Mr. Mayell (i) disposed of 6,000,000 shares of Company Common Stock through a bona-fide gift to his children on July 30, 2018 and (ii) received from the Company the right to acquire (A) 28,000,000 shares of Company Common Stock upon conversion of money owed to him under compensation obligations and (B) 6,625,000 shares of Company Common Stock upon conversion of debt. Mr. Mayell does not currently have any plans or proposals (other than those he may have from time to time in his role as an officer and director of the Issuer) that relate to or that would result in any of the transactions or other matters specified in clauses (a) through (j) of Item 4 of Schedule 13D.
