Estate of Frances Elaine Freedman, Deceased, Robin Elaine Carnette, Personal Representative - Page 5

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          2000, through decedent’s signing over of the certificate for her            
          525,000 shares of eConnect to First Southwest Company for                   
          transfer into the account.  The value of the stock at that                  
          juncture still did not exceed approximately 25 to 50 cents per              
          share.  Mr. Greene contributed no property or funds to the                  
          account at its inception or at any time thereafter.                         
               The customer agreement used to open the account contained a            
          number of blanks to be completed with information pertaining to             
          the client, including Social Security number, address, telephone            
          number, date of birth, marital status, employer, bank reference,            
          etc.  Decedent’s personal data was used to complete each such               
          field.  The form also noted an approximate net worth of $50,000             
          and an absence of previous investment experience.  The space for            
          initial transaction was marked “SELL” “ECNC”.                               
               At some point after the account was established, decedent              
          expressed to Mr. Greene that she was interested in selling the              
          eConnect stock if it reached 50 cents per share.  Mr. Greene then           
          decided to conduct some online research into the company and                
          product underlying the stock.  He advised his mother that he                
          thought, based on the eConnect technology, that the shares had              
          the possibility of rising beyond her intended target and should             
          be held longer.  As the stock later began to appreciate, Mr.                
          Greene participated in the excitement, tracking the rising price            
          online and communicating with decedent.                                     






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Last modified: May 25, 2011