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Re: None

Monday, 05/21/2012 10:11:45 PM

Monday, May 21, 2012 10:11:45 PM

Post# of 1964
Real brick and mortar address...no BS here...C) ORGANIZATIONAL STRUCTURE

As of December 31, 2011, the following is a list of all the Company’s subsidiaries, all of which are wholly owned and over which the Company holds 100% voting control:

Incorporating Date of Acquisition
Subsidiaries Ownership Jurisdiction or Incorporation

American Life Settlement Society LLC 100% State of Delaware, USA November 15, 2007
Spirit Yacht Charters Ltd. 100% British Columbia, Canada August 7, 2008

Properties

Office Leases

The Company is headquartered at Suite 180, 13040, No 2 Road, Richmond, B.C. Canada V7E 2G1where it rents approximately 1000 sq. ft. office space housing its principal corporate, accounting, and yacht charter operations.

The Company believes that its current facilities are adequate for its current administrative operations for the Spirit Yacht Charters and Life Settlement operations.

Motor Vessels

The Company owns a 120-foot Tri Level motor vessel called the MV Spirit of Two Thousand and Ten.

Item Qty Description
Spirit of Two Thousand and Ten 1 Type: 120 ft. motor vessel Overnight Accommodation: 12 passengers
Dinner cruise - 100 passengers

The Company owns and a 120 foot passenger carrying motor vessel MV Spirit of Two-Thousand-and-Ten. The vessel is for charter cruises to the Pacific Northwest, and Baja Mexico in addition to day and evening dinner cruises from its summer home port in Vancouver, B.C., and winter home port of Cabo San Lucas, Mexico.

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