Item 2. Unregistered Sales of Equity Securities
ITEM 2.
Unregistered Sales of Equity Securities and Use of Proceeds
On April 14, 2010, the Company agreed to make an equity investment in Verdant Ventures Advisors, LLC, a Delaware limited liability company,
(Verdant Ventures), through the contribution of 243,933 shares of the Companys common stock in connection with Verdant Ventures formation. Verdant Ventures will operate as an independently managed technology transfer venture
fund. The Companys capital contribution represents a 15% ownership interest in Verdant Ventures.
ITEM 3.
Defaults upon Senior Securities
None.
ITEM 4.
Reserved
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