X0303 4 2009-12-29 1 0001355304 HEALTHY FAST FOOD INC HFFI 0000704159 PAULSON CAPITAL CORP 811 SW NAITO PARKWAY SUITE 200 PORTLAND OR 97204 0 0 0 1 See Footnote (1) 0000897686 PAULSON JACQUELINE M 811 SW NAITO PARKWAY SUITE 200 PORTLAND OR 97204 0 0 0 1 See Footnote (1) 0000898196 PAULSON CHESTER L F 811 SW NAITO PARKWAY SUITE 200 PORTLAND OR 97204 0 0 0 1 See Footnote (1) Underwriter Warrants (Right to buy Common Stock and Wnts) 6.12 2009-12-29 4 J 0 23500 0.00 D 2009-03-19 2013-03-19 Common Stock and Warrants 94000 306000 I See Footnote Form filed by more than one reporting person. In addition to Paulson Capital Corp. ("PLCC"), the following are reporting parties: Chester L.F. Paulson, Jacqueline M. Paulson, Paulson Family LLC ("LLC") and Paulson Investment Company, Inc. ("PICI"). These reporting parties collectively owned over 10% prior to the transactions reported on this Form 4. The address for each of the reporting parties is the same as that provided for PLCC. PICI is a registered broker-dealer and a wholly owned subsidiary of PLCC. Mr. and Mrs. Paulson are controlling managers of the LLC, which is a controlling shareholder of PLCC, which is the parent company of PICI. Mr. and Mrs. Paulson and the LLC expressly disclaim any beneficial ownership of securities held in the name of PLCC and PICI. The underwriter warrants surrendered on December 29, 2009 were returned to the issuer for cancellation without consideration. Carol A. Rice, Authorized Agent for Paulson Capital Corp. 2009-12-31 Carol A. Rice, Authorized Agent for Paulson Family LLC 2009-12-31 Carol A. Rice, Attorney-in-Fact for Jacqueline M. Paulson 2009-12-31 Carol A. Rice, Attorney-in-Fact for Chester L.F. Paulson 2009-12-31 Carol A. Rice, Authorized Agent for Paulson Investment Co., Inc. 2009-12-31