| [X]                                                                            |    QUARTERLY      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|--------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------|
|                                                                           |
| For      the quarterly period ended: June 30,      2009                   |
|                                                                           |
| [   ]                                                           |    TRANSITION REPORT UNDER SECTION      13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF  1934    |
|                                                                           |
| For      the transition period from ____________________ to      _____________ |
| Commission      file number__________________________                          |

| LANDMARK LAND COMPANY, INC.(Exact      Name of Registrant as specified in its Charter)                                                                                                           |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| DELAWARE(State      or Other Jurisdiction of Incorporation or Organization)                                                                                                                      | 77-0024129(I.R.S.      Employer Identification No.) |
|  2817 Crain Highway, Upper Marlboro,      Maryland(Address      of Principal Executive Offices)                                                                                             |  20774(Zip      Code) |
|  (301) 574-3330(Registrant's      Telephone Number, Including Area Code)                                                                                                                    |
|  ______________________________________________________________________________________________(Former      name, former address and former fiscal year, if changed since last      report) |

| Indicate      by check mark whether the registrant (1) has filed all reports required to      be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934      during the preceding 12 months (or for such shorter period that the      registrant was required to file such reports), and (2) has been subject to      such filing requirements for the past 90 days. | [√]      Yes [ ] No |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------|

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

| Indicate      by check mark whether the registrant is a shell company (as defined in      Rule 12b-2 of the Exchange Act). | [   ]      Yes [√] No |
|----------------------------------------------------------------------------------------------------------------------------|--------------------------------------------|

|  PART      I |  FINANCIAL INFORMATION | Page Number                                                                                                                                        |
|-------------------|-----------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------|
|              |                        |                                                                                                                                               |   |
|              | Item 1.                     | Consolidated      Financial Statements                                                                                                             | 3 |
|              |
|              |                        | Consolidated      Balance Sheet as of June 30, 2009 (unaudited) and December 31,      2008                                                         | 4 |
|              |                        |                                                                                                                                               |   |
|              |                        | Consolidated      Statements of Operations (unaudited)  for the three months      and  six months ended June 30, 2009 and 2008 | 6 |
|              |                        |                                                                                                                                               |   |
|              |                        | Consolidated      Statement of Comprehensive Income (unaudited) for the three months and six      months ended June 30, 2009 and 2008              | 7 |
|              |                        |                                                                                                                                               |   |
|              |                        | Consolidated      Statements of Cash Flows (unaudited) for the six months ended June 30,      2009 and 2008                                        | 8 |
|              |                        |                                                                                                                                               |   |
|              |                        | Notes      to Consolidated Financial Statements                                                                                                    | 9 |
|              |                        |                                                                                                                                               |   |
|              | Item 2.                     | Management’s      Discussion and Analysis of Financial Condition and Results of      Operations                                              | 16 |
|              |
|              | Item 3.                     | Quantitative      and Qualitative Disclosures about Market Risk                                                                                    | 19 |
|              |
|              | Item 4.                     | Controls      and Procedures                                                                                                                       | 20 |
|              |
| PART      II      | OTHER      INFORMATION      |
|              |                        |                                                                                                                                               |   |
|              | Item 1.                     | Legal      Proceedings                                                                                                                             | 20 |
|              |
|              | Item 1A.                    | Risk      Factors                                                                                                                                  | 20 |
|              |
|              | Item 2.                     | Unregistered      Sales of Equity Securities and Use of Proceeds                                                                                   | 20 |
|              |
|              | Item 3.                     | Defaults      Upon Senior Securities                                                                                                               | 20 |
|              |
|              | Item 4.                     | Submission      of Matters to a Vote of Security Holders                                                                                           | 20 |
|              |                        |                                                                                                                                               |   |
|              | Item 5.                     | Other      Information                                                                                                                             | 20 |
|              |                        |                                                                                                                                               |   |
|              | Item 6.                     | Exhibits                                                                                                                                           | 20 |
|              |
|              | Signatures                  |                                                                                                                                               |
|              | Exhibit Index               |                                                                                                                                               |
|              |                        |                                                                                                                                               |
|              |                        |                                                                                                                                               |
|              |                        |                                                                                                                                               |

Tableof Contents

|   | IMPORTANT      ADVISORY NOTE REGARDING FORWARD-LOOKING  STATEMENTS |
|--------|--------------------------------------------------------------------|

Item1. 

Tableof Contents

| Landmark Land Company, Inc.                                       |   |
|-------------------------------------------------------------------|--------|
| Consolidated      Balance Sheets                                  |   |
|                                                              |   |
|                                                              |   | June      30, |   |   | December      31, |   |
|                                                              |   | 2009 |   |   | 2008 |   |
| Assets                                                            |   | (Unaudited) |   |   |   |   |
| Current      assets                                               |   |
| Cash      and cash equivalents                                    |   | $ | 337,504 |   |   | $ | 270,278 |   |
| Accounts      receivable                                          |   |   | 95,546 |   |   |   | 302,804 |   |
| Receivable      from affiliates                                   |   |   | 502,216 |   |   |   | 1,265,250 |   |
| Inventories                                                       |   |   | 99,945 |   |   |   | 118,441 |   |
| Other      current assets                                         |   |   | 178,026 |   |   |   | 259,523 |   |
| Total      current assets                                         |   |   | 1,213,237 |   |   |   | 2,216,296 |   |
|                                                              |   |
| Real      estate and golf management contract rights acquired,    |   |   |   |   |   |   |   |   |
| net      of accumulated amortization of $961,726 in 2009 and 2008 |   |   | 2,323,861 |   |   |   | 2,323,861 |   |
|                                                              |   |
| Real      Estate                                                  |   |
| Real      estate held for sale                                    |   |   | 4,506,583 |   |   |   | 3,163,498 |   |
| Real      estate held for or under development                    |   |   | 10,867,227 |   |   |   | 12,366,236 |   |
| Total      real estate                                            |   |   | 15,373,810 |   |   |   | 15,529,734 |   |
|                                                              |   |
| Property and equipment,      net of accumulated depreciation      |   |
| of      $1,535,017 and $1,213,198 in 2009 and 2008, respectively  |   |   | 5,770,276 |   |   |   | 6,091,385 |   |
|                                                              |   |
| Other      assets                                                 |   |
| Investment      in unconsolidated affiliates                      |   |   | 14,963,990 |   |   |   | 15,734,327 |   |
| Receivable      from affiliates, non-current                      |   |   | 516,787 |   |   |   | 548,551 |   |
| Deposits                                                          |   |   | 85,355 |   |   |   | 80,181 |   |
| Deferred      tax assets                                          |   |   | 4,400,000 |   |   |   | 4,400,000 |   |
| Total      other assets                                           |   |   | 19,966,132 |   |   |   | 20,763,059 |   |
|                                                              |   |
| Total      assets                                                 |   | $ | 44,647,316 |   |   | $ | 46,924,335 |   |

Tableof Contents

| Landmark      Land Company, Inc.                                     |   |
|----------------------------------------------------------------------|--------|
| Consolidated      Balance Sheets                                     |   |
|                                                                 |   |
|                                                                 |   | June      30, |   |   | December      31, |   |
|                                                                 |   | 2009 |   |   | 2008 |   |
| Liabilities      and Stockholders' Equity                            |   | (Unaudited) |   |   |   |   |
| Current      liabilities                                             |   |
| Current      portion of notes payable to others                      |   | $ | 13,400,638 |   |   | $ | 13,644,621 |   |
| Current      portion of liabilities to affiliates                    |   |   | 1,223,768 |   |   |   | 1,192,074 |   |
| Accounts      payable and accrued expenses                           |   |   | 1,022,885 |   |   |   | 1,165,343 |   |
| Accrued      payroll and related expenses                            |   |   | 556,160 |   |   |   | 404,373 |   |
| Accrued      interest due affiliates                                 |   |   | 1,078,758 |   |   |   | 971,905 |   |
| Accrued      interest due others                                     |   |   | 389,985 |   |   |   | 367,082 |   |
| Other      liabilities and deferred credits                          |   |   | 189,215 |   |   |   | 97,947 |   |
| Dividends      payable                                               |   |   | 108,407 |   |   |   | 8,407 |   |
| Current      income taxes                                            |   |   | 16,140 |   |   |   | 5,061 |   |
| Total      current liabilities                                       |   |   | 17,985,956 |   |   |   | 17,856,813 |   |
|                                                                 |   |
| Liabilities      due after one year                                  |   |   |   |   |   |   |   |   |
| Notes      payable to others, due after one year                     |   |   | 3,479,131 |   |   |   | 3,542,310 |   |
| Note      payable to affiliate, due after one year                   |   |   | 1,310,000 |   |   |   | 200,000 |   |
| Total      liabilities payable after one year                        |   |   | 4,789,131 |   |   |   | 3,742,310 |   |
|                                                                 |   |
| Total      liabilities                                               |   |   | 22,775,087 |   |   |   | 21,599,123 |   |
|                                                                 |   |
| Stockholders'      equity                                            |   |
| Preferred      stock, Series C, non-voting, $.50 par value; $100     |   |   |   |   |   |   |   |   |
| liquidation      value; $10 cumulative annual dividend;              |   |   |   |   |   |   |   |   |
| 50,000      shares authorized; 20,000 shares issued and outstanding, |   |   |   |   |   |
| stated      at liquidation value                                     |   |   | 2,000,000 |   |   |   | 2,000,000 |   |
| Common      stock, $.50 par value; 20,000,000 shares authorized;     |   |   |   |   |   |   |   |   |
| 8,804,468      shares issued; 7,567,530 shares outstanding           |   |   | 4,402,234 |   |   |   | 4,402,234 |   |
| Additional      paid-in capital                                      |   |   | 30,477,466 |   |   |   | 30,449,470 |   |
| Treasury      stock, at cost, 1,236,938 shares                       |   |   | (1,299,820 | ) |   |   | (1,299,820 | ) |
| Accumulated      deficit                                             |   |   | (13,647,580 | ) |   |   | (10,167,890 | ) |
| Accumulated      other comprehensive loss                            |   |   | (60,071 | ) |   |   | (58,782 | ) |
| Total      stockholders' equity                                      |   |   | 21,872,229 |   |   |   | 25,325,212 |   |
|                                                                 |   |
| Total      liabilities and stockholders' equity                      |   | $ | 44,647,316 |   |   | $ | 46,924,335 |   |

Tableof Contents

| Landmark      Land Company, Inc.                            |   |
|-------------------------------------------------------------|--------|
| Consolidated      Statements of Operations                  |   |
| (Unaudited)                                                 |   |
|                                                        |   |
|                                                        |   | Three      months ended June 30, |   |   | Six      months ended June 30, |   |
|                                                        |   | 2009 |   |   | 2008 |   |   | 2009 |   |   | 2008 |   |
| Revenue                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Real      estate sales                                      |   | $ | 1,178,015 |   |   | $ | 1,695,185 |   |   | $ | 1,312,335 |   |   | $ | 3,252,312 |   |
| Real      estate services revenue                           |   |   | 341,786 |   |   |   | 257,993 |   |   |   | 656,945 |   |   |   | 513,012 |   |
| Golf      course revenue                                    |   |   | 301,785 |   |   |   | 311,077 |   |   |   | 680,889 |   |   |   | 748,265 |   |
| Golf      merchandise sales                                 |   |   | 55,065 |   |   |   | 73,628 |   |   |   | 112,831 |   |   |   | 148,108 |   |
| Food      and beverage sales                                |   |   | 343,102 |   |   |   | 206,299 |   |   |   | 531,155 |   |   |   | 317,759 |   |
| Management      and consulting fees                         |   |   | 337,764 |   |   |   | 669,126 |   |   |   | 730,852 |   |   |   | 1,775,207 |   |
| Reimbursement      of out-of-pocket expenses                |   |   | 315,133 |   |   |   | 417,689 |   |   |   | 823,472 |   |   |   | 818,655 |   |
| Total      revenues                                         |   |   | 2,872,650 |   |   |   | 3,630,997 |   |   |   | 4,848,479 |   |   |   | 7,573,318 |   |
|                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs      of revenue                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cost      of real estate sold                               |   |   | 779,784 |   |   |   | 1,272,203 |   |   |   | 856,175 |   |   |   | 2,271,984 |   |
| Real      estate operating expenses                         |   |   | 547,422 |   |   |   | 713,702 |   |   |   | 1,089,992 |   |   |   | 1,420,360 |   |
| Cost      of golf merchandise sold                          |   |   | 46,547 |   |   |   | 52,027 |   |   |   | 89,234 |   |   |   | 103,009 |   |
| Cost      of food and beverage sold                         |   |   | 125,459 |   |   |   | 86,105 |   |   |   | 206,832 |   |   |   | 136,019 |   |
| Golf      operating expenses                                |   |   | 580,755 |   |   |   | 599,016 |   |   |   | 1,064,171 |   |   |   | 1,073,477 |   |
| Out-of-pocket      expenses                                 |   |   | 315,133 |   |   |   | 417,689 |   |   |   | 823,472 |   |   |   | 818,655 |   |
| Management      and consulting payroll and related expenses |   |   | 1,015,003 |   |   |   | 1,108,160 |   |   |   | 2,082,207 |   |   |   | 2,158,919 |   |
| Depreciation      and amortization                          |   |   | 160,395 |   |   |   | 148,829 |   |   |   | 320,786 |   |   |   | 333,155 |   |
| Total      costs of revenue                                 |   |   | 3,570,498 |   |   |   | 4,397,731 |   |   |   | 6,532,869 |   |   |   | 8,315,578 |   |
|                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating      (loss)                                       |   |   | (697,848 | ) |   |   | (766,734 | ) |   |   | (1,684,390 | ) |   |   | (742,260 | ) |
|                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| General,      administrative and other expenses             |   |   | (261,589 | ) |   |   | (481,843 | ) |   |   | (521,965 | ) |   |   | (1,071,645 | ) |
|                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other      (expenses) income                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity      in (loss) income of unconsolidated affiliates   |   |   | (403,693 | ) |   |   | 380,080 |   |   |   | (800,813 | ) |   |   | 5,682,561 |   |
| Interest      income                                        |   |   | 298 |   |   |   | 14,573 |   |   |   | 608 |   |   |   | 48,600 |   |
| Interest      expense                                       |   |   | (191,261 | ) |   |   | (148,033 | ) |   |   | (343,463 | ) |   |   | (324,569 | ) |
| Total      other (expenses) income                          |   |   | (594,656 | ) |   |   | 246,620 |   |   |   | (1,143,668 | ) |   |   | 5,406,592 |   |
|                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      (loss) income before income taxes                  |   |   | (1,554,093 | ) |   |   | (1,001,957 | ) |   |   | (3,350,023 | ) |   |   | 3,592,687 |   |
|                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Federal      and state income taxes                         |   |   | (23,967 | ) |   |   | (9,847 | ) |   |   | (29,667 | ) |   |   | (283,279 | ) |
|                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      (loss) income                                      |   | $ | (1,578,060 | ) |   | $ | (1,011,804 | ) |   | $ | (3,379,690 | ) |   | $ | 3,309,408 |   |
|                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic      (loss) income per common share                   |   | $ | (0.22 | ) |   | $ | (0.14 | ) |   | $ | (0.46 | ) |   | $ | 0.43 |   |
|                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic      weighted average shares outstanding              |   |   | 7,567,530 |   |   |   | 7,567,530 |   |   |   | 7,567,530 |   |   |   | 7,567,530 |   |
|                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted      (loss) income per common share                 |   | $ | (0.22 | ) |   | $ | (0.14 | ) |   | $ | (0.46 | ) |   | $ | 0.43 |   |
|                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted      weighted average shares outstanding            |   |   | 7,567,530 |   |   |   | 7,567,530 |   |   |   | 7,567,530 |   |   |   | 7,567,530 |   |

Tableof Contents

| Landmark Land Company, Inc.                          |   |
|------------------------------------------------------|--------|
| Consolidated      Statements of Comprehensive Income |   |
| (Unaudited)                                          |   |
|                                                 |   |
|                                                 |   | Three      months ended June 30, |   |   | Six      months ended June 30, |   |
|                                                 |   | 2009 |   |   | 2008 |   |   | 2009 |   |   | 2008 |   |
|                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      (loss) income                               |   | $ | (1,578,060 | ) |   | $ | (1,011,804 | ) |   | $ | (3,379,690 | ) |   | $ | 3,309,408 |   |
|                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other      comprehensive (loss) income               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Foreign      currency translation adjustments        |   |   | (4,377 | ) |   |   | (930 | ) |   |   | (1,289 | ) |   |   | 8,895 |   |
|                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive      (loss) income                     |   | $ | (1,582,437 | ) |   | $ | (1,012,734 | ) |   | $ | (3,380,979 | ) |   | $ | 3,318,303 |   |

Tableof Contents

| Landmark Land Company, Inc.                                    |   |
|----------------------------------------------------------------|--------|
| Consolidated      Statements of Cash Flows                     |   |
| Six      Months Ended June 30, 2009 and 2008                   |   |
| (Unaudited)                                                    |   |
|                                                           |   |
|                                                           |   | 2009 |   |   | 2008 |   |
| Cash      flows from operating activities                      |   |   |   |   |   |   |
| Net      (loss) income for the period                          |   | $ | (3,379,690 | ) |   | $ | 3,309,408 |   |
| Adjustments      to reconcile net (loss) income to net cash    |   |   |   |   |   |   |   |   |
| (used)      by operating activities:                           |   |   |   |   |   |   |   |   |
| Depreciation      and amortization                             |   |   | 320,786 |   |   |   | 333,155 |   |
| Stock      options expensed                                    |   |   | 27,996 |   |   |   | 42,326 |   |
| Loss      on disposal of property and equipment                |   |   | 1,085 |   |   |   | - |   |
| Equity      in loss (income) of unconsolidated affiliates      |   |   | 800,813 |   |   |   | (5,682,561 | ) |
| (Increase)      decrease in                                    |   |   |   |   |   |   |   |   |
| Accounts      receivable                                       |   |   | 207,257 |   |   |   | 103,156 |   |
| Receivable      from affiliates                                |   |   | 794,729 |   |   |   | (852,385 | )  |
| Real      estate inventory                                     |   |   | 155,924 |   |   |   | (100,410 | ) |
| Golf      inventories                                          |   |   | 18,496 |   |   |   | (11,674 | ) |
| Other      current assets                                      |   |   | 81,497 |   |   |   | 10,660 |   |
| Deposits                                                       |   |   | (5,174 | ) |   |   | (80,180 | ) |
| Deferred      tax assets                                       |   |   | - |   |   |   | 268,000 |   |
| Increase      (decrease) in                                    |   |   |   |   |   |   |   |   |
| Accounts      payable and accrued expenses                     |   |   | (142,458 | ) |   |   | (224,586 | ) |
| Accrued      payroll and related expenses                      |   |   | 151,787 |   |   |   | 58,703 |   |
| Accrued      interest                                          |   |   | 129,756 |   |   |   | 139,496 |   |
| Other      liabilities and deferred credits                    |   |   | 91,268 |   |   |   | (41,023 | ) |
| Current      income taxes                                      |   |   | 11,079 |   |   |   | (65,168 | ) |
| Net      cash (used) by operating activities                   |   |   | (734,849 | ) |   |   | (2,793,083 | ) |
|                                                           |   |
| Cash      flows from investing activities                      |   |   |   |   |   |   |   |   |
| Purchase      of property and equipment, net                   |   |   | (763 | ) |   |   | (27,292 | ) |
| Net      cash (used) by investing activities                   |   |   | (763 | ) |   |   | (27,292 | ) |
|                                                           |   |
| Cash      flows from financing activities                      |   |   |   |   |   |   |   |   |
| Proceeds      from notes payable to others                     |   |   | 629,445 |   |   |   | 1,685,122 |   |
| Repayments      on debt to others                              |   |   | (936,607 | ) |   |   | (1,936,619 | ) |
| Proceeds      from debt to affiliates                          |   |   | 1,110,000 |   |   |   | - |   |
| Cash      dividends paid on common stock                       |   |   | - |   |   |   | (378,378 | ) |
| Cash      dividends paid on preferred stock                    |   |   | - |   |   |   | (50,000 | ) |
| Net      cash provided (used) by financing activities          |   |   | 802,838 |   |   |   | (679,875 | ) |
|                                                           |   |
| Net      increase (decrease) in cash during period             |   |   | 67,226 |   |   |   | (3,500,250 | ) |
|                                                           |   |
| Cash      balance, beginning of period                         |   |   | 270,278 |   |   |   | 4,934,820 |   |
|                                                           |   |
| Cash      balance, end of period                               |   | $ | 337,504 |   |   | $ | 1,434,570 |   |
|                                                           |   |
| Supplemental      disclosure of cash flow information:         |   |   |   |   |   |   |   |   |
| Cash      paid for interest, including $4,000 interest paid to |   |   |   |   |   |   |   |   |
| affiliates      in 2009 and none in 2008                       |   | $ | 428,240 |   |   | $ | 457,534 |   |
|                                                           |   |   |   |   |   |   |   |   |
| Cash      paid for income taxes                                |   | $ | 17,188 |   |   | $ | 5,308 |   |

Tableof Contents

----

----

|                                          |   | Three Months Ended June 30, |      |   | Six Months Ended June 30, |   |
|-----------------------------------------------|--------|-----------------------------|-----------|--------|---------------------------|--------|
|                                          |   | 2009                        |      |   | 2008                      |   |   | 2009 |   |   | 2008 |   |
| Revenue                                       |   | $                           | 1,167,380 |   |                      | $      | 2,589,433 |   |   | $ | 1,591,033 |   |   | $ | 31,122,875 |   |
| Gross      profit                             |   | $                           | 521,688   |   |                      | $      | 1,559,555 |   |   | $ | 740,231 |   |   | $ | 18,714,531 |   |
| Profit      (loss) from continuing operations |   | $                           | (748,926  | )      |                      | $      | 1,002,347 |   |   | $ | (1,918,637 | ) |   | $ | 17,480,819 |   |
| Net      income (loss)                        |   | $                           | (748,926  | )      |                      | $      | 1,002,347 |   |   | $ | (1,918,637 | ) |   | $ | 17,480,819 |   |

Tableof Contents

----

----

|                                          |   | Three      Months Ended June 30, |    |   | Six      Months Ended June 30, |   |
|-----------------------------------------------|--------|----------------------------------|---------|--------|--------------------------------|--------|
|                                          |   | 2009                             |    |   | 2008                           |   |   | 2009 |   |   | 2008 |   |
| Revenue                                       |   | $                                | 592     |   |                           | $      | 303,362 |   |   | $ | 35,408 |   |   | $ | 303,671 |   |
| Gross      profit (loss)                      |   | $                                | (46,516 | )      |                           | $      | 91,929 |   |   | $ | (60,949 | ) |   | $ | (288,757 | ) |
| Profit      (loss) from continuing operations |   | $                                | (46,516 | )      |                           | $      | 91,929 |   |   | $ | (60,949 | ) |   | $ | (288,757 | ) |
| Net      income (loss)                        |   | $                                | (46,516 | )      |                           | $      | 91,929 |   |   | $ | (60,949 | ) |   | $ | (288,757 | ) |

|                                 |   | Three      Months Ended June 30, |      |   | Six      Months Ended June 30, |   |
|--------------------------------------|--------|----------------------------------|-----------|--------|--------------------------------|--------|
|                                 |   | 2009                             |      |   | 2008                           |   |   | 2009 |   |   | 2008 |   |
| Revenue                              |   | $                                | 1,077,416 |   |                           | $      | 700,228 |   |   | $ | 1,366,864 |   |   | $ | 700,228 |   |
| Gross      profit                    |   | $                                | 226,554   |   |                           | $      | 108,887 |   |   | $ | 290,006 |   |   | $ | 108,887 |   |
| Loss      from continuing operations |   | $                                | (46,903   | )      |                           | $      | (137,486 | ) |   | $ | (541,537 | ) |   | $ | (137,486 | ) |
| Net      loss                        |   | $                                | (46,903   | )      |                           | $      | (137,486 | ) |   | $ | (541,537 | ) |   | $ | (137,486 | ) |

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|                                                              |   | Three      Months Ended June 30, |       |   | Six      Months Ended June 30, |   |
|-------------------------------------------------------------------|--------|----------------------------------|------------|--------|--------------------------------|--------|
|                                                              |   | 2009                             |       |   | 2008                           |   |   | 2009 |   |   | 2008 |   |
| Net      (loss) income                                            |   | $                                | (1,578,060 | )      |                           | $      | (1,011,804 | ) |   | $ | (3,379,690 | ) |   | $ | 3,309,408 |   |
| Less:  Preferred      dividends                         |   |                             | (50,000    | )      |                           |   | (25,000 | ) |   |   | (100,000 | ) |   |   | (50,000 | ) |
| Net      (loss) income available to common shareholders           |   |                             | (1,628,060 | )      |                           |   | (1,036,804 | ) |   |   | (3,479,690 | ) |   |   | 3,259,408 |   |
| Weighted      average common shares outstanding                   |   |                             | 7,567,530  |   |                           |   | 7,567,530 |   |   |   | 7,567,530 |   |   |   | 7,567,530 |   |
| Incremental      shares from assumed exercise of dilutive options |   |                             | -          |   |                           |   | - |   |   |   | - |   |   |   | - |   |
| Diluted      weighted average common shares outstanding           |   |                             | 7,567,530  |   |                           |   | 7,567,530 |   |   |   | 7,567,530 |   |   |   | 7,567,530 |   |
| Basic      (loss) income per common share                         |   | $                                | (0.22      | )      |                           | $      | (0.14 | ) |   | $ | (0.46 | ) |   | $ | 0.43 |   |
| Diluted      (loss) income per common share                       |   | $                                | (0.22      | )      |                           | $      | (0.14 | ) |   | $ | (0.46 | ) |   | $ | 0.43 |   |

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| Options                             |   | Shares |    |   | Weighted-Average      Grant-DateFair Value |   |
|-------------------------------------|--------|--------|---------|--------|--------------------------------------------|--------|
| Outstanding      at January 1, 2009 |   |   | 606,000 |   |                                       | $      | 0.62 |   |
| Granted                             |   |   | -       |   |                                       |   | - |   |
| Vested                              |   |   | -       |   |                                       |   | - |   |
| Forfeited                           |   |   | 83,000  |   |                                       |   | - |   |
| Outstanding      at June 30, 2009   |   |   | 523,000 |   |                                       | $      | 0.60 |   |
| Exercisable      at June 30, 2009   |   |   | -       |   |                                       |   | - |   |

| Options                             |   | Shares |    |   | Weighted-Average      Exercise Price |   | Weighted-      Average Remaining Contractual Term |   | Aggregate      Intrinsic Value |   |
|-------------------------------------|--------|--------|---------|--------|--------------------------------------|--------|---------------------------------------------------|--------|--------------------------------|--------|
| Outstanding      at January 1, 2009 |   |   | 300,000 |   |                                 | $      | 2.23                                              |   |                           |   |   |   |
| Granted                             |   |   | -       |   |                                 |   | -                                                 |   |                           |   |   |   |
| Exercised                           |   |   | -       |   |                                 |   | -                                                 |   |                           |   |   |   |
| Forfeited      or expired           |   |   | -       |   |                                 |   | -                                                 |   |                           |   |   |   |
| Outstanding      at June 30, 2009   |   |   | 300,000 |   |                                 | $      | 2.23                                              |   | 2.2      years                 |   |   | - |   |
| Exercisable      at June 30, 2009   |   |   | 300,000 |   |                                 | $      | 2.23                                              |   | 2.2      years                 |   |   | - |   |

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|                                                |   | 2009   |    |   | 2008   |   |
|-----------------------------------------------------|--------|--------|---------|--------|--------|--------|
| Warranty      accrual balance January  1, |   | $      | 90,897  |   |   | $      | 132,165 |   |
| Provision      for warranty                         |   |   | 5,498   |   |   |   | 15,001 |   |
| Payments                                            |   |   | (18,102 | )      |   |   | (34,127 | ) |
| Warranty      accrual balance June 30,              |   | $      | 78,293  |   |   | $      | 113,039 |   |

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|                                  |   | Three      Months Ended June 30, 2009 |       |
|---------------------------------------|--------|---------------------------------------|------------|
|                                  |   | Real      Estate                      |       |   | Golf |   |   | Management |   |   | Corporate |   |   | Total |   |
| Revenue                               |   | $                                     | 1,519,801  |   |   | $ | 699,952 |   |   | $ | 652,897 |   |   | $ | - |   |   | $ | 2,872,650 |   |
| Costs      of revenue                 |   |                                  | (1,327,206 | ) |   |   | (752,761 | ) |   |   | (1,330,136 | ) |   |   | - |   |   |   | (3,410,103 | ) |
| Depreciation      and amortization    |   |                                  | (17,111    | ) |   |   | (34,510 | ) |   |   | (7,130 | ) |   |   | (101,644 | ) |   |   | (160,395 | ) |
| Operating      income (loss)          |   |                                  | 175,484    |   |   |   | (87,319 | ) |   |   | (684,369 | ) |   |   | (101,644 | ) |   |   | (697,848 | ) |
| General      and administrative       |   |                                  | -          |   |   |   | - |   |   |   | - |   |   |   | (261,589 | ) |   |   | (261,589 | ) |
| Other      income (expenses)          |   |                                  | -          |   |   |   | - |   |   |   | - |   |   |   | (594,656 | ) |   |   | (594,656 | ) |
| Federal      & state income taxes |   |                                  | (57,177    | ) |   |   | 30,764 |   |   |   | 252,299 |   |   |   | (249,853 | ) |   |   | (23,967 | ) |
| Net      income (loss)                |   | $                                     | 118,307    |   |   | $ | (56,555 | ) |   | $ | (432,070 | ) |   | $ | (1,207,742 | ) |   | $ | (1,578,060 | ) |
|                                  |   |                                  |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Long-lived      assets                |   | $                                     | 16,531,646 |   |   | $ | 1,628,938 |   |   | $ | 6,505,358 |   |   | $ | 18,768,137 |   |   | $ | 43,434,079 |   |
| Other      assets                     |   |                                  | 288,723    |   |   |   | 271,439 |   |   |   | 634,433 |   |   |   | 18,642 |   |   |   | 1,213,237 |   |
| Total      assets                     |   | $                                     | 16,820,369 |   |   | $ | 1,900,377 |   |   | $ | 7,139,791 |   |   | $ | 18,786,779 |   |   | $ | 44,647,316 |   |
|                                  |   |
|                                  |   | Three      Months Ended June 30, 2008 |       |
|                                  |   | Real      Estate                      |       |   | Golf |   |   | Management |   |   | Corporate |   |   | Total |   |
| Revenue                               |   | $                                     | 1,953,178  |   |   | $ | 591,004 |   |   | $ | 1,086,815 |   |   | $ | - |   |   | $ | 3,630,997 |   |
| Costs      of revenue                 |   |                                  | (1,985,905 | ) |   |   | (737,148 | ) |   |   | (1,525,849 | ) |   |   | - |   |   |   | (4,248,902 | ) |
| Depreciation      and amortization    |   |                                  | (9,605     | ) |   |   | (30,406 | ) |   |   | (7,174 | ) |   |   | (101,644 | ) |   |   | (148,829 | ) |
| Operating      income (loss)          |   |                                  | (42,332    | ) |   |   | (176,550 | ) |   |   | (446,208 | ) |   |   | (101,644 | ) |   |   | (766,734 | ) |
| General      and administrative       |   |                                  | -          |   |   |   | - |   |   |   | - |   |   |   | (481,843 | ) |   |   | (481,843 | ) |
| Other      income (expenses)          |   |                                  | -          |   |   |   | - |   |   |   | - |   |   |   | 246,620 |   |   |   | 246,620 |   |
| Federal      & state income taxes |   |                                  | 20,741     |   |   |   | 60,599 |   |   |   | 169,016 |   |   |   | (218,721 | ) |   |   | (9,847 | ) |
| Net      income (loss)                |   | $                                     | (63,073    | ) |   | $ | (115,951 | ) |   | $ | (277,192 | ) |   | $ | (555,588 | ) |   | $ | (1,011,804 | ) |
|                                  |   |                                  |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Long-lived      assets                |   | $                                     | 16,389,640 |   |   | $ | 1,026,203 |   |   | $ | 6,551,454 |   |   | $ | 13,864,922 |   |   | $ | 37,832,219 |   |
| Other      assets                     |   |                                  | 765,806    |   |   |   | 368,313 |   |   |   | 1,749,715 |   |   |   | 752,083 |   |   |   | 3,635,916 |   |
| Total      assets                     |   | $                                     | 17,155,446 |   |   | $ | 1,394,515 |   |   | $ | 8,301,169 |   |   | $ | 14,617,005 |   |   | $ | 41,468,135 |   |

|                                  |   | Six      Months Ended June 30, 2009 |       |
|---------------------------------------|--------|-------------------------------------|------------|
|                                  |   | Real      Estate                    |       |   | Golf |   |   | Management |   |   | Corporate |   |   | Total |   |
| Revenue                               |   | $                                   | 1,969,280  |   |   | $ | 1,324,875 |   |   | $ | 1,554,324 |   |   | $ | - |   |   | $ | 4,848,479 |   |
| Costs      of revenue                 |   |                                | (1,946,167 | ) |   |   | (1,360,237 | ) |   |   | (2,905,679 | ) |   |   | - |   |   |   | (6,212,083 | ) |
| Depreciation      and amortization    |   |                                | (32,642    | ) |   |   | (70,596 | ) |   |   | (14,261 | ) |   |   | (203,287 | ) |   |   | (320,786 | ) |
| Operating      income (loss)          |   |                                | (9,529     | ) |   |   | (105,958 | ) |   |   | (1,365,616 | ) |   |   | (203,287 | ) |   |   | (1,684,390 | ) |
| General      and administrative       |   |                                | -          |   |   |   | - |   |   |   | - |   |   |   | (521,965 | ) |   |   | (521,965 | ) |
| Other      income (expenses)          |   |                                | -          |   |   |   | - |   |   |   | - |   |   |   | (1,143,668 | ) |   |   | (1,143,668 | ) |
| Federal      & state income taxes |   |                                | 3,315      |   |   |   | 36,858 |   |   |   | 475,041 |   |   |   | (544,881 | ) |   |   | (29,667 | ) |
| Net      income (loss)                |   | $                                   | (6,214     | ) |   | $ | (69,100 | ) |   | $ | (890,575 | ) |   | $ | (2,413,801 | ) |   | $ | (3,379,690 | ) |
|                                  |   |                                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                  |   | Six      Months Ended June 30, 2008 |       |
|                                  |   | Real      Estate                    |       |   | Golf |   |   | Management |   |   | Corporate |   |   | Total |   |
| Revenue                               |   | $                                   | 3,765,324  |   |   | $ | 1,214,132 |   |   | $ | 2,593,862 |   |   | $ | - |   |   | $ | 7,573,318 |   |
| Costs      of revenue                 |   |                                | (3,692,344 | ) |   |   | (1,312,505 | ) |   |   | (2,977,574 | ) |   |   | - |   |   |   | (7,982,423 | ) |
| Depreciation      and amortization    |   |                                | (17,244    | ) |   |   | (61,105 | ) |   |   | (51,519 | ) |   |   | (203,287 | ) |   |   | (333,155 | ) |
| Operating      income (loss)          |   |                                | 55,736     |   |   |   | (159,478 | ) |   |   | (435,231 | ) |   |   | (203,287 | ) |   |   | (742,260 | ) |
| General      and administrative       |   |                                | -          |   |   |   | - |   |   |   | - |   |   |   | (1,071,645 | ) |   |   | (1,071,645 | ) |
| Other      income (expenses)          |   |                                | -          |   |   |   | - |   |   |   | - |   |   |   | 5,406,592 |   |   |   | 5,406,592 |   |
| Federal      & state income taxes |   |                                | (20,824    | ) |   |   | 59,583 |   |   |   | 162,609 |   |   |   | (484,647 | ) |   |   | (283,279 | ) |
| Net      income (loss)                |   | $                                   | 34,912     |   |   | $ | (99,895 | ) |   | $ | (272,622 | ) |   | $ | 3,647,013 |   |   | $ | 3,309,408 |   |
|                                  |   |                                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

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Item2.

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|                                      |   |      |   |   | Three      Months Ended June 30, |   |     | Six      Months Ended June 30, |   |
|-------------------------------------------|--------|-----------|--------|--------|----------------------------------|--------|----------|--------------------------------|--------|
|                                      |   | Ownership |   |   | 2009                             |   |     | 2008                           |   |   | 2009 |   |   | 2008 |   |
| Landmark      Developments of Spain, S.L. |   |      | 50%    |   |                             | $      | (23,259  | )                              |   | $ | 45,964 |   |   | $ | (30,475 | ) |   | $ | (144,379 | ) |
| Apes      Hill Development SRL            |   |      | 33%    |   |                             |   | (249,642 | )                              |   |   | 334,116 |   |   |   | (639,546 | ) |   |   | 5,826,940 |   |
| Presidential      Golf Club, LLC          |   |      | 7.45%  |   |                             |   | (130,792 | )                         |   |   | - |   |   |   | (130,792 | ) |   |   | - |   |
|                                      |   |      |   |   |                             | $      | (403,693 | )                              |   | $ | 380,080 |   |   | $ | (800,813 | ) |   | $ | 5,682,561 |   |

Item3.

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Item4.

Item1. 

Items 1A through 5

Item6. 

|   | 10.1* | Third      Amended and Restated Loan Agreement between Apes Hill Development SRL and      BNB Finance & Trust Corporation, et. al., executed December,      2007 |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.2* | Amendment      to Loan Agreement between South Padre Island Development, LLC (formerly      known as South Padre Island Development, L.P.) and Compass Bank (formerly      known as Texas State Bank) effective May 1,  2009. |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.3* | Extension      of Real Estate Note and Lien between South Padre Island Development, LLC      and Compass Bank effective as of May 1, 2009 (Original Loan Amount of      $4,000,000) |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.4* | Extension      of Real Estate Note and Lien between South Padre Island Development, LLC      and Compass Bank effective as of May 1, 2009 (Original Loan Amount of      $1,507,000) |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.5* | Promissory      Note from DPMG, Inc. to Newco XXV, Inc in the amount of $400,000.00 dated      March 30, 2009 |
|--------|-------|---------------------------------------------------------------------------------------------------------------|

|   | 10.6* | Promissory      Note from DPMG, Inc. to Newco XXV, Inc in the amount of $200,000.00 dated      February 26, 2009 |
|--------|-------|------------------------------------------------------------------------------------------------------------------|

|   | 10.7* | Promissory      Note from DPMG, Inc. to Newco XXV, Inc in the amount of $200,000.00 dated      February 17, 2009 |
|--------|-------|------------------------------------------------------------------------------------------------------------------|

|   | 10.8* | Promissory      Note from DPMG, Inc. to Newco XXV, Inc in the amount of $200,000.00 dated      February 3, 2009 |
|--------|-------|-----------------------------------------------------------------------------------------------------------------|

|   | 10.9* | Promissory      Note from DPMG, Inc. to Newco XXV, Inc in the amount of $200,000.00 dated      December 12, 2008 |
|--------|-------|------------------------------------------------------------------------------------------------------------------|

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|   | 10.10* | Real      Estate Lien Note from South Padre Island Development, LLC to International      Bank of Commerce dated August 29, 2007 in the sum of      $4,500,000.00 |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.11* | Extension      and/or Modification Agreement between South Padre Island Development,      LLC  and International Bank of Commerce dated January 17, 2008      (Outstanding Principal Balance of$4,536,848.94) |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.12* | Evidence      of Indebtedness effective October 1, 2004 from South Padre Island      Development, LLC (“Maker”) to Newco XXV, Inc. (“New Payee) in the      principal amount of $558,475.32 |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.13* | Evidence      of Indebtedness effective August 31, 2003 from Delos Partners, Inc., a      wholly-owned subsidiary of DPMG, Inc. to Newco XXV, Inc. in the principal      amount of $333,599.47 |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.14* | Adjustable      Rate Note dated February 6, 2002 in the sum of $100,000.00 from KES, Inc.      (“Maker”) to John David Davenport(“Payee”) |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.15* | Adjustable      Rate Note dated September 11, 2001 in the sum of $100,000.00 from KES,      Inc. (“Maker”) to John David Davenport(“Payee”) |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.16* | Adjustable      Rate Note dated May 11, 2001 in the sum of $100,000.00 from KES, Inc.      (“Maker”) to John David Davenport(“Payee”) |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.17* | Promissory      Note dated December 16, 2002 in the sum of $600,000.00 from DPMG, Inc.      (“Maker”) to GRG Corp. (“Payee”) |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.18* | Promissory      Note from DPMG, Inc. to Newco XXV, Inc in the amount of $110,000.00 dated      June 26, 2009 |
|--------|--------|--------------------------------------------------------------------------------------------------------------|

|   | 10.19* | Promissory      Note dated January 11, 2007 from DPMG, Inc. to Key Equipment Finance Inc.,      in the amount of $3,900,000.00 |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------|

|   | 31.1* | Certification      of the Chief Executive Officer filed pursuant to Section 302 of the      Sarbanes-Oxley Act of 2004 |
|--------|-------|------------------------------------------------------------------------------------------------------------------------|

|   | 31.2* | Certification      of the Chief Financial Officer filed pursuant to Section 302 of the      Sarbanes-Oxley Act of 2004 |
|--------|-------|------------------------------------------------------------------------------------------------------------------------|

|   | 32.1* | Certification      of the Chief Executive Officer filed pursuant to 18 U.S.C. Section 1350,      as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of      2004 |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 32.2* | Certification      of the Chief Financial Officer filed pursuant to 18 U.S.C. Section 1350,      as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of      2004 |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | __________________________ |
|--------|----------------------------|

|   | *      Filed herewith |
|--------|-----------------------|

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SIGNATURES

| LANDMARK      LAND COMPANY, INC.          |
|-------------------------------------------|
|                                      |
|                                      |
|                                      |
| /s/ Gerald G. Barton                      |
| Gerald      G. Barton                     |
| Chairman      and Chief Executive Officer |
| August      13, 2009                      |

| LANDMARK      LAND COMPANY, INC.                       |
|--------------------------------------------------------|
|                                                   |
|                                                   |
|                                                   |
| /s/ Joe V. Olree                                       |
| Joe      V. Olree                                      |
| Senior      Vice President and Chief Financial Officer |
| August      13, 2009                                   |

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EXHIBIT INDEX

| 10.1*  | Third      Amended and Restated Loan Agreement between Apes Hill Development SRL and      BNB Finance & Trust Corporation, et. al., executed December,      2007                                                        |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                        |
| 10.2*  | Amendment      to Loan Agreement between South Padre Island Development, LLC (formerly      known as South Padre Island Development, L.P.) and Compass Bank (formerly      known as Texas State Bank) effective May 1, 2009 |
|   |                                                                                                                                                                                                                        |
| 10.3*  | Extension      of Real Estate Note and Lien between South Padre Island Development, LLC      and Compass Bank effective as of May 1, 2009 (Original Loan Amount of      $4,000,000)                                         |
|   |                                                                                                                                                                                                                        |
| 10.4*  | Extension      of Real Estate Note and Lien between South Padre Island Development, LLC      and Compass Bank effective as of May 1, 2009 (Original Loan Amount of      $1,507,000)                                         |
|   |                                                                                                                                                                                                                        |
| 10.5*  | Promissory      Note from DPMG, Inc. to Newco XXV, Inc in the amount of $400,000.00 dated      March 30, 2009                                                                                                               |
|   |                                                                                                                                                                                                                        |
| 10.6*  | Promissory      Note from DPMG, Inc. to Newco XXV, Inc in the amount of $200,000.00 dated      February 26, 2009                                                                                                            |
|   |                                                                                                                                                                                                                        |
| 10.7*  | Promissory      Note from DPMG, Inc. to Newco XXV, Inc in the amount of $200,000.00 dated      February 17, 2009                                                                                                            |
|   |                                                                                                                                                                                                                        |
| 10.8*  | Promissory      Note from DPMG, Inc. to Newco XXV, Inc in the amount of $200,000.00 dated      February 3, 2009                                                                                                             |
|   |                                                                                                                                                                                                                        |
| 10.9*  | Promissory      Note from DPMG, Inc. to Newco XXV, Inc in the amount of $200,000.00 dated      December 12, 2008                                                                                                            |
|   |                                                                                                                                                                                                                        |
| 10.10* | Real      Estate Lien Note from South Padre Island Development, LLC to International      Bank of Commerce dated August 29, 2007 in the sum of      $4,500,000.00                                                           |
|   |                                                                                                                                                                                                                        |
| 10.11* | Extension      and/or Modification Agreement between South Padre Island Development,      LLC  and International Bank of Commerce dated January 17, 2008      (Outstanding Principal Balance of $4,536,848.94)    |
|   |                                                                                                                                                                                                                        |
| 10.12* | Evidence      of Indebtedness effective October 1, 2004 from South Padre Island      Development, LLC (“Maker”) to Newco XXV, Inc. (“New Payee) in the      principal amount of $558,475.32               |
|   |                                                                                                                                                                                                                        |
| 10.13* | Evidence      of Indebtedness effective August 31, 2003 from Delos Partners, Inc., a      wholly-owned subsidiary of DPMG, Inc. to Newco XXV, Inc. in the principal      amount of $333,599.47                              |
|   |                                                                                                                                                                                                                        |
| 10.14* | Adjustable      Rate Note dated February 6, 2002 in the sum of $100,000.00 from KES, Inc.      (“Maker”) to John David Davenport (“Payee”)                                                          |
|   |                                                                                                                                                                                                                        |
| 10.15* | Adjustable      Rate Note dated September 11, 2001 in the sum of $100,000.00 from KES,      Inc. (“Maker”) to John David Davenport (“Payee”)                                                        |
|   |                                                                                                                                                                                                                        |
| 10.16* | Adjustable      Rate Note dated May 11, 2001 in the sum of $100,000.00 from KES, Inc.      (“Maker”) to John David Davenport (“Payee”)                                                              |
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| 10.17* | Promissory      Note dated December 16, 2002 in the sum of $600,000.00 from DPMG, Inc.      (“Maker”) to GRG Corp. (“Payee”)                                                                        |
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| 10.18* | Promissory      Note from DPMG, Inc. to Newco XXV, Inc in the amount of $110,000.00 dated      June 26, 2009                                                                                                                |
|   |                                                                                                                                                                                                                        |
| 10.19* | Promissory      Note dated January 11, 2007 from DPMG, Inc. to Key Equipment Finance Inc.,      in the amount of $3,900,000.00                                                                                              |
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| 31.1*  | Certification      of the Chief Executive Officer filed pursuant to Section 302 of the      Sarbanes-Oxley Act of 2004                                                                                                      |
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| 31.2*  | Certification      of the Chief Financial Officer filed pursuant to Section 302 of the      Sarbanes-Oxley Act of 2004                                                                                                      |
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| 32.1*  | Certification      of the Chief Executive Officer filed pursuant to 18 U.S.C. Section 1350,      as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of      2004                                                  |
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| 32.2*  | Certification      of the Chief Financial Officer filed pursuant to 18 U.S.C. Section 1350,      as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of      2004                                                  |