----

|   | A. | The      Borrower agrees to establish on its books a separate account for this      Loan. This account shall be maintained, and is subject to review and audit      by Lender, as long as the Loan obligation remains    unsatisfied. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | B. | The      Borrower further agrees to maintain records that accurately and fully show      the date, amount, purpose, and payee of all expenditures drawn on said      account for three (3) years after the date Lender determines this Loan is      repaid in full. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | C. | The      Borrower further agrees to allow Lender, or its designated      representatives, on written request, to have reasonable access to, and the      right of inspection of, all books and records that pertain to the Loan      account. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A. | In      the event of any default or breach of this Agreement by the Borrower,      Lender, without limiting any of its other legal rights or remedies, may      accelerate the Loan and declare any remaining unpaid principal balance,      along with accrued interest and late fees, immediately due and payable, as      provided in the Promissory Note evidencing this  Loan. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | B. | In      the event of any default or breach of this Agreement by the Borrower,      Lender shall have priority right above any secured or unsecured creditor      to declare any remaining unpaid principal balance, along with accrued      interest and late fees, immediately due and payable, as provided in the      Promissory Note evidencing thisLoan. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A. | Indemnification      by Borrower |
|--------|----|----------------------------------|

|   | The      Borrower agrees to indemnify, defend, and save harmless Lender and its      officers, agents, and employees from any and all claims, losses, or costs      (including reasonable attorney fees) arising out of, resulting from, or in      any way connected with the Loan or this Agreement, or the financing or the      operation of the business financed with the  Loan. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | B. | Independent      Capacity |
|--------|----|---------------------------|

|   | D. | Assignment |
|--------|----|------------|

|   | Without      the written consent of Lender, this Agreement is not assignable or      transferable by Borrower either in whole or in part. Lender may assign its      rights under this Agreement for security purposes, and in such event the      assignee of this Agreement shall be      entitled to enforce the provisions hereof and shall be a third party      beneficiary of this Agreement. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | E. | Amendment |
|--------|----|-----------|

|   | No      amendment or variation of the terms of this Agreement shall be valid      unless made in writing and signed by the parties hereto, and no oral      understanding or agreement not incorporated herein shall be binding on any      of the parties hereto. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | G. | Severability |
|--------|----|--------------|

|   | In      the event that any provision of this Agreement is unenforceable or held to      be unenforceable, then the parties agree that all other provisions of this      Agreement continue to have force and effect and shall not be affected      thereby. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | H. | Governing      Law and Venue |
|--------|----|------------------------------|

|   | This      Agreement is governed by and shall be interpreted in accordance with the      laws of the State of California. Venue shall be in Los Angeles County. In      any contest arising under the Loan Documents, Lender and the Borrower      agree to waive a trial by jury. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | I. | Borrower      Authorization |
|--------|----|-----------------------------|

|   | The      Borrower certifies that it has full power and authority to enter into this      Agreement and this Agreement has been duly authorized, executed and      delivered by the Borrower. The Borrower acknowledges that the resolution      of its governing body or other official      action authorizing it to enter into this Agreement also authorizes      such further acts as are necessary, including execution of the Promissory      Note as well as Security Agreement, if any, to implement and further the      intent of this Agreement. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Lender                  |   | Borrower              |
|-------------------------|--------|-----------------------|
|                    |   |                  |
| /s/      Jack Qin       |   | /s/      Jen-Ho Chiao |
| Jack      Qin           |   | Jen-Ho      Chiao,    |
| Executive      Director |   | Chairman              |

----

| 1. | For      value received, the undersigned, (hereinafter referred to as the      “Borrower”), promises to pay to the order of the EFT BioTech Holdings,      Inc. (hereinafter referred to as  “Lender”), at its principal      place of business at 929 Radecki Court, City of Industry, California      91748, or at such other place as Lender may designate, the principal sum      of US Two Million Dollars (US$2,000,000) or such lesser amount as shall      equal the aggregate amount disbursed to the Borrower by Lender pursuant to      the Agreement between the Borrower and Lender, together with interest      thereon at the rate of twelve and half percent (12.5%) percent per annum      on the unpaid principal balance, computed from the date of each      disbursement to the Borrower, until the Loan is repaid by the Borrower.      Principal, together with interest thereon, is due and payable at the end      of the loan terms, until said principal and interest shall be paid in      full. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | The      Borrower may prepay this Promissory Note in full or in part, without      penalty. Any partial prepayment will not excuse any later scheduled      payments until the Loan is paid in full. Prepayments shall be applied      first to the payment of any outstanding late fees, then to interest and      then to principal installments. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | On      the occurrence of any event of default, as defined in paragraph 4 of this      Promissory Note, Lender, at its sole election, may take any or all of the      following actions: |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | A. | Declare      all or any portion of the principal balance, along with accrued interest      and late fees, under this Promissory Note to be immediately due and      payable and may proceed to enforce this Promissory Note, upon the      expiration of not less than thirty (30) days after the date written notice      of Lender’s decision to accelerate is sent to Borrower. All amounts due      after acceleration shall bear interest at the rate of ten percent (12.5%)      per annum. Lender may exercise this option to accelerate during any      default by Borrower regardless of any prior  forbearance. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | B. | Require      Borrower to take any and all action necessary, as security for the loan,      to provide the Vessel as collateral under duly executed security documents      and agrees to be bound by the terms contained therein to Lender as the      Secured Party. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | C. | Exercise      all of its rights and remedies enumerated herein, which rights are in      addition to and not in limitation of any other rights Lender may have      under the Agreement and applicablelaw. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | Each      of the following events and conditions shall constitute an event of      default under this Promissory Note and the  Agreements: |
|----|--------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | A. | Failure      of the Borrower to repay any principal, accrued interest, and late fees,      if applicable, when due under the terms of this Promissory      Note. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | B. | Failure      of the Borrower to comply with, and satisfy, all the terms, conditions,      and obligations, required by the Loan Agreement as a condition for this      Loan. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | C. | Termination      of the Loan Agreement pursuant to the terms thereof or breach by the      Borrower of any terms or conditions of said Loan  Agreement. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | D. | Failure      of the Borrower to obtain and maintain insurance for the      vessel. |
|--------|----|------------------------------------------------------------------------------------|

|   | E. | Occurrence      of: (1) the Borrower becoming insolvent or bankrupt or being unable      or admitting in writing its inability to pay its debts as they mature or      making a general assignment for the benefit of or entering into any      composition or arrangement with creditors; (2) proceedings for the      appointment of a receiver, trustee, or liquidator of the assets of the      Borrower or a substantial part thereof, being authorized or instituted by      or against the Borrower; (3) proceedings under any bankruptcy,      reorganization, readjustment of debt, insolvency, dissolution, liquidation      or other similar law, or any jurisdiction being authorized or instituted      against the Borrower; or (4) the Borrower ceases operations, is dissolved,      or terminates its existence. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | F. | Discovery      of any false or misleading statement, warranty, representation, or fact,      whether or not contained in any other Loan Documents, that when made or      furnished to the Lender by or on behalf of the Borrower was relied upon      by  Lender and induced it to extend the Loan to      Borrower. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5. | No      delay or failure of Lender in the exercise of any right or remedy      hereunder or under any other agreement which secures or is related hereto      shall affect any such right or remedy, and no single or partial exercise      of any such right or remedy shall preclude any further exercise thereof,      and no action taken or omitted by Lender shall be deemed a waiver of any      such right or remedy. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | Any      notice required to be given to the Borrower hereunder shall be sent to the      address shown on the Loan Agreement, or at such other address as the      Borrower shall designate in writing to Lender. Notice to either party may      be given using the following delivery methods: U.S. Mail, overnight mail,      or personal delivery, providing evidence of receipt, to the respective      parties identified in this Agreement. Delivery by fax or e-mail is not      considered notice for the purposes of this Promissory  Note. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7. | Borrower      agrees to pay all costs and expenses, including reasonable attorney fees,      which may be incurred by Lender in the enforcement and defense of the Loan      Agreement, including such costs and expenses incurred in any      appeal. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 8. | This      Promissory Note shall be binding upon the Borrower and its permitted      successors and assigns and upon Lender and its permitted successors and      assigns. Without the written consent of Lender, this Promissory Note is      not assignable or transferable by Borrower either in whole or in part.      Lender may assign its rights under this Promissory Note for security      purposes, and in such event the assignee of this Promissory Note shall be entitled to enforce the      provisions hereof and shall be a third party beneficiary of this      Promissory Note. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9. | This      Promissory Note shall be construed and enforced in accordance with the      laws of the State of California. |
|----|------------------------------------------------------------------------------------------------------------------------|

| Excalibur International Marine      Corporation |
|-------------------------------------------------|
| Borrower                                        |
|                                            |
| Jen-Ho Chiao                                    |
| Name      of Authorized Representative          |
|                                            |
| /s/ Jen-Ho Chiao                                |
| Authorized      Signature                       |
|                                            |
| Chairman                                        |
| Title                                           |
|                                            |
| May      25, 2009                               |
| Date                                            |

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