X0202 4 2007-12-28 0 0001058330 PSPP HOLDINGS INC PSPJ 0001430562 Airport Road Associates One, LLC 405 SCHOOLHOUSE LANE WAYNE PA 19087 0 0 1 0 Series A Preferred Stock 2007-12-28 4 P 0 100000 D 900000 D The Series A Preferred Stock is convertible at any time, at the holder's election, and has no expiration date. Prior to the transfer, the reporting person owned 1,000,000 shares of the Series A Preferred Stock, which are convertible into such number of shares of common stock that equals 51% of the outstanding common stock of the registrant immediately after the conversion. Additionally, the Series A Preferred Stock has voting rights on all matters submitted to stockholders equal to 66 2/3% of the total votes that can be cast. As a result of the transfer, the reporting person owns 900,000 shares of Series A Preferred Stock convertible into 45.9% of the outstanding common stock of the registrant immediately after the conversion, and has voting rights on all matters submitted to stockholders equal to 60.0% of the total votes that can be cast. Brian Gannon 2008-03-20