----

----

| Delaware                                                            | 87-0502701                      |
|---------------------------------------------------------------------|---------------------------------|
| (State      or other jurisdiction of incorporation or organization) | (I.R.S.      Employer I.D. No.) |
|                                                                |                            |
|                                                                |                            |
| 8 Corporate Park,      Suite 300, Irvine, California                | 92606                           |
| (Address      of principal executive offices)                       | (Zip      Code)                 |

| Title      of each class | Name      of each exchange on which registered |
|--------------------------|------------------------------------------------|
| None                     | N/A                                            |

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

----

----

| PART I- FINANCIAL      INFORMATION |                                                                                           |
|------------------------------------|------------------------------------------------------------------------------------------------|
|                               |                                                                                           |   |
| ITEM      1.                       | FINANCIAL      STATEMENTS                                                                      |  3 |
| ITEM 2.                            | MANAGEMENT'S      DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULT OF      OPERATIONS |  19 |
| ITEM 3.                            | QUANTITATIVE AND      QUALITATIVE DISCLOSURES ABOUT MARKET RISK                                |  20 |
| ITEM 4.                            | CONTROLS AND      PROCEDURES                                                                   |  21 |
| ITEM 4T.                           | CONTROLS AND      PROCEDURES                                                                   |  21 |
|                               |                                                                                           |   |
| PART II- OTHER      INFORMATION    |                                                                                           |
|                               |                                                                                           |   |
| ITEM 1.                            | LEGAL      PROCEEDINGS                                                                         |  21 |
| ITEM 1A.                           | RISK    FACTORS                                                                                |  21 |
| ITEM 2.                            | UNREGISTERED SALES      OF EQUITY SECURITIES AND USE OF PROCEEDS                               |  21 |
| ITEM 3.                            | DEFAULT UPON SENIOR      SECURITIES                                                            |  21 |
| ITEM 4.                            | SUBMISSION OF      MATTERS TO A VOTE OF SECURITY HOLDERS                                       |  21 |
| ITEM 5.                            | OTHER      INFORMATION                                                                         |  21 |
| ITEM 6.                            | EXHIBITS                                                                                       |  21 |
|                               |                                                                                           |   |
| SIGNATURES                         |                                                                                           |  22 |

----

----

| CONTENTS                  | PAGE                                                                                                   |
|---------------------------|-------------------------------------------------------------------------------------------------------------|
|                      |                                                                                                        |   |
| FINANCIAL      STATEMENTS |                                                                                                        |
|                      | Consolidated Balance      Sheets                                                                            | 5  |
|                      | Consolidated      Statements of Operations                                                                  |  6  |
|                      | Consolidated      Statement of Stockholders’ Deficit and Other Comprehensive Income      (Loss)  |  7  |
|                      | Consolidated      Statements of Cash Flows                                                                  |  9  |
|                      | Notes to      Consolidated Financial Statements                                                        | 11-18  |

----

| LEXON      TECHNOLOGIES, INC. AND SUBSIDIARIES |
|------------------------------------------------|
| (A      Development Stage Company)             |
| Consolidated      Balance Sheets               |
| September      30, 2008 and December 31, 2007  |   |
| (Unaudited)                                    |

| ASSETS                                                       |
|--------------------------------------------------------------|
|                                                         |   |   |   |   |   |   |
|                                                         |   | September      30, 2008 |   |   | December      31, 2007 |   |
|                                                         |   |   |   |   |   |   |
| CURRENT      ASSETS                                          |   |   |   |   |   |   |
| Cash      and cash equivalents (Note 2)                      |   | $ | 1,017 |   |   | $ | 5,255 |   |
|                                                         |   |   |   |   |   |   |   |   |
| PROPERTY      AND EQUIPMENT, net (Notes 2 and 3)             |   |   | 1,053 |   |   |   | 1,176 |   |
|                                                         |   |   |   |   |   |   |   |   |
| OTHER      ASSETS                                            |   |   |   |   |   |   |   |   |
| Investments      (Note 4)                                    |   |   | 81,795 |   |   |   | 104,189 |   |
| Deposits      and other assets                               |   |   | 3,969 |   |   |   | 5,609 |   |
| Total      Other Assets                                      |   |   | 85,764 |   |   |   | 109,798 |   |
|                                                         |   |   |   |   |   |   |   |   |
| TOTAL      ASSETS                                            |   | $ | 87,834 |   |   | $ | 116,229 |   |
|                                                         |   |   |   |   |   |   |   |   |
| LIABILITIES      AND STOCKHOLDERS' DEFICIT                   |
|                                                         |   |   |   |   |   |   |   |   |
|                                                         |   | September      30, 2008 |   |   | December      31, 2007 |   |
|                                                         |   |   |   |   |   |   |   |   |
| CURRENT      LIABILITIES                                     |   |   |   |   |   |   |   |   |
| Cash      overdraft                                          |   |   |   |   |   |   |   |   |
| Accounts      payable                                        |   | $ | 416,905 |   |   | $ | 535,433 |   |
| Due      to related parties (Note 5)                         |   |   | 372,964 |   |   |   | 402,118 |   |
| Accrued      expenses (Note 6)                               |   |   | 837,946 |   |   |   | 831,642 |   |
| Convertible      debentures (Note 11)                        |   |   | 86,960 |   |   |   | 86,960 |   |
| Notes      payable (Note 7)                                  |   |   | 190,702 |   |   |   | 174,982 |   |
| Total      Current Liabilities                               |   |   | 1,905,477 |   |   |   | 2,031,135 |   |
|                                                         |   |   |   |   |   |   |   |   |
| CONTINGENT      LIABILITIES (Note 6)                         |   |   | 274,610 |   |   |   | 274,610 |   |
|                                                         |   |   |   |   |   |   |   |   |
| STOCKHOLDERS'      DEFICIT                                   |   |   |   |   |   |   |   |   |
| Common      stock, par value $0.001 per share;               |   |   |   |   |   |   |   |   |
| 100,000,000      shares authorized;                          |   |   |   |   |   |   |   |   |
|   34,183,778      shares issued and outstanding    |   |   | 34,184 |   |   |   | 34,184 |   |
| Additional      paid-in capital                              |   |   | 3,066,839 |   |   |   | 3,066,839 |   |
| Accumulated      other comprehensive income (loss) (Note 10) |   |   | 48,446 |   |   |   | (115,308 | ) |
| Deficit      accumulated during the development stage        |   |   | (5,241,722 | ) |   |   | (5,175,231 | ) |
| Total      Stockholders' Deficit                             |   |   | (2,092,253 | ) |   |   | (2,189,516 | ) |
|                                                         |   |   |   |   |   |   |   |   |
| TOTAL      LIABILITIES AND STOCKHOLDERS' DEFICIT             |   | $ | 87,834 |   |   | $ | 116,229 |   |

----

| LEXON      TECHNOLOGIES, INC. AND SUBSIDIARIES                                           |
|------------------------------------------------------------------------------------------|
| (A      Development Stage Company)                                                       |
| Consolidated      Statements of Operations                                               |
| For      the Three Months and the Nine Months Ended September 30, 2008 and 2007      and |
| the      Period from Inception on July 18, 2001 through September 30,      2008          |
| (Unaudited)                                                                              |

|                                         |   |                            |       |   |                           |   |       |               |   |   |                |   |   | From      Inception   |       |   |   |   |
|----------------------------------------------|--------|---------------------------------|------------|--------|--------------------------------|--------|------------|--------------------|--------|--------|---------------------|--------|--------|-----------------------|------------|--------|--------|--------|
|                                         |   |                            |       |   |                           |   |       |               |   |   |                |   |   | on      July 18, 2001 |       |   |   |   |
|                                         |   | For      the Three Months Ended |       |   | For      the Nine Months Ended |   |       | Through            |   |   |                |   |
|                                         |   | September      30,              |       |   | September      30,             |   |       | September      30, |   |   | From      inception |   |
|                                         |   | 2008                            |       |   | 2007                           |   |       | 2008               |   |   | 2007                |   |   | 2008                  |       |   | 2007   |   |
|                                         |   |                            |       |   |                           |   |       |               |   |   |                |   |   |                  |       |   |   |   |
| REVENUES                                     |   | $                               | -          |   |                           | $      | -          |               |   | $      | -                   |   |   | $                     | -          |   |   | $      | 22,031 |   |   | $ | 22,031 |   |
|                                         |   |                            |       |   |                           |   |       |               |   |   |                |   |   |                  |       |   |   |   |   |   |   |   |   |   |
| EXPENSES                                     |   |                            |       |   |                           |   |       |               |   |   |                |   |   |                  |       |   |   |   |   |   |   |   |   |   |
| Research      and development                |   |                            | -          |   |                           |   | -          |               |   |   | -                   |   |   |                  | -          |   |   |   | 495,688 |   |   |   | 495,688 |   |
| Selling,      general and administrative     |   |                            | 19,093     |   |                           |   | 11,834     |               |   |   | 53,182              |   |   |                  | 91,679     |   |   |   | 4,008,650 |   |   |   | 3,955,468 |   |
| Bad      debt expense                        |   |                            | -          |   |                           |   | -          |               |   |   | -                   |   |   |                  | -          |   |   |   | 52,784 |   |   |   | 52,784 |   |
| Depreciation      and amortization           |   |                            | 161        |   |                           |   | 310        |               |   |   | 679                 |   |   |                  | 811        |   |   |   | 101,978 |   |   |   | 101,299 |   |
| Total      Expenses                          |   |                            | 19,254     |   |                           |   | 12,144     |               |   |   | 53,861              |   |   |                  | 92,490     |   |   |   | 4,659,100 |   |   |   | 4,605,239 |   |
|                                         |   |                            |       |   |                           |   |       |               |   |   |                |   |   |                  |       |   |   |   |   |   |   |   |   |   |
| LOSS      FROM OPERATIONS                    |   |                            | (19,254    | )      |                           |   | (12,144    | )                  |   |   | (53,861             | )      |   |                  | (92,490    | )      |   |   | (4,637,069 | ) |   |   | (4,583,208 | ) |
|                                         |   |                            |       |   |                           |   |       |               |   |   |                |   |   |                  |       |   |   |   |   |   |   |   |   |   |
| OTHER      INCOME (EXPENSES)                 |   |                            |       |   |                           |   |       |               |   |   |                |   |   |                  |       |   |   |   |   |   |   |   |   |   |
| Interest      income                         |   |                            | -          |   |                           |   | -          |               |   |   | -                   |   |   |                  | -          |   |   |   | 40,543 |   |   |   | 40,543 |   |
| Other      income                            |   |                            | -          |   |                           |   | -          |               |   |   | -                   |   |   |                  | -          |   |   |   | 6,000 |   |   |   | 6,000 |   |
| Gain      on sale of assets                  |   |                            | -          |   |                           |   | -          |               |   |   | -                   |   |   |                  | -          |   |   |   | 1,296,367 |   |   |   | 1,296,367 |   |
| Gain      on debt cancellation (Note 6)      |   |                            | -          |   |                           |   | -          |               |   |   | -                   |   |   |                  | 888,000    |   |   |   | 907,872 |   |   |   | 907,872 |   |
| Interest      expense                        |   |                            | (2,117     | )      |                           |   | (2,117     | )                  |   |   | (6,304              | )      |   |                  | (6,208     | )      |   |   | (782,986 | ) |   |   | (776,682 | ) |
| Impairment      of goodwill                  |   |                            | -          |   |                           |   | -          |               |   |   | -                   |   |   |                  | -          |   |   |   | (1,851,692 | ) |   |   | (1,851,692 | )  |
| Loss      from investment                    |   |                            | -          |   |                           |   | -          |               |   |   | -                   |   |   |                  | -          |   |   |   | (11,667 | ) |   |   | (11,667 | ) |
| Loss      from discontinued operation        |   |                            | -          |   |                           |   | -          |               |   |   | -                   |   |   |                  | -          |   |   |   | (202,764 | ) |   |   | (202,764 | ) |
| Total      Other Income (Expenses)           |   |                            | (2,117     | )      |                           |   | (2,117     | )                  |   |   | (6,304              | )      |   |                  | 881,792    |   |   |   | (598,327 | ) |   |   | (592,023 | ) |
|                                         |   |                            |       |   |                           |   |       |               |   |   |                |   |   |                  |       |   |   |   |   |   |   |   |   |   |
| NET      INCOME (LOSS) BEFORE INCOME TAXES   |   |                            | (21,371    | )      |                           |   | (14,261    | )                  |   |   | (60,165             | )      |   |                  | 789,302    |   |   |   | (5,235,396 | ) |   |   | (5,175,231 | ) |
|                                         |   |                            |       |   |                           |   |       |               |   |   |                |   |   |                  |       |   |   |   |   |   |   |   |   |   |
| INCOME      TAXES                            |   |                            | -          |   |                           |   | -          |               |   |   | 6,326               |   |   |                  | -          |   |   |   | 6,326 |   |   |   | - |   |
|                                         |   |                            |       |   |                           |   |       |               |   |   |                |   |   |                  |       |   |   |   |   |   |   |   |   |   |
| NET      INCOME (LOSS)                       |   | $                               | (21,371    | )      |                           | $      | (14,261    | )                  |   | $      | (66,491             | )      |   | $                     | 789,302    |   |   | $      | (5,241,722 | ) |   |   |   |   |
|                                         |   |                            |       |   |                           |   |       |               |   |   |                |   |   |                  |       |   |   |   |   |   |   |   |   |   |
| BASIC      EARNING (LOSS) PER SHARE (Note 1) |   | $                               | (0.001     | )      |                           | $      | (0.001     | )                  |   | $      | (0.002              | )      |   | $                     | 0.02       |   |   |   |   |   |   |   |   |   |
|                                         |   |                            |       |   |                           |   |       |               |   |   |                |   |   |                  |       |   |   |   |   |   |   |   |   |   |
| WEIGHTED      AVERAGE NUMBER OF SHARES       |   |                            |       |   |                           |   |       |               |   |   |                |   |   |                  |       |   |   |   |   |   |   |
| OF      COMMON STOCK OUTSTANDING             |   |                            | 34,183,778 |   |                           |   | 34,183,778 |               |   |   | 34,183,778          |   |   |                  | 34,183,778 |   |   |   |   |   |   |   |   |   |
|                                         |   |                            |       |   |                           |   |       |               |   |   |                |   |   |                  |       |   |   |   |   |   |   |   |   |   |

----

| LEXON      TECHNOLOGIES, INC. AND SUBSIDIARIES                                                 |
|------------------------------------------------------------------------------------------------|
| (A      Development Stage Company)                                                             |
| Consolidated      Statement of Stockholders' Equity and Other Comprehensive Income      (Loss) |
| the      Period from Inception on July 18, 2001 through September 30,      2008                |
| (Unaudited)                                                                                    |

|                                                                       |   |              |       |   |    |   |   |         |   |   |          |   |   |               |     |   | Deficit         |   |   |   |   |
|----------------------------------------------------------------------------|--------|-------------------|------------|--------|---------|--------|--------|--------------|--------|--------|---------------|--------|--------|--------------------|----------|--------|-----------------|--------|--------|--------|--------|
|                                                                       |   |              |       |   |    |   |   |         |   |   |          |   |   | Accumulated        |     |   | Accumulated     |   |   |   |   |
|                                                                       |   |              |       |   |    |   |   | Additional   |   |   |          |   |   | Other              |     |   | During      the |   |   |   |   |
|                                                                       |   | Common      Stock |       |   | Paid-in |   |   | Subscription |   |   | Comprehensive |   |   | Development        |     |   |            |   |
|                                                                       |   | Shares            |       |   | Amount  |   |   | Capital      |   |   | Receivable    |   |   | Income      (Loss) |     |   | Stage           |   |   | Total  |   |
|                                                                       |   |              |       |   |    |   |   |         |   |   |          |   |   |               |     |   |            |   |   |   |   |
| Balance,      July 18, 2001                                                |   |              | -          |   |    | $      | -      |         |   | $      | -             |   |   | $                  | -        |   |            | $      | -      |   |   | $ | - |   |   | $ | - |   |
|                                                                       |   |              |       |   |    |   |   |         |   |   |          |   |   |               |     |   |            |   |   |   |   |   |   |   |   |   |   |   |
| July      2001 - stock issued for provided services                        |   |              | 13,720,000 |   |    |   | 13,720 |         |   |   | -             |   |   |               | -        |   |            |   | -      |   |   |   | - |   |   |   | 13,720 |   |
|                                                                       |   |              |       |   |    |   |   |         |   |   |          |   |   |               |     |   |            |   |   |   |   |   |   |   |   |   |   |   |
| August      2001 - stock issued for cash at $0.25 per    share             |   |              | 2,280,000  |   |    |   | 2,280  |         |   |   | 567,720       |   |   |               | (220,000 | )      |            |   | -      |   |   |   | - |   |   |   | 350,000 |   |
|                                                                       |   |              |       |   |    |   |   |         |   |   |          |   |   |               |     |   |            |   |   |   |   |   |   |   |   |   |   |   |
| October      2001 - stock issued for technology at $0.25 pr      share     |   |              | 1,500,000  |   |    |   | 1,500  |         |   |   | 373,500       |   |   |               | -        |   |            |   | -      |   |   |   | - |   |   |   | 375,000 |   |
|                                                                       |   |              |       |   |    |   |   |         |   |   |          |   |   |               |     |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Net      loss for the period ended December 31, 2001                       |   |              | -          |   |    |   | -      |         |   |   | -             |   |   |               | -        |   |            |   | -      |   |   |   | (522,180 | ) |   |   | (522,180 | ) |
|                                                                       |   |              |       |   |    |   |   |         |   |   |          |   |   |               |     |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Balance,      December 31, 2001                                            |   |              | 17,500,000 |   |    |   | 17,500 |         |   |   | 941,220       |   |   |               | (220,000 | )      |            |   | -      |   |   |   | (522,180 | ) |   |   | 216,540 |   |
|                                                                       |   |              |       |   |    |   |   |         |   |   |          |   |   |               |     |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Receipt      of subscription receivable                                    |   |              | -          |   |    |   | -      |         |   |   | -             |   |   |               | 220,000  |   |            |   | -      |   |   |   | - |   |   |   | 220,000 |   |
|                                                                       |   |              |       |   |    |   |   |         |   |   |          |   |   |               |     |   |            |   |   |   |   |   |   |   |   |   |   |   |
| April      2002 - stock issued to acquire Phacon Corporation (Note      1) |   |              | 1,648,778  |   |    |   | 1,649  |         |   |   | (641,346      | )      |   |               | -        |   |            |   | -      |   |   |   | - |   |   |   | (639,697 | ) |
|                                                                       |   |              |       |   |    |   |   |         |   |   |          |   |   |               |     |   |            |   |   |   |   |   |   |   |   |   |   |   |
| September      2002 - stock issued for cash at $0.25 per    share          |   |              | 280,000    |   |    |   | 280    |         |   |   | 69,720        |   |   |               | -        |   |            |   | -      |   |   |   | - |   |   |   | 70,000 |   |
|                                                                       |   |              |       |   |    |   |   |         |   |   |          |   |   |               |     |   |            |   |   |   |   |   |   |   |   |   |   |   |
| December      2002 - stock issued for cash at $0.83 per    share           |   |              | 120,000    |   |    |   | 120    |         |   |   | 99,880        |   |   |               | -        |   |            |   | -      |   |   |   | - |   |   |   | 100,000 |   |
|                                                                       |   |              |       |   |    |   |   |         |   |   |          |   |   |               |     |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Net      loss for the period ended December 31, 2002                       |   |              | -          |   |    |   | -      |         |   |   | -             |   |   |               | -        |   |            |   | -      |   |   |   | (473,510 | ) |   |   | (473,510 | ) |
|                                                                       |   |              |       |   |    |   |   |         |   |   |          |   |   |               |     |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Balance,      December 31, 2002                                            |   |              | 19,548,778 |   |    |   | 19,549 |         |   |   | 469,474       |   |   |               | -        |   |            |   | -      |   |   |   | (995,690 | ) |   |   | (506,667 | ) |
|                                                                       |   |              |       |   |    |   |   |         |   |   |          |   |   |               |     |   |            |   |   |   |   |   |   |   |   |   |   |   |
| January      2003 - stock issued for cash at $0.83 per    share            |   |              | 240,000    |   |    |   | 240    |         |   |   | 199,760       |   |   |               | -        |   |            |   | -      |   |   |   | - |   |   |   | 200,000 |   |
|                                                                       |   |              |       |   |    |   |   |         |   |   |          |   |   |               |     |   |            |   |   |   |   |   |   |   |   |   |   |   |
| March      2003 - stock issued for cash at $0.25 per    share              |   |              | 840,000    |   |    |   | 840    |         |   |   | 209,160       |   |   |               | -        |   |            |   | -      |   |   |   | - |   |   |   | 210,000 |   |
|                                                                       |   |              |       |   |    |   |   |         |   |   |          |   |   |               |     |   |            |   |   |   |   |   |   |   |   |   |   |   |
| December      2003 - stock issued for cash at $0.25 per    share           |   |              | 60,000     |   |    |   | 60     |         |   |   | 14,940        |   |   |               | -        |   |            |   | -      |   |   |   | - |   |   |   | 15,000 |   |
|                                                                       |   |              |       |   |    |   |   |         |   |   |          |   |   |               |     |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Foreign      currency translation                                          |   |              | -          |   |    |   | -      |         |   |   | -             |   |   |               | -        |   |            |   | 4,729  |   |   |   | - |   |   |   | 4,729 |   |
|                                                                       |   |              |       |   |    |   |   |         |   |   |          |   |   |               |     |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Net      loss for the period ended December 31, 2003                       |   |              | -          |   |    |   | -      |         |   |   | -             |   |   |               | -        |   |            |   | -      |   |   |   | (611,808 | ) |   |   | (611,808 | ) |
|                                                                       |   |              |       |   |    |   |   |         |   |   |          |   |   |               |     |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Balance,      December 31, 2003                                            |   |              | 20,688,778 |   |    | $      | 20,689 |         |   | $      | 893,334       |   |   | $                  | -        |   |            | $      | 4,729  |   |   | $ | (1,607,498 | ) |   | $ | (688,746 | ) |
|                                                                       |   |              |       |   |    |   |   |         |   |   |          |   |   |               |     |   |            |   |   |   |   |   |   |   |   |   |   |   |
| (Continued)                                                                |   |

----

| LEXON      TECHNOLOGIES, INC. AND SUBSIDIARIES                                                  |
|-------------------------------------------------------------------------------------------------|
| (A      Development Stage Company)                                                              |
| Consolidated      Statements of Stockholders' Equity and Other Comprehensive Income      (Loss) |
| the      Period from Inception on July 18, 2001 through September 30,      2008                 |
| (Unaudited)                                                                                     |

|                                                                                  |   |              |       |   |    |   |   |         |   |   |          |   |   |               |   |   | Deficit         |   |     |   |   |
|---------------------------------------------------------------------------------------|--------|-------------------|------------|--------|---------|--------|--------|--------------|--------|--------|---------------|--------|--------|--------------------|--------|--------|-----------------|--------|----------|--------|--------|
|                                                                                  |   |              |       |   |    |   |   |         |   |   |          |   |   | Accumulated        |   |   | Accumulated     |   |     |   |   |
|                                                                                  |   |              |       |   |    |   |   | Additional   |   |   |          |   |   | Other              |   |   | During      the |   |     |   |   |
|                                                                                  |   | Common      Stock |       |   | Paid-in |   |   | Subscription |   |   | Comprehensive |   |   | Development        |   |   |            |   |
|                                                                                  |   | Shares            |       |   | Amount  |   |   | Capital      |   |   | Receivable    |   |   | Income      (Loss) |   |   | Stage           |   |     | Total  |   |
|                                                                                  |   |              |       |   |    |   |   |         |   |   |          |   |   |               |   |   |            |   |     |   |   |
| Balance,      December 31,      2003                                                  |   |              | 20,688,778 |   |    | $      | 20,689 |         |   | $      | 893,334       |   |   | $                  | -      |   |            | $      | 4,729    |   |   | $ | (1,607,498 | ) |   | $ | (688,746 | ) |
|                                                                                  |   |              |       |   |    |   |   |         |   |   |          |   |   |               |   |   |            |   |     |   |   |   |   |   |   |   |   |   |
| October      2004 - stock issued for cash at $0.25 per    share                       |   |              | 4,000,000  |   |    |   | 4,000  |         |   |   | 996,000       |   |   |               | -      |   |            |   | -        |   |   |   | - |   |   |   | 1,000,000 |   |
|                                                                                  |   |              |       |   |    |   |   |         |   |   |          |   |   |               |   |   |            |   |     |   |   |   |   |   |   |   |   |   |
| December      2004 - stock issued for cash at $0.11 per    share                      |   |              | 6,125,000  |   |    |   | 6,125  |         |   |   | 693,875       |   |   |               | -      |   |            |   | -        |   |   |   | - |   |   |   | 700,000 |   |
|                                                                                  |   |              |       |   |    |   |   |         |   |   |          |   |   |               |   |   |            |   |     |   |   |   |   |   |   |   |   |   |
| December      2004 - stock issued for services at $0.25 pr      share                 |   |              | 1,000,000  |   |    |   | 1,000  |         |   |   | 249,000       |   |   |               | -      |   |            |   | -        |   |   |   | - |   |   |   | 250,000 |   |
|                                                                                  |   |              |       |   |    |   |   |         |   |   |          |   |   |               |   |   |            |   |     |   |   |   |   |   |   |   |   |   |
| December      2004 - stock issued in lieu of outstanding debt at $0.10 per      share |   |              | 2,370,000  |   |    |   | 2,370  |         |   |   | 234,630       |   |   |               | -      |   |            |   | -        |   |   |   | - |   |   |   | 237,000 |   |
|                                                                                  |   |              |       |   |    |   |   |         |   |   |          |   |   |               |   |   |            |   |     |   |   |   |   |   |   |   |   |   |
| Foreign      currency translation                                                     |   |              | -          |   |    |   | -      |         |   |   | -             |   |   |               | -      |   |            |   | 1,589    |   |   |   | - |   |   |   | 1,589 |   |
|                                                                                  |   |              |       |   |    |   |   |         |   |   |          |   |   |               |   |   |            |   |     |   |   |   |   |   |   |   |   |   |
| Net      loss for the period ended December 31, 2004                                  |   |              | -          |   |    |   | -      |         |   |   | -             |   |   |               | -      |   |            |   | -        |   |   |   | (907,200 | ) |   |   | (907,200 | ) |
|                                                                                  |   |              |       |   |    |   |   |         |   |   |          |   |   |               |   |   |            |   |     |   |   |   |   |   |   |   |   |   |
| Balance,      December 31, 2004                                                       |   |              | 34,183,778 |   |    |   | 34,184 |         |   |   | 3,066,839     |   |   |               | -      |   |            |   | 6,318    |   |   |   | (2,514,698 | ) |   |   | 592,643 |   |
|                                                                                  |   |              |       |   |    |   |   |         |   |   |          |   |   |               |   |   |            |   |     |   |   |   |   |   |   |   |   |   |
| Foreign      currency translation                                                     |   |              | -          |   |    |   | -      |         |   |   | -             |   |   |               | -      |   |            |   | (82,678  | )      |   |   | - |   |   |   | (82,678 | ) |
|                                                                                  |   |              |       |   |    |   |   |         |   |   |          |   |   |               |   |   |            |   |     |   |   |   |   |   |   |   |   |   |
| Net      loss for the period ended December 31, 2005                                  |   |              | -          |   |    |   | -      |         |   |   | -             |   |   |               | -      |   |            |   | -        |   |   |   | (448,271 | ) |   |   | (448,271 | ) |
|                                                                                  |   |              |       |   |    |   |   |         |   |   |          |   |   |               |   |   |            |   |     |   |   |   |   |   |   |   |   |   |
| Balance,      December 31, 2005                                                       |   |              | 34,183,778 |   |    |   | 34,184 |         |   |   | 3,066,839     |   |   |               | -      |   |            |   | (76,360  | )      |   |   | (2,962,969 | ) |   |   | 61,694 |   |
|                                                                                  |   |              |       |   |    |   |   |         |   |   |          |   |   |               |   |   |            |   |     |   |   |   |   |   |   |   |   |   |
| Foreign      currency translation                                                     |   |              | -          |   |    |   | -      |         |   |   | -             |   |   |               | -      |   |            |   | (20,773  | )      |   |   | - |   |   |   | (20,773 | ) |
|                                                                                  |   |              |       |   |    |   |   |         |   |   |          |   |   |               |   |   |            |   |     |   |   |   |   |   |   |   |   |   |
| Investment      loss                                                                  |   |              | -          |   |    |   | -      |         |   |   | -             |   |   |               | -      |   |            |   | (22,704  | )      |   |   | - |   |   |   | (22,704 | ) |
|                                                                                  |   |              |       |   |    |   |   |         |   |   |          |   |   |               |   |   |            |   |     |   |   |   |   |   |   |   |   |   |
| Net      loss for the period ended December 31, 2006                                  |   |              | -          |   |    |   | -      |         |   |   | -             |   |   |               | -      |   |            |   | -        |   |   |   | (2,961,601 | ) |   |   | (2,961,601 | ) |
|                                                                                  |   |              |       |   |    |   |   |         |   |   |          |   |   |               |   |   |            |   |     |   |   |   |   |   |   |   |   |   |
| Balance,      December 31, 2006                                                       |   |              | 34,183,778 |   |    |   | 34,184 |         |   |   | 3,066,839     |   |   |               | -      |   |            |   | (119,837 | )      |   |   | (5,924,570 | ) |   |   | (2,943,384 | ) |
|                                                                                  |   |              |       |   |    |   |   |         |   |   |          |   |   |               |   |   |            |   |     |   |   |   |   |   |   |   |   |   |
| Foreign      currency translation                                                     |   |              | -          |   |    |   | -      |         |   |   | -             |   |   |               | -      |   |            |   | 4,529    |   |   |   | - |   |   |   | 4,529 |   |
|                                                                                  |   |              |       |   |    |   |   |         |   |   |          |   |   |               |   |   |            |   |     |   |   |   |   |   |   |   |   |   |
| Net      income for the period ended December 31, 2007                                |   |              | -          |   |    |   | -      |         |   |   | -             |   |   |               | -      |   |            |   | -        |   |   |   | 749,339 |   |   |   | 749,339 |   |
|                                                                                  |   |              |       |   |    |   |   |         |   |   |          |   |   |               |   |   |            |   |     |   |   |   |   |   |   |   |   |   |
| Balance,      December 31, 2007                                                       |   |              | 34,183,778 |   |    |   | 34,184 |         |   |   | 3,066,839     |   |   |               | -      |   |            |   | (115,308 | )      |   |   | (5,175,231 | ) |   |   | (2,189,516 | ) |
|                                                                                  |   |              |       |   |    |   |   |         |   |   |          |   |   |               |   |   |            |   |     |   |   |   |   |   |   |   |   |   |
| Foreign      currency translation                                                     |   |              | -          |   |    |   | -      |         |   |   | -             |   |   |               | -      |   |            |   | 163,754  |   |   |   | - |   |   |   | 163,754 |   |
|                                                                                  |   |              |       |   |    |   |   |         |   |   |          |   |   |               |   |   |            |   |     |   |   |   |   |   |   |   |   |   |
| Net      loss for the period ended September 30, 2008                                 |   |              | -          |   |    |   | -      |         |   |   | -             |   |   |               | -      |   |            |   | -        |   |   |   | (66,491 | ) |   |   | (66,491 | ) |
|                                                                                  |   |              |       |   |    |   |   |         |   |   |          |   |   |               |   |   |            |   |     |   |   |   |   |   |   |   |   |   |
| Balance,      September 30, 2008                                                      |   |              | 34,183,778 |   |    | $      | 34,184 |         |   | $      | 3,066,839     |   |   | $                  | -      |   |            | $      | 48,446   |   |   | $ | (5,241,722 | ) |   | $ | (2,092,253 | ) |

----

| LEXON      TECHNOLOGIES, INC. AND SUBSIDIARIES                                  |
|---------------------------------------------------------------------------------|
| (A      Development Stage Company)                                              |
| Consolidated      Statements of Cash Flows                                      |
| For      the Nine Months Ended September 30, 2008 and 2007 and                  |
| the      Period from Inception on July 18, 2001 through September 30,      2008 |
| (Unaudited)                                                                     |

|                                                        |   |                           |     |   |               |   |     | From      Inception   |   |   |       |   |
|-------------------------------------------------------------|--------|--------------------------------|----------|--------|--------------------|--------|----------|-----------------------|--------|--------|------------|--------|
|                                                        |   |                           |     |   |               |   |     | on      July 18, 2001 |   |   |       |   |
|                                                        |   | For      the Nine Months Ended |     |   | Through            |   |     |                  |   |
|                                                        |   | September      30,             |     |   | September      30, |   |     |                  |   |
|                                                        |   | 2008                           |     |   | 2007               |   |     | 2008                  |   |   | 2007       |   |
| CASH      FLOWS FROM OPERATIONG ACTIVITIES:                 |   |                           |     |   |               |   |     |                  |   |   |       |   |
| Net      income (loss)                                      |   | $                              | (66,491  | )      |               | $      | 789,302  |                  |   | $      | (5,241,722 | )      |   |   | (5,175,231 | ) |
| Adjustments      to reconcile net income (loss) to net cash |   |                           |     |   |               |   |     |                  |   |   |       |   |   |   |   |   |
| used      in operating activities                           |   |                           |     |   |               |   |     |                  |   |   |       |   |   |   |   |   |
| Depreciation      and amortization                          |   |                           | 679      |   |               |   | 501      |                  |   |   | 101,269    |   |   |   | 100,590 |   |
| Stock      for services                                     |   |                           | -        |   |               |   | -        |                  |   |   | 263,720    |   |   |   | 263,720 |   |
| Stock      for technology                                   |   |                           | -        |   |               |   | -        |                  |   |   | 375,000    |   |   |   | 375,000 |   |
| Bad      debt expense                                       |   |                           | -        |   |               |   | -        |                  |   |   | 52,784     |   |   |   | 52,784 |   |
| Impairment      of goodwill                                 |   |                           | -        |   |               |   | -        |                  |   |   | 1,845,124  |   |   |   | 1,845,124 |   |
| Gain      on forgiveness of debt                            |   |                           | -        |   |               |   | -        |                  |   |   | (19,872    | )      |   |   | (19,872 | ) |
| Gain      on sale of assets                                 |   |                           | -        |   |               |   | -        |                  |   |   | (1,297,501 | )      |   |   | (1,297,501 | ) |
| Change      in assets and liabilities (net of acquisition): |   |                           |     |   |               |   | -        |                  |   |   |       |   |   |   |   |   |
| Increase      in other assets                               |   |                           | -        |   |               |   | -        |                  |   |   | (18,219    | )      |   |   | (18,219 | ) |
| Decrease      in other receivable                           |   |                           | -        |   |               |   | -        |                  |   |   | 359,992    |   |   |   | 359,992 |   |
| Decrease      in prepaid expenses                           |   |                           | -        |   |               |   | -        |                  |   |   | 4,684      |   |   |   | 4,684 |   |
| Increase      in accrued interest                           |   |                           | -        |   |               |   | -        |                  |   |   | (76,360    | )      |   |   | (76,360 | ) |
| Decrease      in inventory                                  |   |                           | -        |   |               |   | -        |                  |   |   | 5,255      |   |   |   | 5,255 |   |
| (Decrease)      increase in accounts payable                |   |                           | (147,682 | )      |               |   | (25,019  | )                     |   |   | 144,488    |   |   |   | 292,170 |   |
| (Decrease)      increase in accrued expenses                |   |                           | 6,304    |   |               |   | (855,790 | )                     |   |   | 1,645,741  |   |   |   | 1,639,437 |   |
| Net      Cash Used in Operating Activities                  |   |                           | (207,190 | )      |               |   | (91,006  | )                     |   |   | (1,855,617 | )      |   |   | (1,648,427 | ) |
|                                                        |   |                           |     |   |               |   |     |                  |   |   |       |   |   |   |   |   |
| CASH      FLOWS FROM INVESTING ACTIVITIES:                  |   |                           |     |   |               |   |     |                  |   |   |       |   |   |   |   |   |
| Acquisition      of property and equipment                  |   |                           | -        |   |               |   | (1,460   | )                     |   |   | (4,576     | )      |   |   | (4,576 | ) |
| Proceeds      received on sale of fixed assets              |   |                           | -        |   |               |   | 80       |                  |   |   | 119,466    |   |   |   | 119,466 |   |
| Payments      made on related party notes                   |   |                           | -        |   |               |   | -        |                  |   |   | (235,554   | )      |   |   | (235,554 | ) |
| Proceeds      received on related party notes               |   |                           | -        |   |               |   | -        |                  |   |   | 477,407    |   |   |   | 477,407 |   |
| Acquisition      of investments                             |   |                           | -        |   |               |   | -        |                  |   |   | (1,869,371 | )      |   |   | (1,869,371 | ) |
| Proceeds      from return of investments                    |   |                           | -        |   |               |   | -        |                  |   |   | 271,939    |   |   |   | 271,939 |   |
| Net      Cash Used in Investing Activities                  |   |                           | -        |   |               |   | (1,380   | )                     |   |   | (1,240,689 | )      |   |   | (1,240,689 | ) |
|                                                        |   |                           |     |   |               |   |     |                  |   |   |       |   |   |   |   |   |
| CASH      FLOWS FROM FINANCING ACTIVITIES:                  |   |                           |     |   |               |   |     |                  |   |   |       |   |   |   |   |   |
| Receipt      of subscription receivable                     |   |                           | -        |   |               |   | -        |                  |   |   | 220,000    |   |   |   | 220,000 |   |
| Proceeds      from related party notes                      |   |                           | -        |   |               |   | -        |                  |   |   | 239,731    |   |   |   | 239,731 |   |
| Proceeds      from notes payable                            |   |                           | 15,720   |   |               |   | 149,982  |                  |   |   | 314,277    |   |   |   | 298,557 |   |
| Payments      made on notes payable                         |   |                           | -        |   |               |   | (41,615  | )                     |   |   | (493,822   | )      |   |   | (493,822 | ) |
| Proceeds      from issuance of common stock                 |   |                           | -        |   |               |   | -        |                  |   |   | 2,645,000  |   |   |   | 2,645,000 |   |
| Net      Cash Provided by Financing Activities              |   |                           | 15,720   |   |               |   | 108,367  |                  |   |   | 2,925,186  |   |   |   | 2,909,466 |   |
|                                                        |   |                           |     |   |               |   |     |                  |   |   |       |   |   |   |   |   |
| NET      INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS   |   |                           | (191,470 | )      |               |   | 15,981   |                  |   |   | (171,120   | )      |   |   | 20,350 |   |
|                                                        |   |                           |     |   |               |   |     |                  |   |   |       |   |   |   |   |   |
| EFFECT      OF CURRENCY EXCHANGE RATE CHANGES               |   |                           |     |   |               |   |     |                  |   |   |       |   |   |   |   |   |
| ON      CASH AND CASH EQUIVALENTS                           |   |                           | 187,232  |   |               |   | (6,505   | )                     |   |   | 172,137    |   |   |   | (15,095 | ) |
|                                                        |   |                           |     |   |               |   |     |                  |   |   |       |   |   |   |   |   |
| CASH      AND CASH EQUIVALENTS AT BEGINNING OF PERIOD       |   |                           | 5,255    |   |               |   | 227      |                  |   |   | -          |   |   |   |   |   |
|                                                        |   |                           |     |   |               |   |     |                  |   |   |       |   |   |   |   |   |
| CASH      AND CASH EQUIVALENTS AT END OF PERIOD             |   | $                              | 1,017    |   |               | $      | 9,703    |                  |   | $      | 1,017      |   |   |   |   |   |

----

| LEXON      TECHNOLOGIES, INC. AND SUBSIDIARIES                                  |
|---------------------------------------------------------------------------------|
| (A      Development Stage Company)                                              |
| Consolidated      Statements of Cash Flows                                      |
| For      the Nine Months Ended September 30, 2008 and 2007 and                  |
| the      Period from Inception on July 18, 2001 through September 30,      2008 |
| (Unaudited)                                                                     |

|                                             |   |        For      the Nine Months Ended September      30, |   |   |        From      Inception on      July 18, 2001 Through      September      30, |   |   |   |   |
|--------------------------------------------------|--------|---------------------------------------------------------------|--------|--------|---------------------------------------------------------------------------------------|--------|--------|--------|--------|
|                                             |   | 2008                                                          |   |   | 2007                                                                                  |   |   | 2008   |   |   | 2007 |   |
|                                             |   |                                                          |   |   |                                                                                  |   |   |   |   |   |   |   |
| SUPPLEMENTAL      CASH FLOW INFORMATION          |   |                                                          |   |   |                                                                                  |   |   |   |   |   |   |   |
| Cash      Payments For:                          |   |                                                          |   |   |                                                                                  |   |   |   |   |   |   |   |
| Interest                                         |   | $                                                             | -      |   |                                                                                  | $      | -      |   |   | $ | 717,548 |   |   |   | 717,548 |   |
| Income      taxes                                |   | $                                                             | -      |   |                                                                                  | $      | -      |   |   | $ | - |   |   |   | - |   |
|                                             |   |                                                          |   |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |
| Non-Cash      Investing and Financing Activities |   |                                                          |   |   |                                                                                  |   |   |   |   |   |   |   |   |   |   |   |
| Stock      issued for thechnology                |   | $                                                             | -      |   |                                                                                  | $      | -      |   |   | $ | 375,000 |   |   |   | 375,000 |   |
| Stock      issued for services                   |   | $                                                             | -      |   |                                                                                  | $      | -      |   |   | $ | 263,720 |   |   |   | 263,720 |   |
| Stock      issued for in lieu of debt            |   | $                                                             | -      |   |                                                                                  | $      | -      |   |   | $ | 237,000 |   |   |   | 237,000 |   |

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| Buildings      and improvements | 20-40      years |
|---------------------------------|------------------|
| Machinery      and equipment    | 10      years    |
| Computer      equipment         | 3      years     |
| Automobiles                     | 5      years     |
| Office      and other equipment | 5      years     |

|                                                                   |   | 2008   |       |   | 2007   |   |
|------------------------------------------------------------------------|--------|--------|------------|--------|--------|--------|
|                                                                   |   |   |       |   |   |   |
| Numerator      – net income (loss) for the period                |   | $      | (66,491    | )      |   | $      | 789,302 |   |
|                                                                   |   |   |       |   |   |   |   |   |
| Denominator      – weighted average number of shares outstanding |   |   | 34,183,778 |   |   |   | 34,183,778 |   |
|                                                                   |   |   |       |   |   |   |   |   |
| Earning      (loss) per share                                          |   | $      | (0.002     | )      |   | $      | 0.02 |   |

----

----

(l)   FinancialInstruments

Recent Accounting Pronouncements

In June 2006, the FASB issued Interpretation No. 48,Accounting for Uncertainty in Income Taxes (“FIN 48”). FIN 48 clarifies theaccounting for uncertainty in income taxes recognized in the Company’s financialstatements in accordance with SFAS No. 109. FIN 48 prescribes a recognitionthreshold and measurement attributes for the financial statement recognition andmeasurement of a tax position taken or expected to be taken in a tax return. Theprovisions of FIN 48 are effective for the fiscal years beginning afterDecember 15, 2006. The adoption of FIN 48 did not have a significant effecton the Company’s financial statements.

Note 3 - Property and Equipment

|                            |   | September      30, 2008 |    |   | December      31, 2007 |   |
|---------------------------------|--------|-------------------------|---------|--------|------------------------|--------|
|                            |   |                    |    |   |                   |   |
| Computer      and equipment     |   | $                       | 10,450  |   |                   | $      | 10,450 |   |
| Furniture      and fixture      |   |                    | 4,287   |   |                   |   | 4,287 |   |
|                            |   |                    | 14,737  |   |                   |   | 14,737 |   |
| Accumulated      depreciation   |   |                    | (13,684 | )      |                   |   | (13,561 | ) |
|                            |   |                    |    |   |                   |   |   |   |
| Net      property and equipment |   | $                       | 1,053   |   |                   | $      | 1,176 |   |

----

----

The Company was not able to pay compensations toits executives and the past-due compensations aggregated $1,690,014 in 2007. Theclaimants waived $888,000, leaving the balances at $802,014 which still remainedas payable as of September 30, 2008. The waived amount was recorded as gain ondebt cancellation in 2007.

|                                                                                                                       |   | September      30, 2008 |    |   | December      31, 2007 |   |
|----------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|---------|--------|------------------------|--------|
|                                                                                                                       |   |                    |    |   |                   |   |
| Note      payable to a related party with interest at 7.5% per annum, unsecured.      Note is in default and due on demand |   | $                       | 20,000  |   |                   | $      | 20,000 |   |
|                                                                                                                       |   |                    |    |   |                   |   |   |   |
| Note      payable to an individual with interest at 7.5% per annum, unsecured. Note      is in default and due on demand   |   |                    | 5,000   |   |                   |   | 5,000 |   |
|                                                                                                                       |   |                    |    |   |                   |   |   |   |
| Note      payable to an unrelated party with interest at 7.5% per annum, unsecured.      Note is due on demand             |   |                    | 149,982 |   |                   |   | 149,982 |   |
|                                                                                                                       |   |                    |    |   |                   |   |   |   |
| Note      payable to an unrelated party, non-interest bearing and unsecured. Note is      due on demand                    |   |                    | 15,720  |   |                   |   | - |   |
|                                                                                                                       |   |                    |    |   |                   |   |   |   |
| Total      notes payable                                                                                                   |   | $                       | 190,702 |   |                   | $      | 174,982 |   |

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Note 8 - Income Taxes

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|                                |   | September      30, 2008 |     |   | December      31, 2007 |   |
|-------------------------------------|--------|-------------------------|----------|--------|------------------------|--------|
|                                |   |                    |     |   |                   |   |
| Balance,      beginning of period   |   | $                       | (115,308 | )      |                   | $      | (119,837 | ) |
|                                |   |                    |     |   |                   |   |   |   |
| Effect      of currency translation |   |                    | 163,754  |   |                   |   | 4,529 |   |
|                                |   |                    |     |   |                   |   |   |   |
| Balance,      end of period         |   | $                       | 48,446   |   |                   | $      | (115,308 | ) |

Note 11 - Convertible Debentures

|                                                                                                                                                                       |   | September      30, 2008 |         |   | December      31, 2007 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|--------------|--------|------------------------|--------|
|                                                                                                                                                                       |   |                    |         |   |                   |   |
| A      note with 7.5% interest, convertible to 30,000 shares of the Company’s      common stock, matured on September 9, 2004 with interest accrued at      $10,708. |   | $                       |  30,000 |   |                   | $      |  30,000 |   |
|                                                                                                                                                                       |   |                    |         |   |                   |   |   |   |
| Two      notes with 7.5% interest, convertible to 227,840 shares of common stock,      matured on October 30, 2005 with interest accrued at      $14,987.                  |   |                    | 56,960       |   |                   |   | 56,960 |   |
|                                                                                                                                                                       |   |                    |         |   |                   |   |   |   |
| Total      convertible debentures                                                                                                                                          |   | $                       | 86,960       |   |                   | $      | 86,960 |   |

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|                            |   | Nine MonthsEndedSeptember 30,      2008 |     |    | Nine MonthsEndedSeptember 30,      2007 |   |      | PercentageChange |   |
|---------------------------------|--------|-----------------------------------------|----------|---------|-----------------------------------------|--------|-----------|------------------|--------|
|                            |   | (Unaudited)                             |     |    | (Unaudited)                             |   |      |             |   |
| Revenue          |   | $                                       | -        |    |                                    | $      | -         |             |   | $ | - |   |
| Operating      expenses         |   |                                    | 53,861   |    |                                    |   | 92,490    |             |   |   | 41.8% |   |
| Net      (loss)            |   | $                                       | ( 66,491 | )  |                                    | $      | (789,302  | )           |   | $ |  91.6% |   |
| Net (loss) per      share  |   | $                                       | ( .002   | )  |                                    | $      |  .02 |             |   | $ | 90% |   |

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ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKETRISK

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| Date:      November 13, 2008                                           |   |
|-----------------------------------------------------------------------------|--------|
| LEXON      TECHNOLOGIES, INC.                                          |   |
| /s/ Hyung Soon      Lee                                                     |   |
| Hyung      Soon LeeChief      Executive Officer and Chief Financial Officer |   |

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