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                    <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">e)&nbsp;&nbsp;</font></div>
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                    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">During
      the nine months ended September 30, 2009, the Company issued 45,000,000
      shares of Class A common stock with a fair value of $67,500 to an
      individual to reduce a promissory note in the amount of $14,400. The
      difference in the market value and the promissory note reduction was
      charged to beneficial interest in the amount of
  $53,100.</font></div>
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<div><font>e)  </font></div>
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<div><font>During
      the nine months ended September 30, 2009, the Company issued 45,000,000
      shares of Class A common stock with a fair value of $67,500 to an
      individual to reduce a promissory note in the amount of $14,400. The
      difference in the market value and the promissory note reduction was
      charged to beneficial interest in the amount of
  $53,100.</font></div>
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