On June 06, 2016, the Issuer granted The RHL Group Conversion Rights as part of the Eleventh Amended and Restated Secured Promissory Note dated July 30, 2012, which provides The RHL Group with the right to convert up to $500,000 of the outstanding and unpaid principal and accrued interest, if any, at the time of conversion at one and 2 tenths of a cent Per share (.012).The conversion right is valid until the Promissory Note and any future amendments are superseded or paid in full.
Item 4 of the Statement is hereby supplemented by including the following:
This Amendment No. 5 is being filed to report that, since the filing of the Statement, a material change occurred in the percentage of shares of Issuer Common Stock beneficially owned by the Reporting Persons. The material change occurred solely because of the reasons set forth in Item 3 of this Amendment No. 5, which is incorporated herein by this reference. Furthermore the Company completed a five for one reverse split on February 5, 2016. Also based on the $500,000 conversion feature the Company's Amended and restated notes to The RHL Group including the Eleventh Amended and Restated Secured Promissory significantly greater number of shares are subject to being converted within the next sixty days at the option of the noteholder.
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