the Company. This Report contains forward looking statements that involve unknown risks, uncertainties and other factors that may cause the actual results, financial condition, performance or achievements of the Company 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, but are not limited to, those set out above.
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INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS
This prospectus, including the documents incorporated by reference herein, contains statements that do not directly or exclusively relate to historical facts. Such statements are "forward-looking statements." You can typically identify forward-looking statements by the use of forward-looking words, such as "may," "will," "could," "project," "believe," "anticipate," "expect," "estimate," "continue," "potential," "plan," "forecast" and other similar words. These include, but are not limited to, statements relating to our future financial and operating results, plans, objectives, expectations and intentions and other statements that are not historical facts. These forward-looking statements represent our intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, uncertainties and other factors. Many of these factors are outside of our control and could cause actual results to differ materially from the results expressed or implied by these forward-looking statements.  In addition to the risk factors described under "Risk Factors" beginning on page 8 of this prospectus, these factors include:
·the impact of any new or changed laws, regulations, card network rules or other industry standards affecting our business, including government decision to impose sanctions or other legal restrictions that may restrict our ability to do business in China, Europe, the United States;
·the impact of any significant cancellations, which we may not be able to accurately predict or manage;
·our reliance on third-party processors and service providers;
·our dependence on third party sales, marketing and distribution groups that do not serve us exclusively to market and distribute our products in targeted global markets;
37

·the effect of the loss of key personnel or our relationships with marketing and distribution partners;
·the effects of increased competition, which could adversely impact our financial performance;
·our ability to adopt technology to meet changing industry and customer needs or trends;
·the impact of any decline in the use of credit cards as a payment mechanism for consumers or adverse developments with respect to the credit card industry in general;
·the impact of seasonality on our operating results;
·the impact of any failure in our systems due to factors beyond our control;
·the impact of any material breaches in the security of third-party processing systems we use;
·the impact on our growth and profitability if the markets for the services that we offer fail to expand or if such markets contract;
·our ability (or inability) to continue as a going concern;
·the willingness of the Company's majority stockholders, and/or other affiliates of the Company, to continue investing in the Company's business to fund working capital requirements;
·the Company's ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed;
·the impact on our operating results as a result of impairment of our goodwill and intangible assets;
·our material weaknesses in internal control over financial reporting and our ability to maintain effective controls over financial reporting in the future; and
·the other factors identified in the section of this prospectus entitled "Risk Factors."
We describe material risks, uncertainties and assumptions that could affect our business, including our financial condition and results of operations, under "Risk Factors." We base our forward-looking statements on our management's beliefs and assumptions based on information available to our management at the time the statements are made. We caution you that actual outcomes and results may differ materially from what is expressed, implied or forecast by our forward-looking statements. Accordingly, you should be careful about relying on any forward-looking statements. Reference is made in particular to forward-looking statements regarding growth strategies, financial results, product development, competitive strengths, intellectual property rights, litigation, mergers and acquisitions, market acceptance or continued acceptance of our products, accounting estimates, financing activities, ongoing contractual obligations and sales efforts. Except as required under the federal securities laws and the rules and regulations of the SEC, we do not have any intention or obligation to update publicly any forward-looking statements after the distribution of this prospectus, whether as a result of new information, future events, changes in assumptions, or otherwise. 
38


INDUSTRY AND MARKET DATA
This prospectus contains statistical data, estimates, and forecasts that are based on independent industry publications or reports or other publicly available information, as well as other information based on our internal sources. This information involves a number of assumptions and limitations, are subject to risks and uncertainties, and are subject to change based on various factors, including those discussed in the section titled "Risk Factors" and elsewhere in this prospectus. These and other factors could cause results to differ materially from those expressed in the estimates made by the independent parties and by us.
The source of certain statistical data, estimates, and forecasts contained in this prospectus are based upon the following independent industry publications or reports:
IBISWorld Inc., IBISWorld Industry Report: Corporate Wellness Services in the U.S., September 2015.
International Data Corporation, Consumer Market Model 2010-2021 data, October 2015.
International Data Corporation, Worldwide Wearables 2015-2019 Forecast, October 2015.
The NPD Group, Inc., Retail Tracking Service, Digital Fitness Devices data, January 2013 - September 2015. We refer to connected activity trackers elsewhere in this prospectus, which has been defined in The NPD Group data as digital fitness wrist band and multi-location devices that connect to other devices (e.g., mobile devices and computers, via ANT+, Bluetooth, Wi-Fi, wireless combinations, wired connection only, and other wireless connections). We also refer to GPS fitness watches elsewhere in this prospectus, which has been defined in The NPD Group data as digital fitness watches that are GPS enabled. GPS fitness watches are not included in the connected activity trackers category.
The NPD Group, Inc., Strong Holiday Season Ahead for Wearables as Fitness Device Awareness Doubles, November 5, 2014.

http://www.worldometers.info/world-population/china-population/

http://www.chinainternetwatch.com/tag/e-commerce/

http://www.statista.com/statistics/277391/number-of-online-buyers-in-china/

http://www.mckinsey.com/insights/asia-pacific/china_e-tailing

http://www.scmp.com/news/china/article/1835527/chinas-middle-class-grew-203-million-10-years-report

http://content.ce.org/PDF/2014DigitalAmerica_abridged.pdf#page=11 (page 43)

https://www2.deloitte.com/content/dam/Deloitte/pl/Documents/Press/pl_PRESS_RELEASE_EuropeActive.pdf

http://www.mckinsey.com/insights/marketing_sales/chinas_social-media_boom

http://www.mckinseychina.com/chinas-social-media-boom-2/#sthash.Bcv1swAL.dpuf
39


USE OF PROCEEDS
We are offering up to 5,000,000 shares of our common stock.  Presuming the sale of the 5,000,000 shares being offered under this registration statements, the maximum proceeds to the Company, less expenses would be $4,500,000.   The Board of Directors of the Company has authorized the sale of up to 2,500,000 of the shares through one or more broker-dealers or placement agents, including Arrowhead CapitalAdvisors. If all of the 2,500,000 shares are sold through Arrowhead Capital Advisors or another placement agent, the  maximum total offering proceeds would be reduced by the commissions paid to such placement agents. Arrowhead Capital Advisors and other placement agents may receive commissions of up to $230,000, with net proceeds to the Company being $4,270,000.
We intend to use the proceeds from this offering to expand our organization, research and develop our platform, market our products, attract additional professional mentors and trainers and expand our product offerings. All remaining proceeds will be used for working capital and general corporate purposes.  We may also use a portion of proceeds to acquire or inest in complementary products or businesses.
If we are unable to sell the initial targeted amount of 5,000,000 shares, we intend to first apply any proceeds raised towards the development and marketing of the product and platform.  However, to the extent that we are unable to raise a sufficient amount of proceeds in this offering, we may not be able to achieve all our business objectives in a timely manner.

The amounts and timing of our actual expenditures will depend on numerous factors, including market conditions, results from our research and development efforts, business developments and opportunities and the rate of our growth, sales and marketing activities and competition. Accordingly, our management will have broad discretion in the application of the net proceeds, and investors will be relying on the judgment of our management regarding the application of the proceeds from this offering. We may find it necessary or advisable to use portions of the proceeds from this offering for other purposes. Circumstances that may give rise to a change in the use of proceeds and the alternate purposes for which the proceeds may be used include:
the existence of unforeseen or other opportunities or the need to take advantage of changes in the timing of our existing activities;
the need or desire on our part to accelerate, increase, reduce or eliminate one or more existing initiatives due to, among other things, changing market conditions and competitive developments or interim results of research and development efforts;
results from our business development and marketing efforts, including opportunities that may materialize;
the effect of federal, state and foreign regulation on us and on our identified industries;
our ability to attract development funding or to license or sell our vaccine candidates; and/or
the presentation of strategic opportunities of which we are not currently aware (including acquisitions, joint ventures, licensing and other similar transactions).
40

MARKET PRICE OF OUR COMMON STOCK
Our common stock has been listed on the OTCQB since 1997 and currently trades under the symbol "NBFT".  Prior to that date, there was no public trading market for our common stock. The following table presents the high and low bid prices for the fiscal years ended December, 2015 and 2014.  The prices have been adjusted retroactively to reflect the reverse stock split effective December 2014.  These quotations reflect inter-dealer prices without retail mark-up, mark-down, or commissions and may not necessarily represent actual transactions.

Fiscal year ended December 31, 2015 High  Low 
       
     Fourth quarter $4.00  $2.50 
     Third quarter $4.75  $2.50 
     Second quarter $4.75  $3.50 
     First quarter $7.00  $1.75 
         
Fiscal year ended December 31, 2014 High  Low 
         
     Fourth quarter $3.60  $1.75 
     Third quarter $3.35  $2.40 
     Second quarter $6.00  $2.40 
     First quarter $13.20  $3.00 
As of June 3, 2016, the previous close was $2.20.  As of December 31, 2015, we had approximately 330 holders of record of our common stock. The actual number of stockholders is greater than this number of record holders and includes stockholders who are beneficial owners but whose shares are held in street name by brokers and other nominees.
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DIVIDEND POLICY
We have never paid any cash dividends on our capital stock and do not anticipate paying any cash dividends on our Common Stock in the foreseeable future. We intend to retain future earnings to fund ongoing operations and future capital requirements. Any future determination to pay cash dividends will be at the discretion of our Board of Directors and will be dependent upon financial condition, results of operations, capital requirements and such other factors as the Board of Directors deems relevant.
42


CAPITALIZATION
The table below sets forth our cash and cash equivalents and capitalization on an actual basis as of December 31, 2015 and as of March 31, 2016.
You should consider this table in conjunction with our financial statements and the notes thereto included elsewhere in this prospectus.
  December 31, 2015  March 31, 2016 
     (Unaudited) 
Cash $1,133,247  $676,878 
Stockholders' equity:        
Preferred stock, $.0001 par value, 400,000 shares authorized; no shares 
issued and outstanding  -   - 
Common stock $.0001 par value, 100,000,000 shares authorized;     
19,437,236 shares issued and outstanding at March 31, 2016 and     
December 31, 2015, respectively.  1,944   1,944 
Additional paid-in capital  1,671,874   1,671,874 
Accumulated deficit  (372,396)  (900,124)
Accumulated other comprehensive loss  (40,378)  (8,126)
Total stockholders' equity  1,261,044   765,568 
         
Total capitalization $2,394,291  $1,442,446 

The above table is based on 19,437,236 shares of our common stock outstanding as of December 31, 2015 and March 31, 2016.
43


SELECTED CONSOLIDATED FINANCIAL AND OTHER DATA
We derived the selected consolidated statements of operations data and the selected consolidated balance sheet data as of December 31, 2015 and for the period from June 26, 2015 (date of inception) through December 31, 2015 from our audited consolidated financial statements included elsewhere in this prospectus. The data as of March 31, 2016 and for the three months ended March 31, 2016 was derived from unaudited interim amounts.  Our historical results are not necessarily indicative of the results that may be expected in the future. You should read this data together with our consolidated financial statements and related notes appearing elsewhere in this prospectus.
Consolidated Statement of Operations Data:    
  From June 26, 2015     
  (Date of Inception)  For the Three 
  Through  Months Ended 
  December 31, 2015  March 31, 2016 
     (Unaudited) 
Operating Expenses:      
Selling, general and administrative $371,746  $527,846 
         Total Operating Expenses  371,746   527,846 
         
Loss from Operations  (371,746)  (527,846)
Interest income  -   135 
Interest expense  (650)  (17)
         
Net Loss $(372,396) $(527,728)
         
Net loss per common share - basic and diluted $(0.02) $(0.03)
         
Weighted average common shares        
outstanding - basic and diluted  16,166,622   19,437,236 
         
         
Consolidated Balance Sheet Data:        
  December 31, 2015  March 31, 2016 
      (Unaudited) 
Cash $1,133,247  $676,878 
Working capital  1,261,044   765,568 
Total assets  1,313,832   856,001 
Total long-term debt  -   - 
Accumulated deficit  (372,396)  (900,124)
Total stockholders' equity  1,261,044   765,568 
44


MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS
The following management's discussion and analysis should be read in conjunction with the historical financial statements and the related notes thereto contained in this report. The management's discussion and analysis contains forward-looking statements, such as statements of our plans, objectives, expectations and intentions. Any statements that are not statements of historical fact are forward-looking statements. When used, the words "believe," "plan," "intend," "anticipate," "target," "estimate," "expect" and the like, and/or future tense or conditional constructions ("will," "may," "could," "should," etc.), or similar expressions, identify certain of these forward-looking statements. These forward-looking statements are subject to risks and uncertainties, including those under "Risk Factors" in this Report that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. The Company's actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of several factors. The Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this reportThe following information should be read together and in connection with the management's discussion and analysis of financial condition and results of operations found in any applicable prospectus supplement.
NABUfit Global, Inc., a Delaware Corporation (the "Company") was incorporated in May 1983 in the State of Colorado and re-incorporated in the State of Delaware in April 2008.  On November 30, 2015, we consummated the transaction evidenced by an Agreement and Plan of Share Exchange (the "Share Exchange Agreement") dated October 8, 2015 by and among NABUfit Global and NABUfit Denmark, pursuant to which NABUfit Global acquired from the NABUfit Denmark shareholders ("NABUfit Shareholders") all of the issued and outstanding equity interests of NABUfit Denmark in exchange for 15,500,000 shares of NABUfit Global (the "Share Exchange").  As a result of the Share Exchange, the NABUfit Shareholders, as the former shareholders of NABUfit Denmark, became the controlling shareholders of the Company and NABUfitNabufit Denmark became a subsidiary of the Company.  The Share Exchange was accounted for as a reverse merger/recapitalization effected by a share exchange, wherein NABUfitNabufit Denmark iswas considered the acquirer for accounting and financial reporting purposes.   In September 2017, the Company sold Nabufit Denmark and its other subsidiaries, ceased its previous operations and changed its business model.

On October 19, 2017, the shareholders approved of an amendment to the Company’s Certificate of Incorporation effecting a change of the Company’s name from Nabufit Global, Inc. to NewBridge Global Ventures, Inc. to more accurately reflects its business objectives.  The capital, share price,name change was effective as of December 12, 2017 and earningsthe Company’s new symbol is “NBGV”.

Nature of Business

NewBridge is an early stage business which provides consulting services related to the legal medical cannabis production and distribution industries.  Prior to September 2017, the Company designed, manufactured and marketed the Nabufit virtual training and fitness products and services.  In September 2017, the Company sold its operating subsidiaries and the related business and as a result changed its business model.  

NewBridge is currently engaged in providing business consulting services to several companies in the medical marijuana and cannabis related industries.  These companies include an online education company providing education to healthcare professionals on medical cannabis and the endocannabinoid system, a distribution company focused on delivering best in class hemp oil and medical marijuana products and a Wellness center delivering medical recommendations to patient and sales of CBD and hemp oil products.

In connection with such consulting agreements, the Company provides the following services:

Strategic advisory and services; 

Business services; 

Marketing services; 

Acquisition and development services; and 

Strategic partnership and consolidation services. 

Corporation Information

Our principal executive offices are located at 626 East 1820 North, Orem, Utah 84097, and our telephone number is (855) 362-2115. Our website address is www.newbridgegv.com, although the information on our website is not deemed to be part of this prospectus.


6


THE OFFERING

This prospectus relates to the resale by the selling stockholders (“Selling Stockholders”) identified herein of up to 2,822,652 shares of common stock, par value $0.0001 per share, amountof the Company (“Resale Shares”) and the offering and resale of up to 2,000,000 shares of our common stock, par value $0.0001 per share (“Kodiak Shares,” and together with the Resale Shares, the Registration Shares”) by Kodiak pursuant to the Purchase Agreement, dated December 1, 2017.

Resale Shares

The Selling Stockholders may sell the Resale Shares on any national securities exchange or quotation service on which the securities may be listed or quoted at the time of sale, in the over-the-counter market, in one or more transactions otherwise than on these exchanges or systems, such as privately negotiated transactions, or using a combination of these methods, and at fixed prices, at prevailing market prices at the time of the sale, at varying prices determined at the time of sale, or at negotiated prices. See the disclosure under the heading “Plan of Distribution” elsewhere in this prospectus for more information about how the Selling Stockholders may sell or otherwise dispose of their shares of common stock hereunder.

The Selling Stockholders may sell any, all or none of the Resale Shares offered by this prospectus and we do not know when or in what amount, the Selling Stockholders may sell their Resale Shares of common stock hereunder following the effective date of this registration statement.

We will not receive any proceeds from the sale of the Resale Shares by the Selling Stockholders in the offering described in this prospectus.

Because all of the Resale Shares being offered under this prospectus are being offered by the Selling Shareholders, we cannot currently determine the price or prices at which our shares of common stock may be sold under this prospectus. We expect that the Selling shareholders initially sell their shares at prevailing market prices. See “Plan of Distribution.”

Kodiak Shares

The prospectus also relates to the offering and resale from time to time of the Kodiak Shares.  Effective December 1, 2017, we entered into the Purchase Agreement, dated December 1, 2017, with Kodiak. Under the Purchase Agreement, we may from time to time, in our discretion, sell shares of our common stock to Kodiak for aggregate gross proceeds of up to $2,000,000. Unless terminated earlier, Kodiak’s purchase commitment will automatically terminate on the earlier of the date on which Kodiak shall have purchased our shares pursuant to the Purchase Agreement for an aggregate purchase price of $2,000,000, or December 31, 2020. We have no obligation to sell any shares under the Purchase Agreement.

As provided in the Purchase Agreement, we may require Kodiak to purchase shares of common stock from time to time by delivering a put notice (“Put Notice”) to Kodiak specifying the total number of shares to be purchased (such number of shares multiplied by the Purchase Price described below, equals the “Investment Amount”). Our ability to issue Put Notices to Kodiak and require Kodiak to purchase our common stock is not contingent on the trading volume of our common stock. Kodiak will have no obligation to purchase shares under the applicable Purchase Agreement to the extent that such purchase would cause Kodiak to own more than 9.99% of our then-issued and outstanding common stock (the “Beneficial Ownership Limitation”).

For each share of our common stock purchased under the Purchase Agreement, Kodiak will pay a Purchase Price equal to 75% of the Market Price. The Market Price is defined as the volume weighted average price (the “VWAP”) on the principal trading platform for the Common Stock, as reported by OTC Markets Group, Inc. (“OTC Markets”), for the five consecutive trading days immediately preceding the closing date (each, a “Closing Date”) associated with the applicable Put Notice (the “Valuation Period”). Kodiak’s obligation to purchase shares is subject to customary closing conditions, including without limitation a requirement that this registration statement registering the resale by Kodiak of the shares to be issued under the Purchase Agreement (the


7


“Registration Statement”) remain effective. The Purchase Agreement also contains covenants, representations and warranties by us and Kodiak that are typical for transactions of this type, including customary mutual indemnification rights. The Purchase Agreement is not transferable and any benefits attached thereto may not be assigned.

In connection with the Purchase Agreement, we also entered into a Registration Rights Agreement with Kodiak requiring us to prepare and file this Registration Statement registering the resale by Kodiak of shares to be issued under the Purchase Agreement, to use commercially reasonable efforts to cause the Registration Statement to be declared effective, and to keep the Registration Statement effective until (i) the date on which Kodiak may sell all the shares under Rule 144 without volume limitations, or (ii) the date on which Kodiak no longer owns any of the shares.

The foregoing description of the terms of the Purchase Agreement and the Registration Rights Agreement does not purport to be complete and is subject to, and qualified in its entirety by reference to the agreements/instructions themselves, copies of which were filed as exhibits to our Current Report on Form 8-K, filed December 8, 2017, the terms of which are incorporated herein by reference. The benefits, representations, and warranties set forth in such documents (if any) are not intended to, and do not constitute our continuing representations and warranties or those of any other party to persons not a party thereto.

As of December 28, 2017, there were 3,709,200 shares of our common stock outstanding, of which 1,754,870 shares were held by non-affiliates. If all of the 2,000,000 shares offered by Kodiak under this prospectus were issued and outstanding as of the date hereof, such shares would represent approximately 35% of the total number of shares of our common stock outstanding, and approximately 64% of the total number of outstanding shares held by non-affiliates, in each case, as of the date hereof. The number of shares ultimately offered for resale by Kodiak is dependent upon the number of shares that we issue and sell to Kodiak under the Purchase Agreement.

Issuances of our common stock in this offering will not affect the rights or privileges of our existing stockholders, except that the economic and voting interests of each of our existing stockholders will be diluted as a result of each of such issuance and sales. Although the number of shares of common stock that our existing stockholders own will not decrease, the shares owned by our existing stockholders will represent a smaller percentage of our total outstanding shares after each such issuance and sale to Kodiak.

Securities Offered

Shares of common stock to be offered by Kodiak:

Up to 2,000,000 shares that we may issue and sell to Kodiak under the Purchase Agreement.

Shares of common stock outstanding prior to the offering:

3,709,200

Shares of common stock to be outstanding after giving effect to the issuance and sale of an aggregate of 2,000,000 shares of common stock to Kodiak under the Purchase Agreement, which shares are registered hereunder:

5,709,200

Use of proceeds:

We will not receive any proceeds from the sale of shares of common stock by Kodiak in this offering. However, we may receive up to $2 Million from the sale and issuance of shares of common stock to Kodiak pursuant to Put Notices that we may issue to Kodiak under the Purchase Agreement. Any proceeds that we receive from sales and issuances to Kodiak under the Purchase Agreement will be used for general corporate purposes.  See “Use of Proceeds.”

Risk factors:

This investment involves a high degree of risk. See “Risk Factors” for a discussion of factors you should consider carefully before making an investment decision.

OTC Markets (OTCQB) symbol:

NBGV


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RISK FACTORS

An investment in our securities involves a high degree of risk. You should carefully consider the following information about these risks, together with the other information about these risks contained in this prospectus, as well as the other information contained in this prospectus generally, before deciding to buy our securities. Any of the risks we describe below could adversely affect our business, financial condition, operating results or prospects. The market prices for our securities could decline if one or more of these risks and uncertainties develop into actual events and you could lose all or part of your investment. Additional risks and uncertainties that we do not yet know of, or that we currently think are immaterial, may also impair our business operations. You should also refer to the other information contained in this prospectus, including our financial statements and the related notes.

Risks Related to Our Business

We have incurred significant net losses and cannot assure you that we will achieve or maintain profitable operations, and our auditors have issued a “going concern” audit opinion.

To date, we have incurred losses since inception. Our net loss was $4,038,605 for the year ended December 31, 2016 and $372,396 for the period ended December 31, 2015. The Company incurred a net loss of $3,368,614 for the nine months ended September 30, 2017 and has an accumulated deficit of $7,779,616 at September 30, 2017.  The Company also used cash in operating activities of $2,531,792 during the nine months ended September 30, 2017.   After the discontinued operations, the financial situation is somewhat improved but the Company still has a net loss from continuing operations of $1,440,346 and net cash used in operating activities – continuing operations of $872,770 for the nine months ended September 30, 2017. We will need to raise additional working capital to continue our normal and planned operations. We will need to generate and sustain significant revenue levels in future periods in order to become profitable, and, even if we do, we may not be able to maintain or increase our level of profitability. We anticipate that our operating expenses will increase substantially in the foreseeable future as we undertake increased consultancy work and acquisition activities and increase our marketing and sales efforts to drive an increase in the number of customers and clients utilizing our services. In addition, as a public company, we incur accounting, legal and other expenses that we were incurring as a private company. These expenditures will make it necessary for us to continue to raise additional working capital and make it harder for us to achieve and maintain profitability. Our efforts to grow our business may be costlier than we expect, and we may not be able to generate sufficient revenue to offset our increased operating expenses. If we are forced to reduce our operating expenses, our growth strategy could be compromised. We may incur significant losses in the future for a number of reasons, including unforeseen expenses, difficulties, complications and delays and other unknown events. Accordingly, substantial doubt exists about our ability to continue as a going concern and we cannot assure you that we will achieve sustainable operating profits as we continue to expand our infrastructure, further develop our marketing efforts, and otherwise implement our growth initiatives.

Our independent auditors have indicated in their report on our December 31, 2016 consolidated financial statements forthat there is substantial doubt about our ability to continue as a going concern. A “going concern” opinion indicates that the period prior to the reverse merger were restatedfinancial statements have been prepared assuming we will continue as a going concern and do not include any adjustments to reflect the recapitalization in accordance withpossible future effects on the exchange ratio establishedrecoverability and classification of assets, or the amounts and classification of liabilities that may result if we do not continue as a going concern. Therefore, you should not rely on our consolidated balance sheet as an indication of the amount of proceeds that would be available to satisfy claims of creditors, and potentially be available for distribution to stockholders, in the merger.

event of liquidation.

Our ability to grow and compete in the future will be adversely affected if adequate capital is not available to us or not available on terms favorable to us.

The ability of our business to continue its normal and planned operations and to grow and compete will depend on the availability of adequate capital. We cannot assure you that we will be able to obtain equity or debt financing on acceptable terms, or at all, to continue our normal and planned operations and to implement our growth strategy. As a result, we cannot assure you that adequate capital will be available to continue our normal and planned operations and to finance our current growth plans, take advantage of business opportunities, or respond to competitive pressures, any of which could harm our business.


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We will need substantial additional funding to continue our operations, which could result in dilution to our stockholders. We may not be able to raise capital when needed, if at all, which could cause us to have insufficient funds to pursue our operations, or to delay, reduce or eliminate our development of new programs or commercialization efforts.

We expect to incur additional costs associated with continuing to operate as a public company and to require substantial additional funding to continue to pursue our business and continue with our expansion plans. We may also encounter unforeseen expenses, difficulties, complications, delays and other unknown factors that may increase our capital needs and/or cause us to spend our cash resources faster than we expect. Accordingly, we expect that we will need to obtain substantial additional funding in order to continue our operations. To date, we have financed our operations entirely through equity and debt investments by founders and other investors and the incurrence of debt, and we expect to continue to do so in the foreseeable future. Additional funding from those or other sources may not be available when or in the amounts needed, on acceptable terms, or at all. If we raise capital through the sale and issuance of equity, or securities convertible into equity, it would result in dilution to our existing stockholders, which could be significant depending on the price at which we may be able to sell and issue our securities. If we raise additional capital through the incurrence of additional indebtedness, we would likely become subject to further covenants that could restricting our business activities, and holders of debt instruments will likely have rights and privileges senior to those of our equity investors. In addition, servicing the interest and principal repayment obligations under debt facilities could divert funds that would otherwise be available to support development of new programs and marketing to current and potential new clients. If we are unable to raise capital when needed or on acceptable terms, we could be forced to delay, reduce or eliminate development of new programs or future marketing efforts. Any of these events could significantly harm our business, financial condition and prospects.

We depend on the development of the cannabis industry.

Over the past several years, the cannabis industry has grown significantly as a result of an increase of deregulation at a state level. Our revenues depend greatly on the expenditures made by companies within the cannabis industry. In some instances, companies in these industries are reliant on their ability to raise capital in order to fund their operations. Accordingly, economic factors and industry trends that affect our clients in these industries also affect our business. If companies in these industries were to reduce the number of research and development projects they conduct or outsource, our business could be materially adversely affected.

We rely on a limited number of key customers, the importance of which may vary dramatically from year to year, and a loss of one or more of these key customers may adversely affect our operating results.

Initially, a small number of customers account for a substantial portion of our revenues. Three customers will account for any revenue in 2017.  The loss of a significant amount of business from one of our major customers would materially and adversely affect our results of operations until such time, if ever, as we are able to replace the lost business. Significant clients or projects in any one period may not continue to be significant clients or projects in other periods. In any given year, there is a possibility that a single pharmaceutical or academic/ clinical research laboratory company may account for 5% or more of our gross revenue or that our business may be dependent on one or more large projects. To the extent that we are dependent on any single customer, we are subject to the risks faced by that customer to the extent that such risks impede the customer's ability to stay in business and make timely payments to us.

Our success is dependent upon our ability to develop markets.

Our ability to successfully provide consulting services within the cannabis industry as well as other target markets will determine actual operating results. While we anticipate the creation of a compelling services model for our potential clients, we may not be able to fully develop our planned service offering(s) in a manner that is predictable or profitable.  There are many factors contributing to the overall cannabis growth and opportunity. These factors are listed below. The Company will focus on these factors to help fuel its growth. The overall U.S cannabis market is growing from its own performance dynamics. The strong, growth in demand for legal cannabis over the past years is expected to continue in the years ahead. The legal cannabis industry is among the fastest growing industries in the U.S projecting $22 billion in revenue by 2020 from $5 billion in 2015.


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Competition in our industry is intense.

There are many competitors in the cannabis industry, including many who offer similar services as those offered by us. There can be no guarantee that in the future other companies won’t enter this arena by developing services that are in direct competition with us or any acquired subsidiary.  We anticipate the presence as well as entry of other companies in this market space but acknowledges that we may not be able to establish or if established, to maintain a competitive advantage. Some of these companies may have longer operating histories, greater name recognition, larger customer bases and significantly greater financial, technical, sales and marketing resources. This may allow them to respond more quickly than us to market opportunities. It may also allow them to devote greater resources to the marketing, promotion and sale of their products and or services. These competitors may also adopt more aggressive pricing policies and make more attractive offers to existing and potential customers, employees, strategic partners, distribution channels and advertisers. Increased competition is likely to result in price reductions, reduced gross margins and a potential loss of market share.

Source: The State of Legal Marijuana Markets, 4th Edition, by ArcView Market Research and New Frontier Data (2016)

We plan to expand our business through acquisitions.

We are actively reviewing acquisition candidates. Factors which may affect our ability to grow successfully through acquisitions include: 

·

inability to obtain financing;

·

difficulties and expenses in connection with integrating the acquired companies and achieving the expected benefits;

·

diversion of management’s attention from current operations;

·

the possibility that we may be adversely affected by risk factors facing the acquired companies;

·

acquisitions could be dilutive to earnings, or in the event of acquisitions made through the issuance of our Common Stock to the shareholders of the acquired company, dilutive to the percentage of ownership of our existing stockholders;

·

potential losses resulting from undiscovered liabilities of acquired companies not covered by the indemnification we may obtain from the seller; and

·

loss of key employees of the acquired companies.

Unfavorable general economic conditions may materially adversely affect our business.

While it is difficult for us to predict the impact of general economic conditions on our business, these conditions could reduce customer demand for some of our products or services which could cause our revenue to decline. Also, our customers that are especially reliant on the credit and capital markets may not be able to obtain adequate access to credit or equity funding, which could affect their ability to make timely payments to us. Moreover, we rely on obtaining additional capital and/or additional funding to provide working capital to support our operations. We regularly evaluate alternative financing sources. Further changes in the commercial capital markets or in the financial stability of our investors and creditors may impact the ability of our investors and creditors to provide additional financing. In addition, the financial condition of our credit facility providers, which is beyond our control, may adversely change. Any decrease in our access to borrowings under our credit facility, tightening of lending standards and other changes to our sources of liquidity could adversely impact our ability to obtain the financing we need to continue operating the business in our current manner. For these reasons, among others, if the economic conditions stagnate or decline, our operating results and financial condition could be adversely affected.

Our management may have conflicts of interest.

Some members of our management are employed on a full-time basis by other businesses involved in a range of business activities. Consequently, there are potential inherent conflicts of interest in their acting as officers and directors of our Company. We believe that none currently exist but it is the intent of the management to keep any transactions free of conflicts of interest. Management is also working on the creation of job specific tasking as well


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as non-compete agreements that will be deployed as possible and as related to our existing and future team members.

Our current officers and directors have other interests outside of our business and contract negotiations are still in process with them.

While we have contract agreements with our non-independent officers and directors that define these relationships in a manner that provides sufficient motivation to such officers and directors to remain an ongoing part of our business, there no assurances that these agreements will be honored. Loss of any of our members of management will have a negative impact upon our business efforts and results of operations.

We are Dependent upon our management to continue our growth.

The Company believes it will rapidly and significantly expand operations and growth as a result of the Share Exchangecontinued expansion of the cannabis industry. There are no assurances this will occur. However, if it does occur we will need to significantly expand our capacity to address potential market opportunities. The rapid growth will place a significant strain on our management and operational and financial recourses. Our success is principally dependent on our current management personnel for the operation of our business.

To execute on its commitment, the Company draws on the collective experience of its management team with expertise in market research, development, corporate management, market opportunities, product growth, sales, distribution, future growth and economic trends.

 The ability to provide high quality service will depend on attracting and retaining educated staff, as well as professional experiences that is relevant to our market, including for marketing, technology and general experience in this industry.

Our ability to deliver quality services depends on our ability to manage and expand our marketing, operational and distribution systems, recruit additional qualified employees and train, and manage and motivate both current and new employees. Failure to effectively manage our growth would have a material adverse effect on our business.

RISKS RELATED TO OUR INDUSTRY

Our business Is Dependent on State Laws Pertaining To The Cannabis Industry.

The Federal Controlled Substances Act, classifies cannabis as a Schedule I controlled substance and makes cannabis use and possession illegal on a national level. The United States Supreme Court has ruled that it is the Federal Government that has the right to regulate and criminalize cannabis, even for medical purposes, and thus federal law criminalizing the use of cannabis preempts state laws that legalize its use. As of the date of this Prospectus, 23 states and the District of Columbia allow their residents to use medical cannabis. While votes in the states of Colorado, Washington, Oregon and Alaska, as well as the District of Columbia approve ballot measures to legalize cannabis for adult use, continued expansion of such ‘recreational use’ is not well defined at this time and any continued development of the cannabis industry will be dependent upon continued new legislative authorization of cannabis at the state, and perhaps the federal level. Any number of events or occurrences could slow or halt progress all together in this space. While progress within the cannabis industry channel is currently encouraging, growth is not assured. While there appears to be ample public support for favorable legislative action, numerous factors may impact or negatively affect the legislative process(s) within the carious states we have business interests in. Any one of these factors could slow or halt use of cannabis, which would negatively impact our business up to possibly causing us to discontinue operations as a whole.

Cannabis Remains Illegal Under Federal Law.


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Despite the development of a cannabis industry legal under state laws, state laws legalizing medicinal and adult cannabis use are in conflict with the Federal Controlled Substances Act, which classifies cannabis as a Schedule I controlled substance and makes cannabis use and possession illegal on a national level. The United States Supreme Court has ruled that it is the Federal Government that has the right to regulate and criminalize cannabis, even for medical purposes, and thus federal law criminalizing the use of cannabis preempts state laws that legalize its use. However, the Obama Administration effectively stated that it is not an efficient use of resources to direct federal law enforcement agencies to prosecute those lawfully abiding by state-designated laws allowing the use and distribution of medical and recreational cannabis. Yet, there is no guarantee that the Trump Administration will not change the stated policy regarding the low-priority enforcement of federal laws in states where cannabis has been legalized. The Trump administration could introduce a less favorable policy or decide to enforce the federal laws strongly. Any such change in the Federal Government’s enforcement of federal laws could cause significant financial damage to us and our shareholders.

As the possession and use of cannabis is illegal under the federal controlled substances act, our customers may be deemed to be aiding and abetting illegal activities through the services that they provide to users. As a result, they may be subject to enforcement actions by law enforcement authorities, which would materially and adversely affect our business.

Under federal law, and more specifically the Federal Controlled Substances Act, the possession, use, cultivation, and transfer of cannabis is illegal. Our business provides services to customers that are engaged in the business of possession, use, cultivation, and/or transfer of cannabis. As a result, law enforcement authorities, in their attempt to regulate the illegal use of cannabis, may seek to bring an action or actions against us, including, but limited to, a claim of aiding and abetting another’s criminal activities. The federal aiding and abetting statute provides that anyone who “commits and offense against the United States or aids, abets, counsels, commands, induces or procures its commission, is punishable as a principal.” 18 U.S.C §2(a). As a result of such an action, we may be forced to cease operations and our investors could lose their entire investment. Such an action would have a material negative effect on our business and operations.

Federal enforcement practices could change with respect to services providers to participants in the cannabis industry, which could adversely impact us. If the federal government were to change its practices, or were to expend its resources enforcing existing federal laws on such providers in the cannabis industry, such action could have a materially adverse effect on our operations, our customers, or the sales of our products up to and including a complete interruption of our business.

It is possible that additional Federal or State legislation could be enacted in the future that would prohibit our clients from selling or providing services related to cannabis, and if such legislation were enacted, such clients may discontinue the use of our services, and our potential source of customers would be reduced causing revenues to decline.  Further, additional government disruption in the cannabis industry could cause potential customers and users to be reluctant to use our services, which would be detrimental to us. We cannot predict the nature of any future laws, regulations, interpretations or applications, nor can we determine what effect additional governmental regulations or administrative policies and procedures, when and if promulgated, could have on our business.

Risks Related to Ownership of our Common Stock

Our board of directors is authorized to issue additional shares of our common stock that would dilute existing stockholders.

We are currently authorized to issue up to 100,000,000 shares of common stock and 400,000 shares of preferred stock, of which 3,709,200 shares of common stock and no shares of preferred stock are currently issued and outstanding as of December 28, 2017. We expect to seek additional financing in order to provide working capital to our business. Our board of directors has the power to issue any or all of such authorized but unissued shares at any price it considers sufficient, without stockholder approval. The issuance of additional shares of common stock in the future will reduce the proportionate ownership and voting power of then current stockholders.


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Trading on the OTC Bulletin Board and the OTCQB may be volatile and sporadic, which could depress the market price of our common stock and make it difficult for our stockholders to resell their shares.

Our common stock is quoted on the Over the Counter Bulletin Board (an interdealer quotation system that is used by subscribing FINRA members) and on the OTCQB operated by the OTC Markets Group, Inc. Trading in stock quoted on these markets is often thin and characterized by wide fluctuations in trading prices, due to many factors that may have little to do with our operations or business prospects. This volatility could depress the market price of our common stock for reasons unrelated to our operating performance. Moreover, neither of these markets is a “stock exchange,” and trading of securities on these markets is often more sporadic than the trading of securities listed on a national securities exchange like The NASDAQ Stock Market or the NYSE American. Accordingly, stockholders may have difficulty reselling any of our shares owned by them.

A decline in the price of our common stock could affect our ability to raise further working capital, it may adversely impact our ability to continue operations and we may go out of business.

A prolonged decline in the price of our common stock could result in a reduction in the liquidity of our common stock and a reduction in our ability to raise capital. Because we may attempt to acquire a significant portion of the Company,funds we need in order to conduct our planned operations through the historicalsale and issuance of equity securities, a decline in the price of our common stock could be detrimental to our liquidity and our operations because the decline may cause investors not to choose to invest in our stock. If we are unable to raise the funds we require for all our planned operations, we may be forced to reallocate funds from other planned uses and we may suffer a significant negative effect on our business plan and operations, including our ability to develop new products and continue our current operations. As a result, our business may suffer, and not be successful and we may go out of business. We also might not be able to meet our financial resultsobligations if we cannot raise enough funds through the sale and issuance of NABUfit Global, ApS,our common stock and we may be forced to go out of business.

Because we do not intend to pay any cash dividends on our shares of common stock in the near future, our stockholders will not be able to receive a Danish company ("NABUfit Denmark"),return on their shares unless they sell them.

We intend to retain any future earnings to finance the accounting acquirer, prior todevelopment and expansion of our business. We do not anticipate paying any cash dividends on our common stock in the Share Exchange are considerednear future. The declaration, payment and amount of any future dividends will be made at the historical financial resultsdiscretion of the Company.

The following discussion highlightsour board of directors, and will depend upon, among other things, the results of operations, cash flows and financial condition, operating and capital requirements, and other factors as our board of directors considers relevant. There is no assurance that future dividends will be paid, and if dividends are paid, there is no assurance with respect to the amount of any such dividend. Unless we pay dividends, our stockholders will not be able to receive a return on their shares of our common stock unless they sell them.

If we are unable to establish appropriate internal financial reporting controls and procedures, it could cause us to fail to meet our reporting obligations, result in the restatement of our financial statements, harm our operating results, subject us to regulatory scrutiny and sanction, cause investors to lose confidence in our reported financial information and have a negative effect on the market price for NABUfit Global, Inc.shares of our common stock.

Effective internal controls are necessary for us to provide reliable financial reports and to prevent fraud effectively. We maintain a system of internal control over financial reporting, which is defined as a process designed by, or under the supervision of, our principal executive officer and principal financial officer, or persons performing similar functions, and effected by our board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the principalpreparation of financial statements for external purposes in accordance with generally accepted accounting principles.

As a public company, we have significant requirements for enhanced financial reporting and internal controls. We are required to document and test our internal control procedures in order to satisfy the requirements of Section 404 of the Sarbanes-Oxley Act of 2002, which requires annual management assessments of the effectiveness of our internal controls over financial reporting. The process of designing and implementing effective internal controls is a continuous effort that requires us to anticipate and react to changes in our business and economic and regulatory environments, and to expend significant resources to maintain a system of internal controls that is adequate to satisfy our reporting obligations as a public company.


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We cannot assure you that we will, in the future, identify areas requiring improvement in our internal control over financial reporting. We cannot assure you that the measures we will take to remediate any areas in need of improvement will be successful or that we will implement and maintain adequate controls over our financial processes and reporting in the future as we continue our growth. If we are unable to establish appropriate internal financial reporting controls and procedures, it could cause us to fail to meet our reporting obligations, result in the restatement of our financial statements, harm our operating results, subject us to regulatory scrutiny and sanction, cause investors to lose confidence in our reported financial information and have a negative effect on the market price for shares of our common stock.

The market price of shares of our common stock may be volatile.

The market price of our common stock may be highly volatile. Some of the factors that may materially affect the market price of our common stock are beyond our control, such as changes in financial estimates by industry and securities analysts, conditions or trends in the industry in which we operate, or sales of shares of our common stock. These factors may materially adversely affect the market price of shares of our common stock, regardless of our performance. In addition, public stock markets have experienced extreme price and trading volume volatility. This volatility has significantly affected the market prices of securities of many companies for reasons frequently unrelated to the operating performance of the specific companies. These broad market fluctuations may adversely affect the market price of shares of our common stock.

We have established Preferred Stock which can be designated by the Company’s Board of Directors without shareholder approval.

The Company has authorized 400,000 shares of Preferred Stock, of which none are issued and outstanding. The shares of series of Preferred Stock of the Company may be issued from time to time in one or more series, each of which shall have a distinctive designation or title as shall be determined by the Board of Directors of the Company prior to the issuance of any shares thereof. The Preferred Stock shall have such voting powers, full or limited, or no voting powers, and such preferences and relative, participating, optional or other special rights and such qualifications, limitations or restrictions thereof as adopted by the Board of Directors. In each such case, we will not need any further action or vote by our stockholders. One of the effects of undesignated Preferred Stock may be to enable the Board of Directors to render more difficult or to discourage an attempt to obtain control of us by means of a tender offer, proxy contest, merger or otherwise, and thereby to protect the continuity of our management. The issuance of shares of Preferred Stock pursuant to the Board of Director's authority described above may adversely affect the rights of holders of Common Stock. For example, Preferred Stock issued by us may rank senior to the Common Stock as to dividend rights, liquidation preference or both, may have full or limited voting rights and may be convertible into shares of Common Stock. Accordingly, the issuance of shares of Preferred Stock may discourage bids for the Common Stock at a premium or may otherwise adversely affect the market price of the Common Stock.

Our Certificate of Incorporation provides our directors with limited liability.

Our Certificate of Incorporation states that our directors shall not be personally liable to us or any stockholder for monetary damages for breach of fiduciary duty as a director, except for any matter in respect of which such director shall be liable under Section 174 of the Delaware General Corporation Law (the “DGCL”) or shall be liable because the director (1) shall have breached his duty of loyalty to us or our stockholders, (2) shall have acted not in good faith or in a manner involving intentional misconduct or a knowing violation of law or, in failing to act, shall have acted not in good faith or in a manner involving intentional misconduct or a knowing violation of law, or (3) shall have derived an improper personal benefit. Article Seven further states that the liability of our directors shall be eliminated or limited to the fullest extent permitted by the DGCL, as it may be amended. These provisions may discourage stockholders from bringing suit against a director for breach of fiduciary duty and may reduce the likelihood of derivative litigation brought by stockholders on our behalf against a director.

Certain provisions of our Certificate of Incorporation and Delaware law make it more difficult for a third party to acquire us and make a takeover more difficult to complete, even if such a transaction were in the stockholders’ interest.


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Our Certificate of Incorporation and the DGCL contain provisions that may have the effect of making it more difficult or delaying attempts by others to obtain control of the Company, even when these attempts may be in the best interests of our stockholders.

We also are subject to the anti-takeover provisions of the DGCL, which prohibit us from engaging in a “business combination” with an “interested stockholder” unless the business combination is approved in a prescribed manner and prohibit the voting of shares held by persons acquiring certain numbers of shares without obtaining requisite approval. This statute has the effect of making it more difficult to effect a change in control of a Delaware company.

Our financial controls and procedures may not be sufficient to ensure timely and reliable reporting of financial information, which, as a public company, could materially harm our stock price.

As a public reporting company, we require significant financial resources to maintain our public reporting status. We cannot assure you we will be able to maintain adequate resources to ensure that we will not have any future material weakness in our system of internal controls. The effectiveness of our controls and procedures may in the future be limited by a variety of factors including:

·

faulty human judgment and simple errors, omissions or mistakes;

·

fraudulent action of an individual or collusion of two or more people;

·

inappropriate management override of procedures; and

·

the possibility that any enhancements to controls and procedures may still not be adequate to assure timely and accurate financial information.

Our internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles in the United States of America. Our internal control over financial reporting includes those policies and procedures that (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the Company’s assets that could have a material effect on the financial statements.

Despite these controls, because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Therefore, even those systems determined to be effective can provide only reasonable assurance of achieving their control objectives. Furthermore, smaller reporting companies like us face additional limitations. Smaller reporting companies employ fewer individuals and can find it difficult to employ resources for complicated transactions and effective risk management. Additionally, smaller reporting companies tend to utilize general accounting software packages that lack a rigorous set of software controls.

Our management assessed the effectiveness of our internal control over financial reporting as of December 31, 2016 and concluded as a result of material weaknesses in our internal control over financial reporting, our disclosure controls and procedures were not effective as of December 31, 2016. The ineffectiveness of our disclosure controls and procedures was due to the following material weaknesses our internal control over financial reporting, which are common to many small companies: (1) lack of sufficient personnel commensurate with the Company’s reporting requirements; (2) the Company did not consistently establish appropriate authorities and responsibilities in pursuit of the Company’s financial reporting objectives; and (3) insufficient written documentation or training of internal control policies and procedures which provide staff with guidance or framework for accounting and disclosing financial transactions.

If we fail to have effective controls and procedures for financial reporting in place, we could be unable to provide timely and accurate financial information and be subject to investigation by the Securities and Exchange Commission (the “SEC”) and civil or criminal sanctions.


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We must implement additional and expensive procedures and controls in order to grow our business and organization and to satisfy new reporting requirements, which will increase our costs and require additional management resources.

As a public reporting company, we are required to comply with the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”) and the related rules and regulations of the SEC, including the requirements that we maintain disclosure controls and procedures and adequate internal control over financial reporting. In the future, if our securities are listed on a national exchange, we may also be required to comply with marketplace rules and heightened corporate governance standards. Compliance with the Sarbanes-Oxley Act and other SEC and national exchange requirements will increase our costs and require additional management resources. We recently have begun upgrading our procedures and controls and will need to continue to implement additional procedures and controls as we grow our business and organization and to satisfy new reporting requirements. If we are unable to complete the required assessment as to the adequacy of our internal control over financial reporting, as required by Section 404 of the Sarbanes-Oxley Act or if we fail to maintain internal control over financial reporting, our ability to produce timely, accurate and reliable periodic financial statements could be impaired.

If we do not maintain adequate internal control over financial reporting, investors could lose confidence in the accuracy of our periodic reports filed under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Additionally, our ability to obtain additional financing could be impaired or a lack of investor confidence in the reliability and accuracy of our public reporting could cause our stock price to decline.

Because our directors and executive officers are among our largest stockholders, they can exert significant control over our business and affairs and have actual or potential interests that may depart from those of investors.

Certain of our executive officers and directors own a significant percentage of shares of our outstanding capital stock. As of the date of this prospectus, our executive officers and directors and their respective affiliates beneficially own over 17.72% of our outstanding voting stock. The holdings of our directors and executive officers may increase further in the future upon vesting or other maturation of exercise rights under any of the options or warrants they may hold or in the future be granted, or if they otherwise acquire additional shares of our common stock. The interests of such persons may differ from the interests of our other stockholders. As a result, in addition to their board seats and offices, such persons will have significant influence and control over all corporate actions requiring stockholder approval, irrespective of how our company’s other stockholders may vote, including the following actions:

to elect or defeat the election of our directors;

to amend or prevent amendment of our articles of incorporation or by-laws;

to effect or prevent a merger, sale of assets or other corporate transaction; and

to control the outcome of any other matter submitted to our stockholders for a vote.

This concentration of ownership by itself may have the effect of impeding a merger, consolidation, takeover or other business consolidation, or discouraging a potential acquirer from making a tender offer for our common stock, which in turn could reduce the price of the shares of our common stock price or prevent our stockholders from realizing a premium over the price of our common stock.

Penny stock rules will limit the ability of our stockholders to sell their stock.

The Securities and Exchange Commission has adopted regulations that generally define a “penny stock” to be any equity security that has a market price (as defined) less than $5.00 per share or an exercise price of less than $5.00 per share, subject to certain exceptions. Our securities are covered by the penny stock rules, which impose additional sales practice requirements on broker-dealers who sell to persons other than established customers and “accredited


17


investors”. The term “accredited investor” refers generally to institutions with assets in excess of $5,000,000 or individuals with a net worth in excess of $1,000,000 or annual income exceeding $200,000 or $300,000 jointly with their spouse. The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from the rules, to deliver a standardized risk disclosure document in a form prepared by the Securities and Exchange Commission that provides information about penny stocks and the nature and level of risks in the penny stock market. The broker-dealer also must provide the customer with current bid and offer quotations for the penny stock, the compensation of the broker-dealer and its salesperson in the transaction and monthly account statements showing the market value of each penny stock held in the customer’s account. The bid and offer quotations, and the broker-dealer and salesperson compensation information, must be given to the customer orally or in writing prior to effecting the transaction and must be given to the customer in writing before or with the customer’s confirmation. In addition, the penny stock rules require that, prior to a transaction in a penny stock not otherwise exempt from these rules, the broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser’s written agreement to the transaction. These disclosure requirements may have the effect of reducing the level of trading activity in the secondary market for the stock that is subject to these penny stock rules. Consequently, these penny stock rules may affect the ability of broker-dealers to trade our securities. We believe that the penny stock rules discourage investor interest in and limit the marketability of our common stock.

The Financial Industry Regulatory Authority, or FINRA, has adopted sales practice requirements that may also limit a stockholder’s ability to buy and sell our stock.

In addition to the “penny stock” rules described above, FINRA has adopted rules that require that, in recommending an investment to a customer, a broker-dealer must have reasonable grounds for believing that the investment is suitable for that customer. Prior to recommending speculative low-priced securities to their non-institutional customers, broker-dealers must make reasonable efforts to obtain information about the customer’s financial status, tax status, investment objectives and other information. Under interpretations of these rules, FINRA believes that there is a high probability that speculative low-priced securities will not be suitable for at least some customers. FINRA requirements make it more difficult for broker-dealers to recommend that their customers buy our common stock, which may limit your ability to buy and sell our stock and have an adverse effect on the market for our shares.

Trends, Risks and Uncertainties

We have sought to identify what we believe to be the most significant risks to our business, but we cannot predict whether, or to what extent, any of such risks may be realized nor can we guarantee that we have identified all possible risks that might arise. Investors should carefully consider all of such risk factors before making an investment decision with respect to our common stock.


18


CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

The information contained in this prospectus includes forward-looking statements. These forward-looking statements are often identified by words such as “may,” “could,” “estimate,” “intend,” “continue,” “believe,” “expect” or “anticipate” or other similar words. These statements involve estimates, assumptions and uncertainties that could cause actual results to differ materially from those expressed for the reasons described in this prospectus. You should be aware that our actual results could differ materially from those contained in the forward-looking statements due to a number of factors. You should not place undue reliance on these forward-looking statements.

You should also consider carefully the statements under “Risk Factors” and other sections of this prospectus, which address additional factors that could cause our actual results to differ from those set forth in the forward-looking statements and could materially and adversely affect our business, operating results and financial condition. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the applicable cautionary statements.

The forward-looking statements speak only as of the date on which they are made, and, except to the extent required by federal securities laws, we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. In addition, we cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

USE OF PROCEEDS

This prospectus relates to shares of our common stock that may be offered and sold from time to time by the Selling Shareholders and Kodiak. We will not receive any proceeds upon the sale of shares by the Selling Shareholders and Kodiak in this offering. However, we may receive gross proceeds of up to $2 million under the Purchase Agreement with Kodiak assuming that we sell and issue the full amount of our common stock that we have the right, but not the obligation, to sell and issue to Kodiak under the Purchase Agreement. See “Plan of Distribution” elsewhere in this prospectus for more information.

The principal purposes of this offering are to increase our capitalization and financial flexibility. As of the date of this prospectus, we cannot specify with certainty all of the particular uses for the net proceeds to us from the Purchase Agreement. However, we currently intend to use the net proceeds primarily for general corporate purposes, including working capital, research and development, sales and marketing activities and capital expenditures. We may also use a portion of those net proceeds for the acquisition of, or investment in, technologies or businesses that complement our business, although we have no commitments or agreements to enter into any such acquisitions or investments. We will have broad discretion over the uses of those net proceeds. Pending these uses, we intend to invest those net proceeds in short-term, investment-grade money market funds.

Even if we sell and issue $2 million worth of shares of our common stock to Kodiak pursuant to the Purchase Agreement, we will need to obtain additional financing in the future in order to fully fund all of our planned research and development activities. We may seek additional capital in the private and/or public equity markets, pursue business development activities to continue our operations, respond to competitive pressures, develop new products and services, and to support new strategic partnerships. We are evaluating additional equity financing opportunities on an ongoing basis and may execute them, when appropriate. However, there can be no assurances that we can consummate any such a transactions, or consummate any transactions at favorable pricing or acceptable timing.

DIVIDEND POLICY

We have never declared or paid dividends on our common stock. We do not intend to pay cash dividends on our common stock for the foreseeable future, but currently intend to retain any future earnings to fund the development and growth of our business. The payment of dividends if any, on our common stock will rest solely within the discretion of our board of directors and will depend, among other things, upon our earnings, capital requirements, financial condition, as well as our liquidity and capital resourcesother relevant factors.


19


MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

Market Information

MARKET PRICE OF OUR COMMON STOCK

Our shares are currently traded on the OTC Markets (“OTCQB”) under the symbol “NBGV”.  The following table presents the high and low bid prices for the periods described,nine months ended September 30, 2017 and providesfor the years ended December 31, 2016 and 2015.  These quotations have been adjusted for the 30-1 reverse stock split effective June 27, 2017 and reflect inter-dealer prices without retail mark-up, mark-down, or commissions and may not necessarily represent actual transactions.

Year ended December 31, 2017

High

Low

    Third quarter

$3.00

$0.61

    Second quarter

$6.00

$2.40

    First quarter

$7.95

$4.50

Year ended December 31, 2016

High

Low

    Fourth quarter

$36.00

$12.00

    Third quarter

$82.50

$31.50

    Second quarter

$66.00

$52.50

    First quarter

$90.00

$36.00

Year ended December 31, 2015

High

Low

    Fourth quarter

$120.00

$75.00

    Third quarter

$142.50

$75.00

    Second quarter

$142.50

$105.00

    First quarter

$210.00

$52.50

As of December 31, 2016 we had approximately 387 shareholders of record holding 854,338 shares of our common stock.  As of December 31, 2015 we had approximately 330 shareholders of record holding 647,908 shares of our common stock.  The number of record holders was determined from the records of our transfer agent and does not include beneficial owners of common stock whose shares are held in the names of various security brokers, dealers, and registered clearing agencies.


20


On December 28, 2017, the last reported price of our common stock quoted on the OTCQB market was $1.65 per share. The OTCQB market prices set forth above represent inter-dealer quotations, without adjustment for retail mark-up, mark-down or commission, and may not represent the prices of actual transactions.

Transfer Agent

The transfer agent and registrar for our common stock is Action Stock Transfer Corporation.

Equity Compensation Plan Information

The following table summarizes certain information that management believes is relevant for an assessmentregarding our equity compensation plans as of December 28, 2017:

Plan category

 

Number of
securities to be
issued upon
exercise of
outstanding
options, warrants
and rights  
(a)

 

 

Weighted-
average exercise
price of 
outstanding
options, warrants
and rights 
 (b)

 

 

Number of
securities
remaining
available for
future issuance
under equity
compensation
plans (excluding
securities
reflected in
column (a))
 (c)

 

Equity compensation plans approved by security holders

 

 

4,000,000

 

 

 

N/A

 

 

 

4,000,000

 

Equity compensation plans not approved by security holders

 

 

N/A

 

 

$

N/A

 

 

 

N/A

 

Total

 

 

4,000,000

 

 

$

NA

 

 

 

4,000,000

 

The Incentive Plan was approved by the Company Board on October 18, 2017 and understandingby a majority of the Company stockholders on October 19, 2017. The Incentive Plan permits the Company to grant “Awards,” that may consist of stock options, the grant or sale of restricted stock (“Restricted Stock”), stock appreciation rights (“SARs”), or hypothetical units issued with reference to the Company common stock (“Restricted Stock Units”), for up to 4,000,000 shares of Company common stock. Awards may be granted under the Incentive Plan to employees, directors, and consultants of Company and its subsidiaries, including also subsidiaries that the Company may form or acquire in the future. The Incentive Plan will be administered by the Board or by a committee authorized by the Company Board (the “Committee”), which will make all determinations with regard to the grant and terms of Awards, subject to the terms of the Incentive Plan.

DILUTION

Investors who purchase shares of our common stock will be diluted to the extent of the difference between the public offering price per share of our common stock and the pro forma, as adjusted net tangible book value per share of our common stock immediately after this offering. Net tangible book value per share is determined by dividing our total tangible assets less total liabilities by the number of outstanding shares of our common stock. As of September 30, 2017, we had a net tangible book value of $166,710, or approximately $0.05 per share of common stock.

Dilution in net tangible book value per share represents the difference between the assumed offering price per share of common stock payable by Kodiak of $1.24 (75% of $1.65, the closing price of our common stock on December 28, 2017).


21


The following table illustrates this per share dilution:

Assumed offering price per share of common stock

 

 

 

 

 

$

1.24

 

Net tangible book value per share as of September 30, 2017

 

$

0.05

 

 

 

 

 

Decrease in as adjusted net tangible book value per share attributable to the sale and issuance of shares of common stock under the Purchase Agreement

 

 

(0.02)

 

 

 

 

 

Pro Forma net tangible book value per share of common stock after the sale and issuance of shares under the Purchase Agreement

 

 

 

 

 

 

0.03

 

Dilution per share of common stock to existing stockholders

 

 

 

 

 

$

(0.02)

 

To the extent that we sell and issue less than $2 million worth of shares under the Purchase Agreement, or to the extent that some or all sales and issuances are made at prices lower than or in excess of the assumed price per share of $1.24, then the dilution reflected in the table above will differ. The above table is based on 3,359,400 shares of our common stock outstanding as of September 30, 2017, adjusted for the assumed sale and issuance of $2 million in shares of our common stock to Kodiak under the Purchase Agreement at the assumed purchase price described above and after deducting estimated offering expenses payable by us.

To the extent that we sell and issue additional shares of our common stock in the future, there may be further dilution to investors participating in this offering. In addition, we may choose to raise additional capital because of market conditions or strategic considerations, even if we believe that we have sufficient funds for our current or future operating plans. If we raise additional capital through the sale of equity or convertible debt securities, the issuance of these securities could result in further dilution to our stockholders.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS

Forward-Looking Statements

This prospectus contains “forward-looking statements.” All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including, but not limited to, any projections of earnings, revenue or other financial items; any statements of the plans, strategies and objections of management for future operations; any statements concerning proposed new services, products or developments; any statements regarding future economic conditions or performance; any statements of belief; and any statements of assumptions underlying any of the foregoing.

Forward-looking statements may include the words “may,” “could,” “estimate,” “intend,” “continue,” “believe,” “expect” or “anticipate” or other similar words. These forward-looking statements represent our estimates and assumptions only as of the date of this prospectus. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the dates on which they are made. Except as required by applicable law, we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, even if experience or future changes make it clear that any projected results or events expressed or implied therein will not be realized. You are advised, however, to consult any further disclosures we make in future public filings, statements and press releases.

Forward-looking statements in this prospectus include express or implied statements concerning our future revenues, expenditures, capital and funding requirements; the adequacy of our current cash and working capital to fund present and planned operations and financing needs; our proposed expansion of, and demand for, product offerings; the growth of our business and operations through acquisitions or otherwise; and future economic and other conditions both generally and in our specific geographic and product markets. These statements are based on currently available operating, financial and competitive information and are subject to various risks, uncertainties and assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements due to a number of factors including, but not limited to, those set forth below in the section entitled “Risk Factors” in this prospectus, which you should carefully read. Given those risks, uncertainties and


22


other factors, many of which are beyond our control, you should not place undue reliance on these forward-looking statements. You should be prepared to accept any and all of the risks associated with purchasing any securities of our company, including the possible loss of all of your investment.

In this prospectus, unless otherwise specified, all references to “common shares” refer to the shares of our common shares in our capital stock.

The discussion and analysis of our financial condition and results of operations presented herein. The following discussion and analysis are based on the Company's auditedour financial statements, contained in this prospectus, which we have prepared in accordance with accounting principles generally accepted in the United States generally accepted accounting principles. Youof America. The preparation of these condensed consolidated financial statements requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, as well as the reported revenues and expenses during the reporting periods. On an ongoing basis, we evaluate estimates and judgments, including those described in greater detail below. We base our estimates on historical experience and on various other factors that we believe are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

The following discussion should be read the discussion and analysis together with suchthe information contained in the unaudited condensed consolidated financial statements and the related notes thereto.

Basis of Presentation
The audited financial statements ofincluded in this prospectus.

Overview

NewBridge is an early stage business which provides consulting services related to the legal cannabis production and distribution industries.  Prior to September 2017, the Company fordesigned, manufactured and marketed the period from June 26, 2015 (date of inception) through December 31, 2015, contained herein include a summary of our significant accounting policies and should be read in conjunction with the discussion below. In the opinion of management, all material adjustments necessary to present fairly the results of operations for such period have been included in these audited financial statements. All such adjustments are of a normal recurring nature.

45

Company Overview
We design and market the NABUfitNabufit virtual training and fitness products and services, a state-of-the-art online fitness portal (the "NABUfit,"portal.  In September 2017, the "Portal" or "Product").  The Product incorporates interaction and input through Microsoft® Kinect® and other technologiesCompany sold its operating subsidiaries and the option for personal data collection through wearablefitness portal related business and other monitoring devices, coaching and teaching through mentor services.
Customers obtain access to the Product through the purchase of monthly or annual memberships and the downloading of the software or mobile device application.  The Product provides custom designed training plans, diet plans and access to mentors and coaching.
Through the Microsoft® Kinect® and other optional monitoring devices, the Product collects and measures data from each exercise and compares that data to a standard and prior data.  Based on the measuring and the data registration in the Kinect® Module the user will get immediate feedback, e.g. as a percentage, a graphic or an emoticon depending on how well the exercise has been performed. This provides a unique experience and quality assurance designedresult changed its business model.  The Company changed its name to maximize the effect of the training. The quick feedback will also reduce the risk of injuries and streamline time spent on training.  Users can access training data, statistics and results online or through mobile device applications.
Membership is divided into two levels – a basic membership and a VIP membership.  The difference between the levels of membership will be primarily based upon the access to features and to mentors.
The Portal also offers a social forum for its users, where users can interact with like-minded members and train with them virtually. Some people will experience increased motivation by being part of a group. The member can allow others to see all or part of his profile. The personal profiles of the members can be matched, so the portal will suggest network and training mates, and thereby helping to ensure the optimum composition.  It will be possible to do real-time training with training mates by sharing the screenNewBridge Global Ventures, Inc. in a videoconference on the portal.
We plan to market the Product initially in the target area of China with a concentrated social media and direct marketing campaigns. We will then expand into the target markets of Europe and the United States.  We will market the Product to a broad range of worldwide consumers who are seeking a customized training program and platform without having to attend a gym or training center. Our sales and revenue cycle is based upon monthly subscription fees and purchases of addition products and services.  Subscription payments are automatically charged on a monthly basis and additional payments are processed on a cash basis.
We have not generated any product or service revenue and had net losses of $372,396 for the period from June 26, 2015 (date of inception) throughlate December 31, 2015 nor during the three month period ended March 31, 2016.
We expect to continue to incur significant expenses and increasing operating losses for the foreseeable future. We expect our expenses will increase substantially in connection with our ongoing activities, as we:
add personnelthe new business model and operations.

Our Business Strategy and Products and Services

NewBridge is currently engaged in providing business consulting services to support our product developmentseveral companies in the medical marijuana and commercialization efforts;

continue our development efforts;cannabis related industries.  These companies include an online education company providing education to healthcare professionals on medical cannabis and

operate as the endocannabinoid system, a public company.
Accordingly, we may seek to fund our operations through public or private equity or debt financings or other sources. However, we may be unable to raise additional funds or enter into such other arrangements when neededdistribution company focused on favorable terms or at all. Our failure to raise capital or enter into such other arrangements asdelivering best in class hemp oil and when needed would have a negative impact on our financial condition and our ability to develop enhancements to and integrate new technologies into the NABUfit virtual training and fitnessmedical marijuana products and a Wellness center delivering medical recommendations to patients and sales of CBD and hemp oil products.

In connection with such consulting agreements, the Company will provide the following services:

Strategic advisory and services; 

Business services; 

Marketing services; 

Acquisition and development services; and 

Strategic partnership and consolidation services.

Critical Accounting Policies

Our Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States, which require that we make certain assumptions and estimates that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of net revenue and expenses during each reporting period. On an ongoing basis, we evaluate our estimates, including those related to valuation of the fair value of financial instruments, share based compensation arrangements and long-lived assets. These estimates are based on historical experience and on various other factors that we believe to be reasonable under the circumstances. Actual results could differ from those estimates.


23


Use of Estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires us 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 reported periods. Significant estimates include the value of share based payments. Amounts could materially change in the future.

46


Components of Statements of Operations

Operating Expenses

Selling, General and Administrative. Our selling, general and administrative expenses consist primarily of salaries, share-based compensation, professional fees, travel and entertainment, employee benefits, IT and computer costs not capitalized, lease expense and consulting fees. We expect selling, general and administrative expenses to increase in absolute dollars following the consummation of the Share Exchange due to additional legal, accounting, insurance, investor relations and other costs associated with being a public company, as well as other costs associated with growing our business.


Interest Expense.  The  On September 15, 2015, the Company incurs interest expense onentered into a 600,000 DKK (approximately $90,000) line-of-credit agreement with a bank.  The agreement bears interest at a variable rate of interest of 6.021%, which is renegotiated annually on June 1.  

The line of credit is unsecured.  Default interest rate of 19% goes into effect from the first late payment and is calculated on the balance of the outstanding debt.  During 2016 and 2015 the Company utilized the full credit line but then paid it down to zero by year end both years.  The Company paid $161 and $641 in interest during the year ended December 31, 2016 and during the period ended December 31, 2015, respectively.

Reverse Stock Split

Effective June 27, 2017, the Company filed an Amended and Restated Certificate of Incorporation (“Restated Certificate”) with the Delaware Secretary of State whereby the Company effected a reverse stock split to reduce the number of shares of outstanding common stock at a rate of 1 share for every 30 shares of common stock then outstanding (“Reverse Split”).  The approval of the Restated Certificate was approved by written consent of holders of a majority of the Company’s common stock.  Each stockholder owning fewer than 30 shares of common stock immediately before the effective time of the Reverse Stock Split received from the Company $0.10 in cash, without interest, for each of such shares of common stock; and (b) each stockholder owning of record 30 or more shares of common stock immediately before the effective time of the Reverse Split held, after the Reverse Split, the number of shares of common stock equal to 1/30th of the number held prior to the Reverse Split.  On June 28, 2017 the Company filed with the Securities and Exchange Commission, and the Company’s stockholders were furnished with a Definitive Information Statement filed on Schedule 14(c) to advise the stockholders of the corporate actions.  All share and per-share amounts included herein have been restated to reflect the 1 for 30 reverse stock split.

47



Results of Operations

For the year ended December 31, 2016, the Period from June 26, 2015 (date of inception) through December 31, 2015 and for the threenine months ended March 31, 2016

The following table sets forth our revenues, expensesSeptember 30, 2017 and net income for the period from June 26, 2015 (date of inception) through December 31, 20152016.


24


NEWBRIDGE GLOBAL VENTURES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

AND COMPREHENSIVE LOSS

 

 

 

 

 

 

 

 

 

 

 

For the Period

 

 

 

 

 

 

 

from Inception

 

 

 

 

 

For the Year

 

(June 26, 2015)

 

For the Nine

 

For the Nine

 

Ended

 

through

 

Months Ended

 

Months Ended

 

December 31,

 

December 31,

 

September 30,

 

September 30,

 

2016

 

2015

 

2017

 

2016

 

 

 

 

 

(Unaudited)

 

(Unaudited)

 

 

 

 

 

 

 

 

Revenue

$                  -   

 

$                -   

 

$                  -   

 

$                 -   

 

 

 

 

 

 

 

 

Operating Expenses:

 

 

 

 

 

 

 

Selling, general and administrative

 1,397,442   

 

 64,765   

 

864,547   

 

747,035   

        Total Operating Expenses

1,397,442   

 

64,765   

 

864,547   

 

747,035   

 

 

 

 

 

 

 

 

Loss from Operations

(1,397,442)  

 

(64,765)  

 

(864,547)  

 

(747,035)  

 

 

 

 

 

 

 

 

Interest expense

-   

 

-   

 

(199,962)  

 

-   

Loss on debt settlement

-   

 

-   

 

(416,809)  

 

-   

Gain on derivative

-   

 

-   

 

40,972   

 

-   

Total Other Income (Expense)

-   

 

-   

 

(575,799)  

 

-   

 

 

 

 

 

 

 

 

Net loss from continuing operations

(1,397,442)  

 

(64,765)  

 

(1,440,346)  

 

(747,035)  

Discontinued operations

 

 

 

 

 

 

 

Gain on sale of subsidiary

-   

 

-   

 

9,866   

 

-   

Discontinued operations year-to-date

(2,641,163)  

 

(307,631)  

 

(1,938,134)  

 

(1,594,978)  

Net loss from discontinued operations

(2,641,163)  

 

(307,631)  

 

(1,928,268)  

 

(1,594,978)  

 

 

 

 

 

 

 

 

Net Loss

$ (4,038,605)  

 

$ (372,396)  

 

$ (3,368,614)  

 

$ (2,342,013)  

 

 

 

 

 

 

 

 

Net loss per common share - basic and diluted:

 

 

 

 

 

 

 

Continuing operations

(2.05)  

 

(0.12)  

 

(1.50)  

 

(1.12)  

Discontinued operations

(3.87)  

 

(0.57)  

 

(2.01)  

 

(2.40)  

Total

$ (5.92)  

 

$ (0.69)  

 

$ (3.51)  

 

$ (3.52)  

 

 

 

 

 

 

 

 

Weighted average common shares

 

 

 

 

 

 

 

outstanding - basic and diluted

682,517   

 

538,888   

 

959,244   

 

665,208   

 

 

 

 

 

 

 

 

Comprehensive Loss:

 

 

 

 

 

 

 

Net Loss

$ (4,038,605)  

 

$ (372,396)  

 

$ (3,368,614)  

 

$ (2,342,013)  

 

 

 

 

 

 

 

 

Other Comprehensive Income

 

 

 

 

 

 

 

Translation adjustments

5,848   

 

(40,378)  

 

34,530   

 

39,650   

Total Comprehensive Loss

$ (4,032,757)  

 

$ (412,774)  

 

$ (3,334,084)  

 

$ (2,302,363)  


25


and for the three months ended March 31, 2016.

  From June 26, 2015     
  (Date of Inception)  For the Three 
  Through  Months Ended 
  December 31, 2015  March 31, 2016 
     (Unaudited) 
Operating Expenses:      
Selling, general and administrative $371,746  $527,846 
         Total Operating Expenses  371,746   527,846 
         
Loss from Operations  (371,746)  (527,846)
Interest income  -   135 
Interest expense  (650)  (17)
         
Net Loss $(372,396) $(527,728)
         
Net loss per common share - basic and diluted $(0.02) $(0.03)
         
Weighted average common shares        
outstanding - basic and diluted  16,166,622   19,437,236 
         
Comprehensive Loss:        
Net Loss $(372,396) $(527,728)
         
Other Comprehensive Loss        
Translation adjustments  (40,378)  32,252 
Total Comprehensive Loss $(412,774) $(495,476)
[Remainder of Page Left Blank]
48

Comparisons to Prior Periods

The Company was organized June 26, 2015 and therefore there are no comparative prior the periods.

Period from June 26, 2015 (date of inception) through ended December 31, 2015
and December 31, 2016 are not equal lengths of time.

Period ended December 31, 2015

Operating Expenses.Operating expenses were $371,746$64,765 for the period from June 26, 2015 (date of inception) through December 31, 2015.  Operating expenses consisted of selling, general and administrative expenses of $371,746$64,765 for the period from June 26, 2015 (date of inception) through December 31, 2015.  The selling, general and administrative expenses consisted mainly of salaries of $129,162,and professional fees of $68,468, travel and entertainment of $26,670 and share-based compensation of $20,000.

Interest Expense.fees.  Interest expense was $650 during

Discontinued Operations.Discontinued operations were $307,631 for the period from June 26, 2015 (date of inception) through December 31, 2015, which was primarily due to theincluded$650 in interest expense on the line-of-credit agreement.

Three month period

Year ended MarchDecember 31, 2016


Operating Expenses.Operating expenses were $527,846$1,397,442 for the three month periodyear ended MarchDecember 31, 2016.  Operating expenses consisted of selling, general and administrative expenses of $527,846 for the three month ended March 31, 2016.$1,397,442.  Operating expenses consist mainly of employee salaries and benefits, stock based compensation and professional fees.  We expect operating expenses to be at similar levels

Discontinued Operations.Discontinued operations were $2,641,163 for the rest of the year.

Interest Expense. Interest expense was $17 during the three month periodyear ended MarchDecember 31, 2016, which was primarily due to theincluded $163 in interest expense on the line-of-credit agreement.

Period Ended September 30, 2016

Operating Expenses.Operating expenses were $747,035 for the nine months ended September 30, 2016.  Operating expenses consisted of selling, general and administrative expenses of $747,035.  Selling, general and administrative expenses consist mainly of employee salaries and benefits, stock based compensation and professional fees.

Discontinued Operations.Discontinued operations were $1,594,978 for the nine months ended September 30, 2016.

Period Ended September 30, 2017

Operating Expenses.Operating expenses were $864,547 for the nine months ended September 30, 2017.  Operating expenses consisted of selling, general and administrative expenses of $864,547.  Selling, general and administrative expenses consist mainly of employee salaries and benefits, stock based compensation and professional fees.  

Other Income (Expense). Other income (expense) during the nine months ended September 30, 2017 consisted of interest expense of $199,962, loss on debt settlement of $416,809 and gain on derivative of $40,972.  The interest expense consisted mainly of amortization of debt discounts on convertible debt.

Discontinued Operations.Discontinued operations were $1,928,268 for the nine months ended September 30, 2017, which included a gain on sale of subsidiary of $9,866.

Revenue. The Company did not generate revenue during the nine months ended September 30, 2017.

Liquidity and Capital Resources

Period from June 26, 2015 (date of inception) through December 31, 2015

Since NABUfit Denmark'sNABUFIT Denmark’s inception in June 2015, it has incurred significant net losses and negative cash flows from operations. During the period from June 26, 2015 (date of inception) through December 31, 2015, we had a net loss of $372,396.$372,396, which consisted of operating expenses of $64,765 and a loss from discontinued operations of $307,631. At December 31, 2015, we had an accumulated deficit of $372,396.


26


At December 31, 2015, we had cash of $1,133,247. To date, we have$1,133,247 and had financed our operations principally through private placements of NABUfit Denmark'sNABUFIT Denmark’s common stock. On October 8, 2015, we received net proceeds of approximately USD $1,795,000 (DKK 11.9 million) from the issuance of shares of NABUfit Denmark'sNABUFIT Denmark’s common stock.

Three month period

Year ended MarchDecember 31, 2016


During the three monthsyear ended MarchDecember 31, 2016, the Company had a net loss of $527,728,$4,038,605, which consisted of operating expenses of $527,846, interest income$1,397,442 and a loss from discontinued operations of $135 and interest expense of $17.$2,641,163.  At MarchDecember 31, 2016, we had an accumulated deficit of $900,124.


$4,411,001.

At MarchDecember 31, 2016, we had cash of $676,878. To date, we$1,402,626. We have financed our operations principally through private placements of NABUfit Denmark's common stock. On October 8, 2015,During 2016, we received net proceeds of approximately USD $1,795,000 (DKK 11.9 million)$3,139,445 from the issuance of shares of NABUfit Denmark'sNABUFIT Global, Inc.’s common stock.

49

We could potentially use our available financial resources sooner than we currently expect, and we may incur additional indebtedness to meet future financing needs. Adequate additional funding may not be available to us on acceptable terms or at all. In addition, although we anticipate being able to obtain additional financing through non-dilutive means, we may be unable to do so. Our failure to raise capital as and when needed could have significant negative consequences for our business, financial condition and results of operations. Our future capital requirements and the adequacy of available funds will depend on many factors, including those set forth in the section titled "Risk“Risk Factors."

Period Ended September 30, 2016

During the nine months ended September 30, 2016, the Company had a net loss of $2,342,013.

Period Ended September 30, 2017

During the nine months ended September 30, 2017, the Company had a net loss of $3,368,614. At September 30, 2017, we had an accumulated deficit of $7,779,616 and cash of $31,594.  During the nine months ended September 30, 2017, the Company received proceeds of $1,154,792 from the issuance of convertible notes payable and equity.

Cash Flows

The following table summarizes our cash flows for the year ended December 31, 2016, the period from June 26, 2015 (date of inception) through December 31, 2015


The following table summarizes our cash flows for and the period from June 26, 2015 (date of inception) through December 31, 2015:
Cash used in operating activities $(378,508)
Cash provided by investing activities  126,843 
Cash provided by financing activities  1,398,133 
Effect of exchange rate changes on cash  (13,221)
Net Increase in Cash $1,133,247 
three months ended September 30, 2017 and 2016:

 

 

 

 

For the Period

 

 

 

 

 

 

 

 

from Inception

 

 

 

 

 

 

For the Year

 

(June 26, 2015)

 

 

 

 

 

 

Ended

 

through

 

For the Nine Months Ended

 

 

December 31,

 

December 31,

 

September 30,

 

 

2016

 

2015

 

2017

 

2016

Cash used in operating activities

 

$ (2,876,044)  

 

$ (378,508)  

 

$ (2,531,792)  

 

$ (2,190,990)  

Cash used in investing activities

 

-   

 

126,843   

 

-   

 

-   

Cash provided by financing activities

 

3,139,445   

 

1,398,133   

 

1,154,792   

 

1,433,726   

Effect of exchange rate changes on cash

 

5,978   

 

(13,221)  

 

5,968   

 

37,089   

Net increase (decrease) in cash

 

$ 269,379   

 

$ 1,133,247   

 

$ (1,371,032)  

 

$ (720,175)  


27


Cash used in operations for the period from June 26, 2015 (date of inception) through December 31, 2015 was $378,508. We anticipate that we will incur significant additional technology development costs in order to execute our business plan.


Cash provided by investing activities was $126,843 for the period from June 26, 2015 (date of inception) through December 31, 2015, which consisted of cash acquired in acquisition.

Cash provided by financing activities was $1,398,133 for the period from June 26, 2015 (date of inception) through December 31, 2015, which consisted of cash proceeds from the issuance of stock of $1,775,383, less cash paid to acquire treasury stock of $377,250.

Three month period ended March 31, 2016

The following table summarizes our cash flows for the three months ended March 31, 2016:
Cash used in operating activities $(488,445)
Effect of exchange rate changes on cash  32,076 
Net Decrease in Cash $(456,369)
 

Cash used in operations for the three month periodyear ended MarchDecember 31, 2016 was $488,445. We anticipate that we will incur significant additional technology development costs$2,876,044.

Cash provided by financing activities was $3,139,445 for the year ended December 31, 2016, which consisted of cash proceeds from the issuance of stock.

Period Ended September 30, 2016

Cash used in order to execute our business plan.

operations for the nine months ended September 30, 2016 was $2,190,990.

Cash provided by financing activities was $1,433,726 for the nine months ended September 30, 2016, which consisted of cash proceeds from the issuance of equity.

Period Ended September 30, 2017

Cash used in operations for the nine months ended September 30, 2017 was $2,531,792.

Cash provided by financing activities was $1,154,792 for the nine months ended September 30, 2017, which consisted of cash proceeds from the issuance of convertible notes payable and equity.

Off Balance Sheet Arrangements

We do not maintain off-balance sheet arrangements nor do we participate in any non-exchange traded contracts requiring fair value accounting treatment.  The Company had no off-balance sheet financing arrangements as of MarchSeptember 30, 2017, December 31, 2016 and December 31, 2015.

Revenue Recognition

The Company recognizes revenue when persuasive evidence of an arrangement exists, performance of the service has occurred, the sales price charged is fixed or determinable, and collectability is reasonably assured.  Revenue is net of taxes and discounts and is recorded on an accrual basis. The Company has not recognized revenue through December 31, 2015 nor through December 31, 2016.  The Company recognized revenue during the periodnine months ended March 31, 2016.

September 30, 2017 but it was reclassified as discontinued operations.

50


Accounting Estimates

The preparation of financial statements in accordance with accounting standards generally accepted in the United States requires management to make estimates and assumptions that affect both the recorded values of assets and liabilities at the date of the financial statements and the revenues recognized and expenses incurred during the reporting period. Our estimates and assumptions affect our recognition of income taxes, the carrying value of our long-lived assets and our provision for certain contingencies.  We evaluate the reasonableness of these estimates and assumptions continually based on a combination of historical information and other information that comes to our attention that may vary our outlook for the future. Actual results may differ from these estimates under different assumptions.

Critical Accounting Policies and Estimates


28


We believe that assumptions and estimates have the greatest potential impact on our financial statements. Therefore, we consider these to be our critical accounting policies and estimates. For further information on all of our significant accounting policies, see the notes to our financial statements.

JOBS Act Accounting Election
We are an "emerging growth company" within the meaning of the JOBS Act. Section 107 of the JOBS Act provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. Thus, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies.

Recently Issued and Adopted Accounting Pronouncements

We review new accounting standards to determine the expected financial impact, if any, that the adoption of each such standard will have. There are no recently issued accounting standards that we believe will have an impact on our financial statements.

51



OURstatements

DESCRIPTION OF BUSINESS


Company Overview
NABUfit

Corporate History

Newbridge Global Inc. ("NABUfit Global" or the "Company," formerly CryptoSign,Ventures, Inc., StrategaBiz, Inc., Agricona Delaware Corporation (the “Company”) was incorporated in May 1983 in the State of Colorado and re-incorporated in the State of Delaware in April 2008.  On November 30, 2015, we consummated the transaction evidenced by an Agreement and Plan of Share Exchange (the "Share Exchange Agreement") dated October 8, 2015 by and among the Company and NABUFIT Denmark, pursuant to which the Company acquired from the NABUFIT Denmark shareholders (“NABUFIT Shareholders”) all of the issued and outstanding equity interests of NABUFIT Denmark in exchange for 516,667 shares of the Company.  After the share exchange, the Company changed its name to NABUFIT Global, CorporationInc, and BayHill Capital Corporation) designs, manufacturesthe Company’s business plan was to design and marketsmarket the NABUfitNABUFIT virtual training and fitness products and services, a state-of-the-art online fitness portal ("NABUfit"portal.  

On August 31, 2017 the Company entered into an Agreement on Transfer of Shares (“Transfer Agreement”) with NABUfit Finance ApS, a Danish company (“Buyer”) wherein the Company agreed to sell to Buyer and Buyer agreed to purchase from the Company all of the issued and outstanding shares owned by the Company in its three wholly owned subsidiaries, NABUFIT Global, ApS, a Danish company (“ApS”), NABUFIT IP ApS, a Danish Company (“IP”) and NABUFIT China Ltd. (“China,” and together with ApS and IP, the “Subsidiaries”).  The purchase price paid by Buyer for the Subsidiaries was DKK 250,000 (USD $40,000), plus possible additional consideration of up to DKK 350,000 ($55,000) in payments related to tax refunds due to the Subsidiaries in the fourth quarter of 2017.  Upon completion of the sale of the Subsidiaries, the Company had no further business operations related to the product or portal.  Effective December 12, 2017, the "Product"). The Product incorporates interactionCompany changed its name from NABUFIT Global, Inc. to Newbridge Global Ventures, Inc. and input through Microsoft® Kinect®its symbol to “NBGV.”

Our Present Business

Our primary focus since September 1, 2017 has been the development of a consulting service for ancillary medical marijuana and other technologiescannabis businesses. Since 1996, cannabis, in some form, has been legalized by 29 states and the optionDistrict of Columbia. Several additional states are considering legislation for personal data collection through wearableslegalization in the future.

We expect to earn revenue on a fee-based system, specifically, by charging consulting fees based upon services provided.  Services include management and personal monitoring devices, coachingstrategy consulting, business operation services, business development and teaching through mentormarketing services.

Customers obtain access to the Product

Currently we have agreements for consulting services with various ancillary cannabis businesses and are actively marketing our services through the purchasepersonal efforts of monthlyour executive officers. We expect to use the proceeds of this offering to expand marketing, primarily by employing an unaffiliated marketing company, as well as by trade shows, print and internet advertising, and word-of-mouth.

We also plan to actively research and investigate acquisition candidates and plan to incorporate a robust acquisition strategy as part of our overall business model.  Ideal acquisition candidates will be ancillary cannabis businesses which are generating revenue and are positioned for significant growth.

As part of our due diligence of potential customers or annual membershipsacquisition targets with a marijuana-related business, we will conduct due diligence that includes: (i) verifying with the appropriate state authorities whether the business is duly licensed and registered; (ii) reviewing the license application (and related documentation) submitted by the business


29


for obtaining a state license to operate its marijuana-related business; (iii) requesting from state licensing and enforcement authorities available information about the business and related parties; (iv) developing an understanding of the normal and expected activity for the business, including the types of products to be sold and the downloadingtype of customers to be served (e.g., medical versus recreational customers); (v) ongoing monitoring of publicly available sources for adverse information about the business and related parties; (vi) ongoing monitoring for suspicious activity, including for any of the software or mobile device application.  The Product provides custom designed training plans, diet plansred flags described in this guidance; and access(vii) refreshing information obtained as part of customer due diligence on a periodic basis and commensurate with the risk. With respect to mentors and coaching.

Through Microsoft® Kinect® and optional personal monitoring devices (such as heart rate monitors and other wearables), the NABUfit technology collects data and measures each exercise relatively to a set standard and past performances.  Basedinformation regarding state licensure obtained in connection with such customer due diligence, we may reasonably rely on the data collection and registration in the Kinect® module the useraccuracy of information provided by state licensing authorities, where states make such information available.

We will receive immediate feedback, e.g. asalso consider whether a percentage, a graphic or an emoticon depending on how well the exercise has been performed. This provides a unique quality assurance ensuring maximum effectmarijuana-related business implicates one of the training. The quick feedback will also reduceCole Memo priorities or violates state law. This is a particularly important factor for us to consider when assessing the risk of injuriesproviding services to a marijuana-related business. Considering this factor also enables us to provide information in BSA reports pertinent to law enforcement’s priorities. Any financial institution that decides to provide financial services to a marijuana-related business would be required to file suspicious activity reports (“SARs”) as described below.

The Company also works with public officials and streamline time spentgovernment agencies to provide education and expand the acceptance of medicinal cannabis, and the adoption of a legal framework where maximum market expansion is possible.

Competition

There are many businesses which provide consulting and other ancillary services to businesses within the medical cannabis industry. There can be no assurance that other parties will not seek to emulate our business methods and practices. Many of those companies can be expected to have greater financial and management expertise than the Company. If such competitors arise, it could have a serious adverse effect on training.  Users can access training data, statisticsthe Company.

Revenue Generation

We intend to generate revenue from consulting services and results onlinethrough our investment in one or through mobile device applications.


Membership more complimentary operating businesses.

Operations

Our company is divided into two levels – headquartered in UTAH, where our executive, administrative and operational management are based.

Our Market

Our target consulting market is intentionally broad and it includes any business which provides ancillary services to the legal medical cannabis industry, including education, consulting, lab equipment, software and technology companies.

Intellectual Property

We do not have any proprietary technology, know-how or intellectual property.

Dependence on Key Customers

Based on our business plan and anticipated future activities as described herein, we have significant customer concentration with our three current clients.  However, we anticipate in the future to have numerous clients and customers and therefore do not expect to be dependent on any key customers.

Federal Regulation and Our Business


30


Cannabis is currently a basic membershipSchedule I controlled substance and is therefore illegal under federal law. Even in those states in which the use of cannabis has been legalized, its use, possession, or cultivation remains a violation of federal laws. A Schedule I controlled substance is defined as one that has no currently accepted medical use in the United States, a lack of safety for use under medical supervision and a VIP membership.high potential for abuse. The difference betweenU.S. Department of Justice (the “DOJ”) defines Schedule I controlled substances as “the most dangerous drugs of all the levelsdrug schedules with potentially severe psychological or physical dependence.” If the federal government decides to enforce the Controlled Substances Act with respect to cannabis, persons that are charged with distributing, possessing with intent to distribute, or growing cannabis could be subject to fines and terms of membership will be primarily based uponimprisonment, the access to featuresmaximum being life imprisonment and to mentors.

The portal also offers a social forum for its users, where users can interact with like-minded members and train with them virtually. Some people will experience increased motivation by being part of a group. The member can allow others to see all or part of his profile. The personal profiles$50 million fine.

As of the members candate of this memorandum, 42 states and the District of Columbia allow their residents to use some form of cannabis. The state laws are in conflict with the federal Controlled Substances Act (the “CSA”), which makes cannabis use and possession illegal on a national level. The Obama administration stated that it is not an efficient use of resources to direct law federal law enforcement agencies to prosecute those lawfully abiding by state-designated laws allowing the use and distribution of medical cannabis. However, recent statements by the Trump administration, in particular by Attorney General Jeff Sessions, indicate that this policy may be matched, sounder review. In March 2015, legislation was introduced in the portal will suggest network and training mates, and thereby helpingU.S. Senate proposing to ensure the optimum composition. It will be possible to do real-time training with training mates by sharing the screen in a videoconference on the portal.


Trends Driving Our Market
Several powerful trends are driving the growthchange federal law such that states could regulate medical use of cannabis without risk of prosecution. A key component of the virtual healthproposed Compassionate Access, Research Expansion, and fitness market:
Individuals and employers are increasingly focused on health and fitness. A variety of factors, such as changing consumer lifestyles and demographics, combined with rising healthcare costs and employers' increased emphasis on productivity, are leading individuals and employers to increasingly focus on health and fitness. Based on information from industry sources,Respect States Act (the “CARERS Act”) is to reclassify cannabis under the Controlled Substances Act to Schedule II, thereby changing the plant from a federally-criminalized substance to one that has recognized medical uses. There is no guarantee that the administration will not change its stated policy regarding the low-priority enforcement of federal laws. Additionally, any new administration could change this policy and decide to enforce the federal laws strongly. Any such change in the federal government’s enforcement of current federal laws could cause significant financial damage to us. While we do not intend to harvest, distribute or sell cannabis, we estimate consumers spent over $200 billion in 2014 on health and fitness services, such as gym and health club memberships, commercial weight management services, and consumer health products, such as weight management products and dietary supplements. In addition, IBISWorld estimates that the corporate wellness industry will grow from $7.2 billion in 2015 to $9.9 billion in 2019 in the United States.*
Advances in technology have enabled the emergence of virtual training and fitness products. Recent technological advances in streamlining video, monitoring sensors, high-speed broadband internet, the introduction of wireless standards such as Bluetooth low energy wireless, and other technologies have enabled the emergence of virtual training and fitness programs that may be usedirreparably harmed by consumersa change in enforcement by the federal government

The Company does not grow or distribute cannabis. However, our providing of services to state-approved cannabis cultivators and dispensary facilities could be deemed to be aiding and abetting illegal activities, a violation of federal law. We intend to remain within the confines of their own homesguidelines outlined in the Cole Memo (see “The Cole Memo”), however, we cannot provide assurance that the Company is in full compliance with the abiityCole Memo or any other federal laws or regulations.

Section 537 of the Consolidated Appropriations Act for the fiscal year ended September 30, 2017 prohibits the expenditure by the Department of Justice of any funds to receive real-time feedback based upon monitoring devicesprevent the implementation of medical marijuana laws by any state or the District of Columbia or Puerto Rico. In United States v McIntosh, the 9th Circuit Court of Appeals held that the operators and applications which track biometric data,growers had standing to challenge federal indictments for violations of the Controlled Substances Act. It is unknown whether future appropriations acts will include similar provisions or whether other circuits will follow the lead of the 9th Circuit.

 DOJ Deputy Attorney General James M. Cole issued a memorandum (the “Cole Memo”) to all United States Attorneys providing updated guidance to federal prosecutors concerning cannabis enforcement under the CSA. The Cole Memo guidance applies to all of DOJ’s federal enforcement activity, including civil enforcement and fitcriminal investigations and prosecutions, concerning cannabis in all states.

The Cole Memo reiterates Congress’s determination that cannabis is a wide range of consumer preferences.

Mobile devices have become the preferred platform for accessing information. Mobile devices have become the preferred platform for people to access information and manage their lives, as well as the primary hub to connect a variety of consumer devices. According to Gartner, by 2018 more than 50% of users will go to a tablet or smartphone first for all online activities.*
More individuals are turning to technology solutions to improve health and fitness. Individuals are increasingly using mobile apps and other software to improve health and fitness, allowing consumers to directly manage and track their health and fitness in unprecedented ways. According to The NPD Group, over 25% of U.S. consumers reported using a fitness app on their smartphone.*
52

Our Market Opportunity
According to International Data Corporation, or IDC, the wearable devices market is growing faster than on any segment in the global consumer electronics market.* In 2014, shipments of wearable devices more than tripled compared to the prior year, reaching a total of 28.9 million units shipped.* IDC expects the market for wearable devices will reach 173.4 million units shipped in 2019, representing a $44.7 billion worldwide revenue opportunity.* Based upon this information, we believe that our products and platform, and the ability to connect with wearable devices are primed to take advantage of this expanding market,dangerous drug and that the future growthillegal distribution and sale of this market representscannabis is a serious crime that provides a significant opportunitysource of revenue to large-scale criminal enterprises, gangs, and cartels. The Cole Memo notes that DOJ is committed to enforcement of the CSA consistent with those determinations. It also notes that DOJ is committed to using its investigative and prosecutorial resources to address the most significant threats in the most effective, consistent, and rational way. In furtherance of those objectives, the Cole Memo provides guidance to DOJ attorneys and law enforcement to focus their enforcement resources on persons or organizations whose conduct interferes with any one or more of the following important priorities (the “Enforcement Priorities”): (a) preventing distribution of cannabis to minors; (b) preventing revenue from cannabis from going to gangs, cartels and other illegal participants; (c) preventing the diversion of cannabis from states where it is legal to states where it is illegal; (d) preventing state-authorized cannabis activity


31


from being a cover or pretext for us. Further, as we developthe trafficking of other illegal drugs; (e) preventing violence and the use of firearms in the cultivation and distribution of cannabis; (f) preventing drugged driving and the exacerbation of other adverse public health consequences associated with cannabis use; and (g) preventing the growing of cannabis on public lands and its use or possession on Federal property. 

The DOJ may issue in the future supplemental guidance directing that prosecutors also consider the Enforcement Priorities with respect to federal money laundering, unlicensed money transmitter, and BSA offenses predicated on cannabis-related violations of the CSA.

Employees

We currently operate with 2 full time employees and 2 part time employees. We also engage consultants on an as-needed-basis to provide specific expertise and other business functions including marketing and accounting. None of our platformemployees or consultants are currently covered by a collective bargaining agreement. We have had no labor-related work stoppages and as consumers increasingly view our connected health and fitness products and services as an alternative or complement to other health and wellness activities, we believe thereour relations with our employees and consultants are excellent.

Seasonality of Business

There is an opportunityno seasonality with respect to reach a significant portion of the expanding health and fitness market.  Based on information from industry sources, we estimate this market represents an over $200 billion opportunity and includes consumer spend on health and fitness services, such as gym and health club memberships, commercial weight management services, and consumer health products, such as weight management products and dietary supplements. The broader health and fitness market, however, presents several challenges to overcome beforeour business or major fluctuations in monthly demand.

Environmental Matters

Although we are able to take advantage of this opportunity, including competition from larger, more established traditional health and fitness companies, uncertainty as to whether consumers will adopt our products and services as an alternative or complement to other health and wellness activities, and our relative lack of experience selling other products and services.

Our Competitive Strengths
We believe the following strengths position us to increase our revenue and profitability:
·
Tracking activities through Microsoft ® Kinect ® and wearable connected health and fitness devices. We have developed industry-leading technology which is incorporated in our NABUfit product, which will provide an optimal user experience for Product subscribers.  The use of the Microsoft® Kinect® interface allows users to receive real-time feedback based upon actual actions taken by the users. We empower users to live healthier, more active lifestyles by both tracking the information that matters most to them and providing them with real-time feedback. Our connected health and fitness devices span multiple styles, form factors, and price points, addressing the needs of everyone—from people simply looking to get fit by increasing their activity levels to endurance athletes seeking to maximize their performance.

·
Learning through our online dashboard and mobile apps. We offer our users a personalized online dashboard and mobile apps that sync automatically with our platform and provide our users with a wide range of information and analytics, such as charts and graphs of their progress and the ability to log caloric intake.

·
Professional Mentoring. Users are able to access professional and amateur mentors who will provide training and dietary programs which users may access.  In addition, users will be able to work with such mentors in a virtual capacity and receive feedback and assistance.

·
Staying motivated through social features, notifications, challenges, and virtual badgesOur products help users achieve their goals both individually and within the community that they choose. We motivate users by delivering real-time feedback including notifications, leaderboard and challenge updates, and virtual awards. Users can choose to share some or all of their health and fitness information on an opt-in basis with friends, family, and other parties, with third-party apps, and through social networks.  In addition, users can share workout, training and diet plans with other users and can engage with others users as amateur mentors.
·
Improving health and fitness through goal-setting, personalized insights, premium services, and virtual coaching. We believe our platform assists users in changing their daily behavior, such as eating healthier foods or going for a run or walking more to reach a goal or win a challenge. We also offer personalized insights and virtual coaching through customized fitness plans and interactive video-based exercise experiences on mobile devices and computers.
53

Our Strategy
Our objective is to make NABUfit the premier online fitness and training platform in key markets, beginning with China, Europe and North America. To achieve this goal, we intend to do the following:
Introduce innovative products.We will to develop the world's most innovative and diverse virtual health and fitness platform and we plan to continue to make significant investments in research and development to further strengthen our platform through both internally-developed and acquired technologies.
Introduce new features and services. We will continue to introduce innovative new features and services to increase user engagement and revenue.
Create brand awareness and drive sales of our products and services in key markets. We intend to target our marketing efforts to create global awareness of our brand and drive sales of our products and services in the key markets of China, Europe and North America.
Employe Professional Athletes and Trainers.  We will employ a rhobust ensemble of professional athletes and trainers from around the world, who will provide customized tranining and diet programs and work with our subscribers to achieve their fitness goals.
Coordinate with strategic partners in each of the target markets for marketing and distribution. We believe that international markets represent a significant growth opportunity for us and we intend to expand sales of our products and services globally through select retailers and strategic partnershipsWe will work with key partners in target markets to provide marketing and distribution expertise and assistance.  Although it may be challenging to gain market acceptance in these markets, we believe the assistance of such experts will expedite the process.

Target Market

The Company will initially market its products and services in China, Europe and North America.  China has a current population of approximately 1.4 billion people1of which approximately 14% (189 million) belong to the upper middle class and 50% (779 million) are living in urban areas. Growth of the e-commerce market in China is growing rapidly.2 E-commerce in 2012 generated more than 1 trillion yuan of transactions (45% for B2C and 55% for B2B) (source: iResearch) and the number of online shoppers in China has grown from 160 million in 2010 to 360 million in 2014.3 Experts expect that e-commerce will continue to rise.4 Mainland China's middle-income class grew by 203 million people in the 10 years after 2001, a Pew Research Centre report found - evidence, it said, of a "pivot to the east".5 This rising population will struggle with life style diseases, lack of time and increased need for healthy diet and physical training.



1 http://www.worldometers.info/world-population/china-population/
2 http://www.chinainternetwatch.com/tag/e-commerce/
3 http://www.statista.com/statistics/277391/number-of-online-buyers-in-china/
4 http://www.mckinsey.com/insights/asia-pacific/china_e-tailing
5 http://www.scmp.com/news/china/article/1835527/chinas-middle-class-grew-203-million-10-years-report 
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In the U.S., three-quarters of online consumers (75%) owned some kind of health and fitness technology product in 2013, up from 61 percent in 2012, according to CEA.6  Pedometers (37%) rank as the most popular fitness technologies owned by Americans according to CEA, followed by fitness video games (26%) and portable heart rate monitors (21%).6  CEA stats show consumer ownership of health and fitness aps more than doubled from 8% in 2012 to 20% in 2013 as developers created more user-friendly apps for smartphones and other mobile devices.6 Consumer ownership of dedicated wearable health and fitness devices worldwide tripled from three percent in 2013 to nine percent in 2013 as new wearables were introduced and existing products gained greater adoption, according to CEA.6  Some 90 million wearable devices were shipped worldwide in 2014, driven largely by the popularity of health and fitness applications, according to ABI Research.6 The number of wearable health and fitness devices shipped annually around the world will climb as high as 170 million by 2017, an annual growth rate of 41%, according to ABI Research.6 The global market for wearable wireless devices will reach USD 6 billion in revenues by 2016 despite such limiting factors as lack of suitable technology, poor user compliance, and lack of an overall enhanced experience, according to IMS Research.6
The dynamic growth of mobile devices will continue to drive the sale of related accessories, giving manufacturers and retailers a wealth of opportunities – along with an equal amount of challenges – to increase revenue, margin and customer traffic in-store and online which NABUfit expect to gain from.  By most, if not all accounts, 2014 was a breakout year for health and fitness technology gadgets, software apps and other products.  As more Americans turn to calorie trackers, fitness video games, pedometers, heart rate monitors, fitness trackers, digital weight scales, lab counters, smart watches, motion sensors in sports gear sleep trackers, blood pressure monitors, accelerometers and smartphone apps for assistance with their daily health and fitness routines, these digital tech products are going mainstream.
While such relatively low-tech devices as pedometers still account for the biggest share of the market, more advanced tech products like fitness video games and portable heart rate monitors are now making inroads, giving risedirectly subject to such popular consumer brands as Fitbit, Nike, Garmin, FuelBand, Adidas, miCoach, Philip Activa, Samsung MyFitlaws, our customers are subject to various laws and Jawbone.6
Likewise, the European fitness industry enjoyed a dramatic increase during 2014 according to the European Health & Fitness Market Report,7 published by EuropeActive, the European fitness trade associationgovernmental regulations concerning environmental matters and Deloitte.
In 2014, there were 50.1 million members in European wellnessemployee safety and fitness centers, which is an increase for 9% compared to 2013.7 This is also reflected in the sales of fitness related products, online videos and wearables.
Customers
·NABUfit Members:
oPersons becoming members of the NABUfit portal (Basic and VIP) and buying training modules, diet programs, other programs and features offered on the portal.

·Amateur and professional mentors and others offering their training and diet modules and plans on the portal:
oThe Company will receive a percentage of fees charged by professional and amateur mentors; and
oThe Company will charge a fee to mentors to become licensed on the portal.

1 http://www.scmp.com/news/china/article/1835527/chinas-middle-class-grew-203-million-10-years-report 
2 http://content.ce.org/PDF/2014DigitalAmerica_abridged.pdf#page=11 (page 43)
3 https://www2.deloitte.com/content/dam/Deloitte/pl/Documents/Press/pl_PRESS_RELEASE_EuropeActive.pdf
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Sources of Income and Pricing

The basic membership is priced at $5 USD per month, which is less than or comparable with other virtual or online training programs and is generally less than most gym memberships. We anticipate that a VIP membership will be priced at $10 USD per month.  In addition, users will be able to purchase additional products, access to additional programs, personal access to mentors and their training programs and other additional options.  NABUfit will receive membership fees, a percentage of additional purchases, transaction fees and revenue from sales of other products, goods and services offered on the portal.
Monthly membership fee:
Members will pay a monthly fee for a basic or a VIP membership of NABUfit. Access to professional and amateur mentoring and other offers on the portal can be purchases separately.
Certification fee:
Members of the portal can offer training and diet plans to other members on the portal and achieve certification as an amateur mentor.  Certification by a member as an amateur mentor requires payment of a certification fee.
In addition, the portal will offer professional trainers and athletes the opportunity to be certified as a pro-mentor for a certification fee. Professional mentors may offer and sell their training and diet programs and offer ongoing services.
Transaction fee:
The portal is a total solution connecting members with all providers of training on the portal.  The Company anticipates charging a transaction fee of approximately 15% on all transactions on the portal taking place between mentors and members.
Top ranking fee
The top ranking is a feature offered to mentors for them to buy a higher ranking as compared to other mentors on the portal. This can be introduced when the portal reaches a higher number of members – expectedly during year two. Both professional and amateur mentors can use top rankings to promote their products and services.  Top ranking is connected to rating so that a mentor can only buy top ranking within the rating he has achieved.
Web shop
Finally, there will be income connected to the sale of products in the web shop, where members can use cash or earned points to purchase items.

Sales and Marketing
The Company will place a large emphasis on social media for the marketing and advancement of the portal.  For instance, the population of China is unusually frequent users of social media.  A new survey of 5,700 Internet users in China has found that 95 percent of those living in Tier 1, Tier 2, and Tier 3 cities are registered on a social-media site; in addition, the country has by far the world's most active social-media population, with 91 percent of respondents saying they visited a social-media site in the previous six-months, compared with 30 percent in Japan, 67 percenthealth in the United States and 70 percentother countries. U.S. federal environmental legislation that affects us includes the Toxic Substances Control Act, the Resource Conservation and Recovery Act, the Clean Air Act, the Clean Water Act, the Safe Drinking Water Act and the Comprehensive Environmental Response Compensation and Liability Act (CERCLA). We may also be subject to regulation by the Occupational Safety and Health Administration (OSHA) concerning employee safety and health matters. The United States Environmental Protection Agency (EPA), OSHA, and other federal agencies have the authority to promulgate regulations that have an effect on the Company’s operations. As of the date of this Memorandum, we did not have any accrued liabilities related to environmental matters.

Legal Proceedings

We know of no material pending legal proceedings to which our company or any of our subsidiaries is a party or of which any of our assets or properties, or the assets or properties of any of our subsidiaries, is the subject. In addition, we do not know of any such proceedings contemplated by any governmental authorities.

We know of no material proceedings in South Korea.8

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We believe Chinese consumers are more likelywhich any of our directors, officers or affiliates, or any registered or beneficial stockholder is a party adverse to consider buying a product if they see it mentioned on a social-media site and more likely to purchase a productour company or service if a friendany of our subsidiaries or acquaintance recommends it on a social-media site.
Chinese consumers rely heavily upon peer-to-peer recommendations over general mass advertising. In general, the Chinese populace is skeptical of information from news sources and advertising and rely more on word-of-mouth from friends, family, and key opinion leaders, many of whom share information on social media.9

While messaging and sharing photos is as popular in China as in other regions, one aspect of usage in the country stands out: social media has a greater influence on purchasing decisions for consumers in China than for those anywhere else in the world.1  Duematerial interest adverse to the widespread use of social media in China, the Company will focus its marketing efforts on this medium.  The Company will be present with its own social media site on the largest Chinese social media platforms and be linked to the sites of sports stars and their profiles on the social media. Sale of memberships, products and services will take place on the portal.  With regards to North America and European Market, we anticipate employing a similar strategy.
With professional assistance from industry leaders, the Company will produce a digital strategy for SEO and social media marketing in China aimed to optimize online marketing.
Major Western social media outlets such as Facebook, YouTube, Twitter and Google search engine are blocked in China and can only be used in very few places with VPN. On the other hand, China has a wide range of its own social media with a very large number of users.
Twitter-like media:
• Sina Weibo: the most popular platform with 600 million registered users and about 300 million active users.
• Tencent Weibo: about 230 million registered users.
Facebook-like media:
• RenRen (Xiaonei): about 194 million registered users, 54 million active users per month.
• Kaixin 001: about 113 million users.
• Pengyou (Tencent): about 259 million registered users + Tencent QQ network (messenger) with 784 million users.

1 http://www.mckinsey.com/insights/marketing_sales/chinas_social-media_boom
2 http://www.mckinseychina.com/chinas-social-media-boom-2/#sthash.Bcv1swAL.dpuf
3 http://www.mckinsey.com/insights/marketing_sales/chinas_social-media_boom
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Yelp-like media:
• Dianping.com: 170 million active users per month.
MySpace-like media:
• DOUBAN: more than 100 million users.
Google-like search engine:

• Baidu (largest).

Manufacturing

The Company does not at this time engage inour company or any manufacturing but may engage in manufacturing of products to be sold on the Portal or on the Company's website in the future.

Intellectual Property

As a company primarily focused on fitness and training platforms with interactive interfacing technologies, we expect that our intellectual property constitutes a significant part of our assets.  Protectionsubsidiaries.

MARKET FOR OUR COMMON STOCK

Our Common Stock is currently quoted on OTCQB under the symbol “NBGV,” however it is not listed on any stock exchange, and there is currently limited trading in our securities.

DIRECTORS AND EXECUTIVE OFFICERS

All directors of our intellectual property is being pursued in Denmark, China andcompany hold office until the United States, along with, common-law trademarks, trade secrets and know-how protection.

Research and Development
Certain modules of the NABUfit product are based upon the Microsoft® technology platform, which the Company believes provides optimal scalability at this time. The Company has a very good relationship with Microsoft® and continues to work with Microsoft® towards the development of its products. Microsoft® sees the NABUfit value proposition to customers, and as such Microsoft® has agreed to grant the Company the necessary Microsoft® licenses, at a value of USD $20,000, for free.
The Company has identified a strong in-house development team headed by experienced individuals with significant experience in driving larger, complex products, including products for one of the largest providers of Energy in Denmark. 
The Company is driving the development based on SCRUM, which is a well-known software development tool securing full transparency of the development. SCRUM provides a vast visual picture of how far development is according to the original plan.
Additional members of the in-house development team will be added as required.
Government Regulation
To the Company's knowledge, there are no legal issues in selling the Company's products or services in the expected markets and regions.
Employees
At June 6, 2016, we had 11 full-time employees. Within our workforce at June 6, 2016, 4 employees are engaged in product development and 7 employees in business development, finance, human resources, facilities, information technology and general management and administration. We expect the number of employees to rise to more than 25 by the end of 2016. We have no collective bargaining agreements with our employees, and we have not experienced any work stoppages. We consider our relations with our employees to be good.
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Properties
Our corporate headquarters are located in Frederica, Denmark, and our U.S. mailing address is 626 East 1820 North, Orem, Utah 84097.  The Company does not own any properties, but currently leases office space at two locations in Denmark.  One space is leased for $762 per month, withoutnext annual escalation.  The term of the lease is five years, however, the Company can terminate the lease with six month's notice but not before October 1, 2017.  The second space is leased on a month-to-month basis for $877 per month.  
Legal Proceedings
From time to time, we may be involved in litigation relating to claims arising outmeeting of our operations in the normal coursestockholders or until their successors have been elected and qualified, or until their death, resignation or removal. The executive officers of business. Weour company are not currently a party to in any legal proceeding that we believe would have a material adverse effect onappointed by our business, financial conditionboard of directors and hold office until their death, resignation or operating results.
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removal from office.



SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

32


The following table sets forth certain information relatingfor the proposed incoming directors and incoming officers after the forthcoming change in officers and directors.

Name

Age

Position

Term of Office

Brian Mertz

41

Director

One year

Ole Sigetty

58

Director, Secretary

One year

Ben Esque

41

Director

One year

Mark Mersman

50

Director, Chief Executive Officer

N/A

Scott Cox

45

Director, President

NA

Robert K. Bench

68

Chief Financial Officer

N/A

The Board of Directors is comprised of only one class. All of the directors serve for a term of one year and until their successors are elected at the Company’s annual shareholders’ meeting and are qualified, subject to removal by the Company’s shareholders. Each executive officer serves, at the pleasure of the Board of Directors, for a term of one year and until his successor is elected at a meeting of the Board of Directors and is qualified.

Our Board of Directors believes that its members encompass a range of talent, skill, and experience sufficient to provide sound and prudent guidance with respect to our operations and interests. The information below with respect to our Directors and Officer includes each director’s and officer’s experience, qualifications, attributes, and skills that led our Board of Directors to the beneficial ownership of our Common Stock at June 6, 2016, by:

each person,conclusion that he or group of affiliated persons, known by us to beneficially own more than 5%she should serve as a director and/or executive officer.

Business Experience

The following is a brief account of the Company post-Share Exchange outstanding shareseducation and business experience of Common Stock;

each of our directors;
each of our named executive officers; and
all current directors and executive officers as a group.
The number of shares beneficially owned by each entity, person, director or executive officer is determined in accordance withduring at least the rulespast five years, indicating their principal occupation during the period, and the name and principal business of the SEC, and the information is not necessarily indicative of beneficial ownership for any other purpose. Under such rules, beneficial ownership includes any shares overorganization by which the individual has sole or shared voting power or investment power as well as any shares that the individual has the right to acquire within 60 days of June 6, 2016 through the exercise of any stock option, warrants or other rights. Except as otherwise indicated, and subject to applicable community property laws, the persons named in the table have sole voting and investment power with respect to all shares of common stock held by such person.
The percentage of shares beneficially owned is computed on the basis of 19,437,236 shares of common stock outstanding June 6, 2016. Shares of common stock that a person has the right to acquire within 60 days of June 6, 2016 are deemed outstanding for purposes of computing the percentage ownership of the person holding such rights, but are not deemed outstanding for purposes of computing the percentage ownership of any other person, except with respect to the percentage ownership of all directors and executive officers as a group. Unless otherwise indicated below, the address for each beneficial owner listed in the table is c/o NABUfit Global, Inc., 626 East 1820 North, Orem, Utah 84097.
 
Name and Address of Beneficial Owner (1)
 
 
Number of
Shares
Beneficially
Owned (2)
  
Number of
Shares
Exercisable
Within 60 Days
  
Number of
Shares
Beneficially
Owned
  
Percentage
of Beneficial
Ownership
 
5% and Greater Stockholders            
             
Brian Palm Svaneeng Mertz (3)  1,302,023      1,302,023   6. 22%
Michael Maze (4)  3,117,057      3,117,057   14.88%
Morton Krarup (5)  2,900,360      2,900,360   13.85%
Mads Frederiksen (6)  2,213,400      2,213,400   10.57%
Mikkel Kessler  1,533,080      1,533,080   7.32%
Morton Albaek  (7)  1,388,750      1,388,750   6.63%
Hugo Svaneeng (8)    1,235,096        1,235,096    5.90
Other Officers and Directors                
Soren Jonassen  105,530      105,530   * 
Robert Bench (9)  29,457      29,457   * 
Ole Sigetty (10)  96,667       96,667   * 
All current directors and executive officers as a group (seven persons)  9,569,267           45.70%
*
Indicates beneficial ownership of less than 1% of the total outstanding common stock.
(1)
(2)
The address is the address of the Company, 626 East 1820 North, Orem, UT 84097.
Except as indicated, each person has sole voting and/or investment power over the shares listed, subject to applicable community property laws.  There are no options granted or outstanding.
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(3)Mr. Mertz is the Company's Chief Execuvie Officer.  This amount Includes 980,952 shares owned by World Wide Investment Fund Ltd. and 644,000 shares owned by Stratega ApS and 185,000 shares owned by Growthcom ApS, which may be deemed to be beneficially owned by Mr. Mertz who is a control person in each company.

(4)Includes shares owned through Maze Holdings Aps, an entity owned and controlled by Michael John Maze.

( 5 )Includes shares owned by M. Krarup Holdings IVS, an entity owned and controlled by Morten Krarup, member of Board of Directors.

( 6 )Includes shares owned by F-Reklame A/S, an entity owned and controlled by Mads Frederiksen, Chairman of the Board of Directors.
( 7 )
( 8 )
(9)
(10)
Shares deemed beneficially owned by Morton Albaek, member of the Board of Directors
Beneficially owned by Brian Mertz.
Includes 8,885 shares owned by Vector Capital, LLC, an entity controlled by Mr. Bench, President and Chief Financial Officer
Includes 66,667 shares owned by FFP ApS, an entity owned and controlled by Mr. Sigetty, a member of the Board of Directors.

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DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS
Directors and Executive Officers
Below are the names of and certain information regarding the Company's current executive officers and directors whothey were appointed effective as of the closing of the Share Exchange:
NameAgePositions(s)
Executive Officers
Brian Palm Svaneeng Mertz40Chief Executive Officer, Director
Mads H. Frederiksen (1)(2)41Chief Marketing Officer, Chairman
Morten Krarup (3)43Chief Business Development Officer, Director
Robert Bench66Chief Financial Officer
 Ole Sigetty56Secretary, Director
Non-Employee Directors
Soren Jonassen (1)(3)47Director
Morten Albaek (2)40Director
(1)Member of audit committee.
(2)Member of compensation committee.
(3)Member of nominating and corporate governance committee.
Executive Officers
employed:

Brian Mertz, Director and Chief Executive Officer -

Mr. Mertz has over fifteentwenty years of experience working with start-up enterprises where he has served on management teams, boards of directors and in executive level management positions.  Mr. Mertz has special qualifications within international negotiations, management, merger & acquisitions, public offerings, sales, business development and business-to-business marketing. Mr. Mertz served as Chief Operations Officer of the Nasdaq listed IT-security company EuroTrust in the period of 2001 to 2004, where he worked with the company'scompany’s largest shareholder, VeriSign (now Symantec).  Mr. Mertz was the co-founder and Chief Executive Officer of Guava A/S, a Danish online marketing company listed on the Danish Stock Exchange from the period 2004 to 2009 and Chief Executive Officer of the Norwegian listed entertainment company NIOGaming Innovation Group Inc. during the period 2012 to 2014. Mr Mertz is educated with a BA in Organization and Marketing from Niels Brock Business College in Copenhagen, Denmark.

Mads Frederiksen, Director, Chairman and Chief Marketing Officer- Mr. Frederiksen was appointed to the Board of Directors and as the Chief Marketing Officer on November 30, 2015.  Mr. Frederiksen currently serves as the Chief Executive Officer and co-owner of F. Reklame, a sports agency, which for more than 40 years has specialized in sports marketing. Clients of F. Reklame include, among others, Peter Schmeichel, Kasper Schmeichel, Michael Laudrup, Brian Laudrup, Michael Maze, Thorbjorn Olesen and Morten Olsen. Mr. Fredericksen deals with sponsorships, TV contracts, events, media handling, etc.

Morten Krarup, Director and Chief Business Development Officer- Mr. Krarup was appointed as a Director and Chief Business Development Officer on November 30, 2015.  Since 2014, Mr. Krarup has served as a Completion and Well Intervention Engineer at Weatherford Denmark.  Prior to this position, Mr. Krarup worked as a Senior Wireline and Logging Supervisor for Archer Denmark from September 2005 until February 2014.Mr. Krarup is also engaged in Business Development and Project Management in the oil industry in Denmark and Netherlands. Mr. Krarup has been key to the creation of NABUfit.

Robert Bench, Chief Financial Officer- Mr. Bench has served as our Chief Financial Officer since October 2008, and served as the Company's President from 2008 until 2015.   Mr. Bench also served as a member of our board of directors from December 2007 thorugh November 2014.  Mr. Bench was a founder and since April 1999 has been a managing member of BayHill Group LC, a consulting group focused on assisting microcap companies ("BayHill Group"). From January 2005 until April 2007, he also served as the Chief Financial Officer of Innuity, Inc. (INNU), software as a service company that delivers applications for small business. From November 2000 until August 2004, he also served as Chief Financial Officer of The SCO Group (SCOX), a developer and marketer of software applications and operating systems. Mr. Bench is a certified public accountant and holds a bachelor degree in accounting from Utah State University.
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Board Composition
Non-Employee Directors

Soren Jonassen- Mr. Jonassen has served as a director since April 2012. Mr. Jonassen is an experienced professional with over 25 years in the audit profession in Denmark. He was appointed as a certified public accountant in 1996 and served as audit manager in Arthur Andersen until 1996 and has been serving as audit partner in Crowe Horwath Denmark since 1996. Mr. Jonassen is a CPA and holds a degree of master in business economy from Copenhagen Business School. Mr. Jonassen has served as CEO of Crowe Horwath where he was also International liaison partner establishing a professional worldwide network. During his professional work he has assisted start-ups and a large number of small to midsized companies, including assisting with public offerings in Denmark and USA. Mr. Jonassen has specialized in IFRS public reporting and conversion process.  He has been an adviser in large M&A transactions, and has been co-founder of a number of private companies in Denmark in a number of different sectors.

Ole Sigetty, Director- Mr. Sigetty has served as a Director, since November 2014. Secretary

Mr. Sigetty is an experienced professional with more than 30 years as an attorney-at-law in Denmark.  Mr. Sigetty is admitted to the Supreme Court of Denmark where he appears regularly. Mr. Sigetty is a senior partner of the Law Firm Németh & Sigetty A/S, Copenhagen, Denmark. During his professional work, Mr. Sigetty, has practiced business law and litigation with a focus on M&A transactions, contract law, and public listings. Mr. Sigetty has served on several boards as both director chairman including the position of chairman of the board of Guava A/S, a Danish online marketing company listed on the Danish ShareStock Exchange in the period 2004-2009, director and chairman of the board Norwegian listed entertainment company, NioGaming Innovation Group Inc., in the period 2012-2013,2012-


33


2013, director and chairman of the board of International Food Science Center A/S and director of MMC Optical A/S, director of Seven Seas Clothing Co. A/S.  Mr. Sigetty holds a Master of Arts in Journalism and Public Affairs from the American University in Washington D.C.


Morten Albæk, Director-

Ben Esque, Director

Mr. AlbækEsque is serial entrepreneur with a breadth of experience in the health care industry with a focus in the medical device and diagnostic arena. He has been involved in multiple startups and has a distinct experience in business development, product distribution licensing, and sales and marketing strategy. Mr. Esque has held multiple positions within the pharmaceutical, medical device, and biotechnology diagnostic industries.  Since 2014, he has served in key account management positions for Abiomed (ABMD), an S&P 400 medical device implant company. Previously, Mr. Esque was appointed asresponsible for various strategic and training initiatives with Edwards Lifesciences (EW) pertaining to the US commercial launch of Transcatheter Heart Valves. Prior to that he led the global training and development for a Director on November 30, 2015.division Johnson & Johnson and was a regional sales manager with KOS Pharmaceuticals, which was acquired by Abbot Laboratories for $4.1b. Mr. Albæk currently serves asEsque holds a degree in business administration with a concentration in marketing from the University of California.

Mark Mersman, Chief Executive Officer and Co-founder of the investment company Voluntas A/S.  Prior to this position,

Mr. Albæk served as the CMO & Group Senior Vice President, Vestas Wind Systems A/S from 2009 through July 2015. Mr. AlbækMersman currently serves as a board memberconsultant to three ancillary cannabis companies. Mark has also been providing consulting services for various other companies, including, Jmw Consulting ApS (Chairman) Brøndbyernes I.F. Fodbold A/S (member), Vertic A/S (member)two cannabis focused investment funds since 2016.  In early 2017 Mark worked with David Nagel, Esq. of Feldmann Nagel, LLC, a prominent cannabis law firm, to lobby for the passage of Colorado S.B. 25. The bill was passed and Voluntas Danmark A/S (member). 

Asa portion of the date hereof, we have no other significant employeesColorado Marijuana Tax Cash Fund was appropriated to education for the CO public school system. Previously, Mr. Mersman co-founded and do not anticipate adding any key employees other thanserved as President of Unity Resources, LLC and Legacy Income Properties, LLC. Mr. Mersman had been leading a team in evaluating and investing in minerals and royalties for families and institutions.  Mr. Mersman has formed and has managed over 10 private investment funds, altogether encompassing over $10 million and in excess of 100 mineral and royalty acquisitions and divestitures. Mr. Mersman was founder and President of Mersman Capital Management, Inc., a private wealth advisory firm formed in September 2007 that provided portfolio management for a small group of high net worth individuals. Mersman Capital Management’s portfolio was sold and transitioned to another advisory firm in December of 2015. Prior to forming Mersman Capital Management, Mr. Mersman served as Regional Vice President for Fisher Investments from April 2000 to September 2007, where he managed a combined client portfolio of representing over $200 million. Mr. Mersman has previously held FINRA licenses 7, 63, and 65, and held the designation of Chartered Retirement Planning Counselor. Mr. Mersman is a graduate with a B.B.A. in Marketing and Finance from the University of Arkansas

Scott Cox, Director, President

Mr. Cox has over 20 years of experience in the management and operations of public and private companies. Since October 2015, Mr. Cox has served as a Principal in Basin Capital, Inc., a private family office focused on the acquisition and divestiture of oil and gas minerals and royalties and various entrepreneurial ventures. Prior to Basin Capital, from July 2013 to October 2015, Mr. Cox served as Vice President of Land for Breitling Energy Corporation (OTC: BECC) where he was instrumental in acquiring over $20 million in producing and non-producing oil and gas properties. Prior to that he served as Director of Operations for Frontier Oilfield Services, Inc (OTC: FOSI) from September 2012 where he helped lead a public company acquisition and roll-up of 2 privately owned oilfield service companies. Mr. Cox attended Eastern New Mexico University where he studied Business Administration.

Robert K. Bench, Chief Financial Officer

Robert K. Bench has served as our executiveChief Financial Officer since October 2007 and as a member of our Board of Directors from December 2007 until 2014.  Mr. Bench was a founder and since April 1999 has been a managing member of BayHill Group LC, a consulting group focused on assisting microcap companies (“BayHill Group”). From January 2005 until April 2007, he also served as the Chief Financial Officer of Innuity, Inc. (INNU), software as a service company that delivers applications for small business. From November 2000 until August 2004, he also served as Chief Financial Officer of The SCO Group (SCOX), a developer and marketer of software applications


34


and operating systems. Mr. Bench is a certified public accountant and holds a bachelor degree in accounting from Utah State University.  

Terms of Office

The Company’s directors were appointed on October 18, 2017, to serve a one-year term and to hold office until the next annual general meeting of the Company’s shareholders or until removed from office in accordance with the Company’s Bylaws (“Bylaws”) and the provisions of the Delaware General Corporation Law. The Company’s directors hold office after the expiration of his or her term until his or her successor is elected and qualified, or until he or she resigns or are removed in accordance with the Company’s Bylaws and the provisions of the Delaware General Corporation Law.

The Company’s officers identified above.

will hold office until removed by the Board of Directors in accordance with the Company’s Bylaws and the provisions of the Delaware General Corporation Law.

Director Independence

Our board of directors currently consists of five members. We are not currently subject to listing requirements of any national securities exchange that has requirements that a majority of the board of directors be "independent."“independent.” Nevertheless, our board of directors has determined that a majorityall of our directors qualify as "independent"“independent” directors in accordance with listing requirements.  In making these determinations, our board of directors reviewed and discussed information provided by the directors and us with regard to each director'sdirector’s business and personal activities and relationships as they may relate to us and our management. There are no family relationships among any of our directors or executive officers.


Except as discussed above, to our knowledge, there have been no events under any bankruptcy act, criminal proceedings and no federal or state judicial or administrative orders, judgments, decrees or findings, no violations of any federal or state securities laws, and no violation of any federal commodities law material to the evaluation of the ability and integrity of any director (existing or proposed), executive officer (existing or proposed), promoter or control person of the Company during the past 10 years.

63


To our knowledge, there are no material proceedings to which any director (existing or proposed), officer (existing or proposed), affiliate of the Company, any holder of 5% or more of our currently outstanding common stock, any associate of any such director or officer, or any affiliate of such security holder that is adverse to us or has a material interest adverse to us. There are no family relationships among any of the officers and directors.

Meetings and Committees of the Board

Our Board of Directors has standing Audit Committee. To date, our Board of Directors has not established a Compensation, Nominating or Governance Committee, in part because our Board of Directors believes that, at this stage of our development, all of our directors should be actively involved in the matters which would be addressed by such a committee. We may, in the future, establish a Compensation, Nominating or Governance Committee. We believe each of the directors serving on our Audit Committee is an independent director pursuant to NASD Rule 4200(a) (15).

Family Relationships

There are no family relationships between or among the directors, executive officers or persons nominated or chosen by us to become directors or executive officers.

Nominations to the Board of Directors


35


Our directors take a critical role in guiding our strategic direction and oversee the management of the Company. Board of Director candidates are considered based upon various criteria, such as their broad-based business and professional skills and experiences, a global business and social perspective, concern for the long-term interests of the shareholders, diversity, and personal integrity and judgment. While we seek a diversity of experience, viewpoints and backgrounds on the Board, we have not established a formal policy regarding diversity in identifying directors.

Leadership Structure and Role of Board inon Risk Oversight Process

Risk assessment and oversight are an integral part of our governance and management processes. Our board of directors encourages management to promote a culture that incorporates risk management into our corporate strategy and day-to-day business operations. Management discusses strategic and operational risks at regular management meetings and conducts specific strategic planning and review sessions during the year that include a focused discussion and analysis of the risks facing us. Throughout the year, senior management reviews these risks with the board of directors at regular board meetings as part of management presentations that focus on particular business functions, operations or strategies, and presents the steps taken by management to mitigate or eliminate such risks.

Our board of directors does not have a standing risk management committee, but rather administers this oversight function directly through our board of directors as a whole, as well as through various standing committees of our board of directors that address risks inherent in their respective areas of oversight. In particular, our board of directors is responsible for monitoring and assessing strategic risk exposure, and our audit committee is responsible for overseeing our major financial risk exposures and the steps our management has taken to monitor and control these exposures. The audit committee also monitors compliance with legal and regulatory requirements. Our nominating and governance committee monitors the effectiveness of our corporate governance guidelines and considers and approves or disapproves any related-person transactions. Our compensation committee assesses and monitors whether any of our compensation policies and programs has the potential to encourage excessive risk-taking.

Board Committees

Mr. Robert Bench serves as the Company’s Chief Financial Officer. Mr. Mark Mersman serves as the Company’s Chief Executive Officer and as a director.  We determined this leadership structure was appropriate for the Company due to our small size and limited operations and resources. The directors evaluate the Company’s leadership structure and modify such structure as appropriate based on the size, resources, and operations of the Company.  Our Board of Directors are exclusively involved in the general oversight of risks that could affect our Company.

Code of Ethics

We have adopted a formal code of ethics within the meaning of Item 406 of Regulation S-K promulgated under the Securities Act that applies to our principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions that establishes, among other things, procedures for handling actual or apparent conflicts of interest.

We have found that the fiduciary duties placed on individual directors by our governing corporate legislation and the common law and the restrictions placed by applicable corporate legislation on an individual director’s participation in decisions of our board of directors in which the director has an interest have been sufficient to ensure that our board of directors operates in the best interests of our company.

Nomination of Directors

As of September 30, 2017, we had not effected any material changes to the procedures by which our stockholders may recommend nominees to our board of directors. Our board of directors does not have a standing Audit Committeepolicy with regards to the consideration of any director candidates recommended by our stockholders. Our board of directors has determined that it is in the best position to evaluate our company’s requirements as well as the qualifications of each candidate when our board considers a nominee for a position on our board of directors. If stockholders wish to


36


recommend candidates directly to our board, they may do so by sending communications to the president of our Company at the address of our executive offices.

Involvement in Certain Legal Proceedings

None of our directors and executive officers has been involved in any of the following events during the past ten years:

(a)

any petition under the federal bankruptcy laws or any state insolvency laws, filed by or against, or an appointment of a receiver, fiscal agent or similar officer by a court for the business or property of such person, or any partnership in which such person was a general partner at or within two years before the time of such filing, or any corporation or business association of which such person was an executive officer at or within two years before the time of such filing;

(b)

any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offences);

(c)

being subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining such person from, or otherwise limiting, the following activities: (i) acting as a futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction merchant, any other person regulated by the Commodity Futures Trading Commission, or an associated person of any of the foregoing, or as an investment adviser, underwriter, broker or dealer in securities, or as an affiliated person, director or employee of any investment company, bank, savings and loan association or insurance company, or engaging in or continuing any conduct or practice in connection with such activity; engaging in any type of business practice; or (iii) engaging in any activity in connection with the purchase or sale of any security or commodity or in connection with any violation of federal or state securities laws or federal commodities laws;

(d)

being the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any federal or state authority barring, suspending or otherwise limiting for more than 60 days the right of such person to engage in any activity described in paragraph (c)(i) above, or to be associated with persons engaged in any such activity;

(e)

being found by a court of competent jurisdiction (in a civil action), the Securities and Exchange Commission to have violated a federal or state securities or commodities law, and the judgment in such civil action or finding by the Securities and Exchange Commission has not been reversed, suspended, or vacated;

(f)

being found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed, suspended or vacated;

(g)

being the subject of, or a party to, any federal or state judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated, relating to an alleged violation of: (i) any federal or state securities or commodities law or regulation; or (ii) any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order; or (iii) any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or

(h)

being the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member.

Section 16(a) Beneficial Ownership Reporting Compliance

Section 16(a) of the Securities Exchange Act of 1934 requires our officers and directors and persons who own more than 10% of the outstanding Shares to file reports of ownership and changes in ownership concerning


37


their Shares with the SEC and to furnish us with copies of all Section 16(a) forms they file. We are required to disclose delinquent filings of reports by such persons.

Based solely on the copies of such reports and amendments thereto received by us, or written representations that no filings were required, we believe that all Section 16(a) filing requirements applicable to our executive officers and directors and 10% stockholders were met for the year ended December 31, 2016.

Board Compensation

The following table sets forth information for the years ended December 31, 2015 and December 31, 2016, regarding the compensation awarded to, earned by or paid to NABUFIT Denmark’s non-employee directors.  Compensation Comittee. To date, ourfor those directors that also are part of the Company’s management team is set forth in the section entitled “Executive Compensation” below.

Name

Year

Fees Earned

or Paid in

Cash($)

Option

Awards

($)(1)

Stock

Awards

($)

Total($)

Mads H. Frederiksen*

2016

$ -

$ -

$15,000

$15,000

2015

-

-

-

-

Soren Jonassen*

2016

-

-

10,000

10,000

2015

-

-

120,000

120,000

Ole Sigetty

2016

-

-

10,000

10,000

2015

-

-

120,000

120,000

Morten Krarup*

2016

-

-

10,000

10,000

2015

-

-

-

-

Morton Albaek*

2016

-

-

10,000

10,000

2015

-

-

-

-

Brian Mertz*

2016

-

-

        230,002 

230,002

2015

-

-

120,000

120,000

(1) There were no Option Awards during the years ended December 31, 2016 or 2015.

* Former officer or director.

In August 2016, the Board of Directors has not established a Nominating or Governance Committee, in part because ourapproved stock compensation for the period July 1, 2016 to June 30, 2017.  Each of the four board members will receive 21,739 shares of common stock, the chairman will receive 32,608 shares of common stock and the secretary will receive 8,152 shares of common stock.  The shares will be issued during 2017, prior to the end of the contract period.

In August 2016, the Board of Directors believes that,approved stock payments for services to Directors Soren Jonassen (31,000 shares) and Ole Sigetty (64,130 shares) for professional services from July 1, 2016 to June 30, 2017.  The shares were issued during the period ended September 30, 2017.  

In September 2015, Directors Soren Jonassen and Ole Sigetty and former Director Brian Palm Svaneeng Mertz each received 30,000 shares of common stock. These shares were recorded for book purposes at this stagethe market price at the time of the award of $4.00 per share for total compensation of $360,000.

Compensation

Our board of directors is responsible for determining compensation for the directors of our development,Company to ensure it reflects the responsibilities and risks of being a director of a public company.


38


EXECUTIVE COMPENSATION

The following table sets forth information concerning all cash and non-cash compensation awarded to, earned by or paid to the named person for services rendered in all capacities during the six month ending December 31, 2015 and the year ended December 31, 2016.  No other executive officers received total annual compensation in excess of $100,000.

Person

Year

Salary

($)

Bonus

($)

Stock

Awards

($)

Option

Awards

($)

Non-

equity

Incentive

Comp ($)

 

All Other

Comp.

($)

Total

($)

Morten Krarup(1)

2015

$ 10,960   

 

 

 

 

 

$ 10,960   

 

2016

$ 123,700   

 

 

 

 

 

$123,700   

Ulrik Moll(2)

2015

$ 46,716   

 

 

 

 

 

$ 46,716   

 

2016

$ 117,735   

 

 

 

 

 

$ 117,735   

Robert K. Bench(3)

2015

$ 80,000   

 

 

 

 

 

$ 80,000   

 

2016

$ 90,500   

 

 

 

 

 

$ 90,500   

Brian Mertz(4)

2016

$ 40,500   

 

$230,002

 

 

 

$ 270,502   

(1)Mr. Krarup was appointed as the Company’s Chief Business Development Officer on July 1, 2015 and served in such role until September 2017. 

(2)Mr. Moll served as the Company’s Chief Executive Officer from June 26, 2015 to July 6, 2016.  

(3)Mr. Bench has served as the Company’s Chief Financial Officer since November 30, 2008.  

(4)Mr. Mertz has served as the Company’s Chief Executive Officer since July 6, 2016 and served in such role until September 2017. 

Employment Contracts

The Company entered into a six-month employment agreement with Brian Mertz, effective July 1, 2016 to December 31, 2016.  The agreement called for the issuance of 41,667 shares of common stock per month (250,002 total), which were issued and fully expensed during 2016.

During November 2016, the Board of Directors approved stock payments of 6,000 shares of common stock to each of ten employees.  The shares were issued December 14, 2016.

During August 2016, the Company entered into an agreement with Peter Holvad, effective September 1, 2016 to February 17, 2017.  The agreement called for the issuance of 15,000 shares of common stock.  The shares were issued December 14, 2016, and the stock compensation is being recognized ratably over the contract period.

During November 2016, the Board of Directors approved a stock payment of 10,679 shares of common stock to Helle Wittrup based on a consulting agreement.

As of December 31 2016 and 2015, there were no outstanding options of the Company.

In October 2017, the Company entered into employment agreements with Mark Mersman and Scott Cox.  The agreements called for the initial issuance of 100,000 shares to each of them and up to an additional 3,367,085 shares and options total based upon the meeting of certain milestones.  The 100,000 shares to each of Mr. Mersman and Mr. Cox were issued on December 14, 2017.

Retirement or Similar Benefit Plans

There are no arrangements or plans in which we provide retirement or similar benefits for our directors or executive officers.


39


Resignation, Retirement, Other Termination, or Change in Control Arrangements

We have no contract, agreement, plan or arrangement, whether written or unwritten, that provides for payments to our directors or executive officers at, following, or in connection with the resignation, retirement or other termination of our directors or executive officers, or a change in control of our company or a change in our directors’ or executive officers’ responsibilities following a change in control.

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Other than as disclosed below, there has been no transaction, since January 1, 2017, or currently proposed transaction, in which our Company was or is to be a participant and the amount involved exceeds $5,000, being the lesser of $120,000 or one percent of our total assets at December 31, 2016, and in which any of the following persons had or will have a direct or indirect material interest:

(a)

any director or executive officer of our company;

(b)

any person who beneficially owns, directly or indirectly, more than 5% of any class of our voting securities;

(c)

any person who acquired control of our company when it was a shell company or any person that is part of a group, consisting of two or more persons that agreed to act together for the purpose of acquiring, holding, voting or disposing of our common stock, that acquired control of our company when it was a shell company; and

(d)

any member of the immediate family (including spouse, parents, children, siblings and in- laws) of any of the foregoing persons.

On May 18, 2017, the Company entered into an Equity Purchase Agreement dated May 9, 2017 (“First Purchase Agreement”) with Kodiak Capital Group, LLC (“Kodiak”), whereby Kodiak agreed to purchase up to 10,000,000 shares of its common stock, par value $0.0001 per share at a price of $0.10 per shares (the resulting in an aggregate gross proceeds to the Company of up to $1,000,000.  In addition, the Company extended a convertible promissory note in the amount of $50,000.  On September 29, 2017, this First Purchase Agreement was terminated and the Company issued to Kodiak 161,290 shares of its common stock in full settlement of those obligations.

On or about September 26, 2017, the Company entered into Subscription Agreements (“Subscription Agreements”) with Zat Invest, Hans Kjaer Holding and Brian Mertz for the purchase of 666,632 shares of restricted common stock at a per share price of $0.31 per share for a total consideration of US $201,280.  The purchase of the shares was consummated on or about October 5, 2017.


40


SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth the number of shares of our common stock beneficially owned by the following persons or groups as of December 28, 2017 (i) each person known by us to be the beneficial owner of more than 5% of our outstanding shares of common stock, (ii) each of our executive officers and directors and (iii) all of our executive officers and directors shouldas a group.  Beneficial ownership is determined in accordance with Rule 13d-3 under the Exchange Act. In determining the percentages, the following table assumes 3,709,200 shares of our common stock are issued and outstanding.

Name and Address

 

Amount and Nature ofBeneficial Ownership (1)

 

 

 

Percent of Class ofCommon Stock

 

Brian Mertz, Director

 

 

336,576

 

(2

)

 

9.07

%

626 East 1820 North

 

 

 

 

 

 

 

 

 

Orem, Utah 84097

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mark Mersman, Director & Chief Executive Officer

 

 

100,000

 

 

 

 

2.70

%

626 East 1820 North

 

 

 

 

 

 

 

 

 

Orem, Utah 84097

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Scott Cox, Director and President

 

 

100,000

 

 

 

 

2.70

%

626 East 1820 North

 

 

 

 

 

 

 

 

 

Orem, Utah 84097

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Robert Bench, Chief Executive Officer

 

 

983

 

 

(3)

 

0.03

%

626 East 1820 North

 

 

 

 

 

 

 

 

 

Orem, Utah 84097

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ben Esque, Director

 

 

0

 

 

 

 

0.00

%

626 East 1820 North

 

 

 

 

 

 

 

 

 

Orem, Utah 84097

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ole Sigetty, Director

 

 

19,676

 

 

(4) 

 

0.53

%

Frederiksgade 21

 

 

 

 

 

 

 

 

 

DK-1265 Copenhagen K

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MEMP ApS

 

 

1,233,499

 

 

 

 

33.26

%

626 East 1820 North

 

 

 

 

 

 

 

 

 

Orem, Utah 84097

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hans Kjaer Holdings

 

 

316,624

 

 

 

 

8.54

%

626 East 1820 North

 

 

 

 

 

 

 

 

 

Orem, Utah 84097

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Zat Invest ApS

 

 

268,800

 

 

 

 

7.25

%

626 East 1820 North

 

 

 

 

 

 

 

 

 

Orem, Utah 84097

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

All current executive officers and

 

 

 

 

 

 

 

 

 

directors as a group (4 persons)

 

 

657,235

 

 

 

 

17.72

%


41


(1)

Except as indicated below, each person has sole and voting and/or investment power over the shares listed, subject to applicable community property laws. There are no options granted or outstanding.

(2)

 Includes 9.365 shares owned by World Wide Investment Fund, 21,466 shares owned by Stratega ApS, and 5,500 shares owned by GrowthCom ApS which may be deemed to be beneficially owned by Mr. Mertz who is a control person in each company.

(3)

Includes 298 shares owned by Vector Capital, LLC, which may be deemed to be beneficially owned by Mr. Bench who is the managing member of Vector Capital LLC.

(4)

Includes 2,222, shares owned by FFP ApS, an entity controlled by Mr. Sigetty.

Changes in Control

We are unaware of any contract or other arrangement the operation of which may at a subsequent date result in a change in control of our company.

SELLING STOCKHOLDERS

This prospectus relates to the resale of up to 2,822,652 shares of our common stock by the Selling Stockholders and the possible resale by Kodiak, including 2,000,000 shares of common stock that may be actively involvedissued to Kodiak pursuant to the Purchase Agreement. We are filing the registration statement, of which this prospectus forms a part, pursuant to the provisions of the agreements executed in connection with Kodiak’s agreement to purchase the mattersshares.

Pursuant to the Registration Rights Agreement, which wouldwe entered into with Kodiak dated December 1, 2017 concurrently with our execution of the Purchase Agreement, we agreed to provide certain registration rights with respect to sales by Kodiak of the shares of our common stock that may be addressedissued to Kodiak under the Purchase Agreement.

Kodiak, may, from time to time, offer and sell pursuant to this prospectus any or all of the shares that we have sold or may sell to them. Kodiak may sell some, all or none of their shares. We do not know how long Kodiak will hold the shares before selling them, and we currently have no agreements, arrangements or understandings with Kodiak regarding the sale of any of the shares.

The following table presents information regarding the Selling Stockholders and Kodiak and the shares that they may offer and sell from time to time under this prospectus. The table is prepared based on information supplied to us by the Selling Stockholders and Kodiak, and reflects their holdings as of October 11, 2017. Except as described herein, neither none of the Selling Stockholders, Kodiak nor any of their respective affiliates has held a position or office, or had any other material relationship, with us or any of our predecessors or affiliates. References to any Selling Stockholders or Kodiak in this prospectus includes such persons and any of their respective donees, pledgees, transferees or other successors in interest selling shares received after the date of this prospectus from such persons as a committee. gift, pledge or other non-sale related transfer. Beneficial ownership is determined in accordance with Rule 13d-3(d) promulgated by the SEC under the Exchange Act. The percentage of shares beneficially owned prior to the offering is based on 3,709,200 shares of our common stock actually outstanding as of December 28, 2017.


42


Selling Stockholder Table

Name(1)

 

Securities Beneficially Owned Prior to Offering

 

Securities Being Offered

Securities Beneficially Owned After Offering (2)

 

 

% Beneficial Ownership After Offering(3)

Brian Mertz (4)(5)

 

8,333

 

 

8,333

0

 

0%

Mikael Nygaard (4)

 

200

 

 

200

0

 

0%

Glenn Vestergaard(4)

 

200

 

 

200

0

 

0%

Martin H. Clausen(4)

 

200

 

 

200

0

 

0%

Ole Dormann(4)

 

200

 

 

200

0

 

0%

Kenneth S. Jakobsen (4)

 

200

 

 

200

0

 

0%

Line D. Hansen(4)

 

200

 

 

200

0

 

0%

Peter Holvad(4)

 

200

 

 

200

0

 

0%

Rafal Jakubowski (4)

 

200

 

 

200

0

 

0%

Bernadino B. Coque (4)

 

200

 

 

200

0

 

0%

Stefan Dall (4)

 

200

 

 

200

0

 

0%

LF Investments ApS (6)

 

71,667

 

 

71,667

0

 

0%

Hans Kjaer Holding A/S (6)

 

47,824

 

 

47,824

0

 

0%

Mikkel Kessler (7)

 

9,669

 

 

9,669

0

 

0%

Mads Wissing(7)

 

9,669

 

 

9,669

0

 

0%

Chunmeilin Holdings (7)

 

4,834

 

 

4,834

0

 

0%

Jan Bech Andersen(7)(8)

 

24,172

 

 

24,172

0

 

0%

Bernardino B. Coque (9)

 

186

 

 

186

0

 

0%

Brent Ostergaard(9)

 

4,769

 

 

4,769

0

 

0%

LF Investments(9)

 

23,844

 

 

23,844

0

 

0%

Brian Mertz(4)(9)

 

2,384

 

 

2,384

0

 

0%

Memp ApS(9)

 

19,167

 

 

19,167

0

 

0%

Stig Jensen(9)

 

4,769

 

 

4,769

0

 

0%

Rune Egholm E426 ApS(9)

 

477

 

 

477

0

 

0%

Kaj Pedersen(9)

 

477

 

 

477

0

 

0%


43


Hugo Svaneeng Holding ApS (9)

 

4,769

 

 

4,769

0

 

0%

Buhlras ApS(9)

 

2,400

 

 

2,400

0

 

0%

Jan Bech (8)(9)

 

23,844

 

 

23,844

0

 

0%

Nicholas Almskov(9)

 

473

 

 

473

0

 

0%

Fre-Ka ApS(9)

 

2,867

 

 

2,867

0

 

0%

P.E. Holding Holbaek ApS(9)

 

4,667

 

 

4,667

0

 

0%

Mad Frederiksen (4)

 

1,087

 

 

1,087

0

 

0%

Morten Krarup (4)

 

725

 

 

725

0

 

0%

Morten Nedgaard Albaek (4)

 

725

 

 

725

0

 

0%

Ole Sigetty (4)

 

725

 

 

725

0

 

0%

Soren Jonassen (4)

 

725

 

 

725

0

 

0%

Nicolai Grue Nymark (4)

 

725

 

 

725

0

 

0%

Ole Sigetty (4)

 

2,138

 

 

2,138

0

 

0%

Soren Jonassen (4)

 

1,034

 

 

1,034

0

 

0%

Mads Frederiksen (4)

 

8,197

 

 

8,197

0

 

0%

Kodiak Capital Group, LLC (10)(14)(15)

 

161,290

 

 

161,290

0

 

0%

Mads Frederiksen (4)

 

8,197

 

 

8,197

0

 

0%

Voluntas Advisory (4)

 

12,295

 

 

12,295

0

 

0%

Anette Norgaard (4)

 

4,781

 

 

4,781

0

 

0%

Kristoffer Ewald (4)

 

4,781

 

 

4,781

0

 

0%

Allan J. Vestergaard (4)

 

24,590

 

 

24,590

0

 

0%

Jorgen Buhl Rasmussen (4)

 

8,197

 

 

8,197

0

 

0%

Ole Sigetty (4)

 

8,197

 

 

8,197

0

 

0%

Brian Palm Svaneeng Mertz (5)

 

154,161

 

 

154,161

0

 

0%

Voluntas Advisory (4)

 

29,500

 

 

29,500

0

 

0%

MEMP ApS (10)

 

1,214,333

 

 

1,214,333

0

 

0%

Jon Martin Tate (4)

 

32,258

 

 

32,258

0

 

0%

Brian Palm Svaneeng Mertz (11)

 

129,032

 

 

129,032

0

 

0%

Zat Invest (11)

 

268,800

 

 

268,800

0

 

0%

Hans Kjaer Holding (11)

 

268,800

 

 

268,800

0

 

0%

Jorn P. Jensen (10)

 

4,098

 

 

4,098

0

 

0%

Scott A Cox (4)(12)

 

100,000

 

 

100,000

0

 

0%

Mark Mersman (4)(13)

 

100,000

 

 

100,000

0

 

0%

Kodiak Capital Group, LLC (14)(15)

 

2,000,000

 

 

2,000,000

0

 

0%

(1)The address of the security holder is the Company’s address

(2)Assumes that all of the shares offered hereby are resold and that shares owned before the offering but not offered hereby are not sold

(3)Based on 3,709,200 shares of our common stock as of December 28, 2017.  Although we may at our discretion elect to sell and issue to Kodiak up to an aggregate amount of $2 million of our common stock under the Purchase Agreement, such shares are not included in determining the percentage of shares beneficially owned before this offering.

(4)Granted as compensation for services

(5)Former Chief Executive Officer

(6)Shares issued in private placement

(7)Shares issued pursuant to conversion of convertible debt on May 9, 2017

(8)Shares deemed beneficially owned by Morten Albaek, member of the Board of Directors

(9)Shares issued pursuant to private placement in December 2016

(10)Shares issued pursuant to conversion or settlement of debt obligations.

(11)Shares issued in private placement.

(12)Chief Executive Officer

(13)President

(14)Ryan Hodson exercises voting and dispositive power with respect to the shares of our common stock being offered under this prospectus by Kodiak.

(15)Assumes issuance of the maximum 2,000,000 shares being registered hereby.

PLAN OF DISTRIBUTION

We are registering the shares covered by this prospectus (“Registration Shares”) to permit the Selling Stockholders and Kodiak to conduct public secondary trading of these shares from time to time after the date of this prospectus. We will not receive any of the proceeds of the sale of the Registration Shares offered by this prospectus. The aggregate proceeds to the Selling Stockholders and Kodiak from the sale of the Registration Shares will be the purchase price of the shares less any discounts and commissions.

Kodiak is an “underwriter” within the meaning of the Securities Act. Kodiak and any of its respective pledgees, donees, assignees and successors-in-interest may, from time to time, sell any or all of their shares of common stock being offered under this prospectus on any stock exchange, market or trading facility on which shares of our common stock are traded or in private transactions. These sales may be at fixed or negotiated prices. The Selling Shareholders and Kodiak may use any one or more of the future, establish a Nominatingfollowing methods when disposing of shares:

ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;

block trades in which the broker-dealer will attempt to sell the shares as agent but may position and resell a portion of the block as principal to facilitate the transaction;

purchases by a broker-dealer as principal and resales by the broker-dealer for its account;

an exchange distribution in accordance with the rules of the applicable exchange;

privately negotiated transactions;


44


broker-dealers may agree with the Selling Stockholders or Kodiak to sell a specified number of such shares at a stipulated price per share;

a combination of any of these methods of sale; and

any other method permitted pursuant to applicable law.

The Selling Stockholders and Kodiak each have the sole and absolute discretion not to accept any purchase offer or Governance Committee. We believemake any sale of shares if such person deems the purchase price to be unsatisfactory at any particular time.

In connection with these sales, the each of the directors serving onSelling Stockholders and Kodiak may enter into hedging transactions with broker-dealers or other financial institutions that in turn may:

engage in short sales of shares of the common stock in the course of hedging their positions;

sell shares of the common stock short and deliver shares of the common stock to close out short positions;

loan or pledge shares of the common stock to broker-dealers or other financial institutions that in turn may sell shares of the common stock;

enter into option or other transactions with broker-dealers or other financial institutions that require the delivery to the broker-dealer or other financial institution of shares of the common stock, which the broker-dealer or other financial institution may resell under the prospectus; or

enter into transactions in which a broker-dealer makes purchases as a principal for resale for its own account or through other types of transactions.

Broker dealers engaged by any of Selling Stockholders or Kodiak may arrange for other brokers dealers to participate in sales. Broker dealers may receive commissions or discounts from the Selling Stockholders or Kodiak (or, if any broker dealer acts as agent for the purchaser of shares, from the purchaser) in amounts to be negotiated. We have been informed by the Selling Stockholders that they do not expect these commissions and discounts to exceed what is customary in the types of transactions involved. The Selling Stockholders or Kodiak may agree to indemnify any underwriter, broker-dealer or agent that participates in transactions involving sales of shares from certain liabilities, including liabilities arising under the Securities Act. We have agreed to register the shares for sale under the Securities Act and to indemnify Kodiak and each person who participates in an offering against certain civil liabilities, including certain liabilities under the Securities Act.

To our Audit Committeeknowledge, there are currently no plans, arrangements or understandings between any Selling Stockholder or Kodiak and any underwriter, broker-dealer or agent regarding the sale of the shares by the Selling Stockholders or Kodiak. Upon our notification by a Selling Stockholder or Kodiak that any material arrangement has been entered into with a broker-dealer for the sale of shares through a block trade, special offering, exchange distribution, secondary distribution or a purchase by an underwriter or broker-dealer, we will file a post-effective amendment to this registration statement, disclosing certain material information, including the number of shares being offered, the name or names of any underwriters, dealers or agents, the public offering price, any underwriting discounts and other items constituting compensation to underwriters, dealers or agents.

Kodiak is an independent director“underwriter,” and any broker-dealers or agents that are involved in selling the shares offered under this prospectus may be deemed to be “underwriters,” within the meaning of the Securities Act in connection with these sales. Commissions received by these broker-dealers or agents and any profit on the resale of the shares purchased by them may be deemed to be underwriting commissions or discounts under the Securities Act. Any broker-dealers or agents that are deemed to be underwriters may not sell shares offered under this prospectus unless


45


and until we set forth the names of the underwriters and the material details of their underwriting arrangements in a supplement to this prospectus or, if required, in a replacement prospectus included in a post-effective amendment to the registration statement of which this prospectus is a part.

The Selling Stockholders, Kodiak and any other persons participating in the sale or distribution of the shares offered under this prospectus will be subject to applicable provisions of the Exchange Act and the rules and regulations under that Act, including Regulation M. These provisions may restrict activities of, and limit the timing of purchases and sales of any of the shares by the Selling Stockholders, Kodiak or any other person. Furthermore, under Regulation M, persons engaged in a distribution of securities are prohibited from simultaneously engaging in market making and other activities with respect to those securities for a specified period of time prior to the commencement of such distributions, subject to specified exceptions or exemptions. All of these limitations may affect the marketability of the shares.

If any of the shares of common stock offered for sale pursuant to NASD Rule 4200(a) (15).

Audit Committee. Soren Jonassen and Mads Frederiksen servethis prospectus are transferred other than pursuant to a sale under this prospectus, then subsequent holders could not use this prospectus until a post-effective amendment or prospectus supplement is filed, naming such holders. We offer no assurance as membersto whether the Selling Stockholders or Kodiak will sell all or any portion of the Audit Committee,shares offered under this prospectus.

We have agreed to pay all fees and expenses we incur incident to the registration of the shares being offered under this prospectus. However, each selling security holder and purchaser are responsible for paying any discounts, commissions and similar selling expenses they incur.

We have agreed with Mr. Jonassen serving as Chairman. Our BoardKodiak to indemnify one another against certain losses, damages and liabilities arising in connection with this prospectus, including liabilities under the Securities Act. Under the securities laws of Directors has determinedcertain states, the shares of common stock may be sold in such states only through registered or licensed brokers or dealers. Kodiak is advised to ensure that Mr. Jonassen satisfiesany brokers, dealers or agents effecting transactions on behalf of Kodiak are registered to sell securities in all fifty states. In addition, in certain states the criteriashares of common stock may not be sold unless the shares have been registered or qualified for sale in such state or an audit committee financial expert underexemption from registration or qualification is available and is complied with.

We will pay all the expenses incident to the registration, offering and sale of the shares of common stock to the public hereunder other than commissions, fees and discounts of brokers, dealers and agents. We estimate that the expenses of the offering to be borne by us will be approximately $30,000. The estimated offering expenses consist of: an SEC registration fee of $776, accounting fees of $5,000, legal fees of $15,000 and miscellaneous expenses of $1,000. We will not receive any proceeds from the sale of any of the shares of common stock by Kodiak or the Selling Stockholders.

Since each of the Selling Stockholders may be deemed to be an “underwriter” within the meaning of the Securities Act, each Selling Stockholder will be subject to the prospectus delivery requirements of the Securities Act including Rule 401(e)172 thereunder. There is no underwriter or single coordinating broker acting in connection with the proposed sale of Regulation S-B promulgatedthe Resale Shares by the SEC. Each memberSelling Stockholders.

We agreed to keep this prospectus and the registration statement which this prospectus forms a part effective until the earlier to occur of our Audit Committee(i) such time as Rule 144 or another similar exemption under the Securities Act is ableavailable for the sale of all the Resale Shares, to read and understand fundamental financial statements, including our consolidated balance sheets, statementsthe extent the Selling Stockholders have distributed the Resale Shares to its respective shareholders, by its respective shareholders, without volume or manner of operations and statements of cash flows. The functionssale restrictions during a six month period without registration (ii) all of the Audit Committee are primarily to: (a) facilitateResale Shares have been sold pursuant to this prospectus or Rule 144 under the integritySecurities Act or any other rule of our financial statementssimilar effect. The Resale Shares will be sold only through registered or licensed brokers or dealers if required under applicable state securities laws. In addition, in certain states, the Resale Shares may not be sold unless they have been registered or qualified for sale in the applicable state or an exemption from the registration or qualification requirement is available and internal controls, (b) oversee our complianceis complied with.

Under applicable rules and regulations under the Exchange Act, any person engaged in the distribution of the Resale Shares may not simultaneously engage in market making activities with legalrespect to the common stock for the applicable restricted period, as defined in Regulation M, prior to the commencement of the distribution. In addition, the Selling Stockholders will be subject to applicable provisions of the Exchange Act and regulatory requirements relatedthe rules and regulations


46


thereunder, including Regulation M, which may limit the timing of purchases and sales of shares of the Common Stock by any person. We will make copies of this prospectus available to accounting and/or financial controls, (c) evaluate our independent registered public accounting firm's qualificationsthe Selling Stockholders and independence, (d) overseehave informed the performanceSelling Stockholders of any internal audit function that we may adopt and oversee our independent registered public accounting firm, and (e) review our systems of disclosure controls and procedures, internal controls over financial reporting, and compliance with ethical standards relatedthe need to accounting and/or financial controls we have adopted. Our Board of Directors has adopted a written charter for our Audit Committee,deliver a copy of whichthis prospectus to each purchaser at or prior to the time of the sale (including by compliance with Rule 172 under the Securities Act).

The Securities Enforcement and Penny Stock Reform Act of 1990 requires additional disclosure relating to the market for penny stocks in connection with trades in any stock defined as a penny stock. The Commission has adopted regulations that generally define a penny stock to be any equity security that has a market price of less than $5 per share, subject to certain exceptions. Such exceptions include any equity security listed on NASDAQ and any equity security issued by an issuer that has (i) net tangible assets of at least $2,000,000, if such issuer has been in continuous operation for three years, (ii) net tangible assets of at least $5,000,000, if such issuer has been in continuous operation for less than three years, or (iii) average annual revenue of at least $6,000,000, if such issuer has been in continuous operation for less than three years. Unless an exception is available, the regulations require the delivery, prior to any transaction involving a penny stock, of a disclosure schedule explaining the penny stock market and the risks associated therewith.

Blue Sky Restrictions on Resale

If Kodiak or any Selling Stockholders wants to sell shares of our common stock under this registration statement in the Company's website, www.nabufitglobal.com. ExceptUnited States, such person will also need to comply with state securities laws, also known as otherwise required“Blue Sky laws,” with regard to secondary sales. All states offer a variety of exemption from registration for secondary sales. Many states, for example, have an exemption for secondary trading of securities registered under Section 12(g) of the Exchange Act or for securities of issuers that publish continuous disclosure of financial and non-financial information in a recognized securities manual, such as Standard & Poor’s.

Any person who purchases shares of our common stock from Kodiak or a Selling Stockholder under this registration statement who then wants to sell such shares will also have to comply with Blue Sky laws regarding secondary sales.

When the registration statement becomes effective, and Kodiak indicates in which state(s) they desire to sell their shares, we will be able to identify whether it will need to register or will rely on an exemption therefrom.

DESCRIPTION OF CAPITAL STOCK

We have authorized capital stock consisting of 100,000,000 shares of common stock and 400,000 shares of preferred stock. As of the date of this Report, we had 3,709,200 shares of common stock issued and outstanding, and no shares of preferred stock issued and outstanding held by applicable laws, regulationsapproximately 395 shareholders of record.

Common Stock

The holders of outstanding shares of common stock are entitled to receive dividends out of assets or listing standardsfunds legally available for the payment of dividends of such times and in such amounts as the board from time to time may determine. Holders of common stock are entitled to one vote for each share held on all matters submitted to a vote of stockholders. There is no cumulative voting of the election of directors then standing for election. The common stock is not entitled to pre-emptive rights and is not subject to conversion or redemption. Upon liquidation, dissolution or winding up of our Audit Committee Charter, major decisions regarding our activitiescompany, the assets legally available for distribution to stockholders are distributable ratably among the holders of the common stock after payment of liquidation preferences, if any, on any outstanding payment of other claims of creditors. Each outstanding share of common stock is duly and operations are consideredvalidly issued, fully paid and non-assessable.

Preferred Stock

Shares of preferred stock may be issued from time to time in one or more series, each of which will have such distinctive designation or title as shall be determined by our Board of Directors prior to the issuance of any shares thereof. Preferred stock will have such voting powers, full or limited, or no voting powers, and such preferences and relative, participating, optional or other special rights and such qualifications, limitations or restrictions thereof, as


47


shall be stated in such resolution or resolutions providing for the issue of such class or series of preferred stock as a whole.

64

Compensation Committee. Mads Frederiksen and Morten Albæk serve as members of the Compensation Committee of our Board of Directors, with Søren Jonassen serving as Chairman. The functions of our Compensation Committee are primarily to: (a)may be adopted from time to oversee the responsibilities of the Board relating to compensation, and (b) to ensure that our compensation plans, programs and values transferred through cash pay, stock and stock-based awards, whether immediate, deferred, or contingent are fair and appropriate to attract, retain and motivate management and are reasonable in view of company economics and of the relevant practices of other, similar companies. Our Board of Directors has adopted a written charter for our Compensation Committee, a copy of which is available on the Company's website, www.nabufitglobal.com.
Director Nominations. Our Board of Directors will consider recommendations for director nomineestime by shareholders if the names of those nominees and relevant biographical information are submitted in writing to our Corporate Secretary in the manner described for shareholder nominations below under the heading "Proposals of Shareholders." All director nominations, whether submitted by a shareholder or the Board of Directors willprior to the issuance of any shares thereof. The number of authorized shares of preferred stock may be evaluatedincreased or decreased (but not below the number of shares thereof then outstanding) by the affirmative vote of the holders of a majority of the voting power of all the then outstanding shares of our capital stock entitled to vote generally in the same manner.
Codeelection of Business Conductthe directors, voting together as a single class, without a separate vote of the holders of the preferred stock, or any series thereof, unless a vote of any such holders is required pursuant to any preferred stock designation.

While we do not currently have any plans for the issuance of preferred stock, the issuance of such preferred stock could adversely affect the rights of the holders of common stock and, Ethics

therefore, reduce the value of the common stock. It is not possible to state the actual effect of the issuance of any shares of preferred stock on the rights of holders of the common stock until the Board of Directors determines the specific rights of the holders of the preferred stock; however, these effects may include:

Restricting dividends on the common stock; 

Diluting the voting power of the common stock; 

Impairing the liquidation rights of the common stock; or 

Delaying or preventing a change in control of the Company without further action by the stockholders. 

Other than in connection with shares of preferred stock (as explained above), which preferred stock is not currently designated nor contemplated by us, we do not believe that any provision of our amended and restated charter or bylaws would delay, defer or prevent a change in control.

Warrants and Options

As of September 30, 2017 the Company had no outstanding warrants or options.  

Governing Documents that May Have an Antitakeover Effect

Certain provisions of our Amended and Restated Certificate of Incorporation, as amended, and our Bylaws (as amended, the “Bylaws”), which are discussed below could discourage or make it more difficult to accomplish a proxy contest, change in our management or the acquisition of control by a holder of a substantial amount of our voting stock.

Our Certificate of Incorporation provides that our Board has the authority to issue preferred stock in one or more classes or series and fix such designations, powers, preferences and rights and the qualifications thereof without further vote by our stockholders. The issuance of preferred stock may have the effect of delaying, deferring or preventing a change in control of the Company without further action by the stockholders and may adversely affect the voting and other rights of the holders of our Common Stock.

Our Bylaws limit the ability to call special meetings of the stockholders to the Chairman of the Board, or the Chief Executive Officer, or, if there is no Chairman or Chief Executive Officer, then by the President. The stockholders have no right to request or call a special meeting; however, any action of stockholders required to be taken at any annual or special meeting, may be taken without a meeting, and without prior notice, provide that the written consent is signed by the holders of majority of the total voting power of outstanding shares of stock of the Company entitled to vote.

Our Bylaws provide that the removal of a director from the Board, with cause, must be by affirmative vote of not less than a majority of the voting power of our issued and outstanding stock entitled to vote generally in the election of directors (voting as a single class), excluding stock entitled to vote only upon the happening of a fact or event unless such fact or event shall have occurred, is required to remove a director from the Board with or without cause.

Transfer Agent and Registrar

The transfer agent and registrar for the common stock is Action Stock Transfer, 2469 E. Fort Union Blvd, Suite 214, Salt Lake City, UT 84121.Registration Rights


48


Registration Rights

In connection with the Purchase Agreement with Kodiak, we are required to file with the SEC this registration statement on Form S-1 registering the shares of our common stock issuable to Kodiak. We have adopted a codeagreed to use reasonable best efforts to maintain the effectiveness of business conduct and ethics that applies tothe registration statement, of which this prospectus is part, until the earlier of (i) the date as of which Kodiak may sell all of our employees, officers and directors, including those officers responsible for financial reporting. The code of business conduct and ethics is available on our website at www.nabufitglobal.com. We expectcommon stock that any amendmentsit owns pursuant to the code, or any waiversPurchase Agreement without restriction pursuant to Rule 144 of its requirements,the 1933 Act; and (ii) the date on which Kodiak shall have sold the maximum amount of our common stock issuable to Kodiak under the Purchase Agreement. We cannot assure you that we will be disclosedable to keep this registration statement continuously effective for the required period.

Market Information

Our common stock price is quoted on our website. The reference to our web address does not constitute incorporation by reference of the information contained at or available through our website.

 Limitation on Liability and Indemnification Matters
OTCQB market under the symbol “NBGV.”

DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION FOR SECURITIES ACT LIABILITIES

Our certificate of incorporation contains provisions that limit the liability of our directors for monetary damages to the fullest extent permitted by Delaware law. Consequently, our directors will not be personally liable to us or our stockholders for monetary damages for any breach of fiduciary duties as directors, except liability for:

any breach of the director's duty of loyalty to us or our stockholders;
any act or omission not in good faith or that involves intentional misconduct or a knowing violation of law;
unlawful payments of dividends or unlawful stock repurchases or redemptions as provided in Section 174 of the Delaware General Corporation Law; or
any transaction from which the director derived an improper personal benefit.

any breach of the director’s duty of loyalty to us or our stockholders;

any act or omission not in good faith or that involves intentional misconduct or a knowing violation of law;

unlawful payments of dividends or unlawful stock repurchases or redemptions as provided in Section 174 of the Delaware General Corporation Law; or

any transaction from which the director derived an improper personal benefit.

Our certificate of incorporation and bylaws provide that we are required to indemnify our directors and officers, in each case to the fullest extent permitted by Delaware law. Our bylaws also provide that we are obligated to advance expenses incurred by a director or officer in advance of the final disposition of any action or proceeding, and permit us to secure insurance on behalf of any officer, director, employee or other agent for any liability arising out of his, her or its actions in that capacity regardless of whether we would otherwise be permitted to indemnify him, her or it under Delaware law.

In addition to the indemnification required in our certificate of incorporation and bylaws, we have entered or intend to enter into indemnification agreements with each of our directors, officers and certain other employees prior to the consummation of the Share Exchange. These agreements will provide for the indemnification of our directors, officers and certain other employees for all reasonable expenses and liabilities incurred in connection with any action or proceeding brought against them by reason of the fact that they are or were our agents. We believe that these provisions in our certificate of incorporation, bylaws and indemnification agreements are necessary to attract and retain qualified persons as directors and officers. This description of the limitation of liability and indemnification provisions of our certificate of incorporation, of our bylaws and of our indemnification agreements is qualified in its entirety by reference to these documents, each of which is attached as an exhibit to this Report.

65

The limitation of liability and indemnification provisions in our certificate of incorporation and may discourage stockholders from bringing a lawsuit against directors for breach of their fiduciary duties. They may also reduce the likelihood of derivative litigation against directors and officers, even though an action, if successful, might benefit


49


us and our stockholders. A stockholder'sstockholder’s investment may be harmed to the extent we pay the costs of settlement and damage awards against directors and officers pursuant to these indemnification provisions. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers and controlling persons pursuant to the foregoing provisions, or otherwise, we have been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. There is no pending litigation or proceeding naming any of our directors, officers or employees as to which indemnification is being sought, nor are we aware of any pending or threatened litigation that may result in claims for indemnification by any director, officer or employee.

Compensation of Directors
Compensation for the Company's directors includes cash and non-cash components.  

LEGAL MATTERS

The cash component is based on attendance at Board of Directors meetings in accordance with the following table:

 QuarterlyFace to Face Mtg.Telephonic Mtg.
Board Chairman$4,000$1,500$750
Board Member$3,000$1,000$500
Committee Chair $500$250
Committee Member $400$200
In addition, non-management membersvalidity of the Board of Directors may receive stock option grants from time to time with the minimum set forth in the following table:
Upon Election (1)Annual Refresh (2)
Board Chairman40,000 options7,000 options
Board Member30,000 options6,000 options
(1)
One time grant at time of election or reappointment to the board. Options to be priced at the 5-day volume weighted average price ("VWAP") prior to the date of election.
(2)Shares to be granted each year when the board member is re-elected at the Company's annual shareholder meeting. Options will be priced at the 5-day VWAP prior to the date of shareholder meeting.
66


Director Compensation Table
The following table sets forth information for the period from June 26, 2015 (date of inception) through December 31, 2015, regarding the compensation awarded to, earned by or paid to NABUfit Denmark's non-employee directors as if NABUfit Denmark had been a reporting company on December 31, 2015.  The table also includes compensation awarded to Company directors Soren Jonassen, Ole Sigetty and Brian Palm Svaneeng Mertz, during that same period.  Following the closing of the Share Exchange, Mr. Sigetty and Mr. Jonassen continued to serve as non-employee members of the Board of Directors.
 
Name
 
 
Fees Earned
or Paid in
Cash($)
  
Option
Awards
($)(1)
  
Stock
Awards
($)
  Total($) 
Mads H. Frederiksen $   $   $   $  
Morten Krarup                
Morton Albaek                
Soren Jonassen (2)          67,500   67,500 
Ole Sigetty (2)          67,500   67,500 
Brian Palm Svaneeng Mertz (2)(3)          67,500   67,500 
(1)
(2)
(3)
Any amounts reported in the Option Awards column represent the grant date fair values of stock options granted during the period from June 26, 2015 (date of inception) through December 31, 2015 as calculated in accordance with ASC Topic 718, excluding the impact of estimated forfeitures related to service-based vesting provisions.
In October 2015 Director Soren Jonassen and former Directors Ole Sigetty and Brian Palm Svaneeng Mertz each received $67,500 in compensation, which amount was paid in the form of 30,000 shares of common stock granted to each director.
Mr. Mertz resigned as a member of Board of Directors on November, 30, 2015, in connection with the closing of the Share Exchange.

In connection with their service as directors of the Company prior to the Share Exchange, directors Soren Jonassen, Ole Sigetty and Brian P.S. Mertz were each issued 66,667 shares of common stock in lieu of $50,000 compensation during the fiscal year ended June 30, 2015 (prior fiscal year end).  In addition, in September 2015, the Board of Directors approved the payment of $67,500 to each of Jonassen, Sigetty and Mertz for their service as directors and officers for the current year, which amounts were paid in the form of 30,000 shares of common stock in the Company which were recorded for book purposes at the market price at the time of the award of $4.00 per share for total compensation of $360,000.  No other fees were paid to directors for the period beginning June 26, 2015 (date of inception) through December 31, 2015.  Notwithstanding the Company's compensation plan set forth above, the Company has not paid the suggested stock grants and no other stock grants, options or fees were paid to any Company Director during the years ended December 31, 2015 and 2014 except as set forth in this paragraph.

Involvement in Certain Legal Proceedings
None of our directors or executive officersbeing offered hereby has been involved in any of the following events during the past 10 years:
any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time;
any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offences);
67

being subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his or her involvement in any type of business, securities or banking activities; or
being found by a court of competent jurisdiction (in a civil action), the Commission or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated.
68


EXECUTIVE COMPENSATION

In connection with the Share Exchange, each of the named executve officers continued to be employed with the Company under the same terms as found in their respective employment agreements or offer letters, as applicable, with NABUfit Denmark.  The following table sets forth information concerning all cash and non-cash compensation awarded to, earned by or paid to the named person for services rendered in all capacities during the period from inception (June 26, 2015) through December 31, 2015.  No other executive officers received total annual compensation in excess of $100,000.
PersonYear Salary ($) Bonus ($)Stock Awards ($)Option Awards ($)Non-equity Incentive Comp ($)
 
All Other Comp.
($)
 Total ($) 
Ulrik Moll (1)
2015 $46,716           $46,716 
Robert K. Bench (2)
2015 $80,000           $80,000 
Brian Mertz (3)  
2015          $67,500  67,500 
               
(1)Mr. Moll served as the Company's Chief Executive Officer from June 26, 2015 through July 6, 2016 .
(2)Mr. Bench has served as the Company's Chief Financial Officer since November 30, 2008.
(3)Mr. Mertz was appointed as the Company's Chief Executive Officer on July 6, 2016.

Outstanding Equity Awards at December 31, 2015
There were no outstanding equity awards held by any of the executive officers at December 31, 2015.

Termination of the 2008 Stock Incentive Plan

In connection with consummation of the Share Exchange, the Company terminated the 2008 Stock Incentive Plan ("2008 Plan") put in placepassed upon by the Company prior to the Share Exchange and plans to adopt a new Stock Incentive Plan in the near future.  Under the 2008, the Company had available the following typeslaw firm of awards are available under the Stock Incentive Plan: (i) stock options; (ii) stock appreciation rights; (iii) restricted stock; (iv) restricted stock units; and (v) performance awards.  As of the date of this filing, no options or other awards are outstanding and therefore no such awards will be assumed in connection with the Share Exchange and no awards are required to be cancelled

69


DESCRIPTION OF INDEBTEDNESS
Summarized below are the principal terms of the agreements that govern our indebtedness and is subject to, and is qualified in its entirety by, such agreements, which are filed as exhibits to the registration statement to which this prospectus forms a part.
On September 15, 2015, the Company entered into a 600,000 DKK (approximately $90,000) line-of-credit agreement with Jyske Bank.  The agreement bears interest at a variable rate of 6.021%, which is renegotiated annually on June 1.  The line of credit is unsecured.  Default interest rate of 19% goes into effect from the first late payment and is calculated on the balance of the outstanding debt.  During the period ended December 31, 2015, the Company utilized the full credit line but then paid it down to zero on October 12, 2015.  The Company paid $650 in interest during the period ended December 31, 2015.
DESCRIPTION OF SECURITIES
We have authorized capital stock consisting of 100,000,000 shares of common stock and 400,000 shares of preferred stock. As of the date of this Report, we had 19,437,236 shares of common stock issued and outstanding, and no shares of preferred stock issued and outstanding held by approximately 330 shareholders.
Common Stock
The holders of outstanding shares of common stock are entitled to receive dividends out of assets or funds legally available for the payment of dividends of such times and in such amounts as the board from time to time may determine. Holders of common stock are entitled to one vote for each share held on all matters submitted to a vote of stockholders. There is no cumulative voting of the election of directors then standing for election. The common stock is not entitled to pre-emptive rights and is not subject to conversion or redemption. Upon liquidation, dissolution or winding up of our company, the assets legally available for distribution to stockholders are distributable ratably among the holders of the common stock after payment of liquidation preferences, if any, on any outstanding payment of other claims of creditors. Each outstanding share of common stock is duly and validly issued, fully paid and non-assessable.
Preferred Stock
Shares of preferred stock may be issued from time to time in one or more series, each of which will have such distinctive designation or title as shall be determined by our Board of Directors prior to the issuance of any shares thereof. Preferred stock will have such voting powers, full or limited, or no voting powers, and such preferences and relative, participating, optional or other special rights and such qualifications, limitations or restrictions thereof, as shall be stated in such resolution or resolutions providing for the issue of such class or series of preferred stock as may be adopted from time to time by the Board of Directors prior to the issuance of any shares thereof. The number of authorized shares of preferred stock may be increased or decreased (but not below the number of shares thereof then outstanding) by the affirmative vote of the holders of a majority of the voting power of all the then outstanding shares of our capital stock entitled to vote generally in the election of the directors, voting together as a single class, without a separate vote of the holders of the preferred stock, or any series thereof, unless a vote of any such holders is required pursuant to any preferred stock designation.
While we do not currently have any plans for the issuance of preferred stock, the issuance of such preferred stock could adversely affect the rights of the holders of common stock and, therefore, reduce the value of the common stock. It is not possible to state the actual effect of the issuance of any shares of preferred stock on the rights of holders of the common stock until the Board of Directors determines the specific rights of the holders of the preferred stock; however, these effects may include:
Restricting dividends on the common stock;
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Diluting the voting power of the common stock;
Impairing the liquidation rights of the common stock; or
Delaying or preventing a change in control of the Company without further action by the stockholders.

Other than in connection with shares of preferred stock (as explained above), which preferred stock is not currently designated nor contemplated by us, we do not believe that any provision of our amended and restated charter or bylaws would delay, defer or prevent a change in control.
Warrants and Options
As of the date hereof, the Company has no issued or outstanding warrants options or other outstanding convertible securities.

Anti-Takeover Effects of Provisions of our Certificate of Incorporation, our Bylaws and Delaware Law
Some provisions of Delaware law, our certificate of incorporation and our bylaws that will be in effect immediately prior to the consummation of the Share Exchange contain provisions that could make the following transactions more difficult: acquisition of us by means of a tender offer; acquisition of us by means of a proxy contest or otherwise; or removal of our incumbent officers and directors. It is possible that these provisions could make it more difficult to accomplish or could deter transactions that stockholders may otherwise consider to be in their best interest or in our best interests, including transactions that might result in a premium over the price of our Common Stock.
These provisions, summarized below, are expected to discourage coercive takeover practices and inadequate takeover bids. These provisions are also designed to encourage persons seeking to acquire control of us to first negotiate with our board of directors. We believe that the benefits of increased protection of our potential ability to negotiate with the proponent of an unfriendly or unsolicited proposal to acquire or restructure us outweigh the disadvantages of discouraging these proposals because negotiation of these proposals could result in an improvement of their terms.
Delaware Anti-Takeover Statute
We are subject to Section 203 of the Delaware General Corporation Law, which prohibits a person deemed an "interested stockholder" from engaging in a "business combination" with a publicly held Delaware corporation for three years following the date such person becomes an interested stockholder unless the business combination is, or the transaction in which the person became an interested stockholder was, approved in a prescribed manner or another prescribed exception applies. Generally, an "interested stockholder" is a person who, together with affiliates and associates, owns, or within three years prior to the determination of interested stockholder status did own, 15% or more of a corporation's voting stock. Generally, a "business combination" includes a merger, asset or stock sale, or other transaction resulting in a financial benefit to the interested stockholder. The existence of this provision may have an anti-takeover effect with respect to transactions not approved in advance by the board of directors, such as discouraging takeover attempts that might result in a premium over the price of our common stock.
Undesignated Preferred Stock
The ability to authorize undesignated preferred stock makes it possible for our board of directors to issue preferred stock with voting or other rights or preferences that could impede the success of any attempt to change control of the company. These and other provisions may have the effect of deterring hostile takeovers or delaying changes in control or management of the company.
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Special Stockholder Meetings
Our bylaws provide that a special meeting of stockholders may be called only by our Board of Directors, our Chairman of the Board of Directors, Chief Executive Officer, or in the absence of a Chief Executive Officer, the President.
Requirements for Advance Notification of Stockholder Nominations and Proposals
Our bylaws establish advance notice procedures with respect to stockholder proposals and the nomination of candidates for election as directors, other than nominations made by or at the direction of the board of directors or a committee of the board of directors.

Limitations of Liability and Indemnification Matters
For a discussion of liability and indemnification, please see the section titled "Directors, Executive Officers, Promoters and Control Persons—Limitation on Liability and Indemnification Matters."
Transfer Agent and Registrar
The transfer agent and registrar for the common stock is Action Stock Transfer, 2469 E. Fort Union Blvd, Suite 214,Carman Lehnhof Israelsen, LLP, Salt Lake City, UT 84121.
DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION FOR SECURITIES ACT LIABILITIES
Section 145 of the DGCL provides that a corporation may indemnify directors and officers as well as other employees and individuals against expenses including attorneys' fees, judgments, fines and amounts paid in settlement in connection with various actions, suits or proceedings, whether civil, criminal, administrative or investigative other than an action by or in the right of the corporation (a derivative action), if they acted in good faith and in a manner they reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, if they had no reasonable cause to believe their conduct was unlawful. A similar standard is applicable in the case of derivative actions, except that indemnification only extends to expenses including attorneys' fees incurred in connection with the defense or settlement of such actions, and the statute requires court approval before there can be any indemnification where the person seeking indemnification has been found liable to the corporation. The statute provides that it is not exclusive of other indemnification that may be granted by a corporation's certificate of incorporation, bylaws, agreement, a vote of stockholders or disinterested directors or otherwise.
NABUfit Global's Certificate of Incorporation provides that it will indemnify and hold harmless, to the fullest extent permitted by Section 145 of the DGCL, as amended from time to time, each person that such section grants us the power to indemnify.
The DGCL permits a corporation to provide in its certificate of incorporation that a director of the corporation shall not be personally liable to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, except for liability for:
·any breach of the director's duty of loyalty to the corporation or its stockholders;

·acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law;

·payments of unlawful dividends or unlawful stock repurchases or redemptions; or

·any transaction from which the director derived an improper personal benefit.
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NABUfit Global's Certificate of Incorporation provides that, to the fullest extent permitted by applicable law, none of our directors will be personally liable to us, or our stockholders, for monetary damages for breach of fiduciary duty as a director. Any repeal or modification of this provision will be prospective only and will not adversely affect any limitation, right or protection of a director of our company existing at the time of such repeal or modification.
Delaware law and NABUfit Global's Certificate of Incorporation and Bylaws may permit indemnification for liabilities under the Securities Act or the Securities Exchange Act of 1934, as amended ("Exchange Act"). Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling NABUfit Global pursuant to the foregoing provisions, NABUfit Global has been informed that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.
MARKET FOR OUR COMMON STOCK
Our shares are currently traded on the OTC Markets ("OTCQB") under the symbol "NBFT."  The following table presents the high and low bid prices for the fiscal years ended December 31, 2015 and 2014.    These quotations reflect inter-dealer prices without retail mark-up, mark-down, or commissions and may not necessarily represent actual transactions.

Fiscal year ended December 31, 2015 High  Low 
       
     Fourth quarter $4.00  $2.50 
     Third quarter $4.75  $2.50 
     Second quarter $4.75  $3.50 
     First quarter $7.00  $1.75 
         
Fiscal year ended December 31, 2014 High  Low 
         
     Fourth quarter $3.60  $1.75 
     Third quarter $3.35  $2.40 
     Second quarter $6.00  $2.40 
     First quarter $13.20  $3.00 

Our common stock is quoted on the OTC Markets (OTCQB) under the symbol "NBFT".  
However, there has been very limited trading to date, and an active trading market may never develop.
As of the date of this Report, we have 19,437,236 shares of common stock outstanding held by approximately 330 stockholders of record.
Dividend Policy
We have never paid any cash dividends on our capital stock and do not anticipate paying any cash dividends on our Common Stock in the foreseeable future. We intend to retain future earnings to fund ongoing operations and future capital requirements. Any future determination to pay cash dividends will be at the discretion of our Board of Directors and will be dependent upon financial condition, results of operations, capital requirements and such other factors as the Board of Directors deems relevant.
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Shares Eligible for Future Sale
Prior to the Share Exchange, there has been a limited public market for our Common Stock. Future sales of our common stock in the public market after the Share Exchange, or the perception that those sales may occur, could cause the prevailing price for our common stock to fall or impair our ability to raise equity capital in the future. As described below, only a limited number of shares of our common stock will be available for sale in the public market for a period of several months after consummation of the Share Exchange due to contractual and legal restrictions on resale described below. Future sales of our common stock in the public market either before (to the extent permitted) or after restrictions lapse, or the perception that those sales may occur, could adversely affect the prevailing price of our common stock at such time and our ability to raise equity capital at a time and price we deem appropriate.
All of the shares of common stock sold in this offering will be freely tradable, except that any shares purchased by our affiliates following this offering, as that term is defined in Rule 144 under the Securities Act, would only be able to be sold in compliance with the Rule 144 limitations described below.
In addition, as set forth in the Resale Prospectus, 19,437,236 shares registered pursuant to that prospectus will also be freely tradeable, subject only to certain lock-up agreements and restrictions set forth below.

Any remaining outstanding shares of our common stock will be deemed "restricted securities" as defined in Rule 144 under the Securities Act. Restricted securities may be sold in the public market only if they are registered under the Securities Act or if they qualify for an exemption from registration under Rule 144 promulgated under the Securities Act, which rule is summarized below.

Lock-up Agreements
Pursuant to that certain Lock-Up Agreement dated October 2015, holders of 13,508,870 of our common stock have agreed, subject to certain exceptions, not to dispose of or hedge any shares of common stock or securities convertible into or exchangeable for shares of common stock during the period from the date of the lock-up agreement continuing through the date 12 months after the date of the Share Exchange, except with the prior written consent of the Board of Directors.
Following the lock-up periods set forth in Lock-Up Agreement described above, and assuming that no parties are released from these agreements and that there is no extension of the lock-up period, those shares of common stock that are subject to the lock-up, will be eligible for registration pursuant to the Resell Prospectus. 
Rule 144
Pursuant to Rule 144 promulgated under the Securities Act, sales of the securities of a former shell company, such as us, under that rule are not permitted (i) until at least 12 months have elapsed from the date on which this Report, reflecting our status as a non-shell company, is filed with the SEC and (ii) unless at the time of a proposed sale, we are subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act and have filed all reports and other materials required to be filed by Section 13 or 15(d) of the Exchange Act, as applicable, during the preceding 12 months, other than Form 8-K reports. We intend to register such shares for sale under the Securities Act pursuant to the Resell Prospectus.  Unless we register such shares for sale under the Securities Act, most of our stockholders will be forced to hold their shares of our common stock for at least that 12-month period before they are eligible to sell those shares, and even after that 12-month period, sales may not be made under Rule 144 unless we and the selling stockholders are in compliance with other requirements of Rule 144.
In general, Rule 144 provides that (i) any of our non-affiliates that has held restricted common stock for at least 12 months is thereafter entitled to sell its restricted stock freely and without restriction, provided that we remain compliant and current with our SEC reporting obligations, and (ii) any of our affiliates, which includes our directors, executive officers and other person in control of us, that has held restricted common stock for at least 12 months is thereafter entitled to sell its restricted stock subject to the following restrictions: (a) we are compliant and current with our SEC reporting obligations, (b) certain manner of sale provisions are satisfied, (c) a Form 144 is filed with the SEC, and (d) certain volume limitations are satisfied, which limit the sale of shares within any three-month period to a number of shares that does not exceed the greater of 1% of the total number of outstanding shares. A person who has ceased to be an affiliate at least six months immediately preceding the sale and who has owned such shares of common stock for at least one year is entitled to sell the shares under Rule 144 without regard to any of the limitations described above.
Regulation S
Regulation S under the Securities Act provides that shares owned by any person may be sold without registration in the U.S., provided that the sale is effected in an offshore transaction and no directed selling efforts are made in the U.S. (as these terms are defined in Regulation S), subject to certain other conditions. In general, this means that our shares of common stock may be sold in some other manner outside the U.S. without requiring registration in the U.S.
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MATERIAL U.S. FEDERAL TAX CONSEQUENCES TO NON-U.S. HOLDERS
OF OUR COMMON STOCK
The following summary describes the material U.S. federal income tax considerations of the acquisition, ownership, and disposition of our common stock by "non-U.S. holders" (as described below under the section titled "—Non-U.S. Holder Defined"). This summary does not address all aspects of U.S. federal income tax considerations relating thereto. This summary also does not address the tax considerations arising under the laws of any non-U.S., state, or local jurisdiction, or under U.S. federal gift and estate tax laws, except to the limited extent provided below.
Special rules different from those described below may apply to certain non-U.S. holders that are subject to special treatment under the Code including, without limitation:
banks, insurance companies, or other financial institutions;
corporations that accumulate earnings to avoid U.S. federal income tax;
persons subject to the alternative minimum tax or Medicare contribution tax;
tax-exempt entities (including private foundations) or tax-qualified retirement plans;
controlled foreign corporations or passive foreign investment companies;
persons who acquired our common stock as compensation for services;
dealers in securities or currencies;
���traders in securities that elect to use a mark-to-market method of accounting for their securities holdings;
persons that own, or are deemed to own, more than 5% of our capital stock (except to the extent specifically set forth below);
U.S. expatriates, certain former citizens, or long-term residents of the United States;
persons who hold our common stock as a position in a hedging transaction, "straddle," "conversion transaction," or other risk reduction transaction;
persons who do not hold our common stock as a capital asset within the meaning of Section 1221 of the Code (generally, for investment purposes); or
persons deemed to sell our common stock under the constructive sale provisions of the Code.
In addition, if a partnership or an entity or an arrangement classified as a partnership or other pass-through entity for U.S. federal income tax purposes is a beneficial owner of our common stock, the tax treatment of a partner in the partnership or an owner of the entity will depend upon the status of the partner or other owner and the activities of the partnership or other entity. Therefore, this summary does not address tax considerations applicable to partnerships that hold our common stock, and partners in such partnerships should consult their tax advisors.
This summary also does not address tax considerations applicable to entities that are disregarded for U.S. federal income tax purposes (regardless of their place of organization or formation).
The information provided below is based upon provisions of the Code, Treasury regulations promulgated thereunder, administrative rulings and judicial decisions as of the date hereof. Such authorities may be subject to differing interpretations, repealed, revoked or modified, perhaps retroactively, so as to result in U.S. federal income tax consequences different from those discussed below. We have not requested a ruling from the Internal Revenue Service, or IRS, with respect to the statements made and the conclusions reached in the following summary, and there can be no assurance that the IRS will not take a contrary position regarding the tax consequences of the acquisition, ownership, and disposition of our common stock, or that any such contrary position would not be sustained by a court. In either case, the tax considerations of owning or disposing of our common stock could differ from those described below and as a result, we cannot assure you that the tax consequences described in this discussion will not be challenged by the IRS or will be sustained by a court if challenged by the IRS.
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INVESTORS CONSIDERING THE PURCHASE OF OUR COMMON STOCK SHOULD CONSULT THEIR OWN TAX ADVISORS REGARDING THE APPLICATION OF THE U.S. FEDERAL INCOME AND ESTATE TAX LAWS TO THEIR PARTICULAR SITUATIONS AND THE CONSEQUENCES OF FOREIGN, STATE, OR LOCAL LAWS, AND TAX TREATIES.
Non-U.S. Holder Defined
For purposes of this summary, a "non-U.S. holder" is any beneficial owner of our common stock, other than a partnership, that is not:
an individual who is a citizen or resident of the United States (as determined under U.S. federal income tax rules);
a corporation, or other entity taxable as a corporation for U.S. federal income tax purposes, created or organized under the laws of the United States, any state therein, or the District of Columbia;
a trust if it (i) is subject to the primary supervision of a court within the United States and one or more U.S. persons have authority to control all substantial decisions of the trust or (ii) has a valid election in effect under applicable U.S. Treasury regulations to be treated as a U.S. person; or
an estate whose income is subject to U.S. income tax regardless of its source.
If you are a non-U.S. citizen that is an individual, you may, in some cases, be deemed to be a resident alien (as opposed to a nonresident alien) by virtue of being present in the United States for at least 31 days in the calendar year and for an aggregate of at least 183 days during a three-year period ending in the current calendar year. Generally, for this purpose, all the days present in the current year, one-third of the days present in the immediately preceding year, and one-sixth of the days present in the second preceding year, are counted.
Resident aliens are generally subject to U.S. federal income tax as if they were U.S. citizens. Such an individual is urged to consult his or her own tax advisor regarding the U.S. federal income tax consequences of the ownership or disposition of our common stock.
Distributions
We do not expect to declare or make any distributions on our common stock in the foreseeable future. If we do make distributions on our common stock, however, such distributions will generally constitute dividends for U.S. federal income tax purposes to the extent it is paid from our current or accumulated earnings and profits, as determined under U.S. federal income tax principles. Distributions in excess of our current and accumulated earnings and profits will constitute a return of capital that is applied against and reduces, but not below zero, a non-U.S. holder's adjusted tax basis in our common stock. Any remaining excess will be treated as gain realized on the sale or exchange of our common stock as described below under the section titled "—Gain on Disposition of our Common Stock." The amount of any distribution of property other than cash will be the fair market value of that property on the date of distribution.
Any distribution on our common stock that is treated as a dividend paid to a non-U.S. holder that is not effectively connected with the non-U.S. holder's conduct of a trade or business in the United States will generally be subject to U.S. withholding tax at a 30% rate or such lower rate as may be specified under the terms of an applicable income tax treaty between the United States and the non-U.S. holder's country of residence. Non-U.S. holders should consult their tax advisors regarding their entitlement to benefits under a relevant income tax treaty. Generally, in order for us or our paying agent to withhold tax at a lower treaty rate, a non-U.S. holder must certify its entitlement to treaty benefits. A non-U.S. holder generally can meet this certification requirement by providing a properly executed Form W-8BEN or Form W-8BEN-E (or any successor of such forms) or appropriate substitute form to us or our paying agent. In the case of a non-U.S. holder that is an entity, Treasury regulations and the relevant tax treaty provide rules to determine whether, for purposes of determining the applicability of a tax treaty, dividends will be treated as paid to the entity or to those holding an interest in that entity. If the non-U.S. holder holds the stock through a financial institution or other agent acting on the holder's behalf, the holder will be required to provide appropriate documentation to the agent. The holder's agent will then be required to provide certification to us or our paying agent, either directly or through other intermediaries. A non-U.S. holder that is eligible for a reduced rate of U.S. federal withholding tax under an income tax treaty with the United States may obtain a refund or credit of any excess amounts withheld by filing an appropriate claim for a refund with the IRS in a timely manner.
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Dividends received by a non-U.S. holder that are effectively connected with a U.S. trade or business conducted by the non-U.S. holder, and if required by an applicable income tax treaty between the United States and the non-U.S. holder's country of residence, are attributable to a permanent establishment maintained by the non-U.S. holder in the United States, are not subject to U.S. withholding tax. To obtain this exemption, a non-U.S. holder must provide us or our paying agent with a properly executed IRS Form W-8ECI certifying such exemption. Such effectively connected dividends, although not subject to withholding tax, are taxed at the same graduated rates applicable to U.S. persons, net of certain deductions and credits. In addition to being taxed at graduated income tax rates, dividends received by corporate non-U.S. holders that are effectively connected with a U.S. trade or business of the corporate non-U.S. holder may also be subject to an additional "branch profits tax," which is imposed, under certain circumstances, at a rate of 30% (or such lower rate as may be specified by an applicable tax treaty) on the corporate non-U.S. holder's effectively connected earnings and profits, subject to certain adjustments.
See the section titled "—Foreign Accounts" for additional information on withholding rules that may apply to dividends paid to foreign financial institutions (as specifically defined by the applicable rules), or to non-financial foreign entities that have substantial direct or indirect U.S. owners.
Gain on Disposition of our Common Stock
Subject to the discussions below under the sections titled "—Backup Withholding and Information Reporting" and "—Foreign Accounts," non-U.S. holders will generally not be subject to U.S. federal income tax on gain realized on the sale, exchange or other disposition of our common stock unless:
(a)the gain is effectively connected with the conduct by the non-U.S. holder of a U.S. trade or business and if required by an applicable income tax treaty between the United States and the non-U.S. holder's country of residence, is attributable to a permanent establishment maintained by the non-U.S. holder in the United States;
(b)the non-U.S. holder is a nonresident individual and is present in the United States for 183 days or more in the taxable year of the sale, exchange or other disposition of our common stock, and certain other requirements are met; or
(c)the rules of the Foreign Investment in Real Property Tax Act, or FIRPTA, apply to treat the gain as effectively connected with a U.S. trade or business.
A non-U.S. holder described in (a) above, will be required to pay tax on the net gain derived from the sale, exchange or other disposition of our common stock at regular graduated U.S. federal income tax rates, unless a specific treaty exemption applies, and corporate non-U.S. holders described in (a) above may be subject to the additional branch profits tax at a 30% rate or such lower rate as may be specified by an applicable income tax treaty.
An individual non-U.S. holder described in (b) above, will be required to pay a flat 30% tax on the gain derived from the sale, exchange or other disposition of our common stock, or such other reduced rate as may be specified by an applicable income tax treaty, which gain may be offset by U.S. source capital losses (even though the non-U.S. holder is not considered a resident of the United States).
With respect to (c) above, in general, the FIRPTA rules may apply to a sale, exchange or other disposition of our common stock if we are, or were within the shorter of the five-year period preceding the disposition and the non-U.S. holder's holding period, a U.S. real property holding corporation, or USRPHC. We do not believe that we are a USRPHC and we do not anticipate becoming a USRPHC in the future. Even if we become a USRPHC, gain realized by a non-U.S. holder on a disposition of our common stock will not be subject to U.S. federal income tax under FIRPTA as long as (1) our common stock is regularly traded on an established securities market, and (2) the non-U.S. holder owned, directly, indirectly and constructively, no more than 5% of our outstanding common stock at all times within the shorter of (i) the five-year period preceding the disposition or (ii) the holder's holding period.
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See the section titled "—Foreign Accounts" for additional information regarding additional withholding rules that may apply to proceeds of a disposition of our common stock paid to foreign financial institutions (as specifically defined by the applicable rules), or to non-financial foreign entities that have substantial direct or indirect U.S. owners.
U.S. Federal Estate Tax
The estates of nonresident alien individuals generally are subject to U.S. federal estate tax on property with a U.S. situs. Because we are a U.S. corporation, our common stock will be U.S. situs property and therefore will be included in the taxable estate of a nonresident alien decedent, unless an applicable estate tax treaty between the United States and the decedent's country of residence provides otherwise. Investors are urged to consult their own tax advisors regarding the U.S. federal estate tax consequences of the ownership or disposition of our common stock.
Backup Withholding and Information Reporting
The Code and the Treasury regulations require those who make specified payments to report the payments to the IRS. Among the specified payments are dividends and proceeds paid by brokers to their customers. The required information returns enable the IRS to determine whether the recipient properly included the payments in income. This reporting regime is reinforced by "backup withholding" rules. These rules require the payors to withhold tax from payments subject to information reporting if the recipient fails to comply with the reporting requirements by failing to provide his taxpayer identification number or other certification of exempt status to the payor, furnishing an incorrect identification number, or failing to report interest or dividends on his returns. The backup withholding tax rate is currently 28%. The backup withholding rules do not apply to payments to corporations, whether domestic or foreign, provided they establish such exemption.
Payments to non-U.S. holders of dividends on common stock generally will not be subject to backup withholding, and payments of proceeds made to non-U.S. holders by a broker upon a sale of common stock will not be subject to information reporting or backup withholding, in each case so long as the non-U.S. holder certifies its nonresident status (and we or our paying agent do not have actual knowledge or reason to know the holder is a U.S. person or that the conditions of any other exemption are not, in fact, satisfied) or otherwise establishes an exemption. U.S. backup withholding generally will not apply to a non-U.S. holder who provides a properly executed IRS Form W-8BEN, IRS Form W-8BEN-E or otherwise establishes an exemption. We must report annually to the IRS any dividends paid to each non-U.S. holder and the tax withheld, if any, with respect to these dividends. Copies of these reports may be made available to tax authorities in the country where the non-U.S. holder resides.
Under the Treasury regulations, the payment of proceeds from the disposition of shares of our common stock by a non-U.S. holder made to or through a U.S. office of a broker generally will be subject to information reporting and backup withholding unless the beneficial owner certifies, under penalties of perjury, among other things, its status as a non-U.S. holder (and the broker does not have actual knowledge or reason to know the holder is a U.S. person) or otherwise establishes an exemption. The payment of proceeds from the disposition of shares of our common stock by a non-U.S. holder made to or through a non-U.S. office of a broker generally will not be subject to backup withholding and information reporting, except as noted below. Information reporting, but not backup withholding, will apply to a payment of proceeds, even if that payment is made outside of the United States, if a non-U.S. holder sells our common stock through a non-U.S. office of a broker that is:
a U.S. person (including a foreign branch or office of such person);
a "controlled foreign corporation" for U.S. federal income tax purposes;
a foreign person 50% or more of whose gross income from certain periods is effectively connected with a U.S. trade or business; or
a foreign partnership if at any time during its tax year (a) one or more of its partners are U.S. persons who, in the aggregate, hold more than 50% of the income or capital interests of the partnership or (b) the foreign partnership is engaged in a U.S. trade or business, unless the broker has documentary evidence that the beneficial owner is a non-U.S. holder and certain other conditions are satisfied, or the beneficial owner otherwise establishes an exemption (and the broker has no actual knowledge or reason to know to the contrary).
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Backup withholding is not an additional tax. Any amounts withheld from a payment to a holder of common stock under the backup withholding rules can be credited against any U.S. federal income tax liability of the holder and may entitle the holder to a refund, provided that the required information is furnished to the IRS in a timely manner.
Foreign Accounts
Sections 1471 through 1474 of the Code, commonly referred to as the Foreign Account Tax Compliance Act, or FATCA, and applicable Treasury regulations thereunder, impose a withholding tax of 30% on certain "witholdable payments," including dividends and the gross proceeds of a disposition of our common stock paid to a foreign financial institution (as specifically defined by the applicable rules) unless such institution enters into an agreement with the U.S. government to withhold on certain payments and to collect and provide to the U.S. tax authorities substantial information regarding U.S. account holders of such institution (which includes certain equity holders of such institution, as well as certain account holders that are foreign entities with U.S. owners). The FATCA withholding tax of 30% will also apply to dividends and the gross proceeds of a disposition of our common stock paid to a non-financial foreign entity unless such entity provides the withholding agent with either a certification that it does not have any substantial direct or indirect U.S. owners or provides information regarding direct and indirect U.S. owners of the entity. The 30% withholding tax described in this paragraph cannot be reduced under an income tax treaty with the United States or by providing an IRS Form W-8BEN or similar documentation. The withholding tax described above will not apply if the foreign financial institution or non-financial foreign entity otherwise qualifies for an exemption from the rules. Under certain circumstances, a non-U.S. holder might be eligible for refunds or credits of such taxes. Holders should consult with their own tax advisors regarding the possible implications of the withholding described herein.
THE PRECEDING DISCUSSION OF U.S. FEDERAL TAX CONSIDERATIONS IS FOR GENERAL INFORMATION PURPOSES ONLY. IT IS NOT TAX ADVICE. EACH PROSPECTIVE INVESTOR SHOULD CONSULT ITS OWN TAX ADVISOR REGARDING THE PARTICULAR U.S. FEDERAL, GIFT, ESTATE, STATE, LOCAL AND FOREIGN TAX CONSEQUENCES OF PURCHASING, HOLDING, AND DISPOSING OF OUR CLASS A COMMON STOCK, INCLUDING THE CONSEQUENCES OF ANY PROPOSED CHANGE IN APPLICABLE LAWS.

79


RELATED PARTY TRANSACTIONS
SEC rules require us to disclose any transaction or currently proposed transaction in which the Company is a participant and in which any related person has or will have a direct or indirect material interest involving the lesser of $120,000 or 1% of the average of the Company's total assets as of the end of last two completed fiscal years. A related person is any executive officer, director, nominee for director, or holder of 5% or more of the Company's common stock, or an immediate family member of any of those persons. The descriptions set forth above under the captions "The Share Exchange and Related Transactions—Exchange Agreement," "Lock-up Agreements and Other Restrictions" and "Executive Compensation Employment and Related Agreements" and "Director Compensation" and below under "Description of Securities Options" are incorporated herein by reference.
Except as set forth below, there have been no transactions during the years ended December 31, 2015 and 2014 to which we have been a party, in which the amount involved exceeded or will exceed $120,000, and in which any of our directors, executive officers or holders of more than 5% of the Company's capital stock, or an affiliate or immediate family member thereof, had or will have a direct or indirect material interest, other than compensation and other arrangements that are described in the section titled "Executive Compensation."

The following table sets forth the issuances of capital stock by the Company to related persons and by NABUfit Denmark to its holders in connection with its organization.  The following description is historical and has not been adjusted to give effect to the Share Exchange or the share conversion ratio pursuant to the Share Exchange Agreement.
NameDate of Sale
Number of Shares of
Common Stock
Aggregate Purchase Price ($)
Rene Mikkelsen(1)June 30, 201416,667(2)$12,500
Stephen Abu (3)June 30, 2014158,500(2)$665,700
World Wide Investment Fund, Ltd.(4)August 28, 2014314,286(2)$50,000
World Wide Investment Fund, Ltd.(4)October 6, 2014666,667(2)$106,061
Stratega ApS(4)October 6, 2014333,333(2)$53,030
Brian P.S. Mertz (5)October 6, 2014885,714(2)$140,909
Brian P.S. Mertz (5)December 2, 201466,667(6)$50,000
Soren Jonassen(7)December 2, 201466,667(6)$50,000
Ole Sigetty (7)December 2, 201466,667(6)$50,000
Hugo Svaneeng Holdings ApS(4)December 28, 201446,667$81,667
Maze Holding ApS(8)June 26, 20159,356(9)$1,403
Chunmeilin Holding ApS (10)June 26, 20159,356(9)$1,403
M. Krarup Holding IVS (11)June 26, 20159,356(9)$1,403
F-Reklame A/S (12)June 26, 20157,266(9)$1,090
Mikkel KesslerJune 26, 20154,768(9)$715
Jan Bech Anderson (13)October 8, 20153,179(9)$905,368
Brian P.S Mertz (5)September, 201530,000(6)$67,500
Soren Jonassen (7)September, 201530,000(6)$67,500
Ole Sigetty (7)September, 201530,000(6)$67,500

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
Former member of Board of Directors
Reflects shares issued pre-reverse stock split
Former officer
Owned and controlled by Brian P.S. Mertz, Chief Executive Officer and member of the Board of Directors
Chief Executive Officer and member of the Board of Directors
Issued in lieu of cash compensation
Director
Owned by Michael Maze
Shares issued in NABUfit Global, ApS, prior to the Share Exchange.  Does not reflect post Share Exchange holdings.
Owned and controlled by Ulrik Moll, former Chief Executive Officer
Owned and controlled by Morten Krarup, member of the Board of Directors
Owned by Mads Fredericksen, Chairman of the Board of Director
Shares deemed beneficially owned by Morton Albaek, member of the Board of Directors
80

During the quarter ended June 30, 2014, the Company issued 16,667 shares in a private placement to Rene Mikkelsen, a director and 16,667 shares each to two unrelated individuals at $0.75 per share for cash of $25,000.  The Company also issued 158,500 shares of common stock to Stephen Abu, a Company vice president, valued at $4.20 per share or $665,700, as part of the sale of ASHG.
On August 28, 2014 the Company completed a private placement of 314,286 shares of its common stock for cash in the amount of $50,000 to World Wide Investment Fund Ltd., a company controlled by Mr. Brian Mertz, a resident of Denmark.
On October 6, 2014 the Company issued 666,667 shares to World Wide Investment Fund Ltd., 333,333 shares to Stratega ApS, a company controlled by Mr. Mertz, and 885,714 shares to Mr. Brian Mertz, for a total purchase price of $300,000.
On December 2, 2014 the Company issued 66,667 shares to each of the following: Soren Jonassen, Ole Sigetty, and Brian Mertz in lieu of cash payments. The Company expensed an aggregate of $720,004 as compensation expense, which reflected the market price ($3.60 per share) of the Company's stock at the time of the board's approval.
On December 28, 2014 the Company issued 46,667 shares to Hugo Svaneeng Holdings ApS for the purchase of Domain names, which the board of directors valued at $81,667 which reflects the market price ($1.75 per share) of the Company's stock at the time the shares were issued. Hugo SvaneengHoldings ApS is an affiliate of Brian Mertz.
In connection with the organization of NABUfit Denmark on June 26, 2015, the following persons subscribed for the following number of shares (as adjusted to reflect subsequent issuance and transfers).

Name
Number of Shares of
Common Stock
Aggregate Purchase Price ($)
Maze Holding ApS9,3561,403
Chunmeilin Holding ApS9,3561,403
M. Krarup Holding IVS9,3561,403
F-Reklame A/S7,2661,090
Mikkel Kessler4,768715
Ole Krebs1,727259
Anders Fredsborg12018
Lars Weibom874131
GD Investments ApS874131
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On October 8, 2015, NABUfit Denmark issued an aggregate of 6,303 shares of common stock at a price per share of $284.77 (DKK 1,888) for the aggregate gross consideration of approximately $1,795,000 to Danish investors Arne Nilsson, Jan Bech Anderson, Bent Østergaard and LF Investments.

Name
Number of Shares of
Common Stock
Aggregate Purchase Price ($)
LF Investments2,649$754,355
Bent Østergaard264$75,179
Arne Nilsson211$60,086
Jan Bech Anderson(1)3,179$905,283

(1)Shares deemed beneficially owned by Morton Albaek, a member of the Board of Directors.

In September 2015, the Board of Directors approved the payment of $67,500 to each of Jonassen, Sigetty and Mertz for their service as directors and officers for the current year, which amounts were paid in the form of 30,000 shares of common stock in the Company which were recorded for book purposes at the market price at the time of the award of $4.00 per share for total compensation of $360,000.
Employment Agreements and Offer Letters
For more information regarding these employment arrangements for Messrs, Moll and Bench, see the section titled "Executive Compensation — Narrative to 2015 Summary Compensation Table and Outstanding Equity Awards at 2015 Year End."
Policies and Procedures for Related-Person Transactions
Our board of directors has adopted a written related-person transaction policy setting forth the policies and procedures for the review and approval or ratification of related-person transactions. This policy will cover, with certain exceptions set forth in Item 404 of Regulation S-K under the Securities Act, any transaction, arrangement or relationship, or any series of similar transactions, arrangements or relationships in which we were or are to be a participant, where the amount involved exceeds $120,000 and a related person had or will have a direct or indirect material interest, including, without limitation, purchases of goods or services by or from the related person or entities in which the related person has a material interest, indebtedness, guarantees of indebtedness and employment by us of a related person. In reviewing and approving any such transactions, our audit committee is tasked to consider all relevant facts and circumstances, including, but not limited to, whether the transaction is on terms comparable to those that could be obtained in an arm's-length transaction and the extent of the related person's interest in the transaction. All of the transactions described in this section occurred prior to the adoption of this policy.


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PLAN OF DISTRIBUTION
We anticipate selling the securities offered through this prospectus through our officers and directors and through one or more broker-dealers or placement agents as described below.

Offering Managed by Our Officers and Directors

We are offering to the public 5,000,000 shares of common stock on a $4,600,000 maximum basis at a purchase price of $0.92 per share. This prospectus permits our officers and directors, to sell the shares directly to the public, with no commission or other remuneration payable to them. The officers and directors will sell the shares and intend to offer them to friends, family members, acquaintances, and business associates. In offering the securities on our behalf, they will rely on the safe harbor from broker dealer registration set out in Rule 3a4-1 under the Securities Exchange Act of 1934.

·No officer or director will register as a broker-dealer pursuant to Section 15 of the Securities Exchange Act of 1934, in reliance upon Rule 3a4-1, 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.

·No officer or director is subject to a statutory disqualification, as that term is defined in Section 3(a)(39) of the Act, at the time of their participation; and,

·No officer or director will be compensated in connection with their participation by the payment of commissions or other remuneration based either directly or indirectly on transactions in securities; and

·No officer or director is, or will be be at the time of participation in the offering, an associated person of a broker-dealer; and

·Each officer and director meets the conditions of paragraph (a)(4)(ii) of Rule 3a4-1 of the Exchange Act, in that she (A) primarily perform, or are 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).

No officer or director, nor any of their affiliates intend to purchase any shares in this offering.

Sales Through Agents

The Board of Directors of the Company has authorized the sale of up to 2,500,000 of the shares through one or more broker-dealers or placement agents. Effective August 30, 2016, we have engaged Arrowhead Capital Advisors, a division of Trump Securities, LLC ("Arrowhead" or the "Placement Agent") to act as a non-exclusive placement agent to solicit offers to purchase the securities offered by this prospectus. Arrowhead is not purchasing or selling any securities, nor are they required to arrange for the purchase and sale of any specific number or dollar amount of securities, other than to use their "reasonable best efforts" to arrange for the sale of shaers by us. Therefore, we may not sell the entire amount of shares being offered. We intend to offer and sell the securities offered hereby to investors in certain states.  However, we will not make any offer of these securities in any jurisdiction where the offer is not permitted or exempted.  Arrowhead may engage one or more sub-placement agents or selected dealers to assist with the offering.

Upon the closing of this offering, we will pay Arrowhead a cash transaction fee equal to $10,000 and a transaction fee equal to 10.0% of the gross proceeds to us from the sale of the shares in the offering.  The Agreement with Arrowhead is terminable by either party upon seven (7) days prior notice.

The following table shows the per share and total placement agent fees we will pay in connection with the sale of the securities in this offering, assuming the purchase of all of the securities we are offering.
  
Per Share of Common Stock $0.09 
     
Total $230 ,000*

*Assuming the sale of all 2,500,000 shares through the placement agents.


We estimate the total expenses of this offering, which will be payable by us, excluding the placement agent fees, will be approximately $100,000. After deducting the fees due to the Arrowhead or other placement agents and our estimated offering expenses, we expect the net proceeds from this offering to be approximately $4,270,000.

The Placement Agent may be deemed to be an underwriter within the meaning of Section 2(a)(11) of the Securities Act and any fees received by it and any profit realized on the sale of the securities by it while acting as principal might be deemed to be underwriting discounts or commissions under the Securities Act. The Placement Agent will be required to comply with the requirements of the Securities Act and the Exchange Act of 1934, as amended (the "Exchange Act"), including, without limitation, Rule 10b-5 and Regulation M under the Exchange Act. These rules and regulations may limit the timing of purchases and sales of our securities by the Placement Agent.  Under these rules and regulations, the Placement Agent may not (i) engage in any stabilization activity in connection with our securities; and (ii) bid for or purchase any of our securities or attempt to induce any person to purchase any of our securities, other than as permitted under the Exchange Act, until they have completed their participation in the distribution.
If we engage additional placement agents, we will file an additional post-effective amendment which sets forth:

·
any additional terms of the offering;
·the names of any placement agents;
·
the purchase price of the securities;
·
the net proceeds from the sale of the securities;
·any commissions or agency fees and other items constituting agents' compensation; and
·any commissions paid to transfer agents.
Our securities are traded on the OTCQB, but are not listed or traded on the floor of an organized national or regional stock exchange. Instead, these securities transactions are conducted through a telephone and computer network connecting dealers in stocks. Over-the-counter stocks are traditionally smaller companies that do not meet the financial and other listing requirements of a regional or national stock exchange.

Offering Period and Expiration Date

This Offering will commence on the effective date of the registration statement of which this prospectus is a part, as determined by the Securities and Exchange Commission, and will continue for a period of 180 days. We may extend the Offering, at our sole discretion, unless the offering is completed or otherwise terminated by us at an earlier date.

Procedures for Subscribing

If you decide to subscribe for any shares in the offering, you must deliver a check or certified funds for acceptance or rejection. There are no minimum share purchase requirements for individual investors. All checks for subscriptions must be made payable to "NABUfit Global, Inc."

Right to Reject Subscriptions

We maintain the right to accept or reject subscriptions in whole or in part, for any reason or for no reason. All monies from rejected subscriptions will be returned immediately by us to the subscriber, without interest or deductions. Subscriptions for securities will be accepted or rejected within 48 hours of our having received them.
83

Penny Stock Rules

The SEC has adopted rules that regulate broker-dealer practices in connection with transactions in penny stocks. Penny stocks are generally equity securities with a price of less than $5.00 (other than securities registered on certain national securities exchanges, provided that current price and volume information with respect to transactions in such securities is provided by the exchange or system).

The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from those rules, to deliver a standardized risk disclosure document prepared by the SEC which:
·contains a description of the nature and level of risk in the market for penny stocks in both public offerings and secondary trading;
·contains a description of the broker's or dealer's duties to the customer and of the rights and remedies available to the customer with respect to violations of such duties or other requirements of federal securities laws;
·contains a brief, clear, narrative description of a dealer market, including "bid" and "ask" prices for penny stocks and the significance of the spread between the bid and ask prices;
·contains the toll-free telephone number for inquiries on disciplinary actions;
·defines significant terms in the disclosure document or in the conduct of trading in penny stocks; and
·contains such other information, and is in such form (including language, type size, and format) as the SEC shall require by rule or regulation.

Prior to effecting any transaction in a penny stock, a broker-dealer must also provide a customer with:
·the bid and ask prices for the penny stock;
·the number of shares to which such bid and ask prices apply, or other comparable information relating to the depth and liquidity of the market for such stock;
·the amount and a description of any compensation that the broker-dealer and its associated salesperson will receive in connection with the transaction; and
·a monthly account statement indicating the market value of each penny stock held in the customer's account.

In addition, the penny stock rules require that prior to effecting any transaction in a penny stock not otherwise exempt from those rules, a broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive (i) the purchaser's written acknowledgment of the receipt of a risk disclosure statement, (ii) a written agreement to transactions involving penny stocks, and (iii) a signed and dated copy of a written suitability statement. These disclosure requirements may have the effect of reducing the trading activity in the secondary market for our securities, and therefore our stockholders may have difficulty selling their shares.
84

General Information
Agents and dealers may be entitled, under agreements entered into with us, to indemnification by us against certain liabilities, including liabilities under the Securities Act. Our agents and dealers, or their affiliates, may be customers of, engage in transactions with or perform services for us in the ordinary course of business.
The maximum consideration or discount to be received by any Financial Industry Regulatory Authority, or FINRA, member or independent broker dealer may not exceed 10.0% of the aggregate amount of the securities offered pursuant to this prospectus and any applicable post effective amendment.
Lock-Up Agreements- See "Market for Our Common Stock"
Foreign Sales
United Kingdom
In relation to each Member State of the European Economic Area which has implemented the Prospectus Directive (each, a "Relevant Member State") an offer to the public of any securities which are the subject of the offering contemplated by this prospectus may not be made in that Relevant Member State except that an offer to the public in that Relevant Member State of any such securities may be made at any time under the following exemptions under the Prospectus Directive, if they have been implemented in that Relevant Member State:
(a)to legal entities which are authorized or regulated to operate in the financial markets or, if not so authorized or regulated, whose corporate purpose is solely to invest in securities;
(b)to any legal entity which has two or more of (1) an average of at least 250 employees during the last financial year; (2) a total balance sheet of more than €43,000,000 and (3) an annual net turnover of more than €50,000,000, as shown in its last annual or consolidated accounts;
85

(c)by a placement agent to fewer than 100 natural or legal persons (other than qualified investors as defined in the Prospectus Directive); or
(d)in any other circumstances falling within Article 3(2) of the Prospectus Directive, provided that no such offer of shares shall result in a requirement for the publication by the issuer or a placement agent of a prospectus pursuant to Article 3 of the Prospectus Directive.
For the purposes of this provision, the expression an "offer to the public" in relation to any security in any Relevant Member State means the communication in any form and by any means of sufficient information on the terms of the offer and any securities to be offered so as to enable an investor to decide to purchase such securities, as the same may be varied in that Member State by any measure implementing the Prospectus Directive in that Member State and the expression "Prospectus Directive" means Directive 2003/71/EC and includes any relevant implementing measure in each Relevant Member State.
Any placement agent must represent, warrant and agree that:
(a) it has only communicated or caused to be communicated and will only communicate or cause to be communicated any invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000 (the FSMA)) received by it in connection with the issue or sale of any of our securities in circumstances in which section 21(1) of the FSMA does not apply to the issuer; and
(b) it has complied with and will comply with all applicable provisions of the FSMA with respect to anything done by it in relation to our securities in, from or otherwise involving the United Kingdom.
European Economic Area
In particular, this document does not constitute an approved prospectus in accordance with European Commission's Regulation on Prospectuses no. 809/2004 and no such prospectus is to be prepared and approved in connection with this offering. Accordingly, in relation to each Member State of the European Economic Area which has implemented the Prospectus Directive (being the Directive of the European Parliament and of the Council 2003/71/EC and including any relevant implementing measure in each Relevant Member State) (each, a Relevant Member State), with effect from and including the date on which the Prospectus Directive is implemented in that Relevant Member State (the Relevant Implementation Date) an offer of securities to the public may not be made in that Relevant Member State prior to the publication of a prospectus in relation to such securities which has been approved by the competent authority in that Relevant Member State or, where appropriate, approved in another Relevant Member State and notified to the competent authority in that Relevant Member State, all in accordance with the Prospectus Directive, except that any placement agent may, with effect from and including the Relative Implementation Date, make an offer of securities to the public in that Relevant Member State at any time:
to legal entities which are authorized or regulated to operate in the financial markets or, if not so authorized or regulated, whose corporate purpose is solely to invest in securities;
to any legal entity which has two or more of (1) an average of at least 250 employees during the last financial year; (2) a total balance sheet of more than 43,000,000 euros; and (3) an annual net turnover of more than 50,000,000 euros, as shown in the last annual or consolidated accounts; or
in any other circumstances which do not require the publication by the issuer of a prospectus pursuant to Article 3 of the Prospectus Directive.
 For the purposes of this provision, the expression an "offer of securities to the public" in relation to any common shares in any Relevant Member State means the communication in any form and by any means of sufficient information on the terms of the offer and the securities to be offered so as to enable an investor to decide to purchase or subscribe such securities, as the same may be varied in that Member State by any measure implementing the Prospectus Directive in that Member State. For these purposes the shares of common stock are "securities."
86

Japan
No registration pursuant to Article 4, paragraph 1 of the Financial Instruments and Exchange Law of Japan (Act No. 25 of 1948, as amended) has been made or will be made with respect to the solicitation of the application for the acquisition of the shares of our common stock.
Accordingly, the shares of our common stock have not been, directly or indirectly, offered or sold and will not be, directly or indirectly, offered or sold in Japan or to, or for the benefit of, any resident of Japan (which term as used herein means any person resident in Japan, including any corporation or other entity organized under the laws of Japan) or to others for re-offering or re-sale, directly or indirectly, in Japan or to, or for the benefit of, any resident of Japan except pursuant to an exemption from the registration requirements, and otherwise in compliance with, the Financial Instruments and Exchange Law of Japan and the other applicable laws and regulations of Japan.
Australia
No placement document, prospectus, product disclosure statement, or other disclosure document has been lodged with the Australian Securities and Investments Commission, or ASIC, in relation to this offering. This prospectus does not constitute a prospectus, product disclosure statement, or other disclosure document under the Corporations Act 2001, or the Corporations Act, and does not purport to include the information required for a prospectus, product disclosure statement, or other disclosure document under the Corporations Act.
Any offer in Australia of our common stock may only be made to persons, or Exempt Investors, who are "sophisticated investors" (within the meaning of section 708(8) of the Corporations Act), "professional investors" (within the meaning of section 708(11) of the Corporations Act), or otherwise pursuant to one or more exemptions contained in section 708 of the Corporations Act so that it is lawful to offer our common stock without disclosure to investors under Chapter 6D of the Corporations Act.
The common stock applied for by Exempt Investors in Australia must not be offered for sale in Australia in the period of 12 months after the date of allotment under the offering, except in circumstances where disclosure to investors under Chapter 6D of the Corporations Act would not be required pursuant to an exemption under section 708 of the Corporations Act or otherwise or where the offer is pursuant to a disclosure document which complies with Chapter 6D of the Corporations Act. Any person acquiring securities must observe such Australian on-sale restrictions.
This prospectus contains general information only and does not take account of the investment objectives, financial situation, or particular needs of any particular person. It does not contain any securities recommendations or financial product advice. Before making an investment decision, investors need to consider whether the information in this prospectus is appropriate to their needs, objectives and circumstances, and, if necessary, seek expert advice on those matters.
Dubai International Financial Centre
This prospectus relates to an Exempt Offer in accordance with the Offered Securities Rules of the Dubai Financial Services Authority, or the DFSA. This prospectus is intended for distribution only to persons of a type specified in the Offered Securities Rules of the DFSA. It must not be delivered to, or relied on by, any other person. The DFSA has no responsibility for reviewing or verifying any documents in connection with Exempt Offers. The DFSA has not approved this prospectus nor taken steps to verify the information set forth herein and has no responsibility for the prospectus. The common stock to which this prospectus relates may be illiquid or subject to restrictions on its resale. Prospective purchasers of the common stock offered should conduct their own due diligence on the common stock. If you do not understand the contents of this prospectus you should consult an authorized financial advisor.
87

Switzerland
The shares of our common stock may not be publicly offered in Switzerland and will not be listed on the SIX Swiss Exchange, or SIX, or on any other stock exchange or regulated trading facility in Switzerland. This document has been prepared without regard to the disclosure standards for issuance prospectuses under art. 652a or art. 1156 of the Swiss Code of Obligations or the disclosure standards for listing prospectuses under art. 27 ff. of the SIX or the listing rules of any other stock exchange or regulated trading facility in Switzerland. Neither this document nor any other offering or marketing material relating to the shares or the offering may be publicly distributed or otherwise made publicly available in Switzerland.
Neither this document nor any other offering or marketing material relating to the offering, us, or the shares have been or will be filed with or approved by any Swiss regulatory authority. In particular, this document will not be filed with, and the offer of shares will not be supervised by, the Swiss Financial Market Supervisory Authority FINMA, and the offer of shares has not been and will not be authorized under the Swiss Federal Act on Collective Investment Schemes, or CISA. The investor protection afforded to acquirers of interests in collective investment schemes under the CISA does not extend to acquirers of shares.

Denmark

This prospectus has not been filed with or approved by the Danish Financial Supervisory Authority or any other regulatory authority in Denmark. The common stock has not been offered or sold and may not be offered, sold or delivered directly or indirectly in Denmark by way of a public offering, unless in compliance with Chapter 6 or Chapter 12 of the Danish Act on Trading in Securities and Executive Orders issued pursuant thereto as amended from time to time, including, but not limited to exemptions from the prospectus delivery requirements set forth in Executive Order No. 222 of 10 March 2010 or in Executive Order No. 223 of 10 March 2010.
88

LEGAL MATTERS
Validity of the securities offered by this prospectus will be passed upon for us by Carman Lehnhof Israelsen, LP, Salt Lake City, Utah.
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
None.

EXPERTS

The audited consolidated financial statements of the Company as of December 31, 20152016 included in this prospectus have been audited by Sadler, Gibb & Associates, LLC, who is an independent registered public accounting firm, as set forth in their report appearing elsewhere herein, and are included herein in reliance upon such report given upon the authority of said firm as experts in auditing and accounting.

WHERE YOU CAN FIND MORE INFORMATION

We file annual, quarterly and special reports and other informationhave filed with the SEC. These filings contain important information thatSecurities and Exchange Commission, Washington, D.C. 20549, under the Securities Act of 1933, a registration statement on Form S-1 relating to the shares offered hereby. This prospectus does not appearcontain all of the information set forth in this prospectus.the registration statement and the exhibits and schedules thereto. For further information about us,with respect to our company and the shares offered by this prospectus, you should refer to the registration statement, including the exhibits and schedules thereto. You may read andinspect a copy any reports, statements and other information filed by usof the registration statement without charge at the SEC's Public Reference Section of the Securities and Exchange Commission at Room at 100 F1024, 450 Fifth Street, N.E.N.W., Room 1580, Washington, D.C. 20549-0102. You20549. The public may obtain further information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. Our SEC filings areSecurities and Exchange Commission. The Securities and Exchange Commission also available on the SECmaintains an Internet site at http://www.sec.gov, whichthat contains reports, proxy and information statements and other information regarding issuersregistrants that file electronically with the SEC.


Securities and Exchange Commission. The Securities and Exchange Commission’s World Wide Web address is 89http://www.sec.gov.

Statements contained in this prospectus as to the contents of any contract or other document that we have filed as an exhibit to the registration statement are qualified in their entirety by reference to the exhibits for a complete statement of their terms and conditions.

The representations, warranties and covenants made by us in any agreement that is filed as an exhibit to the registration statement of which this prospectus is a part were made solely for the benefit of the parties to such agreement, including, in some cases, for the purpose of allocating risk among the parties to such agreements, and should not be deemed to be a representation, warranty or covenant to you. Moreover, such representations, warranties or covenants were made as of an earlier date. Accordingly, such representations, warranties and covenants should not be relied on as accurately representing the current state of our affairs.

We file periodic reports, proxy statements and other information with the Securities and Exchange Commission in accordance with requirements of the Exchange Act. These periodic reports, proxy statements and other information are available for inspection and copying at the regional offices, public reference facilities and Internet site of the Securities and Exchange Commission referred to above. You can also request copies of such documents, free of charge, by contacting the company at 801-362-2115.

Information contained on our website is not a prospectus and does not constitute a part of this prospectus.


NABUFIT

50


NEWBRIDGE GLOBAL VENTURES, INC. AND SUBSIDIARY

SUBSIDIARIES

TABLE OF CONTENTS

Page

Report of Independent Registered Public Accounting Firm

F-2

F2

Consolidated Financial Statements:

Consolidated Balance Sheet as of December 31, 20152016

F-3

F3

Consolidated Statement of Operations and Comprehensive Loss for the Period from

    June 26, 2015 (Date of Inception) through December 31, 20152016

F-4

F4

Consolidated Statement of Shareholders'Shareholders’ Equity for the Period from June 26, 2015

    (Date of Inception) through December 31, 20152016

F-5

F5

Consolidated Statement of Cash Flows for the Period from June 26, 2015

    (Date of Inception) through December 31, 20152016

F-6

F6

Notes to Consolidated Financial Statements

F-7

F7



Picture 26 

F-1






REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To the Board of Directors and Shareholders

NABUfit

Newbridge Global Ventures, Inc.


(formerly known as Nabufit Global, Inc.)

We have audited the accompanying consolidated balance sheetsheets of NABUfitNewbridge Global Ventures, Inc. ("(formerly known as Nabufit Global, Inc.) (“the Company"Company”) as of December 31, 2016 and 2015, and the related consolidated statements of operations and comprehensive loss, shareholders' deficitshareholders’ equity and cash flows for the year ended December 31, 2016, and for the period from inception on June 26, 2015 through December 31, 2015. These consolidated financial statements are the responsibility of the Company'sCompany’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audit.   


audits.    

We conducted our auditaudits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the auditaudits to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit includedaudits include consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company'sCompany’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the consolidated financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit providesaudits provide a reasonable basis for our opinion.


In our opinion the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial position of NABUfitNewbridge Global Ventures, Inc. (formerly known as Nabufit Global, Inc.)as of December 31, 2016 and 2015, and the consolidated results of its operations and cash flows for the year ended December 31, 2016, and for the period from inception on June 26, 2015 through December 31, 2015, in conformity with U.S. generally accepted accounting principles.




The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company has generated no revenues from its business operations, has incurred operating losses since inception and will need additional working capital for its planned activity, which raises substantial doubt about its ability to continue as a going concern. Management's plans in regard to these matters are described in Note 2 to the consolidated financial statements. These consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

/s/ Sadler, Gibb & Associates, LLC


Salt Lake City, UT

March 2, 2016


April 5, 2017, except for footnote 11,

for which the date is July 28, 2017, and

except for footnote 12, for which the date

is December 28, 2017

Sadler Gibbs Letter Head Footer.jpg 



F-2F-

2


  
NABUFIT GLOBAL, INC. AND SUBSIDIARY
CONSOLIDATED BALANCE SHEET
DECEMBER 31, 2015
   
ASSETS  
Current Assets  
Cash $1,133,247 
Prepaid expenses and other current assets  172,939 
Deposits  7,646 
Total current assets  1,313,832 
     
Total Assets $1,313,832 
     
LIABILITIES AND STOCKHOLDERS' EQUITY    
Current Liabilities    
Accounts payable $19,082 
Accrued liabilities  33,706 
Total current liabilities  52,788 
     
Total Liabilities $52,788 
     
Commitments and Contingencies  - 
STOCKHOLDERS'  EQUITY    
Preferred stock, $.0001 par value, 400,000 shares authorized; no shares 
issued and outstanding  - 
Common stock $.0001 par value, 100,000,000 shares authorized;    
19,437,236 shares issued and outstanding at December 31, 2015  1,944 
Additional paid-in capital  1,671,874 
Accumulated deficit  (372,396)
Accumulated other comprehensive loss  (40,378)
Total stockholders' equity  1,261,044 
     
Total Liabilities and Stockholders' Equity $1,313,832 
The accompanying notes are an integral part of these consolidated financial statements.

NEWBRIDGE GLOBAL VENTURES, INC. (FORMERLY KNOWN AS

NABUFIT GLOBAL, INC. ) AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

 

 

 

 

 

 

 

December 31,

 

December 31,

 

 

2016

 

2015

 

 

 

 

 

ASSETS

 

 

 

 

Current Assets

 

 

 

 

Cash and cash equivalents

 

$ 9,707   

 

$ 60,140   

Prepaid expenses and other current assets

 

72,250   

 

130,000   

Deposits

 

-   

 

-   

Current assets of discontinued operations

 

4,127,562   

 

1,123,692   

Total current assets

 

4,209,519   

 

1,313,832   

 

 

 

 

 

Total Assets

 

$ 4,209,519   

 

$ 1,313,832   

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS' EQUITY

 

 

 

 

Current Liabilities

 

 

 

 

Accounts payable

 

$ 36,998   

 

$ 4,173   

Accrued liabilities

 

63,519   

 

2,152   

Related party payables

 

4,733   

 

-   

Current liabilities of discontinued operations

 

2,493,960   

 

46,463   

Total current liabilities

 

2,599,210   

 

52,788   

 

 

 

 

 

Total Liabilities

 

$ 2,599,210   

 

$ 52,788   

 

 

 

 

 

Commitments and Contingencies

 

-   

 

-   

 

 

 

 

 

STOCKHOLDERS'  EQUITY

 

 

 

 

Preferred stock, $.0001 par value, 400,000 shares authorized; no shares

 

 

 

 

issued and outstanding

 

-   

 

-   

Common stock $.0001 par value, 100,000,000 shares authorized;

 

 

 

 

854,340 and 647,909 shares issued and outstanding at December 31, 2016 and 2015, respectively.

 

85   

 

65   

Additional paid-in capital

 

6,055,755   

 

1,673,753   

Accumulated deficit

 

(4,411,001)  

 

(372,396)  

Accumulated other comprehensive loss

 

(34,530)  

 

(40,378)  

Total stockholders' equity

 

1,610,309   

 

1,261,044   

 

 

 

 

 

Total Liabilities and Stockholders' Equity

 

$4,209,519  

 

$1,313,832  

 

 

 

 

 

 

 

 

 

 

See accompanying notes to the consolidated financial statements


F-3F-

3


NABUFIT GLOBAL, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE LOSS
FROM JUNE 26, 2015 (DATE OF INCEPTION)
THROUGH DECEMBER 31, 2015
Operating Expenses:  
Selling, general and administrative $371,746 
         Total Operating Expenses  371,746 
     
Loss from Operations  (371,746)
Interest expense  (650)
     
Net Loss $(372,396)
     
Net loss per common share - basic and diluted $(0.02)
     
Weighted average common shares    
outstanding - basic and diluted  16,166,622 
     
Comprehensive Loss:    
Net Loss $(372,396)
     
Other Comprehensive Loss    
Translation adjustments  (40,378)
Total Comprehensive Loss $(412,774)
The accompanying notes are an integral part of these consolidated financial statements.

NEWBRIDGE GLOBAL VENTURES, INC. (FORMERLY KNOWN AS

NABUFIT GLOBAL, INC.) AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

AND COMPREHENSIVE LOSS

 

 

 

 

For the Period

 

 

 

from Inception

 

For the Year

 

(June 26, 2015)

 

Ended

 

through

 

December 31,

 

December 31,

 

2016

 

2015

Operating Expenses:

 

 

 

Selling, general and administrative

$ 1,397,442   

 

$ 64,765   

        Total Operating Expenses

1,397,442   

 

64,765   

 

 

 

 

Loss from Operations

(1,397,442)  

 

(64,765)  

 

 

 

 

Net loss from continuing operations

(1,397,442)  

 

(64,765)  

Net loss from discontinued operations

(2,641,163)  

 

(307,631)  

 

 

 

 

Net Loss

$ (4,038,605)  

 

$ (372,396)  

 

 

 

 

Net loss per common share - basic and diluted:

 

 

 

Continuing operations

(2.05)  

 

(0.12)  

Discontinued operations

(3.87)  

 

(0.57)  

Total

$ (5.92)  

 

$ (0.69)  

 

 

 

 

Weighted average common shares

 

 

 

outstanding - basic and diluted

682,517   

 

538,888   

 

 

 

 

Comprehensive Loss:

 

 

 

Net Loss

$ (4,038,605)  

 

$ (372,396)  

 

 

 

 

Other Comprehensive Income

 

 

 

Translation adjustments

5,848   

 

(40,378)  

Total Comprehensive Loss

$ (4,032,757)  

 

$ (412,774)  

 

 

 

 

 

 

 

 

See accompanying notes to the consolidated financial statements


F-4F-

4


NABUFIT GLOBAL, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY       
          Accumulated   
      Additional    Other   
  Common Stock  Paid-in  Accumulated  Comprehensive   
  Shares  Amount  Capital  Deficit  Loss  Total 
Balance at June 26, 2015 (Date of Inception)  -  $-  $-  $-  $-  $- 
                         
Stock issued for cash - June 26, 2015  15,500,000   1,550   5,985   -   -   7,535 
Stock issued for cash - September 30, 2015  443,920   44   1,419,091   -   -   1,419,135 
Treasury stock, purchased and retired  (443,920)  (44)  (1,388)  -   -   (1,432)
Recapitalization - November 30, 2015  3,937,236   394   248,186   -   -   248,580 
Foreign currency translation adjustments  -   -   -   -   (40,378)  (40,378)
Net loss  -   -   -   (372,396)  -   (372,396)
                         
Balance at December 31, 2015  19,437,236  $1,944  $1,671,874  $(372,396) $(40,378) $1,261,044 

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

NEWBRIDGE GLOBAL VENTURES, INC. (FORMERLY KNOWN AS

NABUFIT GLOBAL, INC.) AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

Additional

 

 

 

Other

 

 

 

Common Stock

 

Paid-in

 

Accumulated

 

Comprehensive

 

 

 

Shares

Amount

 

Capital

 

Deficit

 

Loss

 

Total

Balance at June 26, 2015 (Date of Inception)

-   

$ -   

 

$ -   

 

$ -   

 

$ -   

 

$ -   

 

 

 

 

 

 

 

 

 

 

 

Stock issued for cash - June 26, 2015

516,667   

52   

 

7,483   

 

-   

 

-   

 

7,535   

Stock issued for cash - September 30, 2015

14,798   

1   

 

1,419,134   

 

-   

 

-   

 

1,419,135   

Treasury stock, purchased and retired

(14,798)  

(1)  

 

(1,431)  

 

-   

 

-   

 

(1,432)  

Recapitalization - November 30, 2015

131,242   

13   

 

248,567   

 

-   

 

-   

 

248,580   

Foreign currency translation adjustments

-   

-   

 

-   

 

-   

 

(40,378)  

 

(40,378)  

Net loss

-   

-   

 

-   

 

(372,396)  

 

-   

 

(372,396)  

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2015

647,909   

$ 65   

 

$ 1,673,753   

 

$ (372,396)  

 

$ (40,378)  

 

$ 1,261,044   

 

 

 

 

 

 

 

 

 

 

 

Stock issued for cash

157,160   

16   

 

3,139,429   

 

-   

 

-   

 

3,139,445   

Stock issued for services

34,723   

3   

 

889,154   

 

-   

 

-   

 

889,157   

Stock issued for share-based compensation

14,548   

1   

 

353,419   

 

-   

 

-   

 

353,420   

Foreign currency translation adjustments

-   

-   

 

-   

 

-   

 

5,848   

 

5,848   

Net loss

-   

-   

 

-   

 

(4,038,605)  

 

-   

 

(4,038,605)  

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2016

854,340   

$ 85   

 

$ 6,055,755   

 

$ (4,411,001)  

 

$ (34,530)  

 

$ 1,610,309   

 

 

 

 

 

 

 

 

 

 

 

See accompanying notes to the consolidated financial statements


F-5F-

5



NABUFIT GLOBAL, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENT OF CASH FLOWS
FROM JUNE 26, 2015 (DATE OF INCEPTION)
THROUGH DECEMBER 31, 2015
   
Net loss $(372,396)
Adjustments to reconcile net loss to net cash used in operating activities:    
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets  (13,468)
Deposit  (7,740)
Accounts payable  (16,845)
Accrued liabilities  31,941 
        Net Cash Used in Operating Activities  (378,508)
     
Cash Flows From Investing Activities    
Cash acquired in acquisition  126,843 
       Net Cash Provided by Investing Activities  126,843 
     
Cash Flows From Financing Activities    
Proceeds from issuance of common stock for cash  1,775,383 
Cash paid to acquire Treasury Stock  (377,250)
       Net Cash Provided by Financing Activities  1,398,133 
Effect of exchange rate changes on cash  (13,221)
     
Net Increase in Cash  1,133,247 
Cash at Beginning of Period  - 
Cash at End of Period $1,133,247 
     
Noncash Investing and Financing Information:    
Fair value of assets acquired $167,535 
Fair value of liabilities assumed  38,263 
Shares issued in reverse recapitalization  256,115 
     
Supplemental Disclosures of Cash Flow Information:    
Cash Paid for Interest $641 
Cash Paid for Taxes  - 
     
The accompanying notes are an integral part of these consolidated financial statements.

NEWBRIDGE GLOBAL VENTURES, INC. (FORMERLY KNOWN AS

NABUFIT GLOBAL, INC.) AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

 

 

 

 

 

 

 

 

 

For the Period

 

 

 

 

from Inception

 

 

For the Year

 

(June 26, 2015)

 

 

Ended

 

through

 

 

December 31,

 

December 31,

 

 

2016

 

2015

 

 

 

 

 

Net loss

 

$ (4,038,605)  

 

$ (372,396)  

Net loss from discontinued operations

 

(2,641,164)  

 

(307,631)  

Net loss from continuing operations

 

(1,397,441)  

 

(64,765)  

Adjustments to reconcile net loss to net cash used in operating activities:

 

 

 

 

Share-based compensation

 

353,420   

 

-   

Shares issued for services

 

820,407   

 

-   

Changes in operating assets and liabilities:

 

 

 

 

Prepaid expenses and other current assets

 

126,500   

 

(13,468)  

Deposit

 

-   

 

(7,740)  

Accounts payable

 

32,825   

 

(16,845)  

Accrued liabilities

 

61,367   

 

31,941   

Related party payables

 

4,733   

 

-   

Net Cash Used in Operating Activities - Continuing Operations

 

1,811   

 

(70,877)  

Net Cash Used in Operating Activities - Discontinued Operations

 

(2,877,855)  

 

(307,631)  

Net Cash Used in Operating Activities

 

(2,876,044)  

 

(378,508)  

 

 

 

 

 

Cash Flows From Investing Activities

 

 

 

 

Cash acquired in acquisition

 

-   

 

126,843   

Net Cash Provided by Investing Activities - Continuing Operations

 

-   

 

126,843   

Net Cash Provided by Investing Activities - Discontinued Operations

 

-   

 

-   

Net Cash Provided by Investing Activities

 

-   

 

126,843   

 

 

 

 

 

Cash Flows From Financing Activities

 

 

 

 

 Proceeds from issuance of common stock for cash

 

3,139,445   

 

1,775,383   

Cash paid to acquire Treasury Stock

 

-   

 

(377,250)  

Net Cash Provided by Financing Activities - Continuing Operations

 

3,139,445   

 

-   

Net Cash Provided by Financing Activities - Discontinued Operations

 

-   

 

1,398,133   

Net Cash Provided by Financing Activities

 

3,139,445   

 

1,398,133   

Effect of exchange rate changes on cash

 

5,978   

 

(13,221)  

 

 

 

 

 

Net Increase in Cash

 

269,379   

 

1,133,247   

Cash at Beginning of Period

 

1,133,247   

 

-   

Cash at End of Period

 

$ 1,402,626   

 

$ 1,133,247   

 

 

 

 

 

Noncash Investing and Financing Information:

 

 

 

 

Stock issued for prepaid expenses

 

$ 68,750   

 

$ -   

Fair value of assets acquired

 

-   

 

167,535   

Fair value of liabilities assumed

 

-   

 

38,263   

Shares issued in reverse recapitalization

 

-   

 

256,115   

 

 

 

 

 

Supplemental Disclosures of Cash Flow Information:

 

 

 

 

Cash Paid for Interest

 

$ 161   

 

$ 641   

Cash Paid for Taxes

 

-   

 

-   

 

 

 

 

 

See accompanying notes to the consolidated financial statements


F-6F-

6


NEWBRIDGE GLOBAL VENTURES, INC. (FORMERLY KNOWN AS

NABUFIT GLOBAL, INC.) AND SUBSIDIARY

SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE 1 — THE COMPANY AND BASIS OF PRESENTATION


Organization — The accompanying consolidated financial statements are presented in conformity with accounting principles generally accepted in the United States of America and include the operations and balances of NABUfitNewbridge Global Ventures, Inc. (formerly CryptoSign, Inc., StrategaBiz, Inc., Agricon(“Newbridge Global Corporation and BayHill Capital Corporation) ("NABUfit Global"Ventures”) and its wholly-owned subsidiary NABUfitsubsidiaries NABUFIT Global ApS ("NABUfit Denmark"(“NABUFIT Denmark”) a company organized in Denmark on June 26, 2015, NABUFIT China Limited (“NABUFIT China”) a company organized in Hong Kong on October 26, 2016, and NABUFIT IP ApS (“NABUFIT IP”) a company organized in Denmark on January 3, 2017 (collectively "NABUfit," "we"“Newbridge,” “we”, or "the Company"“the Company”).  NABUfitNewbridge Global Ventures was incorporated in May 1983 in the State of Colorado and re-incorporated in the State of Delaware in April 2008.  Effective June 20, 2014 the Company sold its prior subsidiary and became a shell company.  


On November 30, 2015, we consummated the transaction evidenced by an Agreement and Plan of Share Exchange (the "Share Exchange Agreement") dated October 8, 2015 by and among NABUfitNewbridge Global Ventures and NABUfitNABUFIT Denmark, pursuant to which NABUfitNewbridge Global Ventures acquired from the NABUfitNABUFIT Denmark shareholders ("NABUfit Shareholders"(“NABUFIT Shareholders”) all of the issued and outstanding equity interests of NABUfitNABUFIT Denmark in exchange for 15,500,000516,667 shares of NABUfitNewbridge Global Ventures (the "Share Exchange"“Share Exchange”).  As a result of the Share Exchange, the NABUfitNABUFIT Shareholders, as the former shareholders of NABUfitNABUFIT Denmark, became the controlling shareholders of the Company and NABUfitNABUFIT Denmark became a subsidiary of the Company.  The Share Exchange was accounted for as a reverse merger/recapitalization effected by a share exchange, wherein NABUfitNABUFIT Denmark is considered the acquirer for accounting and financial reporting purposes.  The capital, share price, and earnings per share amount in the consolidated financial statements for the period prior to the reverse merger were restated to reflect the recapitalization in accordance with the exchange ratio established in the merger.

As a result of the Share Exchange, we discontinued our pre-exchange business, acquired the business of NABUfitNABUFIT Denmark and will continue the existing business operations of NABUfitNABUFIT Denmark as a publicly traded company under the name "NABUfit“Newbridge Global Ventures, Inc."

In accordance with "reverse merger"“reverse merger” or "reverse acquisition"“reverse acquisition” accounting treatment, the historical financial statements of NABUfitNewbridge Global Ventures for periods ended prior to the Share Exchange have been replaced with the historical financial statements of NABUfitNABUFIT Denmark, and will be, in all future filings with the SEC.

Securities and Exchange Commission (“SEC”).

Nature of OperationsTheNewBridge is an early stage business which provides consulting services related to the legal medical cannabis production and distribution industries.  Prior to September 2017, the Company designs, manufacturesdesigned, manufactured and marketsmarketed the NABUfitNabufit virtual training and fitness products and services.  In September 2017, the Company sold its operating subsidiaries and the related business and as a result changed its business model.  

NewBridge is currently engaged in providing business consulting services to several companies in the medical marijuana and cannabis related industries.  These companies include an online education company providing education to healthcare professionals on medical cannabis and the endocannabinoid system, a state-of-the-art online fitness portal ("NABUfit" or,distribution company focused on delivering best in class hemp oil and medical marijuana products and a Wellness center delivering medical recommendations to patient and sales of CBD and hemp oil products.

In connection with such consulting agreements, the "Product")Company provides the following services:

Strategic advisory and services; 

Business services; 

Marketing services; 


F-7


Acquisition and development services; and 

Strategic partnership and consolidation services. 

NOTE 2 – GOING CONCERN

The accompanying consolidated financial statements have been prepared with the optionrecognition that there is considerable doubt about whether the Company can continue as a going concern.  As shown in the accompanying consolidated financial statements, the Company incurred a net loss of connecting existing$4,038,605 for the year ended December 31, 2016 and future monitoring devices (wearables, etc.)has an accumulated deficit of $4,411,001 at December 31, 2016.  The Company also used cash in operating activities of $2,876,044 during the year ended December 31, 2016.  At December 31, 2016, the Company had working capital of $1,610,309.  These factors raise substantial doubt about the Company’s ability to the Portal. The Product incorporates interactioncontinue as a going concern.

In order for us to continue as a going concern, we will need to obtain additional debt or equity financing. Weare regularly and input through Microsoft® Kinect®continually seeking additional funding from investors and other technologies and the option for personal data collection, coaching and teaching through mentor services.

Customers obtain accessfrom time to the Portal through the purchasetime we are in various stages of monthly or annual memberships and the downloadingnegotiations.  Nonetheless, to date we have not accomplished a financing of the software or mobile device application.  The Product provides custom designed training plans, diet plans and accesssize needed to mentors and coaching.
F-7

Through Microsoft® Kinect®,put the NABUfit technology collects data and measures each exercise relatively toCompany on a set standard and past performances.  Based on the data collection and registration in the Kinect® module the user will receive immediate feedback, e.g. as a percentage, a graphic or an emoticon depending on how well the exercise has been performed. This provides a unique qualitystable operating basis.There can be no assurance ensuring maximum effect of the training. The quick feedback will also reduce the risk of injuries and streamline time spent on training.  Users can access training data, statistics and results online or through mobile device applications.

Membership of the portalthat we will be divided into two levels – a basic membership and a VIP membership.  The difference between the levels of membershipable to secure additional debt or equity financing, that we will be primarily based upon the accessable to features andattain positive cash flow operations, or that, if we are successful in any of those actions, those actions will produce adequate cash flow to mentors.
The portal also offers a social forum for its users, where users can interact with like-minded members and train with them virtually. Some people will experience increased motivation by being partenable us to meet our future obligations. All of a group. The member can allow othersour existing financing arrangements are short-term. If we are unable to see allobtain additional debt or part of his profile. The personal profiles of the members canequity financing, we may be matched, so the portal will suggest network and training mates, and thereby helpingrequired to ensure the optimum composition. It will be possible to do real-time training with training mates by sharing the screen in a videoconference on the portal.

cease operations.

NOTE 23 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


Principles of Consolidation — The accompanying consolidated financial statements are presented in conformity with accounting principles generally accepted in the United States of America and include operations and balances of NABUfitNewbridge Global Ventures, Inc. (formerly CryptoSign, Inc.) and its wholly-owned subsidiary NABUfit Global, ApS, ("NABUfit Denmark").  NABUfitsubsidiaries NABUFIT Denmark is a Danish company organized June 26, 2015 in Denmark.and NABUFIT China.  Intercompany balances and transactions have been eliminated in consolidation.


Use of Estimates – The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 revenue and expenses during the reporting period.  Actual results could differ from those estimates.


Fair Value – The fair values of the Company'sCompany’s financial assets and liabilities approximate their carrying amounts at the reporting date.


Foreign Currency Transactions and Translations– The functional currency of NABUfitNABUFIT Denmark is the Danish Krone (DKK), while the functional currency of NABUfitNABUFIT China is the China Yuan Renminbi (CNY), and the functional currency of Newbridge Global Ventures and the reporting currency is U.S. dollars (USD).  The Company translates the assets and liabilities of NABUfitNABUFIT Denmark and NABUFIT China from the functional currency to U.S. dollars at the appropriate spot rates as of the balance sheet date. Equity balances are translated using historical exchange rates. Changes in the carrying value of these assets and liabilities attributable to fluctuations in spot rates are recognized in foreign currency translation adjustment, a component of accumulated other comprehensive income. Income statement accounts are translated using the average exchange rate during the period.

F-8


Monetary assets and liabilities denominated in a currency that is different from the functional currency must first be remeasured from the applicable currency to the functional currency. The effect of this remeasurement process is recognized translation adjustments in our statement of comprehensive loss.


The Company had no foreign currency transaction gains or losses during the period from June 26, 2015 (date of inception) through December 31, 2015.


2016.


F-8


Cash and Cash EquivalentsThe balance in cash and cash equivalents consists of cash reserves held in bank accounts. The Company maintains cash balances in bank accounts that, at times, exceed federally insured limits.  The Company has not experienced any losses in these accounts and believes it is not exposed to any significant risk with respect to cash. As of December 31, 2016 and 2015, cash deposits per bank statements exceeded the federally insured limits by $1,392,919 and $1,073,107, the balance of cash in the NABUfitNewbridge Global Ventures, ApS accounts.


Revenue Recognition– The Company recognizes revenue when persuasive evidence of an arrangement exists, performance of the service has occurred, the sales price charged is fixed or determinable, and collectability is reasonably assured.  Revenue is net of taxes and discounts and is recorded on an accrual basis.


Software Development Costs – The Company expenses software development costs until the Company has a working business model for the software.


Advertising Costs – Advertising costs are expensed as incurred. Advertising costs were $279,088 and $5,878 for the year ended December 31, 2016 and for the period ended December 31, 2015.


2015, respectively.

Income Taxes – The Company accounts for income taxes pursuant to Accounting Standards Codification (ASC) 740, Income Taxes, which requires the use of the asset and liability method of accounting for deferred income taxes.  We recognize deferred tax liabilities and assets based on the differences between the tax basis of assets and liabilities and their reported amounts in the financial statements that will result in taxable or deductible amounts in future years.


All allowances against deferred income tax assets are recorded in whole or in part, when it is more likely than not those deferred income tax assets will not be realized.  Deferred tax assets and liabilities are measured using enacted tax rates expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.


A valuation allowance is required to the extent it is more-likely-than-not that a deferred tax asset will not be realized. ASC 740 also requires reporting of taxes based on tax positions that meet a more-likely-than-not standard and are measured at the amount that is more-likely-than-not to be realized. Differences between financial and tax reporting which do not meet this threshold are required to be recorded as unrecognized tax benefits.


Basic and Diluted Loss Per Share – Basic loss per common share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted loss per common share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period giving effect to potentially dilutive common stock equivalents.  As of December 31, 2016 and 2015, the Company had no common stock equivalents outstanding.

F-9


New Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02,Leases (Topic 842) (“ASU 2016-02”).  ASU 2016-02 changes the accounting for leases.  In particular, lessees will recognize lease assets and lease liabilities for operating leases.  ASU 2016-02 is not effective until 2019. The Company does not expectis currently assessing the adoption of any recent accounting pronouncements to have a material impact on its financial statements.


reporting of implementing this guidance.

In November 2015, the FASB issued ASU No. 2015-17,Income Taxes (Topic 740) (“ASU 2015-17”).  ASU 2015-17 requires that all deferred income tax assets and liabilities be classified as non-current.  ASU 2015-17 is not effective until the 2017 fiscal year.  The Company is currently assessing the impact on its financial reporting of implementing this guidance.


F-9


In May 2014, the FASB issued ASU No. 2014-09,Revenue from Contracts with Customers ("ASU 2014-09"). ASU 2014-09 provides for a single, principles-based model for revenue recognition that replaces existing revenue recognition guidance. ASU 2014-09 is effective for the Company on January 1, 2018. It permits the use of either a retrospective or cumulative effect transition method and early adoption is not permitted. The Company has not yet selected a transition method and is in the process of evaluating the effect ASU 2014-09 will have on its consolidated financial statements and related disclosures.  During 2015, the FASB issued ASU No. 2015-14,Revenue from Contracts with Customers: Deferral of theEffective Date (“ASU 2015-14”), which deferred the date of ASU 2014-09 by one year.

NOTE 34 – LEASES


The

On December 1, 2015, the Company leasessigned a new lease on their office in Fredericia Denmark, which replaced the prior lease and allowed the Company to move to larger office space in two locations in Denmark(159 square meters) within the first spacesame building. The new rent is leased for 5,058 DKK ($739 at December 31, 2015 spot rate)13,184 per month.  There is no escalation clause.month ($1,900) and the security deposit increased to DKK 80,685 ($12,250).  The Companylease can terminate the leasebe terminated with a six months'month notice, but not before OctoberDecember 1, 2017.  Rent will increase annually on January 1 based on the consumer price index, with a minimum increase of 2% per year.  Effective March 1, 2016, the Company signed Appendix 1 to the Fredericia lease agreement moving the office to a 190 square meter office located on the first floor of the building.  The lease start date was September 16, 2015.rent and security deposit were not changed by the Appendix.  Once the Company utilizes the additional 31 square meters, the rent will increase proportionately.  

The Company also leased some office space for approximately $875 per month on a month-to-month contract. The Company paid a deposit of 30,438 DKK ($4,573).  The second space is leased for 6,000 DKK ($877 at December 31, 2015 spot rate) per month.  Contract is month-to-month.  The Company paid a deposit of 6,000 DKK ($877)approximately $900 in December 2015.  Monthly rent started in January 2016 and ended in March 2016.


On September 30, 2015, the Company assumed the short-term auto lease of a member of management that ended January 8, 2016.  Monthly payments are 2,975 DKK ($435 at December 31, 2015 spot rate)were approximately $435 and the deposit was 15,983 DKK ($2,409).$2,400.  The Company renewed the auto lease for an additional twelve months, through January 7, 2017 at 2,371 DKK ($346)$350 per month.


 Actual payments are in the functional currency.

As of December 31, 2015,2016, total lease deposits were $7,646.approximately $12,250.  Rent expense was $39,727 and $4,826 for year ended December 31, 2016 and for the period ended December 31, 2015.2015, respectively.  Minimum annual lease payments are $7,085,approximately $23,000, which are all due within one year.


NOTE 45 – ACCRUED LIABILITIES

As of December 31, 2016 and 2015, the Company had accrued liabilities of $2,304,938 and $33,706, respectively. The accrued liabilities as of December 31, 2016 consist mainly of $2,115,890 due over the next 24 months on the Neymar contract (see Note 9).

NOTE 6 – LINE-OF-CREDIT


On September 15, 2015, the Company entered into a 600,000 DKK (approximately $90,000) line-of-credit agreement with a bank.  The agreement bears interest at a variable rate of 6.021%, which is renegotiated annually on June 1.  The line of credit is unsecured.  Default interest rate of 19% goes into effect from the first late payment and is calculated on the balance of the outstanding debt.  During the period,2016 and 2015 the Company utilized the full credit line but then paid it down to zero on October 12, 2015.by year end both years.  The Company paid $138 and $650 in interest during the year ended December 31, 2016 and during the period ended December 31, 2015.


2015, respectively.  

NOTE 57 – SHAREHOLDERS'SHAREHOLDERS’ EQUITY


We have authorized capital stock consisting of 100,000,000 shares of $0.0001 par value common stock and 400,000 shares of $0.0001 par value preferred stock. As of December 31, 2015,2016, we had 19,437,236854,338 shares of common stock issued and outstanding, and no shares of preferred stock issued and outstanding.


Prior to the reverse merger, in June 2015, as part of the initial capitalization, NABUfit Global, ApS issued 50,000 shares (15,500,000 post recapitalization) of $0.1507 par value common stock for $7,535 of cash.  On October 8, 2015, NABUfit Global, ApS repurchased 1,432 (443,920 post recapitalization) shares of common stock for $377,250, effectively buying out one shareholder. NABUfit Global, ApS then issued 946 (293,260 post recapitalization) shares to new investors and 486 (150,660 post recapitalization) ratably to prior shareholders for $1,794,953.


F-10F-

10



On November 30, 2015, the Company consummated the transaction evidenced by the agreement and plan of share exchange dated October 8, 2015 pursuant to which NABUfitNewbridge Global Ventures, Inc. issued 15,500,000516,667 common shares of the Company in exchange for the 50,0001,667 issued and outstanding capital stock of NABUfitNABUFIT Global, ApS.  The net result of this reverse merger transaction was an increase in common shares of 19,387,236646,242 for $248,580.  The 19,387,236646,242 consists of 15,500,000516,667 new shares issued, plus 3,937,236131,242 shares that were issued to prior shareholders of NABUfitNewbridge Global Ventures, Inc. that came over as part of the reverse merger, less the 50,0001,667 shares that the Company gave up in exchange.  The reverse merger effectively changed the Company'sCompany’s capital structure from 50,000 common shares, $0.1507 par value, to 19,437,236647,908 common shares, $0.0001 par value.


Stock Issued for Cash

On July 15, 2016, the Company announced the closing of the sale of 50,135 shares of its common stock for $1,383,726 or $27.60 per share. The sale of the Shares was registered pursuant to the Registration Statement on Form S-1 (File No. 333-210325) declared effective on June 13, 2016 and was made pursuant to subscription agreements dated on or about June 29, 2016.

During September 2016, the Company issued 11,934 shares of common stock to investors and service providers at $27.60 per share for a total of $329,373.  Rounded for partial shares as a result of the 1 for 30 stock split.

On December 21, 2016, the Company issued 95,091 shares of common stock to various parties at $15.00 per share for a total of $1,426,346.  Rounded for partial shares as a result of the 1 for 30 stock split.  The sale of the Shares was registered pursuant to the Registration Statement on Form S-1 (File No. 333-210325) declared effective on June 13, 2016.  

Stock was issued for cash of $3,139,445 and $1,426,670 for the year ended December 31, 2016 and for the period from inception (June 26, 2015) through December 31, 2015, respectively.

Stock Issued for Services

Between August 18, 2016 and September 26, 2016, the Company issued 13,355 shares of common stock to investors and service providers at $27.60 per share for a total of $368,600. ��Rounded for partial shares as a result of the 1 for 30 stock split.  The services have been classified as investor relations expense.  

Effective September 30 2016, the Company issued 13,961 shares of common stock to NR Sports in connection to the Neymar contract.  The shares were valued at $27.60 per share, which was the market price of the stock on the effective issuance date.  Rounded for partial shares as a result of the 1 for 30 stock split. The expense of $385,361 was recorded as marketing expense.

On December 14, 2016, the Company issued 2,408 shares of common stock to third parties.  The shares were valued at $21.88 per share, which was the market price of the stock on the issuance date.  Rounded for partial shares as a result of the 1 for 30 stock split.  The expense of $52,696 was recorded as consulting expense.

During December 2016, the Company issued 5,000 shares of common stock to a service provider at $16.50 per share for a total of $82,500, which was expensed as investor relations.  

Total stock issued for services was $889,157 and $0 for the years ended December 31, 2016 and for the period from inception (June 26, 2015) through December 31, 2015, respectively.

Stock Issued for Share-Based Compensation


F-11


On September 30, 2015, the Company issued 1,000 shares of its common stock to two outside directors: Soren Jonassen and Ole Sigetty for their services through June 30, 2016. The shares issued were valued at $120.00 per share for a total of $240,000, which was the market price of the stock on the issuance date. Of the total amount $80,000 was expensed prior to the reverse merger and $20,000 was recorded as share-based compensation for the period from November 30, 2015 through December 31, 2015; the balance of $120,000 was recorded as a share-based compensation ratably over the first six months of 2016.

On July 1, 2016, the Company entered into a management agreement with Brian Mertz.  Pursuant to the agreement, the Company agreed to issue 8,334 shares of common stock as partial compensation for the six-month period ending December 31, 2016.  The Company issued 8,334 shares and recognized share-based compensation of $206,252 for the year ended December 31, 2016.  

On August 24, 2016, the Board of Directors approved share-based compensation for the twelve month period ending June 30, 2017 for the directors, chairman and secretary and also approved payments for services to Soren Jonassen and Ole Sigetty.  For the twelve month period, the directors receive 725 shares ($20,000), the chairman receives 1,087 shares ($30,000), and the secretary receives 272 shares ($7,500).  In addition, the Board approved payments for services to Soren Jonassen and Ole Sigetty for the twelve month period ending June 30, 2017 of 1,034 shares ($28,520) and 2,138 shares ($59,000), respectively.  For year ended December 31, 2016, the total share-based compensation recognized pursuant to these agreements was $91,925.

On December 14, 2016, the Company issued 2,000 shares at $21.90 per share to 10 employees.  The expense of $43,800 was recognized in December 2016.  The Company also issued 500 shares to one employee based on a six-month employment agreement that began September 1, 2016 of which $11,444 was expensed during the year ended December 31, 2016, after foreign exchange translation adjustments.

Total share-based compensation of $473,420 and $20,000 was recorded for the year ended December 31, 2016 and for the period from inception (June 26, 2015) to December 31, 2015, respectively.As of December 31, 2016, the Company had $84,990 of unrecognized share-based compensation that was expensed over the first six months of 2017.

NOTE 68 – RELATED PARTY TRANSACTIONS


As discussed in Note 3, the Company assumed the auto lease of its former CEO on September 30, 2015.


As of December 31, 2016 and 2015, the Company had a related party payable of $30,183 and $0 to its CEO for expenses related to the operation of the business.  This payable is on demand with no interest.

NOTE 79 – SHARE-BASED COMPENSATION


OnMARKETING AGREEMENTS

The Company signs marketing agreements with professional trainers and athletes to help promote the Company’s products and services.  Effective September 1, 2016, the Company entered into a three-year marketing agreement with Neymar Jr, a professional soccer player out of Brazil.  Under the marketing agreement, the Company is required to pay 2,500,000 EUR (approximately $2,715,000 USD) in semiannual payments of 500,000 EUR (approximately $543,000) plus 2% royalty payments.  The Company also agreed to issue 13,961 shares to Neymar Jr. during the contract period.  The Company recorded the full amount of the agreement, including the issuance of shares, during the quarter ended September 30, 2015 NABUfit Global issued 30,000 shares2016. As of its common stock toDecember 31, 2016, the Company amortized approximately $411,000 and had a remaining prepaid of approximately $2,336,000.

During November 2016, the Company commenced a three-year agreement with Mo Farah, a world-class runner, that required payments of $50,000 in year one and $100,000 in years two outside directors: Soren Jonassen and Ole Sigetty for their services through June 30, 2016. The shares issued were valued at $4.00 per sharethree, for a total of $240,000, which was the market price of the stock on the issuance date. Of the total amount $80,000$250,000.  Approximately $8,300 was expensed prior to the reverse merger and $20,000during 2016.

Total marketing expense from athlete contracts was recorded as share-based compensationapproximately $419,000 for the period from November 30, 2015 throughyear ended December 31, 2015; the balance of $120,000 is recorded as a prepaid expense to be amortized ratably over the subsequent two quarters.


2016.


F-12


NOTE 810 – INCOME TAXES


Operating loss for the year ended December 31, 2016 was $4,038,582, of which $2,644,723 related to foreign operations.  Operating loss for the period from June 26, 2015 (date of inception) through December 31, 2015 was $371,746, of which $306,981 related to foreign operations.


As of December 31, 2016 the Company had $646,910 of net operating loss carry forwards related to its operations in Denmark, which do not expire and $1,704,789 of net operating loss carryforwards relating to its USA operations, which are comprised of $4,447,829 of U.S. federal and $5,834,170 state net operating losses, respectively, which begin to expire in 2032 if unused.  As of December 31, 2015 the Company had $66,016 of net operating loss carry forwards related to its operations in Denmark, which do not expire and $1,184,880 of net operating loss carryforwards relating to its USA operations, which are comprised of $3,053,970 of U.S. federal and $4,440,311 state net operating losses, respectively, which begin to expire in 2032 if unused.


A change in our ownership of more than 50% occurred during the period ended December 31, 2015 triggering certain utilization limitations under Section 382 of the Internal Revenue Code of 1986, as amended, and other limitations under state tax laws.  As a result, the provisions of Section 382 caused net operating losses under state tax laws of $1,274,626 to become permanently restricted.


The temporary differences and carry forwards which give rise to the deferred income tax assets for the year ended December 31, 2016 and for the period from June 26, 2015 (date of inception) through December 31, 2015 are as follows:


Net operating loss carry forwards $1,250,896 
Valuation allowance  (1,250,896)
Net long-term deferred tax asset $- 
F-11

 

 

2016

 

2015

Net operating loss carry forwards

 

$1,704,789  

 

$1,250,896  

Valuation allowance

 

(1,704,789) 

 

(1,250,896) 

Net long-term deferred tax asset

 

$ 

 

$ 

A reconciliation of income taxes at the federal statutory rate to actual income tax expense for the year ended December 31, 2016 and for the period from June 26, 2015 (date of inception) through December 31, 2015 is as follows:


Income tax benefit at the statutory rate $(89,699)
State income taxes, net of federal benefit  (2,237)
Change in valuation allowance  87,572 
Change in net operating loss carry forwards  66 
Other  4,298 
Income tax expense (benefit) $- 


 

 

2016

 

2015

Income tax benefit at the statutory rate

 

$(1,373,126) 

 

$(89,699) 

State income taxes, net of federal benefit

 

(45,998) 

 

(2,237) 

Foreign rate differential

 

316,851  

 

 

Change in valuation allowance

 

1,100,803  

 

87,572  

Change in net operating loss carry forwards

 

 

 

66  

Other

 

1,470  

 

4,298  

Income tax expense

 

$ 

 

$ 

NOTE 11 – SUBSEQUENT EVENT

Effective June 27, 2017, the Company filed an Amended and Restated Certificate of Incorporation (“Restated Certificate”) with the Delaware Secretary of State whereby the Company effected a reverse stock split to reduce the number of shares of outstanding common stock at a rate of 1 share for every 30 shares of common stock then outstanding (“Reverse Split”).  The approval of the Restated Certificate was approved by written consent of holders of a majority of the Company’s common stock.  Each stockholder


F-12F-

13


owning fewer than 30 shares of common stock immediately before the effective time of the Reverse Stock Split received from the Company $0.10 in cash, without interest, for each of such shares of common stock; and (b) each stockholder owning of record 30 or more shares of common stock immediately before the effective time of the Reverse Split held, after the Reverse Split, the number of shares of common stock equal to 1/30th of the number held prior to the Reverse Split.  On June 28, 2017 the Company filed with the Securities and Exchange Commission, and the Company’s stockholders were furnished with a Definitive Information Statement filed on Schedule 14(c) to advise the stockholders of the corporate actions.  All share and per-share amounts included in these financial statements have been restated to reflect the 1 for 30 reverse stock split.

On October 13, 2017, the Company paid $75,038 to the holder of the convertible promissory note dated May 9, 2017 to settle the outstanding principal and interest.  The payment included a prepayment penalty of $11,876.

On October 11, 2017, Brian Mertz resigned as the Company’s Chief Executive Officer. The resignation was not related to any disagreements with the Company on any matter relating to its operations, policies, practices or any issues regarding financial disclosures, accounting or legal matters.

On October 18, 2017, the Board appointed Mark Mersman as the Company’s Chief Executive Officer and Chief Information Officer and Scott Cox as the Company’s President and Chief Operating Officer.   Pursuant to that appointment, the Company agreed to issue each of Mr. Mersman and Mr. Cox 100,000 shares of the Company’s Common Stock as a signing bonus with the ability to earn additional shares upon meeting certain performance milestones pursuant to their Employment Agreements.

The Incentive Plan was approved by the Company Board on October 18, 2017 and by a majority of the Company stockholders on October 19, 2017. The Incentive Plan permits Company to grant “Awards,” that may consist of stock options, the grant or sale of restricted stock (“Restricted Stock”), stock appreciation rights (“SARs”), or hypothetical units issued with reference to Company common stock (“Restricted Stock Units”), for up to 4,000,000 shares of Company common stock. Awards may be granted under the Incentive Plan to employees, directors, and consultants of Company and its subsidiaries, including also subsidiaries that Company may form or acquire in the future. The Incentive Plan will be administered by the Company Board or by a committee authorized by the Company Board (the “Committee”), which will make all determinations with regard to the grant and terms of Awards, subject to the terms of the Incentive Plan.

Effective October 18, 2017, Directors Mads H. Fredericksen, Jorgen Buhl Rasmussen, Kristoffer Ewald and Allan J. Vestergaard resigned from the Board of Directors.  The resignations were not related to any disagreements with the Company on any matter relating to its operations, policies, practices or any issues regarding financial disclosures, accounting or legal matters.

On October 18, 2017, the shareholders holding a majority of the issued and outstanding shares of the Company’s common stock elected Ole Sigetty, Brian Palm Svaneeng Mertz, Mark Mersman, Scott Cox and Benjamin Esque as Directors of the Company, to serve until his respective successor is duly elected and qualified or his earlier resignation, death or removal by the stockholders of the Company.  Ole Sigetty and Brian Mertz have previously served as officers and directors of the Company.

On October 18, 2017, the shareholders holding a majority of the Company’s issued and outstanding shares of common stock approved an amendment to the Company’s Amended and Restated Certificate of Incorporation to change the name of the Company to “NewBridge Global Ventures, Inc.” (“Amendment”).   The Amendment will be effective on the date which is 20 days after notice is provided to the shareholders of the Company, or about November 21, 2017.  The Company’s symbol was changed effective December 12, 2017 to “NBGV”.

On November 10, 2017, the Company entered into an assignment agreement with Mustang Capital, LLC (“Mustang”) whereby Mustang has assigned all beneficial interest into an existing Management Consulting Agreement with Elevated Portfolio Holdings, LLC.  Mustang is controlled by Mark Mersman, CEO.


F-14


NOTE 12 – DISCONTINUED OPERATIONS

Effective August 31, 2017, the Company entered into an Agreement on Transfer of Shares (“Transfer Agreement”) with NABUfit Finance ApS, a Danish company (“Buyer”) wherein the Company agreed to sell to Buyer and Buyer agreed to purchase from the Company all of the issued and outstanding shares owned by the Company in its three wholly owned subsidiaries, NABUFIT Denmark, NABUFIT IP and NABUFIT China (the “Subsidiaries”).  The purchase price paid by Buyer for the Subsidiaries was DKK 250,000 (USD $40,000), plus possible additional consideration of up to DKK 350,000 ($56,000) in payments related to tax refunds due to the Subsidiaries in the fourth quarter of 2017.

The operating results of NABUFIT Denmark have been classified as discontinued operations for all periods presented.  NABUFIT China and NABUFIT IP were newly formed entities with no operations to report.  The following are the key components of the sale and discontinued operations:

NABUFIT GLOBAL, INC.
CONDENSED FINANCIAL STATEMENTS
MARCH 31, 2016

Sales price

$40,000 

Expected tax refund

Page

56,000 

Carrying value of disposed business, net write off of intercompany receivable

(44,629) 

Expenses related to the sale

(1,135)

Loss on sale before write-off of foreign currency translation adjustments

50,236 

Write-off of foreign currency translation adjustments recorded in other comprehensive income

(40,370)

Gain on sale of subsidiary

9,866 

Discontinued operations year-to-date

(1,938,134)

Loss on sale of discontinued operations

$ (1,928,268)

The account classifications that make up the discontinued operations as of December 31, 2016 and 2015, on the balance sheet, are shown below:

 

 

 

 

12/31/2016

12/31/2015

Assets

 

 

Cash

$ 1,392,919

$ 1,073,107

Prepaids

2,684,832

13,843

VAT receivable

35,283

29,096

Deposits

14,528

7,646

Current asset of discontinued operations

4,127,562

1,123,692

 

 

 

Liabilities

 

 

Accounts payable

(227,091)

(14,909)

Accrued liabilities

(2,241,419)

(31,554)

Related party payables

(25,450)

-

Current liabilities of discontinued operations

$ (2,493,960)

$ (46,463)


F-15


The account classifications that make up the discontinued operations for the year ended December 31, 2016 and for the period from inception (June 26, 2015) through December 31, 2015, on the statement of operations, are shown below:

 

For the Year

Ended

For the Period from Inception (June 26, 2015) through

 

12/31/2016

12/31/2015

 

 

 

Selling, general and administrative

$  2,309,437

$ 274,433

Contracts with athletes

373,366

-

Other

(41,640)

33,198

Net loss from discontinued operations

$  2,641,163

$ 307,631


F-16


NEWBRIDGE GLOBAL VENTURES, INC.

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2017

(Unaudited)

Page

Condensed Consolidated Balance Sheets as of

 March 31, 2016

  September 30, 2017 (Unaudited) and December 31, 20152016

F-14

F-2

Condensed Consolidated Statement of Operations (Unaudited)and Comprehensive

Income  (Loss) for the three and nine months ended September 30, 2017 and 2016 (Unaudited)

F-3

 three months ended March 31, 2016 and 2015

F-15

Condensed Consolidated Statement of Cash Flows (Unaudited) for the nine months

 three months

ended March 31,September 30, 2017 and 2016 and 2015(Unaudited)

F-16

F-4

Notes to Condensed Consolidated Financial Statements

F-17

F-5


NEWBRIDGE GLOBAL VENTURES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

 

 

 

 

 

 

 

September 30,

 

December 31,

 

 

2017

 

2016

 

 

(Unaudited)

 

 

ASSETS

 

 

 

 

Current Assets

 

 

 

 

Cash

 

$31,594  

 

$9,707  

Prepaid expenses and other current assets

 

315,331  

 

72,250  

Current assets of discontinued operations

 

 

 

4,127,562  

Total current assets

 

346,925  

 

4,209,519  

 

 

 

 

 

Total Assets

 

$346,925  

 

$4,209,519  

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS' EQUITY

 

 

 

 

Current Liabilities

 

 

 

 

Accounts payable

 

$75,174  

 

$36,998  

Accrued liabilities

 

27,752  

 

63,519  

Related party payables

 

5,450  

 

4,733  

Convertible notes payable net of debt discount

 

32,320  

 

 

Derivative liabilities

 

39,519  

 

 

Current liabilities of discontinued operations

 

 

 

2,493,960  

Total current liabilities

 

180,215  

 

2,599,210  

 

 

 

 

 

Total Liabilities

 

$180,215  

 

$2,599,210  

 

 

 

 

 

Commitments and Contingencies

 

 

 

 

 

 

 

 

 

STOCKHOLDERS'  EQUITY

 

 

 

 

Preferred stock, $.0001 par value, 400,000 shares authorized; no shares

 

 

 

 

issued and outstanding

 

 

 

 

Common stock $.0001 par value, 100,000,000 shares authorized;

 

 

 

 

3,359,200 and 854,338 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively.

 

336  

 

85  

Additional paid-in capital

 

7,945,990  

 

6,055,755  

Accumulated deficit

 

(7,779,616) 

 

(4,411,001) 

Accumulated other comprehensive loss

 

 

 

(34,530) 

Total stockholders' equity

 

166,710  

 

1,610,309  

 

 

 

 

 

Total Liabilities and Stockholders' Equity

 

$346,925  

 

$4,209,519  

 

 

 

 

 

 

 

 

 

 

See accompanying notes to the condensed consolidated financial statements


F-13F-

2



 
NABUFIT GLOBAL, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED BALANCE SHEETS
       
  March 31,  December 31, 
  2016  2015 
  (Unaudited)    
ASSETS      
Current Assets      
Cash $676,878  $1,133,247 
Prepaid expenses and other current assets  117,770   172,939 
Deposits  61,353   7,646 
Total current assets  856,001   1,313,832 
         
Total Assets $856,001  $1,313,832 
         
LIABILITIES AND STOCKHOLDERS' EQUITY        
Current Liabilities        
Accounts payable $31,303  $19,082 
Accrued liabilities  59,130   33,706 
Total current liabilities  90,433   52,788 
         
Total Liabilities $90,433  $52,788 
         
Commitments and Contengiencies  -   - 
STOCKHOLDERS'  EQUITY        
Preferred stock, $.0001 par value, 400,000 shares authorized; no shares 
issued and outstanding  -   - 
Common stock $.0001 par value, 100,000,000 shares authorized;     
19,437,236 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively.  1,944   1,944 
Additional paid-in capital  1,671,874   1,671,874 
Accumulated deficit  (900,124)  (372,396)
Accumulated other comprehensive loss  (8,126)  (40,378)
Total stockholders' equity  765,568   1,261,044 
         
Total Liabilities and Stockholders' Equity $856,001  $1,313,832 
         

See accompanying notes to the condensed consolidated financial statements.

NEWBRIDGE GLOBAL VENTURES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

AND COMPREHENSIVE LOSS

(Unaudited)

 

 

For the Three Months Ended

 

For the Nine Months Ended

 

September 30,

 

September 30,

 

2017

 

2016

 

2017

 

2016

 

 

 

 

 

 

 

 

Revenue

$ 

 

$ 

 

$ 

 

$ 

 

 

 

 

 

 

 

 

Operating Expenses:

 

 

 

 

 

 

 

Selling, general and administrative

254,960  

 

404,954  

 

864,547  

 

747,035  

        Total Operating Expenses

254,960  

 

404,954  

 

864,547  

 

747,035  

 

 

 

 

 

 

 

 

Loss from Operations

(254,960) 

 

(404,954) 

 

(864,547) 

 

(747,035) 

 

 

 

 

 

 

 

 

Other Income (Expense):

 

 

 

 

 

 

 

Interest expense

(89,190) 

 

 

 

(199,962) 

 

 

Loss on debt settlement

(416,809) 

 

 

 

(416,809) 

 

 

Gain on derivative

21,907  

 

 

 

40,972  

 

 

Total Other Income (Expense)

(484,092) 

 

 

 

(575,799) 

 

 

 

 

 

 

 

 

 

 

Net loss from continuing operations

(739,052) 

 

(404,954) 

 

(1,440,346) 

 

(747,035) 

Discontinued operations

 

 

 

 

 

 

 

Gain on sale of subsidiary

9,866  

 

 

 

9,866  

 

 

Discontinued operations year-to-date

(375,309) 

 

(598,429) 

 

(1,938,134) 

 

(1,594,978) 

Net loss from discontinued operations

(365,443) 

 

(598,429) 

 

(1,928,268) 

 

(1,594,978) 

 

 

 

 

 

 

 

 

Net Loss

$(1,104,495) 

 

$(1,003,383) 

 

$(3,368,614) 

 

$(2,342,013) 

 

 

 

 

 

 

 

 

Net loss per common share - basic and diluted:

 

 

 

 

 

 

 

Continuing operations

(0.70) 

 

(0.57) 

 

(1.50) 

 

(1.12) 

Discontinued operations

(0.35) 

 

(0.85) 

 

(2.01) 

 

(2.40) 

Total

$(1.05) 

 

$(1.42) 

 

$(3.51) 

 

$(3.52) 

 

 

 

 

 

 

 

 

Weighted average common shares

 

 

 

 

 

 

 

outstanding - basic and diluted

1,051,253  

 

706,955  

 

959,244  

 

665,208  

 

 

 

 

 

 

 

 

Comprehensive Loss:

 

 

 

 

 

 

 

Net Loss

$(1,104,495) 

 

$(1,003,383) 

 

$(3,368,614) 

 

$(2,342,013) 

 

 

 

 

 

 

 

 

Other Comprehensive Income

 

 

 

 

 

 

 

Translation adjustments

(25,577) 

 

12,144  

 

34,530  

 

39,650  

Total Comprehensive Loss

$(1,130,072) 

 

$(991,239) 

 

$(3,334,084) 

 

$(2,302,363) 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

See accompanying notes to the condensed consolidated financial statements


F-14F-

3



NABUFIT GLOBAL, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS 
FOR THE THREE MONTHS ENDED MARCH 31, 2016 (UNAUDITED) 
    
Operating Expenses:   
Selling, general and administrative $527,846 
         Total Operating Expenses  527,846 
     
Loss from Operations  (527,846)
Interest income  135 
Interest expense  (17)
     
Net Loss $(527,728)
     
Net loss per common share - basic and diluted $(0.03)
     
Weighted average common shares    
outstanding - basic and diluted  19,437,236 
     
Comprehensive Loss:    
Net Loss $(527,728)
     
Other Comprehensive Loss    
Translation adjustments  32,252 
Total Comprehensive Loss $(495,476)
See accompanying notes to the condensed consolidated financial statements.


NEWBRIDGE GLOBAL VENTURES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

 

 

 

 

 

 

 

 

 

For the Nine Months Ended

 

 

 

September 30,

 

 

 

2017

 

2016

 

 

 

 

 

 

Net loss

 

 

$(3,368,614) 

 

$(2,342,013) 

Net loss from discontinued operations

 

 

(1,928,268) 

 

(1,594,978) 

Net loss from continuing operations

 

 

(1,440,346) 

 

(747,035) 

Adjustments to reconcile net loss to net cash used in operating activities:

 

 

 

 

 

Share-based compensation

 

 

81,339  

 

 

Shares issued for services

 

 

158,721  

 

613,675  

Amorization of debt discount

 

 

167,281  

 

 

Gain on derivative

 

 

(40,972) 

 

 

Loss on debt settlement

 

 

416,809  

 

 

Foreign currency transaction loss

 

 

24,353  

 

 

Changes in operating assets and liabilities:

 

 

 

 

 

Prepaid expenses and other current assets

 

 

(243,081) 

 

120,000  

Accounts payable

 

 

38,893  

 

30,060  

Accrued liabilities

 

 

(35,767) 

 

3,000  

Net Cash Used in Operating Activities - Continuing Operations

 

 

(872,770) 

 

19,700  

Net Cash Used in Operating Activities - Discontinued Operations

 

 

(1,659,022) 

 

(2,210,690) 

Net Cash Used in Operating Activities

 

 

(2,531,792) 

 

(2,190,990) 

 

 

 

 

 

 

Cash Flows From Financing Activities

 

 

 

 

 

Proceeds from issuance of common stock for cash

 

 

559,752  

 

1,433,726  

 Proceeds from issuance of convertible notes payable

 

 

595,040  

 

 

Net Cash Provided by Financing Activities - Continuing Operations

 

 

1,154,792  

 

1,433,726  

Net Cash Provided by Financing Activities - Discontinued Operations

 

 

 

 

 

Net Cash Provided by Financing Activities

 

 

1,154,792  

 

1,433,726  

Effect of exchange rate changes on cash

 

 

5,968  

 

37,089  

 

 

 

 

 

 

Net Decrease in Cash

 

 

(1,371,032) 

 

(720,175) 

Cash at Beginning of Period

 

 

1,402,626  

 

1,133,247  

Cash at End of Period

 

 

$31,594  

 

$413,072  

 

 

 

 

 

 

Noncash Investing and Financing Information:

 

 

 

 

 

Beneficial conversion features on convertible debt

 

 

$87,686  

 

$ 

Derivative liabilities on convertible debt

 

 

107,334  

 

 

Conversion of notes payable to common stock

 

 

559,334  

 

 

Settlement of derivative liability

 

 

26,843  

 

 

Shares of common stock issued for subscriptions

 

 

 

 

514,571  

Stock issued for prepaid expenses

 

 

 

 

73,600  

 

 

 

 

 

 

Supplemental Disclosures of Cash Flow Information:

 

 

 

 

 

Cash Paid for Interest

 

 

$ 

 

$ 

Cash Paid for Taxes

 

 

 

 

 

 

 

 

 

 

 

See accompanying notes to the condensed consolidated financial statements


F-15F-

4



NABUFIT GLOBAL, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE THREE MONTHS ENDED MARCH 31, 2016 (UNAUDITED)
    
Net loss $(527,728)
Adjustments to reconcile net loss to net cash used in operating activities:    
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets  85,772 
Deposit  (53,380)
Accounts payable  11,580 
Accrued liabilities  (4,689)
        Net Cash Used in Operating Activities  (488,445)
     
Effect of exchange rate changes on cash  32,076 
     
Net Decrease in Cash  (456,369)
Cash at Beginning of Period  1,133,247 
Cash at End of Period $676,878 
     
Supplemental Disclosures of Cash Flow Information:    
Cash Paid for Interest $17 
Cash Paid for Taxes  - 

See accompanying notes to the condensed consolidated financial statements.
F-16

NABUFIT

NEWBRIDGE GLOBAL VENTURES, INC. AND SUBSIDIARY

SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)


NOTE 1 — THE COMPANY AND BASIS OF PRESENTATION


Financial Statement PresentationThe accompanying condensed consolidated financial statements for NABUfitNewbridge Global Ventures, Inc. ( "NABUfit Global"(“Newbridge Global Ventures”) and its wholly-owned subsidiary NABUfitsubsidiaries NABUFIT Global ApS ("NABUfit Denmark"(“NABUFIT Denmark”), NABUFIT China Limited (“NABUFIT China”) and NABUFIT IP ApS (“NABUFIT IP”) (collectively "NABUfit," "we"“Newbridge,” “we”, or "the Company"“the Company”) are presented in conformity with accounting principles generally accepted in the United States of America.

Nature of OperationsTheEffective August 30, 2017, the Company designs, manufacturesentered into an Agreement on Transfer of Shares (“Transfer Agreement”) whereby it sold all of the interest held in its operating subsidiaries NABUFIT Denmark, NABUFIT China, and marketsNABUFIT IP (“Operating Subsidiaries”) and consequently ceased its prior operations (“Operations Sale”).  See Note 4 – discontinued operations.  Prior to the NABUfitOperations Sale, the Company, through its Operating Subsidiaries designed, manufactured and marketed the NABUFIT virtual training and fitness products and services (“NABUFIT Products”).  After completion of the Operations Sale, all of the Company’s equity in the Operating Subsidiaries were transferred and all of its interests in the NABUFIT Product and the associated technology and intellectual property ceased.

Following the Operations Sale, the Company commenced providing business consulting services to several companies in the medical marijuana and cannabis related industries.  These companies include an online company which provides education to healthcare professionals regarding medical cannabis and the endocannabinoid system, a state-of-the-art online fitness portal ("NABUfit" or,distribution company focused on delivering best in class hemp oil and medical marijuana products and a wellness center delivering medical recommendations to patient and sales of CBD and hemp oil products.

In connection with such consulting agreements, the "Product"Company will provide the following services:

·Strategic advisory and services; 

·Business services; 

·Marketing services; 

·Acquisition and development services; and 

·Strategic partnership and consolidation services. 

Reverse Stock Split

Effective June 27, 2017, the Company filed an Amended and Restated Certificate of Incorporation (“Restated Certificate”) with the optionDelaware Secretary of connecting existingState whereby the Company effected a reverse stock split to reduce the number of shares of outstanding common stock at a rate of 1 share for every 30 shares of common stock then outstanding (“Reverse Split”).  The approval of the Restated Certificate was approved by written consent of holders of a majority of the Company’s common stock.  Each stockholder owning fewer than 30 shares of common stock immediately before the effective time of the Reverse Stock Split received from the Company $0.10 in cash, without interest, for each of such shares of common stock; and future monitoring devices (wearables, etc.)(b) each stockholder owning of record 30 or more shares of common stock immediately before the effective time of the Reverse Split held, after the Reverse Split, the number of shares of common stock equal to 1/30th of the number held prior to the portal. The Product incorporates interactionReverse Split.  On June 28, 2017 the Company filed with the Securities and input through Microsoft® Kinect® and other technologiesExchange Commission (“SEC”), and the option for personal data collection, coaching and teaching through mentor services.

Customers obtain accessCompany’s stockholders were furnished with a Definitive Information Statement filed on Schedule 14(c) to advise the Product portal through the purchase of monthly or annual memberships and the downloadingstockholders of the software or mobile device application.  corporate actions.  All share and per-share amounts included in this report have been restated to reflect the 1 for 30 reverse stock split.


F-5


NOTE 2 – GOING CONCERN

The Product provides custom designed training plans, diet plans and access to mentors and coaching.

Through Microsoft® Kinect®,accompanying consolidated financial statements have been prepared with the NABUfit technology collects data and measures each exercise relatively torecognition that there is considerable doubt about whether the Company can continue as a set standard and past performances.  Based on the data collection and registrationgoing concern.  As shown in the Kinect® moduleaccompanying condensed consolidated financial statements, the user will receive immediate feedback, e.g.Company incurred a net loss of $3,368,614 for the nine months ended September 30, 2017 and has an accumulated deficit of $7,779,616 at September 30, 2017.  The Company also used cash in operating activities of $2,531,792 during the nine months ended September 30, 2017.   After the discontinued operations, the financial situation is somewhat improved but the Company still has a net loss from continuing operations of $1,440,346 and net cash used in operating activities – continuing operations of $872,770 for the nine months ended September 30, 2017. These factors raise substantial doubt about the Company’s ability to continue as a percentage,going concern.

In order for us to continue as a graphicgoing concern, we will need to obtain additional debt or an emoticon depending on how well the exercise has been performed. This providesequity financing. We are regularly and continually seeking additional funding from investors and from time to time we are in various stages of negotiations.  Nonetheless, to date we have not accomplished a unique quality assurance ensuring maximum effectfinancing of the training. The quick feedback will also reducesize needed to put the risk of injuries and streamline time spentCompany on training.  Usersa stable operating basis. There can access training data, statistics and results online or through mobile device applications.


Membership of the portalbe no assurance that we will be divided into two levels – a basic membership and a VIP membership.  The difference between the levels of membershipable to secure additional debt or equity financing, that we will be primarily based upon the accessable to features andattain positive cash flow operations, or that, if we are successful in any of those actions, those actions will produce adequate cash flow to mentors.
The portal also offers a social forum for its users, where users can interact with like-minded members and train with them virtually. Some people will experience increased motivation by being partenable us to meet our future obligations. All of a group. The member can allow othersour existing financing arrangements are short-term. If we are unable to see allobtain additional debt or part of his profile. The personal profiles of the members canequity financing, we may be matched, so the portal will suggest network and training mates, and thereby helpingrequired to ensure the optimum composition. It will be possible to do real-time training with training mates by sharing the screen in a videoconference on the portal.

cease operations.

NOTE 23 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


Interim Financial InformationThe accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and pursuant to the rules and regulations of the United States Securities and Exchange Commission ("SEC").Commission.  Accordingly, they are condensed and do not include all of the information and notes required by accounting principles generally accepted in the United States of America for complete financial statements.  In the opinion of management, all adjustments considered necessary for a fair presentation have been included and are of a normal recurring nature.  The results of operations for the threenine months ended March 31, 2016,September 30, 2017, may not be indicative of the results that may be expected for the year ending December 31, 2016.

F-17


2017.

These financial statements should be read in conjunction with the financial statements and notes thereto which are included in the Company'sCompany’s Annual Report on Form 10-K for the year ended December 31, 2015.2016. The accounting policies set forth in those annual financial statements are the same as the accounting policies utilized in the preparation of these financial statements, except as modified for appropriate interim financial statement presentation.


Principles of ConsolidationThe accompanying consolidated financial statements are presented in conformity with accounting principles generally accepted in the United States of America and include operations and balances of NABUfitNewbridge Global Ventures, Inc. and its wholly-owned subsidiary NABUfit Global, ApS, ("NABUfit Denmark").  NABUfitsubsidiaries NABUFIT Denmark, is a Danish company organized June 26, 2015 in Denmark.NABUFIT China and NABUFIT IP.  Intercompany balances and transactions have been eliminated in consolidation.


 NABUFIT China and NABUFIT IP have been formed but have no activity to date.  All three subsidiaries were sold to an employee of NABUFIT Denmark effective August 30, 2017.  As a result of this action, the current year and prior year disclosures reflect these operations as discontinued operations and prior year financial information has been restated to reflect this accounting treatment.

Use of Estimates – The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 revenue and expenses during the reporting period.  Actual results could differ from those estimates.



F-6


Fair Value – The fair values of the Company'sCompany’s financial assets and liabilities approximate their carrying amounts at the reporting date.


Foreign Currency Transactions and TranslationsTheFor the purposes of this report, the functional currency of NABUfitNABUFIT Denmark is the Danish Krone (DKK), while the functional currency of NABUfit GlobalNABUFIT China is the China Yuan Renminbi (CNY), and the functional currency of Newbridge and the reporting currency is U.S. dollars (USD).  The Company translates the assets and liabilities of NABUfitNABUFIT Denmark and NABUFIT China from the functional currency to U.S. dollars at the appropriate spot rates as of the balance sheet date. Equity balances are translated using historical exchange rates. Changes in the carrying value of these assets and liabilities attributable to fluctuations in spot rates are recognized in foreign currency translation adjustment, a component of accumulated other comprehensive income. Income statement accounts are translated using the average exchange rate during the period.


Monetary assets and liabilities denominated in a currency that is different from the functional currency must first be re-measuredremeasured from the applicable currency to the functional currency. The effect of this re-measurementremeasurement process is recognized translation adjustments in our statement of comprehensive loss.


The Company had noincurred foreign currency transaction gains or losses of $24,353 and $0 during the period from June 26, 2015 (date of inception) through March 31, 2016.


Business Conditionnine months ended September 30, 2017 and 2016, respectively.  The Company has filed an S-1 Registration Statement and is seeking to register and publicly offer up to 5,000,000 shares of common stock at $0.92 per share.  The Registration Statement is currently under review by the Securities and Exchange Commission.  The proceeds from this offering are expected to provide the liquidity necessary for the operations of the Companyforeign currency transaction loss was on a convertible note payable denominated in the foreseeable future. The ability of the Company to continue as a going concern is dependent on the success ofDKK that plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern (see Note 3—Going Concern).

was settled during September 2017.

Cash and Cash EquivalentsThe balance in cash and cash equivalents consists of cash reserves held in bank accounts. The Company maintains cash balances in bank accounts that, at times, exceed federally insured limits.  The Company has not experienced any losses in these accounts and believes it is not exposed to any significant risk with respect to cash.


Revenue Recognition– The Company recognizes revenue when persuasive evidence of an arrangement exists, performance of the service has occurred, the sales price charged is fixed or determinable, and collectability is reasonably assured.  Revenue is net of taxes and discounts and is recorded on an accrual basis.

F-18


Software Development Costs – The Company expenses software development costs until the Company has a working business model for the software.


Income Taxes – The Company accounts for income taxes pursuant to Accounting Standards Codification (ASC) 740, Income Taxes, which requires the use of the asset and liability method of accounting for deferred income taxes.  We recognize deferred tax liabilities and assets based on the differences between the tax basis of assets and liabilities and their reported amounts in the financial statements that will result in taxable or deductible amounts in future years.


All allowances against deferred income tax assets are recorded in whole or in part, when it is more likely than not those deferred income tax assets will not be realized.  Deferred tax assets and liabilities are measured using enacted tax rates expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.


A valuation allowance is required to the extent it is more-likely-than-not that a deferred tax asset will not be realized. ASC 740 also requires reporting of taxes based on tax positions that meet a more-likely-than-not standard and are measured at the amount that is more-likely-than-not to be realized. Differences between financial and tax reporting which do not meet this threshold are required to be recorded as unrecognized tax benefits.


Derivatives – The Company has entered into convertible debt agreements whereby the related conversion features are derivatives. Therefore, the Company has calculated the fair value of these derivatives on the execution dates and has also recorded a gain on derivative for the change in fair value from the execution date to the reporting date.


F-7


The Company estimates fair values of derivative financial instruments using the Black-Scholes model, adjusted for the effect of dilution, because it embodies all of the requisite assumptions (including trading volatility, estimated terms, dilution and risk free rates) necessary to fair value these instruments. Estimating fair values of derivative financial instruments requires the development of significant and subjective estimates that may, and are likely to, change over the duration of the instrument with related changes in internal and external market factors. In addition, option-based techniques (such as Black-Scholes model) are highly volatile and sensitive to changes in the trading market price of our common stock.

Basic and Diluted Loss Per Share – Basic loss per common share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted loss per common share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period giving effect to potentially dilutive common stock equivalents.  As of March 31, 2016,September 30, 2017, the Company had no common stock equivalents outstanding.


of 150,148 shares outstanding related to the convertible notes payable.  

New Accounting Pronouncements – The Company does not expect the adoption of any recent accounting pronouncements to have a material impact on its financial statements.


NOTE 3 – GOING CONCERN

The accompanying condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern.  As shown in the accompanying condensed consolidated financial statements, the Company incurred a net loss of $527,728 for the three months ended March 31, 2016 and has an accumulated deficit of $900,124 as of March 31, 2016.  The Company also used cash in operating activities of $488,445 during the three months ended March 31, 2016.   These factors raise substantial doubt about the Company's ability to continue as a going concern.

In order for the Company to continue as a going concern, the Company expects to obtain additional debt and/or equity financing.  The Company is regularly and continually seeking additional funding from investors and from time to time is in various stages of negotiations.  Nonetheless, to date the Company has not accomplished a financing of the size needed to put the Company on a stable operating basis. There can be no assurance that the Company will be able to secure additional debt or equity financing, that it will be able to attain positive cash flow operations, or that, if it is successful in any of those actions, those actions will produce adequate cash flow to enable it to meet our future obligations. All of our existing financing arrangements are short-term. If the Company is unable to obtain additional debt and/or equity financing, it may be required to significantly reduce or cease operations.

NOTE 4 – LEASES


On December 1, 2015,DISCONTINUED OPERATIONS

Effective August 31, 2017, the Company signedentered into an Agreement on Transfer of Shares (“Transfer Agreement”) with NABUfit Finance ApS, a new leaseDanish company (“Buyer”) wherein the Company agreed to sell to Buyer and Buyer agreed to purchase from the Company all of the issued and outstanding shares owned by the Company in its three wholly owned subsidiaries, NABUFIT Denmark, NABUFIT IP and NABUFIT China (the “Subsidiaries”).  The purchase price paid by Buyer for the Subsidiaries was DKK 250,000 (USD $40,000), plus possible additional consideration of up to DKK 350,000 ($56,000) in payments related to tax refunds due to the Subsidiaries in the fourth quarter of 2017.

The operating results of NABUFIT Denmark have been classified as discontinued operations for all periods presented.  NABUFIT China and NABUFIT IP were newly formed entities with no operations to report.  The following are the key components of the sale and discontinued operations:

Sales price

$40,000 

Expected tax refund

56,000 

Carrying value of disposed business, net write off of intercompany receivable

(44,629) 

Expenses related to the sale

(1,135)

Loss on sale before write-off of foreign currency translation adjustments

50,236 

Write-off of foreign currency translation adjustments recorded in other comprehensive income

(40,370)

Gain on sale of subsidiary

9,866 

Discontinued operations year-to-date

(1,938,134)

Loss on sale of discontinued operations

$ (1,928,268)

The account classifications that make up the discontinued operations as of December 31, 2016, on their office in Fredericia Denmark, which replacedthe balance sheet, are shown below:


F-8


Balance Sheet

12/31/2016

Assets

Cash

1,392,919

Prepaids

2,684,832

VAT receivable

35,283

Deposits

14,528

Current asset of discontinued operations

4,127,562

Liabilities

Accounts payable

(227,091)

Accrued liabilities

(2,241,419)

Related party payables

(25,450)

Current liabilities of discontinued operations

(2,493,960)

NOTE 5 – ACCRUED LIABILITIES

As of September 30, 2017 and December 31, 2016, the Company had accrued liabilities of $27,752 and $2,304,938, respectively. The accrued liabilities as of September 30, 2017 and December 31, 2016 consist mainly of $0 and $2,115,890 due over the next 18 months on an ambassador contract with Neymar that was entered into during the prior leaseyear.  This contract was sold as part of the Transfer of shares. See Note 4.

NOTE 6 – CONVERTIBLE NOTES PAYABLE

September 30, 2017

March 23, 2017, the Company issued four convertible notes payable for total cash proceeds of 1,000,000 DKK ($145,034 as of March 23, 2017).  The notes bore no interest and matured on May 1, 2017 and automatically converted into shares of the Company’s common stock at $3.00 per share on the maturity date.  The fair value of the stock on March 23, 2017 was $4.80 so the Company recognized a beneficial conversion feature and debt discount of $87,020.  The discount was amortized over the term of the notes.  The balance of the debt discount was $0 as of September 30, 2017.

$

May 9, 2017 convertible note payable of $58,000 to a third party at 9% interest and February 9, 2018 maturity date; principal and accrued interest is convertible at 65% of market value on the date of conversion; market value is calculated as the average of the 5 lowest close prices of the common stock during the previous 10 trading days; convertible into 22,222 shares at a conversion price of $2.61 as of the May 9, 2017 measurement date; convertible 180 days after the issue date until the maturity date. The Company recorded a derivative of $75,957 on May 9, 2017 due to the variable nature of the conversion price, as well as, a debt discount of $58,000 and a loss on derivative of $17,957.  The discount is amortized over the term of the note.  The derivative was remeasured on June 30, 2017 and September 30, 2017, which resulted in a gain on derivative of $25,287 and $11,151, respectively.  The balance of the debt discount was $27,739 as of September 30, 2017.  

60,059 


F-9


May 10, 2017 convertible note payable of $50,000 to a third party at 0% interest and November 9, 2017 maturity date; on September 29, 2017, the note was converted into 161,290 shares of common stock at $0.31 per share.  The Company recorded a derivative of $49,334 on May 10, 2017 due to the variable nature of the conversion price, as well as, a debt discount of $50,000.  The derivative was remeasured on June 30, 2017 and September 29, 2017, which resulted in a gain on derivative of $11,735 and $10,756, respectively.  Upon conversion to equity, the $26,843 derivative liability was settled with a charge to additional paid-in capital and the remaining debt discount was amortized to interest expense.   

June 27, 2017 convertible note payable of 2,200,000 DKK ($331,325 at June 27, 2017) to a third party at 12% interest; cash proceeds were net of a loan origination fee of $33,133.  Effective September 18, 2017, the Company issued 1,214,333 shares of common stock valued at $0.30 per share, to settle the principal plus accrued interest ($354,839 principal and $9,461 accrued interest based on rates in the settlement agreement).  The Company recognized a foreign currency transaction loss of $24,353.  

Total

60,059 

Less debt discount

(27,739)

Balance of convertible notes payable, net

32,320 

Less current portion

32,320 

Long-term convertible notes payable, net

$

NOTE 7 – DERIVATIVE LIABILITIES

The Company evaluated the terms of the convertible debt conversion features under the applicable accounting literature, including Derivatives and allowedHedging, ASC 815, and determined that certain features required separate accounting as derivatives. The derivatives were recorded as "derivative liabilities" on the condensed consolidated balance sheets and will be adjusted to reflect fair value at each reporting date. The total fair value of the derivative liabilities at issuance was $107,334. The fair value of the derivative liabilities at September 30, 2017 was $39,519. The Company recognized a gain of $40,972 for the nine months ended September 30, 2017, which is presented as "gain on derivative" on the condensed consolidated statements of operations, and recognized a $26,843 reduction in the derivative liability related to the settlement of a convertible note payable.  The $26,843 was recorded as a credit to additional paid-in capital.

On May 9, 2017, the Company recorded a derivative liability of $75,957 on convertible debt due to move to larger office space (159 square meters) within the same building.variable nature of the conversion price.  The new rent is DKK 13,184 per month ($2,009) and the security deposit increased to DKK 80,685 ($12,294).  The lease can be terminated with a six month notice, but not before December 1, 2017.  Rent will increase annually on January 1valuation was based on the consumer price index, withBlack-Scholes model.  The Company recorded a minimum increaseloss on derivative of 2% per year.

F-19


Effective March 1, 2016,$17,957 since the value of the derivative was greater than the proceeds from the convertible note.  As of September 30, 2017, the derivative liability was remeasured at $39,519.  The details are as follows:

 

May 9,

 

June 30,

 

September 30,

 

2017

 

2017

 

2017

Stock price at valuation date

$5.10   

 

$2.40   

 

$0.61   

Conversion price

$2.61   

 

$1.56   

 

$0.40   

Risk free rate

1.07% 

 

1.14% 

 

1.11% 

Volatility

160.28% 

 

148.43% 

 

112.12% 

Number of shares if converted

22,222   

 

37,656   

 

150,148   

Value of derivative

$75,957   

 

$50,670   

 

$39,519   

Gain (loss) on derivative

$(17,957)  

 

$25,287   

 

$11,151   

On May 10, 2017, the Company signed Appendixrecorded a derivative liability of $49,334 on convertible debt due to a round- down provision of the conversion price.  The valuation was based on the Black-Scholes model.  As of September 29, 2017, the derivative liability was valued at $26,843.  The valuation was done as of September 29, 2017 since that is the date the note was converted to shares of common stock.  The details are as follows:

 

May 9,

 

June 30,

 

September 29,

 

2017

 

2017

 

2017

Stock price at valuation date

$5.10   

 

$2.40   

 

$0.61   

Conversion price

$3.00   

 

$1.56   

 

$0.40   

Risk free rate

1.02% 

 

1.05% 

 

0.99% 

Volatility

160.26% 

 

124.88% 

 

85.30% 

Number of shares if converted

16,667   

 

32,051   

 

125,000   

Value of derivative

$49,334   

 

$37,599   

 

$26,843   

Gain on derivative

$-   

 

$11,735   

 

$10,756   

NOTE 8 – FAIR VALUE MEASUREMENTS

Assets and liabilities carried at fair value are classified and disclosed in one of the following three categories:

·Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. 

·Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. 

·Level 3: Pricing inputs that are generally unobservable and are supported by little or no market data. 

Financial Assets Measured on a Recurring Basis

Financial assets are classified in their entirety based on the lowest level of input that is significant to the Fredericia lease agreement movingfair value measurement.

The following table summarizes the office tovaluation of our financial assets measured at fair value on a 190 square meter office located on the first floorrecurring basis as of the building.  The rentSeptember 30, 2017:

 

Level 1

 

Level 2

 

Level 3

 

Total

Liabilities:

 

 

 

 

 

 

 

Derivative Liabilities

$       -   

 

$       -   

 

$ 39,519

 

$ 39,519

In accordance with U.S. GAAP, we use market prices and security deposit were not changed by the Appendix.  Once the Company utilizes the additional 31 square meters, the rent will increase proportionately.


pricing models for fair value measurements of our derivative financial instruments.

NOTE 59 – SHAREHOLDERS'SHAREHOLDERS’ EQUITY


We have authorized capital stock consisting of 100,000,000 shares of $0.0001 par value common stock and 400,000 shares of $0.0001 par value preferred stock. As of March 31, 2016September 30, 2017 and December 31, 2015,


F-10


2016, we had 19,437,2363,359,200 (post-reverse stock split) and 854,338 (post-reverse stock split) shares of common stock issued and outstanding, and no shares of preferred stock issued and outstanding.


NOTE 6 – SHARE-BASED COMPENSATION

On September 30, 2015 NABUfit Global issued 30,000 shares

During March 2017, the Company recorded a credit to additional paid-in capital of its common stock to two outside directors: Soren Jonassen and Ole Sigetty for their services through June 30, 2016. The shares issued were valued at $4.00 per share for a total of $240,000, which was the market price of the stock on the issuance date. Share-based compensation of $60,000 was recorded$87,020 for the three months ended March 31, 2016; the balance of $60,000 is recorded as a prepaid expense to be amortized ratably over the subsequent three months.

F-20


[Alternative Page for Resale Prospectus]








Up to 19,437,236 Shares
NABUfit Global, Inc.
Common Stock
PROSPECTUS DATED                                , 2016

[Alternative page for Resale Prospectus]
The informationbeneficial conversion feature described in this prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.
PROSPECTUS

Dated  August 31 , 2016
NABUFIT GLOBAL, INC.
Up to 19,437,236 Shares of Common Stock

This prospectus relates to the offering and resale by the selling stockholders ("Selling Stockholders") identified herein of up to 19,437,236 shares of common stock, par value $0.0001 per share, of NABUfit Global, Inc. (the "Company"). These shares include 15,500,000 shares of common stock issued pursuant to a share exchange betweenNote 5.

On April 3, 2017, the Company and the shareholders of NABUfit Global ApS,entered into a Danish company (the "Share Exchange") pursuant to anCommon Stock Subscription Agreement and Plan of Share Exchange dated October 8, 2015 and closed on November 30, 2015.   The shares of common stock issued in the Share Exchange were sold at a purchase price of $3 per share.  Of those shares being registered, approximately 13,508,870 shares are subject to a lock-up until December 1, 2016.


The Selling Stockholders may sell the shares of common stock ("Resale Shares") on any national securities exchange or quotation service on which the securities may be listed or quoted at the time of sale, in the over-the-counter market, in one or more transactions otherwise than on these exchanges or systems, such as privately negotiated transactions, or using a combination of these methods, and at fixed prices, at prevailing market prices at the time of the sale, at varying prices determined at the time of sale, or at negotiated prices. See the disclosure under the heading "Plan of Distribution" elsewhere in this prospectus for more information about how the Selling Stockholders may sell or otherwise dispose of their shares of common stock hereunder.
The Selling Stockholders may sell any, all or none of the securities offered by this prospectus and we do not know when or in what amount, the Selling Stockholders may sell their shares of common stock hereunder following the effective date of this registration statement.
We will not receive any proceeds from the sale of our common stock by the Selling Stockholders in the offering described in this prospectus.
Our common stock is quoted for trading on the OTC Bulletin Board (OTCQB) under the symbol "NBFT".
Because all of the shares being offered under this prospectus are being offered by the Selling Shareholders, we cannot currently determine the price or prices at which our shares of common stock may be sold under this prospectus. We expect that the Selling shareholders initially sell their shares at prevailing market. See "Plan of Distribution."
In connection with the Resale, we have an offering (the "Public Offering") of our common stock that will have a dilutive effect on any purchaser of common stock under this prospectus and the registration statement of which it is a part. We are conducting an offering pursuant to another prospectus (the "Public Offering Prospectus"), which registers the sale by the Company of up to 5,000,000 shares (the "Public Offering Shares") of our common stock on a best efforts basis.  We have not engaged a placement agent in connection with the sale of the Public Offering Shares; however, if we sell all of the Public Offering Shares we are offering, we may pay a placement agent up to 10.0%, of the gross proceeds received in the Public Offering; provided, however, that a placement agent will only receive commissions based on the gross proceeds raised from U.S. investors.  The sales of the Public Offering Shares are not covered by this prospectus. As such, there are a total of 23,437,236 shares of our common stock registered for sale or resale under this and the other prospectus referred to above, although there is no guarantee that all of the shares will be sold or resold.
1

[Alternative page for Resale Prospectus]
We are an "emerging growth company" under the federal securities laws and will have the option to use reduced public company reporting requirements. Investing in our common stock involves a high degree of risk. You should review carefully the risks and uncertainties described under the heading "Risk Factors" beginning on page 19 of the Public Offering Prospectus, and under similar headings in any amendments or supplements to this prospectus.
2

[Alternative page for Resale Prospectus]

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.
The date of this prospectus is   August 31 , 2016.
3

[Alternative page for Resale Prospectus]
TABLE OF CONTENTS

Page
USE OF PROCEEDS5
SHARES REGISTERED FOR RESALE5
SELLING STOCKHOLDERS6
PLAN OF DISTRIBUTION13
LEGAL MATTERS16
EXPERTS16
WHERE YOU CAN FIND MORE INFORMATION16

This prospectus is part of a shelf registration statement that we have filed with the SEC using a "shelf" registration process. Under this shelf registration process, the selling stockholders may, from time to time, offer and sell the shares described in this prospectus in one or more offerings.
This prospectus provides you with a general description of the shares the selling stockholders may offer. Each time the selling stockholders sell our shares using this prospectus, to the extent necessary, we will provide a prospectus supplement or, to the extent necessary, a post-effective amendment, that will contain specific information about the terms of that offering, including the number of shares being offered, the manner of distribution, the identity of any underwriters or other counterparties and other specific terms related to the offering. The prospectus supplement or post-effective amendment may also add, update or change information contained in this prospectus. To the extent that any statement made in an accompanying prospectus supplement or post-effective amendment is inconsistent with statements made in this prospectus, the statements made in this prospectus will be deemed modified or superseded by those made in the accompanying prospectus supplement. You should read both this prospectus, any post-effective amendment and any prospectus supplement together.
Neither we nor the selling stockholders have authorized anyone to provide any information other than that contained in this prospectus or in any free writing prospectus prepared by or on behalf of us or to which we may have referred you. Neither we nor the selling stockholders take any responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. Neither we nor the selling stockholders have authorized any other person to provide you with different or additional information, and neither of us are making an offer to sell the shares in any jurisdiction where the offer or sale is not permitted. You should assume that the information appearing in this prospectus is accurate only as of the date on the front cover of this prospectus, regardless of the time of delivery of the prospectus or any sale of the ordinary shares. Our business, financial condition, results of operations and prospects may have changed since the date on the front cover of this prospectus.
For investors outside of the United States, neither we nor the selling stockholders have done anything that would permit the offering or possession or distribution of this prospectus in any jurisdiction where action for that purpose is required, other than in the United States. You are required to inform yourselves about and to observe any restrictions relating to the offering and the distribution of this prospectus outside of the United States.
4

[Alternative page for Resale Prospectus]

USE OF PROCEEDS
There will not be any proceeds from the sale of the Resale Shares by the Selling Stockholders. All proceeds from the sale of the Resale Shares will be paid directly to the selling Selling Stockholders.
SHARES REGISTERED FOR RESALE
As part of this prospectus, we are registering 19,437,236 shares of common stock for resale, of which, 13,508,870 shares are subject to a twelve (12) month lock-up for sales into the public market. The shares described in the following table consist of shares of common stock that were issued in connection with the Share Exchange, one or more private placements and shares held by past and current officers and directors and the remaining shareholders. A discussion of the material terms of the Share Exchange is included in the subsection of this prospectus titled "Share Exchange" under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations."
Concurrently with the filing of this Resale Prospectus, we are filing the Public Offering Prospectus for a public offering of our common stock.
The following table provides certain information with respect to the Selling Stockholders' ownership of our securities as of December 31, 2015, the total number of securities each Selling Stockholder may distribute under this prospectus from time to time, and the number of securities such Selling Stockholder will own thereafter assuming no other acquisitions or dispositions of our securities. The Selling Stockholders may distribute all, some or none of their respective securities, thus we have no way of determining the number the Selling Stockholders it will hold after the Resale. Therefore, we have prepared the table below on the assumption that the Selling Stockholders will sell all shares covered by this prospectus.
The Selling Stockholders may dividend or distribute their respective shares from time to time to their shareholders or affiliates. The Selling Stockholders may also transfer shares they own by gift, and upon any such transfer the donee would have the same right of resale as the Selling Stockholders.
See our discussion titled "Plan of Distribution" for further information regarding the Selling Stockholders' method of distribution of these shares.

5

[Alternative page for Resale Prospectus]


SELLING STOCKHOLDERS

The relationship between the Company and certain of the Selling Stockholders within the last three years are disclosed below. There is no known other relationships that exist between the registrant and the Selling Stockholders other than the relationships disclosed. The Selling Stockholders listed below possess issued but unregistered shares. The significance of registering their shares is to allow the Selling Stockholders to sell their shares to the public.
NameDate of Sale
Number of Shares of
Common Stock
Aggregate Purchase Price ($)
Rene Mikkelsen(1)June 30, 201416,667(2)$12,500
Stephen Abu (3)June 30, 2014158,500(2)$665,700
World Wide Investment Fund, Ltd.(4)August 28, 2014314,286(2)$50,000
World Wide Investment Fund, Ltd.(4)October 6, 2014666,667(2)$106,061
Stratega ApS(4)October 6, 2014333,333(2)$53,030
Brian P.S. Mertz (5)October 6, 2014885,714(2)$140,909
Brian P.S. Mertz (5)December 2, 201466,667(6)$50,000(8)
Soren Jonassen(7)December 2, 201466,667(6)$50,000(8)
Ole Sigetty (7)December 2, 201466,667(6)$50,000(8)
Hugo Svaneeng Holdings ApS(4)December 28, 201446,667$81,667
Maze Holding ApS(8)June 26, 20159,356(9)$1,403
Chunmeilin Holding ApS (10)June 26, 20159,356(9)$1,403
M. Krarup Holding IVS (11)June 26, 20159,356(9)$1,403
F-Reklame A/S (12)June 26, 20157,266(9)$1,090
Mikkel KesslerJune 26, 20154,768(9)$715
Jan Bech Anderson (13)October 8, 20153,179(9)$905,368
Brian P.S Mertz (5)October 8, 201530,000(6)$67,500
Soren Jonassen (7)October 8, 201530,000(6)$67,500
Ole Sigetty (7)October 8, 201530,000(6)$67,500

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
Former member of Board of Directors
Reflects shares issued pre-reverse stock split
Former officer
Owned and controlled by Brian P.S. Mertz, Chief Executive Officer and member of the Board of Directors
Chief Executive Officer and member of the Board of Directors
Issued in lieu of cash compensation
Director
Owned by Michael Maze
Shares issued in NABUfit Global, ApS, prior to the Share Exchange.  Does not reflect post Share Exchange holdings.
Owned and controlled by Ulrik Moll, former Chief Executive Officer
Owned and controlled by Morten Krarup, member of the Board of Directors
Owned by Mads Fredericksen, Chairman of the Board of Director
Shares deemed beneficially owned by Morton Albaek, member of the Board of Directors
6

[Alternative page for Resale Prospectus]
During the quarter ended June 30, 2014, the Company issued 16,667 shares in a private placement to Rene Mikkelsen, a director and 16,667 shares each to two unrelated individuals at $0.75 per share for cash of $25,000.  The Company also issued 158,500 shares of common stock to Stephen Abu, a Company vice president, valued at $4.20 per share or $665,700, as part of the sale of ASHG.
On August 28, 2014 the Company completed a private placement of 314,286 shares of its common stock for cash in the amount of $50,000 to World Wide Investment Fund Ltd., a company controlled by Mr. Brian Mertz, a resident of Denmark.
On October 6, 2014 the Company issued 666,667 shares to World Wide Investment Fund Ltd., 333,333 shares to Stratega ApS, a company controlled by Mr. Mertz, and 885,714 shares to Mr. Brian Mertz, for a total purchase price of $300,000.
On December 2, 2014 the Company issued 66,667 shares to each of the following: Soren Jonassen, Ole Sigetty, and Brian Mertz in lieu of cash payments. The Company expensed an aggregate of $720,004 as compensation expense, which reflected the market price ($3.60 per share) of the Company's stock at the time of the board's approval.
On December 28, 2014 the Company issued 46,667 shares to Hugo Svaneeng HoldingsLF Investments ApS for the purchase of Domain names, which the board of directors valued at $81,667 which reflects the market price ($1.75 per share) of the Company's stock71,667 shares at the time the shares were issued.
From February 19, 2015 through March 10, 2015 the Company completed a series of private placements totaling 137,000 shares of its common stock for cash in the total amount of $137,000 to five third-party investors.
On June 30, 2015, the Company received subscriptions for the purchase of 75,000 shares of its common stock at a purchase price of $2.25$3.00 per share for a total of $168,750.  The shares were purchased pursuant to Common Stock Subscription Agreements dated June 30, 2015.  The offering was exempt from registration under Section 4(a)(2) of the Securities Act and Regulation S.

$215,000.

On July 9, 2015,May 1, 2017, the Company completed a private placement of 100,000 shares of its common stock for $2.25 per share to SDO1 ApS pursuant toentered into a Common Stock Subscription Agreement dated June 30, 2015.  The offering was exempt from registration under Section 4(a)(2) of the Securities Act and Regulation S.


In connection with the organization of NABUfit Denmark on June 26, 2015, the following persons subscribedHans Kjaer Holding A/S for the following numberpurchase of 47,824 shares (as adjusted to reflect subsequent issuance and transfers).

Name
Number of Shares of
Common Stock
Aggregate Purchase Price ($)
Maze Holding ApS          9,3561,403
Chunmeilin Holding ApS          9,3561,403
M. Krarup Holding IVS          9,3561,403
F-Reklame A/S          7,2661,090
Mikkel Kessler          4,768715
Ole Krebs          1,727259
Anders Fredsborg             12018
Lars Weibom             874131
GD Investments ApS             874131
at the price of $3.00 per share for $143,472.

On October 8, 2015, NABUfit DenmarkMay 9, 2017, the Company issued an aggregate of 6,30348,345 shares of common stock at a price$3.00 per share to settle the convertible notes payable of $284.77 (DKK 1,888) for$145,034.

On September 29, 2017, the aggregate gross consideration of approximately $1,795,000 to Danish investors Arne Nilsson, Jan Bech Anderson, Bent Østergaard and LF Investments.

7

[Alternative page for Resale Prospectus]

Name
Number of Shares of
Common Stock
Aggregate Purchase Price ($)
LF Investments2,649$754,355
Bent Østergaard264$75,179
Arne Nilsson211$60,086
Jan Bech Anderson(1)3,179$905,283

(1)Shares deemed beneficially owned by Morton Albaek, a member of the Board of Directors.

In September 2015, the Board of Directors approved the payment of $67,500 to each of Jonassen, Sigetty and Mertz for their service as directors and officers for the current year, which amounts were paid in the form of 30,000Company issued 666,632 shares of common stock in the Company which were recorded for book purposes at the market price at the time$201,280 of the award of $4.00 per share for total compensation of $360,000

The Company relied on the statutory exemption from registration found in Section 4(a)(2) of the Securities Act and comparable Utah and Delaware state provisions and also the provisions of Regulation S for offerings and issuances to non-U.S. persons.  The Company believes that all purchasers would have qualified as accredited investors to the extent that the offerings were conducted under Regulation D.  The Company made no state or SEC filings for such offerings and issuances.
The following table shows the following information about the Selling Stockholders:
1.    the number of shares of our common stock that the Selling Stockholders beneficially owned as of the business day immediately prior to the filing of our Registration Statement;
2.the number of shares covered by this Resell Prospectus; and
3.the number of shares to be retained after this offering, if any.

All figures in this table assume the issuance and subsequent disposition of all shares. As represented to us by the Selling Stockholders, none of the Selling Shareholders are broker-dealers or affiliates of broker-dealers. The numbers in the "% Beneficial Ownership After Offering" assumes that no shares are sold in the primary offering.

Selling Stockholder Table
Name(1) 
Securities
Beneficially
Owned Prior
to
Offering
 
Securities Being
Offered
 
Securities
Beneficially
Owned After
Offering (2)
 
% Beneficial
Ownership
After
Offering
 
Abu and McConkie Investments Limited 16,666 16,666 0 0% 
Stephen Apeaning Abu Jr.   233,166  233,166 0 0% 
Acadia Group, Inc. 92 92 0 0% 
Mahmoud Mohammed Adileh 16 16 0 0% 
Advantage Luxemourg SA   27,686  27,686 0 0% 
African Heavy Machinery Limited (3) 1,493 1,493 0 0% 
AGC Invest APS 100,000 100,000 0 0% 
Salem A Al Jamil 1 1 0 0% 
Musaed N Al Nemer 4 4 0 0% 
Tariq Al Nisf 4 4 0 0% 
Al Nour International Holding Co. 333 333 0 0% 
Abdullah Al Sabeeh 8 8 0 0% 
Atif Mohammed Al Suwaidi 4 4 0 0% 
Khalid Mohammed Al Suwaidi 4 4 0 0% 
Aliatas AS   30,037  30,037 0 0% 
8

[Alternative page for Resale Prospectus]
Allen & Associates 333 333 0 0% 
Kathryn Allred (IRA) 531 531 0 0% 
Ala'a H Al-Roumi 4 4 0 0% 
Salem Mohammed Al-Suwaidi 11 11 0 0% 
Jiri Ambroz 1,666 1,666 0 0% 
Jan Bech Andersen(4)(5)6) 985,490 985,490 0 0% 
Jan Flemming Bech Andersen   403,260  403,260 0 0% 
Sandy Angus 666 666 0 0% 
Antigua Management LLC 531 531 0 0% 
ATO RAM 2 LTD 25 25 0 0% 
Joanne L Ayers 7 7 0 0% 
Torben Bagge 8,333 8,333 0 0% 
Guy Baillod 3 3 0 0% 
Roy Banks 1,111 1,111 0 0% 
Banque International A Luxembourg 6,666 6,666 0 0% 
Joseph W Bartlett 23 23 0 0% 
BE Venture APS 27,686 27,686 0 0% 
Lori Bedford 533 533 0 0% 
Robert K Bench (7) 20,572 20,572 0 0% 
Kenneth R Bench 2,666 2,666 0 0% 
Tara Bench 49,934 49,934 0 0% 
Jared K Bench 1,333 1,333 0 0% 
Taylor Bench 1,244 1,244 0 0% 
Kenneth Bench 16,000 16,000 0 0% 
Jared Bench 12,000 12,000 0 0% 
Anders Bendt A/S 1 1 0 0% 
Dieter Bobzin 6 6 0 0% 
James W Bunger 3,000 3,000 0 0% 
Keith Cannon 14,000 14,000 0 0% 
CEDE & COSDO 351,650 351,650 0 0% 
Catherine Cherubino 800 800 0 0% 
Ulrik Christoffersen 416 416 0 0% 
Rasmus Christoffersen 416 416 0 0% 
Chunmeilin Holding APS 300,300 300,300 0 0% 
Cleopatra LLC 22,778 22,778 0 0% 
Kasper Colding 1,000 1,000 0 0% 
Eric P. Cook 166 166 0 0% 
Bruce Crager 1,666 1,666 0 0% 
Bruce L Craig 3 3 0 0% 
Dagher Dagher 2 2 0 0% 
Salah A Dashti 8 8 0 0% 
Janice Datwyler 6,666 6,666 0 0% 
Jean Paul Desbrueres 4 4 0 0% 
Vijayakumar Dhuler 531 531 0 0% 
Jakob Dixen 208 208 0 0% 
Laura Doherty 166 166 0 0% 
Dreyer Finans APS 1,111 1,111 0 0% 
Reginald W Einkauf 22 22 0 0% 
Ekeloef Invest APS   160,000  160,000 0 0% 
M Todd Esplin 2,730 2,730 0 0% 
Gittemikaella Fahrenholtz 333 333 0 0% 
Robyn Farnsworth(9) 15,866 15,866 0 0% 
Fate Holdings APS 57,065 57,065 0 0% 
James M Fay 10 10 0 0% 
Willliam Flynn 666 666 0 0% 
FPP APS 66,667 66,667 0 0% 
Frank Jensen Holding Esbjerg ApS   33,043  33,043 0 0% 
Anders Fredborg(5) 37,200 37,200 0 0% 
9

[Alternative page for Resale Prospectus]
F-Reklame A/S(10)(5) 2,213,400 2,213,400 0 0% 
G & J Capital Management 333 333 0 0% 
GD Investments APS(5) 310,000 310,000 0 0% 
Ghana Journeys Limited 158,500 158,500 0 0% 
Anita Giersten 2 2 0 0% 
Carlos Goncalves 22 22 0 0% 
David Andrew Goodwin 1,503 1,503 0 0% 
Steve Gose 3,000 3,000 0 0% 
Growthcom APS(11) 165,000 165,000 0 0% 
Pia Haderup  216,697  216,697  0 0% 
Hans Kjaer Holdings ApS  150,000  150,000  0 0% 
Kevin B Harmon 531 531 0 0% 
Natasch Krebs Hartwig 15,000 15,000 0 0% 
Natasch Krebs Harvich  200,000  200,000  0 0% 
Morten Hauberg-Tychsen 50,000 50,000 0 0% 
Julian D. Henkin 833 833 0 0% 
The Leon and Ginette Henkin Revocable Trust 1,000 1,000 0 0% 
HIT ApS  8,271  8,271  0 0% 
Yip Wing Ho 3,000 3,000 0 0% 
Hojstoft Madsen Holding ApS  8,090  8,090  0 0% 
Peter Holvad  86,679  86,679  0 0% 
Teoh Chew Hoo    0 0% 
Hugo Svaneeng Holding APS(11) 1,155,095 1,155,095 0 0% 
Impact Capital Advisors LLC 4,165 4,165 0 0% 
Invest in Ghana 15,523 15,523 0 0% 
Invest in Ghana GMBH 33,600 33,600 0 0% 
David Jackson 1 1 0 0% 
David L Jackson 249 249 0 0% 
Ahmen Mohamed A Jawass 5 5 0 0% 
James U Jensen 12,092 12,092 0 0% 
Stig Jensen  50,000  50,000  0 0% 
Jeremiassen Holding ApS  8,271  8,271  0 0% 
John D Thomas P.C. 2,184 2,184 0 0% 
Soren Jonassen(12) 105,529 105,529 0 0% 
Preben Josefsen   43,339 43,339  0 0% 
Jonathan Kalman 333 333 0 0% 
Rida W Kanaan 2 2 0 0% 
Joseph R Kennedy 1 1 0 0% 
Mikkel Kessler (5)(13) 1,533,080 1,533,080 0 0% 
Philip Kjaer(13) 50,000 50,000 0 0% 
John M Knab 6,392 6,392 0 0% 
Walter Kolker 21 21 0 0% 
Jens-Erik Korning 7,000 7,000 0 0% 
KP Invest ApS  336,829  336,829  0 0% 
Ole Krebs(5) 535,370 535,370 0 0% 
Allan Kronborg 30,037 30,037 0 0% 
Thomas Kylling 7,008 7,008 0 0% 
Lambert Family Trust 3,000 3,000 0 0% 
Beverly J Lawson 666 666 0 0% 
Levin Lacrosse Corporation 2,222 2,222 0 0% 
Levo I A/S   146,855  146,855 0 0% 
LF Investment APS(6) 1,236,190 1,236,190 0 0% 
Aaron Jay Lieberman 11 11 0 0% 
Stuart Lieberman 162 162 0 0% 
Thure Lindhardt 833 833 0 0% 
Kim Linnemann 5,343 5,343 0 0% 
M Krarup Holding IVS(14)(5) 2,900,360 2,900,360 0 0% 
Osamah M Y Al Nisf 4 4 0 0% 
Magcor Ghana Limited 33,333 33,333 0 0% 
Abdul Majeed A Marafi 2 2 0 0% 
Alie E Marafi 8 8 0 0% 
Mohammed I Marafie 166 166 0 0% 
Michael Maze   216,697  216,697 0 0% 
Maze Holding APS(5) 2,900,360 2,900,360 0 0% 
Lars Meibom 270,940 270,940 0 0% 
Brian Palm Svaneeng Mertz 190,072 190,072 0 0% 
Millennium Trust Company LLC Custodian 833 833 0 0% 
John D Miller 32 32 0 0% 
10

[Alternative page for Resale Prospectus]
MLPF&S CUST FPO 1,593 1,593 0 0% 
Ashok Kumar Mohanty 8 8 0 0% 
Peter Brinker Moller 6,666 6,666 0 0% 
Morgan Stanley Smith Barney 666 666 0 0% 
Morten Hauberg Holding APS 165,000 165,000 0 0% 
Moxxci Holdings LLC 265 265 0 0% 
Nationwide Regulatory Compliane LLC 101 101 0 0% 
Navinsing Mareeachalee Arab Investment Co. 12 12 0 0% 
Lars Nielsen 5,273 5,273 0 0% 
Arne Nilsson(5)(6) 65,410 65,410 0 0% 
Nopoex Handelsselskab 3,333 3,333 0 0% 
H Kent Oborn 5 5 0 0% 
Ole Wessing APS   146,872  146,872 0 0% 
Peter Opata(15) 2,912 2,912 0 0% 
Bent Ostergaard(5)(6) 81,840 81,840 0 0% 
P D Teekay LLLP 5 5 0 0% 
Pacificwave Partners Limited 3,333 3,333 0 0% 
Kurt Pedersen 20,000 20,000 0 0% 
Lars Rask Pedersen   4,050 4,050 0 0% 
Kasper Bech Pilgaard 8,333 8,333 0 0% 
PK Communications Inc 8 8 0 0% 
Andre Rafnsson 16,666 16,666 0 0% 
Rajesh Raipancholia 41 41 0 0% 
Anette Rasmussen 9,999 9,999 0 0% 
Martin Rasmussen 333 333 0 0% 
Kenneth E Richardson 531 531 0 0% 
Kenneth Rouf 666 666 0 0% 
Henrik Rouf   3,333  3,333 0 0% 
Yacoub Yousef Sakkab 1 1 0 0% 
Douglas B Schwab 2 2 0 0% 
Troy George Scotter Revocable Trust 1,327 1,327 0 0% 
SD01 APS(13) 220,000 220,000 0 0% 
Christopher R Seelbach 322 322 0 0% 
James H Shapiro 148 148 0 0% 
Ole Sigetty(16) 30,000 30,000 0 0% 
Thomas S Smith 180 180 0 0% 
Helena Smith 416 416 0 0% 
Michael Soegaard 208 208 0 0% 
Stanford International Bank Limited 599 599 0 0% 
Statsautoriseret 40,000 40,000 0 0% 
Sean C Steward 39 39 0 0% 
Stratega APS(11) 644,000 644,000 0 0% 
Pekka Suursalmi 2 2 0 0% 
Hugo Christian Svaneeng   80,000 80,000  0 0% 
SWE Investors LLLP 180 180 0 0% 
Tectron-Industria De Produtos Electronics LDA 77 77 0 0% 
Gregory Tedrow 531 531 0 0% 
Stevan Treshow 2,333 2,333 0 0% 
Vector Capital LLC(17) 8,998 8,998 0 0% 
Vencore Solutions LLC 3,276 3,276 0 0% 
Thomas Viscovich 20,000 20,000 0 0% 
Branislav Volak 1,250 1,250 0 0% 
Clemons F Walker 2,124 2,124 0 0% 
Walker Family Trust 531 531 0 0% 
C Victor Way 6 6 0 0% 
Jim Willets 1 1 0 0% 
Ronald Williams 21 21 0 0% 
World Wide Investment Fund LTD(11) 280,951 280,951 0 0% 
ZAT Invest APS 498,333 498,333 0 0% 
          
  
11

[Alternative page for Resale Prospectus]
(1)The address of this security holder is the Company's address
(2)Assumes that all of the shares offered hereby are resold and that shares owned before the offering but not offered hereby are not sold
(3)Owned by Stephen Abu, former officer
(4)Shares deemed beneficially owned by Morton Albaek, member of the Board of Directors
(5)Acquired all or a portion of the shares in Share Exchange
(6)Acquired shares in portion of the shares in Private Placement dated October 8, 2015
(7)Chief Financial Officer
(8)Owned and controlled by Ulrik Moll, former Chief Executive Officer
(9)Former officer
(10)Owned and controlled by Mads Frederiksen, Chairman of Board of Directors
(11)Controlled by Brian P.S. Mertz, Chief Executive Officer and member of the Board of Directors
(12)Member of Board of Directors
(13)Issued in June 30, 2015 private placement
(14)Owned and controlled by Morten Krarup, member of the Board of Directors
(15)Former officer
(16)Officer and Director
(17)Controlled by Robert Bench, Chief Financial Officer.
12

[Alternative page for Resale Prospectus]

PLAN OF DISTRIBUTION

We are registering the shares covered by this prospectus ("Resale Shares") to permit the Selling Stockholders to conduct public secondary tradingcash; 129,032 of these shares from timewere to time afterBrian Mertz, the date of this prospectus. We will not receive any of the proceeds of the sale of the Resale Shares offered by this prospectus.CEO.  The aggregate proceeds to the Selling Stockholders from the sale of the Resale Shares will be the purchase price of the shares less any discounts and commissions. Each Selling Stockholder reserves the right to accept and, together with their respective agents, to reject, any proposed purchase of shares to be made directly or through agents.
The Selling Stockholders and any of their pledgees, assignees and successors-in-interest may, from time to time, sell any or all of their Resale Shares offered by this prospectus on the OTCQB or any other trading facility on which the shares are traded. These sales may be at market prices prevailing at the time of sale or at fixed or negotiated prices. The Selling Stockholders may use any one or more of the following methods when selling the Resale Shares offered by this prospectus:
ordinary brokerage transactions and transactions in which the broker dealer solicits purchasers;
block trades in which the broker dealer will attempt to sell the shares as agent but may position and resell a portion of the block as principal to facilitate the transaction;
purchases by a broker dealer as principal and resale by the broker dealer for its account;
broker dealers may agree with the Selling Stockholders to sell a specified number of such shares at a stipulated price per share;
sales in the over-the-counter market;
privately negotiated transactions;
underwritten transactions;
a combination of any such methods of sale; and
any other method permitted pursuant to applicable law.

In connection with these sales, the Selling Stockholders may enter into hedging transactions with broker-dealers or other financial institutions that in turn may:
engage in short sales of shares of the common stock in the course of hedging their positions;
sell shares of the common stock short and deliver shares of the common stock to close out short positions;
loan or pledge shares of the common stock to broker-dealers or other financial institutions that in turn may sell shares of the common stock;
enter into option or other transactions with broker-dealers or other financial institutions that require the delivery to the broker-dealer or other financial institution of shares of the common stock, which the broker-dealer or other financial institution may resell under the prospectus; or
enter into transactions in which a broker-dealer makes purchases as a principal for resale for its own account or through other types of transactions.

Broker dealers engaged by the Selling Stockholders may arrange for other brokers dealers to participate in sales. Broker dealers may receive commissions or discounts from the Selling Stockholders (or, if any broker dealer acts as agent for the purchaser of shares, from the purchaser) in amounts to be negotiated. We have been informed by the Selling Stockholders that they do not expect these commissions and discounts to exceed what is customary in the types of transactions involved. The Selling Stockholders may agree to indemnify any underwriter, broker-dealer or agent that participates in transactions involving sales of shares from certain liabilities, including liabilities arising under the Securities Act. We have agreed to register the shares for sale under the Securities Act and to indemnify the Selling Stockholders and each person who participates in an offering against certain civil liabilities, including certain liabilities under the Securities Act.
13

[Alternative page for Resale Prospectus]

To our knowledge, there are currently no plans, arrangements or understandings between any Selling Stockholder and any underwriter, broker-dealer or agent regarding the sale of the shares by the Selling Stockholders. Upon our notification by a Selling Stockholder that any material arrangement has been entered into with a broker-dealer for the sale of shares through a block trade, special offering, exchange distribution, secondary distribution or a purchase by an underwriter or broker-dealer, we will file a post-effective amendment to this registration statement, disclosing certain material information, including the number of shares being offered, the name or names of any underwriters, dealers or agents, the public offering price, any underwriting discounts and other items constituting compensation to underwriters, dealers or agents.
In compliance with the guidelines of the Financial Industry Regulatory Authority, or FINRA, the aggregate maximum discount, commission or agency fees or other items constituting underwriting compensation to be received by any FINRA member or independent broker-dealer will not exceed 10% of the proceeds from any offering pursuant to this prospectus.
Any Resale Shares covered by this prospectus that qualify for sale under Rule 144 or Regulation D of the Securities Act may be sold under Rule 144 or Regulation D, as applicable, rather than under this prospectus. The Resale Shares covered by this prospectus mayCompany also be sold to non-U.S. persons outside the U.S. in accordance with Regulation S under the Securities Act rather than under this prospectus. The shares may be sold in some states only through registered or licensed brokers or dealers. In addition, in some states the shares may not be sold unless the shares have been registered or qualified for sale or an exemption from registration or qualification is available and complied with.

Pursuant to that certain Lock-Up Agreement dated October 2015, holders of 13,508,870 of our common stock have agreed, subject to certain exceptions, not to dispose of or hedge anyissued 1,666,678 shares of common stock or securitiesfor services and settlement of convertible into or exchangeablenotes payable and accounts payable for $0.61 per share, which was the quoted market price.  Shares issued for services totaled 220,228 and were valued at $134,339; $88,506 of this balance was for Brian Mertz’s salary from October through December 2017, which is classified as a prepaid expense as of September 30, 2017.  Convertible notes payable of $414,300 were settled for 1,375,623 shares.  Accounts payable of $24,382 were settled for 70,827 shares, which included $5,532 of common stockrelated party payables to Brian Mertz.  The Company recognized a loss on debt settlement of $416,809 on the settlement of the convertible notes payable and accounts payable.

Total share-based compensation of $81,339 was recognized during the period from the datenine months ended September 30, 2017.  As of the lock-up agreement continuing through the date 12 months after the date of the Share Exchange, except with the prior written consent of the Board of Directors.

Following the lock-up periods set forth in Lock-Up Agreement described above, and assuming that no parties are released from these agreements and that there is no extension of the lock-up period, those Resale Shares that are subject to the lock-up, will be eligible for registration pursuant to this prospectus.

Broker-dealers engaged by any selling Selling Stockholder may arrange for other brokers-dealers to participate in sales. Broker-dealers may receive commissions or discounts from the selling Selling Stockholders (or, if any broker-dealer acts as agent for the purchaser of shares, from the purchaser) in amounts to be negotiated, but the maximum amount of compensation to be received by any participating FINRA member may not exceed 8%. We are required to pay certain fees and expenses incurred by us incident to the registration of the Resale Shares.
Since each of the Selling Stockholders may be deemed to be an "underwriter" within the meaning of the Securities Act, each Selling Stockholder will be subject to the prospectus delivery requirements of the Securities Act including Rule 172 thereunder. There is no underwriter or single coordinating broker acting in connection with the proposed sale of the Resale Shares by the Selling Stockholders.
We agreed to keep this prospectus and the registration statement which this prospectus forms a part effective until the earlier to occur of (i) such time as Rule 144 or another similar exemption under the Securities Act is available for the sale of all the Resale Shares, to the extent the Selling Stockholders have distributed the Resale Shares to its respective shareholders, by its respective shareholders, without volume or manner of sale restrictions during a six month period without registration (ii) all of the Resale Shares have been sold pursuant to this prospectus or Rule 144 under the Securities Act or any other rule of similar effect. The Resale Shares will be sold only through registered or licensed brokers or dealers if required under applicable state securities laws. In addition, in certain states, the Resale Shares may not be sold unless they have been registered or qualified for sale in the applicable state or an exemption from the registration or qualification requirement is available and is complied with.
Under applicable rules and regulations under the Exchange Act, any person engaged in the distribution of the Resale Shares may not simultaneously engage in market making activities with respect to the common stock for the applicable restricted period, as defined in Regulation M, prior to the commencement of the distribution. In addition, the Selling Stockholders will be subject to applicable provisions of the Exchange Act and the rules and regulations thereunder, including Regulation M, which may limit the timing of purchases and sales of shares of the Common Stock by any person. We will make copies of this prospectus available to the Selling Stockholders and have informed the Selling Stockholders of the need to deliver a copy of this prospectus to each purchaser at or prior to the time of the sale (including by compliance with Rule 172 under the Securities Act).
The Securities Enforcement and Penny Stock Reform Act of 1990 requires additional disclosure relating to the market for penny stocks in connection with trades in any stock defined as a penny stock. The Commission has adopted regulations that 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. Such exceptions include any equity security listed on NASDAQ and any equity security issued by an issuer that has (i) net tangible assets of at least $2,000,000, if such issuer has been in continuous operation for three years, (ii) net tangible assets of at least $5,000,000, if such issuer has been in continuous operation for less than three years, or (iii) average annual revenue of at least $6,000,000, if such issuer has been in continuous operation for less than three years. Unless an exception is available, the regulations require the delivery, prior to any transaction involving a penny stock, of a disclosure schedule explaining the penny stock market and the risks associated therewith.
14

[Alternative page for Resale Prospectus]
LEGAL MATTERS
Validity of the securities offered by this prospectus will be passed upon for us by Carman Lehnhof Israelsen, LP, Salt Lake City, Utah.
Neither the annual report on the financial statements for the year ended December 31, 2015 included in the Form 10-KT, the Current Report filed on Form 8-K on December 4, 2015 nor the Quarterly Report on Form 10-Q for the period ended March 31, 2016 as filed with the SEC contained an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles.
From June 26, 2015 through December 31, 2015,September 30, 2017, the Company had no disagreements with Sadler, Gibb and Associates, LLC or Ehrhardt Keefe Steiner & Hottman PC on matters of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.   For the period ended March 31, 2016, the Company had no disagreements with Sadler, Gibb and Associates, LLC.
EXPERTS
The audited financial statements of NABUfit Global, Inc. as of December 31, 2015 and the unaudited financial statements for the three month period ended March 31, 2016 included in this prospectus have been audited and reviewed, respectively, by Sadler, Gibb and Associates, LLC who is an independent registered public accounting firm, as set forth in their report appearing elsewhere herein, and are included herein in reliance upon such report given upon the authority of said firm as experts in auditing and accounting.
WHERE YOU CAN FIND MORE INFORMATION
We file annual, quarterly and special reports and other information with the SEC. These filings contain important information that does not appear in this prospectus. For further information about us, you may read and copy any reports, statements and other information filed by us at the SEC's Public Reference Room at 100 F Street, N.E., Room 1580, Washington, D.C. 20549-0102. You may obtain further information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. Our SEC filings are also available on the SEC Internet site at http://www.sec.gov, which contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC.
15

[Alternative page for Resale Prospectus]



Up to       Shares
NABUfit Global  , Inc.
Common Stock
PROSPECTUS DATED      August 31 , 2016
16



PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
unrecognized share-based compensation.

NOTE 10 – RELATED PARTY TRANSACTIONS

As of September 30, 2017 and December 31, 2016, the Company had related party payables of $5,450 and $30,183 to its CEO and Board Chairman for expenses related to the operation of the business.  These payables were due on demand with no interest.  Additional related party transactions were disclosed in Note 9.


F-11


NOTE 11 – SUBSEQUENT EVENTS

On October 13, 2017, the Company paid $75,038 to the holder of the convertible promissory note dated May 9, 2017 to settle the outstanding principal and interest.  The payment included a prepayment penalty of $11,876.

On October 11, 2017, Brian Mertz resigned as the Company’s Chief Executive Officer. The resignation was related to the change in the Company strategy and business and was not related to any disagreements with the Company on any matter relating to its operations, policies, practices or any issues regarding financial disclosures, accounting or legal matters.

On October 18, 2017, the Board appointed Mark Mersman as the Company’s Chief Executive Officer and Chief Information Officer and Scott Cox as the Company’s President and Chief Operating Officer.   Pursuant to that appointment, the Company agreed to issue each of Mr. Mersman and Mr. Cox 100,000 shares of the Company’s Common Stock as a signing bonus with the ability to earn additional shares upon meeting certain performance milestones pursuant to their Employment Agreements.

The Incentive Plan was approved by the Company Board on October 18, 2017 and by a majority of the Company stockholders on October 19, 2017. The Incentive Plan permits Company to grant “Awards,” that may consist of stock options, the grant or sale of restricted stock (“Restricted Stock”), stock appreciation rights (“SARs”), or hypothetical units issued with reference to Company common stock (“Restricted Stock Units”), for up to 4,000,000 shares of Company common stock. Awards may be granted under the Incentive Plan to employees, directors, and consultants of Company and its subsidiaries, including also subsidiaries that Company may form or acquire in the future. The Incentive Plan will be administered by the Company Board or by a committee authorized by the Company Board (the “Committee”), which will make all determinations with regard to the grant and terms of Awards, subject to the terms of the Incentive Plan.

Effective October 18, 2017, Directors Mads H. Fredericksen, Jorgen Buhl Rasmussen, Kristoffer Ewald and Allan J. Vestergaard resigned from the Board of Directors.  The resignations were not related to any disagreements with the Company on any matter relating to its operations, policies, practices or any issues regarding financial disclosures, accounting or legal matters.

On October 18, 2017, the shareholders holding a majority of the issued and outstanding shares of the Company’s common stock elected Ole Sigetty, Brian Palm Svaneeng Mertz, Mark Mersman, Scott Cox and Benjamin Esque as Directors of the Company, to serve until his respective successor is duly elected and qualified or his earlier resignation, death or removal by the stockholders of the Company.  Ole Sigetty and Brian Mertz have previously served as officers and directors of the Company.

On October 18, 2017, the shareholders holding a majority of the Company’s issued and outstanding shares of common stock approved an amendment to the Company’s Amended and Restated Certificate of Incorporation to change the name of the Company to “NewBridge Global Ventures, Inc.” (“Amendment”).   The Amendment will be effective on the date which is 20 days after notice is provided to the shareholders of the Company, or about November 21, 2017.  The Company’s symbol was changed effective December 12, 2017 to “NBGV”.

On November 10, 2017, the Company entered into an assignment agreement with Mustang Capital, LLC (“Mustang”) whereby Mustang has assigned all beneficial interest into an existing Management Consulting Agreement with Elevated Portfolio Holdings, LLC.  Mustang is controlled by Mark Mersman, CEO.


F-12


PART II

INFORMATION NOT REQUIRED IN PROSPECTUS

Item 13.  Other Expenses of Issuance and Distribution

The following table sets forth the various costs and expenses payable by us in connection with the sale of the securities being registered. All such costs and expenses shall be borne by us. Except for the SEC registration fee, all the amounts shown are estimates.

  
Amount
to be Paid
SEC registration fee $4,306.46(1)
Legal fees and expenses $50,000.00 
Accounting fees and expenses $14,000.00 
Printing and miscellaneous expenses   (2)
Total   (2)
 
(1) A registration fee of $7,080.38 has been paid previously.
(2) To be provided by amendment.

Amount

to be Paid

SEC registration fee

$

829   

Legal fees and expenses

15,000   

Accounting fees and expenses

5,000   

Printing and miscellaneous expenses

5,000   

Total

$

25,829   

Item 14.  Limitation on Liability and Indemnification Matters

Our certificate of incorporation contains provisions that limit the liability of our directors for monetary damages to the fullest extent permitted by Delaware law. Consequently, our directors will not be personally liable to us or our stockholders for monetary damages for any breach of fiduciary duties as directors, except liability for:

any breach of the director's duty of loyalty to us or our stockholders;
any act or omission not in good faith or that involves intentional misconduct or a knowing violation of law;
unlawful payments of dividends or unlawful stock repurchases or redemptions as provided in Section 174 of the Delaware General Corporation Law; or
any transaction from which the director derived an improper personal benefit.

any breach of the director’s duty of loyalty to us or our stockholders;

any act or omission not in good faith or that involves intentional misconduct or a knowing violation of law;

unlawful payments of dividends or unlawful stock repurchases or redemptions as provided in Section 174 of the Delaware General Corporation Law; or

any transaction from which the director derived an improper personal benefit.

Our certificate of incorporation and bylaws provide that we are required to indemnify our directors and officers, in each case to the fullest extent permitted by Delaware law. Our bylaws also provide that we are obligated to advance expenses incurred by a director or officer in advance of the final disposition of any action or proceeding, and permit us to secure insurance on behalf of any officer, director, employee or other agent for any liability arising out of his, her or its actions in that capacity regardless of whether we would otherwise be permitted to indemnify him, her or it under Delaware law.

In addition to the indemnification required in our certificate of incorporation and bylaws, we have entered or intend to enter into indemnification agreements with each of our directors, officers and certain other employees prior to the consummation of the Share Exchange. These agreements will provide for the indemnification of our directors, officers and certain other employees for all reasonable expenses and liabilities incurred in connection with any action or proceeding brought against them by reason of the fact that they are or were our agents. We believe that these provisions in our certificate of incorporation, bylaws and indemnification agreements are necessary to attract and retain qualified persons as directors and officers. This description of the limitation of liability and indemnification provisions of our certificate of incorporation, of our bylaws and of our indemnification agreements is qualified in its entirety by reference to these documents, each of which is attached as an exhibit to this Report.

17

The limitation of liability and indemnification provisions in our certificate of incorporation and may discourage stockholders from bringing a lawsuit against directors for breach of their fiduciary duties. They may also reduce the likelihood of derivative litigation against directors and officers, even though an action, if successful, might benefit us and our stockholders. A stockholder'sstockholder’s investment may be harmed to the extent we pay the costs of settlement and




damage awards against directors and officers pursuant to these indemnification provisions. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers and controlling persons pursuant to the foregoing provisions, or otherwise, we have been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. There is no pending litigation or proceeding naming any of our directors, officers or employees as to which indemnification is being sought, nor are we aware of any pending or threatened litigation that may result in claims for indemnification by any director, officer or employee.

Item 15.  Unregistered Sales Ofof Equity Securities

Sales of Unregistered Securities by the Company


During the quarter ended June 30, 2014, the Company issued 267,108 shares for payment of notes payable, accrued interest payable, accounts payable, and for the cancelation of options to current and former affiliates (directors, officers and service providers of the company), in settlement of vendor liabilities, and cancelation of stock options. The shares were issued at a value of $4.20 per share, which was the market price on the date of issue. The Company also issued 16,667 shares in a private placement to Rene Mikkelsen, a director and 16,667 shares each to two unrelated individuals at $0.75 per share for cash of $25,000.  The Company also issued 158,500 shares of common stock to Stephen Abu, a Company vice president, valued at $4.20 per share or $665,700, as part of the sale of ASHG.

On August 28, 2014 the Company completed a private placement of 314,286 shares of its common stock for cash in the amount of $50,000 to World Wide Investment Fund Ltd., a company controlled by Mr. Brian Mertz, a resident of Denmark.    The offering was exempt from registration under Section 4(a)(2) of the Securities Act and Regulation S.

On October 6, 2014 the Company issued 666,667 shares to World Wide Investment Fund Ltd., 333,333 shares to Stratega ApS, a company controlled by Mr. Mertz, and 885,714 shares to Mr. Brian Mertz, for a total purchase price of $300,000.  The offering was exempt from registration under Section 4(a)(2) of the Securities Act and Regulation S.

On December 2, 2014 the Company issued 66,667 shares to each of the following: Soren Jonassen, Ole Sigetty, and Brian Mertz in lieu of cash payments. The Company expensed an aggregate of $720,004 as compensation expense during the year ended June 30, 2015, which reflected the market price ($3.60 per share) of the Company's stock at the time of the board's approval.

On December 28, 2014 the Company issued 46,667 shares to Hugo Svaneeng Holdings ApS for the purchase of Domain names, which the board of directors valued at $81,667 which reflects the market price ($1.75 per share) of the Company's stock at the time the shares were issued.  The offering was exempt from registration under Section 4(a)(2) of the Securities Act and Regulation S.

From February 19, 2015 through March 10, 2015 the Company completed a series of private placements totaling 137,0004,567 shares of its common stock for cash in the total amount of $137,000 to five investors.  The offering was exempt from registration under Section 4(a)(2) of the Securities Act and Regulation S.


On June 30, 2015, the Company received subscriptions for the purchase of 75,0002,500 shares of its common stock at a purchase price of $2.25$67.50 per pre-reverse stock split share for a total of $168,750.  The shares were purchased pursuant to Common Stock Subscription Agreements dated June 30, 2015.  The offering was exempt from registration under Section 4(a)(2) of the Securities Act and Regulation S.

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On July 9, 2015, the Company completed a private placement of 100,0003,333 shares of its common stock for $2.25$67.50 per pre-reverse stock split share to SDO1 ApS pursuant to a Common Stock Subscription Agreement dated June 30, 2015.  The offering was exempt from registration under Section 4(a)(2) of the Securities Act and Regulation S.


During the three months ended September 30, 2015, the Company issued 30,0001,000 shares of stock to each of its three directors for payment of director fees through June 30, 2016. These shares were recorded at the market price of $4.00$120.00 per share for a total of $360,000. Of this total, $90,000 was expensed during the quarter ended September 30, 2015 and the balance of $270,000 is included in prepaid expenses on the balance sheet.


In July 2016, the Board approved the issuance of 13,961 shares to NR Sports (Neymar).

In July 2016, the Board approved the issuance of 3,714 shares to the Directors.

In September 2015,2016, the Board of Directors approved the payment of $67,500 to each of Jonassen, Sigetty and Mertz for their service as directors and officers for the current year, which amounts were paid in the form of 30,000Company issued 833 unrestricted shares of common stock to Pro Active Capital PCG in exchange for services.

In December 2016, the Company issued 2,000 shares of unregistered common stock to certain employees, directors and service providers in exchange for services.  No cash proceeds were received in connection with such offerings.

In December 2016, the Company sold 95,091 shares of its common stock for $1,426,346 pursuant to one or more private placements.  The Shares were sold at a price of $15 per share. The Shares were offered only to non-U.S. persons outside the United States under an exemption from registration under Regulation S of the Securities Act.  The Shares have not been registered and are subject to certain restrictions on transfer.

On May 18, 2017, the Company entered into an Equity Purchase Agreement dated May 9, 2017 (“Purchase Agreement”) with Kodiak Capital Group, LLC (“Kodiak”), whereby Kodiak agreed to purchase up to 10,000,000 shares of its common stock, par value $0.0001 per share at a price of $0.10 per shares (the resulting in an aggregate gross proceeds to the Company of up to $1,000,000.  In addition, the Company extended a convertible promissory note in the amount of $50,000.  On September 29, 2017, the Company which were recordedissued Kodiak 161,290 shares of its common stock in full settlement of that agreement.

On or about September 26, 2017 the Company entered into Subscription Agreements (“Subscription Agreements”) with Zat Invest, Hans Kjaer Holding and Brian Mertz for book purposes at the market price atpurchase of 666,632 shares of restricted common stock for a total consideration of $201,280.  


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Effective December 1, 2017, we entered into the Purchase Agreement, dated November 22, 2017, with Kodiak. Under the Purchase Agreement, we may from time to time, in our discretion, sell shares of our common stock to Kodiak for aggregate gross proceeds of up to $2,000,000. Unless terminated earlier, Kodiak’s purchase commitment will automatically terminate on the earlier of the awarddate on which Kodiak shall have purchased our shares pursuant to the Purchase Agreement for an aggregate purchase price of $4.00 per share$2,000,000, or December 31, 2020.

On December 14, 2017, the Company issued 150,000 restricted shares of common stock to PCG Holdings, Inc., 100,000 restricted shares to Mark Mersman and 100,000 restricted shares to Scott Cox in exchange for total compensation of $360,000.


services.

The Company relied on the statutory exemption from registration found in Section 4(a)(2) of the Securities Act and comparable Utah and Delaware state provisions and also the provisions of Regulation S for offerings and issuances to non-U.S. persons.  The Company believes that all purchasers would have qualified as accredited investors to the extent that the offerings were conducted under Regulation D.  The Company made no state or SEC filings for such offerings and issuances.


Sale of Registered Securities on Form S-1

In June 2016, the Securities and Exchange Commission declared the Company’s Registration Statement on Form S-1 for the registration of 166,667 (5,000,000 pre-reverse stock split shares) of its common stock to be sold at a price of $27.60 ($0.92 pre-reverse stock split) share.  

In July 2016, the Company sold a total of 50,135(1,504,050 pre-reverse stock split) shares of its common stock pursuant to the Registration Statement.  

In September 2016, the Company issued 3,333(100,000 pre-reverse stock split) shares of registered common stock to We Partners LLC of which 1,812 shares were for cash and 1,522 shares were for services.

In August and September 2016, the Company issued a total of 11,000 shares of registered common stock to JAX Capital Growth for services.  

In December 2016, the Company issued 2,408 pre-reverse stock split shares of registered common stock to certain service providers in exchange for services.  No cash proceeds were received in connection with such issuances. These shares were recorded for book purposes at $21.90 per share, which represented the market price of the Company’s stock at the time of issuance.  

In December 2016, the Company issued 5,000 shares of registered common stock to JAX Capital Growth for services.  These shares were recorded for book purposes at $16.50 per share, which represented the market price of the Company’s stock at the time of issuance.

Except as specifically stated above, all shares sold or issued under the Registration Statement were booked at $27.60 ($0.92 pre-reverse stock split) per share.  The proceeds from such sales were used as stated in the Registration Statement.

Shares Issued in Connection with the Share Exchange

On November 30, 2015, pursuant to the terms of the Share Exchange Agreement, all of the shares of stock of NABUfitNABUFIT Global ApS, a Danish corporation ("NABUfit Denmark"(“NABUFIT Denmark”), were exchanged for 15,500,000516,667 restricted pre-reverse stock split shares of our Common Stock. This transaction was exempt from registration under Section 4(a)(2) of the Securities Act as not involving any public offering, and Regulation S. None of the securities were sold through an underwriter and, accordingly, there were no underwriting discounts or commissions involved.


Sales of Unregistered Securities of NABUfit Denmark
The following list sets forth information as to all securities NABUfit Denmark sold from June 26, 2015 (date of inception) through immediately prior to the consummation of the Share Exchange. The following description is historical and has not been adjusted to give effect to the Share Exchange or the share conversion ratio pursuant to the Share Exchange Agreement.

In connection with the organization of NABUfit Denmark on June 26, 2015, the following persons subscribed for the following number of shares (as adjusted to reflect subsequent issuance and transfers).
Name
Number of Shares of
Common Stock
Aggregate Purchase Price ($)
Maze Holding ApS          9,3561,403
Chunmeilin Holding ApS          9,3561,403
M. Krarup Holding IVS          9,3561,403
F-Reklame A/S          7,2661,090
Mikkel Kessler          4,768715
Ole Krebs          1,727259
Anders Fredsborg             12018
Lars Weibom             874131
GD Investments ApS             874131
On October 8, 2015, NABUfit Denmark issued an aggregate of 6,303 shares of common stock at a price per share of $284.77 (DKK 1,888) for the aggregate gross consideration of approximately $1,795,000 to Danish investors Arne Nilsson, Jan Bech Anderson, Bent Østergaard and LF Investments.
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Name
Number of Shares of
Common Stock
Aggregate Purchase Price ($)
LF Investments2,649$754,355
Bent Østergaard264$75,179
Arne Nilsson211$60,086
Jan Bech Anderson(1)3,179$905,283

(1)Shares deemed beneficially owned by Morton Albaek, a member of the Board of Directors.

Item 16.Exhibits

In connection with the foregoing issuances, the Company redeemed 9,536 shares in exchange for USD $377,250 (DKK 2.5 million) on October 8, 2015.
Item 16. Exhibits


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A list of exhibits filed with this registration statement on Form S-1 is set forth on the Exhibit Index and is incorporated in this Item 16 by reference.

Item 17. Undertakings

(1) Insofar as indemnification for liabilities arising under the Securities Act may be permitted as to directors, officers and controlling persons of the registrant pursuant to the provisions described in Item 14, or otherwise, we have been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, we will, unless in the opinion of our counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

The undersigned registrant hereby undertakes:

(2) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

(i) To include any prospectus required by section 10(a)(3) of the Securities Act of 1933;

(ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increases or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the "Calculation“Calculation of Registration Fee"Fee” table in the effective registration statement;

(iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement.

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(3) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

(4) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

(5) That, for the purpose of determining liability of the registrant under the Securities Act to any purchaser, each prospectus and prospectus supplement filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A (§230.430A of this chapter), shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.

(6) That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities:


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The undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser: (i) any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424; (ii) any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant; (iii) the portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and (iv) any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.

[Rest of Page Left Blank]


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21SIGNATURES


SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this Amendment No.  5 to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, on the 31 st day of August , 2016.


December 28, 2017.

NABUFIT

NEWBRIDGE GLOBAL VENTURES, INC.

By:

/s/ Brian MertzMark Mersman

By:

/s/ Robert Bench

Brian Mertz

Mark Mersman

Robert Bench

Chief Executive Officer

President and

Chief Financial Officer

(Principal Executive Officer)

(Principal Financial and Accounting Officer)

SIGNATURES AND POWER OF ATTORNEY

Each person whose signature appears below constitutes and appoints Brian MertzMark Mersman and Robert Bench or their respective true and lawful attorneys-in-fact and agents, each with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments, including post-effective amendments, to this Registration Statement, and any registration statement relating to the offering covered by this Registration Statement and filed under the Securities Act of 1933, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that each of said attorneys-in-fact and agents or their substitute or substitutes may lawfully so or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, this Amendment No. 41 to the Registration Statement has been signed by the following persons in the capacities and on August 31 , 2016.

December 28, 2017.

Signature

Title

Date

/s/ Brian MertzMark Mersman

Chief Executive Officer and Director

August 31 , 2016

 December 28, 2017

Brian Mertz

Mark Mersman

(Principal Executive Officer)

/s/ Robert Bench

President and

Chief Financial Officer

August 31 , 2016

 December 28, 2017

Robert Bench

(Principal Accounting Officer)

/s/ Mads H. FrederiksenScott Cox

Chairman of the Board

President, Director

August 31 , 2016

 December 28, 2017

Mads H. Frederiksen

Scott Cox

/s/ Soren JonassenBrian Mertz

Director

August 31 , 2016

 December 28, 2017

Soren Jonassen

Brian Mertz

/s/ Morten KrarupBen Esque

Director

August 31 , 2016

 December 28, 2017

Morten Krarup

Ben Esque

/s/ Morten Nodgaard AlbaekDirectorAugust 31 , 2016
Morten Nodgaard Albaek

/s/ Ole Sigetty

Director

August 31 , 2016

 December 28, 2017

Ole Sigetty


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Exhibit Index

Description

No.

Description

  2.1

Agreement and Plan of Share Exchange, dated as of October 8, 2015, by and among CryptoSign, Inc., NABUfit Global ApS and the shareholders of NABUfit Global ApS (incorporated by reference to Exhibit 10.1 to Registrant's Current Report on Form 8-K filed on October 13, 2015).

3.1

  2.2Amendment to the Agreement and Plan of Share Exchange, dated as of November 1, 2015, by and among CryptoSign, Inc., NABUfit Global ApS and the shareholders of NABUfit Global ApS (incorporated by reference to Exhibit 2.2 to Registrant's Current Report on Form 8-K filed on December 3, 2015).
  3.1

Certificate of Incorporation of BayHill Capital Corporation, dated April 24, 2008 (incorporated by reference as Exhibit 99.5 to Form 8-k filed on April 30, 2008).

3.2

  3.2

Certificate of Amendment of Certificate of Incorporation Registrant, filed on March 19, 2012. (incorporated by reference to Exhibit 3.3 to Form 8-K filed on April 5, 2012).

3.3

  3.3

Amended and Restated Certificate of Incorporation, effective December 15, 2014 (incorporated by reference as Exhibit 3.2 to Form 8-K filed on December 24, 2014).

3.4

Certificate of Amendment to Amended and Restated Certificate of Incorporation, effective June 29, 2015.

2015 (incorporated by reference as Exhibit 3.4 to Form S-1 filed on June 6, 2016)

3.5

Certificate of Amendment to Amended and Restated Certificate of Incorporation, effective December 10, 2015 (incorporated by reference to Exhibit 2.2 to Registrant'sRegistrant’s Current Report on Form 8-K filed on December 3, 2015).

3.6

Amended and Restated Certificate of Incorporation, effective June 27, 2017 (incorporated by reference to Exhibit 3.6 to Form S-1 filed on July 31, 2017).

  3.6

3.7

Bylaws of BayHill Capital Corporation, as adopted on May 12, 2008 (incorporated by reference to Exhibit 3.1 to Form 10-KSB filed on May 14, 2008).

3.8

Certificate of Amendment to Amended and Restated Certificate of Incorporation, effective November 21, 2017.

4.1

Form of Common Stock Certificate*

5.1

  5.1
LP

10.1

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  10.2  Form of Stock Common Stock Subscription Agreement**

10.2

Registration Rights Agreement dated December 1, 2017 (incorporated by reference as Exhibit 10.2 to Form 8-K filed on December 8, 2017).

10.3

  Private Placement and

Advisory Agreement with ArrowheadKodiak Capital Advisors, a division of Trump Securities, LLC, dated August 19, 2016.**

10.4

Convertible Promissory Note with Kodiak Capital

  23.1

10.5

Amendment to Note with Kodiak Capital

10.6

Settlement Agreement with Kodiak Capital

23.1

Consent of Sadler, Gibb & Associates LLC**LLC

23.2

  23.2

Consent of Carman Lehnhof Israelsen, LP (included in Exhibit 5.1)

24.1

  24.1

Power of Attorney (included on the signature pages hereof)**

*

 *

To be filed by amendment.

  ** Filed with ths post-effective amendment
  *** Previously filed


57

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