There are no pending legal proceedings against us that are expected to have a material adverse effect on our cash flows, financial condition or results of operations. On January 21, 2011, the Company entered into a consulting agreement with Juan Miguel Ríos Gutiérrez whereby Mr. Gutiérrez was appointed Chief Executive Officer at $5,000 per month for a term of indefinite period unless terminated by either party with sixty days advance written notice to the other party. On January 18, 2011, the Company entered into a Consulting Agreement (?Corcom Agreement?) with Corcom, Inc. (?Corcom?), pursuant to which Corcom is to provide certain administrative and related services including, but not limited to, accounting, coordination of annual audits and quarterly reviews, management and review of legal documentation and ensuring timely fulfillment of all regulatory filings. As consideration for the performance of the consulting services under the agreement, we agreed to pay Corcom the sum of US$2,000 per month for the duration of the agreement, exclusive of any applicable sales tax. The agreement is for an indefinite period unless terminated by either party with sixty days advance written notice to the other party. On July 15, 2011, the Corcom Agreement was replaced by an identical Consulting Agreement with Jamco Capital Partners Inc. On June 15, 2011, the Company entered into a Consulting Agreement (the ?Agreement?) with Mark E. Scott, whereby Mr. Scott will serve as Chief Financial Officer of the Company. Concurrently with the Company?s entrance into the Agreement, the Company entered into a Restricted Stock Award Agreement with Mr. Scott (the ?RSA?). Pursuant to the Agreement and in connection with his service as Chief Financial Officer of the Company, Mr. Scott will receive: (i) US $4,000 cash per month and (ii) shares of Company common stock equaling US $3,000 per month calculated on a monthly basis, such shares to be vested and issued quarterly (the ?Shares?). In accordance with the RSA, the determination of the numbe