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<p align="justify"><font size="2">The Company has a one-time
  option to terminate early its sublease for its principal office space in New
  York, effective October 25, 2009.  To
  exercise this option, the Company would be required to notify the landlord in
  October 2008 and pay a non-refundable cancellation fee of $342,182 to the
  landlord at the time of such notification.
  The New York sublease also provides for an upwards adjustment in the
  lease payments, at the landlord’s option, effective November 1, 2009, to a
  rate equal to 90% of the then current market rate.  The Company’s current payments under the lease are below
  current market rates, and as a result the Company anticipates that these
  lease provisions will likely result in an upwards adjustment of its lease
  payment or the Company’s termination of the sublease and relocation of its
  New York offices.  The Company is
  unable to determine at this time what the adjusted lease payments would be
  following such adjustment.  The lease
  payments disclosed in the above schedule do not reflect the effect of the
  potential termination of the sublease or the lease adjustment described
  above.  </font></p>
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<p><font>The Company has a one-time
  option to terminate early its sublease for its principal office space in New
  York, effective October 25, 2009.  To
  exercise this option, the Company would be required to notify the landlord in
  October 2008 and pay a non-refundable cancellation fee of $342,182 to the
  landlord at the time of such notification.
  The New York sublease also provides for an upwards adjustment in the
  lease payments, at the landlord’s option, effective November 1, 2009, to a
  rate equal to 90% of the then current market rate.  The Company’s current payments under the lease are below
  current market rates, and as a result the Company anticipates that these
  lease provisions will likely result in an upwards adjustment of its lease
  payment or the Company’s termination of the sublease and relocation of its
  New York offices.  The Company is
  unable to determine at this time what the adjusted lease payments would be
  following such adjustment.  The lease
  payments disclosed in the above schedule do not reflect the effect of the
  potential termination of the sublease or the lease adjustment described
  above.  </font></p>
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