X0202 5 2006-12-31 0 0 0 0001086473 BANYAN CORP /OR/ BANY 0001288906 Gelmon Michael J 9 FISHERMAN'S POINT ELBOW VALLEY ROCKY VIEW MD NO. 44 CALGARY A0 T3Z 1B1 ALBERTA, CANADA 1 1 0 0 Chief Executive Officer Common 2006-02-15 5 J 0 3500000 .006 A 39623333 D Common 2006-02-15 5 X 0 L 6500000 .006 A 39623333 D Option to Buy .02 2006-02-15 5 A 0 L 15000000 .00 A 2006-02-15 2011-02-15 Common 15000000 39623333 D On February 15, 2006, the Reporting Person waived his annual bonus payable with respect to the Issuer's diagnostic testing business for 2005 valued at $21,000. On February 15, 2006, the Reporting Person exercised 6,500,000 options for services valued at $39,000. /s/ Michael Gelmon 2007-04-06