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<br />9. TREASmCl'STOCK <br /> <br />The Company and one of its Officers terminated Iheir relationship as of August 31, 2008. The Company <br />redeemed the Officer's 15 shares of Common Stock. representing 15% of the olltstanding Common SLOcJi <br />of the Company. for a purchase price of 5675,000. <br /> <br />10. COivli\IITMENTS AND CONTINGENCIES <br /> <br />The Company is involved in litigation arising in the ordinary course of business. While the ultimale <br />o\llcome of these mailers is no! presently determinable. ilis the opinion of management that tbe rcsolmion <br />of outstanding claims will nOI have a materia! ndvcrse effect on the financial position or results of <br />operations of the Company. <br /> <br />* * ~ * * ~ <br /> <br />" !) - <br />