X0202 5 2006-12-31 0 0 0 0001117045 Trycera Financial, Inc. TRYF 0001055029 CHERKAS RANDOLPH 7 LEEDS ROAD MOORESTOWN NJ 08057 1 0 0 0 Common stock, par value $.001 66667 D Options 0.75 2005-09-14 2014-09-14 Common stock 50000 50000 D Options 1 2006-09-14 2015-09-14 Common stock 50000 50000 D Options 1.43 2016-09-14 Common stock 50000 50000 D These options were granted September 14, 2006, of which 12,500 are available for exercise as of the date of this report. Vesting schedule: 1/4th of the total options granted at the end of each three-month period, which initial period shall commence on the day of the grant, and immediately in the event of a Corporate Transaction, as defined in the Issuer's Stock Option/Stock Issuance Plan of the Issuer. /s/ Randolph Cherkas 2007-01-29