The officers and directors of Sooner Holdings resign,
effective upon Mr. Cunningham's and Mr. Kenan's receipt of
payment for the shares they have agreed to sell to Mr.
McKay.
Mr. McKay represents in the agreement that he has developed a business
plan (i) that will make a company, such as the registrant, a shareholder or
partner of the lead developer in the construction of extensions of the existing
monorail network in Las Vegas, Nevada that will connect to a to-be-built high-speed train line to southern California and (ii) that in addition, such
company will purchase an equity position in an associated real estate
development company that will capitalize on the opportunities of development
along and near to their transportation systems.
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