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The following is an excerpt from a SB-2/A SEC Filing, filed by ATHERON, INC. on 11/7/2006.

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Selling Shareholders

The selling shareholders named in this prospectus are offering all of the 900,000 shares of common stock offered through this prospectus. All of the shares were acquired from us by the selling shareholders in an offering that was exempt from registration pursuant to Regulation S of the Securities Act of 1933 and completed on May 31, 2006.

The following table provides information regarding the beneficial ownership of our common stock held by each of the selling shareholders as of August 31, 2006 including:

1. the number of shares owned by each prior to this offering;
2. the total number of shares that are to be offered by each;
3. the total number of shares that will be owned by each upon completion of the offering;
4. the percentage owned by each upon completion of the offering; and
5. the identity of the beneficial holder of any entity that owns the shares.

The named party beneficially owns and has sole voting and investment power over all shares or rights to the shares, unless otherwise shown in the table. The numbers in this table assume that none of the selling shareholders sells shares of common stock not being offered in this prospectus

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or purchases additional shares of common stock, and assumes that all shares offered are sold. The percentages are based on 2,150,000 shares of common stock outstanding on August 31, 2006.

                                               Total       Total
                                             Number of   Shares to
                                            Shares to be  be Owned   Percent
                                 Shares     Offered for     Upon    Owned Upon
                                  Owned        Selling   Completion Completion
          Name of Selling     Prior to this Shareholder   of this    of this
            Shareholder         Offering      Account     Offering   Offering
      Belen D. Leyesa
      32 Sto Nino Village,       30,000        30,000        0          0
      Bolbok Batangas City
      Philippines
      Carlo L Gutierrez
      Aboboto Street Calapan,    30,000        30,000        0          0
      Oriental Mindoro
      Philippines
      Catherine Dionisio
      1578 Mayhaligue Street     30,000        30,000        0          0
      Sta Cruz Manila
      Philippines
      Clint Asehan
      Block 12, Lot 6,
      Katherine Townhomes,       30,000        30,000        0          0
      Progressive 12, Molino
      Rd 3, Bacoor Cavite
      Philippines
      Dennis Gepiga Bermoy
      9301 Diamond Extension,
      Umali Subdivision, Los     30,000        30,000        0          0
      Baños, Laguna 4030
      Philippines
      Divinofiel Jaras
      928 Kundiman Street,       30,000        30,000        0          0
      Sampaloc, Manila 1008
      Philippines
      Dolores T Ramos
      Lot 7B, BLK 7, Emerald     30,000        30,000        0          0
      Street Montalban Rizal
      Philippines
      Eloisa Larman
      Tuyo, Balanga, Bataan      30,000        30,000        0          0
      Philippines
      Ernesto Mamalateo
      Capitangan, Abucay         30,000        30,000        0          0
      Bataan Philippines
      Felipe Aquino
      31 Lincoln St., SFDM,      30,000        30,000        0          0
      QC Philippines
      German T. Torres
      8567 E Ramos Street,       30,000        30,000        0          0
      Marikina City
      Philippines
      Grace Remolador
      47 Lot Blk 78, Golden      30,000        30,000        0          0
      City Subd, Sta Rosa
      Laguna Philippines

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Jaime R Lim
74 ML Quezon St. Tagig 30,000 30,000 0 0 City Philippines
Jessubel Herrero
115 Valhalla Street 30,000 30,000 0 0 Pasay Philippines
Joan De Guzman
47 Riverside Bulihan, 30,000 30,000 0 0 Malolos Bulacan
Philippines
Jocelyn Agno
8234 Constancia Street, 30,000 30,000 0 0 Makati City Philippines
Jose Gabriel Reyes
100 Lalakay Los Banos 30,000 30,000 0 0 Laguna 4030 Philippines
Kriska Dinglasan
246 Sitio Seekers, 30,000 30,000 0 0 Banaba West, Batangas
City Philippines
Leandrito Asuncion
2565 Alabastro Street, 30,000 30,000 0 0 San Andres Bukid Manila
Philippines
Liza Q. Castillo
2928 E A. Bautista 30,000 30,000 0 0 Street, Punta Sta. Ana
Manila Philippines
Lolita P Alindayu
Blk 78, Lot 47 Phase
II, Golden City, Sta. 30,000 30,000 0 0 Rosa, Laguna
Philippines
Nenet Macatangay
31 Lincoln St., SFDM, 30,000 30,000 0 0 QC Philippines
Racquel Carreos
2482-D, Crisolita
Street, San Andres 30,000 30,000 0 0 Bukid Manila
Philippines
Raul Edquila
3598 Durango Street 30,000 30,000 0 0 Palanan Makati City
Philippines
Wilfredo T. Ramos
#14 Callejon, Sulucan 30,000 30,000 0 0 Street, Malabon Metro
Manila Philippines
Willvenn Tracy Felipe
2649D Felix Huertas 30,000 30,000 0 0 Street, Sta. Cruz,
Manila Philippines
Zenaida Meriales
Tambubong, Tayuman, 30,000 30,000 0 0 Binangonan, Rizal
Philippines
Maila Mariano
2482-D, Crisolita
Street, San Andres 30,000 30,000 0 0 Bukid Manila
Philippines
Domiciana Perez
17-10th Ave. Murphy 30,000 30,000 0 0 Cubao QC Philippines

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Josephine M. Visayana 30,000 30,000 0 0 B15 L15 Bacoor Cavite Philippines

None of the selling shareholders;
(1) has had a material relationship with us other than as a shareholder at any time within the past three years or;

(2) has been one of our officers or directors.