3) Per unit price or other underlying
value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated
and state how it was determined):
THIS IS NOT
A NOTICE OF A MEETING OF STOCKHOLDERS AND NO STOCKHOLDERS’ MEETING WILL BE HELD TO CONSIDER ANY MATTER DESCRIBED HEREIN.
This Information
Statement is being mailed on or about February __, 2014, to the holders of record of the common stock, par value $.001 per share
(the “Common Stock”), of United American Petroleum Corp. (the “Company,” “we,” “our”
or “us”) as of February __, 2014. This Information Statement is being furnished to provide notice with respect to the
approval of an amendment and restatement of our articles of incorporation to increase the number of authorized shares of our Common
Stock from 100,000,000 to 750,000,000. This amendment was approved by written consent of the holders of a majority of the voting
power of the Company.
You are encouraged
to read the attached Information Statement, including the form of Amended and Restated Articles of Incorporation attached as Exhibit
A (which contains the amendments contemplated by action 1, above) for further information regarding these actions. In accordance
with Rule 14c-2 under the Securities Exchange Act of 1934, as amended, the actions described herein will be deemed ratified and
effective at a date that is at least 20 calendar days after the date this Information Statement has been mailed to our record stockholders.
We anticipate this date to occur on or about the close of business on February __, 2014.
This Information
Statement is being furnished to you solely for the purpose of informing stockholders of the matters described herein in compliance
with Regulation 14C of the Securities Exchange Act of 1934, as amended.
INFORMATION STATEMENT
Action by Written Consent of Majority
Stockholders
_____________________________
WE ARE NOT ASKING YOU FOR A
PROXY AND
YOU ARE REQUESTED NOT TO SEND US A PROXY
_____________________________
This Information
Statement is being furnished, pursuant to Section 14C of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
to the holders of our common stock on the record date to provide notice to you of certain actions approved by the written consent
of the holders of a majority of the outstanding shares of our common stock. Pursuant to Rule 14c-2 of the Exchange Act, these actions
cannot become effective until at least 20 days after the mailing of this Information Statement.
GENERAL INFORMATION
On January
30, 2014, our Board of Directors (“Board”) and holders of a majority of the voting power of the Company approved the
amendment of our articles of incorporation to increase the number of authorized shares of our Common Stock to 750,000,000.
On January
30, 2014, the Company received a written consent in lieu of a meeting of stockholders from stockholders holding approximately 64.14%
of the voting power of the Company, which was sufficient to achieve stockholder approval of these actions. These shares are owned
of record by Michael Carey, our Chief Executive Officer, and Ryan Hudson, our Chief Operating Officer.
INCREASE
IN AUTHORIZED SHARES
On January
30, 2014, the Board and holders of a majority of the voting power of the Company approved amending our articles of incorporation
to increase the number of our authorized shares of common stock to 750,000,000.
Purpose for the Increase in Authorized Common Stock
The Company
has entered into several convertible promissory notes (“Notes”). These Notes are convertible at a discount to our stock
price. The creditors under these Notes have begun converting the amounts owned under the Notes into Common Stock as permitted by
the Notes. As a result of this, the Company has few authorized shares left to issue to these creditors under their Notes.
These agreements
require the Company to maintain a certain number of shares available for issuance to creditors that wish to convert their Notes
into Common Stock. As a result, the Company must increase the number of authorized common shares in order to fulfill its obligations
under the Notes in order to avoid default. In addition to complying with its existing obligations under the Notes, the Board has
determined that it is in the best interest of the Company to maintain good relations with these creditors so that the Company may
access additional capital in the future.
Further, the
Board believes it is in the Company’s best interest to have additional shares of common stock authorized for general corporate
purposes, including acquisitions, equity financings and grants of stock and stock options. The increase in authorized shares has
been determined by the Board to allow for these possibilities and to provide for a sufficient amount of common stock to support
its expansion and future financing activities, if any. Other than set forth in the above agreements, there are no present plans
for significant future issuances. When the Board deems it to be in the best interest of the Company and stockholders to issue additional
shares of Common
Stock in the
future, the Board will not seek further authorization by vote of the stockholders, unless such authorization is otherwise required
by law or regulation.
INTEREST
OF CERTAIN PERSONS IN OR OPPOSITION TO MATTERS TO BE ACTED UPON
Except as disclosed
elsewhere in this Information Statement, none of the following persons have any substantial interest, direct or indirect, by security
holdings or otherwise in any matter to be acted upon:
1. Any director
or officer of our Company since January 1, 2013, being the commencement of our last completed fiscal year;
2. Any proposed
nominee for election as a director of our Company; and
3. Any associate
or affiliate of any of the foregoing persons.
The shareholdings
of our directors and officers are set forth below in the section entitled "Security Ownership of Certain Beneficial Owners
and Management."
SECURITY
OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
The following
table sets forth certain information regarding the beneficial ownership of our common stock as of January 30, 2014 by (i) each
person or entity known by us to be the beneficial owner of more than 5% of the outstanding shares of common stock, (ii) each of
our directors, (iii) our executive officers, and (iv) all of our directors and executive officers as a group.
The number
and percentage of shares beneficially owned is determined under Rule 13d-3 as promulgated under the Securities Exchange Act of
1934, as amended, by the Securities and Exchange Commission, and the information is not necessarily indicative of beneficial ownership
for any other purpose. Under such rules, beneficial ownership includes any shares as to which the individual has sole or shared
voting power or dispositive power and also any shares that the individual has the right to acquire within sixty (60) days through
the exercise of any stock option or other right.
We believe
that, except as otherwise noted and subject to applicable community property laws, each person named in the following table has
sole investment and voting power with respect to the shares of common stock shown as beneficially owned by such person. Unless
otherwise indicated, the address for each of the officers or directors listed in the table below is 9600 Great Hills Trail, Suite
150W, Austin, Texas 78759.
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Shares of Common Stock
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Shares of Series
B Preferred Stock (2)
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Total Voting Shares Owned (2)
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Name and Address of Beneficial Owner
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Number
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Percentage
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Number
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|
Percentage
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Number
|
|
Percentage
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Officers and Directors
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|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
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Michael Carey
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6,350,000 (1)
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6.5
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%
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500
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|
|
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50
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%
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57,047,322 (2)
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28.69
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%
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Ryan Hudson
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6,450,000 (3)
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6.6
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%
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500
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|
|
|
50
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%
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|
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57,147,322 (2)
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|
|
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28.74
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%
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(All Officers and Directors as a Group (2 persons))
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12,800,000
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|
|
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13.1
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%
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|
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1,000
|
|
|
|
100
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%
|
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114,194,644 (2)
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|
|
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57.44
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%
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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5% Shareholders
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
|
|
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Mighty Falcon Ltd. (4)
Room 1004, Harvest Building
29-37 Wing Kut Street
Central K3, Hong Kong
|
|
|
6,950,000
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|
|
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7.1
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%
|
|
|
—
|
|
|
|
—
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|
|
|
6,950,000
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|
|
|
7.1
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%
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Percentage
ownership in the table above is based on 97,418,383 shares of common stock issued and outstanding and 1,000 shares of Series B
Preferred Stock issued and outstanding, which have the right to vote 101,394,644 voting shares, resulting in a total of 198,813,027
total voting shares outstanding as of January 29, 2014.
(1) Includes
5,000,000 shares of common stock held in the name of Carey Partners, Ltd., which entity and therefore which shares, are beneficially
owned by Mr. Carey.
(2) The Series
B Preferred Stock have the right, voting in aggregate, to vote on all shareholder matters (including, but not limited to at every
meeting of the stockholders of the Company and upon any action taken by stockholders of the Company with or without a meeting)
equal to fifty-one percent (51%) of the total vote, which percentage is equal to 101,394,644 voting shares as of January 29, 2014.
(3) Includes
5,000,000 shares of common stock held in the name of Chitex Family Limited Partnership, which entity and therefore which shares,
are beneficially owned by Mr. Carey.
(4) Bill Cheung
holds voting and dispositive power over the shares of Mighty Falcon Ltd.
DISSENTERS’
RIGHTS OF APPRAISAL
The Nevada
Revised Statutes do not provide for dissenters’ right of appraisal in connection with any of the approved matters discussed
in this Information Statement.
ADDITIONAL
INFORMATION
We are subject
to the disclosure requirements of the Securities Exchange Act of 1934, as amended, and in accordance therewith, file reports, information
statements and other information, including annual and quarterly reports on Form 10-K and 10-Q, respectively, with the Securities
and Exchange Commission (the "SEC"). Reports and other information filed by the Company can be inspected and copied at
the public reference facilities maintained by the SEC at Room 1024, 450 Fifth Street, N.W., Washington, DC 20549. Copies of such
material can also be obtained upon written request addressed to the SEC, Public Reference Section, 450 Fifth Street, N.W., Washington,
D.C. 20549 at prescribed rates. In addition, the SEC maintains a web site on the Internet (http://www.sec.gov) that contains reports,
information statements and other information regarding issuers that file electronically with the SEC through the Electronic Data
Gathering, Analysis and Retrieval System.
Our Annual
Report on Form 10-K for the fiscal year ended December 31, 2012, filed with the SEC on April 16, 2013 is incorporated herein by
reference.
You may request
a copy of these filings, at no cost, by writing to the Company at 9600 Great Hills Trail, Suite 150W, Austin, Texas 78759, or
telephoning the Company at (512) 852-7888. Any statement contained in a document that is incorporated by reference will be modified
or superseded for all purposes to the extent that a statement contained in this Information Statement (or in any other document
that is subsequently filed with the SEC and incorporated by reference) modifies or is contrary to such previous statement. Any
statement so modified or superseded will not be deemed a part of this Information Statement except as so modified or superseded.
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By Order of the Board of Directors
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/s/ Michael Carey
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Michael Carey
Chief Executive Officer
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EXHIBIT A
AMENDED AND
RESTATED
ARTICLES
OF INCORPORATION OF
UNITED AMERICAN
PETROLEUM CORP.
PURSUANT
TO SECTIONS 78.390 AND 78.403 OF THE
NEVADA REVISED
STATUTES
United American
Petroleum Corp., a corporation organized and existing under the laws of the State of Nevada (the “Corporation”), hereby
certifies as follows:
1. The original
Articles of Incorporation of the Corporation were filed with the Secretary of State of the State of Nevada on November 19, 2004.
2. These Amended
and Restated Articles of Incorporation, which amend the provisions of the Articles of Incorporation, as heretofore amended, have
been duly adopted by the Board of Directors of the Corporation and by action by written consent of the stockholders of the Corporation
in lieu of a meeting, in accordance with the provisions of Section 78.320 of the Nevada Revised Statutes (“N.R.S.”)
and, upon filing with the Secretary of State of the State of Nevada in accordance with the N.R.S., shall thenceforth supersede
the original Articles of Incorporation, as heretofore amended, and shall, as it may thereafter be amended in accordance with its
terms and applicable law, be the Articles of Incorporation of the Corporation.
3. The text
of the Articles of Incorporation, as heretofore amended, is hereby amended and restated in its entirety to read as follows:
Article I
The name of
the corporation (hereinafter referred to as the “Corporation”) is:
“United
American Petroleum Corp.”
Article II
The address
of the Corporation’s registered office in the State of Nevada is 2215-B Renaissance Drive, Las Vegas, Nevada 89119. The name
of the Corporation’s registered agent at such address is CSC Services of Nevada, Inc.
Article III
The purpose
of the Corporation shall be to engage in any lawful act or activity for which corporations may be organized and incorporated under
the Nevada Revised Statutes (the “N.R.S.”).
Article IV
(a) Authorized
Capital Stock. The total number of shares of stock that the Corporation shall have authority to issue is 760,000,000, consisting
of (i) 750,000,000 shares of Common Stock, par value $0.001 per share (“Common Stock”) and (ii) 10,000,000 shares of
Preferred Stock, par value $0.001 per share (“Preferred Stock”).
(b) Preferred
Stock. Preferred Stock may be issued from time to time in one or more series. The Board of Directors is hereby authorized to provide
for the issuance of shares of Preferred Stock in series and, by filing a certificate pursuant to the N.R.S. (hereinafter, along
with any similar designation relating to any other class of stock that may hereafter be authorized, referred to as a “Preferred
Stock Designation”), to establish from time to time the number of shares to be included in each such series, and to fix the
designation, powers, preferences and rights of the shares of
each such series
and the qualifications, limitations and restrictions thereof. The authority of the Board of Directors with respect to each series
shall include, but not be limited to, determination of the following:
(i) The designation
of the series, which may be by distinguishing number, letter or title.
(ii) The number
of shares of the series, which number the Board of Directors may thereafter (except where otherwise provided in the Preferred Stock
Designation) increase or decrease (but not below the number of shares thereof then outstanding).
(iii) The amounts
payable on, and the preferences of, if any, shares of the series in respect of dividends, and whether such dividends, if any, shall
be cumulative or noncumulative.
(iv) Dates
on which dividends, if any, shall be payable.
(v) The redemption
and exchange rights and price or prices, if any, for shares of the series.
(vi) The terms
and amount of any sinking fund provided for the purchase or redemption of shares of the series.
(vii) The amounts
payable on and the preferences, if any, of shares of the series in the event of any voluntary or involuntary liquidation, dissolution
or winding up of the affairs of the Corporation.
(viii) Whether
the shares of the series shall be convertible into or exchangeable for shares of any other class or series, or any other security,
of the Corporation or any other corporation, and, if so, the specification of such other class or series of such other security,
the conversion or exchange price or prices or rate or rates, any adjustments thereof, the date or dates at which such shares shall
be convertible or exchangeable, and all other terms and conditions upon which such conversion or exchange may be made.
(ix) Restrictions
on the issuance of shares of the same series or of any other class or series.
(x) The voting
rights, if any, of the holders of shares of the series.
(xi) Provisions
that adjust the number or exercise price of such rights or amount or nature of the stock or other securities or property receivable
upon exercise of such rights in the event of a combination, split or recapitalization of any stock of the Corporation, a change
in ownership of the Corporation’s stock or other securities or a reorganization, merger, consolidation, sale of assets or
other occurrence relating to the Corporation or any stock of the Corporation, and provisions restricting the ability of the Corporation
to enter into any such transaction absent an assumption by the other party or parties thereto of the obligations of the Corporation
under such rights.
(xii) Provisions
that deny the holder of a specified percentage of the outstanding stock or other securities of the Corporation the right to exercise
such rights and/or cause the rights held by such holder to become void.
(xiii) The
appointment of a rights agent with respect to such rights.
(c) Common
Stock. The Common Stock shall be subject to the express terms of the Preferred Stock and any series thereof. Each share of Common
Stock shall be equal to each other share of Common Stock. Except as may be provided in these Amended and Restated Articles of Incorporation
or in a Preferred Stock Designation, the holders of shares of Common Stock shall be entitled to one vote for each such share upon
all questions presented to the stockholders.
(d) Voting
Rights. Except as may be provided in these Amended and Restated Articles of Incorporation or in a Preferred Stock Designation,
or as may be required by applicable law, the Common Stock shall have the exclusive right to vote for the election of directors
and for all other purposes, and holders of Preferred Stock shall not be entitled to receive notice of any meeting of stockholders
at which they are not entitled to vote.
Article V
(a) Each person
who is or was or had agreed to become a director or officer of the Corporation, or each such person who is or was serving or who
had agreed to serve at the request of the Board of Directors or an officer of the Corporation as a director, officer or trustee
of another corporation, partnership, joint venture, trust or other enterprise (including the heirs, executor, administrators or
estate of such person), shall be indemnified by the Corporation, in accordance with the Bylaws of the Corporation, to the fullest
extent permitted from time to time by the N.R.S. as the same exists or may hereafter be amended (but, in the case of any such amendment,
only to the extent that such amendment permits the Corporation to provide broader indemnification rights than said law permitted
the Corporation to provide prior to such amendment) or any other applicable laws as presently or hereafter in effect.
(b)
The Corporation may, by action of the Board of Directors or through the adoption of Bylaws, provide indemnification to employees
and agents of the Corporation, and to persons serving as employees or agents of another corporation, partnership, joint venture,
trust or other enterprise, at the request of the Corporation, with the same scope and effect as the foregoing indemnification of
directors and officers. The Corporation shall be required to indemnify any person seeking indemnification in connection with a
proceeding (or part thereof) initiated by such person only if such proceeding (or part thereof) was authorized by the Board of
Directors or is a proceeding to enforce such person’s claim to indemnification pursuant to the rights granted by these Amended
and Restated Articles of Incorporation or otherwise by the Corporation.
(c) The right
to indemnification conferred in this Article V shall be a contract right and shall include the right to be paid by the Corporation
the expenses incurred in defending any such proceeding in advance of its final disposition, such advances to be paid by the Corporation
within twenty (20) days after the receipt by the Corporation of a statement or statements from the claimant requesting such advance
or advances from time to time; provided, however, that if the N.R.S. requires, the payment of such expenses incurred by such a
person in his or her capacity as such a director or officer of the Corporation in advance of the final disposition of a proceeding
shall be made only upon delivery to the Corporation of an undertaking by or on behalf of such director or officer to repay all
amounts so advanced if it shall ultimately be determined that such director or officer is not entitled to be indemnified under
this Article V or otherwise.
(d) Without
limiting the generality or the effect of the foregoing, the Corporation may enter into one or more agreements with any person that
provide for indemnification greater or different than that provided in this Article V.
(e) Neither
any amendment or repeal of any Section of this Article V, nor the adoption of any provision of these Amended and Restated Articles
of Incorporation or the Bylaws of the Corporation inconsistent with this Article V, shall adversely affect any right or protection
of any director, officer, employee or other agent established pursuant to this Article V existing at the time of such amendment,
repeal or adoption of an inconsistent provision, including without limitation by eliminating or reducing the effect of this Article
V, for or in respect of any act, omission or other matter occurring, or any action or proceeding accruing or arising (or that,
but for this Article V, would accrue or arise), prior to such amendment, repeal or adoption of an inconsistent provision.
Article VI
(a) The liability
of the directors of the Corporation for monetary damages shall be eliminated to the fullest extent permitted by the N.R.S., as
now or hereafter in effect. If the N.R.S. is amended to authorize corporate action further eliminating or limiting the personal
liability of directors, then the liability of a director of the Corporation shall be eliminated to the fullest extent permitted
by the N.R.S., as so amended.
(b) Neither
any amendment or repeal of any Section of this Article VI, nor the adoption of any provision of these Amended and Restated Articles
of Incorporation or the Bylaws of the Corporation inconsistent with this Article VI, shall adversely affect any right or protection
of any director established pursuant to this Article VI existing at the time of such amendment, repeal or adoption of an inconsistent
provision, including without limitation by eliminating or reducing the effect of this Article VI, for or in respect of any act,
omission or other matter occurring, or any action or proceeding accruing or arising (or that, but for this Article VI, would accrue
or arise), prior to such amendment, repeal or adoption of an inconsistent provision.
IN WITNESS
WHEREOF, American United Petroleum Corp. has caused these Amended and Restated Articles of Incorporation to be signed by the undersigned
officer, thereunto duly authorized, this ___ day of February, 2014.
UNITED AMERICAN
PETROLEUM CORP.
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By:_________________________________
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