Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: During the three months ended March 31.
−Removed: 2014 and through the current date we issued a total of 2,515,226 shares during the three months ended March 31.
−Removed: 2014 and a further 1,850,000 shares to the current date of our common stock.
+Added: During the six months ended June 30, 2014 and through the current date we issued a total of 4,455,226 shares during the six months ended June 30, 2014 and a further 4,726,760 shares to the current date of our common stock.
During December 2013, a consultant was granted 800,000 unregistered shares of the Company’s common stock for a clinical research study on our Type2Defense product.
11 unchanged sentences
The firm will be compensated with 360,000 unregistered shares of the Company’s common stock payable in increments of 30,000 shares per month for twelve (12) months starting on April 1, 2014.
−Removed: As of July 15, the Company issued 90,000 unregistered shares of the Company’s common stock which were valued at $0.014 per share or $1,239 and has earned an additional 30,000 shares at $0.012 per share or $360.
+Added: As of August 12, 2014 the Company issued 120,000 unregistered shares of the Company’s common stock which were valued at $0.0176 per share or $2,109.
During April 2014, our former chief executive officer was re-issued 600,000 unregistered shares of the Company’s common stock which were canceled in January 2014 to satisfy a promissory note conversion request.
6 unchanged sentences
These shares were valued at $0.0151 per share or $11,325.
+Added: During June 2014, the Company signed a one year consulting agreement with an individual to provide product marketing and performs duties as the Company’s spokesperson.
+Added: The consultant earned 250,000 restricted shares of the Company’s common stock.
+Added: The shares were valued at $0.013 per share or $3,250.
+Added: These shares were issued in July 2014.
+Added: During July 2014, a promissory note was partially converted into unregistered shares of the Company’s common stock.
+Added: The amount totaled $4,103 including accrued interest was converted into 820,606 unregistered shares of the Company’s common stock at $0.005 per share.
+Added: During July 2014, James Hodge, the Company’s chairman of the board of directors, was issued 346,154 shares of the Company’s restricted common stock for service to the Company.
+Added: These shares were valued at $0.013 per share or $4,500.
+Added: During July 2014, the Company signed a consulting agreement with an individual to provide website services for the Company.
+Added: The consultant was compensated with 3,000,000 shares of the Company’s common stock.
+Added: The shares were valued at $69,000 or $0.023 per share.
+Added: During July 2014, Thomas Metzger PhD, Chief Executive Officer, Chief Financial Officer, President and Chief Operating Officer resigned from the Company to pursue other interests.
+Added: Per board consent signed July 22, 2014, the 250,000 unregistered shares of the Company’s common stock due to Mr.
+Added: Metzger on September 4, 2014 in accordance with his consulting agreement signed in April 2014 were issued to Mr.
+Added: The shares were valued at $4,925 or $0.0197 per share.
With respect to the sales of all securities
7 unchanged sentences
Use of Proceeds of Registered Securities.
−Removed: There were no proceeds from the sales the Company’s unregistered common stock during the three months ended March 31.
+Added: There were no proceeds from the sales the Company’s unregistered common stock during the six months ended June 30, 2014.
Penny Stock Regulation.
22 unchanged sentences
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.