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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1223533	Tremont Fair Inc.	TMTF	Real Estate (6500)	980380519

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1454009	Cumbria Capital Lp	10497 Town &Amp; Country Ln Houston TX 77024		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Series A Preferred Stock	Disposition	2011-04-19	100,000	$3.50	0	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2011-04-15	70,798,500	$0.02	46,666,667	No	4	S	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote

Footnotes

On April 19, 2011, Cumbria Capital, L.P. ("Cumbria"), the controlling shareholder of Tremont Fair, Inc. (the "Company") sold 100,000 shares of Series A Preferred Stock of the Company (the "Preferred Stock") to Sierra Vista Holdings, Inc., a Florida corporation owned and controlled by Mark Klok. Although the Preferred Stock carries no dividend distribution, or liquidation rights, and is not convertible into common stock, each share of Preferred Stock carries 10,000 votes per share and is entitled to vote with the Company's common stockholders on all matters upon which common stockholders may vote. Consequently, Mr. Klok holds a controlling beneficial interest in the Company and may unilaterally determine the election of the Board and other substantive matters requiring approval of the Company's stockholders.
On April 15, 2011, a majority of disinterested members of the board of directors (the "Board") of Tremont Fair, Inc. approved the redemption of 70,798,500 shares of common stock held by Cumbria in exchange for a convertible promissory note in the original principal amount of $700,000, and 100,000 shares of Preferred Stock.