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The information set forth in Item 3, Item 5 and Item 6 are hereby
incorporated by reference in its entirety.
The Reporting Person acquired the securities in connection
with her role as President and Chief Executive Officer of the Issuer, for investment purposes, and through her compensatory
arrangements with the Issuer. The Reporting Person may purchase additional securities or dispose of securities in varying amounts
and at varying times depending upon the Reporting Person’s continuing assessments of pertinent factors, including the
availability of shares of Common Stock or other securities for purchase at particular price levels, the business prospects of the
Issuer, other business investment opportunities, economic conditions, stock market conditions, money market conditions, the
attitudes and actions of the board of directors (the “Board”) and other members of management of the Issuer, the
availability and nature of opportunities to dispose of shares of the Issuer and other plans and requirements of the particular
entities. The Reporting Person may discuss items of mutual interest with the Issuer, which could include items in subparagraphs (a)
through (j) of Item 4 of Schedule 13D.
Depending upon assessments of the above factors, the Reporting Person
may change her present intentions as stated above and she may assess whether to make suggestions to the management of the Issuer regarding
financings, and whether to acquire additional securities of the Issuer, including shares of Common Stock (by means of open market purchases,
privately negotiated purchases, or otherwise) or to dispose of some or all of the securities of the Issuer, including shares of Common
Stock or OP Units, under her control. The Reporting Person may seek to acquire other securities of the Issuer, including other equity,
debt, notes or other financial instruments related to the Issuer or the Common Stock or OP Units (which may include rights or securities
exercisable or convertible into securities of the Issuer), and/or sell or otherwise dispose of some or all of such Issuer securities or
financial instruments (which may include distributing some or all of such securities to such Reporting Person’s respective partners
or beneficiaries, as applicable) from time to time, in each case, in open market or private transactions, block sales or otherwise. Any
transaction that the Reporting Person may pursue may be made at any time and from time to time without prior notice and will depend on
a variety of factors, including, without limitation, the price and availability of the Issuer’s securities or other financial instruments,
the Reporting Person’s trading and investment strategies, subsequent developments affecting the Issuer, the Issuer’s business
and the Issuer’s prospects, other investment and business opportunities available to such Reporting Person, general industry and
economic conditions, the securities markets in general, tax considerations and other factors deemed relevant by such Reporting Person.
The Reporting Person intends to review her investment in the Issuer
on an ongoing basis and, in the course of their review, may take actions with respect to her investment or the Issuer, including communicating
from time to time with the Board, members of management, other securityholders of the Issuer, or other third parties, advisors, such as
legal, financial, regulatory, or other advisors, to assist in the review and evaluation of strategic alternatives. Such discussions and
other actions may relate to various alternative courses of action, including, without limitation, those related to an extraordinary corporate
transaction (including, but not limited to a merger, reorganization or liquidation) involving the Issuer or any of its subsidiaries; a
sale or transfer of a material portion of the assets of the Issuer or any of its subsidiaries or the acquisition of material assets; the
formation of joint ventures or other strategic alliances with the Issuer or any of its subsidiaries; changes in the present business,
operations, strategy, future plans or prospects of the Issuer, financial or governance matters; changes to the Board or management of
the Issuer; changes to the capitalization, ownership structure, dividend policy, business or corporate structure or governance documents
of the Issuer; de-listing or de-registration of the Issuer’s securities; or any action similar to the foregoing. Such discussions
and actions may be exploratory in nature, and not rise to the level of a plan or proposal.
The Reporting Person serves as a member of the Board and as
President and Chief Executive Officer of the Issuer, and in such capacities, may have influence over the corporate activities of the Issuer,
including activities which may relate to items described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
Except as described in this Schedule 13D, the Reporting Person does
not have any present plans or proposals that relate to or would result in any of the actions described in subparagraphs (a) through (j)
of Item 4 of Schedule 13D, although, subject to the agreements described herein, the Reporting Person, at any time and from time to time,
may review, reconsider and change their position and/or change her purpose and/or develop such plans and may seek to influence management
of the Issuer or the Board with respect to the business and affairs of the Issuer and may from time to time consider pursuing or proposing
such matters with advisors, the Issuer or other persons. |