<SEC-DOCUMENT>0001144204-15-056449.txt : 20150925
<SEC-HEADER>0001144204-15-056449.hdr.sgml : 20150925
<ACCEPTANCE-DATETIME>20150925090025
ACCESSION NUMBER:		0001144204-15-056449
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20151106
FILED AS OF DATE:		20150925
DATE AS OF CHANGE:		20150925
EFFECTIVENESS DATE:		20150925

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Research Solutions, Inc.
		CENTRAL INDEX KEY:			0001386301
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-53501
		FILM NUMBER:		151124048

	BUSINESS ADDRESS:	
		STREET 1:		5435 BALBOA BLVD
		STREET 2:		SUITE 202
		CITY:			ENCINO
		STATE:			CA
		ZIP:			91316
		BUSINESS PHONE:		310 477 0354

	MAIL ADDRESS:	
		STREET 1:		5435 BALBOA BLVD
		STREET 2:		SUITE 202
		CITY:			ENCINO
		STATE:			CA
		ZIP:			91316

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Derycz Scientific Inc
		DATE OF NAME CHANGE:	20070112
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>v420676_def14a.htm
<DESCRIPTION>DEFINITIVE PROXY STATEMENT
<TEXT>
<HTML>
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<P STYLE="margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE 14A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Proxy Statement Pursuant to Section 14(a)
of the Securities</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt"><font style="font-size: 10pt">Filed by the registrant <font style="font-family: Wingdings">&thorn;</font></font></td>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt"><font style="font-size: 10pt">Filed by a Party other than the Registrant <font style="font-family: Wingdings">o</font></font></td></tr>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">Check the appropriate box:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</TD></TR>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr>
    <td style="width: 9%">&nbsp;</td>
    <td style="vertical-align: top; width: 5%"><font style="font: 10pt Wingdings">o</font></td>
    <td style="vertical-align: top; width: 45%"><font style="font-size: 10pt">Preliminary Proxy Statement</font></td>
    <td style="vertical-align: top; width: 5%"><font style="font: 10pt Wingdings">o</font></td>
    <td style="vertical-align: top; width: 36%"><font style="font-size: 10pt">Confidential, For Use</font></td></tr>
<tr>
    <td>&nbsp;</td>
    <td style="vertical-align: top"><font style="font: 10pt Wingdings">&thorn;</font></td>
    <td style="vertical-align: top"><font style="font-size: 10pt">Definitive Proxy Statement</font></td>
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: top"><font style="font-size: 10pt">of the Commission Only</font></td></tr>
<tr>
    <td>&nbsp;</td>
    <td style="vertical-align: top"><font style="font: 10pt Wingdings">o</font></td>
    <td style="vertical-align: top"><font style="font-size: 10pt">Definitive Additional Materials</font></td>
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: top"><font style="font-size: 10pt">(as permitted by Rule</font></td></tr>
<tr>
    <td>&nbsp;</td>
    <td style="vertical-align: top"><font style="font: 10pt Wingdings">o</font></td>
    <td style="vertical-align: top"><font style="font-size: 10pt">Soliciting Material under Rule 14a-12</font></td>
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: top"><font style="font-size: 10pt">14a-6(e)(2))</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RESEARCH SOLUTIONS, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">(Name of Registrant
as Specified in Its Charter)</FONT>&nbsp;</P>



<HR SIZE="1" NOSHADE ALIGN="CENTER" STYLE="width: 100%; color: black">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Name of Person(s) Filing Proxy Statement,
if Other Than the Registrant)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Payment of Filing Fee (Check the appropriate box):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
    <td style="width: 5%"><font style="font: 10pt Wingdings">&thorn;</font></td>
    <td style="width: 95%"><font style="font-size: 10pt">No Fee Required</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td><font style="font: 10pt Wingdings">o</font></td>
    <td><font style="font-size: 10pt">Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
    <td style="width: 4%">&nbsp;</td>
    <td style="width: 5%"><font style="font-size: 10pt">(1) </font></td>
    <td style="width: 91%"><FONT STYLE="font-size: 10pt">Title of each class of securities to which transaction applies:</FONT></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">(2) </font></td>
    <td><FONT STYLE="font-size: 10pt">Aggregate number of securities to which transaction applies:</FONT></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">(3)</font></td>
    <td><FONT STYLE="font-size: 10pt">Per unit price or other underlying value of transaction computed pursuant to Exchange Act
Rule 0-11:<U></U></FONT></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">(4)</font></td>
    <td><FONT STYLE="font-size: 10pt">Proposed maximum aggregate value of transaction:</FONT></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">(5)</font></td>
    <td><FONT STYLE="font-size: 10pt">Total fee paid:</FONT></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
    <td style="width: 4%"><font style="font: 10pt Wingdings">o</font></td>
    <td style="width: 96%"><font style="font-size: 10pt">Fee paid previously with preliminary materials:</font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td>&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td><font style="font: 10pt Wingdings">o</font></td>
    <td><font style="font-size: 10pt">Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing.</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: bottom">
    <td style="width: 4%">&nbsp;</td>
    <td style="width: 5%"><font style="font-size: 10pt">(1)</font></td>
    <td style="width: 91%"><FONT STYLE="font-size: 10pt">Amount previously paid:</FONT></td></tr>
<tr style="vertical-align: bottom">
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">(2)</font></td>
    <td><FONT STYLE="font-size: 10pt">Form, Schedule or Registration Statement no.:</FONT></td></tr>
<tr style="vertical-align: bottom">
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">(3)</font></td>
    <td><FONT STYLE="font-size: 10pt">Filing party:</FONT></td></tr>
<tr style="vertical-align: bottom">
    <td>&nbsp;</td>
    <td><font style="font-size: 10pt">(4)</font></td>
    <td><FONT STYLE="font-size: 10pt">Date filed:</FONT></td></tr>
</table>






<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RESEARCH SOLUTIONS, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">5435 Balboa Boulevard, Suite 202</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Encino, CA 91316</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(310) 477-0354</P>

<HR SIZE="2" NOSHADE ALIGN="CENTER" STYLE="width: 15%; color: black">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NOTICE OF ANNUAL MEETING OF STOCKHOLDERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>To Be Held On November 6, 2015</B></P>

<HR SIZE="2" NOSHADE ALIGN="CENTER" STYLE="width: 15%; color: black">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>TO THE STOCKHOLDERS OF RESEARCH SOLUTIONS, INC.:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">You are cordially invited to attend the
Annual Meeting of Stockholders of Research Solutions, Inc., a Nevada corporation (the &ldquo;Company&rdquo;), to be held on November
6, 2015, at 11:00 A.M. Pacific time, at our corporate headquarters, located at 5435 Balboa Boulevard, Suite 202, Encino, California
91316.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">At the Annual Meeting, stockholders will
be asked to consider and act upon the following matters:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">1.</TD><TD STYLE="text-align: justify">To elect five members of the Board of Directors;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">2.</TD><TD>To ratify the appointment of Weinberg &amp; Company, P.A. as the Company&rsquo;s independent accountants for the fiscal year
ending June 30, 2016;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">3.</TD><TD>To hold an advisory vote on executive compensation; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">4.</TD><TD>To transact other business properly presented at the meeting or any postponement or adjournment thereof.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our Board of Directors has fixed September
18, 2015 as the record date for the determination of stockholders entitled to notice and to vote at the Annual Meeting and any
postponement or adjournment thereof, and only stockholders of record at the close of business on that date are entitled to notice
and to vote at the Annual Meeting. A list of stockholders entitled to vote at the Annual Meeting will be available at the Annual
Meeting and at the offices of the Company for 10 days prior to the Annual Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We hope that you will use this opportunity
to take an active part in the affairs of the Company by voting on the business to come before the Annual Meeting, either by executing
and returning the enclosed Proxy Card or by casting your vote in person at the Annual Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>IT IS IMPORTANT THAT YOUR SHARES BE
REPRESENTED AT THE ANNUAL MEETING REGARDLESS OF THE NUMBER OF SHARES YOU HOLD. YOU ARE INVITED TO ATTEND THE ANNUAL MEETING IN
PERSON, BUT WHETHER OR NOT YOU PLAN TO ATTEND, PLEASE COMPLETE, DATE, SIGN AND RETURN THE ACCOMPANYING PROXY CARD IN THE ENCLOSED
ENVELOPE. IF YOU DO ATTEND THE ANNUAL MEETING, YOU MAY, IF YOU PREFER, REVOKE YOUR PROXY AND VOTE YOUR SHARES IN PERSON.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white">
<tr style="vertical-align: top">
    <td style="width: 46%"><font style="font-size: 10pt">September 25, 2015</font></td>
    <td style="width: 5%">&nbsp;</td>
    <td style="width: 5%">&nbsp;</td>
    <td style="width: 44%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">By Order of the<b>&nbsp;</b>Board of Directors</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></td></tr>
<tr>
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: top">&nbsp;</td>
    <td style="vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">John Regazzi</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Chairman of the Board</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></td></tr>
</table>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RESEARCH SOLUTIONS, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PROXY STATEMENT FOR ANNUAL MEETING OF
STOCKHOLDERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TO BE HELD NOVEMBER 6, 2015</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


<HR SIZE="2" NOSHADE ALIGN="CENTER" STYLE="width: 15%; color: black">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>INTRODUCTION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This Proxy Statement is furnished in connection
with the solicitation of proxies by the Board of Directors of Research Solutions, Inc., a Nevada corporation (we, us or our), for
use at the annual meeting of stockholders to be held on November 6, 2015, at 11:00 A.M. Pacific Time, or the Annual Meeting, at
our corporate headquarters, located at 5435 Balboa Boulevard, Suite 202, Encino, California 91316. Accompanying this Proxy Statement
is our Board of Directors&rsquo; Proxy for the Annual Meeting, which you may use to indicate your vote as to the proposals described
in this Proxy Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We will bear the expense of this solicitation
of proxies. Solicitations will be made only by use of the mail except that, if deemed desirable, officers and regular employees
of our company may solicit proxies by telephone, electronic mail or personal calls. We may also engage a proxy solicitation firm
on terms and at costs reasonably acceptable to our Board of Directors. Brokerage houses, custodians, nominees and fiduciaries will
be requested to forward the proxy soliciting material to the beneficial owners of the stock held of record by those persons and
we will reimburse them for their reasonable expenses incurred in this regard.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The purpose of the Annual Meeting and the
matters to be acted upon are set forth in the attached Notice of Annual Meeting of Stockholders. As of the date of this Proxy Statement,
our Board of Directors knows of no other business that may be presented for consideration at the Annual Meeting. All proxies which
are properly completed, signed and returned to us prior to the Annual Meeting and which have not been revoked will be voted in
favor of the proposals described in this Proxy Statement unless otherwise directed. A stockholder may revoke its proxy at any time
before it is voted either by filing with our Secretary, at our principal executive offices, a written notice of revocation or a
duly executed proxy bearing a later date, or by attending the Annual Meeting and expressing a desire to vote its shares in person,
provided that if a stockholder holds its shares in street name, such stockholder may vote its shares in person at the Annual Meeting
only if it obtains a proxy, executed in its favor, from the record holder. If any other business properly comes before the Annual
Meeting, votes will be cast pursuant to those proxies in respect of any other business in accordance with the judgment of the persons
acting under those proxies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our principal executive offices are located
at 5435 Balboa Boulevard, Suite 202, Encino, California 91316. It is anticipated that the mailing to stockholders of this Proxy
Statement and the enclosed proxy will commence on or about October 2, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>OUTSTANDING SECURITIES AND VOTING RIGHTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The close of business on September 18, 2015,
has been fixed as the record date for the determination of stockholders entitled to notice and to vote at the Annual Meeting or
any postponement or adjournment thereof. As of the record date, we had outstanding 18,394,125 shares of common stock, par value
$0.001 per share. Our common stock is our only outstanding voting security. As of the record date, we had 36 holders of record
of our common stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A holder of common stock is entitled to
cast one vote for each share held on the record date on all matters to be considered at the Annual Meeting. The nominees for director
who receive a plurality of the votes cast by the holders of our common stock, in person or by proxy at the meeting, will be elected.
Approval of the proposal to ratify the appointment of Weinberg &amp; Company, P.A., as our independent accountants for the fiscal
year ending June 30, 2016, and approval of the advisory vote on the resolution approving the compensation of our executives as
disclosed in the compensation tables and related narrative disclosure herein, requires the favorable vote of a majority of shares
voted at the Annual Meeting or by proxy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A quorum, which is a majority of the outstanding
shares as of September 18, 2015, must be present to hold the Annual Meeting. A quorum is calculated based on the number of shares
represented by the stockholders attending in person and by their proxy holders. Abstentions and broker non-votes will be included
in the determination of shares present at the Annual Meeting for purposes of determining a quorum. Abstentions will be counted
toward the tabulation of votes cast on proposals submitted to stockholders and will have the same effect as negative votes, while
broker non-votes will not be counted as votes cast for or against these matters or deemed present or represented for determining
whether stockholders have approved a proposal. Broker non-votes occur when a broker holding customer securities in street name
has not received voting instructions from the customer on certain &ldquo;non-routine&rdquo; matters, such as director elections,
and, therefore, is barred by the rules of the applicable securities exchange from exercising discretionary authority to vote those
securities. Brokers may vote their clients&rsquo; shares on routine matters, such as the ratification of our independent registered
public accounting firm.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>Your vote is important.</B> If your shares
are registered in your name, you are a stockholder of record. If your shares are in the name of your broker or bank, your shares
are held in street name. We encourage you to vote by proxy so that your shares will be represented and voted at the Annual Meeting
even if you cannot attend. All stockholders can vote by written proxy card. Your submission of the enclosed proxy will not limit
your right to vote at the Annual Meeting if you later decide to attend in person. If you are a stockholder of record, you may revoke
your proxy at any time before the Annual Meeting either by filing with our Secretary, at our principal executive offices, a written
notice of revocation or a duly executed proxy bearing a later date, or by attending the Annual Meeting and expressing a desire
to vote your shares in person, provided that if your shares are held in street name, you must obtain a proxy, executed in your
favor, from the holder of record in order to be able to vote at the Annual Meeting. All shares entitled to vote and represented
by properly executed proxies received prior to the Annual Meeting, and not revoked, will be voted at the Annual Meeting in accordance
with the instructions indicated on those proxies. If no instructions are indicated on a properly executed proxy, the shares represented
by that proxy will be voted as recommended by our Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PROPOSAL NO. 1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ELECTION OF DIRECTORS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Proposal No. 1 is the election of five directors
to hold office for a period of one year or until their respective successors have been duly elected and qualified. Our Amended
and Restated Bylaws provide that the number of the directors of our company shall be not less than one nor more than nine, as fixed
from time-to-time by resolution of our Board of Directors. On September 18, 2015, our Board of Directors fixed the number of directors
at five effective as of the date of the Annual Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Unless otherwise instructed, the proxy holders
will vote the proxies received by them for the nominees named below. If any nominee is unwilling to serve as a director at the
time of the Annual Meeting, the proxies will be voted for such other nominee(s) as shall be designated by the then current Board
of Directors to fill any vacancy. We have no reason to believe that any nominee will be unable or unwilling to serve if elected
as a director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our Board of Directors proposes the election
of the following nominees as directors:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">John Regazzi</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Peter Victor Derycz</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">General Merrill McPeak</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Scott Ogilvie</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Janice Peterson</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If elected, the foregoing five nominees are expected to serve
until the 2016 annual meeting of stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>OUR BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS
YOU VOTE &ldquo;FOR&rdquo; THE ELECTION OF THE NOMINEES LISTED ABOVE.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The principal occupation and certain other
information about the nominees and certain executive officers are set forth on the following pages.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>CURRENT DIRECTORS/DIRECTOR NOMINEES</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following table sets forth the name,
age, position and date of appointment of each of our directors as of September 18, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td style="width: 24%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>Name</b></font></td>
    <td style="width: 6%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>Age</b></font></td>
    <td style="width: 52%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>Position</b></font></td>
    <td style="width: 18%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>Date of Appointment</b></font></td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">John Regazzi<sup>(1)</sup></font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">67</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">Chairman of the Board</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">June 22, 2015</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">Peter Victor Derycz</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">53</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">Director, Chief Executive Officer and President</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">January 6, 2006</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">Paul Kessler<sup>(2)</sup></font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">54</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">Director</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">August 18, 2014</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">Gen. Merrill McPeak <sup>(3) (4)</sup></font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">79</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">Director</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">November 5, 2010</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">Scott Ogilvie <sup>(3) (5)</sup></font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">61</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">Director</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">November 5, 2010</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">Janice Peterson</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">67</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">Director, Chief Publisher Relations Officer</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">July 1, 2006</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt"><font style="font-size: 10pt">Gregory Suess <sup>(3) (6)</sup></font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">43</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">Director</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">November 5, 2010</font></td></tr>
</table>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>Mr. Regazzi will be appointed to the Audit Committee, Compensation Committee and Nominating and Governance Committee, and will
serve as the Chairman of the Nominating and Governance Committee, if elected at the Annual Meeting.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>Mr. Kessler will cease to be a director upon the expiration of his current term.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(3)</TD><TD>Member of Audit Committee, Compensation Committee and Nominating and Governance Committee.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(4)</TD><TD>Chairman of the Compensation Committee.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(5)</TD><TD>Chairman of the Audit Committee.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(6)</TD><TD>Chairman of the Nominating and Governance Committee. Mr. Suess will cease to be a director upon the expiration of his current
term.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>John Regazzi &ndash; Chairman of the Board</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Mr. Regazzi was appointed to our Board of
Directors on June 22, 2015 and was appointed Chairman of the Board effective August 20, 2015. Mr. Regazzi is an information services
and IT industry innovator, with more than four decades of experience. He is currently managing director of Akoya Capital Partners,
a sector-focused private investment firm, where for the last few years he has served as its professional information services sector
leader. He has also been a professor at the Long Island University&rsquo;s College of Education, Information and Technology since
2005, and has served as dean of LIU&rsquo;s College of Information and Computer Science. Before joining Akoya Capital Partners,
Mr. Regazzi served for several years as CEO of Elsevier Inc. and managing director of the NYSE-listed Reed Elsevier, the world&rsquo;s
largest publisher and information services company for journal and related scientific, technical and medical content. At Reed Elsevier,
he oversaw its expansive electronic publishing portfolio, with a program staff of 3,000 and revenues exceeding $1 billion. He was
previously CEO of Engineering Information, which he helped turnaround before being acquired by Reed Elsevier. As a recognized industry
thought leader, Mr. Regazzi has designed, launched, and managed some of the most innovative and well-known information services
in the professional communities, including the Engineering Village, Science Direct, Scirus and Scopus, as well as numerous other
electronic information services dating back to the early days of the online and CD-ROM industries. Mr. Regazzi has served on a
variety of corporate and industry boards, including the British Standards Institute Group and the American Institute of Physics,
and he recently was appointed and serves as chairman of the board of National Technical Information Service, a division of the
U.S. Department of Commerce. He currently serves as chairman of LawLogix Group and Inflexxion, both Akoya portfolio companies.
Mr. Regazzi earned his B.S. from St. Johns University, M.A. from University of Iowa, M.S. from Columbia University, and Ph.D. in
Information Science from Rutgers University. Our Board of Directors concluded that Mr. Regazzi should serve as a director in light
of his extensive experience in the information services industry.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Peter Victor Derycz &ndash; Director, Chief Executive
Officer and President</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Mr. Derycz founded Reprints Desk and has
served as its Chief Executive Officer and President since January 6, 2006. Mr. Derycz also served as Chairman of the Board from
January 6, 2006 through August 19, 2015. Mr. Derycz was a founder of Infotrieve, Inc. in 1989 and served as its President from
February 2003 until September 2003. He served as the Chief Executive Officer of Puerto Luperon, Ltd. (Bahamas), a real estate development
company, from January 2004 until December 2005. He currently serves on the Internation Advisory Board of the San Jose State University
School of Information, and served as a member of the board of directors of Insignia Systems, Inc. (NASDAQ:ISIG), a consumer products
advertising company from 2006 to 2014. Mr. Derycz received a B.A. in Psychology from the University of California at Los Angeles.
Our Board of Directors believes that Mr. Derycz&rsquo; familiarity with our day-to-day operations, his strategic vision for our
business and his past leadership and management experience make him uniquely qualified to serve as a director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Paul Kessler &ndash; Director</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Mr. Kessler, appointed to our Board of Directors
on August 18, 2014, combines over 25 years of experience as an investor, financier and venture capitalist. In 2000, Mr. Kessler
founded Bristol Capital Advisors, LLC, a Los Angeles based investment advisor (and owner of approximately 26% of our outstanding
shares of common stock), and has served as the Principal and Portfolio Manager from inception. Mr. Kessler has broad experience
in operating, financing, capital formation, negotiating, structuring and re-structuring investment transactions. He is involved
in all aspects of the investment process including identification and engagement of portfolio companies. His investment experience
encompasses both public and private companies. Mr. Kessler actively works with executives and boards of directors on corporate
governance and oversight, strategic repositioning and alignment of interests with stockholders. Our Board of Directors believes
that Mr. Kessler&rsquo;s extensive experience in matters including capital formation, corporate finance, investment banking, founder,
owner, operator of successful companies, corporate governance, as well as his understanding of capital markets, will provide a
significant contribution to our growth. Mr. Kessler also serves on the Board of Directors of Wizard World, Inc. (OTCBB:WIZD), and
previously served as a director of American Cumo Mining Corporation (a/k/a Mosquito Consolidated Gold Mines Ltd.) (CVE:MLY) from
October 2011 to July 24, 2012, and Lion Biotechnologies, Inc. (f/k/a Genesis Biopharma) (OTCBB:LBIO) from May 22, 2013 to September
3, 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>General Merrill McPeak &ndash; Director</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Gen. McPeak was appointed to our Board of
directors on November 5, 2010. He is President of McPeak and Associates, a company he founded in 1995. From 1990 until his retirement
from active military service in late-1994, he was chief of staff of the U.S. Air Force. During this period, he was the senior officer
responsible for organization, training and equipage of a combined active duty, National Guard, Reserve and civilian work force
of over 850,000 people serving at 1,300 locations in the United States and abroad. As a member of the Joint Chiefs of Staff, he
and the other service chiefs were military advisors to the Secretary of Defense and the President. Gen. McPeak has served on the
board of directors of several publicly traded companies, including long service with Trans World Airlines, Inc. and with the test
and measurement company, Tektronix, Inc. He was for many years Chairman of the Board of ECC International Corp., until that company
was acquired by Cubic Corporation. Currently, Gen. McPeak is a director of Aerojet Rocketdyne (NYSE: AJRD), Del Global Holdings
(OTC: DGTC.OB), Lilis Energy (NASDAQ: LLEX) and Lion Biotechnologies, Inc. (NASDAQ: LBIO). He is a director of Valence Surface
Technologies, the country&rsquo;s largest privately held provider of metal processing and finishing services. General McPeak was
a founding investor, director and chairman of Ethicspoint, Inc., a software-as-a-service provider of secure, confidential employee
reporting systems, that was acquired by private equity at a return making it one of Oregon&rsquo;s most successful business startups
in decades. Our Board of Directors concluded that Gen. McPeak should serve as a director in light of his demonstrated leadership
abilities and years of experience serving on the boards of directors of numerous publicly traded corporations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Scott Ogilvie &ndash; Director</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Mr. Ogilvie was appointed to our Board of
Directors on November 5, 2010. He is currently the President of AFIN International, Inc., a private equity/business advisory firm,
which he founded in 2006. Additionally, Mr. Ogilvie is Managing Director of Wirthlin Worldwide International, Wirthlin Worldwide
Investors, LLC and Wirthlin, a Dentons Innovation Group Partnership, LLC, private equity strategic advisory firms. From 2006 to
December 31, 2009, he was CEO of Gulf Enterprises International, Ltd, a strategic advisory company that brought strategic partners,
expertise and investment capital to the Middle East and North Africa. Mr. Ogilvie previously served as Chief Operating Officer
of CIC Group, Inc., an investment manager, a position he held from 2001 to 2007. He began his career as a corporate and securities
lawyer with Hill, Farrer &amp; Burrill, and has extensive public and private corporate management and board experience in finance,
real estate, and technology companies. Mr. Ogilvie currently serves on the board of directors of Neuralstem, Inc. (NYSE AMEX:CUR)
and Genspera, Inc. (OTCBB:GNSZ), and also served on the board of directors of Innovative Card Technologies, Inc. (OTCBB:INVC) and
Aly Energy Services, Inc. (f/k/a Preferred Voice, Inc.) (OTCBB:ALYE) during the past five years. Mr. Ogilvie received a BSBA-Finance
degree from the University of Denver (1976), and a Juris Doctor degree from the University of California, Hastings College of Law
(1979). In light of Mr. Ogilvie&rsquo;s financial and executive experience, including his experience having served as a director
and audit committee member of several public companies, our Board of Directors believes it to be in our best interests that Mr.
Ogilvie serve as a director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Janice Peterson &ndash; Director,
Chief Publisher Relations Officer</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Ms. Peterson has served as the Chief Publisher
Relations Officer and as a Director since July 1, 2006. She was Vice President for Content Development at Infotrieve, Inc. from
2000 to 2006 and Vice President for Publisher Relations and Content Development at RoweCom, formerly Faxon/Dawson, from 1997 to
2000. Ms. Peterson was at Academic Press (now Elsevier) for 14 years, where her last position was Fulfillment Director. Ms. Peterson
is Past Chair of the Board of Directors for the National Information Standards Organization (NISO), and she is the past chair of
the International Committee for EDI in Serials (ICEDIS). She has a degree in History from Whittier College and an M.A. in Asian
Studies from California State College, San Diego. She joined Reprints Desk in 2006. Our Board of Directors believes that Ms. Peterson
should serve as a director due to her extensive industry-specific knowledge and business experience, including a familiarity with
our day-to-day operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Gregory Suess &ndash; Director</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Mr. Suess was appointed to our Board of
Directors on November 5, 2010. He is a founding partner of ROAR, an entertainment and media focused management and consulting company
formed in 2000. Since 1997, Mr. Suess has practiced with the law firm of Glaser, Weil, Fink, Howard, Avchen &amp; Shapiro, LLP,
where he is currently a Partner and focuses on general corporate law, media and entertainment. Mr. Suess holds a Bachelor of Science
from the University of Southern California (Lloyd Greif Center for Entrepreneurial Studies), and holds a JD/MBA from Pepperdine
University. Mr. Suess serves on the Boards of Directors of Wizard World, Inc. (OTCBB:WIZD) and Camp Southern Ground, Inc. Our Board
of Directors believes that Mr. Suess is a valuable addition due to his business and educational background in management and finance,
including his experience as a director of other companies and as an owner and officer of multiple businesses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>OTHER EXECUTIVE OFFICERS</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following table sets forth the name,
age, position and date of appointment of each of our other executive officers as of September 18, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 22%; border-bottom: Black 1pt solid"><font style="font-size: 10pt"><b>Name</b></font></td>
    <TD STYLE="width: 6%; border-bottom: Black 1pt solid"><font style="font-size: 10pt"><b>Age</b></font></td>
    <TD STYLE="width: 51%; border-bottom: Black 1pt solid"><font style="font-size: 10pt"><b>Position</b></font></td>
    <TD STYLE="width: 21%; border-bottom: Black 1pt solid"><font style="font-size: 10pt"><b>Date of Appointment</b></font></td></tr>
<tr style="vertical-align: top">
    <TD><font style="font-size: 10pt">Alan Louis Urban</font></td>
    <TD><font style="font-size: 10pt">46</font></td>
    <TD><font style="font-size: 10pt">Chief Financial Officer and Secretary</font></td>
    <TD><font style="font-size: 10pt">November 3, 2011</font></td></tr>
<tr style="vertical-align: top">
    <TD><font style="font-size: 10pt">Scott Ahlberg</font></td>
    <TD><font style="font-size: 10pt">51</font></td>
    <TD><FONT STYLE="font-size: 10pt">Chief Operating Officer</FONT></td>
    <TD><font style="font-size: 10pt">July 1, 2007</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Alan Louis Urban &ndash; Chief Financial Officer and Secretary</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Mr. Urban joined Research Solutions in 2011
and has over 20 years of experience in corporate finance and accounting. Mr. Urban has previously served in numerous senior management
positions, including: Vice President of Finance and Treasurer for Infotrieve from 2000 to 2004; Chief Financial Officer of a leading
online poker company from 2005 to 2006; and Chief Financial Officer of ReachLocal (NASDAQ:RLOC) from 2007 to 2009, an internet
marketing company that ranked #1 on Deloitte&rsquo;s Tech Fast 500 List. Mr. Urban has also held positions as an audit and tax
manager in public accounting, and as an internal auditor. He holds a B.S. in Business, with a concentration in Accounting Theory
and Practice, from California State University, Northridge and has been a Certified Public Accountant (currently inactive) since
1998.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Scott Ahlberg &ndash; Chief Operating
Officer</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Mr. Ahlberg has effectively served as the
Chief Operating Officer since July 1, 2007, and has many years of experience in content and startup businesses. Mr. Ahlberg started
with Dynamic Information (EbscoDoc) in the 1980s, then went on to lead Sales and Marketing at Infotrieve, Inc. After leaving Infotrieve
in 2005 Mr. Ahlberg provided consulting services to ventures in professional networking and medical podcasting. He joined Reprints
Desk in 2006. His areas of expertise include strategic planning, operational innovation, copyright and content licensing, and quality
management. Mr. Ahlberg has degrees from Stanford University (B.A., 1984) and the University of London (M.A., 1990).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>FURTHER INFORMATION CONCERNING OUR
BOARD OF DIRECTORS</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>Meetings.</B><FONT STYLE="font-weight: normal">
</FONT> Our Board of Directors held seven meetings during the fiscal year ended June 30, 2015. Each director then serving attended
75% or more of the aggregate of all of the meetings of our Board of Directors and all of the meetings held by all committees of
our Board of Directors on which such director served in the fiscal year ended June 30, 2015. While directors generally attend annual
stockholder meetings, we have not established a specific policy with respect to members of our Board of Directors attending annual
stockholder meetings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>Committees.</B><FONT STYLE="font-weight: normal">
Our</FONT> Board of Directors currently has the following standing committees: Audit Committee, Compensation Committee and Nominating
and Governance Committee. Our Audit Committee held five meetings, our Compensation Committee held six meetings and our Nominating
and Governance Committee held two meetings during the fiscal year ended June 30, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our Audit Committee currently consists
of Messrs. Ogilvie (Chairman), McPeak and Suess. Our Board of Directors has determined that Mr. Ogilvie is an audit committee
financial expert, as defined in Item 407(d)(5) of Regulation S-K, and that each member of our Audit Committee is able to read
and understand fundamental financial statements and has substantial business experience that results in such member&rsquo;s financial
sophistication. Accordingly, our Board of Directors believes that each member of our Audit Committee has sufficient knowledge
and experience necessary to fulfill such member&rsquo;s duties and obligations on our Audit Committee. The primary purposes of
our Audit Committee are to assist our Board of Directors in fulfilling its responsibility to oversee the accounting and financial
reporting processes of our company and audits of our financial statements, including (i) reviewing the scope of the audit and
all non-audit services to be performed by our independent accountant and the fees incurred by us in connection therewith, (ii)
reviewing the results of such audit, including the independent accountant&rsquo;s opinion and letter of comment to management
and management&rsquo;s response thereto, (iii) reviewing with our independent accountants our internal accounting principles,
policies and practices and financial reporting, (iv) engaging our independent accountants and (v) reviewing our quarterly and
annual financial statements prior to public issuance. The role and responsibilities of our Audit Committee are more fully set
forth in a revised written Charter adopted by our Board of Directors on September 18, 2015, which is available on our website
located at <FONT STYLE="color: Blue"><U>www.researchsolutions.com</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our Compensation Committee currently consists
of Messrs. McPeak (Chairman), Ogilvie and Suess. The primary purposes of our Compensation Committee are to assist our Board of
Directors in fulfilling its responsibility to determine the compensation of our executive officers and to approve and evaluate
the compensation policies and programs of our company, including (i) reviewing the compensation packages of executive officers
and making recommendations to our Board of Directors for said compensation packages, (ii) reviewing and approving proposed stock
incentive grants and (iii) providing our Board of Directors with recommendations regarding bonus plans, if any. The role and responsibilities
of our Compensation Committee are more fully set forth in a revised written Charter adopted by our Board of Directors on September
18, 2015, which is available on our website located at <FONT STYLE="color: Blue"><U>www.researchsolutions.com</U></FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The policies underlying our Compensation
Committee&rsquo;s compensation decisions are designed to attract and retain the best-qualified management personnel available.
We routinely compensate our executive officers through salaries. At our discretion, we may reward executive officers and employees
through bonus programs based on profitability and other objectively measurable performance factors. Additionally, we use stock
options and other incentive awards to compensate our executives and other key employees to align the interests of our executive
officers with the interests of our stockholders. In establishing executive compensation, our Compensation Committee evaluates compensation
paid to similar officers employed at other companies of similar size in the same industry and the individual performance of each
officer as it impacts our overall performance with particular focus on an individual&rsquo;s contribution to the realization of
operating profits and the achievement of strategic business goals. Our Compensation Committee further attempts to rationalize a
particular executive&rsquo;s compensation with that of other executive officers of our company in an effort to distribute compensation
fairly among the executive officers. Although the components of executive compensation (salary, bonus and incentive grants) are
reviewed separately, compensation decisions are made based on a review of total compensation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our Nominating and Governance Committee
currently consists of Messrs. Suess (Chairman), McPeak and Ogilvie. The primary purposes of our Nominating and Governance Committee
are to (i) identify individuals qualified to become members of our Board of Directors and recommend to our Board of Directors the
nominees for the next annual meeting of our stockholders and candidates to fill vacancies on our Board of Directors, (ii) recommend
to our Board of Directors the directors to be appointed to committees of our Board of Directors and (iii) oversee the effectiveness
of our corporate governance in accordance with regulatory guidelines and any other guidelines we establish, including evaluations
of members of executive management, our Board of Directors and its committees. The role and responsibilities of our Nominating
and Governance Committee are more fully set forth in a revised written Charter adopted by our Board of Directors on October 15,
2012, which is available on our website located at www.researchsolutions.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our Nominating and Governance Committee&rsquo;s
methods for identifying candidates for election to our Board of Directors (other than those proposed by our stockholders, as discussed
below) include the solicitation of ideas for possible candidates from a number of sources - members of our Board of Directors;
our executives; individuals personally known to the members of our Board of Directors; and other research. Our Nominating and Governance
Committee may also, from time-to-time, retain one or more third-party search firms to identify suitable candidates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A stockholder of our company may nominate
one or more persons for election as a director at an annual meeting of stockholders if the stockholder complies with the notice,
information and consent provisions contained in our Amended and Restated Bylaws. In addition, the notice must be made in writing
and set forth as to each proposed nominee who is not an incumbent Director (i) their name, age, business address and, if known,
residence address, (ii) their principal occupation or employment, (iii) the number of shares of stock of our company beneficially
owned, (iv) a description of all arrangements or understandings between the stockholder and each nominee and any other person pursuant
to which the nominations are to be made and (v) any other information concerning the nominee that must be disclosed respecting
nominees in proxy solicitations pursuant to Rule 14(a) of the Exchange Act of 1934, as amended. The recommendation should be addressed
to our Secretary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Among other matters, our Nominating and
Governance Committee:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">1.</TD><TD>Reviews the desired experience, mix of skills and other qualities to assure appropriate Board of Directors composition, taking
into account the current members of our Board of Directors and the specific needs of our company and our Board of Directors;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">2.</TD><TD>Conducts candidate searches, interviews prospective candidates and conducts programs to introduce candidates to our management
and operations, and confirms the appropriate level of interest of such candidates;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">3.</TD><TD>Recommends qualified candidates who bring the background, knowledge, experience, independence, skill sets and expertise that
would strengthen and increase the diversity of our Board of Directors; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">4.</TD><TD>Conducts appropriate inquiries into the background and qualifications of potential nominees.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Based on the foregoing, our Nominating and
Governance Committee recommended for nomination and our Board of Directors nominated, Messrs. Regazzi, Derycz, Kessler, McPeak,
Ogilvie and Suess and Ms. Peterson for re-election as directors on our Board of Directors, subject to stockholder approval, for
a one-year term ending on or around the date of the 2016 annual meeting of stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>Board Leadership Structure and Role in
Risk Oversight.</B><FONT STYLE="font-weight: normal"> </FONT>Mr. Regazzi serves as our Chairman of the Board and Mr. Derycz serves
as our Chief Executive Officer. We believe that separating the role of Chairman of the Board and Chief Executive Officer enhances
our corporate governance practices and better enables management and our Board of Directors to focus on growth to maximize stockholder
value. Our Board of Directors plays an active role, as a whole and also at the committee level, in overseeing management of our
risks and strategic direction. Our Board of Directors regularly reviews information regarding our liquidity and operations, as
well as the risks associated with each. Our Compensation Committee is responsible for overseeing the management of risks relating
to our executive compensation plans and arrangements. Our Audit Committee oversees the process by which our senior management and
relevant employees assess and manage our exposure to, and management of, financial risks. Our Nominating and Governance Committee
also manages risks associated with the independence of members of our Board of Directors and potential conflicts of interest. While
each committee is responsible for evaluating certain risks and overseeing the management of such risks, the entire Board of Directors
is regularly informed about such risks.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>Stockholder Communications.</B> Holders
of our securities can send communications to our Board of Directors via email to <FONT STYLE="color: Blue"><U>auditcommittee@researchsolutions.com
</U></FONT>or by telephoning the Chief Financial Officer at our principal executive offices, who will then relay the communications
to our Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>DIRECTOR INDEPENDENCE</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our Board of Directors currently consists
of seven members: Messrs. Regazzi (Chairman), Derycz, Kessler, McPeak, Ogilvie and Suess and Ms. Peterson. Each director serves
until our next annual meeting or until his or her successor is duly elected and qualified. We are not a &ldquo;listed issuer&rdquo;
under Securities and Exchange Commission, or SEC, rules and are therefore not required to have separate committees comprised of
independent directors. Our Board of Directors has determined that Mr. Regazzi, Gen. McPeak, Mr. Ogilvie and Mr. Suess are independent
directors as that term is defined in the applicable rules for companies traded on the NASDAQ Stock Market. Gen. McPeak, Mr. Ogilvie
and Mr. Suess are each members of the Audit Committee, Compensation Committee and Nominating and Governance Committee of our Board
of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Effective as of the date of the Annual Meeting,
our Board of Directors has authorized a reduction in the number of members that constitute our board from seven to five. Messrs.
Kessler and Suess will cease to be directors upon the expiration of their current terms and Mr. Regazzi will join the Audit Committee,
Compensation Committee and Nominating and Governance Committee of our Board of Directors upon his election at the Annual Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>REPORT OF AUDIT COMMITTEE</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Audit Committee of our Board of Directors
has furnished the following report:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our Audit Committee currently operates under
a revised written charter that was approved by our Board of Directors effective September 18, 2015, and previously operated under
a written charter approved by our Board of Directors in November 2010, as revised on October 15, 2012. For the fiscal year ended
June 30, 2015, our Audit Committee has performed, or has confirmed that our Board of Directors has performed, the duties of our
Audit Committee, which is responsible for providing objective oversight of our internal controls and financial reporting process.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In fulfilling its responsibilities for the
financial statements for the fiscal year ended June 30, 2015, our Audit Committee:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Reviewed and discussed the audited financial statements for the year ended June 30, 2015 with management and Weinberg &amp;
Company, P.A., or the Auditors, our independent auditors; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Received written disclosures and the letter from the Auditors regarding their independence as required by PCAOB Rule 3526,
<I>Communication with Audit Committees Concerning Independence</I>. Our Audit Committee discussed with the Auditors their independence.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In fulfilling its responsibilities for the
financial statements for the fiscal year ended June 30, 2015, our Audit Committee discussed with the Auditors the matters required
to be discussed by Auditing Standard No. 16, <I>Communications with Audit Committees</I>, relating to the conduct of the audit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Based on our Audit Committee&rsquo;s review
of our audited financial statements and discussions with management and the Auditors, our Audit Committee approved the inclusion
of the audited financial statements in our Annual Report on Form 10-K for the year ended June 30, 2015, for filing with the SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.25in; text-align: justify">AUDIT COMMITTEE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.25in; text-align: justify">Scott Ogilvie</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.25in; text-align: justify">General Merrill McPeak</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.25in; text-align: justify">Gregory Suess</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The information in this Audit Committee
Report shall not be deemed to be &ldquo;soliciting material,&rdquo; or to be &ldquo;filed&rdquo; with the Securities and Exchange
Commission or to be subject to Regulation 14A or 14C as promulgated by the Securities and Exchange Commission, or to the liabilities
of Section 18 of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PROPOSAL NO. 2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INDEPENDENT ACCOUNTANTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Proposal No. 2 is the ratification of the
firm of Weinberg &amp; Company, P.A., or Weinberg, as our independent accountants for the year ending June 30, 2016. Our Audit
Committee recommended and our Board of Directors has selected, subject to ratification by a majority vote of the stockholders in
person or by proxy at the Annual Meeting, Weinberg as our independent public accountant for the current fiscal year ending June
30, 2016. Representatives of Weinberg are expected to be present telephonically at the Annual Meeting and will have the opportunity
to make a statement if they desire to do so. In addition, at the Annual Meeting, representatives of Weinberg are expected to be
available to respond to appropriate questions posed by our stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">While there is no legal requirement that
this proposal be submitted to stockholders, it will be submitted at the Annual Meeting nonetheless, as our Board of Directors believes
that the selection of auditors to audit our consolidated financial statements is of sufficient importance to seek stockholder approval.
If the majority of our stockholders present and entitled to vote at the Annual Meeting do not ratify the appointment of Weinberg
as our auditors for the current fiscal year, Weinberg will continue to serve as our auditors for the current fiscal year, and our
Audit Committee will engage in deliberations to determine whether it is in our best interest to continue Weinberg&rsquo;s engagement
as our auditors for the fiscal year ending June 30, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Weinberg is our principal independent public
accounting firm. All audit work was performed by the full time employees of Weinberg. Our Audit Committee approves in advance all
services performed by Weinberg, has considered whether the provision of non-audit services is compatible with maintaining Weinberg&rsquo;s
independence, and has approved such services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following table presents the aggregate
fees for professional audit services and other services rendered by Weinberg in the fiscal years ended June 30, 2015 and 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: center; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">Year Ended</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">June 30, 2015</P></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: center; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">Year Ended</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">June 30, 2014</P></TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 72%; font-size: 10pt; text-align: justify; padding-left: 5.4pt">Audit Fees</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">135,331</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">155,293</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-left: 5.4pt">Audit Related Fees</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&ndash;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&ndash;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-left: 5.4pt">Tax Fees</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">21,240</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">25,365</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-bottom: 1pt; padding-left: 5.4pt">All Other Fees</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&ndash;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&ndash;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: justify; padding-bottom: 2.5pt; padding-left: 5.4pt">Total</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">156,571</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">180,658</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Audit Fees</I> consist of amounts billed
for professional services rendered for the audit of our annual consolidated financial statements included in our Annual Reports
on Form 10-K, and reviews of our interim consolidated financial statements included in our Quarterly Reports on Form 10-Q and our
Registration Statement on Form S-1, including amendments thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Audit-Related Fees</I> consist of fees
billed for professional services that are reasonably related to the performance of the audit or review of our consolidated financial
statements but are not reported under &ldquo;Audit Fees.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Tax Fees</I> consist of fees for professional
services for tax compliance activities, including the preparation of federal and state tax returns and related compliance matters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>All Other Fees</I> consists of amounts
billed for services other than those noted above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>OUR BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS
YOU VOTE &ldquo;FOR&rdquo; RATIFYING THE APPOINTMENT OF WEINBERG &amp; COMPANY, P.A. AS OUR INDEPENDENT ACCOUNTANTS.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PROPOSAL NO. 3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ADVISORY VOTE ON EXECUTIVE COMPENSATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Under the Dodd-Frank Wall Street Reform
and Consumer Protection Act (&ldquo;Dodd-Frank Act&rdquo;), we are required to include in this Proxy Statement and present at the
Annual Meeting a non-binding stockholder vote to approve the compensation of our executives, as described in this Proxy Statement,
pursuant to the compensation disclosure rules of the SEC. Proposal No. 3, commonly known as a &ldquo;say on pay&rdquo; vote, gives
stockholders the opportunity to endorse or not endorse the compensation of our executives as disclosed in this Proxy Statement.
This proposal will be presented at the Annual Meeting as a resolution in substantially the following form:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in 0pt 1in; text-indent: 0in">RESOLVED, that the stockholders
approve the compensation of the Company&rsquo;s executives, as disclosed in the compensation tables and related narrative disclosure
in the Company&rsquo;s proxy statement for the Annual Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in 0pt 1in; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This vote will not be binding on our Board
of Directors and may not be construed as overruling a decision by our Board of Directors or creating or implying any change to
the fiduciary duties of our Board of Directors. The vote will not affect any compensation previously paid or awarded to any executive.
Our Compensation Committee and our Board of Directors may, however, take into account the outcome of the vote when considering
future executive compensation arrangements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The purpose of our compensation programs
is to attract and retain experienced, highly qualified executives critical to our long-term success and enhancement of stockholder
value.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Required Vote</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Endorsement of the compensation of our executive
officers will require the affirmative vote of a majority of the shares of our common stock present or represented and entitled
to vote at the Annual Meeting with respect to such proposal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>OUR BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE &ldquo;FOR&rdquo;
THE RESOLUTION APPROVING THE COMPENSATION OF OUR EXECUTIVES.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-weight: normal"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B><U>EXECUTIVE COMPENSATION</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Summary Compensation Table</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following table sets forth, as to our
Chief Executive Officer and as to each of our other two most highly compensated executive officers whose compensation exceeded
$100,000 during the last fiscal year, information concerning all compensation paid for services to us in all capacities for our
last two fiscal years.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0; text-align: center"><b>Name&nbsp;and&nbsp;principle</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0; text-align: center"><b>Position</b></P></td>
    <TD STYLE="padding-right: 0.8pt; padding-bottom: 1pt">&nbsp;</td>
    <TD STYLE="padding-right: 0.8pt; text-align: center; border-bottom: Black 1pt solid"><font style="font-size: 10pt"><b>Fiscal Year</b></font></td>
    <TD STYLE="padding-right: 0.8pt; padding-bottom: 1pt">&nbsp;</td>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>Salary</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>($)</b></P></td>
    <TD STYLE="padding-right: 0.8pt; padding-bottom: 1pt">&nbsp;</td>
    <TD STYLE="padding-right: 0.8pt; padding-bottom: 1pt">&nbsp;</td>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>Bonus</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>($)</b></P></td>
    <TD STYLE="padding-right: 0.8pt; padding-bottom: 1pt">&nbsp;</td>
    <TD STYLE="padding-right: 0.8pt; padding-bottom: 1pt">&nbsp;</td>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>Stock</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>awards</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>($)</b></P></td>
    <TD STYLE="padding-right: 0.8pt; padding-bottom: 1pt">&nbsp;</td>
    <TD STYLE="padding-right: 0.8pt; padding-bottom: 1pt">&nbsp;</td>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>Option</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>awards</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>($)</b></P></td>
    <TD STYLE="padding-right: 0.8pt; padding-bottom: 1pt">&nbsp;</td>
    <TD STYLE="padding-right: 0.8pt; padding-bottom: 1pt">&nbsp;</td>
    <TD STYLE="padding-right: 0.8pt; padding-bottom: 1pt">&nbsp;</td>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>All&nbsp;other</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>compensation</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>($)</b></P></td>
    <TD STYLE="padding-right: 0.8pt; padding-bottom: 1pt">&nbsp;</td>
    <TD STYLE="padding-right: 0.8pt; padding-bottom: 1pt">&nbsp;</td>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>Total</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>($)</b></P></td>
    <TD STYLE="padding-right: 0.8pt; padding-bottom: 1pt">&nbsp;</td></tr>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="width: 27%; padding-right: 0.8pt"><font style="font-size: 10pt">Peter&nbsp;Victor Derycz</font></td>
    <td style="width: 1%; padding-right: 0.8pt">&nbsp;</td>
    <td style="width: 5%; padding-right: 0.8pt; text-align: center"><font style="font-size: 10pt">2015</font></td>
    <td style="width: 1%; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="width: 1%; padding-right: 0.8pt">&nbsp;</td>
    <td style="width: 6%; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">276,000</font></td>
    <td style="width: 1%; padding-right: 0.8pt">&nbsp;</td>
    <td style="width: 1%; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="width: 2%; padding-right: 0.8pt">&nbsp;</td>
    <td style="width: 7%; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">120,000</font></td>
    <td style="width: 1%; padding-right: 0.8pt">&nbsp;</td>
    <td style="width: 1%; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="width: 1%; padding-right: 0.8pt">&nbsp;</td>
    <td style="width: 7%; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">118,159</font></td>
    <td style="width: 2%; padding-right: 0.8pt"><font style="font-size: 10pt">(1)&nbsp;</font></td>
    <td style="width: 1%; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="width: 1%; padding-right: 0.8pt">&nbsp;</td>
    <td style="width: 8%; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="width: 1%; padding-right: 0.8pt">&nbsp;</td>
    <td style="width: 1%; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="width: 1%; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="width: 3%; padding-right: 0.8pt">&nbsp;</td>
    <td style="width: 8%; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">13,114</font></td>
    <td style="width: 1%; padding-right: 0.8pt">&nbsp;</td>
    <td style="width: 1%; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="width: 1%; padding-right: 0.8pt">&nbsp;</td>
    <td style="width: 8%; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">527,273</font></td>
    <td style="width: 1%; padding-right: 0.8pt">&nbsp;</td></tr>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="padding-right: 0.8pt"><font style="font-size: 10pt">Chief&nbsp;Executive&nbsp;Officer and President</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: center"><font style="font-size: 10pt">2014</font></td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">276,000</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">60,000</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">78,004</font></td>
    <td style="padding-right: 0.8pt"><font style="font-size: 10pt">(2)&nbsp;</font></td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">12,074</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">426,078</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td></tr>
<TR STYLE="vertical-align: bottom; background-color: White">
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td></tr>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="padding-right: 0.8pt"><font style="font-size: 10pt">Alan Louis Urban</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: center"><font style="font-size: 10pt">2015</font></td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">201,250</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">90,000</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">88,615</font></td>
    <td style="padding-right: 0.8pt"><font style="font-size: 10pt">(3)&nbsp;</font></td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">11,437</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">391,302</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td></tr>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="padding-right: 0.8pt"><font style="font-size: 10pt">Chief Financial Officer and Secretary</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: center"><font style="font-size: 10pt">2014</font></td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">201,250</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">45,000</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">60,002</font></td>
    <td style="padding-right: 0.8pt"><font style="font-size: 10pt">(4)&nbsp;</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">10,137</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">316,389</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td></tr>
<TR STYLE="vertical-align: bottom; background-color: White">
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: center">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td></tr>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="padding-right: 0.8pt"><font style="font-size: 10pt">Scott Ahlberg</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: center"><font style="font-size: 10pt">2015</font></td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">178,200</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">90,000</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">88,615</font></td>
    <td style="padding-right: 0.8pt"><font style="font-size: 10pt">(3)</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">12,238</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">369,053</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td></tr>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="padding-right: 0.8pt"><font style="font-size: 10pt">Chief Operating Officer, Reprints Desk</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: center"><font style="font-size: 10pt">2014</font></td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">178,200</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">45,000</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">61,503</font></td>
    <td style="padding-right: 0.8pt"><font style="font-size: 10pt">(5)</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">10,182</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">294,885</font></td>
    <td style="padding-right: 0.8pt">&nbsp;</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">(1)</TD><TD STYLE="text-align: justify">Represents the grant date fair value of 57,000 shares of restricted stock granted on August 18,
2014, 22,860 shares of restricted stock granted on November 7, 2014, 33,333 shares of restricted stock granted on March 10, 2015,
and 24,835 shares of restricted stock granted on May 22, 2015. The grant date fair value was estimated using the market price of
our common stock at the date of grant. The restricted stock vests over a three-year period, with a one year cliff vesting period,
and remains subject to forfeiture if vesting conditions are not met.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">(2)</TD><TD STYLE="text-align: justify">Represents the grant date fair value of 33,333 shares of restricted stock granted on September
6, 2013, 2,540 shares of restricted stock granted on November 22, 2013, 2,051 shares of restricted stock granted on January 28,
2014, and 7,843 shares of restricted stock granted on May 19, 2014. The grant date fair value was estimated using the market price
of our common stock at the date of grant. The restricted stock vests over a three-year period, with a one year cliff vesting period,
and remains subject to forfeiture if vesting conditions are not met.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">(3)</TD><TD STYLE="text-align: justify">Represents the grant date fair value of 42,750 shares of restricted stock granted on August 18,
2014, 17,140 shares of restricted stock granted on November 7, 2014, 25,000 shares of restricted stock granted on March 10, 2015,
and 18,625 shares of restricted stock granted on May 22, 2015. The grant date fair value was estimated using the market price of
our common stock at the date of grant. The restricted stock vests over a three-year period, with a one year cliff vesting period,
and remains subject to forfeiture if vesting conditions are not met.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">(4)</TD><TD STYLE="text-align: justify">Represents the grant date fair value of 25,833 shares of restricted stock granted on September
6, 2013, 1,905 shares of restricted stock granted on November 22, 2013, 1,538 shares of restricted stock granted on January 28,
2014, and 5,882 shares of restricted stock granted on May 19, 2014. The grant date fair value was estimated using the market price
of our common stock at the date of grant. The restricted stock vests over a three-year period, with a one year cliff vesting period,
and remains subject to forfeiture if vesting conditions are not met.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">(5)</TD><TD STYLE="text-align: justify">Represents the grant date fair value of 26,667 shares of restricted stock granted on September
6, 2013, 1,905 shares of restricted stock granted on November 22, 2013, 1,538 shares of restricted stock granted on January 28,
2014, and 5,882 shares of restricted stock granted on May 19, 2014. The grant date fair value was estimated using the market price
of our common stock at the date of grant. The restricted stock vests over a three-year period, with a one year cliff vesting period,
and remains subject to forfeiture if vesting conditions are not met.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Employment Agreements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B><I>Peter Victor Derycz</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On July 1, 2010, we entered into an executive
employment agreement with Mr. Derycz which was subsequently amended on June 30, 2015. Under the terms of the executive employment
agreement, Mr. Derycz has agreed to serve as our Chief Executive Officer and President on an at-will basis. The term of the agreement
ends on June 30, 2017. The agreement provides for a base salary of $317,400 per year. No part of Mr. Derycz&rsquo;s salary is allocated
to his duties as a director of our company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The agreement contains provisions that prohibit
Mr. Derycz from soliciting our customers or employees during his employment with us and for one year afterward. The agreement also
contains provisions that restrict disclosure by Mr. Derycz of our confidential information and assign ownership to us of inventions
related to our business that are created by him during his employment. We may terminate the agreement at any time, with or without
cause. Mr. Derycz will be eligible to receive an amount equal to three (3) months of his then-current base salary payable in the
form of salary continuation if he is terminated without cause. Mr. Derycz may terminate the agreement at any time, with or without
reason, upon four weeks&rsquo; advance written notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B><I>Alan Louis Urban</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On November 3, 2011, we entered into an
executive employment agreement with Mr. Urban which was subsequently amended on June 30, 2015. Under the terms of the executive
employment agreement, Mr. Urban has agreed to serve as our Chief Financial Officer on an at-will basis. The term of the agreement
ends on June 30, 2017. The agreement provides for a base salary of $231,440 per year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The agreement contains provisions that prohibit
Mr. Urban from soliciting our customers or employees during his employment with us and for one year afterward. The agreement also
contains provisions that restrict disclosure by Mr. Urban of our confidential information and assign ownership to us of inventions
related to our business that are created by him during his employment. We may terminate the agreement at any time, with or without
cause. Mr. Urban will be eligible to receive an amount equal to three (3) months of his then-current base salary payable in the
form of salary continuation if he is terminated without cause. Mr. Urban may terminate the agreement at any time, with or without
reason, upon four weeks&rsquo; advance written notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B><I>Scott Ahlberg</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On July 1, 2010, we entered into an executive
employment agreement with Mr. Ahlberg which was subsequently amended on June 30, 2015. Under the terms of the executive employment
agreement, Mr. Ahlberg has agreed to serve as Chief Operating Officer of Reprints Desk on an at-will basis. The term of the agreement
ends on June 30, 2017. The agreement provides for a base salary of $204,930 per year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The agreement contains provisions that prohibit
Mr. Ahlberg from soliciting our customers or employees during his employment with us and for one year afterward. The agreement
also contains provisions that restrict disclosure by Mr. Ahlberg of our confidential information and assign ownership to us of
inventions related to our business that are created by him during his employment. We may terminate the agreement at any time, with
or without cause. Mr. Ahlberg will be eligible to receive an amount equal to three (3) months of his then-current base salary payable
in the form of salary continuation if he is terminated without cause. Mr. Ahlberg may terminate the agreement at any time, with
or without reason, upon four weeks&rsquo; advance written notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B><I>Janice Peterson</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On July 1, 2010, we entered into an executive
employment agreement with Ms. Peterson which was subsequently amended on June 30, 2015. Under the terms of the executive employment
agreement, Ms. Peterson has agreed to serve as Chief Publisher Relations Officer of Reprints Desk on an at-will basis. The term
of the agreement ends on June 30, 2017. The agreement provides for a base salary of $188,080 per year. No part of Ms. Peterson's
salary is allocated to her duties as a director of our company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The agreement contains provisions that prohibit
Ms. Peterson from soliciting our customers or employees during her employment with us and for one year afterward. The agreement
also contains provisions that restrict disclosure by Ms. Peterson of our confidential information and assign ownership to us of
inventions related to our business that are created by her during her employment. We may terminate the agreement at any time, with
or without cause. Ms. Peterson will be eligible to receive an amount equal to three (3) months of her then-current base salary
payable in the form of salary continuation if she is terminated without cause. Ms. Peterson may terminate the agreement at any
time, with or without reason, upon four weeks&rsquo; advance written notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Outstanding Equity Awards at Fiscal Year End</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following table presents information
regarding outstanding options held by our named executive officers as of the end of our fiscal year ended June 30, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 0.8pt"><font style="font-size: 10pt"><b>Name</b></font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; border-bottom: black 1.5pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>Number&nbsp;of</b>&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>securities</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>underlying</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>unexercised</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>options</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>exercisable (#)</b></P></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="3" style="vertical-align: bottom; border-bottom: black 1.5pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>Number&nbsp;of</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>securities</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>underlying</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>unexercised</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>options</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>unexercisable (#)</b></P></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; border-bottom: black 1.5pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>Option</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>exercise&nbsp;</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>price ($)</b></P></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; border-bottom: black 1.5pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>Option</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>expiration </b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>date (4)</b></P></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="4" style="vertical-align: bottom; border-bottom: black 1.5pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>Stock Awards:</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>Number&nbsp;of</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>shares of stock that have not
        vested (#)</b></P></td>
    <td style="vertical-align: top; padding-right: 1.8pt; text-align: center">&nbsp;</td>
    <td colspan="5" style="vertical-align: bottom; border-bottom: Black 1.5pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>Stock Awards: Market value
        of</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>shares of stock </b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>that have not </b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>vested ($)</b></P></td>
    <td>&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt"><font style="font-size: 10pt">Peter Victor Derycz</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">26,667</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">5,333</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt"><font style="font-size: 10pt">(1)&nbsp;</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">$1.25</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">&nbsp;2/13/2023</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: top; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: top; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: -11.65pt">&nbsp;</td>
    <td colspan="2">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">12,000</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">4,000</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt"><font style="font-size: 10pt">(2)&nbsp;</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">$1.85</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">5/20/2023</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">11,111</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt"><font style="font-size: 10pt">(7)</font></td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">$20,000</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt"><font style="font-size: 10pt">(8)</font></td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">1,058</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt"><font style="font-size: 10pt">(9)</font></td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">$2,085</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt"><font style="font-size: 10pt">(10)</font></td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">1,026</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt"><font style="font-size: 10pt">(11)</font></td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">$1,795</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt"><font style="font-size: 10pt">(12)</font></td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">4,575</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt"><font style="font-size: 10pt">(13)</font></td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">$5,490</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt"><font style="font-size: 10pt">(14)</font></td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">57,000</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt"><font style="font-size: 10pt">(15)</font></td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">$43,890</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt"><font style="font-size: 10pt">(16)</font></td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">22,860</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt"><font style="font-size: 10pt">(17)</font></td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">$14,859</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt"><font style="font-size: 10pt">(18)</font></td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">33,333</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt"><font style="font-size: 10pt">(19)</font></td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">$33,333</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt"><font style="font-size: 10pt">(20)</font></td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">24,835</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt"><font style="font-size: 10pt">(21)</font></td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">$26,077</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt"><font style="font-size: 10pt">(22)</font></td></tr>
<TR STYLE="background-color: White">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt"><font style="font-size: 10pt">Alan Louis Urban</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">100,000</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">$1.02</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">&nbsp;7/27/2020</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">125,000</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">$1.30</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">&nbsp;3/5/2022</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">20,000</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">4,000</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt"><font style="font-size: 10pt">(3)</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">$1.15</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">2/6/2023</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">1,818</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt"><font style="font-size: 10pt">(5)</font></td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">$3,364</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt"><font style="font-size: 10pt">(6)</font></td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">8,611</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt"><font style="font-size: 10pt">(7)</font></td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">$15,500</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt"><font style="font-size: 10pt">(8)</font></td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">794</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt"><font style="font-size: 10pt">(9)</font></td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">$1,564</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt"><font style="font-size: 10pt">(10)</font></td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">769</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt"><font style="font-size: 10pt">(11)</font></td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">$1,346</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt"><font style="font-size: 10pt">(12)</font></td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">3,431</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt"><font style="font-size: 10pt">(13)</font></td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">$4,117</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt"><font style="font-size: 10pt">(14)</font></td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">42,750</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt"><font style="font-size: 10pt">(15)</font></td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">$32,198</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt"><font style="font-size: 10pt">(16)</font></td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">17,140</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt"><font style="font-size: 10pt">(17)</font></td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">$11,141</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt"><font style="font-size: 10pt">(18)</font></td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">25,000</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt"><font style="font-size: 10pt">(19)</font></td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">$25,000</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt"><font style="font-size: 10pt">(20)</font></td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">18,625</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt"><font style="font-size: 10pt">(21)</font></td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">$19,556</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt"><font style="font-size: 10pt">(22)</font></td></tr>
<TR STYLE="background-color: White">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt"><font style="font-size: 10pt">Scott Ahlberg</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">75,000</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">$1.50</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">12/21/2017</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="3">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">75,000</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">$1.00</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">5/28/2019</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="3">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">20,000</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">$1.02</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">7/27/2020</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="3">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">21,333</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">4,267</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt"><font style="font-size: 10pt">(3)</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">$1.15</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">2/6/2023</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="3">&nbsp;</td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">1,940</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt"><font style="font-size: 10pt">(5)</font></td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">$3,588</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt"><font style="font-size: 10pt">(6)</font></td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">8,889</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt"><font style="font-size: 10pt">(7)</font></td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">$16,000</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt"><font style="font-size: 10pt">(8)</font></td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">794</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt"><font style="font-size: 10pt">(9)</font></td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">$1,564</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt"><font style="font-size: 10pt">(10)</font></td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">769</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt"><font style="font-size: 10pt">(11)</font></td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">$1,346</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt"><font style="font-size: 10pt">(12)</font></td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">3,431</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt"><font style="font-size: 10pt">(13)</font></td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">$4,117</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt"><font style="font-size: 10pt">(14)</font></td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">42,750</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt"><font style="font-size: 10pt">(15)</font></td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">$32,198</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt"><font style="font-size: 10pt">(16)</font></td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">17,140</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt"><font style="font-size: 10pt">(17)</font></td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">$11,141</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt"><font style="font-size: 10pt">(18)</font></td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">25,000</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt"><font style="font-size: 10pt">(19)</font></td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">$25,000</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt"><font style="font-size: 10pt">(20)</font></td></tr>
<TR STYLE="background-color: rgb(204,238,255)">
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><font style="font-size: 10pt">-</font></td>
    <td style="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">&nbsp;</td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">18,625</font></td>
    <td colspan="2" style="vertical-align: bottom; padding-right: 1.8pt"><font style="font-size: 10pt">(21)</font></td>
    <td colspan="2" style="vertical-align: top; padding-right: 1.8pt; text-align: right">&nbsp;</td>
    <td style="vertical-align: bottom; padding-right: 1.8pt; text-align: right"><font style="font-size: 10pt">$19,556</font></td>
    <td colspan="3" style="vertical-align: bottom; padding-right: -11.65pt"><font style="font-size: 10pt">(22)</font></td></tr>
<TR STYLE="background-color: White">
    <td>&nbsp;</td>
    <td style="width: 5px">&nbsp;</td>
    <td style="width: 30px">&nbsp;</td>
    <td style="width: 48px">&nbsp;</td>
    <td style="width: 18px">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="width: 11px">&nbsp;</td>
    <td style="width: 1px">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="width: 1px">&nbsp;</td>
    <td style="width: 19px">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td style="width: 18px">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td style="width: 4px">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="width: 44px">&nbsp;</td>
    <td style="width: 4px">&nbsp;</td>
    <td>&nbsp;</td>
    <td style="width: 1px">&nbsp;</td>
    <td style="width: 2px">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td style="width: 2px">&nbsp;</td>
    <td>&nbsp;</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(1)</TD><TD>The stock options were granted on February 13, 2013 and vest over a three year period, with a one year cliff vesting period.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(2)</TD><TD>The stock options were granted on May 20, 2013 and vest over a three year period, with a one year cliff vesting period.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(3)</TD><TD>The stock options were granted on February 6, 2013 and vest over a three year period, with a one year cliff vesting period.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(4)</TD><TD>Stock options expire ten years from the grant date.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(5)</TD><TD>The restricted stock was granted on May 20, 2013 and vest over a three year period, with a one year cliff vesting period.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(6)</TD><TD>Based on a market closing price per share of common stock of $1.85 on May 20, 2013.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(7)</TD><TD>The restricted stock was granted on September 6, 2013 and vest over a three year period, with a one year cliff vesting period.</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(8)</TD><TD>Based on a market closing price per share of common stock of $1.80 on September 6, 2013.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(9)</TD><TD>The restricted stock was granted on November 22, 2013 and vest over a three year period, with a one year cliff vesting period.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(10)</TD><TD>Based on a market closing price per share of common stock of $1.97 on November 22, 2013.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(11)</TD><TD>The restricted stock was granted on January 28, 2014 and vest over a three year period, with a one year cliff vesting period.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(12)</TD><TD>Based on a market closing price per share of common stock of $1.75 on January 28, 2014.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(13)</TD><TD>The restricted stock was granted on May 19, 2014 and vest over a three year period, with a one year cliff vesting period.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(14)</TD><TD>Based on a market closing price per share of common stock of $1.20 on May 19, 2014.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(15)</TD><TD>The restricted stock was granted on August 18, 2014 and vest over a three year period, with a one year cliff vesting period.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(16)</TD><TD>Based on a market closing price per share of common stock of $0.77 on August 18, 2014.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(17)</TD><TD>The restricted stock was granted on November 7, 2014 and vest over a three year period, with a one year cliff vesting period.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(18)</TD><TD>Based on a market closing price per share of common stock of $0.65 on November 7, 2014.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(19)</TD><TD>The restricted stock was granted on March 10, 2015 and vest over a three year period, with a one year cliff vesting period.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(20)</TD><TD>Based on a market closing price per share of common stock of $1.00 on March 10, 2015.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(21)</TD><TD>The restricted stock was granted on May 22, 2015 and vest over a three year period, with a one year cliff vesting period.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(22)</TD><TD>Based on a market closing price per share of common stock of $1.05 on May 22, 2015.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Director Compensation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following table presents information
regarding compensation paid to our non-employee directors for our fiscal year ended June 30, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Name</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Fiscal Year</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>Fees</b></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>earned</b></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>or paid</b></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>in&nbsp;cash</b></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>($)</b></P></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>Stock</b></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>awards</b></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>($)</b></P></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>Warrant</b></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>and</b></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>Option</b></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>Awards</b></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>($)</b></P></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>All&nbsp;other</b></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><b>Compensation ($)</b></P></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Total ($)</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center">(a)</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center"><font style="font-size: 10pt">(b)</font></TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center"><font style="font-size: 10pt">(c)</font></TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center"><font style="font-size: 10pt">(d)</font></TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center"><font style="font-size: 10pt">(g)</font></TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center"><font style="font-size: 10pt">(h)</font></TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 16%; font-size: 10pt; text-align: left">Paul Kessler</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: center">2015</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">10,500</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">-</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">45,000</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">-</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">55,500</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">2014</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Gen. Merrill McPeak</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">2015</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">12,000</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">73,500</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">17,877</TD><TD STYLE="font-size: 10pt; text-align: left">(1)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">103,377</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">2014</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">12,000</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">12,000</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">Scott Ogilvie</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">2015</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">12,000</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">26,250</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">73,500</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">17,877</TD><TD STYLE="font-size: 10pt; text-align: left">(1)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">129,627</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">2014</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">12,000</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">12,000</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Janice Peterson</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">2015</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">351,851</TD><TD STYLE="font-size: 10pt; text-align: left">(2)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">351,851</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">2014</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">230,850</TD><TD STYLE="font-size: 10pt; text-align: left">(3)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">230,850</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">John Regazzi</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">2015</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">300</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">18,000</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">18,300</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">2014</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Gregory Suess</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">2015</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">12,000</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">26,250</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">73,500</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">17,877</TD><TD STYLE="font-size: 10pt; text-align: left">(1)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">129,627</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">2014</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">12,000</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">-</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">12,000</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>On May 22, 2015, warrants originally issued on November 5, 2010 to purchase 50,000 shares of the Company&rsquo;s common stock
were modified to extend the term from five years to ten years.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>Ms. Peterson received no compensation for her services as a director of the Company. Other compensation represents the following
amounts paid to Ms. Peterson for her services as an employee of the Company: salary in the amount of $174,960, bonus in the amount
of $90,000, grant date fair value of restricted stock of $83,225 (represents the grant date fair value of 35,750 shares of restricted
stock granted on August 18, 2014, 17,140 shares of restricted stock granted on November 7, 2014, 25,000 shares of restricted stock
granted on March 10, 2015, and 18,625 shares of restricted stock granted on May 22, 2015). The grant date fair value was estimated
using the market price of the Company&rsquo;s common stock at the date of grant. The restricted stock vests over a three year period,
with a one year cliff vesting period, and remain subject to forfeiture if vesting conditions are not met, and other compensation
in the amount of $3,666.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(3)</TD><TD>Ms. Peterson received no compensation for her services as a director of the Company. Other compensation represents the following
amounts paid to Ms. Peterson for her services as an employee of the Company: salary in the amount of $145,800, bonus in the amount
of $37,500, grant date fair value of restricted stock of $44,252 (represents the grant date fair value of 18,333 shares of restricted
stock granted on September 6, 2013, 1,587 shares of restricted stock granted on November 22, 2013, 1,282 shares of restricted stock
granted on January 28, 2014, and 4,902 shares of restricted stock granted on May 19, 2014). The grant date fair value was estimated
using the market price of the Company&rsquo;s common stock at the date of grant. The restricted stock vests over a three year period,
with a one year cliff vesting period, and remain subject to forfeiture if vesting conditions are not met, and other compensation
in the amount of $3,298.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

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<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In fiscal 2015, non-employee directors of
our company received $12,000 and options to purchase 75,000 shares of our common stock for attending meetings and serving on our
Board of Directors. In fiscal 2014, non-employee directors of our company received $12,000 and options to purchase 50,000 shares
of our common stock for attending meetings and serving on our Board of Directors. We expect to compensate our non-employee directors
with a combination of cash and options to purchase our common stock going forward. Compensation payable to non-employee directors
may be adjusted from time to time, as approved by our Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Indemnification of Directors and Executive
Officers and Limitation of Liability</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We are a Nevada Corporation. The Nevada
Revised Statutes and certain provisions of our Amended and Restated Bylaws under certain circumstances provide for indemnification
of our officers, directors and controlling persons against liabilities which they may incur in such capacities. A summary of the
circumstances in which such indemnification is provided for is contained herein, but this description is qualified in its entirety
by reference to our Amended and Restated Bylaws and to the statutory provisions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In general, any officer, director, employee
or agent may be indemnified against expenses, fines, settlements or judgments arising in connection with a legal proceeding to
which such person is a party, if that person&rsquo;s actions were in good faith, were believed to be in our best interest, and
were not unlawful. Unless such person is successful upon the merits in such an action, indemnification may be awarded only after
a determination by independent decision of our Board of Directors, by legal counsel, or by a vote of our stockholders, that the
applicable standard of conduct was met by the person to be indemnified.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The circumstances under which indemnification
is granted in connection with an action brought on our behalf is generally the same as those set forth above; however, with respect
to such actions, indemnification is granted only with respect to expenses actually incurred in connection with the defense or settlement
of the action. In such actions, the person to be indemnified must have acted in good faith and in a manner believed to have been
in our best interest, and have not been adjudged liable for negligence or misconduct.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Indemnification may also be granted pursuant
to the terms of agreements which may be entered in the future or pursuant to a vote of stockholders or directors. The Nevada Revised
Statutes also grant us the power to purchase and maintain insurance which protects our officers and directors against any liabilities
incurred in connection with their service in such a position, and such a policy may be obtained by us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We have not entered into separate indemnification
agreements with our directors and executive officers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A stockholder&rsquo;s investment may be
adversely affected to the extent we pay the costs of settlement and damage awards against directors and officers as required by
these indemnification provisions. At present, there is no pending litigation or proceeding involving any of our directors, officers
or employees regarding which indemnification by us is sought, nor are we aware of any threatened litigation that may result in
claims for indemnification.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Insofar as indemnification for liabilities
arising under the Securities Act may be permitted to directors, officers or persons controlling us pursuant to the foregoing provisions,
we have been informed that, in the opinion of the SEC, this indemnification is against public policy as expressed in the Securities
Act and is therefore unenforceable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following table presents information
regarding the beneficial ownership of our common stock as of September 18, 2015 by each of our executive officers, each of our
directors, all of our directors and executive officers as a group and each stockholder known by us to be the beneficial owner of
more than 5% of our common stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Beneficial ownership is determined in accordance
with the rules of the SEC and generally includes voting or investment power with respect to securities. Unless otherwise indicated
below, to our knowledge, the persons and entities named in the table have sole voting and sole investment power with respect to
all shares beneficially owned, subject to community property laws where applicable. Shares of our common stock subject to options
or warrants that are currently exercisable or exercisable within 60 days after September 18, 2015 are deemed to be outstanding
and to be beneficially owned by the person holding the options or warrants for the purpose of computing the percentage ownership
of that person but are not treated as outstanding for the purpose of computing the percentage ownership of any other person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The information presented in this table
is based on 18,394,125 shares of our common stock outstanding on September 18, 2015. Unless otherwise indicated, the address of
each of the executive officers, directors and more than 5% stockholders named below is c/o Research Solutions, Inc., 5435 Balboa
Boulevard, Suite 202, Encino, California 91316.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; border-bottom: Black 1pt solid">Name of Beneficial Owner</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Number of Shares Beneficially Owned</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Percentage of Shares Outstanding</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">Executive Officers and Directors:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 72%; font-size: 10pt; text-align: left; text-indent: -9pt; padding-left: 0.25in"><font style="font-size: 10pt">Peter Victor Derycz <sup>(1)</sup>&#9;</font></TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">3,678,842</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">20.0</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -9pt; padding-left: 0.25in"><font style="font-size: 10pt">Alan Louis Urban <sup>(2)</sup>&#9;</font></TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">468,118</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">2.5</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -9pt; padding-left: 0.25in"><font style="font-size: 10pt">Scott Ahlberg <sup>(3)</sup>&#9;</font></TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">376,542</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">2.0</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -9pt; padding-left: 0.25in"><font style="font-size: 10pt">Janice Peterson <sup>(4)</sup>&#9;</font></TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">368,085</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">2.0</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -9pt; padding-left: 0.25in"><font style="font-size: 10pt">Paul Kessler <sup>(5)</sup></font></TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">4,858,910</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">26.3</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -9pt; padding-left: 0.25in"><font style="font-size: 10pt">General Merrill McPeak <sup>(6)</sup>&#9;</font></TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">367,108</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">2.0</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -9.35pt; padding-left: 18.7pt"><font style="font-size: 10pt">Scott Ogilvie <sup>(6)</sup>&#9;</font></TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">300,000</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1.6</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -9.35pt; padding-left: 18.7pt"><font style="font-size: 10pt">John Regazzi <sup>(7)</sup>&#9;</font></TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">96,000</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right"><font style="font-size: 10pt">*</font></TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -9.35pt; padding-left: 18.7pt"><font style="font-size: 10pt">Gregory Suess <sup>(6)</sup>&#9;</font></TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">281,125</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1.5</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -9pt; padding-left: 0.25in"><font style="font-size: 10pt">Directors and officers as a group (7 persons) <sup>(8)</sup>&#9;</font></TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">10,794,730</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">53.9</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-indent: -9pt; padding-left: 0.25in">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold">5% Stockholders:</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -9pt; padding-left: 0.25in"><font style="font-size: 10pt">Bristol Investment Fund, Ltd <sup>(5)</sup>.&#9;</font></TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">4,783,910</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">26.0</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD></TR>
</TABLE>








<HR SIZE="2" NOSHADE ALIGN="LEFT" STYLE="width: 12%; color: black">

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
    <td style="width: 24px"><font style="font-size: 10pt">*</font></td>
    <td><font style="font-size: 10pt">Less than 1%</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
    <TD STYLE="width: 7%; padding-bottom: 10pt"><font style="font-size: 10pt">(1)</font></td>
    <TD STYLE="width: 93%; padding-bottom: 10pt; text-align: justify"><font style="font-size: 10pt">Includes options to purchase 29,333 shares of common stock at an exercise price of $1.25 per share, options to purchase 13,333 shares of common stock at an exercise price of $1.85 per share, and 215,795 shares of restricted stock. The restricted stock was granted as follows: 33,333 shares on September 6, 2013, 2,540 shares on November 22, 2013, 2,051 shares on January 28, 2014, 7,843 shares on May 19, 2014, 57,000 shares on August 18, 2014, 22,860 shares on November 7, 2014, 33,333 shares on March 10, 2015, 24,835 shares on May 22, 2015, and 32,000 shares on August 4, 2015. The restricted stock vests over a three year period, with a one year cliff vesting period, and remains subject to forfeiture if vesting conditions are not met.</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt"><font style="font-size: 10pt">(2)</font></td>
    <TD STYLE="padding-bottom: 10pt; text-align: justify"><font style="font-size: 10pt">Includes 3,000 shares owned by the wife of Mr. Urban, and 5,000 shares owned by each of the three children of Mr. Urban, and options to purchase 100,000 shares of common stock at an exercise price of $1.02 per share, options to purchase 125,000 shares of common stock at an exercise price of $1.30 per share, and options to purchase 22,000 shares of common stock at an exercise price of $1.15 per share, and 169,946 shares of restricted stock. The restricted stock was granted as follows: 7,273 shares on May 20, 2013, 25,833 shares on September 6, 2013, 1,905 shares on November 22, 2013, 1,538 shares on January 28, 2014, 5,882 shares on May 19, 2014, 42,750 shares on August 18, 2014, 17,140 shares on November 7, 2014, 25,000 shares on March 10, 2015, 18,625 on May 22, 2015, and 24,000 shares on August 4, 2015. The restricted stock vests over a three year period, with a one year cliff vesting period, and remains subject to forfeiture if vesting conditions are not met.</font></td></tr>
</TABLE>

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<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt; width: 7%"><font style="font-size: 10pt">(3)</font></td>
    <TD STYLE="padding-bottom: 10pt; text-align: justify; width: 93%"><font style="font-size: 10pt">Includes options to purchase 75,000 shares of common stock at an exercise price of $1.50 per share, options to purchase 75,000 shares of common stock at an exercise price of $1.00 per share, options to purchase 20,000 shares of common stock at an exercise price of $1.02 per share, options to purchase 23,467 shares of common stock at an exercise price of $1.15 per share, and 171,265 shares of restricted stock. The restricted stock was granted as follows: 7,758 shares on May 20, 2013, 26,667 shares on September 6, 2013, 1,905 shares on November 22, 2013, 1,538 shares on January 28, 2014, 5,882 shares on May 19, 2014, and 42,750 shares on August 18, 2014, 17,140 shares on November 7, 2014, 25,000 shares on March 10, 2015, 18,625 on May 22, 2015, and 24,000 shares on August 4, 2015. The restricted stock vests over a three year period, with a one year cliff vesting period, and remains subject to forfeiture if vesting conditions are not met.</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt"><font style="font-size: 10pt">(4)</font></td>
    <TD STYLE="padding-bottom: 10pt; text-align: justify"><font style="font-size: 10pt">Includes options to purchase 85,000 shares of common stock at an exercise price of $1.50 per share, options to purchase 75,000 shares of common stock at an exercise price of $1.00 per share, options to purchase 40,000 shares of common stock at an exercise price of $1.02 per share, options to purchase 16,133 shares of common stock at an exercise price of $1.15 per share, and 151,952 shares of restricted stock. The restricted stock was granted as follows: 5,333 shares on May 20, 2013, 18,333 shares on September 6, 2013, 1,587 shares on November 22, 2013, 1,282 shares on January 28, 2014, 4,902 shares on May 19, 2014, and 35,750 shares on August 18, 2014, 17,140 shares on November 7, 2014, 25,000 shares on March 10, 2015, 18,625 on May 22, 2015, and 24,000 shares on August 4, 2015. The restricted stock vests over a three year period, with a one year cliff vesting period, and remains subject to forfeiture if vesting conditions are not met.</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt"><font style="font-size: 10pt">(5)</font></td>
    <TD STYLE="padding-bottom: 10pt; text-align: justify"><font style="font-size: 10pt">Bristol Investment Fund, Ltd.&rsquo;s address is 1100 Glendon Avenue, Suite 850, Los Angeles, CA 90024.&nbsp;&nbsp;Paul Kessler exercises investment and voting control over the shares held by Bristol Investment Fund, Ltd. and is the brother-in-law of Peter Victor Derycz. &nbsp;Paul Kessler&rsquo;s beneficial ownership includes options to purchase 75,000 shares of common stock at an exercise price of $1.10 per share.</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt"><font style="font-size: 10pt">(6)</font></td>
    <TD STYLE="padding-bottom: 10pt; text-align: justify"><font style="font-size: 10pt">Includes warrants to purchase 50,000 shares of common stock at an exercise price of $1.25 per share, warrants to purchase 50,000 shares of common stock at an exercise price of $1.19 per share, options to purchase 50,000 shares of common stock at an exercise price of $1.15 per share, options to purchase 50,000 shares of common stock at an exercise price of $1.05 per share, and options to purchase 75,000 shares of common stock at an exercise price of $1.10 per share.</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt"><font style="font-size: 10pt">(7)</font></td>
    <TD STYLE="padding-bottom: 10pt; text-align: justify"><font style="font-size: 10pt">Includes options to purchase 30,000 shares of common stock at $1.10 per share, and options to purchase 16,000 shares of common stock at $0.80 per share.</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt"><font style="font-size: 10pt">(8)</font></td>
    <TD STYLE="padding-bottom: 10pt; text-align: justify"><font style="font-size: 10pt">Includes warrants to purchase 150,000 shares of common stock at an exercise price of $1.25 per share, warrants to purchase 150,000 shares of common stock at an exercise price of $1.19 per share, options to purchase 150,000 shares of common stock at an exercise price of $1.00 per share, options to purchase 160,000 shares of common stock at an exercise price of $1.02 per share, options to purchase 150,000 shares of common stock at an exercise price of $1.05 per share, options to purchase 330,000 shares of common stock at an exercise price of $1.10 per share, options to purchase 211,600 shares of common stock at an exercise price of $1.15 per share, options to purchase 29,333 shares of common stock at an exercise price of $1.25 per share, options to purchase 125,000 shares of common stock at an exercise price of $1.30 per share, options to purchase 160,000 shares of common stock at an exercise price of $1.50 per share, and options to purchase 13,333 shares of common stock at an exercise price of $1.85 per share.</font></td></tr>
</table>
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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Equity Compensation Plan Information</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In December 2007, we established the 2007
Equity Compensation Plan (the &ldquo;Plan&rdquo;). The Plan was approved by our Board of Directors and stockholders. The purpose
of the Plan is to grant stock and options to purchase our common stock to our employees, directors and key consultants. On November
21, 2014, the maximum number of shares of common stock that may be issued pursuant to awards granted under the Plan increased from
3,000,000 to 5,000,000, as approved by our Board of Directors and stockholders. Cancelled and forfeited stock options and stock
awards may again become available for grant under the Plan. There were 1,508,509 shares available for grant under the Plan as of
June 30, 2015. All stock option grants are made under Plan. The following table provides information as of June 30, 2015 with respect
to the Plan, which is the only compensation plan under which our equity securities are authorized for issuance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; border-bottom: Black 1pt solid">Plan Category</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Number of securities to be issued upon exercise of outstanding options, warrants and rights</b></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(a)</b></P></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Weighted-average exercise price of outstanding options, warrants and rights<sup>(1)</sup></b></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(b)</b></P></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a))</b></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(c)</b></P></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 49%; font-size: 10pt; text-align: left">Equity compensation plans approved by security holders (2007 Equity Compensation Plan)</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 13%; font-size: 10pt; text-align: right">3,356,157</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">(2)</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 13%; font-size: 10pt; text-align: right">1.22</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 13%; font-size: 10pt; text-align: right">1,508,509</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Equity compensation plans not approved by security holders (Warrants)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">305,000</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">1.26</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">--</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt">Total</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">3,661,157</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">1,508,509</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
    <td style="width: 7%; padding-bottom: 10pt"><font style="font-size: 10pt">(1)</font></td>
    <td style="width: 93%; padding-bottom: 10pt; text-align: justify"><font style="font-size: 10pt">The weighted average exercise price excludes restricted stock awards, which have no exercise price.</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-bottom: 10pt"><font style="font-size: 10pt">(2)</font></td>
    <td style="padding-bottom: 10pt; text-align: justify"><font style="font-size: 10pt">Includes 889,321 shares of restricted stock awarded to employees.</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>CERTAIN RELATIONSHIPS AND RELATED
TRANSACTIONS</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Transactions with Officers and Directors</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Other than the transactions described herein,
since July 1, 2013, there has not been, nor is there currently proposed, any transaction or series of similar transactions to which
we were or will be a party:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>in which the amount involved exceeds the lesser of $120,000 or one percent of the average of our total assets at year end for
the last two completed fiscal years; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-size: 10pt">in which any director, executive officer, stockholder who beneficially owns more than 5% of our
common stock or any member of their immediate family had or will have a direct or indirect material interest.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On November 13, 2013, Bristol Investment
Fund Ltd. exercised warrants to purchase 162,500 shares of our common stock at a per share price of $2.00, for gross proceeds of
$325,000.&nbsp; Mr. Kessler serves as the manager of the investment advisory firm to Bristol Investment Fund Ltd.&nbsp; Mr. Kessler
is the brother-in-law of Peter Derycz, our Chief Executive Officer and President, and is a member of our board of directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Director Independence</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our Board of Directors currently consists
of seven members: Messrs. Regazzi, Derycz, Kessler, McPeak, Ogilvie and Suess and Ms. Peterson. We are not a &ldquo;listed issuer&rdquo;
under SEC rules. Our board of Directors has determined that Messrs. Regazzi, McPeak, Ogilvie and Suess are &ldquo;independent&rdquo;
as that term is defined in the applicable rules for companies traded on the NASDAQ Stock Market. Effective as of the date of the
Annual Meeting, our Board of Directors has authorized a reduction in the number of members that constitute our board from seven
to five.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>COMPLIANCE WITH SECTION 16(A) OF THE
EXCHANGE ACT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 16(a) of the Exchange Act requires
our officers, directors and persons who own more than ten percent of a registered class of our equity securities to file reports
of ownership and changes in ownership with the SEC and to furnish our company with copies of all Section 16(a) forms they file.
Our review of copies of the Section 16(a) reports filed during the fiscal year ended June 30, 2015 indicates that all filing requirements
applicable to our officers, directors and greater than ten percent beneficial owners were complied with, except for Mr. Derycz,
who did not timely file four Form 4s reporting seven transactions, Mr. McPeak, who did not timely file three Form 4s reporting
three transactions, and Mr. Suess, who did not timely file one Form 4 reporting 4 transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>STOCKHOLDER PROPOSALS</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In order for a stockholder proposal to be
considered for inclusion in our Proxy Statement for our 2016 annual meeting of stockholders, the written proposal must be received
by us no later than June 4, 2016, and should contain the information required by our Amended and Restated Bylaws. If the date of
next year&rsquo;s annual meeting is moved more than 30 days before or after November 6, 2016, the first anniversary of this year&rsquo;s
Annual Meeting, the deadline for inclusion of proposals in our Proxy Statement is instead a reasonable time before we begin to
print and mail our proxy materials for next year&rsquo;s meeting. Any proposals will also need to comply with Rule 14a-8 of the
rules and regulations promulgated under the Securities Exchange Act of 1934, as amended, regarding the inclusion of stockholder
proposals in company sponsored proxy materials. Proposals should be addressed to our Secretary at our principal executive offices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If you intend to present a proposal at our
2016 annual meeting of stockholders and the proposal is not intended to be included in our Proxy Statement relating to that meeting,
you must give us advance notice of the proposal in accordance with our Amended and Restated Bylaws. Pursuant to our Amended and
Restated Bylaws, in order for a stockholder proposal to be deemed properly presented in these circumstances, a stockholder must
deliver notice of the proposal to our Secretary, at our principal executive offices, from and after July 9, 2016 through August
8, 2016. However, if the date of our 2016 annual meeting of stockholders is more than 30 days before or after November 6, 2016,
the first anniversary of this year&rsquo;s Annual Meeting, stockholders must give us notice of any stockholder proposals after
the 120<SUP>th</SUP> day prior to next year&rsquo;s annual meeting and before the 90<SUP>th</SUP> day prior to next year&rsquo;s
annual meeting, or, if later, the 10<SUP>th</SUP> day following the day on which we first make public announcement of the date
of next year&rsquo;s annual meeting. If a stockholder does not provide us with notice of a stockholder proposal in accordance with
the deadlines described above, the stockholder will not be permitted to present the proposal to the stockholders for a vote at
the meeting. If the stockholder does not also comply with the requirements of Rule 14a-4(c)(2) under the Securities Exchange Act
of 1934, as amended, we may exercise discretionary voting authority under proxies that we solicit to vote in accordance with our
best judgment on any such stockholder proposal or nomination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>DELIVERY OF DOCUMENTS TO SECURITY
HOLDERS SHARING AN ADDRESS</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We are delivering this Proxy Statement and
an annual report to all stockholders of record as of the record date. Stockholders residing in the same household who hold their
shares in the name of a bank, broker or other holder of record may receive only one Proxy Statement and annual report if previously
notified by their bank, broker or other holder. This process, by which only one proxy statement and annual report, as the case
may be, is delivered to multiple security holders sharing an address, unless contrary instructions are received from one or more
of the security holders, is called &ldquo;householding.&rdquo; Householding may provide convenience for stockholders and cost savings
for companies. Once begun, householding may continue unless instructions to the contrary are received from one or more of the stockholders
within the household.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Street name stockholders in a single household
who received only one copy of the Proxy Statement or annual report may request to receive separate copies in the future by following
the instructions provided on the voting instruction form sent to them by their bank, broker or other holder of record. Similarly,
street name stockholders who are receiving multiple copies may request that only a single set of materials be sent to them in the
future by checking the appropriate box on the voting instruction form. Otherwise, street name stockholders should contact their
bank, broker or other holder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Copies of this Proxy Statement and our annual
report are available promptly by calling (310) 477-0354, or by writing to Research Solutions, Inc., 5435 Balboa Boulevard, Suite
202, Encino, California 91316. If you are receiving multiple copies of this Proxy Statement, you also may request orally or in
writing to receive a single copy of this Proxy Statement by calling (310) 477-0354, or writing to Research Solutions, Inc., Attention:
Investor Relations, 5435 Balboa Boulevard, Suite 202, Encino, California 91316.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>OTHER MATTERS</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Our Board of Directors is not aware of any
matter to be acted upon at the Annual Meeting other than described in this Proxy Statement. Unless otherwise directed, all shares
represented by the persons named in the accompanying proxy will be voted in favor of the proposals described in this Proxy Statement.
If any other matter properly comes before the meeting, however, the proxy holders will vote thereon in accordance with their best
judgment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RESEARCH SOLUTIONS, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>November 6, 2015</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Please date, sign and mail your proxy card
in the envelope provided as soon as possible.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Wingdings"><B>&acirc;&acirc;</B></FONT>&nbsp;<FONT STYLE="font: 10pt Wingdings">n</FONT></P>

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    <td style="width: 100%; border-top: black 1pt inset; border-right: black 1pt inset; border-left: black 1pt inset; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">THE BOARD OF DIRECTORS RECOMMENDS A VOTE
        &ldquo;FOR&rdquo; PROPOSALS 1, 2 and 3.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">PLEASE SIGN, DATE AND RETURN PROMPTLY IN
        THE ENCLOSED ENVELOPE. PLEASE MARK YOUR VOTE IN BLUE OR BLACK INK.</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <td style="vertical-align: top; width: 66%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">1. TO ELECT THE FOLLOWING FIVE NOMINEES
        AS DIRECTORS:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">JOHN REGAZZI&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PETER VICTOR DERYCZ&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GENERAL
        MERRILL MCPEAK</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">SCOTT OGILVIE&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JANICE PETERSON</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">_______ FOR NOMINEES LISTED (EXCEPT AS
        MARKED TO THE CONTRARY BELOW)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: -0.25in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">_______ WITHHELD</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(INSTRUCTION: To withhold authority to
        vote for any individual nominee, write that nominee&rsquo;s name in the space below:)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt -0.5in; text-align: justify; text-indent: 0.5in">-------------------------------------------------------------------</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The undersigned hereby confer(s) upon the
        Proxies and each of them discretionary authority with respect to the election of directors in the event that any of the above nominees
        is unable or unwilling to serve.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">2. TO RATIFY THE APPOINTMENT OF WEINBERG
        &amp; COMPANY, P.A., AS THE INDEPENDENT PUBLIC ACCOUNTANTS OF THE COMPANY.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">____ FOR ____ AGAINST ____ ABSTAIN</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></td>
    <td style="width: 1%; border-bottom: white 3pt solid">&nbsp;</td>
    <td style="vertical-align: top; width: 33%; border-bottom: white 3pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>THIS PROXY IS SOLICITED BY THE BOARD
        OF DIRECTORS OF RESEARCH SOLUTIONS, INC.</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>The undersigned revokes any other proxy
        to vote at the Annual Meeting of Stockholders and hereby ratifies and confirms all that the Proxies, and each of them, may lawfully
        do by virtue hereof. With respect to matters not known at the time of the solicitation hereof, said Proxies are authorized to vote
        in accordance with their best judgment.</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 9pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>This proxy will be voted in accordance
        with the instructions set forth above. Where a vote is not specified, the proxies will vote the shares represented by the proxy
        &ldquo;FOR&rdquo; Proposals 1, 2 and 3 and as said proxy shall deem advisable on such other business as may come before the Annual
        Meeting of Stockholders, unless otherwise directed.</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 9pt">&nbsp;</P></td></tr>
<tr>
    <td style="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">3. TO HOLD AN ADVISORY VOTE APPROVING THE
        FOLLOWING RESOLUTION ENDORSING OUR EXECUTIVE COMPENSATION: &ldquo;RESOLVED, THAT THE STOCKHOLDERS APPROVE THE COMPENSATION OF THE
        COMPANY&rsquo;S EXECUTIVES, AS DISCLOSED IN THE COMPENSATION TABLES AND RELATED NARRATIVE DISCLOSURE IN THE COMPANY&rsquo;S PROXY
        STATEMENT FOR THE ANNUAL MEETING.&rdquo;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">____ FOR ____ AGAINST ____ ABSTAIN</P></td>
    <td>&nbsp;</td>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>The undersigned acknowledges receipt
        of a copy of the Notice of Annual Meeting of Stockholders and accompanying Proxy Statement dated September 25, 2015 relating to
        the Annual Meeting of Stockholders.</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 9pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Please check here if you plan to attend the meeting. <font style="font-family: Wingdings">o</font></P>
        <P STYLE="font: 10pt Wingdings; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">To change the address on your account, please check the box
        below and indicate your new address in the address space below. Please note that changes to the registered name(s) on the account
        may not be submitted via this method.&#9;<font style="font-family: Wingdings">o</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&nbsp;</font></P>
        <P STYLE="font: 10pt Wingdings; margin: 0pt 0"><u></u></P></td></tr>
</table>
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<tr>
    <td style="vertical-align: bottom; width: 13%; border-bottom: white 3pt solid"><font style="font-size: 10pt">Signature of Stockholder</font></td>
    <td style="vertical-align: bottom; width: 19%; border-bottom: black 1pt solid">&nbsp;</td>
    <td style="vertical-align: bottom; width: 6%; border-bottom: white 3pt solid; text-align: right"><font style="font-size: 10pt">Date:</font></td>
    <td style="vertical-align: bottom; width: 14%; border-bottom: black 1pt solid">&nbsp;</td>
    <td style="vertical-align: bottom; width: 14%; border-bottom: white 3pt solid; text-align: right"><font style="font-size: 10pt">Signature of Stockholder</font></td>
    <td style="vertical-align: bottom; width: 14%; border-bottom: black 1pt solid">&nbsp;</td>
    <td style="vertical-align: bottom; width: 6%; border-bottom: white 3pt solid; text-align: right"><font style="font-size: 10pt">Date:</font></td>
    <td style="width: 14%; border-bottom: black 1pt solid">&nbsp;</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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<tr style="vertical-align: top">
    <td style="width: 48px"><font style="font-size: 10pt"><b>Note:</b></font></td>
    <td style="text-align: justify"><font style="font-size: 10pt"><b>Please sign exactly as your name or names appear on this proxy. When shares are held jointly, each holder should sign. When signing as executor, administrator, attorney, trustee or guardian, please give full title as such. If the signer is a corporation, please sign full corporate name by duly authorized officer, giving full title as such. If signer is a partnership, please sign in partnership name by authorized person.</b></font></td></tr>
</table>










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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RESEARCH SOLUTIONS, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Proxy for Annual Meeting of Stockholders</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>November 6, 2015&#9;11:00 A.M.</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The undersigned, a
stockholder of Research Solutions, Inc., a Nevada corporation (the &ldquo;Company&rdquo;), hereby appoints PETER VICTOR DERYCZ
and ALAN URBAN or either of them, the proxies of the undersigned (the &ldquo;Proxies&rdquo;), each with full power of substitution,
to attend, vote and act for the undersigned at the Annual Meeting of Stockholders of the Company, to be held on November 6, 2015
at 11:00 A.M., and any postponements or adjournments thereof, and in connection herewith to vote and represent all of the shares
of the Company which the undersigned would be entitled to vote as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Continued and to be signed on the reverse
side)</P>

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