<SEC-DOCUMENT>0001213900-14-007953.txt : 20141112
<SEC-HEADER>0001213900-14-007953.hdr.sgml : 20141111
<ACCEPTANCE-DATETIME>20141112083047
ACCESSION NUMBER:		0001213900-14-007953
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20141106
ITEM INFORMATION:		Material Modifications to Rights of Security Holders
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20141112
DATE AS OF CHANGE:		20141112

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SB FINANCIAL GROUP, INC.
		CENTRAL INDEX KEY:			0000767405
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				341395608
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-13507
		FILM NUMBER:		141211374

	BUSINESS ADDRESS:	
		STREET 1:		401 CLINTON ST
		CITY:			DEFIANCE
		STATE:			OH
		ZIP:			43512
		BUSINESS PHONE:		4197838930

	MAIL ADDRESS:	
		STREET 1:		401 CLINTON STREET
		STREET 2:		PO BOX 467
		CITY:			DEFIANCE
		STATE:			OH
		ZIP:			43512

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RURBAN FINANCIAL CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>f8k110614_sbfinancial.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">FORM
8-K</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Date
of Report (Date of earliest event reported): <U> November 12, 2014 (November 6, 2014)&nbsp;</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">SB FINANCIAL GROUP, INC.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Exact
name of registrant as specified in its charter)</FONT></P>

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

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    <TD STYLE="width: 32%; padding-top: 0; padding-right: 0; border-bottom: Black 1.5pt solid; padding-left: 0; text-align: center; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Ohio</FONT></TD>
    <TD STYLE="width: 2%; padding: 0 0 1.5pt; text-align: center; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 32%; padding-top: 0; padding-right: 0; border-bottom: Black 1.5pt solid; padding-left: 0; text-align: center; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">0-13507</FONT></TD>
    <TD STYLE="width: 2%; padding: 0 0 1.5pt; text-align: center; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 32%; padding-top: 0; padding-right: 0; border-bottom: Black 1.5pt solid; padding-left: 0; text-align: center; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">34-1395608</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(State
                                         or other jurisdiction</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">of
incorporation or organization)</FONT></P></TD>
    <TD STYLE="padding: 0; text-align: center; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; text-align: center; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Commission
    File Number)</FONT></TD>
    <TD STYLE="padding: 0; text-align: center; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(IRS
                                         Employer</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Identification
        No.)</FONT></P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">401
Clinton Street, Defiance, Ohio 43512</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Address
of principal executive offices) (Zip Code)</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(419)
783-8950 </FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Registrant&rsquo;s
telephone number, including area code)</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">Not Applicable</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Former
name or former address, if changed since last report.)</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Check the
appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&#9744; Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&#9744;<FONT STYLE="font: 10pt Times New Roman, Times, Serif">  Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&#9744;<FONT STYLE="font: 10pt Times New Roman, Times, Serif">  Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&#9744;<FONT STYLE="font: 10pt Times New Roman, Times, Serif">  Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

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

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

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

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<TD STYLE="width: 0.75in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Item 3.03.</B></FONT></TD><TD STYLE="text-align: justify"><B>Material
                                         Modification to Rights of Security Holders.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.75in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.75in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
information set forth under Item 5.03 regarding the liquidation, dividend and conversion rights of the Series A Preferred Shares
(as defined below) of SB Financial Group, Inc. (the &ldquo;Company&rdquo;) is incorporated by reference into this Item 3.03.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.75in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

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<TD STYLE="width: 0.75in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Item
5.03.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Amendments to Articles of
Incorporation or Bylaws; Change in Fiscal Year.</B></FONT></TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.75in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">On
November 6, 2014, the Board of Directors of the Company adopted a Certificate of Amendment to the Amended Articles of Incorporation
of the Company (the &ldquo;Certificate of Amendment&rdquo;) in accordance with Section 1701.70(b)(1) of the Ohio Revised Code
and Article FOURTH of the Company&rsquo;s Amended Articles of Incorporation. The Certificate of Amendment, which was filed with
the Secretary of State of the State of Ohio on November 6, 2014, authorizes the Company to issue up to 15,000 shares of its newly-designated
6.50% Noncumulative Convertible Perpetual Preferred Shares, Series A (the &ldquo;Series A Preferred Shares&rdquo;).</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.75in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">As
further described in the Certificate of Amendment, the Series A Preferred Shares have a liquidation preference of $1,000 per share
and entitle the holders thereof to receive, when, as, and if declared by the Company&rsquo;s Board of Directors, out of the Company&rsquo;s
assets available for payment, noncumulative cash dividends at the rate of 6.50% per annum of the $1,000 liquidation preference.
Such cash dividends, when, as, and if declared by the Company&rsquo;s Board of Directors, will be payable quarterly on March 15,
June 15, September 15 and December 15 of each year, or if such day is not a business day, the next succeeding business day, commencing
March 15, 2015. To the extent any Series A Preferred Shares are outstanding, t<FONT STYLE="letter-spacing: 0.05pt">he Company
will be prohibited from paying dividends on its common shares or any other junior shares unless the full dividends on all outstanding
Series A Preferred Shares have been declared and paid for the most recently completed dividend period.</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.75in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="letter-spacing: 0.05pt">&nbsp;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.75in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="letter-spacing: 0.05pt"></FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.75in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Series A Preferred Shares rank, with respect to dividends and upon liquidation, dissolution or winding up, senior to the Company&rsquo;s
common shares and each other class or series of common shares or preferred shares the Company may issue in the future, the terms
of which do not expressly provide that it ranks senior to or on parity with the Series A Preferred Shares (collectively, &ldquo;junior
shares&rdquo;). As a result, in the event that the Company liquidates, dissolves or winds-up its business and affairs, either
voluntarily or involuntarily, holders of the Series A Preferred Shares will be entitled to receive a liquidating distribution
of $1,000 per share, plus any declared and unpaid dividends, without accumulation of any undeclared dividends, before the Company
is permitted to make any distribution of assets to the holders of the Company&rsquo;s common shares or any other class or series
of junior shares.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.15in 0 0; text-indent: 0.75in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Each
Series A Preferred Share, at the option of the holder, is convertible at any time into the number of common shares of the Company
equal to $1,000.00 divided by the conversion price then in effect. In addition, on or after the fifth anniversary of the issue
date of the Series A Preferred Shares, the Company may, at its option, require holders of the Series A Preferred Shares to convert
each Series A Preferred Share into the number of common shares of the Company equal to the quotient achieved when $1,000.00 is
divided by the conversion price then in effect. The Company may exercise this option only if (i) the closing sale price for the
Company&rsquo;s common shares equals or exceeds 120% of the conversion price then in effect for at least 20 trading days in a
period of 30 consecutive trading days (including the last trading day of such period) ending on the fifth trading day immediately
prior to the Company&rsquo;s issuance of a press release announcing its exercise of this option and (ii) the Company has declared
and paid full dividends on the Series A Preferred Shares for four consecutive quarters prior to the issuance of the press release.
The initial conversion price is $10.34 and is subject to anti-dilution adjustments upon the occurrence of certain events as described
in the Certificate of Amendment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.15in 0 0; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.15in 0 0; text-indent: 0.75in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.15in 0 0; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.75in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Holders
of Series A Preferred Shares will have no voting rights except with respect to certain matters affecting the rights and preferences
of the Series A Preferred Shares, and as otherwise required by Ohio law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.75in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.75in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
foregoing description of the Series A Preferred Shares in not complete and is qualified in its entirety by reference to the full
text of the Certificate of Amendment, which is attached hereto as Exhibit 3.1 and is incorporated herein by reference.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.75in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

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<TD STYLE="width: 0.75in; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Item 9.01.</B></FONT></TD><TD STYLE="text-align: justify"><B>Financial
                                         Statements and Exhibits.</B></TD>
</TR></TABLE>

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<TD STYLE="width: 0; padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)</FONT></TD><TD STYLE="padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Not
                                         Applicable</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(b)</FONT></TD><TD STYLE="padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Not
                                         Applicable</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(c)</FONT></TD><TD STYLE="padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Not
                                         Applicable</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
<TD STYLE="width: 0; padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif"></TD><TD STYLE="width: 0.5in; padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(d)</FONT></TD><TD STYLE="padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Exhibits</FONT></TD></TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 10%; padding-top: 0; padding-right: 0; border-bottom: Black 1.5pt solid; padding-left: 0; text-align: center; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Exhibit
    No.</FONT></TD>
    <TD STYLE="width: 2%; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="width: 88%; padding-top: 0; padding-right: 0; border-bottom: Black 1.5pt solid; padding-left: 0; text-align: center; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Description</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0; text-align: center; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.1</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Certificate
    of Amendment to the Articles of Incorporation of SB Financial Group, Inc. as filed with the Ohio Secretary of State of the
    State of Ohio on November 6, 2014</FONT></TD></TR>
</TABLE>



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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">SB FINANCIAL GROUP, INC.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif; width: 50%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif; width: 10%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif; width: 4%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif; width: 36%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Dated:&nbsp;&nbsp;November
    12, 2014</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By:&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">/s/
    Anthony V. Cosentino</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Anthony
    V. Cosentino</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Chief
    Financial Officer</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

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



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<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0; font: 10pt Times New Roman, Times, Serif">-4-</P>

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<DOCUMENT>
<TYPE>EX-3.1
<SEQUENCE>2
<FILENAME>f8k110614ex3i_sbfinancial.htm
<DESCRIPTION>CERTIFICATE OF AMENDMENT TO THE ARTICLES OF INCORPORATION
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 3.1&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0; text-align: center"><B>ATTACHMENT TO CERTIFICATE OF AMENDMENT
BY DIRECTORS OR <BR>
INCORPORATORS TO ARTICLES OF INCORPORATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0; text-align: center"><B>OF&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.6pt 0 0; text-align: center"><B>SB FINANCIAL GROUP, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.6pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.6pt 0 0; text-indent: 0.5in"><B>RESOLVED</B>, that pursuant to
the authority granted to and vested in the board of directors (the &ldquo;<U>Board of Directors</U>&rdquo;) of SB Financial Group,
Inc. (the &ldquo;<U>Corporation</U>&rdquo;), and in accordance with Section 1701.70(B)(1) of the Ohio Revised Code and Article
FOURTH of the Corporation&rsquo;s Amended Articles of Incorporation (the &ldquo;<U>Articles</U>&rdquo;), the Board of Directors
hereby establishes the terms of the Corporation&rsquo;s 6.50% Noncumulative Convertible Perpetual Preferred Shares, Series&nbsp;A,
each without par value, and fixes and determines the designation and authorized number of shares of the series and the dividend
rights, liquidation rights, voting rights and conversion rights with respect to the shares of the series, and certain other relative,
participating, optional or other special rights, and the qualifications, limitations and restrictions thereof, with the Articles
hereby amended to add such terms as Section&nbsp;I of Article FOURTH of the Articles as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.6pt 0 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.6pt 0 0; text-align: center"><B>SECTION I</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.6pt 0 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0; text-align: center"><B>EXPRESS TERMS&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0; text-align: center"><B>OF&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0; text-align: center"><B>6.50<FONT STYLE="text-transform: uppercase">%
Noncumulative Convertible</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Perpetual
Preferred Shares, SERIES A</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>&nbsp;&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 1. <U>Designation and Amount</U>. There
is hereby created out of the authorized and unissued preferred shares of the Corporation a series of preferred shares designated
as the &ldquo;6.50% Noncumulative Convertible Perpetual Preferred Shares, Series A&rdquo; (the &ldquo;<U>Series A Preferred Shares</U>&rdquo;).
The Series A Preferred Shares shall be perpetual. The authorized number of Series A Preferred Shares shall be 15,000 shares, each
without par value, having a liquidation preference of $1,000 per share. The number of Series A Preferred Shares may be increased
from time to time in accordance with Ohio law and the Articles of Incorporation of the Corporation (the &ldquo;<U>Articles</U>&rdquo;)
up to the maximum number of preferred shares authorized to be issued under the Articles, as amended, less all shares at the time
authorized of any other series of preferred shares, and any such additional Series A Preferred Shares would form a single series
with the Series A Preferred Shares. Outstanding Series A Preferred Shares that are purchased or otherwise acquired by the Corporation,
or converted into Common Shares, shall be cancelled and shall revert to authorized but unissued preferred shares undesignated as
to series.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 2. <U>Definitions</U>. As used herein
with respect to the Series A Preferred Shares, in addition to those terms otherwise defined herein, the following terms shall have
the following meanings:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.6pt 0 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Affiliate</U>&rdquo;
shall mean, with respect to any Person, any Person directly or indirectly controlling, controlled by or under common control with,
such other Person. For purposes of this definition, &ldquo;control&rdquo; (including, with correlative meanings, the terms &ldquo;controlled
by&rdquo; and &ldquo;under common control with&rdquo;) when used with respect to any Person, means the possession, directly or
indirectly, of the power to cause the direction of management or policies of such Person, whether through the ownership of voting
securities, by contract or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.6pt 0 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.6pt 0 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>BHC Act</U>&rdquo;
shall mean the Bank Holding Company Act of 1956, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.6pt 0 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.6pt 0 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.6pt 0 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: left"><FONT STYLE="font-size: 10pt">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Business
Day</U>&rdquo; </FONT>shall mean any day except Saturday, Sunday and any day on which banking institutions in the State of New
York generally are authorized or required by law or other governmental actions to close.<FONT STYLE="font-size: 10pt"> </FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>CIBC Act</U>&rdquo; shall mean
the Change in Bank Control Act of 1978, as amended.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Closing Sales Price</U>&rdquo;
shall mean, with respect to a particular day, the closing sale price or, if no closing sale price is reported, the last reported
sale price per Common Share (or share or unit of capital stock or other equity interest, as applicable) on such day on the NASDAQ
Capital Market or such other national securities exchange or automated quotation system on which the Common Shares are then listed
or authorized for quotation or, if the Common Shares are not so listed or authorized for quotation, an amount determined in good
faith by the Board of Directors to be the fair value of the Common Shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Common Shares</U>&rdquo; shall
mean the common shares, each without par value, of the Corporation, or any other class of capital stock resulting from (i) successive
exchanges or reclassifications of such common shares consisting solely of changes in par value, or from no par value to par value,
or (ii) a subdivision, combination, Reorganization Event or similar transaction in which the Corporation is a constituent corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Conversion Date</U>&rdquo;
shall have the meaning ascribed to such term in Section 8(c) hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Conversion Price</U>&rdquo;
shall mean, initially, $10.34 per Common Share, subject to adjustment from time to time as set forth in Section 11 hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Conversion Ratio</U>&rdquo;
shall mean the number of Common Shares into which each Series A Preferred Share may be converted at any time pursuant to and in
accordance with Sections 8 or 9, and shall equal the Liquidation Preference divided by the Conversion Price applicable upon such
conversion.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Conversion Right</U>&rdquo;
shall have the meaning ascribed to such term in Section 8(a) hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Corporation Conversion Notice</U>&rdquo;
shall have the meaning ascribed to such term in Section 9(b) hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Corporation Conversion Option</U>&rdquo;
shall have the meaning ascribed to such term in Section 9(a) hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Corporation Conversion Option
Date</U>&rdquo; shall have the meaning ascribed to such term in Section 9(b) hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: justify">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Dividend Period</U>&rdquo; shall have the meaning ascribed to such term in Section 4(b) hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: justify">(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Dividend Record Date</U>&rdquo; shall have the meaning ascribed to such term in Section 4(e) hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: left">(p)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Ex-Date</U>&rdquo; shall mean, when used with respect to any issuance, dividend or distribution giving rise to an adjustment
to the Conversion Price pursuant to Section&nbsp;11, the first date on which the Common Shares or other securities trade without
the right to receive the issuance, dividend or distribution.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: justify">(q)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Federal Reserve</U>&rdquo; shall mean the Board of Governors of the Federal Reserve System.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: justify">(r)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Holder</U>&rdquo; shall mean a holder of record of outstanding Series A Preferred Shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: justify">(s)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Issue Date</U>&rdquo; shall mean the original date of issuance of the Series A Preferred Shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: left">(t)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Junior Shares</U>&rdquo; shall mean the Common Shares and any other class or series of capital stock of the Corporation
now or hereafter authorized, issued or outstanding that, by its terms, does not expressly provide that it ranks <I>pari passu
</I>with or senior to the Series A Preferred Shares with respect to dividend rights and rights upon liquidation, dissolution and
winding up of the Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: left">(u)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Liquidation Parity Shares</U>&rdquo; shall mean Parity Shares the terms of which expressly provide that it will rank
<I>pari passu</I> with the Series A Preferred Shares as to rights upon liquidation, dissolution and winding up of the Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: left">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Liquidation Preference</U>&rdquo; shall mean, with respect to each Series A Preferred Share, $1,000, subject to equitable
adjustment from time to time pursuant to Section 14(b).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: left">(w)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Market Value</U>&rdquo; shall mean the average Closing Sale Price of a Common Share for a thirty (30) consecutive Trading
Day period prior to the date of measurement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: left">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Officer</U>&rdquo; shall mean the Chief Executive Officer, the President, any Vice President, the Treasurer, the Secretary
or any Assistant Secretary of the Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: left">(y)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Officers&rsquo; Certificate</U>&rdquo; shall mean a certificate signed by two duly authorized Officers.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: left">(z)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Opinion of Counsel</U>&rdquo; shall mean a written opinion from legal counsel acceptable to the Transfer Agent. Such
counsel may be an employee of or counsel to the Corporation or the Transfer Agent.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: left">(aa)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Parity Shares</U>&rdquo; shall mean any class or series of capital stock of the Corporation hereafter authorized, issued
or outstanding that, by its terms, expressly provides that it ranks <I>pari passu</I> with the Series A Preferred Shares with
respect to dividend rights and rights upon liquidation, dissolution and winding up of the Corporation (without regard to whether
dividends accrue cumulatively or non-cumulatively).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: left">(bb)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Partial Dividend</U>&rdquo; shall have the meaning ascribed to such term in Section 4(d) hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: left">(cc)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Person</U>&rdquo; shall mean any individual, corporation, general partnership, limited partnership, limited liability
partnership, joint venture, association, joint-stock corporation, trust, limited liability corporation, unincorporated organization,
other entity or government or any agency or political subdivision thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: left">(dd)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Reorganization Event</U>&rdquo; shall have the meaning ascribed to such term in Section 7(b)(iii) hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: left">(ee)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Senior Shares</U>&rdquo; shall mean any class or series of capital stock of the Corporation hereafter authorized, issued
or outstanding that, by its terms, expressly provides that it ranks senior to the Series A Preferred Shares with respect to dividend
rights or rights upon liquidation, dissolution and winding up of the Corporation.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: left">(ff)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Series A Dividend Payment Date</U>&rdquo; shall have the meaning ascribed to such term in Section 4(b).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: left">(gg)&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Series A Preferred Shares</U>&rdquo; shall have the meaning ascribed to such term in Section 1 hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: left">(hh)&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Trading Day</U>&rdquo; shall mean any day on which the NASDAQ Capital Market (or such other successor national securities
exchange or automated quotation system on which the Common Shares are then listed or authorized for quotation) is open for the
transaction of business.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: left">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Transfer Agent</U>&rdquo; shall mean the Corporation&rsquo;s duly appointed transfer agent, registrar, conversion and
dividend disbursing agent for the Series A Preferred Shares and transfer agent and registrar for any Common Shares issued upon
conversion of the Series A Preferred Shares, or any successor duly appointed by the Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; text-align: left">(jj)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Voting Securities</U>&rdquo; shall have the meaning ascribed to such term in the BHC Act and any rules or regulations
promulgated thereunder</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 3. <U>Ranking</U>. The Series A Preferred
Shares shall rank, with respect to dividend rights and rights upon liquidation, dissolution or winding up of the Corporation, (a)
senior to all Junior Shares, (b) on parity with all Parity Shares and (c) junior to all Senior Shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 4. <U>Dividends</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to the rights of any holders
of Senior Shares, each Holder shall be entitled to receive, on each Series A Preferred Share held, if, as and when declared by
the Board of Directors or any duly authorized committee of the Board of Directors, but only out of the Corporation&rsquo;s net
income, retained earnings or surplus related to other capital instruments that qualify as &ldquo;Tier 1 capital&rdquo; under applicable
banking regulations, noncumulative cash dividends with respect to each Dividend Period at a rate per annum equal to 6.50% of the
Liquidation Preference.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If declared by the Board of Directors
or a duly authorized committee of the Board of Directors, dividends shall be payable on the Series A Preferred Shares quarterly,
in arrears, on March 15, June 15, September 15 and December 15 of each year, beginning on March 15, 2015 (each such date, a &ldquo;<U>Series
A Dividend Payment Date</U>&rdquo;). In the event that any Series A Dividend Payment Date would otherwise fall on a day that is
not a Business Day, the dividend payment due on that date will be postponed to the next day that is a Business Day and no additional
dividends will accrue as a result of that postponement. The period from and including any Series A Dividend Payment Date to, but
excluding, the next Series A Dividend Payment Date is a &ldquo;<U>Dividend Period</U>,&rdquo; provided that the initial Dividend
Period shall be the period from and including the Issue Date to, but excluding, the next Series A Dividend Payment Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.6pt 0 0; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividends that are payable
on the Series A Preferred Shares in respect of any Dividend Period shall be computed on the basis of a 360-day year consisting
of twelve 30-day months. The amount of dividends payable on the Series A Preferred Shares on any date prior to the end of a Dividend
Period, and for the initial Dividend Period, shall be computed on the basis of a 360-day year consisting of twelve 30-day months,
and actual days elapsed over a 30-day month.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.6pt 0 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.6pt 0 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.6pt 0 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.6pt 0 0; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event that the Board
of Directors or a duly authorized committee of the Board of Directors declares a dividend on the Series A Preferred Shares with
respect to a Dividend Period in an amount less than the full amount payable to the Holders with respect to such Dividend Period
pursuant to Sections 4(a) and 4(b) (such lesser amount, a &ldquo;<U>Partial Dividend</U>&rdquo;), such Partial Dividend shall be
distributed to the Holders on a pro rata basis with respect to the outstanding Series A Preferred Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.6pt 0 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.6pt 0 0; text-indent: 0.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividends that are payable
on the Series A Preferred Shares on any Series A Dividend Payment Date will be payable to Holders of record of Series A Preferred
Shares as they appear on the stock register of the Corporation on the applicable record date, which shall be the 15th calendar
day immediately preceding such Series A Dividend Payment Date (each, a &ldquo;<U>Dividend Record Date</U>&rdquo;). Any such day
that is a Dividend Record Date shall be a Dividend Record Date whether or not such day is a Business Day.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.6pt 0 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.6pt 0 0; text-indent: 0.5in">(f) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividends on the Series A
Preferred Shares will not be cumulative. If the Board of Directors or a duly authorized committee of the Board of Directors does
not declare a dividend on the Series A Preferred Shares in respect of a Dividend Period, then no dividend shall be deemed to have
accrued for such Dividend Period, be payable on the applicable Series A Dividend Payment Date or be cumulative, and the Corporation
will have no obligation to pay any dividend for that Dividend Period, whether or not the Board of Directors or a duly authorized
committee of the Board of Directors declares a dividend for any future Dividend Period with respect to the Series A Preferred Shares
or any other class or series of the Corporation&rsquo;s preferred shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.6pt 0 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(g) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;So long as any Series A Preferred Shares
remain outstanding, unless the full dividends for the most recently completed Dividend Period have been declared and paid (or declared
and a sum sufficient for the payment thereof has been set aside) on all outstanding Series A Preferred Shares, during a Dividend
Period:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(i) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;no dividend shall be declared
or paid or set aside for payment and no distribution shall be declared or made or set aside for payment on any Junior Shares (other
than a dividend payable solely in Junior Shares);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(ii) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;no Junior Shares shall be
repurchased, redeemed or otherwise acquired for consideration by the Corporation, directly or indirectly (other than (A) as a result
of a reclassification of Junior Shares for or into other Junior Shares, (B) the exchange or conversion of one Junior Share for
or into another Junior Share, (C) through the use of the proceeds of a substantially contemporaneous sale of other Junior Shares,
(D) purchases, redemptions or other acquisitions of Junior Shares in connection with any employment contract, benefit plan or other
similar arrangement with or for the benefit of employees, officers, directors or consultants, or (E) the purchase of fractional
interests in Junior Shares pursuant to the conversion or exchange provisions of such stock or the security being converted or exchanged)
nor shall any monies be paid to or made available for a sinking fund for the redemption of any such securities by the Corporation;
and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(iii) &nbsp;&nbsp;&nbsp;&nbsp;no Parity Shares shall be
repurchased, redeemed or otherwise acquired for consideration by the Corporation, other than pursuant to pro rata offers to purchase
all, or a pro rata portion, of the Series A Preferred Shares and such Parity Shares, except by conversion into or exchange for
Junior Shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(h) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;When dividends are not paid in full
upon the Series A Preferred Shares and Parity Shares, if any, all dividends declared upon Series A Preferred Shares and Parity
Shares, if any, will be declared on a proportional basis so that the amount of dividends declared per share will bear to each other
the same ratio that accrued dividends for the Series A Preferred Shares, and accrued dividends, including any accumulations, on
Parity Shares, if any, bear to each other for the then-current Dividend Period.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(i) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to the foregoing provisions
of Section 4(g) and 4(h), and not otherwise, dividends (payable in cash, stock or otherwise), as may be determined by the Board
of Directors or a duly authorized committee of the Board of Directors, may be declared and paid on the Common Shares and any other
Junior Shares or any Parity Shares from time to time out of any assets legally available for such payment, and the Holders of Series
A Preferred Shares shall not be entitled to participate in any such dividend.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(j) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividends on the Series A Preferred
Shares will not be declared, paid or set aside for payment to the extent such act would cause the Corporation to fail to comply
with applicable laws and regulations, including applicable capital adequacy guidelines.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(k) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments of cash for dividends will
be delivered to the Holders at their addresses listed in the stock record books maintained by the Transfer Agent.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 5.
<U>Liquidation Preference</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event of any liquidation, dissolution
or winding up of the Corporation, whether voluntary or involuntary, each Holder shall be entitled to receive, out of the assets
of the Corporation or proceeds thereof (whether capital or surplus) available for distribution to shareholders of the Corporation,
subject to the prior rights of holders of any Senior Shares, the Liquidation Preference for each outstanding Series A Preferred
Share held by such Holder, plus any declared but unpaid dividends (subject to the prior approval of the Federal Reserve, if required),
but without accumulation of any undeclared dividends, without interest to the date fixed for such liquidation, dissolution or winding
up, in preference to the holders of, and before any payment or distribution is made on (or any setting apart for any payment or
distribution), any Junior Shares, including, without limitation, on any Common Shares. After the payment to the Holders of the
full amount of such liquidating distribution for each outstanding Series A Preferred Share, such Holders shall not be entitled
to convert any Series A Preferred Shares into Common Shares and shall not be entitled to any further participation in distributions
of, and shall have no right or claim to, any of the remaining assets of the Corporation in respect of the Series A Preferred Shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neither (i) the sale, lease, exchange
or conveyance for cash, securities or other property of all or substantially all the assets of the Corporation (other than in connection
with the voluntary or involuntary liquidation, dissolution or winding up of the Corporation) nor (ii) the merger, consolidation
or share exchange of the Corporation into or with any other Person shall be deemed to be a liquidation, dissolution or winding
up of the Corporation, voluntary or involuntary, for the purposes of this Section 5.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(c) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event the assets of the Corporation legally available
for distribution to the Holders upon any liquidation, dissolution or winding up of the Corporation, whether voluntary or involuntary,
shall be insufficient to pay in full all amounts to which such Holders are entitled pursuant to Section 5(a), no such distribution
shall be made on account of any Liquidation Parity Shares upon such liquidation, dissolution or winding up of the Corporation unless
proportionate distributable amounts shall be paid with equal priority on account of the Series A Preferred Shares, ratably, in
proportion to the full distributable amounts for which Holders of the Series A Preferred Shares and holders of any Liquidation
Parity Shares are entitled upon such liquidation, dissolution or winding up of the Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(d) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All distributions made with respect to the Series A
Preferred Shares in connection with any liquidation, dissolution or winding up of the Corporation shall be made pro rata to the
Holders.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 6. <U>Redemption</U>. The Series A Preferred Shares
are not redeemable at the option of the Corporation at any time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 7. <U>Voting Rights</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Series A Preferred Shares shall
have no voting rights except as set forth in this Section 7 and as otherwise required by Ohio law from time to time. Except as
otherwise provided in this Section 7, in exercising any such voting rights, each Holder shall be entitled to one vote for each
Series A Preferred Share held by such Holder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;So long as any Series A Preferred Shares
remain outstanding, unless a greater percentage shall then be required by law, the affirmative vote or consent of the Holders of
at least two-thirds of all of the Series A Preferred Shares at the time outstanding, voting separately as a class, shall be required
to:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(i) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;amend, alter or repeal any
provision of the Corporation&rsquo;s Articles (including the provisions hereof creating the Series A Preferred Shares), if the
amendment, alteration or repeal of the Articles would materially and adversely affect the rights, preferences, powers or privileges
of the Series A Preferred Shares;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(ii) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;create, authorize, issue
or increase the authorized or issued amount of any class or series of any of the Corporation&rsquo;s equity securities, or any
warrants, options or other rights convertible or exchangeable into any class or series of any of the Corporation&rsquo;s equity
securities, which would constitute Senior Shares or Parity Shares or reclassify any authorized shares of the Corporation into any
such shares, or create, authorize or issue any obligation or security convertible into, exchangeable or exercisable for, or evidencing
the right to purchase any such shares; or</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(iii) &nbsp;&nbsp;&nbsp;&nbsp;enter into or consummate
any (A) reclassification of the outstanding Common Shares (other than a change in par value, or from no par value to par value,
or from par value to no par value), (B) consolidation, merger or share exchange of the Corporation with or into another Person
or any merger, consolidation or share exchange of another Person with or into the Corporation (other than a consolidation, merger
or share exchange in which the Corporation is the resulting or surviving Person and which does not result in any reclassification
of the outstanding Common Shares), or (C) sale, lease or other disposition to another Person of all or substantially all of the
assets of the Corporation (computed on a consolidated basis), other than to one or more of the Corporation&rsquo;s subsidiaries
(any of the foregoing, a &ldquo;<U>Reorganization Event</U>&rdquo;); provided, however, that the Holders will have no right to
vote under this Section 7 regarding the Corporation&rsquo;s entry into or consummation of a Reorganization Event if, upon the consummation
of the Reorganization Event, (I)&nbsp;the Series A Preferred Shares remain outstanding or, in the case of any such merger or consolidation
with respect to which the Corporation is not the surviving or resulting entity, are converted into or exchanged for preference
securities of the surviving or resulting entity or its ultimate parent, and (II)&nbsp;such Series A Preferred Shares remaining
outstanding or such preference securities, as the case may be, have such rights, preferences, privileges and voting powers, taken
as a whole, as are not materially less favorable to the holders thereof than the rights, preferences, privileges and voting powers
of the Series A Preferred Shares, taken as a whole.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Notwithstanding the foregoing, except as otherwise
required by law, the Corporation may, without the consent of any Holder, (x) authorize, increase the authorized amount of, or issue
Parity Shares (provided that dividend rights are noncumulative) and Junior Shares or (y) increase the amount of authorized Series
A Preferred Shares or issue any additional Series A Preferred Shares; provided, however, that with respect to clause (x), such
Parity Shares or Junior Shares, as the case may be, do not rank senior to the Series A Preferred Shares as to dividend rights or
rights upon liquidation, dissolution or winding up of the Corporation.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 8. <U>Conversion Rights</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Holder shall have the right (the
&ldquo;<U>Conversion Right</U>&rdquo;), at such Holder&rsquo;s option, exercisable at any time and from time to time from the Issue
Date, to convert, subject to the terms and provisions of Section 6 and this Section 8, any or all of such Holder&rsquo;s Series
A Preferred Shares (including any fraction thereof) into such whole number of Common Shares per Series A Preferred Share as is
equal to the Conversion Ratio in effect on the date of conversion, plus cash in lieu of any fractional Common Share as provided
in Section 10. Notwithstanding anything to the contrary set forth herein, each Holder shall be entitled to convert Series A Preferred
Shares pursuant to this Section 8, or receive Common Shares upon any such conversion, to the extent (but only to the extent) that
such conversion or receipt would not cause or result in such Holder and its Affiliates, collectively, being deemed to own, control
or have the power to vote, for purposes of the BHC Act or the CIBC Act, and any rules and regulations promulgated thereunder, 10%
or more of any class of Voting Securities of the Corporation outstanding at such time (it being understood, for the avoidance of
doubt, that no Security shall be included in any such percentage calculation to the extent that it cannot by its terms be converted
into or exercised for Voting Securities by such Holder or its Affiliates at the time of such measurement or transfer).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A Holder of Series A Preferred Shares
must complete each of the following procedures to exercise the Conversion Right:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;complete, manually sign and
deliver to the Transfer Agent a written notice in the form provided by the Transfer Agent indicating that the Holder elects to
convert the number of such Holder&rsquo;s Series A Preferred Shares (including any fraction thereof) specified in such notice;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Series A Preferred
Shares that the Holder wishes to convert are represented by one or more physical certificates, surrender such physical certificate(s)
to the Transfer Agent;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(iii) &nbsp;&nbsp;&nbsp;if required by the Corporation
or the Transfer Agent, furnish appropriate endorsements and transfer documents; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(iv) &nbsp;&nbsp;&nbsp;if required, pay all transfer
or similar taxes.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The date on which a Holder complies with
the applicable procedures set forth in Section 8(b) is the &ldquo;<U>Conversion Date</U>.&rdquo; Immediately prior to the close
of business on the Conversion Date, each converting Holder shall be deemed to be the holder of record of Common Shares issuable
upon conversion of such Holder&rsquo;s Series A Preferred Shares notwithstanding that the share register of the Corporation shall
then be closed or that, if applicable, physical certificates representing such Common Shares shall not then be actually delivered
to such Holder. On the Conversion Date, all rights of any Holder with respect to the Series A Preferred Shares so converted, including
the rights, if any, to receive distributions of the Corporation&rsquo;s assets (including, but not limited to, the Liquidation
Preference) or notices from the Corporation, will terminate, except only for the rights of any such Holder to (i) receive physical
certificates (if applicable) for the number of fully paid and non-assessable whole Common Shares into which such Series A Preferred
Shares have been converted and cash in lieu of any fractional share as provided in Section 10, and (ii) exercise the rights to
which such Holder is entitled as a holder of Common Shares into which such Series A Preferred Shares have been converted.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Transfer Agent shall, on a Holder&rsquo;s
behalf, convert the Series A Preferred Shares into Common Shares, in accordance with the terms of the notice delivered by such
Holder described in Section 8(b)(i)&nbsp;above. The Common Shares and cash in lieu of any fractional share due to a Holder surrendering
physical certificates shall be delivered to the Holder and each surrendered physical certificate shall be canceled and retired.
In the event that the Holders shall not by written notice designate the name in which Common Shares and/or cash, securities or
other property (including payments of cash in lieu of fractional shares) to be issued or paid upon conversion of Series A Preferred
Shares should be registered or paid or the manner in which such shares should be delivered, the Corporation shall be entitled to
register and deliver such shares, and make such payment, in the name of the Holders and in the manner shown on the records of the
Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(e) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Conversion Date occurs on or
before the close of business on a Dividend Record Date, the Holder shall not be entitled to receive any portion of the dividend
declared on such converted Series A Preferred Shares and paid or payable on the corresponding Dividend Payment Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(f) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Conversion Date occurs after
a Dividend Record Date but prior to the corresponding Series A Dividend Payment Date, the Holder on the Dividend Record Date shall
receive on that Dividend Payment Date dividends declared and paid on those Series A Preferred Shares, notwithstanding the conversion
of those Series A Preferred Shares prior to that Dividend Payment Date, because that Holder shall have been the Holder of record
on the corresponding Dividend Record Date. However, at the time that such holder surrenders the Series A Preferred Shares for conversion,
the holder shall pay to the Corporation an amount equal to the dividend that has been paid, or will be paid, on the related Series
A Dividend Payment Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(g) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A Holder of Series A Preferred Shares
on a Dividend Record Date who exercises such Holder&rsquo;s Conversion Right and converts such Series A Preferred Shares into Common
Shares on or after the corresponding Dividend Payment Date shall be entitled to receive the dividend declared on such Series A
Preferred Shares and paid or payable on such Series A Dividend Payment Date, and the converting Holder need not include payment
of the amount of such dividend upon surrender for conversion of those Series A Preferred Shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(h) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Corporation shall reserve out of
its authorized but unissued Common Shares, sufficient Common Shares to provide for the conversion of Series A Preferred Shares
from time to time as such Series A Preferred Shares are presented for conversion. The Corporation shall take all action necessary
so that all Common Shares that may be issued upon conversion of Series A Preferred Shares will upon issue be validly issued, fully
paid and nonassessable, and free from all liens and charges in respect of the issuance or delivery thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(i) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any Series A Preferred Shares are
to be converted by the Corporation pursuant to Section 9, such Holder&rsquo;s right to voluntarily convert such Holder&rsquo;s
Series A Preferred Shares as provided in this Section 8 shall terminate at 5:00 p.m., New York City time, on the Trading Day immediately
preceding the Corporation Conversion Option Date, and dividends on the Series A Preferred Shares will thereafter cease to be payable
and all other rights of the Holders will terminate, except for the right to receive the Common Shares and cash in lieu of fractional
shares.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 9. <U>Corporation Conversion Option</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At any time on or after the fifth anniversary
of the Issue Date, the Corporation shall have the option to require the Holders to convert all of the outstanding Series A Preferred
Shares into that number of Common Shares that are issuable at the Conversion Ratio then in effect (the &ldquo;<U>Corporation Conversion
Option</U>&rdquo;). The Corporation may exercise the Corporation Conversion Option only if: (i) the Closing Sale Price equals or
exceeds 120% of the Conversion Price then in effect for at least 20 Trading Days in a period of 30 consecutive Trading Days (including
the last Trading Day of such period) ending on the fifth Trading Day immediately prior to the Corporation&rsquo;s issuance of a
press release announcing its intent to exercise the Corporation Conversion Option on the Series A Preferred Shares in accordance
with Section 9(b); and (ii) the Corporation has declared and paid full dividends for four consecutive quarters prior to the issuance
of such press release.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To exercise the Corporation Conversion
Option pursuant to this Section 9, the Corporation shall issue a press release for publication on a newswire service in accordance
with the federal securities laws or the rules of any stock exchange on which the Series A Preferred Shares or the Common Shares
are then listed or traded, and in any case by first class mail to each Holder, providing the relevant information to the public
prior to the opening of business on the fifth Trading Day following any date on which the conditions set forth in Section 9(a)
shall have been satisfied, announcing the Corporation&rsquo;s intention to exercise the Corporation Conversion Option. The Corporation
shall also give notice by mail or by publication (with subsequent prompt notice by mail) to the Holders (not more than ten Trading
Days after the date of the press release) of the exercise of the Corporation Conversion Option announcing the Corporation&rsquo;s
intention to convert the Series A Preferred Shares (&ldquo;<U>Corporation Conversion Notice</U>&rdquo;). The conversion date (the
&ldquo;<U>Corporation Conversion Option Date</U>&rdquo;) shall be on the date that the Corporation issues such press release, and
the date of the issuance of the press release shall be the record date for such conversion. In addition to any information required
by applicable law or regulation, the press release and the Corporation Conversion Notice shall state, as appropriate:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(i) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Corporation Conversion
Option Date;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(ii) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the number of Common Shares
to be issued upon conversion of each Series A Preferred Share; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(iii) &nbsp;&nbsp;&nbsp;&nbsp;that dividends on the Series
A Preferred Shares to be converted shall cease to accrue for that Dividend Period on the Corporation Conversion Option Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(c) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon exercise of the Corporation Conversion
Option and the surrender of Series A Preferred Shares by a Holder thereof, the Corporation shall issue and shall deliver or cause
to be issued and delivered to such Holder, or to such other Person on such Holder&rsquo;s written order (i) certificates representing
the number of validly issued, fully paid and non-assessable whole Common Shares to which a Holder of Series A Preferred Shares
being converted, or a Holder&rsquo;s transferee, shall be entitled and (ii) cash in lieu of any fractional Common Share as provided
in Section 10.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(d) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each conversion shall be deemed to have
been made at the close of business on the Corporation Conversion Option Date so that the rights of the Holder shall cease except
for the right to receive the number of fully paid and non-assessable Common Share at the Conversion Ratio (subject to adjustment
in accordance with the provisions of Section 11), and cash in lieu of fractional shares as provided in Section 10, and the Person
entitled to receive Common Shares shall be treated for all purposes as having become the record holder of those Common Shares at
that time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(e) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Corporation exercises the Corporation
Conversion Option and the Corporation Conversion Option Date is a date that is prior to the close of business on any Dividend Record
Date, the Holder shall not be entitled to receive any portion of the dividend payable for such Dividend Period on such converted
shares on the corresponding Dividend Payment Date.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(f) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Corporation exercises the Corporation
Conversion Option and the Corporation Conversion Option Date is a date that is after the close of business on any Dividend Record
Date and prior to the close of business on the corresponding Dividend Payment Date, all dividends for that Dividend Period with
respect to the Series A Preferred Shares called for conversion on such date shall be payable on such Dividend Payment Date to the
record holder of such shares on such record date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 10. <U>No Fractional Shares Upon
Conversion</U>. No fractional Common Shares or securities representing fractional Common Shares shall be issued upon any conversion
of any Series A Preferred Shares. If more than one Series A Preferred Share held by the same Holder shall be subject to conversion
at one time, the number of whole Common Shares issuable upon conversion thereof shall be computed on the basis of the aggregate
Liquidation Preference of all of such Series A Preferred Shares as of the conversion date. If the conversion of one or more Series
A Preferred Shares results in a fraction of a Common Share, an amount equal to such fraction multiplied by the Market Value shall
be paid to such Holder in cash by the Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section&nbsp;11. <U>Anti-Dilution Adjustments</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any adjustment to the Conversion Price
shall result in a change in the Conversion Ratio. The Conversion Price shall be subject to the following adjustments; provided,
however, that notwithstanding anything to the contrary set forth herein, any adjustment to the Conversion Price to be made pursuant
to this Section 11 shall be made to the extent (but only to the extent) that such adjustment would not cause or result in any Holder
and its Affiliates, collectively, being deemed to own, control or have the power to vote, for purposes of the BHC Act or the CIBC
Act and any rules and regulations promulgated thereunder, Voting Securities which (assuming, for this purpose only, full conversion
and/or exercise of all such securities) would represent 10% or more of any class of Voting Securities of the Corporation outstanding
at such time; provided, further, however, that any adjustment (or portion thereof) prohibited pursuant to this Section&nbsp;11(a)
shall be postponed and implemented on the first date on which such implementation would not result in the condition described above
in this Section&nbsp;11(a):</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(i) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Dividends and Distributions
of Common Shares</U>. If the Corporation pays dividends or other distributions on the Common Shares in Common Shares, then the
Conversion Price will be adjusted by multiplying the Conversion Price in effect at 5:00 p.m., New York City time, on the Trading
Day immediately prior to the Ex-Date for such dividend or distribution by the following fraction:&nbsp;</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;OS<SUB>0</SUB></U></FONT><U>&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt">OS<SUB>1</SUB></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; font-size: 10pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in">Where,</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 60%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">OS<SUB>0</SUB></FONT></TD>
    <TD STYLE="width: 4%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">=</FONT></TD>
    <TD STYLE="width: 88%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">the number of Common Shares outstanding immediately prior to Ex-Date for such dividend or distribution.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">OS<SUB>1</SUB></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">=</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">the sum of the number of Common Shares outstanding immediately prior to the Ex-Date for such dividend or distribution plus the total number of Common Shares constituting such dividend or distribution.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 1in">The adjustment pursuant to this clause
(i)&nbsp;shall become effective at 9:00 a.m., New York City time on the Ex-Date for such dividend or distribution. For the purposes
of this clause (i), the number of Common Shares at the time outstanding shall not include shares held in treasury by the Corporation.
If any dividend or distribution described in this clause (i)&nbsp;is declared but not so paid or made, the Conversion Price shall
be readjusted, effective as of the date the Board of Directors publicly announces its decision not to make such dividend or distribution,
to such Conversion Price that would be in effect if such dividend or distribution had not been declared.</P>

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

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

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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(ii) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Subdivisions, Splits and
Combination of Common Shares</U>. If the Corporation subdivides, splits or combines the Common Shares, then the Conversion Price
will be adjusted by multiplying the Conversion Price in effect at 5:00 p.m., New York City time, on the Trading Day immediately
prior to the effective date of such subdivision, split or combination by the following fraction:&nbsp;&nbsp;</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;OS<SUB>0</SUB></U></FONT><U>&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt">OS<SUB>1</SUB></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; font-size: 10pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in">Where,</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 60%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">OS<SUB>0</SUB></FONT></TD>
    <TD STYLE="width: 4%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">=</FONT></TD>
    <TD STYLE="width: 88%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">the number of Common Shares outstanding immediately prior to the effective date of such subdivision, split or combination.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">OS<SUB>1</SUB></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">=</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">the number of Common Shares outstanding immediately after the opening of business on the effective date of such subdivision, split or combination.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 1in">The adjustment pursuant to this clause
(ii)&nbsp;shall become effective at 9:00 a.m., New York City time on the effective date of such subdivision, split or combination.
For the purposes of this clause (ii), the number of Common Shares at the time outstanding shall not include shares held in treasury
by the Corporation. If any subdivision, split or combination described in this clause (ii)&nbsp;is announced but the outstanding
Common Shares are not subdivided, split or combined, the Conversion Price shall be readjusted, effective as of the date the Board
of Directors publicly announces its decision not to subdivide, split or combine the outstanding Common Shares, to such Conversion
Price that would be in effect if such subdivision, split or combination had not been announced.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(iii) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Issuance of Stock Purchase
Rights</U>. If the Corporation issues to all holders of the Common Shares rights or warrants (other than rights or warrants issued
pursuant to a dividend reinvestment plan or share purchase plan or other similar plans) entitling them, for a period of up to 45
days from the date of issuance of such rights or warrants, to subscribe for or purchase the Common Shares at less than the Market
Value on the date fixed for the determination of shareholders entitled to receive such rights or warrants, then the Conversion
Price will be adjusted by multiplying the Conversion Price in effect at 5:00 p.m., New York City time, on the Trading Day immediately
prior to the Ex-Date for such issuance by the following fraction:&nbsp;&nbsp;</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">OS<SUB>0
    </SUB>+ Y&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">OS<SUB>0 </SUB>+ X</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in">Where,</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 60%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">OS<SUB>0</SUB></FONT></TD>
    <TD STYLE="width: 4%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">=</FONT></TD>
    <TD STYLE="width: 88%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">the number of Common Shares outstanding immediately prior to the Ex-Date for such distribution.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">X</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">=</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">the total number of Common Shares issuable pursuant to such rights or warrants.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Y</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">=</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">the number of Common Shares equal to the aggregate price payable to exercise such rights or warrants divided by the Market Value as of the date immediately prior to the Ex-Date for such distribution.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 1in">&nbsp;</P>

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

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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 1in">Any adjustment pursuant to this clause
(iii)&nbsp;shall become effective immediately prior to 9:00 a.m., New York City time, on the Ex-Date for such issuance. For the
purposes of this clause (iii), the number of Common Shares at the time outstanding shall not include shares held in treasury by
the Corporation. The Corporation shall not issue any such rights or warrants in respect of Common Shares held in treasury by the
Corporation. In the event that such rights or warrants described in this clause (iii)&nbsp;are not so issued, the Conversion Price
shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to issue such rights or
warrants, to the Conversion Price that would then be in effect if such issuance had not been declared. To the extent that such
rights or warrants are not fully exercised prior to their expiration or Common Shares are otherwise not delivered pursuant to such
rights or warrants upon the exercise of such rights or warrants, the Conversion Price shall be readjusted to such Conversion Price
that would then be in effect had the adjustment made upon the issuance of such rights or warrants been made on the basis of the
delivery of only the number of Common Shares actually delivered. In determining the aggregate exercise price payable for such Common
Shares, there shall be taken into account any cash and non-cash consideration received for such rights or warrants and the value
of any such non-cash consideration shall be reasonably determined by the Board of Directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(iv) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Debt or Asset Distributions</U>.
If the Corporation distributes to all holders of Common Shares evidences of indebtedness, shares of capital stock, securities,
cash or other assets (excluding any dividend or distribution referred to in clause (i)&nbsp;above, any rights or warrants referred
to in clause (iii)&nbsp;above, any dividend or distribution paid exclusively in cash, any consideration payable in connection with
a tender or exchange offer made by the Corporation or any of its subsidiaries, and any dividend of shares of capital stock of any
class or series, or similar equity interests, of or relating to a subsidiary or other business unit in the case of certain spinoff
transactions as described below), then the Conversion Price will be adjusted by multiplying the Conversion Price in effect at 5:00&nbsp;p.m.,
New York City time, on the Trading Day immediately prior to the Ex-Date for such distribution by the following fraction:&nbsp;&nbsp;</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><U>&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">SP<SUB>0
    </SUB>- FMV &nbsp;&nbsp;</FONT></U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">SP<SUB>0</SUB></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in">Where,</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 60%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">SP<SUB>0</SUB></FONT></TD>
    <TD STYLE="width: 4%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">=</FONT></TD>
    <TD STYLE="width: 88%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">the Market Value per Common Share on such date.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">FMV</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">=</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">the fair market value of the portion of the distribution applicable to one Common Share on such date as reasonably determined by the Board of Directors.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">&nbsp;</P>

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

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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">In a &ldquo;spin-off&rdquo;, where
the Corporation makes a distribution to all holders of Common Shares consisting of capital stock of any class or series, or similar
equity interests of, or relating to, a subsidiary or other business unit, the Conversion Price will be adjusted on the 15<SUP>th</SUP>
Trading Day after the effective date of the distribution by multiplying such Conversion Price in effect immediately prior to such
15<SUP>th</SUP> Trading Day by the following fraction:&nbsp;&nbsp;</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;MP<SUB>0</SUB></U></FONT><U>&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">MP<SUB>0 </SUB>+ MP<SUB>S</SUB></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in">Where,</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 60%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">MP<SUB>0</SUB></FONT></TD>
    <TD STYLE="width: 4%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">=</FONT></TD>
    <TD STYLE="width: 88%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">the average of the Closing Sales Prices of the Common Shares over the first 10 Trading Days commencing on and including the fifth Trading Day following the effective date of such distribution.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">MP<SUB>S</SUB></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">=</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">the average of the Closing Sales Prices of the capital stock or equity interests representing the portion of the distribution applicable to one Common Share over the first 10 Trading Days commencing on and including the fifth Trading Day following the effective date of such distribution.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">Any adjustment pursuant to this clause
(iv)&nbsp;shall become effective immediately prior to 9:00 a.m., New York City time, on the Ex-Date for such distribution. In the
event that such distribution described in this clause (iv)&nbsp;is not so paid or made, the Conversion Price shall be readjusted,
effective as of the date the Board of Directors publicly announces its decision not to pay or make such dividend or distribution,
to the Conversion Price that would then be in effect if such distribution had not been declared.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(v) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Cash Distributions</U>.
If the Corporation makes a distribution consisting exclusively of cash to all holders of Common Shares, excluding (A)&nbsp;any
regular cash dividend on the Common Shares to the extent that the aggregate cash dividends per Common Share does not exceed $0.05
in any fiscal quarter, (B)&nbsp;any cash that is distributed in a Reorganization Event or as part of a &ldquo;spin-off&rdquo; referred
to in clause (iv)&nbsp;above, (C)&nbsp;any dividend or distribution in connection with the Corporation&rsquo;s liquidation, dissolution
or winding up, and (D)&nbsp;any consideration payable in connection with a tender or exchange offer made by the Corporation or
any of its subsidiaries, then in each event, the Conversion Price will be adjusted by multiplying the Conversion Price in effect
at 5:00 p.m., New York City time, on the Trading Day immediately prior to the Ex-Date for such distribution by the following fraction:&nbsp;&nbsp;</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;SP<SUB>0
</SUB>- DIS&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">SP<SUB>0 </SUB></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in">Where,</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 60%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">SP<SUB>0</SUB></FONT></TD>
    <TD STYLE="width: 4%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">=</FONT></TD>
    <TD STYLE="width: 88%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">the Closing Sales Price per Common Share on the Trading Day immediately preceding the Ex-Date.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">DIS</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">=</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">the amount per Common Share of the distribution (or, in the case of a regular cash dividend, the amount of the aggregate cash dividend in any quarter which is in excess of $0.05 per Common Share).</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">Any adjustment pursuant to this clause
(v)&nbsp;shall become effective immediately prior to 9:00 a.m., New York City time, on the Ex-Date for such dividend or distribution.
In the event that any distribution described in this clause (v)&nbsp;is not so made, the Conversion Price shall be readjusted,
effective as of the date the Board of Directors publicly announces its decision not to pay such distribution, to the Conversion
Price which would then be in effect if such distribution had not been declared.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(vi) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Self Tender Offers and
Exchange Offers</U>. If the Corporation or any of its subsidiaries successfully completes a tender or exchange offer for the Common
Shares where the cash and the value of any other consideration included in the payment per Common Share exceeds the Closing Sales
Price per Common Share on the Trading Day immediately succeeding the expiration of the tender or exchange offer, then the Conversion
Price will be adjusted by multiplying the Conversion Price in effect at 5:00 p.m., New York City time, on the expiration date of
the offer by the following fraction:&nbsp;&nbsp;</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;OS<SUB>0
    </SUB>* SP<SUB>0</SUB>&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">AC + (SP<SUB>0 </SUB>* OS<SUB>1</SUB>)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in">Where,</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 60%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">SP<SUB>0</SUB></FONT></TD>
    <TD STYLE="width: 4%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">=</FONT></TD>
    <TD STYLE="width: 88%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">the Closing Sales Price per Common Share on the Trading Day immediately succeeding the expiration of the tender or exchange offer.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">OS<SUB>0</SUB></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">=</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">the number of Common Shares outstanding immediately prior to the expiration of the tender or exchange offer, including any shares validly tendered and not withdrawn.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">OS<SUB>1</SUB></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">=</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">the number of Common Shares outstanding immediately after the expiration of the tender or exchange offer.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">AC</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">=</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">the aggregate cash and fair market value of the other consideration payable in the tender or exchange offer, as reasonably determined by the Board of Directors.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">Any adjustment made pursuant to this
clause (vi)&nbsp;shall become effective immediately prior to 9:00 a.m., New York City time, on the Trading Day immediately following
the expiration of the tender or exchange offer. For the purposes of this clause (vi), the number of Common Shares at the time outstanding
shall not include shares held in treasury by the Corporation. In the event that the Corporation or one of its subsidiaries is obligated
to purchase Common Shares pursuant to any such tender offer or exchange offer, but the Corporation or such subsidiary is permanently
prevented by applicable law from effecting any such purchases, or all such purchases are rescinded, then the Conversion Price shall
be readjusted to be such Conversion Price that would then be in effect if such tender offer or exchange offer had not been made.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(vii) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Rights Plans</U>. To
the extent that the Corporation has a rights plan in effect with respect to the Common Shares on any Conversion Date, upon conversion
of any Series A Preferred Shares, the Holders will receive, in addition to the Common Shares, the rights under the rights plan,
unless, prior to such Conversion Date, the rights have separated from the Common Shares, in which case the Conversion Price will
be adjusted at the time of separation as if the Corporation had made a distribution to all holders of Common Shares as described
in clause (iv)&nbsp;above, subject to readjustment in the event of the expiration, termination or redemption of such rights.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All adjustments to the Conversion
Price shall be calculated to the nearest 1/10th of a cent. No adjustment in the Conversion Price shall be required if such adjustment
would be less than $0.01; provided that any adjustments which by reason of this subparagraph are not required to be made shall
be carried forward and taken into account in any subsequent adjustment; provided, further, that on any Conversion Date adjustments
to the Conversion Price will be made with respect to any such adjustment carried forward and which has not been taken into account
before such date.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(ii) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No adjustment to the Conversion
Price shall be made if the Holders may participate in the transaction that would otherwise give rise to an adjustment, as a result
of holding the Series A Preferred Shares (including without limitation pursuant to Section&nbsp;4(b) hereof), without having to
convert the Series A Preferred Shares, as if they held the full number of Common Shares into which a Series A Preferred Share may
then be converted.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(c) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whenever the Conversion Price is to
be adjusted in accordance with Section 11(a), the Corporation shall: (i)&nbsp;compute the Conversion Price in accordance with Section
11(a), taking into account the $0.01 threshold set forth in Section 11(b) hereof; (ii)&nbsp;as soon as practicable following the
occurrence of an event that requires an adjustment to the Conversion Price pursuant to Section 11(a), taking into account the $0.01
threshold set forth in Section 11(b) hereof (or if the Corporation is not aware of such occurrence, as soon as practicable after
becoming so aware), provide, or cause to be provided, a written notice to the Holders of the occurrence of such event; and (iii)&nbsp;as
soon as practicable following the determination of the revised Conversion Price in accordance with Section 11(a) hereof, provide,
or cause to be provided, a written notice to the Holders setting forth in reasonable detail the method by which the adjustment
to the Conversion Price was determined and setting forth the revised Conversion Price.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(d) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event of any Reorganization Event,
each Series A Preferred Share thereafter remaining outstanding, if any, shall thereafter, without the consent of any Holder, become
convertible at any time, at the option of the Holder thereof, or pursuant to and in accordance with the Corporation Conversion
Option, only into the kind and amount of securities (of the Corporation or another issuer), cash and other property receivable
upon such Reorganization Event by a holder of the number of Common Shares into which such Series A Preferred Share could have been
converted immediately prior to such Reorganization Event, after giving effect to any adjustment event. The provisions of this Section
11(d) and any equivalent thereof in any such securities similarly shall apply to successive Reorganization Events. None of the
provisions of this Section 11(d) shall affect the right of a Holder to convert the Holder&rsquo;s Series A Preferred Shares into
Common Shares prior to the effective date of a Reorganization Event.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section&nbsp;12. <U>Form</U>. Series A Preferred
Shares may be issued in the form of physical certificates or in book entry form through the direct registration system of the Transfer
Agent.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 13. <U>No Preemptive Rights</U>.
The holders of Series A Preferred Shares shall have no preemptive rights with respect to any shares of the Corporation&rsquo;s
capital stock or any of its other securities convertible into or carrying rights or options to purchase any such capital stock.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Section 14. <U>Other Provisions</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to any notice to a Holder
required to be provided hereunder, such notice shall be mailed to the registered address of such Holder, and neither failure to
mail such notice, nor any defect therein or in the mailing thereof, to any particular Holder shall affect the sufficiency of the
notice or the validity of the proceedings referred to in such notice with respect to the other Holders or affect the legality or
validity of any conversion, distribution, rights, warrant, reclassification, consolidation, merger, conveyance, transfer, dissolution,
liquidation, winding up or other action, or the vote upon any action with respect to which the Holders are entitled to vote. All
notice periods referred to herein shall commence on the date of the mailing of the applicable notice. Any notice which was mailed
in the manner herein provided shall be conclusively presumed to have been duly given whether or not the Holder receives the notice.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Liquidation Preference and the annual
dividend rate set forth in Section 4(a) shall be subject to adjustment whenever there shall occur a stock split, combination, reclassification
or other similar event involving Series A Preferred Shares. Such adjustments shall be made in such manner and at such time as the
Board of Directors of the Corporation in good faith determines to be equitable in the circumstances, any such determination to
be evidenced in a resolution. Upon any such equitable adjustment, the Corporation shall promptly deliver to the Transfer Agent
and each Holder an Officers&rsquo; Certificate attaching and certifying the resolution of the Board of Directors, describing in
reasonable detail the event requiring the adjustment and the method of calculation thereof and specifying the increased or decreased
Liquidation Preference or annual dividend rate in effect following such adjustment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(c) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All issued Series A Preferred Shares
shall be deemed outstanding except (i) from the date of surrender of certificates representing Series A Preferred Shares, all Series
A Preferred Shares converted into Common Shares; and (ii) from the date of registration of transfer, all Series A Preferred Shares
held of record by the Corporation or any subsidiary of the Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(d) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In case, at any time while any of the
Series A Preferred Shares are outstanding:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(i) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Corporation shall declare
a dividend (or any other distribution) on its Common Shares or any other Junior Shares other than a regular cash dividend on the
Corporation&rsquo;s Common Shares;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(ii) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Corporation shall authorize
the issuance to all holders of its Common Shares or any Junior Shares of rights or warrants to subscribe for or purchase Common
Shares or of any other subscription rights or warrants;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(iii) &nbsp;&nbsp;&nbsp;&nbsp;There is any Reorganization
Event; or</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">(iv) &nbsp;&nbsp;&nbsp;&nbsp;There is a voluntary or involuntary
dissolution, liquidation or winding up of the Corporation;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">then the Corporation shall cause to be mailed to the Transfer Agent,
if any, for Series A Preferred Shares and the Transfer Agent shall cause to be mailed to the Holders of the outstanding Series
A Preferred Shares at their respective addresses as they appear on the books of the Corporation, at least ten (10) days before
the date hereinafter specified (or the earlier of the dates herein specified, in the event that more than one date is specified),
a notice stating (i) the date on which a record is to be taken for the purpose of such dividend, distribution, rights or warrants,
or, if a record is not to be taken, the date as of which the holders of Common Shares of record to be entitled to such dividend,
distribution, rights or warrants are to be determined, (ii) the date on which any such Reorganization Event, dissolution, liquidation
or winding up is expected to become effective, and the date as of which it is expected that holders of Common Shares of record
shall be entitled to exchange their shares for the applicable consideration, deliverable upon such Reorganization Event, dissolution,
liquidation or winding up or (iii) the date after which the Series A Preferred Shares may be converted into Common Shares at the
option of the Holder pursuant to Section 8(a) hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(e) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The headings of the various sections
and subsections contained herein are for convenience of reference only and shall not affect the interpretation of any of the provisions
hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(f) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as may otherwise be required
by law, the Series A Preferred Shares shall not have any powers, designations, preferences and relative, participating, optional
or other special rights, other than those specifically set forth in this Section I of the Articles.</P>

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

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

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