Redwood Scientific Technologies Inc (RSCI)

[sam1933]

These notes payable were issued at various interest rates and are due at various due dates through 2012. Notes
issued to Cole Gaskins & Hill and Craig Rhew was in exchange for intellectual property. The secured notes
payable were issued in connection with the acquisition of land.

The Company had two outstanding notes payable to an employee of the Company for a total of $490,000 plus
interest. The notes were cancelled on June 30, 2012 in return for property for which the notes were created