10-Q
2012-09-30
false
LAS VEGAS RAILWAY EXPRESS, INC..
0001405227
--03-31
131996882
Smaller Reporting Company
Yes
No
No
2013
Q2
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<!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'><b>(1) Organization and basis of presentation</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'><b>Basis of Financial Statement Presentation</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'>The accompanying Condensed Consolidated Financial Statements of Las Vegas Railway Express, Inc. (the "Company") should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended March 31, 2012. Significant accounting policies disclosed therein have not changed except as noted below. Operating results for the period ended September 30, 2012 are not necessarily indicative of the results that may be expected for the year ending March 31, 2013. As used in these Notes to the Condensed Consolidated Financial Statements, the terms the "Company", "we", "us", "our" and similar terms refer to Las Vegas Railway Express, Inc. and, unless the context indicates otherwise its consolidated subsidiaries. Significant accounting policies disclosed therein have not changed except as noted below.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'>These financial statements have been presented in accordance with the rules governing a smaller reporting company for both periods of September 30, 2012 and 2011.</p>
<!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b> (2) Summary of Significant Accounting Policies:</b> <b>                                                                         </b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>Going Concern:</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'>The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As shown in the accompanying financial statements, the Company has net loss from continuing operations of $1,441,037 for the six months ended September 30, 2012 and an accumulative deficit of $12,584,143 through September 30, 2012. Although a substantial portion of the Company’s cumulative net loss is attributable to discontinued operations, management believes that it will need additional equity or debt financing to implement the business plan. These matters raise substantial doubt about the Company’s ability to continue as a going concern.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'>The Company estimates that it will need to obtain a minimum of $80-90MM in additional capital to begin operations of its planned train service. The Company intends to seek to raise these funds through the public or private sale of equity and/or debt securities. There has been an agreement signed with nationally recognized investment banker but there is no assurance such funding will be available on terms acceptable to the Company, or at all. If the Company succeeds in raising such funds, it intends to use them for railcar purchase, design, refurbishment and outfitting, Las Vegas depot design and construction, lease payments, UP and BNSF mileage fees, salaries and other professional fees and also information technology and corporate infrastructure development. As a part of the capital raise approximately $56MM will be paid to Union Pacific Railroad to procure operating rights for the company on the UP route between Daggett, CA and Las Vegas, NV.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'>The accompanying financial statements do not include any adjustments related to the recoverability and classification of assets and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><b>                                                                                </b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><b>Intangible Assets:</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'>Goodwill represents the excess of purchase price over tangible and other intangible assets acquired less liabilities assumed arising from business acquisitions.  Goodwill is not amortized, but is reviewed for potential impairment on an annual basis at the reporting unit level. On March 31, 2012, as required by the Intangible topic of Financial Accounting Standards Board Accounting Standards Council (“FASB ASC”), the Company conducted an analysis of the goodwill determined on January 21, 2010 with the acquisition of LVRE, Nevada. For the fiscal year ending March 31, 2012, our valuation assessment for impairment found that due to the continued progress toward the measurement goals of the business plan that there is no impairment of Goodwill in the Company’s financials.  As of September 30, 2012 and March 31, 2012 the Company had recorded Goodwill of $843,697.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>Basic and Diluted Loss Per Share:</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'>In accordance with FASB ASC 260, “Earnings Per Share,” the basic loss per common share is computed by dividing net loss available to common stockholders after reducing net income by preferred stock dividend, by the weighted average common shares outstanding during the period. Diluted earnings per share reflect per share amounts that would have resulted if diluted potential common stock had been converted to common stock. Common stock equivalents have not been included in the earnings per share computation for the three months ended September 30, 2012 and 2011 as the amounts are anti-dilutive.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><b>Stock Issued for Services:</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'>FASB ASC 718 <i>“Compensation - Stock Compensation”</i> prescribes accounting and reporting standards for all stock-based payments award to employees, including employee stock options, restricted stock, employee stock purchase plans and stock appreciation rights, may be classified as either equity or liabilities. The Company should determine if a present obligation to settle the share-based payment transaction in cash or other assets exists. A present obligation to settle in cash or other assets exists if:</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'>(<i>a</i>) the option to settle by issuing equity instruments lacks commercial substance or (<i>b</i>) the present obligation is implied because of an entity’s past practices or stated policies. If a present obligation exists, the transaction should be recognized as a liability; otherwise, the transaction should be recognized as equity.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'>The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of FASB ASC 505-50 <i>“Equity - Based Payments to Non-Employees.”</i> Measurement of share-based payment transactions with non-employees shall be based on the fair value of whichever is more reliably measurable: (<i>a</i>) the goods or services received; or (<i>b</i>) the equity instruments issued. The fair value of the share-based payment transaction should be determined at the earlier of performance commitment date or performance completion date.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>New Accounting Pronouncements:</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'>The Company has determined that the adoption of any proposed accounting pronouncements will not have an impact on the consolidated financial statements, as the Company does not currently have any such arrangements with its customers.</p>
<!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'><b>(3) Notes payable:</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:8.65pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'> A summary of notes payable is as follows:</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> <table border="0" cellspacing="0" cellpadding="0" width="558" style='margin-left:58.5pt;border-collapse:collapse'> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="82" colspan="2" valign="bottom" style='width:61.65pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:1.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>September 30,</p> </td> <td width="10" valign="bottom" style='width:7.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="82" colspan="2" valign="bottom" style='width:61.65pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:1.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>March 31,</p> </td> <td width="10" valign="bottom" style='width:7.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="82" colspan="2" valign="bottom" style='width:61.65pt;border:none;border-bottom:solid black 1.5pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:1.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>2012</p> </td> <td width="10" valign="bottom" style='width:7.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="82" colspan="2" valign="bottom" style='width:61.65pt;border:none;border-bottom:solid black 1.5pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:1.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>2012</p> </td> <td width="10" valign="bottom" style='width:7.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>Notes payable - discontinued operations</b></p> </td> <td width="15" valign="bottom" style='width:11.55pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="82" colspan="2" valign="bottom" style='width:61.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:1.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="82" colspan="2" valign="bottom" style='width:61.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:1.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="82" colspan="2" valign="bottom" style='width:61.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:1.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="82" colspan="2" valign="bottom" style='width:61.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:1.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Secured promissory notes, dated June 25, 2008, to two</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>$</p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>-</p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>$</p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>126,005</p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>investors, bearing interest at 10% per annum, payable</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>September 1, 2010.</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="440" colspan="4" valign="bottom" style='width:329.7pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:3.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Unsecured promissory notes payable dated October 1, 2009</p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>bearing interest at 10% per annum, payable September 1, 2010</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;border:none;border-bottom:solid black 1.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;border:none;border-bottom:solid black 1.5pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>-</p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;border:none;border-bottom:solid black 1.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;border:none;border-bottom:solid black 1.5pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>22,055</p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;border:none;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;border:none;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;border:none;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;border:none;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Notes included in liabilities from discontinued operations</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;border:none;border-bottom:double black 4.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>$</p> </td> <td width="72" valign="bottom" style='width:.75in;border:none;border-bottom:double black 4.5pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>-</p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;border:none;border-bottom:double black 4.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>$</p> </td> <td width="72" valign="bottom" style='width:.75in;border:none;border-bottom:double black 4.5pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>148,060</p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr style='height:5.85pt'> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0;height:5.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0;height:5.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;border:none;background:#CCEEFF;padding:0;height:5.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;border:none;background:#CCEEFF;padding:0;height:5.85pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0;height:5.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0;height:5.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;border:none;background:#CCEEFF;padding:0;height:5.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;border:none;background:#CCEEFF;padding:0;height:5.85pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0;height:5.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>Notes payable - current operations</b></p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Unsecured promissory note, dated April 4, 2011, to</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>an investor bearing interest at 8% per annum, payable on</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr style='height:15.3pt'> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0;height:15.3pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>April 4, 2012</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0;height:15.3pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0;height:15.3pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>$</p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0;height:15.3pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>                   -</p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0;height:15.3pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0;height:15.3pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0;height:15.3pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>$</p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0;height:15.3pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>100,000 </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0;height:15.3pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>- </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Secured promissory notes, dated May 17, 2011 through</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>May 17, 2012 to an investor bearing interest at 8%</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>per annum, payable on May 17, 2012</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>13,333 </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>13,333 </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>-</p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Secured promissory note, dated August 15, 2011, to an</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr style='height:16.65pt'> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0;height:16.65pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>investor, bearing interest at 10% per annum, payable</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0;height:16.65pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0;height:16.65pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0;height:16.65pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0;height:16.65pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0;height:16.65pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0;height:16.65pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0;height:16.65pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0;height:16.65pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>February 11, 2012.</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>- </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>100,000 </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Secured promissory note, dated September 30, 2011, to</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>an investor bearing interest at 10% per annum, payable on</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>March 28, 2012</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>- </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>50,000 </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Secured promissory notes, dated October 8, 2011,</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>to three investors bearing interest at 10% per annum,</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>payable on April 10, 2012</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>-</p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>225,000</p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Secured promissory note, dated January 25, 2012, to</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>an investor bearing interest at 10% per annum, payable on</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>demand, convertible to common shares at $0.10 per share</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'><b>-</b></p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>100,000</p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Secured promissory note, dated February 24, 2012, to an</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="top" style='width:256.5pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:-5.4pt;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>investor bearing interest at 10% per annum, payable on</p> </td> <td width="15" valign="top" style='width:11.55pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="top" style='width:7.65pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="top" style='width:.75in;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="top" style='width:7.65pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="top" style='width:11.55pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="top" style='width:7.65pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="top" style='width:.75in;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" colspan="2" valign="top" style='width:7.65pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> </tr> <tr align="left"> <td width="342" valign="top" style='width:256.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:-5.4pt;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>demand, convertible to common shares at $0.10 per share</p> </td> <td width="15" valign="top" style='width:11.55pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="top" style='width:7.65pt;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="top" style='width:.75in;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>-</p> </td> <td width="10" valign="top" style='width:7.65pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="top" style='width:11.55pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="top" style='width:7.65pt;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="top" style='width:.75in;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>200,000</p> </td> <td width="10" colspan="2" valign="top" style='width:7.65pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> </tr> <tr align="left"> <td width="342" valign="top" style='width:256.5pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:-5.4pt;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="top" style='width:11.55pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="top" style='width:7.65pt;border:none;border-bottom:double windowtext 4.5pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>$</b></p> </td> <td width="72" valign="top" style='width:.75in;border:none;border-bottom:double windowtext 4.5pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'><b>13,333</b></p> </td> <td width="10" valign="top" style='width:7.65pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="top" style='width:11.55pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="top" style='width:7.65pt;border:none;border-bottom:double windowtext 4.5pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>$</p> </td> <td width="72" valign="top" style='width:.75in;border:none;border-bottom:double windowtext 4.5pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'><b>788,333</b></p> </td> <td width="10" colspan="2" valign="top" style='width:7.65pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> </tr> </table> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:8.65pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'>The Company is in default on notes payable made to investors that are included in liabilities to be disposed of.  As of September 30, 2012, there has been no demand made for repayment of the notes or accrued interest.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:8.65pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:8.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'>Short term financing included conversion provisions where at the option of the lender, all or any portion of the principal balance and accrued but unpaid interest is convertible into shares of the Company’s common stock at a conversion price per share, security or unit, as applicable, equal to 80% of the price per share for which shares of Common stock or other securities are sold and issued to purchaser in an Equity Financing.  For purposes of these notes, the Equity Financing means any sale by the Company of equity of convertible debt securities which yield at least $3 million in gross proceeds.  Pursuant to the guidance of FASB ASC 470-20 Debt with Conversion and Other Options, the conversion price discount is a beneficial conversion feature.  Following guidance on contingent beneficial conversion features in FASB ASC 470-20-35-3 the BCF is not recorded until the conversion actually occurs and that will determine the term of the amortization of the BCF.  The note payable for $13,333 consisted of proceeds of $10,000 and debt financing fee of $3,333.  The financing fee is included in other current assets and amortized as interest expense over the 12 month term of the loan.  </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:8.65pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:8.65pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'>Interest expense incurred under debt obligations amounted to $12,879 and $34,473, for the six months ended September 30, 2012 and 2011, respectively; and $2,326 and $24,636 for the three months ended September 30, 2012 and 2011, respectively.   </p>
<!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'><b>(5) Derivative Instruments:</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'>The Company accounts for debt with embedded conversion features and warrant issues in accordance with ASC 470: <i>Debt.</i> Conversion features determined to be beneficial to the holder are valued at fair value and recorded to additional paid in capital. The Company determines the fair value to be ascribed to the detachable warrants issued with the convertible debentures utilizing the <i>Black-Scholes</i> method. Any discount derived from determining the fair value to the debenture conversion features and warrants is amortized to financing cost over the life of the debenture. The unamortized discount, if any, upon the conversion of the debentures is expensed to financing cost on a pro rata basis.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'>Debt issue with the variable conversion features are considered to be embedded derivatives and are accountable in accordance with FASB 133; <i>Accounting for Derivative Instruments and Hedging Activities</i>. The fairs value of the embedded derivative is recorded to derivative liability. This liability is required to be marked each reporting period. The resulting discount on the debt is amortized to interest expense over the life of the related debt. For the six months ended September 30, 2012 and 2011, the Company had $40,262 and $40,262, respectively, associated with options and has recorded such expense on the Company’s statement of operations in Selling, General and Administrative. The options were vested in calculating stock based compensation, 80% and 60% for the periods ended September 30, 2012 and 2011.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'>The Company had approximately $40,262 and $80,524 of total unrecognized compensation cost related to unvested stock options at September 30, 2012 and March 31, 2012. This cost is being recognized over a weighted-average period of approximately 5 years. No options were exercised during the periods ended September 30, 2012 and 2011. </p>
<!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'><b>(6) Equity:</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'><u>Common Stock.</u> The Company is authorized to issue 200,000,000 shares of common stock and no other class of stock at this time. There were 129,546,882 and 48,653,530 shares of common stock outstanding as of September 30, 2012 and March 31, 2012, respectively. The holders of common stock are entitled to one vote per share on all matters submitted to a vote of stockholders and are not entitled to cumulate their votes in the election of directors. The holders of common stock are entitled to any dividends that may be declared by the Board of Directors out of funds legally available therefore subject to the prior rights of holders of any outstanding shares of preferred stock and any contractual restrictions we have against the payment of dividends on common stock. In the event of our liquidation or dissolution, holders of common stock are entitled to share ratably in all assets remaining after payment of liabilities and the liquidation preferences of any outstanding shares of preferred stock. Holders of common stock have no preemptive or other subscription rights and no right to convert their common stock into any other securities.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'>During the six months ended September 30, 2012 the Company issued, in a private placement, 45,640,000 shares of its common stock, for a total of $2,282,000.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'>During the six months ended September 30, 2012 the Company issued 14,140,995 shares of its common stock for debt in the aggregate amount of $932,050.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'>During the six months ended September 30, 2012 the Company issued 900,000 shares of its common stock for directors’ compensation and issued 1,000,000 shares of common stock for employment agreement. The fair value of the directors’ and employee’s service was determined by the closing price of the stock on date of issuance and board of director minutes authorizing the shares.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'>During the six months ended September 30, 2012, the Company issued 2,312,357 shares of its common stock for services.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'>During the six months ended September 30, 2012, the Company issued 900,000 shares of its common stock for warrants agreements.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'>On August 15, 2012 the Company issued 16,000,000 shares of its common stock for stock subscription payable as a remaining part of Las Vegas Railway Express’ Asset Purchase Agreement in the acquisition of railway assets in an effort to reduce the contingent liabilities on the Company’s balance sheet.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'> </p>
<!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'><b>(7)  Stock Option Plan:</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'>FASB ASC 718 <i>“Compensation - Stock Compensation”</i> prescribes accounting and reporting standards for all stock-based payments award to employees, including employee stock options, restricted stock, employee stock purchase plans and stock appreciation rights, may be classified as either equity or liabilities.   ASC 718 requires all share-based payments to employees, including grants of employee stock options, to be recognized in the income statement based on their fair values. Pro forma disclosure is no longer an alternative. As of September 30, 2012 and 2011, the Company has 20,000,000 and 20,000,000 outstanding employee stock options, respectively. </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'>We generally recognize compensation expense for grants of restricted stock units using the value of a share of our stock on the date of grant. We estimate the value of stock option grants using the Black-Scholes valuation model. Stock compensation is recognized straight line over the vesting period.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'>2011 Stock Option Plan provides for the grant of 20,000,000 incentive or non-statutory stock options to purchase common stock. Employees, who share the responsibility for the management growth or protection of the business of the Company and certain Non-Employee (“Selected Persons”), are eligible to receive options which are approved by a committee of the Board of Directors. These options vest over five years and are exercisable for a ten-year period from the date of the grant.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'>The fair value for these options was estimated at the date of grant, November 1, 2008 using a Black-Scholes option pricing model with the following weighted-average assumptions for an estimated 2.5 year term; risk free rate of 3.5%; no dividend yield; volatility factors of the expected market price of the Company’s common stock of (51%), the market value of the Company’s stock on grant date was $0.45.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'>At September 30, 2012, the Company had approximately $40,262 of total unrecognized compensation cost related to unvested stock options. This cost is expected to be recognized over a weighted-average period of approximately 1 year. No options were exercised during the quarters ended September 30, 2012 and 2011. </p>
<!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>(8) Subsequent Events:</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'>Subsequent to September 30, 2012, the Company issued 2,400,000 common shares for $120,000 and $25,000 payment on a consulting contract.</p>
<!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'><b>Basis of Financial Statement Presentation</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'>The accompanying Condensed Consolidated Financial Statements of Las Vegas Railway Express, Inc. (the "Company") should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended March 31, 2012. Significant accounting policies disclosed therein have not changed except as noted below. Operating results for the period ended September 30, 2012 are not necessarily indicative of the results that may be expected for the year ending March 31, 2013. As used in these Notes to the Condensed Consolidated Financial Statements, the terms the "Company", "we", "us", "our" and similar terms refer to Las Vegas Railway Express, Inc. and, unless the context indicates otherwise its consolidated subsidiaries. Significant accounting policies disclosed therein have not changed except as noted below.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'>These financial statements have been presented in accordance with the rules governing a smaller reporting company for both periods of September 30, 2012 and 2011.</p>
<!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>Going Concern:</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'>The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As shown in the accompanying financial statements, the Company has net loss from continuing operations of $1,441,037 for the six months ended September 30, 2012 and an accumulative deficit of $12,584,143 through September 30, 2012. Although a substantial portion of the Company’s cumulative net loss is attributable to discontinued operations, management believes that it will need additional equity or debt financing to implement the business plan. These matters raise substantial doubt about the Company’s ability to continue as a going concern.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'>The Company estimates that it will need to obtain a minimum of $80-90MM in additional capital to begin operations of its planned train service. The Company intends to seek to raise these funds through the public or private sale of equity and/or debt securities. There has been an agreement signed with nationally recognized investment banker but there is no assurance such funding will be available on terms acceptable to the Company, or at all. If the Company succeeds in raising such funds, it intends to use them for railcar purchase, design, refurbishment and outfitting, Las Vegas depot design and construction, lease payments, UP and BNSF mileage fees, salaries and other professional fees and also information technology and corporate infrastructure development. As a part of the capital raise approximately $56MM will be paid to Union Pacific Railroad to procure operating rights for the company on the UP route between Daggett, CA and Las Vegas, NV.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'>The accompanying financial statements do not include any adjustments related to the recoverability and classification of assets and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.</p>
<!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><b>Intangible Assets:</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'>Goodwill represents the excess of purchase price over tangible and other intangible assets acquired less liabilities assumed arising from business acquisitions.  Goodwill is not amortized, but is reviewed for potential impairment on an annual basis at the reporting unit level. On March 31, 2012, as required by the Intangible topic of Financial Accounting Standards Board Accounting Standards Council (“FASB ASC”), the Company conducted an analysis of the goodwill determined on January 21, 2010 with the acquisition of LVRE, Nevada. For the fiscal year ending March 31, 2012, our valuation assessment for impairment found that due to the continued progress toward the measurement goals of the business plan that there is no impairment of Goodwill in the Company’s financials.  As of September 30, 2012 and March 31, 2012 the Company had recorded Goodwill of $843,697.</p>
<!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>Basic and Diluted Loss Per Share:</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'>In accordance with FASB ASC 260, “Earnings Per Share,” the basic loss per common share is computed by dividing net loss available to common stockholders after reducing net income by preferred stock dividend, by the weighted average common shares outstanding during the period. Diluted earnings per share reflect per share amounts that would have resulted if diluted potential common stock had been converted to common stock. Common stock equivalents have not been included in the earnings per share computation for the three months ended September 30, 2012 and 2011 as the amounts are anti-dilutive.</p>
<!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'><b>Stock Issued for Services:</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'>FASB ASC 718 <i>“Compensation - Stock Compensation”</i> prescribes accounting and reporting standards for all stock-based payments award to employees, including employee stock options, restricted stock, employee stock purchase plans and stock appreciation rights, may be classified as either equity or liabilities. The Company should determine if a present obligation to settle the share-based payment transaction in cash or other assets exists. A present obligation to settle in cash or other assets exists if:</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'>(<i>a</i>) the option to settle by issuing equity instruments lacks commercial substance or (<i>b</i>) the present obligation is implied because of an entity’s past practices or stated policies. If a present obligation exists, the transaction should be recognized as a liability; otherwise, the transaction should be recognized as equity.</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal'>The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of FASB ASC 505-50 <i>“Equity - Based Payments to Non-Employees.”</i> Measurement of share-based payment transactions with non-employees shall be based on the fair value of whichever is more reliably measurable: (<i>a</i>) the goods or services received; or (<i>b</i>) the equity instruments issued. The fair value of the share-based payment transaction should be determined at the earlier of performance commitment date or performance completion date.</p>
<!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>New Accounting Pronouncements:</b></p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'> </p> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;text-align:justify;line-height:normal;text-autospace:none'>The Company has determined that the adoption of any proposed accounting pronouncements will not have an impact on the consolidated financial statements, as the Company does not currently have any such arrangements with its customers.</p>
<!--egx--><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-bottom:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> <table border="0" cellspacing="0" cellpadding="0" width="558" style='margin-left:58.5pt;border-collapse:collapse'> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="82" colspan="2" valign="bottom" style='width:61.65pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:1.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>September 30,</p> </td> <td width="10" valign="bottom" style='width:7.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="82" colspan="2" valign="bottom" style='width:61.65pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:1.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>March 31,</p> </td> <td width="10" valign="bottom" style='width:7.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="82" colspan="2" valign="bottom" style='width:61.65pt;border:none;border-bottom:solid black 1.5pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:1.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>2012</p> </td> <td width="10" valign="bottom" style='width:7.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="82" colspan="2" valign="bottom" style='width:61.65pt;border:none;border-bottom:solid black 1.5pt;padding:0'> <p align="center" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:1.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;line-height:normal;text-autospace:none'>2012</p> </td> <td width="10" valign="bottom" style='width:7.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>Notes payable - discontinued operations</b></p> </td> <td width="15" valign="bottom" style='width:11.55pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="82" colspan="2" valign="bottom" style='width:61.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:1.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="82" colspan="2" valign="bottom" style='width:61.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:1.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="82" colspan="2" valign="bottom" style='width:61.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:1.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="82" colspan="2" valign="bottom" style='width:61.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:1.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Secured promissory notes, dated June 25, 2008, to two</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>$</p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>-</p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>$</p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>126,005</p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>investors, bearing interest at 10% per annum, payable</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>September 1, 2010.</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="440" colspan="4" valign="bottom" style='width:329.7pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:3.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Unsecured promissory notes payable dated October 1, 2009</p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>bearing interest at 10% per annum, payable September 1, 2010</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;border:none;border-bottom:solid black 1.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;border:none;border-bottom:solid black 1.5pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>-</p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;border:none;border-bottom:solid black 1.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;border:none;border-bottom:solid black 1.5pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>22,055</p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;border:none;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;border:none;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;border:none;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;border:none;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Notes included in liabilities from discontinued operations</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;border:none;border-bottom:double black 4.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>$</p> </td> <td width="72" valign="bottom" style='width:.75in;border:none;border-bottom:double black 4.5pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>-</p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;border:none;border-bottom:double black 4.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>$</p> </td> <td width="72" valign="bottom" style='width:.75in;border:none;border-bottom:double black 4.5pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>148,060</p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr style='height:5.85pt'> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0;height:5.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0;height:5.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;border:none;background:#CCEEFF;padding:0;height:5.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;border:none;background:#CCEEFF;padding:0;height:5.85pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0;height:5.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0;height:5.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;border:none;background:#CCEEFF;padding:0;height:5.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;border:none;background:#CCEEFF;padding:0;height:5.85pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0;height:5.85pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>Notes payable - current operations</b></p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Unsecured promissory note, dated April 4, 2011, to</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>an investor bearing interest at 8% per annum, payable on</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr style='height:15.3pt'> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0;height:15.3pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>April 4, 2012</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0;height:15.3pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0;height:15.3pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>$</p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0;height:15.3pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>                   -</p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0;height:15.3pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0;height:15.3pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0;height:15.3pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>$</p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0;height:15.3pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>100,000 </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0;height:15.3pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>- </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Secured promissory notes, dated May 17, 2011 through</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>May 17, 2012 to an investor bearing interest at 8%</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>per annum, payable on May 17, 2012</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>13,333 </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>13,333 </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>-</p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Secured promissory note, dated August 15, 2011, to an</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr style='height:16.65pt'> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0;height:16.65pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>investor, bearing interest at 10% per annum, payable</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0;height:16.65pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0;height:16.65pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0;height:16.65pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0;height:16.65pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0;height:16.65pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0;height:16.65pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0;height:16.65pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0;height:16.65pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>February 11, 2012.</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>- </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>100,000 </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Secured promissory note, dated September 30, 2011, to</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>an investor bearing interest at 10% per annum, payable on</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>March 28, 2012</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>- </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>50,000 </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Secured promissory notes, dated October 8, 2011,</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>to three investors bearing interest at 10% per annum,</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>payable on April 10, 2012</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>-</p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>225,000</p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Secured promissory note, dated January 25, 2012, to</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>an investor bearing interest at 10% per annum, payable on</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>demand, convertible to common shares at $0.10 per share</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'><b>-</b></p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>100,000</p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:#CCEEFF;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:#CCEEFF;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="bottom" style='width:256.5pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>Secured promissory note, dated February 24, 2012, to an</p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="bottom" style='width:11.55pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="bottom" style='width:.75in;background:white;padding:0'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="bottom" style='width:7.65pt;background:white;padding:0'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="4" style='border:none;padding:0'><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%'> </p></td> </tr> <tr align="left"> <td width="342" valign="top" style='width:256.5pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:-5.4pt;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>investor bearing interest at 10% per annum, payable on</p> </td> <td width="15" valign="top" style='width:11.55pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="top" style='width:7.65pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="top" style='width:.75in;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="top" style='width:7.65pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="top" style='width:11.55pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="top" style='width:7.65pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="top" style='width:.75in;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" colspan="2" valign="top" style='width:7.65pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> </tr> <tr align="left"> <td width="342" valign="top" style='width:256.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:-5.4pt;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>demand, convertible to common shares at $0.10 per share</p> </td> <td width="15" valign="top" style='width:11.55pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="top" style='width:7.65pt;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="top" style='width:.75in;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>-</p> </td> <td width="10" valign="top" style='width:7.65pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="top" style='width:11.55pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="top" style='width:7.65pt;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="72" valign="top" style='width:.75in;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'>200,000</p> </td> <td width="10" colspan="2" valign="top" style='width:7.65pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> </tr> <tr align="left"> <td width="342" valign="top" style='width:256.5pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:-5.4pt;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="top" style='width:11.55pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="top" style='width:7.65pt;border:none;border-bottom:double windowtext 4.5pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'><b>$</b></p> </td> <td width="72" valign="top" style='width:.75in;border:none;border-bottom:double windowtext 4.5pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'><b>13,333</b></p> </td> <td width="10" valign="top" style='width:7.65pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="15" valign="top" style='width:11.55pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> <td width="10" valign="top" style='width:7.65pt;border:none;border-bottom:double windowtext 4.5pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'>$</p> </td> <td width="72" valign="top" style='width:.75in;border:none;border-bottom:double windowtext 4.5pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right;line-height:normal;text-autospace:none'><b>788,333</b></p> </td> <td width="10" colspan="2" valign="top" style='width:7.65pt;background:#CCEEFF;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;margin-top:0in;margin-right:.8pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace:none'> </p> </td> </tr> </table>
-1441037
-12584143
$80-90MM
843697
126005
22055
148060
100000
13333
100000
50000
225000
100000
200000
13333
788333
0.8000
3000000
13333
10000
3333
12879
34473
2326
24636
40262
40262
80%
60%
80524
5
200000000
129546882
48653530
45640000
2282000
14140995
932050
900000
1000000
2312357
900000
16000000
20000000
20000000
20000000
five years
ten-year
0.0350
0.5100
0.45
40262
1
2400000
120000
25000
0001405227
2012-04-01
2012-09-30
0001405227
2012-11-05
0001405227
2012-09-30
0001405227
2012-03-31
0001405227
2012-07-01
2012-09-30
0001405227
2011-07-01
2011-09-30
0001405227
2011-04-01
2011-09-30
0001405227
2011-03-31
0001405227
2011-09-30
0001405227
2012-08-15
iso4217:USD
shares
iso4217:USD
shares
pure