1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Series B-1 Convertible Preferred Stock
|
Â
(2)
|
Â
(3)
|
Common Stock, par value $0.0001 per share
|
0
(4)
|
$
0.3
|
I
|
See explanation.
(4)
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
Does not include 1,066,500 shares of common stock owed of record by China Goldjoy Limited, the parent company of Giant Leap International, Ltd. As the chairman of the board of directors of China Goldjoy Limited, Mr. Yao shares voting and dispositive power over these shares. Mr. Yao disclaims beneficial ownership of such shares except to the extent of his pecuniary interest in such shares. |
(2) |
The Series B-1 convertible preferred stock is convertible into common stock at any time into such number of fully paid and non-assessable shares of Common Stock as is determined by dividing the Series B-1 Original Issue Price by the Series B-1 Conversion Price (as defined above) in effect at the time of conversion. |
(3) |
The Series B-1 convertible preferred stock has no expiration date. |
(4) |
Does not include 7,262,673 shares of common stock issuable upon conversion of Series B-1 Convertible Preferred Stock owned of record by Giant Leap International, Ltd. As the chairman of the board of directors of China Goldjoy Limited, the parent company of Giant Leap International, Ltd., Mr. Yao shares voting and dispositive power over these shares. Mr. Yao disclaims beneficial ownership of such shares except to the extent of his pecuniary interest in such shares. |