ITEM 1.01 ENTRYINTO A MATERIAL DEFINITIVE AGREEMENT
On September 30, 2009, we entered into a Common Stock Purchase Agreement and a
Registration Rights Agreement (collectively the "Agreements") dated August 25,
2009 with Bodie Investment Group Inc., a Michigan corporation ("Bodie") located
in Oak Park, Michigan under which we sell a number of shares of our common stock
to Bodie in consideration of $6,000,000. The purchase price of the shares of
common stock will be 90% of the then current market price, but in no event will
shares of common stock be purchased for less than $0.05. In consideration of the
foregoing, we are obligated to issue Bodie 3,000,000 restricted shares of common
stock and cashless warrants to acquire and additional 9,000,000 restricted
shares of common stock. Prior to Bodie's obligation to purchase any shares, all
of the shares and warrants must be registered in an effective registration
statement filed with the SEC and applicable states.