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VG Life Sciences, Inc. Secures Two-Year Funding Commitment and Administrative Support from MedBridge, LLC
Date:3/22/2013

nces will be repaid in shares issued at the fixed price of the average of the 20 days prior to execution of the agreement.  Fees for administrative services, which the companies value currently at $20,000 per month, will be repaid in shares issued at a 10% discount to the average stock price during the quarter in which the services are provided.  The companies plan to review and potentially adjust the value of the administrative services quarterly.  MedBridge will also receive one warrant for every share issued under these terms, to be exercised at the fixed share price mentioned above (without the discount).  Warrants will expire 18 months after their issuance.

MedBridge has agreed that shares issued under these terms may not be sold for two years from the date of issuance, with the exception of the shares representing the $50,000 already issued.  Shares issued in relation to the warrants are also subject to the lockup.

Mr. Keledjian concluded, "We believe these terms are quite favorable given the magnitude of the opportunity afforded by these funds and services.  With confidence and support from MedBridge, we look forward to advancing our programs and to positioning VG Life Sciences for significant value inflection."

David Odell
As President & CEO of MedBridge, David leads the finance and partnership management function.  In addition, he is Executive Vice President and Chief Financial Officer of TynanGroup, Inc.  He has successfully managed TynanGroup's double-digit growth, leading to the firm's recognition by Inc. magazine, as one of the fastest growing companies in America.  Prior to TynanGroup, Mr. Odell was with a private accounting firm serving a broad spectrum of planning, audit and tax clients.

John Tynan
As president of TynanGroup, Inc., Mr. Tynan has developed a full-service consulting firm with offic
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SOURCE VG Life Sciences, Inc.
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