On September 27, 2012, Converted Organics Inc. ("Company," "we," "our," or "us") entered into a letter agreement (the "Letter Agreement") with Iroquois Master Fund, Ltd. ("IMF") and an institutional investor (collectively, the "Investors") pursuant to which we agreed to exchange 452,640 shares of common stock of Vringo, Inc. and warrants to purchase an additional 186,408 shares of common stock at $1.76 per share for the forgiveness and extinguishment of $881,460 of debt.....