<SEC-DOCUMENT>0001144204-13-064374.txt : 20140107
<SEC-HEADER>0001144204-13-064374.hdr.sgml : 20140107
<ACCEPTANCE-DATETIME>20131126165059
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001144204-13-064374
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20131126

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BeesFree, Inc.
		CENTRAL INDEX KEY:			0001432139
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-MISCELLANEOUS NONDURABLE GOODS [5190]
		IRS NUMBER:				920189305
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		2101 VISTA PARKWAY,
		STREET 2:		SUITE 122
		CITY:			WEST PALM BEACH,
		STATE:			FL
		ZIP:			33411
		BUSINESS PHONE:		561 939 4860

	MAIL ADDRESS:	
		STREET 1:		2101 VISTA PARKWAY,
		STREET 2:		SUITE 122
		CITY:			WEST PALM BEACH,
		STATE:			FL
		ZIP:			33411

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BNH INC
		DATE OF NAME CHANGE:	20080410
</SEC-HEADER>
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<TYPE>CORRESP
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 24pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">BeesFree</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">2101 Vista Parkway, Suite 122</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">West Palm Beach, FL 33411</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">November 26, 2013</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>VIA EDGAR TRANSMISSION</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Division of Corporation Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">450 Fifth Street, N.W.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Attention: Mara Ransom, Assistant Director</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">Re:</FONT></TD>
    <TD STYLE="width: 95%; padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">BeesFree, Inc. (the &ldquo;Company&rdquo;)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">Form 10-K for the Fiscal Year Ended December 31, 2012 (the &ldquo;2012 Form 10-K&rdquo;)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">File No. 000-53212</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Set forth below are the Company&rsquo;s
responses to the Commission&rsquo;s comments as set forth in a letter dated November 15, 2013 from Mara Ransom, Assistant Director
(the &ldquo;Comment Letter&rdquo;). The responses are numbered to correspond to the comments set forth in the Comment Letter, which
for convenience, we have incorporated into this response letter. Pursuant to a conversation between our counsel and Dean Brazier,
we are submitting this supplemental information to the Commission in lieu of a formal amendment to the 2012 Form 10-K. Our response
to Item 2 contains language that would have been submitted in an amended 2012 Form 10-K and we undertake to include similar language
where appropriate in the Company&rsquo;s Form 10-K for the year ending December 31, 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Item 7.&#9;Management&rsquo;s Discussion and Analysis of
Financial Condition and Results of</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Operations, page 7</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Results of Operations, page 8</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Comparison of the Year ended December 31, 2012 and the Period
from August 4, 2011 (inception) to December 31, 2011, page 8</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">1.</TD><TD>We note your disclosure regarding your plan of operations during the next twelve months, as well as the fact that existing
cash will sustain operations into the second quarter of 2013. If applicable, please also disclose any significant development milestones,
the material costs associated with achieving those milestones and the sources of funds needed to cover those costs and expenses,
or tell us why such disclosure is inappropriate.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Response:</I> The Company has no developmental milestones
with respect to its products other than those that may be associated with its pending patents. Until the Company finds out whether
its pending patents are accepted or require modification, any costs or expenses associated with such patents is indeterminable
at this time. In the event that the Company&rsquo;s patents require modifications in the future and the costs and expenses relating
thereto are known or can be reasonably determined, such disclosure will be included in the Company&rsquo;s periodic reports filed
with the Commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">November 26, 2013</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page 2</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Liquidity, Capital Resources and Going Concern Matters, page
10</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">2.</TD><TD>We note that you have $43,000 in cash and cash equivalents and have secured proceeds from a convertible note of $210,000. We
also note from page 7 that existing cash will sustain operations into the second quarter of 2013. Please revise your disclosure
to describe the current and projected rate of negative cash flow per month that underlies your assessment.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Response:</I> Please note that the convertible note proceeds
of $210,000 referenced was part of a private placement of such notes begun in March 2013 and which year to date has secured an
aggregate of $735,000 of gross proceeds. As of the filing of the 2012 Form 10-K, the Company&rsquo;s current rate of negative cash
flow was approximately $75,000 per month and its projected rate of negative cash flow per month was projected to remain steady.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following proposed language is what would have been included
in an amended Form 10-K in place of the second paragraph on page 10 of the 2012 Form 10-K. We will include similar language in
our next Form 10-K:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&ldquo;Subsequent to December 31, 2012, the Company entered
into a convertible note agreement and received cash proceeds of approximately $210,000. The Company's primary source of operating
funds since inception has been cash proceeds from the issuance of common shares to its founders and the sale of convertible debentures,
Series A Preferred Stock and Series B Preferred Stock.&nbsp;&nbsp;<FONT STYLE="color: black">During 2012, our negative cash flow
rate&nbsp;averaged approximately $125,000 per month.&nbsp;&nbsp;Our current rate of negative cash flow is approximately $75,000
per month.&nbsp; This was achieved by reductions in personnel staff as well as reduction in marketing and shareholder services
expenses. Until we can secure additional funding</FONT> and/or can generate a sufficient amount of product revenue<FONT STYLE="color: black">,
we plan on further reducing our cash flow by implementing cost saving measures such as eliminating non-essential expenses, delay
in hiring replacement executives and delay in payment of trade payables and other activities. These cost saving efforts will reduce
our negative cash to approximately $60,000 per month until additional funding can be secured.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We will seek to raise capital through equity and/or debt offerings.
However, there can be no assurance that we will be able to raise equity or debt capital on terms we consider reasonable and prudent,
or at all. The availability of capital to us may be subject to the volatility in the financial markets, our future financial condition
and credit rating, and whether sufficient assets are available to be used as debt collateral in connection with any future debt
financing, among other factors. Future financings through equity investments are likely to be dilutive to existing stockholders.
Also, the terms of securities we issue in future capital transactions may be more favorable for our new investors. Newly issued
securities may include preferences, superior voting rights, and the issuance of warrants or other derivative securities, which
may have additional dilutive effects. Further, we may incur substantial costs in pursuing future capital and/or financing, including
investment banking fees, legal fees, accounting fees, securities law compliance fees, printing and distribution expenses and other
costs. We may also be required to recognize non-cash expenses in connection with certain securities we may issue, such as convertible
notes and warrants, which may adversely impact our financial condition.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">November 26, 2013</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page 3</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Loss on Fair Value of Warrants, page 10</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="width: 0.5in; padding: 0; font-size: 10pt; text-indent: 0"><FONT STYLE="font-size: 10pt">3. </FONT></TD>
    <TD STYLE="padding: 0; font-size: 10pt; text-indent: 0"><FONT STYLE="font-size: 10pt">In the first sentence, we note that the net change in fair value of the warrants resulted in a net gain of approximately $67,000.&nbsp;&nbsp;However, the following section, Net Cash Used in Operating activities, and the financial statements reflect a $66,501 loss on the fair value change.&nbsp;&nbsp;Please revise for accuracy and consistency.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: black"><I>Response:</I></FONT> Please note
that there was a typographical error in the sentence referenced above. The first sentence should have read as follows: &ldquo;The
net loss in fair value of derivative liabilities of approximately $67,000 for the year ended December 31, 2012, was the result
of the change in fair value of the detachable warrants issued to investors in connection with financings during the year ended
December 31, 2012 and 2011.&rdquo; This error was not reflected in the Company&rsquo;s audited financial statements which were
a part of 2012 Form 10-K. To the extent such disclosure will be included in any subsequent periodic filings of the Company such
disclosure will reflect the corrected language included herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company hereby acknowledges that (i)
it is responsible for the adequacy and accuracy of the disclosure in the filing; (ii) staff comments or changes to disclosure in
response to staff comments do not foreclose the Commission from taking any action with respect to the filing and (iii) the Company
may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities
laws of the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Please call the undersigned at (561) 939-4860
with any comments or questions regarding the Company&rsquo;s response and please send a copy of any written comments to the following
party:</P>

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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Mark F. Coldwell,
        Esq.</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Littman Krooks LLP</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">655 Third Avenue</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">New York, NY 10017</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Phone: (212) 490-2020</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Fax: (212) 490-2990</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: justify; text-indent: 0.5in"></P>

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    <TD STYLE="width: 50%; padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 40%; padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">Very truly yours,</FONT></TD>
    <TD STYLE="width: 10%; padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt; color: black"><U STYLE="text-decoration: none">/S/ JOSEPH FASCIGLIONE</U></FONT></TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">Joseph Fasciglione</FONT></TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">Interim Chief Executive Officer</FONT></TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
</TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: justify; text-indent: 0.5in"></P>

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    <TD STYLE="width: 5%; padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">cc:</FONT></TD>
    <TD STYLE="width: 95%; padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">Mr. Andrea Festuccia</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">Mark F. Coldwell, Esq.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">Mr. Anson Augustine</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">Mr. Dean Brazier</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt; color: black">Ms. Lilyanna Peyser</FONT></TD></TR>
</TABLE>


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</DOCUMENT>
</SEC-DOCUMENT>
