<SEC-DOCUMENT>0001013762-15-000783.txt : 20150728
<SEC-HEADER>0001013762-15-000783.hdr.sgml : 20150728
<ACCEPTANCE-DATETIME>20150728151750
ACCESSION NUMBER:		0001013762-15-000783
CONFORMED SUBMISSION TYPE:	PRE 14C
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20150814
FILED AS OF DATE:		20150728
DATE AS OF CHANGE:		20150728

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FlexShopper, Inc.
		CENTRAL INDEX KEY:			0001397047
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359]
		IRS NUMBER:				205456087
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		PRE 14C
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-52589
		FILM NUMBER:		151009449

	BUSINESS ADDRESS:	
		STREET 1:		2700 N. MILITARY TRAIL SUITE 200
		CITY:			BOCA RATON
		STATE:			FL
		ZIP:			33431
		BUSINESS PHONE:		(561) 367-1504

	MAIL ADDRESS:	
		STREET 1:		2700 N. MILITARY TRAIL SUITE 200
		CITY:			BOCA RATON
		STATE:			FL
		ZIP:			33431

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Anchor Funding Services, Inc.
		DATE OF NAME CHANGE:	20070419
</SEC-HEADER>
<DOCUMENT>
<TYPE>PRE 14C
<SEQUENCE>1
<FILENAME>pre14c0715_flexshopper.htm
<DESCRIPTION>PRELIMINARY SCHEDULE 14C
<TEXT>
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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>UNITED
STATES</B><BR>
<B>SECURITIES AND EXCHANGE COMMISSION </B><BR>
<B>Washington, D.C. 20549</B></FONT></P>

<P STYLE="font: 18pt/normal Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>SCHEDULE
14C INFORMATION</B></FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>INFORMATION
STATEMENT PURSUANT TO SECTION 14(c)</B><BR>
<B>OF THE SECURITIES EXCHANGE ACT OF 1934</B></FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 8pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Check
the appropriate box:</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 8pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[X]
Preliminary Information Statement</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 8pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[
] Confidential, for Use of the Commission Only (as permitted by Rule 14c-5(d)(2))</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 8pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[
] Definitive Information Statement</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><U>FLEXSHOPPER,
INC.</U></B><BR>
(Name of Registrant as Specified in Charter)</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 8pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Payment
of Filing Fee (Check the appropriate box):</FONT></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[X] </FONT></td>
    <td style="width: 95%; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">No fee required. </FONT></td></tr>
<tr>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[ ] </FONT></td>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Fee computed on table below per Exchange
    Act Rules 14c-5(g) and 0-11. </FONT></td></tr>
<tr>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(1) </FONT></td>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Title of each class of securities to
    which transaction applies: </FONT></td></tr>
<tr>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="border-bottom: black 1pt solid; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td></tr>
<tr>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(2) </FONT></td>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Aggregate number of securities to which
    transaction applies: </FONT></td></tr>
<tr>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="border-bottom: black 1pt solid; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td></tr>
<tr>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td style="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(3) </FONT></td>
    <td style="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Per unit price or
    other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing
    fee is calculated and state how it was determined): </FONT></td></tr>
<tr>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="border-bottom: black 1pt solid; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td></tr>
<tr>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(4) </FONT></td>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Proposed maximum aggregate value of transaction:
    </FONT></td></tr>
<tr>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="border-bottom: black 1pt solid; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td></tr>
<tr>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(5) </FONT></td>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Total fee paid: </FONT></td></tr>
<tr>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="border-bottom: black 1pt solid; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td></tr>
<tr>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[ ] </FONT></td>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Fee paid previously with preliminary
    materials. </FONT></td></tr>
<tr>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td style="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">[ ] </FONT></td>
    <td style="padding-bottom: 8pt; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Check box if any
    part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee
    was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of
    its filing. </FONT></td></tr>
<tr>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(1) </FONT></td>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Amount Previously Paid: </FONT></td></tr>
<tr>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="border-bottom: black 1pt solid; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td></tr>
<tr>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(2) </FONT></td>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Form, Schedule or Registration Statement
    No.: </FONT></td></tr>
<tr>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="border-bottom: black 1pt solid; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td></tr>
<tr>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(3) </FONT></td>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Filing Party: </FONT></td></tr>
<tr>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="border-bottom: black 1pt solid; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td></tr>
<tr>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(4) </FONT></td>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Date Filed: </FONT></td></tr>
<tr>
    <td style="line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td>
    <td style="border-bottom: black 1pt solid; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></td></tr>
</table>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>




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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>2700 North Military Trail, Ste. 200</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Boca Raton, FL 33431</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>(561) 419-2923</B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">IN LIEU OF AN ACTUAL MEETING ON OR ABOUT SEPTEMBER
15, 2015</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt"><B>IMPORTANT NOTICE: </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>THE COMPANY&rsquo;S INFORMATION STATEMENT
CAN BE ACCESSED DIRECTLY AT THE FOLLOWING INTERNET ADDRESS: </B>http://www.cstproxy.com/flexshopper/2015.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Notice is hereby given
to all shareholders that the purpose of this Information Statement is to inform the holders of record, as of the close of business
on August 10, 2015 (the &ldquo;Record Date&rdquo;) of shares of Common Stock and shares of Series 1 Preferred Stock (the &ldquo;Voting
Stock&rdquo;), which have the voting power of FlexShopper, Inc., a Delaware corporation (the &ldquo;Company&rdquo;), that our
Board of Directors on March 26, 2015 approved and on or about September 15, 2015, the holders of a majority of our Voting Stock
(collectively the &ldquo;Consenting Stockholders&rdquo;) are expected to ratify, adopt and approve by written consent in lieu
of an actual meeting the following matters (the &ldquo;Proposals&rdquo;):</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(1)&#9;&nbsp;&nbsp;&nbsp;To ratify, adopt and approve an amendment to the
Company&rsquo;s Certificate of Incorporation and the filing of said amendment with the Secretary of State of the State of Delaware
to increase the authorized number of shares of Common Stock from 65,000,000 shares to 100,000,000 million shares, $.0001 par value.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(2)&#9;&nbsp;&nbsp;&nbsp;To ratify, adopt
and approve the Company&rsquo;s 2015 Omnibus Equity Compensation Plan covering 4,000,000 shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">WE ARE NOT ASKING YOU FOR
A PROXY, AND YOU ARE REQUESTED NOT TO SEND US A PROXY.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Only stockholders of record
at the close of business on the Record Date are entitled to receipt of this Information Statement. No action is required by you.
The Company Information Statement is furnished only to inform our stockholders of the actions described above before they take
place in accordance with Section 228(a) of the Delaware Corporation Law and Rule 14C of the Securities Exchange Act of 1934, as
amended. This Information is first mailed to you on or about August 14, 2015. Please feel free to call us at the phone number set
forth above should you have any questions on the enclosed Information Statement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%">For the Board of Directors
of FlexShopper, Inc.</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>August 14, 2015&#9;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Brad Bernstein, Chief Executive
Officer&nbsp;</P>

</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 2.5in"></P>

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

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




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

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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">THIS INFORMATION STATEMENT IS BEING PROVIDED
TO</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">YOU BY THE BOARD OF DIRECTORS OF THE COMPANY</P>

<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">WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">REQUESTED NOT TO SEND US A PROXY.</P>

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

<P STYLE="color: #343434; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: Black"><B>2700
North Military Trail, Ste. 200</B></FONT></P>

<P STYLE="color: #343434; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: Black"><B>Boca
Raton, FL 33431</B></FONT></P>

<P STYLE="color: #343434; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="color: #343434; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="color: Black"><B>INFORMATION
STATEMENT</B></FONT></P>

<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">August 14, 2015</P>

<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"><B>COPIES OF COMMUNICATIONS TO:</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>1400 Old Country Road, Suite 302</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Westbury, NY 11590</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Phone: 516-487-1446</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Fax: 516-487-1452</B></P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>What is the purpose of this Information
Statement?</B></P>

<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: justify">This Information Statement has been filed
with the Securities and Exchange Commission and is being furnished, pursuant to Section 14C of the Securities Exchange Act of
1934, as amended (the &ldquo;Exchange Act), to the holders (the &ldquo;Stockholders&rdquo;) of the Common Stock and Series 1 Preferred
Stock (collectively the &ldquo;Voting Stock&rdquo;) of FlexShopper, Inc., a Delaware corporation (the &ldquo;Company&rdquo;),
to notify Stockholders that on or about September 15, 2015, the Company anticipates receiving written consents in lieu of an actual
meeting of stockholders from certain holders of at least a majority of the issued and outstanding Voting Stock of the Company
to approve the following Proposals:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 40pt">(1)&#9;&nbsp;&nbsp;To ratify, adopt
and approve an amendment to the Company&rsquo;s Certificate of Incorporation and the filing of said amendment with the Secretary
of State of the State of Delaware to increase the authorized number of shares of Common Stock from 65,000,000 shares to 100,000,000
million shares, $.0001 par value.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 40pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 40pt">(2)&nbsp;&nbsp;&#9;To ratify, adopt and approve the Company&rsquo;s 2015 Omnibus Equity Compensation Plan
covering 4,000,000 shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Accordingly, your consent is not required and
is not being solicited in connection with the approval.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We are not aware of any substantial interest,
direct or indirect, by security holders or otherwise, that is in opposition to matter of action taken. In addition, pursuant to
the laws of Delaware, the action taken by majority written consent in lieu of an actual meeting does not create appraisal or dissenters&rsquo;
rights.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our board of directors has determined to pursue
this stockholder action by majority written consent in lieu of an actual meeting in an effort to reduce the costs and management
time required to hold a meeting of stockholders and to implement the above action for our stockholders in a timely manner.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The above action will become effective no sooner
than 20 calendar days following the mailing to the Stockholders of this Definitive Information Statement.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Who is entitled to notice?</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">All holders of shares of Common Stock and
Series 1 Preferred Stock of record on the close of business on August 10, 2015, the Record Date, are entitled to notice of the
Proposals.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>On what corporate matters will the principal
stockholders vote?</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A total of less than 10 stockholders, who
hold 27,399,434 shares of voting capital stock of the Company on the Record Date, representing 50.7% of the outstanding voting
capital stock (i.e. 53,998,024 shares) and a majority of the issued and outstanding voting capital stock required to vote on the
Proposals. These stockholders intend to vote in favor of the following proposals:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 40pt">(1)&#9;&nbsp;&nbsp;&nbsp;To ratify, adopt
and approve an amendment to the Company&rsquo;s Certificate of Incorporation and the filing of said amendment with the Secretary
of State of the State of Delaware to increase the authorized number of shares of Common Stock from 65,000,000 shares to 100,000,000
million shares, $.0001 par value.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 40pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 40pt">(2)&#9;&nbsp;&nbsp;&nbsp;To
ratify, adopt and approve the Company&rsquo;s 2015 Omnibus Equity Compensation Plan covering 4,000,000 shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>What vote is required to approve the Proposals?</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In order to amend the Certificate of Incorporation
of the Company to increase the authorized shares of Common Stock by written consent, the affirmative vote of a majority of the
outstanding voting capital stock is required. In order to approve the 2015 Omnibus Equity Compensation Plan by written consent,
the affirmative vote of a majority of the outstanding voting capital stock is required.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>WE ARE NOT ASKING YOU FOR A PROXY</B></P>

<P STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AND YOU
ARE REQUESTED NOT TO SEND A PROXY.</B></P>

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

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

<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">&nbsp;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#9;<B>INFORMATION STATEMENT</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Board of Directors
of FlexShopper, Inc. (&ldquo;FlexShopper&rdquo; or &ldquo;the Company&rdquo;) is furnishing this Information Statement to stockholders
on or about August 14, 2015.</P>

<P STYLE="font: 10pt Courier; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This Information Statement
is being furnished to the stockholders of the Company in connection with two Proposals, which are as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(1)&#9;&nbsp;&nbsp;&nbsp;&nbsp;To ratify,
adopt and approve an amendment to the Company&rsquo;s Certificate of Incorporation and the filing of said amendment with the Secretary
of State of the State of Delaware to increase the authorized number of shares of Common Stock from 65,000,000 shares to 100,000,000
million shares, $.0001 par value. (See Exhibit &ldquo;A&rdquo; for a copy of the proposed amendment to the Company&rsquo;s Certificate
of Incorporation.)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(2)&#9;&nbsp;&nbsp;&nbsp;&nbsp;To ratify, adopt
and approve the Company&rsquo;s 2015 Omnibus Equity Compensation Plan covering 4,000,000 shares. (See Exhibit &ldquo;B&rdquo; for
a copy of the 2015 Plan.)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company has authorized
65,000,000 shares of Common Stock and 10,000,000 shares of Preferred Stock. There were outstanding on the Record Date 52,034,907
shares of Common Stock and 339,125 shares of Series 1 Preferred Stock, each of which has the voting right of 5.7877 shares of
Common Stock and together with the outstanding Common Stock are herein referred to as the &ldquo;Voting Stock.&rdquo; The Proposals
contained in the preceding paragraph are expected to be adopted by the written consent of the holders of a majority in interest
in the Company&rsquo;s outstanding Voting Stock and submitted to the Secretary of the Company on or about September 15, 2015 (the
&ldquo;Written Consent Effective Date&rdquo;). If the proposals were not adopted by written consent, it would have been required
to be considered by the Company&rsquo;s stockholders at an annual or special stockholders&rsquo; meeting convened for the specific
purpose of approving the proposals.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The elimination of the
need for an annual or special meeting of stockholders to approve the proposals is made possible by Section 228(a) of the Delaware
General Corporation Law (the &ldquo;Delaware Law&rdquo;) which provides that any action required by this chapter to be taken at
any annual or special meeting of such stockholders of a corporation, or any action which may be taken at any annual or special
meeting of such stockholders, may be taken without a meeting, without prior notice and without a vote, if a consent or consent
in writing, setting forth the action so taken, shall be signed by the holders of outstanding stock having not less than the minimum
number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon
were present and voted and shall be delivered to the corporation by delivery to its registered office in this State, its principal
place of business, or an officer or agent of the corporation having custody of the book in which proceedings of meetings of stockholders
are recorded. In order to eliminate the costs and management time involved in holding an annual or special meeting and in order
to effect the proposals as early as possible in order to accomplish the purposes of the Company, as hereinafter described, the
Board of Directors of the Company voted to utilize the written consent of the holders of a majority in interest of the Company&rsquo;s
outstanding voting capital stock.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The date on which this
Information Statement will first be sent to the stockholders is on or about August 14, 2015. The record date established by the
Company for purposes of determining the number of outstanding shares of Voting Stock of the Company is August 10, 2015 (the &ldquo;Record
Date&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company has provided
to its stockholders of record this Information Statement pursuant to Section 228 of the Delaware Law. Following stockholder approval
of the Proposals stated herein, the Company will notify its stockholders in its Form 8-K of the Written Consent Effective Date
of the Proposals. No additional action will be undertaken pursuant to such written consents, and no dissenters&rsquo; rights under
the Delaware Law are afforded to the Company&rsquo;s stockholders as a result of the adoption of the proposals.</P>

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As of the Record Date,
we have 52,034,907 shares of Common Stock and 339,125 shares of Series&nbsp;1 Preferred Stock issued and outstanding. In this respect,
each one share of Series 1 Preferred Stock has the voting rights of 5.7877 common shares, but is convertible into 6.33 common shares.
Accordingly, the 339,125 shares of Series&nbsp;1 Preferred Stock are convertible into 2,146,662 shares of Common Stock with the
equivalent voting rights of 1,962,754 common shares. The following table sets forth information regarding the economic ownership
of our company Common Stock by:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 72px; text-align: center">&nbsp;&#9679;</TD>
    <TD STYLE="font: 10pt Courier New, Courier, Monospace; text-align: left"><FONT STYLE="font: 10pt/106% Times New Roman, Times, Serif">each of our stockholders who is known by us to beneficially own more than 5% of our Common Stock;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 3pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 72px; text-align: center">&nbsp;&#9679;</TD>
    <TD STYLE="font: 10pt Courier New, Courier, Monospace; text-align: left"><FONT STYLE="font: 10pt/106% Times New Roman, Times, Serif">each of our executive officers;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 3pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 72px; text-align: center">&nbsp;&#9679;</TD>
    <TD STYLE="font: 10pt Courier New, Courier, Monospace; text-align: left"><FONT STYLE="font: 10pt/106% Times New Roman, Times, Serif">each
of our directors; and</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 3pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 72px; text-align: center">&nbsp;&#9679;</TD>
    <TD STYLE="font: 10pt Courier New, Courier, Monospace; text-align: left"><FONT STYLE="font: 10pt/106% Times New Roman, Times, Serif">all
executive officers and directors as a group.</FONT></TD></TR>
</TABLE>
<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-align: justify; text-indent: 0.5in">Beneficial ownership is
determined based on the rules and regulations of the SEC. A person has beneficial ownership of shares if the individual has the
power to vote and/or dispose of shares. This power can be sole or shared, and direct or indirect. In computing the number of shares
beneficially owned by a person and the percentage ownership of that person, shares of Common Stock subject to options held by that
person are counted as outstanding in such cases where the option holder may exercise the options within 60 days of the date hereof.
These shares, however, are not counted as outstanding for the purposes of computing the percentage ownership of any other person.
Except as indicated in the footnotes to the table below, each person named in the table has sole voting and dispositive power with
respect to the shares set forth opposite that person&rsquo;s name. (Note: All addresses of the Company&rsquo;s officers and directors
and Marc Malaga are c/o FlexShopper, Inc. at 2700 North Military Trail, Ste. 200, Boca Raton, FL 33431.)</P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1.5pt solid; font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Name and address of Beneficial Owner</FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt; font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; font-family: Courier New, Courier, Monospace; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Shares of </FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;Common Stock Beneficially Owned</FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt; font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.5pt; font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; font-family: Courier New, Courier, Monospace; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">% of Shares </FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif">of Common Stock </FONT><BR>
<FONT STYLE="font: 10pt Times New Roman, Times, Serif">Beneficially Owned</FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt; font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="width: 74%; font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Morry F. Rubin (1)</FONT></TD>
    <TD STYLE="width: 1%; font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="width: 1%; font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="width: 9%; font-family: Courier New, Courier, Monospace; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">6,980,431</FONT></TD>
    <TD STYLE="width: 1%; font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="width: 1%; font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="width: 1%; font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="width: 9%; font-family: Courier New, Courier, Monospace; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">13.0</FONT></TD>
    <TD STYLE="width: 1%; font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">George Rubin (1)</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">4,896,931</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">9.3</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Ilissa and Brad Bernstein (2)</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3,700,000</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">6.9</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">T. Scott King &nbsp;(3)</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">60,000</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">*</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Carl Pradelli (4)</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">247,500</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">*</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Philip M. Gitler (10)</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">394</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">*</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">All officers and directors as a group (five persons) (5)</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">15,632,256</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">27.7</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Buechel Family Ltd Partnership (6)</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,644,095</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3.1</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Buechel Patient Care Research &amp; Education Fund (7)</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1,293,462</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2.4</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Marc Malaga (8)</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3,263,408</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">6.1</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Waterfall Asset Management, LLC &nbsp;(9)</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">14,545,455</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">28.0</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">*Represents less than 1% of the outstanding shares.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 60pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(1)</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Morry
    Rubin&rsquo;s beneficial ownership includes 4,901,759 shares of Common Stock and options/warrants to purchase 1,816,672 shares
    of Common Stock granted to him and&nbsp;262,000 shares in which Morry Rubin&rsquo;s wife and George Rubin are co-trustees
    of certain family trusts. George Rubin&rsquo;s beneficial ownership includes 3,968,259 shares of Common Stock and 262,000
    shares in which Morry Rubin&rsquo;s wife and George Rubin are co-trustees of certain family trusts and warrants to purchase
    666,672 shares.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace"></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(2)</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Of
    the 3,700,000 shares beneficially owned by them, 2,000,000 common are owned by Ilissa Bernstein, Brad Bernstein&rsquo;s wife.
    The remaining 1,700,000 shares represent vested options to purchase a like amount of shares of Common Stock granted to Brad
    Bernstein. &nbsp; &nbsp;  (3) Includes vested options to purchase 60,000 shares of Common Stock.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt/106% Times New Roman, Times, Serif">(4)</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: justify"><FONT STYLE="font: 10pt/106% Times New Roman, Times, Serif">Includes options to purchase 60,000 shares, 62,500 shares owned in trust and 125,000 shares in a limited liability company owned by Mr. Pradelli and his spouse.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt/106% Times New Roman, Times, Serif">(5)</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: justify"><FONT STYLE="font: 10pt/106% Times New Roman, Times, Serif">Includes 11,319,518 shares of Common Stock and all options and warrants (described in (1) through (4) above) to purchase an aggregate of 4,303,344 shares.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt/106% Times New Roman, Times, Serif">(6)</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: justify"><FONT STYLE="font: 10pt/106% Times New Roman, Times, Serif">Includes 1,442,725 shares of Common Stock and 31,812 Preferred shares convertible into 201,370 shares of Common Stock. The Buechel Family Ltd Partnership is a Family Partnership, the General Partner of whom is Frederick Buechel. This partnership is being shown in the table since it may be deemed to be under common control of Dr. Frederick Buechel, who is also a principal of the Buechel Patient Care Research &amp; Education Fund referenced in footnote (7). The address for this investor is c/o Fordham Financial Management, Inc., 17 Battery Place South, Suite 643, New York, NY 10004.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt/106% Times New Roman, Times, Serif">(7)</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: justify"><FONT STYLE="font: 10pt/106% Times New Roman, Times, Serif">Includes 1,092,725 shares of Common Stock and 31,712 Preferred shares convertible into 200,737 shares of Common Stock. The Buechel Patient Care Research &amp; Education Fund is a 501(c)(3) organization, the principals of which are Drs. Frederick Buechel Sr. and Jr. and Mr. Mark Buechel. This education fund is being shown in the table since it may be deemed to be under common control of Dr. Frederick Buechel who is the general partner referenced in footnote (6) of the Buechel Family Ltd Partnership. The address for this investor is c/o Fordham Financial Management, Inc., 17 Battery Place South, Suite 643, New York, NY 10004.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 2%; font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="width: 5%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(8)</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></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: justify"><FONT STYLE="font: 10pt/106% Times New Roman, Times, Serif">Includes 1,914,941 common shares, warrants to purchase 666,672 shares, options to purchase 250,000 shares and 431,795 shares of Common Stock issuable upon conversion of 68,214 shares of Series 1 Preferred Stock.Waterfall Eden Master.&nbsp;</FONT></TD></TR>
</TABLE>

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

<P STYLE="margin: 0"></P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace; width: 2%">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; width: 5%">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt/106% Times New Roman, Times, Serif">(9) </FONT></TD>
    <TD STYLE="padding-bottom: 12pt; text-align: justify"><FONT STYLE="font-size: 10pt; line-height: 105%">Waterfall Eden Master Fund, Ltd. owns 7,882,774 shares of Common Stock, or approximately 15.2% of the outstanding shares of Common Stock. Waterfall Delta Offshore Master Fund, LP owns 4,420,646 shares of Common Stock, or approximately 8.5% of the outstanding shares of Common Stock. Waterfall Delta GP, LLC, as general partner of Waterfall Delta Offshore Master Fund, LP, may be deemed to share beneficial ownership of the shares owned by Waterfall Delta Offshore Master Fund, LP. Waterfall Sandstone Fund, LP owns 2,242,035 shares of Common Stock, or approximately 4.3% of the outstanding shares of Common Stock. Waterfall Sandstone GP, LLC, as general partner of Waterfall Sandstone Fund, LP, may be deemed to share beneficial ownership of the shares owned by Waterfall Sandstone Fund, LP. Waterfall, as the investment adviser to the Waterfall Funds, and Messrs. Thomas Capasse and Jack Ross, as members of Waterfall, may be deemed to share beneficial ownership of the 14,545,455 shares of Common Stock owned by the Waterfall Funds, or approximately 28.0% of the outstanding shares of Common Stock. Because of the relationships described above, the Reporting Persons may be deemed to constitute a &ldquo;group&rdquo; within the meaning of Rule 13d-5 under the Securities Exchange Act of 1934, as amended, and as such, each member of the group could be deemed to beneficially own, in the aggregate, all of the shares of Common Stock held by members of the group. The Reporting Persons do not admit that they constitute a group within the meaning of Rule 13d-5. Each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock referred to herein that such Reporting Person does not hold directly. Waterfall and Messrs. Thomas Capasse and Jack Ross share the power to vote and direct the disposition of the shares owned by the Waterfall Funds. Waterfall Delta GP, LLC may be deemed to share the power to vote and direct the disposition of the shares owned by the Waterfall Delta Offshore Master Fund, LP, and Waterfall Sandstone GP, LLC may be deemed to share the power to vote and direct the disposition of the shares owned by Waterfall Sandstone Fund, LP. The address for each of the Waterfall associated companies is c/o Waterfall Management, LLC, 1140 Avenue of the Americas, 7<SUP>th</SUP> Floor, New York, NY 10036. This information has been obtained from a Schedule 13-D filed by Waterfall with the SEC on March 15, 2015. </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt/106% Times New Roman, Times, Serif">(10)</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: justify"><FONT STYLE="font: 10pt/106% Times New Roman, Times, Serif">Waterfall Eden Master Fund, Ltd. (the &quot;Fund&quot;) owns 7,882,774 shares of the Issuer. The reporting person has an indirect ownership interest in the Fund which equates to an economic interest in approximately 394.13 shares of the issuer owned by the Fund.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

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

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

<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: justify; text-indent: 0.5in">Pursuant to the Company&rsquo;s
By-Laws and Delaware law, a vote by the holders of at least a majority of the Voting Stock is required to effect the action described
herein. As of the Record Date, the Company had 53,998,024 Voting Stock issued and outstanding and entitled to vote. Our Common
Stock is entitled to one vote per share. Our Series 1 Preferred Stock is entitled to 5.7877 votes per share of Common Stock. Morry
F. Rubin (4,901,259 common shares), George Rubin (3,968,259 common shares), George Rubin/Laura Levine Trusts (262,000 common shares),
Illissa Bernstein (2,000,000 common shares), Marc Malaga (884,251 common shares and 68,214 preferred shares with the voting rights
of 394,802 shares totaling 1,279,052 voting shares), Waterfall Asset Management, LLC (14,545,455 common shares), and Steven Morse/Barbara
Morse (443,409 common shares) own on the Record Date an aggregate of 27,399,434 shares of record entitled to vote (the &ldquo;Consenting
Stockholders&rdquo;), representing approximately 50.7% of the Voting Stock. The Consenting Stockholders are in favor of the actions
described herein and are expected to take action by majority consent on or about September 15, 2015. No consideration will be paid
for the consent.</P>

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

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

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

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.05in"><FONT STYLE="letter-spacing: -0.15pt"><B>PROPOSAL
TO RATIFY, ADOPT AND APPROVE AN AMENDMENT</B></FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.05in"><FONT STYLE="letter-spacing: -0.15pt"><B>TO
THE COMPANY&rsquo;S CERTIFICATE OF INCORPORATION</B></FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.05in"><FONT STYLE="letter-spacing: -0.15pt"><B>AND
THE FILING OF SAID AMENDMENT WITH THE SECRETARY OF</B></FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.05in"><FONT STYLE="letter-spacing: -0.15pt"><B>STATE
OF THE STATE OF DELAWARE</B></FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left"><FONT STYLE="letter-spacing: -0.15pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: justify">The
Company's Board of Directors has proposed to ask its majority stockholders to approve an amendment to the Company&rsquo;s Certificate
of Incorporation and the filing of said amendment with the Secretary of State of the State of Delaware to increase the number
of authorized shares of Common Stock from 65,000,000 shares, $.0001 par value, to 100,000,000 shares, $.0001 par value.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: justify">Purpose
of Amendment</P>

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

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&rsquo;s Board of Directors
believes it advisable to amend the Company's Certificate of Incorporation to increase the authorized Common Stock from 65,000,000
shares of Common Stock, $.0001 par value, to 100,000,000 shares of Common Stock, $.0001 par value. The Company also has 10,000,000
shares of Preferred Stock, $.001 par value, authorized, 339,125 shares of which are outstanding as of the Record Date as Series
1 Preferred Stock. Each outstanding share of Series 1 Preferred Stock has the voting rights equivalent to 5.7877 shares of Common
Stock. The number of shares of authorized Preferred Stock will not change as a result of this amendment. The Board proposes that
an amendment (the &quot;Amendment&quot;) to Article Fourth of the Certificate of Incorporation be presented to the stockholders
to take action by majority consent in lieu of an actual meeting for approval to effect this change in Common Stock. See &ldquo;Exhibit
A.&rdquo;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 40pt">As of the Record Date,
the Company had 52,034,907 common shares and had outstanding options to purchase 3,910,000 shares of Common Stock and outstanding
warrants to purchase 5,115,531 shares of Common Stock. As of the Record Date, the Company had outstanding 339,125 shares of Series
1 Preferred Stock convertible into 2,146,662 common shares and it did not have any outstanding options or warrants convertible
into additional shares of Series 1 Preferred Stock.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 40pt">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 40pt">In the future, the
Company may seek to raise additional capital from the sale of its Common Stock. The proposed increase in the number of authorized
shares of Common Stock would give the Company the necessary shares of Common Stock to use in connection with future capital raise
transactions, use in employee benefit plans, acquisitions, mergers and other corporate purposes. No further action nor authorization
by the Company's stockholders would be necessary prior to issuance of the Common Stock, except as may be required for a particular
transaction by the Company's Certificate of Incorporation, by applicable law or regulatory agencies or by the rules of any stock
exchange on which the Company's Common Stock may then be listed. Adoption of the Amendment will eliminate the delay and expense
involved in calling a special meeting of stockholders to authorize the Common Stock.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 40pt">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 40pt">Stockholders of the
Company do not have any preemptive rights with respect to any of the presently authorized but unissued shares of Common Stock
of the Company. No dissenting stockholder will have a right of appraisal or right to receive payment for his stock by reason of
such dissent.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 40pt">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 40pt">The authority of the
Board to issue Common Stock might be considered as having the effect of discouraging an attempt by another person or entity to
affect a takeover or otherwise gain control of the Company, since the issuance of Common Stock would dilute the voting power of
the Common Stock then outstanding. Such shares could also be sold in public or private transactions to purchasers who might assist
the Board of Directors in opposing a takeover bid which the Board determines not to be in the best interests of the Company and
its stockholders. Accordingly, the authority of the Board to issue Common Stock could be used in a manner calculated to prevent
the removal of management, and make more difficult or discourage a change in control of the Company.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 40pt">&nbsp;</P>

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<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 40pt">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 40pt">The Company is not
aware of any efforts to accumulate the Company's securities and to obtain control of the Company and has no present intention
or agreement requiring the issuance of any additional shares of Common Stock other than as described herein. The Company has no
present intention of soliciting a stockholder vote on any proposal, or series of proposals, to deter takeovers.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 40pt">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 40pt">It is expected that
the written consents of the Voting Stock submitted to the Secretary of the Company on the Written Consent Effective Date will
include the ratification of the filing of an amendment to the Company&rsquo;s Certificate of Incorporation and the filing of said
amendment with the Secretary of State of the State of Delaware <FONT STYLE="letter-spacing: -0.15pt">increasing the number of
authorized shares of Common Stock from 65,000,000 shares to 100,000,000 shares of Common Stock.</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 40pt"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left"><B>Effective
Date of the Amendment</B></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Certificate of
Amendment of the Company will become effective upon the filing of the certificate of amendment to the Company&rsquo;s Certificate
of Incorporation with Secretary of State of the State of Delaware. &nbsp;Pursuant to Rule 14c-2 under the Exchange Act, the foregoing
Action may not become effective until a date that is at least 20 days after the date on which this Information Statement has been
mailed to the stockholders of the Company.</P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.15pt"><B>PROPOSAL
TO RATIFY, ADOPT AND APPROVE THE COMPANY&rsquo;S</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.15pt"><B>2015
OMNIBUS EQUITY </B></FONT><B>COMPENSATION PLAN</B></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.05in"><U>Purpose of Proposal</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On March 26, 2015, the
Company&rsquo;s Board of Directors approved our 2015 Omnibus Equity Compensation Plan (the &ldquo;2015 Plan&rdquo;) (appended
to this Information Statement as &ldquo;Exhibit B&rdquo;) covering 4,000,000 common shares. The Board of Directors is asking the
Company&rsquo;s stockholders to ratify, adopt and approve the 2015 Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company currently has a 2007 Omnibus Equity Compensation
Plan (the &ldquo;2007 Plan&rdquo;) in existence covering 4,200,000 common shares and it currently has outstanding options to purchase
3,910,000 common shares under the 2007 Plan. The 2007 Plan is identical to the 2015 Plan except for the number of shares reserved
for issuance under the Plan. The purpose of this Proposal to approve the 2015 Plan is to have sufficient number of shares of Common
Stock that may be issued under the 2015 Plan in order to have the ability to attract and retain qualified employees, officers,
directors and consultants who are eligible for issuance of securities under the 2015 Plan. As of the Record Date, the Company
has not issued any shares of Common Stock or options to purchase shares of Common Stock under the 2015 Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The following is a summary of the material features
of the 2015 Plan:</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">Shares Subject to the 2015 Plan</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The maximum number of shares
of common stock with respect to which awards may be made under the 2015 Plan is 4,000,000. In the event of any stock split, reverse
stock split, stock dividend, recapitalization, reclassification or other similar event or transaction, the Compensation Committee
will make such equitable adjustments to the number, kind and price of shares subject to outstanding grants and to the number of
shares available for issuance under the 2015 Plan as it deems necessary or appropriate. Shares subject to forfeiture, cancelled
or expired awards granted under the 2015 Plan will again become available for issuance under the 2015 Plan. In addition, shares
surrendered in payment of any exercise price or in satisfaction of any withholding obligation arising in connection with an award
granted under the 2015 Plan will again become available for issuance under the 2015 Plan.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></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">Administration</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-align: justify; text-indent: 0.5in">&nbsp;A committee of two
or more directors appointed by the Board will administer the 2015 Plan (the &ldquo;Committee&rdquo;); however, until the Committee
is appointed, the Board administers the 2015 Plan. The Committee interprets the 2015 Plan, selects award recipients, determines
the number of shares subject to each award and establishes the price, vesting and other terms of each award. While there are no
predetermined performance formulas or measures or other specific criteria used to determine recipients of awards under the 2015
Plan, awards are based generally upon consideration of the grantee's position and responsibilities, the nature of services provided,
the value of the services to us, the present and potential contribution of the grantee to our success, the anticipated number of
years of service remaining and other factors which the Board or the Committee deems relevant.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Eligibility</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-align: justify; text-indent: 0.5in">Employees, directors, consultants
and other service providers of our Company and its affiliates are eligible to participate in the 2015 Plan, provided; however,
that only employees of our Company are eligible to receive incentive stock options. The maximum number of shares that are the subject
of grants made under the 2015 Plan to any individual during any calendar year may not exceed 1,000,000 shares, subject to certain
adjustments. A participant in the 2015 Plan may not accrue dividend equivalents during any calendar year in excess of $500,000.</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">Amendment and Termination of 2015 Plan</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-align: justify; text-indent: 0.5in">The Board may amend, alter
or discontinue the 2015 Plan at any time; provided, however, that the Board may not amend the 2015 Plan without stockholder approval
if such approval is required in order to comply with the Code or applicable laws or to comply with applicable stock exchange requirements.
The 2015 Plan will terminate on the day immediately preceding the tenth anniversary of the 2015 Plan&rsquo;s effective date, unless
the 2015 Plan is terminated earlier by the Board or is extended by the Board with the approval of the stockholders.</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">Grants</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-align: justify; text-indent: 0.5in">Grants made under the 2015
Plan may consist of incentive stock options, non-qualified stock options, stock appreciation rights or &ldquo;SARs&rdquo;, stock
awards, stock unit awards, dividend equivalents and other stock-based awards. Each grant is subject to the terms and conditions
set forth in the 2015 Plan and to those other terms and conditions specified by the Committee and memorialized in a written grant
agreement between our Company and grant recipient (the &ldquo;Grant Instrument&rdquo;).</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">Stock Options</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-align: justify; text-indent: 0.5in">The 2015 Plan permits the
grant of incentive stock options (&ldquo;ISOs&rdquo;) to our employees and the employees of our subsidiaries. The 2015 Plan also
provides for the grant of non-qualified stock options (&ldquo;NQSOs&rdquo;) to our employees, directors, and consultants and other
individuals who perform services for us (as well as to employees, directors, consultants and service providers of our subsidiaries).
The exercise price of any stock option granted under the 2015 Plan will be equal to or greater than the fair market value of such
stock on the date the option is granted, provided, however, that the exercise price of any incentive stock options granted under
the 2015 Plan to an employee who, at the time of grant, owns stock possessing more than 10% of the total combined voting power
of all classes of our stock or any parent or subsidiary of us, may not be less than 110% of the fair market value of our common
stock on the date of grant. Generally, payment of the option price may be made (i) in cash, (ii) with the Committee&rsquo;s consent,
by approval of the Committee, by delivering shares of Company Stock owned by the Optionee (including Company Stock acquired in
connection with the exercise of an Option, subject to such restrictions as the Committee deems appropriate) and having a Fair Market
Value on the date of exercise equal to the Exercise Price or by attestation (on a form prescribed by the Committee) to ownership
of shares of Company Stock having a Fair Market Value on the date of exercise equal to the Exercise Price, (iii) through a broker
in accordance with applicable laws, or (iv) with a combination of cash and shares. The participant must pay the option price and
the amount of withholding tax due, if any, at the time of exercise. Shares of common stock will not be issued or transferred upon
exercise of the option until the option price and the withholding obligation are fully paid.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></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-align: justify; text-indent: 0.5in">Under the 2015 Plan, each
option is exercisable at such time and to such extent as specified in the pertinent Grant Instrument between our Company and the
option recipient. However, no option shall be exercisable with respect to any shares of common stock more than ten years after
the date of grant of such award (except as otherwise determined by the Committee with respect to non-incentive options) and no
incentive stock option that is granted to an employee, who at the time of grant, owns stock possessing more than 10% of the total
combined voting power of all classes of stock of our Company, or any parent or subsidiary of ours, may be exercised more than five
years from the date of grant. Notwithstanding the foregoing, the Committee may provide, in a Grant Instrument, that a Grantee may
transfer Nonqualified Stock Options to family members, or one or more trusts or other entities for the benefit of or owned by family
members, consistent with the applicable securities laws, according to such terms as the Committee may determine; provided that
the Grantee receives no consideration for the transfer of an Option and the transferred Option shall continue to be subject to
the same terms and conditions as were applicable to the Option immediately before the transfer.</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">Effects of Termination of Service with our Company</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-align: justify; text-indent: 0.5in">Generally, unless provided
otherwise in the Grant Instrument, the right to exercise any option or SAR (described below) terminates ninety (90) days following
termination of the participant&rsquo;s relationship with the Company for reasons other than death, disability or termination for
&ldquo;cause&rdquo; as defined in the 2015 Plan. If the participant&rsquo;s relationship with us terminates due to death or disability,
unless provided otherwise in the Grant Instrument, the right to exercise an option or SAR will terminate the earlier of one year
following such termination or the original expiration date. If the participant&rsquo;s relationship with us is terminated for &ldquo;cause&rdquo;,
any option or SAR not already exercised will automatically be forfeited as of the date such termination.</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">Stock Awards</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-align: justify; text-indent: 0.5in">We may issue awards of
our common stock pursuant to the terms of the 2015 Plan. A stock award may be issued for consideration or for no consideration
and may be subject to certain restrictions and risk of forfeiture (such as the completion of a period of service or attainment
of a performance goal) as determined by the Committee and set forth in the Grant Instrument governing the stock award. If a participant&rsquo;s
employment terminates before the vesting condition is fulfilled, the shares will be forfeited. While the shares remain unvested,
a participant may not sell, assign, transfer, pledge or otherwise dispose of the shares. Unless otherwise determined by the Committee,
a stock award entitles the participant to all of the rights of a stockholder of our Company, including the right to vote the shares
and the right to receive any dividends thereon.</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">Stock Units</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-align: justify; text-indent: 0.5in">The 2015 Plan provides
for the grant of stock units to employees, non-employee directors, or consultants or other individuals who perform services for
us, subject to any terms and conditions, including the fulfillment of specified performance goals or other conditions, as may be
established by the Committee. Each stock unit represents one hypothetical share of common stock and the right of the grantee to
receive an amount based on the value of a share of our common stock. Payments with respect to stock units may be made in cash or
in shares of common stock, or in combination of the two as determined by the appointed committee.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></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">Stock Appreciation Rights</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-align: justify; text-indent: 0.5in">The 2015 Plan also provides
for the grant of SARs, either alone or in tandem with stock options. An SAR entitles its holder to a cash payment of the excess
of the fair market value of our common stock on the date of exercise, over the fair market value of our common stock on the date
of grant. An SAR issued in tandem with a stock option will have the same terms as the stock option. The terms of an SAR granted
alone, without an option, will be established by the Committee, in the Grant Instrument governing the SAR.</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">Other Stock-Based Award</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-align: justify; text-indent: 0.5in">The Committee may grant
other stock-based awards, other than those described herein, that are based on, measured by or payable in shares of common stock
on such terms and conditions as the Committee may determine. Such awards may be subject to the achievement of performance goals
or other conditions and may be payable in cash, shares of common stock or any combination of cash and shares of common stock as
the Committee shall determine.</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">Dividend Equivalents</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-align: justify; text-indent: 0.5in">The Committee may grant
dividend equivalents in connection with grants under the 2015 Plan. Dividend equivalents may be paid currently or accrued as contingent
cash obligations and may be payable in cash or shares of common stock, and upon such terms as the appointed committee may establish,
including the achievement of specific performance goals.</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">Change of Control of the Company</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-align: justify; text-indent: 0.5in">In the event of a Change
of Control, as that term is defined in the 2015 Plan, of our Company, the Committee has discretion to, among other things, accelerate
the vesting of outstanding grants, cashout outstanding grants or exchange outstanding grants for similar grants of a successor
company. A Change of Control of our Company will be deemed to have taken place upon the:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%; font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="width: 3%; font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD>
    <TD STYLE="width: 94%; font-family: Courier New, Courier, Monospace; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the acquisition by any person of direct or indirect ownership of securities representing more than 50% of the voting power of our then outstanding stock;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">a consolidation or merger of our Company resulting in the stockholders of the Company immediately prior to such event not owning at least a majority of the voting power of the resulting entity&rsquo;s securities outstanding immediately following such event;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the sale of substantially all of our assets; or</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The liquidation or dissolution of our Company.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left">It is expected
that the written consents of the Voting Stock submitted to the Secretary of the Company on the Written Consent Effective Date
will include the ratification of the 2015 Plan.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.05in"><FONT STYLE="letter-spacing: -0.15pt">&#9;</FONT></P>

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<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.05in"><FONT STYLE="font-family: Times New Roman, Times, Serif; letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Effective
Date of the Amendment</B></FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
ratification of the 2015 Plan may not become effective until a date that is at least 20 days after the date on which this Information
Statement has been mailed to the stockholders of the Company.</FONT></P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>No
Meeting of Stockholders Required</B></FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
Company is not soliciting any votes with regard to the Proposals. &nbsp;The principal stockholders of the Company intend to consent
to the Proposals and they hold a majority of the total issued and outstanding shares of voting capital stock and, accordingly,
such principal stockholders have sufficient shares to approve the Proposals.</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>PROPOSALS
BY SECURITY HOLDERS</B></FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">No
security holder has requested the Company to include any additional proposals in this Information Statement.</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>INTEREST
OF CERTAIN PERSONS IN OR OPPOSITION TO MATTERS TO BE ACTED UPON</B></FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">No officer or director
of the Company has any substantial interest in the matters to be acted upon, other than his role as an officer and director of
the Company. &nbsp;No director of the Company has informed the Company that he intends to oppose the proposed action to be taken
by the Company as set forth in this Information Statement.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>ADDITIONAL
INFORMATION</B></FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black">The
Company files reports with the Securities and Exchange Commission (the &ldquo;SEC&rdquo;). &nbsp;These reports include annual
and quarterly reports, as well as other information the Company is required to file pursuant to securities laws. &nbsp;You may
read and copy materials the Company files with the SEC at the SEC&rsquo;s Public Reference Room at 100 F Street, N.E., Washington,
D.C. 20549. &nbsp;You may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330.
&nbsp;The SEC maintains an Internet site that contains reports, proxy and information statements, and other information regarding
issuers that file electronically with the SEC at </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; color: blue">http://www.sec.gov</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; color: black">.</FONT></P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>DELIVERY
OF DOCUMENTS TO SECURITY HOLDERS SHARING AN ADDRESS</B></FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Only
one Information Statement is being delivered to multiple security holders sharing an address unless the Company received contrary
instructions from one or more of the security holders. &nbsp;The Company shall deliver promptly, upon written or oral request,
a separate copy of the Information Statement to a security holder at a shared address to which a single copy of the document was
delivered. &nbsp;A security holder can notify the Company that the security holder wishes to receive a separate copy of the Information
Statement by sending a written request to the Company&rsquo;s agent, namely, Continental Stock Transfer &amp; Trust Company, 17
Battery Place, 8<SUP>th</SUP> Floor, New York, NY 10004.&nbsp;A security holder may utilize the same address and telephone number
to request either separate copies or a single copy for a single address for all future information statements, proxy statements
and annual reports.</FONT></P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT>It is expected that the written consents of the Voting Stock submitted to the Secretary of the Company
on the Written Consent Effective Date will include the ratification of the filing of <FONT STYLE="font-family: Times New Roman, Times, Serif">an
amendment to the Company&rsquo;s Certificate of Incorporation and the filing of said amendment with the Secretary of State of
the State of to increase the authorized common shares from 65,000,000 shares to 100,000,000 shares, $.0001 par value, and to approve
the Company&rsquo;s 2015 Omnibus Equity Compensation Plan.</FONT></P>

<P STYLE="font: 10pt/13pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; letter-spacing: -0.15pt">&nbsp;</FONT></P>

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

<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: justify; text-indent: 0.5in">As of the date of this
Information Statement, the Board of Directors of the Company knows of no other business which will be presented for consideration
of the stockholders of the Company.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DEADLINE FOR RECEIPT OF STOCKHOLDER PROPOSALS</B></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-align: justify; text-indent: 0.5in">Any Stockholder who intends
to present a proposal at the next annual meeting of Stockholders must deliver the proposal to Brad Bernstein, Corporate Secretary
of FlexShopper, Inc. at 2700 North Military Trail, Ste. 200, Boca Raton, FL 33431:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 4%; font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 3%; font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD>
    <TD STYLE="vertical-align: top; font-family: Courier New, Courier, Monospace; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Not later than May 31, 2015, if the proposal is submitted for inclusion in our proxy materials for that meeting pursuant to Rule 14a-8 under the Securities Exchange Act of 1934; and </FONT></TD></TR>
<TR>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-family: Courier New, Courier, Monospace; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-family: Courier New, Courier, Monospace"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD>
    <TD STYLE="vertical-align: top; font-family: Courier New, Courier, Monospace; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Not later than May 31, 2015, if the proposal is submitted outside the processes of Rule 14a-8 under the Securities and Exchange Act of 1934, in which case we are not required to include the proposal in our proxy materials. Such nominations and proposals for the next annual meeting of Stockholders, other than those made by or on behalf of the Board of Directors, shall be made by notice in writing delivered or mailed by first class United States mail, postage prepaid, to the Chairman.&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 3in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%">FLEXSHOPPER, INC.</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>By: /s/ Brad Bernstein,
Chief Executive Officer</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 3in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.45in; text-align: justify; text-indent: 1in"></P>

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

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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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"></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.15pt"><U>Exhibit A</U></FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.15pt">CERTIFICATE
OF AMENDMENT</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="letter-spacing: -0.15pt">&#9;OF</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="letter-spacing: -0.15pt">&#9;CERTIFICATE
OF INCORPORATION</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="letter-spacing: -0.15pt">&#9;OF</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="letter-spacing: -0.15pt">&#9;FLEXSHOPPER,
INC.</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">FlexShopper, Inc.,
a corporation organized and existing under and by virtue of The General Corporation Law of Delaware, does hereby certify:</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">FIRST:&#9;That
at a duly held meeting of the Board of Directors of said Corporation, the Board duly adopted the following resolution proposing
and declaring advisable the following amendment to the Certificate of Incorporation of said Corporation:</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 60pt">&ldquo;RESOLVED,
that the Board of Directors deems it advisable, and hereby declares it to be advisable, that Article Fourth of the Corporation's
presently existing Certificate of Incorporation be amended, changed and altered so that, as amended, said Article shall be and
read as follows:</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0">FOURTH</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 20pt">Section 1. <U>Authorization
of Shares.</U></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The aggregate number of
shares of capital stock which the Corporation will have authority to issue is 110,000,000 shares, consisting of 100,000,000 shares
of common stock, having a par value of $.0001 per share (&ldquo;Common Stock&rdquo;), and 10,000,000 shares of Preferred Stock,
having a par value of $.001 per share (&ldquo;Preferred Stock&rdquo;).</P>

<P STYLE="font: 10pt/12pt Courier; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 20pt">Section 2. <U>Common
Stock.</U></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-align: justify; text-indent: 0.5in">2.1&nbsp;&nbsp;&nbsp;&nbsp;&#9;<U>Dividends.
</U>The holders of shares of Common Stock shall be entitled to receive such dividends as from time to time may be declared by
the Board of Directors of the Corporation, subject to any preferential payments to which the holders of shares of any series of
Preferred Stock shall be entitled as may be stated and expressed pursuant to the resolution establishing any such series of Preferred
Stock.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">2.2 &nbsp;&nbsp;&nbsp;&#9;<U>Liquidation.
</U>In the event of any liquidation, dissolution or winding up of the Corporation, whether voluntary or involuntary, after payment
shall have been made to any holders of shares of any series of Preferred Stock then outstanding of the full amounts of preferential
payments to which they shall respectively be entitled as may be stated and expressed pursuant to the resolution establishing any
such series of Preferred Stock, the holders of shares of Common Stock then outstanding shall be entitled to share ratably based
upon the number of shares of Common Stock held by them in all remaining assets of the Corporation available for distribution to
its shareholders.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">2.3 &#9;&nbsp;&nbsp;&nbsp;<U>Voting Rights.
</U>All shares of Common Stock shall be identical with each other in every respect. The shares of Common Stock shall entitle the
holders thereof to one vote for each share upon all matters upon which shareholders have the right to vote.</P>

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

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></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: 20pt">Section 3. <U>Preferred Stock.</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-align: justify; text-indent: 0.5in">The Board of Directors
is authorized to establish, from time to time, one or more series of any class of shares, to increase or decrease the number within
each series, and to fix the designations, powers, preferences and relative, participating, optional or other rights of such series
and any qualification, limitations or restrictions thereof. All shares of any one series of Preferred Stock will be identical
except as to the dates of issue and the dates from which dividends on shares of the series issued on different dates will cumulate,
if cumulative. Authority is hereby expressly granted to the Board of Directors to authorize the issuance of one or more series
of Preferred Stock, and to fix by resolution or resolutions providing for the issue of each such series the voting powers, designations,
preferences, and relative, participating, optional, redemption, conversion, exchange or other special rights, qualifications,
limitations or restrictions of such series, and the number of shares in each series, to the full extent now or hereafter permitted
by law.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">SECOND: &nbsp;&nbsp;&nbsp;That in lieu
of a meeting and vote of stockholders, written consent of stockholders to said amendment has been given in accordance with the
provisions of Section 228 of The General Corporation Law of the State of Delaware, and written notice of the adoption of the amendment
has been given as provided in Section 228 of The General Corporation Law of the State of Delaware to every stockholder entitled
to such notice.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">THIRD:&nbsp;&nbsp;&nbsp; That the aforesaid
amendment was duly adopted in accordance with the applicable provisions of Sections 242 and 228 of The General Corporation Law
of the State of Delaware.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF,
said FlexShopper, Inc. has caused this Certificate to be signed by Brad Bernstein, Chief Executive Officer, and attested by Frank
Matasavage, Chief Financial Officer, this __ day of September, 2015.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 33%">&nbsp;</TD>
    <TD STYLE="width: 33%">&nbsp;</TD>
    <TD STYLE="width: 33%">FLEXSHOPPER, INC.</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Brad Bernstein, Chief
Executive Officer</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>ATTEST:</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>Frank Matasavage, Chief Financial Officer&#9;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

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

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

<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 0 12pt; text-align: center"><U>2015 OMNIBUS EQUITY COMPENSATION PLAN</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">The purpose of the
FlexShopper, Inc. 2015 Omnibus Equity Compensation Plan (the &ldquo;Plan&rdquo;) is to provide (i) designated employees of FlexShopper,
Inc. (the &ldquo;Company&rdquo;) and its subsidiaries, (ii) certain consultants and advisors who perform services for the Company
or its subsidiaries, and (iii) non-employee members of the Board of Directors of the Company and its subsidiaries with the opportunity
to receive grants of incentive stock options, nonqualified stock options, stock appreciation rights, stock awards, stock units
and other stock-based awards. The Company believes that the Plan will encourage the participants to contribute materially to the
growth of the Company, thereby benefiting the Company&rsquo;s stockholders, and will align the economic interests of the participants
with those of the stockholders.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: left"><I>Section 1. Definitions</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">The following terms
shall have the meanings set forth below for purposes of the Plan:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(a)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;Board&rdquo; shall mean the Board of Directors of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(b)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;Cause&rdquo; shall mean, except to the extent specified otherwise by the Committee, a finding by the Committee that
the Grantee (i) has breached his or her employment or service contract with the Employer, (ii) has engaged in disloyalty to the
Company, including, without limitation, fraud, embezzlement, theft, commission of a felony or proven dishonesty, (iii) has disclosed
trade secrets or confidential information of the Employer to persons not entitled to receive such information, (iv) has breached
any written non-competition or non-solicitation agreement between the Grantee and the Employer or (v) has engaged in such other
behavior detrimental to the interests of the Employer as the Committee determines.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: left; text-indent: 40pt">(c)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;Change of Control&rdquo; shall be deemed to have occurred if:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 60pt; text-align: justify">(i)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities
Exchange Act of 1934, as amended (the &quot;<U>Exchange Act</U>&quot;)) (a &quot;<U>Person</U>&quot;) of &quot;beneficial ownership&quot;
(within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 50% or more of (I) the then-outstanding shares of Common
Stock (the &quot;<U>Outstanding Company Common Stock</U>&quot;), or (II) the combined voting power of the then-outstanding voting
securities of the Company generally entitled to vote in the election of directors (the &quot;<U>Outstanding Company Voting Securities</U>&quot;)
regardless of whether such acquisition is as a result of the issuance of securities by the Company to such Person, by such Person
acquiring such shares publicly or in private sales (or in any combination of acquisitions or public or private sales or both),
or otherwise; <U>provided</U>, <U>however</U>, that the following shall not constitute a Change in Control: (a) any issuance or
acquisition of securities of the Company whereby the Employee (including his affiliates) reaches or exceeds such 50% threshold;
(b) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any entity controlled
by the Company; or (c) any issuance of shares of Series 1 Preferred Stock issued in the Company&rsquo;s initial offering of such
shares or any shares of common stock issued upon conversion of such shares of Series 1 Preferred Stock;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 60pt; text-align: justify">(ii)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>approval by the stockholders of the Company of a reorganization, merger, consolidation or other business combination (collectively,
a &quot;<U>Business Combination</U>&quot;), unless following such Business Combination more than 50% of, respectively, the then-outstanding
shares of common stock of the entity resulting from such Business Combination and the combined voting power of the then-outstanding
voting securities of such entity generally entitled to vote in the election of directors is then beneficially owned, directly
or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the
Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such Business Combination in substantially
the same proportions as their ownership, immediately prior to such Business Combination, of the Outstanding Company Common Stock
and Outstanding Company Voting Securities, as the case may be; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 60pt; text-align: justify">(iii)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>(I) approval by the stockholders of the Company of a complete liquidation or dissolution of the Company or (II) the first
to occur of (a) the sale or other disposition (in one transaction or a series of related transactions) of all or substantially
all of the assets of the Company, or (b) the approval by the stockholders of the Company of any such sale or disposition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(d)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;Code&rdquo; shall mean the Internal Revenue Code of 1986, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(e)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;Committee&rdquo; shall mean the committee, consisting of members of the Board, designated by the Board to administer
the Plan, as described in Section 2.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: left; text-indent: 40pt">(f)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;Company&rdquo; shall mean FlexShopper, Inc. and shall include its successors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: left; text-indent: 40pt">(g)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;Company Stock&rdquo; shall mean a share of common stock of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(h)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;Disability&rdquo; or &ldquo;Disabled&rdquo; shall mean a Grantee&rsquo;s becoming disabled within the meaning of
section 22(e)(3) of the Code, within the meaning of the Employer&rsquo;s long-term disability plan applicable to the Grantee, or
as otherwise determined by the Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(i)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;Dividend Equivalent&rdquo; shall mean an amount determined by multiplying the number of shares of Company Stock subject
to a Grant by the per-share cash dividend paid by the Company on Company Stock, or the per-share fair market value (as determined
by the Committee) of any dividend paid on Company Stock in consideration other than cash.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(j)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;Employee&rdquo; shall mean an employee of an Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(k)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;Employed by, or providing service to, the Employer&rdquo; shall mean employment or service as an Employee, Key Advisor
or member of the Board (so that, for purposes of exercising Options and SARs and satisfying conditions with respect to other Grants,
a Grantee shall not be considered to have terminated employment or service until the Grantee ceases to be an Employee, Key Advisor
and member of the Board), unless the Committee determines otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(l)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;Employer&rdquo; shall mean the Company and its subsidiaries and other related entities, as determined by the Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(m)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;Exchange Act&rdquo; shall mean the Securities Exchange Act of 1934, as amended.</P>

<!-- Field: Page; Sequence: 19 -->
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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(n)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;Exercise Price&rdquo; shall mean the purchase price of Company Stock subject to an Option.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(o)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;Fair Market Value&rdquo; shall mean:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; margin-left: 60pt">(i)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If the Company Stock is publicly traded, then the Fair Market Value per share shall be determined as follows: (x) if the
principal trading market for the Company Stock is a national securities exchange or the OTCQB, the last reported sale price thereof
on the relevant date or (if there were no trades on that date) the latest preceding date upon which a sale was reported, or (y)
if the Company Stock is not principally traded on such exchange or on the OTCQB, the mean between the last reported &ldquo;bid&rdquo;
and &ldquo;asked&rdquo; prices of Company Stock on the relevant date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; margin-left: 60pt">(ii)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If the Company Stock is not publicly traded or, if publicly traded, is not subject to reported transactions or &ldquo;bid&rdquo;
or &ldquo;asked&rdquo; quotations as set forth above, the Fair Market Value per share shall be as determined by the Committee through
any reasonable valuation method authorized under section 409A of the Code or section 422 of the Code, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(p)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;Grant&rdquo; shall mean a grant of Options, SARs, Stock Awards, Stock Units or Other Stock-Based Awards under the
Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(q)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;Grant Instrument&rdquo; shall mean the agreement that sets forth the terms of a Grant, including any amendments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(r)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;Grantee&rdquo; shall mean an Employee, Non-Employee Director or Key Advisor who receives a Grant under the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(s)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;Incentive Stock Option&rdquo; shall mean an option to purchase Company Stock that is intended to meet the requirements
of section 422 of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(t)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;Key Advisor&rdquo; shall mean a consultant or advisor of an Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(u)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;Non-Employee Director&rdquo; shall mean a member of the Board of the Company or member of the board of directors
of a subsidiary of the Company who is not an Employee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(v)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;Nonqualified Stock Option&rdquo; shall mean an option to purchase Company Stock that is not intended to meet the
requirements of section 422 of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(w)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;Option&rdquo; shall mean an Incentive Stock Option or Nonqualified Stock Option granted under the Plan, as described
in Section 6.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(x)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;Other Stock-Based Award&rdquo; shall mean any Grant based on, measured by or payable in Company Stock, as described
in Section 10.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(y)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;Plan&rdquo; shall mean the FlexShopper, Inc. 2015 Omnibus Equity Compensation Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(z)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;SAR&rdquo; shall mean a stock appreciation right with respect to a share of Company Stock, as described in Section
9.</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(aa)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;Stock Award&rdquo; shall mean an award of a share of Company Stock, with or without restrictions, as described in
Section 7.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(bb)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;Stock Unit&rdquo; shall mean a unit that represents a hypothetical share of Company Stock, as described in Section
8.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: left"><I>Section 2. Administration</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">(a)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Committee</U>. The Plan shall be administered and interpreted by a Committee appointed by the Board. The Committee may
consist of two or more persons who are &ldquo;outside directors&rdquo; as defined under section 162(m) of the Code, and related
Treasury regulations, and &ldquo;non-employee directors&rdquo; as defined under Rule 16b-3 under the Exchange Act. However, the
Board may ratify or approve any grants as it deems appropriate, and the Board shall approve and administer all grants made to Non-Employee
Directors. The Committee may delegate authority to one or more subcommittees, as it deems appropriate. To the extent that the Board
or a subcommittee administers the Plan, references in the Plan to the &ldquo;Committee&rdquo; shall be deemed to refer to such
Board or such subcommittee.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">(b)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Committee Authority</U>. The Committee shall have the sole authority to (i) determine the individuals to whom grants
shall be made under the Plan, (ii) determine the type, size and terms of the grants to be made to each such individual, (iii) determine
the time when the grants will be made and the duration of any applicable exercise or restriction period, including the criteria
for exercisability and the acceleration of exercisability, (iv) amend the terms of any previously issued grant, subject to the
provisions of Section 18 below, and (v) deal with any other matters arising under the Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">(c)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Committee Determinations</U>. The Committee shall have full power and express discretionary authority to administer and
interpret the Plan, to make factual determinations and to adopt or amend such rules, regulations, agreements and instruments for
implementing the Plan and for the conduct of its business as it deems necessary or advisable, in its sole discretion. The Committee&rsquo;s
interpretations of the Plan and all determinations made by the Committee pursuant to the powers vested in it hereunder shall be
conclusive and binding on all persons having any interest in the Plan or in any awards granted hereunder. All powers of the Committee
shall be executed in its sole discretion, in the best interest of the Company, not as a fiduciary, and in keeping with the objectives
of the Plan and need not be uniform as to similarly situated individuals.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: left"><I>Section
3. Grants</I></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">Awards under the
Plan may consist of grants of Options, Stock Awards, SARs, Stock Units, Dividend Equivalents and Other Stock-Based Awards. All
Grants shall be subject to the terms and conditions set forth herein and to such other terms and conditions consistent with this
Plan as the Committee deems appropriate and as are specified in writing by the Committee to the individual in the Grant Instrument.
All Grants shall be made conditional upon the Grantee&rsquo;s acknowledgement, in writing or by acceptance of the Grant, that all
decisions and determinations of the Committee shall be final and binding on the Grantee, his or her beneficiaries and any other
person having or claiming an interest under such Grant. Grants under a particular Section of the Plan need not be uniform as among
the Grantees.</P>

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

<!-- Field: Page; Sequence: 21 -->
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    <!-- Field: /Page -->

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

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0in"></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: left">Shares
Subject to the Plan</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(a)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Shares Authorized</U>. Subject to adjustment as described in subsection (d) below, the aggregate number of shares of
Company Stock that may be issued or transferred under the Plan is 4,000,000 shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(b)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Source of Shares; Share Counting</U>. Shares issued or transferred under the Plan may be authorized but unissued shares
of Company Stock or reacquired shares of Company Stock, including shares purchased by the Company on the open market for purposes
of the Plan. If and to the extent Options or SARs granted under the Plan terminate, expire, or are canceled, forfeited, exchanged
or surrendered without having been exercised, and if and to the extent any Stock Awards, Stock Units or Other Stock-Based Awards
are forfeited, terminated or otherwise not paid in full, the shares subject to such Grants shall again be available for purposes
of the Plan. Shares of Stock surrendered in payment of the Exercise Price of an Option shall again be available for issuance under
the Plan. To the extent any Grants are paid in cash, and not in shares of Company Stock, any shares previously subject to such
Grants shall again be available for issuance or transfer under the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(c)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Individual Limits</U>. All Grants under the Plan shall be expressed in shares of Company Stock. The maximum aggregate
number of shares of Company Stock that may be subject to Grants made under the Plan to any individual during any calendar year
shall be 1,000,000 shares, subject to adjustment as described in subsection (d) below. A Participant may not accrue Dividend Equivalents
during any calendar year in excess of $500,000. The individual limits of this subsection (c) shall apply without regard to whether
the Grants are to be paid in Company Stock or cash. All cash payments (other than with respect to Dividend Equivalents) shall equal
the Fair Market Value of the shares of Stock to which the cash payments relate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(d)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Adjustments</U>. If there is any change in the number or kind of shares of Company Stock outstanding (i) by reason of
a stock dividend, spinoff, recapitalization, stock split, or combination or exchange of shares, (ii) by reason of a merger, reorganization
or consolidation, (iii) by reason of a reclassification or change in par value, or (iv) by reason of any other extraordinary or
unusual event affecting the outstanding Company Stock as a class without the Company&rsquo;s receipt of consideration, or if the
value of outstanding shares of Company Stock is substantially reduced as a result of a spinoff or the Company&rsquo;s payment of
an extraordinary dividend or distribution, the maximum number of shares of Company Stock available for issuance under the Plan,
the maximum number of shares of Company Stock for which any individual may receive Grants in any year, the number of shares covered
by outstanding Grants, the kind of shares issued under the Plan, and the price per share or the applicable market value of such
Grants maybe appropriately adjusted by the Committee to reflect any increase or decrease in the number of, or change in the kind
or value of, issued shares of Company Stock to preclude, to the extent practicable, the enlargement or dilution of rights and benefits
under such Grants; provided, however, that any fractional shares resulting from such adjustment shall be eliminated. Any adjustments
determined by the Committee shall be final, binding and conclusive.</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 0in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 0in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: left"><I>Section 4.
Eligibility for Participation</I></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">(a)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Eligible Persons</U>. All Employees and Non-Employee Directors shall be eligible to participate in the Plan. Key Advisors
shall be eligible to participate in the Plan if the Key Advisors render bona fide services to the Employer, the services are not
in connection with the offer and sale of securities in a capital-raising transaction and the Key Advisors do not directly or indirectly
promote or maintain a market for the Company&rsquo;s securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; text-align: left; text-indent: 40pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">(b)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Selection of Grantees</U>. The Committee shall select the Employees, Non-Employee Directors and Key Advisors to receive
Grants and shall determine the number of shares of Company Stock subject to each Grant.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: left"><I>Section
5. Options</I></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">The Committee
may grant Options to an Employee, Non-Employee Director or Key Advisor, upon such terms as the Committee deems appropriate. The
following provisions are applicable to Options:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(a)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Number of Shares</U>. The Committee shall determine the number of shares of Company Stock that will be subject to each
Grant of Options to Employees, Non-Employee Directors and Key Advisors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: left; text-indent: 40pt">(b)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Type of Option and Price</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; margin-left: 60pt">(i)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Committee may grant Incentive Stock Options or Nonqualified Stock Options or any combination of the two, all in accordance
with the terms and conditions set forth herein. Incentive Stock Options may be granted only to employees of the Company or its
subsidiary corporations, as defined in section 424 of the Code. Nonqualified Stock Options may be granted to Employees, Non-Employee
Directors and Key Advisors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; margin-left: 60pt">(ii)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Exercise Price of Company Stock subject to an Option shall be determined by the Committee and shall be equal to or greater
than the Fair Market Value of a share of Company Stock on the date the Option is granted; provided, however, that an Incentive
Stock Option may not be granted to an Employee who, at the time of grant, owns stock possessing more than 10% of the total combined
voting power of all classes of stock of the Company or any parent or subsidiary, of the Company, as defined in section 424 of the
Code, unless the Exercise Price per share is not less than 110% of the Fair Market Value of Company Stock on the date of grant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(c)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Option Term</U>. The Committee shall determine the term of each Option, which, unless otherwise determined by the Committee,
shall not exceed ten years from the date of grant. However, an Incentive Stock Option that is granted to an Employee who, at the
time of grant, owns stock possessing more than 10% of the total combined voting power of all classes of stock of the Company,
or any parent or subsidiary of the Company, as defined in section 424 of the Code, may not have a term that exceeds five years
from the date of grant. In no event will the term for any Incentive Stock Option exceed ten years from the date of grant.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 95px; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: left; text-indent: 40pt">(d)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Exercisability of Options</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; margin-left: 60pt">(i)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Options shall become exercisable in accordance with such terms and conditions, consistent with the Plan, as may be determined
by the Committee and specified in the Grant Instrument. The Committee may accelerate the exercisability of any or all outstanding
Options at any time for any reason.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; margin-left: 60pt">(ii)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Committee may provide in a Grant Instrument that the Grantee may elect to exercise part or all of an Option before it
otherwise has become exercisable. Any shares so purchased shall be restricted shares and shall be subject to a repurchase right
in favor of the Company during a specified restriction period, with the repurchase price equal to the lesser of (i) the Exercise
Price or (ii) the Fair Market Value of such shares at the time of repurchase, or such other restrictions as the Committee deems
appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(e)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Grants to Non-Exempt Employees</U>. Notwithstanding the foregoing, Options granted to persons who are non-exempt employees
under the Fair Labor Standards Act of 1938, as amended, may not be exercisable for at least six months after the date of grant
(except that such Options may become exercisable, as determined by the Committee, upon the Grantee&rsquo;s death, Disability or
retirement, or upon a Change of Control or other circumstances permitted by applicable regulations).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(f)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Termination of Employment, Disability or Death</U>. Unless otherwise provided in the Grant Instrument:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; margin-left: 60pt">(i)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Except as provided below an Option may only be exercised while the Grantee is employed by, or providing service to, the
Employer as an Employee, Key Advisor or member of the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; margin-left: 60pt">(ii)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In the event that a Grantee ceases to be employed by, or provide service to, the Employer for any reason other than Disability,
death, or termination for Cause, any Option which is otherwise exercisable by the Grantee shall terminate unless exercised within
90 days after the date on which the Grantee ceases to be employed by, or provide service to, the Employer (or within such other
period of time as may be specified by the Committee), but in any event no later than the date of expiration of the Option term.
Except as otherwise provided by the Committee, any of the Grantee&rsquo;s Options that are not otherwise exercisable as of the
date on which the Grantee ceases to be employed by, or provide service to, the Employer shall terminate as of such date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; margin-left: 60pt">(iii)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In the event the Grantee ceases to be employed by, or provide service to, the Company on account of a termination for Cause
by the Employer, any Option held by the Grantee shall terminate as of the date the Grantee ceases to be employed by, or provide
service to, the Employer. In addition, notwithstanding any other provisions of this Section 6, if the Committee determines that
the Grantee has engaged in conduct that constitutes Cause at any time while the Grantee is employed by, or providing service to,
the Employer or after the Grantee&rsquo;s termination of employment or service, any Option held by the Grantee shall immediately
terminate and the Grantee shall automatically forfeit all shares underlying any exercised portion of an Option for which the Company
has not yet delivered the share certificates, upon refund by the Company of the Exercise Price paid by the Grantee for such shares.
Upon any exercise of an Option, the Company may withhold delivery of share certificates pending resolution of an inquiry that could
lead to a finding resulting in a forfeiture.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; margin-left: 60pt">(iv)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In the event the Grantee ceases to be employed by, or provide service to, the Employer because the Grantee is Disabled,
any Option which is otherwise exercisable by the Grantee shall terminate unless exercised within one year after the date on which
the Grantee ceases to be employed by, or provide service to, the Employer (or within such other period of time as may be specified
by the Committee), but in any event no later than the date of expiration of the Option term. Except as otherwise provided by the
Committee, any of the Grantee&rsquo;s Options which are not otherwise exercisable as of the date on which the Grantee ceases to
be employed by, or provide service to, the Employer shall terminate as of such date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; margin-left: 60pt">(v)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If the Grantee dies while employed by, or providing service to, the Employer or within 90 days after the date on which the
Grantee ceases to be employed or provide service on account of a termination specified in Section 6(f)(i) above (or within such
other period of time as may be specified by the Committee), any Option that is otherwise exercisable by the Grantee shall terminate
unless exercised within one year after the date on which the Grantee ceases to be employed by, or provide service to, the Employer
(or within such other period of time as may be specified by the Committee), but in any event no later than the date of expiration
of the Option term. Except as otherwise provided by the Committee, any of the Grantee&rsquo;s Options that are not otherwise exercisable
as of the date on which the Grantee ceases to be employed by, or provide service to, the Employer shall terminate as of such date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(g)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Exercise of Options</U>. A Grantee may exercise an Option that has become exercisable, in whole or in part, by delivering
a notice of exercise to the Company. The Grantee shall pay the Exercise Price for an Option as specified by the Committee (w) in
cash, (x) with the approval of the Committee, by delivering shares of Company Stock owned by the Grantee (including Company Stock
acquired in connection with the exercise of an Option, subject to such restrictions as the Committee deems appropriate) and having
a Fair Market Value on the date of exercise equal to the Exercise Price or by attestation (on a form prescribed by the Committee)
to ownership of shares of Company Stock having a Fair Market Value on the date of exercise equal to the Exercise Price, (y) payment
through a broker in accordance with procedures permitted by Regulation T of the Federal Reserve Board, or (z) by such other method
as the Committee may approve. Shares of Company Stock used to exercise an Option shall have been held by the Grantee for the requisite
period of time to avoid adverse accounting consequences to the Company with respect to the Option. Payment for the shares pursuant
to the Option, and any required withholding taxes, must be received by the time specified by the Committee depending on the type
of payment being made, but in all cases prior to the issuance of the Company Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(h)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Limits on Incentive Stock Options</U>. Each Incentive Stock Option shall provide that, if the aggregate Fair Market Value
of the stock on the date of the grant with respect to which Incentive Stock Options are exercisable for the first time by a Grantee
during any calendar year, under the Plan or any other stock option plan of the Company or a parent or subsidiary, as defined in
section 424 of the Code, exceeds $100,000, then the Option, as to the excess, shall be treated as a Nonqualified Stock Option.
An Incentive Stock Option shall not be granted to any person who is not an Employee of the Company or a parent or subsidiary, as
defined in section 424 of the Code.</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: left; text-indent: 40pt"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 0in"></P>

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

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: left"><I>Section 6. Stock Awards</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">The Committee may
issue or transfer shares of Company Stock to an Employee, Non-Employee Director or Key Advisor under a Stock Award, upon such terms
as the Committee deems appropriate. The following provisions are applicable to Stock Awards:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(a)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>General Requirements</U>. Shares of Company Stock issued or transferred pursuant to Stock Awards may be issued or transferred
for consideration or for no consideration, and subject to restrictions or no restrictions, as determined by the Committee. The
Committee may, but shall not be required to, establish conditions under which restrictions on Stock Awards shall lapse over a period
of time or according to such other criteria as the Committee deems appropriate, including, without limitation, restrictions based
upon the achievement of specific performance goals. The period of time during which the Stock Awards will remain subject to restrictions
will be designated in the Grant Instrument as the &ldquo;Restriction Period.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(b)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Number of Shares</U>. The Committee shall determine the number of shares of Company Stock to be issued or transferred
pursuant to a Stock Award and the restrictions applicable to such shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(c)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Requirement of Employment or Service</U>. If the Grantee ceases to be employed by, or provide service to, the Employer
during a period designated in the Grant Instrument as the Restriction Period, or if other specified conditions are not met, the
Stock Award shall terminate as to all shares covered by the Grant as to which the restrictions have not lapsed, and those shares
of Company Stock must be immediately returned to the Company. The Committee may, however, provide for complete or partial exceptions
to this requirement as it deems appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(d)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Restrictions on Transfer and Legend on Stock Certificate</U>. During the Restriction Period, a Grantee may not sell,
assign, transfer, pledge or otherwise dispose of the shares of a Stock Award except to a successor under Section 15(a). Each certificate
for a share of a Stock Award shall contain a legend giving appropriate notice of the restrictions in the Grant. The Grantee shall
be entitled to have the legend removed from the stock certificate covering the shares subject to restrictions when all restrictions
on such shares have lapsed. The Committee may determine that the Company will not issue certificates for Stock Awards until all
restrictions on such shares have lapsed, or that the Company will retain possession of certificates for shares of Stock Awards
until all restrictions on such shares have lapsed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(e)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Right to Vote and to Receive Dividends</U>. Unless the Committee determines otherwise, during the Restriction Period,
the Grantee shall have the right to vote shares of Stock Awards and to receive any dividends or other distributions paid on such
shares, subject to any restrictions deemed appropriate by the Committee, including, without limitation, the achievement of specific
performance goals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(f)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Lapse of Restrictions</U>. All restrictions imposed on Stock Awards shall lapse upon the expiration of the applicable
Restriction Period and the satisfaction of all conditions imposed by the Committee. The Committee may determine, as to any or all
Stock Awards, that the restrictions shall lapse without regard to any Restriction Period.</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt; text-align: left; text-indent: 40pt"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: left"><I>Section
7. Stock Units</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">The Committee may
grant Stock Units, each of which shall represent one hypothetical share of Company Stock, to an Employee, Non-Employee Director
or Key Advisor, upon such terms and conditions as the Committee deems appropriate. The following provisions are applicable to Stock
Units:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify; text-indent: 80pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(a)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Crediting of Units</U>. Each Stock Unit shall represent the right of the Grantee to receive an amount based on the value
of a share of Company Stock, if specified conditions are met. All Stock Units shall be credited to bookkeeping accounts established
on the Company&rsquo;s records for purposes of the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(b)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Terms of Stock Units</U>. The Committee may grant Stock Units that are payable if specified performance goals or other
conditions are met, or under other circumstances. Stock Units may be paid at the end of a specified performance period or other
period, or payment may be deferred to a date authorized by the Committee. The Committee shall determine the number of Stock Units
to be granted and the requirements applicable to such Stock Units.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(c)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Requirement of Employment or Service</U>. If the Grantee ceases to be employed by, or provide service to, the Employer
during a specified period, or if other conditions established by the Committee are not met, the Grantee&rsquo;s Stock Units shall
be forfeited, unless the Grantee&rsquo;s employment agreement, if any, with the Employer provides otherwise. The Committee may,
however, provide for complete or partial exceptions to this requirement as it deems appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(d)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Payment With Respect to Stock Units</U>. Payments with respect to Stock Units shall be made in cash, in Company Stock,
or in a combination of the two, as determined by the Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: left"><I>Section
8. Stock Appreciation Rights</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">The Committee may
grant stock SARs to an Employee, Non-Employee Director or Key Advisor separately or in tandem with any Option. The following provisions
are applicable to SARs:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(a)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>General Requirements</U>. The Committee may grant SARs to an Employee, Non-Employee Director or Key Advisor separately
or in tandem with any Option (for all or a portion of the applicable Option). Tandem SARs may be granted either at the time the
Option is granted or at any time thereafter while the Option remains outstanding; provided, however, that, in the case of an Incentive
Stock Option, SARs may be granted only at the time of the Grant of the Incentive Stock Option. The Committee shall establish the
base amount of the SAR at the time the SAR is granted. The base amount of each SAR shall be equal to the per share Exercise Price
of the related Option or, if there is no related Option, an amount equal to or greater than the Fair Market Value of a share of
Company Stock as of the date of Grant of the SAR.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(b)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Tandem SARs</U>. In the case of tandem SARs, the number of SARs granted to a Grantee that shall be exercisable during
a specified period shall not exceed the number of shares of Company Stock that the Grantee may purchase upon the exercise of the
related Option during such period. Upon the exercise of an Option, the SARs relating to the Company Stock covered by such Option
shall terminate. Upon the exercise of SARs, the related Option shall terminate to the extent of an equal number of shares of Company
Stock.</P>

<!-- Field: Page; Sequence: 27 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(c)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Exercisability</U>. An SAR shall be exercisable during the period specified by the Committee in the Grant Instrument
and shall be subject to such vesting and other restrictions as may be specified in the Grant Instrument. The Committee may accelerate
the exercisability of any or all outstanding SARs at any time for any reason. SARs may only be exercised while the Grantee is employed
by, or providing service to, the Employer or during the applicable period after termination of employment or service as described
in Section 6(f). A tandem SAR shall be exercisable only during the period when the Option to which it is related is also exercisable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(d)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Grants to Non-Exempt Employees</U>. Notwithstanding the foregoing, SARs granted to persons who are non-exempt employees
under the Fair Labor Standards Act of 1938, as amended, may not be exercisable for at least six months after the date of grant
(except that such SARs may become exercisable, as determined by the Committee, upon the Grantee&rsquo;s death, Disability or retirement,
or upon a Change of Control or other circumstances permitted by applicable regulations).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(e)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Value of SARs</U>. When a Grantee exercises SARs, the Grantee shall receive in settlement of such SARs an amount equal
to the value of the stock appreciation for the number of SARs exercised, payable in cash, Company Stock or a combination thereof.
The stock appreciation for an SAR is the amount by which the Fair Market Value of the underlying Company Stock on the date of
exercise of the SAR exceeds the base amount of the SAR as described in subsection (a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(f)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Form of Payment</U>. The Committee shall determine whether the appreciation in an SAR shall be paid in the form of cash,
shares of Company Stock, or a combination of the two, in such proportion as the Committee deems appropriate. For purposes of calculating
the number of shares of Company Stock to be received, shares of Company Stock shall be valued at their Fair Market Value on the
date of exercise of the SAR. If shares of Company Stock are to be received upon exercise of an SAR, cash shall be delivered in
lieu of any fractional share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: left"><I>Section
9. Other Stock-Based Awards</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">The Committee may
grant Other Stock-Based Awards, which are awards (other than those described in Sections 6, 7, 8, 9 and 11 of the Plan) that are
based on, measured by or payable in Company Stock to any Employee, Non-Employee Director or Key Advisor, on such terms and conditions
as the Committee shall determine. Other Stock-Based Awards may be awarded subject to the achievement of performance goals or other
conditions and may be payable in cash, Company Stock or any combination of the foregoing, as the Committee shall determine.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: left"><I>Section
10. Dividend Equivalents</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">The Committee may
grant Dividend Equivalents in connection with Grants under the Plan. Dividend Equivalents may be paid currently or accrued as contingent
cash obligations and may be payable in cash or shares of Company Stock, and upon such terms as the Committee may establish, including,
without limitation, the achievement of specific performance goals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: left"><I>Section
11. Qualified Performance-Based Compensation</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">The Committee may
determine that Stock Awards, Stock Units, Dividend Equivalents and Other Stock-Based Awards granted to an Employee shall be considered
&ldquo;qualified performance-based compensation&rdquo; under section 162(m) of the Code, in which case the provisions of this Section
12 shall apply to such Grants. The Committee may also grant Options and SARs under which the exercisability of the Options is subject
to achievement of performance goals as described in this Section 12 or otherwise. The following provisions shall apply to Grants
of Stock Awards, Stock Units, Dividend Equivalents and Other Stock-Based Awards that are to be considered &ldquo;qualified performance-based
compensation&rdquo; under section 162(m) of the Code:</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(a)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Performance Goals</U>. When Stock Awards, Stock Units, Dividend Equivalents and Other Stock-Based Awards that are to
be considered &ldquo;qualified performance-based compensation&rdquo; are granted, the Committee shall establish in writing (A)
the objective performance goals that must be met, (B) the performance period during which performance will be measured, (C) the
maximum amounts that may be paid if the performance goals are met, and (D) any other conditions that the Committee deems appropriate
and consistent with the Plan and section 162(m) of the Code. The Committee shall establish the performance goals in writing either
before the beginning of the performance period or during a period ending no later than the earlier of (i) 90 days after the beginning
of the performance period or (ii) the date on which 25% of the performance period has been completed, or such other date as may
be required or permitted under applicable regulations under section 162(m) of the Code. The performance goals shall satisfy the
requirements for &ldquo;qualified performance-based compensation,&rdquo; including the requirement that the achievement of the
goals be substantially uncertain at the time they are established and that the goals be established in such a way that a third
party with knowledge of the relevant facts could determine whether and to what extent the performance goals have been met. The
Committee shall not have discretion to increase the amount of compensation that is payable upon achievement of the designated
performance goals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(b)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Criteria Used for Performance Goals</U>. The Committee shall use objectively determinable performance goals based on
one or more of the following criteria: stock price, earnings per share, price-earnings multiples, net earnings, operating earnings,
revenue, number of days sales outstanding in accounts receivable, productivity, margin, EBITDA (earnings before interest, taxes,
depreciation and amortization), net capital employed, return on assets, stockholder return, return on equity, return on capital
employed, growth in assets, unit volume, sales, cash flow, market share, relative performance to a comparison group designated
by the Committee, or strategic business criteria consisting of one or more objectives based on meeting specified revenue goals,
market penetration goals, customer growth, geographic business expansion goals, cost targets, goals relating to acquisitions or
divestitures or goals relating to FDA or other regulatory approvals. The performance goals may relate to one or more business
units or the performance of the Company as a whole, or any combination of the foregoing. Performance goals need not be uniform
as among Grantees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(c)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Certification of Results</U>. The Committee shall certify the performance results for each performance period after
the announcement of the Company&rsquo;s financial results for the performance period. The Committee shall determine the amount,
if any, to be paid pursuant to each Grant based on the achievement of the performance goals and the satisfaction of all other
terms of the Grant Instrument. If and to the extent that the Committee does not certify that the performance goals have been met,
the grants of Stock Awards, Stock Units and Other Stock-Based Awards for the performance period shall be forfeited or shall not
be made, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(d)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Death, Disability or Other Circumstances</U>. The Committee may provide in the Grant Instrument that Grants under this
Section 12 shall be payable or restrictions on such Grants shall lapse, in whole or in part, in the event of the Grantee&rsquo;s
death or Disability, a Change of Control, or under other circumstances consistent with the Treasury regulations and rulings under
section 162(m) of the Code.</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: left"><I>Section
12. Deferrals</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">The Committee may
permit or require a Grantee to defer receipt of the payment of cash or the delivery of shares that would otherwise be due to such
Grantee in connection with any Grant. The Committee shall establish rules and procedures for any such deferrals, consistent with
applicable requirements of section 409A of the Code.<I></I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: left"><I>Section
13. Withholding of Taxes</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(a)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Required Withholding</U>. All Grants under the Plan shall be subject to applicable federal (including FICA), state and
local tax withholding requirements. The Employer may require that the Grantee or other person receiving or exercising Grants pay
to the Employer the amount of any federal, state or local taxes that the Employer is required to withhold with respect to such
Grants, or the Employer may deduct from other wages paid by the Employer the amount of any withholding taxes due with respect
to such Grants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(b)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Election to Withhold Shares</U>. If the Committee so permits, a Grantee may elect to satisfy the Employer&rsquo;s tax
withholding obligation with respect to Grants paid in Company Stock by having shares withheld, at the time such Grants become
taxable, up to an amount that does not exceed the Grantee&rsquo;s minimum applicable withholding tax rate for federal (including
FICA), state and local tax liabilities. The election must be in a form and manner prescribed by the Committee and may be subject
to the prior approval of the Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: left"><I>Section
14. Transferability of Grants</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">(a)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Restrictions on Transfers</U>. Except as described in subsection (b) below, only the Grantee may exercise rights under
a Grant during the Grantee&rsquo;s lifetime. A Grantee may not transfer those rights except (i) by will or by the laws of descent
and distribution or (ii) with respect to Grants other than Incentive Stock Options, if permitted in any specific case by the Committee,
pursuant to a domestic relations order or otherwise as permitted by the Committee. When a Grantee dies, the personal representative
or other person entitled to succeed to the rights of the Grantee may exercise such rights. Any such successor must furnish proof
satisfactory to the Company of his or her right to receive the Grant under the Grantee&rsquo;s will or under the applicable laws
of descent and distribution.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(b)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Transfer of Nonqualified Stock Options</U>. Notwithstanding the foregoing, the Committee may provide, in a Grant Instrument,
that a Grantee may transfer Nonqualified Stock Options to family members, or one or more trusts or other entities for the benefit
of or owned by family members, consistent with the applicable securities laws, according to such terms as the Committee may determine;
provided that the Grantee receives no consideration for the transfer of an Option and the transferred Option shall continue to
be subject to the same terms and conditions as were applicable to the Option immediately before the transfer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: left"><I>Section
15. Consequences of a Change of Control</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">(a)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Notice and Acceleration</U>. Upon a Change of Control, unless the Committee determines otherwise, (i) the Company shall
provide each Grantee with outstanding Grants written notice of such Change of Control, (ii) all outstanding Options and SARs shall
automatically accelerate and become fully exercisable, (iii) the restrictions and conditions on all outstanding Stock Awards shall
immediately lapse, and (iv) all Stock Units and Other Stock-Based Awards shall be paid at their target value, or in such other
amounts as the Committee may determine.</P>

<!-- Field: Page; Sequence: 30 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(b)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Other Alternatives</U>. Notwithstanding the foregoing, in the event of a Change of Control, the Committee may take one
or both of the following actions with respect to any or all outstanding Grants: the Committee may (i) require that Grantees surrender
their outstanding Options and SARs in exchange for one or more payments by the Company, in cash or Company Stock as determined
by the Committee, in an amount equal to the amount by which the then Fair Market Value of the shares of Company Stock subject to
the Grantee&rsquo;s unexercised Options and SARs exceeds the Exercise Price of the Options or the base amount of the SARs, as applicable,
(ii) after giving Grantees an opportunity to exercise their outstanding Options and SARs, terminate any or all unexercised Options
and SARs at such time as the Committee deems appropriate, or (iii) determine that all outstanding Options and SARs that are not
exercised shall be assumed by, or replaced with comparable options or rights by, the surviving corporation (or a parent or subsidiary
of the surviving corporation), and other outstanding Grants that remain in effect after the Change of Control shall be converted
to similar grants of the surviving corporation (or a parent or subsidiary of the surviving corporation). Such surrender termination
shall take place as of the date of the Change of Control or such other date as the Committee may specify.<I></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: left"><I>Section
16. Requirements for Issuance or Transfer of Shares</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">(a)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Limitations on Issuance or Transfer of Shares</U>. No Company Stock shall be issued or transferred in connection with
any Grant hereunder unless and until all legal requirements applicable to the issuance or transfer of such Company Stock have
been complied with to the satisfaction of the Committee. The Committee shall have the right to condition any Grant made to any
Grantee hereunder on such Grantee&rsquo;s undertaking in writing to comply with such restrictions on his or her subsequent disposition
of such shares of Company Stock as the Committee shall deem necessary or advisable, and certificates representing such shares
may be legended to reflect any such restrictions. Certificates representing shares of Company Stock issued or transferred under
the Plan will be subject to such stop-transfer orders and other restrictions as may be required by applicable laws, regulations
and interpretations, including any requirement that a legend be placed thereon. No Participant shall have any right as a stockholder
with respect to Company Stock covered by a Grant until shares have been issued to the Participant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">(b)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Lock-Up Period</U>. If so requested by the Company or any representative of the underwriters (the &ldquo;Managing Underwriter&rdquo;)
in connection with any underwritten offering of securities of the Company under the Securities Act of 1933, as amended (the &ldquo;Securities
Act&rdquo;), a Grantee (including any successors or assigns) shall not sell or otherwise transfer any shares or other securities
of the Company during the 30-day period preceding and the 180-day period following the effective date of a registration statement
of the Company filed under the Securities Act for such underwriting (or such shorter period as may be requested by the Managing
Underwriter and agreed to by the Company) (the &ldquo;Market Standoff Period&rdquo;). The Company may impose stop-transfer instructions
with respect to securities subject to the foregoing restrictions until the end of such Market Standoff Period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">(c)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Stockholder Approval for &ldquo;Qualified Performance-Based Compensation</U>.&rdquo; If Stock Awards, Stock Units, Dividend
Equivalents and Other Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: left"><I>Section
17. Amendment and Termination of the Plan</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">(a)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Amendment</U>. The Board may amend or terminate the Plan at any time; provided, however, that the Board shall not amend
the Plan without stockholder approval if such approval is required in order to comply with the Code or applicable laws, or to comply
with applicable stock exchange requirements.</P>

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

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-align: justify"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">Based
Awards are granted as &ldquo;qualified performance-based compensation&rdquo; under Section 12 above, the Plan must be reapproved
by the stockholders no later than the first stockholders meeting that occurs in the fifth year following the year in which the
stockholders previously approved the provisions of Section 12, if additional Grants are to be made under Section 12 and if required
by section 162(m) of the Code or the regulations thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(c)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Termination of Plan</U>. The Plan shall terminate on the day immediately preceding the tenth anniversary of its effective
date, unless the Plan is terminated earlier by the Board or is extended by the Board with the approval of the stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(d)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Termination and Amendment of Outstanding Grants</U>. A termination or amendment of the Plan that occurs after a Grant
is made shall not materially impair the rights of a Grantee unless the Grantee consents or unless the Committee acts under Section
19(f). The termination of the Plan shall not impair the power and authority of the Committee with respect to an outstanding Grant.
Whether or not the Plan has terminated, an outstanding Grant may be terminated or amended under Section 19(f) or may be amended
by agreement of the Company and the Grantee consistent with the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(e)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Effective Date of the Plan</U>. The Plan shall be effective as of March 26, 2015, subject to stockholder approval within
12 months thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: left"><I>Section
18. Miscellaneous</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">(a)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Grants in Connection with Corporate Transactions and Otherwise</U>. Nothing contained in this Plan shall be construed
to (i) limit the right of the Committee to make Grants under this Plan in connection with the acquisition, by purchase, lease,
merger, consolidation or otherwise, of the business or assets of any corporation, firm or association, including Grants to employees
thereof who become Employees, or for other proper corporate purposes, or (ii) limit the right of the Company to grant stock options
or make other awards outside of this Plan. The Committee may make a Grant to an employee of another corporation who becomes an
Employee by reason of a corporate merger, consolidation, acquisition of stock or property, reorganization or liquidation involving
the Company in substitution for a stock option or stock awards grant made by such corporation. Notwithstanding anything in the
Plan to the contrary, the Committee may establish such terms and conditions of the substitute grants as it deems appropriate, including
setting the Exercise Price of Options at a price necessary to retain for the Grantee the same economic value as the substituted
Option.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(b)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Governing Document</U>. The Plan shall be the controlling document. No other statements, representations, explanatory
materials or examples, oral or written, may amend the Plan in any manner. The Plan shall be binding upon and enforceable against
the Company and its successors and assigns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(c)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Funding of the Plan; Limitation on Rights</U>. This Plan shall be unfunded. The Company shall not be required to establish
any special or separate fund or to make any other segregation of assets to assure the payment of any Grants under this Plan. Nothing
contained in the Plan and no action taken pursuant hereto shall create or be construed to create a fiduciary relationship between
the Company and any Grantee or any other person. No Grantee or any other person shall under any circumstances acquire any property
interest in any specific assets of the Company. To the extent that any person acquires a right to receive payment from the Company
hereunder, such right shall be no greater than the right of any unsecured general creditor of the Company.</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(d)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Rights of Participants</U>. Nothing in this Plan shall entitle any Employee, Key Advisor, Non-Employee Director or other
person to any claim or right to be granted a Grant under this Plan. Neither this Plan nor any action taken hereunder shall be construed
as giving any individual any rights to be retained by or in the employ of the Employer or any other employment rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(e)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>No Fractional Shares</U>. No fractional shares of Company Stock shall be issued or delivered pursuant to the Plan or
any Grant. The Committee shall determine whether cash, other awards or other property shall be issued or paid in lieu of such
fractional shares or whether such fractional shares or any rights thereto shall be forfeited or otherwise eliminated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(f)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Compliance with Law</U>. The Plan, the exercise of Options and SARs and the obligations of the Company to issue or transfer
shares of Company Stock under Grants shall be subject to all applicable laws and to approvals by any governmental or regulatory
agency as may be required. With respect to persons subject to section 16 of the Exchange Act, it is the intent of the Company
that the Plan and all transactions under the Plan comply with all applicable provisions of Rule 16b-3 or its successors under
the Exchange Act. In addition, it is the intent of the Company that Incentive Stock Options comply with the applicable provisions
of section 422 of the Code, that Grants of &ldquo;qualified performance-based compensation&rdquo; comply with the applicable provisions
of section 162(m) of the Code and that, to the extent applicable, Grants comply with the requirements of section 409A of the Code.
To the extent that any legal requirement of section 16 of the Exchange Act or sections 422, 162(m) or 409A of the Code as set
forth in the Plan ceases to be required under section 16 of the Exchange Act or sections 422, 162(m) or 409A of the Code, that
Plan provision shall cease to apply. The Committee may revoke any Grant if it is contrary to law or modify a Grant to bring it
into compliance with any valid and mandatory government regulation. The Committee may also adopt rules regarding the withholding
of taxes on payments to Participants. The Committee may, in its sole discretion, agree to limit its authority under this Section.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(g)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Employees Subject to Taxation Outside the United States</U>. With respect to Grantees who are subject to taxation in
countries other than the United States, the Committee may make Grants on such terms and conditions as the Committee deems appropriate
to comply with the laws of the applicable countries, and the Committee may create such procedures, addenda and subplans and make
such modifications as may be necessary or advisable to comply with such laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-bottom: 12pt; text-align: justify; text-indent: 40pt">(h)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Governing Law</U>. The validity, construction, interpretation and effect of the Plan and Grant Instruments issued under
the Plan shall be governed and construed by and determined in accordance with the laws of the State of Delaware, without giving
effect to the conflict of laws provisions thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Approved by the Board of Directors on
March 26, 2015 and by the stockholders on September __, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>



<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 3pt; margin-bottom: 3pt"><!-- Field: Page; Sequence: 18 --><DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">Exhibit B - 16</TD></TR></TABLE></DIV>
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