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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">In October, 2008 the Company exercised its one-time option to terminate early its sublease for its principal office space in New York, New York, effective October 25, 2009, and paid a non-refundable cancellation fee of $342,182 to the landlord. The Company signed an amendment in December 2009 which reinstated the previously terminated sublease at an average annual rent of $1,203,000. Under the amendment, the sublease will terminate in June 2015.</font></div>
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<div><font>In October, 2008 the Company exercised its one-time option to terminate early its sublease for its principal office space in New York, New York, effective October 25, 2009, and paid a non-refundable cancellation fee of $342,182 to the landlord. The Company signed an amendment in December 2009 which reinstated the previously terminated sublease at an average annual rent of $1,203,000. Under the amendment, the sublease will terminate in June 2015.</font></div>
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