<table><tbody><tr style="vertical-align: top">
<td style="width: 1in"></td><td style="width: 0.25in"><font style="font-family: Symbol">·</font></td><td style="text-align: justify"><font style="font-family: Times New Roman, Times, Serif">We are required to comply with a number
of affirmative, negative and financial covenants. Among other things, these covenants restrict our ability to pay dividends, provide
that our debt service coverage ratio (as determined pursuant to the Loan Agreement) cannot be less than 1.25 to 1.0 as of the end
of any fiscal year, and require that we have immediately available cash at all times, including borrowings under the Credit Facility,
of at least $3 million. We were in compliance with these covenants at June 30, 2012.</font></td></tr></tbody></table>
<table><tbody><tr>
<td></td><td><font>·</font></td><td><font>We are required to comply with a number
of affirmative, negative and financial covenants. Among other things, these covenants restrict our ability to pay dividends, provide
that our debt service coverage ratio (as determined pursuant to the Loan Agreement) cannot be less than 1.25 to 1.0 as of the end
of any fiscal year, and require that we have immediately available cash at all times, including borrowings under the Credit Facility,
of at least $3 million. We were in compliance with these covenants at June 30, 2012.</font></td></tr></tbody></table>