The increase in the Company's authorized share capital as described above in Item 5.03 was authorized by the consent of the holders of a majority of the Company's issued and outstanding shares. On September 3, 2013, the Company's Board of Directors approved, by way of unanimous written consent resolutions, the increase in the Company's authorized shares of common stock from 150,000,000 shares, par value $0.001 per share, to 1,000,000,000 shares, par value $0.001 per share, and at the same time approved the submission of the increase in authorized shares of common stock to the holders of the majority of the Company's outstanding shares of common stock, who also approved such increase in authorized shares of common stock on September 3, 2013 by written consent. In addition, the Board of Directors set September 3, 2013 as the record date for the determination of stockholders who were entitled to receive the Schedule 14C Information Statement with respect to this matter. The Company filed the definitive Schedule 14C with the Securities and Exchange Commission on September 16, 2013 and on or around the same date mailed the definitive Schedule 14C to all stockholders of record as of the record date, which informed such stockholders of record that the Certificate of Amendment would be filed with the Nevada Secretary of State and would become effective, on or about October 7, 2013.