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HELIO, INC. and HELIO LLC

COMBINED STATEMENTS OF STOCKHOLDERS’ AND PARTNERS’ EQUITY

(In thousands, except share/unit data)

The accompanying notes are an integral part of these combined financial statements.

5

Total

Convertible Preferred

Class B

Class A

Stockholders

’

Membership Units

Common Stock

Common Stock

Additional

Accumulated

and Partners

’

Units

Amount

Shares

Amount

Shares

Amount

Paid

-

in Capital

Deficit

Equity

Balance, Inception (January 27, 2005)

—

$

—

—

$

—

—

$

—

$

—

$

—

$

—

Issuance of Convertible Preferred

Membership Units to the Partners in

exchange for $440,000 funding

commitment of cash and contributed

assets (see Note 10)

100,000,000

244,000

—

—

—

—

—

—

244,000

Issuance of Class B Common Stock to the

Partners in March 2005

—

—

2

—

—

—

—

—

—

Warrant issued in 2005 to a Partner to

purchase 1,995,000 shares of the

Company’s Class A Common Stock at

$1.71 per share

—

—

—

—

—

—

43

—

43

Supplemental compensation paid on behalf

of certain employees by a Partner

—

—

—

—

—

—

1,621

—

1,621

Net loss

—

—

—

—

—

—

—

(

42,023

)

(42,023

)

Balance at December 31, 2005

100,000,000

$

244,000

2

$

—

—

$

—

$

1,664

$

(42,023

)

$

203,641

Funding received from the Partners under

original $440,000 capital commitment

(see Note 10)

—

157,000

—

—

—

—

—

—

157,000

Exercise of employee stock options during

2006

—

—

—

—

7,500

—

13

—

13

Stock expense pertaining to vested portion of

a warrant issued in 2005 to a Partner to

purchase 1,995,000 shares of the

Company’s Class A Common Stock at

$1.71 per share

—

—

—

—

—

—

623

—

623

Employee stock compensation expense

—

—

—

—

—

—

1,372

—

1,372

Supplemental compensation paid on behalf

of certain employees by a Partner

—

—

—

—

—

—

1,213

—

1,213

Issuance of 650,000 shares of Class A

Common Stock to a Partner in 2006

valued at $1.71 per share

—

—

—

—

650,000

7

1,105

—

1,112

Warrant issued to a Partner in 2006 to

purchase 65,000 shares of the Company’

s

Class A Common Stock at $1.71 per

share

—

—

—

—

—

—

5

—

5

Issuance of 4,680,400 shares of Series A

Common Stock at $1.71 per share

—

—

—

—

4,680,400

47

7,957

—

8,004

Net loss

—

—

—

—

—

—

—

(

191,755

)

(191,755

)

Balance at December 31, 2006

100,000,000

$

401,000

2

$

—

5,337,900

$

54

$

13,952

$

(233,778

)

$

181,228