The majority note holder of our outstanding convertible notes converted the principal amount, including accrued interest thereon, of $1,451,424.70 in debt into 161,269,410 shares of BlastGard's Common Stock. Of that amount, 20,222,222 shares are set aside for the former Note holder and 8,620,689 shares to another Canadian entity. The amount converted represents approximately 100% of all convertible debt appearing on BlastGard's December 31, 2012 annual report on Form 10K.