On June 20, 2007 and October 2, 2007, a limited liability company solely owned by Mr. Kaye, Golden Ventures, LLC (“Golden”), loaned the Company $200,000 and $250,000 respectively. The Company issued Convertible Promissory Notes to Golden (the “Notes”). The remaining principal and accrued but unpaid interest due under the Notes of $360,894 was converted into 360,894,500 shares. Golden assigned the shares to Jade Consulting, LLC, which is wholly owned and controlled by Mr. Kaye.
1. Title of Security (Instr. 4) 2. Amount of Securities Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock 363,389,350 I Shares held by Jade Consulting, LLC (1) Common Stock 355,585,000 I Shares held by spouse