Exhibit C to Securities Purchase Agreement – Schedule of Current Liabilities

Summary

This document lists the current liabilities of a company as an exhibit to a Securities Purchase Agreement. It details amounts owed to various professional service providers, such as law and accounting firms, and notes additional routine liabilities expected to accrue before the closing date. The schedule provides transparency to the buyer regarding the company's outstanding obligations at the time of the transaction.

EX-10.5 6 doc5.txt CURRENT LIABILITIES TO SPA EXHIBIT C CURRENT LIABILITIES Broad and Cassel $25,000 Berkowitz, Dick, Pollack and Brandt $16,765 Charles N. Auerbach, CPA $12,944 In addition, the following normal course liabilities will accrue prior to the date of Closing: Transfer agent fees $ 350 per month* Bowne - 9/30/02 10-QSB Edgarization $1,000 Broad and Cassel - 9/30/02 10-QSB Legal Fees $7,000 Berkowitz Dick Pollack - 9/30/02 10-QSB Accounting Fees $7,500 Internal Accountant - 9/30/02 10-QSB Bookkeeping Fees $1,000 *Paid through December 2002