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</LabelSeparator><Level>2</Level><ElementName>us-gaap_ShortTermDebtTextBlock</ElementName><ElementPrefix>us-gaap_</ElementPrefix><IsBaseElement>true</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="From2013-01-01to2013-06-30" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;One June 21 and June 27, 2013, the Company
entered into Note Purchase Agreements (the &amp;#147;NPA&amp;#148;) with investors for the sale and issuance of promissory notes in the
principal amount of $150,000 and $50,000, respectively (the &amp;#147;Notes&amp;#148;).&lt;/p&gt;

&lt;p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;The Notes bear interest at the rate
of 10% per annum, and mature six months from the date of issuance.&amp;#160;&amp;#160;The Notes contain customary default provisions and
provide that 110% of principal amount of the Notes shall be exchanged by the investor into securities offered in a subsequent financing
consummated by the Company prior to the maturity date of the Notes.&lt;/p&gt;

&lt;p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"&gt;As of June 30, 2013, the Company has accrued approximately
$400 in interest on the Notes and incurred approximately $15,000 in costs related to issuing the Notes.&amp;#160;&amp;#160;These costs
are included in interest and other expense in the accompanying condensed consolidated statements of operations for the three and
six months ended June 30, 2013.&lt;/p&gt;

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