EQUITY INCENTIVE PLAN

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements

NOTE I - EQUITY INCENTIVE PLAN

The Company’s 2009 Equity Incentive Plan (the “Plan”) allows for the issuance of options to purchase, and other stock-based awards of, up to 5,000,000 shares of the Company’s common stock to selected employees, outside directors and consultants of Quamtel, Inc. and its affiliates, at the sole discretion of, and with terms determined by, the Company’s Board of Directors.  All of the 5,000,000 shares issuable under the Plan have been registered on a Form S-8 registration statement filed with the SEC on November 9, 2009.  No options have been granted under the Plan through December 31, 2011, however, awards totaling 4,994,000 shares of the Company’s registered common stock have been granted under the Plan.