NOTE 6 – 83(i) ELECTION

Sec. 83(i) provides an election that allows a qualified employee to defer the inclusion of income from the exercise of an RSU or option of the qualified stock to the point of vesting. The company will recognize the amount of compensation upon the vesting date. The company will deduct the salary compensation upon the vesting date. Until the point of vesting, the company is reporting the deferred salary of: $1,529,317 upon the balance sheet.