According to Heavy.com:
Dave Branch has replaced Alexandre Ferreira (who pulled out of the fight due to the floods in Brazil) and will face Brazilian submission machine Rousimar Palhares at UFC on Versus 3.
Sources close to the organization informed Heavy.com of the news on Wednesday morning.
Mar 3rd, live on Versus from Louisville, Kentucky:
Dave Branch (8-1)
Win Rich Attonito - Decision (Unanimous)TUF 12 Finale
Win Tomasz Drwal - Decision (Unanimous) UFC FN 22
Loss Gerald Harris - KO (Slam) UFC 116
Rousimar "Toquinho" Palhares (11-3)
Loss Nate Marquardt - TKO (Punches) UFC FN 22
Win Tomasz Drwal - Submission (Heel Hook) UFC 111
Win Lucio Linhares - Submission (Heel Hook) UFC 107