<SEC-DOCUMENT>0001171843-17-002190.txt : 20170419
<SEC-HEADER>0001171843-17-002190.hdr.sgml : 20170419
<ACCEPTANCE-DATETIME>20170419090016
ACCESSION NUMBER:		0001171843-17-002190
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170418
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Material Modifications to Rights of Security Holders
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170419
DATE AS OF CHANGE:		20170419

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Capstone Therapeutics Corp.
		CENTRAL INDEX KEY:			0000887151
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				860585310
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21214
		FILM NUMBER:		17768824

	BUSINESS ADDRESS:	
		STREET 1:		1275 WEST WASHINGTON STREET
		STREET 2:		SUITE 101
		CITY:			TEMPE
		STATE:			AZ
		ZIP:			85281
		BUSINESS PHONE:		6022865520

	MAIL ADDRESS:	
		STREET 1:		1275 WEST WASHINGTON STREET
		STREET 2:		SUITE 101
		CITY:			TEMPE
		STATE:			AZ
		ZIP:			85281

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ORTHOLOGIC CORP
		DATE OF NAME CHANGE:	19940211
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>f8k_041917.htm
<DESCRIPTION>FORM 8-K
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<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">UNITED STATES</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549<BR>
______________________</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">FORM 8-K<BR>
CURRENT REPORT</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Pursuant to Section 13 or 15(d)<BR>
of the Securities Exchange Act of 1934</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">_______________________</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 6pt 0 0pt">Date of Report: April 18, 2017 (Date of earliest event reported)</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 100%; text-align: center; border-bottom: Black 1.1pt solid"><B>CAPSTONE THERAPEUTICS CORP.</B></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: center">(Exact name of registrant as specified in its charter)</TD></TR>
</TABLE>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 32%; border-bottom: Black 1pt solid; text-align: center; text-indent: 0in">Delaware</TD>
    <TD STYLE="width: 2%; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="width: 32%; border-bottom: Black 1pt solid; text-align: center; text-indent: 0in">000-21214</TD>
    <TD STYLE="width: 2%; text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="width: 32%; border-bottom: Black 1pt solid; text-align: center; text-indent: 0in">86-0585310</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; text-indent: 0in">(State or other jurisdiction of <BR>
incorporation)</TD>
    <TD STYLE="text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: center; text-indent: 0in">(Commission File Number)</TD>
    <TD STYLE="text-align: center; text-indent: 0in">&nbsp;</TD>
    <TD>
        <P STYLE="font-size: 10pt; text-align: center; text-indent: 0in; margin: 0pt 0">(I.R.S. Employer</P>
        <P STYLE="font-size: 10pt; text-align: center; text-indent: 0in; margin: 0pt 0">Identification No.)</P></TD></TR>
</TABLE>
<P STYLE="font-size: 10pt; text-indent: 0in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0in; margin: 0pt 0"></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="font-size: 10pt; vertical-align: middle; width: 66%; text-align: center; border-bottom: Black 1.1pt solid">1275 West Washington Street, Suite 104,&nbsp;&nbsp;Tempe, Arizona</TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: middle; text-align: center; width: 33%; border-bottom: Black 1.1pt solid">85281</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; vertical-align: middle; text-align: center">(Address of principal executive offices)&nbsp;&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: middle; text-align: center">(Zip Code)</TD></TR>
</TABLE>

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

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Registrant&rsquo;s telephone number, including area code:<BR>
(602) 286-5520</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">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):</P>

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

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">[ ]&nbsp;&nbsp;&nbsp;&#9;Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)</P>

<P STYLE="font-size: 10pt; text-indent: 0in; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">[ ]&nbsp;&nbsp;&nbsp;&#9;Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font-size: 10pt; text-indent: 0in; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">[ ]&nbsp;&nbsp;&nbsp;&#9;Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font-size: 10pt; text-indent: 0in; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">[ ]&nbsp;&nbsp;&nbsp;&#9;Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font-size: 10pt; text-indent: 0in; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of
1933 (17 CFR &sect;230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR &sect;240.12b-2). Emerging growth
company [&nbsp;&nbsp;]</P>

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

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">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; ]</P>

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

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"></P>

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

<P STYLE="font-size: 10pt; text-align: center; text-indent: -0.75pt; margin: 0pt 0"><B>Section 1 &ndash; Registrant&rsquo;s Business and Operations</B></P>

<P STYLE="font-size: 10pt; text-align: center; text-indent: -0.75pt; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">Item 1.01</TD><TD STYLE="text-align: left">Entry into a Material Definitive Agreement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">On April 18, 2017, the Board of Directors (the
&ldquo;Board&rdquo;) of Capstone Therapeutics Corp. (the &ldquo;Company&rdquo;) authorized and declared a dividend distribution
of one right (a &ldquo;Right&rdquo;) for each outstanding share of common stock, par value $0.0005 per share (the &ldquo;Common
Shares&rdquo;), of the Company to shareholders of record as of the close of business on April 18, 2017 (the &ldquo;Record Date&rdquo;).
Each Right entitles the registered holder to purchase from the Company one one-hundredth of a share of Series A Preferred Stock,
par value $0.0005 per share (the &ldquo;Preferred Shares&rdquo;), of the Company at an exercise price of $5.00 per one one-hundredth
of a Preferred Share, subject to adjustment (the &ldquo;Exercise Price&rdquo;). The complete terms of the Rights are set forth
in a Tax Benefit Preservation Plan (the &ldquo;Benefit Plan&rdquo;), dated as of April 18, 2017, between the Company and Computershare
Inc., as rights agent.</P>

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

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">By adopting the Benefit Plan, the Board is seeking
to protect the Company&rsquo;s ability to use its net operating losses and other tax attributes (collectively, &ldquo;Tax Benefits&rdquo;).
The Company views its Tax Benefits as highly valuable assets of the Company that are likely to inure to the benefit of the Company
and its shareholders. However, if the Company experiences an &ldquo;ownership change,&rdquo; as defined in Section 382 of the Internal
Revenue Code (the &ldquo;Code&rdquo;), its ability to use the Tax Benefits could be substantially limited, and the timing of the
usage of the Tax Benefits could be substantially delayed, which could significantly impair the value of the Tax Benefits. Generally,
an &ldquo;ownership change&rdquo; occurs if the percentage of the Company&rsquo;s stock owned by one or more &ldquo;five percent
shareholders&rdquo; increases by more than 50 percentage points over the lowest percentage of stock owned by such shareholders
at any time during the prior three-year period or, if sooner, since the last &ldquo;ownership change&rdquo; experienced by the
Company. The Plan is intended to act as a deterrent to any person acquiring 4.90% or more of the outstanding Common Shares without
the approval of the Board. This would protect the Tax Benefits because changes in ownership by a person owning less than 4.90%
of the Common Shares are not included in the calculation of &ldquo;ownership change&rdquo; for purposes of Section 382 of the Code.
The Board believes that it is in the best interest of the Company and its shareholders that the Company provide for the protection
of the Tax Benefits by adopting the Benefit Plan.</P>

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

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The following is a summary description of the
terms of the Benefit Plan. This summary does not purport to be complete and is qualified in its entirety by reference to the Benefit
Plan, a copy of which is attached as Exhibit 4.1 hereto and incorporated herein by reference.</P>

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

<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: justify"><FONT STYLE="font-weight: normal"><I>Distribution and Transfer of Rights;
Rights Certificates</I></FONT></P>

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

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0; text-align: justify">The Board has declared a dividend of one Right for each outstanding
Common Share. Prior to the Distribution Date referred to below:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; text-align: justify"></TD><TD STYLE="width: 0.25in; text-align: justify"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">the Rights will be evidenced by and trade with the certificates for the Common Shares (or, with respect to any uncertificated
Common Shares registered in book entry form, by notation in book entry), and no separate rights certificates will be distributed;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"></P>

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<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; text-align: justify"></TD><TD STYLE="width: 0.25in; text-align: justify"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">new Common Shares certificates issued after the Record Date will contain a legend incorporating the Benefit Plan by reference
(for uncertificated Common Shares registered in book entry form, this legend will be contained in a notation in book entry); and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; text-align: justify"></TD><TD STYLE="width: 0.25in; text-align: justify"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">the surrender for transfer of any certificates for Common Shares (or the surrender for transfer of any uncertificated Common
Shares registered in book entry form) will also constitute the transfer of the Rights associated with such Common Shares.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0; text-align: justify">Rights will accompany any new Common Shares that are issued after
the Record Date.</P>

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

<P STYLE="font-size: 10pt; text-indent: 0in; margin: 0pt 0; text-align: justify"><I>Distribution Date </I></P>

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

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0; text-align: justify">Subject to certain exceptions specified in the Benefit Plan, the
Rights will separate from the Common Shares and become exercisable following (i) the 10th business day (or such later date as may
be determined by the Board) after the public announcement that an Acquiring Person has acquired beneficial ownership of 4.90% or
more of the Common Shares or (ii) the 10th business day (or such later date as may be determined by the Board) after a person or
group announces a tender or exchange offer that would result in ownership by a person or group of 4.90% or more of the Common Shares.</P>

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

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0; text-align: justify">The date on which the Rights separate from the Common Shares and
become exercisable is referred to as the &ldquo;Distribution Date.&rdquo;</P>

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

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0; text-align: justify">After the Distribution Date, the Company will mail Rights certificates
to the Company&rsquo;s shareholders as of the close of business on the Distribution Date and the Rights will become transferable
apart from the Common Shares. Thereafter, such Rights certificates alone will represent the Rights.</P>

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

<P STYLE="font-size: 10pt; text-indent: 0in; margin: 0pt 0; text-align: justify"><I>Preferred Shares Purchasable Upon Exercise of Rights </I></P>

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

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0; text-align: justify">After the Distribution Date, each Right will entitle the holder to
purchase, for $5.00 (the &ldquo;Exercise Price&rdquo;), one one-hundredth of a Preferred Share.</P>

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

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0; text-align: justify">Each one one-hundredth of a Preferred Share, if issued, will:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in; text-align: justify"></TD><TD STYLE="width: 0.25in; text-align: justify"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">not be redeemable;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in; text-align: justify"></TD><TD STYLE="width: 0.25in; text-align: justify"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">entitle holders to quarterly dividend payments of $0.001 per one one-hundredth of a share, or an amount equal to the dividend
paid on one Common Share, whichever is greater;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in; text-align: justify"></TD><TD STYLE="width: 0.25in; text-align: justify"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">entitle holders upon liquidation either to receive $0.10 per one one-hundredth of a share or an amount equal to the payment
made on one Common Share, whichever is greater;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in; text-align: justify"></TD><TD STYLE="width: 0.25in; text-align: justify"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">have no general voting rights, but will have specified class voting power in the event of mergers and similar transactions;
and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt"></P>

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<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in; text-align: justify"></TD><TD STYLE="width: 0.25in; text-align: justify"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">entitle holders to a per share payment equal to the payment made on one Common Share if the Common Shares are exchanged via
merger, consolidation or a similar transaction.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: -0.5in; margin: 0pt 0 0pt 0.5in; text-align: justify"><I>Flip-In Trigger </I></P>

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

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0; text-align: justify">If a person or group of affiliated or associated persons (an &ldquo;Acquiring
Person&rdquo;) obtains beneficial ownership of 4.90% or more of the Common Shares, except pursuant to an offer for all outstanding
Common Shares that the independent members of the Board determine to be fair and not inadequate and to otherwise be in the best
interests of the Company and its shareholders after receiving advice from one or more investment banking firms, then each Right
will entitle the holder thereof to purchase, for the Exercise Price, a number of Common Shares (or, in certain circumstances, cash,
property or other securities of the Company) having a then-current market value of twice the Exercise Price. However, the Rights
are not exercisable following the occurrence of the foregoing event until such time as the Rights are no longer redeemable by the
Company, as further described below.&#9;</P>

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

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0; text-align: justify">Following the occurrence of an event set forth in preceding paragraph,
all Rights that are or, under certain circumstances specified in the Benefit Plan, were beneficially owned by an Acquiring Person
or certain of its transferees will be null and void.</P>

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

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0; text-align: justify">Any person who, together with its affiliates and associates, beneficially
owns 4.90% or more of the outstanding Common Shares as of the time of the first public announcement of the Benefit Plan (an &ldquo;Exempt
Person&rdquo;) shall not be deemed an Acquiring Person, but only for so long as such person, together with its affiliates and associates,
does not become the beneficial owner of any additional Common Shares while such person is an Exempt Person. A person will cease
to be an Exempt Person if such person, together with such person&rsquo;s affiliates and associates, becomes the beneficial owner
of less than 4.90% of the outstanding Common Shares.</P>

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

<P STYLE="font-size: 10pt; text-indent: -0.5in; margin: 0pt 0 0pt 0.5in; text-align: justify"><I>Flip-Over Trigger </I></P>

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

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0; text-align: justify">If, after an Acquiring Person obtains 4.90% or more of the Common
Shares, (i) the Company merges into another entity, (ii) an acquiring entity merges into the Company or (iii) the Company sells
or transfers more than 50% of its assets, cash flow or earning power, then each Right (except for Rights that have previously been
voided as set forth above) will entitle the holder thereof to purchase, for the Exercise Price, a number of shares of common stock
of the person engaging in the transaction having a then-current market value of twice the Exercise Price.</P>

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

<P STYLE="font-size: 10pt; text-indent: 0in; margin: 0pt 0; text-align: justify"><I>Redemption of the Rights </I></P>

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

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0; text-align: justify">The Rights will be redeemable at the Company&rsquo;s option for $0.001
per Right (payable in cash, Common Shares or other consideration deemed appropriate by the Board) at any time on or prior to the
10th business day (or such later date as may be determined by the Board) after the public announcement that an Acquiring Person
has acquired beneficial ownership of 4.90% or more of the Common Shares. Immediately upon the action of the Board ordering redemption,
the Rights will terminate and the only right of the holders of the Rights will be to receive the $0.001 redemption price. The redemption
price will be adjusted if the Company undertakes a stock dividend or a stock split.</P>

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

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"></P>

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

<P STYLE="font-size: 10pt; text-indent: 0in; margin: 0pt 0; text-align: justify"><I>Exchange Provision </I></P>

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

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0; text-align: justify">At any time after the date on which an Acquiring Person beneficially
owns 4.90% or more of the Common Shares and prior to the acquisition by the Acquiring Person of 50% of the Common Shares, the Board
may exchange the Rights (except for Rights that have previously been voided as set forth above), in whole or in part, for Common
Shares at an exchange ratio of one Common Share per Right (subject to adjustment). In certain circumstances, the Company may elect
to exchange the Rights for cash or other securities of the Company having a value approximately equal to one Common Share.</P>

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

<P STYLE="font-size: 10pt; text-indent: 0in; margin: 0pt 0; text-align: justify"><I>Expiration of the Rights </I></P>

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

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">The Rights expire on the earliest of (i) the
Close of Business on December 31, 2020; (ii) the time at which the rights are redeemed; (iii) the time at which the rights are
exchanged; (iv) the close of business on the effective date of the repeal of Section&nbsp;382 or any other change if the Board,
in its sole discretion, determines that this Plan is no longer necessary or desirable for the preservation of the Tax Benefits;
(v) the time at which the Board determines that the Tax Benefits are fully utilized or no longer available pursuant to Section
382 or that an ownership change pursuant to Section 382 would not adversely impact in any material respect the time period in which
the Company could use the Tax Benefits, or materially impair the amount of the Tax Benefits that could be used by the Company in
any particular time period, for applicable tax purposes; or (vi) a determination by the Board, in its sole discretion and prior
to the Distribution Date, that this Plan and the Rights are no longer in the best interests of the Company and its shareholders.</P>

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

<P STYLE="font-size: 10pt; text-indent: 0in; margin: 0pt 0; text-align: justify"><I>Amendment of Terms of Rights Plan and Rights </I></P>

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

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0; text-align: justify">The terms of the Rights and the Benefit Plan may be amended in any
respect without the consent of the holders of the Rights on or prior to the Distribution Date. Thereafter, the terms of the Rights
and the Benefit Plan may be amended without the consent of the holders of Rights in order to (i) cure any ambiguities, (ii) shorten
or lengthen any time period pursuant to the Benefit Plan or (iii) make changes that do not adversely affect the interests of holders
of the Rights.</P>

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

<P STYLE="font-size: 10pt; text-indent: 0in; margin: 0pt 0; text-align: justify"><I>Voting Rights; Other Shareholder Rights </I></P>

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

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0; text-align: justify">The Rights will not have any voting rights. Until a Right is exercised,
the holder thereof, as such, will have no separate rights as shareholder of the Company.</P>

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

<P STYLE="font-size: 10pt; text-indent: 0in; margin: 0pt 0; text-align: justify"><I>Anti-Dilution Provisions </I></P>

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

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0; text-align: justify">The Board may adjust the Exercise Price, the number of Preferred
Shares issuable and the number of outstanding Rights to prevent dilution that may occur from a stock dividend, a stock split or
a reclassification of the Preferred Shares or Common Shares.</P>

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

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"></P>

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

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0; text-align: justify">With certain exceptions, no adjustments to the Exercise Price will
be made until the cumulative adjustments amount to at least 1% of the Exercise Price. No Preferred Shares will be issued in fractions
(other than fractions that are integral multiples of one one-hundredth of a Preferred Share) and, in lieu thereof, an adjustment
in cash will be made based on the then current market price of the Preferred Shares.</P>

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

<P STYLE="font-size: 10pt; text-indent: 0in; margin: 0pt 0; text-align: justify"><I>Taxes </I></P>

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

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0; text-align: justify">The distribution of Rights should not be taxable for federal income
tax purposes. However, following an event that renders the Rights exercisable or upon redemption of the Rights, shareholders may
recognize taxable income.</P>

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

<P STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Section 3 &ndash; Securities and Trading
Markets</B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0; text-align: justify"></TD><TD STYLE="width: 1in; text-align: justify"><B>Item 3.03.</B></TD><TD STYLE="text-align: justify"><B>Material Modification to Rights of Security Holders.</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0; text-align: justify">The information included in Item 1.01 of this Current Report on Form
8-K is incorporated by reference into this Item 3.03.</P>

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

<P STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Section 9 &ndash; Financial Statements and Exhibits</B></P>

<P STYLE="font-size: 10pt; text-indent: -0.75pt; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; font-weight: bold; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0; text-align: justify"></TD><TD STYLE="width: 1in; text-align: justify">Item 9.01</TD><TD STYLE="text-align: justify">Financial Statements and Exhibits.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: left"><FONT STYLE="font-weight: normal">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: left"></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="font-size: 10pt; font-weight: bold; text-decoration: underline; vertical-align: middle; width: 8%">Exhibit No.</TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-decoration: underline; vertical-align: middle; width: 90%">Description</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: middle; text-align: left">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: top">
    <TD STYLE="font-size: 10pt">4.1</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Tax Benefit Preservation Plan, dated as of April 18, 2017, by and between Capstone Therapeutics
    Corp. and Computershare Inc., as rights agent.</TD></TR>
</TABLE>


<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: left"></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: -0.75pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: -0.5in; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: -0.5in; margin: 0pt 0 0pt 1in"></P>

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<P STYLE="font-size: 10pt; text-indent: -0.5in; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin: 0pt 0">SIGNATURES</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin: 0pt 0">&nbsp;</P>

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

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

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

<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="vertical-align: middle; padding-left: 0.5in">Dated:&nbsp;&nbsp;April 19, 2017</TD>
    <TD COLSPAN="2" STYLE="vertical-align: middle">CAPSTONE THERAPEUTICS CORP.</TD></TR>
<TR>
    <TD STYLE="vertical-align: middle; width: 50%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 26%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 24%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left; border-bottom: Black 1.1pt solid">/s/ John M. Holliman, III</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">John M. Holliman, III</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: left">Executive Chairman</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"></P>

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

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

<P STYLE="font-size: 10pt; text-indent: -34.95pt; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: -0.75pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: -0.75pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: -0.75pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: -0.75pt; margin: 0pt 0"></P>

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<P STYLE="font-size: 10pt; text-indent: -0.75pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Exhibit&nbsp;Index</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse">
<TR>
    <TD NOWRAP STYLE="font-size: 10pt; font-weight: bold; text-decoration: underline; vertical-align: middle; width: 8%">Exhibit No.</TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-decoration: underline; vertical-align: middle; width: 90%">Description</TD></TR>
<TR>
    <TD STYLE="font-size: 10pt; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; vertical-align: middle; text-align: left">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: top">
    <TD STYLE="font-size: 10pt"><A HREF="exh_41.htm">4.1</A></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><A HREF="exh_41.htm">Tax Benefit Preservation Plan, dated as of April 18, 2017, by and between Capstone Therapeutics
    Corp. and Computershare Inc., as rights agent.</A></TD></TR>
</TABLE>
<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>



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

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<TYPE>EX-4.1
<SEQUENCE>2
<FILENAME>exh_41.htm
<DESCRIPTION>EXHIBIT 4.1
<TEXT>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5in; text-align: right; text-indent: 0.5in">EXHIBIT
4.1</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5in; text-align: center; text-indent: 0.5in">&nbsp;</P>

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

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


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

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

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

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">TAX BENEFIT PRESERVATION PLAN<BR>
<BR>
Dated as of April 18, 2017<BR>
<BR>
<BR>
<BR>
by and between<BR>
<BR>
<BR>
<BR>
CAPSTONE THERAPEUTICS CORP.<BR>
<BR>
and<BR>
<BR>
COMPUTERSHARE INC.,</P>

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

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

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

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

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.75pt; text-align: center">Table of Contents</P>




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

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">Page</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; width: 10%; vertical-align: top">Section 1.</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 76%">Certain Definitions</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%; vertical-align: bottom">1</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 2.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Appointment of Rights Agent</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">9</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 3.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Issuance of Rights Certificates</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">9</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 4.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Form of Rights Certificates</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">11</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 5.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Countersignature and Registration</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">12</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 6.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Transfer, Split Up, Combination and Exchange of Rights Certificates; Mutilated, Destroyed, Lost or Stolen Rights Certificates</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">12</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 7.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Exercise of Rights; Exercise Price; Expiration Date of Rights</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">13</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 8.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Cancellation and Destruction of Rights Certificates</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">16</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 9.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Reservation and Availability of Preferred Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">16</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 10.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Record Date for Securities Issued</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">17</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 11.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Adjustment of Exercise Price, Number and Kind of Shares or Number of Rights</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">18</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 12.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Certificate of Adjusted Exercise Price or Number of Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">24</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 13.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Consolidation, Merger or Sale or Transfer of Assets, Cash Flow or Earning Power</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">24</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 14.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Fractional Rights and Fractional Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">27</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 15.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Rights of Action</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">28</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 16.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Agreement of Rights Holders</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">28</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 17.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Holder of Rights Certificate Not Deemed to be a Shareholder</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">29</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 18.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Concerning the Rights Agent</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">29</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 19.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Merger, Consolidation or Change of Name of Rights Agent</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">30</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 20.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Duties of Rights Agent</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">31</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 21.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Change of Rights Agent</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">33</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 22.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Issuance of New Rights Certificates</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">34</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 23.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Redemption</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">35</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 24.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Exchange</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">35</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 25.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Process to Seek Exemption Prior to Trigger Event</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">37</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 26.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Notice of Certain Events</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">39</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 27.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Notices</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">40</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 28.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Supplements and Amendments</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">41</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 29.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Successors</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">41</TD></TR>
</TABLE>

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



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.75pt; text-align: center">Table of Contents</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.75pt; text-align: center">(continued)</P>



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

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">Page</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; width: 10%; vertical-align: top">Section 30.</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 76%">Determinations and Actions by the Board</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%; vertical-align: bottom">41</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 31.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Benefits of this Plan</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">42</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 32.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Severability</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">42</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 33.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Governing Law; Exclusive Jurisdiction</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">42</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 34.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Counterparts</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">43</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 35.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Descriptive Headings; Interpretation</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">43</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 36.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Costs of Enforcement</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">44</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 37.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Force Majeure</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">44</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD NOWRAP STYLE="text-align: left; vertical-align: top">Section 38.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">USA PATRIOT Act</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; vertical-align: bottom">44</TD></TR>
</TABLE>


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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD STYLE="width: 12%; text-align: justify">Exhibit A</TD>
    <TD STYLE="width: 88%; text-align: justify">Form of Amended and Restated Certificate of Designation of Series A Preferred Stock</TD></TR>
<TR>
    <TD STYLE="text-align: justify">Exhibit B</TD>
    <TD STYLE="text-align: justify">Form of Rights Certificate</TD></TR>
<TR>
    <TD STYLE="text-align: justify">Exhibit C</TD>
    <TD STYLE="text-align: justify">Form of Summary of Rights</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This TAX BENEFIT PRESERVATION
PLAN (this &ldquo;<B>Plan</B>&rdquo;), dated as of April 18, 2017, is by and between Capstone Therapeutics Corp., a Delaware corporation
(the &ldquo;<B>Company</B>&rdquo;), and Computershare Inc., a Delaware corporation, as rights agent (the &ldquo;<B>Rights Agent</B>&rdquo;).
All capitalized terms used in this Plan have the meanings given thereto in Section 1.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, on April 18,
2017 (the &ldquo;<B>Rights Dividend Declaration Date</B>&rdquo;), the Board of Directors of the Company (the &ldquo;<B>Board</B>&rdquo;)
adopted this Plan and authorized and declared a dividend of one preferred share purchase right (a &ldquo;<B>Right</B>&rdquo;) for
each Common Share outstanding as of the Close of Business on April 18, 2017 (the &ldquo;<B>Record Date</B>&rdquo;), each Right
initially representing the right to purchase one one-hundredth of a Preferred Share (as such number may be adjusted pursuant to
the provisions of this Plan) and having the rights, preferences and privileges set forth in the form of Certificate of Designation
of Series A Preferred Stock attached hereto as <U>Exhibit A</U>, upon the terms and subject to the conditions set forth herein;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Board
further authorized and directed the issuance of one Right (as such number may be adjusted pursuant to the provisions of this Plan)
with respect to each Common Share that becomes outstanding (whether as an original issuance or from the Company&rsquo;s treasury)
between the Record Date and the earlier of the (a) Distribution Date and (b) Expiration Date, and in certain circumstances after
the Distribution Date;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, if the Company
experiences an &ldquo;<B>ownership change,</B>&rdquo; as defined in Section 382 of the Internal Revenue Code of 1986, as amended,
or any successor statute (the &ldquo;<B>Code</B>&rdquo;), its ability to use Tax Benefits (as hereinafter defined) for income tax
purposes could be substantially limited or lost altogether; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Company
views the Tax Benefits as highly valuable assets of the Company that are likely to inure to the benefit of the Company and its
shareholders, and the Company believes that it is in the best interests of the Company and its shareholders that the Company provide
for the protection of the Tax Benefits on the terms and conditions set forth herein.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in
consideration of the premises and the mutual agreements herein set forth, the parties hereby agree as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1. <I>Certain
Definitions</I>. For purposes of this Plan, the following terms have the meanings indicated:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Acquiring Person</B>&rdquo; means any Person who or that, together with all Affiliates and Associates of such
Person, is the Beneficial Owner of 4.90% or more of the Common Shares then outstanding, but shall not include (i) any Exempt Person;
or (ii) any Existing Holder, unless and until such time as such Existing Holder becomes the Beneficial Owner of one or more additional
Common Shares (other than pursuant to a dividend or distribution paid or made by the Company on the outstanding Common Shares in
Common Shares or pursuant to a split or subdivision of the outstanding Common Shares), unless upon becoming the Beneficial Owner
of such additional Common Shares, such Existing Holder does not Beneficially Own 4.90% or more of the Common Shares then outstanding.
Notwithstanding the foregoing, no Person will be deemed to be an Acquiring Person as the result of an acquisition of Common Shares
by an Exempt Person that, by reducing the number of Common Shares then outstanding, increases the proportionate number of Common
Shares that are Beneficially Owned by such Person to 4.90% or more of the Common Shares then outstanding; provided, however, that
if a Person becomes the Beneficial Owner of 4.90% or more of the Common Shares then outstanding solely as the result of a reduction
in the number of Common Shares then outstanding due to an acquisition of Common Shares by an Exempt Person and, after such acquisition
by such Exempt Person, becomes the Beneficial Owner of one or more additional Common Shares (other than pursuant to a dividend
or distribution paid or made by the Company on the outstanding Common Shares in Common Shares or pursuant to a split or subdivision
of the outstanding Common Shares), then such Person will be deemed to be an Acquiring Person unless, upon becoming the Beneficial
Owner of such additional Common Shares, such Person does not Beneficially Own 4.90% or more of the Common Shares then outstanding.
Notwithstanding the foregoing, if the Board determines in good faith that a Person who would otherwise be an Acquiring Person has
become such inadvertently (including because (A) such Person was unaware that it Beneficially Owned a percentage of the Common
Shares that would otherwise cause such Person to be an Acquiring Person or (B) such Person was aware of the extent of the Common
Shares that it Beneficially Owned but had no actual knowledge of the consequences of such Beneficial Ownership pursuant to this
Plan) and without any intention of changing or influencing control of the Company, and if such Person divested or divests (including
by entering into an agreement with the Company, which agreement is satisfactory to the Board in its sole discretion, to divest
and subsequently divests in accordance with the terms of such agreement, without exercising or retaining any power, including voting
power, with respect to such Common Shares) as promptly as practicable a sufficient number of Common Shares so that such Person
would no longer be an Acquiring Person, then such Person will not be deemed to be or to have become an Acquiring Person at any
time for any purposes of this Plan. For all purposes of this Plan, any calculation of the number of Common Shares outstanding at
any particular time, including for purposes of determining the particular percentage of the outstanding Common Shares of which
any Person is the Beneficial Owner, will be calculated in accordance with Section 382 and the Treasury Regulations promulgated
thereunder.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Adjustment Shares</B>&rdquo; has the meaning set forth in Section 11(a)(ii).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Affiliate</B>&rdquo; and &ldquo;<B>Associate</B>&rdquo; have the respective meanings ascribed to such terms in
Rule&nbsp;12b-2 of the General Rules and Regulations promulgated under the Exchange Act, as in effect on the Rights Dividend Declaration
Date and, to the extent not included within the foregoing, will also include, with respect to any Person, any other Person (other
than an Exempt Person or an Existing Holder) whose Stock or other securities (i) would be deemed owned constructively or indirectly
by such first Person for purposes of Section 382; (ii) would be deemed owned by a single &ldquo;entity&rdquo; as defined in Treasury
Regulation &sect; 1.382-3(a)(1) in which both such first Person and such other Person are included; or (iii) otherwise would be
deemed aggregated with the Stock or other securities owned by such first Person pursuant to the provisions of Section 382; <I>provided</I>,
<I>however</I>, that a Person will not be deemed to be an Affiliate or Associate of another Person solely because either or both
such Persons are or were directors of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>A Person will be deemed the &ldquo;<B>Beneficial Owner</B>&rdquo; of, and will be deemed to &ldquo;<B>Beneficially Own,</B>&rdquo;
any securities:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>that such Person or any of such Person&rsquo;s Affiliates or Associates, directly or indirectly, owns or has the legal,
equitable or contractual right or obligation to acquire (whether directly or indirectly and whether exercisable immediately or
only after the passage of time, compliance with regulatory requirements, satisfaction of one or more conditions (whether or not
within the control of such Person) or otherwise) (A) pursuant to any agreement, arrangement or understanding whether or not in
writing (other than customary agreements with and between underwriters and selling group members with respect to a bona fide public
offering of securities); (B) upon the exercise of any conversion rights, exchange rights, rights (other than the Rights), warrants
or options, or otherwise; (C) pursuant to the power to revoke a trust, discretionary account or similar arrangement; (D) pursuant
to the power to terminate a repurchase or similar so-called &ldquo;stock borrowing&rdquo; agreement, arrangement or understanding;
or (E) pursuant to the automatic termination of a trust, discretionary account or similar arrangement; <I>provided, however</I>,
that a Person will not be deemed pursuant to this Section 1(d)(i) to be the Beneficial Owner of, or to Beneficially Own, any securities
(including rights, options or warrants) that are convertible or exchangeable into, or exercisable for, Common Shares until such
time as such securities are converted, exchanged or exercised, except to the extent that the acquisition or transfer of securities
(including rights, options or warrants) would be treated as exercised on the date of its acquisition or transfer pursuant to Section
1.382-4(d) of the Treasury Regulations promulgated under Section 382; <I>provided</I>, <I>further</I>, that a Person will not be
deemed pursuant to this Section 1(d)(i) to be the Beneficial Owner of, or to Beneficially Own, securities (1) tendered pursuant
to a tender or exchange offer made by or on behalf of such Person or any of such Person&rsquo;s Affiliates or Associates until
such tendered securities are accepted for purchase or exchange; (2) issuable upon the exercise of Rights at any time prior to the
occurrence of a Triggering Event; (3) issuable upon the exercise of Rights from and after the occurrence of a Triggering Event
if such Rights were acquired by such Person or any of such Person&rsquo;s Affiliates or Associates prior to the Distribution Date
or pursuant to Section 3(a) or Section 22 (the &ldquo;<B>Original Rights</B>&rdquo;) or pursuant to Section 11(h) in connection
with an adjustment made with respect to any Original Rights; or (4) that a Person or any of such Person&rsquo;s Affiliates or Associates
may be deemed to have the right to acquire pursuant to any merger or other acquisition agreement between the Company and such Person
(or one or more of its Affiliates or Associates), or any tender, voting or support agreement entered into by such Person (or one
or more of its Affiliates or Associates) in connection therewith, if such agreement has been approved by the Board prior to there
being an Acquiring Person;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>that such Person or any of such Person&rsquo;s Affiliates or Associates, directly or indirectly, has the right to vote (including
the power to vote or to direct the voting of) or dispose (or direct the disposition) of or has &ldquo;beneficial ownership&rdquo;
of (as determined pursuant to Rule 13d-3 of the General Rules and Regulations promulgated under the Exchange Act, as in effect
on the Rights Dividend Declaration Date), including pursuant to any agreement, arrangement or understanding whether or not in writing,
but only if the effect of such agreement, arrangement or understanding is to treat such Persons as an &ldquo;entity&rdquo; pursuant
to Section 1.382-3(a)(1) of the Treasury Regulations; <I>provided</I>, <I>however</I>, that a Person will not be deemed the Beneficial
Owner of, or to Beneficially Own, any security pursuant to this Section 1(d)(ii) as a result of an agreement, arrangement or understanding
whether or not in writing to vote such security if such agreement, arrangement or understanding (A) arises solely from a revocable
proxy or consent given to such Person in response to a public proxy or consent solicitation made pursuant to, and in accordance
with, the applicable provisions of the General Rules and Regulations promulgated under the Exchange Act; and (B) is not also then
reportable by such Person on Schedule 13D pursuant to the Exchange Act (or any comparable or successor report); or</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>that are Beneficially Owned, directly or indirectly, by any other Person (or any of such Person&rsquo;s Affiliates or Associates)
with which such first Person (or any of such first Person&rsquo;s Affiliates or Associates) has any agreement, arrangement or understanding
whether or not in writing (other than customary agreements with and between underwriters and selling group members with respect
to a bona fide public offering of securities) for the purpose of acquiring, holding, voting (except pursuant to a revocable proxy
to the extent contemplated by the proviso to Section 1(d)(ii)) or disposing of any securities of the Company, but only if the effect
of such agreement, arrangement or understanding is to treat such Persons as an &ldquo;<B>entity</B>&rdquo; pursuant to Section
1.382-3(a)(1) of the Treasury Regulations; <I>provided, however</I>, that no person who is an officer, director or employee of
an Exempt Person will be deemed, solely by reason of such person&rsquo;s status or authority as such, to be a Beneficial Owner
of, to have Beneficial Ownership of or to Beneficially Own any securities of the Company that are Beneficially Owned (including
in a fiduciary capacity) by an Exempt Person or by any other such officer, director or employee of an Exempt Person; provided further,
however, that any stockholder of the Company, together with any Affiliate, Associate or other person who may be deemed to be a
representative of such stockholder then serving as a director of the Company, will not be deemed to be the Beneficial Owner of,
to have Beneficial Ownership of or to Beneficially Own any securities of the Company held by any other Person as a result of any
Person affiliated or otherwise associated with such stockholder serving as a director of the Company.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Notwithstanding anything
in this Plan to the contrary, to the extent not within the foregoing provisions of this Section 1(e), a Person will be deemed to
be the Beneficial Owner of, and will be deemed to Beneficially Own or have Beneficial Ownership of, Stock held by any other Person
that such Person would be deemed to own constructively or indirectly or otherwise would be aggregated with Stock owned by such
Person pursuant to Section 382, or any successor provision or replacement provision and Treasury Regulations thereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Board</B>&rdquo; has the meaning set forth in the recitals at the beginning of this Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Book Entry Shares</B>&rdquo; has the meaning set forth in Section 3(a).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Business Day</B>&rdquo; means any day other than a Saturday, Sunday or a day on which the Federal Reserve Bank
of New York is closed.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Close of Business</B>&rdquo; on any given date means 5:00 p.m., New York City time, on such date; provided, however,
that if such date is not a Business Day, it means 5:00 p.m., New York City time, on the next succeeding Business Day.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Code</B>&rdquo; has the meaning set forth in the recitals at the beginning of this Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Common Shares</B>&rdquo; means, unless otherwise specified, the shares of common stock, par value $0.0005 per
share, of the Company. When used with reference to any Person other than the Company, Common Shares means the capital stock with
the greatest voting power, or the equity securities or other equity interest having power to control or direct the management,
of such Person or, if such Person is a Subsidiary of another Person, of the Person that ultimately controls such first-mentioned
Person.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Common Share Equivalents</B>&rdquo; has the meaning set forth in Section 11(a)(iii).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Company</B>&rdquo; has the meaning set forth in the preamble hereto, subject to the terms of Section 13(a).</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(m)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Current Per Share Market Price</B>&rdquo; of any security (a &ldquo;<B>Security</B>&rdquo; for purposes of this
definition), for all computations other than those made pursuant to Section 11(a)(iii), means the average of the daily closing
prices per share of such Security for the 30 consecutive Trading Days immediately prior to but not including such date, and for
purposes of computations made pursuant to Section 11(a)(iii), the Current Per Share Market Price of any Security on any date will
be deemed to be the average of the daily closing prices per share of such Security for the 10 consecutive Trading Days immediately
following but not including such date; <I>provided</I>, <I>however</I>, that in the event that the Current Per Share Market Price
of the Security is determined during any period following the announcement by the issuer of such Security of (i) a dividend or
distribution on such Security payable in shares of such Security or securities convertible into such shares (other than the Rights),
or (ii) any subdivision, combination, consolidation, reverse stock split or reclassification of such Security, and the ex-dividend
date for such dividend or distribution, or the record date for such subdivision, combination, consolidation, reverse stock split
or reclassification, has not occurred prior to the commencement of the requisite 30 Trading Day or 10 Trading Day period as set
forth above, then, and in each such case, the Current Per Share Market Price will be appropriately adjusted to take into account
ex-dividend trading. The closing price for each day will be the last sale price, regular way, reported at or prior to 4:00 p.m.,
New York City time, or, if no such sale takes place on such day, the average of the bid and asked prices, regular way, reported
as of 4:00 p.m. New York City time, in either case as reported in the principal consolidated transaction reporting system with
respect to securities listed or admitted to trading on NASDAQ or, if the Security is not listed or admitted to trading on NASDAQ,
as reported in the principal consolidated transaction reporting system with respect to securities listed on the principal national
securities exchange on which the Security is listed or admitted to trading or, if the Security is not listed or admitted to trading
on any national securities exchange, the last quoted price reported at or prior to 4:00 p.m., New York City time, or, if on such
date the Security is not so quoted, the average of the high bid and low asked prices in the over-the-counter market, as reported
as of 4:00 p.m., New York City time, by NASDAQ or such other system then in use, or, if on any such date the Security is not quoted
by any such organization, the average of the closing bid and asked prices as furnished by a professional market maker making a
market in the Security selected by the Board. If on any such date no market maker is making a market in the Security, the fair
value of such shares on such date as determined in good faith by the Board will be used, which determination will be described
in a statement filed with the Rights Agent and will be conclusive and binding on the Rights Agent and the holders of the Rights.
If the Current Per Share Market Price of the Preferred Shares cannot be determined in the manner provided above or if the Preferred
Shares are not publicly held or not listed or traded in a manner described above, then the Current Per Share Market Price of the
Preferred Shares will be conclusively deemed to be (x) the Current Per Share Market Price of the Common Shares as determined pursuant
to this Section 1(m) multiplied by (y) 100 (as such number may be appropriately adjusted to reflect any subdivision, combination,
consolidation, reverse stock split or reclassification of Common Shares occurring after the Rights Dividend Declaration Date).
If the Security (other than the Preferred Shares) is not publicly held or not so listed or traded, or if on any such date the Security
is not so quoted and no such market maker is making a market in the Security, then the Current Per Share Market Price means the
fair value per share as determined in good faith by the Board, after consultation with a nationally recognized investment banking
firm, whose determination will be described in a statement filed with the Rights Agent and will be conclusive and binding on the
Rights Agent and the holders of the Rights.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(n)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Current Exchange Value</B>&rdquo; means the product of the Current Per Share Market Price of Common Shares on
the date of the occurrence of an Exchange Determination (or the next Business Day, if such date is not a Business Day) multiplied
by the number of Common Shares for which the Right would otherwise be exchangeable (without regard to whether there were sufficient
Common Shares available therefor).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(o)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Current Value</B>&rdquo; means the value of the Adjustment Shares issuable upon the exercise of a Right.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(p)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Distribution Date</B>&rdquo; means the earlier of (i) the Close of Business on the 10th Business Day (or such
later date as may be determined by action of the Board, which action must be taken prior to the Distribution Date that otherwise
would have occurred) after the Shares Acquisition Date (or, if the 10th Business Day after the Shares Acquisition Date occurs before
the Record Date, then the Record Date); or (ii) the Close of Business on the 10th Business Day (or such later date as may be determined
by the Board) after the date that a tender or exchange offer by any Person (other than an Exempt Person) is first published, sent
or given within the meaning of Rule 14d-2(a) of the General Rules and Regulations promulgated under the Exchange Act if, assuming
the successful consummation thereof, such Person would be an Acquiring Person; <I>provided</I>, <I>however</I>, that if any tender
or exchange offer referred to in clause (ii) of this Section 1(p) is cancelled, terminated or otherwise withdrawn prior to the
Distribution Date without the purchase or exchange of any Common Shares pursuant thereto, then such offer will be deemed, for purposes
of this paragraph, never to have been made.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(q)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Equivalent Shares</B>&rdquo; means any class or series of capital stock of the Company having the same rights,
privileges and preferences as the Preferred Shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(r)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Exchange Act</B>&rdquo; means the Securities Exchange Act of 1934, as amended.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(s)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Exchange Determination</B>&rdquo; has the meaning set forth in Section 24(a).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(t)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Exchange Ratio</B>&rdquo; has the meaning set forth in Section 24(a).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(u)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Exemption Request</B>&rdquo; has the meaning set forth in Section 25(a).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Exempt Person</B>&rdquo; means (i) the Company or any Subsidiary of the Company, in each case including the officers
and members of the board of directors thereof acting in their fiduciary capacities; (ii) any employee benefit plan of the Company
or of any Subsidiary of the Company or any entity or trustee holding (or acting in a fiduciary capacity in respect of) shares of
capital stock of the Company for or pursuant to the terms of any such plan, or for the purpose of funding other employee benefits
for employees of the Company or any Subsidiary of the Company; or (iii) any Person deemed to be an &ldquo;Exempt Person&rdquo;
in accordance with Section 25(a) or (b).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(w)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Exercise Price</B>&rdquo; has the meaning set forth in Section 4(a).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(x)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Existing Holder</B>&rdquo; means any Person who or that, together with all Affiliates and Associates of such Person,
is, immediately prior to the first public announcement of the adoption of this Plan, the Beneficial Owner of 4.90% or more of the
Common Shares then outstanding. Notwithstanding anything to the contrary in this Plan, any Existing Holder who, together with all
Affiliates and Associates of such Person, becomes at any time the Beneficial Owner of less than 4.90% of the Common Shares then
outstanding will cease to be an Existing Holder and will be subject to all the provisions of this Plan in the same manner as any
Person who is not and was not an Existing Holder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(y)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Expiration Date</B>&rdquo; means the earliest to occur of (i) the Close of Business on the Final Expiration Date;
(ii) the Redemption Date; (iii) the time at which the Board orders the exchange of the Rights as provided in Section 24; (iv) the
close of business on the effective date of the repeal of Section&nbsp;382 or any other change if the Board, in its sole discretion,
determines that this Plan is no longer necessary or desirable for the preservation of the Tax Benefits; (v) the time at which the
Board determines that the Tax Benefits are fully utilized or no longer available pursuant to Section 382 or that an ownership change
pursuant to Section 382 would not adversely impact in any material respect the time period in which the Company could use the Tax
Benefits, or materially impair the amount of the Tax Benefits that could be used by the Company in any particular time period,
for applicable tax purposes; or (vi) a determination by the Board, in its sole discretion and prior to the Distribution Date, that
this Plan and the Rights are no longer in the best interests of the Company and its shareholders.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(z)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Final Expiration Date</B>&rdquo; means 5:00 p.m., New York time, on December 31, 2020.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(aa)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>NASDAQ</B>&rdquo; means The NASDAQ Stock Market LLC.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(bb)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Original Rights</B>&rdquo; has the meaning set forth in Section 1(d)(i).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(cc)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Person</B>&rdquo; means any individual, firm, corporation, partnership, limited liability company, joint venture,
business trust, trust, association, syndicate, group (as such term is used in Rule 13d-5 of the General Rules and Regulations promulgated
under the Exchange Act, as in effect on the Rights Dividend Declaration Date), other entity or any group of Persons making a &ldquo;coordinated
acquisition&rdquo; of Common Shares within the meaning of Treasury Regulation &sect; 1.382-3(a)(1) or who are otherwise treated
as an &ldquo;entity&rdquo; within the meaning of Treasury Regulation &sect; 1.382-3(a)(1), and, in each case, will include any
successor (by merger or otherwise) of any such Person, but will not include a Public Group (as defined in Section 1.382-2T(f)(13)
of the Treasury Regulations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(dd)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Plan</B>&rdquo; has the meaning set forth in the preamble hereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(ee)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Post-Event Transferee</B>&rdquo; has the meaning set forth in Section 7(e).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(ff)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Pre-Event Transferee</B>&rdquo; has the meaning set forth in Section 7(e).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(gg)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Preferred Shares</B>&rdquo; means shares of Series A Preferred Stock, par value $0.0005 per share, of the Company
and, to the extent that there are not a sufficient number of shares of Preferred Shares authorized to permit the full exercise
of the Rights, any other series of preferred stock of the Company designated for such purpose containing terms substantially similar
to the terms of the Preferred Shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(hh)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Principal Party</B>&rdquo; has the meaning set forth in Section 13(b).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Record Date</B>&rdquo; has the meaning set forth in the recitals at the beginning of this Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(jj)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Redemption Date</B>&rdquo; has the meaning set forth in Section 23(a).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(kk)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Redemption Price</B>&rdquo; has the meaning set forth in Section 23(a).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(ll)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Requesting Person</B>&rdquo; has the meaning set forth in Section 24(d).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(mm)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Right</B>&rdquo; has the meaning set forth in the recitals at the beginning of this Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(nn)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Rights Agent</B>&rdquo; has the meaning set forth in the preamble hereto.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(oo)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Rights Certificate</B>&rdquo; means a certificate substantially in the form attached hereto as Exhibit&nbsp;B.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(pp)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Rights Dividend Declaration Date</B>&rdquo; has the meaning set forth in the recitals at the beginning of this
Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(qq)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Section 11(a)(ii) Event</B>&rdquo; means any event described in Section 11(a)(ii).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(rr)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Section 11(a)(ii) Trigger Date</B>&rdquo; has the meaning set forth in Section 11(a)(iii).</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(ss)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Section 13 Event</B>&rdquo; means any event described in clause (i), (ii) or (iii) of Section 13(a).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(tt)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Section 382</B>&rdquo; means Section 382 of the Code or any successor or replacement provision and the Treasury
Regulation promulgated thereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(uu)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Securities Act</B>&rdquo; means the Securities Act of 1933, as amended.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(vv)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Security</B>&rdquo; has the meaning set forth in Section 1(m).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(ww)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Shares Acquisition Date</B>&rdquo; means the first date of public announcement (which, for purposes of this definition,
includes the filing or amending of a report pursuant to Section 13(d) of the Exchange Act or pursuant to a comparable successor
statute) by the Company or an Acquiring Person that an Acquiring Person has become such or that discloses information that reveals
the existence of an Acquiring Person.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(xx)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Spread</B>&rdquo; means the excess of (i) the Current Value over (ii) the Exercise Price.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(yy)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Stock</B>&rdquo; means with respect to any Person, such Person&rsquo;s (i) common shares; (ii) preferred shares
(other than preferred shares described in Section 1504(a)(4) of the Code); and (iii) any other interest that would be treated as
&ldquo;<B>stock</B>&rdquo; of such Person pursuant to Treasury Regulation &sect;&nbsp;1.382-2T(f)(18).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(zz)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Subsequent Transferee</B>&rdquo; has the meaning set forth in Section 7(e).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(aaa)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Subsidiary</B>&rdquo; of any Person means any firm, corporation, partnership, limited liability company, joint
venture, business trust, trust, association, syndicate or other entity (whether or not incorporated) of which an amount of voting
securities sufficient to elect a majority of the directors or Persons having similar authority, or a majority of the equity or
ownership interests, is Beneficially Owned, directly or indirectly, by such Person, or any firm, corporation, partnership, limited
liability company, joint venture, business trust, trust, association, syndicate or other entity (whether or not incorporated) otherwise
controlled by such Person.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(bbb)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Substitution Period</B>&rdquo; has the meaning set forth in Section 11(a)(iii).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(ccc)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Summary of Rights</B>&rdquo; means a summary of this Plan substantially in the form attached hereto as Exhibit
C.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(ddd)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Tax Benefits</B>&rdquo; means net operating losses, capital loss carryovers, general business credit carryovers,
alternative minimum tax credit carryovers, foreign tax credit carryovers or any loss or deduction attributable to a &ldquo;net
unrealized built-in loss&rdquo; within the meaning of Section 382, in each case of the Company or any of its Subsidiaries, and
any other tax attribute the benefit of which is subject to possible limitation pursuant to Section 382.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(eee)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Trading Day</B>&rdquo; means a day on which the principal national securities exchange on which a referenced security
is listed or admitted to trading is open for the transaction of business or, if a referenced security is not listed or admitted
to trading on any national securities exchange, a Business Day.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(fff)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Treasury Regulations</B>&rdquo; means the final, temporary and proposed income tax regulations promulgated by
the United States Department of the Treasury pursuant to the Code, as amended or superseded from time to time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(ggg)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Triggering Event</B>&rdquo; means any Section 11(a)(ii) Event or Section 13 Event.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(hhh)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Trust</B>&rdquo; has the meaning set forth in Section 24(b)(ii).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Trust Agreement</B>&rdquo; has the meaning set forth in Section 24(b)(ii).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(jjj)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<B>Waiver Request</B>&rdquo; has the meaning set forth in Section 25(b).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 2. <I>Appointment
of Rights Agent</I>. The Company hereby appoints the Rights Agent to act as rights agent for the Company in accordance with the
terms and conditions hereof, and the Rights Agent hereby accepts such appointment. The Company may from time to time appoint such
co-rights agents as it may deem necessary or desirable upon 10 days prior written notice to the Rights Agent. If the Company appoints
one or more co-rights agents, then the respective duties of the Rights Agent and such co-rights agents will be as the Company determines.
The Rights Agent will have no duty to supervise, and will in no event be liable for the acts or omissions of, any co-rights agent.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3. <I>Issuance
of Rights Certificates</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Rights Evidenced by Certificates for Common Shares and Book Entry Shares</I>. Until the Distribution Date, (i) the Rights
(unless earlier expired, redeemed or terminated) will be evidenced (subject to the provisions of Section 3(b) and Section 3(c))
by the certificates for Common Shares registered in the names of the holders thereof or, in the case of uncertificated Common Shares
registered in book entry form (&ldquo;<B>Book Entry Shares</B>&rdquo;), by notation in accounts reflecting the ownership of such
Common Shares (which certificates and Book Entry Shares, as applicable, will also be deemed to be Rights Certificates) and not
by separate Rights Certificates; and (ii) the Rights (and the right to receive Rights Certificates) will be transferable only in
connection with the transfer of the underlying Common Shares (including a transfer to the Company). As soon as practicable after
the Distribution Date, the Company will prepare and execute, the Rights Agent will countersign and the Company will send or cause
to be sent (and the Rights Agent will, if requested, send) (by mailing, in accordance with Section 26 or by such means as may be
selected by the Company) to each record holder of Common Shares as of the Close of Business on the Distribution Date (other than
any Acquiring Person or any of its Affiliates or Associates), at the address of such holder shown on the transfer books of the
Company or the transfer agent for the Common Shares, as applicable, one or more Rights Certificates evidencing one Right for each
Common Share so held, subject to adjustment as provided herein. Issuance of a Rights Certificate to any Person will not preclude
a later determination that all or part of the Rights represented thereby are null and void pursuant to Section 7(e). To the extent
that a Section 11(a)(ii) Event has also occurred, the Company may implement such procedures as it deems appropriate in its sole
discretion to minimize the possibility that Rights are issued to any Person whose Rights are null and void pursuant to Section
7(e). In the event that an adjustment in the number of Rights per Common Share has been made pursuant to Section 11, then at the
time of distribution of the Rights Certificates, the Company will make the necessary and appropriate rounding adjustments (in accordance
with Section 14(a)) so that Rights Certificates representing only whole numbers of Rights are distributed and cash is paid in lieu
of any fractional Rights (in accordance with Section 14(a)). As of and after the Distribution Date, the Rights will be evidenced
solely by the Rights Certificates and may be transferred by the transfer of the Rights Certificates as permitted hereby, separately
and apart from any transfer of Common Shares, and the holders of such Rights Certificates as shown on the transfer books of the
Company or the transfer agent for the Rights (which may be the Rights Agent), as applicable, will be the record holders thereof.
The Company will promptly notify the Rights Agent in writing upon the occurrence of the Distribution Date. Until such notice is
provided to the Rights Agent, the Rights Agent may presume conclusively that the Distribution Date has not occurred.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Summary of Rights; Outstanding Common Shares</I>. The Company will make available, or cause to be made available, promptly
after the Record Date, a copy of the Summary of Rights to any holder of Rights who may so request from time to time prior to the
Expiration Date. With respect to certificates for Common Shares and Book Entry Shares, as applicable, outstanding as of the Record
Date or issued subsequent to the Record Date, until the earlier of the Distribution Date or the Expiration Date, the Rights will
be evidenced by such certificates or Book Entry Shares, and the registered holders of the Common Shares will also be the registered
holders of the associated Rights. Until the earlier of the Distribution Date or the Expiration Date, the surrender for transfer
of any Common Shares in respect of which Rights have been issued (with or without a copy of the Summary of Rights) will also constitute
the transfer of the Rights associated with such Common Shares. Notwithstanding anything to the contrary in this Plan, upon the
effectiveness of a redemption pursuant to Section 23 or an exchange pursuant to Section 24, the Company will not thereafter issue
any additional Rights and, for the avoidance of doubt, no Rights will be attached to or will be issued with any Common Shares (including
any Common Shares issued pursuant to an exchange) at any time thereafter.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Legend</I>. Rights will be issued in respect of all Common Shares that are issued (whether as an original issuance or
from the Company&rsquo;s treasury) after the Record Date but prior to the earlier of the Distribution Date or the Expiration Date.
Certificates representing such Common Shares will also be deemed to be certificates for Rights, and will bear the following legend
if such certificates are issued after the Record Date but prior to the earlier of the Distribution Date or the Expiration Date:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in; text-align: justify">THIS CERTIFICATE ALSO EVIDENCES AND
ENTITLES THE HOLDER HEREOF TO CERTAIN RIGHTS AS SET FORTH IN A TAX PRESERVATION BENEFIT PLAN, DATED AS OF April 18, 2017, BETWEEN
CAPSTONE THERAPEUTICS CORP. (THE &ldquo;COMPANY&rdquo;) AND COMPUTERSHARE INC., AS RIGHTS AGENT, AS THE SAME MAY BE AMENDED FROM
TIME TO TIME (THE &ldquo;RIGHTS PLAN&rdquo;), THE TERMS OF WHICH ARE HEREBY INCORPORATED HEREIN BY REFERENCE AND A COPY OF WHICH
IS ON FILE AT THE PRINCIPAL EXECUTIVE OFFICES OF THE COMPANY. UNDER CERTAIN CIRCUMSTANCES, AS SET FORTH IN THE RIGHTS PLAN, SUCH
RIGHTS (AS DEFINED IN THE RIGHTS PLAN) MAY BE REDEEMED, MAY BECOME EXERCISABLE FOR SECURITIES OR ASSETS OF THE COMPANY OR SECURITIES
OF ANOTHER ENTITY, MAY BE EXCHANGED FOR SHARES OF COMMON STOCK OR OTHER SECURITIES OR ASSETS OF THE COMPANY, MAY EXPIRE OR MAY
BE EVIDENCED BY SEPARATE CERTIFICATES AND MAY NO LONGER BE EVIDENCED BY THIS CERTIFICATE. THE COMPANY WILL MAIL TO THE HOLDER OF
THIS CERTIFICATE A COPY OF THE RIGHTS PLAN WITHOUT CHARGE AFTER RECEIPT OF A WRITTEN REQUEST THEREFOR. <B>UNDER CERTAIN CIRCUMSTANCES
AS SET FORTH IN THE RIGHTS PLAN, RIGHTS THAT ARE OWNED BY, TRANSFERRED TO OR HAVE BEEN OWNED BY AN ACQUIRING PERSON (AS DEFINED
IN THE RIGHTS PLAN) OR ANY OF ITS AFFILIATES (AS DEFINED IN THE RIGHTS PLAN) OR ASSOCIATES (AS DEFINED IN THE RIGHTS PLAN) WILL
BE NULL AND VOID AND WILL NO LONGER BE TRANSFERRABLE.</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">With respect to any Book Entry Shares,
a legend in substantially similar form will be included in a notice to the record holder of such shares in accordance with applicable
law. With respect to such certificates for Common Shares or Book Entry Shares, as applicable, containing the foregoing legend,
until the earlier of the Distribution Date or the Expiration Date, (i) the Rights associated with the Common Shares represented
by such certificates or Book Entry Shares will be evidenced solely by such certificates or Book Entry Shares, (ii) the registered
holders of the Common Shares will also be the registered holders of the associated Rights and (iii) the surrender for transfer
of any such certificates or Book Entry Shares (with or without a copy of the Summary or Rights) will also constitute the transfer
of the Rights associated with the Common Shares represented thereby. Notwithstanding this Section 3(c), the omission of the legend
required hereby, the inclusion of a legend that makes reference to a rights agreement other than this Plan or the failure to provide
notice thereof will not affect the enforceability of any part of this Plan or the rights of any holder of Rights.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Acquisitions of Rights by the Company</I>. In the event that the Company purchases or acquires any Common Shares after
the Record Date but prior to the earlier of the Distribution Date or the Expiration Date, any Rights associated with such Common
Shares will be deemed cancelled and retired so that the Company will not be entitled to exercise any Rights associated with the
Common Shares that are no longer outstanding.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4. <I>Form
of Rights Certificates</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Rights Certificates</I>. The Rights Certificates (and the form of election to purchase and form of assignment, including
the certifications therein, to be printed on the reverse thereof) will be substantially in the form of Exhibit B hereto, and may
have such marks of identification or designation and such legends, summaries or endorsements printed thereon as the Company may
deem appropriate (but which do not affect the rights, duties, responsibilities and liabilities of the Rights Agent) and are not
inconsistent with the provisions of this Plan, or as may be required to comply with any applicable law or with any rule or regulation
made pursuant thereto, with any applicable rule or regulation of any applicable stock exchange or trading system or the Financial
Industry Regulatory Authority, or to conform to usage. Subject to the provisions of Section 11 and Section 22, the Rights Certificates,
whenever distributed, will be dated as of the Record Date (or in the case of Rights issued with respect to Common Shares issued
by the Company after the Record Date, as of the date of issuance of such Common Shares) and on their face will entitle the holders
thereof to purchase such number of one one-hundredths of a Preferred Share as will be set forth therein at the price set forth
therein (such exercise price per one one-hundredth of a Preferred Share, the &ldquo;Exercise Price&rdquo;), but the number and
type of securities purchasable upon the exercise of each Right and the Exercise Price will be subject to adjustment as provided
herein.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Certain Legends</I>. Any Rights Certificate issued pursuant to Section 3(a), Section 11(h) or Section 22 that represents
Rights that are Beneficially Owned by an Acquiring Person, an Affiliate or Associate of an Acquiring Person, a Post-Event Transferee,
a Pre-Event Transferee, a Subsequent Transferee or (v) any nominee of any of the foregoing, and any Rights Certificate issued pursuant
to Section&nbsp;6 or Section 11 upon transfer, exchange, replacement or adjustment of any other Rights Certificate referred to
in this sentence, will contain (to the extent feasible) the following legend:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in; text-align: justify">THE RIGHTS REPRESENTED BY THIS RIGHTS
CERTIFICATE ARE OR WERE BENEFICIALLY OWNED BY A PERSON WHO WAS OR BECAME AN ACQUIRING PERSON OR AN AFFILIATE OR ASSOCIATE OF AN
ACQUIRING PERSON. ACCORDINGLY, THIS RIGHTS CERTIFICATE AND THE RIGHTS REPRESENTED HEREBY MAY BECOME NULL AND VOID IN THE CIRCUMSTANCES
SPECIFIED IN SECTION 7(e) OF THE RIGHTS PLAN.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Uncertificated Rights</I>. Notwithstanding anything to the contrary in this Plan, the Company and the Rights Agent may
amend this Plan to provide for uncertificated Rights in addition to or in place of Rights evidenced by Rights Certificates.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5. <I>Countersignature
and Registration</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Countersignature</I>. The Rights Certificates will be executed on behalf of the Company by its Chairman of the Board,
Chief Executive Officer, President or Chief Financial Officer, which execution will be attested to by the Secretary or an Assistant
Secretary of the Company, in each case either manually or by facsimile signature, and will have affixed thereto the Company&rsquo;s
seal (if any) or a facsimile thereof. The Rights Certificates will be countersigned, either manually or by facsimile signature,
by an authorized signatory of the Rights Agent, but it will not be necessary for the same signatory to countersign all of the Rights
Certificates. No Rights Certificate will be valid for any purpose unless countersigned by the Rights Agent. If any director or
officer of the Company who has signed or attested to any of the Rights Certificates ceases to be such director or officer of the
Company before countersignature by the Rights Agent and issuance and delivery by the Company, such Rights Certificates nevertheless
may be countersigned by the Rights Agent and issued and delivered by the Company with the same force and effect as though the person
who signed or attested to such Rights Certificates on behalf of the Company had not ceased to be a director or officer of the Company.
Any Rights Certificate may be signed or attested to on behalf of the Company by any person who, as of the actual date of the execution
of such Rights Certificate, is a proper director or officer of the Company to sign such Rights Certificate, although at the date
of the execution of this Plan any such person was not such a director or officer.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Transfer Books</I>. Following the Distribution Date, the Rights Agent will keep or cause to be kept, at its office designated
for such purposes, books for registration and transfer of the Rights Certificates issued hereunder. Such books will show the names
and addresses of the respective holders of the Rights Certificates, the number of Rights evidenced on its face by each of the Rights
Certificates, the certificate number of each of the Rights Certificates and the date of each of the Rights Certificates. The Rights
Agent will not register, or permit to be registered, any transfer or exchange of any Rights Certificates (or the underlying Rights)
that have become null and void pursuant to Section 7(e), have been redeemed pursuant to Section 23 or have been exchanged pursuant
to Section 24.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 6. <I>Transfer,
Split Up, Combination and Exchange of Rights Certificates; Mutilated, Destroyed, Lost or Stolen Rights Certificates</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Transfer, Split Up, Combination and Exchange of Rights Certificates</I>. Subject to the provisions of Section 4(b), Section
7(e), Section 14 and Section 24, at any time after the Close of Business on the Distribution Date, and at or prior to the Close
of Business on the Expiration Date, any Rights Certificate (other than any Rights Certificate representing Rights that have become
null and void pursuant to Section 7(e) or that have been exchanged pursuant to Section 24) may be transferred, split up, combined
or exchanged for another Rights Certificate entitling the registered holder to purchase a like number of one one-hundredths of
a Preferred Share (or, following a Triggering Event, other securities, cash or other assets, as the case may be) as the Rights
Certificate surrendered then entitled such holder (or former holder in the case of a transfer) to purchase. Any registered holder
desiring to transfer, split up, combine or exchange any Rights Certificate will make such request in writing delivered to the Rights
Agent, and will surrender the Rights Certificate to be transferred, split up, combined or exchanged at the office of the Rights
Agent designated for such purpose. Notwithstanding anything in this Plan to the contrary, neither the Rights Agent nor the Company
will be obligated to take any action whatsoever with respect to the transfer of any such surrendered Rights Certificate until the
registered holder has properly completed and duly executed the certificate contained in the form of assignment on the reverse side
of such Rights Certificate and has provided such additional evidence of the identity of the Beneficial Owner (or former Beneficial
Owner) or Affiliates or Associates thereof, in each case as the Company or the Rights Agent reasonably requests. Thereupon, subject
to Section 4(b), Section 7(e), Section 14 and Section 24, the Rights Agent will countersign (by manual or facsimile signature)
and deliver to the Person entitled thereto a Rights Certificate as so requested. The Company or the Rights Agent may require payment
from the holder of a Rights Certificate of a sum sufficient to cover any tax or governmental charge that may be imposed in connection
with any transfer, split up, combination or exchange of any Rights Certificate. If and to the extent that the Company does require
payment of any such tax or charge, the Company will provide the Rights Agent prompt written notice thereof and the Rights Agent
will not deliver any Right Certificate unless and until the Rights Agent is satisfied that all such payments have been made, and
the Rights Agent will forward any such sum collected by it to the Company or to such Person as the Company specifies by written
notice. The Rights Agent will not have any duty or obligation to take any action pursuant to any Section of this Plan related to
the issuance or delivery of Rights Certificates unless and until it is satisfied that all such taxes or charges have been paid.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Mutilated, Destroyed, Lost or Stolen Rights Certificates</I>. Subject to the provisions of Section 7(e), Section 11(a)(ii)
and Section 24, at any time after the Distribution Date and prior to the Expiration Date, upon receipt by the Company and the Rights
Agent of evidence reasonably satisfactory to them of the loss, theft, destruction or mutilation of a Rights Certificate and such
additional evidence of the identity of the Beneficial Owner (or former Beneficial Owner) or Affiliates or Associates thereof as
the Company or the Rights Agent may request, and, in case of loss, theft or destruction, of indemnity or security reasonably satisfactory
to them, and reimbursement to the Company and the Rights Agent of all reasonable expenses incidental thereto, and upon surrender
to the Rights Agent and cancellation of the Rights Certificate if mutilated, the Company will make and deliver a new Rights Certificate
of like tenor to the Rights Agent for countersignature and delivery to the registered holder in lieu of the Rights Certificate
so lost, stolen, destroyed or mutilated. Every new Rights Certificate issued pursuant to this Section 6(b) in lieu of any lost,
stolen, destroyed or mutilated Rights Certificate will evidence an original additional contractual obligation of the Company, whether
or not the lost, stolen, destroyed or mutilated Rights Certificate will be at any time enforceable by anyone, and, subject to Section
7(e) will be entitled to all the benefits of this Plan equally and proportionately with any and all other Rights duly issued hereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 7. <I>Exercise
of Rights; Exercise Price; Expiration Date of Rights</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Exercise of Rights</I>. Subject to Section 7(e), Section 23(b) and Section 24(a), the registered holder of any Rights
Certificate may exercise the Rights evidenced thereby (except as otherwise provided herein) in whole or in part on any Business
Day at or after the Distribution Date and prior to the Close of Business on the Expiration Date by surrender of the Rights Certificate,
with the form of election to purchase and certificate on the reverse side thereof properly completed and duly executed, to the
Rights Agent at the office of the Rights Agent designated for such purpose, together with payment of the Exercise Price for each
one one-hundredth of a Preferred Share (or, following a Triggering Event, other securities, cash or other assets, as the case may
be) as to which the Rights are exercised.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Price</I>. The Exercise Price for each one one-hundredth of a Preferred Share issuable pursuant to the exercise of a
Right is initially $5.00 and is subject to adjustment from time to time as provided in Section 11 or Section 13, and is payable
in accordance with Section 7(c).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Payment</I>. Except as otherwise provided in this Plan, upon receipt of a Rights Certificate representing exercisable
Rights, with the form of election to purchase and certification properly completed and duly executed, accompanied by payment of
the aggregate Exercise Price for the total number of one one-hundredths of a Preferred Share (or, following a Triggering Event,
other securities, cash or other assets, as the case may be) to be purchased and an amount equal to any applicable transfer tax
or governmental charge required to be paid by the holder of such Rights Certificate in accordance with Section 9(e), the Rights
Agent will, subject to Section 7(f) and Section 20(k), thereupon promptly (i) (A) requisition from any transfer agent of the Preferred
Shares (or make available, if the Rights Agent is the transfer agent for the Preferred Shares) a certificate for the total number
of one one-hundredths of a Preferred Share (or, following a Triggering Event, other securities, cash or other assets, as the case
may be) to be purchased (or, in the case of uncertificated shares or other securities, requisition from the transfer agent a notice
setting forth such number of shares or other securities to be purchased for which registration will be made on the transfer books
of the Company), and the Company hereby irrevocably authorizes its transfer agent to comply with all such requests, or (B) if the
Company has elected to deposit the total number of one one-hundredths of a Preferred Share (or, following a Triggering Event, other
securities, cash or other assets, as the case may be) issuable upon exercise of the Rights hereunder with a depositary agent, requisition
from such depositary agent depositary receipts representing interests in such number of one one-hundredths of a Preferred Share
(or, following a Triggering Event, other securities, cash or other assets, as the case may be) as are to be purchased (in which
case certificates for the Preferred Shares (or, following a Triggering Event, other securities, cash or other assets, as the case
may be) represented by such receipts will be deposited by the transfer agent with such depositary agent) and the Company hereby
irrevocably directs such depositary agent to comply with such request; (ii) when appropriate, requisition from the Company the
amount of cash, if any, to be paid in lieu of the issuance of fractional shares in accordance with Section 14; (iii) after receipt
of such certificates, notices, or depositary receipts, cause the same to be delivered to or upon the order of the registered holder
of such Rights Certificate, registered in such name or names as may be designated by such holder; and (iv) when appropriate, after
receipt thereof, deliver such cash to or upon the order of the registered holder of such Rights Certificate. The payment of the
Exercise Price (as such amount may be reduced (including to zero) pursuant to Section 11(a)(iii)), and an amount equal to any applicable
transfer tax or governmental charge required to be paid by the holder of such Rights Certificate in accordance with Section 9(e),
may be made by certified bank check, money order, cashier&rsquo;s check or bank draft payable to the order of the Company. In the
event that the Company is obligated to issue securities of the Company other than Preferred Shares, pay cash or distribute other
property pursuant to Section 11(a), then the Company will make all arrangements necessary so that such other securities, cash or
other property are available for distribution by the Rights Agent, if and when appropriate. Notwithstanding anything to the contrary
in this Plan, the Company reserves the right to require that prior to the occurrence of a Triggering Event, upon any exercise of
Rights, a number of Rights be exercised so that only whole Preferred Shares would be issued.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Partial Exercise</I>. If the registered holder of any Rights Certificate exercises less than all the Rights evidenced
thereby, then a new Rights Certificate evidencing Rights equivalent to the Rights remaining unexercised will be issued by the Rights
Agent and delivered to or upon the order of the registered holder of such Rights Certificate, registered in such name as may be
designated by such holder, subject to the provisions of Section 14.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Prohibited Issuances</I>. Notwithstanding anything to the contrary in this Plan, from and after the first occurrence
of a Triggering Event, any Rights that are or were acquired or Beneficially Owned by (i) an Acquiring Person or an Affiliate or
Associate of an Acquiring Person, (ii) a transferee of an Acquiring Person (or an Affiliate or Associate of an Acquiring Person)
who becomes a transferee after the Acquiring Person becomes such (a &ldquo;Post-Event Transferee&rdquo;), (iii) a transferee of
an Acquiring Person (or an Affiliate or Associate of an Acquiring Person) who becomes a transferee prior to or concurrently with
the Acquiring Person becoming such and receives such Rights pursuant to either (A) a transfer (whether or not for consideration)
from the Acquiring Person to holders of equity interests in such Acquiring Person or to any Person with whom the Acquiring Person
has any continuing agreement, arrangement or understanding whether or not in writing regarding the transferred Rights or (B) a
transfer that the Board has determined is part of a plan, arrangement or understanding that has as a primary purpose or effect
the avoidance of this Section 7(e) (a &ldquo;Pre-Event Transferee&rdquo;), (iv) any subsequent transferee receiving transferred
Rights from a Post-Event Transferee or a Pre-Event Transferee, either directly or through one or more intermediate transferees
(a &ldquo;Subsequent Transferee&rdquo;), or (v) any nominee of any of the foregoing will, in each case, become null and void without
any further action, and no holder (whether or not such holder is an Acquiring Person or an Affiliate or Associate of an Acquiring
Person) of such Rights will have any rights whatsoever (including the right to exercise) with respect to such Rights or any Rights
Certificates that formerly evidenced such Rights, whether pursuant to any provision of this Plan or otherwise. From and after the
first occurrence of a Triggering Event, no Rights Certificate will be issued pursuant to this Plan (including to an Acquiring Person,
an Affiliate or Associate of an Acquiring Person, a Post-Event Transferee, a Pre-Event Transferee, a Subsequent Transferee or any
nominee of any of the foregoing) that represents one or more Rights that are or have become void pursuant to this Section 7(e)
or with respect to any Common Shares otherwise deemed to be Beneficially Owned by any of the foregoing, and any Rights Certificate
delivered to the Rights Agent that represents Rights that are or have become null and void pursuant to this Section 7(e) will be
cancelled. The Company will use all reasonable efforts to ensure that the provisions of this Section 7(e) and Section&nbsp;4(b)
are complied with, but neither the Company nor the Rights Agent will have any liability to any holder of Rights Certificates or
to any other Person as a result of the Company&rsquo;s failure to make any determinations with respect to an Acquiring Person,
an Affiliate or Associate of an Acquiring Person, a Post-Event Transferee, a Pre-Event Transferee, a Subsequent Transferee or any
nominee of any of the foregoing. The Company will provide the Rights Agent with written notice of the identity of any such Acquiring
Person, Affiliate or Associate of an Acquiring Person, Post-Event Transferee, Pre-Event Transferee, Subsequent Transferee or any
nominee of any of the foregoing, and the Rights Agent may rely on such notice in carrying out its duties pursuant to this Plan
and will be deemed not to have any knowledge of the identity of any such Person unless and until it has received such notice.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Information Concerning Ownership</I>. Notwithstanding anything to the contrary in this Plan, neither the Rights Agent
nor the Company is obligated to undertake any action with respect to a registered holder of Rights upon the occurrence of any purported
exercise or transfer of Rights as set forth in this Section 7 unless such registered holder, in addition to having complied with
the requirements of Section&nbsp;7(a), has (i) properly completed and duly executed the certificate contained in the form of election
to purchase or form of assignment, as applicable, set forth on the reverse side of the Rights Certificate surrendered for such
exercise or assignment; and (ii) provided such additional evidence (including the identity of the Beneficial Owner (or former Beneficial
Owner) thereof and of the Rights evidenced thereby, and the Affiliates or Associates of such Beneficial Owner or former Beneficial
Owner) as the Company or the Rights Agent may reasonably request. If such registered holder does not comply with the foregoing
requirements, then the Company will be entitled to conclusively deem such Rights to be Beneficially Owned by an Acquiring Person
(or an Affiliate or Associate of an Acquiring Person, a Post-Event Transferee, a Pre-Event Transferee, a Subsequent Transferee
or any nominee of any of the foregoing, as applicable) and, accordingly, such Rights will be null and void and not exercisable
or transferable.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 8. <I>Cancellation
and Destruction of Rights Certificates</I>. All Rights Certificates surrendered for the purpose of exercise, transfer, split up,
combination, redemption or exchange will, if surrendered to the Company or to any of its agents, be delivered to the Rights Agent
for cancellation or in cancelled form, or, if surrendered to the Rights Agent, will be cancelled by it, and no Rights Certificates
will be issued in lieu thereof except as expressly permitted by any of the provisions of this Plan. The Company will deliver to
the Rights Agent for cancellation and retirement, and the Rights Agent will so cancel and retire, any Rights Certificate purchased
or acquired by the Company otherwise than upon the exercise thereof. Subject to applicable law, the Rights Agent will maintain
electronic or physical records of all Rights Certificates that have been cancelled or destroyed by the Rights Agent. The Rights
Agent must maintain such electronic or physical records for the time period required by applicable law. The Rights Agent must deliver
all cancelled Rights Certificates to the Company, or shall, at the written request of the Company, destroy, or cause to be destroyed,
such cancelled Rights Certificates, and in such case must deliver a certificate evidencing the destruction thereof to the Company
(or, at the Company&rsquo;s option, appropriate copies of the electronic or physical records relating to Rights Certificates so
cancelled or destroyed by the Rights Agent).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 9. <I>Reservation
and Availability of Preferred Shares</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Reservation</I>. The Company covenants and agrees that it will use all reasonable efforts to cause to be reserved and
kept available out of its authorized and unissued Preferred Shares not reserved for another purpose (and, following the occurrence
of a Triggering Event, out of its authorized and unissued Common Shares or other securities, or out of its authorized and issued
shares held in treasury), the number of Preferred Shares (and, following the occurrence of a Triggering Event, Common Shares or
other securities) that will be sufficient to permit the exercise in full of all outstanding Rights.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Listing</I>. So long as the Preferred Shares (and, following the occurrence of a Triggering Event, Common Shares or other
securities) issuable and deliverable upon the exercise of the Rights may be listed on any national securities exchange, then the
Company must use all reasonable efforts to cause, from and after such time as the Rights become exercisable (but only to the extent
that it is reasonably likely that the Rights will be exercised), all shares reserved for such issuance to be listed on such exchange
upon official notice of issuance upon such exercise.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Registration</I>. If required by applicable law, the Company will use all reasonable efforts to (i) file, as soon as
practicable following the earliest date after the first occurrence of a Section 11(a)(ii) Event in which the consideration to be
delivered by the Company upon exercise of the Rights is described in Section 11(a)(ii) or Section&nbsp;11(a)(iii), or as soon as
is required by law following the Distribution Date, as the case may be, a registration statement pursuant to the Securities Act
with respect to the securities purchasable upon exercise of the Rights on an appropriate form; (ii) cause such registration statement
to become effective as soon as practicable after such filing; and (iii) cause such registration statement to remain effective (with
a prospectus at all times meeting the requirements of the Securities Act) until the earlier of (A) the date as of which the Rights
are no longer exercisable for such securities and (B) the Expiration Date. The Company may temporarily suspend, from time to time
for a period not to exceed 120 days after the date set forth in clause (i) of the first sentence of this Section 9(c), the exercisability
of the Rights in order to prepare and file such registration statement and permit it to become effective or in order to prepare
and file any supplement or amendment to such registration statement that the Board determines to be necessary pursuant to applicable
law. Upon any such suspension, the Company will issue a public announcement stating, and notify the Rights Agent in writing, that
the exercisability of the Rights has been temporarily suspended, as well as issue a public announcement, and notify the Rights
Agent in writing, at such time as the suspension is no longer in effect. In addition, if the Company determines that a registration
statement is required following the Distribution Date, then the Company may temporarily suspend the exercisability of the Rights
until such time as such registration statement has been declared effective. The Company will also take such action as may be appropriate
under, or to ensure compliance with, the securities or &ldquo;blue sky&rdquo; laws of the various states in connection with the
exercisability of the Rights, as well as any other applicable law, rule or regulation. Notwithstanding anything to the contrary
in this Plan, the Rights will not be exercisable in any jurisdiction unless the requisite qualification in such jurisdiction has
been obtained (and the exercise thereof is permitted pursuant to applicable law), or an exemption therefrom is available, and until
a registration statement in respect thereof has been declared and remains effective.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Valid Issuance</I>. The Company covenants and agrees that it will take all such action as may be necessary to ensure
that all Preferred Shares (and, following the occurrence of a Triggering Event, Common Shares or other securities of the Company)
delivered upon exercise of Rights will, at the time of delivery of the certificates for such securities (or registration on the
transfer books of the Company or the transfer agent for such securities) (subject to payment of the Exercise Price, if any), be
duly and validly authorized and issued and fully paid and nonassessable.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Taxes and Charges</I>. The Company further covenants and agrees that it will pay when due and payable any and all transfer
taxes and governmental charges that may be payable in respect of the original issuance or delivery of Rights Certificates (or any
Preferred Share, Common Share or other security of the Company, as the case may be) upon the exercise or exchange of Rights. Notwithstanding
the foregoing, the Company is not required to (i) pay any transfer tax or governmental charge that may be payable in respect of
any transfer or delivery of Rights Certificates (or certificates or depositary receipts for Preferred Shares, Common Shares or
other securities of the Company, as the case may be) in a name other than, or the issuance or delivery of certificates or depositary
receipts for Preferred Shares, Common Shares or other securities of the Company, as the case may be, in a name other than, that
of the registered holder of the Rights Certificate evidencing Rights surrendered for exercise or exchange; or (ii) issue or deliver
any certificates or depositary receipts for Preferred Shares, Common Shares or other securities of the Company, as the case may
be, upon the exercise or exchange of any Rights until any such transfer tax or charge has been paid (any such transfer tax or charge
being payable by the registered holder of such Rights Certificate at the time of surrender or exchange) or it has been established
to the Company&rsquo;s satisfaction that no such tax or charge is due. The foregoing also apply to any transfer taxes and governmental
charges that may be payable in respect of any uncertificated Rights Certificates, shares or other securities.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 10. <I>Record
Date for Securities Issued</I>. Each Person in whose name any certificate for a number of one one-hundredths of a Preferred Share
(or any other security of the Company, including Common Shares) is issued (or registration on the transfer books of the Company
or the applicable transfer agent is effected) upon the exercise or exchange of Rights will for all purposes be deemed to have become
the holder of record of such fractional Preferred Share (or other security of the Company) represented thereby on, and such certificate
will be dated (or registration on the transfer books of the Company or the applicable transfer agent effected), the date on which
the Rights Certificate evidencing such Rights was duly surrendered and payment of the applicable Exercise Price, if any, together
with any applicable transfer tax or governmental charge required to be paid by the holder of such Rights Certificate in accordance
with Section&nbsp;9(e), was made; provided, however, that if the date of such surrender and payment is a date upon which the transfer
books of the Company (or the applicable transfer agent) are closed, then such Person will be deemed to have become the record holder
of such fractional Preferred Shares (or other securities of the Company) on, and such certificate will be dated (or registration
on the transfer books of the Company or the applicable transfer agent effected), the next succeeding Business Day on which the
transfer books of the Company (or the applicable transfer agent) are open. Prior to the exercise of the Rights evidenced thereby,
the holder of a Rights Certificate is not entitled to any rights of a holder of Preferred Shares (or any other security of the
Company) for which the Rights are exercisable, including the right to vote, to receive dividends or other distributions, or to
exercise any preemptive rights, and is not be entitled to receive any notice of any proceedings of the Company, except as provided
herein.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 11. <I>Adjustment
of Exercise Price, Number and Kind of Shares or Number of Rights</I>. The Exercise Price, the number and kind of shares or other
property covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in
this Section 11.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Certain Adjustments to Preferred Shares</I>. Notwithstanding anything to the contrary in this Plan, in the event that
the Company at any time after the Rights Dividend Declaration Date (A) declares a dividend on the Preferred Shares payable in Preferred
Shares, (B) subdivides or splits the outstanding Preferred Shares, (C) combines or consolidates the outstanding Preferred Shares
(by reverse stock split or otherwise) into a smaller number of Preferred Shares or (D) issues any shares of its capital stock in
a reclassification of the Preferred Shares (including any such reclassification in connection with a share exchange, consolidation
or merger in which the Company is the continuing or surviving corporation), then, in each such event, except as otherwise provided
in this Section 11(a)(i) and Section&nbsp;7(e), (1) the Exercise Price in effect at the time of the record date for such dividend
or of the effective date of such subdivision, split, combination, consolidation or reclassification, and the number and kind of
Preferred Shares or capital stock of the Company, as the case may be, issuable on such date, will be proportionately adjusted so
that the holder of any Right exercised after such time will be entitled to receive, upon payment of the Exercise Price then in
effect, the aggregate number and kind of Preferred Shares or securities of the Company, as the case may be, that, if such Right
had been exercised immediately prior to such date (and at a time when the Preferred Shares transfer books of the Company were open),
such holder would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, split, combination,
consolidation or reclassification; provided, however, that in no event will the consideration to be paid upon the exercise of one
Right be less than the aggregate par value of the shares of capital stock of the Company issuable upon the exercise of one Right.
If an event occurs that would require an adjustment pursuant to both this Section&nbsp;11(a)(i) and Section 11(a)(ii), then the
adjustment provided for in this Section 11(a)(i) will be in addition to, and will be made prior to, any adjustment required pursuant
to Section 11(a)(ii).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Exercise of Rights Following Certain Events</I>. Subject to Section 23 and Section&nbsp;24, in the event that any Person,
at any time after the Rights Dividend Declaration Date, becomes an Acquiring Person, unless the event causing such Person to become
an Acquiring Person is a transaction set forth in Section 13(a), then promptly following the occurrence of such event each holder
of a Right, except as provided below and in Section 7(e), will thereafter have the right to receive for each Right, upon exercise
thereof in accordance with the terms of this Plan and payment of the Exercise Price in effect immediately prior to the occurrence
of such event, in lieu of a number of one one-hundredths of a Preferred Share, such number of Common Shares as equals the quotient
obtained by dividing (A) the product obtained by multiplying (1) the Exercise Price in effect immediately prior to the first occurrence
of such event by (2) the number of one one-hundredths of a Preferred Share for which a Right was exercisable (or would have been
exercisable if the Distribution Date had occurred) immediately prior to the first occurrence of such event by (B) 50% of the Current
Per Share Market Price for Common Shares on the date of such first occurrence of such event (such number of shares, the &ldquo;Adjustment
Shares&rdquo;); <I>provided</I>, <I>however</I>, that the Exercise Price and the number of Common Shares so receivable upon the
exercise of a Right will be subject to further adjustment as appropriate in accordance with Section 11(e). In the event that a
Section 11(a)(ii) Event has occurred and the Rights are outstanding, then, subject to Section 26, the Company may not take any
action that would eliminate or diminish the benefits intended to be afforded by the Rights. The Company will promptly notify the
Rights Agent in writing when this Section 11(a)(ii) applies.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Insufficient Common Shares</I>. In the event that the number of Common Shares that are authorized by the Company&rsquo;s
Amended and Restated Articles of Incorporation but not outstanding or reserved for issuance for purposes other than upon exercise
of the Rights are not sufficient to permit the exercise in full of the Rights in accordance with Section 11(a)(ii), or if any necessary
regulatory or shareholder approval for such issuance has not been obtained by the Company, then, in the event that the Rights become
exercisable, the Company will (A) determine the Spread and (B) with respect to each Right (subject to Section 7(e)), make adequate
provision to substitute for the Adjustment Shares issuable pursuant thereto, upon the exercise of a Right and the payment of the
applicable Exercise Price, (1) cash, (2) a reduction in the Exercise Price, (3) Preferred Shares, (4) other equity securities of
the Company (including shares or units of shares of any series of preferred stock that, by virtue of having dividend, voting and
liquidation rights substantially comparable to those of the Common Shares, the Board has deemed in good faith to have substantially
the same value or economic rights as the Common Shares (such shares or units of shares of preferred stock, &ldquo;Common Share
Equivalents&rdquo;)), (5) debt securities of the Company, (6) other assets or (7) any combination of the foregoing, in each case
having an aggregate value equal to the Current Value (less the amount of any reduction in the Exercise Price), where such aggregate
value has been determined by the Board based upon the advice of a nationally recognized investment banking firm selected by the
Board, which determination will be described in a written statement filed with the Rights Agent and will be binding on the Rights
Agent and the holders of the Rights; <I>provided</I>, <I>however</I>, that if the Company has not made adequate provision to deliver
value pursuant to clause (B) above within 30 days following the later of (x) the first occurrence of a Section 11(a)(ii) Event
and (y) the date on which the Company&rsquo;s right of redemption pursuant to Section 23(a) expires (the later of (x) or (y), the
&ldquo;Section 11(a)(ii) Trigger Date&rdquo;), then the Company will be obligated to deliver, upon the surrender for exercise of
a Right and without requiring payment of the Exercise Price, Common Shares (to the extent available and except to the extent that
the Company has not obtained any necessary shareholder or regulatory approval for such issuance) and such number or fractions of
Preferred Shares and then, if necessary, cash, which shares or cash have an aggregate value equal to the Spread. If the Board determines
in good faith that it is likely that sufficient additional Common Shares could be authorized for issuance upon exercise in full
of the Rights or that any necessary shareholder or regulatory approval for such issuance could be obtained, the 30 day period set
forth above may be extended and re-extended to the extent necessary (with prompt written notice of any such extension provided
to the Rights Agent) from time to time, but not more than 120 days after the Section&nbsp;11(a)(ii) Trigger Date, so that the Company
may seek shareholder approval for the authorization of such additional Common Shares or take such action necessary to obtain such
regulatory approval (such period, as it may be extended, the &ldquo;Substitution Period&rdquo;). To the extent that the Company
determines that some action need be taken pursuant to the first or second sentences of this Section 11(a)(iii), the Company (a)
will provide, subject to Section 7(e), that such action applies uniformly to all outstanding Rights and (b) may suspend the exercisability
of the Rights until the expiration of the Substitution Period in order to seek such shareholder approval, to take any action necessary
to obtain such regulatory approval or to decide the appropriate form of distribution to be made pursuant to such first sentence
and to determine the value thereof. In the event of any such suspension, the Company will issue a public announcement (and promptly
provide written notice to the Rights Agent) stating that the exercisability of the Rights has been temporarily suspended, as well
as issue a public announcement (and promptly provide written notice to the Rights Agent) at such time as the suspension is no longer
in effect. For purposes of this Section 11(a)(iii), the value of the Common Shares will be the Current Per Share Market Price of
the Common Shares on the Section 11(a)(ii) Trigger Date and the value of any Common Share Equivalent will be deemed to have the
same value as the Common Shares on such date. The Board may, but will not be required to, establish procedures to allocate the
right to receive Common Shares upon the exercise of the Rights among holders of Rights pursuant to this Section 11(a)(iii).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Dilutive Rights Offering</I>. If the Company, at any time after the Rights Dividend Declaration Date, fixes a record
date for the issuance of rights, options or warrants to all holders of Preferred Shares entitling such holders (for a period expiring
within 45 days after such record date) to subscribe for or purchase Preferred Shares or Equivalent Shares, or securities convertible
into Preferred Shares or Equivalent Shares, at a price per share (or having a conversion or exercise price per share, if a security
that is convertible into or exercisable for Preferred Shares or Equivalent Shares) less than the Current Per Share Market Price
of the Preferred Shares on such record date, then, in each such case, the Exercise Price to be in effect after such record date
will be determined by multiplying the Exercise Price in effect immediately prior to such record date by a fraction, the numerator
of which shall be the number of Preferred Shares and Equivalent Shares (if any) outstanding on such record date, plus the number
of Preferred Shares or Equivalent Shares, as the case may be, that the aggregate offering price of the total number of Preferred
Shares or Equivalent Shares, as the case may be, to be offered or issued (or the aggregate initial conversion price of the convertible
securities to be offered or issued) would purchase at such Current Per Share Market Price, and the denominator of which shall be
the number of Preferred Shares and Equivalent Shares (if any) outstanding on such record date, plus the number of additional Preferred
Shares or Equivalent Shares, as the case may be, to be offered for subscription or purchase (or into which the convertible securities
so to be offered are initially convertible); <I>provided</I>, <I>however</I>, that in no event will the consideration to be paid
upon the exercise of one Right be less than the aggregate par value of the shares of capital stock of the Company issuable upon
the exercise of one Right. If such subscription price may be paid in a consideration part or all of which is in a form other than
cash, then the value of such consideration will be as determined in good faith by the Board, whose determination will be described
in a statement filed with the Rights Agent and will be binding on the Rights Agent and the holders of the Rights. Preferred Shares
and Equivalent Shares owned by or held for the account of the Company will not be deemed outstanding for the purpose of any such
computation. Such adjustment will be made successively whenever such a record date is fixed, and in the event that such rights,
options or warrants are not so issued, then the Exercise Price will be adjusted to be the Exercise Price that would then be in
effect if such record date had not been fixed.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Distributions</I>. If the Company, at any time after the Rights Dividend Declaration Date, fixes a record date for the
making of a distribution to all holders of Preferred Shares (including any such distribution made in connection with a share exchange,
consolidation or merger in which the Company is the continuing or surviving corporation) of cash (other than a periodic cash dividend
out of the earnings or retained earnings of the Company), assets (other than a dividend payable in Preferred Shares, but including
any dividend payable in stock other than Preferred Shares), evidences of indebtedness, subscription rights, options or warrants
(excluding those referred to in Section 11(b)), then, in each such case, the Exercise Price to be in effect after such record date
will be determined by multiplying the Exercise Price in effect immediately prior to such record date by a fraction, the numerator
of which will be the Current Per Share Market Price of a Preferred Share on such record date, less the fair market value per Preferred
Share (as determined in good faith by the Board, whose determination will be described in a statement filed with the Rights Agent
and will be conclusive and binding on the Rights Agent and the holders of the Rights) of the portion of the cash, assets or evidences
of indebtedness to be so distributed or of such subscription rights, options or warrants applicable to one Preferred Share, and
the denominator of which shall be such Current Per Share Market Price of a Preferred Share on such record date; <I>provided</I>,
<I>however</I>, that in no event will the consideration to be paid upon the exercise of one Right be less than the aggregate par
value of the shares of capital stock of the Company issuable upon the exercise of one Right. Such adjustment will be made successively
whenever such a record date is fixed, and in the event that such distribution is not so made, then the Exercise Price will be adjusted
to be the Exercise Price that would have been in effect if such record date had not been fixed.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Insignificant Changes</I>. Notwithstanding anything to the contrary in this Plan, no adjustment in the Exercise Price
is required unless such adjustment would require an increase or decrease of at least 1% of the Exercise Price; provided, however,
that any adjustments that by reason of this Section 11(d) are not required to be made will be carried forward and taken into account
in any subsequent adjustment. All calculations pursuant to this Section 11 must be made to the nearest cent or to the nearest ten-millionth
of a Preferred Share or ten-thousandth of any other share or security, as the case may be. Notwithstanding the first sentence of
this Section 11(d), any adjustment required by this Section 11 must be made no later than the earlier of (i) three years from the
date of the transaction that requires such adjustment or (ii) the Expiration Date.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Shares Other Than Preferred Shares</I>. If as a result of an adjustment made pursuant to Section 11(a) or Section 13(a),
the holder of any Right thereafter exercised will become entitled to receive any shares of capital stock other than Preferred Shares,
then thereafter the number of such other shares so receivable upon exercise of any Right and, if required, the Exercise Price thereof,
will be subject to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions
with respect to the Preferred Shares contained in Section 11(a), Section 11(b), Section 11(c), Section&nbsp;11(d), Section 11(g),
Section 11(h), Section 11(i), Section 11(j), Section 11(k) and Section&nbsp;11(l), and the provisions of Section 7, Section 9,
Section 10 and Section 13 with respect to the Preferred Shares will apply on like terms to any such other shares.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Rights Issued Subsequent to Adjustment</I>. All Rights originally issued by the Company subsequent to any adjustment
made to the Exercise Price hereunder will evidence the right to purchase, at the adjusted Exercise Price, the number of one one-hundredths
of a Preferred Share (and other shares of other capital stock or other securities, assets or cash of the Company, if any) purchasable
from time to time hereunder upon exercise of the Rights, all subject to further adjustment as provided herein.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Effect of Adjustments on Existing Rights</I>. Unless the Company has exercised its election as provided in Section 11(h),
upon each adjustment of the Exercise Price as a result of the calculations made in Section 11(b) and Section 11(c), each Right
outstanding immediately prior to the making of such adjustment will thereafter evidence the right to purchase, at the adjusted
Exercise Price, that number of Preferred Shares (calculated to the nearest ten-millionth of a Preferred Share) obtained by (i)
multiplying (A) the number of one one-hundredths of a Preferred Share covered by a Right immediately prior to this adjustment by
(B) the Exercise Price in effect immediately prior to such adjustment of the Exercise Price, and (ii) dividing the product so obtained
by the Exercise Price in effect immediately after such adjustment of the Exercise Price.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Adjustment in Number of Rights</I>. The Company may elect on or after the date of any adjustment of the Exercise Price
to adjust the number of Rights, in substitution for any adjustment in the number of one one-hundredths of a Preferred Share purchasable
upon the exercise of a Right. Each of the Rights outstanding after such adjustment of the number of Rights will be exercisable
for the number of one one-hundredths of a Preferred Share for which a Right was exercisable immediately prior to such adjustment.
Each Right held of record prior to such adjustment of the number of Rights will become that number of Rights (calculated to the
nearest ten-thousandth) obtained by dividing the Exercise Price in effect immediately prior to adjustment of the Exercise Price
by the Exercise Price in effect immediately after adjustment of the Exercise Price. The Company will make a public announcement
(and promptly provide written notice to the Rights Agent) of its election to adjust the number of Rights, indicating the record
date for the adjustment and, if known at the time, the amount of the adjustment to be made. This record date may be the date on
which the Exercise Price is adjusted or any day thereafter, but, if any Rights Certificates have been issued, will be at least
10 days later than the date of the public announcement. If any Rights Certificates have been issued, upon each adjustment of the
number of Rights pursuant to this Section 11(h), the Company will, as promptly as practicable, distribute or cause to be distributed
to holders of record of Rights Certificates on such record date Rights Certificates evidencing, subject to Section 14, the additional
Rights to which such holders will be entitled as a result of such adjustment, or, at the option of the Company, will distribute
or cause to be distributed to such holders of record in substitution and replacement for the Rights Certificates held by such holders
prior to the date of adjustment, and upon surrender thereof, if required by the Company, new Rights Certificates evidencing all
the Rights to which such holders will be entitled after such adjustment. Rights Certificates to be so distributed will be issued,
executed and countersigned in the manner provided for herein (and may bear, at the option of the Company, the adjusted Exercise
Price) and will be registered in the names of the holders of record of Rights Certificates on the record date specified in the
public announcement.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Rights Certificates Unchanged</I>. Irrespective of any adjustment or change in the Exercise Price or the number of one
one-hundredths of a Preferred Share issuable upon the exercise of the Rights, the Rights Certificates theretofore and thereafter
issued may continue to express the Exercise Price per one one-hundredth of a Preferred Share and the number of one one-hundredths
of a Preferred Share that were expressed in the initial Rights Certificates issued hereunder.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Par Value Limitations</I>. Before taking any action that would cause an adjustment reducing the Exercise Price below
the par or stated value, if any, of the number of one one-hundredths of a Preferred Share issuable upon exercise of the Rights,
the Company will take any corporate action that may, in the opinion of its counsel, be necessary in order that the Company may
duly and validly issue as fully paid and nonassessable shares such number of one one-hundredths of a Preferred Share at such adjusted
Exercise Price.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Deferred Issuance</I>. In any case in which this Section 11 requires that an adjustment in the Exercise Price be made
effective as of a record date for a specified event, the Company may elect to defer (with prompt written notice to the Rights Agent)
until the occurrence of such event the issuance to the holder of any Right exercised after such record date of the number of one
one-hundredths of a Preferred Share and other capital stock or securities, assets or cash of the Company, if any, issuable upon
such exercise over and above the number of one one-hundredths of a Preferred Share and other capital stock or securities, assets
or cash of the Company, if any, issuable upon such exercise on the basis of the Exercise Price in effect prior to such adjustment;
<I>provided</I>, <I>however</I>, that the Company must deliver to such holder a due bill or other appropriate instrument evidencing
such holder&rsquo;s right to receive such additional shares (fractional or otherwise) or securities upon the occurrence of the
event requiring such adjustment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Reduction in Exercise Price</I>. Notwithstanding anything to the contrary in this Section 11, the Company is entitled
to make such reductions in the Exercise Price, in addition to those adjustments expressly required by this Section 11, as and to
the extent that it, in its sole discretion, determines to be advisable in order that any (i) consolidation or subdivision of the
Preferred Shares or Common Shares, (ii) issuance wholly for cash of any Preferred Shares or Common Shares at less than the applicable
Current Per Share Market Price, (iii) issuance wholly for cash of Preferred Shares or Common Shares or securities that by their
terms are convertible into or exchangeable for Preferred Shares or Common Shares, (iv) stock dividend or (v) issuance of rights,
options or warrants referred to in this Section 11 hereafter made by the Company to holders of Preferred Shares or Common Shares
is not be taxable to such shareholders.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>No Diminishment of Benefit of Rights</I>. The Company covenants and agrees that, after the Distribution Date, it will
not, except as permitted by Section 23, Section 24 or Section 26, take (or permit to be taken) any action if at the time that such
action is taken it is reasonably foreseeable that such action will diminish substantially or otherwise eliminate the benefits intended
to be afforded by the Rights.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(m)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Certain Adjustments to Common Shares</I>. Notwithstanding anything to the contrary in this Plan, in the event that the
Company, at any time after the Rights Dividend Declaration Date and prior to the Distribution Date, (i) declares or pays a dividend
on the Common Shares payable in Common Shares, (ii) subdivides or splits the outstanding Common Shares (other than by the payment
of dividends payable in Common Shares), (iii) combines or consolidates the outstanding Common Shares (by reverse stock split or
otherwise) into a lesser number of Common Shares or (iv) issues any shares of its capital stock in a reclassification of the Common
Shares (including any such reclassification in connection with a share exchange, consolidation or merger in which the Company is
the continuing or surviving corporation), then, in each such event, except as otherwise provided in this Section 11 or Section
7(e): (A) each Common Share (or shares of capital stock issued in such reclassification of the Common Shares) outstanding immediately
following such time will have associated with it the number of Rights as were associated with one Common Share immediately prior
to the occurrence of such event; (B) the Exercise Price in effect at the time of the record date for such dividend or of the effective
date of such subdivision, split, combination, consolidation or reclassification will be adjusted so that the Exercise Price thereafter
equals the result obtained by multiplying the Exercise Price in effect immediately prior to such time by a fraction, the numerator
of which shall be the total number of Common Shares outstanding immediately prior to such event and the denominator of which shall
be the total number of Common Shares outstanding immediately after such event; <I>provided</I>, <I>however</I>, that in no event
will the consideration to be paid upon the exercise of one Right be less than the aggregate par value of the shares of capital
stock of the Company issuable upon the exercise of such Right; and (C) the number of one one-hundredths of a Preferred Share (or
shares of such other capital stock) issuable upon the exercise of each Right outstanding after such event equals the number of
one one-hundredths of a Preferred Share (or shares of such other capital stock) as were issuable with respect to one Right immediately
prior to such event. Each Common Share that becomes outstanding after an adjustment has been made pursuant to this Section 11(n)
will have issued with it that number of Rights, exercisable at the Exercise Price and for the number of one one-hundredths of a
Preferred Share (or shares of such other capital stock), as one Common Share has associated with it immediately following the adjustment
made pursuant to this Section 11(n). If an event occurs that would require an adjustment pursuant to both this Section 11(n) and
Section 11(a)(ii), then the adjustment provided for in this Section 11(n) will be in addition to, and will be made prior to, any
adjustment required pursuant to Section 11(a)(ii). The adjustments provided for in this Section 11(n) will be made successively
whenever such a dividend is declared or paid or such a subdivision, split, combination, consolidation or reclassification is effected.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(n)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Adjustment of Rights Associated with Certain Distributions</I>. Other than in connection with a transaction contemplated
by Section 11(n), in the event that the Company, at any time after the Rights Dividend Declaration Date and prior to the Distribution
Date, issues or distributes any securities or assets in respect of Common Shares (other than (A) a distribution or dividend of
its capital stock and (B) pursuant to any non-extraordinary periodic cash dividend), then the Company will make such adjustments,
if any, in the Exercise Price or the number of Rights or securities or other property purchasable upon exercise of Rights as the
Board, in its sole discretion, may deem to be appropriate under the circumstances in order to adequately protect the interests
of the holders of the Rights generally, and the Company and the Rights Agent will amend this Plan as necessary to provide for such
adjustments.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 12. <I>Certificate
of Adjusted Exercise Price or Number of Shares</I>. Whenever an adjustment is made, or any event affecting the Rights or their
exercisability (including an event that causes the Rights to become null and void) occurs as provided in Section 11 or Section
13, the Company must promptly (a) prepare a certificate setting forth such adjustment or describing such event and providing a
brief statement of the facts and computations accounting for such adjustment or event; (b) provide the Rights Agent and each transfer
agent for the Common Shares or Preferred Shares a copy of such certificate; and (c) if a Distribution Date has occurred, mail a
brief summary of such adjustment or event to each holder of a Rights Certificate in accordance with Section 26. Notwithstanding
the foregoing, the failure of the Company to make or provide such certification or notice will not affect the validity of such
adjustment or the force or effect of the requirement for such adjustment. The Rights Agent will (i) be fully protected in relying
on any such certificate and on any adjustment or statement contained therein; (ii) have no duty or liability with respect thereto;
and (iii) not be deemed to have knowledge of any such adjustment or event unless and until it has received such certificate.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 13. <I>Consolidation,
Merger or Sale or Transfer of Assets, Cash Flow or Earning Power</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Certain Transactions</I>. In the event that, following a Shares Acquisition Date, directly or indirectly, (i) the Company
consolidates with, or merges with and into, any other Person (other than a wholly owned Subsidiary of the Company in a transaction
that complies with Section 11(m)) and the Company is not be the continuing or surviving corporation of such consolidation or merger,
(ii) any Person (other than a wholly owned Subsidiary of the Company in a transaction that complies with Section&nbsp;11(m)) consolidates
with, or merges with and into, the Company, and the Company is the continuing or surviving corporation of such consolidation or
merger and, in connection with such consolidation or merger, all or part of the Common Shares are changed into or exchanged for
stock or other securities of any other Person or the Company, or cash or any other property, or (iii) the Company sells, exchanges,
mortgages or otherwise transfers (or one or more of its Subsidiaries sells, exchanges, mortgages or otherwise transfers), in one
transaction or a series of related transactions, assets, cash flow or earning power aggregating to 50% or more of the assets, cash
flow or earning power of the Company and its Subsidiaries (taken as a whole) to any other Person or Persons (other than the Company
or one or more of its wholly owned Subsidiaries in one or more transactions, each of which individually (and together) complies
with Section 11(m)), then, concurrent with and in each such case, proper provision must be made so that (A) each holder of a Right
(except as provided in Section 7(e)) thereafter has the right to receive, upon the exercise thereof at a price per Right equal
to the Exercise Price multiplied by the number of one one-hundredths of a Preferred Share for which a Right was exercisable immediately
prior to the occurrence of such Section 13 Event in accordance with the terms of this Plan, and in lieu of Preferred Shares, such
number of duly and validly authorized and issued and fully paid and nonassessable and freely tradable Common Shares of the Principal
Party, free of any liens, encumbrances, rights of first refusal or other adverse claims, as shall be equal to the result obtained
by (1) multiplying the then current Exercise Price by the number of one one-hundredths of a Preferred Share for which a Right is
exercisable immediately prior to the first occurrence of a Section 13 Event (or, if a Section&nbsp;11(a)(ii) Event has occurred
prior to the first occurrence of a Section 13 Event, multiplying the number of such one one-hundredths of a Preferred Share for
which a Right was exercisable immediately prior to the first occurrence of a Section 11(a)(ii) Event by the Exercise Price in effect
immediately prior to such first occurrence of a Section 11(a)(ii) Event), and (2) dividing that product (which, following the first
occurrence of a Section 13 Event, will be referred to as the &ldquo;Exercise Price&rdquo; for each Right and for all purposes of
this Plan) by 50% of the Current Per Share Market Price of the Common Shares of such Principal Party on the date of consummation
of such Section 13 Event; <I>provided</I>, <I>however</I>, that the price per Right so payable and the number of Common Shares
of such Principal Party so receivable upon exercise of a Right will be subject to further adjustment as appropriate in accordance
with Section 11(e) to reflect any events covered thereby occurring in respect of the Common Shares of such Principal Party after
the occurrence of such Section 13 Event; (B) such Principal Party will thereafter be liable for, and must assume, by virtue of
such Section 13 Event, all the obligations and duties of the Company pursuant to this Plan; (C) the term &ldquo;Company&rdquo;
will thereafter be deemed to refer to such Principal Party, it being specifically intended that the provisions of Section 11 will
apply only to such Principal Party following the first occurrence of a Section 13 Event; (D) such Principal Party must take such
steps (including the reservation of a sufficient number of its Common Shares) in connection with the consummation of any such transaction
as may be necessary to ensure that the provisions hereof will thereafter be applicable, as nearly as reasonably may be, in relation
to its Common Shares thereafter deliverable upon the exercise of the Rights; (E) the provisions of Section 11(a)(ii) will be of
no effect following the first occurrence of any Section 13 Event; and (F) upon the subsequent occurrence of any consolidation,
merger, sale, exchange, mortgage, transfer or other extraordinary transaction in respect of such Principal Party, each holder of
a Right will thereupon be entitled to receive, upon exercise of a Right and payment of the Exercise Price as provided in this Section
13(a), such cash, shares, rights, warrants and other property that such holder would have been entitled to receive had such holder,
at the time of such transaction, owned the Common Shares of the Principal Party receivable upon the exercise of a Right pursuant
to this Section 13(a), and such Principal Party must take such steps (including reservation of a sufficient number of shares of
its capital stock) as may be necessary to permit the subsequent exercise of the Rights in accordance with the terms hereof for
such cash, shares, rights, warrants and other property. For purposes hereof, the &ldquo;earning power&rdquo; of the Company and
its Subsidiaries will be determined in good faith by the Board on the basis of the operating income of each business operated by
the Company and its Subsidiaries during the three fiscal years preceding the date of such determination (or, in the case of any
business not operated by the Company or any of its Subsidiaries during the three fiscal years preceding such date, during the period
that such business was operated by the Company or any of its Subsidiaries).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Principal Party</I>. For purposes of this Plan, the term &ldquo;Principal Party&rdquo; means (i) in the case of any transaction
described in clause (i) or (ii) of Section 13(a) (A) the Person that is the issuer of the securities into which the Common Shares
are converted in the consolidation or merger, or, if there is more than one such issuer, the issuer whose Common Shares have the
greatest aggregate market value of shares outstanding, or (B) if no securities are so issued, (1) the Person that is the other
party to the consolidation or merger, if such Person survives the consolidation or merger, or, if there is more than one such Person,
the Person whose Common Shares have the greatest aggregate market value of shares outstanding, (2) if the Person that is the other
party to the merger does not survive such consolidation or merger, the Person that does survive such consolidation or merger (including
the Company if it survives) or (3) the Person resulting from the consolidation or merger; and (ii) in the case of any transaction
described in clause (iii) of Section&nbsp;13(a), the Person that is the party receiving the greatest portion of the assets, cash
flow or earning power transferred pursuant to such transaction or transactions, or, if more than one Person that is a party to
such transaction or transactions receives the same portion of the assets or earning power so transferred and each such portion
would, were it not for the other equal portions, constitute the greatest portion of the assets or earning power so transferred,
or if the Person receiving the greatest portion of the assets or earning power cannot be determined, whichever of such Persons
is the issuer of Common Shares having the greatest aggregate market value of shares outstanding; <I>provided</I>, <I>however</I>,
that in the case of each of clause (i) and (ii) of this Section 13(b), if the Common Shares of such Person are not at such time,
or have not been continuously over the preceding 12-month period, registered pursuant to Section 12 of the Exchange Act, then if
such Person is (x) a direct or indirect Subsidiary of another Person whose Common Shares are and have been so registered, the term
&ldquo;Principal Party&rdquo; will refer to such other Person, (y) a direct or indirect Subsidiary of more than one Person whose
Common Shares are and have been so registered, the term &ldquo;Principal Party&rdquo; will refer to whichever of such Persons is
the issuer of Common Shares having the greatest aggregate market value of shares outstanding, or (z) if such Person is owned, directly
or indirectly, by a joint venture formed by two or more Persons that are not owned, directly or indirectly, by the same Person,
the rules set forth in clauses (x) and (y) above will apply to each of the owners having an interest in the venture as if the Person
owned by the joint venture was a Subsidiary of both or all of such joint venturers, and the Principal Party in each such case must
bear the obligations set forth in this Section 13 in the same ratio as its interest in such Person bears to the total of such interests.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Certain Arrangements</I>. The Company will not consummate or permit to occur any Section&nbsp;13 Event unless (A) the
Principal Party has a sufficient number of authorized, unissued and unreserved Common Shares to permit the exercise in full of
the Rights in accordance with this Section 13 and (B) prior thereto the Company and the Principal Party have executed and delivered
to the Rights Agent a supplemental agreement confirming that (1) the requirements of this Section 13 will be promptly performed
in accordance with their terms, (2) the Principal Party will, upon consummation of such Section&nbsp;13 Event, assume this Plan
in accordance with Section 13(a) and Section 13(b), (3) such Section&nbsp;13 Event will not result in a default by the Principal
Party pursuant to this Plan (as it has been assumed by the Principal Party) and (4) the Principal Party, as soon as practicable
after the date of such Section 13 Event and at its own expense, will:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>prepare and file a registration statement pursuant to the Securities Act with respect to the Rights and the securities purchasable
upon exercise of the Rights on an appropriate form, and use its best efforts to cause such registration statement to (x) become
effective as soon as practicable after such filing and (y) remain effective (with a prospectus at all times meeting the requirements
of the Securities Act) until the Expiration Date, and similarly comply with applicable state securities laws;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>use its best efforts to list (or continue the listing of) the Rights and the securities purchasable upon exercise of the
Rights on a national securities exchange or to meet the eligibility requirements for quotation on a national securities exchange
and to list (and continue the listing of) the Rights and the securities purchasable upon exercise of the Rights on a national securities
exchange;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>deliver to holders of the Rights historical financial statements for the Principal Party and its Affiliates that comply
in all respects with the requirements for registration on Form 10 (or any successor form) promulgated under the Exchange Act; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>take all other action as may be necessary to allow the Principal Party to issue the securities purchasable upon exercise
of the Rights.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything to the contrary in this Plan, if the Principal Party has a provision in any of its authorized securities
or in its organizational documents that would have the effect of (i) causing the Principal Party to issue (other than to holders
of Rights pursuant to Section 13), in connection with, or as a consequence of, the consummation of a Section 13 Event, Common Shares
or common stock equivalents of the Principal Party at less than the then Current Per Share Market Price thereof or securities exercisable
for, or convertible into, Common Shares or common stock equivalents of the Principal Party at less than such Current Per Share
Market Price, or (ii) providing for any special payment, tax, charge or similar provision in connection with the issuance of the
Common Shares of the Principal Party pursuant to the provisions of this Section 13, then the Company hereby agrees with each holder
of Rights that it will not consummate any such Section 13 Event unless prior thereto the Company and such Principal Party have
executed and delivered to the Rights Agent a supplemental agreement providing that such provision has been cancelled, waived, amended
or rescinded, or that such authorized securities will be redeemed, so that such provision will have no effect in connection with,
or as a consequence of, the consummation of such Section&nbsp;13 Event.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notwithstanding anything to the contrary in this Plan, the Company hereby agrees with each holder of Rights that it will
not consummate or permit to occur any Section 13 Event if (A) at the time or immediately after such Section 13 Event there are
any rights, warrants, instruments or securities outstanding, or any agreements or arrangements, that, as a result of the consummation
of such Section 13 Event, would eliminate or diminish in any material respect the benefits intended to be afforded by the Rights;
(B) all rights of first refusal or preemptive rights in respect of the issuance of Common Shares or common stock equivalents of
the Principal Party upon exercise of outstanding Rights have not been irrevocably waived or rendered inapplicable; (C) prior to,
simultaneously with or immediately after such Section 13 Event, the shareholders of the Person who constitutes, or would constitute,
the Principal Party have received a distribution of Rights previously owned by such Person or any of its Affiliates or Associates;
or (D) the form or nature of organization of the Principal Party would preclude or limit the exercisability of the Rights.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Continued Applicability</I>. The provisions of this Section 13 will similarly apply to successive mergers, consolidations,
sales, exchanges, mortgages, transfers or other extraordinary transactions. In the event that a Section 13 Event occurs at any
time after the occurrence of a Section&nbsp;11(a)(ii) Event, then the Rights that have not theretofore been exercised will thereafter
become exercisable in the manner described in Section 13(a) (without taking into account any prior adjustment required by Section
11(a)(ii)).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 14. <I>Fractional
Rights and Fractional Shares</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Cash in Lieu of Fractional Rights</I>. The Company will not be required to issue fractions of Rights (except prior to
the Distribution Date as provided in Section 11(n)) or to distribute Rights Certificates that evidence fractional Rights. In lieu
of such fractional Rights, the Company will pay to the registered holders of the Rights Certificates with regard to which such
fractional Rights would otherwise be issuable an amount in cash equal to the same fraction of the Current Per Share Market Price
of a whole Right, calculated as of the Trading Day immediately prior to the date on which such fractional Rights would have been
otherwise issuable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Cash in Lieu of Fractional Preferred Shares</I>. The Company will not be required to issue fractions of Preferred Shares
(other than fractions that are integral multiples of one one-hundredth of a Preferred Share) upon exercise or exchange of the Rights
or to distribute certificates that evidence fractional Preferred Shares (other than fractions that are integral multiples of one
one-hundredth of a Preferred Share). Interests in fractions of Preferred Shares in integral multiples of one one-hundredth of a
Preferred Share may, at the election of the Company, be evidenced by depositary receipts pursuant to an appropriate agreement between
the Company and a depositary selected by the Company; provided, however, that such agreement must provide that the holders of such
depositary receipts have all of the rights, privileges and preferences to which they are entitled as Beneficial Owners of the Preferred
Shares represented by such depositary receipts. In lieu of fractional Preferred Shares that are not integral multiples of one one-hundredth
of a Preferred Share, the Company may pay to the registered holders of Rights Certificates at the time that such Rights are exercised
or exchanged as provided herein an amount in cash equal to the same fraction of the current market value of one one-hundredth of
a Preferred Share. For purposes of this Section 14(b), the current market value of one one-hundredth of a Preferred Share will
be one one-hundredth of the Current Per Share Market Price of a Preferred Share, calculated as of the Trading Day immediately prior
to the date of such exercise or exchange.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Cash in Lieu of Fractional Common Shares</I>. The Company is not required to issue fractions of Common Shares or to distribute
certificates that evidence fractional Common Shares upon the exercise or exchange of Rights. In lieu of such fractional Common
Shares, the Company may pay to the registered holders of Rights Certificates at the time such Rights are exercised or exchanged
as provided herein an amount in cash equal to the same fraction of the current market value of a Common Share. For purposes of
this Section 14(c), the current market value of a Common Share will be the Current Per Share Market Price of a Common Share, calculated
as of the Trading Day immediately prior to the date of such exercise or exchange.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Waiver of Fractional Rights</I>. Except as permitted by this Section 14, the holder of a Right, by the acceptance of
such Right, expressly waives such holder&rsquo;s right to receive any fractional Rights or any fractional shares of any security
upon the exercise or exchange of a Right.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Procedure for Payment</I>. Whenever a payment for fractional Rights, Preferred Shares or Common Shares is to be made
by the Rights Agent pursuant to this Plan, the Company will (i) promptly prepare and deliver to the Rights Agent a certificate
setting forth in reasonable detail the facts related to such payment and the prices or formulas utilized in calculating such payments;
and (ii) provide sufficient monies to the Rights Agent to make such payments. The Rights Agent will be fully protected in relying
upon such certificate and will have no duty with respect thereto, and will not be deemed to have knowledge of any payment for fractional
Rights, Preferred Shares or Common Shares pursuant to this Plan unless and until the Rights Agent has received such certificate
and sufficient monies.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 15. <I>Rights
of Action</I>. All rights of action in respect of this Plan, except those rights of action given to the Rights Agent pursuant to
Section 18, are vested in the respective registered holders of the Rights Certificates (and, prior to the Distribution Date, the
registered holders of Common Shares). Any registered holder of any Rights Certificate (or, prior to the Distribution Date, any
registered holder of Common Shares), without the consent of the Rights Agent or of the holder of any other Rights Certificate (or,
prior to the Distribution Date, any other holder of Common Shares), may, on such holder&rsquo;s own behalf and for such holder&rsquo;s
own benefit and the benefit of other holders of Rights, enforce, and may institute and maintain any suit, action or proceeding
against the Company to enforce, this Plan or otherwise act in respect of such holder&rsquo;s right to exercise such holder&rsquo;s
Rights evidenced by such Rights Certificate in the manner provided in such Rights Certificate and in this Plan. Without limiting
the foregoing or any remedies available to the holders of Rights, it is specifically acknowledged that the holders of Rights would
not have an adequate remedy at law for any breach of this Plan and will be entitled to specific performance of the obligations
of any Person (including the Company) subject to this Plan, and injunctive relief against actual or threatened breaches or violations
of this Plan by any Person (including the Company), in each case without having to post a bond.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 16. <I>Agreement
of Rights Holders</I>. Every holder of a Right, by accepting the same, consents and agrees with the Company and the Rights Agent
and with every other holder of a Right that:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>prior to the Distribution Date, the Rights will not be evidenced by a Rights Certificate and will be transferable only in
connection with the transfer of the Common Shares;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>after the Distribution Date, the Rights Certificates are transferable only on the transfer books of the Rights Agent if
surrendered at the office of the Rights Agent designated for such purpose, duly endorsed or accompanied by a proper instrument
of transfer and with the appropriate forms and certificates fully completed;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>subject to Section 6(a) and Section 7(f), the Company and the Rights Agent may deem and treat the Person in whose name the
Rights Certificate (or, prior to the Distribution Date, the associated certificate for Common Shares or Book Entry Shares, as applicable)
is registered as the absolute owner thereof and of the Rights evidenced thereby (notwithstanding any notations of ownership or
writing on the Rights Certificates or the associated certificate for Common Shares or Book Entry Shares, as applicable, made by
anyone other than the Company or the Rights Agent) for all purposes whatsoever, and neither the Company nor the Rights Agent (subject
to Section 7(e)) will be affected by any notice to the contrary;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>notwithstanding anything to the contrary in this Plan, neither the Company nor the Rights Agent will have any liability
to any holder of a Right (or a beneficial interest in a Right) or other Person as a result of the inability of the Company or the
Rights Agent to perform any of their respective obligations pursuant to this Plan by reason of any preliminary or permanent injunction
or other order, judgment, decree or ruling (whether interlocutory or final) issued by a court of competent jurisdiction or by a
governmental, regulatory, self-regulatory or administrative agency or commission, or any statute, rule, regulation or executive
order promulgated or enacted by any governmental authority, prohibiting or otherwise restraining performance of such obligation;
provided, however, that the Company will use all reasonable efforts to have any such injunction, order, judgment, decree or ruling
lifted or otherwise overturned as promptly as practicable;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Rights that are Beneficially Owned by certain Persons will, under the circumstances set forth in Section 7(e), become null
and void; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>this Plan may be supplemented or amended from time to time in accordance with Section&nbsp;26.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 17. <I>Holder
of Rights Certificate Not Deemed to be a Shareholder</I>. No holder, as such, of any Rights Certificate will be entitled to vote
or receive dividends or be deemed for any purpose to be the holder of the number of one one-hundredths of a Preferred Share or
any other securities of the Company that may at any time be issuable on the exercise or exchange of the Rights represented thereby,
nor will anything contained herein or in any Rights Certificate be construed to confer upon the holder of any Rights Certificate,
as such, any of the rights of a shareholder of the Company or any right to vote for the election of directors or upon any matter
submitted to shareholders at any meeting thereof, or to give or withhold consent to any corporate action, or to receive notice
of meetings or other actions affecting shareholders (except as specifically provided in Section 26), or to receive dividends or
subscription rights, or otherwise, until the Rights evidenced by such Rights Certificate have been exercised or exchanged in accordance
with the provisions hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 18. <I>Concerning
the Rights Agent</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Compensation; Reimbursement; Indemnification</I>. The Company agrees to pay to the Rights Agent reasonable compensation
for all services rendered by it hereunder and, from time to time, on demand of the Rights Agent, the reasonable and documented
out-of-pocket expenses and counsel fees and other disbursements incurred by the Rights Agent in connection with the preparation,
negotiation, delivery, execution, amendment and administration of this Plan and the exercise and performance of its duties hereunder.
The Company also agrees to indemnify the Rights Agent for, and to hold it harmless against, any loss, liability, damage, judgment,
fine, penalty, claim, demand, settlement, cost or expense (including the reasonable and documented fees of its outside counsel)
incurred without gross negligence, bad faith or willful misconduct on the part of the Rights Agent (which gross negligence, bad
faith or willful misconduct must be determined by a final, non-appealable judgment of a court of competent jurisdiction) for any
action taken, suffered or omitted to be taken by the Rights Agent in connection with the acceptance, administration, exercise and
performance of its duties pursuant to this Plan, including the costs and expenses of defending against any claim of liability and
appealing any claim of liability arising therefrom, directly or indirectly. The provisions of this Section 18 and Section 20 will
survive the termination or expiration of this Plan, the exercise, exchange or expiration of the Rights and the resignation, replacement
or removal of the Rights Agent.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Reliance by the Rights Agent</I>. The Rights Agent is authorized to rely conclusively on, and will be protected and incur
no liability for, or in respect of any action taken, suffered or omitted to be taken by it in connection with its acceptance and
administration of this Plan, and the exercise and performance of its duties pursuant to this Plan, in reliance upon any (i) Rights
Certificate, (ii) certificate (or registration on the transfer books of the Company, including, in the case of uncertificated shares,
by notation in book entry accounts reflecting ownership) for Preferred Shares, Common Shares or other securities of the Company
issuable upon exercise of Rights or (iii) instrument of assignment or transfer, power of attorney, endorsement, affidavit, letter,
notice, direction, consent, certificate, statement or other paper or document reasonably believed by it to be genuine and to be
duly executed and, where necessary, verified or acknowledged, by the proper Person, or otherwise upon the advice of counsel as
set forth in Section 20. The Rights Agent will not be required to take notice, or be deemed to have any knowledge, of any fact,
event or determination of which it was supposed to receive notice hereunder (including any dates or events defined in this Plan
or the designation of any Person as an Acquiring Person or an Affiliate or Associate of an Acquiring Person), and the Rights Agent
will be fully protected and will incur no liability for failing to take action in connection therewith, unless and until it has
received such notice in writing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 19. <I>Merger,
Consolidation or Change of Name of Rights Agent</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Merger or Consolidation of Rights Agent</I>. Any Person into which the Rights Agent or any successor Rights Agent may
be merged or with which it may effect a share exchange or be consolidated, or any Person resulting from any merger, share exchange
or consolidation to which the Rights Agent or any successor Rights Agent is a party, or any Person succeeding to the corporate
trust, stock transfer or shareholder services business of the Rights Agent or any successor Rights Agent, will be the successor
to the Rights Agent pursuant to this Plan without the execution or filing of any paper or any further act on the part of any of
the parties hereto so long as such Person is eligible for appointment as a successor Rights Agent pursuant to the provisions of
Section 21. The purchase of all or substantially all of the Rights Agent&rsquo;s assets employed in the performance of this Plan,
or transfer or rights agent services generally, will be deemed to be a merger, share exchange or consolidation for purposes of
this Section 19. If at the time that such successor Rights Agent succeeds to the agency created by this Plan any of the Rights
Certificates have been countersigned but not delivered, then any such successor Rights Agent may adopt the countersignature of
any predecessor Rights Agent and deliver such Rights Certificates so countersigned, and if at that time any of the Rights Certificates
have not been countersigned, then any successor Rights Agent may countersign such Rights Certificates either in the name of the
predecessor Rights Agent or in the name of the successor Rights Agent. In all such cases, such Rights Certificates will have the
full force and effect provided in the Rights Certificates and in this Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Change of Name of Rights Agent</I>. If at any time the name of the Rights Agent is changed and at such time any of the
Rights Certificates have been countersigned but not delivered, then the Rights Agent may adopt the countersignature under its prior
name and deliver such Rights Certificates so countersigned, and if at any time any of the Rights Certificates have not have been
countersigned, then the Rights Agent may countersign such Rights Certificates either in its prior name or in its changed name.
In all such cases, such Rights Certificates will have the full force and effect provided in the Rights Certificates and in this
Plan.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 20. <I>Duties
of Rights Agent</I>. The Rights Agent undertakes to perform the duties and obligations imposed by this Plan (and no implied duties
or obligations) upon the following terms and conditions, all of which the Company and the holders of Rights Certificates, by their
acceptance thereof, will be bound:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Before the Rights Agent acts or refrains from acting, the Rights Agent may consult with legal counsel that it selects (who
may be legal counsel for the Company or an employee of the Rights Agent), and the advice or opinion of such counsel will be full
and complete authorization and protection to the Rights Agent, and the Rights Agent will incur no liability for or in respect of,
any action taken, suffered or omitted to be taken by it in accordance with such advice or opinion.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Whenever in the performance of its duties pursuant to this Plan the Rights Agent deems it necessary or desirable that any
fact or matter (including the identity of any Acquiring Person and the determination of the Current Per Share Market Price of any
security) be proved or established by the Company prior to taking, suffering or omitting to take any action hereunder, such fact
or matter (unless other evidence in respect thereof is specifically prescribed herein) may be deemed to be conclusively proved
and established by a certificate signed by any one of the Chairman of the Board, Chief Executive Officer, President or Chief Financial
Officer, and delivered to the Rights Agent, and such certificate will be full and complete authorization and protection to the
Rights Agent, and the Rights Agent will incur no liability for or in respect of any action taken, suffered or omitted to be taken
by it pursuant to the provisions of this Plan in reliance upon such certificate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Rights Agent will be liable hereunder to the Company and any other Person only for its and its directors&rsquo;, officers&rsquo;,
employees&rsquo;, Affiliates&rsquo;, agents&rsquo;, advisors&rsquo; and representatives&rsquo; own gross negligence, bad faith
or willful misconduct (which gross negligence, bad faith or willful misconduct must be determined by a final, non-appealable judgment
of a court of competent jurisdiction). Any liability of the Rights Agent under this Agreement will be limited to the amount of
annual fees paid by the Company to the Rights Agent. In no event will the Rights Agent be liable for special, indirect or consequential
loss or damage of any kind whatsoever (including lost profits), even if the Rights Agent has been advised of the possibility of
such loss or damage.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Rights Agent will not be liable hereunder for or by reason of any of the statements of fact or recitals contained in
this Plan, the Rights Certificates or any certificate (or registration on the transfer books of the Company, including, in the
case of uncertificated shares, by notation in book entry accounts reflecting ownership) for Preferred Shares, Common Shares or
other securities of the Company issuable upon exercise of Rights, or be required to verify the same (except, in each case, its
countersignature thereof, if applicable), and all such statements and recitals are and will be deemed to have been made by the
Company only.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Rights Agent will not (i) have any liability for or be under any responsibility in respect of the validity of this Plan
or the execution and delivery hereof (except the due authorization, execution and delivery hereof by the Rights Agent) or in respect
of the validity or execution of any Rights Certificate (except its countersignature thereof) or any certificate (or registration
on the transfer books of the Company, including, in the case of uncertificated shares, by notation in book entry accounts reflecting
ownership) for Preferred Shares, Common Shares or other securities of the Company issuable upon exercise of Rights (except, in
each case, its countersignature thereof, if applicable); (ii) be responsible for any change in the exercisability or exchangeability
of Rights (including certain Rights becoming null and void pursuant to Section 7(e)), except with respect to the exercise of Rights
evidenced by Rights Certificates after notice of such change has been provided by the Company; (iii) be responsible for any breach
by the Company of any covenant or condition contained in this Plan or any Rights Certificate; (iv) be responsible for (A) any adjustment
or change required pursuant to Section 3, Section 11, Section 13, Section 23 or Section 24, (B) the manner, method or amount of
any such adjustment or change or (C) ascertaining the existence of facts that would require any such adjustment or change (except
with respect to the exercise of Rights evidenced by Rights Certificates after receipt by the Rights Agent of a certificate furnished
pursuant to Section 12 describing such adjustment or change); (v) be responsible for any determination by the Board of the Current
Per Share Market Price of any security pursuant to this Plan; or (vi) by any act hereunder be deemed to make any representation
or warranty as to the authorization or reservation of any securities to be issued pursuant to this Plan or any Rights Certificate
or as to whether any such securities will, when issued, be duly and validly authorized and issued and fully paid and nonassessable.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company agrees that it will perform, execute, acknowledge and deliver, or cause to be performed, executed, acknowledged
and delivered, all such further and other acts, instruments and assurances as may reasonably be required by the Rights Agent for
the carrying out or performing by the Rights Agent of its duties pursuant to this Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Rights Agent is hereby authorized and directed to accept instructions with respect to the performance of its duties
hereunder from any of the Chairman of the Board, Chief Executive Officer, President or Chief Financial Officer, and it is authorized
to apply to any such director or officer for advice or instructions in connection with its duties pursuant to this Plan. Such advice
and instructions will be full and complete authorization and protection to the Rights Agent, and the Rights Agent will not be liable
for or in respect of any action taken, suffered or omitted to be taken by it in accordance with the written advice or instructions
of any such director or officer or for any delay in acting while waiting for those instructions. The Rights Agent will be fully
and completely authorized and protected in relying on the latest-dated instructions received from any such director or officer.
Any application by the Rights Agent for written instructions from the Company may, at the option of the Rights Agent, set forth
in writing any action proposed to be taken, suffered or omitted to be taken by the Rights Agent pursuant to this Plan and the date
on or after which such action will be taken, suffered or omitted to be taken. The Rights Agent will not be liable for any action
taken or suffered by, or omission of, the Rights Agent in accordance with a proposal included in any such application on or after
the date specified in such application (which date must not be less than 10 Business Days after, but not including, the date on
which any such director or officer of the Company actually receives such application, unless any such director or officer has consented
in writing to an earlier date) unless, prior to taking any such action (or the effective date in the case of an omission), the
Rights Agent has received, in response to such application, written instructions with respect to the proposed action or omission
specifying a different action to be taken, suffered or omitted to be taken.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Rights Agent and any member, shareholder, director, officer, employee or Affiliate of the Rights Agent (in each case,
other than an Acquiring Person) may buy, sell or deal in any of the Rights or other securities of the Company or become pecuniarily
interested in any transaction in which the Company may be interested, or contract with or lend money to the Company or otherwise
act as fully and freely as though it were not the Rights Agent pursuant to this Plan. Nothing herein will preclude the Rights Agent
or any such member, shareholder, director, officer, employee or Affiliate from acting in any other capacity for the Company or
for any other Person.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Rights Agent may execute and exercise any of the rights or powers hereby vested in it or perform any duty hereunder
either itself (including through its directors, officers and employees) or by or through its attorneys or agents, and the Rights
Agent will not be answerable or accountable for any act, omission, default, neglect or misconduct of any such attorneys or agents
or for any loss to the Company, to the holders of Rights or to any other Person resulting from any such act, omission, default,
neglect or misconduct in the absence of gross negligence, bad faith or willful misconduct in the selection and continued employment
thereof (which gross negligence, bad faith or willful misconduct must be determined by a final, non-appealable judgment of a court
of competent jurisdiction).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No provision of this Plan requires the Rights Agent to expend or risk its own funds or otherwise incur any financial liability
in the performance of any of its duties hereunder (other than costs and expenses incurred by the Rights Agent in providing services
to the Company in the ordinary course of its business as the Rights Agent) or in the exercise of its rights if it reasonably believes,
after consultation with counsel, that repayment of such funds or adequate indemnification against such risk or liability is not
reasonably assured to it.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If, with respect to any Rights Certificate surrendered to the Rights Agent for exercise or transfer, the certificate contained
in the form of election to purchase or form of assignment, as the case may be, has either (i) not been properly completed or (ii)
indicates an affirmative response to clause (1) or clause (2) thereof, then the Rights Agent will not take any further action with
respect to such requested exercise or transfer without first consulting with the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>From time to time after the Distribution Date, upon the written request of the Company, the Rights Agent will promptly deliver
to the Company a list, as of the most recent practicable date (or as of such earlier date as may be specified by the Company),
of the record holders of Rights and Rights Certificates.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 21. <I>Change
of Rights Agent</I>. The Rights Agent or any successor Rights Agent may resign and be discharged from its duties pursuant to this
Plan upon 30 days&rsquo; written notice to the Company (or such lesser notice as is acceptable to the Company), delivered to the
Company in accordance with Section&nbsp;26, and to each transfer agent of the Preferred Shares and the Common Shares by registered
or certified mail (in the event that the Rights Agent or one of its Affiliates is not also such transfer agent). In the event that
any transfer agency relationship in effect between the Company and the Rights Agent or any of its Affiliates terminates, the Rights
Agent will be deemed to have automatically resigned, and be discharged from its duties pursuant to this Plan, on the effective
date of such termination, and the Company will be responsible for sending any required notices. The Company may remove the Rights
Agent or any successor Rights Agent, with or without cause, upon 30 days&rsquo; notice in writing to the Rights Agent or any successor
Rights Agent, as the case may be, and to each transfer agent of the Preferred Shares and the Common Shares (in the event that the
Rights Agent or one of its Affiliates is not also such transfer agent), delivered to the Rights Agent in accordance with Section
26. If the Rights Agent resigns or is removed or otherwise becomes incapable of acting, then the resigning, removed or incapacitated
Rights Agent must, upon the Company&rsquo;s request, remit to the Company, or to any successor Rights Agent, all books, records,
funds, certificates or other documents or instruments of any kind then in its possession that were acquired by such resigning,
removed or incapacitated Rights Agent in connection with its services as the Rights Agent in accordance with its records retention
policy. Following such removal, resignation or incapacity, the Company will appoint a successor to the Rights Agent. If the Company
fails to make such appointment within a period of 30 days after giving written notice of such removal or after it has been notified
in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the registered holder of a Rights
Certificate (who must, together with such notice, submit such registered holder&rsquo;s Rights Certificate for inspection by the
Company), then such registered holder may apply, at the Company&rsquo;s expense, to a court of competent jurisdiction for the appointment
of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such court, must be either (a) a Person
organized, in good standing and doing business pursuant to the laws of the United States or any state of the United States that
is authorized pursuant to such laws to exercise corporate trust, stock transfer or shareholder services, is subject to supervision
or examination by federal or state authorities and has at the time of its appointment as Rights Agent a combined capital and surplus
of at least $50,000,000 or (b) an Affiliate or direct or indirect wholly owned Subsidiary of such Person. After appointment, the
successor Rights Agent will be vested with the same powers, rights, duties and responsibilities as if it had been originally named
as Rights Agent without further act or deed, and the predecessor Rights Agent must deliver and transfer to the successor Rights
Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary
for such purpose. Not later than the effective date of any such appointment, the Company will file notice thereof in writing with
the predecessor Rights Agent and each transfer agent of the Preferred Shares and the Common Shares (in the event that the Rights
Agent or one of its Affiliates is not also such transfer agent), and deliver such notice to the holders of Rights Certificates
in accordance with Section 26. Notwithstanding anything to the contrary in this Plan, failure to give any notice provided for in
this Section 21, or any defect therein, will not affect the legality or validity of the resignation or removal of the Rights Agent
or the appointment of the successor Rights Agent, as the case may be. Upon appointment, any successor Rights Agent will, unless
the context requires otherwise, be deemed to be the Rights Agent for all purposes of this Plan.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 22. <I>Issuance
of New Rights Certificates</I>. Notwithstanding anything to the contrary in this Plan or the Rights, the Company may, at its option,
issue new Rights Certificates evidencing Rights in such form as may be approved by the Board to reflect any adjustment or change
in the Exercise Price and the number or kind or class of shares or other securities or property purchasable pursuant to the Rights
Certificates made in accordance with the provisions of this Plan. In addition, in connection with the issuance or sale of Common
Shares following the Distribution Date and prior to the Expiration Date, the Company will, with respect to Common Shares so issued
or sold (whether pursuant to the exercise of stock options or pursuant to any employee benefit plan or arrangement or upon the
exercise, conversion or exchange of other securities of the Company outstanding as of the Rights Dividend Declaration Date or upon
the exercise, conversion or exchange of securities issued by the Company after the Rights Dividend Declaration Date (except, in
each case, as may otherwise be provided in the instruments governing such securities)), and may, in any other case, if deemed necessary
or appropriate by the Board, issue Rights Certificates representing the appropriate number of Rights in connection with such issuance
or sale; <I>provided</I>, <I>however</I>, that (a) no such Rights Certificate will be issued if, and to the extent that, the Company
is advised by counsel that such issuance would create a significant risk of or result in material adverse tax consequences to the
Company or the Person to whom such Rights Certificate would be issued or would create a significant risk of or result in such options
or employee plans or arrangements failing to qualify for otherwise available special tax treatment; (b) no such Rights Certificate
will be issued if, and to the extent that, appropriate adjustment will otherwise have been made in lieu of the issuance thereof;
and (c) the Company will have no obligation to distribute Rights Certificates to any Acquiring Person, Affiliate or Associate of
an Acquiring Person, Post-Event Transferee, Pre-Event Transferee, Subsequent Transferee or any nominee of any of the foregoing.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 23. <I>Redemption</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Right to Redeem</I>. The Board may, at its option, at any time prior to the earlier of (i) the Distribution Date or (ii)
the Close of Business on the Final Expiration Date, redeem all but not less than all of the then outstanding Rights at a redemption
price of $0.001 per Right, as such amount may be appropriately adjusted to reflect any stock split, stock dividend, recapitalization
or similar transaction occurring after the Rights Dividend Declaration Date (such redemption price, the &ldquo;Redemption Price&rdquo;).
Notwithstanding anything to the contrary in this Plan, the Rights will not be exercisable after the first occurrence of a Section&nbsp;11(a)(ii)
Event until such time as the Company&rsquo;s right of redemption pursuant to this Section 23 has expired. The Company may, at its
option, pay the Redemption Price in Common Shares (based on the Current Per Share Market Price of Common Shares at the time of
redemption), cash or any other form of consideration deemed appropriate by the Board, in its sole discretion, to be at least equivalent
to the Redemption Price. Such redemption of the Rights by the Board may be made effective at such time, on such basis and with
such conditions as the Board in its sole discretion may establish. The date on which the Board elects to make the redemption effective
is referred to as the &ldquo;Redemption Date.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>General Redemption Procedures</I>. Immediately upon the action of the Board ordering the redemption of the Rights (or
at such later time as the Board may establish for the effectiveness of such redemption), evidence of which will have been filed
with the Rights Agent, and without any further action and without any notice, the right to exercise the Rights will terminate and
the only right thereafter of the holders of Rights will be to receive the Redemption Price for each Right so held. The Company
will promptly give public notice of any such redemption (with prompt written notice thereof also provided to the Rights Agent).
Promptly after the action of the Board ordering the redemption of the Rights, the Company will give, or cause to be given, notice
of such redemption to the holders of Rights Certificates in accordance with Section 26; <I>provided</I>, <I>however</I>, that any
notice that is so provided will be deemed given, whether or not the holder receives the notice. Each such notice of redemption
must state the method by which the payment of the Redemption Price is to be made. The failure to given, or any defect in, any notice
required by this Section 23 will not affect the legality or validity of the action taken by the Board or of the redemption.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Discharge of Obligations</I>. Notwithstanding anything to the contrary in this Plan, in the event of a redemption pursuant
to Section 23(a), the Company may, at its option, discharge all of its obligations with respect to the Rights by (i) issuing a
press release or making a publicly-available filing with the Securities and Exchange Commission announcing the manner of redemption
of the Rights and (ii) mailing payment of the Redemption Price to the holders of Rights at the addresses of such holders as shown
on the transfer books of the Rights Agent or, prior to the Distribution Date, on the transfer books of the Company or the transfer
agent for the Common Shares, and upon such action, all outstanding Right Certificates will be void without any further action by
the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Prohibited Purchases</I>. Notwithstanding anything to the contrary in this Plan, neither the Company nor any of its Affiliates
or Associates may redeem, acquire or purchase for value any Rights at any time in any manner other than as specifically set forth
in this Section 23 or in Section 24, or other than in connection with the purchase or repurchase of Common Shares prior to the
Distribution Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 24. <I>Exchange</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Exchange of Common Shares for Rights</I>. The Board may, at its option, at any time after any Person becomes an Acquiring
Person, exchange all or part of the then outstanding and exercisable Rights (which will not include Rights that have become null
and void pursuant to the provisions of Section&nbsp;7(e)) for Common Shares at an exchange ratio of one Common Share per Right,
appropriately adjusted to reflect any stock split, stock dividend, recapitalization or similar transaction occurring after the
Rights Dividend Declaration Date (such exchange ratio, the &ldquo;Exchange Ratio,&rdquo; and such determination by the Board to
effect such exchange, an &ldquo;Exchange Determination&rdquo;). Notwithstanding the foregoing, the Board is not empowered to effect
an Exchange Determination at any time after any Person (other than any Exempt Person), together with all Affiliates and Associates
of such Person, becomes the Beneficial Owner of 50% or more of the Common Shares then outstanding. Notwithstanding the foregoing,
from and after the occurrence of a Section 13 Event, any Rights that theretofore have not been exchanged pursuant to this Section
24(a) will thereafter be exercisable only in accordance with Section 13 and may not be exchanged (or eligible for exchange) pursuant
to this Section 24(a).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Immediately following an Exchange Determination and without any further action or notice, the right to exercise such Rights
will terminate and the only right thereafter of a holder of such Rights is to receive that number of Common Shares equal to the
number of such Rights held by such holder multiplied by the Exchange Ratio. The Company will promptly give public notice of any
such exchange (with prompt written notice thereof also provided to the Rights Agent), and thereafter will promptly give, or cause
to be given, notice of such exchange to the holders of the then outstanding Rights (other than Rights that have become null and
void pursuant to the provisions of Section 7(e)) by mailing such notice, in accordance with Section 26; provided, however, that
any notice that is so provided will be deemed given, whether or not the holder receives the notice. Each such notice of exchange
must state the method by which the exchange of Common Shares for Rights is to be effected (including the actions that must be taken
by the holders of Rights to receive Common Shares in exchange for Rights) and, in the event of any partial exchange, the number
of Rights that are to be exchanged. Any partial exchange will be effected pro rata based on the number of Rights (other than Rights
that have become null and void pursuant to the provisions of Section 7(e)) held by each holder of Rights. Following an Exchange
Determination, the Company may implement such procedures as it deems appropriate, in its sole discretion, to minimize the possibility
that any Common Shares (or other consideration) issuable pursuant to this Section 24 are received by Persons whose Rights are null
and void pursuant to Section 7(e). Prior to effecting any exchange, the Company may require, or cause the trustee of the Trust
to require, as a condition thereof, that any registered holder of Rights provide such evidence (including the identity of the Beneficial
Owner (or former Beneficial Owner) thereof and the Affiliates or Associates of such Beneficial Owner or former Beneficial Owner)
as the Company may reasonably request in order to determine if such Rights are null and void pursuant to Section&nbsp;7(e). If
such registered holder does not comply with the foregoing requirements, then the Company will be entitled to conclusively deem
such Rights to be Beneficially Owned by an Acquiring Person (or an Affiliate or Associate of an Acquiring Person, a Post-Event
Transferee, a Pre-Event Transferee, a Subsequent Transferee or any nominee of any of the foregoing) and, accordingly, such Rights
will be null and void and not exchangeable in connection herewith. Any Common Shares (or other securities) issued at the direction
of the Board in connection with an Exchange Determination will be duly and validly authorized and issued and fully paid and nonassessable,
and the Company will be deemed to have received as consideration for such issuance a benefit having a value that is at least equal
to the aggregate par value of the Common Shares (or other securities) so issued. The failure to give, or any defect in, any notice
required by this Section 24 will not affect the legality or validity of the action taken by the Board or of such exchange.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The exchange of the Rights pursuant to Section 24(a) may be made effective at such time, on such basis and with such conditions
as the Board, in its sole discretion, may establish. Without limiting the foregoing, prior to effecting an exchange pursuant to
Section 24(a), the Board may direct the Company to enter into a trust agreement in such form and with such terms as the Board approves
(the &ldquo;Trust Agreement&rdquo;). If the Board so directs, then the Company must enter into the Trust Agreement and must issue
to the trust created by such agreement (the &ldquo;Trust&rdquo;) all of the Common Shares (or other consideration) issuable pursuant
to the exchange (or any portion thereof that has not theretofore been issued in connection with the exchange). From and after the
time at which such Common Shares (or other consideration) are issued to the Trust, all shareholders then entitled to receive Common
Shares (or other consideration) pursuant to the exchange will be entitled to receive such shares or consideration (and any dividends
or distributions made thereon after the date on which such shares or consideration are deposited into the Trust) only from the
Trust and solely upon compliance with the relevant terms and provisions of the Trust Agreement.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Insufficient Shares</I>. In the event that there are not sufficient Common Shares issued but not outstanding or authorized
but unissued to permit any exchange of Rights as contemplated in accordance with Section 24(a), then the Company will either take
such action as may be necessary to authorize additional Common Shares for issuance upon exchange of the Rights or alternatively,
at the option of the Board, with respect to each Right (i) pay cash in an amount equal to the Current Exchange Value in lieu of
issuing Common Shares in exchange therefor; (ii) issue debt or equity securities (or a combination thereof) having a value equal
to the Current Exchange Value in lieu of issuing Common Shares in exchange for each such Right, where the value of such securities
will be determined by the Board based upon the advice of a nationally recognized investment banking firm selected by the Board,
which determination will be described in a written statement filed with the Rights Agent and will be binding on the Rights Agent
and the holders of Rights; or (iii) deliver any combination of cash, property, Common Shares, Preferred Shares, Equivalent Shares
or other securities having a value equal to the Current Exchange Value in exchange for each Right. To the extent that the Company
determines that some action need be taken pursuant to this Section 24(c), then the Board may temporarily suspend the exercisability
of the Rights for a period of up to 120 days following the date on which the Exchange Determination has occurred in order to seek
any authorization of additional Common Shares or to decide the appropriate form of distribution to be made pursuant to the above
provision and to determine the value thereof. Upon any such suspension, the Company will issue a public announcement stating, and
notify the Rights Agent in writing, that the exercisability of the Rights has been temporarily suspended, as well as issue a public
announcement, and notify the Rights Agent in writing, at such time as the suspension is no longer in effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Cash in Lieu of Fractional Common Shares</I>. In connection with an Exchange Determination, the Company will not be required
to issue fractions of Common Shares or to distribute certificates that evidence fractional Common Shares. In lieu of such fractional
Common Shares, the Company may pay to the registered holders of Rights Certificates with regard to which such fractional Common
Shares would otherwise be issuable an amount in cash equal to the same fraction of the Current Per Share Market Price of a Common
Share, calculated as of the Trading Day immediately prior to the date of the Exchange Determination.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 25. <I>Process
to Seek Exemption Prior to Trigger Event</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Any Person who desires to effect any acquisition of Common Stock that would, if consummated, result in such Person beneficially
owning 4.90% or more of the then outstanding Common Shares (a &ldquo;Requesting Person&rdquo;) may, prior to the Shares Acquisition
Date and in accordance with this Section 25(a), request that the Board grant an exemption with respect to such acquisition under
this Plan so that such Person would be deemed to be an &ldquo;Exempt Person&rdquo; under subsection (iii) of Section 1(v) hereof
for purposes of this Plan (an &ldquo;Exemption Request&rdquo;). An Exemption Request shall be in proper form and shall be delivered
by overnight delivery service or first-class mail, postage prepaid, to the Secretary of the Company at the principal executive
office of the Company. The Exemption Request shall be deemed made upon receipt by the Secretary of the Company. To be in proper
form, an Exemption Request shall set forth (i) the name and address of the Requesting Person, (ii) the number and percentage of
Common Shares then Beneficially Owned by the Requesting Person, together with all Affiliates and Associates of the Requesting Person,
and (iii) a reasonably detailed description of the transaction or transactions by which the Requesting Person would propose to
acquire Beneficial Ownership of Common Shares aggregating 4.90% or more of the then outstanding Common Shares and the maximum number
and percentage of shares of Common Shares that the Requesting Person proposes to acquire. The Board shall make a determination
whether to grant an exemption in response to an Exemption Request as promptly as practicable (and, in any event, within ten (10)
Business Days) after receipt thereof; provided, that the failure of the Board to make a determination within such period shall
be deemed to constitute the denial by the Board of the Exemption Request. The Requesting Person shall respond promptly to reasonable
and appropriate requests for additional information from the Board and its advisors to assist the Board in making its determination.
For purposes of considering the Exemption Request, any calculation of the number of Common Shares outstanding at any particular
time, including for purposes of determining the particular percentage of such outstanding Common Shares of which any Person is
the Beneficial Owner, shall be made pursuant to and in accordance with Section 382. The Board shall only grant an exemption in
response to an Exemption Request if the Board determines in its sole discretion that the acquisition of Beneficial Ownership of
Common Shares by the Requesting Person (A) will not adversely impact in any material respect the time period in which the Company
could use the Tax Benefits or limit or impair the availability to the Company of the Tax Benefits or (B) is in the best interests
of the Company despite the fact that it may adversely impact in a material respect the time period in which the Company could use
the Tax Benefits or limit or impair the availability to the Company of the Tax Benefits. Any exemption granted hereunder may be
granted in whole or in part, and may be subject to limitations or conditions (including a requirement that the Requesting Person
agree that it will not acquire Beneficial Ownership of Common Shares in excess of the maximum number and percentage of shares approved
by the Board), in each case as and to the extent the Board shall determine necessary or desirable to provide for the protection
of the Tax Benefits. Any Exemption Request may be submitted on a confidential basis and, except to the extent required by applicable
law, the Company shall maintain the confidentiality of such Exemption Request and the Board&rsquo;s determination with respect
thereto, unless the information contained in the Exemption Request or the Board&rsquo;s determination with respect thereto otherwise
becomes publicly available. The Exemption Request shall be considered and evaluated by directors serving on the Board, or a duly
constituted committee thereof, who are independent of the Company and the Requesting Person and disinterested with respect to the
Exemption Request, and the action of a majority of such independent and disinterested directors shall be deemed to be the determination
of the Board for purposes of such Exemption Request.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Waiver Subsequent to Shares Acquisition Date</I>. The Board may, of its own accord or upon the request of a shareholder
(a &ldquo;Waiver Request&rdquo;), subsequent to a Shares Acquisition Date and prior to the Distribution Date, and in accordance
with this Section 25(b), grant an exemption with respect to any Acquiring Person under this Plan so that such Acquiring Person
would be deemed to be an &ldquo;Exempt Person&rdquo; under subsection (iii) of Section 1(v) hereof for purposes of this Plan. A
Waiver Request shall be in proper form and shall be delivered by overnight delivery service or first-class mail, postage prepaid,
to the Secretary of the Company at the principal executive office of the Company. The Waiver Request shall be deemed made upon
receipt by the Secretary of the Company. To be in proper form, a Waiver Request shall set forth (i) the name and address of the
Acquiring Person, (ii) the number and percentage of Common Shares then Beneficially Owned by the Acquiring Person, together with
all Affiliates and Associates of the Acquiring Person, and (iii) a reasonably detailed description of the transaction or transactions
by which the Acquiring Person acquired Beneficial Ownership of Common Shares aggregating 4.90% or more of the then outstanding
Common Stock and the maximum number and percentage of Common Shares that the Acquiring Person proposes to acquire. The Board shall
make a determination whether to grant an exemption in response to a Waiver Request as promptly as practicable (and, in any event,
within 10 Business Days) after receipt thereof; provided, that the failure of the Board to make a determination within such period
shall be deemed to constitute the denial by the Board of the Waiver Request. The Acquiring Person shall respond promptly to reasonable
and appropriate requests for additional information from the Board and its advisors to assist the Board in making its determination.
For purposes of considering the Waiver Request, any calculation of the number of Common Shares outstanding at any particular time,
including for purposes of determining the particular percentage of such outstanding Common Shares of which any Person is the Beneficial
Owner, shall be made pursuant to and in accordance with Section 382. The Board shall only grant an exemption for an Acquiring Person
if the Board determines in its sole discretion that the acquisition of Beneficial Ownership of Common Stock by such Acquiring Person
does not adversely impact in any material respect the time period in which the Company could use the Tax Benefits or limit or impair
the availability to the Company of the Tax Benefits. Any exemption granted hereunder may be granted in whole or in part, and may
be subject to limitations or conditions (including a requirement that such Acquiring Person agree that it will not acquire Beneficial
Ownership of Common Shares in excess of the maximum number and percentage of shares approved by the Board), in each case as and
to the extent the Board shall determine necessary or desirable to provide for the protection of the Tax Benefits. The facts and
circumstances with respect to the Triggering Event, including whether to grant an exemption, shall be considered and evaluated
by directors serving on the Board, or a duly constituted committee thereof, who are independent of the Company and such Acquiring
Person and disinterested with respect to the Triggering Event, and the action of a majority of such independent and disinterested
directors shall be deemed to be the determination of the Board for purposes of any exemption granted pursuant to this Section 25(b).</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 26. <I>Notice
of Certain Events</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Certain Distributions</I>. If the Company proposes, at any time after the Distribution Date, to (i) declare or pay any
dividend payable in stock of any class to the holders of Preferred Shares or to make any other distribution to the holders of Preferred
Shares (other than a regular quarterly or periodic cash dividend out of earnings or retained earnings of the Company), (ii) offer
to the holders of Preferred Shares rights or warrants to subscribe for or to purchase any additional Preferred Shares or shares
of stock of any class or any other securities, rights or options, (iii) effect any reclassification of the Preferred Shares (other
than a reclassification involving only the subdivision of outstanding Preferred Shares), (iv) effect any share exchange, consolidation
or merger into or with any other Person (other than a wholly owned Subsidiary of the Company in a transaction that complies with
Section 11(m)), (v) effect any sale or other transfer (or permit one or more of its Subsidiaries to effect any sale or other transfer),
in one transaction or a series of related transactions, of more than 50% of the assets, cash flow or earning power of the Company
and its Subsidiaries (taken as a whole) to any other Person, (vi) effect the liquidation, dissolution or winding up of the Company,
(vii) declare or pay any dividend on the Common Shares payable in Common Shares or (viii) effect a subdivision, combination or
consolidation of the Common Shares (by reclassification or otherwise than by payment of dividends in Common Shares), then, in each
such case, the Company will give written notice of such proposed action to the Rights Agent and the holders of Rights Certificates
in accordance with Section 28, which notice must specify the record date for the purposes of such stock dividend, distribution
of rights or warrants, or the date on which such subdivision, combination, reclassification, share exchange, consolidation, merger,
sale, transfer, liquidation, dissolution or winding up is to take place and the date of participation therein by the holders of
Preferred Shares or Common Shares, if any such date is to be fixed, and such notice must be so given in the case of any action
covered by clause (i) or (ii) above at least 10 Business Days prior to but not including the record date for determining holders
of Preferred Shares for purposes of such action, and in the case of any such other action, at least 10 Business Days prior to but
not including the date of the taking of such proposed action or the date of participation therein by the holders of Preferred Shares
or Common Shares, whichever is earlier.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Certain Events</I>. If any Triggering Event has occurred, then (i) the Company will as soon as practicable thereafter
give, or cause to be given, to each holder of Rights Certificates a notice in accordance with Section 28 of the occurrence of such
Triggering Event, which notice must specify the event and the consequences of the event to holders of Rights pursuant to Section
11(a)(ii) or Section 13, and (ii) all references in this Section 26 to Preferred Shares will thereafter be deemed to be references
to Common Shares or, if appropriate, other securities.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 27. <I>Notices</I>.
Notices or demands authorized by this Plan to be given or made by the Rights Agent or by the holder of any Rights Certificate to
or on the Company will be sufficiently given or made if in writing and sent by a recognized national overnight delivery service,
fax (when such fax is transmitted to the fax number set forth below and confirmation of transmission is received) or first-class
mail, postage prepaid, addressed (until another address is filed in writing with the Rights Agent by the Company) as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in">Capstone Therapeutics Corp.<BR>
1275 West Washington Street, Suite 104</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in">Tempe, Arizona 85281</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in">Attn: Chief Financial Officer<BR>
Fax:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in">with a copy (which will not constitute notice) to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in">Quarles &amp; Brady LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in">2 N. Central Ave.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in">Phoenix, AZ 85004<BR>
Attn: Steven P. Emerick<BR>
Fax: (602) 417-2980</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Subject to the provisions
of Section 21, any notice or demand authorized by this Plan to be given or made by the Company or by the holder of any Rights Certificate
to or on the Rights Agent will be sufficiently given or made if in writing and sent by a recognized national overnight delivery
service, or first-class mail, postage prepaid, addressed (until another address is filed in writing with the Company by the Rights
Agent) as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in">Computershare Inc.<BR>
250 Royall Street<BR>
Canton, MA 02021<BR>
Attn: Client Services<BR>
<BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Notices or demands
authorized by this Plan to be given or made by the Company or the Rights Agent to the holders of Rights or Rights Certificates
(or, if prior to the Distribution Date, to the holders of Common Shares) will be sufficiently given or made if in writing and sent
by a recognized national overnight delivery service or first-class mail, postage prepaid, addressed to such holder at the address
of such holder as shown on the transfer books of the Rights Agent or the Company or the transfer agent for the Common Shares. Any
notice that is sent or mailed in the manner herein provided will be deemed given whether or not the holder receives the notice.
Notwithstanding anything to the contrary in this Plan, prior to the Distribution Date, the issuance of a press release or the making
of a publicly-available filing by the Company with the Securities and Exchange Commission will constitute sufficient notice by
the Rights Agent or the Company to the holders of securities of the Company, including the Rights, for all purposes of this Plan
and no other notice need be given.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 28. <I>Supplements
and Amendments</I>. Prior to the occurrence of a Distribution Date, the Company may in its sole discretion supplement or amend
this Plan in any respect without the approval of any holders of Rights Certificates, Preferred Shares or Common Shares, and the
Rights Agent must, if the Company so directs, execute such supplement or amendment. From and after the occurrence of a Distribution
Date, the Company and the Rights Agent may from time to time supplement or amend this Plan without the approval of any holders
of Rights Certificates in order to (i) cure any ambiguity, (ii) correct or supplement any provision contained herein that may be
defective or inconsistent with any other provisions herein or otherwise defective, including any change in order to satisfy any
applicable law, rule or regulation, (iii) shorten or lengthen any time period hereunder or (iv) change or supplement the provisions
hereunder in any manner that the Company may deem necessary or desirable and that does not adversely affect the interests of the
holders of Rights (other than an Acquiring Person, an Affiliate or Associate of an Acquiring Person, a Post-Event Transferee, a
Pre-Event Transferee, a Subsequent Transferee or any nominee of any of the foregoing), including extending the Final Expiration
Date; provided, however, that this Plan may not be supplemented or amended to lengthen, pursuant to clause (iii) of this sentence,
a time period relating to when the Rights may be redeemed at a time when the Rights are not then redeemable; provided further,
however, that the right of the Board to extend the Distribution Date does not require any amendment or supplement hereunder. Upon
the delivery of a certificate from an appropriate officer of the Company that states that the proposed supplement or amendment
is in compliance with the terms of this Section 28, the Rights Agent must execute such supplement or amendment and agrees that
time is of the essence in connection with any supplement or amendment that it is directed to execute. Notwithstanding the foregoing,
the Rights Agent will not be required to execute any such supplement or amendment that adversely affects its rights, duties, or
obligations pursuant to this Plan. Prior to the Distribution Date, the interests of the holders of Rights and Rights Certificates
will be deemed to be coincident with the interests of the holders of Common Shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 29. <I>Successors</I>.
All the covenants and provisions of this Plan by or for the benefit of the Company or the Rights Agent will bind and inure to the
benefit of their respective successors and assigns hereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 30. <I>Determinations
and Actions by the Board</I>. The Board (or an authorized committee thereof) has the exclusive power and authority to administer
this Plan and to exercise all rights and powers specifically granted to the Board or the Company pursuant hereto, or as may be
necessary or advisable in the administration of this Plan, including the right and power to (a) interpret the provisions of this
Plan and (b) make all determinations deemed necessary or advisable for the administration of this Plan (including a determination
as to whether to redeem the Rights or to amend this Plan). All such actions, calculations, interpretations and determinations (including,
for purposes of clause (ii) below, all omissions with respect to the foregoing) that are done or made by the Board (or an authorized
committee thereof) in good faith will (i) be final, conclusive and binding on the Company, the Rights Agent, the holders of Rights
Certificates and all other Persons and (ii) not subject the Board (or an authorized committee thereof) or any of the directors
serving on the Board to any liability to any Person, including the Rights Agent and the holders of Rights Certificates. In administering
this Plan and exercising the rights and powers specifically granted to the Board and to the Company hereunder, and in interpreting
this Plan and making any determination hereunder, the Board (or an authorized committee thereof) may consider any and all facts,
circumstances or information that it deems to be necessary, useful or appropriate. The Rights Agent is always entitled to assume
that the Board acted in good faith and will be fully protected and incur no liability in reliance thereon.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 31. <I>Benefits
of this Plan</I>. Nothing in this Plan may be construed to give to any Person other than the Company, the Rights Agent and the
registered holders of Rights Certificates (and, prior to the Distribution Date, the registered holders of Common Shares) any legal
or equitable right, remedy or claim pursuant to this Plan. This Plan is for the sole and exclusive benefit of the Company, the
Rights Agent and the registered holders of Rights Certificates (and, prior to the Distribution Date, the registered holders of
Common Shares).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 32. <I>Severability</I>.
If any term, provision, covenant or restriction of this Plan is held by a court of competent jurisdiction or other authority to
be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Plan will remain
in full force and effect and will in no way be affected, impaired or invalidated; provided, however, that notwithstanding anything
to the contrary in this Plan, if any such term, provision, covenant or restriction is held by such court or authority to be invalid,
void or unenforceable and the Board determines in its good faith judgment that severing the invalid language from this Plan would
adversely affect the purpose or effect of this Plan, then the right of redemption set forth in Section 23 will be reinstated and
will not expire until the Close of Business on the 10th Business Day following the date of such determination by the Board; provided
further, however, that if such severed provision affects the rights, immunities, duties or obligations of the Rights Agent, then
the Rights Agent will be entitled to resign immediately upon written notice to the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 33. <I>Governing
Law; Exclusive Jurisdiction</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Governing Law</I>. This Plan and each Right and Rights Certificate issued hereunder will be deemed to be a contract made
pursuant to the laws of the State of Delaware and for all purposes will be governed by and construed in accordance with the laws
of the State of Delaware applicable to contracts made and to be performed entirely within such State; except that the rights, duties
and obligations of the Rights Agent shall be governed by and construed in accordance with the laws of the State of New York.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company and the registered holders of Rights Certificates (and, prior to the Distribution Date, the registered holders
of Common Shares) each hereby irrevocably submits to the exclusive jurisdiction of the Second District Court of the State of Arizona,
or, if such court lacks subject matter jurisdiction, the United States District Court for the District of Arizona, over any suit,
action or proceeding arising out of or relating to or concerning this Plan. The Company and the registered holders of Rights Certificates
(and, prior to the Distribution Date, the registered holders of Common Shares) each acknowledge that the forum designated by this
Section 34(b)(i) has a reasonable relation to this Plan and to such Persons&rsquo; relationship with one another.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company and the registered holders of Rights Certificates (and, prior to the Distribution Date, the registered holders
of Common Shares) each hereby waive, to the fullest extent permitted by applicable law, any objection that they now or hereafter
have to personal jurisdiction or to the laying of venue of any such suit, action or proceeding brought in any court referred to
in Section 34(b)(i) (or the appellate courts thereof). The Company and the registered holders of Rights Certificates (and, prior
to the Distribution Date, the registered holders of Common Shares) each undertake not to commence any action subject to this Plan
in any forum other than the forum described in Section 34(b)(i). The Company and the registered holders of Rights Certificates
(and, prior to the Distribution Date, the registered holders of Common Shares) each hereby agree that, to the fullest extent permitted
by applicable law, a final and non-appealable judgment in any such suit, action or proceeding brought in any such court will be
conclusive and binding upon such Persons.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 34. <I>Counterparts</I>.
This Plan and any supplements or amendments hereto may be executed in any number of counterparts and each of such counterparts
will for all purposes be deemed to be an original, and all such counterparts will together constitute one and the same instrument,
it being understood that all parties need not sign the same counterpart. A signature to this Plan executed and/or transmitted electronically
(including by fax and .pdf) will have the same authority, effect and enforceability as an original signature. No party hereto may
raise the use of such electronic transmission to make or deliver a signature, or the fact that any signature or agreement or instrument
was transmitted or communicated through such electronic transmission, as a defense to the formation of a contract, and each party
forever waives any such defense, except to the extent such defense relates to lack of authenticity.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 35. <I>Descriptive
Headings; Interpretation</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Descriptive Headings</I>. The table of contents and descriptive headings of the several Sections of this Plan are inserted
for convenience only and will not control or affect the meaning or construction of any of the provisions hereof.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Unless otherwise indicated, all references herein to Sections or Exhibits will be deemed to refer to Sections or Exhibits
of or to this Plan, as applicable. Any capitalized terms used in any Exhibit but not otherwise defined therein have the meaning
set forth in this Plan. All Exhibits attached hereto or referred to herein are hereby incorporated in and made a part of this Plan
as if fully set forth herein.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Unless otherwise indicated, the words &ldquo;include,&rdquo; &ldquo;includes&rdquo; and &ldquo;including,&rdquo; when used
herein, are deemed in each case to be followed by the words &ldquo;without limitation.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The words &ldquo;hereof,&rdquo; &ldquo;herein, &ldquo;herewith&rdquo; and words of similar import will, unless otherwise
stated, be constructed to refer to this Plan as whole and not to any particular provision of this Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The word &ldquo;or&rdquo; is used in the inclusive sense of &ldquo;and/or.&rdquo; The terms &ldquo;or,&rdquo; &ldquo;any&rdquo;
and &ldquo;either&rdquo; are not exclusive.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Whenever the context may require, any pronouns used in this Plan include the corresponding masculine, feminine or neuter
forms, and the singular form of nouns and pronouns include the plural and vice versa.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(vi)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Where a word or phrase is defined, each of its other grammatical forms has a corresponding meaning.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(vii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>References to &ldquo;<B>$</B>&rdquo; are to the lawful currency of the United States of America.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 36. <I>Costs
of Enforcement</I>. The Company agrees with each registered holder of Rights Certificates (and, prior to the Distribution Date,
the registered holders of Common Shares) that if the Company or any other Person the securities of which are purchasable upon exercise
of the Rights fails to fulfill any of its obligations pursuant to this Plan, then the Company or such Person must reimburse any
registered holder of Rights Certificates for the costs and expenses (including legal fees) incurred by such holder in any action
to enforce such holder&rsquo;s rights pursuant to any Right or this Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 37. <I>Force
Majeure</I>. Notwithstanding anything to the contrary in this Plan, the Rights Agent will not be liable for any delays or failures
in performance resulting from acts beyond its reasonable control, including acts of God, terrorist acts, shortage of supply, breakdowns
or malfunctions, interruptions or malfunction of computer facilities, or loss of data due to power failures or mechanical difficulties
with information storage or retrieval systems, labor difficulties, war or civil unrest.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 38. <I>USA
PATRIOT Act</I>. The Company acknowledges that the Rights Agent is subject to the customer identification program requirements
pursuant to the USA PATRIOT Act and its implementing regulations, and that the Rights Agent must obtain, verify and record information
that allows the Rights Agent to identify the Company. Accordingly, prior to accepting an appointment hereunder, the Rights Agent
has received information from the Company that will help the Rights Agent to identify the Company, including the Company&rsquo;s
physical address, tax identification number, organizational documents, certificate of good standing, license to do business or
such other information that the Rights Agent deems necessary and, pending verification of such received information, the Rights
Agent may request additional such information. The Company agrees to provide all reasonably requested information necessary for
the Rights Agent to verify the Company&rsquo;s identity in accordance with such customer identification program requirements.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>[Signature page follows.]</I></P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF,
the parties hereto have caused this Plan to be duly executed as of the day and year first above written.</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>CAPSTONE THERAPEUTICS CORP.</B></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 55%">&nbsp;</TD>
    <TD STYLE="width: 7%">By:</TD>
    <TD STYLE="width: 38%; border-bottom: Black 1pt solid">/s/ John M. Holliman, III</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: John M. Holliman, III</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Executive Chairman</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>COMPUTERSHARE INC.</B></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 55%">&nbsp;</TD>
    <TD STYLE="width: 7%">By:</TD>
    <TD STYLE="width: 38%; border-bottom: Black 1pt solid">/s/ Dennis V. Moccia</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Dennis V. Moccia, Contract</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title: Administration</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[<I>Signature Page to Tax Benefit Preservation
Plan</I>]</P>

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

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    <!-- Field: /Page -->

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FORM OF<BR>
AMENDED AND RESTATED</P>

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">The undersigned, being the Executive Chairman
of Capstone Therapeutics Corp. (the &ldquo;Corporation&rdquo;), a corporation organized and existing under the Delaware General
Corporation Law, hereby certifies that, pursuant to the provisions of Section 151 of the Delaware General Corporation Law, the
Board of Directors of the Corporation duly adopted the following resolution on June 24, 2014, which resolution remains in full
force and effect as of the date hereof:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Series A Preferred Stock</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in; text-indent: 0.5in">RESOLVED, that the Board of Directors
of the Corporation, pursuant to authority vested in it by the provisions of the Corporation&rsquo;s Certificate of Incorporation
(the &ldquo;<U>Charter</U>&rdquo;), hereby amends restates the powers, designations, preferences and relative, participating, optional
or other rights of the Series A Preferred Stock of the Corporation, and the qualifications, limitations or restrictions thereof,
as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in; text-indent: 0.5in">The first series of Preferred Stock,
par value $.0005 per share, of the Corporation shall be, and hereby is, designated &ldquo;Series A Preferred Stock&rdquo; (the
&ldquo;<U>Series A Shares</U>&rdquo;), and the number of shares constituting such series shall be One Million (1,000,000). The
relative rights and preferences of the Series A Shares shall be as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section A.&#9;<U>Dividends and Distributions</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject
to the prior and superior rights of the holders of any shares of any series of stock prior and superior to the Series A Shares
with respect to dividends, the holders of Series A Shares, in preference to the holders of Common Stock, par value $.0005 per share,
of the Corporation (the &ldquo;<U>Common Stock</U>&rdquo;) and of any other junior stock, shall be entitled to receive, when and
as declared by the Board of Directors, out of any funds lawfully available therefor, cash dividends thereon, payable quarterly,
from the date of issuance thereof, upon the tenth days of January, April, July and October in each year (each such date being referred
to herein as a &ldquo;<U>Quarterly Dividend Payment Date</U>&rdquo;), commencing on the first Quarterly Dividend Payment Date after
the first issuance of a Series A Share, in an amount per share (rounded to the nearest cent) equal to the greater of (a) $0.10
or (b) subject to the provisions for adjustment hereinafter set forth, 100 times the aggregate per share amount of all cash dividends,
and 100 times the aggregate per share amount (payable in kind) of all non-cash dividends or other distributions, other than a dividend
or distribution payable in shares of Common Stock or a subdivision of the outstanding shares of Common Stock (by reclassification
or otherwise), declared on the Common Stock since the immediately preceding Quarterly Dividend Payment Date or, with respect to
the first Quarterly Dividend Payment Date, since the first issuance of any Series A Share. In the event the Corporation shall at
any time after the first issuance of any Series A Share (i) declare any dividend on the Common Stock payable in shares of Common
Stock, (ii) subdivide the outstanding Common Stock or (iii) combine the outstanding Common Stock into a smaller number of shares,
then in each such case the amounts to which holders of Series A Shares were entitled immediately prior to such event under clause
(a) and clause (b) of the preceding sentence shall be adjusted by multiplying each such amount by a fraction the numerator of which
is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of
shares of Common Stock that were outstanding immediately prior to such event.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Corporation shall declare a dividend or distribution on the Series A Shares as provided in paragraph (1) of this Section immediately
after it declares a dividend or distribution on the Common Stock (other than a dividend or distribution payable in shares of Common
Stock); <U>provided</U>, <U>however</U>, that, in the event no dividend or distribution shall have been declared on the Common
Stock during the period between any Quarterly Dividend Payment Date and the next subsequent Quarterly Dividend Payment Date, a
dividend of $0.10 per share on the Series A Shares shall nevertheless be payable on such subsequent Quarterly Dividend Payment
Date; and <U>provided further</U>, that nothing contained in this paragraph (2) shall be construed so as to conflict with any provision
relating to the declaration of dividends contained in the Charter.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividends
shall begin to accrue and be cumulative on outstanding Series A Shares from the Quarterly Dividend Payment Date next preceding
the date of issue of such Series A Shares, unless the date of issue of such shares is prior to the record date for the first Quarterly
Dividend Payment Date, in which case dividends on such shares shall begin to accrue from the date of issue of such shares, or unless
the date of issue is a Quarterly Dividend Payment Date or is a date after the record date for the determination of holders of Series
A Shares entitled to receive a quarterly dividend and before such Quarterly Dividend Payment Date, in either of which events such
dividends shall begin to accrue and be cumulative from such Quarterly Dividend Payment Date. Accrued but unpaid dividends shall
not bear interest. Dividends paid on the Series A Shares in an amount less than the total amount of such dividends at the time
accrued and payable on such shares shall be allocated pro rata on a share-by-share basis among all such shares at the time outstanding.
The Board of Directors may fix a record date for the determination of holders of Series A Shares entitled to receive payment of
a dividend or distribution declared thereon.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section B.&#9;<U>Redemption</U>.&#9;The
Series A Shares are not redeemable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section C.&#9;<U>Liquidation, Dissolution
or Winding Up</U>. In the event of the voluntary or involuntary liquidation of the Corporation the &ldquo;preferential amount&rdquo;
that the holders of the Series A Shares shall be entitled to receive out of the assets of the Corporation shall be $0.10 per share
plus all accrued and unpaid dividends thereon.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
any liquidation, dissolution or winding up of the Corporation, no distribution shall be made to the holders of shares of stock
ranking junior (upon liquidation, dissolution or winding up) to the Series A Shares unless, prior thereto, the holders of Series
A Shares shall have received $0.10 per share, plus an amount equal to accrued and unpaid dividends and distributions thereon, whether
or not declared, to the date of such payment (the &ldquo;<U>Series A Liquidation Preference</U>&rdquo;). Following the payment
of the full amount of the Series A Liquidation Preference, no additional distributions shall be made to the holders of Series A
Shares unless, prior thereto, the holders of shares of common stock shall have received an amount per share (the &ldquo;<U>Common
Adjustment</U>&rdquo;) equal to the quotient obtained by dividing (i) the Series A Liquidation Preference by (ii) 100 (as appropriately
adjusted as set forth in paragraph (3) of this Section C to reflect such events as stock splits, stock dividends and recapitalizations
with respect to the Common Stock) (such number in clause (ii), the &ldquo;<U>Adjustment Number</U>&rdquo;). Following the payment
of the full amount of the Series A Liquidation Preference and the Common Adjustment in respect of all outstanding Series A Shares
and Common Stock, respectively, holders of Series A Shares and holders of shares of Common Stock shall receive their ratable and
proportionate share of the remaining assets to be distributed in the ratio of the Adjustment Number to one with respect to the
Series A Shares and Common Stock, on a per share basis, respectively.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the event, however, that there are not sufficient assets available to permit payment in full of the Series A Liquidation Preference
and the liquidation preferences of all other series of preferred stock, if any, that rank on a parity with the Series A Shares,
then all such available assets shall be distributed ratably to the holders of the Series A Shares and the holders of such parity
shares in proportion to their respective liquidation preferences. In the event, however, that there are not sufficient assets available
to permit payment in full of the Common Adjustment, then any such remaining assets shall be distributed ratably to the holders
of Common Stock.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the event the Corporation shall at any time after the first issuance of any Series A Share (i) declare any dividend on Common Stock
payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock or (iii) combine the outstanding Common Stock into
a smaller number of shares, then in each such case the Adjustment Number in effect immediately prior to such event shall be adjusted
by multiplying such Adjustment Number by a fraction, the numerator of which is the number of shares of Common Stock outstanding
immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately
prior to such event.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section D.&#9;<U>Sinking Fund</U>.&#9;The
Preferred Shares shall not be entitled to the benefit of any sinking fund for the redemption or purchase of such shares.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject
to paragraph (2) of this Section E, the Preferred Shares shall not be convertible.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
case the Corporation shall enter into any consolidation, merger, combination or other transaction in which the shares of Common
Stock are exchanged for or changed into other stock or securities, cash and/or any other property, then in any such case the Series
A Shares shall at the same time be similarly exchanged or changed in an amount per share (subject to the provision for adjustment
hereinafter set forth) equal to 100 times the aggregate amount of stock, securities, cash and/or any other property (payable in
kind), as the case may be, into which or for which each share of Common Stock is changed or exchanged. In the event the Corporation
shall at any time declare or pay any dividend on the Common Stock payable in shares of Common Stock, or effect a subdivision or
combination or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise) into a greater or lesser
number of shares of Common Stock, then in each such case the amount set forth in the preceding sentence with respect to the exchange
or change of Series A Shares shall be adjusted by multiplying such amount by a fraction, the numerator of which is the number of
shares of Common Stock outstanding immediately after such event, and the denominator of which is the number of shares of Common
Stock that were outstanding immediately prior to such event.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section F.&#9;<U>Voting Rights</U>.</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
holders of Series A Shares shall have no voting rights except as provided by Delaware statutes or by paragraph (2) of this Section
F.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;So
long as any Series A Shares shall be outstanding, and in addition to any other approvals or consents required by law, without the
consent of the holders of 66- 2/3% of the Series A Shares outstanding as of a record date fixed by the Board of Directors, given
either by their affirmative vote at a special meeting called for that purpose, or, if permitted by law, in writing without a meeting:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Corporation shall not sell, transfer or lease all or substantially all the properties and assets of the Corporation; <U>provided</U>,
<U>however</U>, that nothing herein shall require the consent of the holders of Series A Shares for or in respect of the creation
of any mortgage, pledge, or other lien upon all or any part of the assets of the Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Corporation shall not effect a merger or consolidation with any other corporation or corporations unless as a result of such merger
or consolidation and after giving effect thereto holders of Series A Shares are entitled to receive a per share amount and type
of consideration equal to 100 times the per share amount and type of consideration received by holders of shares of Common Stock,
or (1) either (A) the Corporation shall be the surviving corporation or (B) if the Corporation is not the surviving corporation,
the successor corporation shall be a corporation duly organized and existing under the laws of any state of the United States of
America or the District of Columbia, and all obligations of the Corporation with respect to the Series A Shares shall be assumed
by such successor corporation, (2) the Series A Shares then outstanding shall continue to be outstanding and (3) there shall be
no alteration or change in the designation or the preferences, relative rights or limitations applicable to outstanding Series
A Shares prejudicial to the holders thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(iii) The Corporation shall not
amend, alter or repeal any of the provisions of its Certificate of Incorporation in any manner that adversely affects the relative
rights, preferences or limitations of the Series A Shares or the holders thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section G.&#9;<U>Certain Restrictions</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whenever
quarterly dividends or other dividends or distributions payable on the Series A Shares as provided in Section A are in arrears,
thereafter and until all accrued and unpaid dividends and distributions, whether or not declared, on Series A Shares outstanding
shall have been paid in full, the Corporation shall not:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;declare
or pay dividends on, make any other distributions on, or redeem or purchase or otherwise acquire for consideration any shares of
stock ranking junior (as to dividends) to the Series A Shares;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;declare
or pay dividends on or make any other distributions on any shares of stock ranking on a parity (as to dividends) with the Series
A Shares, except dividends paid ratably on the Series A Shares and all such parity stock on which dividends are payable or in arrears
in proportion to the total amounts to which the holders of all such shares are then entitled;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;redeem
or purchase or otherwise acquire for consideration shares of any stock ranking junior (as to dividends) to the Series A Shares;
<U>provided</U>, <U>however</U>, that the Corporation may at any time redeem, purchase or otherwise acquire shares of any such
junior stock in exchange for shares of any stock of the Corporation, ranking junior (as to dividends) to the Series A Shares; and</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;purchase
or otherwise acquire for consideration any Series A Shares, or any shares of stock ranking on a parity (as to dividends) with the
Series A Shares, except in accordance with a purchase offer made in writing or by publication (as determined by the Board of Directors)
to all holders of such shares upon such terms as the Board of Directors, after consideration of the respective annual dividend
rates and other relative rights and preferences of the respective series and classes, shall determine in good faith will result
in fair and equitable treatment among the respective series or classes.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Corporation shall not permit any subsidiary of the Corporation to purchase or otherwise acquire for consideration any shares of
stock of the Corporation unless the Corporation could, under paragraph (1) of this Section G, purchase or otherwise acquire such
shares at such time and in such manner.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">Section H. <U>Fractional Shares</U>.
The Corporation may issue fractions and certificates representing fractions of Series A Shares in integral multiples of 1/100th
of a Series A Share, or in lieu thereof, at the election of the Board of Directors of the Corporation at the time of the first
issue of any Series A Shares, evidence such fractions by depositary receipts, pursuant to an appropriate agreement between the
Corporation and a depositary selected by it, provided that such agreement shall provide that the holders of such depositary receipts
shall have all rights, privileges and preferences to which they would be entitled as beneficial owners of Series A Shares. In the
event that fractional Series A Shares are issued, the holders thereof shall have all the rights provided herein for holders of
full Series A Shares in the proportion that such fraction bears to a full share.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">IN WITNESS WHEREOF, the Corporation has caused
this Amended and Restated Certificate of Designation of Series A Preferred Stock to be signed as of this 24th day of June, 2014.</P>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>CAPSTONE THERAPEUTICS CORP.</B></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 42%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ John M. Holliman, III</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Name:</TD>
    <TD>John M. Holliman,
III</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Executive
Chairman</TD></TR>
</TABLE>

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

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

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

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

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

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

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

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

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

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

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

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FORM OF<BR>
RIGHTS CERTIFICATE</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD STYLE="width: 50%">Certificate No.&nbsp;&nbsp;R-[&#9679;]</TD>
    <TD STYLE="width: 50%; text-align: right">[&#9679;] Rights</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">NOT EXERCISABLE AFTER December 31, 2020, OR SUCH EARLIER DATE AS THE RIGHTS ARE REDEEMED, EXCHANGED OR TERMINATED. THE RIGHTS ARE
SUBJECT TO REDEMPTION, AT THE OPTION OF THE COMPANY (AS DEFINED BELOW), AT $0.001 PER RIGHT, AND EXCHANGE, IN EACH CASE PURSUANT
TO THE TERMS SET FORTH IN THE RIGHTS PLAN (AS DEFINED BELOW). UNDER CERTAIN CIRCUMSTANCES, RIGHTS BENEFICIALLY OWNED BY AN ACQUIRING
PERSON OR AN AFFILIATE OR ASSOCIATE OF AN ACQUIRING PERSON (AS SUCH TERMS ARE DEFINED IN THE RIGHTS PLAN) AND ANY SUBSEQUENT HOLDER
OF SUCH RIGHTS MAY BECOME NULL AND VOID. [THE RIGHTS REPRESENTED BY THIS RIGHTS CERTIFICATE ARE OR WERE BENEFICIALLY OWNED BY A
PERSON WHO WAS OR BECAME AN ACQUIRING PERSON OR AN AFFILIATE OR ASSOCIATE OF AN ACQUIRING PERSON. ACCORDINGLY, THIS RIGHTS CERTIFICATE
AND THE RIGHTS REPRESENTED HEREBY MAY BECOME NULL AND VOID IN THE CIRCUMSTANCES SPECIFIED IN SECTION 7(e) OF THE RIGHTS PLAN.]</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This certifies that
______________________________, or registered assigns, is the registered owner of the number of Rights set forth above, each of
which entitles the owner thereof, subject to the terms, provisions and conditions of the Tax Benefit Preservation Plan, dated as
of April 18, 2017 (the &ldquo;<B>Benefit Plan</B>&rdquo;), between Capstone Therapeutics Corp., a Delaware corporation (the &ldquo;<B>Company</B>&rdquo;),
and Computershare Inc., a Delaware corporation (the &ldquo;<B>Rights Agent,</B>&rdquo; which term shall include any successor Rights
Agent pursuant to the Benefit Plan), to purchase from the Company at any time after the Distribution Date (as such term is defined
in the Benefit Plan) and prior to the Expiration Date (as such term is defined in the Benefit Plan) at the office of the Rights
Agent designated for such purpose, or at the office of its successor as Rights Agent, one one-hundredth of a fully paid and nonassessable
share of Series A Preferred Stock, par value $0.0005 per share (the &ldquo;<B>Preferred Shares</B>&rdquo;), of the Company, at
an exercise price of $5.00 per one one-hundredth of a Preferred Share (the &ldquo;<B>Exercise Price</B>&rdquo;), upon presentation
and surrender of this Rights Certificate with the Form of Election to Purchase and related Certificate duly executed. The number
of Rights evidenced by this Rights Certificate (and the number of one one-hundredths of a Preferred Share that may be purchased
upon exercise hereof) set forth above, and the Exercise Price per share set forth above, are the number and Exercise Price as of
April 18, 2017 based on the Preferred Shares as constituted at such date. As provided in the Benefit Plan, the Exercise Price and
the number and kind of Preferred Shares or other securities that may be purchased upon the exercise of the Rights evidenced by
this Rights Certificate are subject to modification and adjustment upon the occurrence of certain events. The Company reserves
the right to require prior to the occurrence of a Triggering Event (as such term is defined in the Benefit Plan) that a number
of Rights be exercised so that only whole Preferred Shares will be issued. Capitalized terms used in this Rights Certificate without
definition shall have the meanings ascribed to them in the Benefit Plan.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Upon the occurrence
of a Section 11(a)(ii) Event, if the Rights evidenced by this Rights Certificate are beneficially owned by an Acquiring Person,
an Affiliate or Associate of an Acquiring Person, a Post-Event Transferee, a Pre-Event Transferee, a Subsequent Transferee or any
nominee of any of the foregoing, such Rights shall become null and void and no holder hereof shall have any right with respect
to such Rights from and after the occurrence of such Section 11(a)(ii) Event.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Rights Certificate
is subject to all of the terms, provisions and conditions of the Benefit Plan, which terms, provisions and conditions are hereby
incorporated herein by reference and made a part hereof and to which Benefit Plan reference is hereby made for a full description
of the rights, limitations of rights, obligations, duties and immunities hereunder of the Rights Agent, the Company and the holders
of the Rights Certificates, which limitations of rights include the temporary suspension of the exercisability of such Rights under
the specific circumstances set forth in the Benefit Plan. Copies of the Benefit Plan are on file at the principal executive offices
of the Company and the above-mentioned office of the Rights Agent and are available without cost upon written request.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Subject to the provisions
of the Benefit Plan, the Rights evidenced by this Rights Certificate may be redeemed by the Company, at its option, at a redemption
price of $0.001 per Right at any time prior to the earlier of (i) the Distribution Date or (ii) the Close of Business on the Final
Expiration Date. In addition, under certain circumstances after any Person becomes an Acquiring Person, the Rights may be exchanged,
in whole or in part, for Common Shares, or cash other securities of the Company having essentially the same value or economic rights
as such shares. Immediately upon the action of the Board authorizing any such exchange, and without any further action or any notice,
the Rights (other than Rights that are not subject to such exchange) will terminate and the Rights will only enable holders to
receive the Common Shares (or cash or other securities or assets of the Company) issuable upon such exchange.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Rights Certificate,
with or without other Rights Certificates, upon surrender at the office of the Rights Agent designated for such purpose, may be
exchanged for another Rights Certificate or Rights Certificates of like tenor and date evidencing Rights entitling the holder to
purchase a like number of one one-hundredths of a Preferred Share as the Rights evidenced by the Rights Certificate or Rights Certificates
surrendered shall have entitled such holder to purchase. If this Rights Certificate is exercised in part, then the holder will
be entitled to receive upon surrender hereof another Rights Certificate or Rights Certificates for the number of whole Rights not
exercised.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">No fractions of Preferred
Shares (other than fractions that are integral multiples of one one-hundredth of a Preferred Share, which may, at the election
of the Company, be evidenced by depositary receipts) will be issued upon the exercise of any Right or Rights evidenced hereby.
In lieu thereof, a cash payment will be made as provided in the Benefit Plan. The Company, at its election, may require that a
number of Rights be exercised so that only whole Preferred Shares would be issued.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">No holder of this Rights
Certificate, as such, shall be entitled to vote or receive dividends or be deemed for any purpose the holder of the number of one
one-hundredths of a Preferred Share or any other securities of the Company that may at any time be issuable on the exercise or
exchange hereof, nor shall anything contained in herein or in the Benefit Plan be construed to confer upon the holder hereof, as
such, any of the rights of a shareholder of the Company or any right to vote for the election of directors or upon any matter submitted
to shareholders at any meeting thereof, or to give or withhold consent to any corporate action, or to receive notice of meetings
or other actions affecting shareholders (except as specifically provided in the Benefit Plan), or to receive dividends or subscription
rights, or otherwise, until the Right or Rights evidenced by this Rights Certificate shall have been exercised or exchange in accordance
with the Benefit Plan.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Rights Certificate
shall not be valid or obligatory for any purpose until it shall have been countersigned by the Rights Agent.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WITNESS the facsimile
signature of the proper officers of the Company and its corporate seal.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dated as of _______________, 20[ ].</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD COLSPAN="3"><B>ATTEST:</B></TD></TR>
<TR>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR>
    <TD>By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%">Name:</TD>
    <TD STYLE="width: 90%">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD COLSPAN="3"><B>CAPSTONE THERAPEUTICS CORP.</B></TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD>By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%">Name:</TD>
    <TD STYLE="width: 40%">&nbsp;</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD COLSPAN="3" STYLE="text-indent: 0.5in">Countersigned:</TD></TR>
<TR>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3"><B>COMPUTERSHARE INC.,</B><BR>
<B>as Rights Agent</B></TD></TR>
<TR>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR>
    <TD>By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%">Name:</TD>
    <TD STYLE="width: 90%">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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

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

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Form of Reverse Side of Rights Certificate]<BR>
<BR>
FORM OF ASSIGNMENT</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(To be executed by the registered holder
if such<BR>
holder desires to transfer the Rights Certificate.)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">FOR VALUE RECEIVED
_____________________ hereby sells, assigns and transfers unto ___________________________________________________<BR>
(Please print name and address of transferee)</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">this Rights Certificate, together with
all right, title and interest therein, and does hereby irrevocably constitute and appoint __________________________ as attorney-in-fact
to transfer the within Rights Certificate on the books of Capstone Therapeutics Corp., with full power of substitution.</P>

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Signatures must be
guaranteed by an &ldquo;Eligible Guarantor Institution&rdquo; (with membership in an approved signature guarantee medallion program
at a level acceptable to the Rights Agent) pursuant to Rule&nbsp;17Ad-15 of the Securities Exchange Act of 1934, as amended. All
guarantees must be by a financial institution (such as a bank or broker) that is a participant in the Securities Transfer Agents
Medallion Program (STAMP), the NASDAQ Medallion Signature Program (MSP) or the Stock Exchanges Medallion Program (SEMP) and must
not be dated. Guarantees by a notary public are not acceptable.</P>

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The undersigned hereby
certifies, for the benefit of the Company and all holders of Rights and Common Shares, by checking the appropriate boxes that:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(1) the Right(s) evidenced
by this Rights Certificate are not Beneficially Owned and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT>
are</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT>
are not</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in">being sold, assigned
and transferred by or on behalf of a Person who is or was an Acquiring Person, an Affiliate or Associate of an Acquiring Person,
a Post-Event Transferee, a Pre-Event Transferee, a Subsequent Transferee or any nominee of any of the foregoing; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(2) after due inquiry
and to the best knowledge of the undersigned, it</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT>
did</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT>
did not</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in">acquire the Rights
evidenced by this Rights Certificate from any Person who is, was or subsequently became an Acquiring Person, an Affiliate or Associate
of an Acquiring Person, a Post-Event Transferee, a Pre-Event Transferee, a Subsequent Transferee or any nominee of any of the foregoing.</P>

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Signatures must be
guaranteed by an &ldquo;Eligible Guarantor Institution&rdquo; (with membership in an approved signature guarantee medallion program
at a level acceptable to the Rights Agent) pursuant to Rule&nbsp;17Ad-15 of the Securities Exchange Act of 1934, as amended. All
guarantees must be by a financial institution (such as a bank or broker) that is a participant in the Securities Transfer Agents
Medallion Program (STAMP), the NASDAQ Medallion Signature Program (MSP) or the Stock Exchanges Medallion Program (SEMP) and must
not be dated. Guarantees by a notary public are not acceptable.</P>

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

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

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

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

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Form of Reverse Side of Rights Certificate
- continued]<BR>
<BR>
FORM OF ELECTION TO PURCHASE</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(To be executed if holder desires to<BR>
exercise Rights represented by the Rights Certificate.)</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The undersigned hereby irrevocably elects
to exercise _________________________ Rights represented by this Rights Certificate to purchase the number of one one-hundredths
of a Preferred Share (or such other securities of the Company or of any other Person that may be issuable upon the exercise of
the Rights) issuable upon the exercise of such Rights and requests that certificates for such shares be issued in the name of and
delivered to:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Please insert social security<BR>
or other identifying number</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD STYLE="width: 100%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">(Please print name and address)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If such number of Rights shall not be all
of the Rights evidenced by this Rights Certificate, a new Rights Certificate for the balance remaining of such Rights shall be
registered in the name of and delivered to:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Please insert social security<BR>
or other identifying number</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD STYLE="width: 100%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">(Please print name and address)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Signatures must be
guaranteed by an &ldquo;Eligible Guarantor Institution&rdquo; (with membership in an approved signature guarantee medallion program
at a level acceptable to the Rights Agent) pursuant to Rule&nbsp;17Ad-15 of the Securities Exchange Act of 1934, as amended. All
guarantees must be by a financial institution (such as a bank or broker) that is a participant in the Securities Transfer Agents
Medallion Program (STAMP), the NASDAQ Medallion Signature Program (MSP) or the Stock Exchanges Medallion Program (SEMP) and must
not be dated. Guarantees by a notary public are not acceptable.</P>

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

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

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

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

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

<!-- Field: Page; Sequence: 59; Value: 1 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The undersigned hereby
certifies, for the benefit of the Company and all holders of Rights and Common Shares, by checking the appropriate boxes that:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(1) the Right(s) evidenced
by this Rights Certificate are not Beneficially Owned and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT>
are</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT>
are not</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in">being sold, assigned
and transferred by or on behalf of a Person who is or was an Acquiring Person, an Affiliate or Associate of an Acquiring Person,
a Post-Event Transferee, a Pre-Event Transferee, a Subsequent Transferee or any nominee of any of the foregoing; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(2) after due inquiry
and to the best knowledge of the undersigned, it</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT>
did</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT>
did not</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in">acquire the Rights
evidenced by this Rights Certificate from any Person who is, was or subsequently became an Acquiring Person, an Affiliate or Associate
of an Acquiring Person, a Post-Event Transferee, a Pre-Event Transferee, a Subsequent Transferee or any nominee of any of the foregoing.</P>

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Signatures must be
guaranteed by an &ldquo;Eligible Guarantor Institution&rdquo; (with membership in an approved signature guarantee medallion program
at a level acceptable to the Rights Agent) pursuant to Rule&nbsp;17Ad-15 of the Securities Exchange Act of 1934, as amended. All
guarantees must be by a financial institution (such as a bank or broker) that is a participant in the Securities Transfer Agents
Medallion Program (STAMP), the NASDAQ Medallion Signature Program (MSP) or the Stock Exchanges Medallion Program (SEMP) and must
not be dated. Guarantees by a notary public are not acceptable.</P>

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

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

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

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

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Form of Reverse Side of Rights Certificate
- continued]</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The signature in the
foregoing Forms of Assignment and Election to Purchase, as the case may be, must conform to the name as written upon the face of
this Rights Certificate in every particular, without alteration or enlargement or any change whatsoever.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>IN THE EVENT THAT
THE CERTIFICATIONS SET FORTH IN THE FOREGOING FORMS OF ASSIGNMENT AND ELECTION TO PURCHASE, AS THE CASE MAY BE, ARE NOT COMPLETED,
THEN THE COMPANY AND THE RIGHTS AGENT WILL DEEM THE BENEFICIAL OWNER OF THE RIGHTS EVIDENCED BY THIS RIGHT CERTIFICATE TO BE AN
ACQUIRING PERSON, AN AFFILIATE OR ASSOCIATE OF AN ACQUIRING PERSON, A POST-EVENT TRANSFEREE, A PRE-EVENT TRANSFEREE, A SUBSEQUENT
TRANSFEREE OR ANY NOMINEE OF ANY OF THE FOREGOING, AS THE CASE MAY BE, AND SUCH ASSIGNMENT OR ELECTION TO PURCHASE WILL NOT BE
HONORED AND THE RIGHTS EVIDENCED BY THIS RIGHTS CERTIFICATE WILL BE DEEMED TO BE NULL AND VOID.</B></P>

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

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

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FORM OF<BR>
SUMMARY OF RIGHTS<BR>
<BR>
SUMMARY OF<BR>
TAX BENEFIT PRESERVATION PLAN<BR>
OF<BR>
CAPSTONE THERAPEUTICS CORP.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On April18, 2017, the
Board of Directors (the &ldquo;<B>Board</B>&rdquo;) of Capstone Therapeutics Corp. (the &ldquo;<B>Company</B>&rdquo;) authorized
and declared a dividend distribution of one right (a &ldquo;<B>Right</B>&rdquo;) for each outstanding share of common stock, par
value $0.0005 per share (the &ldquo;<B>Common Shares</B>&rdquo;), of the Company to shareholders of record as of the close of business
on April 18, 2017 (the &ldquo;<B>Record Date</B>&rdquo;). Each Right entitles the registered holder to purchase from the Company
one one-hundredth of a share of Series A Preferred Stock, par value $0.0005 per share (the &ldquo;<B>Preferred Shares</B>&rdquo;),
of the Company at an exercise price of $5.00 per one one-hundredth of a Preferred Share, subject to adjustment (the &ldquo;<B>Exercise
Price</B>&rdquo;). The complete terms of the Rights are set forth in a Tax Benefit Preservation Plan (the &ldquo;<B>Benefit Plan</B>&rdquo;),
dated as of April 18, 2017, between the Company and Computershare Inc., as rights agent.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">By adopting the Benefit
Plan, the Board is seeking to protect the Company&rsquo;s ability to use its net operating losses and other tax attributes (collectively,
&ldquo;<B>Tax Benefits</B>&rdquo;). The Company views its Tax Benefits as highly valuable assets of the Company that are likely
to inure to the benefit of the Company and its shareholders. However, if the Company experiences an &ldquo;ownership change,&rdquo;
as defined in Section 382 of the Internal Revenue Code (the &ldquo;<B>Code</B>&rdquo;), its ability to use the Tax Benefits could
be substantially limited, and the timing of the usage of the Tax Benefits could be substantially delayed, which could significantly
impair the value of the Tax Benefits. Generally, an &ldquo;ownership change&rdquo; occurs if the percentage of the Company&rsquo;s
stock owned by one or more &ldquo;five percent shareholders&rdquo; increases by more than 50 percentage points over the lowest
percentage of stock owned by such shareholders at any time during the prior three-year period or, if sooner, since the last &ldquo;ownership
change&rdquo; experienced by the Company. The Plan is intended to act as a deterrent to any person acquiring 4.90% or more of the
outstanding Common Shares without the approval of the Board. This would protect the Tax Benefits because changes in ownership by
a person owning less than 4.90% of the Common Shares are not included in the calculation of &ldquo;ownership change&rdquo; for
purposes of Section 382 of the Code. The Board believes that it is in the best interest of the Company and its shareholders that
the Company provide for the protection of the Tax Benefits by adopting the Benefit Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For those interested
in the specific terms of the Benefit Plan, the following is a summary description. Please note, however, that this description
is only a summary and is not complete, and should be read together with the entire Benefit Plan, which will be filed by the Company
with the Securities and Exchange Commission as an exhibit to a Registration Statement on Form 8-A and a Current Report on Form
8-K. A copy of the Benefit Plan is available free of charge from the Company.</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Distribution and Transfer</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>of Rights; Rights Certificates:</B></P></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify; vertical-align: top">The Board has declared a dividend of one Right for each outstanding Common Share.&nbsp;&nbsp;Prior to the Distribution Date referred to below:</TD></TR>
<TR>
    <TD STYLE="width: 20%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: justify; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify; width: 73%; vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">&bull;</TD>
    <TD STYLE="text-align: justify; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT>the Rights will be evidenced by and trade with the certificates for the Common Shares (or, with respect to any uncertificated Common Shares registered in book entry form, by notation in book entry), and no separate rights certificates will be distributed;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">&bull;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">new Common Shares certificates issued after the Record Date will contain a legend incorporating
the Benefit Plan by reference (for uncertificated Common Shares registered in book entry form, this legend will be contained in
a notation in book entry); and</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">&bull;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">the surrender for transfer of any certificates for Common Shares (or the surrender for transfer
of any uncertificated Common Shares registered in book entry form) will also constitute the transfer of the Rights associated
with such Common Shares.</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify; vertical-align: top">Rights will accompany any new Common Shares that are issued after the Record Date.</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><B>Distribution Date:</B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify; vertical-align: top">Subject to certain exceptions specified in the Benefit Plan, the Rights will separate from the Common Shares and become exercisable following (i) the 10th business day (or such later date as may be determined by the Board) after the public announcement that an Acquiring Person has acquired beneficial ownership of 4.90% or more of the Common Shares or (ii) the 10th business day (or such later date as may be determined by the Board) after a person or group announces a tender or exchange offer that would result in ownership by a person or group of 4.90% or more of the Common Shares.</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify; vertical-align: top">The date on which the Rights separate from the Common Shares and become exercisable is referred to as the &ldquo;<B>Distribution Date</B>.&rdquo;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify; vertical-align: top">After the Distribution Date, the Company will mail Rights certificates to the Company&rsquo;s shareholders as of the close of business on the Distribution Date and the Rights will become transferable apart from the Common Shares.&nbsp;&nbsp;Thereafter, such Rights certificates alone will represent the Rights.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Preferred Shares</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Purchasable Upon</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Exercise of Rights:</B></P></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify; vertical-align: top">After the Distribution Date, each Right will entitle the holder to purchase, for $5.00 (the &ldquo;<B>Exercise Price</B>&rdquo;), one one-hundredth of a Preferred Share.</TD></TR>
<TR>
    <TD STYLE="width: 20%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: justify; vertical-align: top">&nbsp;</TD>
    <TD STYLE="width: 73%; text-align: justify; vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify; vertical-align: top">Each one one-hundredth of a Preferred Share, if issued, will:</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">&bull;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">not be redeemable;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">&bull;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">entitle holders to quarterly dividend payments of $0.001 per one one-hundredth of a share,
or an amount equal to the dividend paid on one Common Share, whichever is greater;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">&bull;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">entitle holders upon liquidation either to receive $0.001 per one one-hundredth of a share
or an amount equal to the payment made on one Common Share, whichever is greater;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">&bull;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">have no general voting rights, but will have specified class voting power &nbsp;in the event
of mergers and similar transactions; and</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">&bull;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">entitle holders to a per share payment equal to the payment made on one Common Share if the
Common Shares are exchanged via merger, consolidation or a similar transaction.</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">&nbsp;</TD></TR>
</TABLE>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top"><B>Flip-In Trigger:</B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify; vertical-align: top">If a person or group of affiliated or associated persons (an &ldquo;<B>Acquiring Person</B>&rdquo;) obtains beneficial ownership of 4.90% or more of the Common Shares, except pursuant to an offer for all outstanding Common Shares that the independent members of the Board determine to be fair and not inadequate and to otherwise be in the best interests of the Company and its shareholders after receiving advice from one or more investment banking firms, then each Right (except Rights that become void as provided in the next paragraph) will entitle the holder thereof to purchase, for the Exercise Price, a number of Common Shares (or, in certain circumstances, cash, property or other securities of the Company) having a then-current market value of twice the Exercise Price.&nbsp;&nbsp;However, the Rights are not exercisable following the occurrence of the foregoing event until such time as the Rights are no longer redeemable by the Company, as further described below.</TD></TR>
<TR>
    <TD STYLE="width: 20%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top; width: 2%">&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top; width: 73%">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify; vertical-align: top">Following the occurrence of an event set forth in preceding paragraph, all Rights that are or, under certain circumstances specified in the Benefit Plan, were beneficially owned by an Acquiring Person or certain of its transferees will be null and void.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify; vertical-align: top">Any person who, together with its affiliates and associates, beneficially owns 4.90% or more of the outstanding Common Shares as of the time of the first public announcement of the Benefit Plan (an &ldquo;<B>Exempt Person</B>&rdquo;) shall not be deemed an Acquiring Person, but only for so long as such person, together with its affiliates and associates, does not become the beneficial owner of any additional Common Shares while such person is an Exempt Person.&nbsp;&nbsp;A person will cease to be an Exempt Person if such person, together with such person&rsquo;s affiliates and associates, becomes the beneficial owner of less than 4.90% of the outstanding Common Shares.</TD></TR>
<TR>
    <TD STYLE="width: 20%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 2%; text-align: justify; vertical-align: top">&nbsp;</TD>
    <TD STYLE="width: 73%; text-align: justify; vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><B>Flip-Over Trigger:</B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify; vertical-align: top">If, after an Acquiring Person obtains 4.90% or more of the Common Shares, (i) the Company merges into another entity, (ii) an acquiring entity merges into the Company or (iii) the Company sells or transfers more than 50% of its assets, cash flow or earning power, then each Right (except for Rights that have previously been voided as set forth above) will entitle the holder thereof to purchase, for the Exercise Price, a number of shares of common stock of the person engaging in the transaction having a then-current market value of twice the Exercise Price.</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: justify; vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><B>Redemption of the Rights:</B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify; vertical-align: top">The Rights will be redeemable at the Company&rsquo;s option for $0.001 per Right (payable in cash, Common Shares or other consideration deemed appropriate by the Board) at any time on or prior to the 10th business day (or such later date as may be determined by the Board) after the public announcement that an Acquiring Person has acquired beneficial ownership of 4.90% or more of the Common Shares.&nbsp;&nbsp;Immediately upon the action of the Board ordering redemption, the Rights will terminate and the only right of the holders of the Rights will be to receive the $0.001 redemption price.&nbsp;&nbsp;The redemption price will be adjusted if the Company undertakes a stock dividend or a stock split.</TD></TR>
</TABLE>

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

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    <TD STYLE="vertical-align: top"><B>Exchange Provision:</B></TD>
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    <TD COLSPAN="2" STYLE="text-align: justify; vertical-align: top">At any time after the date on which an Acquiring Person beneficially owns 4.90% or more of the Common Shares and prior to the acquisition by the Acquiring Person of 50% of the Common Shares, the Board may exchange the Rights (except for Rights that have previously been voided as set forth above), in whole or in part, for Common Shares at an exchange ratio of one Common Share per Right (subject to adjustment).&nbsp;&nbsp;In certain circumstances, the Company may elect to exchange the Rights for cash or other securities of the Company having a value approximately equal to one Common Share.</TD></TR>
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    <TD STYLE="vertical-align: top"><B>Expiration of the Rights:</B></TD>
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    <TD COLSPAN="2" STYLE="text-align: justify; vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Rights expire on the earliest of (i) the Close of Business on December 31, 2020; (ii) the time at which the rights are redeemed; (iii) the time at which the rights are exchanged; (iv) the close of business on the effective date of the repeal of Section&nbsp;382 or any other change if the Board, in its sole discretion, determines that this Plan is no longer necessary or desirable for the preservation of the Tax Benefits; (v) the time at which the Board determines that the Tax Benefits are fully utilized or no longer available pursuant to Section 382 or that an ownership change pursuant to Section 382 would not adversely impact in any material respect the time period in which the Company could use the Tax Benefits, or materially impair the amount of the Tax Benefits that could be used by the Company in any particular time period, for applicable tax purposes; or (vi) a determination by the Board, in its sole discretion and prior to the Distribution Date, that this Plan and the Rights are no longer in the best interests of the Company and its shareholders.</P>


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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Amendment of Terms of</B></P>
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    <TD COLSPAN="2" STYLE="text-align: justify; vertical-align: top">The terms of the Rights and the Benefit Plan may be amended in any respect without the consent of the holders of the Rights on or prior to the Distribution Date.&nbsp;&nbsp;Thereafter, the terms of the Rights and the Benefit Plan may be amended without the consent of the holders of Rights in order to (i) cure any ambiguities, (ii) shorten or lengthen any time period pursuant to the Benefit Plan or (iii) make changes that do not adversely affect the interests of holders of the Rights.</TD></TR>
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    <TD>&nbsp;</TD>
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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Voting Rights; Other</B></P>
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    <TD COLSPAN="2" STYLE="text-align: justify; vertical-align: top">The Rights will not have any voting rights.&nbsp;&nbsp;Until a Right is exercised, the holder thereof, as such, will have no separate rights as shareholder of the Company.</TD></TR>
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    <TD STYLE="vertical-align: top"><B>Anti-Dilution Provisions:</B></TD>
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    <TD COLSPAN="2" STYLE="text-align: justify; vertical-align: top">The Board may adjust the Exercise Price, the number of Preferred Shares issuable and the number of outstanding Rights to prevent dilution that may occur from a stock dividend, a stock split or a reclassification of the Preferred Shares or Common Shares.</TD></TR>
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    <TD COLSPAN="2" STYLE="text-align: justify; vertical-align: top">With certain exceptions, no adjustments to the Exercise Price will be made until the cumulative adjustments amount to at least 1% of the Exercise Price.&nbsp;&nbsp;No Preferred Shares will be issued in fractions (other than fractions that are integral multiples of one one-hundredth of a Preferred Share) and, in lieu thereof, an adjustment in cash will be made based on the then current market price of the Preferred Shares.</TD></TR>
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    <TD STYLE="vertical-align: top"><B>Taxes:</B></TD>
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    <TD COLSPAN="2" STYLE="text-align: justify; vertical-align: top">The distribution of Rights should not be taxable for federal income tax purposes.&nbsp;&nbsp;However, following an event that renders the Rights exercisable or upon redemption of the Rights, shareholders may recognize taxable income.</TD></TR>
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