Cargo Connection Logistics Holding, Inc. – Plans of Reorganization, Merger, Acquisition or Similar Watch

from 8-K 1 page Investment Group Acquires Controling Interest in Championlyte Products, Inc. Former Chairman & CFO Resign as Initial Stage of Restructuring

from 8-K ~5 pages December 19, 2002 Championlyte Asset Acquisition, LLC 2999 Ne 191st Street, Penthouse 2 North Miami, Fl 33180 Re: Purchase of Series II Convertible Stock (The "Preferred Stock") of Championlyte Products, Inc. ("Championlyte") Gentlemen: You Have Previously Agreed to a Transaction (The “Preferred Stock Sale”) in Which U.S. Bancorp (“Usb”) Will Sell All of Its Shares of the Preferred Stock to Championlyte Asset Acquisition LLC (The “Purchaser”) for an Aggregate Purchase Price of $300,000. With Respect to the Preferred Stock Sale, and as a Condition of Its Consummation, Usb and Purchaser Agree as Follows: With 1. Representations and Warranties of the Purchasers. in Connection With the Sale and Transfer of the Shares of Preferred Stock, the Purchaser Represents and Warrants to Usb That Such Purchaser