1. ?35 (Official Form 5) (12/022pse 09-12509-EPK Doc 1 Filed 02/13/09 Page 1 of 5 United States Bankruptcy Court INVOLUNTARY Southern District of Florida PETITION IN RE (Name of Debtor - If Individual: Last. First, Middle) Neptune Industries. Inc. ALL OTHER NAMES used by debtor in the last 8 years (Include married, maiden, and trade names.) Unknown Last four digits of Social-Security or other lndividual?s bio/Complete EIN (If more than one, state all): 65-0838060 STREET ADDRESS OF DEBTOR (No. and street, city. state, and zip code) 21218 St. Andrews Boulevard, Suite 645 Boca Raton, Florida 33433 COUNTY OF RESIDENCE OR PRINCIPAL PLACE OF BUSINESS Palm Beach County ZIP CODE 33433 MAILING ADDRESS OF DEBTOR (If different from street address) ZIP CODE LOCATION OF PRINCIPAL ASSETS OF BUSINESS DEBTOR (If different from previously listed addresses) CHAPTER OF BANKRUPTCY CODE UNDER WHICH PETITION IS FILED Chapter 7 Chapter II INFORMATION REGARDING DEBTOR (Check applicable boxes) Petitioners believe: El Debts are primarily consumer debts Partnership Corporation (Includes LLC and LLP) Nature of Debts Type of Debtor Nature of Business (Check one box.) (Form Of Organization) (Check one box.) Individual (Includes Joint Debtor) Health Care Business El Single Asset Real Estate as de?ned in 11 U.S.C. Railroad IE Debts are primarily business debts Other (If debtor is not one of the above entities, I:l Stockbroker check this box and state type of entity below.) Commodity Broker I: Clearing Bank XI Other VENUE Debtor has been domiciled or has had a residence, principal place of business, or principal assets in the District for 180 days immediately preceding the date of this petition or for a longer part ofsuch 580 days than in any other District. A bankruptcy case concerning debtor?s af?liate, general partner or partnership is pending in this District. FILING FEE (Check one box) '3 Full Filing Fee attached Petitioner is a child support creditor or its representative, and the form speci?ed in 304(g) of the Bankruptcy Reform Act of 1994 is attached. [Ifa child support creditor or its representative is a petitioner. and ifrhe petitioner ?les theform specified in 3 04 thhe Bankruptcy Reform Act of 1994, no fee is required] PENDING BANKRUPTCY CASE FILED BY 0R AGAINST ANY PARTNER OR AFFILIATE OF THIS DEBTOR (Report infomtation for any additional cases on attached sheets.) Name of" Debtor Case Number Date Not applicable - Relationship District Judge ALLEGATIONS (Check applicable boxes) COURT ONLY I. Petitioner(s) are eligible to ?le this petition pursuant to I U.S.C. 303(b). CD 1 2. The debtor is a person against whom an order for rehet may be entered under title I of the United 3 T1 States Code, I my; 3.21. The debtor is generally not paying such debtor?s debts as they become due, unless such debts are 5:39 C. ?93 i the subject of a bona ?de dispute as to liability or amountWithin [20 days preceding the ?ling of this petition, a custodian, other than a trustee. receiver, or (-25 g; 4. I 1 agent appointed or authorized to take charge ofless titan substantially all ot?the property of the I debtor for the purpose of enforcing a lien against such property, was appointed or took possession r) I 7? 75;) I 5 Greenberg Traurig, PA. I Attorneys at Law I I22I Brickell Avenue I Miami, FL 33I3I I Tel 305.579.0500 I Fax 305.579.07I7 I i r: Case 09-12509-EPK Doc 1 Filed 02/13/09 Page 2 of 5 B5 (Of?cial Form 5) (12/07) Page 2 Name of Debtor Neptune Industries, Inc. Case No. TRANSFER OF CLAIM Check this box if there has been a transfer of any claim against the debtor or to any petitioner. Attach all documents that evidence the transfer and any statements that are required under Bankruptcy Rule 1003(a). REQUEST FOR RELIEF Petitioner(s) request that an order for relief be entered against the debtor under the chapter of title 11, United States Code, speci?ed in this petition. If any petitioner is a foreign representative appointed in a foreign proceeding, a certi?ed copy of the orch the court granting recognition is attached. r(s) declare under enalty of perjury that the foregoing is true (1 corr according to the best of their knowledge information and Zillio?i Sig?titture of Petitioner WRepresentative (State title) nature of Attyy lDate/ Arms Reach Fisheries, LLC uis Salazar Name of Petitioner Date Signed Name of Attorney Firm (If any) Greenberg Traurig, RA. 1221 Brickell Avenue Miami, FL 33131 Name Mailing Address 757 Southeast 17th Street, Suite 110 Address of Individual Fort Lauderdale, Florida 33316 (305) 579-0500 Signing in Representative Telephone No. Capacity Sole Member Signature of Petitioner or Representative (State title) Signature of Attorney Date Sandor Master Capital Fund LP Name of Petitioner Date Signed Luis Salazar Name of Attorney Firm (If any) Greenberg Traurig, RA. 1221 Brickell Avenue Name Mailing Miami, FL 33131 2828 Routh Street, Suite Address of Individual 500, Dallas, TX 75201 (305) 579-0500 Signing in Representative Telephone No. Capacity John Lemak, General Partner Signature of Petitioner or Representative (State title) Signature of Attorney Date Charles E. Landahl, Jr Name of Petitioner Date Signed Name Mailing 1195 Saratoga Avenue Steamboat Springs, CO Address of Individual 80477 Signing in Representative Capacity Luis Salazar Name of Attorney Firm (If any) Greenberg Traurig, RA. 1221 Brickell Avenue Miami, FL 33131 (_305) 579-0500 Telephone No. Case 09-12509-EPK Doc 1 Filed 02/13/09 Page 3 of 5 35 (Of?cial Form 5) (12/07)? Page 2 Name ofDebtm' Neptune Industries, Inc. Case No~ TRANSFER OF CLAIM El Check this box it" there has been a transfer of any claim against the debtor or to any petitioner. Attach all documents that evidence the transfer and any statements that are required under Ban kruptey Rule 10030:). REQUEST FOR RELIEF Petitionerfa) request that an order for rcliel.? be entered against the dehtor under the chapter oftitlc "i . United States Code, speci?ed in this petition. litany petitioner is a foreign representative appriintcd in a Foreign proceeding, a certi?ed copy of the order of the court granting recognition is attached. Petitione?s) declare under penalty of perjury that the foregoing is true and correct according to the best of their knowledge information an belief. Signature of Petitioner ot? Representative (State title) Arms Reach Fisheries, LLC Signature of Attorney Lu is Salaza Date Name ofPetitioner Date Signed Name 3: Mailing "757 Southeast 17'? Street, Suite .1 10 Address oflndividual Fort .Lauderdalc, Florida 33316 Signing in Representative Capacity ,7 Name of Attorney Firm (if any) Greenberg Traurig, PA. 122! ?Briekell Avenue Miami, FL 3313.1 Address (305) 579-0500 Telephone-No. y/nl?? I. I 1' Si gnarl.? Petitioner or'Representative (State t1tlc)/ Signatur?f Attorney Date Sandor Master Capital Fund LP 2' f9 96 Name of Petitioner Datel Signed Luis Salazar Name of Attorney Firm (Irony) Greenberg Traurig, FLA. 122] Bricks" Avenue Name 3: Mailing Miami, FL 3313? 2828 Routh Street, Suite Address 500, Dallas, TX 75201 (305) 579?0500 Signing in Representative Telephone No. Capacity John Lemak. General Partner at Signature of Petitioner or RODTGSentativc (State title) Signature of Attorney Date Charles E. Landahl, Jr. Name of Petitioner Date Signed Name .8: Mailing, 1.195 Saratoga Avenue Luis Salazar Name of Attorney Firm (Iftmy) Greenberg Traurig, EA. ?122] 'Briekell Avenue Miami, FL 33131 Steamboat Springs, CO Address eflndividual 131477 (305) 579-0500 Signing in Represenuttive Telephone No. Capacity Greenberg Traurig, PA. I Attorneys at Law I 1221 Brickeil Avenue I Miami. FL 33131 I Tel 305.579.0500 I Fax 305.579.0717 I Case 09-12509-EPK Doc 1 Filed 02/13/09 Page 4 of 5 Its Form 5) -- Plan 2 Name of NIptunc Industries. Inc. Cue No. TRANSFER OF CLAIM Check thin box tftharn has boon It transfu- nf any claim against tit: or to any Attach all documents that . avidnnc: tit: truna?st? and any statement: that are reguirod undnr Bandung): Rule 1003(2). REQUEST FOR RELIEF that an order for nail-f h: amend against debtor under of i i. Unitnti Staten Coda. specttind in thin petition. if tiny petitioner is thrcinn Ippnintnd in tt foreign grounding. a certi?ed copy ofthe om:- amt: court granting recognition is antenna. denim under that the {ongoing i: turn: and cat-tact according to tht: but of their knowledge information and baiinf. :0 Signature of Petitioner (State title) Signaturc of Attorney Date Anni Ranch Filbert", LLC Lula Salazar Name of Petitioner Date: Signed Name of Finn (If my) Gwen berg Tran rig. PA. 1221 Ericka" Manna Ml, FL 33131 Name at Mailing Addams 1'57 17? Stunt, sum 110 Adams of indlvittual Fort Florida 33316 Q05) 579-0500 Signing in Representative Telephone No. Capacity Sula Member )0 . Signature of Petitiunttr or (Sum: title) 9f Attorney mu Sandor Mutnr Fund LP Nun: Dun Signal Lulu Salazar Nun: of Attorney Finn (If my) Cit-embers Tran rig, PA. 1221 Bricks]! Manna Nam: at Mailing Miami, 5; 33131 2828 Routh 5mm. Suits Mares-onudlvm-al . Signing in No. mm?, Inhn Lgnak. Gonna! Partner I I It (I. lit-IV! I. i LII, [a Signatnrn ?Petitioner or titln) Charles E. Jr. Hume oi? Petitioner Date Signed _L_ul Salazar .. Nam: anitomny Firm Tutu-lg. BA. 1111 Briciteil Avenue Nam: 30 F, 7 7125?}; 5 MiamgF_L_3_3]31 H95 Sat-atop Avcnun Stumbont Springs, CO Address 80477 (305) 579-0500 Signing In Representatiw Tainphone Na. Capacity Greenberg Traurig, P.A. I Attorneys at Law I 122i Brickell Avenue I Miami, FL I Tei305.579.0500 I Fax 305.579.07i7 I Case 09-12509-EPK Doc 1 Filed 02/13/09 Page 5 of 5 PETITIONING CREDITORS Name and Address of Petitioner Arms Reach Fisheries, LLC 757 Southeast 17th Street, Suite 110 Fort Lauderdale, Florida 33316 Nature of Claim Convertible Debenture Noteholder Amount of Claim $500,000.00 Name and Address of Petitioner Sandor Capital Master Fund, c/o John Lemak, General Partner 2828 Routh Street, Suite 500 Dallas, TX 75201 Nature of Claim Convertible Debenture Noteholder Amount of Claim $250,000.00 Name and Address ot?Petitioner Charles E. Landahl, Jr. 1195 Saratoga Avenue Steamboat Springs, CO 80477 Nature of Claim Convertible Debenture Noteholder Amount of Claim $120,000.00 Name and Address of Petitioner Nature of Claim Amount of Claim Name and Address of Petitioner Nature of Claim Amount of Claim Note: lfthere are more than three petitioners, attach additional sheets with the Statement under penalty of perjury, each petitioner?s signature under the statement and the name of attorney and petitioning creditor information in the format above. Total Amount of Petitioners? Claims $870,000.00 Greenberg Traurig. PA. I Attorneys at Law I Brickell Avenue I Miami, FL 33131 I Tel 305.579.0500 I Fax 305.579.0717 I