----

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| Florida                                                       |   | 59-2181303                          |
|---------------------------------------------------------------|--------|-------------------------------------|
| (State or other jurisdiction ofincorporation or organization) |   | (I.R.S. EmployerIdentification No.) |

| Larger accelerated filer                          | o | Accelerated filer           | o |
|-----------------------------------------------------------------------|---|---------------------------------------------------------------------|---|
| Non-accelerated filer         | o | Smaller reporting company        | x |

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|                           | Page                                                                                                                                              |   |
|--------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| Part I - FINANCIAL INFORMATION |                                                                                                                                              |   |
|                           |                                                                                                                                              |   |
| Item 1.                        | Condensed Consolidated Financial Statements                                                                                                       | 4      |   |
|                           |                                                                                                                                              |   |   |
|                           | Condensed Consolidated Balance Sheets at December 31, 2010 (unaudited) and August 31, 2010                                                        | 4      |   |
|                           |                                                                                                                                              |   |   |
|                           | Condensed Consolidated Statements of Operations and Comprehensive loss for the four months ended December 31, 2010 and 2009 (unaudited) | 5      |   |
|                           |                                                                                                                                              |   |   |
|                           | Condensed Consolidated Statements of Cash Flows for the four months ended December 31, 2010 and 2009 (unaudited)                             | 6      |   |
|                           |                                                                                                                                              |   |   |
|                           | Condensed Consolidated Statement of Stockholders’ Deficit for the period August 31, 2009 To December 31, 2010 (unaudited)                   | 7      |   |
|                           |                                                                                                                                              |   |   |
|                           | Notes to Condensed Consolidated Financial Statements (unaudited)                                                                                  | 8      |   |
|                           |                                                                                                                                              |   |   |
| Item 2.                        | Management's Discussion and Analysis of Financial Condition and Results of Operation                                                              | 14     |   |
|                           |                                                                                                                                              |   |   |
| Item 3.                        | Quantitative and Qualitative Disclosures About Market Risk                                                                                        | 16     |   |
|                           |                                                                                                                                              |   |   |
| Item 4.                        | Controls and Procedures                                                                                                                           | 16     |   |
|                           |                                                                                                                                              |   |   |
| Part II - OTHER INFORMATION    |                                                                                                                                              |   |
|                           |                                                                                                                                              |   |
| Item 1.                        | Legal Proceedings                                                                                                                                 | 17     |   |
|                           |                                                                                                                                              |   |   |
| Item 1A.                       | Risk Factors                                                                                                                                      | 17     |   |
|                           |                                                                                                                                              |   |   |
| Item 2.                        | Unregistered Sales of Equity Securities and Use of Proceeds                                                                                       | 17     |   |
|                           |                                                                                                                                              |   |   |
| Item 3.                        | Defaults upon Senior Securities                                                                                                                   | 17     |   |
|                           |                                                                                                                                              |   |   |
| Item 4.                        | (Removed and Reserved).                                                                                                                           | 17     |   |
|                           |                                                                                                                                              |   |   |
| Item 5.                        | Other Information                                                                                                                                 | 17     |   |
|                           |                                                                                                                                              |   |   |
| Item 6.                        | Exhibits                                                                                                                                          | 17     |   |
|                           |                                                                                                                                              |   |   |
| SIGNATURES                     | 18                                                                                                                                                |   |

----

|                                                                                                                         |   | December 31, |       |    | August 31, |   |
|------------------------------------------------------------------------------------------------------------------------------|--------|--------------|------------|---------|------------|--------|
|                                                                                                                         |   | 2010         |       |    | 2010       |   |
|                                                                                                                         |   | (Unaudited)  |       |    |       |   |
| ASSETS                                                                                                                       |   |         |       |    |       |   |
| Current assets:                                                                                                              |   |         |       |    |       |   |
|    Cash and cash equivalents                                                                                       |   | $            | 112,417    |    |       | $      | 75,775 |   |
|    Accounts receivable - net                                                                                       |   |         | 18,759     |    |       |   | 16,095 |   |
|    Inventory                                                                                                       |   |         | 408        |    |       |   | - |   |
|        Total current assets                                                                    |   |         | 131,584    |    |       |   | 91,870 |   |
|                                                                                                                         |   |         |       |    |       |   |   |   |
| Property and equipment - net                                                                                                 |   |         | 217,695    |    |       |   | 219,731 |   |
|                                                                                                                         |   |         |       |    |       |   |   |   |
| Securities available for sale                                                                                                |   |         | 341,625    |    |       |   | 396,039 |   |
| Other assets                                                                                                                 |   |         | 17,002     |    |       |   | 8,762 |   |
|                                                                                                                         |   |         |       |    |       |   |   |   |
| TOTAL ASSETS                                                                                                                 |   | $            | 707,906    |    |       | $      | 716,402 |   |
|                                                                                                                         |   |         |       |    |       |   |   |   |
| LIABILITIES AND STOCKHOLDERS' DEFICIT                                                                                        |   |         |       |    |       |   |   |   |
| Current liabilities:                                                                                                         |   |         |       |    |       |   |   |   |
|    Accounts payable and accrued expenses                                                                           |   | $            | 41,830     |    |       | $      | 16,760 |   |
|    Accounts payable and accrued salaries - officers                                                                |   |         | 1,449,536  |    |       |   | 1,417,038 |   |
|        Total current liabilities                                                               |   |         | 1,491,366  |    |       |   | 1,433,798 |   |
|                                                                                                                         |   |         |       |    |       |   |   |   |
| Stockholders' deficit:                                                                                                       |   |         |       |    |       |   |   |   |
| Common stock                                                                                                                 |   |         |       |    |       |   |   |   |
|                                                                                                                         |   |         |       |    |       |   |   |   |
| Authorized: 200,000,000 shares, $0.0001 par value                                                                            |   |         |       |    |       |   |   |   |
|     Issued and outstanding  – 52,713,813 shares at December 31, 2010 and August 31, 2010 |   |         | 5,272      |    |       |   | 5,272 |   |
| Additional paid-in capital                                                                                                   |   |         | 2,771,778  |    |       |   | 2,919,829 |   |
| Treasury stock, at cost, 303,925 shares                                                                                      |   |         | -          |    |       |   | (148,051 | ) |
|                                                                                                                         |   |         | 2,777,050  |    |       |   | 2,777,050 |   |
|  Accumulated deficit                                                                                                    |   |         | (3,559,813 | )  |       |   | (3,486,100 | ) |
| Other comprehensive income:                                                                                                  |   |         |       |    |       |   |   |   |
|   Unrealized loss on marketable securities                                                                              |   |         | (697)      |    |       |   | (8,346 | ) |
|      Total stockholders’ deficit                                                              |   |         | (783,460   | )       |       |   | (717,396 | ) |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT                                                                                  |   | $            | 707,906    |    |       | $      | 716,402 |   |

----

|                                                         |   | 2010   |       |    | 2009   |   |
|--------------------------------------------------------------|--------|--------|------------|---------|--------|--------|
|                                                         |   |   |       |    |   |   |
| Sales, net                                                   |   | $      | 81,061     |    |   | $      | 87,723 |   |
| Cost of sales                                                |   |   | 40,175     |    |   |   | 26,213 |   |
| Gross profit                                                 |   |   | 40,886     |    |   |   | 61,510 |   |
|                                                         |   |   |       |    |   |   |   |   |
| Selling, general and administrative expenses                 |   |   | 130,088    |    |   |   | 122,769 |   |
| Loss from operations                                         |   |   | (89,202    | )  |   |   | (61,259 | ) |
|                                                         |   |   |       |    |   |   |   |   |
| Other income                                                 |   |   |       |    |   |   |   |   |
|    Gain on sale of investment securities           |   |   | 7,881      |    |   |   | 9,783 |   |
|    Interest and dividend income                    |   |   | 7,608      |    |   |   | 11,095 |   |
|                                                         |   |   | 15,489     |    |   |   | 20,878 |   |
|                                                         |   |   |       |    |   |   |   |   |
| Net loss for the period                                      |   | $      | (73,713    | )  |   | $      | (40,381 | ) |
|   Unrealized gain from investments, net of income taxes |   |   | 7,649      |    |   |   | - |   |
| Comprehensive loss for the period                            |   | $      | (66,064    | )  |   | $      | (40,381 | ) |
| Basic and fully diluted loss per share                       |   | $      | (0.00      | )       |   |   | (0.01 | ) |
|                                                         |   |   |       |    |   |   |   |   |
| Weighted average common shares – basic and diluted     |   |   | 52,713,813 |    |   |   | 5,427,625 |   |

----

|                                                                    |   | 2010    |         |    | 2009   |    |
|-------------------------------------------------------------------------|--------|---------|--------------|---------|--------|---------|
| Cash flows from operating activities                                    |   |    |         |    |   |    |
| Net loss                                                                |   | $       | (73,713      | )       |   | $       | (40,381 | ) |
| Adjustment to reconcile net loss to cash used in operating activities:  |   |    |         |    |   |    |   |   |
|     Depreciation and amortization                        |   |    | 2,036   |    |   |    | 6,920  |   |
|                                                          |   |    |         |    |   |    |   |   |
| Changes in operating assets and liabilities:                            |   |    |         |    |   |    |   |   |
|     (Increase) in accounts receivable, trade             |   |    | (9,664       | )  |   |    | (9,094 | ) |
|     (Increase) decrease in inventory                     |   |    | (408         | )       |   |    | 4,177 |   |
|     (Increase) decrease in other assets             |   |    | (1,240       | )       |   |    | 5,153 |   |
|                                                          |   |    |         |    |   |    |   |   |
|     Increase in accounts payable and accrued liabilities |   |    | 57,568       |    |   |    | 29,652 |   |
| Net cash used in operating activities                                   |   |    | (25,421      | )       |   |    | (3,573 | ) |
|                                                                    |   |    |         |    |   |    |   |   |
| Cash flows from investing activities:                                   |   |    |         |    |   |    |   |   |
|     Additions to property and equipment                  |   |    | -            |    |   |    | (10,937 | ) |
|     Purchase of securities available for sale       |   |    | 54,414  |    |   |    | 80,839 |   |
|                                                          |   |    |         |    |   |    |   |   |
| Net cash provided by investing activities                               |   |    | 54,414       |    |   |    | 69,902 |   |
|                                                                    |   |    |         |    |   |    |   |   |
|                                                                    |   |    |         |    |   |    |   |   |
| Effect of unrealized gain from investments                              |   |    | 7,649        |    |   |    | 13,786 |   |
|                                                                    |   |    |         |    |   |    |   |   |
| Increase in cash and cash equivalents                                   |   |    | 36,642       |    |   |    | 80,115 |   |
|                                                                    |   |    |         |    |   |    |   |   |
| Cash and cash equivalents,                                              |   |    |         |    |   |    |   |   |
|   beginning of period                                              |   |    | 75,775       |    |   |    | 50,313 |   |
| Cash and cash equivalents,                                              |   |    |         |    |   |    |   |   |
|   end of period                                                    |   | $       | 112,417      |    |   | $       | 130,428 |   |
|                                                                    |   |    |         |    |   |    |   |   |
|  Non-cash Financing Activity                                       |   |    |         |    |   |    |   |   |
|   Treasury stock cancelled and returned to treasury                |   |  $ | 148,051      |    |   |  $ | - |   |
|                                                                    |   |    |         |    |   |    |   |   |
| Supplemental disclosure of cash flow information                        |   |    |         |    |   |    |   |   |
|   Cash Activities:                                                 |   |    |         |    |   |    |   |   |
| Interest paid                                                           |   |  $ | -       |    |   |  $ | -  |   |
| Income taxes paid                                                       |   |  $ | -       |    |   |  $ | -  |   |

----

|                                   |   | Common Stock |       |   | AdditionalPaid-In |   |    | Treasury |   |   | UnrealizedGain (Loss) |   |   | Accumulated   |     |   | TotalStockholders’ |   |
|----------------------------------------|--------|--------------|------------|--------|-------------------|--------|---------|----------|--------|--------|-----------------------|--------|--------|---------------|----------|--------|--------------------------|--------|
|                                   |   | Shares       |       |   | Amount            |   |    | Capital  |   |   | Stock                 |   |   | On Securities |     |   | Deficit                  |   |   | Deficit |   |
|                                   |   |         |       |   |              |   |    |     |   |   |                  |   |   |          |     |   |                     |   |   |   |   |
| Balance, August 31, 2009               |   |         | 5,427,625  |   |              | $      | 543     |     |   | $      | 2,896,186             |   |   | $             | (148,051 | )      |                     | $      | (56,870 | ) |   | $ | (3,230,231 | ) |   | $ | (538,423 | ) |
|                                   |   |         |       |   |              |   |    |     |   |   |                  |   |   |          |     |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Increase in market value of securities |   |         | -          |   |              |   |  - |     |   |   | -                     |   |   |          | -        |   |                     |   | 48,524 |   |   |   | - |   |   |   | 48,524 |   |
| Issuance of common stock               |   |         | 47,286,188 |   |              |   | 4,729   |     |   |   | 23,643                |   |   |          | -        |   |                     |   |  - |   |   |   | - |   |   |   | 28,372 |   |
| Net loss for the year                  |   |         | -          |   |              |   |  - |     |   |   | -                     |   |   |          | -        |   |                     |   |  - |   |   |   | (255,869 | ) |   |   | (255,869 | ) |
|                                   |   |         |       |   |              |   |    |     |   |   |                  |   |   |          |     |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Balance, August 31, 2010               |   |         | 52,713,813 |   |              |   | 5,272   |     |   |   | 2,919,829             |   |   |          | (148,051 | )      |                     |   | (8,346 | ) |   |   | (3,486,100 | ) |   |   | (717,396 | ) |
|                                   |   |         |       |   |              |   |    |     |   |   |                  |   |   |          |     |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Cancellation of treasury stock         |   |         |  -    |   |              |   |  - |     |   |   | (148,051              | )      |   |          | 148,051  |   |                     |   |  - |   |   |   | - |   |   |   |  - |   |
| Unrealized loss from investments       |   |         |  -    |   |              |   |  - |     |   |   | -                     |   |   |          |  -  |   |                     |   | 7,649 |   |   |   | - |   |   |   | 7,649 |   |
| Net loss for the period                |   |         | -          |   |              |   |  - |     |   |   | -                     |   |   |          |  -  |   |                     |   |  - |   |   |   | (73,713 | ) |   |   | (73,713 | ) |
|                                   |   |         |       |   |              |   |    |     |   |   |                  |   |   |          |     |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2010             |   |         | 52,713,813 |   |              | $      | 5,272   |     |   | $      | 2,771,778             |   |   | $             | -        |   |                     | $      | (697 | ) |   | $  | (3,559,813 | ) |   | $ | (783,460 | ) |

----

----

| · | Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------|

| · | Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Level 3 inputs to valuation methodology are unobservable and significant to the fair measurement. |
|--------|---------------------------------------------------------------------------------------------------|

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| a)   | Discontinued Operations |
|----------------|-------------------------|

|    | On February 28, 2011, the Company sold its wholly owned subsidiary, Mammacare Corporation, to its managers for consideration of $1. Mammacare Corporation was indebted to these individuals for $1,495,000.  The Company sold this subsidiary due to its negative value and continued losses. Results of operations from these discontinued operations from January 1, 2011 to February 28, 2011 were net income of $30,151. AT the date of disposition, gain on sale of the shares of the subsidiary was $484,648. |
|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b)   | Merger Acquisition by way of Share Exchange |
|----------------|---------------------------------------------|

|    | On March 9, 2011, the Company effectively completed a merger acquisition transaction whereby it entered into a Share Exchange Agreement (“SEA”) with Dynamic Energy Development Corporation, a privately held corporation (“DEDC”), with DEDC becoming a wholly-owned subsidiary of the Company. All of the Shares of DEDC were transferred to Dynamic Development Corporation. a Delaware corporation. This company was then merged with MAMM. The Company, DEDC and Verdad Telecom (“MAMM Controlling Shareholder”) entered into a Share Exchange Agreement, pursuant to which MAMM Controlling Shareholder, owning an aggregate of 44,786,188 shares of common stock, $.0001 par value per share, of the Company (“Common Stock”), equivalent to 85.5% of the issued and outstanding Common Stock (the “Old MAMM Shares”) would return its shares to treasury and DEDC shareholders would exchange 17,622,692 DEDC shares on a one for one basis of newly issued shares of the Company.  On return of such shares to treasury, the MAMM Controlling Shareholder received a cash payment of $322,000. In connection with this merger acquisition, on May 5, 2011, the Board of Directors resolved to change the Company’s name to Dynamic Energy Alliance Corporation. To date this name change has not been formally registered or approved in the Company’s state of incorporation.  The share transactions to complete the merger transaction are hereinafter collectively referred to as the “Merger.” All costs incurred in connection with the Merger have been expensed.  Following the Merger, the Company abandoned its prior business and adopted DEDC’s business plan as its principle business. In addition, the director and officer of MAMM were replaced by the directors and officers of DEDC. |
|--------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c)   | Acquisition of Transformation Consulting, Inc. |
|----------------|------------------------------------------------|

|    | To July 22, 2011 the Company issued On March 9, 2011, DEDC purchased 100,000 shares, representing all of the outstanding shares, of Transformation Consulting, Inc. (“TC”) pursuant to a Stock Purchase Agreement dated February 25, 2011. The purchase price for the Shares was $2,000,000, payable from the gross revenues (pre-tax) of TC, as received, subject to the following contingent reduction or increase of the purchase price.  If TC’s gross revenues during the two years following the closing are less than $2,000,000, then the purchase price for the shares shall be reduced to the actual revenue received by TC during the two year period.  If TC’s revenues during the same two year period exceed $2,000,000, then the purchase price for the shares shall be increased by one-half of the excess revenues over $2,000,000 (“contingent consideration”). |
|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| d)   | Convertible Debenture On April 9, 2011, DEDC issued an unsecured convertible debenture for the principal amount of $15,000, repayable at 20% interest per annum, and maturing within six months, with the right of extension by the Company for an additional six months with no penalties or additional payment for this right, subject to securing of a specified financing commitment. The holder of the debenture may convert the debenture into 15,000 shares of the Company’s common stock at a conversion rate of $1.00 per share, convertible at any time prior to the maturity date.  The holder will also receive an investment bonus of one share of the Company common stock for every $1 loaned to the Company. The maturity date is the earlier of: (i) six months from the signing of each debenture; or (ii) the date of securing project financing; or (iii) the date on which the Company obtains a significant capital infusion in debt or equity or some combination.. The converted shares will have the right to demand the registration of such shares.. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| e)   | Strategic Business Services Agreement |
|----------------|---------------------------------------|

|    | On April 25, 2011 the Company entered into an agreement with NBN Enterprises, Inc. (“NBN”), through to May 1, 2013, whereby NBN will provide strategic business services to the Company and will pay the cost of outside legal counsel who will advise the Company on securities, corporate and contract matters.  The agreement provides for compensation to NBN in the form of issuance of restricted Company common stock equal to 4.99% of outstanding shares, with anti dilution protection through the issuance of additional shares through the term and for the succeeding 12 months, and a non-accountable expense allowance of $3,500 per month. |
|--------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| f)   | Forward stock split and Authorized Capital Stock On May 5, 2011, shareholders of the Company approved the following: |
|----------------|---------------------------------------------------------------------------------------------------------------------------|

| (1)   | To Forward Split all outstanding shares of the Corporation’s common stock on a 3 for 1 basis. |
|-----------------|-----------------------------------------------------------------------------------------------------|

| (2)   | To reset authorized capital stock at 500,000,000 shares, of which 300,000,000 shares shall be Common stock, par value $0.0001, and 200,000,000 shares shall be preferred stock, par value $0.0001, and to give the Board of Directors the power to fix by resolution the rights, preferences and privileges of preferred stock; and |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | To amend the Company’s Articles of Incorporation to change the Company’s name to “Dynamic Energy Alliance Corporation” |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The Company is in the process of effectuating these amendments, which are anticipated to take effect in August of 2011. |
|--------|-------------------------------------------------------------------------------------------------------------------------|

| g)   | Consulting Agreements On July 9, 2011, the board of directors of the Company approved and the Company executed the following: |
|----------------|------------------------------------------------------------------------------------------------------------------------------------|

| (1)   | A consulting agreement with TMDS, LLC (“Consultant”), whereby Consultant shall locate and assist in the Company’s development and construction of energy campus projects to be undertaken by the Company in the future.  The Consulting Agreement is non-exclusive and runs for a period of five years. As consideration, the Company has agreed to pay compensation to the Consultant in the form of restricted shares of common stock of the Company in an amount equal to One Million (1,000,000) restricted shares every ninety (90) days (the “Quarterly Payment”). In addition, the Consultant is entitled to additional fees, including but not limited to, joint venture, partnership, consulting, developer, contractor and/or project management fees, to be negotiated separately, and agreed to in writing on a project-by-project basis. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | A consulting agreement with KEY SERVICES, Inc. (“Consultant”), whereby Consultant shall locate and assist in the Company’s development and construction of energy campus project to be undertaken by the Company in the future.  The Consulting Agreement is non-exclusive and runs for a period of five years. As consideration, the Company has agreed to pay compensation to the Consultant in the form of cash in an amount equal to twenty thousand dollars (USD $20,000.00) per month, or at Company’s option (if funds are not available) restricted shares of Company’s common stock, valued at the average closing price of Company’s common stock over the proceeding 20 trading days (the “Monthly Payment”). In addition, the Consultant is entitled to additional fees, including but not limited to, joint venture, partnership, consulting, developer, contractor and/or project management fees, to be negotiated separately, and agreed to in writing on a project-by-project basis |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| h)   | Line of Credit On July 9, 2011, the board of directors of the Company approved and the Company executed a Revolving Line of Credit with Charles R. Cronin, Jr. (the “Lender”), whereby, the Lender established for a period extending to December 31, 2011 (the “Maturity Date”) a revolving line of credit (the “Credit Line”) for the Company in the principal amount of One Hundred Thousand Dollars ($100,000.00) (the “Credit Limit”), with advances requested in writing by Company on dates and in amounts up to the Credit Limit, and in the case of each advance, to be made only upon  approval and disbursement by the Lender, at his sole discretion.. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| i)   | Stock Purchase Warrant On July 9, 2011, the Company granted a stock purchase warrant, which entitles the warrant holder to purchase a total of 3,000,000 warrant shares, exercisable under the following terms and conditions: |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| i.     | 1,000,000 warrant shares after the first six month anniversary, at a purchase price of $0.10 per share; |
|------------------|---------------------------------------------------------------------------------------------------------|
| ii.    | 1,000,000 warrant shares after the first year anniversary, at a purchase price of $0.10 per share;      |
| iii.   | 1,000,000 warrant shares after the second year anniversary, at a purchase price of $0.10 per share;     |

| j)   | Resignations, Appointments and Other Corporate Actions On July 9, 2011, the board of directors of the Company accepted the following resignations and appointments: |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (1)   | The resignation of Karl Johnson as President and Secretary of the Company, however, Mr. Johnson remained a Director of the Company for the remainder of his current term. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | The ratified resignation of Michael J. Specchio as Chief Executive Officer and Director of the Company, pursuant to resignation notification as of April 5, 2011. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | The official appointment of James Michael Whitfield as the Chief Executive Officer and President of the Company, including a Director of the Company for the remainder of this current term. Mr. Whitfield assumed the appointment of interim Chief Executive Officer on April 5, 2011 after a notice of resignation tendered by Mr. Michael J. Specchio. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4)   | The appointment of Tracy Williams as Secretary of the Company. |
|-----------------|----------------------------------------------------------------|

| (5)   | The change of corporate address to: Memphis Clark Tower, 5100 Poplar Avenue, Suite 2700, Memphis, TN 38137 |
|-----------------|------------------------------------------------------------------------------------------------------------|

----

----

----

----

| 10.1*  | Strategic Consulting Services Agreement with NBN Enterprises, Inc. |
|-------------|--------------------------------------------------------------------|

| 10.2*  | Consulting Agreement with TMDS, LLC |
|-------------|-------------------------------------|

| 10.3*  | Consulting Agreement with Key Services, Inc. |
|-------------|----------------------------------------------|

| 10.4*  | Line of Credit with Charles R. Cronin, Jr. |
|-------------|--------------------------------------------|

| 10.5*  | Stock Warrant Agreement with Charles R. Cronin, Jr. |
|-------------|-----------------------------------------------------|

| 31.1*  | Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|-------------|-----------------------------------------------------------------------------------------------------|

| 31.2*  | Certification of Chief Accounting Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|-------------|------------------------------------------------------------------------------------------------------|

| 32.1*  | Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
|-------------|-----------------------------------------------------------------------------------------------------|

| 32.2*  | Certification of Chief Accounting Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
|-------------|------------------------------------------------------------------------------------------------------|

----

|                  | MAMMATECH CORPORATION |                                                                                          |
|-----------------------|-----------------------|-----------------------------------------------------------------------------------------------|
|                  |                  |                                                                                          |   |
| Date: August 12, 2011 | By:                   | /s/ James Michael Whitfield                                                                   |   |
|                  |                  | James Michael WhitfieldChief Executive Officer(Duly Authorized and Principal Executive Offer) |   |
|                  |                  |                                                                                          |   |
|                  | By:                   | /s/ Pamela Griffin                                                                            |   |
|                  |                  | Pamela Griffin                                                                                |   |
|                  |                  | Chief Financial Officer                                                                       |   |
|                  |                  | (Duly Authorized and Principal Financial Officer)                                        |   |

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