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&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;On June 25, 2013, Victory sold 10,000,000
shares of the common stock at $.25 per share. Victory raised a total of $2,500,000 as part of this financing, $200,000 of which
was allocated at the closing for the retirement of the $200,000 debenture note payable. Victory also incurred approximately $300,000
in direct offering costs related to the selling of 10,000,000 common shares. These offering costs were netted against the proceeds
received from the issuance.&lt;/p&gt;



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