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1. Organization and Nature of Operations      DayStar Technologies, Inc. (“DayStar” or the “Company”) is a development stage enterprise that was formed in 1997 for the purpose of developing, manufacturing and marketing innovative products to the solar photovoltaic (“PV”) industry. From its inception, the Company has focused primarily on thin film copper indium gallium di-selenide (“CIGS”) solar products. The Company has developed a proprietary one-step sputter deposition process and manufactured a commercial scale deposition tool to apply high efficiency CIGS material over large area glass substrates in a continuous fashion. This tool in one step completes the critical process of applying the CIGS material to the substrate and when integrated with commercially available thin film manufacturing equipment for the remaining steps, the Company believes it can provide a critically differentiated manufacturing process to produce low-cost monolithically integrated, CIGS-on-glass modules that address the grid-tied, ground-based PV market.      Given the continuing challenges in the solar manufacturing sector from oversupply of modules and fierce price competition, the Company has significantly scaled back its development and manufacturing efforts and embarked on a strategy in which it is seeking strategic partnerships to advance its technology and enter new markets within the global renewal energy industry. These new lines of businesses (“LOBs”) may include companies involved in: 1) engineering, procurement, and construction (“EPC”) of solar modules 2) solar power generation (ie. solar farms) and 3) solar storage technologies. We consider this diversification strategy a prudent one as it avoids carrying the increasing business and financial risks in the solar manufacturing sector while we begin building a foundation of well-managed companies and attractive assets within these new LOBs.      In March 2012, Sunlogics Power Fund Management, Inc., a subsidiary of Salamon Group Inc., made an initial loan of $500,000 to DayStar. Sunlogics Power Fund Management (“Sunlogics”) is a fund that invests in companies in the solar industry and is a project-acquiring partner of Sunlogics PLC and its subsidiary, as well as other third party project developers, specializing in the design, development and operation of solar energy solutions, including rooftop and ground mount solar power systems. Simultaneous with the initial loan, Sunlogics entered into a consulting arrangement with DayStar to assist the management of the Company with business development, securing equity or debt financing and also with exploring and evaluating strategic opportunities. DayStar and Sunlogics plan to identify and pursue opportunities that fit into the Company’s new strategy.      Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been omitted from these condensed unaudited financial statements. These condensed unaudited financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011. The condensed balance sheet as of December 31, 2011 has been derived from audited financial statements. The results of operations for the nine months ended September 30, 2012 and 2011 are not necessarily indicative of the operating results for the full year.      In the opinion of management, all adjustments, consisting only of normal recurring accruals, have been made to present fairly the Company’s financial position at September 30, 2012 and the results of its operations and its cash flows for the nine months ended September 30, 2012 and 2011 and for the period from July 1, 2005 (Inception of the Development Stage) to September 30, 2012.       Reverse Stock Split— On March 27, 2012, the Company’s shareholders approved a 1-for-7 reverse stock split of its issued and outstanding common shares with the total authorized shares of common stock remaining unchanged at 120,000,000. Trading of the Company’s common stock on the NASDAQ Capital Market on a split-adjusted basis began at the open of trading on April 9, 2012. The reverse stock split affected all shares of the Company’s common stock, as well as options to purchase the Company’s common stock and other equity incentive awards, as well as convertible debt instruments and warrants that were outstanding immediately prior to the effective date of the reverse stock split. All references to common shares and per-share data for prior periods have been retroactively restated to reflect the reverse stock split as if it had occurred at the beginning of the earliest period presented.

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2. Liquidity and Future Operations      The Company’s financial statements for the year ended December 31, 2011 and the nine months ended September 30, 2012 have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. The Company is in the development stage, and as such, has historically reported net losses, including a net loss of $3,783,496, for the nine months ended September 30, 2012. The Company anticipates it will continue to incur losses as it seeks strategic partnerships and investments. As noted herein, as a result of the Company’s current liquidity, there is substantial doubt as to its ability to continue as a going concern.     In order to continue operations and pursue strategic partnerships, the Company requires immediate and substantial additional capital beyond its current cash on hand.      In order to address its current financial requirements on February 2, 2011, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Socius CG II, Ltd. (the “Investor” or “Socius”). Pursuant to the terms of the Purchase Agreement, the Company has the right over a term of two years, subject to certain conditions, to demand through separate tranche notices that the Investor purchase up to a total of $5.0 million of Series B preferred stock.      The Company is pursuing long-term strategic partnerships and investments in companies that conduct engineering, procurement and construction (“EPC”) within the solar industry. This shift in strategy Those potential partnerships, if consummated, could include joint ventures, licensing agreements, contract manufacturing agreements, a merger with or an acquisition of DayStar. Although the Company continues to seek strategic investors or partners, in light of its current cash position, the Company may in the near term be forced to cease operations. The Company has implemented cost savings measures to limit its cash outflows while pursuing strategic investments and partnerships.      An inability to raise additional funding in the very near term may cause the Company to file a voluntary petition for reorganization under the United States Bankruptcy Code, liquidate assets, and/or pursue other such actions that could adversely affect future operations. Given current market conditions and available opportunities, there is substantial doubt as to the Company’s ability to complete a financing in the time frame required to remain in operation. A wide variety of factors relating to the Company and external conditions could adversely affect its ability to secure additional funding and the terms of any funding that it secures.

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3. Significant Accounting Policies       Cash Equivalents —The Company considers all highly liquid debt securities purchased with an original maturity of three months or less to be cash equivalents. The Company’s cash and cash equivalents are maintained with major financial institutions within the United States and at times the balances with these institutions exceed the amount of federal insurance coverage on such deposits.       Property and Equipment —Property and equipment is stated at cost. Depreciation is computed using straight-line and an accelerated method over estimated useful lives of 3 to 10 years. Expenditures for maintenance and repairs, which do not materially extend the useful lives of property and equipment, are charged to operations as incurred. When property or equipment is retired or otherwise disposed of, the property accounts are relieved of costs and accumulated depreciation and any resulting gain or loss is recognized.       Cost-Basis Method Valuation —The Company’s non-marketable equity investment is recorded using the cost-basis method of accounting, and is classified within other long-term assets on the accompanying balance sheet as permitted by FASB ASC 325, “Cost Method Investments”, as the Company owns less than 20% of the voting securities and does not have the ability to exercise significant influence over operating and financial policies of the entity. See Note 5 Investment in Non-consolidated Affiliate for more information.           Revenue Recognition —The Company recognizes revenue in accordance with the FASB ASC 605 Revenue Recognition and Securities and Exchange Commission (the “SEC”)’s Staff Accounting Bulletin No. 104, “Revenue Recognition” (“SAB 104”) which require that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services rendered; (3) the seller’s price to the buyer is fixed and determinable; and (4) collectability is reasonably assured. Since inception of the development stage on July 1, 2005, the Company has earned minimal amounts of product revenue.      Since inception of the development stage on July 1, 2005, the principal source of revenue for the Company has been from government funded research and development contracts and grants. Grant revenue is recognized when the Company fulfills obligations as set forth under the grant. Terms of the grant reflected in the accompanying financial statements require the Company to maintain specified employment criteria over a five year period. If the Company fails to meet the specified criteria, it must repay the unearned portion of the grant. As a result, the Company reported a liability of $520,000 at September 30, 2012 and December 31, 2011, respectively.      Research and development contract revenue is recognized as the Company meets milestones as set forth under the contract. The Company recognized no revenue for the nine months ended September 30, 2012 and 2011, respectively.       Research and Development Costs —Research and development costs are expensed as incurred. Funds obtained from government agencies that represent a cost reimbursement activity are reflected as reductions of Research and Development expenses.       Use of Estimates —The preparation of the Company’s financial statements in conformity with generally accepted accounting principles requires the Company’s management to make estimates and assumptions that affect the amounts reported in these financial statements and accompanying notes. Significant estimates include the useful lives of the Company’s property and equipment, the life and realization of the Company’s capitalized costs associated with its patents and the Company’s valuation allowance associated with its deferred tax asset, share-based compensation and impairment of investment in non-consolidated affiliate. Actual results could differ from those estimates.       Share-Based Compensation —The Company follows the provisions of FASB ASC 718 Compensation—Stock Compensation, which requires the measurement and recognition of compensation expense for all share-based payment awards to employees and directors based on estimated fair values. Additionally, the Company follows the SEC’s Staff Accounting Bulletin No. 107 “Share-Based Payment” (“SAB 107 ”), as amended by Staff Accounting Bulletin No. 110 (“SAB 110 ”), which provides supplemental application guidance based on the views of the SEC. The Company estimates the expected term, which represents the period of time from the grant date that the Company expects its stock options to remain outstanding, using the simplified method as permitted by SAB 107 and SAB 110. Under this method, the expected term is estimated as the mid-point between the time the options vest and their contractual terms. The Company continues to apply the simplified method because it does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate the expected terms due to the limited period of time its equity shares have been publicly traded and the limited number of its options which have so far vested and become eligible for exercise.      Share-based compensation expense for the three months and nine months ended September 30, 2012 and 2011were as follows: <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%"> <tr valign="top"> <td align="left"> </td> <td align="left" width="1%"> </td> <td align="center" colspan="4"> For the Three Months </td> <td align="center" width="2%"> </td> <td align="center" width="1%"> </td> <td align="center" colspan="4"> For the Nine Months </td> <td align="center" width="2%"> </td> </tr> <tr valign="top"> <td align="left"> </td> <td align="left" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="center" colspan="4" style="BORDER-BOTTOM: #000000 1px solid"> Ended September 30, </td> <td align="center" width="2%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="center" colspan="4" style="BORDER-BOTTOM: #000000 1px solid"> Ended September 30, </td> <td align="center" width="2%"> </td> </tr> <tr valign="top"> <td align="left"> </td> <td align="left" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="12%"> 2012 </td> <td align="center" width="2%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="12%"> 2011 </td> <td align="center" width="2%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="12%"> 2012 </td> <td align="center" width="2%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="12%"> 2011 </td> <td align="left" width="2%"> </td> </tr> <tr valign="top"> <td align="left">Share-based compensation:</td> <td align="left" width="1%"> </td> <td align="left" width="12%"> </td> <td align="left" width="2%"> </td> <td align="left" width="1%"> </td> <td align="left" width="12%"> </td> <td align="left" width="2%"> </td> <td align="left" width="1%"> </td> <td align="left" width="12%"> </td> <td align="left" width="2%"> </td> <td align="left" width="1%"> </td> <td align="left" width="12%"> </td> <td align="left" width="2%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">             Selling, general and administrative</td> <td align="left" bgcolor="#e6efff" width="1%">$</td> <td align="right" bgcolor="#e6efff" width="12%">   228,359 </td> <td align="left" bgcolor="#e6efff" width="2%"> </td> <td align="left" bgcolor="#e6efff" width="1%">$</td> <td align="right" bgcolor="#e6efff" width="12%">   56,360 </td> <td align="left" bgcolor="#e6efff" width="2%"> </td> <td align="left" bgcolor="#e6efff" width="1%">$</td> <td align="right" bgcolor="#e6efff" width="12%">   303,979 </td> <td align="left" bgcolor="#e6efff" width="2%"> </td> <td align="left" bgcolor="#e6efff" width="1%">$</td> <td align="right" bgcolor="#e6efff" width="12%">   822,467 </td> <td align="left" bgcolor="#e6efff" width="2%"> </td> </tr> <tr valign="top"> <td align="left">             Research and development</td> <td align="left" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="right" style="BORDER-BOTTOM: #000000 1px solid" width="12%"> — </td> <td align="left" width="2%"> </td> <td align="left" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="right" style="BORDER-BOTTOM: #000000 1px solid" width="12%"> 23,332 </td> <td align="left" width="2%"> </td> <td align="left" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="right" style="BORDER-BOTTOM: #000000 1px solid" width="12%"> 63,459 </td> <td align="left" width="2%"> </td> <td align="left" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="right" style="BORDER-BOTTOM: #000000 1px solid" width="12%"> 367,593 </td> <td align="left" width="2%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">                                 Total share-based compensation</td> <td align="left" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 3px double" width="1%">$</td> <td align="right" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 3px double" width="12%">   228,359 </td> <td align="left" bgcolor="#e6efff" width="2%"> </td> <td align="left" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 3px double" width="1%">$</td> <td align="right" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 3px double" width="12%">   79,692 </td> <td align="left" bgcolor="#e6efff" width="2%"> </td> <td align="left" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 3px double" width="1%">$</td> <td align="right" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 3px double" width="12%">   367,438 </td> <td align="left" bgcolor="#e6efff" width="2%"> </td> <td align="left" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 3px double" width="1%">$</td> <td align="right" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 3px double" width="12%">   1,190,060 </td> <td align="left" bgcolor="#e6efff" width="2%"> </td> </tr> </table>      The Company granted restricted stock awards to various directors and employees as part of its incentive plan. These restricted stock awards vest immediately or equally over 12 months from the grant date.      During the nine months ended September 30, 2012, the Company granted 878,571 restricted stock awards of which 171,431 shares have vested as of September 30, 2012. There were no restricted stock units or options to purchase common stock granted, and no restricted stock awards, restricted stock units or options to purchase common stock were forfeited during the nine months ended September 30, 2012.       Reclassifications —Certain reclassifications have been made to the 2011 financial statements to conform to the 2012 presentation. Such reclassifications had no impact on net loss. Impact of Recently Issued Accounting Pronouncements—      In April 2011, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2011-04, Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS . This ASU amends current fair value measurement and disclosure guidance to include increased transparency around valuation input and investment categorization. ASU 2011-04 is effective for fiscal years and interim periods beginning after December 15, 2011, with early adoption not permitted. The adoption of ASU 2011-04 in the first quarter of 2012 did not have an impact on the Company’s financial position, results of operations, or cash flows.      In September 2011, the FASB issued ASU 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income . ASU 2011-05 allows an entity to present components of net income and other comprehensive income in one continuous statement, referred to as the statement of comprehensive income, or in two separate, but consecutive statements. ASU 2011-05 eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders’ equity. While the new guidance changes the presentation of comprehensive income, there are no changes to the components that are recognized in net income or other comprehensive income under current accounting guidance. ASU 2011-05 is effective for fiscal years and interim periods beginning after December 15, 2011 and must be applied retrospectively. The Company did not have any other comprehensive income during the three months ended March 31, 2012 and the adoption of ASU 2011-05 in the first quarter of 2012 did not have an impact on the Company’s financial position, results of operations, or cash flows.      In December 2011, the FASB issued ASU 2011-11, Balance Sheet (Topic 210), Disclosures about Offsetting Assets and Liabilities , which requires companies to disclose information about financial instruments that have been offset and related arrangements to enable users of their financial statements to understand the effect of those arrangements on their financial position. Companies will be required to provide both net (offset amounts) and gross information in the notes to the financial statements for relevant assets and liabilities that are offset. ASU 2011-11 is effective for fiscal years, and interim periods within those years, beginning on or after January 1, 2013. The Company is evaluating the effect the adoption of ASU 2011-11 in the first quarter of 2013 may have on its financial position, results of operations, or cash flows.

Cash Equivalents —The Company considers all highly liquid debt securities purchased with an original maturity of three months or less to be cash equivalents. The Company’s cash and cash equivalents are maintained with major financial institutions within the United States and at times the balances with these institutions exceed the amount of federal insurance coverage on such deposits.

Property and Equipment —Property and equipment is stated at cost. Depreciation is computed using straight-line and an accelerated method over estimated useful lives of 3 to 10 years. Expenditures for maintenance and repairs, which do not materially extend the useful lives of property and equipment, are charged to operations as incurred. When property or equipment is retired or otherwise disposed of, the property accounts are relieved of costs and accumulated depreciation and any resulting gain or loss is recognized.

Cost-Basis Method Valuation —The Company’s non-marketable equity investment is recorded using the cost-basis method of accounting, and is classified within other long-term assets on the accompanying balance sheet as permitted by FASB ASC 325, “Cost Method Investments”, as the Company owns less than 20% of the voting securities and does not have the ability to exercise significant influence over operating and financial policies of the entity. See Note 5 Investment in Non-consolidated Affiliate for more information.

Revenue Recognition —The Company recognizes revenue in accordance with the FASB ASC 605 Revenue Recognition and Securities and Exchange Commission (the “SEC”)’s Staff Accounting Bulletin No. 104, “Revenue Recognition” (“SAB 104”) which require that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services rendered; (3) the seller’s price to the buyer is fixed and determinable; and (4) collectability is reasonably assured. Since inception of the development stage on July 1, 2005, the Company has earned minimal amounts of product revenue.      Since inception of the development stage on July 1, 2005, the principal source of revenue for the Company has been from government funded research and development contracts and grants. Grant revenue is recognized when the Company fulfills obligations as set forth under the grant. Terms of the grant reflected in the accompanying financial statements require the Company to maintain specified employment criteria over a five year period. If the Company fails to meet the specified criteria, it must repay the unearned portion of the grant. As a result, the Company reported a liability of $520,000 at September 30, 2012 and December 31, 2011, respectively.      Research and development contract revenue is recognized as the Company meets milestones as set forth under the contract. The Company recognized no revenue for the nine months ended September 30, 2012 and 2011, respectively.

Research and Development Costs —Research and development costs are expensed as incurred. Funds obtained from government agencies that represent a cost reimbursement activity are reflected as reductions of Research and Development expenses.

Use of Estimates —The preparation of the Company’s financial statements in conformity with generally accepted accounting principles requires the Company’s management to make estimates and assumptions that affect the amounts reported in these financial statements and accompanying notes. Significant estimates include the useful lives of the Company’s property and equipment, the life and realization of the Company’s capitalized costs associated with its patents and the Company’s valuation allowance associated with its deferred tax asset, share-based compensation and impairment of investment in non-consolidated affiliate. Actual results could differ from those estimates.

Share-Based Compensation —The Company follows the provisions of FASB ASC 718 Compensation—Stock Compensation, which requires the measurement and recognition of compensation expense for all share-based payment awards to employees and directors based on estimated fair values. Additionally, the Company follows the SEC’s Staff Accounting Bulletin No. 107 “Share-Based Payment” (“SAB 107 ”), as amended by Staff Accounting Bulletin No. 110 (“SAB 110 ”), which provides supplemental application guidance based on the views of the SEC. The Company estimates the expected term, which represents the period of time from the grant date that the Company expects its stock options to remain outstanding, using the simplified method as permitted by SAB 107 and SAB 110. Under this method, the expected term is estimated as the mid-point between the time the options vest and their contractual terms. The Company continues to apply the simplified method because it does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate the expected terms due to the limited period of time its equity shares have been publicly traded and the limited number of its options which have so far vested and become eligible for exercise.

Reclassifications —Certain reclassifications have been made to the 2011 financial statements to conform to the 2012 presentation. Such reclassifications had no impact on net loss.

Impact of Recently Issued Accounting Pronouncements—      In April 2011, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2011-04, Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS . This ASU amends current fair value measurement and disclosure guidance to include increased transparency around valuation input and investment categorization. ASU 2011-04 is effective for fiscal years and interim periods beginning after December 15, 2011, with early adoption not permitted. The adoption of ASU 2011-04 in the first quarter of 2012 did not have an impact on the Company’s financial position, results of operations, or cash flows.      In September 2011, the FASB issued ASU 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income . ASU 2011-05 allows an entity to present components of net income and other comprehensive income in one continuous statement, referred to as the statement of comprehensive income, or in two separate, but consecutive statements. ASU 2011-05 eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders’ equity. While the new guidance changes the presentation of comprehensive income, there are no changes to the components that are recognized in net income or other comprehensive income under current accounting guidance. ASU 2011-05 is effective for fiscal years and interim periods beginning after December 15, 2011 and must be applied retrospectively. The Company did not have any other comprehensive income during the three months ended March 31, 2012 and the adoption of ASU 2011-05 in the first quarter of 2012 did not have an impact on the Company’s financial position, results of operations, or cash flows.      In December 2011, the FASB issued ASU 2011-11, Balance Sheet (Topic 210), Disclosures about Offsetting Assets and Liabilities , which requires companies to disclose information about financial instruments that have been offset and related arrangements to enable users of their financial statements to understand the effect of those arrangements on their financial position. Companies will be required to provide both net (offset amounts) and gross information in the notes to the financial statements for relevant assets and liabilities that are offset. ASU 2011-11 is effective for fiscal years, and interim periods within those years, beginning on or after January 1, 2013. The Company is evaluating the effect the adoption of ASU 2011-11 in the first quarter of 2013 may have on its financial position, results of operations, or cash flows.

4. Other Receivable      In September 2012, Sunlogics assisted DayStar in securing proceeds totalling $438,840 with various private investors through a securities subscription agreement – see Note 6. Of the total proceeds, $226,937 is owed and outstanding from Sunlogics.

438840 226937

5. Investment in Non-Consolidated Affiliate      Investment in non-consolidated affiliate consists of an equity investment in Eco Energy Solutions (Australia) Pty. Ltd. ("Eco"). This initial investment is part of the Company’s new strategy in entering the EPC business with the solar industry. On May 31, 2012 the Company entered into a purchase agreement to acquire a 10% interest in Eco for 285,714 shares of its common stock that had a closing market stock price of $1.03. The total value of Eco is carried under the cost method of accounting at $294,285.      This investment has been accounted for as a cost-basis investment as the Company owns less than 20% of the voting securities and does not have the ability to exercise significant influence over operating and financial policies of the entity. The Company’s investment is in an entity that is not publicly traded and, therefore, no established market for the securities exists. The fair value of a cost-method investment is not estimated if there is no identified event or change in circumstances that would have a significant adverse effect on the fair value of the investment. The Company’s cost-method investment is carried at historical cost in its financial statements and measured at fair value on a nonrecurring basis. If the Company believes that the carrying value of the cost basis investment is in excess of estimated fair value, the Company’s policy is to record an impairment charge in “Other income (expense)” in the accompanying statements of operations. The Company regularly evaluates the carrying value of this cost-method investment for impairment. As of September 30, 2012, the Company believes that no event had occurred that would adversely affect the carrying value of this investment, and accordingly, the Company did not record any impairment charges relating to this investment during the three and nine months ended September 30, 2012.

0.10 285714 1.03 294285 0.20

6. Notes Payable and Warrants      Between September 2009 and December 2011, the Company entered into a series of agreements with various lenders (the “Lenders”) to provide bridge financing to the Company in exchange for notes and warrants. With the exception of the traditional loans indicated in the table below, these notes (the “Notes”) are convertible into shares of the Company’s common stock, and each contain terms of nine months, are secured by all assets of the Company, and accrue interest at rates of between 8 – 10% per annum. The Lenders may, at their option at any time prior to payment in full of the Notes, elect to convert all or any part of the entire outstanding principal amount of the Notes plus the accrued interest on the then outstanding balance into shares of the Company’s common stock at the conversion price specified in each of the Notes (subject to adjustment in the event of any stock splits, stock dividends or other recapitalization of common stock subsequent to the date of such sale or issuance). If between the date of the Notes and such conversion, the Company issues or sells any shares of capital stock, other than certain excluded securities (a “Future Issuance”), at a per share price below the original conversion price specified in the Notes, then the conversion price of the Notes will be reduced to the price of such Future Issuance.      On January 25, 2012, the Company and Michael Moretti entered into a securities purchase agreement. Pursuant to the securities purchase agreement, Mr. Moretti agreed to loan the Company $225,000 (including $125,000 advanced prior to December 31, 2011) and the Company issued Mr. Moretti (a) a secured convertible promissory note and (b) a warrant to purchase 192,858 shares of the Company’s common stock (subject to adjustment for certain corporate transactions). The note carries an interest rate of 10% per annum and is convertible into shares of the Company’s common stock based on a $1.75 conversion price (subject to adjustment for certain corporate transactions), contains a term of two years and is secured by all the assets of the Company. The warrant is immediately exercisable, expires on January 24, 2014, and has an exercise price of $2.80 per share if exercised prior to July 25, 2012, $3.15 if exercised during the period July 25, 2012 through January 24, 2013, and $3.50 if exercised after January 24, 2013 and through the expiration of the warrant. Additionally, the securities purchase agreement contains a provision that if and only if, the Company consummates a fundamental transaction that results in a change in control, the Company will use its commercially reasonable best efforts to cause the Company or other parties to the fundamental transaction to issue securities (be it common stock, other securities of the Company, or securities of another party to the fundamental transaction) equal to the original principal amount of the note divided by $1.75.      On March 14, 2012, the Company and Sunlogics entered into a securities purchase agreement. Pursuant to the purchase agreement, Sunlogics agreed to loan the Company $500,000. On March 14, 2012, and March 16, 2012, the Company issued Sunlogics two senior convertible promissory notes, representing the Company’s Senior Debt, in the principal amounts of $400,000 and $100,000, respectively. The notes carry an interest rate of 6% per annum, a term of one year, and each note is convertible into shares of the Company’s common stock at a conversion price equal to the consolidated closing bid price of the Company’s common stock on the last business day prior to the issuance of the note (subject to adjustment for certain corporate transactions). As of September 20, 2012, the company converted these notes and issued 305,023 shares of common stock.      In September 2012, the Company entered into securities purchase agreements with various investors referred by Sunlogics and raised proceeds of $438,840. Pursuant to the securities purchase agreement, the Company is required to issue common shares by January 31, 2013 for value of proceeds and accrued interest of 6% per annum. If the Company does not issue common shares by January 31, 2013, the proceeds and accrued interest will be repayable on demand by the investors. On January 31, 2013 the proceeds plus accrued interest will be converted to common shares based on a $1.20 per share ratio. In addition, warrants with an exercise price of $2.00 per common share will be issued for each common share on that date. The proceeds were received by Sunlogics and $111,398 was used to compensate Sunlogics for various consulting services provided to the Company, and $100,505 was received as of September 30, 2012. As of September 30, 2012, Sunlogics owes $226,937 to the Company.      As of September 30, 2012, the aggregate principal balance of all outstanding Notes was $5,640,753 and the Notes were convertible into 3,156,524 shares of common stock.      The conversion features on the notes issued prior to 2012 were determined to be embedded derivative liabilities and therefore were bifurcated from the notes and recorded as a discount to the notes at their fair value at issuance and are required to be adjusted to fair value at the end of each reporting period. The change in fair value of the conversion features, calculated using the Black Scholes model, is recorded as a gain or loss on derivative liabilities. The conversion feature fair values at September 30, 2012 and December 31, 2011 were $0 and $33,541, respectively. The change in fair value of the conversion features during the three months ended September 30, 2012 and 2011 resulted in a gain on derivative liabilities of $0 and $245,898, respectively. The change in fair value of the conversion features during the nine months ended September 30, 2012 and 2011 resulted in a gain on derivative liabilities of $33,541 and $3,865,916, respectively.      The conversion features on the notes issued in 2012 were determined to be beneficial conversion features and were recorded as additional paid-in capital and as a discount to the notes at their fair value at issuance of $455,011, calculated using the Black Scholes model. The proceeds remaining, if any, after allocation to the conversion features are allocated on a relative fair value basis between the Notes and the warrants and the amounts allocated to the warrants, calculated using the Black Scholes model, are recorded as additional note discount. The discount attributable to the issuance date aggregate fair value of the conversion features and warrants is being amortized using the effective interest method over the terms of the Notes. During the three months ended September 30, 2012 and 2011, $28,265 and $122,653, respectively, of this discount was amortized to expense. During the nine months ended September 30, 2012 and 2011, $316,411 and $934,715, respectively, of this discount was amortized to expense.      The warrants issued in connection with these Notes are exercisable upon issuance (with the exception of the warrants issued to Dynamic Worldwide Solar Energy, LLC) and entitle the Lenders to purchase up to 1,136,530 shares of common stock at exercise prices ranging from $2.80 – $11.90 per share, as adjusted for standard anti-dilution provisions and are exercisable for a period of 2 – 7 years from their respective issuance dates.      The following table summarizes the pertinent details of the outstanding notes and warrants as of September 30, 2012. <div> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%"> <tr valign="top"> <td align="left"> </td> <td align="left" width="1%"> </td> <td align="left" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Warrant </td> <td align="left" width="1%"> </td> </tr> <tr valign="top"> <td align="left"> </td> <td align="left" width="1%"> </td> <td align="left" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Note Payable </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Note </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Conversion </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Exercise </td> <td align="left" width="1%"> </td> </tr> <tr valign="top"> <td align="left"> </td> <td align="left" width="1%"> </td> <td align="left" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Conversion </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="left" width="1%"> </td> </tr> <tr valign="top"> <td align="left"> Lender </td> <td align="left" width="1%"> </td> <td align="left" width="1%"> </td> <td align="center" width="9%"> Principal </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Discount </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> (net of </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Shares </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Price </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Warrants </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Price </td> <td align="left" width="1%"> </td> </tr> <tr valign="top"> <td align="left" style="BORDER-BOTTOM: #000000 1px solid"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="9%"> Amount </td> <td align="center" valign="bottom" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="9%"> </td> <td align="center" valign="bottom" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="9%"> discount) </td> <td align="center" valign="bottom" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="9%"> Issuable </td> <td align="center" valign="bottom" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="9%"> </td> <td align="center" valign="bottom" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="9%"> </td> <td align="center" valign="bottom" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="9%"> </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Peter Lacey(1)</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   2,825,000 * </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   2,825,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 1,754,659 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   1.61 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 103,440 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   8.75 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">Peter Lacey(1)</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="9%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="9%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="9%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="9%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="9%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 384,657 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   11.90 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Peter Lacey(1)</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 125,000 * </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 125,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">N/A</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">N/A</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 35,715 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   7.00 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">Peter Lacey(1)</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 150,000 * </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 150,000 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 93,168 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   1.61 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 41,209 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   3.64 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Michael Moretti(6)</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 600,000 * </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 600,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 372,671 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   1.61 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 119,048 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   8.75 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">Michael Moretti(6)</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 150,000 * </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 150,000 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 93,168 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   1.61 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 27,650 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   10.85 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Michael Moretti(6)</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 125,000 * </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 125,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">N/A</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">N/A</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 35,715 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   7.00 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">Michael Moretti(6)</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 150,000 * </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 150,000 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 93,168 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   1.61 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 41,209 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   3.64 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Michael Moretti(6)</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 225,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> (148,087 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">)</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 76,913 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 128,571 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   1.75 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 192,858 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   2.80 – 3.50 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">John Gorman(2)</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 95,239 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   8.75 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Richard Schottenfeld(3)</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 15,873 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   8.75 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">William Steckel(4)</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 1,588 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   8.75 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Robert Weiss(5)</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   1.61 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 7,937 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   8.75 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">Robert Weiss</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 700,000 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 700,000 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 434,783 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   1.61 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   — </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Chris Lail</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 300,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 300,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 186,336 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   1.61 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> - </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">Dynamic Worldwide Solar Energy, LLC.</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 34,392 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   8.75 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Private Investors (7)</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 438,840 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 438,840 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> - </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr> <td> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="9%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="9%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="9%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="9%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="9%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="9%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="9%"> </td> <td valign="bottom" width="1%"> </td> </tr> <tr> <td bgcolor="#e6efff"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="9%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="9%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="9%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="9%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="9%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="9%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="9%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> $ </td> <td align="right" valign="bottom" width="9%">   5,788,840 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> $ </td> <td align="right" valign="bottom" width="9%">   (148,087 </td> <td align="left" valign="bottom" width="1%">)</td> <td align="left" valign="bottom" width="1%"> $ </td> <td align="right" valign="bottom" width="9%">   5,640,753 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 3,156,524 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="9%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 1,136,530 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="9%"> </td> <td align="left" valign="bottom" width="1%"> </td> </tr> </table> </div> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%"> <tr> <td valign="top" width="5%">*</td> <td> As of the date of filing of this report, these notes have matured and the Company is in the process of extending the maturity date with the Lenders. No lenders have demanded repayment of their matured loans. </td> </tr> </table> (1) Mr. Lacey is Chairman of the Board of Directors for the Company and currently serving as the Company’s Interim President and Chief Executive Officer. In September 2012, Peter Lacey converted $250,000 as well as the accrued interest thereon into 199,098 shares of the Company's common stock. (2) In February 2012, John Gorman converted his entire outstanding principal balance of $100,000 as well as the accrued interest thereon into shares of the Company’s common stock. (3) In March 2012, Richard Schottenfeld converted his entire outstanding principal balance of $100,000 as well as the accrued interest thereon into shares of the Company’s common stock. (4) In June 2012, William Steckel converted his entire outstanding principal balance of $30,000 as well as the accrued interest thereon into shares of the Company's common stock. (5) In September 2012, Robert Weiss converted $50,000 as well as the accrued interest thereon into 37,607 shares of the Company's common stock. (6) In September 2012, Michael Moretti converted $150,000 as well as the accrued interest thereon into 115,792 shares of the Company's common stock. (7) In September 2012, the Company entered into Share Subscription Agreements with various investors with proceeds totalling $438,840. The Company is required to issue common shares at $1.20 per share for the value of the proceeds plus accrued interest by January 31, 2013; otherwise, the proceeds plus accrued interest are repayable on demand by the investors. In addition, warrants with exercise price of $2.00 will be issued for each common share on January 31, 2013. The following table summarizes the pertinent details of the outstanding notes and warrants as of December 31, 2011. <div> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%"> <tr valign="top"> <td align="left"> </td> <td align="left" width="1%"> </td> <td align="left" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Warrant </td> <td align="center" width="1%"> </td> </tr> <tr valign="top"> <td align="left"> </td> <td align="left" width="1%"> </td> <td align="left" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Note Payable </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Note </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Conversion </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Exercise </td> <td align="center" width="1%"> </td> </tr> <tr valign="top"> <td align="left"> </td> <td align="left" width="1%"> </td> <td align="left" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Conversion </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> </tr> <tr valign="top"> <td align="left"> Lender </td> <td align="left" width="1%"> </td> <td align="left" width="1%"> </td> <td align="center" width="9%"> Principal </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Discount </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> (net of </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Shares </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Price </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Warrants </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Price </td> <td align="center" width="1%"> </td> </tr> <tr valign="top"> <td align="left" style="BORDER-BOTTOM: #000000 1px solid"> </td> <td align="left" width="1%"> </td> <td align="left" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="9%"> Amount </td> <td align="center" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="9%"> discount) </td> <td align="center" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="9%"> Issuable </td> <td align="center" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="9%"> </td> <td align="center" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Peter Lacey(1)</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 3,075,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> - </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 3,075,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 1,909,938 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   1.61 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 103,440 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   8.75 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">Peter Lacey(1)</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="9%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="9%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="9%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="9%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="9%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 384,657 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   11.90 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Peter Lacey(1)</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 125,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 125,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">N/A</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">N/A</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 35,715 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   7.00 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">Peter Lacey(1)</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 150,000 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> (4,669 </td> <td align="left" valign="bottom" width="1%">)</td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 145,331 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 93,168 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   1.61 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 41,209 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   3.64 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Michael Moretti</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 750,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 750,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 465,839 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   1.61 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 119,048 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   8.75 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">Michael Moretti</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 150,000 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 150,000 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 93,168 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   1.61 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 27,650 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   10.85 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Michael Moretti</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 125,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 125,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">N/A</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">N/A</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 35,715 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   7.00 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">Michael Moretti</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 150,000 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> (4,669 </td> <td align="left" valign="bottom" width="1%">)</td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 145,331 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 93,168 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   1.61 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 41,209 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   3.64 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Michael Moretti</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 125,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 125,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">N/A</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">N/A</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">N/A</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">N/A</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">John Gorman</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 100,000 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 100,000 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 62,112 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   1.61 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 95,239 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   8.75 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Richard Schottenfeld</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 100,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 100,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 62,112 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   1.61 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 15,873 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   8.75 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">William Steckel</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 30,000 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 30,000 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 18,634 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   1.61 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 1,588 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   8.75 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Robert Weiss</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 50,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 50,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 31,056 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   1.61 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 7,937 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   8.75 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">Dynamic Worldwide Solar Energy, LLC.</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 34,392 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   8.75 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> $ </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   4,930,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> $ </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   (9,338 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> ) </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> $ </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 4,920,662 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 2,829,195 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="9%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 943,672 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="9%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> </table> </div> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%"> <tr> <td valign="top" width="5%">(1)</td> <td> Mr. Lacey is Chairman of the Board of Directors for the Company and currently serving as the Company’s Interim President and Chief Executive Officer. </td> </tr> </table>

<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%"> <tr valign="top"> <td align="left"> </td> <td align="left" width="1%"> </td> <td align="left" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Warrant </td> <td align="left" width="1%"> </td> </tr> <tr valign="top"> <td align="left"> </td> <td align="left" width="1%"> </td> <td align="left" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Note Payable </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Note </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Conversion </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Exercise </td> <td align="left" width="1%"> </td> </tr> <tr valign="top"> <td align="left"> </td> <td align="left" width="1%"> </td> <td align="left" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Conversion </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="left" width="1%"> </td> </tr> <tr valign="top"> <td align="left"> Lender </td> <td align="left" width="1%"> </td> <td align="left" width="1%"> </td> <td align="center" width="9%"> Principal </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Discount </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> (net of </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Shares </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Price </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Warrants </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Price </td> <td align="left" width="1%"> </td> </tr> <tr valign="top"> <td align="left" style="BORDER-BOTTOM: #000000 1px solid"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="9%"> Amount </td> <td align="center" valign="bottom" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="9%"> </td> <td align="center" valign="bottom" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="9%"> discount) </td> <td align="center" valign="bottom" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="9%"> Issuable </td> <td align="center" valign="bottom" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="9%"> </td> <td align="center" valign="bottom" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="9%"> </td> <td align="center" valign="bottom" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" width="9%"> </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Peter Lacey(1)</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   2,825,000 * </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   2,825,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 1,754,659 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   1.61 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 103,440 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   8.75 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">Peter Lacey(1)</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="9%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="9%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="9%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="9%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="9%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 384,657 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   11.90 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Peter Lacey(1)</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 125,000 * </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 125,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">N/A</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">N/A</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 35,715 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   7.00 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">Peter Lacey(1)</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 150,000 * </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 150,000 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 93,168 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   1.61 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 41,209 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   3.64 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Michael Moretti(6)</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 600,000 * </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 600,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 372,671 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   1.61 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 119,048 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   8.75 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">Michael Moretti(6)</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 150,000 * </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 150,000 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 93,168 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   1.61 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 27,650 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   10.85 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Michael Moretti(6)</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 125,000 * </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 125,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">N/A</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">N/A</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 35,715 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   7.00 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">Michael Moretti(6)</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 150,000 * </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 150,000 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 93,168 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   1.61 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 41,209 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   3.64 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Michael Moretti(6)</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 225,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> (148,087 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">)</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 76,913 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 128,571 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   1.75 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 192,858 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   2.80 – 3.50 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">John Gorman(2)</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 95,239 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   8.75 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Richard Schottenfeld(3)</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 15,873 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   8.75 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">William Steckel(4)</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 1,588 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   8.75 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Robert Weiss(5)</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   1.61 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 7,937 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   8.75 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">Robert Weiss</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 700,000 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 700,000 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 434,783 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   1.61 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   — </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Chris Lail</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 300,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 300,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 186,336 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   1.61 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> - </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">Dynamic Worldwide Solar Energy, LLC.</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 34,392 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   8.75 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Private Investors (7)</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 438,840 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 438,840 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> - </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr> <td> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="9%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="9%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="9%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="9%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="9%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="9%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="1%"> </td> <td valign="bottom" width="9%"> </td> <td valign="bottom" width="1%"> </td> </tr> <tr> <td bgcolor="#e6efff"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="9%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="9%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="9%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="9%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="9%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="9%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td bgcolor="#e6efff" valign="bottom" width="9%"> </td> <td bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> $ </td> <td align="right" valign="bottom" width="9%">   5,788,840 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> $ </td> <td align="right" valign="bottom" width="9%">   (148,087 </td> <td align="left" valign="bottom" width="1%">)</td> <td align="left" valign="bottom" width="1%"> $ </td> <td align="right" valign="bottom" width="9%">   5,640,753 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 3,156,524 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="9%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 1,136,530 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="9%"> </td> <td align="left" valign="bottom" width="1%"> </td> </tr> </table> 2825000 0 2825000 1754659 1.61 103440 8.75 384657 11.90 125000 0 125000 35715 7.00 150000 0 150000 93168 1.61 41209 3.64 600000 0 600000 372671 1.61 119048 8.75 150000 0 150000 93168 1.61 27650 10.85 125000 0 125000 35715 7.00 150000 0 150000 93168 1.61 41209 3.64 225000 -148087 76913 128571 1.75 192858 2.80 3.50 0 0 0 0 0 95239 8.75 0 0 0 0 0 15873 8.75 0 0 0 0 0 1588 8.75 0 0 0 0 1.61 7937 8.75 700000 0 700000 434783 1.61 0 0 300000 0 300000 186336 1.61 0 0 0 0 0 0 0 34392 8.75 438840 0 438840 0 0 0 0 5788840 -148087 5640753 3156524 1136530 <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%"> <tr valign="top"> <td align="left"> </td> <td align="left" width="1%"> </td> <td align="left" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Warrant </td> <td align="center" width="1%"> </td> </tr> <tr valign="top"> <td align="left"> </td> <td align="left" width="1%"> </td> <td align="left" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Note Payable </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Note </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Conversion </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Exercise </td> <td align="center" width="1%"> </td> </tr> <tr valign="top"> <td align="left"> </td> <td align="left" width="1%"> </td> <td align="left" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Conversion </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> </td> <td align="center" width="1%"> </td> </tr> <tr valign="top"> <td align="left"> Lender </td> <td align="left" width="1%"> </td> <td align="left" width="1%"> </td> <td align="center" width="9%"> Principal </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Discount </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> (net of </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Shares </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Price </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Warrants </td> <td align="center" width="1%"> </td> <td align="center" width="1%"> </td> <td align="center" width="9%"> Price </td> <td align="center" width="1%"> </td> </tr> <tr valign="top"> <td align="left" style="BORDER-BOTTOM: #000000 1px solid"> </td> <td align="left" width="1%"> </td> <td align="left" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="9%"> Amount </td> <td align="center" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="9%"> discount) </td> <td align="center" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="9%"> Issuable </td> <td align="center" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="9%"> </td> <td align="center" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="9%"> </td> <td align="center" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Peter Lacey(1)</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 3,075,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> - </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 3,075,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 1,909,938 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   1.61 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 103,440 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   8.75 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">Peter Lacey(1)</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="9%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="9%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="9%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="9%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="9%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 384,657 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   11.90 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Peter Lacey(1)</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 125,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 125,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">N/A</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">N/A</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 35,715 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   7.00 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">Peter Lacey(1)</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 150,000 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> (4,669 </td> <td align="left" valign="bottom" width="1%">)</td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 145,331 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 93,168 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   1.61 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 41,209 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   3.64 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Michael Moretti</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 750,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 750,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 465,839 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   1.61 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 119,048 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   8.75 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">Michael Moretti</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 150,000 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 150,000 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 93,168 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   1.61 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 27,650 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   10.85 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Michael Moretti</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 125,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 125,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">N/A</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">N/A</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 35,715 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   7.00 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">Michael Moretti</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 150,000 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> (4,669 </td> <td align="left" valign="bottom" width="1%">)</td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 145,331 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 93,168 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   1.61 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 41,209 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   3.64 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Michael Moretti</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 125,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 125,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">N/A</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">N/A</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">N/A</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">N/A</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">John Gorman</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 100,000 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 100,000 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 62,112 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   1.61 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 95,239 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   8.75 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Richard Schottenfeld</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 100,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 100,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 62,112 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   1.61 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 15,873 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   8.75 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">William Steckel</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 30,000 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 30,000 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 18,634 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   1.61 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 1,588 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   8.75 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Robert Weiss</td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 50,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> — </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 50,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 31,056 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   1.61 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 7,937 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%">$</td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   8.75 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left">Dynamic Worldwide Solar Energy, LLC.</td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> — </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%"> </td> <td align="right" valign="bottom" width="9%"> 34,392 </td> <td align="left" valign="bottom" width="1%"> </td> <td align="left" valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">   8.75 </td> <td align="left" valign="bottom" width="1%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> $ </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   4,930,000 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> $ </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%">   (9,338 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> ) </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> $ </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 4,920,662 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 2,829,195 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="9%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="right" bgcolor="#e6efff" valign="bottom" width="9%"> 943,672 </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="9%"> </td> <td align="left" bgcolor="#e6efff" valign="bottom" width="1%"> </td> </tr> </table> 3075000 0 3075000 1909938 1.61 103440 8.75 384657 11.90 125000 0 125000 35715 7.00 150000 -4669 145331 93168 1.61 41209 3.64 750000 0 750000 465839 1.61 119048 8.75 150000 0 150000 93168 1.61 27650 10.85 125000 0 125000 35715 7.00 150000 -4669 145331 93168 1.61 41209 3.64 125000 0 125000 100000 0 100000 62112 1.61 95239 8.75 100000 0 100000 62112 1.61 15873 8.75 30000 0 30000 18634 1.61 1588 8.75 50000 0 50000 31056 1.61 7937 8.75 0 0 0 0 0 34392 8.75 4930000 -9338 4920662 2829195 943672 8 0.10 225000 125000 192858 0.10 1.75 2.80 3.15 3.50 1.75 500000 400000 100000 0.06 305023 438840 0.06 1.20 2.00 111398 100505 226937 5640753 3156524 0 33541 0 245898 33541 3865916 455011 28265 122653 316411 934715 1136530 2.80 11.90 2 7 250000 199098 100000 100000 30000 50000 37607 150000 115792 438840 1.20 2.00 7. Derivative Liabilities      As described in Note 6 Notes Payable and Warrants, the Company is accounting for the conversion features in certain of its convertible notes as embedded derivative liabilities. The Company currently does not use hedging contracts to manage the risk of its overall exposure to interest rate and foreign currency changes. The conversion features are not considered hedging instruments.      The conversion feature liability on the balance sheet at September 30, 2012 and 2011, and the change in the liability for the nine months ended September 30, 2012 and 2011 is summarized as follows: <div align="center"> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="80%"> <tr valign="top"> <td align="left"> </td> <td align="left" width="1%"> </td> <td align="center" width="22%"> Conversion </td> <td align="left" width="2%"> </td> </tr> <tr valign="top"> <td align="left"> </td> <td align="left" width="1%"> </td> <td align="center" width="22%"> Feature </td> <td align="left" width="2%"> </td> </tr> <tr valign="top"> <td align="left"> </td> <td align="left" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="22%"> Liability </td> <td align="left" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Balance, December 31, 2010</td> <td align="left" bgcolor="#e6efff" width="1%">$</td> <td align="right" bgcolor="#e6efff" width="22%">   3,854,272 </td> <td align="left" bgcolor="#e6efff" width="2%"> </td> </tr> <tr valign="top"> <td align="left">New debt issuances</td> <td align="left" width="1%"> </td> <td align="right" width="22%"> 41,794 </td> <td align="left" width="2%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Change in fair value</td> <td align="left" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="right" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 1px solid" width="22%"> (3,896,066 </td> <td align="left" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 1px solid" width="2%">)</td> </tr> <tr valign="top"> <td align="left">Balance, September 30, 2011</td> <td align="left" style="BORDER-BOTTOM: #000000 3px double" width="1%">$</td> <td align="right" style="BORDER-BOTTOM: #000000 3px double" width="22%"> - </td> <td align="left" style="BORDER-BOTTOM: #000000 3px double" width="2%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Balance, December 31, 2011</td> <td align="left" bgcolor="#e6efff" width="1%">$</td> <td align="right" bgcolor="#e6efff" width="22%">   33,541 </td> <td align="left" bgcolor="#e6efff" width="2%"> </td> </tr> <tr valign="top"> <td align="left">Change in fair value</td> <td align="left" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="right" style="BORDER-BOTTOM: #000000 1px solid" width="22%"> (33,541 </td> <td align="left" style="BORDER-BOTTOM: #000000 1px solid" width="2%">)</td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Balance, September 30, 2012</td> <td align="left" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 3px double" width="1%">$</td> <td align="right" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 3px double" width="22%"> - </td> <td align="left" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 3px double" width="2%"> </td> </tr> </table> </div>      In accordance with ASC 820, the following table represents the Company’s fair value hierarchy for its financial liabilities measured at fair value on a recurring basis as of September 30, 2012 and December 31, 2011. There were no financial assets subject to the provisions of ASC 820 as of September 30, 2012 and December 31, 2011. <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%"> <tr valign="top"> <td align="left"> </td> <td align="left" width="1%"> </td> <td align="center" width="12%"> Level 1 </td> <td align="center" width="2%"> </td> <td align="center" width="1%"> </td> <td align="center" width="12%"> Level 2 </td> <td align="center" width="2%"> </td> <td align="center" width="1%"> </td> <td align="center" width="12%"> Level 3 </td> <td align="center" width="2%"> </td> <td align="center" width="1%"> </td> <td align="center" width="12%"> Total </td> <td align="left" width="2%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Financial liabilities at September 30, 2012:</td> <td align="left" bgcolor="#e6efff" width="1%"> </td> <td align="center" bgcolor="#e6efff" width="12%"> </td> <td align="center" bgcolor="#e6efff" width="2%"> </td> <td align="center" bgcolor="#e6efff" width="1%"> </td> <td align="center" bgcolor="#e6efff" width="12%"> </td> <td align="center" bgcolor="#e6efff" width="2%"> </td> <td align="center" bgcolor="#e6efff" width="1%"> </td> <td align="center" bgcolor="#e6efff" width="12%"> </td> <td align="center" bgcolor="#e6efff" width="2%"> </td> <td align="center" bgcolor="#e6efff" width="1%"> </td> <td align="center" bgcolor="#e6efff" width="12%"> </td> <td align="left" bgcolor="#e6efff" width="2%"> </td> </tr> <tr valign="top"> <td align="left">             Conversion feature</td> <td align="left" style="BORDER-BOTTOM: #000000 1px solid" width="1%">$</td> <td align="right" style="BORDER-BOTTOM: #000000 1px solid" width="12%"> - </td> <td align="left" width="2%"> </td> <td align="left" style="BORDER-BOTTOM: #000000 1px solid" width="1%">$</td> <td align="right" style="BORDER-BOTTOM: #000000 1px solid" width="12%"> - </td> <td align="left" width="2%"> </td> <td align="left" style="BORDER-BOTTOM: #000000 1px solid" width="1%">$</td> <td align="right" style="BORDER-BOTTOM: #000000 1px solid" width="12%"> - </td> <td align="left" width="2%"> </td> <td align="left" style="BORDER-BOTTOM: #000000 1px solid" width="1%">$</td> <td align="right" style="BORDER-BOTTOM: #000000 1px solid" width="12%"> - </td> <td align="left" width="2%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff"> </td> <td align="left" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 3px double" width="1%">$</td> <td align="right" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 3px double" width="12%"> - </td> <td align="left" bgcolor="#e6efff" width="2%"> </td> <td align="left" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 3px double" width="1%">$</td> <td align="right" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 3px double" width="12%"> - </td> <td align="left" bgcolor="#e6efff" width="2%"> </td> <td align="left" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 3px double" width="1%">$</td> <td align="right" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 3px double" width="12%"> - </td> <td align="left" bgcolor="#e6efff" width="2%"> </td> <td align="left" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 3px double" width="1%">$</td> <td align="right" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 3px double" width="12%"> - </td> <td align="left" bgcolor="#e6efff" width="2%"> </td> </tr> <tr valign="top"> <td align="left">Financial liabilities at December 31, 2011:</td> <td align="left" width="1%"> </td> <td align="left" width="12%"> </td> <td align="left" width="2%"> </td> <td align="left" width="1%"> </td> <td align="left" width="12%"> </td> <td align="left" width="2%"> </td> <td align="left" width="1%"> </td> <td align="left" width="12%"> </td> <td align="left" width="2%"> </td> <td align="left" width="1%"> </td> <td align="left" width="12%"> </td> <td align="left" width="2%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">             Conversion feature</td> <td align="left" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 1px solid" width="1%">$</td> <td align="right" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 1px solid" width="12%"> - </td> <td align="left" bgcolor="#e6efff" width="2%"> </td> <td align="left" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 1px solid" width="1%">$</td> <td align="right" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 1px solid" width="12%"> - </td> <td align="left" bgcolor="#e6efff" width="2%"> </td> <td align="left" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 1px solid" width="1%">$</td> <td align="right" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 1px solid" width="12%">   33,541 </td> <td align="left" bgcolor="#e6efff" width="2%"> </td> <td align="left" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 1px solid" width="1%">$</td> <td align="right" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 1px solid" width="12%">   33,541 </td> <td align="left" bgcolor="#e6efff" width="2%"> </td> </tr> <tr valign="top"> <td align="left"> </td> <td align="left" style="BORDER-BOTTOM: #000000 3px double" width="1%">$</td> <td align="right" style="BORDER-BOTTOM: #000000 3px double" width="12%"> - </td> <td align="left" width="2%"> </td> <td align="left" style="BORDER-BOTTOM: #000000 3px double" width="1%">$</td> <td align="right" style="BORDER-BOTTOM: #000000 3px double" width="12%"> - </td> <td align="left" width="2%"> </td> <td align="left" style="BORDER-BOTTOM: #000000 3px double" width="1%">$</td> <td align="right" style="BORDER-BOTTOM: #000000 3px double" width="12%">   33,541 </td> <td align="left" width="2%"> </td> <td align="left" style="BORDER-BOTTOM: #000000 3px double" width="1%">$</td> <td align="right" style="BORDER-BOTTOM: #000000 3px double" width="12%">   33,541 </td> <td align="left" width="2%"> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="80%"> <tr valign="top"> <td align="left"> </td> <td align="left" width="1%"> </td> <td align="center" width="22%"> Conversion </td> <td align="left" width="2%"> </td> </tr> <tr valign="top"> <td align="left"> </td> <td align="left" width="1%"> </td> <td align="center" width="22%"> Feature </td> <td align="left" width="2%"> </td> </tr> <tr valign="top"> <td align="left"> </td> <td align="left" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="center" style="BORDER-BOTTOM: #000000 1px solid" width="22%"> Liability </td> <td align="left" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Balance, December 31, 2010</td> <td align="left" bgcolor="#e6efff" width="1%">$</td> <td align="right" bgcolor="#e6efff" width="22%">   3,854,272 </td> <td align="left" bgcolor="#e6efff" width="2%"> </td> </tr> <tr valign="top"> <td align="left">New debt issuances</td> <td align="left" width="1%"> </td> <td align="right" width="22%"> 41,794 </td> <td align="left" width="2%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Change in fair value</td> <td align="left" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="right" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 1px solid" width="22%"> (3,896,066 </td> <td align="left" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 1px solid" width="2%">)</td> </tr> <tr valign="top"> <td align="left">Balance, September 30, 2011</td> <td align="left" style="BORDER-BOTTOM: #000000 3px double" width="1%">$</td> <td align="right" style="BORDER-BOTTOM: #000000 3px double" width="22%"> - </td> <td align="left" style="BORDER-BOTTOM: #000000 3px double" width="2%"> </td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Balance, December 31, 2011</td> <td align="left" bgcolor="#e6efff" width="1%">$</td> <td align="right" bgcolor="#e6efff" width="22%">   33,541 </td> <td align="left" bgcolor="#e6efff" width="2%"> </td> </tr> <tr valign="top"> <td align="left">Change in fair value</td> <td align="left" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td> <td align="right" style="BORDER-BOTTOM: #000000 1px solid" width="22%"> (33,541 </td> <td align="left" style="BORDER-BOTTOM: #000000 1px solid" width="2%">)</td> </tr> <tr valign="top"> <td align="left" bgcolor="#e6efff">Balance, September 30, 2012</td> <td align="left" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 3px double" width="1%">$</td> <td align="right" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 3px double" width="22%"> - </td> <td align="left" bgcolor="#e6efff" style="BORDER-BOTTOM: #000000 3px double" width="2%"> </td> </tr> </table> 3854272 41794 -3896066 0 33541 -33541 0

0 0 0 0 0 0 0 0 0 0 33541 33541 0 0 33541 33541

8. Subsequent Events       On October 16, 2012, the Company acquired solar project assets in Hawaii from Avatar Solar Inc., an energy service provider based in California. The purchase price of $850,000 will be paid in cash and equity that prices the Company’s common shares at $2.00 per share.       On November 16, 2012, the Company’s CFO resigned and was immediately replaced by a new CFO. The new CFO received an inducement in restricted stock units of 136,000 shares in the Company that vest equally over 12 months from the grant date.       On November 20, 2012, the Company terminated its debt swap agreement dated July 10, 2012 that contemplated the purchase by the Company from Michael Matvieshen, Chief Executive Officer of Salamon Group Inc., a convertible debt of $15 million issued by Salamon Group Inc. in exchange for debt of $15 million issued by the Company.       On November 28, 2012, the Company’s Chairman and Interim Chief Executive Officer exercised the conversion of his notes payable and accrued interest totalling $3.9 million for 3.2 million common shares of the Company.      In November 2012, the Company issued 185,717 common shares for vested portion of share inducements offered to various key management employees of the Company.       In December 2012, the Company issued 1,034,001 of restricted common shares to various employees as inducements; 239,000 common shares to various consultants for consulting work performed for the Company; and 303,100 common shares issued to various individuals and companies as part of an assignment of shares from Michael Matvieshen, who received 305,023 common shares for converting his notes in March 2012.

850000 2.00 136000 12 15000000 15000000 3900000 3200000 185717 1034001 239000 303100 305023