The authorized capital stock of the Company consists of 40,000,000 shares of Common Stock. The Company, as of August 18, 2015, currently has 33,724,802 shares of common stock issued and outstanding. The Company also has warrants outstanding that, if fully exercised, would result in the issuance of 547,525 shares of the Company’s common stock. Other than the warrants, there no options or rights to subscribe to, securities, rights, understandings or obligations convertible into or exchangeable for or giving any right to subscribe for any shares of capital stock or other equity interest of the Company or any of the Subsidiaries. There are no outstanding agreements or preemptive or similar rights affecting the Company’s common stock.