Class C Shares

The Company has authorized 700,000 preferred shares at a par value of $0.000001 per share.

During the quarter ended March 31, 2013, the holder of the Class C preferred shares converted 1,909 shares into 190,000,000 million common shares.

During the quarter ended March 31, 2012, the holder of the Class C preferred shares converted 45.8 shares into 45,800,000 million common shares.

As of March 31, 2013 and 2012, there are 695,732 and 354,783 shares issued and outstanding, respectively.