| Nevada                                   |   | 87-0543565                        |
|------------------------------------------|--------|-----------------------------------|
| (State or other jurisdiction             |   | (IRS Employer Identification No.) |
| of incorporation or organization)        |   |                              |
|                                     |   |                              |
| 108 Village Square, Suite 315Somers, NY  |   | 10589                             |
| (Address of principal executive offices) |   | (Zip code)                        |

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| Large accelerated filer  ̈                                             |         | Accelerated filer  ̈    |
|----------------------------------------------------------------------------|--------------|-----------------------------|
|                                                                       |         |                        |
| Non-accelerated filer (Do not check if a smaller reporting company)  ̈ |    | Smaller reporting company x |

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|                                                                                                       |   | Page   |
|------------------------------------------------------------------------------------------------------------|--------|--------|
| PART I.       FINANCIAL INFORMATION                                                    |   |   |
|                                                                                                       |   |   |
| ITEM 1 – Condensed Consolidated Financial Statements (Unaudited):                                    |   |   |
|                                                                                                       |   |   |
| Balance Sheets as of March 31, 2011 and December 31, 2010                                                  |   | 3      |
| Statements of Operations for the Three Months Ended March 31, 2011 and 2010                                |   | 4      |
| Statements of Cash Flows for the Three Months Ended March 31, 2011 and 2010                                |   | 5      |
| Notes to Unaudited Condensed Consolidated Financial Statements                                             |   | 6      |
|                                                                                                       |   |   |
| ITEM 2 – Management’s Discussion and Analysis of Financial Condition and Results of Operations |   | 14     |
|                                                                                                       |   |   |
| ITEM 4 – Controls and Procedures                                                                     |   | 17     |
|                                                                                                       |   |   |
| PART II.      OTHER INFORMATION                                              |   |   |
|                                                                                                       |   |   |
| ITEM 1 – Legal Proceedings                                                                           |   | 18     |
|                                                                                                       |   |   |
| ITEM 6 – Exhibits and Reports on Form 8-K                                                            |   | 19     |
|                                                                                                       |   |   |
| Signature                                                                                                  |   | 21     |
|                                                                                                       |   |   |
| Officer Certification                                                                                      |   |   |

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|                                                                                                   |   | March 31, |        |   | December31, |   |
|--------------------------------------------------------------------------------------------------------|--------|----------------|-------------|--------|-------------|--------|
|                                                                                                   |   | 2011           |        |   | 2010        |   |
|                                                                                                   |   |           |        |   |        |   |
| ASSETS                                                                                                 |   |           |        |   |        |   |
| Current Assets:                                                                                        |   |           |        |   |        |   |
| Cash and cash equivalents                                                                              |   | $              | 210,344     |   |        | $      | 178,291 |   |
| Accounts receivable                                                                                    |   |           | 37,024      |   |        |   | 709 |   |
| Prepaid expenses                                                                                       |   |           | 48,035      |   |        |   | 1,417 |   |
| Note receivable related party                                                                          |   |           | 400,000     |   |        |   | 600,000 |   |
| Investments                                                                                            |   |           | 357,747     |   |        |   | 463,155 |   |
| Interest receivable                                                                                    |   |           | 7,556       |   |        |   | 7,000 |   |
| Total current assets                                                                                   |   |           | 1,060,706   |   |        |   | 1,250,572 |   |
|                                                                                                   |   |           |        |   |        |   |   |   |
| Property and equipment, net of accumulated depreciation                                                |   |           | 8,010       |   |        |   | 8,735 |   |
| Goodwill                                                                                               |   |           | 2,529,010   |   |        |   | 2,529,010 |   |
| Total assets                                                                                           |   | $              | 3,597,726   |   |        | $      | 3,788,317 |   |
|                                                                                                   |   |           |        |   |        |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                                             |   |           |        |   |        |   |   |   |
|                                                                                                   |   |           |        |   |        |   |   |   |
| Current Liabilities:                                                                                   |   |           |        |   |        |   |   |   |
| Accounts payable                                                                                       |   | $              | 355,595     |   |        | $      | 293,166 |   |
| Accrued expenses                                                                                       |   |           | 45,227      |   |        |   | 31,103 |   |
| Total current liabilities                                                                              |   |           | 400,822     |   |        |   | 324,269 |   |
|                                                                                                   |   |           |        |   |        |   |   |   |
| Note payable related party                                                                             |   |           | 2,182,853   |   |        |   | 2,171,290 |   |
| Total liabilities                                                                                      |   |           | 2,583,675   |   |        |   | 2,495,559 |   |
| Stockholders’ Equity:                                                                            |   |           |        |   |        |   |   |   |
| Preferred stock - $.001 par value; authorized, 5,000,000 shares; issued and outstanding, 20,000        |   |           | 20          |   |        |   | 20 |   |
| Common stock - $.001 par value, authorized 15,000,000 shares; issued and outstanding, 5,643,157 shares |   |           | 5,643       |   |        |   | 5,643 |   |
| Additional paid-in capital                                                                             |   |           | 90,963,554  |   |        |   | 90,946,074 |   |
| Accumulated deficit                                                                                    |   |           | (89,955,166 | )      |        |   | (89,658,931 | ) |
| Noncontrolling interest                                                                                |   |           | -           |   |        |   | (48 | ) |
| Total stockholders' equity                                                                             |   |           | 1,014,051   |   |        |   | 1,292,758 |   |
| Total liabilities and stockholders' equity                                                             |   | $              | 3,597,726   |   |        | $      | 3,788,317 |   |

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|                                                          |   | Three Months EndedMarch 31, |      |
|---------------------------------------------------------------|--------|---------------------------------------|-----------|
|                                                          |   | 2011                                  |      |   | 2010 |   |
|                                                          |   |                                  |      |   |   |   |
| Structured settlements revenue                                |   | $                                     | 1,239,151 |   |   | $ | - |   |
|                                                          |   |                                  |      |   |   |   |   |   |
| Costs of structured settlements revenue:                      |   |                                  |      |   |   |   |   |   |
| Annuitant funding                                             |   |                                  | 915,750   |   |   |   | - |   |
| Brokers’ fees                                           |   |                                  | 59,446    |   |   |   | - |   |
| Legal and professional fees                                   |   |                                  | 102,708   |   |   |   | - |   |
| Administrative fees                                           |   |                                  | 6,250     |   |   |   | - |   |
| Gross profit (loss)                                           |   |                                  | 154,997   |   |   |   | - |   |
|                                                          |   |                                  |      |   |   |   |   |   |
| Operating expenses:                                           |   |                                  |      |   |   |   |   |   |
| Compensation and payroll taxes                                |   |                                  | 254,489   |   |   |   | 14,583 |   |
| Marketing and advertising                                     |   |                                  | 100,954   |   |   |   | - |   |
| Interest                                                      |   |                                  | 8,191     |   |   |   | - |   |
| Depreciation and amortization                                 |   |                                  | 725       |   |   |   | - |   |
| Other legal and professional fees                             |   |                                  | 44,829    |   |   |   | 37,024 |   |
| Other                                                         |   |                                  | 70,837    |   |   |   | 3,285 |   |
|                                                          |   |                                  |      |   |   |   |   |   |
| Loss from operations                                          |   |                                  | ( 325,028 | ) |   |   | (54,892 | ) |
| Interest income                                               |   |                                  | 22,370    |   |   |   | 21,889 |   |
| Gain on sale of investments                                   |   |                                  | 56,485    |   |   |   | 3,463 |   |
| Unrealized investment gain (loss)                             |   |                                  | (50,015   | ) |   |   | 10,977 |   |
|                                                          |   |                                  |      |   |   |   |   |   |
| Net loss                                                      |   | $                                     | (296,188  | ) |   | $ | (18,563 | ) |
|                                                          |   |                                  |      |   |   |   |   |   |
| Net loss per share – basic and diluted                  |   | $                                     | (0.05     | ) |   | $ | (0.01 | ) |
|                                                          |   |                                  |      |   |   |   |   |   |
| Weighted average shares outstanding – basic and diluted |   |                                  | 5,643,157 |   |   |   | 5,443,157 |   |

----

|                                                                        |   | Three Months EndedMarch 31, |     |
|-----------------------------------------------------------------------------|--------|---------------------------------------|----------|
|                                                                        |   | 2011                                  |     |   | 2010 |   |
|                                                                        |   |                                  |     |   |   |   |
| CASH FLOWS USED IN OPERATING ACTIVITIES:                                    |   |                                  |     |   |   |   |
|                                                                        |   |                                  |     |   |   |   |
| Net loss                                                                    |   | $                                     | (296,188 | ) |   | $ | (18,563 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities: |   |                                  |     |   |   |   |   |   |
| Unrealized (gain) loss in marketable securities                             |   |                                  | 50,015   |   |   |   | (4,436 | ) |
| Stock-based compensation                                                    |   |                                  | 17,482   |   |   |   | 3,000 |   |
| Depreciation and amortization                                               |   |                                  | 725      |   |   |   | - |   |
| Gain on sale of investments                                                 |   |                                  | (56,485  | ) |   |   | (3,463 | ) |
| Increase (decrease) in cash from the change in:                             |   |                                  |     |   |   |   |   |   |
| Accounts receivable                                                         |   |                                  | (36,315  | ) |   |   | 1,749 |   |
| Prepaid expenses and other assets                                           |   |                                  | (46,618  | ) |   |   | (5,397 | ) |
| Accounts payable                                                            |   |                                  | 62,429   |   |   |   | (33,931 | ) |
| Accrued expenses                                                            |   |                                  | 14,124   |   |   |   | (5,377 | ) |
| Net cash used in operating activities                                       |   |                                  | (290,831 | ) |   |   | (66,418 | ) |
|                                                                        |   |                                  |     |   |   |   |   |   |
| CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES:                      |   |                                  |     |   |   |   |   |   |
| Note receivable related party                                          |   |                                  | 200,000  |   |   |   | - |   |
| Interest receivable                                                         |   |                                  | (556     | ) |   |   | - |   |
| Proceeds from sale of investments                                           |   |                                  | 111,877  |   |   |   | 14,546 |   |
| Investments in marketable securities                                        |   |                                  | -        |   |   |   | (8,006 | ) |
| Net cash provided by investing activities                                   |   |                                  | 311,321  |   |   |   | 6,540 |   |
|                                                                        |   |                                  |     |   |   |   |   |   |
| CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES:                      |   |                                  |     |   |   |   |   |   |
| Related party payable                                                       |   |                                  | 11,563   |   |   |   | - |   |
| Net cash provided by financing activities                                   |   |                                  | 11,563   |   |   |   | - |   |
|                                                                        |   |                                  |     |   |   |   |   |   |
| NET INCREASE (DECREASE)  IN CASH AND CASH EQUIVALENTS             |   |                                  | 32,053   |   |   |   | (59,878 | ) |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                              |   |                                  | 178,291  |   |   |   | 677,581 |   |
| CASH AND CASH EQUIVALENTS, END OF PERIOD                                    |   | $                                     | 210,344  |   |   | $ | 617,703 |   |
|                                                                        |   |                                  |     |   |   |   |   |   |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:                          |   |                                  |     |   |   |   |   |   |
| Cash paid for interest                                                      |   | NONE                                  |     |   | NONE |   |
| Cash paid for income taxes                                                  |   | NONE                                  |     |   | NONE |   |

----

----

----

----

|                           |   | March 31, |   |
|--------------------------------|--------|----------------|--------|
|                           |   | 2011           |   |
|                           |   |           |   |
| Furniture and fixtures         |   | $              | 14,050 |   |
| Computer equipment             |   |           | 29,809 |   |
| Office equipment               |   |           | 9,745  |   |
|                           |   |           |   |   |
|                           |   |           | 53,604 |   |
|                           |   |           |   |   |
| Less: accumulated depreciation |   |           | 45,595 |   |
|                           |   |           |   |   |
|                           |   | $              | 8,010  |   |

----

| Directors & Executive Officers                |   | Title              |    | New Grants Issued |    |   | Value  |   |
|---------------------------------------------------|--------|--------------------|---------|-------------------|---------|--------|--------|--------|
| Dennis M. Goett                                   |   | Chairman & CEO |    |              | 300,000 |   |   | $      | 33,000.00 |   |
| Sean M. Gavin                                     |   | CFO                |    |              | 70,000  |   |   | $      | 7,700.00 |   |
| All Directors & Executive Officers as a Group |   |               | 370,000 |              |    |   |   |   |

| Non-Executive Directors                |   | Title    |   | New Grants Issued |   |   | Value  |   |
|----------------------------------------|--------|----------|--------|-------------------|--------|--------|--------|--------|
| Elliott Singer                         |   | Director |   |              | 50,000 |   |   | $      | 5,500.00 |   |
| All Non-Executive Directors as a Group |   |     | 50,000 |              |   |   |   |   |

| Non-Executive Officers                |   | Title                                              |    | New Grants Issued |    |   | Value  |   |
|---------------------------------------|--------|----------------------------------------------------|---------|-------------------|---------|--------|--------|--------|
| Michael Betzig                        |   | President of wholly owned subsidiary               |    |              | 100,000 |   |   | $      | 11,000.00 |   |
| Houston Winn                          |   | Chief Marketing Officer of wholly owned subsidiary |    |              | 75,000  |   |   | $      | 8,250.00 |   |
| All Non-Executive Officers as a Group |   |                                               | 175,000 |              |    |   |   |   |

----

| · | Level 1 - Quoted prices in active markets for identical assets or liabilities; |
|--------|--------------------------------------------------------------------------------|

| · | Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.  Level 2 asset values are determined using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data. The pricing model information is provided by third party entities (e.g. banks or brokers). In some instances, these third party entities engage external pricing services to estimate the fair value of these securities; and |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2011               |   |         |    |   |         |   |          |         |   |   |          |   |
|--------------------|--------|--------------|---------|--------|--------------|--------|---------------|--------------|--------|--------|---------------|--------|
|               |   | Level 1 |    |   | Level 2 |   |          | Level 3 |   |   | Total         |   |
| LawCash investment |   | $            | — |   |         | $      | —       |         |   | $      | 248,835       |   |   | $ | 248,835 |   |
| Equity securities  |   |         | 108,912 |   |         |   | —       |         |   |   | —       |   |   |   | 108,912 |   |
| Total              |   | $            | 108,912 |   |         | $      |  — |         |   | $      |  248,835 |   |   | $ | 357,747 |   |

| 2010               |   |         |    |   |         |   |    |         |   |   |    |   |
|--------------------|--------|--------------|---------|--------|--------------|--------|---------|--------------|--------|--------|---------|--------|
|               |   | Level 1 |    |   | Level 2 |   |    | Level 3 |   |   | Total   |   |
| LawCash investment |   | $            | — |   |         | $      | — |         |   | $      | 335,031 |   |   | $ | 335,031 |   |
| Equity securities  |   |         | 168,642 |   |         |   | — |         |   |   | — |   |   |   | 168,642 |   |
| Total              |   | $            | 168,642 |   |         | $      | — |         |   | $      | 335,031 |   |   | $ | 503,673 |   |

----

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| (a) | Exhibits: |
|-----|-----------|

| Number |   | Description of Exhibit                                                                                                                                    |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2.1    |   |                                                                                                                                                                | Agreement and Plan of Merger by and among First American Clock Co., MangoSoft Corporation and MangoMerger Corp., dated as of August 27, 1999. (1) |
|   |   |                                                                                                                                                                |   |
| 3.1    |   |                                                                                                                                                                | Articles of Incorporation, as amended. (2) |
|   |   |                                                                                                                                                                |   |
| 3.2    |   |                                                                                                                                                                | By-laws. (2) |
|   |   |                                                                                                                                                                |   |
| 4.1    |   |                                                                                                                                                                | Rights Plan. (6) |
|   |   |                                                                                                                                                                |   |
| 14     |   |                                                                                                                                                                | Code of Ethics. (7) |
|   |   |                                                                                                                                                                |   |
| 21     |   |                                                                                                                                                                | Subsidiary of the Registrant. (2) |
|   |   |                                                                                                                                                                |   |
| 31.1   |   |                                                                                                                                                                | Certification of Chief Executive Officer required by Rule 13a 14(a) or Rule 15-d14 (a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|   |   |                                                                                                                                                                |   |
| 31.2   |   |                                                                                                                                                                | Certification of Chief Financial Officer required by Rule 13a 14(a) or Rule 15-d14 (a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|   |   |                                                                                                                                                                |   |
| 32.1   |   |                                                                                                                                                                | Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
|   |   |                                                                                                                                                                |   |
| 99.1   |   |                                                                                                                                                                | 1999 Incentive Compensation Plan, as amended and restated on May 1, 2000. (1) |
|   |   |                                                                                                                                                                |   |
| 99.2   |   |                                                                                                                                                                | Form of Subscription Agreement for purchase of common stock, dated as of March 20, 2000. (1) |
|   |   |                                                                                                                                                                |   |
| 99.3   |   |                                                                                                                                                                | Form of Warrant Agreement. (1) |
|   |   |                                                                                                                                                                |   |
| 99.4   |   |                                                                                                                                                                | Asset Purchase Agreement, dated February 11, 2002, between MangoSoft, Inc. and Fleet National Bank. (4) |
|   |   |                                                                                                                                                                |   |
| 99.5   |   |                                                                                                                                                                | Warrant Agreement, dated February 11, 2002, between MangoSoft, Inc. and Fleet National Bank. (4) |
|   |   |                                                                                                                                                                |   |
| 99.6   |   |                                                                                                                                                                | Hosting License Agreement, dated January 1, 2010 between MangoSoft, Inc. and Built Right Networks LLC. (5) |
|   |   |                                                                                                                                                                |   |
| 99.7   |   |                                                                                                                                                                | Partnership Interest Purchase Agreement, dated December 22, 2010 by and among MangoSoft, Inc. (“Buyer”), Structured Settlements 2009, LLC and SSI-GP Holding, LLC. (8) |
|   |   |                                                                                                                                                                |   |
| (1)    |   | Filed as an exhibit to our Current Report on Form 8-K for an event dated September 7, 1999 and hereby incorporated by reference thereto.                            |
|   |   |                                                                                                                                                                |
| (2)    |   | Filed as an exhibit to our Registration Statement on Form 10-SB, filed June 9, 2000, and hereby incorporated by reference thereto.                                  |
|   |   |                                                                                                                                                                |
| (3)    |   | Filed as an exhibit to our Quarterly Report filed November 9, 1999 for the quarter ended September 30, 1999 and hereby incorporated by reference thereto.           |
|   |   |                                                                                                                                                                |
| (4)    |   | Filed as an exhibit to our Quarterly Report filed August 14, 2002 for the quarter ended September 30, 2002 and hereby incorporated by reference thereto.            |
|   |   |                                                                                                                                                                |
| (5)    |   | Filed as an exhibit to our Current Report on Form 8-K for an event dated September 30, 2002 and hereby incorporated by reference thereto.                           |
|   |   |                                                                                                                                                                |
| (6)    |   | Filed as an exhibit to our Current Report on Form 8-K for an event dated March 21, 2003, as amended on July 25, 2003, and hereby incorporated by reference thereto. |
|   |   |                                                                                                                                                                |
| (7)    |   | Filed as an exhibit to our Annual Report filed on March 26, 2004 for the year ended December 31, 2003 and hereby incorporated by reference thereto.                 |
|   |   |                                                                                                                                                                |
| (8)    |   | Filed as an exhibit to our Current Report on Form 8-K for an event dated December 22, 2010 and hereby incorporated by reference thereto.                            |

----

|   | (b) | Reports on Form 8-K: |
|--------|-----|----------------------|

|   | (1) | On January 29, 2009, Form 8-K was filed indicating that MangoSoft agreed to loan $600,000 to Plaintiff Holding XI LLC, a newly formed wholly owned subsidiary (the “Subsidiary”) of Plaintiff Funding Holding, Inc., d/b/a LawCash. Such loan is evidenced by a secured promissory note issued by the Subsidiary to MangoSoft having a term of one year and bearing interest at the rate of 14% per annum. Each of the Company and LawCash are directly or indirectly controlled by Mr. Selig Zises and Mr. Jay Zises. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | On May 22, 2009, MangoSoft, Inc. (the “Company”) agreed to purchase from Plaintiff Funding Holding, Inc., d/b/a LawCash (“LawCash”), for the sum of $400,000 (the “Purchase Price”), all of LawCash’s rights, title and interest in certain specified litigations that had been funded by LawCash (the “Cases”).  LawCash, through its various subsidiaries, is in the business of financing personal injury litigations, such as the Cases, and in connection therewith, receives a contingent interest in the proceeds of the potential recovery by a personal injury claimant or litigant.  In accordance with the bill of sale entered into on May 22, 2009 by the Company and LawCash pursuant to which the Company acquired the Cases (the “Bill of Sale”), LawCash will service the Cases pursuant to a master services agreement dated May 22, 2009 (the “Master Services Agreement”) and the Company is entitled to receive from the disposition of the Cases (i) the return of the Purchase Price, and (ii) a return on the Purchase Price of 14% per annum. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | Effective December 31, 2009, the Company and Built Right Networks, LLC (“Built Right”) entered into a Hosting License Agreement. Under the terms of this new non-exclusive license, commencing January 1, 2010, Built Right will independently maintain, host and support the Company suite of software offerings and service the Company’s existing customers. Built Right will have the rights to and responsibility for these former client accounts and collect any and all fees related thereto. The Company retains all intellectual property rights. Built Right retains the right to use the Company’s trademarks under the terms of the hosting agreement and will maintain the Company’s web-site for the purposes of continuing these services. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (4) | On January 27, 2010, MangoSoft, Inc. (the “Company”) announced the appointment of Dennis M. Goett as Chief Operating Officer and Chief Financial Officer of the Company as well as his election to the Board of Directors. The Company also announced the transition of its offices to New York. The Company’s new mailing address is 108 Village Square, Suite 315, Somers, New York 10589. The telephone number for the new executive offices is 914-669-5333. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (5) | Effective February 24, 2010, Selig Zises resigned his interim roles as Chairman and CEO of the Company. Dennis Goett replaces Mr. Zises as Chairman and CEO. At that same time, Elliott H. Singer and Joseph Luminoso, were elected to the Company’s Board of Directors. Mr. Singer brings experience in both corporate development and board service. He founded A+ Communications, a telecommunications company, and built it into a $100 million enterprise. He serves on two other boards; Neurologix Inc. and Ameritrans Capital Corporation and is a founding principal of Fairview Advisors, a middle market merchant bank. Mr. Luminoso is a seasoned software and services senior executive who manages Technical Solutions for 3Par, a manufacturer of systems and software for data storage and information management. He has a long history of successful IT management having previously served at SoftNet Technologies, NetApp and Computer Associates. Mr. Luminoso also served on the board of SoftNet Technologies. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (6) | On June 17, 2010, MangoSoft, Inc. (the “Company”) announced the appointment of Sean M. Gavin as its Chief Financial Officer effective May 24, 2010.  Mr. Gavin is a seasoned executive with a strong background in finance, investments, internal audit, analytics and strategic planning and is a Chartered Financial Analyst. With this appointment, Dennis M. Goett, the Company’s Chairman and CEO, relinquished his position as CFO of the Company. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (7) | On December 22, 2010, whereby the Company acquired Structured Settlement Investments, L.P., a Delaware limited partnership, in exchange for 200,000 shares of the Company’s common stock. At the time of the approval of the acquisition, the transaction was valued at $20,000 ($0.10 per share).  On December 27, 2010, the Company announced in a press release (MangoSoft Acquires Structured Settlement Firm) that the Company acquired Structured Settlement Investments, L.P. (“SSI LP”), a Delaware limited partnership that originates, purchases and resells structured settlements from beneficiaries of insurance, litigation and lottery awards. The structured settlement investment business provides liquidity to beneficiaries in the form of cash purchases of streams of future payments which the sellers are entitled to receive over a number of years. SSI LP was formed as a limited partnership in 2005 and has purchased streams of payments in excess of $85 million in the aggregate. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (8) | On March 3, 2011, the Company filed a Form 8-K/A where it announced the following: (i) pursuant to written consent of a majority of the shareholders of the Company, the Company filed an Amendment to the Company’s Articles of Incorporation with the Secretary of State of the State of Nevada changing its name from MangoSoft, Inc. to Mango Capital, Inc.  The Company filed all required notifications with FINRA to effect the change in the name of the Company and simultaneously changed its trading symbol to MCAP effective February 17, 2011. (See, the Company’s Form 14C filing with the SEC)., (ii) Sean M. Gavin, the Chief Financial Officer of the Company, was elected as corporate Secretary of the Company effective February 16, 2011, simultaneously Dennis M. Goett, the Chief Executive Officer of the Company resigned as corporate Secretary and was elected assistant corporate Secretary, (iii) The agreement to acquire was amended SSI LP was to ensure that the SSI legal entity would continue until such time as Aspyre Settlement Funding, Inc. (“Aspyre”) could be organized and that Aspyre Settlement Funding, Inc. was incorporated as a Pennsylvania domestic corporation effective January 25, 2011, and (iv) the Company entered into a First Amendment to Secured Promissory Note amending the Maturity Date of the Secured Promissory Note, for an initial period of sixty (60) days, in exchange for the accrual of a higher rate of interest. |
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| May 16, 2011 | MANGO CAPITAL, INC.     |
|--------------|-------------------------|
|         |                    |
|         | /S/ Dennis M. Goett     |
|         | Dennis M. Goett         |
|         | Chief Executive Officer |
|         |                    |
| May 16, 2011 | MANGO CAPITAL, INC.     |
|         |                    |
|         | /S/ Sean M. Gavin       |
|         | Sean M. Gavin           |
|         | Chief Financial Officer |

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