附件 4.13

证券说明

我们 拥有由以下内容组成的法定股本。公司有权发行的股本股份总数为:20.2亿股。这些股票应分为两类,12亿股(2,000,000,000股) 股指定为面值为.001美元的普通股(以下简称“普通股”)和2,000万股(20,000,000股),指定为面值为.001美元的优先股(“优先股”)。公司的优先股可由公司的董事董事会 授权以一个或多个类别或任何类别内的一个或多个系列发行,该等类别或系列应具有投票权、完全或有限投票权,或无投票权,以及此类指定:偏好、限制或限制 由公司董事会不时决定。

普通股 股票

我们的公司章程授权我们发行2,000,000,000股普通股,每股面值0.001美元。普通股的所有流通股 均已缴足股款且不可评估,将发行普通股。我们普通股的每一股在各个方面都享有相同的权利和特权。我们普通股的持有者有权对提交给我们股东投票的所有事项进行投票,并且每持有一股普通股有权投一票。没有累积投票权。

我们普通股的 持有者有权在满足任何已发行优先股的任何先前权利和优惠 后,有权平等分享我们董事会可不时宣布的股息和其他分派 从合法可用于该目的的资金中拨出。如果我们清算、解散或清盘,普通股持有者将有权在偿还我们对已发行优先股持有者的所有债务和我们的 义务后,按比例分享我们所有剩余可供分配的资产。

优先股 股票

我们的公司章程授权我们发行20,000,000股优先股,每股面值0.001美元。我们的董事会 有权在一个或多个系列中发行额外的优先股,并为每个系列确定要包括在每个系列中的指定和 股票数量。我们的董事会还被授权设置每个此类系列股票的权力、特权、优惠、 和相对参与权、可选权利或其他权利,以及每个此类系列股票的资格、限制或 限制。

除非我们的董事会另有规定,否则所有系列优先股的股票在支付股息和清算时的资产分配方面将处于平价地位。我们发行我们优先股的任何股份都可能产生延迟、推迟或阻止我们控制权变更或主动收购提议的效果。发行优先股 还可能减少可分配给普通股持有人的收益和资产数额,或可能对普通股持有人的权利和权力产生不利影响,包括投票权。

从2013年8月7日起,我们的董事会将我们的一系列优先股指定为D系列优先股,授权发行15,000股。 我们的D系列优先股发行条款授权我们在六个月的时间内通过多次交易超额配售500,000美元,筹集至多1,000,000美元。 我们在D系列优先股认购中获得了总计750,000美元的融资,即7,500股 股。

The following are primary terms of the Series D Preferred Stock. The Series D Preferred holders were initially entitled to be paid a special monthly divided at the rate of 17.5% per annum. Initially, the Series D Preferred Stock was also entitled to be paid special dividends in the event cash dividends were not paid when scheduled. If the Company does not pay the dividend within five (5) business days from the end of the calendar month for which the payment of such dividend to owed, the Company will pay the investor a special dividend of an additional 3.5%. Any unpaid or accrued special dividends will be paid upon a liquidation or redemption. For any other dividends or distributions, the Series D Preferred Stock participates with common stock on an as-converted basis. The Series D Preferred holders may elect to convert the Series D Preferred Stock, in their sole discretion, at any time after a one year (1) year holding period, by sending the Company a notice to convert. The conversion rate is equal to the greater of $0.08 or a 20% discount to the average of the three (3) lowest closing market prices of the common stock during the ten (10) trading day period prior to conversion. The Series D Preferred Stock is redeemable from funds legally available for distribution at the option of the individual holders of the Series D Preferred Stock commencing any time after the one (1) year period from the offering closing at a price equal to the initial purchase price plus all accrued but unpaid dividends, provided, that if the Company gave notice to the investors that it was not in a financial position to redeem the Series D Preferred, the Company and the Series D Preferred holders are obligated to negotiate in good faith for an extension of the redemption period. The Company timely notified the investors that it was not in a financial position to redeem the Series D Preferred and the Company and the investors have engaged in ongoing negotiations to determine an appropriate extension period. The Company may elect to redeem the Series D Preferred Stock any time at a price equal to initial purchase price plus all accrued but unpaid dividends, subject to the investors’ right to convert, by providing written notice about its intent to redeem. Each investor has the right to convert the Series D Preferred Stock at least ten (10) days prior to such redemption by the Company.