Item 3.02 Unregistered Sales of Equity Securities.
Dividends in Shares of Common Stock
As previously reported, on May 1, 2020, the Company filed a certificate of
designation (the "Series O COD") of Series O Preferred Stock (the "Series O").
Pursuant to the Series O COD, the Company designated 2,000 shares of preferred
stock as Series O. The Series O has a stated value of $1,000 per share, is
convertible into shares of the Company's common stock on the terms set forth in
the Series O COD, and holders are entitled to receive certain dividends,
including in shares of common stock at an annual rate of 4% of stated value
based on the terms and conditions set forth in the Series O COD.
On December 31, 2020, the Company issued an aggregate of 521,215 in shares of
the Company's common stock as dividends to certain holders of Series O Preferred
Stock.
The securities above were offered and sold pursuant to an exemption from the
registration requirements under Section 4(a)(2) of the Securities Act for
transactions not involving a public offering.
Conversion of Notes
As previously reported, the Company issued notes to various investors
convertible into shares of the Company's common stock. On January 5, 2021,
holders of convertible notes converted an aggregate principal and interest
amount of $23,514 into an aggregate of 2,449,358 shares of the Company's common
stock.
The securities above were offered and sold pursuant to an exemption from the
registration requirements under Section 4(a)(2) of the Securities Act for
transactions not involving a public offering.
Conversion of Preferred Shares
As previously reported, on August 19, 2019, the Company filed a certificate of
designation (the "Series L COD") of Series L Preferred Stock (the "Series L").
Pursuant to the Series L COD, the Company designated 100,000 shares of preferred
stock as Series L. The Series L has a stated value of $1,000 per share, and is
convertible into shares of the Company's common stock, on the terms and
conditions set forth in the Series L COD.
Between January 5, 2021 and January 13, 2021, holders of Series L Preferred
Stock converted an aggregate of 42 Series L shares into an aggregate of
3,661,485 shares, including make-good shares, of the Company's common stock.
As previously reported, on May 1, 2020, the Company filed a certificate of
designation (the "Series O COD") of Series O Preferred Stock (the "Series O").
Pursuant to the Series O COD, the Company designated 2,000 shares of preferred
stock as Series O. The Series O has a stated value of $1,000 per share, and is
convertible into shares of the Company's common stock, on the terms and
conditions set forth in the Series O COD.
On January 13, 2021, holders of Series O Preferred Stock converted an aggregate
of 64.5 Series O shares into an aggregate of 3,140,216 shares of the Company's
common stock.
As previously reported, on May 1, 2020, the Company filed a certificate of
designation (the "Series P COD") of Series P Preferred Stock (the "Series P").
Pursuant to the Series P COD, the Company designated 500 shares of preferred
stock as Series P. The Series P has a stated value of $1,000 per share, and is
convertible into shares of the Company's common stock, on the terms and
conditions set forth in the Series P COD.
On January 8, 2021, holders of Series P Preferred Stock converted an aggregate
of 51 Series P shares into an aggregate of 2,832,622 shares, including make-good
shares, of the Company's common stock.
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As previously reported, on August 27, 2020, the Company filed a certificate of
designation (the "Series Q COD") of Series Q Preferred Stock (the "Series Q").
Pursuant to the Series Q COD, the Company designated 2,000 shares of preferred
stock as Series Q. The Series Q has a stated value of $1,000 per share, and is
convertible into shares of the Company's common stock, on the terms and
conditions set forth in the Series Q COD.
On January 8, 2021, a holder of Series Q Preferred Stock converted an aggregate
of 5 Series Q shares into an aggregate of 261,508 shares of the Company's common
stock.
The securities above were offered and sold pursuant to an exemption from the
registration requirements under Section 4(a)(2) of the Securities Act for
transactions not involving a public offering.
Restricted Stock Grant Agreement Issuances
On January 4, 2021, per electing and qualifying for the Restricted Stock Grant
Agreement alternate vesting schedule, the Company issued to one consultant an
aggregate of 354,846 shares of the Company's common stock.
The securities above were offered and sold pursuant to an exemption from the
registration requirements under Section 4(a)(2) of the Securities Act for
transactions not involving a public offering.
Consultant Issuances
Between December 29, 2020 and January 15, 2021, the Company issued to
consultants an aggregate of 1,911,365 shares of the Company's common stock for
services including 271,824 shares of common stock for settlement of prior
consulting agreement.
The securities above were offered and sold pursuant to an exemption from the
registration requirements under Section 4(a)(2) of the Securities Act for
transactions not involving a public offering.
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