<SEC-DOCUMENT>0001493152-17-006184.txt : 20170605
<SEC-HEADER>0001493152-17-006184.hdr.sgml : 20170605
<ACCEPTANCE-DATETIME>20170605163049
ACCESSION NUMBER:		0001493152-17-006184
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20170531
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Unregistered Sales of Equity Securities
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170605
DATE AS OF CHANGE:		20170605

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DOCUMENT SECURITY SYSTEMS INC
		CENTRAL INDEX KEY:			0000771999
		STANDARD INDUSTRIAL CLASSIFICATION:	PAPERBOARD CONTAINERS & BOXES [2650]
		IRS NUMBER:				161229730
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32146
		FILM NUMBER:		17891567

	BUSINESS ADDRESS:	
		STREET 1:		200 CANAL VIEW BOULEVARD
		STREET 2:		SUITE 300
		CITY:			ROCHESTER
		STATE:			NY
		ZIP:			14623
		BUSINESS PHONE:		585 232 1500

	MAIL ADDRESS:	
		STREET 1:		200 CANAL VIEW BOULEVARD
		STREET 2:		SUITE 300
		CITY:			ROCHESTER
		STATE:			NY
		ZIP:			14623

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NEW SKY COMMUNICATIONS INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	THOROUGHBREDS USA INC
		DATE OF NAME CHANGE:	19861118
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8-k.htm
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<P STYLE="margin: 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&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; font-size: 18pt"><B>UNITED
STATES</B></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; font-size: 18pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B></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; font-size: 12pt"><B>Washington,
D.C. 20549</B></FONT> </P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&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; font-size: 18pt"><B>FORM
8-K</B></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; font-size: 10pt">&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; font-size: 10pt"><B>CURRENT
REPORT</B></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; font-size: 10pt">&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; font-size: 10pt"><B>Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934</B></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; font-size: 10pt">&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; font-size: 10pt">Date
of Report (Date of earliest event reported): May 31, 2017</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; font-size: 10pt">&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; font-size: 18pt"><B>DOCUMENT
SECURITY SYSTEMS, INC.</B></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; font-size: 10pt"><B>(Exact
name of registrant as specified in its charter) </B></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; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; width: 32%; text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>New
    York</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 2%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 32%; text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>001-32146</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 2%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 32%; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>16-1229730</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Time New Roman, Times, Serif; font-size: 10pt"><B>(State or other jurisdiction</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>of incorporation)</B></FONT></P></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(Commission</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>File Number)</B></FONT></P></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(IRS Employer</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Identification No.)</B></FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; width: 49%; font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>200
        Canal View Boulevard</B></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; font-size: 10pt"><B>Suite
        300</B></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; font-size: 10pt"><B>Rochester,
        NY </B></FONT></P></TD>
    <TD STYLE="vertical-align: bottom; width: 2%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 49%; text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>14623</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(Address
    of principal executive offices)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(Zip
    Code)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&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; font-size: 10pt">Registrant&rsquo;s
telephone number, including area code: <B>(585) 325-3610</B></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; font-size: 10pt"><B>&nbsp;</B></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; font-size: 10pt"><B>Not
Applicable</B></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; font-size: 10pt"><B>(Former
name or former address, if changed since last report.) </B></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; font-size: 10pt">&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; font-size: 10pt">Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2. below):</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; font-size: 10pt">&nbsp;</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; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&nbsp;&nbsp;]</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Written
    communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&nbsp;&nbsp;]</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Soliciting
    material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&nbsp;&nbsp;]</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pre-commencement
    communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&nbsp;&nbsp;]</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pre-commencement
    communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></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; font-size: 10pt">Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&sect;230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&sect;240.12b-2 of this chapter).</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Emerging
growth company [&nbsp;&nbsp;]</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&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; font-size: 10pt">If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [&nbsp;&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; font-size: 10pt">&nbsp;</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
1.01 Entry into a Material Definitive Agreement</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
previously reported, on December 31, 2011, Document Security Systems, Inc. (the &ldquo;Company&rdquo;) entered into a Convertible
Promissory Note (the &ldquo;Laufer Note&rdquo;) with Mayer Laufer (&ldquo;Laufer&rdquo;) in the principal sum of $575,000. Also,
as previously reported, the Laufer Note was amended on May 24, 2013, February 23, 2015 and April 12, 2016 to extend its maturity
date, to eliminate its conversion feature, and to restructure its payment schedule.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
May 31, 2017, the Company entered into Convertible Promissory Note Amendment No. 4 (&ldquo;Laufer Note Amendment No. 4&rdquo;)
amending the Laufer Note (i) to extend the Maturity Date to April 30, 2018 (the &ldquo;Extended Note Maturity Date&rdquo;) and
(ii) to restructure the remaining principal and interest payments as specifically set forth in the Payment Schedule contained
in Exhibit 10.1 to this Current Report on Form 8-K. Except as expressly amended by Laufer Note Amendment No. 4, all other terms
and conditions of the Laufer Note and previously executed amendments thereto will remain in force through the Extended Note Maturity
Date. Laufer is neither an affiliate of, nor a related party to the Company.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
</FONT>consideration of Laufer&rsquo;s agreement to enter into Laufer Note Amendment No. 4, the Company has agreed to issue Laufer
18,000 shares of its common stock.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
foregoing description is a summary only, does not purport to set forth the complete terms of Laufer Note Amendment No. 4, and
is qualified in its entirety by reference to Convertible Promissory Note Amendment No. 4 filed as Exhibit 10.1 to this Current
Report on Form 8-K.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Also,
as previously reported, on May 24, 2013, the Company entered into a Promissory Note (the &ldquo;CNE Note&rdquo;) with Congregation
Noam Elimelech (the &ldquo;Lender&rdquo;) in the principal sum of $850,000. Also, as previously reported, the CNE Note was amended
on May 2, 2014, February 23, 2015 and April 12, 2016 to extend its maturity date and restructure its payment schedule.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
May 31, 2017, the Company entered into Promissory Note Amendment No. 4 (&ldquo;CNE Note Amendment No. 4&rdquo;) with Lender amending
the CNE Note (i) to extend the Maturity Date to December 31, 2018 (the &ldquo;Extended Maturity Date&rdquo;) and (ii) to restructure
the remaining principal and interest payments as specifically set forth in the Payment Schedule contained in Exhibit 10.2 to this
Current Report on Form 8-K. Except as expressly amended by CNE Note Amendment No. 4, all other terms and conditions of the CNE
Note and previously executed amendments thereto will remain in force through the Extended Maturity Date. The Lender is neither
an affiliate of, nor a related party to the Company.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
</FONT>consideration of Lender&rsquo;s agreement to enter into CNE Note Amendment No. 4, the Company has agreed to issue Lender
18,000 shares of its common stock.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
foregoing description is a summary only, does not purport to set forth the complete terms of CNE Note Amendment No. 4, and is
qualified in its entirety by reference to Promissory Note Amendment No. 4 filed as Exhibit 10.2 to this Current Report on Form
8-K.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&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; font-size: 10pt"><B>Item
2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant</B></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; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
information provided in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.</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; font-size: 10pt">&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; font-size: 10pt"><B>Item
3.02 Unregistered Sales of Equity Securities</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The 36,000 shares of
common stock issued in connection with and as partial consideration for the Laufer Note Amendment No. 4 and the CNE Note Amendment
No. 4 discussed in Item 1.01 above were issued in private transactions pursuant to an exemption from registration provided by
Section 4(2) of the Securities Act of 1933, as amended.</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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&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; font-size: 10pt"><B>Item
9.01 Financial Statements and Exhibits</B></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; font-size: 10pt"><B>&nbsp;</B></FONT></P>

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<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(d)</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibits</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></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; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 0.75in; font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit
    No.</FONT></TD>
    <TD STYLE="width: 0.2in; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Description</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.1</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
     Convertible Promissory Note Amendment No. 4 dated May 31, 2017.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.2</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Promissory Note Amendment No. 4 dated May 31, 2017.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 24.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.</FONT></P>

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

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    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>DOCUMENT
    SECURITY SYSTEMS, INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 3%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 47%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dated:
    June 5, 2017</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>/s/
    Jeffrey Ronaldi</I></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Jeffrey
    Ronaldi</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Chief
    Executive Officer</I></B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

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


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</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10-1.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>CONVERTIBLE
PROMISSORY NOTE AMENDMENT No. 4</U></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
CONVERTIBLE PROMISSORY NOTE AMENDMENT NO. 4 (the &ldquo;<I>Amendment</I>&rdquo;) is made as of May 31, 2017 (the &ldquo;<I>Amendment
Date</I>&rdquo;) by and between DOCUMENT SECURITY SYSTEMS, INC. (&ldquo;<I>Borrower</I>&rdquo;), a corporation formed under the
laws of the State of New York, with offices at 200 Canal View Boulevard, Suite 300, Rochester, New York 14623 and MAYER LAUFER
(&ldquo;<I>Lender</I>&rdquo;).</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Amendment amends the Convertible Promissory Note (&ldquo;<I>Note</I>&rdquo;), dated December 30, 2011, made among Borrower and
Lender, as follows. All capitalized terms used herein without definition shall have the meanings ascribed to them in the Note.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
parties agree as follows:</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.05pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.
Section 1 of the Note shall be, and hereby is, amended to read in its entirety as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.05pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 0.75in; font: normal 10pt Times New Roman, Times, Serif; text-align: justify; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 0.5in; font: normal 10pt Times New Roman, Times, Serif; text-align: justify; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;1.</FONT></TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: justify; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Maturity</U>.
    The aggregate outstanding Principal Amount, together with all accrued interest thereon and expenses incurred by the Lender
    in connection herewith (cumulatively, the &ldquo;Outstanding Amount&rdquo;), shall be due and payable in full on the earliest
    to occur of (the earliest of such events being the &ldquo;Maturity Date&rdquo;): (i) April 30, 2018 (the &ldquo;Scheduled
    Maturity Date&rdquo;) and (ii) the acceleration of this Note upon the occurrence of an Event of Default.&rdquo;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.05pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.05pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.
Section 2 of the Note shall be, and hereby is, amended to read in its entirety as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in; text-align: justify; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 0.75in; font: normal 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0in; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 0.5in; font: normal 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0in; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;2.</FONT></TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0in; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Principal
    and Interest</U>. Borrower shall continue to make principal payments in accordance with the attached Exhibit A (&ldquo;Payment
    Schedule&rdquo;) until the Maturity Date. In addition to the monthly principal payments, Borrower shall make monthly interest
    payments which shall accrue on the then outstanding balance of the Principal Amount at a fixed interest rate equal to 10%
    per annum. Accrued interest shall be payable in cash in arrears on the last day of each calendar month until the Principal
    Amount is paid in full. If at any time the outstanding Principal Amount shall be paid in full, then all accrued interest shall
    be payable at the time of such principal payment.&rdquo;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 37.05pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 37.05pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3. <U>Note
Ratified.</U> Except as expressly amended hereby, the Note and previously executed amendments thereto are in all respects
ratified and confirmed, and all of the terms, provisions and conditions thereof shall be and remain in full force and effect,
and this Amendment and all of its terms, provisions and conditions shall be deemed to be a part of the Note.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 37.05pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 37.05pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4. <U>No
Events of Default.</U> The Borrower confirms that, as of the date hereof, there exists no condition or event that
constitutes (or that would after expiration of applicable grace or cure periods constitute) an Event of Default.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 37.05pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 37.05pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 37.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5. <U>Costs
and Expenses.</U> Borrower agrees to pay any and all reasonable costs incurred in connection with preparation for closing,
the closing, and post-closing items relating to this Amendment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 37.05pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 37.05pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6. <U>Governing
Law.</U> This Amendment, together with all of the rights and obligations of the parties hereto, shall be construed and
interpreted in accordance with the laws of the State of New York, excluding the laws applicable to conflicts or choice of
law.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IN
WITNESS WHEREOF, the parties have caused this Amendment to be executed by their duly authorized representatives by their signatures
below.</FONT>&nbsp;</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="width: 2.5in; text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">LENDER</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid"><I>/s/ <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mayer
    Laufer</FONT></I></TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;</I></FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mayer
    Laufer</FONT></TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD COLSPAN="2" STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DOCUMENT
    SECURITY SYSTEMS, INC. (Borrower)</FONT></TD>
    <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 5%; font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 45%; font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1.5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; border-bottom: Black 1.5pt solid"><I>/s/ Philip
    Jones</I></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Name:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Philip
    Jones</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Title:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Chief
    Financial Officer</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" STYLE="font-weight: bold; text-align: justify; border-bottom: Black 1.5pt solid">$575,000 Convertible Promissory Note with Mayer Laufer Dated December 30, 2011 due May 31, 2017- extension until April 30, 2018</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; text-align: left; border-bottom: Black 1.5pt solid">Beginning Balance</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Principal Payment</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">$ 575,000</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Interest</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Interest due</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 36%; text-align: right">1/31/2015</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">10</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; text-align: right">4,792</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right">2/28/2015</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">560,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,792</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right">3/31/2015</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">545,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,667</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right">4/30/2015</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">530,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,542</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right">5/31/2015</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">515,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,417</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right">6/30/2015</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">500,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,292</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right">7/31/2015</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">485,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,167</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right">8/31/2015</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">470,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,042</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right">9/30/2015</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">455,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,917</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right">10/31/2015</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">440,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,792</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right">11/30/2015</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">425,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,667</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right">12/31/2015</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">410,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,542</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right">1/31/2016</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">395,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,417</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right">2/29/2016</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">380,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,292</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right">3/31/2016</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">365,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,167</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right">4/30/2016</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">350,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,042</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right">5/31/2016</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">335,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,917</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right">6/30/2016</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">320,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,792</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right">7/31/2016</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">305,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,667</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right">8/31/2016</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">290,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,542</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right">9/30/2016</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">275,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,417</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right">10/31/2016</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">260,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,292</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right">11/30/2016</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">245,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,167</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right">12/31/2016</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">230,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2,042</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right">1/31/2017</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">215,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,917</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right">2/28/2017</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">200,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,792</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right">3/31/2017</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">185,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,667</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right">4/30/2017</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">170,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,542</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right">5/31/2017</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">155,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,417</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-decoration: underline; text-align: left">Extension</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right">6/30/2017</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">140,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,292</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right">7/31/2017</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">125,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,167</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right">8/31/2017</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">110,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,042</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right">9/30/2017</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">95,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">917</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right">10/31/2017</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">80,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">792</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right">11/30/2017</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">65,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">667</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right">12/31/2017</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">50,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">542</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right">1/31/2018</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">35,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">417</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right">2/28/2018</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">20,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">292</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: right">3/31/2018</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">15,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">167</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: right">4/30/2018</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">5,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">42</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

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<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ex10-2.htm
<TEXT>
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<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0; font: 10pt Times New Roman, Times, Serif; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0; text-decoration: none; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>PROMISSORY
NOTE AMENDMENT No. 4</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-transform: uppercase; text-align: center; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
PROMISSORY NOTE AMENDMENT NO. 4 (the &ldquo;<I>Amendment</I>&rdquo;) is made as of May 31, 2017 (the &ldquo;<I>Amendment Date</I>&rdquo;)
by and between DOCUMENT SECURITY SYSTEMS, INC. (the &ldquo;<I>Borrower</I>&rdquo;), a corporation formed under the laws of the
State of New York, with offices at 200 Canal View Boulevard, Suite 300, Rochester, New York 14623 and CONGREGATION NOAM ELIMELECH
(the &ldquo;<I>Lender</I>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Amendment amends the Promissory Note (&ldquo;<I>Note</I>&rdquo;), dated May 24, 2013, made among Borrower and Lender, as follows.
All capitalized terms used herein without definition shall have the meanings ascribed to them in the Note.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
parties agree as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.05pt; text-align: justify; text-indent: 0.5in; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.&nbsp;Section
1 of the Note shall be, and hereby is, amended to read in its entirety as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.05pt; text-align: justify; text-indent: 0.5in; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; text-decoration: none; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; text-decoration: none; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 0.5in; font: normal 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0in; layout-grid-mode: line; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;1.</FONT></TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-decoration: none; text-align: justify; text-indent: 0in; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Maturity</U>.
    The aggregate outstanding Principal Amount, together with all accrued interest thereon and expenses incurred by the Lender
    in connection herewith (cumulatively, the &ldquo;Outstanding Amount&rdquo;), shall be due and payable in full on the earliest
    to occur of (the earliest of such events being the &ldquo;Maturity Date&rdquo;): (i) December 31, 2018 (the &ldquo;Scheduled
    Maturity Date&rdquo;) and (ii) the acceleration of this Note upon the occurrence of an Event of Default.&rdquo;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 108.3pt; text-align: justify; text-indent: -37.05pt; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.05pt; text-align: justify; text-indent: 0.5in; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.
Section 2 of the Note shall be, and hereby is, amended to read in its entirety as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.05pt; text-align: justify; text-indent: 0.5in; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; text-decoration: none; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; text-decoration: none; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 0.5in; font: normal 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0in; layout-grid-mode: line; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;2.</FONT></TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-decoration: none; text-align: justify; text-indent: 0in; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Principal
    and Interest</U>. Borrower shall continue to make principal payments in accordance with the attached Exhibit A (&ldquo;Payment
    Schedule&rdquo;) until the Maturity Date. In addition to the monthly principal payments, Borrower shall make monthly interest
    payments which shall accrue on the then outstanding balance of the Principal Amount at a fixed interest rate equal to 9% per
    annum. Accrued interest shall be payable in cash in arrears on the last day of each calendar month until the Principal Amount
    is paid in full. If at any time the outstanding Principal Amount shall be paid in full, then all accrued interest shall be
    payable at the time of such principal payment.&rdquo;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in; text-align: justify; text-indent: -0.5in; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 37.05pt; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.&nbsp;<U>Note
Ratified.</U> Except as expressly amended hereby, the Note and previously executed amendments thereto are in all respects ratified
and confirmed, and all of the terms, provisions and conditions thereof shall be and remain in full force and effect, and this
Amendment and all of its terms, provisions and conditions shall be deemed to be a part of the Note.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 37.05pt; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 37.05pt; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.&nbsp;<U>No
Events of Default.</U> The Borrower confirms that, as of the date hereof, there exists no condition or event that constitutes
(or that would after expiration of applicable grace or cure periods constitute) an Event of Default.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 37.05pt; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 37.05pt; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 37.05pt; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.&nbsp;<U>Costs
and Expenses.</U> Borrower agrees to pay any and all reasonable costs incurred in connection with preparation for closing, the
closing, and post-closing items relating to this Amendment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 37.05pt; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 37.05pt; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.&nbsp;<U>Governing
Law.</U> This Amendment, together with all of the rights and obligations of the parties hereto, shall be construed and interpreted
in accordance with the laws of the State of New York, excluding the laws applicable to conflicts or choice of law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 37.05pt; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IN
WITNESS WHEREOF, the parties have caused this Amendment to be executed by their duly authorized representatives by their signatures
below.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; text-decoration: none">
<TR STYLE="vertical-align: top; text-decoration: none; font: 10pt Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 0; padding-left: 0; text-align: left; text-decoration: none; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CONGREGATION NOAM ELIMELECH (Lender)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 0; padding-left: 0; text-align: left; text-indent: 0; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-decoration: none; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: left; text-indent: 0; text-decoration: none; font: 10pt Times New Roman, Times, Serif; width: 0.35in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: left; text-indent: 0; text-decoration: none; font: 10pt Times New Roman, Times, Serif; width: 2.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: left; text-indent: 0; text-decoration: none; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-decoration: none; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 0; padding-left: 0; text-align: left; text-decoration: none; font: 10pt Times New Roman, Times, Serif; text-indent: 0; border-bottom: Black 1.5pt solid"><I>/s/
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mayer Laufer</FONT></I></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: left; text-decoration: none; font: 10pt Times New Roman, Times, Serif; text-indent: 0; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-decoration: none; font: 10pt Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: left; text-decoration: none; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: left; text-decoration: none; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mayer
    Laufer</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: left; text-decoration: none; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-decoration: none; font: 10pt Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: left; text-decoration: none; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: left; text-decoration: none; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">President</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: left; text-decoration: none; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-decoration: none; font: 10pt Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: left; text-decoration: none; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: left; text-decoration: none; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: left; text-decoration: none; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-decoration: none; font: 10pt Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 0; padding-left: 0; text-align: left; text-decoration: none; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">DOCUMENT SECURITY SYSTEMS, INC. (Borrower)</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: left; text-decoration: none; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-decoration: none; font: 10pt Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 0; padding-left: 0; text-align: left; text-decoration: none; font: 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: left; text-decoration: none; font: 10pt Times New Roman, Times, Serif; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-decoration: none; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 0; padding-left: 0; text-align: left; text-decoration: none; font: 10pt Times New Roman, Times, Serif; text-indent: 0; border-bottom: Black 1.5pt solid"><I>/s/
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Philip Jones</FONT></I></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: left; text-decoration: none; font: 10pt Times New Roman, Times, Serif; text-indent: 0; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-decoration: none; font: 10pt Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: left; text-decoration: none; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: left; text-decoration: none; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Philip
    Jones</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: left; text-decoration: none; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-decoration: none; font: 10pt Times New Roman, Times, Serif">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: left; text-decoration: none; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: left; text-decoration: none; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    Financial Officer</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: left; text-decoration: none; font: 10pt Times New Roman, Times, Serif; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center; text-decoration: none"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Exhibit
A</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Payment
Schedule</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; text-decoration: none">
<TR STYLE="vertical-align: top; text-decoration: none; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 100%; padding-right: 0; padding-left: 0; text-align: justify; text-decoration: none; font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>$850,000
    Promissory Note with Congregation Noam Elimelech Dated May 24, 2013 due May 31, 2017- extension until December 31, 2018</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-decoration: none"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-top: 0; padding-right: 0; border-bottom: Black 1.5pt solid; font-weight: bold; text-decoration: none; text-align: left">Beginning Balance</TD><TD STYLE="padding: 0 0 1.5pt; font-weight: bold; text-decoration: none">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; padding-top: 0; padding-right: 0; padding-left: 0; font-weight: bold; text-align: center; text-decoration: none"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Principal Payment</B></FONT></TD><TD STYLE="padding: 0 0 1.5pt; font-weight: bold; text-align: left; text-decoration: none">&nbsp;</TD><TD STYLE="padding: 0 0 1.5pt; font-weight: bold; text-decoration: none">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; padding-top: 0; padding-right: 0; padding-left: 0; font-weight: bold; text-align: center; text-decoration: none">$ 850,000</TD><TD STYLE="padding: 0 0 1.5pt; font-weight: bold; text-align: left; text-decoration: none">&nbsp;</TD><TD STYLE="padding: 0 0 1.5pt; font-weight: bold; text-decoration: none">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; padding-top: 0; padding-right: 0; padding-left: 0; font-weight: bold; text-align: center; text-decoration: none"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Interest</B></FONT></TD><TD STYLE="padding: 0 0 1.5pt; font-weight: bold; text-align: left; text-decoration: none">&nbsp;</TD><TD STYLE="padding: 0 0 1.5pt; font-weight: bold; text-decoration: none">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; padding-top: 0; padding-right: 0; padding-left: 0; font-weight: bold; text-align: center; text-decoration: none"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Interest due</B></FONT></TD><TD STYLE="padding: 0 0 1.5pt; font-weight: bold; text-align: left; text-decoration: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255); text-decoration: none">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0; width: 36%">1/31/2015</TD><TD STYLE="text-decoration: none; padding: 0; width: 2%">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0; width: 1%">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0; width: 12%">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0; width: 1%">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0; width: 2%">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0; width: 1%">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0; width: 12%">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0; width: 1%">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0; width: 2%">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0; width: 1%">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0; width: 12%">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0; width: 1%">%</TD><TD STYLE="text-decoration: none; padding: 0; width: 2%">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0; width: 1%">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0; width: 12%">6,375</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0; width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White; text-decoration: none">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">2/28/2015</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">835,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">6,375</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255); text-decoration: none">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">3/31/2015</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">820,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">6,263</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">4/30/2015</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">805,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">6,150</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">5/31/2015</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">790,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">6,038</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">6/30/2015</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">775,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">5,925</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">7/31/2015</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">760,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">5,813</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">8/31/2015</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">745,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">5,700</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">9/30/2015</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">730,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">5,588</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">10/31/2015</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">715,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">5,475</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">11/30/2015</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">700,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">5,363</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">12/31/2015</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">685,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">5,250</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">1/31/2016</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">670,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">5,138</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">2/29/2016</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">655,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">5,025</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">3/31/2016</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">640,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">4,913</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">4/30/2016</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">625,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">4,800</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">5/31/2016</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">610,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">4,688</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">6/30/2016</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">595,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">4,575</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">7/31/2016</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">580,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">4,463</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">8/31/2016</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">565,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">4,350</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">9/30/2016</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">550,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">4,238</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">10/31/2016</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">535,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">4,125</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">11/30/2016</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">520,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">4,013</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">12/31/2016</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">505,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">3,900</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">1/31/2017</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">490,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">3,788</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">2/28/2017</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">475,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">3,675</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">3/31/2017</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">460,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">3,563</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">4/30/2017</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">445,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">3,450</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">5/31/2017</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">430,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">3,338</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-decoration: underline; text-align: left; padding: 0">Extension</TD><TD STYLE="font-weight: bold; text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-weight: bold; text-decoration: none; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-weight: bold; text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">6/30/2017</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">415,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">3,225</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">7/31/2017</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">400,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">3,113</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">8/31/2017</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">385,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">3,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">9/30/2017</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">370,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">2,888</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">10/31/2017</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">355,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">2,775</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">11/30/2017</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">340,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">2,663</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">12/31/2017</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">325,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">2,550</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">1/31/2018</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">310,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">2,438</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">2/28/2018</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">295,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">2,325</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">3/31/2018</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">15,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">280,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">2,213</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">4/30/2018</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">25,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">255,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">2,100</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">5/31/2018</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">30,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">225,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">1,913</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">6/30/2018</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">30,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">195,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">1,688</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">7/31/2018</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">30,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">165,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">1,463</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">8/31/2018</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">30,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">135,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">1,238</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">9/30/2018</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">30,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">105,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">1,013</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">10/31/2018</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">30,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">75,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">788</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">11/30/2018</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">30,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">45,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">563</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-decoration: none; text-align: right; padding: 0">12/31/2018</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">$</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">45,000</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">-</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">9</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">%</TD><TD STYLE="text-decoration: none; padding: 0">&nbsp;</TD>
    <TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="text-decoration: none; text-align: right; padding: 0">338</TD><TD STYLE="text-decoration: none; text-align: left; padding: 0">&nbsp;</TD></TR>
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