Item 4 — Purpose of Transaction
The information set forth in Item 4 of the Schedule 13D is amended to incorporate the following at the end thereof: At the closing of the transactions contemplated thereby (the "Closing"), pursuant to the Exchange Agreement (as defined in Item 6 below), in exchange for 31,928,301 shares of Series B Convertible Preferred Stock, the Issuer will issue to Charter Holding Company (i) 4,223,621 shares of Series C Convertible Preferred Stock, par value $0.001 per share ("Series C Preferred Stock") and (ii) 3,286,825 shares of common stock, par value $0.001 per share ("Exchange Common Stock"). Additionally, provided that the Closing occurs, the Issuer is obligated to make a one-time cash payment to Charter Holding Company in the amount of $2,000,000 on June 30, 2028.