| (c)(1) Aggregate consideration for which the securities
were issued and basis for computing the amount thereof. | Common Stock Extinguishment of debt in the amount of $3,618,079 bv the issuance of 4,483,687 shares of common stock to executive officer and employees for unpaid wages, valued at between $0.40 and $1.00 per share, based on average stock price during accrual period. Extinguishment of debts in the amount of $1,527,883 by the issuance of 1,527,887 shares of common stock valued at $1.00 per share to two vendors. Issuance of 2.,998,333 restricted stock awards granted to officers and directors as compensation for services rendered. 908,334 shares issued to consultants for services rendered to the Company, based on the market price on the date of grant varying from $.49 to $0.82 per share. Issuance of 311,100 shares of common stock upon the conversion of Class B Shares into Common Stock at a conversion rate of $.0767 per share Class C Preferred Stock Extinguishment of debt in the amount of $7.9 million pursuant to the issuance of 320,094 Class C shares to 4 vendors. Each Class C Share was priced at 12.5% of the total amount of debt. Extinguishment of debt in the amount of $3,375,000 pursuant to the issuance of 135,000 Class D Stock to 1 creditor. Each share of Class D Stock was valued at $25 per share. |