Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 16, 2020, the Company announced temporary reductions in salaries effective April 27, 2020 through July 17, 2020, including for the Chief Financial Officer (twenty-five percent) and Principal Accounting Officer (twenty percent). On June 16, 2020, the Board of Directors of the Company elected to cancel the previously announced salary reductions effective June 16, 2020.

On May 5, 2020, in connection with the Board's appointment of Cloyd J. Abruzzo as the Interim President and Chief Executive Officer of the Company, the Company entered into a letter agreement (the "Letter Agreement") with Mr. Abruzzo pursuant to which, among other things, Mr. Abruzzo is entitled to receive a base monthly salary of $25,000 ($300,000 annualized). On June 22, 2020, the Board approved an amendment to the Letter Agreement, pursuant to which Mr. Abruzzo is entitled to receive a monthly salary of $50,000 ($600,000 annualized) effective as of June 1, 2020.

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