Schedule of notes payable |
Issue
Date
|
|
Principal
December 31, 2010
|
|
|
Principal Issued in 2011 |
|
|
Principal Converted in 2011 |
|
|
Principal
Repaid in
2011
|
|
|
Principal
December 31, 2011
|
|
|
Interest Rate |
|
|
Conversion Price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aug-09 |
|
$ |
2,500,000 |
|
|
$ |
--- |
|
|
$ |
(2,500,000 |
) * |
|
$ |
--- |
|
|
$ |
--- |
|
|
|
9 |
% |
|
$ |
1.9930 |
|
Dec-09 |
|
|
2,500,000 |
|
|
|
--- |
|
|
|
(2,500,000 |
) * |
|
|
--- |
|
|
|
--- |
|
|
|
9 |
% |
|
$ |
1.9930 |
|
Jun-10 |
|
|
1,800,000 |
|
|
|
--- |
|
|
|
(1,800,000 |
) * |
|
|
--- |
|
|
|
--- |
|
|
|
12 |
% |
|
$ |
1.9930 |
|
Dec-10 |
|
|
500,000 |
|
|
|
--- |
|
|
|
(500,000 |
) * |
|
|
--- |
|
|
|
--- |
|
|
|
10 |
% |
|
$ |
1.9930 |
|
Feb-11 |
|
|
--- |
|
|
|
300,000 |
|
|
|
(300,000 |
) * |
|
|
--- |
|
|
|
--- |
|
|
|
10 |
% |
|
$ |
1.9930 |
|
May-11 |
|
|
--- |
|
|
|
250,000 |
|
|
|
(250,000 |
) * |
|
|
--- |
|
|
|
--- |
|
|
|
10 |
% |
|
$ |
1.9930 |
|
Jun-11 |
|
|
--- |
|
|
|
300,000 |
|
|
|
(300,000 |
) * |
|
|
--- |
|
|
|
--- |
|
|
|
10 |
% |
|
$ |
1.9930 |
|
Aug-11 |
|
|
--- |
|
|
|
250,000 |
|
|
|
--- |
|
|
|
--- |
|
|
|
250,000 |
|
|
|
10 |
% |
|
$ |
1.9930 |
|
Sep-11 |
|
|
--- |
|
|
|
100,000 |
** |
|
|
--- |
|
|
|
(100,000 |
) |
|
|
--- |
|
|
|
18 |
% |
|
|
--- |
|
Oct-11 |
|
|
--- |
|
|
|
100,000 |
** |
|
|
--- |
|
|
|
(100,000 |
) |
|
|
--- |
|
|
|
18 |
% |
|
|
--- |
|
Dec-11 |
|
|
--- |
|
|
|
200,000 |
|
|
|
--- |
|
|
|
--- |
|
|
|
200,000 |
|
|
|
18 |
% |
|
|
--- |
|
|
|
$ |
7,300,000 |
|
|
$ |
1,500,000 |
|
|
$ |
(8,150,000 |
) |
|
$ |
(200,000 |
) |
|
$ |
450,000 |
|
|
|
|
|
|
|
|
|
|