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 March 31, 2011, we issued 1,500,000 shares of restricted common stock to a consultant as compensation for services rendered.
−Removed: 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.
+Added: 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.
+Added: 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
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: SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
+Added: (REMOVED AND RESERVED)
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.