On July 10, 2012, NYSO issued a second Convertible Promissory Note to Asher Enterprises, Inc. in the amount of $37,500. The note bears interest at a rate of 8% per annum, is unsecured and matures on April 12, 2013. The Note is convertible to common stock in whole or in part at a variable conversion price equal to a 39% discount to the 10-day average trading price prior to the conversion date