BlastGard International Inc. (OTCBB: BLGA) made an offer to acquire remaining 1.8% stake in Highcom Security Inc. from Ron Peled for $0.01 million on May 3, 2011. BlastGard agreed for a period of 30 days to offer to purchase Ron Peled 21 shares of HighCom from him or his transferee at a cost of 179,934 shares of BGI Common Stock and in exchange for promissory notes totaling $3,600, plus 1.8% of the earnout provisions. BlastGard International Inc. (OTCBB: BLGA) cancelled the acquisition of remaining 1.8% stake in Highcom Security Inc. from Ron Peled on May 3, 2012.