* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
1,957,508 shares of Issuer's Common Stock are subject to forfeiture in the event that Issuer has not executed certain lease agreements by September 7, 2008 ("Operational Conditions") |
(2) |
1,957,508 of the Common Stock of Issuer are subject to forfeiture in the event that Issuer has not achieved an aggregate of three market capitalization conditions by September 7, 2009 ("Market Conditions"). |
(3) |
Shares are held by Mobius Risk Group, LLC, a Texas limited liabilty cpmpany ("Mobius"). Reportig Person owns 13.33% of the issued and outstanding membership interests of Mobius. |
(4) |
11,745,047 shaers of the Common Stock of Issuer held by Mobius are subject to forfeiture in the event Issuer has not satisfied the Operational Conditions. |
(5) |
11,745,048 shares of the Common Stock of Issuer held by Mobius are subject to forfeiture in the event Issuer has not satisfied the Market Conditions. |
(6) |
The Reporting Person disclaims beneficial ownership of the securities held by Mobius. |
(7) |
The shares of Issuer underlying the stock option shall vest as follows: (i) 6,000,000 shall vest at such time as when Issuer's market capitalization reaches $75,000,000; and (ii) the remaining 6,000,000 shares shall vest at such time as when the Issuer's market capitalization reaches or exceeds $120 million. |