(c) Since the June 23, 2014 filing of Amendment No. 15 to Schedule 13D, the following transactions were effected:
(i)
On August 21, 2014, a wholly owned subsidiary of Ginola liquidated and transferred 372,972 shares of the Issuer's Common Stock to Ginola.
(ii)
On December 17, 2015, a company in which the sole member of Stillwater is the sole manager and president purchased 1,333,333 shares of Issuer's Common Stock at $1.50 per share and received a Common Stock Purchase Warrant to purchase 866,667 shares of Issuer's Common Stock with an exercise price of $2.05 per share, which became exercisable on June 23, 2016 and expires on June 23, 2021, for $2,000,000 pursuant to the Securities Purchase Agreement between such company and the Issuer dated December 17, 2015, as such transaction is described further in the Issuer's Form 8-K filed on December 18, 2015.
(iii)
On December 17, 2015, Ginola purchased 266,667 shares of Issuer's Common Stock at $1.50 per share and received a Common Stock Purchase Warrant to purchase 173,333 shares of Issuer's Common Stock with an exercise price of $2.05 per share, which became exercisable on June 23, 2016 and expires on June 23, 2021, for $400,000 pursuant to the Securities Purchase Agreement between such company and the Issuer dated December 17, 2015, as such transaction is described further in the Issuer's Form 8-K filed on December 18, 2015.
(iv)
On August 24, 2016, a company in which the sole member of Stillwater is the sole manager and president elected to do a cash exercise of its Common Stock Purchase Warrant to purchase 866,667 shares of Issuer's Common Stock at an exercise price of $2.05 per share and acquired a Common Stock Purchase Warrant to purchase 1,152,668 shares of Issuer's Common Stock with an exercise price of $2.60 per share, which becomes exercisable on February 24, 2017 and expires on February 24, 2022, pursuant to the letter agreement between such company and the Issuer dated August 18, 2016, as such transaction is described further in the Issuer's Form 8-K filed on August 24, 2016.
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