Paychest Inc (PYCT)

[janice shell]

LOLOLOL!!

On April 27 2004 the Company executed a 200:1 forward stock split. The shares issued and price per
share have been retroactively adjusted to the following offering descriptions to give affect to the split.
The Company issued (a) 2,600,000,000 post-split common shares at a price of .0000806 cents per share
between November 23, 2003 and December 31, 2003 for services, (b) 3,154,300,000 post-split common
shares at an average price of $.00014012 per share between January 1, 2004 and December 31, 2004 in
reliance on the exemption provided by Rule 504 of the Securities Act of 1933 and received $454,055
cash, (c) 1,468,714,285 shares of common stock at an average price of $.0006736 per share between
January 1, 2004 and December 31, 2004 for services in reliance on the exemption provided by Rule 504
of the Securities Act of 1933