Generally, the Reporting Person was granted the shares of Common Stock of the Issuer as compensation for services rendered to the Issuer. The Reporting Person may also be deemed to have acquired and to hold the shares of Common Stock of the Issuer for general investment purposes. Depending on his relationship with the Issuer, market conditions and other factors that the Reporting Person may deem material, the Reporting Person may from time to time acquire additional shares of Common Stock of the Issuer. Without limitation of the foregoing (and consistent with his investment purpose), the Reporting Person will continue to consider alternative courses of action and will in the future take such actions with respect to his investment in the Issuer as he deems appropriate in light of the circumstances existing from time to time.
Except as otherwise described above, and in his capacity as President and as Chief Operating Officer and as a Director of the Issuer, Mr. Yuranyi does not have any present plans or proposals that relate to or that would result in:
(a) The acquisition by any person of additional securities of the issuer, or the disposition of securities of the issuer;
(b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries;
(c) A sale or transfer of a material amount of assets of the issuer or any of its subsidiaries;
(d) Any change in the present board of directors or management of the issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board;
(e) Any material change in the present capitalization or dividend policy of the issuer;
(f) Any other material change in the issuers business or corporate structure, including but not limited to, if the issuer is a registered closedend investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by section 13 of the Investment Company Act of 1940;
(g) Changes in the issuers charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person;
(h) Causing a class of securities of the issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an interdealer quotation system of a registered national securities association;
(i) A class of equity securities of the issuer becoming eligible for termination of registration pursuant to section 12(g)(4) of the Act; or
(j) Any action similar to any of those enumerated above.