Exhibit 10.63


 


STEM CELL CAYMAN LTD.


 


MARCH 26, 2013


 


PROMISSORY NOTE


DUE JULY 31, 2014


 


STEM CELL CAYMAN LTD.,
a Cayman Islands corporation (the “Company”), for value received, hereby promises to pay to WESTBURY (BERMUDA) LTD.
or order (the “Holder”) on July 31, 2014 (the “Maturity Date’) at the offices of the Company, c/o Campbells,
4th Floor, Scotia Centre, Albert Panton Street, George Town, Grand Cayman, Cayman Islands, the principal sum of FOUR
HUNDRED FIFTY THOUSAND ($450,000) DOLLARS, without interest.


 


1.           Registered
Owner. The Company may consider and treat the person in whose name this Note shall be registered as the absolute owner
thereof for all purposes whatsoever (whether or not this Note shall be overdue) and the Company shall not be affected by any notice
to the contrary. Subject to the provisions hereof, the registered owner of this Note shall have the right to transfer it by assignment
and the transferee thereof, upon its registration as owner of this Note, shall become vested with all the powers and rights of
the transferor. Registration of any new owner shall take place upon presentation of this Note to the Company at its offices together
with the Note Assignment Form attached hereto duly executed. In case of transfers by operation of law, the transferee shall notify
the Company of such transfer and of its address, and shall submit appropriate evidence regarding the transfer so that this Note
may be registered in the name of the transferee. This Note is transferable only on the books of the Company by the Holder on the
surrender hereof, duly endorsed. Communications sent to any registered owner shall be effective as against all holders or transferees
of this Note not registered at the time of sending the communication.


 


2.           Events
of Default. If the Company shall (i) admit in writing its inability to pay its debts generally as they mature; (ii) make
a general assignment for the benefit of creditors; (iii) be adjudicated a bankrupt or insolvent; (iv) file a voluntary petition
in bankruptcy or a petition or an answer seeking an arrangement with creditors; (v) take advantage of any bankruptcy, insolvency
or readjustment of debt law or statute or file an answer admitting the material allegations of a petition filed against it in any
proceeding under any such law; (vi) apply for or consent to the appointment of a receiver, trustee or liquidator for all or substantially
all of its assets; or (vii) have an involuntary case commenced against it under any bankruptcy law, which case is not dismissed
or stayed within sixty (60) days (each an “Event of Default”), then, at any time thereafter and unless such Event of
Default shall have been cured or shall have been waived in writing by the Holder, the Holder may, by written notice to the Company,
declare the entire unpaid principal amount of this Note then outstanding to be forthwith due and payable, whereupon the same shall
become forthwith due and payable.


 




    	 



    	 



    

 


3.           Applicable
Law. This Note is issued under and shall for all purposes be governed by and construed in accordance with the laws of the
Cayman Islands, excluding choice of law rules thereof.


 


4.           Notices.
Any notice required or permitted to be given pursuant to this Note shall be deemed to have been duly given when delivered by hand
or sent by certified or registered mail, return receipt requested and postage prepaid, overnight mail or telecopier as follows:


 


If to the Holder:


 


Victoria Hall


11 Victoria Street


PO Box HM 1065


Hamilton HM EX


Bermuda


 


If to the Company:


 


c/o Campbells


4th Floor,
Scotia Centre


Albert Panton Street


George Town, Grand Cayman


Cayman Islands


Attn: John Wolf


Facsimile No.: (345)
949-8613


 


With a copy to


 


c/o Campbells


4th Floor,
Scotia Centre


Albert Panton Street


George Town, Grand Cayman


Cayman Islands


Attn: John Wolf


Facsimile No.: (345)
949-8613


 


or at such other address as the Holder
or the Company shall designate by notice to the other given in accordance with this Section 4.


 


5.           Miscellaneous.
This Note evidences the entire obligation of the Company with respect to the repayment of the principal amount hereof and the
other matters provided for herein. No provision of this Note may be modified except by an instrument in writing signed by the
Company and the Holder. Payment of principal due upon maturity shall be made to the registered Holder of this Note on or after
the Maturity Date contemporaneous with and upon presentation of this Note for payment. No interest shall be due on this Note for
such period of time that may elapse between the Maturity Date and its presentation for payment. 


 




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IN WITNESS WHEREOF,
the Company has caused this Note to be signed on its behalf, in its corporate name, by its duly authorized officer, all as of the
day and year first above written.


 


	 	STEM CELL CAYMAN LTD.
	 	 	 
	 	By:	 


 




    	 



    	 



    

 


STEM CELL CAYMAN LTD.


 


PROMISSORY NOTE


 


DUE JULY 31, 2014


 


NOTE ASSIGNMENT FORM 


 


FOR VALUE RECEIVED 


 











The undersigned _____________________________
(please print or typewrite name of assignor) hereby sells, assigns and transfers unto ________________________________________________________________ (please print
or typewrite name, address and social security or taxpayer identification number, if any, of assignee) the within Promissory Note
of Stem Cell Cayman Ltd., dated March 26, 2013, in the original principal amount of $450,000 and hereby authorizes the Company
to transfer this Note on its books.


 







	If the Holder is an individual:	 	 	 
	 	 	 	 
	 	 	 
	Name(s) of Holder	 	Name of Holder
	 	 	 	 
	 	 	By:	 
	Signature of Holder	 	Signature of Authorized Representative
	 	 	 	 
	 	 	 
	Signature, if jointly held	 	Name and Title of Authorized
	 	 	Representative
	 	 	 	 
	 	 	 
	Date	 	Date


 


	 	 	 
	 	(Signature(s) guaranteed)