3 unchanged sentences
Item 3 Defaults Upon Senior Securities
−Removed: On August 2, 2016, the Company issued two unsecured convertible promissory notes for a total principal amount of $1,580,000 to two investors.
−Removed: See Capital Resources and Liquidity, page 17.
−Removed: On August 2, 2017, the notes became due and payable and remained due and payable on December 31, 2017.
+Added: On August 2, 2017, two notes for a total principal amount of $1,580,000, issued in 2016, became due and payable and remained due and payable on December 31, 2017.
On February 28, 2018, one of the notes, for $300,000, was converted to 750,000 shares of common stock immediately prior to the Merger (a conversion price of $0.40 per share).
Also, on February 28, 2018, Royale reached a settlement of a dispute with the second investor regarding his advance of $1.28 million.
−Removed: In the settlement, Royale has agreed to pay $1.9 million to the investor, who in turn did not receive shares of the Company’s common stock on conversion of this investment.
+Added: In the settlement, Royale agreed to pay $1.9 million to the investor, who in turn did not receive shares of the Company’s common stock on conversion of this investment.
In the settlement, Royale also cancelled a two-year warrant issued to the second investor to purchase 1,066,667 of Royale common stock at $0.80 per share.
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.