Ann: CU2 Global Update , page-33

Dear Wendy,

All i see in the annual report of 2011 page 38 it refers to a cBox loss of 153k and then then a note immediately below which references the 216k loss being forgiven. so i added those two numbers together to get the real losses. Seemed like simple maths to me. maybe i was wrong.

As i mentioned previously you are correct in suggesting that it be left the legal teams for both parties to sort this mess out. You and I obviously have no real idea of what is going on.

Our focus should be on supporting the company moving forward.

Regards

BT