Company Name - Current Share Register 12/31/2006

Employee and Directors Equity - Vesting

Number Percent of
Issued to Remaining to Allocated to Vested as of Used for Fully
Trusts be Allocated Individuals 20061231 Fully Diluted Diluted Data For Graph

Founders Shares 2,000,000 665,753 2,000,000 24% Founders Shares 24%

Employee Trust 24%
Employee Trust 2,000,000 1,700,000 300,000 99,863 2,000,000 24% Directors Trust 12%
Seed Round 29%
Directors Trust 1,000,000 300,000 700,000 233,014 1,000,000 12% Expansion Round 12%
Check total 100%
Options None created yet

Subtotals 3,000,000 2,000,000 3,000,000 998,630 5,000,000 59%

Company Name Percentage of Shares Fully Diluted
Purchased Shares - Vested

Total
Shares
Price/share Total Subs $ Issued
Expansion Round
12%
Seed Round $0.20 $501,000 2,505,000 2,505,000 29%

Expansion Round $0.50 $500,000 1,000,000 1,000,000 12%

Founders Shares
24%
Seed Round
29% Employee Trust
24%
Subtotals $1,001,000 3,505,000 3,505,000 41%

Total Shares Purchased and Vested Employee and Director Shares and Options 4,503,630

Total Shares Purchased and Allocated Employee and Director Shares and Options 6,505,000
Directors Trust
12%
Total Shares and Issued Employee and Directors Shares and Options = Fully Diluted 8,505,000
Company Name - Projected Share Register 3/31/2007

Employee and Directors Equity - Vesting

Remaining Number Used Percent of

Issued to to be Allocated to Vested as of for Fully Fully
Trusts Allocated Individuals 2007331 Diluted Diluted Data For Graph

Founders Shares 2,000,000 1,000,000 2,000,000 19% Founders Shares 19%

Employee Trust 19%
Employee Trust 2,000,000 1,700,000 500,000 300,000 2,000,000 19% Directors Trust 10%
Seed Round 24%
Directors Trust 1,000,000 300,000 400,000 200,000 1,000,000 10% Expansion Round 10%
Projected Round 19%
Check total 100%
Options None created yet

Subtotals 3,000,000 2,000,000 2,900,000 1,500,000 5,000,000 48%

Company Name Projected Shares Fully Diluted
Purchased Shares - Vested

Total Subs Total Shares

Price/share $ Issued
Projected Round Founders Shares
Seed Round $0.20 $501,000 2,505,000 2,505,000 24% 19% 19%

Expansion Round $0.50 $500,000 1,000,000 1,000,000 10%

Projected Round $1.00 $2,000,000 2,000,000 2,000,000 19% Expansion Round

10%

Subtotals $3,001,000 5,505,000 5,505,000 52% Employee Trust

Seed Round 19%
24%
Total Shares Purchased and Vested Employee and Director Shares and Options 7,005,000

Total Shares Purchased and Allocated Employee and Director Shares and Options 8,405,000 Directors Trust
10%

Total Shares and Issued Employee and Directors Shares and Options = Fully Diluted 10,505,000

Notes
This projection shows the effect of the next round of financing.
The vested numbers above need to be calculated in a separate sheet and manually entered.
Company Name Founders Shares 12/31/2006

Shares Vesting Shares Vested Conf

Registered Name Title Issued Start Date as of 20061223 Type Cert # Contact E-mail Address sent? Notes

Joe Founder CEO 1,000,000 1/1/2005 332,877 Class B Common 5 Bob Smith Joe@yourcompany.ca Yes or No
Other Founder CTO 1,000,000 1/1/2005 332,877 Class B Common 6 Bob Smith other@yourcompany.ca Yes or No

Total Founders Shares 2,000,000 665,753

Notes:
All shares vest 50% linearly over three years and 50% on a sale of the company.
For a description of the vesting mechanics see http://www.angelblog.ca/Vesting.htm
Company Name Employee Trust 12/31/2006

Shares Remaining to Shares Vesting Shares Vested

Registered Name Title Issued be Issued Allocated Start Date as of 20061223 Type Cert # Contact E-mail Address Conf sent? Notes

Initial Shares in Trust 2,000,000

Bob Newhire VP Sales 200,000 1/1/2005 66,575 Class B Common 5 Bob Smith bob@yourcompany.ca Yes or No
Ican Code Developer 100,000 1/1/2005 33,288 Class B Common 6 Bob Smith Ican@yourcompany.ca Yes or No

Total Employee Trust 2,000,000 1,700,000 300,000 99,863

Notes:
All shares vest 50% linearly over three years and 50% on a sale of the company.
For a description of the vesting mechanics see http://www.angelblog.ca/Vesting.htm
This Trust started with 20% of the total number of shares outstanding at the seed round.
Company Name Director Trust 12/31/2006

Shares Remaining to Shares Vesting Shares Vested Conf

Registered Name Title Issued be Issued Allocated Start Date as of 20061223 Type Cert # Contact E-mail Address sent? Notes

Initial Shares in Trust 1,000,000

Bill Senior Chairman 500,000 1/1/2005 166,438 Class B C 5 Bob Smith hisemail@domain.ca Yes or No
Great Director Director 200,000 1/1/2005 66,575 Class B C 6 Bob Smith hisemail@domain.ca Yes or No

Total Director Trust 1,000,000 300,000 700,000 233,014

Notes:
All shares vest 50% linearly over three years and 50% on a sale of the company.
For a description of the vesting mechanics see http://www.angelblog.ca/Vesting.htm
This Trust started with 10% of the total number of shares outstanding at the seed round.
Company Name Options 12/31/2006

Shares Remaining to Shares Vesting Start Shares Vested Conf

Registered Name Title Issued be Issued Allocated Date as of 20061223 Type Cert # Contact E-mail Address sent? Notes

Total Option Pool None created yet

0 Options Yes or No
0 Options Yes or No

Total Options 0 0 0 0

Notes:
All shares vest 50% linearly over three years and 50% on a sale of the company.
For a description of the vesting mechanics see http://www.angelblog.ca/Vesting.htm
This Trust started with 10% of the total number of shares outstanding at the seed round.
Company Name Seed Round Class A Common Shares at $0.20/share completed 20050830

Registered Name Reference Investment Date Price Shares Type Cert # Contact E-mail Address Conf sent Notes

Angel Holdco Inc. Bob Smith's holding co. $1,000 20050630 $0.20 5,000 Class A Common 2 Bob Smith bob@Angelhold.ca Mailing Ad 20050830 Paid by cheque number #221 from Angel Holdco Inc.
Other Investor $500,000 20050630 $0.20 2,500,000 Class A Common 3 Bob Smith bob@Angelhold.ca 20050830 Paid by cheque number #221 from Angel Holdco Inc.

Total Seed Round $501,000 2,505,000

Notes:
These are the column headings for a standard share register.
Company Name Expansion Round Class A Common Shares at $0.50/share completed 20060630

Registered Name Reference Investment Date Price Shares Type Cert # Contact E-mail Address Conf sent Notes

Angel Holdco Inc. Bob Smith's holding co. $200,000 20050530 $0.50 400,000 Class A Common 4 Bob Smith bob@Angelhold.ca Last known 20060630 Paid by cheque number #233 from Angel Holdco Inc.
Other Investor $300,000 20050610 $0.50 600,000 Class A Common 5 Bob Smith bob@Angelhold.ca Address 20060630

Total Expansion Round $500,000 1,000,000

Company Name Projected Round Class A Common Shares at $1.00/share projected for 20070331

Registered Name Reference Investment Date Price Shares Type Cert # Contact E-mail Address Conf sent Notes

Total Expansion Round $2,000,000 $1.00 2,000,000

Notes:
This is the projection for the next round.
It is used in the sheet "Projected Summary."