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Re: vines3 post# 143447

Thursday, 05/22/2008 3:01:13 PM

Thursday, May 22, 2008 3:01:13 PM

Post# of 326351
"In connection with the Debenture, the Company (a) paid Forty-Four Thousand Dollars ($44,000) directly from the proceeds of the closing to Yorkville Advisors LLC ("Investment Manager") to compensate the Investment Manager for monitoring and managing the purchase and investment made by the Investor pursuant to the Investment Manager's existing advisory obligations to the Investor, (b) paid a nonrefundable structuring and due diligence fee to the Investment Manager equal to Fifteen Thousand Dollars ($15,000) directly from the proceeds of the closing and (c) issued a warrant for the Investor to purchase 7,500,000 shares of the Company's common stock at an exercise price of $0.0175 per share, which such warrant expires on May 16, 2015."

Yorkville / Cornell Tracking Board #board-9964


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