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Mr. Morawetz will also receive a stock option for 75,000 shares at $.35 per share and Mr. Gadbaw will receive a stock option for 160,000 shares at $.35 per share upon the Company raising $3 million.</p> 0 97605 0 97605 97605 0 24500 111860 0 50000 224000 0 20000 20000 82463 82463 12256 12256 1357494 1357494 147116 147116 55000 8228 46772 822842 201250 5750 195500 575000 162500 8125 154375 812500 20000 20000 229132 229132 232000 15467 216533 1546667 --12-31 bior 38573928 FY 2011 No No Yes 1957226 0.01 0.35 0.20 0.15 (1) Founders shares, 1,000,000 pre-split (2) 23,492 (40,000 pre-split) shares valued at $.0167 per share as compensation for loan guarantees by management (5) Compensation for loan guarantees by management (3) Investment including 670 shares issued as a 10% finders fee (4) For payment of patent legal fees (6) For vendor contractual consideration (7) Employment agreements (8) Investment (10) Investment, "October 2008 financing". (9) Conversion of convertible notes by management