Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.

The term of Mr. Lee’s employment with the Company was
extended to November 30, 2020.

Mr. Lee will receive a signing bonus in the amount of
$8,333.33.

Mr. Lee will receive a base salary at an annual rate of (a)
$450,000, effective as of and retroactive to January 1, 2017;
and (b) $500,000, effective as of December 1, 2018.

For the period from January 1, 2017 through November 30,
2020, Mr. Lee will be eligible to participate in an annual
bonus program to be established by the Board of Directors
(the “Board”) or its Compensation Committee based on the
performance of the Company and Mr. Lee. The bonus program
will provide for one or more annual performance targets by
which the participants will be measured and compensated. With
respect to Mr. Lee, his performance indicator targets will be
set by the Compensation Committee after consultation with Mr.
Lee. His target bonus award will be 30% of his annual salary,
proportioned for each performance target. Maximum and
threshold levels will also be set for each performance target
by the Compensation Committee, with the maximum bonus award
set at 45% of Mr. Lee’s base salary, and the threshold bonus
award set at 15% of Mr. Lee’s base salary, also proportioned
for each performance target. Performance levels below the
threshold as to any performance target will result in no
bonus award with respect to such performance target. Payment
of any bonuses under the bonus program, to the extent any
annual bonuses become payable, will be contingent upon Mr.
Lee’s continued employment through the applicable payment
date (except with respect to any bonus payable for the last
year of the term of the Lee Employment Agreement, as to which
continued employment through November, 2020, only shall be
required), which will occur on the date on which annual
bonuses are paid generally to the Company’s senior
executives (except with respect to any bonus payable for the
last year of the term of the Lee Employment Agreement, as to
which payment will occur on or before March 15, 2021).

On May 24, 2017, the Company granted Mr. Lee an additional
non-qualified stock option to purchase 240,000 shares of the
Company’s common stock to the Company’s 2015 Equity
Incentive Plan (as amended from time to time, the “2015
Plan”), at an exercise price per share of $2.32. The stock
option will vest with respect to 1/24th of the total number
of shares underlying the stock option on each monthly
anniversary of November 30, 2018 thereafter, subject to Mr.
Lee’s continued service with the Company through the
applicable vesting date. In the event that a Change in
Control (as defined in the 2015 Plan) of the Company occurs
during the Grantees Continuous Service, the unvested portion
of the stock option will vest and become exercisable in
accordance with the terms of the 2015 Plan. The terms and
conditions of the stock option are set forth in a separate
award agreement dated May 24, 2017 (the “Award Agreement”).

The severance payment and benefits provisions of the
employment agreement were extended to November 30, 2020.