-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 HiDplf94WtjH5lxdnCjByKUND1Dkf4lQZ09NQiPvXwQo6E1E3b5to2+GTwk+FMrk
 mrAWItHw7WcCXtRG8beKIg==

<SEC-DOCUMENT>0001010412-09-000273.txt : 20091109
<SEC-HEADER>0001010412-09-000273.hdr.sgml : 20091109
<ACCEPTANCE-DATETIME>20091109154116
ACCESSION NUMBER:		0001010412-09-000273
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20090930
FILED AS OF DATE:		20091109
DATE AS OF CHANGE:		20091109

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BEAR LAKE RECREATION INC
		CENTRAL INDEX KEY:			0001074871
		STANDARD INDUSTRIAL CLASSIFICATION:	BLANK CHECKS [6770]
		IRS NUMBER:				870620495
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-49671
		FILM NUMBER:		091168235

	BUSINESS ADDRESS:	
		STREET 1:		4685 S. HIGHLAND DRIVE #202
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84117
		BUSINESS PHONE:		801-278-9424

	MAIL ADDRESS:	
		STREET 1:		4685 S. HIGHLAND DRIVE #202
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84117
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>blkr09sep4.htm
<DESCRIPTION>QUARTERLY REPORT ON FORM 10Q FOR THE QUARTER ENDED SEPTEMBER 30, 2009
<TEXT>
<HTML>
<head><title>UNITED STATES SECURITIES AND EXCHANGE COMMISSION</title> </head> <body style="LINE-HEIGHT:12pt; FONT-FAMILY:Times New Roman; COLOR:#000000; FONT-SIZE:10pt">
<a name=fis_top_of_document /><a name=kentex0410k_txt /><a name=fis_form /> <div style=WIDTH:624px> <p style="LINE-HEIGHT:20pt; MARGIN:0px; FONT-SIZE:18pt" align=center>
<b>U. S. Securities and Exchange Commission</b></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center>
<b>Washington, D.C. 20549</b></p> <p style="LINE-HEIGHT:12.5pt; MARGIN-TOP:3px; MARGIN-BOTTOM:3px; FONT-SIZE:10.5pt" align=center>
<b><sup>______________</sup></b></p> <p style="LINE-HEIGHT:18pt; MARGIN-TOP:21px; MARGIN-BOTTOM:0px; FONT-SIZE:16pt" align=center>
<b>FORM 10-Q</b></p> <p style="LINE-HEIGHT:12.5pt; MARGIN-TOP:3px; MARGIN-BOTTOM:3px; FONT-SIZE:10.5pt" align=center>
<b><sup>______________</sup></b></p> <p style="MARGIN-TOP:13px; TEXT-INDENT:-48px; PADDING-LEFT:48px; FONT-FAMILY:Times New Roman Bold; MARGIN-BOTTOM:0px" align=center>
<b>[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15</b><font style=FONT-FAMILY:Arial><b>(</font>d</b>
<font style=FONT-FAMILY:Arial><b>)</font> OF THE SECURITIES EXCHANGE ACT OF 1934</b></p> <p style="MARGIN-TOP:13px; FONT-FAMILY:Times New Roman Bold; MARGIN-BOTTOM:0px" align=center>
<b>For the first quarter ended September 30, 2009</b></p> <p style="MARGIN-TOP:13px; TEXT-INDENT:-48px; PADDING-LEFT:48px; FONT-FAMILY:Times New Roman Bold; MARGIN-BOTTOM:0px" align=center>
<b>[ &nbsp;] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15</b><font style=FONT-FAMILY:Arial><b>(</font>d</b>
<font style=FONT-FAMILY:Arial><b>)</font> OF THE SECURITIES EXCHANGE ACT OF 1934</b></p> <p style="MARGIN-TOP:13px; FONT-FAMILY:Times New Roman Bold; MARGIN-BOTTOM:0px" align=center>
<b>For the transition period from ____________ to____________</b></p> <p style="MARGIN-TOP:17px; MARGIN-BOTTOM:0px" align=center>
<b><i>Commission File Number: 000-49671</i></b></p> <p style="LINE-HEIGHT:20pt; MARGIN-TOP:16px; FONT-FAMILY:Times New Roman Bold; MARGIN-BOTTOM:0px; FONT-SIZE:18pt" align=center>
<b><u>BEAR LAKE RECREATION, INC</u></b><font style=FONT-FAMILY:Arial><b><u>.</u></b></font></p> <p style=MARGIN:0px align=center>(Exact name of issuer as specified in its charter)</p>
<p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><br></p></div> <table style=FONT-SIZE:10pt cellspacing=0>
<tr height=0 style=FONT-SIZE:0px> <td width=321 /> <td width=317 /></tr> <tr> <td width=321 valign=top>
<p style=MARGIN:0px align=center><u>Nevada</u></p></td> <td width=317 valign=top> <p style=MARGIN:0px align=center>
<u>87-0620495</u></p></td></tr> <tr> <td width=321 valign=top> <p style=MARGIN:0px align=center>(State or Other Jurisdiction of</p></td>
<td width=317 valign=top> <p style=MARGIN:0px align=center>(I.R.S. Employer I.D. No.)</p></td></tr> <tr>
<td width=321 valign=top> <p style=MARGIN:0px align=center>incorporation or organization)</p></td> <td width=317 valign=top>
<p>&nbsp;</p></td></tr></table> <div style=WIDTH:624px> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center>
<br></p> <p style=MARGIN:0px align=center>4685 S. Highland Drive, Suite #202 </p> <p style=MARGIN:0px align=center>
<u>Salt Lake City, Utah 84117</u></p> <p style=MARGIN:0px align=center>(Address of Principal Executive Offices)</p>
<p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><u>(801) 278-9424</u></p>
<p style=MARGIN:0px align=center>(Issuer&#146;s Telephone Number, Including Area Code)</p> <p style=MARGIN:0px align=center>
<br></p> <p style=MARGIN:0px align=justify>Check whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 (the &#147;Exchange Act&#148;) during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [&nbsp;&nbsp;]</p>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. &nbsp;See definition of &#147;large accelerated filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule 12b-2 of the Exchange Act. &nbsp;(Check one):</p>
<p style=MARGIN:0px align=justify><br></p></div> <table style=FONT-SIZE:10pt cellspacing=0> <tr height=0 style=FONT-SIZE:0px>
<td width=159 /> <td width=129 /> <td width=159 /> <td width=188 /></tr> <tr> <td width=159 style="BORDER-BOTTOM:#000000 1px solid; BORDER-TOP:#000000 1px solid" valign=top>
<p style=MARGIN:0px align=justify>Large accelerated filer [&nbsp;&nbsp;]</p></td> <td width=129 style="BORDER-BOTTOM:#000000 1px solid; BORDER-TOP:#000000 1px solid" valign=top>
<p style=MARGIN:0px align=justify>Accelerated filer [&nbsp;&nbsp;]</p></td> <td width=159 style="BORDER-BOTTOM:#000000 1px solid; BORDER-TOP:#000000 1px solid" valign=top>
<p style=MARGIN:0px align=justify>Non-accelerated filer [&nbsp;&nbsp;]</p></td> <td width=188 style="BORDER-BOTTOM:#000000 1px solid; BORDER-TOP:#000000 1px solid" valign=top>
<p style=MARGIN:0px align=justify>Smaller reporting company [X]</p></td></tr></table> <div style=WIDTH:624px>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). </p>
<p style=MARGIN:0px align=justify>Yes [X] No [&nbsp;&nbsp;] </p> <p style=MARGIN:0px align=center><br>
<br></p> <p style="LINE-HEIGHT:14pt; MARGIN:0px; FONT-SIZE:12pt" align=center>1</p> <p style=MARGIN:0px>
<br></p> <hr size=1 noshade style="MARGIN-TOP:9px; MARGIN-BOTTOM:9px"> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center>
<b>APPLICABLE ONLY TO ISSUER INVOLVED IN BANKRUPTCY</b></p> <p style=MARGIN:0px align=center><b>PROCEEDINGS DURING THE PRECEDING FIVE YEARS</b></p>
<p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=justify>Indicate by check mark whether the Registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act subsequent to the distribution of securities under a plan confirmed by a court. &nbsp;</p>
<p style=MARGIN:0px align=justify>Yes [&nbsp;&nbsp;] No [&nbsp;&nbsp;]</p> <p style=MARGIN:0px align=center>
<br></p> <p style=MARGIN:0px align=center>Not applicable.</p> <p style=MARGIN:0px align=center><br></p>
<p style=MARGIN:0px align=justify>Indicate the number of shares outstanding of each of the Registrant&#146;s classes of common equity, as of the latest practicable date.</p>
<p style=MARGIN:0px><br></p> <p style="MARGIN:0px; PADDING-RIGHT:0px" align=justify>The number of shares outstanding of each of the Registrant&#146;s classes of common equity, as of the latest practicable date:</p>
<a name=FIS_UNIDENTIFIED_TABLE_2 /> <p style=MARGIN:0px align=justify><br></p> <table style=FONT-SIZE:10pt cellspacing=0>
<tr height=0 style=FONT-SIZE:0px> <td width=277 /> <td width=36 /> <td width=307 /></tr> <tr> <td width=277>
<p>&nbsp;</p></td> <td width=36> <p>&nbsp;</p></td> <td width=307> <p>&nbsp;</p></td></tr> <tr> <td width=277 style="BORDER-BOTTOM:#000000 1px solid" valign=top>
<p style="MARGIN:0px; PADDING-LEFT:2px" align=center>Class</p></td> <td width=36 valign=top> <p style="MARGIN:0px; PADDING-LEFT:2px; FONT-SIZE:5pt">&nbsp;</p></td>
<td width=307 style="BORDER-BOTTOM:#000000 1px solid" valign=top> <p style="MARGIN:0px; PADDING-LEFT:2px" align=center>Outstanding as of November 9, 2009</p></td></tr>
<tr> <td width=277 valign=top> <p style="MARGIN:0px; PADDING-LEFT:2px">Common Capital Voting Stock, $0.001 par value per share</p></td>
<td width=36 valign=top> <p style="MARGIN:0px; PADDING-LEFT:2px; FONT-SIZE:5pt">&nbsp;</p></td> <td width=307 valign=top>
<p style="MARGIN:0px; PADDING-LEFT:2px" align=center>1,249,816 shares</p></td></tr></table> <p style=MARGIN:0px align=justify>
<br></p> <p style=MARGIN:0px align=center><b>FORWARD LOOKING STATEMENTS</b></p> <p style=MARGIN:0px><br></p>
<p style=MARGIN:0px align=justify>This Quarterly Report on Form 10-Q, Financial Statements and Notes to Financial Statements contains forward-looking statements that discuss, among other things, future expectations and projections regarding future developments, operations and financial conditions. All forward-looking statements are based on management&#146;s existing beliefs about present and future events outside of management&#146;s control and on assumptions that may prove to be incorrect. If any underlying assumptions prove incorrect, our actual results may vary materially from those anticipated, estimated, projected or intended. </p>
<p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><b>PART I - FINANCIAL STATEMENTS</b></p>
<p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px><b>Item 1. Financial Statements.</b></p>
<p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center>September 30, 2009</p> <p style=MARGIN:0px align=center>
<b>C O N T E N T S</b></p> <p style=MARGIN:0px><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:-16px; COLOR:#0000ff" align=justify>
<a href=#_Toc126992279><u>Condensed Balance Sheet<a name=_Hlt126994767 /><a name=_Hlt126994768 />s</u></a></p>
<p style="TEXT-INDENT:624px; MARGIN:0px" align=justify><a href=#_Toc126992279>3</a><font style=COLOR:#0000ff></font></p>
<p style="MARGIN-TOP:0px; MARGIN-BOTTOM:-16px; COLOR:#0000ff" align=justify><a href=#_Toc126992280><u>Condensed Statements of Operations</u></a></p>
<p style="TEXT-INDENT:624px; MARGIN:0px" align=justify><a href=#_Toc126992280>4</a><font style=COLOR:#0000ff></font></p>
<p style="MARGIN-TOP:0px; MARGIN-BOTTOM:-16px; COLOR:#0000ff" align=justify><a href=#_Toc126992281><u>Condensed Statements of Cash Flows</u></a></p>
<p style="TEXT-INDENT:624px; MARGIN:0px" align=justify><a href=#_Toc126992281>5</a><font style=COLOR:#0000ff></font></p>
<p style="MARGIN-TOP:0px; MARGIN-BOTTOM:-16px; COLOR:#0000ff" align=justify><a href=#_Toc126992282><u>Notes to Condensed Financial Statements</u></a></p>
<p style="TEXT-INDENT:624px; MARGIN:0px" align=justify><a href=#_Toc126992282>6</a><font style=COLOR:#0000ff></font></p>
<p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px><br><br></p> <p style="LINE-HEIGHT:14pt; MARGIN:0px; FONT-SIZE:12pt" align=center>2</p>
<p style=MARGIN:0px><br></p> <hr size=1 noshade style="MARGIN-TOP:9px; MARGIN-BOTTOM:9px"> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px">
<br></p> <p style=MARGIN:0px align=center><b>Bear Lake Recreation, Inc.</b></p> <p style=MARGIN:0px align=center>
<b>(A Development Stage Company) </b></p><a name=_Toc126992279 /> <p style=MARGIN:0px align=center><b>Condensed Balance Sheets</b></p>
<p style=MARGIN:0px align=center><b>September 30, 2009 and June 30, 2009</b></p> <p style=MARGIN:0px align=center>
<br></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <table style=FONT-SIZE:10pt cellspacing=0 align=center>
<tr height=0 style=FONT-SIZE:0px> <td width=332 /> <td width=15 /> <td width=15 /> <td width=49 /> <td width=15 />
<td width=2 /> <td width=15 /> <td width=15 /> <td width=48 /> <td width=15 /></tr> <tr> <td width=332 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=64 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center><b>09/30/2009</b></p></td>
<td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=2 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=64 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center><b>6/30/2009</b></p></td>
<td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=332 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=64 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center><b>(Unaudited)</b></p></td>
<td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=2 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=64 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center><b>(Audited)</b></p></td>
<td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=332 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=center><b>ASSETS</b></p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=64 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td>
<td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=2 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=64 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=332 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=49 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=2 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=48 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=332 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px">
<b>Total Assets</b></p></td> <td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td>
<td width=15 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#eaf9e8" valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">$</p></td>
<td width=49 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#eaf9e8" valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&#151; </p></td>
<td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=2 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=15 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">$</p></td> <td width=48 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&#151; </p></td> <td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=332 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td>
<td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=49 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=2 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=48 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=332 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px" align=center>
<b>LIABILITIES AND STOCKHOLDERS' DEFICIT</b></p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=49 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=2 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=48 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=332 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td>
<td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=49 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=2 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=48 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=332 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px">Liabilities</p></td>
<td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=49 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=2 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=48 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=332 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px">Current Liabilities</p></td>
<td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=49 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=2 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=48 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=332 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-10px; PADDING-LEFT:33px; MARGIN-BOTTOM:0px">Accounts Payable</p></td>
<td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">$</p></td> <td width=49 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>171 </p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=2 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">$</p></td>
<td width=48 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&#151; </p></td>
<td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=332 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; TEXT-INDENT:-10px; PADDING-LEFT:33px; MARGIN-BOTTOM:0px">Related Party Payable</p></td>
<td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=15 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p>&nbsp;</p></td> <td width=49 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;57,733 </p></td> <td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=2 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=15 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p>&nbsp;</p></td> <td width=48 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;53,767 </p></td> <td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=332 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px">Total Current Liabilities</p></td>
<td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p>&nbsp;</p></td> <td width=49 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;57,904 </p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=2 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p>&nbsp;</p></td> <td width=48 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;53,767 </p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=332 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px">
<b>Total Liabilities</b></p></td> <td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td>
<td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=49 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;57,904 </p></td> <td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=2 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=48 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;53,767 </p></td> <td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=332 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td>
<td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=49 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=2 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=48 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=332 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px">
<b>Stockholders' Deficit</b></p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td>
<td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=49 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=2 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=48 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=332 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-17px; PADDING-LEFT:40px; MARGIN-BOTTOM:0px">Preferred Stock -- 5,000,000 shares authorized having a</p></td>
<td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=49 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=2 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=48 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=332 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-9px; PADDING-LEFT:56px; MARGIN-BOTTOM:0px">par value of $.001 per share; no shares issued</p></td>
<td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=49 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=2 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=48 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=332 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-9px; PADDING-LEFT:56px; MARGIN-BOTTOM:0px">and outstanding</p></td>
<td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=49 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td>
<td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=2 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=48 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td>
<td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=332 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; TEXT-INDENT:-17px; PADDING-LEFT:40px; MARGIN-BOTTOM:0px">Capital Stock -- 50,000,000 shares authorized having a</p></td>
<td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=49 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=2 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=48 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=332 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-9px; PADDING-LEFT:56px; MARGIN-BOTTOM:0px">par value of $.001 per share; 1,249,816 shares issued</p></td>
<td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=49 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=2 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=48 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=332 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-9px; PADDING-LEFT:56px; MARGIN-BOTTOM:0px">and outstanding</p></td>
<td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=49 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;1,250 </p></td>
<td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=2 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=48 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;1,250 </p></td>
<td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=332 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; TEXT-INDENT:-17px; PADDING-LEFT:40px; MARGIN-BOTTOM:0px">Additional Paid-in Capital</p></td>
<td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=49 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;82,828 </p></td>
<td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=2 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=48 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;82,828 </p></td>
<td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=332 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; TEXT-INDENT:-17px; PADDING-LEFT:40px; MARGIN-BOTTOM:0px">Accumulated Deficit during the Development Stage</p></td>
<td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=15 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p>&nbsp;</p></td> <td width=49 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>(141,982</p></td> <td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td> <td width=2 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=15 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p>&nbsp;</p></td> <td width=48 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>(137,845</p></td> <td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td></tr> <tr> <td width=332 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px"><b>Total Stockholders' Deficit</b></p></td>
<td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p>&nbsp;</p></td> <td width=49 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>(57,904</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td> <td width=2 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p>&nbsp;</p></td> <td width=48 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>(53,767</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td></tr> <tr> <td width=332 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px"><b>Total Liabilities and Stockholders' Deficit</b></p></td>
<td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=15 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">$</p></td> <td width=49 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&#151; </p></td> <td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=2 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=15 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">$</p></td> <td width=48 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&#151; </p></td> <td width=15 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=332 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td>
<td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=49 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=2 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=48 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=15 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr></table>
<p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>
<br></p> <p style=MARGIN:0px align=center>See accompanying notes to financial statements.</p> <p style=MARGIN:0px align=center>
<br><br></p> <p style="LINE-HEIGHT:14pt; MARGIN:0px; FONT-SIZE:12pt" align=center>3</p> <p style=MARGIN:0px>
<br></p> <hr size=1 noshade style="MARGIN-TOP:9px; MARGIN-BOTTOM:9px"> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center>
<b>Bear Lake Recreation, Inc.</b></p> <p style=MARGIN:0px align=center><b>(A Development Stage Company) </b></p>
<a name=_Toc126992280 /> <p style=MARGIN:0px align=center><b>Condensed Statements of Operations</b></p>
<p style=MARGIN:0px align=center><b>For the Three Months Ended September 30, 2009 and 2008, and</b></p>
<p style=MARGIN:0px align=center><b>For the Period from Inception (October 22, 1998) through September 30, 2009</b></p>
<p style=MARGIN:0px align=center><b>(Unaudited)</b></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>
<br></p> <table style=FONT-SIZE:10pt cellspacing=0 align=center> <tr height=0 style=FONT-SIZE:0px> <td width=250 />
<td width=1 /> <td width=6 /> <td width=67 /> <td width=4 /> <td width=1 /> <td width=6 /> <td width=66 />
<td width=4 /> <td width=1 /> <td width=6 /> <td width=74 /> <td width=4 /></tr> <tr> <td width=250 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=73 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center><b>For the</b></p></td>
<td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=73 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center>
<b>For the</b></p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td>
<td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=81 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center><b>From Inception</b></p></td>
<td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=250 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=73 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center><b>Three Months</b></p></td>
<td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=73 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center>
<b>Three Months</b></p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td>
<td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=81 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center><b>(October 22,</b></p></td>
<td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=250 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=73 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center><b>Ended</b></p></td>
<td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=73 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center>
<b>Ended</b></p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=81 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center>
<b>1998) Through</b></p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=250 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=73 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center>
<b>September 30,</b></p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td>
<td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=73 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center><b>September 30,</b></p></td>
<td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=81 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center>
<b>September 30,</b></p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=250 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=73 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center><b>2009</b></p></td>
<td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=73 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center><b>2008</b></p></td>
<td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=81 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center><b>2009</b></p></td>
<td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=250 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=67 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=4 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=66 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=4 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=74 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=4 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=250 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px">
<b>Revenues</b></p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td>
<td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">$</p></td>
<td width=67 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&#151; </p></td>
<td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">$</p></td>
<td width=66 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&#151; </p></td>
<td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">$</p></td>
<td width=74 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>1,396 </p></td>
<td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=250 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px"><b>Cost of Goods Sold</b></p></td>
<td width=1 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=6 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p>&nbsp;</p></td> <td width=67 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=4 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=6 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p>&nbsp;</p></td> <td width=66 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=4 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=6 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p>&nbsp;</p></td> <td width=74 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>(707</p></td> <td width=4 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td></tr> <tr> <td width=250 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px"><b>Gross Profit</b></p></td>
<td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=67 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td>
<td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=66 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=74 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;689 </p></td>
<td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=250 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; TEXT-INDENT:-10px; PADDING-LEFT:40px; MARGIN-BOTTOM:0px">General and Administrative Expenses</p></td>
<td width=1 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=6 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p>&nbsp;</p></td> <td width=67 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;4,137 </p></td> <td width=4 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=6 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p>&nbsp;</p></td> <td width=66 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;6,355 </p></td> <td width=4 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=6 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p>&nbsp;</p></td> <td width=74 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;122,960 </p></td> <td width=4 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=250 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px">
<b>Net Income (Loss) from Operations</b></p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=67 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>(4,137</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=66 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>(6,355</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=74 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>(122,271</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td></tr> <tr> <td width=250 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=67 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=66 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=74 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=250 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px">
<b>Other Income (Expense)</b></p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td>
<td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=67 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=66 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=74 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=250 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-10px; PADDING-LEFT:40px; MARGIN-BOTTOM:0px">Write off of inventory</p></td>
<td width=1 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=67 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td>
<td width=4 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=66 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=4 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=74 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>(10,645</p></td>
<td width=4 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td></tr>
<tr> <td width=250 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-10px; PADDING-LEFT:40px; MARGIN-BOTTOM:0px">Loss on Sale of Assets</p></td>
<td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=6 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p>&nbsp;</p></td> <td width=67 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=6 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p>&nbsp;</p></td> <td width=66 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=6 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p>&nbsp;</p></td> <td width=74 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>(9,066</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td></tr> <tr> <td width=250 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px"><b>Total Other Income (Expense)</b></p></td>
<td width=1 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=67 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td>
<td width=4 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=66 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=4 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=74 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>(19,711</p></td>
<td width=4 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td></tr>
<tr> <td width=250 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=6 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p>&nbsp;</p></td> <td width=67 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p>&nbsp;</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=6 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p>&nbsp;</p></td> <td width=66 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p>&nbsp;</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=6 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p>&nbsp;</p></td> <td width=74 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p>&nbsp;</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=250 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px">
<b>Net Loss Before Taxes</b></p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td>
<td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=67 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>(4,137</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=66 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>(6,355</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=74 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>(141,982</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td></tr> <tr> <td width=250 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; TEXT-INDENT:-10px; PADDING-LEFT:40px; MARGIN-BOTTOM:0px">Provision for Income Taxes</p></td>
<td width=1 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=6 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p>&nbsp;</p></td> <td width=67 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=4 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=6 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p>&nbsp;</p></td> <td width=66 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=4 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=6 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p>&nbsp;</p></td> <td width=74 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=4 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=250 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px">
<b>Net Loss</b></p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td>
<td width=6 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#ffffff" valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">$</p></td>
<td width=67 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#ffffff" valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;(4,137</p></td>
<td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td>
<td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=6 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">$</p></td> <td width=66 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;(6,355</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=6 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">$</p></td> <td width=74 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;(141,982</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td></tr> <tr> <td width=250 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=67 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=66 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=74 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=250 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px">
<b>Loss Per Share - Basic and Diluted</b></p></td> <td width=1 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=6 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">$</p></td> <td width=67 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;(0.01</p></td> <td width=4 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td> <td width=1 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=6 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">$</p></td> <td width=66 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;(0.01</p></td> <td width=4 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td> <td width=1 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=6 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">$</p></td> <td width=74 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;(0.17</p></td> <td width=4 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td></tr> <tr> <td width=250 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=67 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=66 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=74 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=250 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px">
<b>Weighted Average Shares Outstanding - </b></p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=67 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=66 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=74 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=250 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px">
<b>Basic and Diluted</b></p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td>
<td width=6 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#ffffff" valign=bottom> <p>&nbsp;</p></td>
<td width=67 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#ffffff" valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;1,249,816 </p></td>
<td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=6 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p>&nbsp;</p></td> <td width=66 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;1,249,816 </p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=6 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p>&nbsp;</p></td> <td width=74 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;816,488 </p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=250 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td>
<td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=67 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=66 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=1 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=6 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=74 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=4 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td></tr></table> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>
<br></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center>See accompanying notes to financial statements.</p>
<p style=MARGIN:0px align=center><br><br></p> <p style="LINE-HEIGHT:14pt; MARGIN:0px; FONT-SIZE:12pt" align=center>4</p>
<p style=MARGIN:0px><br></p> <hr size=1 noshade style="MARGIN-TOP:9px; MARGIN-BOTTOM:9px"> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center>
<b>Bear Lake Recreation, Inc.</b></p> <p style=MARGIN:0px align=center><b>(A Development Stage Company) </b></p>
<a name=_Toc126992281 /> <p style=MARGIN:0px align=center><b>Condensed Statements of Cash Flows</b></p>
<p style=MARGIN:0px align=center><b>For the Three Months Ended September 30, 2009 and 2008, and</b></p>
<p style=MARGIN:0px align=center><b>For the Period from Inception (October 22, 1998) through September 30, 2009</b></p>
<p style=MARGIN:0px align=center><b>(Unaudited)</b></p> <p style=MARGIN:0px><br></p> <table style=FONT-SIZE:10pt cellspacing=0 align=center>
<tr height=0 style=FONT-SIZE:0px> <td width=315 /> <td width=14 /> <td width=14 /> <td width=61 /> <td width=14 />
<td width=3 /> <td width=14 /> <td width=61 /> <td width=14 /> <td width=3 /> <td width=14 /> <td width=71 />
<td width=13 /></tr> <tr> <td width=315 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=75 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center><b>For the</b></p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=75 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center>
<b>For the</b></p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td>
<td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=86 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center><b>From Inception</b></p></td>
<td width=13 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=315 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=75 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center><b>Three Months</b></p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=75 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center>
<b>Three Months</b></p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td>
<td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=86 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center><b>(October 22,</b></p></td>
<td width=13 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=315 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=75 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center><b>Ended</b></p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=75 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center>
<b>Ended</b></p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=86 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center>
<b>1998) Through</b></p></td> <td width=13 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=315 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=75 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center>
<b>September 30,</b></p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td>
<td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=75 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center><b>September 30,</b></p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=86 colspan=2 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center>
<b>September 30,</b></p></td> <td width=13 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=315 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=75 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center><b>2009</b></p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=75 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center><b>2008</b></p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=86 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p style="LINE-HEIGHT:11pt; MARGIN-TOP:2px; MARGIN-BOTTOM:0px; FONT-SIZE:9pt" align=center><b>2009</b></p></td>
<td width=13 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=315 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=71 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=13 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=315 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px">
<b>Cash Flows From Operating Activities</b></p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=71 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=13 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=315 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-12px; PADDING-LEFT:33px; MARGIN-BOTTOM:0px">Net Income (Loss)</p></td>
<td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">$</p></td> <td width=61 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;(4,137</p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td> <td width=3 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">$</p></td>
<td width=61 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;(6,355</p></td>
<td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td>
<td width=3 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">$</p></td> <td width=71 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;(141,982</p></td> <td width=13 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td></tr> <tr> <td width=315 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; TEXT-INDENT:-12px; PADDING-LEFT:33px; MARGIN-BOTTOM:0px">Adjustments to reconcile net income (loss) to</p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=71 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=13 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=315 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-12px; PADDING-LEFT:33px; MARGIN-BOTTOM:0px">net cash provided by operating activities:</p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=71 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=13 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=315 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:6px; PADDING-LEFT:46px; MARGIN-BOTTOM:0px">Depreciation and Amortization</p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=71 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;4,799 </p></td>
<td width=13 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=315 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; TEXT-INDENT:6px; PADDING-LEFT:46px; MARGIN-BOTTOM:0px">Shares issued for services</p></td>
<td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td>
<td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=71 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;3,000 </p></td>
<td width=13 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=315 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; TEXT-INDENT:6px; PADDING-LEFT:46px; MARGIN-BOTTOM:0px">Loss on disposal of equipment</p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=71 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;9,066 </p></td>
<td width=13 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=315 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; TEXT-INDENT:6px; PADDING-LEFT:46px; MARGIN-BOTTOM:0px">Write off of related party receivable</p></td>
<td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td>
<td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=71 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;1,000 </p></td>
<td width=13 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=315 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; TEXT-INDENT:6px; PADDING-LEFT:46px; MARGIN-BOTTOM:0px">Write off of Website development costs</p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=71 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;8,877 </p></td>
<td width=13 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=315 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; TEXT-INDENT:6px; PADDING-LEFT:46px; MARGIN-BOTTOM:0px">Write off of inventory</p></td>
<td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td>
<td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=71 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;10,645 </p></td>
<td width=13 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=315 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; TEXT-INDENT:6px; PADDING-LEFT:46px; MARGIN-BOTTOM:0px">Decrease / (Increase) - Inventory</p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=71 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>(10,645</p></td>
<td width=13 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td></tr>
<tr> <td width=315 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:6px; PADDING-LEFT:46px; MARGIN-BOTTOM:0px">Increase / (Decrease) - Accounts Payable</p></td>
<td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;171 </p></td>
<td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;1,644 </p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=71 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;171 </p></td>
<td width=13 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td></tr> <tr> <td width=315 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; TEXT-INDENT:6px; PADDING-LEFT:46px; MARGIN-BOTTOM:0px">Increase / (Decrease) - Related Party Payables</p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p>&nbsp;</p></td> <td width=61 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>3,966 </p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p>&nbsp;</p></td> <td width=61 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>4,711 </p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p>&nbsp;</p></td> <td width=71 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;57,733 </p></td> <td width=13 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=315 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px">
<b>Net Cash From Operating Activities</b></p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td>
<td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=71 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>(57,336</p></td> <td width=13 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td></tr> <tr> <td width=315 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=71 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=13 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=315 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px">
<b>Cash Flows From Investing Activities</b></p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=71 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=13 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=315 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-12px; PADDING-LEFT:33px; MARGIN-BOTTOM:0px">Purchase of property and equipment</p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=71 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>(12,433</p></td>
<td width=13 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td></tr>
<tr> <td width=315 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-12px; PADDING-LEFT:33px; MARGIN-BOTTOM:0px">Website development costs</p></td>
<td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=14 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p>&nbsp;</p></td> <td width=61 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=14 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p>&nbsp;</p></td> <td width=61 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=14 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p>&nbsp;</p></td> <td width=71 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>(10,309</p></td> <td width=13 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td></tr> <tr> <td width=315 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px"><b>Net Cash From Investing Activities</b></p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=71 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>(22,742</p></td>
<td width=13 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td></tr>
<tr> <td width=315 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=71 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=13 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=315 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px">
<b>Cash Flows from Financing Activities</b></p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=71 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=13 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=315 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-12px; PADDING-LEFT:33px; MARGIN-BOTTOM:0px">Stock offering costs</p></td>
<td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td>
<td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=71 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>(6,072</p></td>
<td width=13 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td></tr>
<tr> <td width=315 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-12px; PADDING-LEFT:33px; MARGIN-BOTTOM:0px">Related-party receivable</p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=71 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>(1,000</p></td>
<td width=13 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">)</p></td></tr>
<tr> <td width=315 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-12px; PADDING-LEFT:33px; MARGIN-BOTTOM:0px">Proceeds from the issuance of common stock</p></td>
<td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=14 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p>&nbsp;</p></td> <td width=61 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=14 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p>&nbsp;</p></td> <td width=61 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=14 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p>&nbsp;</p></td> <td width=71 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;87,150</p></td> <td width=13 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=315 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px">
<b>Net Cash From Financing Activities</b></p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=71 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;80,078</p></td> <td width=13 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=315 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=71 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=13 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=315 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px">
<b>Net Increase In Cash</b></p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td>
<td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td>
<td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=71 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=13 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=315 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px">
<b>Beginning Cash Balance</b></p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td>
<td width=14 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom> <p>&nbsp;</p></td>
<td width=61 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p>&nbsp;</p></td> <td width=61 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p>&nbsp;</p></td> <td width=71 style="BORDER-BOTTOM:#000000 1px solid; BACKGROUND-COLOR:#ffffff" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=13 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=315 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px">
<b>Ending Cash Balance</b></p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td>
<td width=14 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#eaf9e8" valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">$</p></td>
<td width=61 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#eaf9e8" valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&#151; </p></td>
<td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=14 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">$</p></td> <td width=61 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&#151; </p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=14 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">$</p></td> <td width=71 style="BORDER-BOTTOM:#000000 3px double; BACKGROUND-COLOR:#eaf9e8" valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&#151; </p></td> <td width=13 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=315 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=71 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=13 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=315 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-24px; PADDING-LEFT:24px; MARGIN-BOTTOM:0px">
<b>Supplemental Disclosure of Cash Flow Information:</b></p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=71 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=13 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td></tr>
<tr> <td width=315 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-12px; PADDING-LEFT:33px; MARGIN-BOTTOM:0px">Cash paid during the year for interest</p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td>
<td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#ffffff valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">$</p></td> <td width=71 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&#151; </p></td> <td width=13 style=BACKGROUND-COLOR:#ffffff valign=bottom>
<p>&nbsp;</p></td></tr> <tr> <td width=315 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; TEXT-INDENT:-12px; PADDING-LEFT:33px; MARGIN-BOTTOM:0px">Cash paid during the year for income taxes</p></td>
<td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td>
<td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=61 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&nbsp;&#151; </p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td> <td width=3 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom> <p>&nbsp;</p></td> <td width=14 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px">$</p></td> <td width=71 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p style="MARGIN-TOP:2px; MARGIN-BOTTOM:0px" align=right>&#151; </p></td> <td width=13 style=BACKGROUND-COLOR:#eaf9e8 valign=bottom>
<p>&nbsp;</p></td></tr></table> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center>See accompanying notes to financial statements.</p>
<p style=MARGIN:0px align=center><br><br></p> <p style="LINE-HEIGHT:14pt; MARGIN:0px; FONT-SIZE:12pt" align=center>5</p>
<p style=MARGIN:0px><br></p> <hr size=1 noshade style="MARGIN-TOP:9px; MARGIN-BOTTOM:9px"> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center>
<b>Bear Lake Recreation, Inc.</b></p> <p style=MARGIN:0px align=center><b>(A Development Stage Company) </b></p>
<a name=_Toc126992282 /> <p style=MARGIN:0px align=center><b>Notes to Condensed Financial Statements</b></p>
<p style=MARGIN:0px align=center><b>September 30, 2009</b></p> <p style=MARGIN:0px align=center><b>(Unaudited)</b></p>
<p style="MARGIN-TOP:13px; MARGIN-BOTTOM:0px"><br></p> <p style=MARGIN:0px align=justify><b>NOTE 1 BASIS OF PRESENTATION </b></p>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The accompanying financial statements have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. The interim financial statements reflect all adjustments, consisting of normal recurring adjustments which, in the opinion of management, are necessary to present a fair statement of the results for the period. </p>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company&#146;s Annual Report on Form 10-K for the year ended June 30, 2009. The results of operations for the period ended September 30, 2009, are not necessarily indicative of the operating results for the full year. </p>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>NOTE 2 LIQUIDITY/GOING CONCERN </b></p>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The Company does not have significant assets, nor has it established operations, and has accumulated losses since inception. These factors raise substantial doubt about the Company&#146;s ability to continue as a going concern. It is the intent of the Company to seek a merger with an existing, well-capitalized operating company. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. </p>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>NOTE 3 RELATED PARTY TRANSACTIONS </b></p>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>The Company had expenses paid in its behalf by a shareholder in the amount of $3,966 during the quarter. The balance due the shareholder is $57,733 as of September 30, 2009. The unsecured loan bears no interest and is due on demand.</p>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>NOTE 4 RECENT ACCOUNTING PRONOUNCEMENTS</b></p>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Effective July 1, 2009, the Company adopted the Financial Accounting Standards Board (&#147;FASB&#148;) Accounting Standards Codification (&#147;ASC&#148;) 105-10,
<i>Generally Accepted Accounting Principles &#150; Overall</i> (&#147;ASC 105-10&#148;), which was formerly known as SFAS 168. &nbsp;ASC 105-10 establishes the
<i>FASB Accounting Standards Codification</i> (the &#147;Codification&#148;) as the source of authoritative accounting principles recognized by the FASB to be applied by nongovernmental entities in the preparation of financial statements in conformity with U.S. GAAP. &nbsp;Rules and interpretive releases of the SEC under authority of federal securities laws are also sources of authoritative U.S. GAAP for SEC registrants. &nbsp;All guidance contained in the Codification carries an equal level of authority. &nbsp;The Codification superseded all existing non-SEC accounting and reporting standards and all other non-grandfathered, non-SEC accounting literature not included in the Positions or Emerging Issues Task Force Abstracts. &nbsp;Instead, it will issue Accounting Standards Updates (&#147;ASUs&#148;). &nbsp;The FASB will not consider ASUs as authoritative in their own right. ASUs will serve only to update the Codification, provide background information about the guidance and provide the bases of conclusions
 on the change(s) in the Codification. &nbsp;References made to FASB guidance throughout this document have been updated for the Codification.</p>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>In December 2007, the FASB issued SFAS No. 141 (revised 2007), Business Combinations (&#147;SFAS 141R&#148;), which was primarily codified into Topic 805 &#147;Business Combinations&#148; in the ASC, and SFAS No. 160, Noncontrolling Interests in Consolidated Financial Statements, an amendment of Accounting Research Bulletin No. 51(&#147;SFAS 160&#148;), which was primarily codified into Topic 810 &#147;Consolidations&#148; in the ASC. SFAS No. 141R requires an acquirer to measure the identifiable assets acquired, the liabilities assumed and any noncontrolling interest in the acquiree at their fair values on the acquisition date, with goodwill being the excess value over the net identifiable </p>
<p style=MARGIN:0px align=justify><br><br></p> <p style="LINE-HEIGHT:14pt; MARGIN:0px; FONT-SIZE:12pt" align=center>6</p>
<p style=MARGIN:0px><br></p> <hr size=1 noshade style="MARGIN-TOP:9px; MARGIN-BOTTOM:9px"> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=justify>assets acquired. &nbsp;SFAS No. 160 clarifies that a noncontrolling interest in a subsidiary should be reported as equity in the consolidated financial statements. The calculation of earnings per share will continue to be based on income amounts attributable to the parent. SFAS No. 141R and SFAS No. 160 are effective for financial statements issued for fiscal years beginning after December 15, 2008. &nbsp;Early adoption is prohibited. &nbsp;SFAS No. 141R will impact the valuation of business acquisitions made in 2009 and forward. &nbsp;The Company adopted SFAS No. 160 on July 1, 2009. As a result, implementation of SFAS No. 160 had no impact on the Company&#146;s condensed consolidated financial statements. &nbsp;&nbsp;</p>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px>In March 2008, the FASB issued SFAS No. 161, Disclosures about Derivative Instruments and Hedging Activities, an amendment of FASB Statement No. 133 (&#147;SFAS 161&#148;), which was primarily codified into Topic 815 &#147;Derivatives and Hedging&#148; in the ASC. SFAS 161 requires enhanced disclosures about an entity&#146;s derivative instruments and hedging activities including: (1) how and why an entity uses derivative instruments; (2) how derivative instruments and related hedged items are accounted for under SFAS 133 and its related interpretations; and (3) how derivative instruments and related hedged items affect an entity&#146;s financial position, financial performance and cash flows. SFAS 161 is effective for financial statements issued for fiscal years and interim periods beginning after November 15, 2008, with earlier application encouraged. The Company adopted SFAS No. 161 on January 1, 2009. Implementation of SFAS No. 161 had no imp
act on the Company&#146;s condensed consolidated financial statements.</p>
<p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=justify>The Company has reviewed all other recently issued, but not yet adopted, accounting standards in order to determine their effects, if any, on its consolidated results of operation, financial position or cash flows.&nbsp; Based on that review, the Company believes that none of these pronouncements will have a significant effect on its consolidated financial statements.</p>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>NOTE 5 SUBSEQUENT EVENTS</b></p>
<p style=MARGIN:0px align=justify><br></p><a name=FIS_FINANCIAL_STATEMENTS /> <p style=MARGIN:0px align=justify>The Company has evaluated subsequent events through November 9, 2009, the date the financial statements were issued, and has concluded that no recognized or nonrecognized subsequent events have occurred since the quarter ended September&nbsp;30, 2009.</p>
<p style=MARGIN:0px align=justify><br><br></p> <p style="LINE-HEIGHT:14pt; MARGIN:0px; FONT-SIZE:12pt" align=center>7</p>
<p style=MARGIN:0px><br></p> <hr size=1 noshade style="MARGIN-TOP:9px; MARGIN-BOTTOM:9px"> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=justify>
<b>Item 2. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations.</b></p>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px><b>Forward-looking Statements</b></p>
<p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=justify>Statements made in this Quarterly Report which are not purely historical are forward-looking statements with respect to the goals, plan objectives, intentions, expectations, financial condition, results of operations, future performance and our business, including, without limitation, (i) our ability to raise capital, and (ii) statements preceded by, followed by or that include the words &#147;may,&#148; &#147;would,&#148; &#147;could,&#148; &#147;should,&#148; &#147;expects,&#148; &#147;projects,&#148; &#147;anticipates,&#148; &#147;believes,&#148; &#147;estimates,&#148; &#147;plans,&#148; &#147;intends,&#148; &#147;targets&#148; or similar expressions.</p>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond our control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following, general economic or industry conditions, nationally and/or in the communities in which we may conduct business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, our ability to raise capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, other economic, competitive, governmental, regulatory and technical factors affecting our current or potential business and related matters.</p>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Accordingly, results actually achieved may differ materially from expected results in these statements. &nbsp;Forward-looking statements speak only as of the date they are made. &nbsp;We do not undertake, and specifically disclaim, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statements.</p>
<p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=justify><b>Plan of Operations</b></p> <p style=MARGIN:0px align=justify>
<br></p> <p style=MARGIN:0px align=justify>Our Company&#146;s plan of operation for the next 12 months is to: (i) consider guidelines of industries in which our Company may have an interest; (ii) adopt a business plan regarding engaging in business in any selected industry; and (iii) to commence such operations through funding and/or the acquisition of a going concern engaged in any industry selected.</p>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>During the next 12 months, our only foreseeable cash requirements will relate to maintaining our good standing; the payment of our Securities and Exchange Commission and the Exchange Act reporting filing expenses, including associated legal and accounting fees; costs incident to reviewing or investigating any potential business venture; and maintaining our good standing as a corporation in our state of organization. &nbsp;Because a principal shareholder has been paying all of the operating expenses, management does not anticipate that we will have to raise additional funds during the next 12 months.</p>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Our common stock currently trades on the Over-the-Counter Bulletin Board (OTCBB) under the symbol BLKE.OB.</p>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px><b>Results of Operations</b></p> <p style=MARGIN:0px>
<br></p> <p style=MARGIN:0px align=justify><b>Three Months Ended September 30, 2009 Compared to Three Months Ended September 30, 2008</b></p>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>We had no operations during the quarterly period ended September 30, 2009, nor do we have operations as of the date of this filing. &nbsp;In the quarterly period ended September 30, 2009, we had sales of $0, compared to the quarterly period ended September 30, 2008, with sales of $0. General and administrative expenses were $4,137 for the September 30, 2009, period compared to $6,355 for the September 30, 2008, period. General and administrative expenses for the three months ended September 30, 2009, were comprised mainly of accounting, legal and other fees, and the decreased general and administrative expenses for the 2009 quarterly period over the 2008 quarterly period was limited to decreased audit fees. We had a net loss of $4,137 for the September 30, 2009, period compared to a net loss of $6,355 for the September 30, 2008, period.</p>
<p style=MARGIN:0px align=justify><br><br></p> <p style="LINE-HEIGHT:14pt; MARGIN:0px; FONT-SIZE:12pt" align=center>8</p>
<p style=MARGIN:0px><br></p> <hr size=1 noshade style="MARGIN-TOP:9px; MARGIN-BOTTOM:9px"> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=justify>
<b>Liquidity and Capital Requirements</b></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>We had no cash or cash equivalents on hand. If additional funds are required, such funds may be advanced by management or shareholders as loans to us. &nbsp;During the quarterly period ended September 30, 2009, expenses were paid by a principal shareholder in the amount of $3,966, and during the quarterly period ended September 30, 2008, additional expenses paid by a principal shareholder totaled $4,711. The aggregate amount of $57,733 is outstanding as of September 30, 2009, is non-interest bearing, unsecured and due on demand. Because we have not identified any acquisition or venture, it is impossible to predict the amount of any such loan.</p>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><b>Off-balance Sheet Arrangements</b></p>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>None; not applicable</p>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px><b>Item 3. &nbsp;Quantitative and Qualitative Disclosures About Market Risk.</b></p>
<p style=MARGIN:0px><br></p> <p style=MARGIN:0px>Not required.</p> <p style=MARGIN:0px align=justify>
<br></p> <p style=MARGIN:0px><b>Item 4(T). &nbsp;Controls and Procedures.</b></p> <p style=MARGIN:0px align=justify>
<br></p><a name=fis_control_and_procedures /> <p style=MARGIN:0px align=justify><b>Evaluation of Disclosure Controls and Procedures</b></p>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act) are designed to ensure that information required to be disclosed in reports filed or submitted under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in rules and forms adopted by the Securities and Exchange Commission, and that such information is accumulated and communicated to management, including the President and Secretary, to allow timely decisions regarding required disclosures. </p>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>Under the supervision and with the participation of our management, including our President and Secretary, we evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act).&nbsp; Based upon that evaluation, our President and Secretary concluded that, as of the end of the period covered by this report, our disclosure controls and procedures were effective.</p>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px><b>Changes in Internal Control Over Financial Reporting </b></p>
<p style=MARGIN:0px align=justify><br></p> <p style="LINE-HEIGHT:normal; MARGIN:0px" align=justify>During the most recent fiscal quarter covered by this Quarterly Report, there has been no change in our internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act) that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting
<font style=FONT-SIZE:12pt>.</font></p> <p style=MARGIN:0px><br></p><a name=fis_part_ii /> <p style=MARGIN:0px align=center>
<b>PART II - OTHER INFORMATION </b></p> <p style=MARGIN:0px><br></p><a name=fis_legal_proceeding /><a name=fis_exhibits_reports />
<p style=MARGIN:0px><b>Item 1. Legal Proceedings</b></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>None; not applicable. </p>
<p style=MARGIN:0px><br></p> <p style=MARGIN:0px><b>Item 1A. Risk Factors</b></p> <p style=MARGIN:0px>
<br></p> <p style=MARGIN:0px>Not required.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><b>Item 2. Unregistered Sales of Equity Securities and Use of Proceeds</b></p>
<p style=MARGIN:0px><br></p> <p style=MARGIN:0px>None; not applicable.</p> <p style=MARGIN:0px><br></p>
<a name=fis_default_securities /> <p style=MARGIN:0px><b>Item 3. Defaults Upon Senior Securities</b></p>
<p style=MARGIN:0px><br></p> <p style=MARGIN:0px>None; not applicable. </p> <p style=MARGIN:0px><br><br></p>
<p style="LINE-HEIGHT:14pt; MARGIN:0px; FONT-SIZE:12pt" align=center>9</p> <p style=MARGIN:0px><br></p>
<hr size=1 noshade style="MARGIN-TOP:9px; MARGIN-BOTTOM:9px"> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px">
<b>Item 4. Submission of Matters to a Vote of Security Holders</b></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>None; not applicable. </p>
<p style=MARGIN:0px><br></p><a name=fis_other_information /> <p style=MARGIN:0px><b>Item 5. Other Information</b></p>
<p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>None; not applicable.</p>
<p style=MARGIN:0px><br></p> <p style=MARGIN:0px><b>Item 6. Exhibits</b></p> <p style=MARGIN:0px><br></p>
<p style=MARGIN:0px>(a) Exhibits</p> <p style=MARGIN:0px><br></p><a name=fis_certification /> <p style=MARGIN:0px>All Sarbanes-Oxley Certifications follow the signature line at the end of this Quarterly Report.</p>
<p style=MARGIN:0px><br></p> <p style=MARGIN:0px>(b) Reports on Form 8-K</p> <p style=MARGIN:0px><br></p>
<a name=fis_unidentified_table_4 /> <p style=MARGIN:0px align=justify>None.</p><a name=fis_signatures />
<p style="MARGIN-TOP:12px; MARGIN-BOTTOM:0px" align=center><b>SIGNATURES</b></p> <p style="MARGIN-TOP:12px; MARGIN-BOTTOM:0px" align=justify>Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</p>
<p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center><b>BEAR LAKE RECREATION, INC.</b></p>
<p style=MARGIN:0px align=center><b>(Issuer)</b></p> <p style=MARGIN:0px align=center><br></p> <table style=FONT-SIZE:10pt cellspacing=0 align=center>
<tr height=0 style=FONT-SIZE:0px> <td width=51 /> <td width=146 /> <td width=30 /> <td width=40 /> <td width=252 /></tr>
<tr> <td width=51 valign=top> <p style=MARGIN:0px><i>Date:</i></p></td> <td width=146 valign=top> <p style=MARGIN:0px>
<i>11/09/09</i></p></td> <td width=30 valign=top> <p>&nbsp;</p></td> <td width=40 valign=top> <p style=MARGIN:0px>
<i>By:</i></p></td> <td width=252 valign=top> <p style=MARGIN:0px><i>/s/Wayne Bassham</i></p></td></tr>
<tr> <td width=51 valign=top> <p>&nbsp;</p></td> <td width=146 valign=top> <p>&nbsp;</p></td> <td width=30 valign=top>
<p>&nbsp;</p></td> <td width=40 valign=top> <p>&nbsp;</p></td> <td width=252 valign=top> <p style=MARGIN:0px>
<i>Wayne Bassham, President and Director</i></p></td></tr></table> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>
<br></p> <p style="MARGIN-TOP:12px; MARGIN-BOTTOM:0px" align=justify>Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, this Quarterly Report has also been signed below by the following person on behalf of the Registrant and in the capacities and on the dates indicated.
<a name=Q607_HTM_Q307_HTM_EOLPAGE12 /></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px>
<br></p> <table style=FONT-SIZE:10pt cellspacing=0 align=center> <tr height=0 style=FONT-SIZE:0px> <td width=51 />
<td width=146 /> <td width=30 /> <td width=40 /> <td width=252 /></tr> <tr> <td width=51 valign=top>
<p style=MARGIN:0px><i>Date:</i></p></td> <td width=146 valign=top> <p style=MARGIN:0px><i>11/09/09</i></p></td>
<td width=30 valign=top> <p>&nbsp;</p></td> <td width=40 valign=top> <p style=MARGIN:0px><i>By:</i></p></td>
<td width=252 valign=top> <p style=MARGIN:0px><i>/s/Todd Albiston</i></p></td></tr> <tr> <td width=51 valign=top>
<p>&nbsp;</p></td> <td width=146 valign=top> <p>&nbsp;</p></td> <td width=30 valign=top> <p>&nbsp;</p></td>
<td width=40 valign=top> <p>&nbsp;</p></td> <td width=252 valign=top> <p style=MARGIN:0px><i>Todd Albiston, Secretary and Director</i></p></td></tr></table>
<p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><br><br></p> <p style="LINE-HEIGHT:14pt; MARGIN:0px; FONT-SIZE:12pt" align=center>10</p>
<p style=MARGIN:0px><br></p></div></body>
<!-- EDGAR Validation Code: ED267CB9 -->
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31
<SEQUENCE>2
<FILENAME>exhibit31wb.htm
<DESCRIPTION>302 CERTIFICATION OF WAYNE BASSHAM
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Exhibit 31</TITLE>
<META NAME="author" CONTENT="Christina R. Ahlstrom">
<META NAME="date" CONTENT="11/06/2009">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:576px"><P style="margin:0px" align=center><B>Exhibit 31 </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>CERTIFICATION PURSUANT TO </B></P>
<A NAME="FIS_CERTIFICATION_3"></A><P style="margin:0px" align=center><B>SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Bear Lake Recreation, Inc. (the &#147;Registrant&#148;), certify that: </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=justify>1. &nbsp;I have reviewed this Quarterly Report on Form 10-Q of the Registrant; </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>2. &nbsp;Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=justify>3. &nbsp;Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report; </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>4. &nbsp;The Registrant other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f) and 15d-15(f)) for the Registrant and have: </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principals;</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>c) evaluated the effectiveness of the Registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>d) disclosed in this report any change in the Registrant&#146;s internal control over financial reporting that occurred during the Registrant&#146;s most recent fiscal quarter (the Registrant&#146;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant&#146;s internal control over financial reporting; and </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>5. &nbsp;The Registrant&#146;s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant&#146;s auditors and the audit committee of the Registrant&#146;s board of directors (or persons performing the equivalent functions); </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant&#146;s ability to record, process, summarize and report financial information; and </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>b) any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant&#146;s internal control over financial reporting. </P>
<P style="margin:0px" align=justify><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=49.933></TD><TD width=122.133></TD><TD width=47.6></TD><TD width=39.6></TD><TD width=262.133></TD></TR>
<TR><TD valign=top width=49.933><P style="margin:0px"><I>Date:</I></P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=122.133><P style="margin:0px"><I>11/09/09</I></P>
</TD><TD valign=top width=47.6><P>&nbsp;</P></TD><TD valign=top width=39.6><P style="margin:0px"><I>By:</I></P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=262.133><P style="margin:0px"><I>/s/Wayne Bassham</I></P>
</TD></TR>
<TR><TD valign=top width=49.933><P>&nbsp;</P></TD><TD valign=top width=122.133><P>&nbsp;</P></TD><TD valign=top width=47.6><P>&nbsp;</P></TD><TD valign=top width=39.6><P>&nbsp;</P></TD><TD valign=top width=262.133><P style="margin:0px"><I>Wayne Bassham</I></P>
</TD></TR>
<TR><TD valign=top width=49.933><P>&nbsp;</P></TD><TD valign=top width=122.133><P>&nbsp;</P></TD><TD valign=top width=47.6><P>&nbsp;</P></TD><TD valign=top width=39.6><P>&nbsp;</P></TD><TD valign=top width=262.133><P style="margin:0px"><I>President and Director</I></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
</DIV></BODY>
<!-- EDGAR Validation Code: 7B2948A0 -->
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31
<SEQUENCE>3
<FILENAME>exhibit31ta.htm
<DESCRIPTION>302 CERTIFICATION OF TODD ALBISTON
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Exhibit 31</TITLE>
<META NAME="author" CONTENT="Christina R. Ahlstrom">
<META NAME="date" CONTENT="11/06/2009">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:624px"><P style="margin:0px" align=center><B>Exhibit 31 </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>CERTIFICATION PURSUANT TO </B></P>
<A NAME="FIS_CERTIFICATION_3"></A><P style="margin:0px" align=center><B>SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Bear Lake Recreation, Inc. (the &#147;Registrant&#148;), certify that: </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=justify>1. &nbsp;I have reviewed this Quarterly Report on Form 10-Q of the Registrant; </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>2. &nbsp;Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=justify>3. &nbsp;Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report; </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>4. &nbsp;The Registrant other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f) and 15d-15(f)) for the Registrant and have: </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principals;</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>c) evaluated the effectiveness of the Registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>d) disclosed in this report any change in the Registrant&#146;s internal control over financial reporting that occurred during the Registrant&#146;s most recent fiscal quarter (the Registrant&#146;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant&#146;s internal control over financial reporting; and </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>5. &nbsp;The Registrant&#146;s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant&#146;s auditors and the audit committee of the Registrant&#146;s board of directors (or persons performing the equivalent functions); </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant&#146;s ability to record, process, summarize and report financial information; and </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>b) any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant&#146;s internal control over financial reporting. </P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=50.8></TD><TD width=132.667></TD><TD width=99.067></TD><TD width=39.533></TD><TD width=232.667></TD></TR>
<TR><TD valign=top width=50.8><P style="margin:0px"><I>Date:</I></P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=132.667><P style="margin:0px"><I>11/09/09</I></P>
</TD><TD valign=top width=99.067><P>&nbsp;</P></TD><TD valign=top width=39.533><P style="margin:0px"><I>By:</I></P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=232.667><P style="margin:0px"><I>/s/Todd Albiston</I></P>
</TD></TR>
<TR><TD valign=top width=50.8><P>&nbsp;</P></TD><TD valign=top width=132.667><P>&nbsp;</P></TD><TD valign=top width=99.067><P>&nbsp;</P></TD><TD valign=top width=39.533><P>&nbsp;</P></TD><TD valign=top width=232.667><P style="margin:0px"><I>Todd Albiston</I></P>
</TD></TR>
<TR><TD valign=top width=50.8><P>&nbsp;</P></TD><TD valign=top width=132.667><P>&nbsp;</P></TD><TD valign=top width=99.067><P>&nbsp;</P></TD><TD valign=top width=39.533><P>&nbsp;</P></TD><TD valign=top width=232.667><P style="margin:0px"><I>Secretary and Director</I></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
</DIV></BODY>
<!-- EDGAR Validation Code: 6DAC5E0D -->
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32
<SEQUENCE>4
<FILENAME>exhibit32.htm
<DESCRIPTION>906 CERTIFICATION
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Exhibit 32</TITLE>
<META NAME="author" CONTENT="Christina R. Ahlstrom">
<META NAME="date" CONTENT="11/06/2009">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<A NAME="EX32_HTM_EX32_HTM_EX32"></A><DIV style="width:576px"><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>Exhibit 32 </B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>CERTIFICATION PURSUANT TO </B></P>
<P style="margin:0px" align=center><B>18 U.S.C. SECTION 1350 </B></P>
<P style="margin:0px" align=center><B>AS ADOPTED PURSUANT TO </B></P>
<P style="margin:0px" align=center><B>SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 </B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=justify>In connection with the Quarterly Report of Bear Lake Recreation, Inc. (the &#147;Registrant&#148;) on Form 10-Q for the quarter ending September 30, 2009, as filed with the Securities and Exchange Commission on the date hereof (the &#147;Quarterly Report&#148;), we, Wayne Bassham, Principal Executive Officer, and Todd Albiston, Principal Financial Officer, of the Registrant, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that: </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>(1) The Quarterly Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>(2) The information contained in the Quarterly Report fairly presents, in all material respects, the financial condition and result of operations of the Registrant. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=49.733></TD><TD width=125.2></TD><TD width=85.4></TD><TD width=38.467></TD><TD width=207.933></TD></TR>
<TR><TD valign=top width=49.733><P style="margin:0px"><I>Date:</I></P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=125.2><P style="margin:0px"><I>11/09/09</I></P>
</TD><TD valign=top width=85.4><P>&nbsp;</P></TD><TD valign=top width=38.467><P style="margin:0px"><I>By:</I></P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=207.933><P style="margin:0px"><I>/s/Wayne Bassham</I></P>
</TD></TR>
<TR><TD valign=top width=49.733><P>&nbsp;</P></TD><TD valign=top width=125.2><P>&nbsp;</P></TD><TD valign=top width=85.4><P>&nbsp;</P></TD><TD valign=top width=38.467><P>&nbsp;</P></TD><TD valign=top width=207.933><P style="margin:0px"><I>Wayne Bassham</I></P>
</TD></TR>
<TR><TD valign=top width=49.733><P>&nbsp;</P></TD><TD valign=top width=125.2><P>&nbsp;</P></TD><TD valign=top width=85.4><P>&nbsp;</P></TD><TD valign=top width=38.467><P>&nbsp;</P></TD><TD valign=top width=207.933><P style="margin:0px"><I>President and Director</I></P>
</TD></TR>
<TR><TD valign=top width=49.733><P>&nbsp;</P></TD><TD valign=top width=125.2><P>&nbsp;</P></TD><TD valign=top width=85.4><P>&nbsp;</P></TD><TD valign=top width=38.467><P>&nbsp;</P></TD><TD valign=top width=207.933><P style="margin:0px"><I>Bear Lake Recreation, Inc.</I></P>
</TD></TR>
<TR><TD valign=top width=49.733><P>&nbsp;</P></TD><TD valign=top width=125.2><P>&nbsp;</P></TD><TD valign=top width=85.4><P>&nbsp;</P></TD><TD valign=top width=38.467><P>&nbsp;</P></TD><TD valign=top width=207.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=49.733><P style="margin:0px"><I>Date:</I></P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=125.2><P style="margin:0px"><I>11/09/09</I></P>
</TD><TD valign=top width=85.4><P>&nbsp;</P></TD><TD valign=top width=38.467><P style="margin:0px"><I>By:</I></P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=207.933><P style="margin:0px"><I>/s/Todd Albiston</I></P>
</TD></TR>
<TR><TD valign=top width=49.733><P>&nbsp;</P></TD><TD valign=top width=125.2><P>&nbsp;</P></TD><TD valign=top width=85.4><P>&nbsp;</P></TD><TD valign=top width=38.467><P>&nbsp;</P></TD><TD valign=top width=207.933><P style="margin:0px"><I>Todd Albiston</I></P>
</TD></TR>
<TR><TD valign=top width=49.733><P>&nbsp;</P></TD><TD valign=top width=125.2><P>&nbsp;</P></TD><TD valign=top width=85.4><P>&nbsp;</P></TD><TD valign=top width=38.467><P>&nbsp;</P></TD><TD valign=top width=207.933><P style="margin:0px"><I>Secretary and Director</I></P>
</TD></TR>
<TR><TD valign=top width=49.733><P>&nbsp;</P></TD><TD valign=top width=125.2><P>&nbsp;</P></TD><TD valign=top width=85.4><P>&nbsp;</P></TD><TD valign=top width=38.467><P>&nbsp;</P></TD><TD valign=top width=207.933><P style="margin:0px"><I>Bear Lake Recreation, Inc.</I></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
</DIV></BODY>
<!-- EDGAR Validation Code: 99954811 -->
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
