TIME AND EXPENSE RECORD FROM DIVERSIFIED TO GRANVILLE-SMITH AS ATTACHED TO THE MEMORANDUM DATED JANUARY 6, 1997 (ON DIVERSIFIED LETTERHEAD) Administrative Offices Diversified Corporate Consulting Group, L.L.C. A Delaware Limited Liability Company Business Consultants & Advisors January 6, 1997 Equity Growth Systems, Inc. Ted Granville-Smith 3821 B Tamiami Trail, Suite 201 Port Charlotte, FL 33952 Time and Expense Record Dates: December 1, 1996 - December 31, 1996 Principal Provider's Name: William A. Calvo, III SUMMARY OF EXPENSES Client Date Time/Cat/Mat/Exp Comments Granville 12/02 0.5/SEC-Corp/Infotec Reviewed 10-OSB from Edgar, sent critique to GM, along with notification of intent to commence interpleader action. Granville 12/03 0.5/SEC-Corp/Infotec Sent files to GLG for interpleader action. Monitoring commencement of interpleader action. Granville 12/04 0.3/SEC-Corp/Infotec Monitoring GLG interpleader action. Granville 12/05 0.1/SEC-Corp/Infotec Monitoring GLG interpleader action. Granville 12/06 1.5/SEC-Corp/Infotec Monitoring GLG interpleader action. T/Empire Securities.Prepared letter to Empire re:Problems and withdrawl of 15c2-11. Granville 12/11 1.0/SEC-Corp/Infotec Discussed Empire response w/JDR and GLG. Drafted and sent letter to Empire with copies to Moffitt, JDR, RDB, and GLG. Granville 12/12 0.1/SEC-Corp/Infotec Monitoring GLG interpleader action. Granville 12/16 0.1/SEC-Corp/Infotec Monitor GLG litigation. Granville 12/17 0.1/SEC-Corp/Infotec Monitor GLG litigation. Granville 12/18 0.1/SEC-Corp/Infotec Monitor GLG litigation. BILLING SUMMARY Total New Billing (4.3 hours x $250.) = $ 1,075.00 Total Old Billing = $106,283.68 Total Collections (hours x $65.) = $ Total Paralegal Billing (hours x $55.) = $ Total Secretarial & Clerical (.7 hrs x $35.) = $ 24.50 Total Phone, Fax, & Postage = $ 9.47 Payments on Account = $ .00 Total Now Due = $107,392.65 Please make your check payable to William A. Calvo, III, and address it to William A. Calvo, III, c/o The Calvo Family, 1941 Southeast 51st Terrace, Ocala, Florida 34471. With best personal regards, we are Very truly yours, Vanessa II. Mitchem, Paralegal