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<td style="width: 7%; text-align: right"></td><td style="width: 7%">(b)</td><td style="text-align: justify; width: 86%"><u>Bank Credit Facility</u></td>
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<td style="text-align: right">&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td></tr>
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<td style="text-align: right">&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">On November 23, 2011, the Company
entered into a Loan and Security Agreement with TD Bank, N.A. (the “Bank”), pursuant to which it was provided with
a $4.0 million revolving credit facility (the “Credit Facility”). Borrowings under the Credit Facility are secured
by substantially all of Company’s assets, including $500,000 of cash collateral that was deposited in a blocked account maintained
with the Bank, and have been guaranteed by the Company’s subsidiaries.</td></tr>
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<td style="text-align: right">&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td></tr>
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<td style="text-align: right">&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">Pursuant to the Loan Agreement, among other things:&nbsp;</td></tr>
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<td></td><td>(b)</td><td><u>Bank Credit Facility</u></td>
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<td> </td><td> </td><td> </td></tr>
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<td> </td><td> </td><td>On November 23, 2011, the Company
entered into a Loan and Security Agreement with TD Bank, N.A. (the “Bank”), pursuant to which it was provided with
a $4.0 million revolving credit facility (the “Credit Facility”). Borrowings under the Credit Facility are secured
by substantially all of Company’s assets, including $500,000 of cash collateral that was deposited in a blocked account maintained
with the Bank, and have been guaranteed by the Company’s subsidiaries.</td></tr>
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<td> </td><td> </td><td> </td></tr>
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<td> </td><td> </td><td>Pursuant to the Loan Agreement, among other things: </td></tr>
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