As of the date hereof, Masters Capital Management, LLC, and Michael
Masters may be deemed to be the beneficial owner of 26,754,201 shares of Common Stock or 5.89% of the shares of the Common Stock
of the Issuer, based upon 454,056,000 shares of Common Stock outstanding as of January 11, 2021 according to the Issuer.* The 26,754,201
shares of Common Stock include 24,754,198 shares of Series A Convertible Preferred Shares that may be converted for Common Shares
of the Issuer.
Each of Masters Capital Management, LLC and Michael Masters
may be deemed to be the beneficial owner of 24,754,198 Series A Convertible Preferred Shares that are convertible to shares
of Common Stock.
Each of Masters Capital Management, LLC and Michael Masters has
the sole power to vote or direct the vote of 0 shares of Common Stock and the shared power to vote or direct the vote of 26,754,201
shares of Common Stock.
Each of Masters Capital Management, LLC and Michael Masters has
the sole power to dispose or direct the disposition of 0 shares of Common Stock and the shared power to dispose or direct the disposition
of 26,754,201 shares of Common Stock.
*The percentage of Common Shares of the Issuer beneficially owned
by the Reporting Persons is calculated in accordance with the applicable SEC rules such that (1) the numerator is based on the
Common Shares of the Issuer held by the Reporting Persons, plus the Common Shares that may be acquired upon the conversion of the
Series A Convertible Preferred Shares for Common Shares of the Issuer and (2) the denominator is based on the shares of Common
Stock outstanding as of January 11, 2021, plus the shares of Common Stock that may be acquired upon the conversion of the Series
A Convertible Preferred Shares for Common stock.
Transactions in the securities of the Issuer during the last sixty
days are set forth in Exhibit B.
The aforementioned shares of Common Stock were acquired for investment
purposes. Masters Capital Management, LLC may acquire additional securities of the Issuer, dispose of all or some of these securities
from time to time, in each case in open market or private transactions, block sales or purchases or otherwise, or may continue
to hold the shares of Common Stock.
The Reporting Persons specifically disclaim beneficial ownership
in the shares of Common Stock reported herein except to the extent of their pecuniary interest therein.
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