May 2, 2012 the Company issued Carl Bellitti, unrelated and non-affiliated independent contractor, 500,000 shares of restricted common stock containing the restrictive legend, at $0.075 per share, to eliminate $37,500 of compensation due under the terms of a services agreement, and reducing the company’s debt by the same amount.
Carl
Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee