<table>
<tbody><tr style="vertical-align: bottom">
    <td style="text-align: left">&nbsp;</td><td>&nbsp;</td>
    <td colspan="2" style="text-align: center; border-bottom: Black 1pt solid">Warrant Derivative</td><td style="border-bottom: Black 1pt solid">&nbsp;</td><td style="border-bottom: Black 1pt solid">&nbsp;</td>
    <td colspan="2" style="text-align: center; border-bottom: Black 1pt solid">Put Derivative</td><td style="border-bottom: Black 1pt solid">&nbsp;</td><td style="border-bottom: Black 1pt solid">&nbsp;</td>
    <td colspan="2" style="text-align: center; border-bottom: Black 1pt solid">Total</td><td>&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(234,249,232)">
    <td style="width: 46%; text-align: left">Balances at April 1, 2011</td><td style="width: 3%">&nbsp;</td>
    <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">2, 837,143</td><td style="width: 1%; text-align: left">&nbsp;</td><td style="width: 3%">&nbsp;</td>
    <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">5,272</td><td style="width: 1%; text-align: left">&nbsp;</td><td style="width: 3%">&nbsp;</td>
    <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">2,842,415</td><td style="width: 1%; text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left; padding-left: 10pt">Fair value adjustments</td><td>&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right">(156,993</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="border-bottom: Black 1pt solid">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right">(992</td><td style="border-bottom: Black 1pt solid; text-align: left">)</td><td style="border-bottom: Black 1pt solid">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right">(157,985</td><td style="text-align: left">)</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(234,249,232)">
    <td style="text-align: left">Balances at June 30, 2011</td><td>&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,680,150</td><td style="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">4,280</td><td style="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,684,430</td><td style="text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left">&nbsp;</td><td>&nbsp;</td>
    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>
    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>
    <td style="text-align: left">&nbsp;</td><td style="text-align: right">&nbsp;</td><td style="text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(234,249,232)">
    <td style="text-align: left">Balances at April 1, 2012</td><td>&nbsp;</td>
    <td style="text-align: left">$</td><td style="text-align: right">3,005,319</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>
    <td style="text-align: left">$</td><td style="text-align: right">—</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>
    <td style="text-align: left">$</td><td style="text-align: right">3,005,319</td><td style="text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left; padding-left: 10pt">Fair value adjustments</td><td>&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right">611,702</td><td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right">—</td><td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right">611,702</td><td style="text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(234,249,232)">
    <td style="text-align: left">Balances at June 30, 2012</td><td>&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">3,617,021</td><td style="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">—</td><td style="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</td><td style="border-bottom: Black 2.5pt double">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">3,617,021</td><td style="text-align: left">&nbsp;</td></tr>
</tbody></table>
<table>
<tbody><tr>
<td> </td><td> </td>
<td>Warrant Derivative</td><td> </td><td> </td>
<td>Put Derivative</td><td> </td><td> </td>
<td>Total</td><td> </td></tr>
<tr>
<td>Balances at April 1, 2011</td><td> </td>
<td>$</td><td>2, 837,143</td><td> </td><td> </td>
<td>$</td><td>5,272</td><td> </td><td> </td>
<td>$</td><td>2,842,415</td><td> </td></tr>
<tr>
<td>Fair value adjustments</td><td> </td>
<td> </td><td>(156,993</td><td>)</td><td> </td>
<td> </td><td>(992</td><td>)</td><td> </td>
<td> </td><td>(157,985</td><td>)</td></tr>
<tr>
<td>Balances at June 30, 2011</td><td> </td>
<td>$</td><td>2,680,150</td><td> </td><td> </td>
<td>$</td><td>4,280</td><td> </td><td> </td>
<td>$</td><td>2,684,430</td><td> </td></tr>
<tr>
<td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td></tr>
<tr>
<td>Balances at April 1, 2012</td><td> </td>
<td>$</td><td>3,005,319</td><td> </td><td> </td>
<td>$</td><td>—</td><td> </td><td> </td>
<td>$</td><td>3,005,319</td><td> </td></tr>
<tr>
<td>Fair value adjustments</td><td> </td>
<td> </td><td>611,702</td><td> </td><td> </td>
<td> </td><td>—</td><td> </td><td> </td>
<td> </td><td>611,702</td><td> </td></tr>
<tr>
<td>Balances at June 30, 2012</td><td> </td>
<td>$</td><td>3,617,021</td><td> </td><td> </td>
<td>$</td><td>—</td><td> </td><td> </td>
<td>$</td><td>3,617,021</td><td> </td></tr>
</tbody></table>