Except as otherwise indicated, the persons named in this table have sole voting and investment power with respect to all shares of common stock shown as beneficially owned by them, subject to community property laws where applicable and to the information contained in the footnotes to this table.
(2) Pursuant to Rules 13d-3 and 13d-5 of the Exchange Act, beneficial ownership includes any shares as to which a shareholder has sole or shared voting power or investment power, and also any shares which the shareholder has the right to acquire within 60 days, including upon exercise of common shares purchase options or warrants. There are 327,955,269 shares of common stock issued and outstanding as of July 29, 2013 including securities exercisable or convertible into shares of Common Stock within sixty (60) days hereof for each stockholder.
(3) The shares are owned by Versant I, Inc. ,which is majority owned by our Chief Executive Officer, Mr. Jose P. Quiros.
(4) Dr. Alvaro & Mary Liceaga were issued a Convertible Note on November 5, 2007 that is currently convertible on demand into 39,282,360 shares of the Company’s common stock
(5) Edward Michael Liceaga was issued a Convertible Note on January 26, 2008 that is currently convertible on demand into 29,031,170 shares of the Company’s common stock.
(6) Ivy Akastsa purchased a Convertible Note, on December 4, 2011, originally issued on March 1, 2008 that is currently convertible on demand into 66,183,338 shares of the Company’s common stock.
