Birch Branch, Inc. (Birch Branch) is a corporation which was formed under the laws of the State of Colorado on September 28, 1989. The Articles of Incorporation of the Company authorized it to issue 500,000,000 shares of common stock with no par value per share and 50,000,000 shares of preferred stock with no par value per share.

Birch Branch was a wholly-owned subsidiary of Pride Holdings, Inc. (Pride Holdings). Pride Holdings is a wholly-owned subsidiary of Pride, Inc. (PRIDE). Pride, Inc. was a wholly-owned subsidiary of Prime Rate Income & Dividend Enterprises, Inc. (PIDV). On November 12, 2002, the directors of PIDV approved, subject to the effectiveness of a registration...