ODEF Capital Enterprise A Wisconsin Limited Liability Company 2008 Financial Statements

© 2008 ODEF Capital Enterprise  2  Forward The following financial statements of ODEF Capital Enterprise LLC (“ODEF”) are for the period ended December 31, The financial statements were prepared in accordance with Generally Accepted Accounting Principles (“GAAP”). Significant accounting policies used in the preparation of the financial results can be found in the accompanying notes. The financial results have been summarized in the following statements: –Balance Sheet –Income Statement – Expense Ledger – Investment Ledger – Statement of Changes in Net Assets – Statement of Ownership The treatment of items evaluated under GAAP may differ from Federal, State and Local taxing jurisdictions. Since ODEF is not a “taxable entity”, each members’ Form 1065, U.S. Return of Partnership Income, Schedule K-1 may vary. The Schedule K-1 will not be provided to members until after December 31, The financial statements have been prepared to provide material direction, knowing that the financial results of ODEF will change throughout the year and should not be relied upon as the tax position for which ODEF will report to the Internal Revenue Service. The financial statements of ODEF are strictly privileged and confidential. The documents contained herein should not be distributed or shared with any person outside ODEF without the written permission of ODEF’s Board Members.

© 2008 ODEF Capital Enterprise  3  Balance Sheet Please Note: Other Asset balance consists of a quarterly charge for Goodwill. This accounts for time equity that we have invested in the partnership. There may be a revision of this amount at a later date. Side by side quarterly comparison

© 2008 ODEF Capital Enterprise  4  Income Statement Year over year comparison

© 2008 ODEF Capital Enterprise  5  Expense Ledger

© 2008 ODEF Capital Enterprise  6  Investment Ledger Below represents our principle and profit invested with Scott since we’ve started conducting business with him. The reconciliation schedule shows the total cash flow from ODEF to Scott. See the notes for further details.

© 2008 ODEF Capital Enterprise  7  Changes in Assets The Non-GAAP table above represents the value of our company per our financial records. If someone would like to buy into the fund, these are the numbers that would be presented. The GAAP financials are for audit and tax purposes only.

© 2008 ODEF Capital Enterprise  8  Statement of Ownership The graph on the left is the ownership percentage incorporating goodwill into our net capital. This would be presented to outside investors if they would like to buy into the group. The graph on the right is just pure profit. It represents the actual dollars that would be paid out to each member. The ownership units are determined each time a contribution is made. The number of units purchased depend on the price per unit at the time of the contribution. At 12/31, the PPU was

© 2008 ODEF Capital Enterprise  9  Notes to the Financial Statements 1. Basis of Accounting and Presentation These financial statements have been prepared on the accrual basis of accounting. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. 2. Cash and Cash Equivalents For purposes of the financial statements, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. 3. Income Taxes The Company has been organized and elected to be treated as a partnership. In accordance with the provision of Statement of Financial Standards (SFAS) 109, Accounting for Income Taxes, the Company will not record any current or deferred Federal or State and Local income taxes. 4. Partner Deferred Taxes A partner's future tax consequences of recovering the financial reporting basis of its investment in the partnership are recognized as deferred tax assets or liabilities. Deferred tax assets and liabilities are recognized for the difference between the financial reporting and tax basis of the investments in the partnership at the investor level 5. Accounts Receivable The accounts receivable balance consists of investment revenue, fee revenue, and an allowance for doubtful accounts. Investment revenue is received in the normal course of business with Scott Zwettler. Fee revenue is received from any past due investments. It is calculated at a rate of $10 per $2,500 invested per day overdue.

© 2008 ODEF Capital Enterprise  10  Notes to the Financial Statements 5. Accounts Receivable The table below shows the fee receivable for each of the open deals as of 12/31/2008; Through discussions with Scott, we have estimated that deal 4 and deal 5 may be settled. We would receive $.55 on the dollar for this settlement. As we have recognized the income for these deals in previous quarters, we need to reduce the late fee balance appropriately. This will be reflected in the allowance for doubtful accounts. The calculation is shown below.

© 2008 ODEF Capital Enterprise  11  Notes the Financial Statements 5. Accounts Receivable cont. A reconciliation of the accounts receivable balance is shown below:

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