o | Rule 13d-1(b) |
x | Rule 13d-1(c) |
o | Rule 13d-1(d) |
CUSIP
No. 27885J
101
|
13G
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Page 2 of
4 Pages
|
1 |
NAMES OF REPORTING PERSONS:
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES
ONLY):
|
||||
|
|||||
Michael
Brauser
|
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS): |
||||
(a) o
|
|||||
(b) o
|
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3 | SEC USE ONLY: | ||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION: | ||||
United
States of America
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|||||
5 | SOLE VOTING POWER: | ||||
NUMBER
OF
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21,031,402 (1)(2)
|
||||
|
|||||
SHARES
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6 | SHARED VOTING POWER: | |||
BENEFICIALLY
|
|||||
OWNED
BY
|
0
|
||||
|
|||||
EACH
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7 | SOLE DISPOSITIVE POWER: | |||
REPORTING
|
|||||
PERSON
|
21,031,402 (1)(2)
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||||
|
|||||
WITH:
|
8 | SHARED DISPOSITIVE POWER: | |||
0
|
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9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: | ||||
21,031,402 (1)(2)
|
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10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): | ||||
o
|
|||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): | ||||
9.9%
(1)(2)
|
|||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): | ||||
IN
-
Individual
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(1)
|
Includes
(i) 15,542,152 shares of common stock and (ii) 5,489,250 shares of common
stock underlying convertible debentures and warrants. Does not
include an additional 25,510,750 shares of common stock underlying
convertible debentures and
warrants.
|
(2)
|
All
of the Reporting Person’s debentures and warrants contain a blocker
provision under which the Reporting Person can only convert his debentures
or exercise his warrants to a point where he would own a maximum of 9.99%
of the total shares outstanding.
|
CUSIP
No. 27885J
101
|
13G
|
Page 3 of
4 Pages
|
(a)
|
Name
of Issuer: EClips Media Technologies,
Inc.
|
(b)
|
Address
of Issuer’s Principal Executive Offices: 110 Greene Street, Suite 410, New
York, NY 10012
|
Item
2.
|
|
(a)
|
Name
of Person Filing: Michael Brauser
|
(b)
|
Address
of Principal Business Office or, if none, Residence: 595 South Federal
Highway, Suite 600, Boca Raton, FL
33432
|
(c)
|
Citizenship:
United States of America
|
(d)
|
Title
of Class of Securities: Common Stock
|
(e) | CUSIP Number: 27885J 101 |
Item
3.
|
If
this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c),
check whether the person filing is
a:
|
|
Not
Applicable.
|
Item
4.
|
Ownership.
|
Item
5.
|
Ownership
of Five Percent or Less of a Class.
|
Item
6.
|
Ownership
of More than Five Percent on Behalf of Another
Person.
|
Item
7.
|
Identification
and Classification of the Subsidiary Which Acquired the Security Being
Reported on By the Parent Holding Company or Control
Person.
|
Item
8.
|
Identification
and Classification of Members of the
Group.
|
Item
9.
|
Notice
of Dissolution of Group.
|
Item
10.
|
Certifications.
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CUSIP
No. 27885J
101
|
13G
|
Page 4 of 4
Pages
|
Date:
July 23, 2010
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By:
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/s/
Michael Brauser
|
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Michael
Brauser
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