The Company hereby represents and warrants to the undersigned that the Company’s representations and warranties as set forth in Section 3 of the Underwriter Agreement, dated as of May 3, 2016 (the “ Underwriter Agreement ”), together with any updates in the Company’s SEC Reports subsequent to the Underwriter Agreement, are true and correct as of the date hereof and have been fully performed as of the date hereof. Capitalized terms not otherwise defined herein shall have the meanings set forth in the Underwriter Agreement and Inducement Warrant.