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Monday, 05/21/2012 10:42:44 PM

Monday, May 21, 2012 10:42:44 PM

Post# of 1964
ITEM VII. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8510051

A) MAJOR SHAREHOLDERS

The information as to shares beneficially owned, not being within the knowledge of the Company, has been furnished by the respective individuals. The Company’s major shareholders do not have different voting rights. There are no arrangements known to the Company which may, at a subsequent date, result in a change in control of the Company.

The following persons hold, of record or beneficially, directly or indirectly, or are known by the Company to own beneficially, directly or indirectly, more than 5% of the issued shares of the Company as at December 31, 2011:

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