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expensed $16,438 in interest during the year ended September 30, 2010.

During the quarter ended December 31, 2009, the company issued 300,000 shares of common stock as grants to directors, 100,000 shares of common stock as grants to a consultant, and 300,000 shares to RATLab.

On May 10, 2010, the Board of Directors issued to Mark Scott, Chief Financial Officer, 1,000,000 shares of restricted common stock to be granted upon signing at the closing bid price of $.02 per share on May 7, 2010.

On May 10, 2010, the Board of Directors approved the issuance to Ron Erickson or his designee of 2,000,000 shares of restricted common stock in the company and the grant of options to purchase 3,000,000 shares at $0.15 per share. The restricted common stock was issued at the closing bid price of $.02 per share on May 7, 2010. The grant of options vests quarterly over two years and expires on May 6, 2020. This common stock issuance and the grant of options replace the 5,000,000 unissued shares previously approved by the Board of Directors on December 21, 2009.

On May 18, 2010, the Board of Directors issued 600,000 shares of restricted common stock of the company to four consultants and suppliers for the conversion of liabilities or for services. The parties valued the shares in this transaction at $0.02 per share, the closing bid price of the company’s common stock during negotiations.

On June 1, 2010, the Board of Directors issued 666,667 shares of restricted common stock of the company to a service provider for the conversion of $100,000 in liabilities at $.15 per share.

On June 8, 2010, the Board of Directors issued 3,000,000, 100,000 and 100,000 of restricted common stock of the company to Jim Gingo, Jeff Kruse and Steve Waddle, executives of

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TransTech, respectively. The parties valued the shares in this transaction at $0.02 per share, the closing bid price of the company’s common stock during negotiations.

On June 8, 2010, the Board of Directors issued 600,000 shares of restricted common stock of the company to Paul Bonderson, a TransTech investor. The parties valued the shares in this transaction at $0.02 per share, the closing bid price of the company’s common stock during negotiations.

On June 8, 2010, the Board of Directors issued 300,000 shares of restricted common stock of the company to David Markowski for consulting services. The parties valued the shares in this transaction at $0.02 per share, the closing bid price of the company’s common stock during negotiations.

On June 11, 2010, the company issued a warrant for the purchase of 300,000 shares of common stock of the company to the Sterling Fund for advisory services. The warrant was valued at $.02 per share using the Black-Scholes-Merton option valuation model. The warrant expires June 10, 2013 and is callable if registered and with five closing trading prices of the company’s common stock over $.50 per share.

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