Issuance
On January 3, 2012, we issued 86,000,000 shares of our common stock to one entity, pursuant to the
conversion of a portion of a convertible debenture. The issuance was exempt from registration pursuant
to Rule 144(d)(ii) of the Securities Act of 1933, as amended, and the shareholder was a sophisticated
investor and familiar with our operations.
On February 16, 2012, we issued 95,000,000 shares of our common stock to one entity, pursuant to the
conversion of a portion of a convertible debenture. The issuance was exempt from registration pursuant
to Rule 144(d)(ii) of the Securities Act of 1933, as amended, and the shareholder was a sophisticated
investor and familiar with our operations.
On March 12, 2012, we issued 104,500,000 shares of our common stock to one entity, pursuant to the
conversion of a portion of a convertible debenture. The issuance was exempt from registration pursuant
to Rule 144(d)(ii) of the Securities Act of 1933, as amended, and the shareholder was a sophisticated
investor and familiar with our operations.
On March 28, 2012, we issued 114,000,000 shares of our common stock to one entity, pursuant to the
conversion of a portion of a convertible debenture. The issuance was exempt from registration pursuant
to Rule 144(d)(ii) of the Securities Act of 1933, as amended, and the shareholder was a sophisticated
investor and familiar with our operations.
