On October 2, 2008, we issued 10,000,000 restricted shares of common stock to Michael Levine as a deposit on the acquisition of Den Packaging Inc., valued at $900,000.
On October 2, 2008, we issued 500,000 restricted shares of common stock to Downshire Capital as compensation for investor relation services valued at $100,000.
Between October 14, 2008 and October 24, 2008, an existing investor converted $1,710,000 principal and interest amount of a promissory note into an aggregate of 15,200,000 shares of our common stock, at a conversion rate of $0.1125 per share. Payments under the note are convertible into shares of our common stock at seventy five percent of the lowest closing best bid prices of our common stock for the fifteen trading days prior to the conversion date.
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