7. Related Party Transactions
The Managing Partner of AVP is Timothy
Neher, a director of the Company and the only officer of the Company prior to February 27, 2011. From inception through March 31,
2012, the Company paid $4,185 cash to AVP and accrued $94,295 for expenses due to AVP. See Note 4 for a description of the stock
transactions involving AVP. See Note 8 for a description of commitments to AVP.
The President and majority stockholder
of Virolab Mexico is Ricardo Rosales, a director of the Company and also an officer from February 27, 2011 through June 30, 2012.
Dr. Rosales was the principal inventor of the technology licensed by the Company on February 27, 2011. Dr. Rosales is the only
stockholder of Virolab Nevada LLC, the licensor of the technology, which acquired all rights to the technology directly from Virolab
Mexico. See Note 4 for a description of the stock transaction involving Virolab Mexico. See Note 6 for a description of the license
agreement with Virolab Nevada. Also see Note 8 for a description of commitments to Virolab Nevada under the license agreement.