1 unchanged sentence
We issued securities, which were not registered under the Securities Act of 1933, as amended, as follows:
−Removed: During the quarter ended December 31, 2010, we issued we issued 500,000 shares of restricted common stock to senior management, as a retention incentive, and 3,750,000 shares to certain consultants, as part of their compensation for services rendered.
−Removed: Additionally, a number of convertible note holders converted their convertible promissory notes into common shares, equaling a total of 21,105,711 shares of our common stock
+Added: During the quarter ended March 31, 2011, we issued 1,500,000 shares of restricted common stock to a consultant as compensation for services rendered.
+Added: Additionally, 75,000 shares previously issued to certain officers vested, and 33,328,250 shares were issued pursuant to conversions of numerous convertible promissory notes.
With respect to these transactions, we relied on Section 4(2) of the Securities Act of 1933, as amended.
3 unchanged sentences
DEFAULTS UPON SENIOR SECURITIES.
−Removed: (REMOVED AND RESERVED)
+Added: SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.