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<td style="width: 0"></td><td style="width: 0.25in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal">d)</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal">The
                                         Company issued 1,200,000 shares of Class A common stock upon conversion of 60,000 shares
                                         of Class B common stock.</font></td></tr></tbody></table>
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<td></td><td><font>d)</font></td><td><font>The
                                         Company issued 1,200,000 shares of Class A common stock upon conversion of 60,000 shares
                                         of Class B common stock.</font></td></tr></tbody></table>