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• <br /> 9. TREASURY STOCK <br /> The Company and one.of its Officers terminated their relationship as of August 31, 2008. The Company <br /> redeemed the Officer's 15 shares of Common Stock, representing 15%of the outstanding Common Stock <br /> of the Company, for a purchase price of 5675.000. <br /> 10. COMMITMENTS AND CONT1_NGENC[L•S <br /> The Company is involved in litication arisine in the ordinary course of business. While the ultimate <br /> outcome of these matters is not presently determinable, it is the opinion of management that the resolution <br /> of outstanding claims will not have a material adverse effect on the financial position or results of <br /> operations of the Company. <br /> * . * s * * <br /> • <br /> - 9- <br /> • <br />