Item 8.01 Other Events.

The Company's Series F preferred stock has been retired as all of the outstanding Series F preferred shares, consisting of 290,397 shares plus a 0.763 fractional share, were converted into 290,397,763 shares of common stock pursuant to the automatic conversion clause of the Series F designation. This conversion was readily accepted by the Arizona corporation Arknet Inc, the holder of all of the Series F stock.

In exchange for the ownership of the URL, website, and business of www.RegalPhotoArchive.com, and because the company intends to monetize the assets resulting from the Series H preferred stock transaction by applying the PXR Tactical Platform resulting from the Series I preferred stock transaction, the extra majority voting structure set forth in the Series H Preferred Stock designation has been transferred to the Series I Preferred Stock designation, i.e., the holder(s) of the Series H preferred shares now have no voting rights, and the holder(s) of the Series I preferred shares, in any voting matter, now have a vote equal to, or in excess of, 55% of all votes cast in such matter.

By vote of the Board of Directors (Timothy Holly abstaining), Dr. Jon Leonard has stepped down and Timothy Holly has become the new Chairman of the Board of Directors.






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