Securities and Exchange Commission v. Charis Johnson, LifeClicks, LLC, and 12Daily Pro

USDC, Central Dist. of CA, Case No. CV 06-01018-NM(PLAx)

This letter is being sent to you to provide information about this case. The Receiver and his counsel have prepared a Second Interim Report that may be viewed at www.tlennonfor12dailypro.com. In addition, previous letters sent by the Receiver, other documents filed with the Court, the Receiver's e-mail address and a list of Frequently Asked Questions are also posted on the website.

As communicated previously, the Receiver's goal is to propose an equitable distribution plan. This step, however, requires an understanding of the claims held by investors. The Receiver has just this month obtained information about the results of the chargeback process and its impact on the amount of the investors' potential claims. This is because the process for challenging chargebacks has certain mandatory time periods and those time periods necessarily had to run before a final result could be obtained. The Receiver will now focus on analyzing those results and launching a secure web portal to gather information from investors regarding their accounts. The same portal will likely be used to receive and process claims when the Court approves such a process. The Receiver will be providing the Court and all interested parties Reports such as the one referred to above on the status of the case as required and when otherwise appropriate. While queries to the Receiver by phone and e-mail will continue to receive a response, it is not the Receiver's practice to provide updates to individual investors because of the prohibitive costs associated with trying to communicate with thousands of investors on an individual basis. Please minimize these costs by checking the website and the FAQ before calling or e-mailing the Receiver. The Receiver realizes that this is an extremely frustrating situation for investors, but please understand that he is working as diligently as possible to reach a fair and equitable result. Please check the website for updates and further information including answers to Frequently Asked Questions.