On October 29, 2010, the Company entered into an agreement with Manufacturers and Traders Trust Company to provide
a three year term loan in the amount of $200,000, the proceeds of which were used to purchase furnishings and fixtures for the Company’s new headquarters facility. The loan bears an interest rate of LIBOR plus 4.0%, with a minimum interest
rate of 4.5%. At September 30, 2012, the remaining balance of the term loan was $72,222.