On June 27, 2012, the Company
entered into a bridge loan agreement with D-Helix Inc. (D-Helix), whereby the Company has agreed to lend $75,000
to D-Helix. This loan is evidenced by a promissory note pursuant to which the principal amount will be due and payable on the earlier
of September 30, 2012 or within ten business days of the closing of a potential share exchange agreement between the Company and
D-Helix. The loan will bear interest at the rate of 10% per annum, payable in quarterly installments from September 30, 2012.