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Saturday, March 31, 2012 12:41:02 AM
a number of shares of fully paid and non-assessable shares of Common Stock based upon the
price per share of the Common stock, determined based on the average of the closing bid price for the
Company’s common stock for each of the ten (10) consecutive trading days immediately prior to the date
the holder gives notice to the Corporation of their intent to convert Unit(s), less a discount of twenty
percent (20%).
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