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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>As filed with
the Securities and Exchange Commission on June 1, 2012</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Registration No.&nbsp;&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Form S-1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>REGISTRATION STATEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>UNDER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>THE SECURITIES ACT OF 1933</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>THWAPR, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><I>(Exact name of Registrant as specified
in its charter)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; border-bottom: black 1pt solid; padding: 0; text-align: center">Delaware</TD>
    <TD STYLE="width: 1%; padding: 0; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 32%; border-bottom: black 1pt solid; padding: 0; text-align: center">2835</TD>
    <TD STYLE="width: 1%; padding: 0; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 33%; border-bottom: black 1pt solid; padding: 0; text-align: center">&nbsp;33-0413161</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: center"><I>(State or Other Jurisdiction of<BR>
    Incorporation or Organization)</I></TD>
    <TD STYLE="font-style: italic; text-align: center; padding: 0"><I>&nbsp;</I></TD>
    <TD STYLE="padding: 0; text-align: center"><I>(Primary Standard Industrial <BR>
    Classification Code Number)</I></TD>
    <TD STYLE="font-style: italic; text-align: center; padding: 0">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: center; padding: 0">(I.R.S. Employer <BR>
Identification Number)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>410 S. Rampart Blvd. Ste. 390</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Las Vegas, NV 89145</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>( <FONT STYLE="color: black"><U>702)
726-6820</U></FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>&nbsp;(Address, including zip code, and
telephone number,</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>including area code, of Registrant&rsquo;s
principal executive offices)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>Copies to:</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Stephen A. Weiss, Esq.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Rachael Schmierer, Esq.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Hunter Taubman Weiss</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>17 State Street, Suite 2000</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>New York, New York 10004</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Approximate date of commencement of proposed sale to the
public:</B> From time to time after this Registration Statement becomes effective.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt">If any of the securities being registered
on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the
following box. <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt">If this Form is filed to register additional
securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement for the same offering. <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt">If this Form is a post-effective amendment
filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement
number of the earlier effective registration statement for the same offering. <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt">If this Form is a post-effective amendment
filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement
number of the earlier effective registration statement for the same offering. <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 49.5pt">Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See
definitions of &ldquo;large accelerated filer&rdquo;, &ldquo;accelerated filer&rdquo; and &ldquo;smaller reporting company&rdquo;
in Rule 12b-2 of the Exchange Act.&nbsp;&nbsp;(Check one):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 49%; border-top: black 1pt solid; padding: 0; text-indent: 0">Large accelerated filer</TD>
    <TD STYLE="width: 4%; border-top: black 1pt solid; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 15%; border-top: black 1pt solid; padding: 0; text-indent: 0">Accelerated filer</TD>
    <TD STYLE="width: 32%; border-top: black 1pt solid; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">Non-accelerated filer</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Smaller reporting</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">company&nbsp;</P></TD>
    <TD STYLE="font-weight: bold; padding: 0; text-indent: 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(Do not check if a smaller reporting company)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CALCULATION OF REGISTRATION FEE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-size: 10pt; border-bottom: Black 1pt solid">Title of each class of securities to be registered (1)</TD><TD NOWRAP STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-size: 10pt; border-bottom: Black 1pt solid; text-align: center">Amount to be<BR>
 registered (1)</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD NOWRAP STYLE="font-size: 10pt; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-size: 10pt; border-bottom: Black 1pt solid; text-align: center">Proposed<BR>
 maximum offering<BR>
 price per share (2)</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD NOWRAP STYLE="font-size: 10pt; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-size: 10pt; border-bottom: Black 1pt solid; text-align: center">Proposed<BR>
 maximum<BR>
 aggregate<BR>
 offering price</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: center">&nbsp;</TD><TD NOWRAP STYLE="font-size: 10pt; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-size: 10pt; border-bottom: Black 1pt solid; text-align: center">Amount of<BR>
 registration fee</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="width: 44%; font-size: 10pt; text-align: left; padding-bottom: 1pt">Common Stock (3)</TD><TD STYLE="width: 2%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">211,767,635</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">0.048</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">10,164,846</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">1,164.89</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(1)&nbsp;&nbsp;Pursuant to Rule 416 and
457 of the Securities Act of 1933, as amended, the shares of common stock offered hereby also include such presently indeterminate
number of shares of our common stock as shall be issued by the Registrant to the selling stockholders under provisions of the warrants
covered by this registration statement to prevent dilution resulting from stock splits, stock dividends, issuances of securities
at prices below the exercise price of such warrants or similar transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">(2)&nbsp;&nbsp;</FONT><FONT STYLE="color: black">Estimated
solely for purposes of calculating the registration fee in accordance with Rule 457(c) under the Securities Act of 1933, as amended
based upon the average of the bid and asked price of the Registrant&rsquo;s common stock as quoted on the Over-the-Counter Bulletin
Board of $0.048 on May 31, 2012</FONT><FONT STYLE="font-size: 10pt">. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(3) Represents <FONT STYLE="color: black">191,767,635
</FONT>shares of common stock issuable as &quot;Make Good&quot; shares to the investors of the private placement we completed in
2009 and 2010, as more fully explained herein and 20,000,000 shares issuable to 2 consultants as compensation for services they
provide to us pursuant to their respective consulting agreements with us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>The registrant hereby amends this registration
statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment
which specifically states that this registration statement shall thereafter become effective in accordance with section 8(a) of
the Securities Act of 1933, as amended, or until the registration statement shall become effective on such date as the Commission,
acting pursuant to said section 8(a), may determine.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>THE INFORMATION IN THIS PROSPECTUS IS NOT COMPLETE AND MAY
BE CHANGED. THE SELLING STOCKHOLDERS MAY NOT SELL THESE SECURITIES PUBLICLY UNTIL THE REGISTRATION STATEMENT FILED
WITH THE SECURITIES AND EXCHANGE COMMISSION IS EFFECTIVE. THIS PROSPECTUS IS NOT AN OFFER TO SELL THESE SECURITIES
AND IT IS NOT SOLICITING AN OFFER TO BUY THESE SECURITIES IN ANY STATE WHERE THE OFFER OR SALE IS NOT PERMITTED. YOU SHOULD RELY
ONLY ON THE INFORMATION CONTAINED IN THIS PROSPECTUS. WE HAVE NOT AUTHORIZED ANYONE TO PROVIDE YOU WITH INFORMATION THAT IS DIFFERENT.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SUBJECT TO COMPLETION, DATED&nbsp;[__]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PROSPECTUS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>THWAPR, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">211,767,635 Shares of common stock</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This prospectus relates
to the sale by the selling shareholders listed on page 24 of up to 211,767,635 shares
of our common stock that Thwapr, Inc. has issued as &ldquo;make good&rdquo; shares under certain private placement agreements entered
into with the selling shareholders in 2009 and 2010, and to two of our consultants who provide services to us pursuant to a consulting
agreement, all as more fully described below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The offerings were not being underwritten.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The selling stockholders
named herein may sell common stock from time to time in the principal market on which the stock is traded at the prevailing market
price, at prices related to such prevailing market price, in negotiated transactions or a combination of such methods of sale and
pursuant to any other method permitted by applicable law. We will not receive any proceeds from the sales by the selling stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;Our shares
of common stock are quoted on the Over the Counter Bulletin Board (&quot;OTCBB&quot;) under the symbol
&ldquo;THWI.&rdquo;&nbsp;On May 31, 2012, the last reported sale price of our common stock was $0.047 per share. As of May
31, 2012, we had the following amount of shares issued and outstanding:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">285,942,152 shares of common stock outstanding; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">46,961,636 shares of Series A Preferred Stock outstanding, which can convert into an aggregate
of 305,250,634 shares of common stock, subject to adjustment.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>THIS
INVESTMENT INVOLVES A HIGH DEGREE OF RISK.&nbsp;&nbsp;YOU SHOULD PURCHASE SHARES ONLY IF YOU CAN AFFORD A COMPLETE LOSS OF
YOUR INVESTMENT.&nbsp;&nbsp;</B></FONT><B><FONT STYLE="color: black">SEE THE INFORMATION UNDER THE HEADING &ldquo;RISK
FACTORS&rdquo; BEGINNING ON PAGE 15 OF OUR ANNUAL REPORT ON FORM 10-K/A FOR THE FISCAL YEAR ENDED DECEMBER 31, 2011, WHICH
INFORMATION IS INCORPORATED BY REFERENCE INTO THIS PROSPECTUS, FOR A DISCUSSION OF FACTORS YOU SHOULD CAREFULLY CONSIDER
BEFORE DECIDING TO INVEST IN SHARES OF OUR COMMON STOCK</FONT><FONT STYLE="font-size: 10pt">.</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>NEITHER THE SECURITIES AND EXCHANGE
COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED THESE SECURITIES, OR DETERMINED IF THIS PROSPECTUS IS
TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">The date of this prospectus is June 1, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TABLE OF CONTENTS </B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: rgb(204,255,204)">
    <TD STYLE="width: 96%; vertical-align: top; padding: 0; text-indent: 0">Prospectus Summary</TD>
    <TD STYLE="width: 4%; vertical-align: bottom; text-align: right; padding: 0; text-indent: 0">5</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,255,204)">
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">Risk Factors</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding: 0; text-indent: 0">11</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,255,204)">
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">Use of Proceeds</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding: 0; text-indent: 0">11</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,255,204)">
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">Selling Stockholders</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding: 0; text-indent: 0">23</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,255,204)">
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">Plan of Distribution</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding: 0; text-indent: 0">25</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,255,204)">
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">Description of Securities to be Registered</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding: 0; text-indent: 0">27</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,255,204)">
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">Incorporation of Certain Information by Reference</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding: 0; text-indent: 0">29</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,255,204)">
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">Disclosure of Commission Position on Indemnification for Securities Act Liabilities</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding: 0; text-indent: 0">30</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,255,204)">
    <TD STYLE="vertical-align: top; padding: 0; font-weight: bold; text-indent: 0">Part II</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding: 0; text-indent: 0">31</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: rgb(204,255,204)">
    <TD STYLE="width: 7%; vertical-align: top; padding: 0; text-indent: 0">Item 13.</TD>
    <TD STYLE="width: 88%; vertical-align: top; padding: 0; text-indent: 0">Other Expenses of Issuances and Distribution</TD>
    <TD STYLE="width: 5%; vertical-align: bottom; text-align: right; padding: 0; text-indent: 0">31</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,255,204)">
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">Item 14.</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">Indemnification of Directors and Officers</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding: 0; text-indent: 0">31</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,255,204)">
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">Item 15.</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">Recent Sales of Unregistered Securities</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding: 0; text-indent: 0">31</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,255,204)">
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">Item 16.</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">Exhibits and Financial Statement Schedule</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding: 0; text-indent: 0">33</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(204,255,204)">
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">Item 17.</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">Undertakings</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; padding: 0; text-indent: 0">34</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We have not authorized
any person to give you any supplemental information or to make any representations for us. You should not rely upon any information
about us that is not contained in this prospectus or in one of our public reports filed with the Securities and Exchange Commission
(&ldquo;SEC&rdquo;) and incorporated into this prospectus. Information contained in this prospectus or in our public reports may
become stale. You should not assume that the information contained in this prospectus, any prospectus supplement or the documents
incorporated by reference are accurate as of any date other than their respective dates, regardless of the time of delivery of
this prospectus or of any sale of the shares. Our business, financial condition, results of operations and prospects may have changed
since those dates. The selling stockholders are offering to sell, and seeking offers to buy, shares of our common stock only in
jurisdictions where offers and sales are permitted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SUMMARY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This summary highlights selected information
appearing elsewhere in this prospectus. While this summary highlights what we consider to be the most important information about
us, you should carefully read this prospectus and the registration statement of which this prospectus is a part in their entirety
before investing in our common stock, especially the risks of investing in our common stock, which we discuss later in &ldquo;Risk
Factors,&rdquo; and our financial statements and related notes beginning on page 11.
Unless the context requires otherwise, the words &ldquo;we,&rdquo; &ldquo;us,&rdquo; &ldquo;our,&rdquo; &ldquo;Thwapr&rdquo; and
the &ldquo;Company&rdquo; refer to Thwapr, Inc. Except as set forth in our financial statements, all share and per share date referred
to in this prospectus give retroactive effect to certain amendments to the terms of our Series A preferred stock effected on April
26, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Our Business</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company is an early stage technology
company formed for the primary purpose of developing systems, applications and software that allow users and brands to share pictures
and video to mobile phone users regardless of device, platform or carrier. The Company has developed a mobile video sharing platform
that solves the problem of sending quality video content to and from mobile devices and from Websites to mobile devices. &nbsp;Thwapr&rsquo;s
systems, applications and software allow users and brands to share pictures and video to mobile phone users regardless of device,
platform or carrier. Additionally, the Company expects to enable users to easily capture and share pictures and videos on their
phones with other mobile and desktop users and into social networks. The Company plans to derive revenues from banner and video
advertising on its mobile and desktop websites and from mobile media messaging fees from brand sponsors and content owners. The
Company also plans to sell premium services to users and brands via subscriptions and other fees. In December 2009, the Company
launched a public beta test of its service.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company launched its service in 2010
under the name Thwapr<SUP>TM</SUP>, a trademark owned by the Company. Thwapr has been in the developmental stage since inception,
and to date has not generated any meaningful revenues. The Company will not generate such revenues until a significant number of
users and brands have signed up for and are using the service. The effort to enter into agreements with brand names&rdquo; has
been recently launched, and the Company&rsquo;s ability to achieve its full revenue potential will depend in major part on have
adequate working capital and personnel to launch a robust sales and marketing effort. The Company has recently suffered from a
significant working capital shortage and, despite receiving certain funding from new management, will require a significant infusion
of capital to achieve its business goals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The technology underlying Thwapr&rsquo;s
product is complex, a significant amount of development expense has gone into creating its service infrastructure. To minimize
start-up costs, Thwapr only uses independent contractors for its activities and has no full-time employees and does not own any
real estate or personal property. For its research and development and other operations, Thwapr employs independent contractors
on a part-time and full-time basis. Thwapr expects to convert most of these independent contractors to employees over time as funding
becomes available. However, there can be no assurance that such funding will become available or if so, that it will be on terms
that are favorable to the Company and its stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 4.5pt">Thwapr&rsquo;s business
is subject to a severe working capital shortage and several other significant risks, any of which could materially adversely affect
its business, operating results, financial condition and the actual outcome of matters as to which it makes forward-looking statements.
&nbsp;(See Risk Factors.&rdquo;)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: black"><B>Recent
Developments</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Line of Credit and Change in Management</I></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On February 23, 2012, the Company entered
into a line of credit and restructuring purchase agreement (the Credit Agreement&rdquo;) with Ron Singh, the President and CEO
of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under the terms of the Credit Agreement,
Mr. Singh agreed that he or his affiliates would make available to the Company a maximum $200,000 line of credit (&quot;Line of
Credit&quot;) to be funded in installments over the next four months. The amount of the advances under the line of credit would
be used for working capital and to pay or reduce certain of the accounts payable and accrued expenses of the Company deemed to
be critical by an executive committee of the board of directors, consisting of Mr. Singh and Barry Hall, the Chief Financial Officer.
All advances under the Credit Agreement were evidenced by a 6% convertible secured note of the Company payable upon demand, and
all advances were secured by a first lien and security interest on all of the Company&rsquo;s assets. In addition, the holder of
the secured note may at any time elect to convert the note into shares of the Company&rsquo;s $0.0003 par value common stock at
an initial conversion price of $0.015 per share, subject to certain anti-dilution and other adjustments as set forth in the note.
As at the date of this Report, an aggregate of $125,000.00 has been advanced to the Company under the Line of Credit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under the terms of the Credit Agreement,
a consulting agreement between the Company and Universal Management, an affiliate of Bruce Goldstein, the former President and
CEO of the Company, was terminated. Mr. Singh became the President and CEO of the Company, replacing Mr. Goldstein. Mr. Goldstein
has also resigned as a member of the board of directors. Concurrently, Robert Rosenblatt resigned from the Board of Directors for
personal reasons.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Mr. Singh has been appointed to the Company&rsquo;s
board of directors as its Chairman. Two additional directors have also been appointed to the board of directors: Mr. Guriqbal Randhawa
and Mr. Gurmit Brar. As a result, the Company&rsquo;s board of directors now consists of five members.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Our Restructuring Plan</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On March 23, 2012, the Company announced
a restructuring plan as part of the Company&rsquo;s efforts to achieve liquidity, avoid defaults under indebtedness that was due
and payable, and satisfy approximately $740,000 of additional debt, accounts payable and accrued expense obligations owed to certain
consultants, employees and vendors (the &ldquo;Payables&rdquo;), in addition to seeking to raise additional working capital, the
Company&rsquo;s management has commenced to implement a debt restructuring plan (the &quot;Restructuring Plan&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As an initial step, Messrs. Kevir Kang,
an individual who previously loaned the Company an aggregate of $1,282,320, Ron Singh, the President and CEO of the Company, and
Barry Hall, Chief Financial Officer of the Company, who previously advanced approximately $117,463 to the Company, each agreed
to restructure the repayment of an aggregate of $1,664,847 (inclusive of accrued interest at 6% per annum) of cash loans and advances
made to the Company. Under the terms of the Restructuring Plan, each of these creditors were issued 6% convertible secured promissory
notes payable as to principal and accrued interest on June 30, 2013 (the &quot;New Notes&rdquo;), in lieu of existing indebtedness,
including the $200,000 Line of Credit which was previously payable on demand. The New Notes are secured as to repayment by a first
priority lien on all of the Company&rsquo;s assets and are convertible at any time by the holder(s) into shares of the Company&rsquo;s
common stock, $0.0003 par value per share (the common stock&rdquo;) at an initial conversion price of $0.015 per share, subject
to certain anti-dilution and other adjustments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition to the issuance of the New
Notes, the Company&rsquo;s management is seeking to negotiate separate settlement and deferred payment arrangements with certain
of its creditors holding Company Payables. In some cases, the Company intends to offer such creditors payment of 80% of their payables
in the form of 6% Company notes payable on March 31, 2013, but subject to mandatory prepayment out of the net proceeds, if any,
received by the Company in connection with any one or more future financings, to the extent of such net proceeds that are in excess
of $1.5 million. The balance of such payment would be in the form of restricted shares of Company common stock which the Company
proposes to issue at $0.015 per share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Shares to be Registered </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Make Good Shares </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: black">In connection
with private placements of our common stock consummated in 2009 and 2010, we received a total of $2,963,500 from the issuance and
sale to 15 investors (none of whom is or was a direct or indirect officer, director or affiliate of the Company) of an aggregate
of 5,686,532 shares of common stock at prices ranging from $0.417 to $0.833 per share. </FONT>Under the terms of the securities
purchase agreement, in the event that we were to subsequently issue or sell other shares of our common stock (or securities convertible
into or exercisable for common stock) at prices below the prices paid by such investors, we are obligated to issue to the investors,
for no additional consideration, additional &ldquo;make good&rdquo; shares to retroactively adjust the per share purchase price
paid by them to the lowest price of common stock or common stock equivalents subsequently issued.<FONT STYLE="color: black"> During
April 2012, we agreed to issue to such investors a total of 191,767,635 &quot;make good&rdquo; shares at a value of $0.015 per
share, and are seeking to register such shares under the registration statement of which this prospectus is a part. However, none
of the investors are permitted to receive or accept such additional &quot;make good&rdquo; shares if it would cause such investor
to beneficially own (within the meaning of Rule 13d-3 of the Securities Act of 1933, as amended) more than 9.99% of the Company&rsquo;s
outstanding common stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Consulting Shares</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In May 2012, we issued an aggregate of
20,000,000 shares of our common stock to consultants for various consulting and business development advisory services they shall
provide to us. We agreed to register such shares pursuant to the related consulting agreement we entered into with each of these
consultants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Each of these agreements are for an initial
term of 6 months and can be terminated by either party upon one week written notice. Pursuant to the consulting agreements, neither
consultant may solicit the Company's employees or induce any of the Company's suppliers or customers to cease doing business with
the Company for a period of one year after the term of the agreement; the consulting agreements also contain standard indemnification
provisions. The Company also agreed to reimburse each of the consultants for all reasonable business expenses incurred in connection
with the services they provide under the consulting agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Changes in our Capital Structure.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In order to provide additional
authorized common stock following the issuance of the make good shares and the consulting shares, the holders of a majority
of our 106.1 million outstanding voting shares (including the holder of 34.2 million of the 46.9 million outstanding shares
of our Series A voting convertible preferred stock) approved, via written consent, an amendment to our articles of
incorporation to (i) increase the number of authorized shares of common stock from 300.0 million to 500.0 million shares, and
(ii) authorize our board of directors to designate the voting power of our outstanding Series A preferred stock regardless of
the equivalent voting ratio to common stock. In such connection and as disclosed in a previous filing with the Securities and
Exchange Commission (&ldquo;SEC&rdquo;) (although the timing has been pushed back slightly), we shall file a Form 14C
information statement with the Securities and Exchange Commission and expect to mail such document to our shareholders in
June 2012 and, absent any extensive comment period with the SEC regarding such statement, file the amendment to our articles
of incorporation with the Secretary of State of the State of Nevada later that month or in early July.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On April 26, 2012, our board of directors,
with the consent of the holder of approximately 72% of our outstanding shares of Series A convertible preferred stock, amended
the certificate of designations of such preferred stock. As a result of such amendment,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">until July 18, 2015, none of the shares of Series A Preferred Stock or shares of common stock into
which the Series A Preferred Stock may be converted, can be sold or otherwise transferred by the holder or any of such holder&rsquo;s
affiliates (other than to such affiliates or immediate family members or trusts established for the benefit of such family members);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">each share of Series A Preferred Stock shall vote, together with our outstanding common stock,
at any meeting of shareholders or on any other matter requiring shareholder consent, on the basis of one vote per share of Series
A Preferred Stock; provided, that <FONT STYLE="color: black">upon the filing of an amendment to the Articles of Incorporation of
the Corporation permitting the board of directors to fix the number of votes to each outstanding share of Series A Preferred Stock
shall be entitled to cast, each share of Series A Preferred Stock shall have a number of votes equal to the number of shares of
Common Stock then issuable upon conversion of each share of Series A preferred stock; and, </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">a majority of the outstanding shares of Series A preferred stock will be able to amend the Designation.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The amended and restated designation became
effective as of April 26, 2012, the same day it was filed with Nevada's Secretary of State. As stated above however, the existing
voting rights shall not be changed until the Company receives approval to amend its Articles of Incorporation and files same with
Nevada's Secretary of State.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Risk Factors</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The securities offered by this
prospectus are speculative and involve a high degree of risks associated with our business.&nbsp;&nbsp;For more discussion of
these and other risk factors affecting us and our business, see the &ldquo;Risk Factors&rdquo; section beginning on page 11
of this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>THE OFFERING</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 49%; padding: 0; text-indent: 0">Issuer</TD>
    <TD STYLE="width: 2%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 49%; padding: 0; text-indent: 0">Thwapr, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">common stock being offered by Selling Stockholders</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">Up to 211,767,635 shares of common stock</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">Selling Stockholders</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">Investors of our 2009 and 2010 private placements and two consultants</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">OTCBB Symbol</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">THWI</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">Risk Factors</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">The securities offered by this prospectus are speculative and involve a high degree of risk and should only be purchased by investors prepared to sustain a loss of their entire investment. See &ldquo;Risk Factors&rdquo; beginning on page 11</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 24pt 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 24pt 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SUMMARY FINANCIAL DATA</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following summary financial data as
of December 31, 2011 and 2010 and for the quarter ended March 31, 2012 were derived from our financial statements. This information
is only a summary and does not provide all of the information contained in our financial statements and related notes. Please read
the &ldquo;Management&rsquo;s Discussion and Analysis of Financial Condition and Results of Operations&rdquo; beginning on page 26 of our Form 10-K/A for the fiscal year ended December 31, 2011 and page 22 of our Form 10-Q for the quarter ended March
31, 2012,&nbsp;&nbsp;as well as our financial statements and related notes included therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Statement of Operations Data</B>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">For&nbsp;the&nbsp;year&nbsp;ended <BR> December&nbsp;31,</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2011</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2010</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="width: 72%; font-size: 10pt; text-align: left">Net Revenues</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">33,338</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">4,492</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Gross loss</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(164,500</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(11,779</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="font-size: 10pt; text-align: left">Net Loss</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(6,201,795</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(12,681,777</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">For&nbsp;the&nbsp;quarter&nbsp;ended <BR> March&nbsp;31,</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2012</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2011</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="width: 72%; font-size: 10pt; text-align: left">Net Revenues</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">16,975</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">508</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Gross loss</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(23,073</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(47,469</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="font-size: 10pt; text-align: left">Net Loss</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(695,277</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(2,409,394</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Balance Sheet Data</B>:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD NOWRAP STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-size: 10pt; font-weight: bold; text-align: center">As&nbsp;of <BR> December&nbsp;31, <BR> 2011</TD><TD NOWRAP STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">Balance Sheet Data:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="width: 86%; font-size: 10pt; text-align: left">Current assets</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">43,084</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Total assets</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">55,493</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="font-size: 10pt; text-align: left">Total current liabilities, net of debt discounts</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">2,264,905</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Total liabilities, net of debt discounts</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">2,276,814</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="font-size: 10pt; text-align: left">Total stockholders&rsquo; deficit</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(2,221,321</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD NOWRAP STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-size: 10pt; font-weight: bold; text-align: center">As&nbsp;of <BR> March 31, <BR>
2012</TD><TD NOWRAP STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">Balance Sheet Data:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="width: 86%; font-size: 10pt; text-align: left">Current assets</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">61,662</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Total assets</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">70,744</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="font-size: 10pt; text-align: left">Total current liabilities, net of debt discounts</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">830,491</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Total liabilities, net of debt discounts</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">2,369,706</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="font-size: 10pt; text-align: left">Total stockholders&rsquo; deficit</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(2,298,962</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NOTES REGARDING FORWARD-LOOKING STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The statements contained in this prospectus
that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933,
as amended, and Section 21E of the Exchange Act. These include statements about the Company&rsquo;s expectations, beliefs, intentions
or strategies for the future, which are indicated by words or phrases such as &ldquo;anticipate,&rdquo; &ldquo;expect,&rdquo; &ldquo;intend,&rdquo;
&ldquo;plan,&rdquo; &ldquo;will,&rdquo; &ldquo;the Company believes,&rdquo; &ldquo;management believes&rdquo; and similar words
or phrases. The forward-looking statements are based on the Company&rsquo;s current expectations and are subject to certain risks,
uncertainties and assumptions. The Company&rsquo;s actual results could differ materially from results anticipated in these forward-looking
statements. All forward-looking statements included in this document are based on information available to the Company on the date
hereof, and the Company assumes no obligation to update any such forward-looking statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RISK FACTORS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Your investment in our securities involves
a high degree of risk.&nbsp;&nbsp;You should carefully read and consider the risks set forth under the caption &ldquo;Risk Factors&rdquo;
in our Annual Report on Form 10-K/A for the fiscal year ended December 31, 2011, and any updates in our subsequent Quarterly Reports
on Form 10-Q, which are incorporated by reference in this prospectus, together with all of the other information appearing in this
prospectus or incorporated by reference in this prospectus, in light of your particular investment objectives and financial circumstances.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The risks and uncertainties we describe
are not the only ones we face.&nbsp;&nbsp;If any of the events described actually occur, or if additional risks and uncertainties
not presently known to us or that we currently deem immaterial, materialize, then our business, financial condition, cash flows,
and operating results could be materially adversely affected.&nbsp;&nbsp;As a result, the trading price of our common stock and
the value of the securities offered could decline, and you could lose a part or all of your investment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>USE OF PROCEEDS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We will not receive any net proceeds from
sales of shares of our common stock being registered for resale by the Selling Stockholders named in this prospectus.&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>MARKET FOR OUR COMMON STOCK, DIVIDENDS
AND</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RELATED STOCKHOLDER INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Since April 21, 2010 our common stock is
currently quoted on the OTCBB under the symbol &quot;THWI&quot;. The following table sets forth the range of high and low bid prices
for our common stock during the periods indicated. The prices set forth below represent inter-dealer prices, which do not include
retail mark-ups and markdowns, or any commission to the broker-dealer, and may not necessarily represent actual transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">Quarter
    Ended:</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">common
    stock</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">High</FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Low</B></FONT></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="font-size: 10pt">March 31, 2010</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">N/A</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">N/A</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 72%; font-size: 10pt">June 30, 2010</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">0.49</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">0.29</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="font-size: 10pt">September 30, 2010</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">0.56</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">0.49</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">December 31, 2010</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">0.61</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">0.57</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="font-size: 10pt">March 31, 2011</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">1.31</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">0.22</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">June 30, 2011</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">0.60</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">0.16</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="font-size: 10pt">September 30, 2011</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">0.32</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">0.06</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">December 31, 2011</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">0.20</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">0.03</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="font-size: 10pt">March 31, 2012</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">0.06</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">0.01</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Record Holders</I><FONT STYLE="color: black">.
As of May 31, 2012, there were approximately 33 record holders of our common stock, which does not include common stock held in
&quot;nominee&quot; or &quot;street&quot; name.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Dividend Policy.
</I><FONT STYLE="color: black">We have never declared or paid a cash dividend on our common stock and do not anticipate declaring
or paying cash dividends to shareholders in the foreseeable future.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Securities Authorized for Issuance Under
Equity Compensation Plans.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following provides information concerning
compensation plans under which equity securities of the Company were authorized for issuance as of December&nbsp;31, 2011:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 29.7pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-size: 10pt; text-align: center; border-bottom: Black 1pt solid">Plan&nbsp;Category</TD><TD NOWRAP STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-size: 10pt; text-align: center; border-bottom: Black 1pt solid">Number&nbsp;of&nbsp;Securities&nbsp;to&nbsp;be <BR> Issued&nbsp;Upon&nbsp;Exercise&nbsp;of <BR> Outstanding&nbsp;Options, <BR> Warrants&nbsp;and&nbsp;Rights</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-size: 10pt">&nbsp;</TD><TD NOWRAP STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-size: 10pt; text-align: center; border-bottom: Black 1pt solid">Weighted-Average <BR> Exercise&nbsp;Price&nbsp;of <BR> Outstanding&nbsp;Options, <BR> Warrants&nbsp;and&nbsp;Rights</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-size: 10pt">&nbsp;</TD><TD NOWRAP STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-size: 10pt; text-align: center; border-bottom: Black 1pt solid">Number&nbsp;of&nbsp;Securities&nbsp;Remaining <BR> Available&nbsp;for&nbsp;Future&nbsp;Issuance <BR> Under&nbsp;Equity&nbsp;Compensation&nbsp;Plans <BR> (Excluding&nbsp;Securities&nbsp;Reflected&nbsp;in <BR> Column&nbsp;(a))</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: center">(a)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: center">(b)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: center">(c )</TD><TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="font-size: 10pt; text-align: left">Equity Compensation plans approved by security holders</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="width: 58%; font-size: 10pt; text-align: left; padding-bottom: 1pt">Equity Compensation plans not approved by security holders</TD><TD STYLE="width: 2%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">36,000,000</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">0.13</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">36,000,000</TD><TD STYLE="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="font-size: 10pt; padding-bottom: 1pt">Total</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">36,000,000</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">0.13</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">36,000,000</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In October 2011 the Board of Directors
adopted the Thwapr, Inc. Equity Incentive Plan (the Plan&rdquo;) under which up to 72,000,000 million of common stock have been
reserved for issuance. As of December 31, 2011, 36,000,000 options (none of which have vested and 36,000,000 of which have not
yet vested) to purchase stock at $0.13 per share were outstanding and zero options were exercisable. Subsequent to December 31,
2011, 30,375,055 of these options were forfeited or cancelled.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>BUSINESS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>General</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We are an early stage technology company
formed for the primary purpose of developing systems, applications and software that allow users and brands to share pictures and
video to mobile phone users regardless of device, platform or carrier. The Company has developed a mobile video sharing platform
that solves the problem of sending quality video content to and from mobile devices and from Websites to mobile devices. &nbsp;Thwapr&rsquo;s
systems, applications and software allow users and brands to share pictures and video to mobile phone users regardless of device,
platform or carrier. Additionally, we expect to enable users to easily capture and share pictures and videos on their phones with
other mobile and desktop users and into social networks. We plan to derive revenues from banner and video advertising on its mobile
and desktop websites and from mobile media messaging fees from brand sponsors and content owners. The Company also plans to sell
premium services to users and brands via subscriptions and other fees. In December 2009, we launched a public beta test of the
service.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Thwapr has been in the developmental stage
since inception, and to date has not generated any meaningful revenues. We do not expect to generate such revenues until a significant
number of users and brands have signed up for and are using the service. The effort to enter into agreements with brand names&rdquo;
has been recently launched, and our ability to achieve our full revenue potential will depend in major part on have adequate working
capital and personnel to launch a robust sales and marketing effort. We are currently suffering from a significant working capital
shortage and, despite receiving certain funding from new management, will require a significant infusion of additional capital to
achieve our business goals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The technology underlying Thwapr&rsquo;s
product is complex, a significant amount of development expense has gone into creating its service infrastructure. To minimize
start-up costs, Thwapr only uses independent contractors for its activities and has no full-time employees and does not own any
real estate or personal property. For its research and development and other operations, Thwapr employs independent contractors
on a part-time and full-time basis. Thwapr expects to convert most of these independent contractors to employees over time as funding
becomes available. However, there can be no assurance that such funding will become available or if so, that it will be on terms
that are favorable to the Company and its stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Market Overview</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">While video and picture sharing on the
Internet have been around for some time now, the task can be cumbersome and frustrating on most mobile devices. Multiple carriers
and phone types with limited or no interoperability make this potentially powerful communications frustrating and difficult to
use. Compounding this problem is the continuing trend for mobile phone equipment manufacturers to offer new phones with additional
capabilities while the mobile phone carriers are enhancing their 3G (and soon 4G) networks to allow users to take advantage of
these capabilities. Additionally, users wishing to share videos from a camera phone are at times required to synchronize their
phones with a computer, making the process impossible while strictly mobile. As a result, the Company believes that the promise
of real-time video sharing is rarely realized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>MMS.</I> One possible
solution is the use of MMS (Multimedia Messaging Service) to send pictures and videos. MMS is a standard developed by the Open
Mobile Alliance, an industry consortium. MMS can be an effective way to send pictures from one person to another, but as the mobile
experience moves from photo to videos, and more importantly from point to point communication to social networks, MMS may begin
to encounter substantial scalability issues. MMS approaches sending of rich media with a lowest common denominator to provide a
video experience that will be common across handsets rather than providing the best possible experience a handset can provide.
More specifically, MMS does not work consistently for video and relies on the H.263 legacy video compression method (which is no
longer state of the art) which typically generates quarter screen resolution and which Thwapr believes is limited to just 176 x
144 pixels. Also, Thwapr&rsquo;s internal testing between different types of handsets and carriers, showed that MMS delivery failures
were frequent, in some cases approaching an 80% failure rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We also believe that MMS has other limitations,
including the fact that</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">MMS videos are generally limited in duration by file size;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">an MMS file is not stored in The Cloud&rdquo; and therefore is generally not accessed easily from
a personal computer;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">MMS video generally does not include location information, also called a geotag,&rdquo; which we
believe can significantly enhance the social networking experience;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">although possible, the process to post an MMS picture or video to social networking devices is
complicated for most users; and, the MMS standards cannot be changed easily, which means that even as new technologies are developed
for MMS, there are likely to be delays in enhancement, implementation and evolution of the technology.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Video on Mobile
Phones.</I> Most major manufacturers of mobile phones either already have, or plan to, deliver handsets with video capabilities
into the market, often with multiple tiers of devices with unique profiles. Dozens of companies have developed and continue to
maintain databases that capture the differences between handsets, at significant expense. Some of the hardware-related mobile video
considerations include:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">High resolution color screens that can render a quality video experience in portrait or landscape
mode. Quality is determined by brightness, the ability to generate a high number of colors, and screen visibility indoors and outdoors.
Screen size also impacts the overall user experience;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Video tends to have little value without being accompanied by acceptable audio. A number of standard
and proprietary audio codes have been developed to achieve maximum quality with minimum network impact at the lowest cost</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Handset based clients are required for streamed and downloaded video content. The variety of media
players -- and associated DRM schemes -- means phones can often only play formats that are supported by that player</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Smartphones.</I> Smartphones have
emerged as a fast growing sector of the market, blending multi-media, data and internet access and mobile communications. Additionally,
Thwapr believes that the smartphone market, most of which by definition is media enabled, will be a growth market that will allow
carriers to add a variety of revenue streams attached to data and multi-media messaging. Thwapr also believes that as smartphones
continue to penetrate the market, demand for video sharing services will grow dramatically. Mobile phone equipment manufacturers
continue to offer new phones with additional capabilities, while the mobile phone carriers will need to enhance their 3G and soon
4G networks to allow users to take advantage of these capabilities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Video and Picture
Sharing Approaches.</I> The current market is highly fragmented, with many companies and organizations offering service for the
mobile phone video and picture market. Generally, these services fall under five categories:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">MMS, which was described earlier;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Mobile-to-Web, where mobile phone users post their pictures or videos on a Website to share with
others. This category has a number of participants, and there is little product differentiation between and among them;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Web-to-Mobile, when pictures or videos are posted on Websites and then shared to phones using an
open or proprietary application. This category may require a relationship with a carrier and also has a number of participants;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Proprietary Mobile-to-Mobile, where the user utilizes a proprietary application to send pictures
or video from one phone to another. A carrier relationship may be required for this service;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Open Mobile-to-Mobile, where no proprietary application is required, nor is a carrier relationship</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">While the entire market
is nascent, Thwapr believes that leaders will emerge based on their brand recognition, number or users in their network, ease of
use and financial resources. Additionally, many of these services are free while others charge a use or monthly fee. Others appear
to be focused on an advertising based model. At this time, the size of the market is indeterminable but is generally thought to
be growing and viable. Thwapr believes that the size and ultimate viability of the market will be based on the ease of use, cost
to use, adoption rate of smartphones and the acceptance of brands that mobile is a viable advertising medium.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Competition.</I>
The industry for services and applications related to mobile phones is extremely competitive and fragmented but includes several
large companies with worldwide name brand recognition and substantial financial resources. &nbsp; In attempting to attract users
to its proposed service, Thwapr will be competing with online providers of audio and video entertainment, web-based video channels,
social networking Internet sites and other similar businesses that compete for the general public&rsquo;s business in this market.
There can be no assurance that other companies will not develop technologies superior to Thwapr&rsquo;s technology, that new technologies
will not emerge that render Thwapr&rsquo;s technology obsolete or that a competing company or companies will not be able to capture
more market share than Thwapr due to name recognition and the expenditure of greater amounts for marketing and advertising. Moreover,
such brands as YouTube and Facebook have already begun a move to the mobile market.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Other competitors
include the following, segregated by their video and picture sharing approaches:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1%; text-align: justify; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 3%; text-align: justify; padding: 0; text-indent: 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="width: 96%; text-align: justify; padding: 0; text-indent: 0"><U>Mobile-to-Web and Web-to-Mobile</U>: Flixwagon, Kyte, Zannel, TwitVid, Shozu, Livestream, Vidly, Viddy, Vlix, and TwitPic.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1%; text-align: justify; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 3%; text-align: justify; padding: 0; text-indent: 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="width: 96%; text-align: justify; padding: 0; text-indent: 0"><U>Mobile-to-Mobile</U>: Qik, SocialCam</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1%; text-align: justify; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 3%; text-align: justify; padding: 0; text-indent: 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="width: 96%; text-align: justify; padding: 0; text-indent: 0"><U>Proprietary Mobile-to-Mobile</U>: Movius, LiveCast, Aylus Networks, and Knocking Live.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1%; text-align: justify; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 3%; text-align: justify; padding: 0; text-indent: 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="width: 96%; text-align: justify; padding: 0; text-indent: 0"><U>Mobile Distribution for B2B</U>: Mogreet, VuClip, Kit Digital, NetBiscuits, Nelly Moser, and Ooyala Mobile.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Strategy</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Thwapr is developing
mobile media services directly for the mobile phone industry. In addition, Thwapr plans for these services to allow its customers
to interact with a variety of other services available through the Internet, such as Facebook and Twitter. Today, Thwapr&rsquo;s
web browser application supports more than 300 mobile handsets with coverage planned to expand to thousands of handsets; the service
also runs on Macs and PCs. An extended set of native mobile phone applications are planned to optimize the capture and sharing
experience for Apple iPhone, iPad, Android, and Research in Motion OS, among others. Even though applications are expected to be
available, there is no need to download or install any additional software to receive Thwapr media.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Thwapr continues to
develop what it believes to be a seamless solution to the problem of video and picture sharing using mobile phones and devices.
Thwapr&rsquo;s service is expected to allow anyone with an Internet and picture or video enabled mobile phones to be able to both
send and receive these images regardless of technical sophistication. In the future, the service capabilities may also allow Thwapr&rsquo;s
customers to create their own personal media social networks, where members can share and communicate through rich media mostly
through their mobile phones. Thwapr&rsquo;s goal is to become the leading service for sharing pictures and video to mobile phones
- regardless of carrier or device - for brands and users alike.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In summary, Thwapr
plans for its service to provide the following innovations to its users:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Mobile technology for sending photos and videos directly to friends&rsquo; mobile phones optimized
for socialization and communication amongst users;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Support the largest possible number of mobile carriers worldwide through Thwapr&rsquo;s adaptive
transcoding and delivery service, expecting to offer the ultimate in interoperability;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Support most WAP enabled camera phones, video phones, smartphones and full-featured browsers for
wide compatibility in video playback;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Require no applications to download for playback (<I>i.e.</I>, not limited to just smartphones
or phones running a certain operating system) or on-deck solutions requiring a user to have a certain phone or operating system;
and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Target to deliver industry leading ease of use so that if you can send an SMS, you can create your
own Thwapr channel.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 63.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Thwapr is expected
to make it easy to share pictures or video on mobile devices and to distribute this content into social networks. End-users can
share multimedia content with mobile family and friends, and brands can distribute content to mobile fans and consumers. Thwapr&rsquo;s
goal is to enable easy mobile picture and video sharing and conversations around content on a global basis supporting both consumers
and brands.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Thwapr believes that
mobile phones with text messaging and a data plan can automatically show a Thwapr picture or play a Thwapr video clip. Thwapr can
serve instant-play video to a phone dynamically using its cloud-based servers. A Thwapr user can shoot or select a picture or video
and email it to their Thwapr account. From Thwapr&rsquo;s mobile browser interface, a user can select one or more people with whom
to share the picture or video. Thwapr then sends the recipients a text message with a URL link in it, which enables the viewing
of the picture or the video. Thwapr users may also upload media content from a desktop computer such as a Mac or PC and share the
content to mobile users; likewise they can upload content from a native application platform (<I> i.e.</I> , Apple iPhone OS) and
share to those same users.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: black">Recipients
of the video or picture do not need to sign-up, login, or even know that their phone has a media player to receive media content.
Thwapr determines mobile phone attributes that a user has based on a set of unique device detection processes. Thwapr deploys a
distributed database regarding how to serve pictures or video to each kind of phone.</FONT><FONT STYLE="color: #262626"> Thwapr
delivers different types of video experiences based on phone type and can deliver such photos to all phones regardless of phone
type. For example, on an Apple iPhone, progressive download video is served; for a Blackberry Curve, streaming video is deployed;
on a Motorola RAZR, a 3GP download file is utilized, and on a legacy flip phone, an animated GIF preview may be shown. Users who
receive content can also post their Thwapr media into major social networks such as Facebook or Twitter.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Smartphone Apps.</I>
One popular feature of Smartphones is the use of Apps.&rdquo; Apps, short for application software, are designed to help a user
perform specific tasks. Generally, Apps are downloaded by users from an app store directly on to their mobile phone. While the
Thwapr service does not require an App, Thwapr understands the desirability of having one. To that end, Thwapr has partnered with
a mobile app software developer to develop an App for the Apple iPhone. This App allows iPhone users to more easily and quickly
capture pictures and video and share this media with contacts in the iPhone address book via the Thwapr service. The App provides
additional features such a geotagging. In the future, Thwapr plans to have additional Apps developed for Smartphones using the
Android, RIM and Symbian mobile phone operating systems. This will be subject to the availability of funding and the relative take
up rates of the service on those platforms. As other Smartphones lead the market, Thwapr intends to create an App for same, assuming
funding is available.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Disadvantages of
Thwapr.</I> While Thwapr believes its approach to mobile video and picture sharing has many advantages over alternative approaches,
it does also have some disadvantages. First, to use the Thwapr service, the user must purchase a data plan from their service provider.
Second, Thwapr customers may be notified of their Thwapr service via text messaging. Should the user not have an unlimited data
plan, this could result additional usage charges. Finally, the current Thwapr service is a multi-step process and until we develop
applications for the service, some users may believe the process is too time consuming and complicated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Revenues and Customers</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>General.</I> Thwapr
is expected to generate revenues from two primary sources: providing services to brands and content providers in which Thwapr is
paid to distribute branded videos and branded user experience to mobile phones and through advertising and sponsor supported distribution
of videos. Thwapr believes that it has the potential to achieve significant market penetration and growth since every user of the
product, by virtue of inviting or sharing with their friends to be part of their personal media network, could generate many additional
users for the Thwapr service. Thwapr believes that the branded business nature of its business model is essential to understanding
the potentially explosive growth of its services user base. While this potential exists, Thwapr has not yet experienced the material
growth of these branded relationships that evidences this potential without an experienced sales and marketing team. As a result,
the assumption for viral user acquisition remains untested at this time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Advertising.</I>
Thwapr&rsquo;s customers are expected to drive the opportunity for advertising insertions. Thwapr is designing its service interface
and workflow to maximize the use of ad insertions without becoming obtrusive. In the future, Thwapr may offer premium services
for which it will be able to charge the user directly. Finally, Thwapr expects to partner with brands that will sponsor the delivery
of pictures and videos and to charge a fee for delivering each unit of media. Thwapr&rsquo;s business model is expected to be principally
driven by the revenues of businesses and brands paying Thwapr for the distribution of video content to devices. Revenues from ads
can help the large volume of page-views generated by its users; Thwapr&rsquo;s unique ability to provide ad-insertions pre- and
post-roll, automatically transcoded to play on each target mobile device will further enhance revenue. Additionally, Thwapr has
identified sponsorship-advertising opportunities leveraging its ability to contextualize advertising around user profiles and geo-location
information. This combination of video insertion and contextualized targeted advertising should make Thwapr compelling to advertisers
targeting the mobile space. Thwapr also plans to offer premium services and ad-free services for monthly subscription levels. Thwapr
is currently surveying the market to determine what can be charged for such services; however, its immediate focus is on ad-insertions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Thwapr is attempting
to monetize its users by building revenue opportunities into its products; to wit, by sharing a video with a nonuser. In this way,
the use can invite the nonuser to use Thwapr services. This viral model can potentially dramatically drive up the number of users,
and in turn, the page-views activated by these users. The potential for this revenue stream exists, but Thwapr has not yet reached
a stage where that potential has been validated. As a result, delivering on this potential contains significant risks, as discussed
in the Risk Factors&rdquo; section of this document.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Sales and Distribution.</I>
Thwapr intends to acquire new users of its service through strategic partnerships, targeted paid user acquisition campaigns and
the viral growth derived from social media.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Thwapr intends to
generate revenue from three sources: (a) recurring revenue from brands and content owners; (b) premium services; and (c) advertising.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We believe that there are five planned
distribution channels for Thwapr&rsquo;s services:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1%; text-align: justify; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 3%; text-align: justify; padding: 0; text-indent: 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="width: 96%; text-align: justify; padding: 0; text-indent: 0">Thwapr&rsquo;s mobile and desktop website;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1%; text-align: justify; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 3%; text-align: justify; padding: 0; text-indent: 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="width: 96%; text-align: justify; padding: 0; text-indent: 0">Partner and sponsor websites that will offer a Share To Phone&rdquo; button, which accesses Thwapr&rsquo;s service and enables sending of partner content to partners users;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1%; text-align: justify; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 3%; text-align: justify; padding: 0; text-indent: 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="width: 96%; text-align: justify; padding: 0; text-indent: 0">Applications stores;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1%; text-align: justify; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 3%; text-align: justify; padding: 0; text-indent: 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="width: 96%; text-align: justify; padding: 0; text-indent: 0">Handset and carrier partnerships and bundling deals; and</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1%; text-align: justify; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 3%; text-align: justify; padding: 0; text-indent: 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="width: 96%; text-align: justify; padding: 0; text-indent: 0">Third party applications which access Thwapr&rsquo;s Application Programmers Interface (API).</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Pending Business
Relationship.</I> Thwapr currently distributes content for a variety of prospective customers in a test or trial mode in a variety
of vertical markets. This is a prototype service with no guarantee of future contracts or revenues. Thwapr is in various stages
of discussion and negotiations with a variety of entertainment and sports brands to provide mobile video distribution service to
these brands; the objective is to convert trial activity into permanent, revenue generating activity in 2012. At the date of this
Report, no definitive agreements have been signed and there can be no guarantee that any such definitive agreements with any of
these brands will be signed. Furthermore, Thwapr is exploring selling its products in foreign markets though joint venture, but
to date, no such agreements have been entered into.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Third Party Developers.</I>
Thwapr also intends these services for third party developers: (a) a &rdquo;Share To Phone&rdquo; button which allows any website
to add Thwapr&rsquo;s services and (b) an Application Programmers Interface (API), which will allow third party smartphone application
developers to utilize our services from multiple platforms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Technology</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Thwapr is designed
to solve the problem of sharing multimedia content, particularly digital video from one mobile device user to one or many other
mobile devices. To successfully support interoperable multimedia sharing, Thwapr&rsquo;s platform must deal with a multitude of
file formats, bit rates, screen resolutions, interaction modes, and audio and video codes, all of which create complexity within
the framework of mobile video experience.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Transcoding.</I>
Transcoding is the decoding and re-encoding of digital content from one video format to another. Transcoding is often necessary
to enable playback of media on different devices. Transcoding video is especially challenging because the sheer number of parameters
can make devices that support the same video standards&rdquo; incompatible. When you add the complexities layered on top of the
devices from the carriers either for delivery, playback, interaction, and interoperability, the result is a very difficult technological
challenge. To better understand this complexity, and technical challenges, consider the process to track video content from creation
through the various paths that lead to consumption. Along the way, the content may need to be transcoded many times so that it
may be distributed over various networks and to a wide assortment of devices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Interoperability
Issues.</I> Significant interoperability issues begin with the variables associated with simple home video, involving NTSC or PAL,
standard or widescreen video and competing next-generation high-definition formats. These issues increase dramatically when Internet
video is added with codecs such as Windows Media Video (WMV) and VC-1, H.264, DivX, On2&rsquo;s VP6, Sorenson 3 and Sorenson. Adding
to this complexity is the ongoing evolution of Flash video. Additional challenges result from content providers and device manufacturers
that optimize bit rates, resolutions and other parameters to balance video quality and download times. Finally, on the mobile side,
the thousands of different handset configurations in use today force specific unique video formats. In simplest terms, a single
piece of multimedia content might need to be transcoded to 100 variations (<I> i.e</I> ., video bit rate, video frame rate, video
picture resolution, compression algorithm, audio sampling rate, audio bit depth, streaming, progressive download, and download,
among others) to guarantee playback across various mobile devices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">No service can mandate
that all content must be produced in a specific standard if they are dealing with User Generated Content (UGC) or mobile media
sharing. For UGC, there is a need to deal with the uncertainties associated with numerous end-user devices and multiple networks
with differing technical infrastructures and speeds. The approach used by most content aggregators to deal with this issue is pre-transcoding&rdquo;.
That is, the content aggregator ingests content and transcodes it into all of the proper formats a priori; only then is the content
distributed. This time-consuming process delays the posting of content and creates the need for massive amounts of hardware required
for the processing of the ingested video.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A great deal of content
is pre-transcoded. That is, content aggregators ingest content and transcode it into their chosen&rdquo; format or formats; only
then is the content is put online. This can delay the posting of content for access by end-users. However the challenge of transcoding
takes on a new dimension when one considers the enormous volume of online content. Thwapr anticipates that volume will continue
to skyrocket in the coming years as consumption increases. With many individual sites taking in thousands upon thousands of videos
each day, there is a non-stop process, especially if the target is the myriad formats and codecs that target many of the top mobile
phones. This problem is exacerbated by the fact that the type and underlying formats of mobile phones are moving targets with a
high velocity of change. Transcoding in this context is already a complex process.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Transcoding Solution</I>.
The centerpiece of the Thwapr technology is a hybrid transcoding system. Thwapr&rsquo;s transcoding technology can detect, in real-time,
the handset, carrier and operating system of each destination device to determine mobile device attributes (video formats, screen
size and type, browser, operating system) and then delivers videos and photos individualized for each user's device and carrier
in real-time; this is combined with selective pre-transcoding for a small commonly used set of formats. The complete process utilizes
hybrid transcoding and adaptive rendering, a differentiator versus other approaches to mobile media sharing. Thwapr anticipates
that this seamless process will afford users a very easy to use service, while delivering the highest quality video and Web experience
that such user's phone can support. Thwapr&rsquo;s infrastructure integrates multiple databases, sourced commercially and via open
source, and updated on a regular basis to determine optimization parameters for the transcoding process. Ultimately, thousands
of devices and permutations of operating systems may have to be addressed in the Thwapr device optimization database. There can
be no assurance that Thwapr will be able to service all of the mobile phones that will be introduced into the market.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In
addition to a broadly accessible Web service, Thwapr plans to release native applications for major smartphone operating systems
such as Apple iPhone OS, Android, and Research in Motion OS; these applications are expected to optimize the Thwapr user experience
for capturing and sharing media.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt; color: #262626">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Intellectual Property</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Patents.</I> Thwapr
is developing unique intellectual property for its service. The centerpiece of the Thwapr technology is expected to be a process
that detects mobile device attributes (video formats, image formats, video capabilities, screen size, screen type (<I> i.e.</I>
, touch vs. static), mobile web browser, operating system) and delivers videos and photos individualized for each user's device
and carrier in real-time. This process is covered by a provisional patent filing and Thwapr is expecting to leverage that into
a series of patent applications within the required statutory terms of the provisional patent filing. The Thwapr process utilizes
hybrid transcoding and adaptive rendering, key differentiators versus other approaches to mobile media sharing. Hybrid transcoding
combines pre-transcoding and real-time transcoding while adaptive rendering scales the end-user web experience from a simplistic
HTML web browser on a flip phone all the way up to a large screen multi-touch modern WebKit browser. This seamless process makes
it possible to achieve an extraordinary level of ease of use while delivering the highest quality video and Web experience that
each user's phone can support.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Key topic areas for
the Thwapr patents filed on September 21, 2010 include:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Email / SMS methods to enable adaptive multimedia upload and playback on mobile devices</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Hybrid transcoding via pre-transcoding and on-demand transcoding</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Automatic video compositing of adaptively transcoded media</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Client multimedia playback, device rendering, and device interaction attribute detection</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Adaptive device rendering for multimedia playback optimization</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Adaptive download and playback including segmented file structures; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Social networks and communication models for adaptively transcoded and played back media</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In November 2011 certain amendments
to the patent applications were filed as final. There can be no guarantee that Thwapr will be awarded a patent on any or all of
the subject areas described above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Thwapr will continue
to evaluate its business benefits in pursuing patents in the future. &nbsp;Thwapr currently protects all of its development work
with confidentiality agreements with its engineers, employees and any outside contractors. &nbsp;However, third parties may, in
an unauthorized manner, attempt to use, copy or otherwise obtain and market or distribute Thwapr&rsquo;s intellectual property
or technology or otherwise develop a product with the same functionality as its service. Policing unauthorized use of intellectual
property rights is difficult, and nearly impossible on a worldwide basis. Therefore, Thwapr cannot be certain that the steps it
has taken or will take in the future will prevent misappropriation of its technology or intellectual property, particularly in
foreign countries where it does business or where its service is sold or used, where the laws may not protect proprietary rights
as fully as do the laws of the United States or where the enforcement of such laws is not common or effective.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Trademarks</I>.
Thwapr has filed and received approval for trademarks on its company name Thwapr&rdquo; and its taglines Get Your Moments Moving,&rdquo;
and Share to PhoneMobilize and Monetize.&rdquo; There can be no assurance that Thwapr will receive trademark protection on any
future applications.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Regulation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We will be subject
to various federal, state and local laws that govern the conduct of our business, including state and local advertising, consumer
protection, credit protection, licensing, and other labor and employment regulations. &nbsp;We do not anticipate that the costs
of complying with such regulations will have a material effect on our business or financial condition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Employees</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company currently
has no employees. &nbsp;The Company engages the services of independent contractors to assist it with management in developing
our product and service offerings. We plan to engage full-time employees, including transferring some or all of these contractors
to employee status, as our business develops and when we obtain sufficient working capital. &nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Property</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company&rsquo;s corporate office is
located at 410 S. Rampart Blvd, Ste. 390, Las Vegas, NV, telephone number (702) 726-6820. We currently rent approximately 200 square
feet through a lease which expires July 2012 for rent of $1,169 per month. Under the terms of the lease no rent is payable for
June or July.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Legal Proceedings</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On March 27, 2012,
Bruce Goldstein and Universal Management, Inc. (&quot;Universal&quot;) filed a summons and complaint against the Company in the
Supreme Court of the State of New York County of New York. This suit is based on an alleged breach of contract concerning Mr. Goldstein's
employment contract with the Company. Mr. Goldstein owns Universal, through which the Company engaged Goldstein to act as a consultant
and later President and CEO of the Company. Mr. Goldstein seeks damages in excess of $225,000. The Company and Mr. Goldstein are
in disagreement regarding the amounts owed him for past compensation. The Company also believes that it has substantial defense
to Mr. Goldstein&rsquo;s claims and intends to defend the suit vigorously. As this complaint was only recently served, the Company
has not yet taken further action and is discussing its options with outside counsel.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Other than the above
mentioned litigation matters, we are not a party to, nor is any of our property the subject of, any legal proceedings other than
ordinary routine litigation incidental to their respective businesses. There are no proceedings pending in which any of our officers,
directors or 5% shareholders are adverse to us in which they are taking a position or have a material interest that is adverse
to us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">From time to time,
we may be involved in litigation relating to claims arising out of our operations in the normal course of business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Available Information</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We are subject to
the informational requirements of the Securities Exchange Act of 1934 and, in accordance therewith, file reports and other information
with the SEC. Our reports and other information filed pursuant to the Securities Exchange Act of 1934 may be inspected and copied
at the public reference facilities maintained by the SEC at 100 F Street, N.E., Washington, D.C. 20549. Copies of such material
can also be obtained from the Public Reference Room of the SEC at 100 F Street, N.E., Washington, D.C. 20549, at prescribed rates.
The public may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. In addition,
the SEC maintains a Web site that contains reports and other information regarding registrants that file electronically with the
SEC. The address of the SEC&rsquo;s Web site is http://www.sec.gov.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We have filed with
the SEC a registration statement on Form S-1 under the Securities Act of 1933 with respect to the common stock offered hereby.
As permitted by the rules and regulations of the SEC, this prospectus, which is part of the registration statement, omits certain
information, exhibits, schedules and undertakings set forth in the registration statement.&nbsp;Copies of the registration statement
and the exhibits are on file with the SEC and may be obtained from the SEC&rsquo;s Web site or upon payment of the fee prescribed
by the SEC, or may be examined, without charge, at the offices of the SEC set forth above. For&nbsp;further information, reference
is made to the registration statement and its exhibits.&nbsp;&nbsp;Information located on, or accessible through, our website is
not incorporated into this filing unless this filing specifically indicates otherwise. &nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SELLING STOCKHOLDERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Other than as described below, none of
the Selling Stockholders nor any of their affiliates has held any position or office with, been employed by or otherwise has had
any material relationship with us or our affiliates during the three years prior to the date of this prospectus.&nbsp;&nbsp;Unless
otherwise indicated below, none of the Selling Stockholders are broker-dealers or affiliates of a broker-dealer within the meaning
of Section 3 of the Securities Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This prospectus relates to the offering
and sale, from time to time, of up to 211,767,635 shares of our common stock held by the stockholders named in the table below.
We are registering the shares of common stock in order to permit the selling stockholders to offer the shares for resale from time
to time.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The table below lists the selling stockholders
and other information regarding the beneficial ownership (as determined under Section 13(d) of the Securities Exchange Act of 1934,
as amended, and the rules and regulations thereunder) of our common stock with respect to the securities held by each of the selling
stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The second column lists the number of shares
of common stock beneficially owned by each of the selling stockholders as of May 31, 2012. As of such date, we had 285,942,152
shares of common stock outstanding. The selling stockholders may sell all, some or none of their shares in this offering.&nbsp;&nbsp;See
&ldquo;Plan of Distribution.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The third column lists the shares of common
stock being offered by this prospectus by the selling stockholders. The fourth column lists the remaining shares owned by each
selling stockholding assuming the sale of all of the shares offered by the selling stockholders pursuant to this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We estimate that our costs and expenses
of registering the shares listed herein for resale will be approximately $20,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; padding: 0; text-indent: 0">Registered<BR>
 Name</TD><TD NOWRAP STYLE="font-size: 10pt; font-weight: bold; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD NOWRAP STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; padding: 0; text-indent: 0">Address</TD><TD NOWRAP STYLE="font-size: 10pt; font-weight: bold; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; padding: 0; text-indent: 0">Maximum<BR>
 Number of<BR>
 Shares to be<BR>
 Sold</TD><TD NOWRAP STYLE="padding: 0; font-size: 10pt; font-weight: bold; text-indent: 0">&nbsp;</TD><TD NOWRAP STYLE="font-size: 10pt; font-weight: bold; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; padding: 0; text-indent: 0">Number of<BR>
 Shares<BR>
 Beneficially<BR>
 Owned <BR>
After<BR>
 Offering *</TD><TD NOWRAP STYLE="padding: 0; font-size: 10pt; font-weight: bold; text-indent: 0">&nbsp;</TD><TD NOWRAP STYLE="font-size: 10pt; font-weight: bold; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; padding: 0; text-indent: 0">Percentage<BR>
 Ownership <BR>
After Offering</TD><TD NOWRAP STYLE="padding: 0; font-size: 10pt; font-weight: bold; text-indent: 0; text-align: center; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="width: 23%; font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">Harbinder Sidhu</TD><TD STYLE="width: 2%; font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="width: 35%; font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">27686 Signal Court Abbotsford, BC,
    Canada</TD><TD STYLE="width: 2%; font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">22,686,134</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">-0-</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">0</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: center; padding: 0; text-indent: 0; vertical-align: top">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">Sun City Cherries LTD (1)</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">475a Lakeshore Road, Kelowna B.C. Canada, V1W 4H6</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">21,809,999</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">-0-</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">0</TD><TD STYLE="font-size: 10pt; text-align: center; padding: 0; text-indent: 0; vertical-align: top">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">Rajwinder Kang</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">796 E. 29th St. North Vancouver, BC Canada&nbsp; V7K 1B4</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">32,936,667</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">-0-</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">0</TD><TD STYLE="font-size: 10pt; text-align: center; padding: 0; text-indent: 0; vertical-align: top">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">Jagdish Johal</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; text-indent: 0; vertical-align: top">68 Sherwood Rise, NW Calgary, Alberta, Canada, T3R 1P5</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">642,667</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">-0-</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">0</TD><TD STYLE="font-size: 10pt; text-align: center; padding: 0; text-indent: 0; vertical-align: top">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">Oliver Fruit House (2)</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">1290 McKenzie Road, Kelowna, BC Canada, V1P 1C4</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">19,280,000</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">-0-</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">0</TD><TD STYLE="font-size: 10pt; text-align: center; padding: 0; text-indent: 0; vertical-align: top">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">Castro Development (3)</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">7488 Government Road, Burnaby, B.C., Canada V5A 2C6</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">17,895,333</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">-0-</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">0</TD><TD STYLE="font-size: 10pt; text-align: center; padding: 0; text-indent: 0; vertical-align: top">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">Norberto De Castro</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">7488 Government Road, Burnaby, B.C, Canada V5A 2C6</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">3,213,333</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">-0-</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">0</TD><TD STYLE="font-size: 10pt; text-align: center; padding: 0; text-indent: 0; vertical-align: top">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">Ravdeep Johal</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">10520 Westminster Hwy, Richmond, B.C., Canada V6X1B2</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">23,730,319</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">-0-</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">0</TD><TD STYLE="font-size: 10pt; text-align: center; padding: 0; text-indent: 0; vertical-align: top">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">Balbir Kang</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">260 West 5 Street, North Vancouver, B.C., Canada V7M 1K1</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">23,568,000</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">-0-</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">0</TD><TD STYLE="font-size: 10pt; text-align: center; padding: 0; text-indent: 0; vertical-align: top">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">Meena Gill</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">#704 - 821 Cambie Street Vancouver, B.C. Canada</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">17,963,416</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">-0-</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">0</TD><TD STYLE="font-size: 10pt; text-align: center; padding: 0; text-indent: 0; vertical-align: top">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">Stewart Hayashi</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">1138 Jefferson Avenue, West Vancouver, B.C. Canada V7T 2A8</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">1,606,667</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">-0-</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">0</TD><TD STYLE="font-size: 10pt; text-align: center; padding: 0; text-indent: 0; vertical-align: top">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">Nick Parente</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">7940&nbsp;Government&nbsp;Road. Burnaby, B.C. Canada, V5A 2E2</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">899,733</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">-0-</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">0</TD><TD STYLE="font-size: 10pt; text-align: center; padding: 0; text-indent: 0; vertical-align: top">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">Mindful Consulting (4)</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">2425 S. Fillmore St.&nbsp; Denver, CO 80210</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">803,333</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">-0-</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">0</TD><TD STYLE="font-size: 10pt; text-align: center; padding: 0; text-indent: 0; vertical-align: top">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">Cameron Taylor</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">3533 West 39th Avenue, Vancouver, B.C. V6N3A4</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">818,333</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">-0-</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">0</TD><TD STYLE="font-size: 10pt; text-align: center; padding: 0; text-indent: 0; vertical-align: top">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">Lou Viani</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">5351 Parker Street, Burnaby, B.C. Canada</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">1,571,200</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">-0-</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">0</TD><TD STYLE="font-size: 10pt; text-align: center; padding: 0; text-indent: 0; vertical-align: top">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">Ted Massey</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">7881 112 A Street, Delta, B.C., Canada, V4C 4Y4</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">546,667</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">-0-</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">0</TD><TD STYLE="font-size: 10pt; text-align: center; padding: 0; text-indent: 0; vertical-align: top">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">Randy Wong</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">1583 Spyglass Crest, Delta, B.C., Canda, V4M 4E6</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">1,795,833</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">-0-</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">0</TD><TD STYLE="font-size: 10pt; text-align: center; padding: 0; text-indent: 0; vertical-align: top">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">Opima Capital Inc.(5)</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0; vertical-align: top">The Matalon at Coney Drive, Suite 404, Belize City, Belize</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">10,000,000</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">-0-</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">0</TD><TD STYLE="font-size: 10pt; text-align: center; padding: 0; text-indent: 0; vertical-align: top">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0 0 1pt; text-align: left; text-indent: 0; vertical-align: top">Nymyx Asset Management Inc.(6) &nbsp; </TD><TD STYLE="font-size: 10pt; padding: 0 0 1pt; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0 0 1pt; text-indent: 0; vertical-align: top">#207 - 1425 Marine Drive, West Vancouver, BC Canada</TD><TD STYLE="font-size: 10pt; padding: 0 0 1pt; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0 0 1pt; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-indent: 0; vertical-align: top">10,000,000</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0 0 1pt; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0 0 1pt; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0 0 1pt; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-indent: 0; vertical-align: top">-0-</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0 0 1pt; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0 0 1pt; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0 0 1pt; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-indent: 0; vertical-align: top">0</TD><TD STYLE="font-size: 10pt; text-align: center; padding: 0 0 1pt; text-indent: 0; vertical-align: top">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-decoration: none; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-decoration: none; text-align: left; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="padding: 0; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="text-align: right; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="text-align: center; padding: 0; text-indent: 0; vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding: 0 0 2.5pt; text-indent: 0; text-align: left; vertical-align: top">Total</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-decoration: none; padding: 0 0 2.5pt; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-decoration: none; text-align: left; padding: 0 0 2.5pt; text-indent: 0; vertical-align: top"></TD><TD STYLE="font-size: 10pt; padding: 0 0 2.5pt; text-indent: 0; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0 0 2.5pt; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding-top: 0; padding-right: 0; border-bottom: Black 2.5pt double; padding-left: 0; text-indent: 0; vertical-align: top">211,767,635</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0 0 2.5pt; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0 0 2.5pt; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: right; padding: 0 0 2.5pt; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding-top: 0; padding-right: 0; border-bottom: Black 2.5pt double; padding-left: 0; text-indent: 0; vertical-align: top">-0-</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0 0 2.5pt; text-indent: 0; vertical-align: top"></TD><TD STYLE="padding: 0 0 2.5pt; text-indent: 0; text-align: right; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: right; padding: 0 0 2.5pt; text-indent: 0; vertical-align: top">&nbsp;</TD><TD STYLE="text-align: right; padding-top: 0; padding-right: 0; border-bottom: Black 2.5pt double; padding-left: 0; text-indent: 0; vertical-align: top">0</TD><TD STYLE="text-align: center; padding: 0 0 2.5pt; text-indent: 0; vertical-align: top">%</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>* </B>Since we do not have the
ability to control how many, if any, of their shares each of the selling shareholders listed above will sell, we have assumed
that the selling shareholders will sell all of the shares offered herein for purposes of determining how many shares they will
own after the offerings and their percentage of ownership following the offerings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>



<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0">(1)</TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Mr. Gordon Sandhu, President has voting and investment control over the securities held by Sun
City Cherries Ltd. Mr. Sandhu disclaims beneficial ownership of these securities.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0">(2)</TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Mr. Harbhajan Sandhu, President has voting and investment control over the securities held by Oliver
Fruit House. Mr. Sandhu disclaims beneficial ownership of these securities.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0">(3)</TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Mr. Norberto de Castro, President has voting and investment control over the securities held by
Castro Development. Mr. Castro disclaims beneficial ownership of these securities.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0">(4)</TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Ms. Judy Herm, Trustee has voting and investment control over the securities held by Mindful Consulting.
Ms. Herm disclaims beneficial ownership of these securities.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0">(5)</TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Mr. Lennox Ong, Director has voting and investment control over the securities held by Opima Capital
Inc. Mr. Ong disclaims beneficial ownership of these securities.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0">(6)</TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Mr. Gregory Barnham, Director has voting and investment control over the securities held by Nymyx
Asset Management Inc. Mr. Barnham disclaims beneficial ownership of these securities.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Except as otherwise indicated above or
in the footnotes to the table, the selling stockholders have not held any position or office or had any material relationship with
us within the past three years and possess sole voting and investment power with respect to the shares shown.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PLAN OF DISTRIBUTION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We are registering 211,767,635 shares of
our common stock under the registration statement of which this prospectus is a part.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We will bear all fees and expenses incident
to our obligation to register the shares of common stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The selling stockholders may sell all or
a portion of the shares of common stock beneficially owned by them and offered hereby from time to time directly or through one
or more underwriters, broker-dealers or agents.&nbsp;&nbsp;If the shares of common stock are sold through underwriters or broker-dealers,
the selling stockholders will be responsible for underwriting discounts or commissions or agent's commissions.&nbsp;&nbsp;The shares
of common stock may be sold in one or more transactions at fixed prices, at prevailing market prices at the time of the sale, at
varying prices determined at the time of sale, or at negotiated prices.&nbsp;&nbsp;These sales may be effected in transactions,
which may involve crosses or block transactions,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0">1)</TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">on any national securities exchange or quotation service on which the securities may be listed
or quoted at the time of sale;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0">2)</TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">in the over-the-counter market;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0">3)</TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">in transactions otherwise than on these exchanges or systems or in the over-the-counter market;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0">4)</TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">through the writing of options, whether such options are listed on an options exchange or otherwise;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0">5)</TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0">6)</TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">block trades in which the broker-dealer will attempt to sell the shares as agent but may position
and resell a portion of the block as principal to facilitate the transaction;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0">7)</TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">purchases by a broker-dealer as principal and resale by the broker-dealer for its account;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0">8)</TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">an exchange distribution in accordance with the rules of the applicable exchange'</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0">9)</TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">privately negotiated transactions;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0">10)</TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">short sales;</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0">11)</TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">sales pursuant to Rule 144;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0">12)</TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">broker-dealers may agree with the selling security holders to sell a specified number of such shares
at a stipulated price per share;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0">13)</TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">a combination of any such methods of sale; and,</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0">14)</TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">any other method permitted pursuant to applicable law.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If the selling stockholders effect such
transactions by selling shares of common stock to or through underwriters, broker-dealers or agents, such underwriters, broker-dealers
or agents may receive commissions in the form of discounts, concessions or commissions from the selling stockholders or commissions
from purchasers of the shares of common stock for whom they may act as agent or to whom they may sell as principal (which discounts,
concessions or commissions as to particular underwriters, broker-dealers or agents may be in excess of those customary in the types
of transactions involved).&nbsp;&nbsp;In connection with sales of the shares of common stock or otherwise, the selling stockholders
may enter into hedging transactions with broker-dealers, which may in turn engage in short sales of the shares of common stock
in the course of hedging in positions they assume.&nbsp;&nbsp;The selling stockholders may also sell shares of common stock short
and deliver shares of common stock covered by this prospectus to close out short positions and to return borrowed shares in connection
with such short sales.&nbsp;&nbsp;The selling stockholders may also loan or pledge shares of common stock to broker-dealers that
in turn may sell such shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The selling stockholders may pledge or
grant a security interest in some or all of the shares owned by them and, if they default in the performance of their secured obligations,
the pledgees or secured parties may offer and sell the shares of common stock from time to time pursuant to this prospectus or
any amendment to this prospectus under Rule 424(b)(3) or other applicable provision of the Securities Act of 1933, as amended,
amending, if necessary, the list of selling stockholders to include the pledgee, transferee or other successors in interest as
selling stockholders under this prospectus.&nbsp;&nbsp;The selling stockholders also may transfer and donate the shares of common
stock in other circumstances in which case the transferees, donees, pledgees or other successors in interest will be the selling
beneficial owners for purposes of this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The selling stockholders and any broker-dealer
participating in the distribution of the shares of common stock may be deemed to be &ldquo;underwriters&rdquo; within the meaning
of the Securities Act, and any commission paid, or any discounts or concessions allowed to, any such broker-dealer may be deemed
to be underwriting commissions or discounts under the Securities Act.&nbsp;&nbsp;At the time a particular offering of the shares
of common stock is made, a prospectus supplement, if required, will be distributed which will set forth the aggregate amount of
shares of common stock being offered and the terms of the offering, including the name or names of any broker-dealers or agents,
any discounts, commissions and other terms constituting compensation from the selling stockholders and any discounts, commissions
or concessions allowed or reallowed or paid to broker-dealers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under the securities laws of some states,
the shares of common stock may be sold in such states only through registered or licensed brokers or dealers.&nbsp;&nbsp;In addition,
in some states the shares of common stock may not be sold unless such shares have been registered or qualified for sale in such
state or an exemption from registration or qualification is available and is complied with.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">There can be no assurance that any selling
stockholder will sell any or all of the shares of common stock registered pursuant to the registration statement, of which this
prospectus forms a part.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The selling stockholders and any other
person participating in such distribution will be subject to applicable provisions of the Securities Exchange Act of 1934, as amended,
and the rules and regulations thereunder, including, without limitation, Regulation M of the Exchange Act, which may limit the
timing of purchases and sales of any of the shares of common stock by the selling stockholders and any other participating person.&nbsp;&nbsp;Regulation
M may also restrict the ability of any person engaged in the distribution of the shares of common stock to engage in market-making
activities with respect to the shares of common stock.&nbsp;&nbsp;All of the foregoing may affect the marketability of the shares
of common stock and the ability of any person or entity to engage in market-making activities with respect to the shares of common
stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We will pay all expenses of the registration
of the shares of common stock pursuant to the registration statement of which this prospectus is a part, estimated to be $20,000
in total, including, without limitation, Securities and Exchange Commission filing fees and expenses of compliance with state securities
or &ldquo;blue sky&rdquo; laws; provided, however, that a selling stockholder will pay all underwriting discounts and selling commissions,
if any.&nbsp;&nbsp;We may be indemnified by the selling stockholders against civil liabilities, including liabilities under the
Securities Act, that may arise from any written information furnished to us by the selling stockholder specifically for use in
this prospectus, in accordance with the related registration rights agreement, or we may be entitled to contribution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Once sold under the registration statement, of which this prospectus
forms a part, the shares of common stock will be freely tradable in the hands of persons other than our affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DESCRIPTION OF SECURITIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Common Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of May 31, 2012, our authorized capital
consists of 300,000,000 shares of common stock , $0.0003 par value per share and 50,000,000 shares of preferred stock, $0.0001
par value, of which 47,061,636 are designated as Series A Preferred Stock.&nbsp;&nbsp; As of May 31, 2012, there were 59,094,129
shares of our common stock outstanding and 46,961,636 shares of our Series A Preferred Stock outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The holders of our common stock:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Have equal ratable rights to dividends from funds legally available therefore, when, as and if
declared by our Board of Directors;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Are entitled to share ratably in all of our assets available for distribution to holders of common
stock upon liquidation, dissolution or winding up of our affairs;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Do not have pre-emptive, subscription or conversion rights and there are no redemption or sinking
fund provisions or rights; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Are entitled to one non-cumulative vote per share on all matters on which stockholders may vote.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The shares of common stock are not subject
to any future call or assessment and all have equal voting rights. There are no special rights or restrictions of any nature attached
to any of the common shares and they all rank at equal rate or &quot; pari passu,&quot; each with the other, as to all benefits,
which might accrue to the holders of the common shares. All registered stockholders are entitled to receive a notice of any general
annual meeting to be convened by our Board of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">At any general meeting, subject to
the restrictions on joint registered owners of common shares, on a showing of hands every stockholder who is present in
person and entitled to vote has one vote, and on a poll every stockholder has one vote for each shares of common stock of
which he is the registered owner and may exercise such vote either in person or by proxy. To the knowledge of our management,
at the date hereof, our officers and directors are the only persons to exercise control, directly or indirectly, over more
than 10% of our outstanding common shares. See &quot;Security Ownership of Certain Beneficial Owners and
Management.&quot;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Holders of shares of our common stock do
not have cumulative voting rights, which means that the holders of more than 50% of the outstanding shares, voting for the election
of directors, can elect all of the directors to be elected, if they so choose, and, in such event, the holders of the remaining
shares will not be able to elect any of our directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Preferred Stock</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: black">The board of
directors has created a series of Series A preferred stock consisting of 47,061,636 shares of which </FONT>46,961,636 <FONT STYLE="color: black">shares
are issued and outstanding. Each share of Series A preferred stock is convertible into 6.5 fully paid and nonassessable shares
of common stock, subject to adjustment. However, holders cannot sell or otherwise transfer, excepted for limited circumstances,
the Series A preferred stock until the earlier of: </FONT>x) July 18, 2015; or (y) the occurrence of a Change in Control, as defined
in the Certificate of Designation of the Relative Rights and Preferences of the Series A Preferred Stock. All outstanding shares
of Series A Preferred Stock shall automatically convert upon a Change in Control of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: black">The
Series A Preferred Stock shall vote together with the common stock and not as a separate class. The Series A Preferred Stock
shall initially vote only on a share for share basis with the common stock on any matter, including but not limited to the
election of directors, until the Company has filed an amendment to its Articles of Incorporation with the Nevada Secretary of
State amending the Articles of Incorporation to provide that the Board may designate the voting power of the preferred stock,
if any, regardless of the equivalent voting ratio to common stock. </FONT>Upon the effective date of the Amendment each share
of Series A Preferred Stock shall have a number of votes equal to the number of shares of common stock then issuable
upon conversion of each share of Series A Preferred Stock.&nbsp;&nbsp;The Board approved this amendment on April 26, 2012
and obtained, via written consent, from a majority of its outstanding voting securities. The Company shall file a Schedule
14C information statement with the Securities and Exchange Commission and once effective, file the amendment with the
Secretary of State of the State of Nevada to effectuate such amendment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Series A preferred stock has no preemptive
rights. The Series A preferred stock will not accrue dividends. However, in the event that any dividends are paid on our common
stock, the holders of Series A preferred stock shall share with the holders of common stock on an as converted basis in such dividends.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the event of any liquidation or dissolution
of the Company, subject to the preferred rights of any other senior series of Preferred Stock, if any, the Series A Preferred Stock,
on a common stock equivalent basis, shall participate with the common stock with respect to any distributions of available funds
and assets<FONT STYLE="color: black">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Transfer Agent</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The transfer agent for our common stock is Island Stock Transfer,
Clearwater, Florida.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Interest of Named Experts and Counsel</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The validity of the securities offered
hereby have been passed upon for us by Hunter, Taubman Weiss LLP, New York, New York.&nbsp;&nbsp;The financial statements as of
and for the years ended December 31, 2011 and 2010 included in this prospectus and in the registration statement have been audited
by <FONT STYLE="color: black">Rose, Snyder &amp; Jacobs LLP</FONT>, an independent registered public accounting firm, as stated
in their report appearing herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INCORPORATION OF CERTAIN INFORMATION
BY REFERENCE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The SEC&rsquo;s rules allow us to incorporate
by reference information into this prospectus. This means that we can disclose important information to you by referring you to
another document. Any information referred to in this way is considered part of this prospectus from the date we file that document.
Any reports filed by us with the SEC after the date of this prospectus and before the date that the offering of the securities
by means of this prospectus is terminated will automatically update and, where applicable, supersede any information contained
in this prospectus or incorporated by reference in this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We incorporate by reference into this prospectus
the following documents or information filed with the SEC (other than, in each case, documents or information deemed to have been
furnished and not filed in accordance with SEC rules):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0">1.</TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Annual Report on Form 10-K/A for the fiscal year ended December 31, 2011, filed with the SEC on
June 1, 2012 (Commission File No. 000-53640);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0">2.</TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Annual Report on Form 10-K for the fiscal year ended December 31, 2011, filed with the SEC on April
16, 2012 (Commission File No. 000-53640);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0">3.</TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2012, filed with the SEC
on May 21, 2012 (Commission File No. 000-53640);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0">4.</TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">The Company's Current Report on Form 8-K, filed with the SEC on February 2, 2012 (Commission File
No. 000-53640);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0">5.</TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">The Company's Current Report on Form 8-K, filed with the SEC on March 2, 2012 (Commission File
No. 000-53640);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0">6.</TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">The Company's Current Report on Form 8-K, filed with the SEC on March 23, 2012 (Commission File
No. 000-53640);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0">7.</TD><TD STYLE="text-align: justify; padding: 0; text-indent: 0">The Company's Current Report on Form 8-K, filed with the SEC on April 26, 2012 (Commission File
No. 000-53640).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All documents subsequently filed by the
Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange
Act&rdquo;), prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold
or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference into this Registration
Statement and to be a part hereof from the date of filing of such documents; provided, however, that documents or information deemed
to have been furnished and not filed in accordance with Commission rules shall not be deemed incorporated by reference into this
Registration Statement. Any statement contained herein or in a document, all or a portion of which is incorporated or deemed to
be incorporated by reference herein, shall be deemed to be modified or superseded for purposes of this Registration Statement to
the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated
by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except
as so modified or amended, to constitute a part of this Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We will provide without charge to each
person, including any beneficial owner, to whom this prospectus is delivered, upon his or her written or oral request, a copy of
any or all documents referred to above which have been or may be incorporated by reference into this prospectus excluding exhibits
to those documents unless they are specifically incorporated by reference into those documents. You may request a copy of these
filings at no cost, by writing or calling us at the following address or telephone number:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>THWAPR, INC. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>410 S. Rampart Blvd. Ste. 390</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Las Vegas, NV 89145</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Attn: Barry Hall</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(<FONT STYLE="color: black">702) 726-6820</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DISCLOSURE OF COMMISSION POSITION ON
INDEMNIFICATION FOR SECURITIES ACT LIABILITIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Insofar as indemnification for liabilities
arising under the Securities Act of 1933 may be permitted to our directors, officers and controlling persons pursuant to the foregoing
provisions, or otherwise, we have been advised that in the opinion of the SEC&nbsp;such indemnification is against public policy
as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment by us of expenses incurred or paid by one of our directors, officers or controlling persons
in the successful defense of any action, suit or proceeding) is asserted by that director, officer or controlling person in connection
with the securities being registered, we will, unless in the opinion of our counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether that indemnification by us is against public policy
as expressed in the Securities Act and will be governed by the final adjudication of that issue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;<B>PART II</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INFORMATION NOT REQUIRED IN PROSPECTUS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>ITEM 13. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table sets forth the costs
and expenses, other than underwriting discounts and commissions, to be paid by the Registrant in connection with the issuance and
distribution of the common stock being registered. All amounts other than the SEC registration fee are estimates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="width: 86%; font-size: 10pt; text-align: left">SEC Registration Fee</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">1,165</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Printing and Engraving Expenses</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">2,000</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="font-size: 10pt; text-align: left">Legal Fees and Expenses</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">10,000</TD><TD STYLE="font-size: 10pt; text-align: left">*</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Accounting Fees and Expenses</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">3,500</TD><TD STYLE="font-size: 10pt; text-align: left">*</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,255,204)">
    <TD STYLE="font-size: 10pt; padding-bottom: 1pt">Miscellaneous</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">3,335</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">*</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">Total</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">20,000</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">*Estimated as permitted under Rule 511 of Regulation S-K</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>ITEM 14. INDEMNIFICATION OF DIRECTORS AND OFFICERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Section 5 of our Bylaws provides that the
Company shall indemnify any person who was, or is threatened to be made, a party to a proceeding (as hereinafter defined) by reason
of the fact that he or she (i) is or was a director, officer, employee or agent of the Company, or (ii) while a director, officer,
employee or agent of the Company, is or was serving at the request of the Company as a director, officer, employee, agent or similar
functionary of another corporation, partnership, joint venture, trust or other enterprise, to the fullest extent permitted under
the Revised Statutes of the State of Nevada, as the same exists or may hereafter be amended. The rights conferred above shall not
be exclusive of any other right which any person may have or hereafter acquire under any statute, bylaw, resolution of stockholders
or directors, agreement or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Insofar as indemnification for liabilities
arising under the Securities Act of 1933 may be permitted to directors, officers or persons controlling the registrant, pursuant
to the foregoing provisions, the Registrant has been informed that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>ITEM 15. RECENT SALES OF UNREGISTERED
SECURITIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">During the past three
years, we effected the following transactions in reliance upon exemptions from registration under the Securities Act as amended.
Unless stated otherwise; (i) that each of the persons who received these unregistered securities had knowledge and experience in
financial and business matters which allowed them to evaluate the merits and risk of the receipt of these securities, and that
they were knowledgeable about our operations and financial condition; (ii) no underwriter participated in, nor did we pay any commissions
or fees to any underwriter in connection with the transactions; (iii) the transactions did not involve a public offerings; and
(iv) each certificate issued for these unregistered securities contained a legend stating that the securities have not been registered
under the Act and setting forth the restrictions on the transferability and the sale of the securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On March 29, 2010, pursuant to the
closing of the Share Exchange Agreement between the Company (formerly known as Seaospa) and Thwapr, Inc., a Delaware
Corporation (&ldquo;Thwapr Delaware&rdquo;), to acquire all of the stock of Thwapr Delaware, the Company issued 142,676,508
shares of its common stock and warrants to acquire 12,181,363 shares of its common stock to the Thwapr Delaware Stockholders
in exchange for 100% of the issued and outstanding capital stock of Thwapr Delaware. &nbsp;Immediately prior to the Exchange
Transaction, the Company had 14,609,754 shares of common stock issued and outstanding, subsequent to the stock split that
occurred in February 2011. &nbsp;Immediately after the Exchange Transaction, the Company had 157,286,262 shares of common
stock issued and outstanding, of which 141,562,908 cannot be sold or traded (i) until June 9, 2012, if Thwapr has 10,000,000
registered users on such date, or (ii) upon a change of control of Thwapr. &nbsp;Additionally, of the warrants outstanding,
10,950,003 shares of the underlying securities cannot be sold or traded (i) until June 9, 2012, if Thwapr has 10,000,000
registered users on such date, or (ii) upon a change of control of Thwapr. (All of these number of shares do not reflect the
3 for 1 stock split the occurred in February 2011). The shares were issued to accredited investors pursuant to the exemption
from registration provided by Section 4(2) of the Securities Act for issuances not involving any public offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In July 2009, the Company began an offering
to sell 2,500,000 shares of common stock at an offering price of $4.00 per share for an aggregate offering amount of $10,000,000.
In November 2009, the Company retroactively re-priced the stock offering to $1.25 per share and, as a result, issued additional
shares to investors who had previously purchased common stock so that the number of shares they received in connection with the
offering was equal to the amount of money invested divided by $1.25, with partial shares rounded up. &nbsp;The effect of this re-pricing
was an increase to the number of shares of common stock sold from 168,500 to 539,200 at the time of the re-pricing. &nbsp;In addition,
for every ten shares of common stock purchased the stockholder received one warrant convertible into one share of common stock
for five years at a price of $1.25 per share. &nbsp;The weighted average number of common shares outstanding used to compute the
loss per share reflects the effect of the re-pricing. (These numbers of shares do not reflect the 3-for-1 stock split of February
2011). The shares were issued to accredited investors pursuant to the exemption from registration provided by Section 4(2) of the
Securities Act for issuances not involving any public offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On July 20, 2010, the Company entered into
another Exchange Offer Agreement&nbsp;with its five largest stockholders including the founders of the Company. &nbsp;Pursuant
to this agreement, the Company issued 47,061,636 shares of Series A preferred stock in exchange for 141,184,908 shares of common
stock which were retired (these number of shares do not reflect the 3-for-1 stock split of February 2011). The shares were issued
to accredited investors pursuant to the exemption from registration provided by Section 4(2) of the Securities Act for issuances
not involving any public offering. &nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Pursuant
to private placements of common stock consummated in 2009 and 2010, the Company received a total of $2,963,500 in connection with
the issuance and sale to 15 investors (none of whom is or was a direct or indirect officer, director or affiliate of the Company)
of an aggregate of 5,686,532 shares of common stock at prices ranging from $0.417 to $0.833 per share. The shares were issued to
accredited investors pursuant to the exemption from registration provided by Section 4(2) of the Securities Act for issuances not
involving any public offering. On April 16, 2012, t</FONT>he Company issued to such investors an additional 191,767,635 shares
to these same investors as &quot;make good&quot; shares at a value of $0.015 per share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On April 16, 2012, we issued an aggregate
of 20,000,000 shares to two of our consultants, pursuant to the respective consulting agreements we have with each such consultant.
The shares were issued in accordance with the exemption from the registration provisions of the Securities Act of 1933, as amended,
provided by Section 4(2) of such Act for issuances not involving any public offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>ITEM 16.&nbsp; EXHIBITS AND FINANCIAL STATEMENT SCHEDULES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>EXHIBITS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following exhibits are filed as part of this registration
statement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD STYLE="width: 9%"><B>Number</B></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-weight: bold; width: 90%">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid">3.1</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">Articles of Incorporation of the Registrant, dated November 2, 2007, including all amendments to date (incorporated by reference to the Registrant's Form 8-K filed on April 2, 2010).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid">3.1a</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">Amendment to Articles of Incorporation (incorporated by reference to Exhibit 3.1(a) of the Registrant&rsquo;s Current Report on Form 8-K filed on April 21, 2010).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid">3.2</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">By-laws of the Registrant, dated November 2, 2007 (incorporated by reference to Exhibit 3.2 of Registrant&rsquo;s Registration Statement on Form S-1 filed on February 9, 2009).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid">4.1</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">Form of Stock Specimen (incorporated by reference to Exhibit 4.1 of Registrant&rsquo;s Registration Statement on Form S-1 filed on February 9, 2009).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid">4.2</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">Certificate of Designation of the Relative Rights and Preferences of the Series A Convertible Preferred Stock (incorporated by reference to Exhibit 3.1 of the Registrant&rsquo;s Form 8-K filed on July 21, 2010).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid">4.2</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">Amendment to the Certificate of Designation of the Relative Rights and Preferences of the Series A Convertible Preferred Stock (incorporated by reference to Exhibit 3.1 of the Registrant&rsquo;s Form 8-K filed on April 1, 2011).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid">4.3</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">Amended and Restated Certificate of Designation of the Relative Rights and Preferences of the Series A Convertible Preferred Stock (incorporated by reference to Exhibit 4.1 of the Registrant&rsquo;s Form 8-K filed on April 26, 2012).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid">4.4</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">2011 Stock Option Plan (incorporated by reference to Exhibit 99.1 of the Registrant&rsquo;s Form 8-K filed on October 26, 2011).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid">10.1</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">Share Exchange Agreement, dated March 5, 2010 by and among Seaospa, Inc., certain stockholders of Seaospa, Inc., Thwapr, Inc., and certain stockholders of Thwapr, Inc (incorporated by reference to Exhibit 2.1 of the Registrant&rsquo;s Form 8-K filed on March 9, 2010).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid">10.2</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">Addendum No. 1 to July 20, 2009 Exchange Offer Agreement, dated February 2010, by and among Thwapr, Inc. and the stockholders listed therein (incorporated by reference to the Registrant's Form 8-K filed on April 2, 2010).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid">10.3</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">Form of Warrant to Purchase common stock of Thwapr, Inc. (incorporated by reference to the Registrant's Form 8-K filed on April 2, 2010).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid">10.4</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">Form of Indemnification Agreement for the officers and directors of Seaospa, Inc. (incorporated by reference to the Registrant's Form 8-K filed on April 2, 2010).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid">10.5</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">Registration Rights Agreement, dated March 29, 2010, by and among Seaospa, Inc. and the stockholders listed therein. (incorporated by reference to the Registrant's Form 8-K filed on April 2, 2010).</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; width: 9%">10.6</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 90%">Exchange Offer Agreement dated July 20, 2010, made by and between the Company and certain Stockholders (incorporated by reference to the Registrant's Form 8-K filed on July 21, 2010).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid">10.7</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">Line of Credit and Restructuring Agreement between the Company and Ron Singh (incorporated by reference Exhibit 10.1 on the Registrant's Form 8-K filed on March 2, 2012).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid">10.8</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">6% Secured Convertible Notes issued to Kevir Kang, Ron Singh and Barry Hall (incorporated by reference to Exhibit 10.1 of the Registrant&rsquo;s Form 8-K filed on March 23, 2012).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid">10.9</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">Form of Offer Letter to certain holders of Company Payables (incorporated by reference to Exhibit 10.2 of the Registrant&rsquo;s Form 8-K filed on March 23, 2012).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid">10.10</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">Form of letter to potential holders of Make Good Shares (incorporated by reference to Exhibit 10.3 of the Registrant&rsquo;s Form 8-K filed on March 23, 2012).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid">10.11</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">Consulting Agreement with Nymex Asset Management Inc. (Filed herewith.)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid">10.12</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">Consulting Agreement with Opima Capital, Inc. (Filed herewith).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid">14.1</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">Code of Ethics, adopted May 4, 2010 (incorporated by reference to the Registrant's Form 8-K dated May 6, 2010).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid">23.1</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">Consent of Hunter, Taubman &amp; Weiss (Filed herewith.)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid">23.2</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">Consent of Rose Snyder &amp; Jacobs LLP. (Filed herewith.)</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>ITEM 17. UNDERTAKINGS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The undersigned registrant hereby undertakes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
file, during any period in which offers or sales are being made pursuant to this Registration Statement, a post-effective amendment
to this registration statement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.55in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to
include any prospectus required by Section 10(a)(3) of the Securities Act of 1933.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.55in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to
reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set
forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if
the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high
end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule
424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering
price set forth in the &ldquo;Calculation of Registration Fee&rdquo; table in the effective registration statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.55in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to
include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement
or any material change to such information in this Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That,
for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed
to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the
termination of the offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each
filing of the Registrant&rsquo;s annual report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (and,
where applicable, each filing of an employee benefit plan&rsquo;s annual report pursuant to Section 15(d) of the Securities Exchange
Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide offering thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar
as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the Registrant pursuant to the foregoing provisions described in Item 15 above, or otherwise, the Registrant has been
advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed
in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities
(other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant
in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection
with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by
controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against
public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Act of
1933, the Registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Las Vegas, State of Nevada on June 1, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-indent: 0">THWAPR, INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 8%; padding: 0; text-indent: 0">By:</TD>
    <TD STYLE="width: 42%; border-bottom: black 1pt solid; padding: 0; text-indent: 0">/s/ Ron Singh</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">Name:</TD>
    <TD STYLE="padding: 0; text-indent: 0">Ron Singh</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">Title:&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">CEO and Chairman</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to the requirements of the Securities
Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 36%; border-bottom: black 1pt solid; padding: 0; font-weight: bold; text-align: center; text-indent: 0">Signature</TD>
    <TD STYLE="width: 2%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 36%; border-bottom: black 1pt solid; padding: 0; font-weight: bold; text-align: center; text-indent: 0">Title</TD>
    <TD STYLE="width: 2%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 24%; border-bottom: black 1pt solid; padding: 0; font-weight: bold; text-align: center; text-indent: 0">Date</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding: 0; text-indent: 0">/s/ Ron Singh</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">President, Chief Executive Officer,
        and Director</P></TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; padding: 0; text-indent: 0">June 1, 2012</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0">RON SINGH</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; padding: 0; text-indent: 0">(Principal Executive&nbsp;Officer)</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding: 0; text-indent: 0">/s/ Barry Hall</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Chief Financial Officer</P></TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; padding: 0; text-indent: 0">June 1, 2012</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0">BARRY HALL</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; padding: 0; text-indent: 0">&nbsp;(Principal Financial Officer and</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; padding: 0; text-indent: 0">Principal Accounting Officer) and Director</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0; text-indent: 0">/s/ Guriqbal Randhawa</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: center; padding: 0; text-indent: 0">Director</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: center; padding: 0; text-indent: 0">June 1, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">GURIQBAL RANDHAWA</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0; text-indent: 0">/s/ Gurmit Brar</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: center; padding: 0; text-indent: 0">Director</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: center; padding: 0; text-indent: 0">June 1, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">GURMIT BRAR</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
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<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; padding: 0; text-indent: 0">/s/ Leonard Dreyer</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: center; padding: 0; text-indent: 0">&nbsp;Director</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: center; padding: 0; text-indent: 0">June 1, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">LEONARD DREYER</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: center; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
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    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
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    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
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[{"type": "S-1", "sequence": "1", "filename": "v315024_s1.htm", "description": "FORM S-1", "secsgml_size_bytes": 304397}]
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As filed with
the Securities and Exchange Commission on June 1, 2012
Registration No.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form S-1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
THWAPR, INC.
(Exact name of Registrant as specified
in its charter)
Delaware
2835
33-0413161
(State or Other Jurisdiction of
Incorporation or Organization)
(Primary Standard Industrial
Classification Code Number)
(I.R.S. Employer
Identification Number)
410 S. Rampart Blvd. Ste. 390
Las Vegas, NV 89145
(
702)
726-6820
(Address, including zip code, and
telephone number,
including area code, of Registrant's
principal executive offices)
Copies to:
Stephen A. Weiss, Esq.
Rachael Schmierer, Esq.
Hunter Taubman Weiss
17 State Street, Suite 2000
New York, New York 10004
Approximate date of commencement of proposed sale to the
public:
From time to time after this Registration Statement becomes effective.
If any of the securities being registered
on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the
following box.
¨
If this Form is filed to register additional
securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement for the same offering.
¨
If this Form is a post-effective amendment
filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement
number of the earlier effective registration statement for the same offering.
¨
If this Form is a post-effective amendment
filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement
number of the earlier effective registration statement for the same offering.
¨
Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See
definitions of "large accelerated filer", "accelerated filer" and "smaller reporting company"
in Rule 12b-2 of the Exchange Act.  (Check one):
Large accelerated filer
Accelerated filer
Non-accelerated filer
Smaller reporting
company
¨
(Do not check if a smaller reporting company)
CALCULATION OF REGISTRATION FEE
Title of each class of securities to be registered (1)
Amount to be
registered (1)
Proposed
maximum offering
price per share (2)
Proposed
maximum
aggregate
offering price
Amount of
registration fee
Common Stock (3)
211,767,635
$
0.048
$
10,164,846
$
1,164.89
(1)  Pursuant to Rule 416 and
457 of the Securities Act of 1933, as amended, the shares of common stock offered hereby also include such presently indeterminate
number of shares of our common stock as shall be issued by the Registrant to the selling stockholders under provisions of the warrants
covered by this registration statement to prevent dilution resulting from stock splits, stock dividends, issuances of securities
at prices below the exercise price of such warrants or similar transactions.
(2)
Estimated
solely for purposes of calculating the registration fee in accordance with Rule 457(c) under the Securities Act of 1933, as amended
based upon the average of the bid and asked price of the Registrant's common stock as quoted on the Over-the-Counter Bulletin
Board of $0.048 on May 31, 2012
.
(3) Represents
191,767,635
shares of common stock issuable as "Make Good" shares to the investors of the private placement we completed in
2009 and 2010, as more fully explained herein and 20,000,000 shares issuable to 2 consultants as compensation for services they
provide to us pursuant to their respective consulting agreements with us.
The registrant hereby amends this registration
statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment
which specifically states that this registration statement shall thereafter become effective in accordance with section 8(a) of
the Securities Act of 1933, as amended, or until the registration statement shall become effective on such date as the Commission,
acting pursuant to said section 8(a), may determine.
2
THE INFORMATION IN THIS PROSPECTUS IS NOT COMPLETE AND MAY
BE CHANGED. THE SELLING STOCKHOLDERS MAY NOT SELL THESE SECURITIES PUBLICLY UNTIL THE REGISTRATION STATEMENT FILED
WITH THE SECURITIES AND EXCHANGE COMMISSION IS EFFECTIVE. THIS PROSPECTUS IS NOT AN OFFER TO SELL THESE SECURITIES
AND IT IS NOT SOLICITING AN OFFER TO BUY THESE SECURITIES IN ANY STATE WHERE THE OFFER OR SALE IS NOT PERMITTED. YOU SHOULD RELY
ONLY ON THE INFORMATION CONTAINED IN THIS PROSPECTUS. WE HAVE NOT AUTHORIZED ANYONE TO PROVIDE YOU WITH INFORMATION THAT IS DIFFERENT.
SUBJECT TO COMPLETION, DATED [__]
PROSPECTUS
THWAPR, INC.
211,767,635 Shares of common stock
This prospectus relates
to the sale by the selling shareholders listed on page 24 of up to 211,767,635 shares
of our common stock that Thwapr, Inc. has issued as "make good" shares under certain private placement agreements entered
into with the selling shareholders in 2009 and 2010, and to two of our consultants who provide services to us pursuant to a consulting
agreement, all as more fully described below.
The offerings were not being underwritten.
The selling stockholders
named herein may sell common stock from time to time in the principal market on which the stock is traded at the prevailing market
price, at prices related to such prevailing market price, in negotiated transactions or a combination of such methods of sale and
pursuant to any other method permitted by applicable law. We will not receive any proceeds from the sales by the selling stockholders.
Our shares
of common stock are quoted on the Over the Counter Bulletin Board ("OTCBB") under the symbol
"THWI." On May 31, 2012, the last reported sale price of our common stock was $0.047 per share. As of May
31, 2012, we had the following amount of shares issued and outstanding:
·
285,942,152 shares of common stock outstanding; and
·
46,961,636 shares of Series A Preferred Stock outstanding, which can convert into an aggregate
of 305,250,634 shares of common stock, subject to adjustment.
THIS
INVESTMENT INVOLVES A HIGH DEGREE OF RISK.  YOU SHOULD PURCHASE SHARES ONLY IF YOU CAN AFFORD A COMPLETE LOSS OF
YOUR INVESTMENT.
SEE THE INFORMATION UNDER THE HEADING "RISK
FACTORS" BEGINNING ON PAGE 15 OF OUR ANNUAL REPORT ON FORM 10-K/A FOR THE FISCAL YEAR ENDED DECEMBER 31, 2011, WHICH
INFORMATION IS INCORPORATED BY REFERENCE INTO THIS PROSPECTUS, FOR A DISCUSSION OF FACTORS YOU SHOULD CAREFULLY CONSIDER
BEFORE DECIDING TO INVEST IN SHARES OF OUR COMMON STOCK
.
NEITHER THE SECURITIES AND EXCHANGE
COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED THESE SECURITIES, OR DETERMINED IF THIS PROSPECTUS IS
TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
The date of this prospectus is June 1, 2012.
3
TABLE OF CONTENTS
Prospectus Summary
5
Risk Factors
11
Use of Proceeds
11
Selling Stockholders
23
Plan of Distribution
25
Description of Securities to be Registered
27
Incorporation of Certain Information by Reference
29
Disclosure of Commission Position on Indemnification for Securities Act Liabilities
30
Part II
31
Item 13.
Other Expenses of Issuances and Distribution
31
Item 14.
Indemnification of Directors and Officers
31
Item 15.
Recent Sales of Unregistered Securities
31
Item 16.
Exhibits and Financial Statement Schedule
33
Item 17.
Undertakings
34
We have not authorized
any person to give you any supplemental information or to make any representations for us. You should not rely upon any information
about us that is not contained in this prospectus or in one of our public reports filed with the Securities and Exchange Commission
("SEC") and incorporated into this prospectus. Information contained in this prospectus or in our public reports may
become stale. You should not assume that the information contained in this prospectus, any prospectus supplement or the documents
incorporated by reference are accurate as of any date other than their respective dates, regardless of the time of delivery of
this prospectus or of any sale of the shares. Our business, financial condition, results of operations and prospects may have changed
since those dates. The selling stockholders are offering to sell, and seeking offers to buy, shares of our common stock only in
jurisdictions where offers and sales are permitted.
4
SUMMARY
This summary highlights selected information
appearing elsewhere in this prospectus. While this summary highlights what we consider to be the most important information about
us, you should carefully read this prospectus and the registration statement of which this prospectus is a part in their entirety
before investing in our common stock, especially the risks of investing in our common stock, which we discuss later in "Risk
Factors," and our financial statements and related notes beginning on page 11.
Unless the context requires otherwise, the words "we," "us," "our," "Thwapr" and
the "Company" refer to Thwapr, Inc. Except as set forth in our financial statements, all share and per share date referred
to in this prospectus give retroactive effect to certain amendments to the terms of our Series A preferred stock effected on April
26, 2012.
Our Business
The Company is an early stage technology
company formed for the primary purpose of developing systems, applications and software that allow users and brands to share pictures
and video to mobile phone users regardless of device, platform or carrier. The Company has developed a mobile video sharing platform
that solves the problem of sending quality video content to and from mobile devices and from Websites to mobile devices.  Thwapr's
systems, applications and software allow users and brands to share pictures and video to mobile phone users regardless of device,
platform or carrier. Additionally, the Company expects to enable users to easily capture and share pictures and videos on their
phones with other mobile and desktop users and into social networks. The Company plans to derive revenues from banner and video
advertising on its mobile and desktop websites and from mobile media messaging fees from brand sponsors and content owners. The
Company also plans to sell premium services to users and brands via subscriptions and other fees. In December 2009, the Company
launched a public beta test of its service.
The Company launched its service in 2010
under the name Thwapr
TM
, a trademark owned by the Company. Thwapr has been in the developmental stage since inception,
and to date has not generated any meaningful revenues. The Company will not generate such revenues until a significant number of
users and brands have signed up for and are using the service. The effort to enter into agreements with brand names" has
been recently launched, and the Company's ability to achieve its full revenue potential will depend in major part on have
adequate working capital and personnel to launch a robust sales and marketing effort. The Company has recently suffered from a
significant working capital shortage and, despite receiving certain funding from new management, will require a significant infusion
of capital to achieve its business goals.
The technology underlying Thwapr's
product is complex, a significant amount of development expense has gone into creating its service infrastructure. To minimize
start-up costs, Thwapr only uses independent contractors for its activities and has no full-time employees and does not own any
real estate or personal property. For its research and development and other operations, Thwapr employs independent contractors
on a part-time and full-time basis. Thwapr expects to convert most of these independent contractors to employees over time as funding
becomes available. However, there can be no assurance that such funding will become available or if so, that it will be on terms
that are favorable to the Company and its stockholders.
Thwapr's business
is subject to a severe working capital shortage and several other significant risks, any of which could materially adversely affect
its business, operating results, financial condition and the actual outcome of matters as to which it makes forward-looking statements.
 (See Risk Factors.")
5
Recent
Developments
Line of Credit and Change in Management
.
On February 23, 2012, the Company entered
into a line of credit and restructuring purchase agreement (the Credit Agreement") with Ron Singh, the President and CEO
of the Company.
Under the terms of the Credit Agreement,
Mr. Singh agreed that he or his affiliates would make available to the Company a maximum $200,000 line of credit ("Line of
Credit") to be funded in installments over the next four months. The amount of the advances under the line of credit would
be used for working capital and to pay or reduce certain of the accounts payable and accrued expenses of the Company deemed to
be critical by an executive committee of the board of directors, consisting of Mr. Singh and Barry Hall, the Chief Financial Officer.
All advances under the Credit Agreement were evidenced by a 6% convertible secured note of the Company payable upon demand, and
all advances were secured by a first lien and security interest on all of the Company's assets. In addition, the holder of
the secured note may at any time elect to convert the note into shares of the Company's $0.0003 par value common stock at
an initial conversion price of $0.015 per share, subject to certain anti-dilution and other adjustments as set forth in the note.
As at the date of this Report, an aggregate of $125,000.00 has been advanced to the Company under the Line of Credit.
Under the terms of the Credit Agreement,
a consulting agreement between the Company and Universal Management, an affiliate of Bruce Goldstein, the former President and
CEO of the Company, was terminated. Mr. Singh became the President and CEO of the Company, replacing Mr. Goldstein. Mr. Goldstein
has also resigned as a member of the board of directors. Concurrently, Robert Rosenblatt resigned from the Board of Directors for
personal reasons.
Mr. Singh has been appointed to the Company's
board of directors as its Chairman. Two additional directors have also been appointed to the board of directors: Mr. Guriqbal Randhawa
and Mr. Gurmit Brar. As a result, the Company's board of directors now consists of five members.
Our Restructuring Plan
On March 23, 2012, the Company announced
a restructuring plan as part of the Company's efforts to achieve liquidity, avoid defaults under indebtedness that was due
and payable, and satisfy approximately $740,000 of additional debt, accounts payable and accrued expense obligations owed to certain
consultants, employees and vendors (the "Payables"), in addition to seeking to raise additional working capital, the
Company's management has commenced to implement a debt restructuring plan (the "Restructuring Plan").
As an initial step, Messrs. Kevir Kang,
an individual who previously loaned the Company an aggregate of $1,282,320, Ron Singh, the President and CEO of the Company, and
Barry Hall, Chief Financial Officer of the Company, who previously advanced approximately $117,463 to the Company, each agreed
to restructure the repayment of an aggregate of $1,664,847 (inclusive of accrued interest at 6% per annum) of cash loans and advances
made to the Company. Under the terms of the Restructuring Plan, each of these creditors were issued 6% convertible secured promissory
notes payable as to principal and accrued interest on June 30, 2013 (the "New Notes"), in lieu of existing indebtedness,
including the $200,000 Line of Credit which was previously payable on demand. The New Notes are secured as to repayment by a first
priority lien on all of the Company's assets and are convertible at any time by the holder(s) into shares of the Company's
common stock, $0.0003 par value per share (the common stock") at an initial conversion price of $0.015 per share, subject
to certain anti-dilution and other adjustments.
6
In addition to the issuance of the New
Notes, the Company's management is seeking to negotiate separate settlement and deferred payment arrangements with certain
of its creditors holding Company Payables. In some cases, the Company intends to offer such creditors payment of 80% of their payables
in the form of 6% Company notes payable on March 31, 2013, but subject to mandatory prepayment out of the net proceeds, if any,
received by the Company in connection with any one or more future financings, to the extent of such net proceeds that are in excess
of $1.5 million. The balance of such payment would be in the form of restricted shares of Company common stock which the Company
proposes to issue at $0.015 per share.
Shares to be Registered
Make Good Shares
In connection
with private placements of our common stock consummated in 2009 and 2010, we received a total of $2,963,500 from the issuance and
sale to 15 investors (none of whom is or was a direct or indirect officer, director or affiliate of the Company) of an aggregate
of 5,686,532 shares of common stock at prices ranging from $0.417 to $0.833 per share.
Under the terms of the securities
purchase agreement, in the event that we were to subsequently issue or sell other shares of our common stock (or securities convertible
into or exercisable for common stock) at prices below the prices paid by such investors, we are obligated to issue to the investors,
for no additional consideration, additional "make good" shares to retroactively adjust the per share purchase price
paid by them to the lowest price of common stock or common stock equivalents subsequently issued.
During
April 2012, we agreed to issue to such investors a total of 191,767,635 "make good" shares at a value of $0.015 per
share, and are seeking to register such shares under the registration statement of which this prospectus is a part. However, none
of the investors are permitted to receive or accept such additional "make good" shares if it would cause such investor
to beneficially own (within the meaning of Rule 13d-3 of the Securities Act of 1933, as amended) more than 9.99% of the Company's
outstanding common stock.
Consulting Shares
In May 2012, we issued an aggregate of
20,000,000 shares of our common stock to consultants for various consulting and business development advisory services they shall
provide to us. We agreed to register such shares pursuant to the related consulting agreement we entered into with each of these
consultants.
Each of these agreements are for an initial
term of 6 months and can be terminated by either party upon one week written notice. Pursuant to the consulting agreements, neither
consultant may solicit the Company's employees or induce any of the Company's suppliers or customers to cease doing business with
the Company for a period of one year after the term of the agreement; the consulting agreements also contain standard indemnification
provisions. The Company also agreed to reimburse each of the consultants for all reasonable business expenses incurred in connection
with the services they provide under the consulting agreement.
7
Changes in our Capital Structure.
In order to provide additional
authorized common stock following the issuance of the make good shares and the consulting shares, the holders of a majority
of our 106.1 million outstanding voting shares (including the holder of 34.2 million of the 46.9 million outstanding shares
of our Series A voting convertible preferred stock) approved, via written consent, an amendment to our articles of
incorporation to (i) increase the number of authorized shares of common stock from 300.0 million to 500.0 million shares, and
(ii) authorize our board of directors to designate the voting power of our outstanding Series A preferred stock regardless of
the equivalent voting ratio to common stock. In such connection and as disclosed in a previous filing with the Securities and
Exchange Commission ("SEC") (although the timing has been pushed back slightly), we shall file a Form 14C
information statement with the Securities and Exchange Commission and expect to mail such document to our shareholders in
June 2012 and, absent any extensive comment period with the SEC regarding such statement, file the amendment to our articles
of incorporation with the Secretary of State of the State of Nevada later that month or in early July.
On April 26, 2012, our board of directors,
with the consent of the holder of approximately 72% of our outstanding shares of Series A convertible preferred stock, amended
the certificate of designations of such preferred stock. As a result of such amendment,
·
until July 18, 2015, none of the shares of Series A Preferred Stock or shares of common stock into
which the Series A Preferred Stock may be converted, can be sold or otherwise transferred by the holder or any of such holder's
affiliates (other than to such affiliates or immediate family members or trusts established for the benefit of such family members);
·
each share of Series A Preferred Stock shall vote, together with our outstanding common stock,
at any meeting of shareholders or on any other matter requiring shareholder consent, on the basis of one vote per share of Series
A Preferred Stock; provided, that
upon the filing of an amendment to the Articles of Incorporation of
the Corporation permitting the board of directors to fix the number of votes to each outstanding share of Series A Preferred Stock
shall be entitled to cast, each share of Series A Preferred Stock shall have a number of votes equal to the number of shares of
Common Stock then issuable upon conversion of each share of Series A preferred stock; and,
·
a majority of the outstanding shares of Series A preferred stock will be able to amend the Designation.
The amended and restated designation became
effective as of April 26, 2012, the same day it was filed with Nevada's Secretary of State. As stated above however, the existing
voting rights shall not be changed until the Company receives approval to amend its Articles of Incorporation and files same with
Nevada's Secretary of State.
Risk Factors
The securities offered by this
prospectus are speculative and involve a high degree of risks associated with our business.  For more discussion of
these and other risk factors affecting us and our business, see the "Risk Factors" section beginning on page 11
of this prospectus.
8
THE OFFERING
Issuer
Thwapr, Inc.
common stock being offered by Selling Stockholders
Up to 211,767,635 shares of common stock
Selling Stockholders
Investors of our 2009 and 2010 private placements and two consultants
OTCBB Symbol
THWI
Risk Factors
The securities offered by this prospectus are speculative and involve a high degree of risk and should only be purchased by investors prepared to sustain a loss of their entire investment. See "Risk Factors" beginning on page 11
SUMMARY FINANCIAL DATA
The following summary financial data as
of December 31, 2011 and 2010 and for the quarter ended March 31, 2012 were derived from our financial statements. This information
is only a summary and does not provide all of the information contained in our financial statements and related notes. Please read
the "Management's Discussion and Analysis of Financial Condition and Results of Operations" beginning on page 26 of our Form 10-K/A for the fiscal year ended December 31, 2011 and page 22 of our Form 10-Q for the quarter ended March
31, 2012,  as well as our financial statements and related notes included therein.
Statement of Operations Data
:
For the year ended
December 31,
2011
2010
Net Revenues
$
33,338
$
4,492
Gross loss
(164,500
)
(11,779
)
Net Loss
(6,201,795
)
(12,681,777
)
For the quarter ended
March 31,
2012
2011
Net Revenues
$
16,975
$
508
Gross loss
(23,073
)
(47,469
)
Net Loss
(695,277
)
(2,409,394
)
9
Balance Sheet Data
:
As of
December 31,
2011
Balance Sheet Data:
Current assets
$
43,084
Total assets
55,493
Total current liabilities, net of debt discounts
2,264,905
Total liabilities, net of debt discounts
2,276,814
Total stockholders' deficit
(2,221,321
)
As of
March 31,
2012
Balance Sheet Data:
Current assets
$
61,662
Total assets
70,744
Total current liabilities, net of debt discounts
830,491
Total liabilities, net of debt discounts
2,369,706
Total stockholders' deficit
(2,298,962
)
NOTES REGARDING FORWARD-LOOKING STATEMENTS
The statements contained in this prospectus
that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933,
as amended, and Section 21E of the Exchange Act. These include statements about the Company's expectations, beliefs, intentions
or strategies for the future, which are indicated by words or phrases such as "anticipate," "expect," "intend,"
"plan," "will," "the Company believes," "management believes" and similar words
or phrases. The forward-looking statements are based on the Company's current expectations and are subject to certain risks,
uncertainties and assumptions. The Company's actual results could differ materially from results anticipated in these forward-looking
statements. All forward-looking statements included in this document are based on information available to the Company on the date
hereof, and the Company assumes no obligation to update any such forward-looking statements.
10
RISK FACTORS
Your investment in our securities involves
a high degree of risk.  You should carefully read and consider the risks set forth under the caption "Risk Factors"
in our Annual Report on Form 10-K/A for the fiscal year ended December 31, 2011, and any updates in our subsequent Quarterly Reports
on Form 10-Q, which are incorporated by reference in this prospectus, together with all of the other information appearing in this
prospectus or incorporated by reference in this prospectus, in light of your particular investment objectives and financial circumstances.
The risks and uncertainties we describe
are not the only ones we face.  If any of the events described actually occur, or if additional risks and uncertainties
not presently known to us or that we currently deem immaterial, materialize, then our business, financial condition, cash flows,
and operating results could be materially adversely affected.  As a result, the trading price of our common stock and
the value of the securities offered could decline, and you could lose a part or all of your investment.
USE OF PROCEEDS
We will not receive any net proceeds from
sales of shares of our common stock being registered for resale by the Selling Stockholders named in this prospectus.
MARKET FOR OUR COMMON STOCK, DIVIDENDS
AND
RELATED STOCKHOLDER INFORMATION
Since April 21, 2010 our common stock is
currently quoted on the OTCBB under the symbol "THWI". The following table sets forth the range of high and low bid prices
for our common stock during the periods indicated. The prices set forth below represent inter-dealer prices, which do not include
retail mark-ups and markdowns, or any commission to the broker-dealer, and may not necessarily represent actual transactions.
Quarter
    Ended:
common
    stock
High
Low
March 31, 2010
$
N/A
$
N/A
June 30, 2010
$
0.49
$
0.29
September 30, 2010
$
0.56
$
0.49
December 31, 2010
$
0.61
$
0.57
March 31, 2011
$
1.31
$
0.22
June 30, 2011
$
0.60
$
0.16
September 30, 2011
$
0.32
$
0.06
December 31, 2011
$
0.20
$
0.03
March 31, 2012
$
0.06
$
0.01
Record Holders
.
As of May 31, 2012, there were approximately 33 record holders of our common stock, which does not include common stock held in
"nominee" or "street" name.
Dividend Policy.
We have never declared or paid a cash dividend on our common stock and do not anticipate declaring
or paying cash dividends to shareholders in the foreseeable future.
11
Securities Authorized for Issuance Under
Equity Compensation Plans.
The following provides information concerning
compensation plans under which equity securities of the Company were authorized for issuance as of December 31, 2011:
Plan Category
Number of Securities to be
Issued Upon Exercise of
Outstanding Options,
Warrants and Rights
Weighted-Average
Exercise Price of
Outstanding Options,
Warrants and Rights
Number of Securities Remaining
Available for Future Issuance
Under Equity Compensation Plans
(Excluding Securities Reflected in
Column (a))
(a)
(b)
(c )
Equity Compensation plans approved by security holders
-
-
-
Equity Compensation plans not approved by security holders
36,000,000
$
0.13
36,000,000
Total
36,000,000
$
0.13
36,000,000
In October 2011 the Board of Directors
adopted the Thwapr, Inc. Equity Incentive Plan (the Plan") under which up to 72,000,000 million of common stock have been
reserved for issuance. As of December 31, 2011, 36,000,000 options (none of which have vested and 36,000,000 of which have not
yet vested) to purchase stock at $0.13 per share were outstanding and zero options were exercisable. Subsequent to December 31,
2011, 30,375,055 of these options were forfeited or cancelled.
12
BUSINESS
General
We are an early stage technology company
formed for the primary purpose of developing systems, applications and software that allow users and brands to share pictures and
video to mobile phone users regardless of device, platform or carrier. The Company has developed a mobile video sharing platform
that solves the problem of sending quality video content to and from mobile devices and from Websites to mobile devices.  Thwapr's
systems, applications and software allow users and brands to share pictures and video to mobile phone users regardless of device,
platform or carrier. Additionally, we expect to enable users to easily capture and share pictures and videos on their phones with
other mobile and desktop users and into social networks. We plan to derive revenues from banner and video advertising on its mobile
and desktop websites and from mobile media messaging fees from brand sponsors and content owners. The Company also plans to sell
premium services to users and brands via subscriptions and other fees. In December 2009, we launched a public beta test of the
service.
Thwapr has been in the developmental stage
since inception, and to date has not generated any meaningful revenues. We do not expect to generate such revenues until a significant
number of users and brands have signed up for and are using the service. The effort to enter into agreements with brand names"
has been recently launched, and our ability to achieve our full revenue potential will depend in major part on have adequate working
capital and personnel to launch a robust sales and marketing effort. We are currently suffering from a significant working capital
shortage and, despite receiving certain funding from new management, will require a significant infusion of additional capital to
achieve our business goals.
The technology underlying Thwapr's
product is complex, a significant amount of development expense has gone into creating its service infrastructure. To minimize
start-up costs, Thwapr only uses independent contractors for its activities and has no full-time employees and does not own any
real estate or personal property. For its research and development and other operations, Thwapr employs independent contractors
on a part-time and full-time basis. Thwapr expects to convert most of these independent contractors to employees over time as funding
becomes available. However, there can be no assurance that such funding will become available or if so, that it will be on terms
that are favorable to the Company and its stockholders.
Market Overview
While video and picture sharing on the
Internet have been around for some time now, the task can be cumbersome and frustrating on most mobile devices. Multiple carriers
and phone types with limited or no interoperability make this potentially powerful communications frustrating and difficult to
use. Compounding this problem is the continuing trend for mobile phone equipment manufacturers to offer new phones with additional
capabilities while the mobile phone carriers are enhancing their 3G (and soon 4G) networks to allow users to take advantage of
these capabilities. Additionally, users wishing to share videos from a camera phone are at times required to synchronize their
phones with a computer, making the process impossible while strictly mobile. As a result, the Company believes that the promise
of real-time video sharing is rarely realized.
13
MMS.
One possible
solution is the use of MMS (Multimedia Messaging Service) to send pictures and videos. MMS is a standard developed by the Open
Mobile Alliance, an industry consortium. MMS can be an effective way to send pictures from one person to another, but as the mobile
experience moves from photo to videos, and more importantly from point to point communication to social networks, MMS may begin
to encounter substantial scalability issues. MMS approaches sending of rich media with a lowest common denominator to provide a
video experience that will be common across handsets rather than providing the best possible experience a handset can provide.
More specifically, MMS does not work consistently for video and relies on the H.263 legacy video compression method (which is no
longer state of the art) which typically generates quarter screen resolution and which Thwapr believes is limited to just 176 x
144 pixels. Also, Thwapr's internal testing between different types of handsets and carriers, showed that MMS delivery failures
were frequent, in some cases approaching an 80% failure rate.
We also believe that MMS has other limitations,
including the fact that
·
MMS videos are generally limited in duration by file size;
·
an MMS file is not stored in The Cloud" and therefore is generally not accessed easily from
a personal computer;
·
MMS video generally does not include location information, also called a geotag," which we
believe can significantly enhance the social networking experience;
·
although possible, the process to post an MMS picture or video to social networking devices is
complicated for most users; and, the MMS standards cannot be changed easily, which means that even as new technologies are developed
for MMS, there are likely to be delays in enhancement, implementation and evolution of the technology.
Video on Mobile
Phones.
Most major manufacturers of mobile phones either already have, or plan to, deliver handsets with video capabilities
into the market, often with multiple tiers of devices with unique profiles. Dozens of companies have developed and continue to
maintain databases that capture the differences between handsets, at significant expense. Some of the hardware-related mobile video
considerations include:
·
High resolution color screens that can render a quality video experience in portrait or landscape
mode. Quality is determined by brightness, the ability to generate a high number of colors, and screen visibility indoors and outdoors.
Screen size also impacts the overall user experience;
·
Video tends to have little value without being accompanied by acceptable audio. A number of standard
and proprietary audio codes have been developed to achieve maximum quality with minimum network impact at the lowest cost
·
Handset based clients are required for streamed and downloaded video content. The variety of media
players -- and associated DRM schemes -- means phones can often only play formats that are supported by that player
Smartphones.
Smartphones have
emerged as a fast growing sector of the market, blending multi-media, data and internet access and mobile communications. Additionally,
Thwapr believes that the smartphone market, most of which by definition is media enabled, will be a growth market that will allow
carriers to add a variety of revenue streams attached to data and multi-media messaging. Thwapr also believes that as smartphones
continue to penetrate the market, demand for video sharing services will grow dramatically. Mobile phone equipment manufacturers
continue to offer new phones with additional capabilities, while the mobile phone carriers will need to enhance their 3G and soon
4G networks to allow users to take advantage of these capabilities.
14
Video and Picture
Sharing Approaches.
The current market is highly fragmented, with many companies and organizations offering service for the
mobile phone video and picture market. Generally, these services fall under five categories:
·
MMS, which was described earlier;
·
Mobile-to-Web, where mobile phone users post their pictures or videos on a Website to share with
others. This category has a number of participants, and there is little product differentiation between and among them;
·
Web-to-Mobile, when pictures or videos are posted on Websites and then shared to phones using an
open or proprietary application. This category may require a relationship with a carrier and also has a number of participants;
·
Proprietary Mobile-to-Mobile, where the user utilizes a proprietary application to send pictures
or video from one phone to another. A carrier relationship may be required for this service;
·
Open Mobile-to-Mobile, where no proprietary application is required, nor is a carrier relationship
While the entire market
is nascent, Thwapr believes that leaders will emerge based on their brand recognition, number or users in their network, ease of
use and financial resources. Additionally, many of these services are free while others charge a use or monthly fee. Others appear
to be focused on an advertising based model. At this time, the size of the market is indeterminable but is generally thought to
be growing and viable. Thwapr believes that the size and ultimate viability of the market will be based on the ease of use, cost
to use, adoption rate of smartphones and the acceptance of brands that mobile is a viable advertising medium.
Competition.
The industry for services and applications related to mobile phones is extremely competitive and fragmented but includes several
large companies with worldwide name brand recognition and substantial financial resources.   In attempting to attract users
to its proposed service, Thwapr will be competing with online providers of audio and video entertainment, web-based video channels,
social networking Internet sites and other similar businesses that compete for the general public's business in this market.
There can be no assurance that other companies will not develop technologies superior to Thwapr's technology, that new technologies
will not emerge that render Thwapr's technology obsolete or that a competing company or companies will not be able to capture
more market share than Thwapr due to name recognition and the expenditure of greater amounts for marketing and advertising. Moreover,
such brands as YouTube and Facebook have already begun a move to the mobile market.
Other competitors
include the following, segregated by their video and picture sharing approaches:
¨
Mobile-to-Web and Web-to-Mobile
: Flixwagon, Kyte, Zannel, TwitVid, Shozu, Livestream, Vidly, Viddy, Vlix, and TwitPic.
¨
Mobile-to-Mobile
: Qik, SocialCam
¨
Proprietary Mobile-to-Mobile
: Movius, LiveCast, Aylus Networks, and Knocking Live.
¨
Mobile Distribution for B2B
: Mogreet, VuClip, Kit Digital, NetBiscuits, Nelly Moser, and Ooyala Mobile.
15
Strategy
Thwapr is developing
mobile media services directly for the mobile phone industry. In addition, Thwapr plans for these services to allow its customers
to interact with a variety of other services available through the Internet, such as Facebook and Twitter. Today, Thwapr's
web browser application supports more than 300 mobile handsets with coverage planned to expand to thousands of handsets; the service
also runs on Macs and PCs. An extended set of native mobile phone applications are planned to optimize the capture and sharing
experience for Apple iPhone, iPad, Android, and Research in Motion OS, among others. Even though applications are expected to be
available, there is no need to download or install any additional software to receive Thwapr media.
Thwapr continues to
develop what it believes to be a seamless solution to the problem of video and picture sharing using mobile phones and devices.
Thwapr's service is expected to allow anyone with an Internet and picture or video enabled mobile phones to be able to both
send and receive these images regardless of technical sophistication. In the future, the service capabilities may also allow Thwapr's
customers to create their own personal media social networks, where members can share and communicate through rich media mostly
through their mobile phones. Thwapr's goal is to become the leading service for sharing pictures and video to mobile phones
- regardless of carrier or device - for brands and users alike.
In summary, Thwapr
plans for its service to provide the following innovations to its users:
·
Mobile technology for sending photos and videos directly to friends' mobile phones optimized
for socialization and communication amongst users;
·
Support the largest possible number of mobile carriers worldwide through Thwapr's adaptive
transcoding and delivery service, expecting to offer the ultimate in interoperability;
·
Support most WAP enabled camera phones, video phones, smartphones and full-featured browsers for
wide compatibility in video playback;
·
Require no applications to download for playback (
i.e.
, not limited to just smartphones
or phones running a certain operating system) or on-deck solutions requiring a user to have a certain phone or operating system;
and
·
Target to deliver industry leading ease of use so that if you can send an SMS, you can create your
own Thwapr channel.
Thwapr is expected
to make it easy to share pictures or video on mobile devices and to distribute this content into social networks. End-users can
share multimedia content with mobile family and friends, and brands can distribute content to mobile fans and consumers. Thwapr's
goal is to enable easy mobile picture and video sharing and conversations around content on a global basis supporting both consumers
and brands.
Thwapr believes that
mobile phones with text messaging and a data plan can automatically show a Thwapr picture or play a Thwapr video clip. Thwapr can
serve instant-play video to a phone dynamically using its cloud-based servers. A Thwapr user can shoot or select a picture or video
and email it to their Thwapr account. From Thwapr's mobile browser interface, a user can select one or more people with whom
to share the picture or video. Thwapr then sends the recipients a text message with a URL link in it, which enables the viewing
of the picture or the video. Thwapr users may also upload media content from a desktop computer such as a Mac or PC and share the
content to mobile users; likewise they can upload content from a native application platform (
i.e.
, Apple iPhone OS) and
share to those same users.
16
Recipients
of the video or picture do not need to sign-up, login, or even know that their phone has a media player to receive media content.
Thwapr determines mobile phone attributes that a user has based on a set of unique device detection processes. Thwapr deploys a
distributed database regarding how to serve pictures or video to each kind of phone.
Thwapr
delivers different types of video experiences based on phone type and can deliver such photos to all phones regardless of phone
type. For example, on an Apple iPhone, progressive download video is served; for a Blackberry Curve, streaming video is deployed;
on a Motorola RAZR, a 3GP download file is utilized, and on a legacy flip phone, an animated GIF preview may be shown. Users who
receive content can also post their Thwapr media into major social networks such as Facebook or Twitter.
Smartphone Apps.
One popular feature of Smartphones is the use of Apps." Apps, short for application software, are designed to help a user
perform specific tasks. Generally, Apps are downloaded by users from an app store directly on to their mobile phone. While the
Thwapr service does not require an App, Thwapr understands the desirability of having one. To that end, Thwapr has partnered with
a mobile app software developer to develop an App for the Apple iPhone. This App allows iPhone users to more easily and quickly
capture pictures and video and share this media with contacts in the iPhone address book via the Thwapr service. The App provides
additional features such a geotagging. In the future, Thwapr plans to have additional Apps developed for Smartphones using the
Android, RIM and Symbian mobile phone operating systems. This will be subject to the availability of funding and the relative take
up rates of the service on those platforms. As other Smartphones lead the market, Thwapr intends to create an App for same, assuming
funding is available.
Disadvantages of
Thwapr.
While Thwapr believes its approach to mobile video and picture sharing has many advantages over alternative approaches,
it does also have some disadvantages. First, to use the Thwapr service, the user must purchase a data plan from their service provider.
Second, Thwapr customers may be notified of their Thwapr service via text messaging. Should the user not have an unlimited data
plan, this could result additional usage charges. Finally, the current Thwapr service is a multi-step process and until we develop
applications for the service, some users may believe the process is too time consuming and complicated.
Revenues and Customers
General.
Thwapr
is expected to generate revenues from two primary sources: providing services to brands and content providers in which Thwapr is
paid to distribute branded videos and branded user experience to mobile phones and through advertising and sponsor supported distribution
of videos. Thwapr believes that it has the potential to achieve significant market penetration and growth since every user of the
product, by virtue of inviting or sharing with their friends to be part of their personal media network, could generate many additional
users for the Thwapr service. Thwapr believes that the branded business nature of its business model is essential to understanding
the potentially explosive growth of its services user base. While this potential exists, Thwapr has not yet experienced the material
growth of these branded relationships that evidences this potential without an experienced sales and marketing team. As a result,
the assumption for viral user acquisition remains untested at this time.
17
Advertising.
Thwapr's customers are expected to drive the opportunity for advertising insertions. Thwapr is designing its service interface
and workflow to maximize the use of ad insertions without becoming obtrusive. In the future, Thwapr may offer premium services
for which it will be able to charge the user directly. Finally, Thwapr expects to partner with brands that will sponsor the delivery
of pictures and videos and to charge a fee for delivering each unit of media. Thwapr's business model is expected to be principally
driven by the revenues of businesses and brands paying Thwapr for the distribution of video content to devices. Revenues from ads
can help the large volume of page-views generated by its users; Thwapr's unique ability to provide ad-insertions pre- and
post-roll, automatically transcoded to play on each target mobile device will further enhance revenue. Additionally, Thwapr has
identified sponsorship-advertising opportunities leveraging its ability to contextualize advertising around user profiles and geo-location
information. This combination of video insertion and contextualized targeted advertising should make Thwapr compelling to advertisers
targeting the mobile space. Thwapr also plans to offer premium services and ad-free services for monthly subscription levels. Thwapr
is currently surveying the market to determine what can be charged for such services; however, its immediate focus is on ad-insertions.
Thwapr is attempting
to monetize its users by building revenue opportunities into its products; to wit, by sharing a video with a nonuser. In this way,
the use can invite the nonuser to use Thwapr services. This viral model can potentially dramatically drive up the number of users,
and in turn, the page-views activated by these users. The potential for this revenue stream exists, but Thwapr has not yet reached
a stage where that potential has been validated. As a result, delivering on this potential contains significant risks, as discussed
in the Risk Factors" section of this document.
Sales and Distribution.
Thwapr intends to acquire new users of its service through strategic partnerships, targeted paid user acquisition campaigns and
the viral growth derived from social media.
Thwapr intends to
generate revenue from three sources: (a) recurring revenue from brands and content owners; (b) premium services; and (c) advertising.
We believe that there are five planned
distribution channels for Thwapr's services:
¨
Thwapr's mobile and desktop website;
¨
Partner and sponsor websites that will offer a Share To Phone" button, which accesses Thwapr's service and enables sending of partner content to partners users;
¨
Applications stores;
¨
Handset and carrier partnerships and bundling deals; and
¨
Third party applications which access Thwapr's Application Programmers Interface (API).
Pending Business
Relationship.
Thwapr currently distributes content for a variety of prospective customers in a test or trial mode in a variety
of vertical markets. This is a prototype service with no guarantee of future contracts or revenues. Thwapr is in various stages
of discussion and negotiations with a variety of entertainment and sports brands to provide mobile video distribution service to
these brands; the objective is to convert trial activity into permanent, revenue generating activity in 2012. At the date of this
Report, no definitive agreements have been signed and there can be no guarantee that any such definitive agreements with any of
these brands will be signed. Furthermore, Thwapr is exploring selling its products in foreign markets though joint venture, but
to date, no such agreements have been entered into.
18
Third Party Developers.
Thwapr also intends these services for third party developers: (a) a "Share To Phone" button which allows any website
to add Thwapr's services and (b) an Application Programmers Interface (API), which will allow third party smartphone application
developers to utilize our services from multiple platforms.
Technology
Thwapr is designed
to solve the problem of sharing multimedia content, particularly digital video from one mobile device user to one or many other
mobile devices. To successfully support interoperable multimedia sharing, Thwapr's platform must deal with a multitude of
file formats, bit rates, screen resolutions, interaction modes, and audio and video codes, all of which create complexity within
the framework of mobile video experience.
Transcoding.
Transcoding is the decoding and re-encoding of digital content from one video format to another. Transcoding is often necessary
to enable playback of media on different devices. Transcoding video is especially challenging because the sheer number of parameters
can make devices that support the same video standards" incompatible. When you add the complexities layered on top of the
devices from the carriers either for delivery, playback, interaction, and interoperability, the result is a very difficult technological
challenge. To better understand this complexity, and technical challenges, consider the process to track video content from creation
through the various paths that lead to consumption. Along the way, the content may need to be transcoded many times so that it
may be distributed over various networks and to a wide assortment of devices.
Interoperability
Issues.
Significant interoperability issues begin with the variables associated with simple home video, involving NTSC or PAL,
standard or widescreen video and competing next-generation high-definition formats. These issues increase dramatically when Internet
video is added with codecs such as Windows Media Video (WMV) and VC-1, H.264, DivX, On2's VP6, Sorenson 3 and Sorenson. Adding
to this complexity is the ongoing evolution of Flash video. Additional challenges result from content providers and device manufacturers
that optimize bit rates, resolutions and other parameters to balance video quality and download times. Finally, on the mobile side,
the thousands of different handset configurations in use today force specific unique video formats. In simplest terms, a single
piece of multimedia content might need to be transcoded to 100 variations (
i.e
., video bit rate, video frame rate, video
picture resolution, compression algorithm, audio sampling rate, audio bit depth, streaming, progressive download, and download,
among others) to guarantee playback across various mobile devices.
No service can mandate
that all content must be produced in a specific standard if they are dealing with User Generated Content (UGC) or mobile media
sharing. For UGC, there is a need to deal with the uncertainties associated with numerous end-user devices and multiple networks
with differing technical infrastructures and speeds. The approach used by most content aggregators to deal with this issue is pre-transcoding".
That is, the content aggregator ingests content and transcodes it into all of the proper formats a priori; only then is the content
distributed. This time-consuming process delays the posting of content and creates the need for massive amounts of hardware required
for the processing of the ingested video.
19
A great deal of content
is pre-transcoded. That is, content aggregators ingest content and transcode it into their chosen" format or formats; only
then is the content is put online. This can delay the posting of content for access by end-users. However the challenge of transcoding
takes on a new dimension when one considers the enormous volume of online content. Thwapr anticipates that volume will continue
to skyrocket in the coming years as consumption increases. With many individual sites taking in thousands upon thousands of videos
each day, there is a non-stop process, especially if the target is the myriad formats and codecs that target many of the top mobile
phones. This problem is exacerbated by the fact that the type and underlying formats of mobile phones are moving targets with a
high velocity of change. Transcoding in this context is already a complex process.
Transcoding Solution
.
The centerpiece of the Thwapr technology is a hybrid transcoding system. Thwapr's transcoding technology can detect, in real-time,
the handset, carrier and operating system of each destination device to determine mobile device attributes (video formats, screen
size and type, browser, operating system) and then delivers videos and photos individualized for each user's device and carrier
in real-time; this is combined with selective pre-transcoding for a small commonly used set of formats. The complete process utilizes
hybrid transcoding and adaptive rendering, a differentiator versus other approaches to mobile media sharing. Thwapr anticipates
that this seamless process will afford users a very easy to use service, while delivering the highest quality video and Web experience
that such user's phone can support. Thwapr's infrastructure integrates multiple databases, sourced commercially and via open
source, and updated on a regular basis to determine optimization parameters for the transcoding process. Ultimately, thousands
of devices and permutations of operating systems may have to be addressed in the Thwapr device optimization database. There can
be no assurance that Thwapr will be able to service all of the mobile phones that will be introduced into the market.
In
addition to a broadly accessible Web service, Thwapr plans to release native applications for major smartphone operating systems
such as Apple iPhone OS, Android, and Research in Motion OS; these applications are expected to optimize the Thwapr user experience
for capturing and sharing media.
Intellectual Property
Patents.
Thwapr
is developing unique intellectual property for its service. The centerpiece of the Thwapr technology is expected to be a process
that detects mobile device attributes (video formats, image formats, video capabilities, screen size, screen type (
i.e.
, touch vs. static), mobile web browser, operating system) and delivers videos and photos individualized for each user's device
and carrier in real-time. This process is covered by a provisional patent filing and Thwapr is expecting to leverage that into
a series of patent applications within the required statutory terms of the provisional patent filing. The Thwapr process utilizes
hybrid transcoding and adaptive rendering, key differentiators versus other approaches to mobile media sharing. Hybrid transcoding
combines pre-transcoding and real-time transcoding while adaptive rendering scales the end-user web experience from a simplistic
HTML web browser on a flip phone all the way up to a large screen multi-touch modern WebKit browser. This seamless process makes
it possible to achieve an extraordinary level of ease of use while delivering the highest quality video and Web experience that
each user's phone can support.
20
Key topic areas for
the Thwapr patents filed on September 21, 2010 include:
·
Email / SMS methods to enable adaptive multimedia upload and playback on mobile devices
·
Hybrid transcoding via pre-transcoding and on-demand transcoding
·
Automatic video compositing of adaptively transcoded media
·
Client multimedia playback, device rendering, and device interaction attribute detection
·
Adaptive device rendering for multimedia playback optimization
·
Adaptive download and playback including segmented file structures; and
·
Social networks and communication models for adaptively transcoded and played back media
In November 2011 certain amendments
to the patent applications were filed as final. There can be no guarantee that Thwapr will be awarded a patent on any or all of
the subject areas described above.
Thwapr will continue
to evaluate its business benefits in pursuing patents in the future.  Thwapr currently protects all of its development work
with confidentiality agreements with its engineers, employees and any outside contractors.  However, third parties may, in
an unauthorized manner, attempt to use, copy or otherwise obtain and market or distribute Thwapr's intellectual property
or technology or otherwise develop a product with the same functionality as its service. Policing unauthorized use of intellectual
property rights is difficult, and nearly impossible on a worldwide basis. Therefore, Thwapr cannot be certain that the steps it
has taken or will take in the future will prevent misappropriation of its technology or intellectual property, particularly in
foreign countries where it does business or where its service is sold or used, where the laws may not protect proprietary rights
as fully as do the laws of the United States or where the enforcement of such laws is not common or effective.
Trademarks
.
Thwapr has filed and received approval for trademarks on its company name Thwapr" and its taglines Get Your Moments Moving,"
and Share to PhoneMobilize and Monetize." There can be no assurance that Thwapr will receive trademark protection on any
future applications.
Regulation
We will be subject
to various federal, state and local laws that govern the conduct of our business, including state and local advertising, consumer
protection, credit protection, licensing, and other labor and employment regulations.  We do not anticipate that the costs
of complying with such regulations will have a material effect on our business or financial condition.
Employees
The Company currently
has no employees.  The Company engages the services of independent contractors to assist it with management in developing
our product and service offerings. We plan to engage full-time employees, including transferring some or all of these contractors
to employee status, as our business develops and when we obtain sufficient working capital.
21
Property
The Company's corporate office is
located at 410 S. Rampart Blvd, Ste. 390, Las Vegas, NV, telephone number (702) 726-6820. We currently rent approximately 200 square
feet through a lease which expires July 2012 for rent of $1,169 per month. Under the terms of the lease no rent is payable for
June or July.
Legal Proceedings
On March 27, 2012,
Bruce Goldstein and Universal Management, Inc. ("Universal") filed a summons and complaint against the Company in the
Supreme Court of the State of New York County of New York. This suit is based on an alleged breach of contract concerning Mr. Goldstein's
employment contract with the Company. Mr. Goldstein owns Universal, through which the Company engaged Goldstein to act as a consultant
and later President and CEO of the Company. Mr. Goldstein seeks damages in excess of $225,000. The Company and Mr. Goldstein are
in disagreement regarding the amounts owed him for past compensation. The Company also believes that it has substantial defense
to Mr. Goldstein's claims and intends to defend the suit vigorously. As this complaint was only recently served, the Company
has not yet taken further action and is discussing its options with outside counsel.
Other than the above
mentioned litigation matters, we are not a party to, nor is any of our property the subject of, any legal proceedings other than
ordinary routine litigation incidental to their respective businesses. There are no proceedings pending in which any of our officers,
directors or 5% shareholders are adverse to us in which they are taking a position or have a material interest that is adverse
to us.
From time to time,
we may be involved in litigation relating to claims arising out of our operations in the normal course of business.
Available Information
We are subject to
the informational requirements of the Securities Exchange Act of 1934 and, in accordance therewith, file reports and other information
with the SEC. Our reports and other information filed pursuant to the Securities Exchange Act of 1934 may be inspected and copied
at the public reference facilities maintained by the SEC at 100 F Street, N.E., Washington, D.C. 20549. Copies of such material
can also be obtained from the Public Reference Room of the SEC at 100 F Street, N.E., Washington, D.C. 20549, at prescribed rates.
The public may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. In addition,
the SEC maintains a Web site that contains reports and other information regarding registrants that file electronically with the
SEC. The address of the SEC's Web site is http://www.sec.gov.
We have filed with
the SEC a registration statement on Form S-1 under the Securities Act of 1933 with respect to the common stock offered hereby.
As permitted by the rules and regulations of the SEC, this prospectus, which is part of the registration statement, omits certain
information, exhibits, schedules and undertakings set forth in the registration statement. Copies of the registration statement
and the exhibits are on file with the SEC and may be obtained from the SEC's Web site or upon payment of the fee prescribed
by the SEC, or may be examined, without charge, at the offices of the SEC set forth above. For further information, reference
is made to the registration statement and its exhibits.  Information located on, or accessible through, our website is
not incorporated into this filing unless this filing specifically indicates otherwise.
22
SELLING STOCKHOLDERS
Other than as described below, none of
the Selling Stockholders nor any of their affiliates has held any position or office with, been employed by or otherwise has had
any material relationship with us or our affiliates during the three years prior to the date of this prospectus.  Unless
otherwise indicated below, none of the Selling Stockholders are broker-dealers or affiliates of a broker-dealer within the meaning
of Section 3 of the Securities Exchange Act.
This prospectus relates to the offering
and sale, from time to time, of up to 211,767,635 shares of our common stock held by the stockholders named in the table below.
We are registering the shares of common stock in order to permit the selling stockholders to offer the shares for resale from time
to time.
The table below lists the selling stockholders
and other information regarding the beneficial ownership (as determined under Section 13(d) of the Securities Exchange Act of 1934,
as amended, and the rules and regulations thereunder) of our common stock with respect to the securities held by each of the selling
stockholders.
The second column lists the number of shares
of common stock beneficially owned by each of the selling stockholders as of May 31, 2012. As of such date, we had 285,942,152
shares of common stock outstanding. The selling stockholders may sell all, some or none of their shares in this offering.  See
"Plan of Distribution."
The third column lists the shares of common
stock being offered by this prospectus by the selling stockholders. The fourth column lists the remaining shares owned by each
selling stockholding assuming the sale of all of the shares offered by the selling stockholders pursuant to this prospectus.
We estimate that our costs and expenses
of registering the shares listed herein for resale will be approximately $20,000.
23
Registered
Name
Address
Maximum
Number of
Shares to be
Sold
Number of
Shares
Beneficially
Owned
After
Offering *
Percentage
Ownership
After Offering
Harbinder Sidhu
27686 Signal Court Abbotsford, BC,
    Canada
22,686,134
-0-
0
%
Sun City Cherries LTD (1)
475a Lakeshore Road, Kelowna B.C. Canada, V1W 4H6
21,809,999
-0-
0
%
Rajwinder Kang
796 E. 29th St. North Vancouver, BC Canada  V7K 1B4
32,936,667
-0-
0
%
Jagdish Johal
68 Sherwood Rise, NW Calgary, Alberta, Canada, T3R 1P5
642,667
-0-
0
%
Oliver Fruit House (2)
1290 McKenzie Road, Kelowna, BC Canada, V1P 1C4
19,280,000
-0-
0
%
Castro Development (3)
7488 Government Road, Burnaby, B.C., Canada V5A 2C6
17,895,333
-0-
0
%
Norberto De Castro
7488 Government Road, Burnaby, B.C, Canada V5A 2C6
3,213,333
-0-
0
%
Ravdeep Johal
10520 Westminster Hwy, Richmond, B.C., Canada V6X1B2
23,730,319
-0-
0
%
Balbir Kang
260 West 5 Street, North Vancouver, B.C., Canada V7M 1K1
23,568,000
-0-
0
%
Meena Gill
#704 - 821 Cambie Street Vancouver, B.C. Canada
17,963,416
-0-
0
%
Stewart Hayashi
1138 Jefferson Avenue, West Vancouver, B.C. Canada V7T 2A8
1,606,667
-0-
0
%
Nick Parente
7940 Government Road. Burnaby, B.C. Canada, V5A 2E2
899,733
-0-
0
%
Mindful Consulting (4)
2425 S. Fillmore St.  Denver, CO 80210
803,333
-0-
0
%
Cameron Taylor
3533 West 39th Avenue, Vancouver, B.C. V6N3A4
818,333
-0-
0
%
Lou Viani
5351 Parker Street, Burnaby, B.C. Canada
1,571,200
-0-
0
%
Ted Massey
7881 112 A Street, Delta, B.C., Canada, V4C 4Y4
546,667
-0-
0
%
Randy Wong
1583 Spyglass Crest, Delta, B.C., Canda, V4M 4E6
1,795,833
-0-
0
%
Opima Capital Inc.(5)
The Matalon at Coney Drive, Suite 404, Belize City, Belize
10,000,000
-0-
0
%
Nymyx Asset Management Inc.(6)
#207 - 1425 Marine Drive, West Vancouver, BC Canada
10,000,000
-0-
0
%
Total
211,767,635
-0-
0
%
*
Since we do not have the
ability to control how many, if any, of their shares each of the selling shareholders listed above will sell, we have assumed
that the selling shareholders will sell all of the shares offered herein for purposes of determining how many shares they will
own after the offerings and their percentage of ownership following the offerings.
24
(1)
Mr. Gordon Sandhu, President has voting and investment control over the securities held by Sun
City Cherries Ltd. Mr. Sandhu disclaims beneficial ownership of these securities.
(2)
Mr. Harbhajan Sandhu, President has voting and investment control over the securities held by Oliver
Fruit House. Mr. Sandhu disclaims beneficial ownership of these securities.
(3)
Mr. Norberto de Castro, President has voting and investment control over the securities held by
Castro Development. Mr. Castro disclaims beneficial ownership of these securities.
(4)
Ms. Judy Herm, Trustee has voting and investment control over the securities held by Mindful Consulting.
Ms. Herm disclaims beneficial ownership of these securities.
(5)
Mr. Lennox Ong, Director has voting and investment control over the securities held by Opima Capital
Inc. Mr. Ong disclaims beneficial ownership of these securities.
(6)
Mr. Gregory Barnham, Director has voting and investment control over the securities held by Nymyx
Asset Management Inc. Mr. Barnham disclaims beneficial ownership of these securities.
Except as otherwise indicated above or
in the footnotes to the table, the selling stockholders have not held any position or office or had any material relationship with
us within the past three years and possess sole voting and investment power with respect to the shares shown.
PLAN OF DISTRIBUTION
We are registering 211,767,635 shares of
our common stock under the registration statement of which this prospectus is a part.
We will bear all fees and expenses incident
to our obligation to register the shares of common stock.
The selling stockholders may sell all or
a portion of the shares of common stock beneficially owned by them and offered hereby from time to time directly or through one
or more underwriters, broker-dealers or agents.  If the shares of common stock are sold through underwriters or broker-dealers,
the selling stockholders will be responsible for underwriting discounts or commissions or agent's commissions.  The shares
of common stock may be sold in one or more transactions at fixed prices, at prevailing market prices at the time of the sale, at
varying prices determined at the time of sale, or at negotiated prices.  These sales may be effected in transactions,
which may involve crosses or block transactions,
1)
on any national securities exchange or quotation service on which the securities may be listed
or quoted at the time of sale;
2)
in the over-the-counter market;
3)
in transactions otherwise than on these exchanges or systems or in the over-the-counter market;
4)
through the writing of options, whether such options are listed on an options exchange or otherwise;
5)
ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;
6)
block trades in which the broker-dealer will attempt to sell the shares as agent but may position
and resell a portion of the block as principal to facilitate the transaction;
7)
purchases by a broker-dealer as principal and resale by the broker-dealer for its account;
8)
an exchange distribution in accordance with the rules of the applicable exchange'
9)
privately negotiated transactions;
10)
short sales;
25
11)
sales pursuant to Rule 144;
12)
broker-dealers may agree with the selling security holders to sell a specified number of such shares
at a stipulated price per share;
13)
a combination of any such methods of sale; and,
14)
any other method permitted pursuant to applicable law.
If the selling stockholders effect such
transactions by selling shares of common stock to or through underwriters, broker-dealers or agents, such underwriters, broker-dealers
or agents may receive commissions in the form of discounts, concessions or commissions from the selling stockholders or commissions
from purchasers of the shares of common stock for whom they may act as agent or to whom they may sell as principal (which discounts,
concessions or commissions as to particular underwriters, broker-dealers or agents may be in excess of those customary in the types
of transactions involved).  In connection with sales of the shares of common stock or otherwise, the selling stockholders
may enter into hedging transactions with broker-dealers, which may in turn engage in short sales of the shares of common stock
in the course of hedging in positions they assume.  The selling stockholders may also sell shares of common stock short
and deliver shares of common stock covered by this prospectus to close out short positions and to return borrowed shares in connection
with such short sales.  The selling stockholders may also loan or pledge shares of common stock to broker-dealers that
in turn may sell such shares.
The selling stockholders may pledge or
grant a security interest in some or all of the shares owned by them and, if they default in the performance of their secured obligations,
the pledgees or secured parties may offer and sell the shares of common stock from time to time pursuant to this prospectus or
any amendment to this prospectus under Rule 424(b)(3) or other applicable provision of the Securities Act of 1933, as amended,
amending, if necessary, the list of selling stockholders to include the pledgee, transferee or other successors in interest as
selling stockholders under this prospectus.  The selling stockholders also may transfer and donate the shares of common
stock in other circumstances in which case the transferees, donees, pledgees or other successors in interest will be the selling
beneficial owners for purposes of this prospectus.
The selling stockholders and any broker-dealer
participating in the distribution of the shares of common stock may be deemed to be "underwriters" within the meaning
of the Securities Act, and any commission paid, or any discounts or concessions allowed to, any such broker-dealer may be deemed
to be underwriting commissions or discounts under the Securities Act.  At the time a particular offering of the shares
of common stock is made, a prospectus supplement, if required, will be distributed which will set forth the aggregate amount of
shares of common stock being offered and the terms of the offering, including the name or names of any broker-dealers or agents,
any discounts, commissions and other terms constituting compensation from the selling stockholders and any discounts, commissions
or concessions allowed or reallowed or paid to broker-dealers.
Under the securities laws of some states,
the shares of common stock may be sold in such states only through registered or licensed brokers or dealers.  In addition,
in some states the shares of common stock may not be sold unless such shares have been registered or qualified for sale in such
state or an exemption from registration or qualification is available and is complied with.
There can be no assurance that any selling
stockholder will sell any or all of the shares of common stock registered pursuant to the registration statement, of which this
prospectus forms a part.
26
The selling stockholders and any other
person participating in such distribution will be subject to applicable provisions of the Securities Exchange Act of 1934, as amended,
and the rules and regulations thereunder, including, without limitation, Regulation M of the Exchange Act, which may limit the
timing of purchases and sales of any of the shares of common stock by the selling stockholders and any other participating person.  Regulation
M may also restrict the ability of any person engaged in the distribution of the shares of common stock to engage in market-making
activities with respect to the shares of common stock.  All of the foregoing may affect the marketability of the shares
of common stock and the ability of any person or entity to engage in market-making activities with respect to the shares of common
stock.
We will pay all expenses of the registration
of the shares of common stock pursuant to the registration statement of which this prospectus is a part, estimated to be $20,000
in total, including, without limitation, Securities and Exchange Commission filing fees and expenses of compliance with state securities
or "blue sky" laws; provided, however, that a selling stockholder will pay all underwriting discounts and selling commissions,
if any.  We may be indemnified by the selling stockholders against civil liabilities, including liabilities under the
Securities Act, that may arise from any written information furnished to us by the selling stockholder specifically for use in
this prospectus, in accordance with the related registration rights agreement, or we may be entitled to contribution.
Once sold under the registration statement, of which this prospectus
forms a part, the shares of common stock will be freely tradable in the hands of persons other than our affiliates.
DESCRIPTION OF SECURITIES
Common Stock
As of May 31, 2012, our authorized capital
consists of 300,000,000 shares of common stock , $0.0003 par value per share and 50,000,000 shares of preferred stock, $0.0001
par value, of which 47,061,636 are designated as Series A Preferred Stock.   As of May 31, 2012, there were 59,094,129
shares of our common stock outstanding and 46,961,636 shares of our Series A Preferred Stock outstanding.
The holders of our common stock:
·
Have equal ratable rights to dividends from funds legally available therefore, when, as and if
declared by our Board of Directors;
·
Are entitled to share ratably in all of our assets available for distribution to holders of common
stock upon liquidation, dissolution or winding up of our affairs;
·
Do not have pre-emptive, subscription or conversion rights and there are no redemption or sinking
fund provisions or rights; and
·
Are entitled to one non-cumulative vote per share on all matters on which stockholders may vote.
The shares of common stock are not subject
to any future call or assessment and all have equal voting rights. There are no special rights or restrictions of any nature attached
to any of the common shares and they all rank at equal rate or " pari passu," each with the other, as to all benefits,
which might accrue to the holders of the common shares. All registered stockholders are entitled to receive a notice of any general
annual meeting to be convened by our Board of
Directors.
27
At any general meeting, subject to
the restrictions on joint registered owners of common shares, on a showing of hands every stockholder who is present in
person and entitled to vote has one vote, and on a poll every stockholder has one vote for each shares of common stock of
which he is the registered owner and may exercise such vote either in person or by proxy. To the knowledge of our management,
at the date hereof, our officers and directors are the only persons to exercise control, directly or indirectly, over more
than 10% of our outstanding common shares. See "Security Ownership of Certain Beneficial Owners and
Management."
Holders of shares of our common stock do
not have cumulative voting rights, which means that the holders of more than 50% of the outstanding shares, voting for the election
of directors, can elect all of the directors to be elected, if they so choose, and, in such event, the holders of the remaining
shares will not be able to elect any of our directors.
Preferred Stock
The board of
directors has created a series of Series A preferred stock consisting of 47,061,636 shares of which
46,961,636
shares
are issued and outstanding. Each share of Series A preferred stock is convertible into 6.5 fully paid and nonassessable shares
of common stock, subject to adjustment. However, holders cannot sell or otherwise transfer, excepted for limited circumstances,
the Series A preferred stock until the earlier of:
x) July 18, 2015; or (y) the occurrence of a Change in Control, as defined
in the Certificate of Designation of the Relative Rights and Preferences of the Series A Preferred Stock. All outstanding shares
of Series A Preferred Stock shall automatically convert upon a Change in Control of the Company.
The
Series A Preferred Stock shall vote together with the common stock and not as a separate class. The Series A Preferred Stock
shall initially vote only on a share for share basis with the common stock on any matter, including but not limited to the
election of directors, until the Company has filed an amendment to its Articles of Incorporation with the Nevada Secretary of
State amending the Articles of Incorporation to provide that the Board may designate the voting power of the preferred stock,
if any, regardless of the equivalent voting ratio to common stock.
Upon the effective date of the Amendment each share
of Series A Preferred Stock shall have a number of votes equal to the number of shares of common stock then issuable
upon conversion of each share of Series A Preferred Stock.  The Board approved this amendment on April 26, 2012
and obtained, via written consent, from a majority of its outstanding voting securities. The Company shall file a Schedule
14C information statement with the Securities and Exchange Commission and once effective, file the amendment with the
Secretary of State of the State of Nevada to effectuate such amendment.
The Series A preferred stock has no preemptive
rights. The Series A preferred stock will not accrue dividends. However, in the event that any dividends are paid on our common
stock, the holders of Series A preferred stock shall share with the holders of common stock on an as converted basis in such dividends.
In the event of any liquidation or dissolution
of the Company, subject to the preferred rights of any other senior series of Preferred Stock, if any, the Series A Preferred Stock,
on a common stock equivalent basis, shall participate with the common stock with respect to any distributions of available funds
and assets
.
28
Transfer Agent
The transfer agent for our common stock is Island Stock Transfer,
Clearwater, Florida.
Interest of Named Experts and Counsel
The validity of the securities offered
hereby have been passed upon for us by Hunter, Taubman Weiss LLP, New York, New York.  The financial statements as of
and for the years ended December 31, 2011 and 2010 included in this prospectus and in the registration statement have been audited
by
Rose, Snyder & Jacobs LLP
, an independent registered public accounting firm, as stated
in their report appearing herein.
INCORPORATION OF CERTAIN INFORMATION
BY REFERENCE
The SEC's rules allow us to incorporate
by reference information into this prospectus. This means that we can disclose important information to you by referring you to
another document. Any information referred to in this way is considered part of this prospectus from the date we file that document.
Any reports filed by us with the SEC after the date of this prospectus and before the date that the offering of the securities
by means of this prospectus is terminated will automatically update and, where applicable, supersede any information contained
in this prospectus or incorporated by reference in this prospectus.
We incorporate by reference into this prospectus
the following documents or information filed with the SEC (other than, in each case, documents or information deemed to have been
furnished and not filed in accordance with SEC rules):
1.
Annual Report on Form 10-K/A for the fiscal year ended December 31, 2011, filed with the SEC on
June 1, 2012 (Commission File No. 000-53640);
2.
Annual Report on Form 10-K for the fiscal year ended December 31, 2011, filed with the SEC on April
16, 2012 (Commission File No. 000-53640);
3.
Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2012, filed with the SEC
on May 21, 2012 (Commission File No. 000-53640);
4.
The Company's Current Report on Form 8-K, filed with the SEC on February 2, 2012 (Commission File
No. 000-53640);
5.
The Company's Current Report on Form 8-K, filed with the SEC on March 2, 2012 (Commission File
No. 000-53640);
6.
The Company's Current Report on Form 8-K, filed with the SEC on March 23, 2012 (Commission File
No. 000-53640);
7.
The Company's Current Report on Form 8-K, filed with the SEC on April 26, 2012 (Commission File
No. 000-53640).
All documents subsequently filed by the
Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold
or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference into this Registration
Statement and to be a part hereof from the date of filing of such documents; provided, however, that documents or information deemed
to have been furnished and not filed in accordance with Commission rules shall not be deemed incorporated by reference into this
Registration Statement. Any statement contained herein or in a document, all or a portion of which is incorporated or deemed to
be incorporated by reference herein, shall be deemed to be modified or superseded for purposes of this Registration Statement to
the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated
by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except
as so modified or amended, to constitute a part of this Registration Statement.
29
We will provide without charge to each
person, including any beneficial owner, to whom this prospectus is delivered, upon his or her written or oral request, a copy of
any or all documents referred to above which have been or may be incorporated by reference into this prospectus excluding exhibits
to those documents unless they are specifically incorporated by reference into those documents. You may request a copy of these
filings at no cost, by writing or calling us at the following address or telephone number:
THWAPR, INC.
410 S. Rampart Blvd. Ste. 390
Las Vegas, NV 89145
Attn: Barry Hall
(
702) 726-6820
DISCLOSURE OF COMMISSION POSITION ON
INDEMNIFICATION FOR SECURITIES ACT LIABILITIES
Insofar as indemnification for liabilities
arising under the Securities Act of 1933 may be permitted to our directors, officers and controlling persons pursuant to the foregoing
provisions, or otherwise, we have been advised that in the opinion of the SEC such indemnification is against public policy
as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment by us of expenses incurred or paid by one of our directors, officers or controlling persons
in the successful defense of any action, suit or proceeding) is asserted by that director, officer or controlling person in connection
with the securities being registered, we will, unless in the opinion of our counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether that indemnification by us is against public policy
as expressed in the Securities Act and will be governed by the final adjudication of that issue.
30
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
ITEM 13. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION
The following table sets forth the costs
and expenses, other than underwriting discounts and commissions, to be paid by the Registrant in connection with the issuance and
distribution of the common stock being registered. All amounts other than the SEC registration fee are estimates.
SEC Registration Fee
$
1,165
Printing and Engraving Expenses
$
2,000
Legal Fees and Expenses
$
10,000
*
Accounting Fees and Expenses
$
3,500
*
Miscellaneous
$
3,335
*
Total
$
20,000
*Estimated as permitted under Rule 511 of Regulation S-K
ITEM 14. INDEMNIFICATION OF DIRECTORS AND OFFICERS
Section 5 of our Bylaws provides that the
Company shall indemnify any person who was, or is threatened to be made, a party to a proceeding (as hereinafter defined) by reason
of the fact that he or she (i) is or was a director, officer, employee or agent of the Company, or (ii) while a director, officer,
employee or agent of the Company, is or was serving at the request of the Company as a director, officer, employee, agent or similar
functionary of another corporation, partnership, joint venture, trust or other enterprise, to the fullest extent permitted under
the Revised Statutes of the State of Nevada, as the same exists or may hereafter be amended. The rights conferred above shall not
be exclusive of any other right which any person may have or hereafter acquire under any statute, bylaw, resolution of stockholders
or directors, agreement or otherwise.
Insofar as indemnification for liabilities
arising under the Securities Act of 1933 may be permitted to directors, officers or persons controlling the registrant, pursuant
to the foregoing provisions, the Registrant has been informed that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable.
ITEM 15. RECENT SALES OF UNREGISTERED
SECURITIES
During the past three
years, we effected the following transactions in reliance upon exemptions from registration under the Securities Act as amended.
Unless stated otherwise; (i) that each of the persons who received these unregistered securities had knowledge and experience in
financial and business matters which allowed them to evaluate the merits and risk of the receipt of these securities, and that
they were knowledgeable about our operations and financial condition; (ii) no underwriter participated in, nor did we pay any commissions
or fees to any underwriter in connection with the transactions; (iii) the transactions did not involve a public offerings; and
(iv) each certificate issued for these unregistered securities contained a legend stating that the securities have not been registered
under the Act and setting forth the restrictions on the transferability and the sale of the securities.
31
On March 29, 2010, pursuant to the
closing of the Share Exchange Agreement between the Company (formerly known as Seaospa) and Thwapr, Inc., a Delaware
Corporation ("Thwapr Delaware"), to acquire all of the stock of Thwapr Delaware, the Company issued 142,676,508
shares of its common stock and warrants to acquire 12,181,363 shares of its common stock to the Thwapr Delaware Stockholders
in exchange for 100% of the issued and outstanding capital stock of Thwapr Delaware.  Immediately prior to the Exchange
Transaction, the Company had 14,609,754 shares of common stock issued and outstanding, subsequent to the stock split that
occurred in February 2011.  Immediately after the Exchange Transaction, the Company had 157,286,262 shares of common
stock issued and outstanding, of which 141,562,908 cannot be sold or traded (i) until June 9, 2012, if Thwapr has 10,000,000
registered users on such date, or (ii) upon a change of control of Thwapr.  Additionally, of the warrants outstanding,
10,950,003 shares of the underlying securities cannot be sold or traded (i) until June 9, 2012, if Thwapr has 10,000,000
registered users on such date, or (ii) upon a change of control of Thwapr. (All of these number of shares do not reflect the
3 for 1 stock split the occurred in February 2011). The shares were issued to accredited investors pursuant to the exemption
from registration provided by Section 4(2) of the Securities Act for issuances not involving any public offering.
In July 2009, the Company began an offering
to sell 2,500,000 shares of common stock at an offering price of $4.00 per share for an aggregate offering amount of $10,000,000.
In November 2009, the Company retroactively re-priced the stock offering to $1.25 per share and, as a result, issued additional
shares to investors who had previously purchased common stock so that the number of shares they received in connection with the
offering was equal to the amount of money invested divided by $1.25, with partial shares rounded up.  The effect of this re-pricing
was an increase to the number of shares of common stock sold from 168,500 to 539,200 at the time of the re-pricing.  In addition,
for every ten shares of common stock purchased the stockholder received one warrant convertible into one share of common stock
for five years at a price of $1.25 per share.  The weighted average number of common shares outstanding used to compute the
loss per share reflects the effect of the re-pricing. (These numbers of shares do not reflect the 3-for-1 stock split of February
2011). The shares were issued to accredited investors pursuant to the exemption from registration provided by Section 4(2) of the
Securities Act for issuances not involving any public offering.
On July 20, 2010, the Company entered into
another Exchange Offer Agreement with its five largest stockholders including the founders of the Company.  Pursuant
to this agreement, the Company issued 47,061,636 shares of Series A preferred stock in exchange for 141,184,908 shares of common
stock which were retired (these number of shares do not reflect the 3-for-1 stock split of February 2011). The shares were issued
to accredited investors pursuant to the exemption from registration provided by Section 4(2) of the Securities Act for issuances
not involving any public offering.
Pursuant
to private placements of common stock consummated in 2009 and 2010, the Company received a total of $2,963,500 in connection with
the issuance and sale to 15 investors (none of whom is or was a direct or indirect officer, director or affiliate of the Company)
of an aggregate of 5,686,532 shares of common stock at prices ranging from $0.417 to $0.833 per share. The shares were issued to
accredited investors pursuant to the exemption from registration provided by Section 4(2) of the Securities Act for issuances not
involving any public offering. On April 16, 2012, t
he Company issued to such investors an additional 191,767,635 shares
to these same investors as "make good" shares at a value of $0.015 per share.
32
On April 16, 2012, we issued an aggregate
of 20,000,000 shares to two of our consultants, pursuant to the respective consulting agreements we have with each such consultant.
The shares were issued in accordance with the exemption from the registration provisions of the Securities Act of 1933, as amended,
provided by Section 4(2) of such Act for issuances not involving any public offering.
ITEM 16.  EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
EXHIBITS
The following exhibits are filed as part of this registration
statement:
Number
Description
3.1
Articles of Incorporation of the Registrant, dated November 2, 2007, including all amendments to date (incorporated by reference to the Registrant's Form 8-K filed on April 2, 2010).
3.1a
Amendment to Articles of Incorporation (incorporated by reference to Exhibit 3.1(a) of the Registrant's Current Report on Form 8-K filed on April 21, 2010).
3.2
By-laws of the Registrant, dated November 2, 2007 (incorporated by reference to Exhibit 3.2 of Registrant's Registration Statement on Form S-1 filed on February 9, 2009).
4.1
Form of Stock Specimen (incorporated by reference to Exhibit 4.1 of Registrant's Registration Statement on Form S-1 filed on February 9, 2009).
4.2
Certificate of Designation of the Relative Rights and Preferences of the Series A Convertible Preferred Stock (incorporated by reference to Exhibit 3.1 of the Registrant's Form 8-K filed on July 21, 2010).
4.2
Amendment to the Certificate of Designation of the Relative Rights and Preferences of the Series A Convertible Preferred Stock (incorporated by reference to Exhibit 3.1 of the Registrant's Form 8-K filed on April 1, 2011).
4.3
Amended and Restated Certificate of Designation of the Relative Rights and Preferences of the Series A Convertible Preferred Stock (incorporated by reference to Exhibit 4.1 of the Registrant's Form 8-K filed on April 26, 2012).
4.4
2011 Stock Option Plan (incorporated by reference to Exhibit 99.1 of the Registrant's Form 8-K filed on October 26, 2011).
10.1
Share Exchange Agreement, dated March 5, 2010 by and among Seaospa, Inc., certain stockholders of Seaospa, Inc., Thwapr, Inc., and certain stockholders of Thwapr, Inc (incorporated by reference to Exhibit 2.1 of the Registrant's Form 8-K filed on March 9, 2010).
10.2
Addendum No. 1 to July 20, 2009 Exchange Offer Agreement, dated February 2010, by and among Thwapr, Inc. and the stockholders listed therein (incorporated by reference to the Registrant's Form 8-K filed on April 2, 2010).
10.3
Form of Warrant to Purchase common stock of Thwapr, Inc. (incorporated by reference to the Registrant's Form 8-K filed on April 2, 2010).
10.4
Form of Indemnification Agreement for the officers and directors of Seaospa, Inc. (incorporated by reference to the Registrant's Form 8-K filed on April 2, 2010).
10.5
Registration Rights Agreement, dated March 29, 2010, by and among Seaospa, Inc. and the stockholders listed therein. (incorporated by reference to the Registrant's Form 8-K filed on April 2, 2010).
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10.6
Exchange Offer Agreement dated July 20, 2010, made by and between the Company and certain Stockholders (incorporated by reference to the Registrant's Form 8-K filed on July 21, 2010).
10.7
Line of Credit and Restructuring Agreement between the Company and Ron Singh (incorporated by reference Exhibit 10.1 on the Registrant's Form 8-K filed on March 2, 2012).
10.8
6% Secured Convertible Notes issued to Kevir Kang, Ron Singh and Barry Hall (incorporated by reference to Exhibit 10.1 of the Registrant's Form 8-K filed on March 23, 2012).
10.9
Form of Offer Letter to certain holders of Company Payables (incorporated by reference to Exhibit 10.2 of the Registrant's Form 8-K filed on March 23, 2012).
10.10
Form of letter to potential holders of Make Good Shares (incorporated by reference to Exhibit 10.3 of the Registrant's Form 8-K filed on March 23, 2012).
10.11
Consulting Agreement with Nymex Asset Management Inc. (Filed herewith.)
10.12
Consulting Agreement with Opima Capital, Inc. (Filed herewith).
14.1
Code of Ethics, adopted May 4, 2010 (incorporated by reference to the Registrant's Form 8-K dated May 6, 2010).
23.1
Consent of Hunter, Taubman & Weiss (Filed herewith.)
23.2
Consent of Rose Snyder & Jacobs LLP. (Filed herewith.)
ITEM 17. UNDERTAKINGS
The undersigned registrant hereby undertakes:
(1)           To
file, during any period in which offers or sales are being made pursuant to this Registration Statement, a post-effective amendment
to this registration statement:
(i)           to
include any prospectus required by Section 10(a)(3) of the Securities Act of 1933.
(ii)          to
reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set
forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if
the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high
end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule
424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering
price set forth in the "Calculation of Registration Fee" table in the effective registration statement.
(iii)        to
include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement
or any material change to such information in this Registration Statement.
(2)          That,
for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed
to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.
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(3)          To
remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the
termination of the offering.
(4)          The
undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each
filing of the Registrant's annual report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (and,
where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Securities Exchange
Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide offering thereof.
(5)          Insofar
as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the Registrant pursuant to the foregoing provisions described in Item 15 above, or otherwise, the Registrant has been
advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed
in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities
(other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant
in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection
with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by
controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against
public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act of
1933, the Registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Las Vegas, State of Nevada on June 1, 2012.
THWAPR, INC.
By:
/s/ Ron Singh
Name:
Ron Singh
Title:
CEO and Chairman
Pursuant to the requirements of the Securities
Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/ Ron Singh
President, Chief Executive Officer,
        and Director
June 1, 2012
RON SINGH
(Principal Executive Officer)
/s/ Barry Hall
Chief Financial Officer
June 1, 2012
BARRY HALL
(Principal Financial Officer and
Principal Accounting Officer) and Director
/s/ Guriqbal Randhawa
Director
June 1, 2012
GURIQBAL RANDHAWA
/s/ Gurmit Brar
Director
June 1, 2012
GURMIT BRAR
/s/ Leonard Dreyer
Director
June 1, 2012
LEONARD DREYER
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