Item 7A. Quantitative and Qualitative Disclosures About Market Risk
ITEM 7A: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT
MARKET RISK
Item 305 of SEC Regulation S-K provides that certain registrants
are required to categorize market risk sensitive instruments into instruments entered into for trading purposes and instruments entered
into for purposes other than trading purposes. Within both the trading and other than trading portfolios, separate quantitative information
shall be presented, to the extent material, for each market risk exposure category ( i.e. , interest rate risk, foreign currency
exchange rate risk, commodity price risk, and other relevant market risks, such as equity price risk). These requirements are not applicable
to smaller reporting companies under subsection thereof.
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