On February 7, 2020, the Company filed a Current Report on Form 8-K (the “Initial Form 8-K”) reporting the appointment of Robert L. Carpenter, Jr. as Interim Chief Financial Officer and Principal Accounting Officer, effective February 6, 2020. On May 27, 2020, the Company’s Board of Directors appointed Mr. Carpenter as permanent Chief Financial Officer and Principal Accounting Officer, effective May 27, 2020. The employment agreement provides for an initial term expiring on March 30, 2022, which will be renewed for successive one-year terms commencing on March 31, 2022, unless the company provide him with written notice of non-renewal at least 60 days before such renewal.