Fill in this information to identify your case:

United States Bankruptcy Court for the:

SOUTHERN DISTRICT OF FLORIDA, WEST PALM BEACH DIVISION

Case number (if known) Chapter 11

 Check if this an amended

filing

Official Form 201

Voluntary Petition for Non-Individuals Filing for Bankruptcy 4/19

If more space is needed, attach a separate sheet to this form. On the top of any additional pages, write the debtor's name and case number (if known). For more information, a separate document, Instructions for Bankruptcy Forms for Non-Individuals, is available.

1. Debtor's name KRS Global Biotechnology, Inc.

2. All other names debtor used in the last 8 years

Include any assumed

names, trade names and

doing business as names

3. Debtor's federal Employer

Identification Number

(EIN)

65-1099340

4. Debtor's address Principal place of business Mailing address, if different from principal place of

business

791 Park of Commerce Blvd

Ste 600

Boca Raton, FL 33487-3633

Number, Street, City, State & ZIP Code P.O. Box, Number, Street, City, State & ZIP Code

Palm Beach Location of principal assets, if different from principal

County place of business

Number, Street, City, State & ZIP Code

5. Debtor's website (URL) krsbio.com

6. Type of debtor  Corporation (including Limited Liability Company (LLC) and Limited Liability Partnership (LLP))

 Partnership (excluding LLP)

 Other. Specify:

Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy page 1

Case 20-10350-MAM Doc 1 Filed 01/10/20 Page 1 of 8
Debtor KRS Global Biotechnology, Inc. Case number (if known) Name

7. Describe debtor's business A. Check one:

 Health Care Business (as defined in 11 U.S.C. § 101(27A))

 Single Asset Real Estate (as defined in 11 U.S.C. § 101(51B))

 Railroad (as defined in 11 U.S.C. § 101(44))

 Stockbroker (as defined in 11 U.S.C. § 101(53A))

 Commodity Broker (as defined in 11 U.S.C. § 101(6))

 Clearing Bank (as defined in 11 U.S.C. § 781(3))

None of the above

B. Check all that apply

Tax-exempt entity (as described in 26 U.S.C. §501)

 Investment company, including hedge fund or pooled investment vehicle (as defined in 15 U.S.C. §80a-3)

 Investment advisor (as defined in 15 U.S.C. §80b-2(a)(11))

C. NAICS (North American Industry Classification System) 4-digit code that best describes debtor.

 See http://www.uscourts.gov/four-digit-national-association-naics-codes.

8. Under which chapter of the Bankruptcy Code is the debtor filing?

Check one:

 Chapter 7

 Chapter 9

 Chapter 11. Check all that apply:  Debtor's aggregate noncontingent liquidated debts (excluding debts owed to insiders or affiliates) are

less than $2,725,625(amount subject to adjustment on 4/01/22 and every 3 years after that).  The debtor is a small business debtor as defined in 11 U.S.C. § 101(51D). If the debtor is a small

business debtor, attach the most recent balance sheet, statement of operations, cash-flow statement, and federal income tax return or if all of these documents do not exist, follow the procedure in 11

U.S.C. § 1116(1)(B).  A plan is being filed with this petition.

 Acceptances of the plan were solicited prepetition from one or more classes of creditors, in

accordance with 11 U.S.C. § 1126(b).  The debtor is required to file periodic reports (for example, 10K and 10Q) with the Securities and

Exchange Commission according to § 13 or 15(d) of the Securities Exchange Act of 1934. File the

attachment to Voluntary Petition for Non-Individuals Filing for Bankruptcy under Chapter 11 (Official

Form 201A) with this form.  The debtor is a shell company as defined in the Securities Exchange Act of 1934 Rule 12b-2.

 Chapter 12

9. Were prior bankruptcy

cases filed by or against the debtor within the last 8

years?

 No.

Yes.

If more than 2 cases, attach a

separate list. District When Case number

District When Case number

10. Are any bankruptcy cases pending or being filed by a business partner or an

affiliate of the debtor?

 No

Yes.

List all cases. If more than 1, attach a separate list Debtor Relationship

District When Case number, if known

Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy page 2

Case 20-10350-MAM Doc 1 Filed 01/10/20 Page 2 of 8
Debtor KRS Global Biotechnology, Inc. Case number (if known) Name

11. Why is the case filed in

this district?

Check all that apply:  Debtor has had its domicile, principal place of business, or principal assets in this district for 180 days immediately

preceding the date of this petition or for a longer part of such 180 days than in any other district.  A bankruptcy case concerning debtor's affiliate, general partner, or partnership is pending in this district.

12. Does the debtor own or have possession of any

real property or personal

property that needs

immediate attention?

 No

Yes. Answer below for each property that needs immediate attention. Attach additional sheets if needed. Why does the property need immediate attention? (Check all that apply.)

It poses or is alleged to pose a threat of imminent and identifiable hazard to public health or safety. What is the hazard?

It needs to be physically secured or protected from the weather. It includes perishable goods or assets that could quickly deteriorate or lose value without attention (for example,

livestock, seasonal goods, meat, dairy, produce, or securities-related assets or other options).  Other

Where is the property?

Number, Street, City, State & ZIP Code

Is the property insured?

 No

Yes.

Insurance agency

Contact name

Phone

Statistical and administrative information

13. Debtor's estimation of available funds. Check one:

Funds will be available for distribution to unsecured creditors. After any administrative expenses are paid, no funds will be available to unsecured creditors.

14. Estimated number of creditors  1-49

 50-99

 100-199

 200-999

 1,000-5,000

 5001-10,000

 10,001-25,000

 25,001-50,000

 50,001-100,000

 More than100,000

15. Estimated Assets  $0 - $50,000

 $50,001 - $100,000

 $100,001 - $500,000

 $500,001 - $1 million

 $1,000,001 - $10 million

 $10,000,001 - $50 million

 $50,000,001 - $100 million

 $100,000,001 - $500 million

 $500,000,001 - $1 billion

 $1,000,000,001 - $10 billion

 $10,000,000,001 - $50 billion

 More than $50 billion

16. Estimated liabilities  $0 - $50,000

 $50,001 - $100,000

 $100,001 - $500,000

 $500,001 - $1 million

 $1,000,001 - $10 million

 $10,000,001 - $50 million

 $50,000,001 - $100 million

 $100,000,001 - $500 million

 $500,000,001 - $1 billion

 $1,000,000,001 - $10 billion

 $10,000,000,001 - $50 billion

 More than $50 billion

Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy page 3

Case 20-10350-MAM Doc 1 Filed 01/10/20 Page 3 of 8
Debtor KRS Global Biotechnology, Inc. Case number (if known) Name

Request for Relief, Declaration, and Signatures WARNING -- Bankruptcy fraud is a serious crime. Making a false statement in connection with a bankruptcy case can result in fines up to $500,000 or imprisonment

for up to 20 years, or both. 18 U.S.C. §§ 152, 1341, 1519, and 3571.

17. Declaration and signature of authorized

representative of debtor The debtor requests relief in accordance with the chapter of title 11, United States Code, specified in this petition.

I have been authorized to file this petition on behalf of the debtor.

I have examined the information in this petition and have a reasonable belief that the information is true and correct.

I declare under penalty of perjury that the foregoing is true and correct.

Executed on January 10, 2020

MM / DD / YYYY

X /s/ Elsa Kerpi Elsa Kerpi

Signature of authorized representative of debtor Printed name

Title President

18. Signature of attorney X /s/ Malinda L. Hayes Date January 10, 2020

Signature of attorney for debtor MM / DD / YYYY

Malinda L. Hayes

Printed name

Markarian & Hayes

Firm name

2925 Pga Blvd Ste 204

Palm Beach Gardens, FL 33410-2909

Number, Street, City, State & ZIP Code

Contact phone (561) 626-4700 Email address malinda@businessmindedlawfirm.com

0073503

Bar number and State

Official Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy page 4

Case 20-10350-MAM Doc 1 Filed 01/10/20 Page 4 of 8
 Fill in this information to identify the case:

Debtor name KRS Global Biotechnology, Inc. United States Bankruptcy Court for the: SOUTHERN DISTRICT OF

FLORIDA, WEST PALM BEACH

DIVISION

 Check if this is an

Case number (if known): amended filing

Official Form 204

Chapter 11 or Chapter 9 Cases: List of Creditors Who Have the 20 Largest Unsecured Claims and

Are Not Insiders 12/15

A list of creditors holding the 20 largest unsecured claims must be filed in a Chapter 11 or Chapter 9 case. Include claims which

the debtor disputes. Do not include claims by any person or entity who is an insider, as defined in 11 U.S.C. § 101(31). Also, do

not include claims by secured creditors, unless the unsecured claim resulting from inadequate collateral value places the creditor

among the holders of the 20 largest unsecured claims.

Name of creditor and

complete mailing address,

including zip code

Name, telephone number

and email address of

creditor contact

Nature of claim

(for example, trade debts,

bank loans, professional

services, and government

contracts)

Indicate if claim

is contingent,

unliquidated, or

disputed

Amount of claim

If the claim is fully unsecured, fill in only unsecured claim amount. If

claim is partially secured, fill in total claim amount and deduction for

value of collateral or setoff to calculate unsecured claim.

Total claim, if

partially secured

Deduction for value

of collateral or setoff

Unsecured claim

AFCO Premium

Finance

Dept. 0809

PO Box 120809

Dallas, TX

75312-0809

Trade debt $96,193.02

Al Adelson

127 Via Florenza

Palm Beach

Gardens, FL

33418-6203

Loan Disputed $90,250.00

American Express

PO Box 360001

Fort Lauderdale, FL

33336-0001

Revolving credit

card charge

$207,385.00

American Express

Merchant Financing

PO Box 360001

Fort Lauderdale, FL

33336-0001

$786,750.00

BB&T

PO Box 1033

Charleston, WV

25324-1033

Revolving credit

card charge

$433,107.78

C&M Engineering

21 Fox Hollow Rd

Voorhees, NJ

08043-2923

Trade debt $126,707.50

Coombs

Contracting Inc.

313 Pistol Club Rd

Easley, SC

29640-7349

Trade debt $79,932.53

Official form 204 Chapter 11 or Chapter 9 Cases: List of Creditors Who Have the 20 Largest Unsecured claims page 1

Software Copyright (c) 2020 CINGroup - www.cincompass.com

Case 20-10350-MAM Doc 1 Filed 01/10/20 Page 5 of 8
Debtor KRS Global Biotechnology, Inc. Case number (if known)

Name

Name of creditor and

complete mailing address,

including zip code

Name, telephone number

and email address of

creditor contact

Nature of claim

(for example, trade debts,

bank loans, professional

services, and government

contracts)

Indicate if claim

is contingent,

unliquidated, or

disputed

Amount of claim

If the claim is fully unsecured, fill in only unsecured claim amount. If

claim is partially secured, fill in total claim amount and deduction for

value of collateral or setoff to calculate unsecured claim.

Total claim, if

partially secured

Deduction for value

of collateral or setoff

Unsecured claim

Dell Business

Credit

PO Box 5275

Carol Stream, IL

60197-5275

$116,645.14

DynaLabs

2327 Chouteau Ave

Saint Louis, MO

63103-3010

Vendor $118,399.75

Evoqua

10 Technology Dr

Lowell, MA

01851-2728

Capital Leases $114,187.00

Fabio Lanzieri

3400 Galt Ocean Dr

# 8095

Fort Lauderdale, FL

33308-7043

Loan $100,000.00

Fagron Inc

PO Box 1450

Minneapolis, MN

55485-1450

Trade debt $265,462.47

FLA Properties

#116, LLC

304 Indian Trce Ste

294

Weston, FL

33326-2996

Rent Disputed $725,342.82

IOU Central Loan

600 Townpark Ln

NW Ste 100

Kennesaw, GA

30144-3736

Loan $233,413.00

McKenna Engineers

LLC

137 McClelland Ave

Pitman, NJ

08071-1060

Trade debt $98,605.00

Ray Richards

713 Harbour Point

Dr

Palm Beach

Gardens, FL

33410-3413

Loan Disputed $180,500.00

Storm Leflar

2016 Poetry Ave

Henderson, NV

89052-5542

Lawsuit - Claim of

Lien

Disputed $148,574.00

Official form 204 Chapter 11 or Chapter 9 Cases: List of Creditors Who Have the 20 Largest Unsecured claims page 2

Software Copyright (c) 2020 CINGroup - www.cincompass.com

Case 20-10350-MAM Doc 1 Filed 01/10/20 Page 6 of 8
Debtor KRS Global Biotechnology, Inc. Case number (if known)

Name

Name of creditor and

complete mailing address,

including zip code

Name, telephone number

and email address of

creditor contact

Nature of claim

(for example, trade debts,

bank loans, professional

services, and government

contracts)

Indicate if claim

is contingent,

unliquidated, or

disputed

Amount of claim

If the claim is fully unsecured, fill in only unsecured claim amount. If

claim is partially secured, fill in total claim amount and deduction for

value of collateral or setoff to calculate unsecured claim.

Total claim, if

partially secured

Deduction for value

of collateral or setoff

Unsecured claim

Summitt Investment

Management LLC

1700 N Lincoln St

Ste 2150

Denver, CO

80203-4500

Loan $4,706,452.00

Tradewinds

Construction

1714 W Bonanza Rd

Las Vegas, NV

89106-4704

Trade debt $233,124.45

Willow Birch

Pharma

433 Old Taylor Rd

Taylor, MS 38673

Vendor $127,174.14

Official form 204 Chapter 11 or Chapter 9 Cases: List of Creditors Who Have the 20 Largest Unsecured claims page 3

Software Copyright (c) 2020 CINGroup - www.cincompass.com

Case 20-10350-MAM Doc 1 Filed 01/10/20 Page 7 of 8
Fill in this information to identify the case: Debtor name KRS Global Biotechnology, Inc.

United States Bankruptcy Court for the:

SOUTHERN DISTRICT OF FLORIDA, WEST PALM BEACH

DIVISION

Case number (if known)

 Check if this is an

amended filing

Official Form 202

Declaration Under Penalty of Perjury for Non-Individual Debtors 12/15

An individual who is authorized to act on behalf of a non-individual debtor, such as a corporation or partnership, must sign and submit this form

for the schedules of assets and liabilities, any other document that requires a declaration that is not included in the document, and any

amendments of those documents. This form must state the individual’s position or relationship to the debtor, the identity of the document, and

the date. Bankruptcy Rules 1008 and 9011. WARNING -- Bankruptcy fraud is a serious crime. Making a false statement, concealing property, or obtaining money or property by fraud in

connection with a bankruptcy case can result in fines up to $500,000 or imprisonment for up to 20 years, or both. 18 U.S.C. §§ 152, 1341, 1519, and 3571.

Declaration and signature

I am the president, another officer, or an authorized agent of the corporation; a member or an authorized agent of the partnership; or another individual serving as a representative of the debtor in this case.

I have examined the information in the documents checked below and I have a reasonable belief that the information is true and correct:  Schedule A/B: Assets–Real and Personal Property (Official Form 206A/B)

 Schedule D: Creditors Who Have Claims Secured by Property (Official Form 206D)

 Schedule E/F: Creditors Who Have Unsecured Claims (Official Form 206E/F)

 Schedule G: Executory Contracts and Unexpired Leases (Official Form 206G)

 Schedule H: Codebtors (Official Form 206H)

 Summary of Assets and Liabilities for Non-Individuals (Official Form 206Sum)

 Amended Schedule  Chapter 11 or Chapter 9 Cases: List of Creditors Who Have the 20 Largest Unsecured Claims and Are Not Insiders (Official Form 204)

 Other document that requires a declaration

I declare under penalty of perjury that the foregoing is true and correct.

Executed on January 10, 2020 X /s/ Elsa Kerpi

Signature of individual signing on behalf of debtor

Elsa Kerpi

Printed name

President

Position or relationship to debtor

Case 20-10350-MAM Doc 1 Filed 01/10/20 Page 8 of 8