On July 8, 2011, the Company borrowed an additional $500,000 under the Credit Facility, as amended and executed a revolving unsecured promissory note (the "July 2011 Promissory Note") in such amount in favor of the KFLP. The July 2011 Promissory Note matures on July 30, 2012 (see Note 7).

On July 12, 2011, the Company entered into a short-tem note payable for $77,751 bearing interest at 4.75% to finance a portion of the directors and officers' liability insurance. Principal and interest payments on this note begin August 24, 2011 and are made evenly based on a straight line amortization over a 11-month period with the final payment due on June 24, 2012.

On August 1, 2011, the Company borrowed an additional $1,000,000 under the Credit Facility, as amended and executed a revolving unsecured promissory note (the "August 2011 Promissory Note") in such amount in favor of the KFLP. The August 2011 Promissory Note matures on July 30, 2012 (see Note 7).