<table><tbody><tr style="vertical-align: top; text-align: justify">
<td style="width: 7%; text-align: right">&nbsp;</td><td style="width: 7%"></td><td style="text-align: justify; width: 86%">The fair values of the Company’s
Series D Preferred Stock have been determined based upon the forward cash flow of the contracts, discounted at credit-risk adjusted
market rates.</td>
</tr>     <tr style="vertical-align: top; text-align: justify">
<td style="text-align: right">&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top; text-align: justify">
<td style="text-align: right">&nbsp;</td><td>&nbsp;</td><td style="text-align: justify">Derivative financial instruments
– Derivative financial instruments, as defined in Financial Standards Board (“FASB”) Accounting Standards Codification
(“ASC”) 815 Derivatives and Hedging, consist of financial instruments or other contracts that contain a notional amount
and one or more underlying features (e.g. interest rate, security price or other variable), require no initial net investment and
permit net settlement. Derivative financial instruments may be free-standing or embedded in other financial instruments. Further,
derivative financial instruments are initially, and subsequently, measured at fair value and recorded as liabilities or, in rare
instances, assets.</td></tr>
</tbody></table>
<table><tbody><tr>
<td> </td><td></td><td>The fair values of the Company’s
Series D Preferred Stock have been determined based upon the forward cash flow of the contracts, discounted at credit-risk adjusted
market rates.</td>
</tr> <tr>
<td> </td><td> </td><td> </td></tr>
<tr>
<td> </td><td> </td><td>Derivative financial instruments
– Derivative financial instruments, as defined in Financial Standards Board (“FASB”) Accounting Standards Codification
(“ASC”) 815 Derivatives and Hedging, consist of financial instruments or other contracts that contain a notional amount
and one or more underlying features (e.g. interest rate, security price or other variable), require no initial net investment and
permit net settlement. Derivative financial instruments may be free-standing or embedded in other financial instruments. Further,
derivative financial instruments are initially, and subsequently, measured at fair value and recorded as liabilities or, in rare
instances, assets.</td></tr>
</tbody></table>