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<br />NOTE 5 – SUBSEQUENT EVENTS <br />The Company has evaluated events and transactions for potential recognition or disclosure through the date the financial statements were <br />available to be issued. <br /> <br />Beginning in February 2010, HCIC Holdings, LLC (“Holdings”) which held approximately 17.5% of shares of HCIC on December 31, 2009 <br />began to acquire a majority share of HCIC stock. As of April 30, 2010, Holdings held 73% of HCIC shares. <br /> <br />On April 20, 2010 a special shareholder meeting was held to vote on a special assessment to reimburse Holdings for costs-to-date and plan <br />for additional future costs of operations and improvements, including reconstruction of the reservoir. At this meeting the following special <br />assessments were approved: <br /> <br /> <br />- $428,600, or $72.25 per share, due by May 20, 2010 to reimburse Holdings for expenses paid by Holdings for the benefit of the <br />Company through March 31, 2010, <br />- $7,880,934, or $1,328.55 per share, due by July 31, 2010, and <br />- $7,880,934, or $1,328.55 per share, due by October 31, 2010. <br /> <br />Page 11