(b) Departure of Officer - Effective May 4, 2009, the Registrant’s interim COO agreement with Bootstrap Real Estate Investments, LLC expired. Under the agreement with Bootstrap, Mr. Todd Vande Hei, as the Managing Member of Bootstrap, performed the duties and responsibilities of chief operating officer for the Registrant. As a result of the expiration of the agreement, Mr. Vande Hei is no longer serving as the Registrant’s interim chief operating officer.
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