DESCRIP TI ON OF SECURITIES Our authorized capital consists of 1,000,000,000 shares of common stock, par value $0.001 per share, of which 240,077,760 shares are presently issued. The holders of our common stock are entitled to receive dividends as may be declared by our Board of Directors; are entitled to share ratably in all of our assets available for distribution upon winding up of the affairs our Company; and are entitled to one non-cumulative vote per share on all matters on which shareholders may vote at all meetings of the shareholders. The shareholders are not entitled to preference as to dividends or interest; preemptive rights to purchase in new issues of shares; preference upon liquidation; or any other special rights or preferences. In addition, the shares are not convertible into any other securities. There are no restrictions on dividends under any loan or other financing
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