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11/03/10 3:36 PM

#106 RE: otcbloodhound #105

Note 5: Subsequent Events

Hunt Global Resources, Inc. Acquisition

The Company entered into an agreement to acquire the assets of Hunt Global
Resources, Inc. ("Hunt"), a Houston based company focused on the use of new
technologies to maximize the value of its natural resources projects. The
transaction is structured in the form of a reverse merger where the shareholders
of Hunt will receive in excess of 90% of the issued and outstanding stock of
Company when the transaction is complete. As a result of the transaction, Hunt
will acquire all of the outstanding assets and liabilities of the Company.

The transaction contemplates the issuance of shares as follows:

A) 29,000,000 shares of Common Stock of the Company to Hunt;

B) 125,000 Class A Preferred Convertible Shares (having a
conversion ratio of one preferred to 208 common shares of the Company
and subject to the common stock of the Company having traded at an
average bid price of $3.00 for ten consecutive trading days); and


C) 125,000 Class B Convertible Preferred Shares (having a
conversion ratio of one preferred for 248 common shares of the Company
and subject to the common stock of the Company having traded at an
average bid price of $7.00 for ten consecutive trading days).

The completion of the acquisition is contingent upon the receipt of audited
financial statements of Hunt. Such audited financial statements have not been
completed at the time of this filing.

http://www.sec.gov/Archives/edgar/data/1377318/000107258810000239/tmci10q63010.txt