Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Series D Preferred Stock^F1	$1.60	Mar 16, 2016	A	3,245,156	A	Mar 16, 2016	—	Common Stock	20,282,225	3,245,156	D
Series C Preferred Stock^F1	$1.60	Mar 16, 2016	D	3,000,000	D	Feb 1, 2012	—	Common Stock	18,750,000	0	D

Explanation of responses

F1The reporting person exchanged 3,000,000 shares of Series C Preferred Stock and received 3,245,256 shares of Series D Preferred Stock in an issuer exchange offer. Neither Series C Preferred Stock or Series D Preferred Stock have an Expiration Date.

Remarks

(2) Members of the board of directors of the Issuer were designated by contractual right by Real Estate Strategies LLC, and as a result for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the reporting persons are deemed to be directors of the Issuer by deputization. (3) Please also see Exhibit. Form 1 of 2.