NOTES RECEIVABLE

9 Months Ended

Sep. 30, 2011

NOTES RECEIVABLE

NOTES RECEIVABLE

NOTE 6 - NOTES RECEIVABLE

Notes Receivable – Related Parties

The following is a summary of amounts due from related parties, including accrued interest separately recorded, as of September 30, 2011:

Related party	Nature of relationship	Terms of the agreement	Principal	Interest
H.E.B., LLC, a Nevada  limited liability company	Scott Haire is the managing member of HEB.	Unsecured $500,000 line of credit due on demand  with interest rate of 10% per annum.   Line available as of September 30, 2011 is $75,464.	$424,536	$40,634
Commercial Holding AG, LLC	Commercial Holding AG, LLC has provided  previous lines of credit to affiliates of VHGI.	Unsecured note with interest accrued at rate of 10% per annum and is due on demand.	75,000	23,771
MAH Holding, LLC	MAH Holding, LLC has provided previous lines of credit to affiliates of VHGI.	Unsecured note with interest accrued at a rate of 10% per annum and is due on demand.	-	11,392
TOTAL			$499,536	$75,797

Notes Receivable

The following is a summary of amounts due from unrelated parties, including accrued interest separately recorded, as of September 30, 2011:

Notes Receivable	Terms of Agreement	Principal	Interest
Private Access Note	The Company sold the 1,500,000 note receivable to WMT in the asset disposition described in Note 5 “Asset Dispositions”	$              -	$       151,868
2nd Q Lily Note, convertible	One year note with interest accrued at 10% per annum, convertible into 2.5% of fully diluted capital stock of Lily if acquisition described in Note 4 “Asset Acquisitions” does not occur by June 28, 2012.	500,000	12,603
3rd Q Lily Notes, convertible	One year notes with interest accrued at 10% per annum, convertible into 5.63% of fully diluted capital stock of Lily if acquisition described in Note 4 “Asset Acquisitions” does not occur by September 30, 2012.	1,125,000	7,055
Total		$1,625,000	$        171,526