Exhibit 10.1
F
ORM
O
F
RE
G
ISTR
A
TION
RIGHTS
AGREE
M
ENT
This
R
e
g
istr
a
tion
Ri
g
h
t
s
A
g
r
ee
ment
(this
“
A
g
re
e
me
nt
”
)
is
ma
d
e
a
n
d
e
nte
r
e
d
into
e
f
f
e
c
tive
a
s
o
f
,
2016,
a
mo
n
g
Ako
u
stis
T
ec
hnologi
e
s,
In
c
.
,
a
N
e
v
a
da
c
orpor
a
tion (the
“
C
o
m
pany
”
),
the
p
e
rsons
who
h
a
ve
e
x
e
c
uted
o
mnibus or
c
ounte
r
p
a
rt
si
g
n
a
ture
p
a
g
e
(s) h
e
r
e
to
(
eac
h,
a
“
Subs
cr
i
b
e
r
”
a
nd
c
oll
ec
tiv
e
ly,
the
“
Subs
cr
i
b
er
s
”
).
RECITALS:
WHEREAS
,
the
C
o
m
p
a
n
y
h
a
s
of
f
e
r
e
d
a
nd
s
old
in
c
omplian
c
e
with
Rule
506
of R
e
g
ulation
D
promulgated
und
e
r
the
S
ec
urities
Act
to
acc
r
e
dit
e
d
i
n
v
e
stors
in
a
priv
a
te
pla
c
e
ment of
f
e
ri
n
g
(the
“
O
ff
er
i
n
g
”
)
sh
a
r
e
s
(the
“
Sha
re
s
”
)
of
the
c
ommon
stock
of
t
h
e
Compa
n
y
,
p
a
r
v
a
l
u
e
$0.001
p
e
r
sh
a
r
e
,
p
u
rsuant
to
that
ce
rt
a
in
Subs
c
ription
A
g
re
e
ment
e
nter
e
d
into
b
y
a
nd
b
e
tw
e
e
n
the
Compa
n
y
a
nd
e
a
c
h
o
f
the
subsc
r
ib
e
rs
for
the
Sh
a
r
e
s
s
e
t
fo
r
th
on
the
s
i
g
n
a
tu
r
e
p
a
g
e
s
a
f
fi
x
e
d
the
r
e
to (the
“
Subs
cr
i
p
tion
Ag
r
e
e
me
n
t
”
);
and
WHEREAS
,
the
Compa
n
y
h
a
s
a
g
r
ee
d
to
e
nter
i
n
to
a
re
g
istr
a
tion
r
i
g
hts
a
g
r
ee
ment
with
eac
h of
t
h
e
Subs
c
rib
e
rs
i
n
the O
f
fering who pu
r
c
h
a
s
e
d
the Shar
e
s
NOW,
THERE
F
OR
E
,
in
c
onsid
e
r
a
tion
of
t
he
mutu
a
l
promises,
r
e
pr
e
s
e
n
t
a
tions,
w
a
rr
a
nti
e
s,
c
ov
e
n
a
nts,
a
n
d
c
onditions s
e
t
fo
r
th her
e
in, the
p
a
rti
e
s mutu
a
l
l
y
a
gr
e
e
a
s follows:
1.
C
e
rt
a
in
D
e
finition
s
.
As
us
e
d
in
this
Ag
r
e
e
ment,
the
following
te
r
ms
sh
a
ll
h
a
ve
the
f
ollowing
r
e
sp
ec
tive
me
a
nin
g
s:
“
App
r
ov
e
d
M
a
rk
e
t
”
means the
O
T
C M
a
rk
e
ts
G
r
o
up, the
Na
sd
a
q
C
a
pit
a
l
M
a
rk
e
t, the
N
e
w Yo
r
k
Stock
E
x
c
h
a
nge
or
the
N
YSE
MK
T
.
“
B
l
a
c
kout
P
e
riod
”
means,
with
r
e
s
p
ec
t
to
a
r
e
g
ist
r
a
tion,
a
p
e
riod
d
u
ring
whi
c
h
t
h
e Compa
n
y
,
in
the
g
ood
f
a
ith
j
ud
g
ment
of
its
bo
a
rd
of
dir
e
c
tors,
d
e
t
e
r
min
e
s
(b
e
ca
use
of
the
e
x
ist
e
n
c
e
of,
or
in
a
nt
i
c
ipation
of,
a
n
y
a
c
quisition,
fin
a
n
c
i
n
g
a
c
tivi
t
y
,
or
other
tr
a
n
s
ac
tion
involving the Compa
n
y
, or the u
n
a
v
a
il
a
bili
t
y
for r
e
a
sons
b
e
y
ond
the Co
m
p
a
n
y
’
s
c
ontrol of
a
n
y
r
e
qui
re
d
fin
a
n
c
ial
sta
t
e
ments,
disclosure of
in
f
orm
a
tion
whi
c
h
is
in
its
b
e
st
int
e
r
e
st
not
to publi
c
l
y
disclose, or
a
n
y
other
e
v
e
nt
or
c
ondition of simil
a
r
si
g
nifi
c
a
n
c
e
to
the Comp
a
n
y
)
that the re
g
istr
a
tion
a
nd
distribution of the R
e
g
istr
a
b
l
e
S
ec
urities to be
c
ov
e
r
e
d
b
y su
c
h re
g
istr
a
tion
stat
e
ment, if
a
n
y
,
or
t
he filing of
a
n
a
men
d
ment
to su
c
h re
g
istr
a
tion
stat
e
ment in the
c
ir
c
umst
a
n
c
e
s
d
e
s
c
rib
e
d
in S
ec
tion 4(f
)
, would be s
e
riously
d
e
t
rim
e
ntal
to the Compa
n
y
a
nd
its sto
c
kholde
r
s, in
e
ac
h
ca
s
e
c
omm
e
n
c
ing
on the d
a
y t
h
e Compa
n
y
notifi
e
s the Hold
e
rs that th
e
y
a
re r
e
qui
r
e
d,
b
e
ca
use
o
f
the d
e
t
e
rmin
a
tion
d
e
s
c
rib
e
d
a
bov
e
,
to
suspe
n
d
of
f
e
rs
a
nd
s
a
les
of R
e
g
istr
a
ble
S
ec
u
rities
a
n
d
e
ndi
n
g on the
e
a
rli
e
r
of (1) the
d
a
te upon w
h
ich
the mat
e
ri
a
l no
n
-
public info
r
mation
r
e
sulting
in the
B
la
c
kout P
er
iod
is disclosed to the
p
ublic or
cea
s
e
s
to
b
e mat
e
ri
a
l
and
(
2
) su
c
h
ti
m
e
a
s the Comp
a
n
y
notifies the s
e
lling
Hold
e
rs
th
a
t
s
a
les
pu
r
su
a
nt to su
c
h
R
e
g
istr
a
tion
Stat
e
ment or
a
n
e
w or
a
mend
e
d
R
e
g
i
s
tr
a
tion
Stat
e
ment m
a
y
re
sume.
“
B
usiness
D
a
y
”
m
e
a
ns
a
n
y
d
a
y
of
the
y
e
a
r,
other
than
a
S
a
turd
a
y
,
Sund
a
y
,
or
other
d
a
y
on whi
c
h b
a
nks in the St
a
te
of
New
Y
ork
a
re r
e
q
u
ir
e
d
or
a
uthori
z
e
d
to clo
s
e
.
“
Commissio
n
”
me
a
ns the
U. S.
S
ec
urities
a
nd E
x
c
h
a
nge
Commi
s
sion or
a
ny
oth
e
r
f
e
d
e
ral
a
g
e
n
c
y
a
t the
time
a
dminist
e
ring
the S
e
c
urities Act.
“
Common
Stock
”
me
a
ns
the
c
ommon
stock,
p
a
r
v
a
lue
$0.001
p
e
r
sh
a
r
e
,
o
f
the
Compa
n
y
a
nd
a
n
y
a
nd
a
ll
sh
a
r
e
s
o
f
ca
pit
a
l
stock
or
other
e
qui
t
y
s
ec
urities
of:
(i)
t
h
e
Compa
n
y
whi
c
h
a
r
e
a
dd
e
d
to or
e
x
c
h
a
n
g
e
d
o
r
substituted
for the
Common
Stock
b
y
r
e
a
son
o
f the
d
ec
lar
a
tion
of
a
n
y stock divid
e
nd
or stock split, the issu
a
n
c
e of
a
n
y
distribution or the r
e
c
lassifi
c
a
tion,
r
e
a
djustment,
r
eca
pit
a
li
z
a
tion
or
other
su
c
h
modi
f
ic
a
tion
of
the
ca
pit
a
l
str
u
c
ture of
the
Compa
n
y;
a
nd
(ii)
a
n
y
other
c
orpor
a
tion, now or h
e
r
ea
fter
org
a
ni
z
e
d
und
e
r the l
aw
s of
a
n
y
state or oth
e
r gov
e
rnm
e
ntal
a
uthori
t
y, with whi
c
h
the Compa
n
y is
m
e
r
g
e
d,
w
h
ich r
e
sults f
r
om
a
n
y
c
onsolidation
or r
e
o
r
g
a
n
i
z
a
tion
to whi
c
h the Company is a
p
a
r
t
y,
or to whi
c
h is sold
a
ll or subst
a
nti
a
l
l
y
a
ll of the sh
a
r
e
s
or
a
ssets of the Compa
n
y, if immedi
a
tely
a
f
t
e
r
su
c
h merg
e
r,
c
onsolidation,
r
e
o
r
g
a
ni
z
a
tion
or s
a
le, t
h
e Compa
n
y
or the st
o
c
kholde
r
s
of the Compa
n
y own
e
qui
t
y
s
ec
u
rities
h
a
ving in
the
a
gg
re
g
a
te
more th
a
n
50% of the tot
a
l
voting
power of su
c
h
other
c
orpo
r
a
tion.
“
E
f
fe
c
tive
D
a
t
e
”
m
e
a
ns the
d
a
te of
the
fin
a
l closi
n
g
of the
O
f
f
e
ri
n
g
.
“
E
x
c
h
a
nge
A
c
t
”
me
a
ns
the
S
ec
urities
E
x
c
h
a
n
g
e
A
c
t
of
1934,
a
s
a
mend
e
d,
a
nd
the
rul
e
s
a
nd re
g
ulations
of the C
o
m
mission p
r
omul
g
a
ted
th
e
r
e
und
e
r.
“
F
a
mi
l
y
M
e
mbe
r
”
m
e
a
ns
(
a
)
with
r
e
sp
ec
t
to
a
n
y
i
ndividu
a
l,
su
c
h
individu
a
l’s
spouse,
a
n
y
d
e
s
ce
nd
a
nts
(
w
h
e
th
e
r
n
a
tur
a
l
or
a
dop
t
e
d),
a
n
y
t
r
ust
a
ll
of
the
b
e
n
e
fi
c
ial
int
e
r
e
sts
of
whi
c
h
a
r
e own
e
d
b
y
a
n
y
of
su
c
h
i
n
dividu
a
ls or
b
y
a
n
y
of
s
u
c
h
individuals to
g
e
ther with
a
n
y
o
r
g
a
ni
z
a
tion
d
e
s
c
rib
e
d
in S
ec
tion 501(
c
)
(
3
)
of the
I
nt
e
rn
a
l
R
e
v
e
nue Code of 1986,
a
s
a
mend
e
d, the
e
state
of
a
n
y
su
c
h individual,
a
nd
a
n
y
c
orp
o
r
a
tion,
a
ss
o
c
ia
t
ion,
pa
r
tne
r
ship
o
r
limit
e
d li
a
bility
c
ompa
n
y
a
ll of the
e
quity int
e
r
e
sts
of whi
c
h
a
r
e
ow
n
e
d
b
y
those
a
bo
v
e
d
e
s
c
rib
e
d
individuals, trusts or org
a
ni
z
a
tions
a
nd (
b
)
w
ith
r
e
sp
ec
t to
a
n
y
trust, the
own
e
rs of
the
b
e
n
e
f
i
c
ial
int
e
r
e
sts of su
c
h
trust.
“
Hold
er
”
m
e
a
ns
e
ac
h
Subs
c
rib
e
r
or
a
n
y
o
f
su
c
h
Subs
c
rib
e
r
’s
r
e
sp
e
c
tive
s
u
cce
ssors
a
nd P
e
rmitt
e
d
Assi
g
n
ee
s
w
h
o
ac
qui
r
e
r
i
g
hts
in
a
c
c
o
r
d
a
n
c
e
with
this
A
g
r
ee
m
e
nt
with
r
e
sp
e
c
t
to
a
n
y
R
e
g
istr
a
ble
S
e
c
urities di
r
ec
tly
o
r indir
e
c
tly
f
rom a Subs
c
rib
e
r
or from
a
n
y
P
e
rmitt
e
d Assi
g
n
e
e.
“
M
a
jori
t
y
Hold
e
r
s
”
m
e
a
ns,
a
t
a
n
y
time,
Hold
e
rs
of
a
majo
r
i
t
y
of
the
R
e
g
istr
a
b
l
e
S
ec
urities then outst
a
ndin
g
.
“
P
e
rmitt
e
d
Assi
g
n
e
e
”
me
a
ns
(
a
)
with
r
e
sp
e
c
t
to
a
p
a
rtn
e
rship,
its
p
a
rtn
e
rs
or
fo
r
mer p
a
rtn
e
rs
in
a
c
c
ord
a
n
c
e
with
their
p
a
rtnership
i
nte
r
e
sts,
(b)
with
r
e
s
p
e
c
t
to
a
c
orp
o
r
a
tion,
its stockhold
e
rs
in
a
c
c
or
d
a
n
c
e
with
their
int
e
r
e
st
in
the
c
orpor
a
tion,
(c)
with
r
e
sp
e
c
t
to
a
limited li
a
bili
t
y
c
ompa
n
y, its memb
e
rs
or fo
r
mer me
m
b
e
rs
in
acc
ord
a
n
c
e
with their int
e
r
e
st in t
h
e
limited li
a
bili
t
y
c
ompa
n
y,
(d) with r
e
s
p
ec
t
to
a
n individual p
a
r
t
y,
a
n
y
F
a
mi
l
y
M
e
mber of su
c
h p
a
r
t
y,
(
e
)
a
n
e
ntity
that is
c
ontroll
e
d
b
y,
c
ontrols, or is und
e
r
c
ommon
c
o
ntrol with a tr
a
nsf
e
r
o
r,
or
(
f) a
p
a
r
t
y
to this
A
gre
e
ment.
“
Pig
g
y
b
a
c
k
R
e
g
istr
a
tio
n
”
me
a
ns,
in
a
n
y
re
g
ist
r
a
tion
of
Common
Stock
r
e
fer
e
n
c
e
d
in S
ec
tion 3
(
b), the r
i
g
ht
of
ea
ch
Hold
e
r to i
n
c
lude
t
h
e
R
e
g
istr
a
ble
S
e
c
urities
o
f
su
c
h Hol
d
e
r
in su
c
h re
g
istr
a
tion.
The
te
r
ms
“
re
g
ist
e
r
,”
“
r
e
g
ist
e
r
e
d
,”
a
nd
“
re
g
istratio
n
”
r
e
f
e
r
to
a
re
g
istr
a
tion
e
f
f
ec
t
e
d
b
y pr
e
p
a
ri
n
g
a
nd
filing
a
r
e
g
ist
r
a
tion
stat
e
ment
in
c
omplian
c
e
with
the
S
e
c
urities
A
c
t,
a
nd
the d
ec
lar
a
tion or
ordering
o
f the
e
ff
ec
tiv
e
n
e
ss
of su
c
h re
g
istr
a
tion
st
a
tem
e
nt.
“
R
e
g
ist
r
a
ble
S
ec
uritie
s
”
me
a
ns
the
Sh
a
r
e
s,
but
e
x
c
luding
a
n
y
ot
h
e
rwise
R
e
g
istr
a
ble
S
ec
urities
that
(i)
h
a
ve
b
ee
n
sold
or
othe
r
wi
s
e
transf
e
rr
e
d
other
than
to
a
P
e
r
m
itted
Assi
g
n
ee
,
(ii) m
a
y be sold und
e
r the
S
ec
urities
A
c
t without vo
l
ume limitations
e
ith
e
r
p
u
rsu
a
nt to Rule 144 of the S
ec
urities
A
c
t or ot
h
e
r
w
ise
duri
n
g
a
n
y
ni
n
e
t
y
(90) d
a
y
p
e
riod,
or (iii)
a
re
a
t the time subj
e
c
t
to an
e
ff
ec
tive
re
g
istr
a
tion
st
a
tem
e
nt
u
nd
e
r
the
S
e
c
urities
A
c
t.
“
R
e
g
ist
r
a
tion
D
e
f
a
ult
P
e
rio
d
”
me
a
ns
the
p
e
riod
during
whi
c
h
a
n
y
R
e
g
istr
a
tion
Ev
e
nt o
cc
urs
a
nd
is
c
ontinuin
g
.
“
R
e
g
ist
r
a
tion
E
f
f
e
c
tiv
e
n
e
ss
D
a
t
e
”
me
a
ns
the
d
a
t
e
that
is
one
hund
re
d
a
nd
e
i
g
h
t
y
(18
0
)
ca
lendar d
a
y
s
a
ft
e
r the
R
e
g
ist
r
a
ti
o
n
Stat
e
ment is fi
r
st fil
e
d
with the
Comm
i
ssion.
“
R
e
g
ist
r
a
tion
Ev
e
n
t
”
m
e
a
ns the
o
cc
u
r
r
e
n
c
e
of
a
n
y
of the
following
e
v
e
nts:
(a)
the
Compa
n
y
f
a
ils
to
file
with
the
Commis
s
ion
t
h
e
R
e
g
ist
r
a
tion
Stat
e
ment on or
b
e
fore
the R
e
g
istr
a
t
ion
F
iling
D
a
t
e
;
(b)
the
R
e
g
istr
a
tion
S
tat
e
m
e
nt
is
not
d
ec
la
r
e
d
e
ff
ec
t
i
ve
b
y
the
Commission
on or b
e
fore
the R
e
g
istr
a
ti
o
n
E
f
f
e
c
tiv
e
n
e
ss
D
a
te;
(c)
a
ft
e
r
the
SEC
E
f
f
e
c
tive
D
a
te,
the
R
e
g
istr
a
tion
S
tat
e
ment
c
e
a
s
e
s
for
a
n
y
r
e
a
son
to
r
e
main
c
ontinuous
l
y
e
f
f
e
c
tive
or the H
o
lde
r
s
a
r
e otherwise not
p
e
rmitt
e
d
to
utili
z
e the prosp
e
c
tus
the
r
e
in
to
r
e
s
e
ll
the R
e
g
istr
a
ble
S
e
c
u
r
ities
(in
c
luding a
B
l
ac
k
o
ut
P
e
riod) for
a p
e
riod
of more than fi
f
te
e
n (15)
c
ons
ec
utive T
ra
di
n
g
Day
s
,
e
x
ce
pt
a
s
e
x
c
us
e
d
pursu
a
nt
to
S
ec
tion 3(
a
); or
(d)
the R
e
g
istr
a
ble
S
e
c
uritie
s
,
if issu
e
d,
a
re
not
listed
or in
c
luded
for
quotation on
a
n
App
r
ov
e
d
M
a
r
ke
t,
or
tr
a
di
n
g
of
t
h
e
C
o
mmon
Stock
is
suspe
n
d
e
d
or
h
a
lt
e
d
on
the App
r
ov
e
d
M
a
rk
e
t,
wh
i
c
h
a
t
the
time
c
onstitutes
the
prin
c
ipal
m
a
rk
e
t
s
f
o
r
t
h
e
Common
Stock,
for more
than
three
(3)
ful
l
,
c
ons
ec
utive
T
r
a
di
n
g
Da
y
s;
provi
d
e
d
,
how
e
v
er
,
a
R
e
g
ist
r
a
tion
Ev
e
nt sh
a
ll not be d
ee
med
to
o
cc
ur if
a
ll
or subst
a
nti
a
lly
a
ll
tr
a
di
n
g in
e
qui
t
y
s
e
c
urities
(in
c
luding the Common Stock)
is suspend
e
d
or
ha
lt
e
d on the
A
p
prov
e
d
M
a
r
k
e
t
for
a
n
y
l
e
n
g
th of time.
“
R
e
g
ist
r
a
tion
F
i
li
n
g
D
a
t
e
”
m
e
a
ns
the
d
a
te
that
is
nine
t
y
(90)
ca
len
d
a
r
d
a
y
s
a
f
t
e
r
the E
f
f
e
c
tive
D
a
te.
“
R
e
g
ist
r
a
tion
Stat
e
men
t
”
me
a
ns
the
r
e
g
istr
a
tion
stat
e
ment
that
the
Comp
a
n
y
is
r
e
quir
e
d
to file pu
r
su
a
nt to S
ec
tion
(
a
)
a
.i.1
(
a
)
of
t
his
A
gr
e
e
ment
to r
e
g
ist
e
r
the
R
e
g
i
str
a
ble
Se
c
urities.
“
Rule
144
”
me
a
ns
Rule
144
promul
g
a
ted
b
y
the
Commission
und
e
r
the
S
ec
urities
A
c
t,
a
s
su
c
h
rule
m
a
y
be
a
m
e
nd
e
d
or
suppl
e
men
t
e
d
from
time
to
time,
or
a
n
y
simil
a
r
su
cce
ssor
rule that m
a
y
b
e
promulg
a
ted
b
y
the Commission.
“
Rule
145
”
me
a
ns
Rule
145
promul
g
a
ted
b
y
the
Commission
und
e
r
the
S
ec
urities
A
c
t,
a
s
su
c
h
rule
m
a
y
be
a
men
d
e
d
or
suppl
e
ment
e
d
f
r
om
time
to
time,
or
a
n
y
si
m
il
a
r
su
cce
ss
o
r
rule
that m
a
y
b
e
promulg
a
ted
b
y
t
he
Commission.
“
Rule
415
”
me
a
ns
Ru
l
e
415
promul
g
a
ted
b
y
the
Commission
und
e
r
the
S
ec
urities
A
c
t,
a
s
su
c
h
rule
m
a
y
be
a
men
d
e
d
or
suppl
e
ment
e
d
f
r
om
time
to
time,
or
a
n
y
si
m
il
a
r
su
cce
ss
o
r
rule
that m
a
y
b
e
promulg
a
ted
b
y
t
he
Commission.
“
S
ec
urities
A
c
t
”
me
a
ns
the
S
ec
urities
A
c
t
o
f
1
9
33,
a
s
a
m
e
n
d
e
d,
or
a
n
y
simil
a
r
f
e
d
e
r
a
l
statute
promul
g
a
ted
in
r
e
pla
c
e
m
e
nt
the
r
e
of,
a
nd
the
rul
e
s
a
nd
r
e
g
ulati
o
ns
of
the
C
o
mmissi
o
n
the
r
e
und
e
r,
a
ll
a
s the s
a
m
e
sh
a
ll be
in e
f
f
ec
t
at the
time.
“
SEC
E
f
f
e
c
tive
D
a
t
e
”
m
ea
ns
the
d
a
te
the
R
e
g
istr
a
tion
Stat
e
ment
is
d
ec
l
ar
e
d
e
f
f
e
c
tive
b
y the Commission.
“
Sh
a
r
e
s
”
me
a
ns
the
s
h
a
r
e
s
of
Common
Stock
is
s
u
e
d
to
the
Subs
c
rib
e
r
s
p
ursu
a
nt
to
the Subs
c
ription
A
g
r
ee
ment
[
(in
c
luding
a
n
y
Sh
a
r
e
s
o
f
Common
Stock
issu
e
d pursu
a
nt
to
S
ec
tion
18 of the Subs
c
ription A
g
r
ee
ment
)
]
a
nd
a
n
y
sh
a
res of
C
ommon Stock is
s
u
e
d
or issu
a
ble with r
e
sp
ec
t
to su
c
h sh
a
r
e
s
u
pon
a
n
y
stock split, div
i
d
e
nd or other distributi
o
n,
r
e
ca
pit
a
li
z
a
tion
or simil
a
r
e
v
e
nt
with r
e
sp
ec
t to the
f
ore
g
oi
n
g
.
“
T
ra
di
n
g
D
a
y
”
me
a
ns
a
n
y
d
a
y
on
whi
c
h
su
c
h
n
a
tion
a
l
s
ec
urities
e
x
c
h
a
n
g
e
,
the
O
TC M
a
rk
e
ts
G
r
oup or
s
u
c
h
o
ther
s
ec
u
rities
ma
r
k
e
t
or quotation
s
ystem, whi
c
h
a
t
the time
c
onstitutes the p
r
incip
a
l
se
c
u
rities ma
r
k
e
t
for
t
h
e
Common S
t
o
c
k, is op
e
n
for g
e
n
e
r
a
l
tr
a
ding
o
f
s
e
c
u
rities.
C
a
pit
a
li
z
e
d
te
r
ms
us
e
d
h
e
r
e
in
without
d
e
finition
h
a
ve
the
m
e
a
ni
n
g
s
a
s
c
r
i
b
e
d
to
them
in the Subs
c
ription
A
g
r
ee
m
e
nt.
2.
T
e
r
m
.
This
A
gr
e
e
m
e
nt
sh
a
ll
te
r
min
a
te
with
r
e
sp
e
c
t
to
e
a
c
h
Hold
e
r
on
the
ea
rli
e
r
of:
(i)
the
d
a
te
that
is
the
lat
e
r
of
(
x
)
two
y
e
a
rs
from
the
SEC
E
f
f
e
c
tive
D
a
te
a
nd
(
y
)
the
d
a
te
on whi
c
h
a
ll R
e
gistr
a
b
l
e
S
e
c
urities h
e
ld
b
y su
c
h H
o
lder
a
re t
r
a
nsfer
r
e
d
oth
e
r than to a P
e
rmitt
e
d
Assi
g
n
e
e
or
may be
s
o
ld
und
e
r
Rule
144
without r
e
striction
(in
c
luding,
without
limitatio
n
, volume r
e
strictions)
dur
i
ng
a
ny ninety (9
0
)
d
a
y p
e
riod; or (ii) t
h
e
d
a
te
o
the
r
wise
te
r
mina
t
e
d
a
s provid
e
d h
e
r
e
in.
(a)
R
e
g
istr
a
tion
on
F
orm
S
-
1
.
The
Compa
n
y
sh
a
ll
file
with
the
Commission
a
R
e
g
istr
a
tion
Stat
e
ment
on
F
orm
S
-
1,
or
a
n
y
oth
e
r
fo
r
m
for
whi
c
h
the
Compa
n
y
then
qu
a
lif
i
e
s
or
whi
c
h
c
ouns
e
l
for
the
C
o
mpa
n
y
s
h
a
ll
d
e
e
m
a
ppr
o
pri
a
te
a
nd
whi
c
h
fo
r
m
s
h
a
ll
be
a
v
a
il
a
ble
for t
h
e r
e
s
a
le
b
y
t
h
e
Hold
e
rs
o
f
a
ll
of
the
R
e
g
istr
a
ble
S
ec
urities,
a
nd
the
Co
m
p
a
n
y
sh
a
ll
(i)
use
its
c
omm
e
r
c
ially
r
e
a
so
n
a
ble
e
f
f
orts
to make the init
i
a
l filing of
the R
e
g
istr
a
tion
Stat
e
ment no lat
e
r than the R
e
g
istr
a
tion
F
iling
D
a
te, (ii) use its
c
omm
e
r
c
ial
l
y
r
ea
son
a
b
l
e
e
f
f
orts
to
ca
use su
c
h R
e
g
istr
a
tion
Stat
e
ment
t
o be
d
e
c
la
r
e
d
e
f
f
e
c
tive
n
o
lat
e
r than t
h
e
R
e
g
istr
a
t
ion
E
f
f
e
c
tiv
e
n
e
ss
D
a
te
a
nd
(iii)
use
its
c
omm
e
r
c
ial
l
y
re
a
son
a
ble
e
f
f
orts
to
k
ee
p
su
c
h
R
e
g
ist
r
a
tion
Stat
e
ment
e
f
f
e
c
tive
for
a
p
e
riod
o
f
two
(
2
)
y
e
a
rs or
for
su
c
h
shor
t
e
r
p
e
ri
o
d
e
nding
on
the
ea
rli
e
r
t
o
o
cc
ur
of
(
x
)
the
d
a
te
on
whi
c
h
a
ll
R
e
g
istr
a
b
l
e
S
ec
urities
h
a
ve
b
ee
n
tr
a
n
sf
e
rr
e
d
other
than
to
a
P
e
rmitt
e
d
Assi
g
n
e
e
a
nd (y) the date as of which all of the Holders may sell all of the Registrable Securities without
r
e
striction
pursu
a
nt
to
Rule
144
(in
c
ludi
n
g
,
without
limitation,
volume
restrictions)
within
a
90 d
a
y
p
e
riod
(the
“
E
ff
ec
tiv
e
n
e
ss
P
e
r
io
d
”
);
provid
e
d
,
how
e
v
er
,
that
the
Compa
n
y
sh
a
ll
not
be obli
g
a
ted
to
e
f
f
e
c
t
a
ny
s
u
c
h
re
g
istr
a
tion,
qu
a
lific
a
tion
or
c
omplian
c
e
p
u
rsu
a
nt
to
this
S
ec
tion,
or k
ee
p
su
c
h
re
g
istr
a
tion
e
f
f
e
c
tive
p
u
rsu
a
nt to
the
t
e
rms
h
e
r
e
un
d
e
r,
in
a
ny p
a
rti
c
ular
jurisdi
c
tion
in whi
c
h
the
Compa
n
y wo
u
ld
be
r
e
quir
e
d
to qu
a
li
f
y to do busin
e
ss
a
s a for
e
i
gn
c
orpor
a
tion or
a
s
a d
ea
ler
in
s
e
c
urities
un
d
e
r the
s
e
c
urities
l
a
ws
of s
u
c
h
jurisdi
c
tion
or to
e
x
e
c
ute
a g
e
n
e
r
a
l
c
ons
e
nt to s
e
rvi
c
e
of
proc
e
ss in
e
ff
ec
ti
n
g
s
u
c
h
re
g
istr
a
tion,
qu
a
lifi
c
a
tion
o
r
c
o
m
pli
a
n
ce
,
in
e
a
c
h
c
a
se wh
e
re
it
h
a
s
not
a
lre
a
dy
done so.
No
t
withstanding the fo
r
e
g
oi
n
g
,
in
the
e
v
e
nt
that
the
sta
f
f
(the
“
Staf
f
”
)
of
the
Commis
s
ion
should
lim
i
t
the
nu
m
b
e
r
of
R
e
g
istr
a
ble
S
e
c
ur
i
ti
e
s
that
m
a
y be
sold pursu
a
nt
to
the
R
e
g
ist
r
a
tion
Stat
e
ment,
the
C
ompa
n
y
m
a
y
r
e
move
f
rom
the R
e
g
istr
a
tion
Stat
e
ment su
c
h number
of
R
e
g
istr
a
ble
S
ec
u
rities
a
s
sp
ec
ifi
e
d
b
y
the Commission on b
e
h
a
lf of
a
ll of the
holde
r
s
of
R
e
g
istrable
Se
c
urities
f
rom the
R
e
g
ist
r
a
ble
Se
c
u
rities, on a
pro r
a
ta b
a
sis
a
mo
n
g
the holde
r
s th
e
r
e
o
f
.
In
s
u
c
h
e
v
e
nt,
t
h
e Company sh
a
ll
g
ive
the Subs
c
ribe
r
s prompt noti
c
e
of t
h
e number of R
e
g
istr
a
ble
S
ec
urities
e
x
c
luded
the
r
ef
rom.
No liquidat
e
d
d
a
m
a
g
e
s
sh
a
ll
a
c
c
rue
or
b
e p
a
y
a
ble
to
a
ny
Hold
e
r
p
u
rsu
a
nt
to
S
ec
tion
3
(d)
with
r
e
sp
e
c
t
to
a
ny
R
e
g
istrable
S
ec
urities
that
a
r
e
e
x
c
luded
b
y
r
ea
son
of t
h
e
fo
r
e
g
oi
n
g
s
e
nt
e
n
ce
.
(b)
Pi
g
g
y
b
ac
k
R
e
g
istr
a
tio
n
.
I
f,
a
ft
e
r
the
SEC
E
f
f
ec
t
ive
D
a
te,
t
h
e
Compa
n
y sh
a
ll
d
e
te
r
mine
to
re
g
ist
e
r
for
s
a
le
f
o
r
c
a
sh
a
n
y
o
f
its
Common
Stock,
for its
own
a
c
c
ount
or
f
o
r the
a
c
c
ount
of othe
r
s (
o
ther than the Hold
e
rs
)
,
other than (i) a re
g
istr
a
t
ion
relati
n
g sole
l
y to
e
mpl
o
y
e
e
b
e
n
e
fit
p
l
a
ns or s
ec
u
rities
issu
e
d
o
r i
s
su
a
ble
to
e
mpl
o
y
e
e
s,
c
o
nsultants (to the
e
x
tent
the
s
ec
u
rities
own
e
d
or
to
be
o
wn
e
d
b
y su
c
h
c
o
n
sult
a
nts
c
ould
be
re
g
ist
e
r
e
d
on
F
orm
S
-
8
(
or
its then
e
quival
e
nt fo
r
m)
or
a
n
y
of
their
F
a
mi
l
y
M
e
mbe
r
s (in
c
luding
a
re
g
istr
a
tion
on
F
orm
S
-
8
(
or its then
e
quival
e
nt
fo
r
m
)
)
,
(ii)
a
re
g
istr
a
tion
r
e
lating
sole
l
y
to a
S
ec
urities
A
c
t Rule
145 tr
a
ns
ac
tion
or a re
g
ist
ra
tion on
F
orm
S
-
4
(
or
i
t
s then
e
quival
e
nt
fo
r
m
) in
c
onn
ec
tion
with a me
r
g
e
r,
a
c
quisition,
di
v
e
stitur
e
,
r
e
o
r
g
a
ni
z
a
tion
or simil
a
r
e
v
e
nt,
or (iii) a tr
a
ns
ac
tion r
e
lating
sole
l
y
to the
s
a
le
o
f
d
e
bt
or
c
onv
e
rtible
d
e
bt
inst
r
uments,
then
the
Comp
a
n
y
s
h
a
ll
promptly
g
ive to
eac
h Hold
e
r
w
r
itten
n
oti
c
e
the
r
e
o
f
(the
“
R
e
gi
s
t
r
ation
Rights No
t
ic
e
”
)
(
a
nd in no
e
v
e
nt
s
h
a
ll su
c
h
noti
c
e be
g
iven le
s
s
than tw
e
n
t
y (20)
c
a
le
n
d
a
r
da
y
s prior to the filing of su
c
h
re
g
istr
a
tion
stat
e
ment
)
,
a
nd
s
h
a
ll,
su
b
je
c
t to S
ec
tion
(
a
)
a
.i.1
(
c)
,
include
a
s a P
i
g
g
y
b
ac
k
R
e
g
istr
a
tion
a
ll of the R
e
g
istr
a
ble
S
e
c
urities (in
c
luding
a
n
y R
e
g
ist
r
a
ble
S
ec
urities that
a
r
e
r
e
moved f
r
om the R
e
g
istr
a
tion
Stat
e
ment
a
s a
r
e
sult
of a
r
e
quir
e
m
e
nt
b
y t
h
e Staff) s
p
ec
ifi
e
d
in a w
r
itten
r
e
qu
e
st
d
e
liv
e
r
e
d
b
y
the Hold
e
r
t
h
e
r
e
of
within
ten (10)
ca
l
e
nd
a
r
da
y
s
a
fter
d
e
liv
e
r
y
to
the
Hold
e
r
of su
c
h w
r
itten
noti
c
e
f
r
om
the
Compa
n
y
.
Ho
we
v
e
r,
the
Compa
n
y m
a
y
,
with
o
ut
the
c
ons
e
nt
of
su
c
h Hold
e
rs,
withdraw
su
c
h re
g
istr
a
tion
stat
e
ment
pr
i
or
to its b
ec
omi
n
g
e
f
fe
c
tive
if
the
Compa
n
y
o
r su
c
h
other
s
e
lling st
o
c
k
holde
r
s
h
a
ve
e
le
c
ted
to
a
b
a
ndon
the
prop
o
s
a
l
to
re
g
ist
e
r
the
s
e
c
urities
prop
o
s
e
d to be re
g
ist
e
re
d
the
r
e
b
y
.
The r
i
g
ht
c
o
ntain
e
d
in this p
a
ragr
a
p
h
m
a
y be
e
x
e
r
c
ised
b
y
eac
h Hol
d
e
r
on
l
y
with resp
ec
t
to two
(
2) q
ua
lif
y
i
n
g
re
g
istr
a
tions.
(c)
Und
e
r
w
riti
n
g
.
I
f
a
Pig
g
y
b
a
c
k
R
e
g
istr
a
tion
is
for
a
re
g
ist
e
r
e
d
public of
f
e
ri
n
g
t
h
a
t
is
to
be
m
a
de
b
y
a
n und
e
r
w
r
itin
g
,
the Compa
n
y sh
a
ll
so
a
d
vise the Hold
e
rs
a
s
p
a
rt
of the R
e
g
ist
r
a
tion
Rights Notic
e
.
I
n t
h
a
t
e
v
e
nt,
the ri
g
ht of
a
n
y
Hold
e
r to P
i
g
g
y
b
a
c
k
R
e
g
istr
a
tion
sh
a
ll be
c
o
n
ditioned
upon su
c
h Hold
e
r
’
s
p
a
rti
c
ipation in su
c
h
und
e
r
w
riti
n
g
a
nd the inclusion of su
c
h Hold
e
r
’
s
R
e
g
istr
a
ble
S
ec
uriti
e
s in the und
e
r
w
riting
to the
e
x
tent provid
e
d
h
e
r
e
in. All Hold
e
rs
p
roposing to
s
e
ll
a
n
y
o
f
their R
e
g
istr
a
b
l
e
S
e
c
urities throu
g
h
su
c
h und
e
r
w
riti
n
g
sh
a
ll (toget
h
e
r
with the Compa
n
y
a
nd
a
n
y
other stockho
l
d
e
rs of the Compa
n
y
s
e
lling
their s
ec
urities
throu
g
h
su
c
h
und
e
r
w
ritin
g
)
e
nt
e
r into
a
n
und
e
r
w
riting
a
g
r
ee
ment
in
c
ustom
a
r
y
fo
r
m
with
the
und
e
rwrit
e
r
s
e
l
e
c
ted
f
or
su
c
h
und
e
rwriting
b
y
the
Compa
n
y
or
s
u
c
h
other
s
e
lling
stockhold
er
s,
a
s
a
ppli
ca
ble.
Notwi
t
hstanding
a
n
y
ot
h
e
r
pr
o
vision
of
this
S
ec
tion
(
a
)
a
.i.1
(
c)
,
if
the
und
e
r
w
r
it
e
r
or
the
Compa
n
y
d
e
te
r
min
e
s
that
ma
r
k
e
ting
f
a
c
tors
r
e
quire
a limitation
on
the
number
of
sh
a
r
e
s
o
f
Comm
o
n
Stock
or
the
a
mount of
other
s
ec
urities
to
be und
e
r
w
ritten, the und
er
w
r
it
e
r
m
a
y
e
x
c
lude
s
o
me or
a
ll
R
e
gist
r
a
ble
S
ec
urities
f
r
om
su
c
h registr
a
tion
a
nd
und
e
r
w
r
itin
g
.
The Compa
n
y sh
a
ll so
a
dvise
a
ll Hold
e
rs
(
e
x
ce
pt
those Hold
e
rs who
f
a
il
e
d
to
time
l
y
e
l
e
c
t
to
include their R
e
gi
s
tr
a
ble
S
ec
urities
thro
u
gh
su
c
h
und
e
r
w
riti
n
g
or h
a
ve indi
ca
t
e
d
to the
Compa
n
y
t
h
e
ir
d
ec
ision
not
to do so),
a
nd
indi
ca
t
e
t
o
e
a
c
h
su
c
h
Hold
e
r
the number of sh
a
r
e
s of R
e
gistr
a
ble
S
ec
urities
t
h
a
t
m
a
y
b
e includ
e
d
i
n the registr
a
tion
a
nd
und
e
r
w
riti
n
g,
if
a
n
y. T
h
e
number of sh
a
r
e
s of R
e
gistr
a
ble
S
ec
u
rities to be includ
e
d
in such registr
a
tion
a
nd und
e
r
w
r
i
ting
sh
a
ll be
a
llo
c
a
ted
a
m
ong su
c
h
Hold
e
rs
a
s
follows:
(i)
I
f
t
h
e
Pig
g
y
b
a
c
k
R
e
g
ist
r
a
tion
w
a
s
initi
a
ted
b
y
the
Compa
n
y
,
the number
of
s
h
a
r
e
s
t
h
at
m
a
y
b
e
includ
e
d
in
the re
g
istr
a
tion
a
nd und
e
r
w
r
iting
sh
a
ll
b
e
a
llo
ca
ted fi
r
st
to the C
o
mpa
n
y
a
nd
then, subj
ec
t to obli
g
a
tions
a
nd
c
ommitments
e
x
i
s
ting
a
s
of
the
d
a
te
h
e
r
e
o
f,
to
a
ll
p
e
rsons
e
x
e
r
c
ising
p
i
g
g
y
b
a
c
k
re
g
ist
r
a
tion
ri
g
h
t
s
(in
c
luding
the Hold
e
rs)
who
h
a
ve r
e
qu
e
sted
to
s
e
ll
in the
r
e
g
istration
on
a
pro
r
a
ta
b
a
sis
acc
ordi
n
g
to
the number
of sh
a
r
e
s
r
e
q
u
e
s
t
e
d
to be in
c
luded th
e
r
e
in;
a
nd
(ii)
I
f
t
h
e
Pig
g
y
b
a
c
k
R
e
g
i
s
tr
a
tion
w
a
s
initi
a
ted
b
y
the
e
x
e
r
c
ise
of d
e
mand
re
g
istr
a
tion
ri
g
h
ts
b
y
a
stockhold
e
r
or
s
tockh
o
lde
r
s
of
the
Co
m
p
a
n
y
,
then
the number
of s
h
a
r
e
s
t
h
a
t m
a
y
b
e includ
e
d in the re
g
istr
a
tion
a
nd und
e
r
w
r
iting
sh
a
ll
b
e
a
llo
ca
ted
fi
r
st to su
c
h s
e
lling
stockhold
e
rs who
e
x
e
r
c
ised
su
c
h d
e
mand to the
e
x
tent
of their d
e
mand re
g
istr
a
ti
o
n
ri
g
hts,
a
nd then, subj
ec
t
to obli
g
a
tions
a
nd
c
ommitmen
t
s
e
x
isting
a
s of the d
a
te h
e
r
e
of,
to the Compa
n
y
a
nd then, subj
ec
t
to
o
bli
g
a
tions
a
nd
c
ommitments
e
x
i
sting
a
s of
the
d
a
te
h
e
r
e
o
f,
to
a
ll p
e
rsons
e
x
e
r
c
ising
p
i
g
g
y
b
ac
k
re
g
istr
a
tion ri
g
hts
(in
c
l
u
ding the Hold
e
rs)
who h
a
ve r
e
q
u
e
sted
to s
e
ll in
t
he re
g
istr
a
tion
on a
pro
r
a
t
a
b
a
sis
a
c
c
or
d
ing
to the
number
o
f
sh
a
r
e
s
r
e
qu
e
sted to
b
e
inclu
d
e
d the
r
e
in.
No
R
e
g
istr
a
ble
S
e
c
urities
e
x
c
luded
f
r
om
the
und
e
r
w
riti
n
g
b
y
r
ea
son
of
the und
e
r
w
rit
e
r
’s
m
a
rk
e
ti
n
g
limitation
sh
a
ll
be
i
n
c
luded
in
s
u
c
h
re
g
i
str
a
tion.
If
a
ny Hold
e
r disapp
r
ov
e
s
of the te
r
ms of
a
n
y
s
u
c
h und
e
r
w
ri
t
in
g
,
su
c
h Hold
e
r may
e
le
c
t
to withdr
a
w su
c
h Hold
e
r
’
s
R
e
g
istr
a
ble
S
e
c
urities the
r
e
f
r
om
by
d
e
liv
e
ring
a w
r
itten noti
c
e to the Compa
n
y
a
nd the und
e
r
w
rit
e
r.
The R
e
g
i
s
tr
a
ble
S
ec
urities so w
i
thdr
a
wn
f
r
om su
c
h und
e
r
w
riting
sh
a
ll
a
lso be withdr
a
wn
f
rom
su
c
h
r
e
g
ist
r
a
tion;
provid
e
d
,
h
ow
e
v
er
,
that,
if
by
t
h
e
withdr
a
w
a
l
o
f
su
c
h
R
e
g
istr
a
ble
S
ec
urities,
a
g
r
ea
t
e
r
number
o
f R
e
g
istr
a
ble
S
ec
u
rities
h
e
ld
by
other Hold
e
rs may
be includ
e
d
in
su
c
h
r
e
g
istr
a
t
i
on
(up
to
the m
a
x
i
mum
of
a
n
y
limitation
imposed
b
y the
un
d
e
r
w
rit
e
rs
)
,
then the Compa
n
y
s
h
a
ll
of
f
e
r to
a
ll
Hold
e
rs w
h
o h
a
ve
includ
e
d R
e
g
ist
r
a
ble
S
ec
urities in the re
g
istr
a
tion
the r
i
g
ht to
include
a
dditional R
e
gistr
a
ble
S
ec
urities purs
u
a
nt
to the te
r
ms
a
nd limitations s
e
t
fo
r
th h
e
r
e
in
in the s
a
me prop
o
rtion us
e
d
a
bove
in d
e
termining
the und
e
r
w
rit
e
r
limitation.
(d)
L
iquid
a
ted
D
a
m
a
g
e
s
.
I
f
a
R
e
g
istr
a
tion
Ev
e
nt
o
c
c
urs,
then
the
Compa
n
y
will
make
p
a
y
ments
to
eac
h
Hold
e
r
of
R
e
g
istrable
S
ec
urities,
a
s
liqui
d
a
ted
d
a
m
a
g
e
s
to
su
c
h Hold
e
r
by
r
e
a
son
of
the R
e
g
istr
a
tion
Ev
e
nt, a
c
a
sh
sum
ca
lcul
a
ted
a
t a r
a
te
of
tw
e
lve p
e
rc
e
nt
(
12
%
) p
e
r
a
nnum of the
a
ggre
g
a
te
pu
r
c
h
a
se
price p
a
id by su
c
h Hold
e
r
pursu
a
nt to Subs
c
ription Ag
r
ee
ment
with r
e
sp
ec
t to su
c
h
Hold
e
r
’
s R
e
g
istr
a
ble
S
ec
urities that
a
re
a
ff
ec
ted
by su
c
h
R
e
g
istr
a
tion
Ev
e
nt,
f
o
r
the
p
e
riod
duri
n
g
whi
c
h
s
u
c
h
R
e
g
ist
r
a
tion
Ev
e
nt
c
ontinu
e
s
to
a
f
f
ec
t
su
c
h R
e
g
istr
a
ble
S
e
c
uritie
s
.
Notwithstanding
the
for
e
g
oi
n
g
,
the
ma
x
imum
a
mount
of
liquidat
e
d d
a
m
a
g
e
s
that may be
p
a
id
b
y the Comp
a
ny pur
s
u
a
nt
to
this
S
ec
tion
3(d) sh
a
ll
be
a
n
a
mount
e
qu
a
l
to
e
i
g
ht
p
e
r
c
e
nt
(
8
%
) of the
a
ppli
ca
b
l
e
f
o
re
g
oing
a
mount
with
r
e
sp
ec
t
to su
c
h Hol
d
e
r
’
s
R
e
g
istr
a
ble
S
ec
u
rities
t
h
a
t
a
r
e
a
ff
ec
ted
by
a
ll R
e
g
istr
a
tion
Events in the
a
ggreg
a
te. Ea
c
h
p
a
y
m
e
nt
of liquidat
e
d d
a
mag
e
s
purs
u
a
nt to this S
ec
tion
3(d) sh
a
ll
b
e
due
a
nd pay
a
ble
in
a
rr
e
a
rs
within five (5)
days
a
fter the
e
nd
o
f
e
a
c
h
full 3
0
-
day
p
e
riod
o
f the R
e
g
i
s
tr
a
tion
D
e
f
a
ult P
e
riod
until the te
r
min
a
tion of the R
e
g
istr
a
tion
Def
a
u
lt P
e
riod
a
nd within fi
v
e (5) days
a
ft
e
r
su
c
h te
r
min
a
tion.
Su
c
h
p
ay
m
e
nts
sh
a
ll
c
onstitute
the Hold
e
r
’
s
e
x
c
lusive
r
e
m
e
d
y
for
a
ny
R
e
g
istr
a
tion
Ev
e
nt. The R
e
g
ist
r
a
tion
D
e
f
a
ult P
e
riod
sh
a
ll te
r
min
a
te
upon the
e
a
rli
e
r
of su
c
h time
a
s the R
e
g
istr
a
ble
S
e
c
urities
that
a
re
a
f
f
e
c
t
e
d
b
y
the
R
e
g
istr
a
tion
Ev
e
nt
ce
a
se
to
be R
e
g
istr
a
ble
S
ec
urities
or
(i)
the
fili
n
g
of
the
R
e
g
istr
a
tion
Stat
e
ment
in
the
ca
se
of
c
lause
(
a
)
of
the
d
e
finition of R
e
g
istr
a
tion
Ev
e
nt, (i
i
) the SEC E
f
f
e
c
tive
D
a
te in the
ca
se of
c
lause
(b) of the d
e
finition of R
e
g
istr
a
tion
Ev
e
nt, (iii) the
a
bility
o
f
the Hold
e
rs to
e
f
f
ec
t
s
a
les purs
ua
nt to the R
e
g
istr
a
tion
Stat
e
ment in the
c
a
se
of
c
lause
(
c
)
o
f
the d
e
finition of R
e
g
istr
a
tion
E
v
e
nt,
a
nd
(iv) the listing or inclusion
a
nd/or tr
a
di
n
g
of the Common Stock
o
n
a
n Ap
p
rov
e
d
M
a
r
k
e
t,
a
s
the
ca
se
may
b
e
,
in the
ca
se
of
c
lause (
d
)
of
the
d
e
finition
of
R
e
g
istr
a
t
ion
Ev
e
nt.
The
a
mounts
p
a
y
a
ble
a
s liquidat
e
d d
a
m
a
g
e
s
p
u
rsu
a
nt to this S
ec
tion
3(d) sh
a
ll be p
a
y
a
ble
in la
w
ful mo
n
e
y
o
f the United Stat
e
s. Notwithstanding
the f
or
e
g
oi
n
g
,
the Company
w
ill
not
be li
a
ble for the p
a
y
m
e
nt
of liquidat
e
d d
a
m
a
g
e
s
d
e
s
c
ri
b
e
d
in this S
ec
tion 3(d) f
o
r
a
ny
d
e
l
a
y
in
re
g
istr
a
tion
of
R
e
gistr
a
ble
S
ec
u
rities that would othe
r
wise
b
e inc
l
ud
a
ble
in the R
e
g
istr
a
ti
o
n
Stat
e
ment pursu
a
nt to Rule 415 sole
l
y
a
s a r
e
sult of
a
c
omm
e
nt
re
ce
ived by the St
a
ff
r
e
q
uiring a limit on the
n
umber of
R
e
g
istr
a
ble
S
ec
u
r
ities
includ
e
d
in su
c
h
R
e
g
ist
r
a
tion
Stat
e
ment
in ord
e
r
for su
c
h
R
e
g
istr
a
tion
Stat
e
ment
to be
a
ble
to
a
v
a
il its
e
lf
of
R
ule 415. In t
h
e
e
v
e
nt
of
a
ny su
c
h
d
e
lay,
the Compa
n
y will use its
c
omm
e
r
c
ially
r
e
a
so
n
a
ble
e
f
f
o
rts
a
t
t
h
e
fi
r
st
opp
o
r
tuni
t
y
that is
p
e
rmi
t
ted
b
y
t
h
e
Commission
to re
g
ist
e
r
for r
e
s
a
le the R
e
g
istr
a
ble
S
ec
u
rities that h
a
ve
b
e
e
n
c
ut
b
ac
k f
r
om
b
e
ing
re
g
ist
e
red pursu
a
nt
to
Rule
415
on
l
y
with
r
e
sp
ec
t
to
that
portion
of
the
Hold
e
rs’
R
e
g
istr
a
ble
S
ec
urities
that
a
re
then R
e
g
ist
r
a
ble
Se
c
u
rities.
(e)
Oth
e
r
L
imit
a
tion
s
.
Not
w
ithstanding
the
p
rovisions
of
S
ec
tion
3
(d)
a
bov
e
, if
(i)
the
Com
m
ission
d
o
e
s
not
d
ec
la
r
e
the
R
e
gistr
a
tion
Stat
e
ment
e
f
f
e
c
tive
on
or
b
e
fo
r
e
the R
e
g
istr
a
tion
E
f
f
ec
tiv
e
n
e
s
s
D
a
te,
or
(ii)
the
Commission
a
llows
the
R
e
g
istr
a
tion
Stat
e
ment
to
be d
ec
lar
e
d
e
f
f
e
c
tive
a
t
a
n
y
time
b
e
fo
r
e
o
r
a
f
t
e
r
the
R
e
g
istr
a
tion
E
f
f
e
c
tiv
e
n
e
s
s
D
a
te,
subj
ec
t
to
the withdr
a
w
a
l
of
c
e
rt
a
in
R
e
g
istr
a
ble
S
e
c
urities f
r
om
the R
e
g
istr
a
tion
Stat
e
ment,
a
nd the re
a
son
for
(i)
or
(ii)
is
the
Commission’s
d
e
te
r
min
a
tion
t
h
a
t
(
x
)
the
off
e
ri
n
g
of
a
n
y
o
f
the
R
e
g
ist
r
a
ble
S
ec
urities
c
onstitutes
a
prim
a
r
y
o
f
f
e
ri
n
g
of
s
ec
u
rities
b
y the
Compa
n
y,
(
y) Rule
415
m
a
y not be r
e
li
e
d
upon for t
h
e
re
g
istr
a
tion
of the r
e
s
a
le
o
f
a
n
y
o
r
a
ll
o
f
the R
e
g
istr
a
b
l
e
S
ec
urities,
a
nd/or (z) a Hold
e
r
of
a
n
y
R
e
g
istrable S
ec
urities
must
b
e
n
a
med
a
s
a
n un
d
e
r
w
rit
e
r,
t
he Hold
e
rs und
e
rst
a
nd
a
nd
a
g
ree
that in the
c
a
se of (ii) the Compa
n
y
m
a
y (not
w
ithstandi
n
g
a
n
y
t
hi
n
g
to the
c
ontr
a
r
y
c
ontain
e
d h
e
r
e
in)
r
e
du
ce
, on a pro r
a
t
a
b
a
sis, t
h
e tot
a
l
number
o
f R
e
g
istr
a
ble
S
e
c
urities to be re
g
ist
e
r
e
d
on
b
e
h
a
lf
of
e
ac
h s
u
c
h
Hold
e
r,
a
nd in the
ca
se
of (i)
o
r (ii) t
h
e Hold
e
r
sh
a
ll not be
e
ntitl
e
d
to
l
iquid
a
ted d
a
mag
e
s
with r
e
sp
ec
t to
t
he
R
e
g
istr
a
ble
S
ec
u
rities not r
e
g
ist
e
r
e
d
for the r
e
a
son s
e
t
f
o
rth in (i)
or
s
o
r
e
du
ce
d on
a
pro
r
a
ta
b
a
sis
a
s
set
f
orth
a
bo
v
e
.
4.
R
e
g
istr
a
tion
Pr
o
ce
du
r
e
s
.
The
Compa
n
y
will k
ee
p
eac
h
Hold
e
r
re
a
son
a
b
l
y
a
dvised
a
s
to
the
filing
a
nd
e
f
f
e
c
tiv
e
n
e
ss
of
the
R
e
g
istr
a
ti
o
n
Stat
e
ment.
At
i
ts
e
x
p
e
nse
with
r
e
sp
ec
t
to
the R
e
g
istr
a
tion
Stat
e
ment,
t
he
Compa
n
y
will:
(a)
pr
e
p
a
r
e
a
nd
file
with the
Commission with r
e
sp
ec
t
to the
R
e
g
istr
a
ble
S
ec
urities,
a
R
e
g
ist
r
a
tion
Stat
e
ment
in
a
c
c
or
d
a
n
c
e
with
S
e
c
tion
(
a
)
a
.i.1
(
a
)
h
e
r
e
of,
a
nd
u
s
e
its
c
omm
e
r
c
ial
l
y
rea
so
n
a
ble
e
f
f
o
rts
to
ca
use
su
c
h
R
e
g
istr
a
tion
Stat
e
ment
to
b
ec
ome
e
ff
ec
tive
a
nd
to r
e
main
e
f
f
e
c
tive
for
the
E
f
f
e
c
tiv
e
n
e
ss
P
e
riod;
(b)
if
the
R
e
g
istr
a
tion
Stat
e
ment
is
su
b
je
c
t
to
r
e
view
b
y
the
Commission, prompt
l
y
r
e
spond
to
a
ll
c
omm
e
nts
a
nd
dili
g
e
nt
l
y
pursue
r
e
solution
of
a
n
y
c
omm
e
nts
to
the s
a
tisf
a
c
tion
of
the Commission;
(c)
pr
e
p
a
r
e
a
nd
file
with
the
Commi
s
sion
su
c
h
a
me
n
dments
a
nd
suppl
e
ments
to
su
c
h
R
e
g
ist
r
a
tion
Stat
e
ment
a
s
m
a
y
b
e
n
e
ce
ssa
r
y
to
k
ee
p
su
c
h
R
e
g
istr
a
tion
Stat
e
ment
e
f
f
e
c
tive
duri
n
g
the
E
f
fe
c
tiv
e
n
e
ss
P
e
riod;
(d)
fu
r
nish,
without
c
h
a
r
g
e
,
to
eac
h
Hold
e
r
of
R
e
g
is
t
r
a
ble
S
ec
u
rities
c
ov
e
r
e
d
b
y
su
c
h
R
e
g
istr
a
tion
Stat
e
ment
(i)
a
re
a
son
a
ble
n
u
mber
of
c
opies
of
su
c
h
R
e
g
ist
r
a
tion
Stat
e
ment (in
c
luding
a
n
y
e
x
hibits
t
h
e
r
e
to
other
than
e
x
hibi
t
s
inco
r
por
a
ted
b
y
r
e
f
e
re
n
ce
),
e
ac
h
a
mendm
e
nt
a
nd
suppl
e
ment
the
r
e
to
a
s
su
c
h
Hold
e
r
m
a
y
r
e
a
s
o
n
a
b
l
y
r
e
q
u
e
st,
(ii)
su
c
h
number
of
c
opies
of
the prosp
e
c
tus
includ
e
d
in
s
u
c
h
R
e
g
istr
a
tion
Stat
e
ment
(in
c
luding
ea
c
h
pr
e
limin
a
r
y
prospe
c
tus
a
nd
a
n
y
other
pros
p
ec
tus
fil
e
d
und
e
r
Rule
424
of
t
h
e
S
ec
urities
A
c
t)
a
s
su
c
h
H
olde
r
s
m
a
y
re
a
son
a
b
l
y
r
e
qu
e
st, in
c
onf
o
rmi
t
y
with the
r
e
quir
e
ments
o
f t
h
e
S
ec
u
rities A
c
t,
a
nd
(iii) su
c
h
oth
e
r d
o
c
uments
a
s su
c
h Hold
e
r
m
a
y re
a
son
a
b
l
y
r
e
qui
r
e to
c
o
nsummate
the disposition of the R
e
g
istr
a
ble
S
ec
urities own
e
d
b
y
su
c
h
Hold
e
r,
but on
l
y d
u
ring
t
he
E
f
fe
c
tiv
e
n
e
ss
P
e
riod;
(e)
use
its
c
omm
e
r
c
ial
l
y
r
ea
son
a
ble
e
f
fo
r
ts
to
re
g
ist
e
r
or
q
u
a
li
f
y
su
c
h re
g
istr
a
tion
und
e
r
s
u
c
h
other
a
ppli
ca
b
l
e
s
ec
u
rities
la
w
s
of
s
u
c
h
jurisdi
c
tions
within
the
United Stat
e
s
a
s
a
ny Hold
e
r of
R
e
g
ist
r
a
ble
Se
c
urities
c
ov
e
r
e
d
by su
c
h R
e
g
ist
r
a
tion
Stat
e
ment
rea
son
a
bly
r
e
qu
e
sts
a
nd
a
s
may
be
n
ece
ss
a
r
y
f
o
r the ma
r
k
e
t
a
bili
t
y
of t
h
e
R
e
g
istr
a
b
l
e
S
ec
urities
(
su
c
h
r
e
qu
e
st
to be made
b
y
the ti
m
e
the
a
ppli
ca
ble R
e
g
is
t
r
a
tion
Stat
e
ment is d
ee
med
e
f
f
e
c
tive
by
the Commission)
a
nd do
a
n
y
a
nd
a
ll other
ac
ts
a
n
d thin
g
s
n
e
c
e
ssa
r
y
to
e
n
a
ble su
c
h
Hold
e
r to
c
onsummate the disposi
t
ion
in su
c
h jurisdi
c
tions
of the
R
e
g
istr
a
ble
S
ec
u
rities own
e
d
by su
c
h Hold
e
r;
provid
e
d
,
that t
h
e Compa
n
y s
h
a
ll
not be r
e
quir
e
d to (i) q
u
a
li
f
y
g
e
n
e
r
a
lly
to do busin
e
ss in
a
n
y
jurisdi
c
tion where it would not othe
r
wise
be
r
e
qui
r
e
d
to qu
a
li
f
y
but for
this p
a
ra
g
r
a
ph,
(ii) subj
ec
t its
e
lf to t
a
x
a
tion
in
a
n
y su
c
h
jurisdi
c
tion, or (iii)
c
ons
e
nt
to
g
e
n
e
ral
s
e
rvi
c
e of proc
e
ss
in
a
n
y s
u
c
h
jurisdi
c
tion.
(f)
a
s
prompt
l
y
a
s
pr
a
cti
c
a
ble
a
ft
e
r
b
e
c
oming
a
w
a
re
o
f
su
c
h
e
v
e
nt,
noti
f
y
e
a
c
h
Hold
e
r
of
R
e
g
istr
a
b
l
e
S
ec
urities,
the
disposition
of
whi
c
h
r
e
quir
e
s
d
e
liv
e
r
y
o
f
a
prosp
e
c
tus r
e
lating
th
e
r
e
to
und
e
r
t
h
e
S
ec
urities
A
c
t,
of
the
h
a
pp
e
ni
n
g
of
a
ny
e
v
e
nt,
whi
c
h
c
omes
to
the Compa
n
y’s
a
tt
e
ntion,
th
a
t will
a
ft
e
r
the o
cc
u
r
r
e
n
c
e
of su
c
h
e
v
e
nt
ca
use t
h
e prosp
e
c
tus
includ
e
d in su
c
h R
e
g
istr
a
tion
Stat
e
ment, if not
a
m
e
nd
e
d
o
r suppl
e
ment
e
d,
to
c
ont
a
in
a
n
untrue s
t
a
tem
e
nt
of
a
mat
e
ri
a
l
f
ac
t or
a
n
o
mission to state
a
mat
e
ri
a
l f
a
c
t
r
e
quir
e
d
to be
sta
t
ed the
r
e
in
or
n
ece
s
s
a
r
y
to make
the stat
e
ments the
r
e
in
not misle
a
ding
a
nd the Compa
n
y
s
h
a
ll prompt
l
y
th
e
r
e
a
ft
e
r
pr
e
p
a
r
e
a
nd fu
r
nish to su
c
h
Hold
e
r a suppl
e
me
n
t
or
a
mendm
e
nt to su
c
h
prosp
e
c
tus (or p
r
e
p
a
r
e
a
nd
file
a
ppro
p
ri
a
te
r
e
p
orts
und
e
r
the
E
x
c
h
a
n
g
e
A
c
t) so
that,
a
s
the
r
ea
ft
e
r
d
e
liv
e
r
e
d
to
the Subs
c
rib
e
r
s
of su
c
h R
e
g
istr
a
ble
S
ec
urities, su
c
h
p
rosp
e
c
tus
sh
a
ll not
c
onta
i
n
a
n untrue stat
e
m
e
nt
of a mat
e
ri
a
l
f
ac
t
or om
i
t to state
a
ny mat
e
ri
a
l
fa
c
t r
e
qui
r
e
d
to be sta
t
e
d
t
h
e
r
e
in
or n
e
c
e
ssa
r
y
to make the
stat
e
m
e
n
t
s
th
e
r
e
in not misle
a
din
g
,
unless
suspension
of the
u
se of su
c
h
p
rosp
e
c
tus
othe
r
wise
is
a
uthori
z
e
d
h
e
r
e
in
or
in
the
e
v
e
nt
of
a
B
la
c
kout
P
e
riod,
in
whi
c
h
ca
se
no
suppl
e
ment or
a
mendm
e
nt
n
ee
d
b
e
f
urnish
e
d
(or
E
x
c
h
a
n
ge
A
c
t
filing
m
a
d
e
)
until
t
he
te
r
min
a
tion
of
s
u
c
h
suspension or
B
l
a
c
kout
P
e
riod;
(g)
c
omp
l
y
,
a
nd
c
ontinue
to
c
omp
l
y
duri
n
g
the
E
f
f
ec
tiv
e
n
e
ss
P
e
riod,
in
a
ll mat
e
ri
a
l
r
e
s
p
ec
ts
with
the
S
ec
urities
A
c
t
a
nd
t
h
e
E
x
c
h
a
n
g
e
A
c
t
a
nd
with
a
ll
a
ppli
ca
ble
rul
e
s
a
nd
re
g
ulations
of the Co
m
mission
with r
e
sp
ec
t
to
t
he disposition
of
a
ll
s
ec
urities
c
ov
e
r
e
d
by su
c
h R
e
g
istr
a
tion
Stat
e
ment;
(h)
a
s
prompt
l
y
a
s
pr
a
c
ti
c
a
ble
a
ft
e
r
b
e
c
oming
a
w
a
re
o
f
su
c
h
e
v
e
nt,
noti
f
y
e
a
c
h
Hold
e
r
of
R
e
g
istr
a
ble
S
e
c
urities
b
e
ing
o
f
f
e
r
e
d
or
sold
pursu
a
nt
to
the
R
e
g
istr
a
tion
Stat
e
ment
of the
issu
a
n
c
e
b
y
t
h
e
Commission
of
a
n
y
stop
o
r
d
e
r
or
other
suspension
of
e
ff
ec
tiv
e
n
e
ss
of
the R
e
g
istr
a
tion
Stat
e
ment;
(i)
use
its
c
omm
e
r
c
ial
l
y
r
ea
son
a
ble
e
f
f
orts
to
c
a
use
a
ll
the
R
e
g
istr
a
b
l
e
S
ec
urities
c
ov
e
r
e
d
b
y
t
h
e
R
e
g
ist
r
a
tion
Stat
e
ment
to
be
quoted
on
the
O
TC
M
a
rk
e
ts
G
r
o
up
or su
c
h other prin
c
i
p
a
l
s
ec
u
rities ma
r
k
e
t
or quotati
o
n
s
ystem on whi
c
h
s
ec
u
r
ities
of the s
a
me
c
lass or s
e
ri
e
s
issu
e
d
b
y the
C
ompa
n
y
a
re
then list
e
d
or
tr
a
d
e
d
or
q
uoted;
(j)
provide a
t
r
a
nsfer
a
g
e
nt
a
nd
re
g
istr
a
r,
whi
c
h
m
a
y
be
a
si
n
g
le
e
nti
t
y
,
f
o
r
the sh
a
r
e
s
of Common
S
tock
a
t all tim
e
s;
(k)
c
oop
e
r
a
t
e
with
the
Hold
e
rs
of
R
e
g
istr
a
ble
S
ec
urities
b
e
i
n
g
off
e
red pursu
a
nt
to
the
R
e
g
istr
a
t
ion
Stat
e
ment
to
issue
a
nd
d
e
liv
e
r,
or
ca
u
s
e
its
tr
a
nsfer
a
g
e
nt
to
issue
a
nd
d
e
liv
e
r,
c
e
rtifi
c
a
tes
r
e
p
r
e
s
e
nti
n
g
R
e
g
ist
r
a
b
le
S
ec
urit
i
e
s
to
be
off
e
r
e
d
pursu
a
nt
to
the R
e
g
istr
a
tion
Stat
e
ment
w
ithin
a
r
e
a
son
a
ble
time
a
f
ter
the
d
e
liv
e
ry
of
ce
rtif
i
ca
tes
r
e
p
r
e
s
e
nti
n
g
the R
e
g
istr
a
ble
S
ec
urities to the tr
a
ns
f
e
r
a
g
e
nt
or the Company,
a
s
a
ppli
c
a
ble,
a
nd
e
n
a
ble
s
u
c
h
ce
rtifi
c
a
tes
to be in su
c
h d
e
n
o
min
a
tions
or
a
mo
u
nts
a
s
the Hold
e
rs m
a
y
r
ea
son
a
bly
r
e
q
u
e
st
a
nd re
g
ist
e
r
e
d
in su
c
h
n
a
mes
a
s the
H
olde
r
s
may
r
e
qu
e
st;
(l)
during
the
E
f
f
e
c
tiv
e
n
e
ss
P
e
riod,
r
e
fr
a
in
f
r
om
b
i
dding
for
o
r
pur
c
h
a
si
n
g
a
n
y
Common
Stock
o
r
a
n
y
ri
g
ht
to
pur
c
h
a
se
C
o
mmon
Stock
or
a
tt
e
mpting
to
ind
u
c
e
a
n
y
p
e
rson to
pur
c
h
a
se
a
n
y
su
c
h
s
e
c
uri
t
y
or
r
i
g
ht
if
su
c
h
bid,
pur
c
h
a
se
o
r
a
tt
e
mpt
would
in
a
n
y
way
limit
the ri
g
ht
of the Hold
e
rs to
s
e
ll
R
e
g
istr
a
ble
S
ec
ur
i
ti
e
s
b
y r
e
a
son
of the limitations s
e
t fo
r
th
i
n
R
e
g
ulation M of the
E
x
c
h
a
nge
A
c
t;
a
nd
(m)
ta
k
e
a
ll
ot
h
e
r
c
omm
e
r
c
i
a
l
l
y
r
e
a
so
n
a
ble
ac
tions
n
ece
ss
a
r
y
to
e
n
a
ble
the Hold
e
rs
to
s
e
ll
the
R
e
gistr
a
ble
S
ec
u
rities
b
y
m
ea
n
s
of
the
R
e
gistr
a
tion
Stat
e
ment
duri
n
g
the
te
r
m of this Ag
r
ee
ment.
|
|
5.
|
Obli
g
a
tions of the
Hol
d
e
rs
.
|
(a)
E
a
c
h
Hold
e
r
a
g
r
ee
s
that,
upon
r
e
ce
ipt
of
a
n
y
noti
c
e
f
r
om
the
Compa
n
y
of the
h
a
pp
e
ni
n
g
of
a
n
y
e
v
e
nt
of
the
kind
d
e
s
c
rib
e
d
in
S
ec
tion
4(
f
)
h
e
r
e
of
or
of
the
c
omm
e
n
ce
m
e
nt
of
a
B
l
a
c
kout
P
e
riod,
s
u
c
h
Hold
e
r sh
a
ll disco
n
tinue
the
disposition of R
e
g
istr
a
ble
S
e
c
u
rities
includ
e
d in the R
e
g
ist
r
a
tion
Stat
e
ment until
s
u
c
h
Hold
e
r
’
s r
e
c
e
ipt
o
f the
c
opies
o
f
the suppl
e
ment
e
d
or
a
mended
prosp
e
c
tus
c
ontemplat
e
d
b
y
S
ec
tion
4(f)
h
e
r
e
of
or
noti
c
e
o
f
the
e
nd
of the
B
l
a
c
kout
P
e
riod,
a
n
d,
if so di
r
ec
ted
b
y
the Compa
n
y, su
c
h Hold
e
r
sh
a
ll d
e
liv
e
r
to the
Compa
n
y
(
a
t
the
Com
p
a
n
y
’
s
e
x
p
e
ns
e
)
a
ll
c
op
i
e
s
(in
c
ludi
n
g
,
without
limitation,
a
n
y
a
nd
a
ll
dr
a
fts),
other
than
p
e
r
m
a
n
e
nt
file
c
opies,
then
i
n
su
c
h
Hold
e
r
’
s
posses
s
ion,
of
the
prosp
e
c
tus
c
ov
e
ri
n
g
su
c
h R
e
g
istr
a
b
l
e
S
ec
urities
c
u
r
r
e
nt
at the
time of
r
e
c
e
ipt
of su
c
h
n
oti
ce
.
(b)
The
Hold
e
rs
of
the
R
e
g
i
str
a
ble
S
ec
urities
sh
a
ll
provide
su
c
h
info
r
mation
a
s
m
a
y
r
e
a
so
n
a
b
l
y
b
e
r
e
qu
e
sted
b
y
the
Comp
a
n
y
,
or
the
ma
na
g
i
n
g
und
e
r
w
rit
e
r,
if
a
n
y
,
in
c
onn
ec
tion
w
ith
the pr
e
p
a
r
a
tion
of
a
n
y
re
g
istr
a
tion
stat
e
ment, including
a
mendm
e
nts
a
nd suppl
e
ments the
r
e
to,
in ord
e
r to
e
ff
ec
t
t
h
e
re
g
istr
a
tion
of
a
n
y R
e
g
istr
a
b
l
e
S
ec
urities un
d
e
r
t
h
e S
ec
urities A
c
t
pursu
a
nt to S
ec
tion (
a
)
a
.i.1
(
a
)
a
nd/or (
a
)
a
.i.1(b)
o
f this A
g
r
ee
ment
a
nd in
c
onn
ec
tion
with the Compa
n
y
’
s
obli
g
a
tion to
c
o
m
p
l
y
with f
e
d
e
r
a
l
a
nd
a
pp
l
ic
a
ble
state s
ec
u
rities la
w
s,
including a
c
ompl
e
ted qu
e
stionn
a
ire
in the
f
orm
a
tt
ac
h
e
d
to this
A
g
r
e
e
ment
a
s An
n
e
x
A (a
“
S
e
lli
n
g
S
ec
u
r
ityhol
d
e
r
Q
u
e
stionnair
e
”
)
or
a
n
y
upd
a
te
ther
e
to
not la
t
e
r
t
h
a
n
three (
3
)
B
usiness Da
y
s
following a
r
e
qu
e
st
the
r
e
fore
f
r
om the
Com
p
a
n
y
.
(c)
E
a
c
h
Hold
e
r,
b
y
its
a
cc
e
ptan
c
e
o
f
the
R
e
g
istrable
S
ec
urities,
a
g
r
ee
s
to
c
oop
e
r
a
t
e
with
t
he
Compa
n
y
a
s
r
ea
son
a
b
l
y
r
e
q
u
e
sted
b
y
the
Compa
n
y
i
n
c
onn
ec
tion
with
the pr
e
p
a
r
a
tion
a
nd filing
o
f
a
n
y
R
e
g
istr
a
tion
Stat
e
m
e
nt
h
e
r
e
und
e
r,
unless s
u
c
h Hold
e
r
h
a
s notifi
e
d the Compa
n
y
in w
r
iti
n
g of its
e
l
e
c
tion
to
e
x
c
lude
a
ll of its R
e
g
ist
r
a
ble
S
ec
urities
f
rom su
c
h
R
e
g
istr
a
tion
Stat
e
ment.
6.
R
e
g
istr
a
tion
E
x
p
e
ns
e
s
.
The
Compa
n
y
sh
a
ll
p
a
y
a
ll
e
x
p
e
ns
e
s
in
c
onn
ec
t
i
on
with
a
n
y
re
g
istr
a
tion
oblig
a
tion
provid
e
d
h
e
r
e
in,
includin
g
,
without
limitation,
a
ll
re
g
istr
a
tion,
filing, stock
e
x
c
h
a
n
g
e
fe
e
s, p
r
inting
e
x
p
e
ns
e
s,
a
ll
f
e
e
s
a
nd
e
x
p
e
ns
e
s
of
c
omp
l
yi
n
g
with
a
ppli
ca
ble s
ec
urities
la
w
s,
a
nd the
fe
e
s
a
nd
disburs
e
m
e
nts
of
c
oun
s
e
l
for
the Compa
n
y
a
nd
o
f
its indep
e
nd
e
nt
a
cc
ountant
s
;
provid
e
d
,
that,
in
a
n
y
und
e
r
w
ritten re
g
istr
a
ti
o
n,
the Compa
n
y sh
a
ll h
a
ve
no obli
g
a
tion to p
a
y
a
n
y
u
n
d
e
r
w
riti
n
g
discounts, s
e
lling
c
ommissions
or tr
a
nsf
e
r ta
x
e
s
a
ttribut
a
ble
to the
R
e
g
is
t
r
a
ble
S
ec
u
rities
b
e
i
n
g
s
o
ld
b
y
the
Hold
e
rs
t
h
e
r
e
o
f,
whi
c
h
und
e
r
w
riti
n
g
discounts, s
e
lling
c
ommissions
a
nd
tr
a
nsf
e
r ta
x
e
s
sh
a
ll be borne
b
y su
c
h
H
olde
r
s. Addition
a
l
l
y,
in
a
n und
e
r
w
ritten
of
f
e
r
i
n
g
,
a
ll s
e
lling stockhold
e
rs
a
nd the Compa
n
y
s
h
a
ll b
ea
r
the
e
x
p
e
ns
e
s
of the
und
e
r
w
rit
e
r
pro
r
a
ta
in
prop
o
rtion
to
the
r
e
s
p
ec
tive
a
mount
of sh
a
r
e
s
eac
h
is
s
e
lli
n
g
in
su
c
h of
f
e
ri
n
g
.
E
x
ce
pt
a
s
p
ro
v
ided in this S
ec
tion
6
a
nd S
ec
tion 8
o
f
this
A
g
r
ee
ment,
the Compa
n
y sh
a
ll not be
r
e
sponsible
for the
e
x
p
e
ns
e
s
of
a
n
y
a
ttorn
e
y or oth
e
r
a
dvisor empl
o
y
e
d
b
y a
Hold
e
r.
7.
Assi
g
nment
of
Ri
g
ht
s
.
No
Hold
e
r
m
a
y
a
s
s
i
g
n
its
ri
g
hts
und
e
r
this
A
g
re
e
ment
to
a
n
y
p
a
r
t
y
without
the
pr
i
or
w
r
itten
c
on
s
e
nt
of
t
h
e
Compa
n
y
;
provid
e
d
,
h
o
w
e
v
er
,
that
a
n
y
Hold
e
r m
a
y
a
ssi
g
n
its
r
i
g
hts
un
d
e
r this
A
g
re
e
ment
without su
c
h
c
ons
e
nt
to a P
e
r
mitt
e
d
Assi
g
n
e
e
a
s lo
n
g
a
s
(
a
) su
c
h t
r
a
nsfer
or a
s
si
g
nment is
e
f
f
e
c
ted
in
a
cc
ord
a
n
c
e
with
a
ppli
ca
b
l
e
s
ec
urities la
w
s; (b) su
c
h
tr
a
ns
f
e
ree
or
a
ssi
g
n
e
e
a
gr
e
e
s
in w
r
iting to b
e
c
ome
bound
b
y
a
nd
subj
ec
t to the
t
e
rms
of this Ag
r
ee
ment;
a
nd
(
c
)
su
c
h
Hold
e
r
notifi
e
s the
Compa
n
y
in w
r
iti
n
g
of
su
c
h
t
r
a
nsfer
or
a
s
s
i
g
nment,
stating the n
a
me
a
nd
a
ddr
e
ss
of the
t
r
a
nsfer
e
e
or
a
ssi
g
n
e
e
a
nd
ident
i
f
y
i
n
g
t
h
e
R
e
g
istr
a
ble
S
ec
urities with
r
e
sp
ec
t
t
o whi
c
h su
c
h
r
i
g
hts
a
re
b
e
ing tr
a
ns
f
e
rr
e
d
or
a
ssi
g
n
e
d.
T
h
e Compa
n
y m
a
y
a
ssi
g
n this
A
g
re
e
ment
or
a
n
y ri
g
hts
o
r
o
bli
g
a
tions
h
e
r
e
un
d
e
r
without the prior
w
ritten
c
ons
e
nt
of the
o
ther
p
a
r
t
y
h
e
r
e
to.
|
|
8.
|
I
n
d
e
mnifi
c
a
tio
n
.
|
(a)
I
n
the
e
v
e
nt
of
the
of
f
e
r
a
nd
s
a
le
of
R
e
g
ist
ra
ble
S
ec
urities
und
e
r
the S
ec
urities
A
c
t,
the
Compa
n
y
sh
a
ll,
a
nd
h
e
r
e
b
y
d
o
e
s,
indemni
f
y
a
nd
hold
h
a
rml
e
ss,
to
the
full
e
st
e
x
tent
p
e
rmitt
e
d
b
y
la
w
,
eac
h
Hold
e
r,
its dir
e
c
t
o
rs,
of
f
ic
e
rs,
p
a
rtn
e
rs,
a
nd
eac
h
other p
e
rson,
if
a
n
y,
who
c
ontrols or is und
e
r
c
ommon
c
ontrol
with su
c
h
Hold
e
r
within the
me
a
ni
n
g
of S
ec
tion 15 of the S
ec
urities A
c
t,
a
g
a
inst
a
n
y loss
e
s,
c
l
a
ims,
d
a
ma
g
e
s
or li
a
bili
t
ies, joint or s
e
v
e
r
a
l,
a
nd
e
x
p
e
ns
e
s
to whi
c
h the Hold
e
r or
a
n
y
su
c
h d
i
re
c
tor,
of
f
i
c
e
r,
p
a
rtner or
c
ontrolling
p
e
rson m
a
y b
ec
ome
subj
ec
t und
e
r
t
h
e S
ec
urities
A
c
t or
otherwis
e
,
insof
a
r
a
s
su
c
h
loss
e
s,
c
laims,
d
a
mag
e
s,
li
a
bilities or
e
x
p
e
ns
e
s
(
o
r
a
c
tions
or
p
ro
c
e
e
di
n
g
s,
wh
e
th
e
r
c
omm
e
n
ce
d
or thr
e
a
ten
e
d,
in
r
e
sp
e
c
t
the
r
e
of)
a
rise
out of or
a
re
b
a
s
e
d
upon
a
n
y
untrue stat
e
ment
of
a
n
y
mat
e
ri
a
l f
a
c
t
c
ontain
e
d
in
a
n
y re
g
istr
a
tion
stat
e
ment p
r
e
p
a
r
e
d
a
nd fil
e
d
b
y
the Compa
n
y und
e
r whi
c
h
R
e
g
istr
a
ble
S
e
c
urities w
e
re
re
g
iste
r
e
d
und
e
r
t
he S
ec
urities
A
c
t,
a
n
y
pr
e
limin
a
ry pros
p
ec
tu
s
,
fin
a
l prospe
c
tus or summ
a
r
y
p
rosp
e
c
tus
c
o
ntain
e
d
the
r
e
in,
o
r
a
n
y
a
mendm
e
nt or suppl
e
ment
the
r
e
to, or
a
n
y
omission
to
s
tate the
r
e
in
a mat
e
ri
a
l fa
c
t
r
e
qui
r
e
d
to be stat
e
d
or n
ece
s
s
a
ry
t
o
make the
stat
e
ments the
r
e
in
in
li
g
ht
o
f the
c
i
r
c
umst
a
n
ce
s
in
whi
c
h
th
e
y
w
e
re
made not
misle
a
d
in
g
,
a
nd
t
h
e
Compa
n
y sh
a
ll r
e
imburse
t
h
e
Hol
d
e
r,
a
nd
e
a
c
h
su
c
h
dire
c
tor,
o
f
fic
e
r,
p
a
rtner
a
nd
c
o
n
trolling
p
e
rson
for
a
n
y
leg
a
l
or
a
n
y ot
h
e
r
e
x
p
e
ns
e
s
r
e
a
son
a
bly
incurred
b
y th
e
m
in
c
onn
ec
ti
o
n
with
investi
g
a
tin
g
,
d
e
f
e
ndi
n
g
or s
e
ttling
a
n
y
su
c
h loss,
c
laim, d
a
m
a
g
e
,
li
a
bility,
ac
tion or pro
c
ee
di
n
g
;
provid
e
d, how
e
v
er
,
that
su
c
h
ind
e
mni
t
y
a
g
re
e
ment
found in this
S
ec
tion 8(
a
)
sh
a
ll in no
e
v
e
nt
e
x
cee
d
the n
e
t
pro
c
e
e
ds
f
r
om
the O
f
fering
r
e
c
e
ived
b
y
t
he
Compa
n
y;
a
n
d
pro
v
ided
fu
r
the
r
,
that
the Compa
n
y
sh
a
ll not
be li
a
ble
in
a
n
y
su
c
h
ca
se
(i) to
the
e
x
tent
that
a
n
y
s
u
c
h
loss,
c
laim,
d
a
ma
g
e
,
li
a
bility
(or
a
c
tion
or pro
c
ee
di
n
g
in
r
e
sp
ec
t
the
r
e
o
f)
or
e
x
p
e
nse
a
ris
e
s
out
o
f or is b
a
s
e
d
upon
(
x
)
a
n
untrue stat
e
ment
in or
omission
f
r
om
su
c
h
r
e
g
ist
r
a
tion
stat
e
ment,
a
n
y
su
c
h
p
r
e
limin
a
ry
prosp
e
c
tus, fin
a
l
p
rosp
e
c
tus,
summ
a
r
y
p
rosp
e
c
tu
s
,
a
mendm
e
nt or suppl
e
ment
in r
e
li
a
n
c
e
upon
a
nd
in
c
onfo
r
mi
t
y
with
w
r
it
t
e
n
info
r
mation
fu
r
n
i
sh
e
d
b
y
a Hold
e
r
to
the
Compa
n
y
for u
s
e in
the pr
e
p
a
r
a
tion
the
r
e
o
f
or (
y
) the f
a
ilu
r
e
of a Hold
e
r to
c
omply with the
c
o
v
e
n
a
nts
a
nd
a
g
r
ee
ments
c
ontain
e
d
in S
ec
tion 5 h
e
r
e
of
r
e
sp
e
c
ting
the
s
a
le
of
R
e
g
istr
a
b
l
e
S
ec
uriti
e
s; or
(ii)
if
the
p
e
rson
a
sse
r
ting
a
n
y
su
c
h
loss,
c
laim,
d
a
m
a
g
e
,
li
a
bility
(
or
ac
tion
or proc
ee
di
n
g
in
r
e
sp
ec
t
ther
e
of) w
h
o pur
c
h
a
s
e
d
the R
e
g
istr
a
b
l
e
S
ec
urities that
a
re the subj
ec
t
the
r
e
o
f
did not r
e
ce
i
v
e
a
c
o
p
y of
a
n
a
mend
e
d
pr
e
liminary p
r
osp
ec
tus
or
the
fin
a
l
prosp
e
c
tus (or the
fin
a
l pr
o
sp
ec
tus
a
s
a
mend
e
d
or suppl
e
ment
e
d)
a
t
or
prior to the
w
r
itten
c
onfi
r
m
a
tion
of the
s
a
le
o
f su
c
h
R
e
g
istr
a
ble
S
e
c
urities
to su
c
h p
e
rson
b
eca
u
s
e
of the f
a
ilure
o
f su
c
h
Hol
d
e
r to so provide s
u
c
h
a
mend
e
d pr
e
limin
a
ry
o
r fin
a
l
prosp
e
c
tus
a
nd
t
h
e
untrue stat
e
ment
or
omi
s
sion
of
a
mat
e
ri
a
l
f
ac
t
m
a
de
in
su
c
h
p
r
e
limin
a
r
y
prosp
e
c
tus w
a
s
c
o
r
r
e
c
t
e
d
in
the
a
mend
e
d
pr
e
limin
a
ry
o
r fin
a
l
prosp
e
c
tus
(
o
r the fin
a
l
prosp
e
c
tus
a
s
a
mend
e
d
or suppl
e
m
e
nted
)
.
Su
c
h
indemnity s
h
a
ll
r
e
main
in
full
fo
r
c
e
a
nd
e
f
f
e
c
t
re
g
a
rdl
e
ss
of
a
n
y
invest
i
g
a
tion
made
b
y
or on b
e
h
a
lf
of the Hold
e
rs, or
a
n
y
su
c
h dire
c
tor, of
f
ic
e
r,
p
a
rt
n
e
r
or
c
ontrolling
p
e
rson
a
nd s
h
a
ll
survive
the t
ra
ns
f
e
r
of su
c
h sh
a
r
e
s
b
y the
Hold
e
r.
(b)
As
a
c
ondition
to
inc
l
udi
n
g
R
e
g
istr
a
ble
S
ec
u
r
ities
in
a
n
y
re
g
istr
a
tion
stat
e
ment
fil
e
d
p
u
rsu
a
nt
to
this
Ag
r
ee
m
e
nt,
e
ac
h
Hold
e
r
a
g
re
e
s
to
b
e
bo
u
nd
b
y
the
te
r
ms
of
this S
ec
tion
8
a
nd to inde
m
ni
f
y
a
nd hold h
a
rml
e
ss,
to the full
e
st e
x
tent
p
ermitt
e
d
b
y la
w
, the Compa
n
y,
ea
c
h of
its dir
e
c
tors,
o
f
f
icers,
p
a
rt
n
e
rs,
l
e
g
a
l
c
oun
s
e
l
a
nd
acc
ountants
a
nd
eac
h
und
e
r
w
rit
e
r,
if
a
ny,
a
nd
e
ac
h
oth
e
r
p
e
rson,
if
a
ny, who
c
ontrols
the Comp
a
n
y
within
the
me
a
ni
n
g
of S
ec
tion 15 of t
h
e S
e
c
urities
A
c
t,
a
g
a
inst
a
ny loss
e
s,
c
laims,
d
a
m
a
g
e
s
or li
a
bilities, joint or s
e
v
e
r
a
l,
to whi
c
h
the
Compa
n
y
or
a
ny
su
c
h
dire
c
t
or
or
of
f
ic
e
r
or
c
ontrolling p
e
rson
may
b
e
c
ome
subj
ec
t
und
e
r
the
S
ec
u
r
ities
A
c
t
or
othe
r
wi
s
e
,
insof
a
r
a
s
s
u
c
h
loss
e
s
,
c
laims,
d
a
m
a
g
e
s
o
r
li
a
bilities
(or
ac
tio
n
s
o
r
p
ro
c
ee
di
n
g
s,
wh
e
th
e
r
c
o
m
men
c
e
d
o
r
th
r
ea
ten
e
d,
in
r
e
sp
e
c
t
ther
e
of)
a
ri
s
e
out
of
or
a
re
b
a
s
e
d
upon
a
n
y
untrue
stat
e
ment
of
a
mat
e
ri
a
l
f
a
c
t
or
a
n
y
o
mission
of
a
mat
e
ri
a
l
f
a
c
t r
e
qui
r
e
d
to be sta
t
e
d in
a
n
y
re
g
istr
a
tion stat
e
ment,
a
n
y pr
e
limi
n
a
ry
p
rosp
e
c
tu
s
,
fin
a
l prosp
e
c
tus,
summ
a
r
y p
r
osp
ec
tus,
a
mendm
e
nt or suppl
e
ment
the
r
e
to or n
ece
ss
a
ry
to make the stat
e
ments
the
r
e
in
not
misle
a
din
g
,
to
t
h
e
e
x
t
e
nt
that
su
c
h
untr
u
e sta
t
e
ment
or omission
is includ
e
d
or omitt
e
d
in
r
el
ian
c
e upon
a
nd
in
c
onformi
t
y
with
w
r
itten
info
r
m
a
tion
fu
r
nished
b
y
the Hold
e
r to the Compa
n
y for use
in the pr
e
p
a
r
a
ti
o
n
the
r
e
of,
a
nd
su
c
h Hold
e
r sh
a
ll
r
e
imburse the Compa
n
y,
a
nd
su
c
h
Hold
e
rs,
dir
e
c
tors,
of
f
i
ce
rs,
p
a
rtn
e
rs,
l
e
g
a
l
c
ouns
e
l
a
nd
acc
ountants,
p
e
rson
s
, und
e
r
w
rit
e
rs,
or
c
ontrol
p
e
rsons,
e
ac
h
s
u
c
h
dir
e
c
t
or,
of
f
icer,
a
nd
c
ontrolling
p
e
rson
f
o
r
a
n
y
l
e
g
a
l
or other
e
x
p
e
ns
e
s
r
e
a
so
n
a
b
l
y
incurr
e
d
b
y t
h
e
m
in
c
onn
ec
tion with inves
t
i
g
a
ti
n
g
,
d
e
f
e
ndin
g
,
or s
e
ttling
a
n
y
s
u
c
h loss,
c
laim,
d
a
mag
e
, li
a
bility,
ac
tion, or pro
c
e
e
di
n
g
;
provid
e
d
,
how
e
v
er
,
th
a
t indemnity oblig
a
tion
c
o
n
tain
e
d
in this
S
ec
tion
8(b)
sh
a
ll in no ev
e
nt
e
x
cee
d
the
a
mount of the
n
e
t
pro
c
ee
ds re
ce
ived
b
y su
c
h Hold
e
r
a
s a r
e
sult of
t
he
s
a
le
o
f su
c
h
Hold
e
r
’
s R
e
g
istr
a
ble
S
ec
urities pursu
a
nt to su
c
h
re
g
istration stat
e
ment,
e
x
ce
pt
in the
ca
s
e of f
r
a
ud
o
r willful mis
c
ondu
c
t.
Su
c
h indemnity
sh
a
ll
r
e
main
i
n
full fo
r
c
e
a
nd
e
f
f
e
c
t,
r
e
g
a
rdl
e
ss
o
f
a
n
y
i
nv
e
sti
g
a
tion
ma
d
e
b
y
o
r on b
e
h
a
lf
of the Compa
n
y
or
a
n
y
su
c
h dire
c
tor, offic
e
r
or
c
ontrolling p
e
rson
a
nd
sh
a
ll
survive the tr
a
nsf
e
r
by
a
n
y
Hold
e
r of su
c
h sh
a
r
e
s.
(c)
Prompt
l
y
a
ft
e
r
re
ce
ipt
b
y
a
n
indemnifi
e
d
p
a
r
t
y
of
noti
c
e
of
t
h
e
c
omm
e
n
ce
ment
of
a
n
y
ac
tion
or
pro
c
ee
di
n
g
involving
a
c
laim
r
e
f
e
r
red
to
in
this
S
ec
tion
8
(
including
a
n
y
g
ov
e
rnmental
ac
tion),
su
c
h
indem
n
ifi
e
d
p
a
r
t
y
s
h
a
ll,
if
a
c
la
i
m
in
r
e
sp
e
c
t
the
r
e
o
f
is to be made
a
g
a
inst
a
n
i
n
d
e
mni
f
yi
n
g
p
a
r
t
y,
g
ive
w
r
itten noti
c
e to t
h
e
in
d
e
mni
f
yi
n
g
p
a
r
t
y
o
f
the
c
omm
e
n
ce
ment
of su
c
h
ac
tion;
provid
e
d
,
that the f
a
ilure of
a
n
y
indemnif
i
e
d p
a
r
t
y
to
g
ive noti
c
e
a
s
provid
e
d
h
e
r
e
in
s
h
a
ll not r
e
li
e
ve
the indemni
f
y
in
g p
a
r
t
y
of its obli
g
a
tions und
e
r
this S
ec
tion,
e
x
ce
pt
to the e
x
tent that the indemni
f
yi
n
g
p
a
r
t
y is
ac
tual
l
y
p
r
e
judi
ce
d
b
y
su
c
h f
a
ilure to
g
ive
noti
ce
. In
ca
se
a
n
y
su
c
h
a
c
tion
is brought
a
g
a
inst
a
n
indemnifi
e
d p
a
r
t
y,
unless in the r
e
a
son
a
ble
jud
g
ment of
c
ouns
e
l
to su
c
h indemnifi
e
d p
a
r
t
y
a
c
onfli
c
t of int
e
r
e
st
b
e
t
w
ee
n
su
c
h in
d
e
mnifi
e
d
a
nd
indemni
f
yi
n
g p
a
rti
e
s
m
a
y
e
x
ist
or the indem
n
ifi
e
d p
a
r
t
y
m
a
y h
a
ve d
e
f
e
ns
e
s
not
a
v
a
il
a
ble
to the
indemni
f
yi
n
g
p
a
r
t
y
in r
e
sp
ec
t of su
c
h
c
l
a
im,
the
indemni
f
yi
n
g
p
a
r
t
y
s
h
a
ll be
e
ntitl
e
d
to p
a
rti
c
ipate in
a
nd
to
a
s
s
ume the d
e
f
e
nse
t
h
e
r
e
o
f
,
with
c
ouns
e
l
r
ea
son
a
b
l
y
s
a
tisf
a
c
to
r
y
to s
u
c
h indemnifi
e
d
p
a
r
t
y
a
nd,
a
ft
e
r
noti
c
e
f
rom the in
d
e
mni
f
yi
n
g
p
a
r
t
y
to s
u
c
h
i
nd
e
mnifi
e
d
p
a
r
t
y of its
e
le
c
tion
so to
a
ssume t
h
e d
e
f
e
n
s
e
the
r
e
of, the
i
nd
e
mni
f
yi
n
g
p
a
r
t
y sh
a
ll
not be li
a
ble to su
c
h
indemnifi
e
d p
a
r
t
y
for
a
n
y
l
e
g
a
l
or other
e
x
p
e
ns
e
s
subsequ
e
nt
l
y inc
ur
r
e
d
b
y
t
h
e latter in
c
onn
ec
tion
with the d
e
f
e
nse the
r
e
of,
u
n
less in s
u
c
h
indemnifi
e
d p
a
r
t
y’s
r
ea
son
a
ble
ju
d
g
ment a
c
onfli
c
t
of int
e
r
e
st b
e
tw
e
e
n
su
c
h indemnifi
e
d
a
nd
indemni
f
yi
n
g p
a
rti
e
s
a
r
i
s
e
s
in r
e
sp
ec
t of su
c
h
c
laim
a
ft
e
r
the
a
ssumption of the d
e
f
e
ns
e
s
the
r
e
of or the indemni
f
yi
n
g
p
a
r
t
y f
a
ils
to d
e
f
e
nd su
c
h
c
laim
in a dili
g
e
nt mann
e
r,
other than
r
ea
son
a
ble
c
osts
of investi
g
a
tion. N
e
ith
e
r
a
n
indemnifi
e
d nor
a
n indemni
f
yi
n
g
p
a
r
t
y sh
a
ll
be li
a
ble for
a
n
y
s
e
ttlem
e
nt of
a
n
y
ac
tion
or pro
c
ee
di
n
g
e
f
f
e
c
ted
without its
c
ons
e
nt. No
indemni
f
yi
n
g p
a
r
t
y
sh
a
ll, without the
c
o
n
s
e
nt
of the indemnifi
e
d p
a
r
t
y,
c
ons
e
nt
to
e
nt
r
y
o
f
a
n
y
jud
g
ment or
e
nter into
a
n
y
s
e
ttlem
e
nt, whi
c
h
d
o
e
s
not include
a
s
a
n un
c
onditional
te
r
m th
e
reof the
g
ivi
n
g
b
y
the
c
la
i
mant or plaintiff to su
c
h
indemnifi
e
d p
a
r
t
y
of a r
e
le
a
s
e
f
r
om
a
ll li
a
bility
in r
e
sp
e
c
t
of su
c
h
c
l
a
im
or liti
g
a
tion. Notwithst
a
nding
a
n
ythi
n
g
to the
c
ontr
a
ry
s
e
t
f
o
rth h
e
r
e
in,
a
nd
without lim
i
ting
a
ny of the r
i
g
hts
s
e
t fo
r
th
a
bov
e
,
in
a
n
y
e
v
e
nt
a
n
y
p
a
r
t
y s
h
a
ll
h
a
ve the r
i
g
h
t
to r
e
tain,
a
t its own exp
e
ns
e
,
c
ouns
e
l
with r
e
s
p
ec
t
to the d
e
f
e
nse of a
c
laim.
E
a
c
h in
d
e
mnifi
e
d
p
a
r
t
y sh
a
ll
f
u
rnish su
c
h info
r
mation
reg
a
rdi
n
g its
e
lf
or the
c
laim in qu
e
stion
a
s
a
n
indemni
f
y
ing p
a
r
t
y
m
ay
re
a
son
a
b
l
y
r
e
qu
e
st
in w
r
iti
n
g
a
nd
a
s
sh
a
ll be re
a
son
a
b
l
y
r
e
quir
e
d in con
n
ec
tion
w
ith
d
e
f
e
nse of s
u
c
h
c
laim
a
nd
litig
a
tion r
e
sulting
t
h
e
r
e
f
rom.
(d)
I
f
a
n
indemni
f
y
i
n
g
p
a
rty
d
o
e
s
not
o
r
is
not
p
e
rmitt
e
d
to
a
ssume
the d
e
f
e
nse
of
a
n
ac
tion
p
u
rsu
a
nt
to
S
ec
tions
8(
c
)
or
in
the
ca
se
of
the
e
xp
e
nse
r
e
imburs
e
ment obli
g
a
tion
s
e
t fo
r
th in
S
e
c
tions
8(
a
)
a
nd 8(b
)
,
the indemnifi
ca
tion r
e
quir
e
d
b
y S
e
c
tions
8(
a
)
a
nd 8(b)
sh
a
ll
be
made
b
y
p
e
riodic
p
a
y
m
e
nts
of
the
a
mount
ther
e
of
d
u
ring
the
course
of
the investi
g
a
tion or d
e
f
e
ns
e
,
a
s
a
nd wh
e
n
bills
a
r
e r
e
c
e
ived
or
e
x
p
e
ns
e
s,
loss
e
s, d
a
mag
e
s,
or li
a
bilities
a
re
incurred.
(e)
I
f
the
indemnifi
c
a
tion
provid
e
d
for
in
S
e
c
tion
8(
a
)
or
8
(b)
is
h
e
ld
b
y
a
c
ourt of
c
ompet
e
nt
jurisdi
c
tion to be u
n
a
v
a
il
a
ble
to an ind
e
mnif
i
e
d
p
a
r
t
y
w
ith r
e
sp
ec
t
to a
n
y
los
s
,
li
a
bili
t
y,
c
laim,
d
a
m
a
g
e
or
e
x
p
e
nse
ref
e
r
r
e
d
t
o
h
e
r
e
in,
the indemni
f
y
in
g
p
a
r
t
y
,
in li
e
u
o
f indemni
f
y
i
n
g
su
c
h ind
e
mnifi
e
d
p
a
r
t
y h
e
r
e
und
e
r,
sh
a
ll
c
ontribute to the
a
mount
p
a
id or p
a
y
a
ble
b
y
su
c
h
in
d
e
mnifi
e
d
p
a
r
t
y
a
s a r
e
sult of s
u
c
h
loss, li
a
bili
t
y,
c
laim,
d
a
m
a
g
e
or
e
x
p
e
nse
(i) in su
c
h prop
o
rtion
a
s
is
a
p
p
rop
r
i
a
te
to
r
e
fl
e
c
t
the prop
o
rtion
a
te r
e
l
a
tive
f
a
ult
o
f
t
he
indemni
f
y
i
n
g
p
a
r
t
y on
the
one
h
a
nd
a
nd
the
i
nd
e
mnifi
e
d
p
a
r
t
y
on
the
other (d
e
t
e
rmin
e
d
b
y
refer
e
n
c
e
to,
a
mo
n
g
ot
h
e
r thin
g
s,
w
h
e
ther the unt
r
ue
or
a
ll
e
g
e
d
untrue sta
t
e
ment of a
m
a
te
r
ial
fa
c
t or omission
r
e
lat
e
s
to info
r
mation supplied
b
y
the indemni
f
y
i
n
g
p
a
r
t
y
o
r the indemnifi
e
d p
a
r
t
y
a
n
d the p
a
rti
e
s’
r
e
l
a
tive
int
e
nt, knowl
e
dg
e
,
a
cc
e
ss
to info
r
mation
a
nd
o
pportuni
t
y
to
c
o
r
re
c
t
or pr
e
v
e
nt s
u
c
h
untrue stat
e
ment or omission), or (ii) if the
a
llo
ca
tion
provid
e
d
b
y
c
lau
s
e
(i)
a
b
o
ve is not p
e
rmitt
e
d
b
y
a
ppli
ca
ble
law
or
provi
d
e
s
a less
e
r
sum
to
the
i
nd
e
mnifi
e
d
p
a
r
t
y than
the
a
mount
h
e
r
e
ina
f
t
e
r
ca
lcul
a
ted, then in su
c
h
prop
o
rtion
a
s is
a
p
p
rop
r
i
a
te
to
r
e
fl
e
c
t
not on
l
y
t
h
e
prop
o
rtion
a
te r
e
l
a
tive
f
a
ult of the
i
nd
e
mni
f
y
i
n
g
p
a
r
t
y
a
nd
the indemnif
i
e
d p
a
r
t
y
,
but
a
lso the r
e
l
a
tive
b
e
n
e
fits
r
e
c
e
ived
b
y
the
indemni
f
y
i
n
g
p
a
r
t
y
on
the
one
h
a
nd
a
nd
t
h
e
indemnifi
e
d
p
a
r
t
y
on
t
h
e
othe
r
,
a
s
w
e
ll
a
s
a
n
y other r
e
le
v
a
nt
e
quit
a
b
le
c
onsid
e
r
a
tions.
No indemnifi
e
d p
a
r
t
y
g
uil
t
y
o
f
fr
a
udulent misr
e
pr
e
s
e
ntation
(
w
ithin the m
e
a
ning
of S
ec
tion 11(
f
) of the S
e
c
urities
A
c
t) sh
a
ll
b
e
e
ntitl
e
d
to
c
ontribution f
r
om
a
n
y
indemni
f
yi
n
g p
a
r
t
y
who w
a
s not
g
uil
t
y
of su
c
h
f
r
a
udulent
misr
e
pr
e
s
e
ntation.
(f)
Notwithstanding
the
f
o
re
g
oin
g
,
to
the
e
x
tent
that
the
provisions
o
n indemnifi
ca
tion
a
nd
c
o
ntribution
c
ontain
e
d
in
the
und
e
r
w
riti
n
g
a
g
re
e
ment
e
nt
e
r
e
d
into
in
c
onn
ec
tion
with
a
n
und
e
r
w
r
itten
public
of
f
e
ri
n
g
a
r
e
in
c
onfli
c
t
with
the
fo
r
e
g
oi
n
g
provisions,
the provisions in the
und
e
rwriting
a
g
r
ee
ment
sh
a
ll
c
on
trol.
(g)
Oth
e
r
I
n
d
e
mnifi
c
a
tio
n
.
I
n
d
e
mnifi
c
a
tion
simil
a
r
to
that
sp
ec
ifi
e
d
in
this S
ec
tion
(
w
ith
a
ppro
p
ri
a
t
e
modifi
c
a
tions)
sh
a
ll
be
g
i
v
e
n
b
y
t
h
e
Company
a
nd
eac
h
Hold
e
r
o
f
R
e
g
istr
a
ble
S
e
c
urities
w
i
th
r
e
sp
ec
t
to
a
n
y
r
e
quired
re
g
istr
a
tion
or
other
q
u
a
lifi
c
a
tion
of
s
ec
u
rities
und
e
r
a
n
y
f
e
d
e
r
a
l
or sta
t
e law or
re
g
ulation
or gov
e
rnm
e
ntal
a
uthori
t
y
o
t
h
e
r than the S
e
c
urities
A
c
t.
9.
Rule
144
.
F
or
a
p
e
riod
of
a
t
le
a
st
tw
e
lve
(12)
months
following
the
E
f
f
e
c
tive
D
a
te,
the
Compa
n
y
will
use
its
c
omm
e
r
c
ial
l
y
r
e
a
s
on
a
ble
e
f
f
o
rts
to
time
l
y
f
ile
a
ll
r
e
ports
r
e
quir
e
d
to
be fil
e
d
b
y
the Co
m
p
a
n
y
a
ft
e
r t
h
e
d
a
te h
e
reof und
e
r
the E
x
c
h
a
n
ge
A
c
t
a
nd
the rul
e
s
a
nd regulations
a
dopted
b
y
t
he Commission the
r
e
und
e
r,
a
nd if the Compa
n
y is not r
e
quir
e
d
to file r
e
ports pu
r
su
a
nt
to su
c
h
s
ec
tion
s
,
it will pr
e
p
a
re
a
n
d
fu
r
nish to the Subsc
r
i
b
e
rs
a
nd ma
k
e
publi
c
l
y
a
v
a
il
a
ble
in
a
cc
or
d
a
n
c
e
with Rule 144(
c
) su
c
h i
n
fo
r
mation
a
s is r
e
qui
r
e
d
for the Subs
c
ribers to s
e
ll sh
a
r
e
s
of Common
S
tock und
e
r Rule 144.
10.
I
nd
e
p
e
nd
e
nt
N
a
ture
of
E
ac
h Subs
c
rib
e
r
’
s
Obligations
a
nd R
i
g
ht
s
.
The obli
g
a
tions of
e
a
c
h
Subs
c
rib
e
r
und
e
r
this
Ag
r
ee
m
e
nt
a
re
s
e
v
e
r
a
l
a
nd
not
joint
with
the
obli
g
a
tions
of
a
n
y
other
Subs
c
rib
e
r,
a
nd
e
ac
h
Subs
c
rib
e
r
sh
a
ll not be
r
e
sponsible
in
a
n
y
w
a
y
f
or
the
p
e
r
f
o
rm
a
n
c
e
of the obli
g
a
tions
o
f
a
n
y o
t
h
e
r
Sub
s
c
riber und
e
r
th
i
s Ag
r
e
e
ment.
Nothi
n
g
c
ontain
e
d
h
e
r
e
in
a
nd no
ac
tion tak
e
n
b
y
a
n
y
Sub
s
c
rib
e
r
p
u
rsu
a
nt
h
e
r
e
to,
s
h
a
ll be
d
e
e
med to
c
onstitute su
c
h Subs
c
ribers
a
s a
p
a
rtnership,
a
n
a
ssoci
a
t
ion,
a
joint v
e
ntur
e
,
o
r
a
n
y
oth
e
r
kind of
e
nti
t
y,
o
r
c
r
ea
te
a p
r
e
sumption
that
the
Subs
c
rib
e
rs
a
re
in
a
n
y
w
a
y
a
c
ting in
c
on
ce
rt
o
r
a
s
a
group
with
r
e
sp
ec
t
to
su
c
h obli
g
a
tions
or
the
tr
a
ns
a
c
tions
c
ontemplat
e
d
b
y
this
A
g
r
ee
ment.
Ea
c
h
Subs
c
rib
e
r
sh
a
ll
be
e
ntitl
e
d to indep
e
nd
e
nt
l
y
p
rot
e
c
t
a
nd
e
nfor
c
e
its r
i
g
hts, including witho
u
t
limitation the
ri
g
hts
a
rising
out of this A
g
re
e
ment,
a
nd
it sh
a
ll not be n
ece
ssa
r
y
for
a
n
y oth
e
r
Subs
c
rib
e
r to be join
e
d
a
s
a
n
a
dditional
p
a
r
t
y in
a
n
y p
r
o
cee
di
n
g
f
o
r su
c
h pu
r
po
s
e
.
|
|
11.
|
Mis
ce
ll
a
n
e
ou
s
.
|
(a)
Gov
e
rni
n
g
L
a
w
.
This
A
g
r
ee
ment
sh
a
ll
be
g
o
v
e
r
n
e
d
b
y
a
nd
c
o
n
str
u
e
d
in
acc
or
d
a
n
c
e
with
the
l
a
w
s
of
the
United
Stat
e
s
o
f
Am
e
rica
a
nd
the
State
of
New
Yo
r
k,
both subst
a
ntive
a
nd
r
e
medi
a
l
,
without reg
a
rd
to N
e
w
Yo
r
k
c
o
n
fli
c
ts
of
l
a
w
p
rin
c
ipl
e
s.
A
n
y judi
c
ial pro
c
ee
di
n
g
b
ro
u
g
ht
a
g
a
i
nst
e
ith
e
r
of
the
p
a
rti
e
s
to this A
g
re
e
ment
or
a
n
y dispute
a
rising out of this
A
g
re
e
ment
or
a
n
y
matter
r
e
lat
e
d
h
e
r
e
to
sh
a
ll
be
brought
in
the
c
ourts
of
the
State
of
N
e
w Yo
r
k, N
e
w
Y
o
rk Coun
t
y
,
or in the United Stat
e
s Distri
c
t Court
for the Southe
r
n Distri
c
t of N
e
w
Yo
r
k
a
nd,
b
y
its
e
x
ec
ution
a
nd d
e
liv
e
ry
of this
A
gr
e
e
ment,
eac
h p
a
r
t
y
to t
h
is A
g
r
ee
ment
a
c
ce
pts
the
jurisdi
c
tion
of
su
c
h
c
ourts.
The
f
o
re
g
oi
n
g
c
ons
e
nt to jurisdi
c
tion
sh
a
ll not be
d
ee
med
to
c
onf
e
r
ri
g
hts on
a
n
y
p
e
r
s
on other
than the
p
a
rti
e
s
to this A
g
re
e
ment.
(b)
R
e
medi
e
s
.
E
x
ce
pt as ot
h
e
r
w
ise
sp
e
c
ifi
ca
l
l
y
s
e
t
f
o
rth
h
e
r
e
in with
r
e
sp
ec
t
to a
R
e
g
istr
a
tion
Ev
e
nt,
in
the
e
v
e
nt
of
a
b
r
e
a
c
h
b
y
the
Compa
n
y
or
b
y
a
Hold
e
r
of
a
n
y
of
t
h
e
ir
r
e
sp
ec
tive
oblig
a
tions u
n
d
e
r
this
A
gr
e
e
m
e
nt,
e
ac
h
Hold
e
r
or t
h
e
Compa
n
y
,
a
s the
c
a
se
m
a
y
b
e
,
in
a
ddition
to
b
e
ing
e
ntit
l
e
d
to
e
x
e
r
c
ise
a
ll
ri
g
hts
g
r
a
nted
b
y law
a
nd
und
e
r
this
A
g
re
e
ment, including re
c
ov
e
r
y
o
f d
a
mag
e
s,
sh
a
ll be
e
ntitl
e
d
to sp
ec
ific p
e
r
fo
r
mance
o
f its ri
g
hts und
e
r
this Ag
r
ee
ment. E
x
ce
pt
a
s othe
r
wise sp
ec
ifi
c
a
l
l
y
s
e
t fo
r
th
h
e
r
e
in with r
e
sp
ec
t
to a R
e
g
istr
a
tion
Ev
e
nt, the Compa
n
y
a
nd
eac
h Hold
e
r
a
g
r
e
e
that monet
a
r
y d
a
m
a
g
e
s
wou
l
d not provide
a
d
e
qu
a
t
e
c
ompens
a
tion for
a
n
y
loss
e
s incu
r
r
e
d
b
y
re
a
son
of a bre
ac
h
b
y
it of
a
n
y
of the provisions of this Ag
r
ee
ment
a
nd h
e
r
e
b
y
f
urth
e
r
a
gr
e
e
s
that, in the
e
v
e
nt of
a
n
y
a
c
tion for
s
p
ec
ific
p
e
r
f
o
rm
a
n
c
e
in r
e
sp
ec
t
o
f
su
c
h b
r
e
a
c
h,
it sh
a
ll not
a
sse
r
t
or sh
a
ll w
a
ive the
d
e
f
e
n
s
e
that a r
e
me
d
y
a
t
l
a
w would be
a
d
e
q
u
a
te.
(c)
Su
cce
ssors
a
nd
Assi
g
n
s
.
E
x
ce
pt
a
s
othe
r
wise
provid
e
d
h
e
r
e
in,
the provisions
h
e
r
e
of
s
h
a
ll
inure
to
the
b
e
n
e
fit
of,
a
nd
be
binding
upo
n
,
the
su
cce
ssors,
P
e
rmitt
e
d Assi
g
n
e
e
s,
e
x
ec
utors
a
nd
a
dministr
a
tors
of
the p
a
r
ti
e
s
h
e
r
e
to.
(d)
No
I
n
c
onsistent
A
g
r
ee
m
e
nt
s
.
The C
o
mpa
n
y
h
a
s
not
e
nte
r
e
d,
a
s
of
the
d
a
te h
e
r
e
of,
a
nd
sh
a
ll
not
e
n
te
r
,
on
or
a
f
t
e
r
the
d
a
t
e
of
this
A
g
r
ee
m
e
nt,
in
t
o
a
n
y
a
g
re
e
ment
with r
e
sp
ec
t
to
its
s
ec
urities
t
h
a
t
would
h
a
ve
the
e
f
f
e
c
t
of
imp
a
iring the
ri
g
hts
g
r
a
nted
to
the
Hold
e
rs
in this A
g
re
e
ment or
oth
e
r
w
ise
c
onfli
c
ts
with the
p
rovisions h
e
r
e
of.
(e)
Entire
A
g
r
ee
men
t
.
This
A
g
re
e
ment
a
nd
the
do
c
uments,
instr
u
ments
a
nd other
a
g
r
ee
ments
s
p
ec
if
i
ca
l
l
y
ref
e
r
r
e
d
to
h
e
r
e
in
or
d
e
liv
e
r
e
d
pursu
a
nt
h
e
r
e
to
c
onstitute
the
full
a
nd
e
ntire
und
e
rst
a
ndi
n
g
a
nd
a
g
re
e
ment
b
e
t
w
ee
n
t
he
p
a
rti
e
s
with r
e
g
a
rd to
the subj
ec
ts he
re
o
f.
(f)
Notic
e
s,
e
tc
. All
noti
ce
s,
c
ons
e
nts,
w
a
ive
r
s,
a
n
d
o
t
h
e
r
c
ommunic
a
tions whi
c
h
a
re r
e
qui
r
e
d
or
p
e
r
mitt
e
d
und
e
r this
A
gr
e
e
ment
sh
a
ll be
in w
r
iti
n
g
will be
d
e
e
med
g
iven
to a
p
a
r
t
y
(
a
)
upon
re
ce
ipt,
wh
e
n
p
e
rson
a
l
l
y
d
e
liv
e
re
d;
(b)
one
(1)
B
usiness
Day
a
ft
e
r
d
e
posit
with
a
n
n
a
tion
a
l
l
y
r
ec
o
g
ni
ze
d
ov
e
rn
i
g
ht
c
ouri
e
r s
e
r
vice
with
n
e
x
t
d
a
y d
e
l
ivery
sp
e
c
ifi
e
d,
c
osts pr
e
p
a
id)
on the d
a
te of
d
e
liv
e
ry,
if d
e
liv
e
r
e
d
to
the
a
ppro
p
ri
a
t
e
a
ddr
e
ss
b
y h
a
nd or
b
y
n
a
tion
a
l
l
y
r
e
c
o
g
ni
z
e
d
ov
e
rn
i
g
ht
c
o
uri
e
r
s
e
rvice (
c
osts pr
e
p
a
id);
(
c
) the d
a
te of transmission if s
e
nt
b
y f
a
c
simile
or
e-
m
a
il
with
c
onfi
r
mation of tr
a
ns
m
ission
b
y
t
h
e
tr
a
nsmitting
e
quipm
e
nt
if su
c
h noti
c
e
or
c
ommunic
a
tion is
d
e
liv
e
r
e
d
prior
to
5:00
P.M.,
N
e
w
Y
o
rk
City
time,
on
a
T
r
a
di
n
g
D
ay, or the n
e
x
t
T
ra
di
n
g
Da
y
a
ft
e
r the d
a
te
of t
r
a
n
smission,
if su
c
h noti
c
e or
c
ommunic
a
tion
is d
e
liv
e
r
e
d
on
a
day
t
h
a
t
is
not
a
T
ra
di
n
g
Day
or la
t
e
r
than
5:00
P.M.,
New
Yo
r
k
City
time,
on
a
n
y T
ra
di
n
g
Day; (
d
) the d
a
t
e
re
ce
ived or r
e
j
e
c
ted
b
y
the
a
ddr
e
s
s
ee
,
if s
e
nt
b
y
ce
rtifi
e
d mail,
r
e
turn
r
e
ce
ipt r
e
qu
e
sted;
o
r
(
e
)
s
e
v
e
n days
a
fter
the pl
a
ce
m
e
nt
of t
h
e noti
c
e into the mails (
f
irst
c
lass post
a
g
e
pr
e
p
a
id),
to the
p
a
r
t
y
a
t the
a
d
d
r
e
ss,
f
ac
s
i
mile
numb
e
r, or
e
-
m
a
il
a
ddr
e
ss fu
r
nished
b
y t
h
e su
c
h
p
a
r
t
y,
I
f
to the
Compa
n
y
,
to:
Akoustis T
ec
hnolo
g
ies,
In
c
.
9805 No
r
thc
r
oss
C
e
nter Court, Suite
H Hunt
e
rsvill
e
,
NC 28078
Attn:
J
e
ff
Sh
ea
l
y
T
e
lephone
Numb
e
r: 1
-
7
0
4
-
997
-
5735
E-
mail
Add
re
ss: jshe
a
l
y
@
a
koustis.com
with co
p
y
to:
CKR
L
a
w
L
L
P
1330 Av
e
nue
of t
h
e
Am
e
ri
c
a
s
N
e
w
Y
ork,
NY
10019 Attention:
B
a
rr
e
tt
S. Di
P
a
olo
F
ac
simil
e
:
1
-
212
-
25
9
-
8
2
00
T
e
leph
o
ne
Numb
e
r: 1
-
2
1
2
-
259
-
7300
E-
mail
Add
re
ss: bdipao
l
o@
c
krl
a
w
.
c
om
if to a
Subs
c
rib
e
r, to:
su
c
h
Subs
c
rib
e
r
a
t
the
a
d
dr
e
ss
set fo
r
th on the
s
i
gn
a
ture
p
a
ge
h
e
r
e
to;
or
a
t
such oth
e
r
a
ddr
e
ss
a
s
a
n
y
p
a
r
t
y
sh
a
ll h
a
ve
furnished to the
other
p
a
rti
e
s
in writing
in
acc
or
d
a
n
c
e
with this
S
ec
tion 11
(
f
)
.
(g)
D
e
l
a
y
s
or
Omission
s
.
No
d
e
l
a
y
o
r
omission
to
e
x
e
r
c
ise
a
n
y
right,
pow
e
r or
r
e
me
d
y
a
cc
rui
n
g
to
a
n
y
Hold
e
r,
upon
a
n
y
br
e
ac
h
or
d
e
f
a
ult
o
f
the
Compa
n
y
und
e
r
this
Ag
r
ee
ment,
s
h
a
ll imp
a
ir
a
n
y
s
u
c
h r
i
g
ht,
pow
e
r or r
e
me
d
y
of s
u
c
h
Hold
e
r
n
or sh
a
ll
it be
c
onstrued to
be
a
w
a
iv
e
r
of
a
n
y
su
c
h
br
e
ac
h
o
r
d
e
f
a
ult,
or
a
n
ac
quiesc
e
n
c
e
t
h
e
r
e
in,
or
of
a
n
y
simil
a
r
br
e
a
c
h
or
d
e
f
a
ult
the
r
e
un
d
e
r
o
cc
ur
r
in
g
;
n
o
r
sh
a
ll
a
n
y
w
a
i
v
e
r
of
a
n
y
si
n
g
le
b
r
eac
h
or
d
e
f
a
ult
be
d
e
e
med
a w
a
iver
o
f
a
n
y
other
b
re
a
c
h
or
d
e
f
a
ult
ther
e
tofo
r
e
or
t
h
e
re
a
fter
o
c
c
ur
r
i
n
g.
A
n
y
w
a
ive
r
,
p
e
rmit,
c
ons
e
nt
or
a
ppro
va
l of
a
n
y
kind or
c
h
a
ra
c
ter
on the p
a
rt of
a
n
y
Hold
e
r of
a
n
y
bre
ac
h or d
e
f
a
ult
und
e
r
this
A
g
r
ee
ment,
or
a
n
y
w
a
iver on
the
p
a
rt
o
f
a
n
y
Hold
e
r
of
a
n
y
pro
v
isions
or
c
onditions
of this A
g
re
e
ment,
must be in w
r
iting
a
nd s
h
a
ll
be
e
f
f
e
c
tive
on
l
y
to the
e
x
tent
sp
ec
ifi
ca
l
l
y
s
e
t fo
r
th in su
c
h
w
r
itin
g
. All
r
e
m
e
dies,
e
ith
e
r un
d
e
r
this
Ag
r
ee
ment,
o
r
b
y law
o
r
othe
r
wise
a
f
f
or
d
e
d
to
a
n
y
hol
d
e
r, sh
a
ll
be
c
umul
a
tive
a
nd not alte
r
n
a
ti
v
e
.
(h)
Counte
r
p
a
rts
. This
A
gr
e
e
ment
m
a
y
be
e
x
ec
u
ted
in
a
n
y
num
b
e
r
o
f
c
ounte
r
p
a
rts,
a
nd
with
resp
ec
t
to
a
n
y
Subs
c
riber,
b
y
e
x
ec
ution
of
a
n
Omn
i
bus
Si
g
n
a
tu
r
e
P
a
ge to this Agre
e
ment
a
nd
t
h
e Subs
c
ription Ag
r
ee
ment,
eac
h
o
f whi
c
h
s
h
a
ll be
e
nfo
r
c
ea
ble
a
g
a
inst the p
a
rti
e
s
a
c
tual
l
y
e
x
ec
uti
n
g
s
u
c
h
c
oun
t
e
rparts,
a
n
d
a
ll
of wh
i
c
h t
o
g
e
th
e
r
sh
a
ll
c
onstitute one instrum
e
nt.
In the
e
v
e
n
t
that
a
n
y
s
i
gn
a
t
u
re
is
d
e
liv
e
r
e
d
b
y
f
ac
simile
transmission or
b
y
a
n
e
-
mail, whi
c
h
c
ontains a port
a
ble
do
c
ument fo
r
m
a
t
(.pd
f
) file of
a
n
e
x
ec
uted
si
g
n
a
ture
p
a
ge, su
c
h
si
g
n
a
tu
r
e
sh
a
ll
c
re
a
te
a
v
a
lid
a
nd
bindi
n
g oblig
a
tion of the
p
a
r
t
y
e
x
ec
uting
(or on
whose
b
e
h
a
lf
su
c
h si
g
n
a
ture
is
e
x
ec
uted)
with the s
a
me fo
r
c
e
a
nd
e
f
f
ec
t
a
s if su
c
h f
a
c
simile
si
g
n
a
ture p
a
ge
w
e
re
a
n or
i
ginal
ther
e
of.
(i)
S
e
v
e
r
a
bili
t
y
.
I
n
the
c
a
se
a
n
y
provision
of
this
Ag
r
ee
ment
sh
a
ll
be
invalid, ille
g
a
l
or
un
e
nfor
c
e
a
ble,
the
v
a
lidi
t
y
,
l
e
g
a
li
t
y
a
nd
e
nfo
r
c
ea
bili
t
y
of
the
r
e
m
a
ining
provisions
sh
a
ll not in
a
n
y
w
a
y
be
a
f
f
e
c
t
e
d
or impai
re
d ther
e
b
y
.
(j)
Am
e
ndments
.
E
x
ce
pt
a
s
othe
r
wise
provid
e
d
h
e
rein,
the
provisions
of
th
i
s Ag
r
ee
ment
m
a
y
be
a
m
e
n
d
e
d
a
t
a
n
y
time
a
nd
f
r
om
time
to
time,
a
nd
p
a
rti
c
ular
provisions
of
this Ag
r
ee
ment
m
a
y
b
e
w
a
ived,
with
a
nd
on
l
y
with
a
n
a
gr
e
e
m
e
nt
or
c
on
s
e
nt
in
w
r
iting s
i
g
n
e
d
b
y
the Compa
n
y
a
nd the M
a
jo
r
i
t
y
Hold
e
rs. The S
u
bs
c
r
i
b
e
rs
ac
know
l
e
d
g
e
that by the op
e
r
a
tion
of this S
ec
tion,
the
M
a
jori
t
y
H
o
lde
r
s
m
a
y
h
a
v
e
the
ri
g
ht
a
nd
pow
e
r
to diminish
or
e
limin
a
te
a
ll ri
g
hts of the Subs
c
rib
e
rs
under this A
g
r
ee
ment.
[
C
O
M
P
A
N
Y
S
I
G
N
A
T
U
R
E
P
A
G
E
F
OLLOW
S
]
This R
e
g
istr
a
tion
Ri
g
hts
Ag
r
ee
ment
is h
e
r
e
b
y
e
x
e
c
uted
a
s of the
d
a
te
f
irst
a
bove
w
r
itten.
T
H
E
C
O
M
P
AN
Y
:
A
K
OUSTIS
TECHN
O
LO
G
IES, IN
C
.
B
y
:
______________________________
N
a
me:
J
e
f
f
r
e
y
B
. Sh
ea
l
y
Titl
e
: Chief
E
x
ec
utive
O
f
fi
c
e
r
SUBSCRIBERS
S
e
e
O
m
ni
b
us
Sig
n
atu
r
e
P
ag
e
s
to
Subs
cr
i
p
tion
Ag
r
e
e
me
nt
Ann
e
x
A
A
KO
U
STIS
T
E
C
H
N
OLOG
I
E
S,
I
NC
.
S
e
lli
n
g
S
ec
u
r
ityhol
d
e
r
No
t
ice
and Q
u
e
stionna
i
r
e
The
und
e
rs
i
g
n
e
d
b
e
n
e
f
ic
ial
own
e
r
of
R
e
g
ist
r
a
ble
S
ec
urities
of
Ako
u
stis
T
ec
hnologi
e
s,
In
c
.
,
a
N
e
v
a
da
c
orp
o
r
a
t
i
on
(the
“
Compa
n
y
”
),
und
e
rst
a
nds that
the
Comp
a
n
y
h
a
s fil
e
d
or
int
e
nds to file with the U.S.
S
ec
urities
a
nd E
x
c
h
a
n
ge
Commission a re
g
istr
a
tion stat
e
ment
(the
“
R
e
g
ist
r
a
tion
Stat
e
men
t
”
)
for t
h
e
re
g
istr
a
tion
a
nd r
e
s
a
le
un
d
e
r Rule 415 of the S
ec
urities
A
c
t of 1933,
a
s
a
men
d
e
d,
of
the
R
e
g
ist
r
a
ble
S
ec
u
rities, in
acc
o
rd
a
n
c
e
with
the
terms
of
the R
e
g
istr
a
tion
Ri
g
hts Ag
r
e
e
ment
(the
“
R
e
g
istr
a
tion
Ri
g
hts
A
gre
e
men
t
”
)
to whi
c
h
this d
o
c
ument
is
a
nn
e
x
e
d.
A
c
o
p
y
o
f
the R
e
g
istr
a
tion
Ri
g
hts Ag
r
ee
m
e
nt
is
a
v
a
il
a
ble
f
r
om the Comp
a
n
y
upon
r
e
qu
e
st
a
t the
a
ddr
e
ss
s
e
t
f
o
rth
b
e
lo
w
. All
ca
pit
a
li
z
e
d
te
r
ms
not
othe
r
wise
d
e
fined
h
e
r
e
in
sh
a
ll
h
a
v
e
the me
a
nin
g
s
a
s
c
rib
e
d
t
h
e
r
e
t
o
in the
R
e
g
istr
a
tion
Rights A
g
r
ee
ment.
C
e
rt
a
in
l
e
g
a
l
c
ons
e
qu
e
n
ce
s
a
rise
f
rom
b
e
i
n
g
n
a
med
a
s
a
s
e
lling
s
ec
u
rity
hold
e
r
in
the R
e
g
istr
a
tion
Stat
e
ment
a
nd
the
r
e
lat
e
d
pros
p
ec
t
u
s.
A
c
c
ordi
n
g
l
y
,
holde
r
s
a
nd
b
e
n
e
f
i
c
ial
own
e
rs of R
e
g
istr
a
ble
S
e
c
urities
a
re
a
dvised to
c
onsult their own
s
ec
urities
l
a
w
c
ouns
e
l
reg
a
rdi
n
g the
c
ons
e
qu
e
n
c
e
s
of b
e
i
n
g
n
a
med
or not
b
e
i
n
g
n
a
m
e
d
a
s
a
s
e
lling
s
ec
urity
h
o
lder
in the R
e
g
istr
a
tion
Stat
e
ment
a
nd the
r
e
la
t
e
d
prosp
e
c
tus.
NOTICE
T
he
und
e
rsi
g
n
e
d
b
e
n
e
fi
c
i
a
l
own
e
r
(
the
“
S
e
lli
n
g
S
e
c
uri
t
y
hold
er
”
)
of
R
e
g
ist
r
a
ble
Se
c
u
rities h
e
r
e
b
y
e
l
ec
ts
to include
t
he
R
e
g
ist
r
a
ble
Se
c
u
rities own
e
d
b
y
it in the
R
e
g
is
t
r
a
tion
Stat
e
ment.
The
und
e
rs
i
g
n
e
d
h
e
r
e
b
y
p
rovid
e
s
the
following
inf
o
rm
a
tion
to
the
Compa
n
y
a
nd r
e
pr
e
s
e
nts
and
w
a
r
r
a
nts
t
h
a
t such info
r
mation
is
a
cc
ur
a
t
e
:
QUESTIONN
A
IRE
|
|
(a)
|
Full
L
e
g
a
l
N
a
m
e
of Selling
S
ec
u
ri
t
y
hold
e
r
|
_____________________________________________________________________________________________
_____________________________________________________________________________________________
|
|
(b)
|
Full
L
e
g
a
l
N
a
me
o
f
R
e
gist
e
r
e
d
Hold
e
r
(holder
of
r
e
c
o
rd)
(
i
f
not
the
s
a
m
e
a
s
(a)
a
bov
e
)
th
r
o
u
g
h
wh
i
c
h R
e
g
istr
a
ble
S
e
c
urities
a
r
e
h
e
ld:
|
_____________________________________________________________________________________________
_____________________________________________________________________________________________
|
|
(c)
|
I
f
y
ou
a
re
not
a
n
a
tur
a
l
p
e
rson,
full
L
e
g
a
l
N
a
m
e
of
N
a
tur
a
l
Control
P
e
rson
(
w
hich me
a
ns
a
n
a
tur
a
l
p
e
rson who
dir
e
c
t
l
y
o
r
indir
e
c
t
l
y
a
lo
n
e
or with
othe
r
s
h
a
s
pow
e
r to vote
or dispose
of the s
ec
urities
c
ov
e
r
e
d
b
y
this
Qu
e
stio
n
n
a
ir
e
):
|
_____________________________________________________________________________________________
_____________________________________________________________________________________________
|
|
2.
|
Ad
d
re
ss
f
or
No
t
ic
e
s
t
o S
e
lli
n
g
S
ec
u
r
ityhol
d
e
r
:
|
________________________________________________________________________________________________________________
________________________________________________________________________________________________________________
________________________________________________________________________________________________________________
T
e
lephon
e
:___________________________________________
F
a
x
:______________________________________________________
Em
a
il:
_________________________________________________________________________________________________________
Conta
c
t
P
e
rson: ________________________________________________________________________________________________
|
|
3.
|
B
r
ok
er-
D
e
a
l
e
r
Sta
t
u
s:
|
|
|
(a)
|
A
r
e
y
ou
a
b
rok
e
r
-
d
ea
l
e
r?
|
YES ☐ NO ☐
|
|
(b)
|
I
f
“
y
e
s”
to
S
ec
tion
3(
a
),
did
y
ou
r
e
c
e
ive
y
o
ur
R
e
g
istr
a
ble
S
ec
u
r
ities
a
s
c
ompens
a
tion
f
o
r inv
e
s
t
ment
b
a
nking
s
e
rvi
c
e
s
to
the Comp
a
n
y
?
|
YES ☐ NO ☐
Not
e
:
I
f
“
no”
to
S
ec
tion
3(b
)
,
the
Commission’s
sta
f
f
h
a
s
indi
ca
ted
that
y
ou
should
be identifi
e
d
a
s
a
n und
e
r
w
r
i
ter
in
the
R
e
g
istr
a
tion
Stat
e
ment.
|
|
(c)
|
A
r
e
y
ou
a
n
a
f
f
iliate
o
f a brok
e
r
-
d
ea
l
e
r?
|
YES ☐ NO ☐
|
|
(d)
|
I
f
y
ou
a
re
a
n
a
f
filiate
of
a
brok
e
r
-
d
e
a
le
r
,
do
y
ou
ce
rti
f
y
that
y
ou
pur
c
h
a
s
e
d
the R
e
g
istr
a
ble
S
e
c
urities
in
the
ordin
a
ry
c
o
u
rse of
busin
e
ss,
a
nd
a
t
the
time
of the pur
c
h
a
se
o
f the R
e
g
istrable
S
ec
urities to be r
e
s
old,
y
ou h
a
d no
a
gr
e
e
m
e
nts
or und
e
rst
a
ndi
n
g
s,
dir
e
c
tly
or indir
e
c
tl
y
,
with a
n
y
p
e
rson
to distribute
the R
e
gistr
a
ble
S
ec
urities?
|
YES ☐ NO ☐
Not
e
:
I
f
“
no”
to
S
ec
tion
3(d
)
,
the
Commission’s
sta
f
f
h
a
s
indi
ca
ted
that
y
ou
should
be
identifi
e
d
a
s
a
n
und
e
r
w
r
i
ter
in the
R
e
g
istr
a
tion
Stat
e
ment.
|
|
4.
|
B
e
n
e
f
icial
O
w
n
er
sh
i
p
of
S
ec
u
r
iti
e
s
of
the
C
o
m
pany
O
w
n
e
d by the
S
e
lli
n
g
S
ec
u
r
ityhol
d
er
:
|
E
x
ce
pt
as
s
e
t
forth
b
e
l
ow
in
this
It
e
m
4,
the
und
e
rsign
e
d
is
not
t
h
e
b
e
n
e
fi
c
ial
or r
e
gist
e
r
e
d
own
e
r of any
s
ec
urities
of the
Company.
(a)
Ple
a
se
list
the
t
y
p
e
(common
stock,
w
a
r
r
a
nts,
e
t
c
.
)
a
nd
a
mount
of
a
ll
s
ec
u
r
ities
of the
Compa
n
y
(in
c
ludi
n
g
a
n
y
R
e
g
istr
a
ble
S
ec
urit
i
e
s)
b
e
n
e
fi
c
ial
l
y
ow
n
e
d
1
b
y
the
S
e
lling S
ec
uri
t
yhold
e
r:
______________________________________________________________________________________________________
______________________________________________________________________________________________________
|
|
5.
|
R
e
lationshi
p
s
w
ith
t
he
C
o
m
pany:
|
E
x
ce
pt
as
s
e
t
forth
b
e
low,
n
e
ith
e
r
y
ou
nor
(
if
y
o
u
are
a
natural
p
e
rson)
any
m
e
m
b
e
r
of
y
our
imm
e
diate
famil
y
,
nor
(
if
y
ou
are
not
a
n
atural
p
e
rson)
any
of
y
our
affiliat
e
s
2
,
offic
e
rs, dire
c
tors or p
r
incipal
e
quity
holders
(own
e
rs of 5%
of more of the
e
quity s
ec
uriti
e
s
of the und
e
r
s
igned) has h
e
ld
any p
o
sition or office or has had any other mat
e
rial
r
e
lationship
w
i
t
h
the Company
(
or its pr
e
d
e
c
e
ssors
or affili
a
tes) during the past three
ye
ars.
State
a
n
y
e
x
ce
ptions
h
e
re:
______________________________________________________________________________________________________
______________________________________________________________________________________________________
______________________
|
|
1
|
Be
n
e
f
i
c
i
a
l
l
y
O
w
n
e
d
:
A
“
b
e
n
e
f
ici
a
l
o
w
ne
r
”
o
f
a
s
e
cu
r
ity
inc
l
ud
e
s
any
p
e
r
s
o
n
w
h
o
,
di
r
e
ct
l
y
o
r
indi
r
e
ct
l
y
,
th
r
o
u
g
h
any
c
o
nt
r
a
c
t,
a
rr
a
n
ge
m
e
nt,
u
n
d
e
r
st
a
n
di
n
g
,
r
el
ati
on
s
h
ip
o
r
ot
h
e
r
w
ise
has
o
r
s
ha
r
e
s
(
i)
vo
ti
n
g
p
o
we
r
,
i
nc
lud
ing
t
he p
o
w
e
r
to
di
r
e
ct
t
he
vo
ting
o
f
s
u
ch
s
e
cu
r
it
y
,
or (
ii)
i
n
ve
s
t
m
e
n
t
p
o
we
r
,
in
c
l
u
d
ing
t
he
p
o
w
er
to
di
s
p
o
se
o
f
,
o
r
d
i
r
e
ct
the
di
s
p
o
si
t
i
o
n
o
f
,
s
u
ch s
e
cu
r
it
y
.
In
ad
d
i
t
i
o
n,
a
p
e
r
s
o
n
is
d
ee
m
e
d
to
ha
v
e
“
b
e
n
e
f
icial
o
w
n
e
r
ship”
o
f a s
e
cu
r
i
ty
o
f
w
hich
s
u
c
h
p
e
r
s
o
n
has
t
he
r
i
g
ht
to ac
qu
i
r
e
b
e
n
e
f
icial
o
w
n
e
r
ship
a
t
a
ny
time
w
ith
i
n
60
d
a
y
s,
inc
lu
d
i
n
g
,
b
u
t n
o
t
l
i
m
it
e
d
t
o
,
a
ny
r
i
g
ht
to
a
c
q
u
i
r
e
such s
e
cu
r
it
y
:
(
i) th
r
o
u
g
h
the
exe
r
cise
o
f any
o
pti
o
n,
w
a
rr
a
n
t
o
r
r
i
g
ht,
(
i
i)
th
r
o
u
g
h
t
he
c
o
n
ve
r
si
o
n
o
f any s
e
cu
r
ity
o
r
(
iii)
p
u
r
s
u
a
n
t
to
t
he
p
o
w
e
r
to
r
evo
k
e
,
o
r
the
a
u
t
o
m
a
t
i
c
t
e
r
m
i
n
a
ti
o
n
o
f
,
a
t
r
us
t
,
di
s
c
r
e
ti
o
na
r
y
a
c
c
ou
nt
o
r
simi
l
ar a
rr
an
ge
m
e
nt.
|
I
t
is
p
o
ssib
l
e
th
a
t
a
s
e
cu
r
i
t
y
m
a
y
ha
v
e
m
o
r
e
than
o
ne
“
b
e
n
e
f
ic
i
al
o
w
n
e
r
,”
su
c
h
as
a
t
r
us
t
,
w
ith
t
w
o
c
o
-
t
r
ust
ee
s
sha
r
i
ng
vo
ting
p
o
w
e
r
,
and
t
he s
e
tt
lo
r
o
r
an
o
th
e
r
t
h
i
r
d
p
a
r
ty
ha
v
ing
i
n
ve
stm
e
nt
p
o
w
e
r
,
in
w
hich c
a
se
e
ach
o
f
the
th
r
e
e
w
o
u
l
d
be
the
“
b
e
n
e
f
icial
o
w
ne
r
”
o
f
t
h
e
s
e
cu
r
i
t
i
e
s
in
t
h
e
t
r
us
t
.
T
he
p
o
w
e
r
to
vo
te
or
di
r
e
ct
th
e
vo
tin
g
,
o
r
to
i
n
ve
st
o
r
di
s
p
o
se
o
f
,
o
r
di
r
e
ct
the
i
n
ve
stm
e
nt
o
r
di
s
p
o
s
i
ti
o
n
o
f
,
a
s
e
cu
r
i
ty
m
a
y
be
indi
r
e
ct a
n
d
a
r
ise
fr
o
m
leg
a
l
,
e
c
o
n
o
mic,
c
on
t
r
a
c
t
u
al
o
r
o
th
e
r
r
i
g
ht
s
,
an
d the d
e
t
e
r
min
a
ti
o
n
o
f b
e
n
e
f
i
c
ial
o
w
n
e
r
ship
de
p
e
nds
u
p
o
n
w
ho u
l
ti
m
at
el
y
p
o
ss
e
ss
e
s
o
r
sha
r
e
s
t
he
p
o
w
e
r
to
di
r
e
ct
t
he
vo
t
i
ng
o
r
t
he
di
s
p
o
s
i
ti
o
n
o
f
t
he
s
e
cu
r
it
y
.
T
he
f
inal
d
e
t
e
r
min
a
ti
o
n
o
f
t
he
ex
istence
o
f
b
e
n
e
f
icial
o
w
n
e
r
ship
d
e
p
en
ds
up
o
n
the
f
a
c
ts
o
f
e
ach
cas
e
.
Y
o
u
ma
y
,
if
y
o
u
b
el
ie
v
e
the
f
acts
w
a
rr
ant
i
t,
d
i
sc
l
aim
b
e
n
e
f
icial
o
w
n
e
r
sh
i
p
o
f
s
e
cu
r
i
t
i
e
s
t
h
a
t
mi
g
ht
o
th
e
r
w
ise
be
c
o
n
s
id
e
r
e
d
“
b
e
n
e
f
i
c
ia
ll
y
o
w
n
e
d”
b
y
yo
u.
|
|
2
|
A
ff
i
l
i
a
te
:
A
n
“
a
ff
i
l
iat
e
”
is
a
c
o
m
p
a
ny
o
r
p
e
r
s
o
n
t
h
a
t
di
r
e
ct
l
y
,
o
r
i
n
di
r
e
ct
l
y
th
r
o
u
g
h
o
ne
o
r
m
o
r
e
int
e
r
m
e
d
i
a
r
i
e
s,
c
o
nt
r
ol
s
y
o
u,
o
r
is c
on
t
r
ol
l
e
d
by
yo
u,
o
r
is
u
nd
e
r
c
o
m
m
o
n
c
o
nt
r
o
l
w
ith
y
o
u.
|
The
und
e
rsi
g
n
e
d
a
g
r
ee
s
to
prompt
l
y
noti
f
y
the
C
o
mpa
n
y
of
a
n
y
inac
c
ura
c
ies
or
c
h
a
n
g
e
s
in
the
info
r
mation
prov
i
d
e
d
h
e
r
e
in
that
m
a
y
o
c
c
ur
subsequent
to
the
d
a
t
e
h
e
r
e
of
a
t
a
n
y
time while the
R
e
g
ist
r
a
tion
Stat
e
ment
re
mains
e
ff
e
c
tiv
e
.
B
y
si
g
ni
n
g
b
e
low,
t
h
e
und
e
rsi
g
n
e
d
c
ons
e
nts
to
the
disclosure
of
the
info
r
mation
c
ontain
e
d
h
e
r
e
in
in
its
a
n
sw
e
rs
to
Items
1
throu
g
h
5
a
nd
the inclusion
of
s
u
c
h
info
r
mation
in
the R
e
g
istr
a
tion
Stat
e
ment and the r
e
la
t
e
d
prospe
c
tus
a
nd
a
ny
a
mendm
e
nts or suppl
e
ments
the
r
e
to. The und
e
rs
i
g
n
e
d
und
e
rstands that su
c
h info
r
mation
w
i
ll be r
e
li
e
d
upon
b
y the Company in
c
onn
ec
tion
with the pr
e
p
a
r
a
tion
or
a
mendm
e
nt of the R
e
g
istr
a
tion
Stat
e
ment
a
nd the r
e
lat
e
d
prosp
e
c
tus and
a
ny
a
mendments or suppl
e
ments th
e
r
e
to.
I
N
W
I
T
N
E
SS
W
H
E
R
E
OF
the
und
e
rsi
g
n
e
d,
b
y
a
uthori
t
y
du
l
y
g
iven,
h
a
s
ca
us
e
d
this S
e
lling
S
ec
u
ri
t
yhold
e
r
N
oti
c
e
a
nd Questionn
a
i
r
e
t
o
be
e
x
ec
uted
a
nd d
e
liv
e
red
e
ith
e
r
in
p
e
rson
or
b
y its du
l
y
a
uthori
z
e
d
a
g
e
nt.
|
BENE
F
ICIAL OWNER (individu
a
l)
|
BENE
F
ICIAL OWNER (
e
nti
t
y
)
|
|
_____________________________________________
|
___________________________________________________
|
|
Signature
|
Name of Entity
|
|
_____________________________________________
|
___________________________________________________
|
|
Print Name
|
Signature
|
|
|
|
|
_____________________________________________
|
Print Name: ________________________________________
|
|
Signature (If Joint Tenants or Tenants in Common)
|
|
|
|
Title: _______________________________________________
|
P
LEASE
E
-M
AIL
OR
F
A
X
A
C
O
PY
OF
THE
CO
M
P
LETED
A
N
D
EXEC
U
TED
SELLING
SEC
U
RITYHOLDER
NOTICE
A
N
D
QUESTIONN
A
IRE,
A
N
D
RETU
R
N THE ORI
G
IN
A
L
BY OVER
N
I
G
HT
M
AIL,
T
O:
CKR
L
a
w
L
L
P
1330
Av
e
nue
of
t
h
e
Am
e
ri
c
a
s,
1
4
th
F
loor N
e
w
Y
ork,
NY
10022
Attention:
L
inda
B
. K
a
l
a
y
j
ian
F
ac
simil
e
:
(212)
25
9
-
7
3
00
E-
mail
Add
re
ss:
lkal
a
y
j
i
a
n@CKRla
w
.
c
om
4
TM