Statement of Beneficial Ownership (sc 13d)
07 May 2019 - 5:37AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D
Under
the Securities Exchange Act of 1934
(Amendment
No. ________)*
Mobicard
Inc.
(Name
of Issuer)
Common
(Title
of Class of Securities)
001-33968
(CUSIP
Number)
2360
Corporate Circle, Suite 400, Henderson, NV 89074-7722
(Name,
Address and Telephone Number of Person
Authorized
to Receive Notices and Communications)
May
6, 2019
(Date
of Event which Requires Filing of this Statement)
If
the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule
13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ]
Note
:
Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7
for other parties to whom copies are to be sent.
*
The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect
to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided
in a prior cover page.
The
information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section
18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the Notes).
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CUSIP No. 001-33968
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13D
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Page
2
of 4 Pages
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1.
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NAMES
OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
2050
Motors, Inc. EIN #83-3889101
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2.
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
(a) [ ]
(b) [X]
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS (see instructions)
OO
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5.
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CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6.
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CITIZENSHIP
OR PLACE OF ORGANIZATION
California
C-Corp., United States
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NUMBER OF
SHARES BENEFICIALLY OWNED BY
EACH
REPORTING
PERSON WITH
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7.
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SOLE
VOTING POWER
210,000,000
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8.
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SHARED
VOTING POWER
-
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9.
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SOLE
DISPOSITIVE POWER
210,000,000
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10.
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SHARED
DISPOSITIVE POWER
-
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11.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
210,000,000
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12.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) [ ]
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13.
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.1%
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14.
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TYPE
OF REPORTING PERSON (see instructions)
CO
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CUSIP No. 001-33968
|
13D
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Page
3
of 4 Pages
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Item
1. Security and Issuer.
This
Schedule 13D relates to the common shares of Peer to Peer Network aka Mobicard Inc. The address of the principal executive office
of Peer to Peer Network is 65 Prospect Street, Cambridge, ME 02139. Its phone number is (857) 529-7407 and website is
www.freemobicard.com
.
Item
2. Identity and Background.
This
Schedule 13D is filed by 2050 Motors, Inc., a business incubation Company that plans majority and minority investments in various
entities and whose CEO and controlling party is Vikram Grover. 2050 Motors’ principal business and principal office address
is 1340 Brook St. Unit M, St Chares, IL 60174.
During
the last five years, none of the Reporting Persons (i) has been convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors) or (ii) was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction
and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws.
Item
3. Source or Amount of Funds or Other Consideration.
On
May 5, 2019, 2050 Motors, Inc. entered into a Purchase Agreement between 2050 Motors and Vikram Grover (the “Purchase Agreement”)
pursuant to which 2050 Motors agreed to purchase, subject to the terms and conditions set forth therein, 210,000,000 common shares
of Peer to Peer Network (the “Shares”) for a total purchase price of $483,000. The source of consideration by 2050
Motors, Inc. for the Shares is 400,000 1% Cumulative Convertible Series B Preferred Shares.
Item
4. Purpose of Transaction.
Strategic
Investment
Item
5. Interest in Securities of the Issuer.
Activist
Item
6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
Contract
executed between 2050 Motors, Inc. and Vikram Grover on May 5, 2019 to acquire 210,000,000 common shares of Peer to Peer Network
from Vikram Grover.
Item
7. Material to Be Filed as Exhibits.
Securities
Purchase Agreement (“SPA”) dated May 5, 2019 between 2050 Motors, Inc. and Vikram Grover.
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CUSIP No. 001-33968
|
13D
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Page
4
of 4 Pages
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SIGNATURE
After
reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true,
complete and correct.
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COMPANY
NAME
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/s/
Vikram Grover, CEO
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Vikram
Grover
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Peer to Peer Network (PK) (USOTC:PTOP)
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