<SUBMISSION>
<ACCESSION-NUMBER>0001144204-07-050462
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20070920
<ITEMS>1.01
<ITEMS>9.01
<FILING-DATE>20070921
<DATE-OF-FILING-DATE-CHANGE>20070920
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>AIRSPAN NETWORKS INC
<CIK>0001105542
<ASSIGNED-SIC>3663
<IRS-NUMBER>000000000
<STATE-OF-INCORPORATION>WA
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-31031
<FILM-NUMBER>071128068
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>777 YAMATO ROAD
<STREET2>SUITE 105
<CITY>BOCA RATON
<STATE>FL
<ZIP>33431
<PHONE>561-893-8670
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>777 YAMATO ROAD
<STREET2>SUITE 105
<CITY>BOCA RATON
<STATE>FL
<ZIP>33431
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v088291_8k.htm
<TEXT>
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  <body bgcolor="#ffffff"><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">UNITED
      STATES</font></div>
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      AND EXCHANGE COMMISSION</font></div>
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      D.C. 20549</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>FORM
      8-K</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Current
      Report</font></div>
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      to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date
      of
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
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      NETWORKS INC.</strong></font></div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(I.R.S.
                  Employer Identification No.)</font></div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">777
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      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions:</font></div>
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                communications pursuant to Rule 425 under the Securities Act (17
                CFR
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      1.01 Entry into a Material Definitive Agreement.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      September&#160;20, 2007, Airspan Networks Inc. (the &#8220;Company&#8221;) entered into an
      underwriting agreement (the &#8220;Underwriting Agreement&#8221;) with Needham &amp;
Company, LLC and Stephens Inc. (collectively, the &#8220;Underwriters&#8221;). Subject to
      the terms and conditions of the Underwriting Agreement, the Company agreed
      to
      sell to the Underwriters, and the Underwriters agreed to purchase from the
      Company, an aggregate of 15,000,000 shares (the &#8220;Shares&#8221;) of the Company&#8217;s
      authorized but previously unissued common stock, par value $0.0003 per share
      (the &#8220;Common Stock&#8221;) at a public offering price of $2.00 per Share. The
      resulting aggregate net proceeds to the Company from this Common Stock offering
      after an underwriting discount totaling approximately $1.8 million, but before
      expenses, will be approximately $28.2 million (assuming no exercise of the
      Underwriters&#8217; over-allotment option). Under the terms of the Underwriting
      Agreement, the Company has granted the Underwriters an option, exercisable
      for
      30 days after the date of the Underwriting Agreement, to purchase up to an
      additional 2,250,000 shares of Common Stock to cover over-allotments, if
      any.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      offering is being made under a prospectus supplement and related prospectus
      pursuant to the Company&#8217;s effective shelf registration statement on Form S-3
      (Registration No. 333-143667) initially filed with the Securities and Exchange
      Commission on June&#160;11, 2007. The Underwriters&#8217; obligations to purchase the
      Shares are subject to the satisfaction of certain customary closing conditions,
      including receipt of legal opinions and approval of legal matters by their
      respective counsels. The Company has agreed to indemnify the Underwriters
      against certain liabilities, including liabilities under the Securities Act
      of
      1933, as amended, or to contribute to the payments the Underwriters may be
      required to make in respect of these liabilities. Subject to certain exceptions,
      the Company, all of the Company&#8217;s directors and executive officers and certain
      of the Company&#8217;s shareholders also agreed not to sell or transfer any Common
      Stock held by them for 90 days after the date of the Underwriting Agreement
      without first obtaining the written consent of Needham &amp; Company, LLC. The
      closing of the sale of 15,000,000 Shares is scheduled to occur on or about
      September 26, 2007.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">A
      copy of
      the Underwriting Agreement is attached hereto as Exhibit&#160;1.1 and is
      incorporated herein by reference. The foregoing is a summary of the terms of
      the
      Underwriting Agreement. Such summary does not purport to be complete and is
      qualified in its entirety by reference to the full text of the Underwriting
      Agreement, copies of which are attached hereto and incorporated herein by
      reference.</font></div>
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      9.01 Financial Statements and Exhibits</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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      <div align="left">
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            <tr>
              <td align="left" valign="top" width="5%">&#160;</td>
              <td align="left" valign="top" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)</font></div>
              </td>
              <td align="left" valign="top" width="90%" style="border-bottom: #ffffff thin solid;">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Exhibits</u></font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="5%">&#160;</td>
              <td align="left" valign="top" width="5%">&#160;</td>
              <td align="left" valign="top" width="90%">&#160;</td>
            </tr>
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              <td align="left" valign="top" width="5%">&#160;</td>
              <td align="left" valign="top" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1.1</font></div>
              </td>
              <td align="left" valign="top" width="90%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Underwriting
                  Agreement, dated as of September&#160;20, 2007, among the Company, Needham
                  &amp; Company, LLC and Stephens Inc.</font></div>
              </td>
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            <tr>
              <td align="left" valign="top" width="5%">&#160;</td>
              <td align="left" valign="top" width="5%">&#160;</td>
              <td align="left" valign="top" width="90%">&#160;</td>
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              <td align="left" valign="top" width="5%">&#160;</td>
              <td align="left" valign="top" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5.1</font></div>
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                  of Dorsey &amp; Whitney LLP.</font></div>
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              <td align="left" valign="top" width="5%">&#160;</td>
              <td align="left" valign="top" width="5%">&#160;</td>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">23.1</font></div>
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                  of Dorsey &amp; Whitney LLP. Reference is made to
                  Exhibit&#160;5.1.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SIGNATURE</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to the requirements of the Exchange Act, the Company has duly caused this report
      to be signed on its behalf by the undersigned hereunto duly
      authorized.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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          <tr>
            <td align="left" valign="top" width="48%">&#160;</td>
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                NETWORKS INC.</strong></font></div>
            </td>
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          <tr>
            <td align="left" valign="top" width="48%">&#160;</td>
            <td align="left" colspan="2" valign="top" width="52%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="48%">&#160;</td>
            <td align="left" valign="top" width="4%">&#160;</td>
            <td align="left" valign="top" width="48%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="48%">&#160;</td>
            <td align="left" valign="top" width="4%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:
                </font></div>
            </td>
            <td align="left" valign="top" width="48%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/
                David Brant</font></div>
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          </tr>
          <tr>
            <td align="left" valign="top" width="48%">&#160;</td>
            <td align="left" valign="top" width="4%">&#160;</td>
            <td align="left" valign="top" width="48%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="48%">&#160;</td>
            <td align="left" colspan="2" valign="top" width="52%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">David
                Brant</font></div>
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          </tr>
          <tr>
            <td align="left" valign="top" width="48%">&#160;</td>
            <td align="left" colspan="2" valign="top" width="52%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Senior
                Vice President and Chief Financial
                Officer</font></div>
            </td>
          </tr>

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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date:
      September 20, 2007</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
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      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
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        </div>
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    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>EXHIBIT
      LIST</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="left" valign="top" width="5%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1.1</font></div>
            </td>
            <td align="left" valign="top" width="95%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Underwriting
                Agreement, dated as of September 20, 2007, among the Company, Needham
                &amp; Company, LLC and Stephens Inc.</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="5%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5.1</font></div>
            </td>
            <td align="left" valign="top" width="95%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Opinion
                of Dorsey &amp; Whitney LLP.</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="5%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">23.1</font></div>
            </td>
            <td align="left" valign="top" width="95%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Consent
                of Dorsey &amp; Whitney LLP. Reference is made to
                Exhibit&#160;5.1</font></div>
            </td>
          </tr>

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<DOCUMENT>
<TYPE>EX-1.1
<SEQUENCE>2
<FILENAME>v088291_ex1-1.htm
<TEXT>
<html>
  <head>
    <title>
</title>
</head>
  <body bgcolor="#ffffff"><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>EXHIBIT
      1.1</u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>EXECUTION
      VERSION</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>15,000,000
      Shares</strong></font><a name="KItmp"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman"><sup>*</sup></font><font style="DISPLAY: inline">&#160;</font></a></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>AIRSPAN
      NETWORKS INC.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Common
      Stock</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>UNDERWRITING
      AGREEMENT</u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">September
      20, 2007</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Needham
      &amp; Company, LLC</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Stephens
      Inc.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
      Representatives of the several Underwriters</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">c/o
      Needham&#160;&amp; Company, LLC</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">445
      Park
      Avenue</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">New
      York,
      New York 10022</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Ladies
      and Gentlemen:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Airspan
      Networks Inc., a Washington corporation (the &#8220;Company&#8221;), proposes to issue and
      sell 15,000,000 shares (the &#8220;Firm Shares&#8221;) of the Company&#8217;s Common Stock,
      $0.0003 par value per share (the &#8220;Common Stock&#8221;), to you and to the several
      other Underwriters named in </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Schedule&#160;I</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      hereto
      (collectively, the &#8220;Underwriters&#8221;), for whom you are acting as representatives
      (the &#8220;Representatives&#8221;). The Company has also agreed to grant to you and the
      other Underwriters an option (the &#8220;Option&#8221;) to purchase up to an additional
      2,250,000 shares of Common Stock, on the terms and for the purposes set forth
      in
      Section&#160;1(b) (the &#8220;Option Shares&#8221;). The Firm Shares and the Option Shares
      are referred to collectively herein as the &#8220;Shares.&#8221; As used herein, the term
&#8220;Representatives&#8221; shall mean the &#8220;Underwriters&#8221; unless any Underwriters other
      than the Representatives are named in Schedule I hereto.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company confirms as follows its agreements with the Representatives and the
      several other Underwriters.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>1.</em></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Agreement
      to Sell and Purchase.</em></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      the
      basis of the representations, warranties and agreements of the Company herein
      contained and subject to all the terms and conditions of this Agreement,
      (i)&#160;the Company agrees to issue and sell the Firm Shares to the several
      Underwriters and (ii)&#160;each of the Underwriters, severally and not jointly,
      agrees to purchase from the Company the respective number of Firm Shares set
      forth opposite that Underwriter&#8217;s name in </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Schedule&#160;I</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      hereto,
      at the purchase price of $1.88 for each Firm Share.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Subject</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      to all
      the terms and conditions of this Agreement, the Company grants the Option to
      the
      several Underwriters to purchase, severally and not jointly, up to the maximum
      number of Option Shares at the same price per share as the Underwriters shall
      pay for the Firm Shares. The Option may be exercised only to cover
      over-allotments in the sale of the Firm Shares by the Underwriters and may
      be
      exercised in whole or in part at any time (but not more than once) on or before
      the 30th day after the date of this Agreement upon written or telegraphic notice
      (the &#8220;Option Shares Notice&#8221;) by the Representatives to the Company no later than
      12:00&#160;p.m., New York City time, at least two and no more than five business
      days before the date specified for closing in the Option Shares Notice (the
      &#8220;Option Closing Date&#8221;), setting forth the aggregate number of Option Shares to
      be purchased and the time and date for such purchase. On the Option Closing
      Date, the Company will issue and sell to the Underwriters the number of Option
      Shares set forth in the Option Shares Notice, and each Underwriter will purchase
      such percentage of the Option Shares as is equal to the percentage of Firm
      Shares that such Underwriter is purchasing, as adjusted by the Representatives
      in such manner as they deem advisable to avoid fractional shares.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
      <div>
        <hr style="COLOR: black" align="left" noshade size="1" width="15%">
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">*&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        Plus an option to purchase up to an additional 2,250,000 shares to cover
        over-allotments.</font></div>
    </div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>2.</em></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Delivery
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      of the Firm Shares shall be made to the Representatives for the accounts of
      the
      several Underwriters in a form reasonably acceptable to the Representatives
      against payment by the Underwriters of the purchase price by wire transfer
      payable in same-day funds to the order of the Company for the Firm Shares to
      be
      sold by it at the office of Needham&#160;&amp; Company, LLC, 445&#160;Park
      Avenue, New York, New York 10022, at 10:00&#160;a.m., New York City time, on the
      third (or, if the purchase price set forth in Section&#160;1(a) hereof is
      determined after 4:30 p.m., New York City time, the fourth) business day after
      the date of this Agreement, or at such time on such other date, not later than
      seven business days after the date of this Agreement, as may be agreed upon
      by
      the Company and the Representatives (such date is hereinafter referred to as
      the
&#8220;Closing Date&#8221;).</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To
      the
      extent the Option is exercised, delivery of the Option Shares against payment
      by
      the Underwriters (in the manner specified above) will take place at the offices
      specified above for the Closing Date at the time and date (which may be the
      Closing Date) specified in the Option Shares Notice.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Shares shall be in definitive form and shall be registered in such names and
      in
      such denominations as </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      Representatives shall request at least two business days prior to the Closing
      Date or the Option Closing Date, as the case may be, by written notice to the
      Company, and shall be delivered by or on behalf of the Company as instructed
      by
      the Representatives through the facilities of The Depository Trust Company
      (&#8220;DTC&#8221;). The Company agrees to make certificates representing the Shares or
      evidence of their issuance available for inspection at least 24&#160;hours prior
      to the Closing Date or the Option Closing Date, as the case may be.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      cost
      of </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">original</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      issue
      tax stamps and other transfer taxes, if any, in connection with the issuance
      and
      delivery of the Firm Shares and Option Shares by the Company to the respective
      Underwriters shall be borne by the Company. The Company will pay and save each
      Underwriter and any subsequent holder of the Shares harmless from any and all
      liabilities with respect to or resulting from any failure or delay in paying
      federal and state stamp and other transfer taxes, if any, which may be payable
      or determined to be payable in connection with the original issuance or sale
      to
      such Underwriter of the Shares.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>3.</em></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Representations
      and Warranties of the Company</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      The
      Company represents, warrants and covenants to each Underwriter
      that:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company meets the </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">requirements</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      for the
      use of Form S-3 under the provisions of the Securities Act of 1933, as amended
      (the &#8220;Act&#8221;), and a registration statement (Registration No.&#160;333-143667) on
      Form&#160;S-3 relating to the Shares, including a base prospectus relating to
      the Shares (the &#8220;Base Prospectus&#8221;) and such amendments thereto as may have been
      required to the date of this Agreement, has been prepared by the Company under
      the Act, and the rules and regulations (collectively referred to as the &#8220;Rules
      and Regulations&#8221;) of the Securities and Exchange Commission (the &#8220;Commission&#8221;)
      thereunder, has been filed with the Commission, and has been declared effective
      by the Commission, and the offering of the Shares complies with Rule 415 under
      the Act. </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">A
      final
      prospectus supplement to the Base Prospectus relating to the Shares and the
      offering thereof will be filed promptly by the Company with the Commission
      in
      accordance with Rule 424(b) of the Rules and Regulations (such final prospectus
      supplement, as so filed, the &#8220;Prospectus Supplement&#8221;). Such registration
      statement at any given time, including the amendments thereto to such time,
      the
      exhibits and any schedules thereto at such time, the documents otherwise deemed
      to be a part thereof or included therein by the Rules and Regulations (including
      </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Rule
      430B
      thereof)</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
      and any
      registration statement relating to the offering contemplated by this Agreement
      and filed pursuant to Rule 462(b) of the Rules and Regulations (&#8220;Rule 462(b)&#8221;),
      is herein called the &#8220;Registration Statement.&#8221; The term &#8220;preliminary prospectus&#8221;
means any preliminary prospectus (including any preliminary prospectus
      supplement) relating to the Shares and the offering thereof as first filed
      with
      the Commission pursuant to Rule 424(b) of the Rules and Regulations (&#8220;Rule
      424(b)&#8221;). The term &#8220;Prospectus&#8221; means the Base Prospectus together with the
      Prospectus Supplement, except that if such Base Prospectus is amended or
      supplemented on or prior to the date on which the Prospectus Supplement was
      first filed pursuant to Rule 424(b), the term &#8220;Prospectus&#8221; shall mean the Base
      Prospectus as so amended or supplemented and as supplemented by the Prospectus
      Supplement. Any reference herein to the Registration Statement, the Base
      Prospectus, a preliminary prospectus, the Prospectus Supplement, or the
      Prospectus shall be deemed to refer to and include the documents incorporated
      by
      reference therein, and any reference herein to the terms &#8220;amend,&#8221; &#8220;amendment&#8221; or
&#8220;supplement&#8221; with respect to the Registration Statement, the Base Prospectus, a
      preliminary prospectus, the Prospectus Supplement, or the Prospectus shall
      be
      deemed to refer to and include the filing of any document under the Securities
      Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), after the time the
      Registration Statement initially became effective (the &#8220;Effective Date&#8221;), the
      date of the Base Prospectus, any preliminary prospectus, the Prospectus
      Supplement, or the Prospectus, as the case may be, and deemed to be incorporated
      therein by reference. The term </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;Issuer
      Free Writing Prospectus&#8221; means any &#8220;issuer free writing prospectus,&#8221; as defined
      in Rule 433 of the Rules and Regulations (&#8220;Rule 433&#8221;), relating to the Shares in
      the form filed or required to be filed with the Commission or, if not required
      to be filed , in the form retained in the Company&#8217;s records pursuant to Rule
      433(g).</font></div>
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    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">No
      order
      preventing or suspending the use of the Base Prospectus, any preliminary
      prospectus, the Prospectus Supplement, the Prospectus or any Issuer Free Writing
      Prospectus has been issued by the Commission, and no stop order suspending
      the
      effectiveness of the Registration Statement (including any related registration
      statement filed pursuant to Rule 462(b)) or any post-effective amendment thereto
      has been issued, and no proceeding for that purpose has been instituted or
      threatened by the Commission. On the Effective Date, on the date the Base
      Prospectus, any preliminary prospectus, the Prospectus Supplement, or the
      Prospectus is first filed with the Commission pursuant to Rule 424(b) (if
      required), at all times during the period through and including the Closing
      Date
      and, if later, the Option Closing Date and when any post-effective amendment
      to
      the Registration Statement becomes effective or any amendment or supplement
      to
      the Prospectus is filed with the Commission, the Registration Statement and
      the
      Prospectus (as amended or as supplemented if the Company shall have filed with
      the Commission any amendment or supplement thereto), including the financial
      statements included or incorporated by reference in the Prospectus, did and
      will
      comply with the applicable provisions of the Act, the Exchange Act, the rules
      and regulations of the Commission under the Exchange Act (the &#8220;Exchange Act
      Rules and Regulations&#8221;), and the Rules and Regulations and will contain all
      statements required to be stated therein in accordance with the Act, the
      Exchange Act, the Exchange Act Rules and Regulations, and the Rules and
      Regulations. As of the applicable effective date as to each part of the
      Registration Statement, no part of the Registration Statement, the Prospectus
      or
      any such amendment or supplement thereto did or will contain an untrue statement
      of a material fact or omit to state a material fact required to be stated
      therein or necessary in order to make the statements therein not misleading.
      At
      the Effective Date, the date the Base Prospectus or any amendment or supplement
      to the Base Prospectus, including any preliminary prospectus or the Prospectus
      Supplement, is filed with the Commission, the date of first use of any
      preliminary prospectus or the Prospectus Supplement, and at the Closing Date
      and, if later, the Option Closing Date, the Prospectus did not and will not
      contain any untrue statement of a material fact or omit to state a material
      fact
      necessary to make the statements therein, in the light of the circumstances
      under which they were made, not misleading. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
      of the
      Applicable Time (as defined below), neither (x) the Issuer General Use Free
      Writing Prospectus(es) (as defined below) issued at or prior to the Applicable
      Time, the Pricing Prospectus (as defined below) and the documents listed on
      </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Schedule
      II</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      hereto,
      all considered together (collectively, the &#8220;General Disclosure Package&#8221;), nor
      (y) any individual Issuer Limited Use Free Writing Prospectus, when considered
      together with the General Disclosure Package, included any untrue statement
      of a
      material fact or omitted to state any material fact necessary in order to make
      the statements therein, in the light of the circumstances under which they
      were
      made, not misleading.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
      used
      in this subsection and elsewhere in this Agreement:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;Applicable
      Time&#8221; means 6:00 pm (Eastern time) on September 20, 2007, or such other time as
      agreed by the Company and Needham &amp; Company, LLC.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;Issuer
      General Use Free Writing Prospectus&#8221; means any Issuer Free Writing Prospectus
      that is intended for general distribution to prospective investors, as evidenced
      by its being specified in </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Schedule
      II</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      hereto.</font></div>
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    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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        </div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
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        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;Issuer
      Limited Use Free Writing Prospectus&#8221; means any Issuer Free Writing Prospectus
      that is not an Issuer General Use Free Writing Prospectus. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;Pricing
      Prospectus&#8221; means the Base Prospectus, as amended or supplemented immediately
      prior to the Applicable Time, including any document incorporated by reference
      therein and any prospectus supplement deemed to be a part thereof. For purposes
      of this definition, information contained in a form of prospectus that is deemed
      retroactively to be a part of the Registration Statement pursuant to Rule 430B
      shall be considered to be included in the Pricing Prospectus only if the actual
      time that form of prospectus is filed with the Commission pursuant to Rule
      424(b) is prior to the Applicable Time.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Each
      Issuer Free Writing Prospectus, as of its issue date and at all subsequent
      times
      through the completion of the public offer and sale of the Shares or until
      any
      earlier date that the issuer notified or notifies Needham &amp; Company, LLC as
      described in the next sentence, did not, does not and will not include any
      information that conflicted, conflicts or will conflict with the information
      contained in the Registration Statement or the Prospectus, including any
      document incorporated by reference therein that has not been superseded or
      modified. If there occurs an event or development as a result of which the
      General Disclosure Package would include an untrue statement of a material
      fact
      or would omit to state a material fact necessary in order to make the statements
      therein, in the light of the circumstances then prevailing, not misleading,
      the
      Company will promptly notify the Representatives so that any use of the General
      Disclosure Package may cease until it is amended or supplemented to correct
      untrue statement or omission. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      foregoing representations and warranties in this Section&#160;3(b) do not apply
      to any statements or omissions made in reliance on and in conformity with
      information furnished in writing to the Company by the Representatives
      specifically for inclusion in the Registration Statement, the Prospectus
      Supplement, the Pricing Prospectus, the Prospectus or any Issuer Free Writing
      Prospectus or any amendment or supplement thereto. The Company acknowledges
      that
      the names of the Underwriters in the first paragraph and the statements set
      forth in the fifth paragraph and under the caption &#8220;Price Stabilization and
      Short Positions&#8221; under the heading &#8220;Underwriting&#8221; in the Pricing Prospectus and
      the Prospectus constitute the only information furnished in writing to the
      Company by the Representatives specifically for inclusion in the Registration
      Statement, the Prospectus Supplement, the Pricing Prospectus, the Prospectus
      and
      any Issuer Free Writing Prospectus.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(i)
      At
      the earliest time after the filing of the Registration Statement that the
      Company or another offering participant made a </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>bona
      fide</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      offer
      (within the meaning of Rule 164(h)(2) of the Rules and Regulations) of the
      Shares and (ii) as of the date hereof, the Company was not and is not an
      Ineligible Issuer (as defined in Rule 405 of the Rules and Regulations (&#8220;Rule
      405&#8221;)), without taking account of any determination by the Commission pursuant
      to Rule 405 that it is not necessary that the Company be considered an
      Ineligible Issuer.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      documents that are incorporated by reference in the Base Prospectus, any
      preliminary prospectus, the Pricing Prospectus and the Prospectus or from which
      information is so incorporated by reference, when they became or become
      effective or were or are filed with the Commission, as the case may be, complied
      or will comply in all material respects with the requirements of the Act or
      the
      Exchange Act, as applicable, and the Rules and Regulations or the Exchange
      Act
      Rules and Regulations, as applicable; and any documents so filed and
      incorporated by reference subsequent to the Effective Date shall, when they
      are
      filed with the Commission, comply in all material respects with the requirements
      of the Act or the Exchange Act, as applicable, and the Rules and Regulations
      or
      the Exchange Act Rules and Regulations, as applicable. No such documents were
      filed with the Commission since the Commission&#8217;s close of business on the
      business day immediately prior to the date of this Agreement and prior to the
      execution of this Agreement, except as set forth on Schedule II hereto.
</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(e)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company does not own, directly or indirectly, any shares of stock or any other
      equity or long-term debt securities of any corporation or have any equity
      interest in any corporation, firm, partnership, joint venture, association
      or
      other entity, other than the subsidiaries listed in Exhibit 21 to the Company&#8217;s
      Annual Report on Form 10-K for the year ended December 31, 2006 (collectively,
      the &#8220;Subsidiaries&#8221;). The Company and each of its Subsidiaries is a corporation
      duly organized, validly existing and in good standing under the laws of its
      jurisdiction of incorporation. The Company and each of its Subsidiaries has
      full
      power and authority to conduct all the activities conducted by it, to own or
      lease all the assets owned or leased by it and to conduct its business as
      described in the Registration Statement, the Pricing Prospectus and the
      Prospectus. The Company and each of its Subsidiaries is duly licensed or
      qualified to do business and in good standing as a foreign corporation in all
      jurisdictions in which the nature of the activities conducted by it or the
      character of the assets owned or leased by it makes such license or
      qualification necessary, except to the extent that the failure to be so
      qualified or be in good standing would not materially and adversely affect
      the
      Company and its Subsidiaries, taken as a whole, or their respective businesses,
      properties, business prospects, conditions (financial or other) or results
      of
      operations, taken as a whole (such effect is referred to herein as a &#8220;Material
      Adverse Effect&#8221;). All of the outstanding shares of capital stock of each
      Subsidiary have been duly authorized and validly issued and are fully paid
      and
      nonassessable, and owned by the Company free and clear of all claims, liens,
      charges and encumbrances; there are no securities outstanding that are
      convertible into or exercisable or exchangeable for capital stock of any
      Subsidiary. The Company and its Subsidiaries are not engaged in any discussions
      or a party to any agreement or understanding, written or oral, regarding the
      acquisition of an interest in any corporation, firm, partnership, joint venture,
      association or other entity where such discussions, agreements or understandings
      would require amendment to the Registration Statement pursuant to applicable
      securities laws. Complete and correct copies of the charter and of the by-laws
      of the Company and each of its Subsidiaries and all amendments thereto have
      been
      delivered to the Representatives, and no changes therein will be made subsequent
      to the date hereof and prior to the Closing Date or, if later, the Option
      Closing Date.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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        </div>
      </div>
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    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(f)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company has authorized, issued and outstanding capital stock as set forth under
      the caption &#8220;Capitalization&#8221; in the Pricing Prospectus and the Prospectus as of
      the respective dates set forth therein. </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">All
      of
      the outstanding shares of </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">capital</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      stock of
      the Company have been duly authorized, validly issued and are fully paid and
      nonassessable and were issued in compliance with all applicable state and
      federal securities laws; the Firm Shares and the Option Shares have been duly
      authorized and when issued and paid for as contemplated herein will be validly
      issued, fully paid and nonassessable; no preemptive or similar rights exist
      with
      respect to any of the Shares or the issue and sale thereof. The descriptions
      of
      the capital stock of the Company in the Registration Statement, the Pricing
      Prospectus and the Prospectus, insofar as they propose to constitute a summary
      of the terms of the capital stock of the Company, fairly and accurately present
      the matters described therein in all material respects. No further approval
      or
      authority of stockholders or the Board of Directors of the Company will be
      required for the issuance and sale of the Firm Shares and the Option Shares
      as
      contemplated herein. </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      certificates evidencing the Shares are in due and proper legal form and have
      been duly authorized for issuance by the Company.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(g)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      financial statements and schedules included or incorporated by reference in
      the
      Registration Statement, the Pricing Prospectus or the Prospectus present fairly
      the financial condition of the Company and its consolidated Subsidiaries as
      of
      the respective dates thereof and the results of operations and cash flows of
      the
      Company and its consolidated Subsidiaries for the respective periods covered
      thereby, all in conformity with </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">generally</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      accepted
      accounting principles applied on a consistent basis throughout the entire period
      involved, except as otherwise disclosed in the Pricing Prospectus or the
      Prospectus. No other financial statements or schedules of the Company are
      required by the Act, the Exchange Act, the Exchange Act Rules and Regulations
      or
      the Rules and Regulations to be included in the Registration Statement, the
      Pricing Prospectus or the Prospectus. Grant Thornton LLP and Ernst &amp; Young
      LLP (the &#8220;Accountants&#8221;), who have reported on such financial statements and
      schedules, are independent accountants with respect to the Company as required
      by the Act and the Rules and Regulations and Rule 3600T of the Public Company
      Accounting Oversight Board (&#8220;PCAOB&#8221;). The summary and selected consolidated
      financial and statistical data included in the Registration Statement, the
      Pricing Prospectus and the Prospectus present fairly the information shown
      therein and have been compiled on a basis consistent with the audited financial
      statements presented and incorporated by reference in the Registration
      Statement, the Pricing Prospectus and the Prospectus. All disclosures contained
      in the Registration Statement or the General Disclosure Package regarding
&#8220;non-GAAP financial measures&#8221; (as such term is defined in the Rules and
      Regulations) comply with Regulation G of the Exchange Act and Item 10 of
      Regulation S-K under the Act, to the extent applicable.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(h)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Subsequent
      to the respective </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">dates</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      as of
      which information is given in the Registration Statement, </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
      Pricing Prospectus </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">and
      the
      Prospectus and prior to or on the Closing Date and, if later, the Option Closing
      Date, except as set forth in or contemplated by the Registration Statement,
      the
      Pricing Prospectus and the Prospectus, (i)&#160;there has not been and will not
      have been any change in the capitalization of the Company (other than in
      connection with the exercise of options to purchase the Company&#8217;s Common Stock
      granted pursuant to the Company&#8217;s stock option plans from the shares reserved
      therefor as described in the Registration Statement and the Pricing Prospectus),
      or any Material Adverse Effect arising for any reason whatsoever, (ii)&#160;
neither the Company nor any of its Subsidiaries has incurred nor will any of
      them incur, except in the ordinary course of business as described in the
      Pricing Prospectus and the Prospectus, any material liabilities or obligations,
      direct or contingent, nor has the Company or any of its Subsidiaries entered
      into nor will it enter into, except in the ordinary course of business as
      described in the Pricing Prospectus and the Prospectus, any material
      transactions other than pursuant to this Agreement and the transactions referred
      to herein and (iii)&#160;the Company has not and will not have paid or declared
      any dividends or other distributions of any kind on any class of its capital
      stock.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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        </div>
      </div>
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    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(i)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      Company
      is not, will </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">not</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      become
      as a result of the transactions </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">contemplated
      hereby, and will not conduct its business in a manner that would cause it to
      become, an &#8220;investment com</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">pany&#8221;
or
      an &#8220;affiliated person&#8221; of, or &#8220;promoter&#8221; or &#8220;principal underwriter&#8221; for, an
&#8220;investment company,&#8221; as such terms are defined in the Investment Company Act of
      1940, as amended.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(j)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Except
      as
      set forth in the Registration Statement, the Pricing Prospectus and the
      Prospectus, there are no actions, suits or proceedings pending or, to the
      knowledge of the </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Company</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
      threatened against or affecting the Company, or any of its Subsidiaries or
      any
      of its or their officers in their capacity as such, nor any basis therefor,
      before or by any federal or state court, commission, regulatory body,
      administrative agency or other governmental body, domestic or foreign, wherein
      an unfavorable ruling, decision or finding would reasonably be likely to have
      a
      Material Adverse Effect.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(k)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company and each Subsidiary has, and at the Closing </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      and, if
      later, the Option Closing Date, will have, performed all the obligations
      required to be performed by it, </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">and</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      is not,
      and at the Closing Date, and, if later, the Option Closing Date, will not be,
      in
      default, under any contract or other instrument to which it is a party or by
      which its property is bound or affected, which default would reasonably be
      likely to have a Material Adverse Effect. To the knowledge of the Company,
      no
      other party under any contract or other instrument to which it or any of its
      Subsidiaries is a party is in default in any respect thereunder, which default
      would reasonably be likely to have a Material Adverse Effect. Neither the
      Company nor any of its Subsidiaries is, and at the Closing Date and, if later,
      the Option Closing Date, will be, in violation of any provision of its charter
      or by-laws or other organizational documents.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(l)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">No
      consent, approval, authorization or order of, or any filing or declaration
      with,
      any court or governmental agency or body is required for the consummation by
      the
      Company of the transactions on its part contemplated herein, except such as
      have
      been obtained under the Act or the Rules and Regulations and such as may be
      required under state securities or Blue Sky laws or the by-laws and rules of
      the
      National Association of Securities Dealers, Inc. (the &#8220;NASD&#8221;) in connection with
      the purchase and distribution by the Underwriters of the Shares.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(m)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company has full corporate power and authority to enter into this Agreement.
      This Agreement has been duly authorized, executed and delivered by the Company.
      The performance of this Agreement and the consummation of the transactions
      contemplated hereby will not result in the creation or imposition of any lien,
      charge or encumbrance upon any of the assets of the Company pursuant to the
      terms or provisions of, or result in a breach or violation of any of the terms
      or provisions of, or conflict with or constitute a default under, or give any
      party a right to terminate any of its obligations under, or result in the
      acceleration of any obligation under, the certificate or articles of
      incorporation or by-laws of the Company or any of its Subsidiaries, any
      indenture, mortgage, deed of trust, voting trust agreement, loan agreement,
      bond, debenture, note agreement or other evidence of indebtedness, lease,
      contract or other agreement or instrument to which the Company or any of its
      Subsidiaries is a party or by which the Company, any of its Subsidiaries or
      any
      of its or their properties is bound or affected, or violate or conflict with
      any
      judgment, ruling, decree, order, statute, rule or regulation of any court or
      other governmental agency or body applicable to the business or properties
      of
      the Company or any of its Subsidiaries.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(n)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company and its Subsidiaries have good and marketable title to all properties
      and assets described in the Pricing Prospectus and the Prospectus as owned
      by
      them, free and clear of all liens, charges, encumbrances or restrictions, except
      for the existing lien in favor of Silicon Valley Bank and such others as are
      described in the Pricing Prospectus and the Prospectus or are not material
      to
      the business of the Company or its Subsidiaries. The Company and its
      Subsidiaries have valid, subsisting and enforceable leases for </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      properties described in the Pricing Prospectus and the Prospectus as leased
      by
      them. The Company and its Subsidiaries own or lease all such properties as
      are
      necessary to their operations as now conducted or as proposed to be conducted,
      except where the failure to so own or lease would not have a Material Adverse
      Effect.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">6</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(o)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">There
      is
      no document, contract, permit or instrument, affiliate transaction or
      off-balance sheet transaction (including, without limitation, any &#8220;variable
      interests&#8221; in &#8220;variable interest entities,&#8221; as such terms are defined in
      Financial Accounting Standards Board Interpretation No. 46) of a character
      required to be described in the Registration Statement, </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
      Pricing Prospectus </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">or
      the
      Prospectus or to be filed as an exhibit to the Registration Statement that
      is
      not described or filed as required. All such contracts to which the Company
      or
      any of its Subsidiaries is a party have been duly authorized, executed and
      delivered by the Company or such Subsidiary, constitute valid and binding
      agreements of the Company or such Subsidiary and are enforceable against and
      by
      the Company or such Subsidiary in accordance with the terms thereof subject,
      as
      to enforcement of remedies, to applicable bankruptcy, reorganization,
      insolvency, moratorium or other laws affecting creditors&#8217; rights generally from
      time to time in effect and to general principles of equity, including without
      limitation, concepts of materiality, reasonableness, good faith and fair
      dealing, regardless of whether considered in a proceeding in equity or at
      law.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(p)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">No
      statement, representation, warranty or covenant made by the Company in this
      Agreement or made in any </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">certificate</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      or
      document required by </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Section</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;5
      of this Agreement to be delivered to the Representatives was or will be, when
      made, inaccurate, untrue or incorrect in any material respect.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(q)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company has not distributed and will not distribute prior to the later of
      (i)&#160;the Closing Date or, if later, the Option Closing Date, and
      (ii)&#160;completion of the distribution of the Shares, any offering material in
      connection with the offering and sale of the Shares other than any preliminary
      prospectuses, the Prospectus, the Registration Statement, any Issuer Free
      Writing Prospectus listed in </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Schedule
      II</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      hereto,
      and other materials, if any, permitted by the Act and the Rules and Regulations.
      Neither</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      the
      Company nor any of its directors, officers or controlling persons has taken,
      directly or indirectly, any action designed, or that would reasonably be
      expected, to cause or result, under the Act or otherwise, in, or that has
      constituted, stabilization or manipulation of the price of any security of
      the
      Company to facilitate the sale or resale of the Shares.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(r)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">No
      holder
      of securities of the Company has rights to the registration of any securities
      of
      the Company because of the </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">filing</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      of the
      Registration Statement, which rights have not been waived by the holder thereof
      as of the date hereof.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(s)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      Common
      Stock is registered under Section 12(b) of the Exchange Act and the Company
      has
      filed an application to list the Shares to be sold by the Company hereunder
      on
      The NASDAQ Stock Market LLC (&#8220;NSM&#8221;), and has received notification that the
      listing has been approved, subject to notice of issuance of such
      Shares.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">disclosed</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      in or
      contemplated by the Pricing Prospectus and the Prospectus (i)&#160;each of the
      Company and each of its Subsidiaries owns or has adequate rights to use all
      trademarks, trade names, domain names, patents, patent </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">rights</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
      copyrights, technology, know-how (including trade secrets </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">and
      other
      unpatented or unpatentable proprietary or confidential information, systems
      or
      procedures), service marks, trade dress rights, and other intellectual property
      </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(collectively,
      &#8220;Intellectual Property&#8221;) and has such other licenses, approvals and governmental
      authorizations, in each case, sufficient to conduct its business as now
      conducted </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">and
      as
      now proposed to be conducted, and, to the Company&#8217;s and its Subsidiaries&#8217;
knowledge, none of the foregoing Intellectual Property rights owned or licensed
      by the Company or any of its Subsidiaries is invalid or
      unenforceable,</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      (ii)&#160;the Company has no knowledge of any infringement by it or any of its
      Subsidiaries of Intellectual Property rights of others, where such infringement
      could have a Material Adverse Effect, (iii)&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
      Company is not aware of any infringement, misappropriation or violation by
      others of, or conflict by others with rights of the Company or any of its
      Subsidiaries with respect to, any Intellectual Property, </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(iv)&#160;there
      is no claim being made against the Company or any of its Subsidiaries or, to
      the
      knowledge of the Company and its Subsidiaries, any employee of the Company
      or
      any of its Subsidiaries, regarding Intellectual Property or other infringement
      that could have a Material Adverse Effect, and (v)&#160;the Company and its
      Subsidiaries have not received any notice of infringement with respect
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">to
      any
      patent or any notice challenging the validity, scope or enforceability of any
      Intellectual Property owned by or licensed to the Company or any of its
      Subsidiaries, in each case the loss of which patent or Intellectual Property
      (or
      loss of rights thereto) would have a Material Adverse Effect</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.</font></div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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        </div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(u)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company and each of its Subsidiaries has filed all federal, state, local and
      foreign income tax returns that have been required to be filed and has paid
      all
      taxes and assessments received by it to the extent that such taxes or
      assessments have become due. Neither the Company nor any of its Subsidiaries
      has
      any tax deficiency that has been or, to the knowledge of the Company, might
      be
      asserted or threatened against it that would be reasonably likely to have a
      Material Adverse Effect.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(v)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company or its Subsidiaries own or possess all authorizations, approvals,
      orders, licenses, registrations, other certificates and permits of and from
      all
      governmental regulatory officials and bodies, necessary to conduct their
      respective businesses as contemplated in </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
      Pricing Prospectus and </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
      Prospectus, except where the failure to own or possess all such authorizations,
      approvals, orders, licenses, registrations, other certificates and permits
      would
      not have a Material Adverse Effect. There is no proceeding pending or threatened
      (or any basis therefor known to the Company) that may cause any such
      authorization, approval, order, license, registration, certificate or permit
      to
      be revoked, withdrawn, cancelled, suspended or not renewed; and the Company
      and
      each of its Subsidiaries is conducting its business in compliance with all
      laws,
      rules and regulations applicable thereto (including, without limitation, all
      applicable federal, state and local environmental laws and regulations) except
      where such noncompliance would not have a Material Adverse Effect.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(w)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company and each of its Subsidiaries maintains insurance of the types and in
      the
      amounts generally deemed adequate for its business, including, but not limited
      to, insurance covering real and personal property owned or leased by the Company
      and its Subsidiaries against theft, damage, destruction, acts of vandalism
      and
      all other risks customarily insured against, all of which insurance is in full
      force and effect.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(x)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Neither
      the Company nor any of its Subsidiaries has nor, to the best of the Company&#8217;s
      knowledge, any of their respective employees or agents at any time during the
      last five years (i)&#160;made any unlawful contribution to any candidate for
      foreign office, or failed to disclose fully any contribution in violation of
      law, or (ii)&#160;made any payment to any federal or state governmental officer
      or official, or other person charged with similar public or quasi-public duties,
      other than payments required or permitted by the laws of the United States
      or
      any jurisdiction thereof.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(y)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      books, records and accounts of the Company and its Subsidiaries accurately
      and
      fairly reflect, in reasonable detail, the transactions in, and dispositions
      of,
      the assets of, and the results of operations of, the Company and its
      Subsidiaries. The Company and each of its Subsidiaries maintains a system of
      internal accounting controls sufficient to provide reasonable assurance that
      (i)&#160;transactions are executed in accordance with management&#8217;s general or
      specific authorization, (ii)&#160;transactions are recorded as necessary to
      permit preparation of the Company&#8217;s consolidated financial statements in
      accordance with generally accepted accounting principles and to maintain asset
      accountability, (iii)&#160;access to assets is permitted only in accordance with
      management&#8217;s general or specific authorization, and (iv)&#160;the recorded
      accountability for assets is compared with the existing assets at reasonable
      intervals and appropriate action is taken with respect to any differences.
      The
      Company&#8217;s internal control over financial reporting is effective and the Company
      is not aware of any material weaknesses in its internal control over financial
      reporting. Since the date of the latest audited financial statements included
      in
      or incorporated by reference in the Pricing Prospectus and the Prospectus,
      there
      has been no change in the Company&#8217;s internal control over financial reporting
      that has materially affected, or is reasonably likely to materially affect,
      the
      Company&#8217;s internal control over financial reporting.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(z)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company maintains disclosure controls and procedures (as defined in
      Rule&#160;13a-14(c) under the Exchange Act); such disclosure controls and
      procedures have been designed to provide reasonable assurances that material
      information relating to the Company and its Subsidiaries is made known to the
      Company&#8217;s principal executive officer and principal financial officer by others
      within those entities; and such disclosure controls and procedures are
      effective.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">8</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
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      </div>
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    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(aa)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company is eligible to use Form S-3 for the registration of securities pursuant
      to the standards of that Form in existence immediately prior to October 21,
      1992.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(bb)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">At
      all
      times during the last five years the Company and each of its Subsidiaries has
      acted (i) in compliance in all material respects with all foreign laws
      applicable to it, including without limitation laws relating to foreign
      investment, foreign exchange control, immigration, import/export, employment
      and
      taxation and (ii) without violation of the Foreign Corrupt Practices Act of
      1977, as amended from time to time.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>4.</em></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Agreements
      of the Company.</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      The
      Company covenants and agrees with the several Underwriters as
      follows:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company will not, either prior to the Applicable Time or thereafter during
      </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">such</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      period
      as the Prospectus is required by law to be delivered in connection with sales
      of
      the Shares by an Underwriter or a dealer, file any amendment or supplement
      to
      the Registration Statement, the Base Prospectus or the Prospectus, unless a
      copy
      thereof shall first have been submitted to the Representatives within a
      reasonable period of time prior to the filing thereof and the Representatives
      shall not have objected thereto in good faith.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company will notify the Representatives promptly, and will confirm such advice
      in writing, (i)&#160;when any amendment to the Registration Statement has been
      filed or becomes effective or any amendment or supplement to the Prospectus
      has
      been filed, (</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ii</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">)&#160;of
      any request by the Commission for amendments or supplements to the Registration
      Statement or the Prospectus or for additional information, (iii)&#160;of the
      issuance by the Commission of any stop order suspending the effectiveness of
      the
      Registration Statement or preventing or suspending the use of the Base
      Prospectus, any preliminary prospectus, the Prospectus Supplement, the
      Prospectus or any Issuer Free Writing Prospectus or the initiation of any
      proceedings for that purpose or the threat thereof, (iv)&#160;of the happening
      of any event during the period mentioned in the third sentence of
      Section&#160;4(e) that in the judgment of the Company makes any statement made
      in the Registration Statement or the Prospectus untrue or that requires the
      making of any changes in the Registration Statement or the Prospectus in order
      to make the statements therein, in the light of the circumstances in which
      they
      are made, not misleading, and (v)&#160;of receipt by the Company or any
      representative or attorney of the Company of any other communication from the
      Commission relating to the Company, the Registration Statement, any preliminary
      prospectus or the Prospectus. If at any time the Commission shall issue any
      order suspending the effectiveness of the Registration Statement or preventing
      or suspending the use of the Base Prospectus, any preliminary prospectus, the
      Prospectus Supplement, the Prospectus or any Issuer Free Writing Prospectus,
      the
      Company will make every reasonable effort to obtain the withdrawal of such
      order
      at the earliest possible moment. If the Company has omitted any information
      from
      the Registration Statement pursuant to Rule 430B of the Rules and Regulations,
      the Company will comply with the provisions of and make all requisite filings
      with the Commission pursuant to said Rule 430B and notify the Representatives
      promptly of all such filings. </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
      the
      Company elects to rely upon Rule 462(b) under the Act, the Company shall file
      a
      registration statement under Rule 462(b) with the Commission in compliance
      with
      Rule 462(b) by 10:00 p.m., Washington, D.C. time, on the date of this Agreement,
      and the Company shall at the time of filing either pay to the Commission the
      filing fee for such Rule 462(b) registration statement or give irrevocable
      instructions for the payment of such fee pursuant to the Rules and
      Regulations.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company will furnish to </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">each</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      Representative, without charge, one signed copy of each of the Registration
      Statement and of any pre- or post-effective amendment thereto, including
      financial statements and schedules, and all exhibits thereto and will furnish
      to
      the Representatives, without charge, for transmittal to each of the other
      Underwriters, a copy of the Registration Statement and any pre- or
      post-effective amendment thereto, including financial statements and schedules
      but without exhibits.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company will comply with all the provisions of any undertakings contained in
      the
      Registration Statement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(e)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">So
      long
      as delivery of a prospectus by an Underwriter or dealer may be required by
      the
      Act (including in circumstances where such requirement may be satisfied pursuant
      to Rule 172 of the Rules and Regulations), the Company will deliver to each
      of
      the Underwriters, without charge, as many written and electronic copies of
      each
      preliminary prospectus, the Base Prospectus, the Prospectus Supplement, the
      Prospectus and each Issuer Free Writing Prospectus as the Representatives may
      reasonably request. The Company consents to the use of each preliminary
      prospectus, the Base Prospectus, the Prospectus Supplement, the Prospectus,
      each
      Issuer Free Writing Prospectus or any amendment or supplement thereto by the
      Underwriters and by all dealers to whom the Shares may be sold, both in
      connection with the offering or sale of the Shares and for any period of time
      thereafter during which the Prospectus is required by law to be delivered in
      connection therewith. If during such period of time any event shall occur that
      in the judgment of the Company or counsel to the Underwriters should be set
      forth in the Prospectus in order to make any statement therein, in the light
      of
      the circumstances under which it was made, not misleading, or if it is necessary
      to supplement or amend the Prospectus to comply with law, the Company will
      forthwith prepare and duly file with the Commission an appropriate supplement
      or
      amendment thereto, and will deliver to each of the Underwriters, without charge,
      such number of copies of such supplement or amendment to the Prospectus as
      the
      Representatives may reasonably request. The Company will not file any document
      under the Exchange Act or the Exchange Act Rules and Regulations before the
      termination of the offering of the Shares by the Underwriters, if such document
      would be deemed to be incorporated by reference into the Prospectus, that is
      not
      approved by the Representatives after reasonable notice thereof, unless such
      filing is required by law. If at any time following issuance of an Issuer Free
      Writing Prospectus there occurred or occurs an event or development as a result
      of which such Issuer Free Writing Prospectus conflicted or would conflict with
      the information contained in the Registration Statement, the Pricing Prospectus
      or the Prospectus or included or would include an untrue statement of a material
      fact or omitted or would omit to state a material fact necessary in order to
      make the statements therein, in the light of the circumstances prevailing at
      that subsequent time, not misleading, the Company will promptly notify Needham
      &amp; Company, LLC and, if requested by Needham &amp; Company, LLC, will
      promptly amend or supplement, at its own expense, such Issuer Free Writing
      Prospectus to eliminate or correct such conflict, untrue statement or
      omission.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(f)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Prior
      to
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      Shares,
      the Company will cooperate with the Representatives and counsel to the
      Underwriters in connection with the registration or qualification of the Shares
      for offer and sale under the securities or Blue Sky laws of such jurisdictions
      as the Representatives may request; provided, that in no event shall the Company
      be obligated to qualify to do business in any jurisdiction where it is not
      now
      so qualified or to take any action that would subject it to general service
      of
      process in any jurisdiction where it is not now so subject.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(g)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company will, so long as required under the Rules and </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Regulations</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
      furnish
      to its stockholders as soon as practicable after the end of each fiscal year
      an
      annual report (including a balance sheet and statements of income, stockholders&#8217;
equity and cash flow of the Company and its consolidated Subsidiaries, if any,
      certified by independent public accountants) and, as soon as practicable after
      the end of each of the first three quarters of each fiscal year (beginning
      with
      the fiscal quarter ending after the effective date of the Registration
      Statement), consolidated summary financial information of the Company and its
      Subsidiaries, if any, for such quarter in reasonable detail. The requirements
      of
      this Section 4(g) shall be deemed to be satisfied if the Company timely files
      the periodic reports required to be filed by it with the Commission under the
      Exchange Act.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(h)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company will make generally available to holders of its securities (which may
      include without limitation the public filing of the same by the Company with
      the
      Commission) as soon as may be practicable, but in no event later than the
      Availability Date (as defined below), an earning statement (which need not
      be
      audited but shall be in reasonable detail) covering a period of 12&#160;months
      commencing after the Effective Date that will satisfy the provisions of Section
      11(a) of the Act (including Rule&#160;158 of the Rules and Regulations).
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">For
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      purpose of the preceding sentence, &#8220;Availability Date&#8221; means the 45th day after
      the end of the fourth fiscal quarter following the fiscal quarter that includes
      such Effective Date, except that if such fourth fiscal quarter is the last
      quarter of the Company&#8217;s fiscal year, &#8220;Availability Date&#8221; means the 90th day
      after the end of such fourth fiscal quarter.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(i)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Whether
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      are
      consummated or this Agreement is terminated, the Company will pay or reimburse
      if paid by the Representatives all costs and expenses incident to the
      performance of the obligations of the Company under this Agreement and in
      connection with the transactions contemplated hereby, including but not limited
      to costs and expenses of or relating to (i)&#160;the preparation, printing and
      filing of the Registration Statement and exhibits to it, each preliminary
      prospectus, the Base Prospectus, the Prospectus Supplement, Pricing Prospectus,
      Prospectus, any Issuer Free Writing Prospectus, and any amendment or supplement
      thereto, (ii)&#160;the preparation and delivery of certificates representing the
      Shares, (iii)&#160;the printing of this Agreement, the Agreement Among
      Underwriters, any Selected Dealer Agreements, any Underwriters&#8217; Questionnaires,
      any Underwriters&#8217; Powers of Attorney, and any invitation letters to prospective
      Underwriters, (iv)&#160;furnishing (including costs of shipping and mailing)
      such copies of the Registration Statement, any preliminary prospectus, the
      Base
      Prospectus, the Prospectus Supplement, the Prospectus, and any Issuer Free
      Writing Prospectus, and all amendments and supplements thereto, as may be
      requested for use in connection with the offering and sale of the Shares by
      the
      Underwriters or by dealers to whom Shares may be sold, (v)&#160;the listing of
      the Shares on the NSM, (vi)&#160;any filings required to be made by the
      Underwriters with the NASD, and the fees, disbursements and other charges of
      counsel for the Underwriters in connection therewith, (vii)&#160;the
      registration or qualification of the Shares for offer and sale under the
      securities or Blue Sky laws of such jurisdictions designated pursuant to
      Section&#160;4(f), including the reasonable fees, disbursements and other
      reasonable charges of counsel to the Underwriters in connection therewith not
      to
      exceed $5,000, and the preparation and printing of preliminary, supplemental
      and
      final Blue Sky memoranda, (viii)&#160;fees, disbursements and other charges of
      counsel to the Company (but not those of counsel for the Underwriters, except
      as
      otherwise provided herein) and of the Accountants, (ix)&#160;the transfer agent
      for the Shares, and (x) any travel expenses of the Company&#8217;s officers, directors
      and employees and any other expenses of the Company in connection with attending
      or hosting meetings with prospective purchasers of the Shares.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(j)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Company</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      will not
      at any time, directly or indirectly, take any action designed or that would
      reasonably be expected to cause or result in, or that will constitute,
      stabilization of the price of the shares of Common Stock to facilitate the
      sale
      or resale of any of the Shares.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(k)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company will apply the net proceeds from the offering and sale of the Shares
      to
      be sold by the Company in the manner set forth in the Pricing Prospectus and
      the
      Prospectus under &#8220;Use of Proceeds.&#8221;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(l)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">During
      the period </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">beginning</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      from the
      date hereof and continuing to and including the date that is 90&#160;days after
      the date of the Prospectus, without the prior written consent of Needham &amp;
Company, LLC, the Company will not (1)&#160;offer, sell, contract to sell,
      pledge, grant options, warrants or rights to purchase, or otherwise dispose
      of
      any equity securities of the Company or any other securities convertible into
      or
      exchangeable for its Common Stock or other equity security (other than pursuant
      to the Company&#8217;s existing employee benefit plans, stock option plans or other
      employee compensation plans disclosed in the Pricing Prospectus or the
      Prospectus, or pursuant to the exercise of outstanding options or warrants
      or
      the conversion of convertible securities outstanding on the date of this
      Agreement) </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">or
      (2)
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">enter
      into any swap or other derivatives transaction that transfers to </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">another</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
      in
      whole or in part, any of the economic benefits or risks of ownership of shares
      of Common Stock, whether any such </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">transaction</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      described in clause (1) or (2) above is to be settled by delivery of Common
      Stock or other securities, in cash or otherwise; provided, however, that
      i</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">f
      (a)
      during the last 17 days of </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">such
      90-day period </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
      Company issues an earnings release or material news or a material event relating
      to the Company occurs or (b) prior to the expiration of such 90-day period,
      the
      Company announces that it will release earnings results during the 16-day period
      beginning on the last day of such 90-day period, the restrictions imposed by
      this Section 4(l) shall continue to apply until the expiration of the 18-day
      period beginning on the issuance of the earnings release or the occurrence
      of
      the material news or material event, unless Needham &amp; Company, LLC waives,
      in writing, such extension.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(m)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">During
      the period of 90&#160;days after the date of the Prospectus, the Company will
      not, without the prior written consent of Needham &amp; Company, LLC, grant
      options to purchase shares of Common Stock at a price less than the initial
      public offering price (other than pursuant to the Company&#8217;s existing employee
      benefit plans, stock option plans or other employee compensation plans). During
      the period of 90 days after the date of the Prospectus, the Company will not
      file with the Commission or cause to become effective any registration statement
      relating to any securities of the Company without the prior written consent
      of
      Needham &amp; Company, LLC.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(n)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company will cause each of its executive officers, directors and Oak Investment
      Partners to, enter into lock-up agreements with the Representatives to the
      effect that they will not, without the prior written consent of Needham &amp;
Company, LLC, sell, contract to sell or otherwise dispose of any shares of
      Common Stock or rights to acquire such shares according to the terms set forth
      in </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Schedule&#160;III</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      hereto.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>5.</em></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Further
      Agreements.</em></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company represents and agrees that, without the prior written consent of
      Needham&#160;&amp; Company, LLC, and each Underwriter represents and agrees
      that, without the prior written consent of the Company and Needham &amp;
Company, LLC, it has not made and will not make any offer relating to the Shares
      that would constitute a &#8220;free writing prospectus&#8221; as defined in Rule 405. Any
      such Free Writing Prospectus the use of which has been consented to by the
      Company and Needham &amp; Company, LLC is listed on </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Schedule
      II</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      and
      herein called a &#8220;Permitted Free Writing Prospectus.&#8221;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company agrees that it has treated and will treat, as the case may be, each
      Permitted Free Writing Prospectus as an Issuer Free Writing Prospectus and
      that
      it has complied and will comply, as the case may be, with the requirements
      of
      Rules 164 and 433 of the Rules and Regulations applicable to any Permitted
      Free
      Writing Prospectus, including timely Commission filing where required, record
      keeping and legending.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>6.</em></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Conditions
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      obligations of each Underwriter hereunder are subject to the following
      conditions:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">All
      filings required by Rule&#160;424 and Rule 430A of the Rules and Regulations
      shall have been made. If the Company has elected to rely upon Rule 462(b),
      the
      registration statement filed under Rule 462(b) shall have become effective
      by
      10:00 p.m., Washington, D.C. time, on the date of this Agreement.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(i)</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;No
      stop order suspending the effectiveness of the Registration Statement or
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">preventing
      or suspending the use of the Base Prospectus, any preliminary prospectus, the
      Prospectus Supplement, the Prospectus or any Issuer Free Writing Prospectus
      </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">shall
      have been issued and no proceedings for that purpose shall be pending or
      threatened by the Commission, (ii)&#160;no order suspending the effectiveness of
      the Registration Statement or the qualification or registration of the Shares
      under the securities or Blue Sky laws of any jurisdiction shall be in effect
      and
      no proceeding for such purpose shall be pending before or threatened or
      contemplated by the Commission or the authorities of any such jurisdiction,
      (iii)&#160;any request for additional information on the part of the staff of
      the Commission or any such authorities shall have been complied with to the
      satisfaction of the staff of the Commission or such authorities, (iv)&#160;after
      the date hereof no amendment or supplement to the Registration Statement, the
      Prospectus or the Pricing Prospectus shall have been filed unless a copy thereof
      was first submitted to the Representatives and the Representatives do not object
      thereto in good faith, and (v)&#160;the Representatives shall have received
      certificates, dated the Closing Date and, if later, the Option Closing Date
      and
      signed by the Chief Executive Officer and the Chief Financial Officer of the
      Company (who may, as to proceedings threatened, rely upon the best of their
      information and belief), to the effect of clauses&#160;(i), (ii) and (iii) of
      this paragraph.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Since
      the
      respective dates as of which information is given in the Registration Statement
      and the Pricing Prospectus, (i)&#160;there shall not have been a material
      adverse change in the general affairs, business, business prospects, properties,
      management, condition (financial or otherwise) or results of operations of
      the
      Company or any of its Subsidiaries, whether or not arising from transactions
      in
      the ordinary course of business, in each case other than as described in or
      contemplated by the Registration Statement and the Pricing Prospectus, and
      (ii)&#160; neither the Company nor any of its Subsidiaries shall have sustained
      any material loss or interference with its business or properties from fire,
      explosion, flood or other casualty, whether or not covered by insurance, or
      from
      any labor dispute or any court or legislative or other governmental action,
      order or decree, which is not described in the Registration Statement and the
      Pricing Prospectus, if in the judgment of the Representatives any such
      development makes it impracticable or inadvisable to consummate the sale and
      delivery of the Shares by the Underwriters at the initial public offering
      price.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Since
      the
      respective dates as of which information is given in the Registration Statement
      and the Pricing Prospectus, there shall have been no litigation or other
      proceeding instituted against the Company or any of its Subsidiaries, or any
      of
      their officers or directors in their capacities as such, before or by any
      federal, state or local court, commission, regulatory body, administrative
      agency or other governmental body, domestic or foreign, in which litigation
      or
      proceeding an unfavorable ruling, decision or finding would, in the judgment
      of
      the Representatives, have a Material Adverse Effect or if, in the judgment
      of
      the Representatives, any such development makes it impracticable or inadvisable
      to consummate the sale and delivery of the Shares by the Underwriters at the
      initial public offering price.</font></div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">12</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(e)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Each
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      and
      warranties of the Company contained herein shall be true and correct in all
      respects (in the case of any representation and warranty containing a
      materiality or Material Adverse Effect qualification) or in all material
      respects at the Closing Date and, with respect to the Option Shares, at the
      Option Closing Date, and all covenants and agreements contained herein to be
      performed on the part of the Company and all conditions contained herein to
      be
      fulfilled or complied with by the Company at or prior to the Closing Date and,
      with respect to the Option Shares, at or prior to the Option Closing Date,
      shall
      have been duly performed, fulfilled or complied with.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(f)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Representatives shall have received an opinion,&#160;dated the Closing Date and,
      with respect to the Option Shares, the Option Closing Date, satisfactory in
      form
      and substance previously agreed to by the Representatives and counsel for the
      Underwriters from Dorsey &amp; Whitney LLP,&#160;U.S. and U.K. counsel to
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      Company.
      The Representatives shall have also received an opinion, dated the Closing
      Date
      and, with respect to the Option Shares, the Option Closing Date, satisfactory
      in
      form and substance previously agreed to by the Representatives and counsel
      for
      the Underwriters from Herzog, Fox &amp; Neeman, Israeli counsel to </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      Company.
</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(g)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Representatives shall have received an opinion, dated the Closing Date or the
      Option Closing Date, as the case may be, from Choate, Hall &amp; Stewart LLP,
      counsel to the Underwriters, satisfactory in form and substance to the
      Representatives.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(h)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Concurrently</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">with</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      the
      execution and delivery of this Agreement, the Accountants shall have furnished
      to the Representatives a letter, dated the date of its delivery, addressed
      to
      the Representatives and in form and substance satisfactory to the
      Representatives, confirming that they are independent accountants with respect
      to the Company and its Subsidiaries as required by the Act and the Exchange
      Act
      and the Rules and Regulations and with respect to certain financial and other
      statistical and numerical information contained or incorporated by reference
      in
      the Registration Statement. At the Closing Date and, as to the Option Shares,
      the Option Closing Date, the Accountants shall have furnished to the
      Representatives a letter, dated the date of its delivery, which shall confirm,
      on the basis of a review in accordance with the procedures set forth in the
      letter from the Accountants, that nothing has come to their attention during
      the
      period from the date of the letter referred to in the prior sentence to a date
      (specified in the letter) not more than three days prior to the Closing Date
      and
      the Option Closing Date, as the case may be, which would require any change
      in
      their letter dated the date hereof if it were required to be dated and delivered
      at the Closing Date and the Option Closing Date.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(i)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">At
      the
      Closing Date and, as to the Option Shares, the Option Closing Date, there shall
      be furnished to the Representatives a certificate, dated the date of its
      delivery, signed by each of the Chief Executive Officer and the Chief Financial
      Officer of the Company, in form and substance satisfactory to the
      Representatives, to the effect that:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 45pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 28.8pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(i)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Each
      signer of such certificate has carefully examined the Registration Statement,
      the Prospectus and the General Disclosure Package (including any documents
      filed
      under the Exchange Act and deemed to be incorporated by reference into the
      Pricing Prospectus and the Prospectus) and (A)&#160;as of the date of such
      certificate, such documents are true and correct in all material respects and
      do
      not omit to state a material fact required to be stated therein or necessary
      in
      order to make the statements therein not untrue or misleading and (B)&#160;in
      the case of the certificate delivered at the Closing Date and the Option Closing
      Date, since the Effective Date no event has occurred as a result of which it
      is
      necessary to amend or supplement the Prospectus in order to make the statements
      therein not untrue or misleading.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 45pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 28.8pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(ii)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Each
      of
      the representations and warranties of the Company contained in this Agreement
      were, when originally made, and are, at the time such certificate is delivered,
      true and correct.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        </div>
      </div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">13</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 45pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 28.8pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(iii)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Each
      of
      the covenants required to be performed by the Company herein on or prior to
      the
      date of such certificate has been duly, timely and fully performed and each
      condition herein required to be satisfied or fulfilled on or prior to the date
      of such certificate has been duly, timely and fully satisfied or
      fulfilled.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(j)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      or
      prior to </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      Closing
      Date, the Representatives shall have received the executed agreements referred
      to in Section&#160;4(n).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(k)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Shares shall be qualified for sale in such jurisdictions as the Representatives
      may reasonably request and each such </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">qualification</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      shall be
      in effect and not subject to any stop order or other proceeding on the Closing
      Date or the Option Closing Date.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(l)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Prior
      to
      the Closing Date, the Shares shall have been duly authorized for listing on
      the
      NSM upon official notice of issuance.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(m)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Company</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      shall
      have furnished to the Representatives such certificates, in addition to those
      specifically mentioned herein, as the Representatives may have reasonably
      requested as to the accuracy and completeness at the Closing Date and the Option
      Closing Date of any statement in the Registration Statement or the Prospectus,
      as to the accuracy at the Closing Date and the Option Closing Date of the
      representations and warranties of the Company herein, as to the performance
      by
      the Company of its obligations hereunder, or as to the fulfillment of the
      conditions concurrent and precedent to the obligations hereunder of the
      Representatives.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>7.</em></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Indemnification.</em></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company will indemnify and hold harmless each Underwriter, the directors,
      officers, employees and agents of each Underwriter and each person, if any,
      who
      controls each Underwriter within the meaning of Section&#160;15 of the Act or
      Section&#160;20 of the Exchange Act (each, an &#8220;Indemnified Party&#8221;), from and
      against any and all losses, claims, liabilities, expenses and damages (including
      any and all investigative, legal and other expenses reasonably incurred by
      such
      Indemnified Party in connection with, and any amount paid by such Indemnified
      Party in settlement of, any action, suit or proceeding or any claim asserted),
      to which they, or any of them, may become subject under the Act, the Exchange
      Act or other federal or state statutory law or regulation, at common law or
      otherwise, insofar as such losses, claims, liabilities, expenses or damages
      arise out of or are based on any untrue statement or alleged untrue statement
      of
      a material fact contained in the Registration Statement, any preliminary
      prospectus, the Base Prospectus, the Pricing Prospectus, the Prospectus or
      any
      amendment or supplement thereto or any Issuer Free Writing Prospectus or any
      &#8220;issuer information&#8221; filed or required to be filed pursuant to Rule 433(d) of
      the Rules and Regulations, or the omission or alleged omission to state in
      such
      document a material fact required to be stated in it or necessary to make the
      statements in it not misleading in the light of the circumstances in which
      they
      were made, or arise out of or are based in whole or in part on any inaccuracy
      in
      the representations and warranties of the Company contained herein or any
      failure of the Company to perform its obligations hereunder or under law in
      connection with the transactions contemplated hereby; </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>provided</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
      </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>however</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
      that
      the Company will not be liable to the extent that such loss, claim, liability,
      expense or damage arises from the sale of the Shares in the public offering
      to
      any person by an Underwriter and is based on an untrue statement or omission
      or
      alleged untrue statement or omission made in reliance on and in conformity
      with
      information furnished in writing to the Company by the Representatives, on
      behalf of any Underwriter, expressly for inclusion in the Registration
      Statement, any preliminary prospectus, the Base Prospectus, the Pricing
      Prospectus, the Prospectus or any Issuer Free Writing Prospectus. The Company
      acknowledges that the names of the Underwriters in the first paragraph and
      the
      statements set forth in the fifth paragraph and under the caption &#8220;Price
      Stabilization and Short Positions&#8221; under the heading &#8220;Underwriting&#8221; in the
      Pricing Prospectus and the Prospectus constitute the only information furnished
      in writing to the Company by the Representatives on behalf of the Underwriters
      expressly for inclusion in the Registration Statement, any preliminary
      prospectus, the Base Prospectus, the Pricing Prospectus, the Prospectus or
      any
      Issuer Free Writing Prospectus. This indemnity agreement will be in addition
      to
      any liability that the Company might otherwise have.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
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        </div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">14</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
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    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Each
      Underwriter will indemnify and hold harmless the Company, each director of
      the
      Company, each officer of the Company who signs the Registration Statement,
      each
      person, if any, who controls the Company within the meaning of Section&#160;15
      of the Act or Section&#160;20 of the Exchange Act, to the same extent as the
      foregoing indemnity from the Company to each Underwriter, as set forth in
      Section&#160;7(a), but only insofar as losses, claims, liabilities, expenses or
      damages arise out of or are based on any untrue statement or omission or alleged
      untrue statement or omission made in reliance on and in conformity with
      information furnished in writing to the Company by the Representatives, on
      behalf of such Underwriter, expressly for use in the Registration Statement,
      any
      preliminary prospectus, the Base Prospectus, the Pricing Prospectus, the
      Prospectus or any Issuer Free Writing Prospectus. The Company acknowledges
      that
      the names of the Underwriters in the first paragraph and the statements set
      forth in the fifth paragraph and under the caption &#8220;Price Stabilization and
      Short Positions&#8221; under the heading &#8220;Underwriting&#8221; in the Pricing Prospectus and
      the Prospectus constitute the only information furnished in writing to the
      Company by the Representatives on behalf of the Underwriters expressly for
      inclusion in the Registration Statement, any preliminary prospectus, the Base
      Prospectus, the Pricing Prospectus, the Prospectus or any Issuer Free Writing
      Prospectus. This indemnity will be in addition to any liability that each
      Underwriter might otherwise have.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Any</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      party
      that proposes to assert the </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">right</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      to be
      indemnified under this Section&#160;7 shall, promptly after receipt of notice of
      commencement of any action against such party in respect of which a claim is
      to
      be made against an indemnifying party or parties under this Section&#160;7,
      notify each such indemnifying party in writing of the </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">commencement</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      of such
      action, enclosing with such notice a copy of </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">all</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      papers
      served, but the omission so to notify such indemnifying party will not relieve
      it from any liability that it may have to any indemnified party under the
      foregoing provisions of this Section 7 unless, and only to the extent that,
      such
      omission results in the loss of substantive rights or defenses by the
      indemnifying party. If any such action is brought against any indemnified party
      and it notifies the indemnifying party of its commencement, the indemnifying
      party will be entitled to participate in and, to the extent that it elects
      by
      delivering written notice to the indemnified party promptly after </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">receiving</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      notice
      of the commencement of the action from the indemnified party, jointly with
      any
      other indemnifying party similarly notified, to assume the defense of the
      action, with counsel reasonably satisfactory to the indemnified party. After
      notice from the indemnifying party to the indemnified party of its election
      to
      assume the defense, the indemnifying party will not be liable to the indemnified
      party for any legal or other expenses except as provided below and except for
      the reasonable costs of investigation incurred by the indemnified party in
      connection with the defense. The indemnified party will have the right to employ
      its own counsel in any such action, but the fees, expenses and other charges
      of
      such counsel will be at the expense of such indemnified party unless
      (i)&#160;the employment of counsel by the indemnified party has been authorized
      in writing by the indemnifying party, (ii)&#160;the indemnified party has
      reasonably concluded (based on advice of counsel) that there may be legal
      defenses available to it or other indemnified parties that are different from
      or
      in addition to those available to the indemnifying party, (iii)&#160;a conflict
      or potential conflict exists (based on advice of counsel to the indemnified
      party) between the indemnified party and the indemnifying party (in which case
      the indemnifying party will not have the right to direct the defense of such
      action on behalf of the indemnified party), or (iv)&#160;the indemnifying party
      has not in fact employed counsel reasonably satisfactory to the indemnified
      party to assume the defense of such action within a reasonable time after
      receiving notice of the commencement of the action, in each of which cases
      the
      reasonable fees, disbursements and other charges of counsel will be at the
      expense of the indemnifying party or parties. It is understood that the
      indemnifying party or parties shall not, in connection with any proceeding
      or
      related proceedings in the same jurisdiction, be liable for the reasonable
      fees,
      disbursements and other charges of more than one separate firm admitted to
      practice in such jurisdiction at any one time for all such indemnified party
      or
      parties. All such fees, disbursements and other charges will be reimbursed
      by
      the indemnifying party promptly as they are incurred. </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">No
      indemnifying party shall, without the prior written consent of the indemnified
      party, effect any settlement of any pending or threatened action in respect
      of
      which any indemnified party is or could have been a party and indemnity could
      have been sought hereunder by such indemnified party unless such settlement
      (i)
      includes an unconditional release of such indemnified party from all liability
      on any claims that are the subject matter of such action and (ii) does not
      include a statement as to, or an admission of, fault, culpability or a failure
      to act by or on behalf of an indemnified party. An indemnifying party will
      not
      be liable for any settlement of any action or claim effected without its written
      consent (which consent will not be unreasonably withheld or
      delayed).</font></div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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        </div>
      </div>
      <div id="HDR">
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
      the
      indemnification provided </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">for</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      in this
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Section</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;7
      is applicable in accordance with its terms but for any reason is held to be
      </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">unavailable</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      to or
      insufficient to hold harmless an indemnified party under paragraphs (a), (b)
      and
      (c) of this Section&#160;7 in respect of any losses, claims, liabilities,
      expenses and damages referred to therein, then each applicable indemnifying
      party, in lieu of indemnifying such indemnified party, shall contribute to
      the
      amount paid or payable (including any investigative, legal and other expenses
      reasonably incurred in connection with, and any amount paid in settlement of,
      any action, suit or proceeding or any claim asserted, but after deducting any
      contribution received by the Company from persons other than the Underwriters,
      such as persons who control the Company within the meaning of the Act, officers
      of the Company who signed the Registration Statement and directors of the
      Company, who also may be liable for contribution) by such indemnified party
      as a
      result of such losses, claims, liabilities, expenses and damages in such
      proportion as shall be appropriate to reflect the relative benefits received
      by
      the Company, on the one hand, and the Underwriters, on the other hand. The
      relative benefits received by the Company, on the one hand, and the
      Underwriters, on the other hand, shall be deemed to be in the same proportion
      as
      the total net proceeds from the offering (before deducting expenses) received
      by
      the Company bear to the total underwriting discounts and commissions received
      by
      the Underwriters, in each case as set forth in the table on the cover page
      of
      the Prospectus. If, but only if, the allocation provided by the foregoing
      sentence is not permitted by applicable law, the allocation of contribution
      shall be made in such proportion as is appropriate to reflect not only the
      relative benefits referred to in the foregoing sentence but also the relative
      fault of the Company, on the one hand, and the Underwriters, on the other hand,
      with respect to the statements or omissions that resulted in such loss, claim,
      liability, expense or damage, or action in respect thereof, as well as any
      other
      relevant equitable considerations with respect to such offering. Such relative
      fault shall be determined by reference to whether the untrue or alleged untrue
      statement of a material fact or omission or alleged omission to state a material
      fact relates to information supplied by the Company or the Representatives
      on
      behalf of the Underwriters, the intent of the parties and their relative
      knowledge, access to information and opportunity to correct or prevent such
      statement or omission. The Company and the Underwriters agree that it would
      not
      be just and equitable if contributions pursuant to this Section 7(d) were to
      be
      determined by pro rata allocation (even if the Underwriters were treated as
      one
      entity for such purpose) or by any other method of allocation that does not
      take
      into account the equitable considerations referred to herein. The amount paid
      or
      payable by an indemnified party as a result of the loss claim, liability,
      expense or damage, or action in respect thereof, referred to above in this
      Section&#160;7(d) shall be deemed to include, for purposes of this Section 7(d),
      any legal or other expenses reasonably incurred by such indemnified party in
      connection with investigating or defending any such action or claim.
      Notwithstanding the provisions of this Section 7(d), no Underwriter shall be
      required to contribute any amount in excess of the underwriting discounts
      received by it and no person found guilty of fraudulent misrepresentation
      (within the meaning of Section 11(f) of the Act) will be entitled to
      contribution from any person who was not guilty of such fraudulent
      misrepresentation. The Underwriters&#8217; obligations to contribute as provided in
      this Section 7(d) are several in proportion to their respective underwriting
      obligations and not joint. For purposes of this Section 7(d), any person who
      controls a party to this Agreement within the meaning of the Act will have
      the
      same rights to contribution as that party, and each officer of the Company
      who
      signed the Registration Statement will have the same rights to contribution
      as
      the Company, subject in each case to the provisions hereof. Any party entitled
      to contribution, promptly after receipt of notice of commencement of any action
      against any such party in respect of which a claim for contribution may be
      made
      under this Section 7(d), will notify any such party or parties from whom
      contribution may be sought, but the omission so to notify will not relieve
      the
      party or parties from whom contribution may be sought from any other obligation
      it or they may have under this Section 7(d). No party will be liable for
      contribution with respect to any action or claim settled without its written
      consent (which consent will not be unreasonably withheld).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(e)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      indemnity and contribution </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">agreements</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      contained in this Section 7 and the representations and warranties of the
      Company contained in this Agreement shall remain operative and in full force
      and
      effect regardless of (i)&#160;any investigation made by or on behalf of the
      Underwriters, (ii)&#160;acceptance of any of the Shares and payment therefor, or
      (iii)&#160;any termination of this Agreement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>8.</em></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Reimbursement
      of Certain Expenses. </em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
      addition to its other obligations under Section&#160;7(a) of this Agreement, the
      Company hereby agrees to reimburse the Underwriters on a quarterly basis for
      all
      reasonable legal and other expenses incurred in connection with investigating
      or
      defending any claim, action, investigation, inquiry or other proceeding arising
      out of or based upon, in whole or in part, any statement or omission or alleged
      statement or omission, or any inaccuracy in the representations and warranties
      of the Company contained herein or failure of the Company to perform its
      obligations hereunder or under law, all as described in Section&#160;7(a),
      notwithstanding the absence of a judicial determination as to the propriety
      and
      enforceability of the obligations under this Section&#160;8 and the possibility
      that such payment might later be held to be improper; </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>provided,
      however,</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      that, to
      the extent any such payment is ultimately held to be improper, the persons
      receiving such payments shall promptly refund them.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>9.</em></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Termination.
      </em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      obligations of the several Underwriters under this Agreement may be terminated
      at any time on or prior to the Closing Date (or, with respect to the Option
      Shares, on or prior to the Option Closing Date), by notice to the Company from
      the Representatives, without liability on the part of any Underwriter to the
      Company if, prior to delivery and payment for the Firm Shares or Option Shares,
      as the case may be, in the sole judgment of the Representatives,
      (i)&#160;trading in any of the equity securities of the Company shall have been
      suspended or limited by the Commission or by The NASDAQ Stock Market,
      (ii)&#160;trading in securities generally on the New York Stock Exchange or The
      NASDAQ Stock Market</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>&#160;</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">shall
      have been suspended or limited or minimum or maximum prices shall have been
      generally established on such exchange, or additional material governmental
      restrictions, not in force on the date of this Agreement, shall have been
      imposed upon trading in securities generally by such exchange, by order of
      the
      Commission or any court or other governmental authority, or by The NASDAQ Stock
      Market, (iii)&#160;a general banking moratorium shall have been declared by
      either federal or New York State</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>&#160;</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">authorities
      or any material disruption of the securities settlement or clearance services
      in
      the United States shall have occurred, or (iv)&#160;any material adverse change
      in the financial or securities markets in the United States or in political,
      financial or economic conditions in the United States, any outbreak or material
      escalation of hostilities involving the United States, a declaration of a
      national emergency or war by the United States, or other major calamity or
      crisis, either within or outside the United States,</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>&#160;</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">shall
      have occurred, the effect of which is such as to make it, in the sole judgment
      of the Representatives, impracticable or inadvisable to proceed with completion
      of the public offering or the delivery of and payment for the
      Shares.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
      this
      Agreement is terminated pursuant to this Section&#160;9 hereof, the Company
      shall be under no liability to any Underwriter except as provided in Sections
      4(i), 7 and 8 hereof; but, if for any other reason the purchase of the Shares
      by
      the Underwriters is not consummated or if for any reason the Company shall
      be
      unable to perform its obligations hereunder, the Company will reimburse the
      Underwriters for all out-of-pocket expenses (including the fees, disbursements
      and other charges of counsel to the Underwriters) incurred by the Underwriters
      in connection with the offering of the Shares.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>10.</em></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Substitution
      of Underwriters. </em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
      any
      one or more of the Underwriters shall fail or refuse to purchase any of the
      Firm
      Shares that it or they have agreed to purchase hereunder, and the aggregate
      number of Firm Shares that such defaulting Underwriter or Underwriters agreed
      but failed or refused to purchase is not more than one-tenth of the aggregate
      number of Firm Shares, the other Underwriters shall be obligated, severally
      and
      not jointly, to purchase the Firm Shares that such defaulting Underwriter or
      Underwriters agreed but failed or refused to purchase, in the proportions which
      the number of Firm Shares that they have respectively agreed to purchase
      pursuant to Section&#160;1 bears to the aggregate number of Firm Shares which
      all such non-defaulting Underwriters have so agreed to purchase, or in such
      other proportions as the Representatives may specify; provided that in no event
      shall the maximum number of Firm Shares that any Underwriter has become
      obligated to purchase pursuant to Section&#160;1 be increased pursuant to this
      Section&#160;10 by more than one-ninth of such number of Firm Shares without the
      prior written consent of such Underwriter. In any such case either the
      Representatives or the Company shall have the right to postpone the Closing
      Date, but in no event for longer than seven days, in order that the required
      changes, if any, in the Registration Statement and the Prospectus or in any
      other documents or arrangements may be effected. If any Underwriter or
      Underwriters shall fail or refuse to purchase any Firm Shares that it or they
      agreed to purchase hereunder and the aggregate number of Firm Shares which
      such
      defaulting Underwriter or Underwriters agreed but failed or refused to purchase
      exceeds one-tenth of the aggregate number of the Firm Shares and arrangements
      satisfactory to the Representatives and the Company for the purchase of such
      Firm Shares are not made within 48&#160;hours after such default, this Agreement
      will terminate without liability on the part of any non-defaulting Underwriter
      or the Company for the purchase or sale of any Shares under this Agreement.
      Any
      action taken pursuant to this Section&#160;10 shall not relieve any defaulting
      Underwriter from liability in respect of any default of such Underwriter under
      this Agreement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>11.</em></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>No
      Fiduciary Relationship. </em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Notwithstanding
      any preexisting relationship, advisory or otherwise, between the parties or
      any
      oral representations or assurances previously or subsequently made by the
      Underwriters and the Company acknowledges and agrees that (i)&#160;the purchase
      and sale of the Shares pursuant to this Agreement (including the determination
      of the terms of the offering of the Shares) is an arm&#8217;s-length commercial
      transaction between the Company, on the one hand, and the several Underwriters,
      on the other hand, (ii)&#160;in connection therewith and with the process
      leading to such transaction, each Underwriter is acting solely as a principal
      and not the agent or fiduciary of the Company, (iii)&#160;no Underwriter has
      assumed an advisory or fiduciary responsibility in favor of the Company with
      respect to the offering contemplated hereby or the process leading thereto
      (irrespective of whether such Underwriter has advised or is currently advising
      the Company on other matters) or any other obligation to the Company except
      the
      obligations expressly set forth in this Agreement, (iv) the Underwriters and
      their respective affiliates may be engaged in a broad range of transactions
      that
      involve interests that differ from those of the Company and have no obligation
      to disclose or account to the Company for any of such differing interests,
      and
      (v)&#160;the Company has consulted its own legal, tax, accounting and financial
      advisors to the extent it deemed appropriate.&#160; The Company hereby agrees
      that it will not claim that the Underwriters, or any of them, have rendered
      advisory services of any nature or respect, or owe a fiduciary or similar duty
      to the Company in connection with such transaction or the process leading
      thereto.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
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        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>12.</em></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Miscellaneous.
      </em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Notice
      given pursuant to any of the provisions of this Agreement shall be in writing
      and, unless otherwise specified, shall be mailed or delivered (a)&#160;if to the
      Company, at the office of the Company, 777 Yamato Road, Suite&#160;310, Boca
      Raton, Florida 33431, Attention: Chief Executive Officer, with a copy to Ted
      Farris, Dorsey &amp; Whitney LLP, 250 Park Avenue, New York, New York 10177, or
      (b)&#160;if to the Underwriters, to the Representatives at the offices of
      Needham&#160;&amp; Company, LLC, 445&#160;Park Avenue, New York, New York 10022,
      Attention: Corporate Finance Department, with a copy to Frederick P. Callori,
      Choate, Hall &amp; Stewart LLP, Two International Place, Boston, Massachusetts
      02110. Any such notice shall be effective only upon receipt. Any notice under
      Section&#160;9 or 10 may be made by telecopier or telephone, but if so made
      shall be subsequently confirmed in writing.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
      Agreement has been and is made solely for the benefit of the several
      Underwriters, the Company and the controlling persons, directors and officers
      referred to in Section&#160;7 and their respective successors and assigns, and
      no other person shall acquire or have any right under or by virtue of this
      Agreement. The term &#8220;successors and assigns&#8221; as used in this Agreement shall not
      include a purchaser, as such purchaser, of Shares from any of the several
      Underwriters.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Any
      </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">action</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      required
      or permitted to be made by the Representatives under this Agreement may be
      taken
      by them jointly or by Needham&#160;&amp; Company, LLC.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
      </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Agreement</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      shall be
      governed by and construed in accordance with the laws of the State of New York
      applicable to contracts made and to be performed entirely within such
      State.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
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          <tr>
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            <td align="left" valign="top" width="5%">&#160;</td>
            <td align="left" valign="top" width="5%">&#160;</td>
            <td align="left" valign="top" width="45%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="45%">&#160;</td>
            <td align="left" valign="top" width="5%">&#160;</td>
            <td align="left" valign="top" width="5%">&#160;</td>
            <td align="left" valign="top" width="45%">&#160;</td>
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          <tr>
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                David Brant</font></div>
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            <tr>
              <td align="left" valign="top" width="4%">
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                  Rudy Balseiro</font></div>
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            <tr>
              <td align="left" valign="top" width="4%">
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>UNDERWRITERS</strong></font></div>
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          <tr>
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          <tr>
            <td align="left" valign="bottom" width="81%">&#160;</td>
            <td width="2%">&#160;</td>
            <td colspan="2" valign="bottom" width="16%">&#160;</td>
            <td align="left" valign="bottom" width="1%">&#160;</td>
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          <tr bgcolor="#ccffcc">
            <td align="left" valign="bottom" width="81%" style="border-bottom: #ccffcc;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Needham&#160;&amp;
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            <td width="2%" style="border-bottom: #ccffcc;">&#160;</td>
            <td align="left" valign="bottom" width="1%" style="border-bottom: #ccffcc;">&#160;</td>
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            <td align="left" valign="bottom" width="1%" style="border-bottom: #ccffcc;">&#160;</td>
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            <td width="2%">&#160;</td>
            <td align="left" valign="bottom" width="1%">&#160;</td>
            <td align="right" valign="bottom" width="15%">&#160;</td>
            <td align="left" valign="bottom" width="1%">&#160;</td>
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            <td width="2%">&#160;</td>
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            <td width="2%" style="border-bottom: white solid;">&#160;</td>
            <td align="left" valign="bottom" width="1%" style="border-bottom: black thin solid;">&#160;</td>
            <td align="right" valign="bottom" width="15%" style="border-bottom: black thin solid;">&#160;</td>
            <td align="left" valign="bottom" width="1%" style="border-bottom: white solid;">&#160;</td>
          </tr>
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            <td width="2%" style="border-bottom: #ccffcc thin solid;">&#160;</td>
            <td align="left" valign="bottom" width="1%" style="border-bottom: black double;">&#160;</td>
            <td align="right" valign="bottom" width="15%" style="border-bottom: black double;">
              <div style="MARGIN-LEFT: 0px; TEXT-INDENT: 0px; MARGIN-RIGHT: 0px">
              </div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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            <td align="left" valign="top" width="50%">&#160;</td>
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            <td align="left" valign="top" width="50%">&#160;</td>
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            <td align="left" valign="top" width="50%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="50%">&#160;</td>
            <td align="left" valign="top" width="50%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="50%">
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                Documents Incorporated by Reference:</font></div>
            </td>
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                Company&#8217;s Current Report on Form 8-K filed September 5,
                2007</font></div>
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            <td align="left" valign="top" width="50%">&#160;</td>
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          <tr>
            <td align="left" valign="top" width="50%">
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                Company&#8217;s Current Report on Form 8-K filed September 19,
                2007</font></div>
            </td>
          </tr>

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      III</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>FORM
      OF LOCK-UP AGREEMENT</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Needham
      &amp; Company, LLC</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Stephens
      Inc.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">c/o
      Needham &amp; Company, LLC</font></div>
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      Park
      Avenue</font></div>
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      York,
      NY </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10022</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Re:</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Airspan
      Networks Inc. (the &#8220;Company&#8221;)</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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      and Gentlemen:</font></div>
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      undersigned is an owner of record or beneficially of certain shares of Common
      Stock of the Company (&#8220;Common Stock&#8221;) or securities convertible into or
      exchangeable or exercisable for Common Stock. The Company proposes to carry
      out
      a public offering of Common Stock (the &#8220;Offering&#8221;) for which you will act as
      underwriters. The undersigned recognizes that the Offering will be of benefit
      to
      the undersigned and will benefit the Company. The undersigned acknowledges
      that
      you are relying on the representations and agreements of the undersigned
      contained in this letter in carrying out the Offering and in entering into
      underwriting arrangements with the Company with respect to the
      Offering.</font></div>
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      consideration of the foregoing, the undersigned hereby agrees that during the
      period commencing on the date hereof and continuing through the close of trading
      on the date 90&#160;days after the date of the Prospectus Supplement (the
&#8220;Lock-Up Period&#8221;), the undersigned will not, without the prior written consent
      of Needham &amp; Company, LLC (&#8220;Needham&#8221;) (which consent may be withheld in its
      sole discretion), directly or indirectly, sell, offer, contract or grant any
      option to sell (including without limitation any short sale), pledge, transfer,
      establish an open &#8220;put equivalent position&#8221; or liquidate or decrease a &#8220;call
      equivalent position&#8221; within the meaning of Rule 16a-1(h) under the Securities
      Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), or otherwise dispose of
      or transfer (or enter into any transaction which is designed to, or might
      reasonably be expected to, result in the disposition of) including the filing
      on
      or after the date hereof (or participation in the filing of) of a registration
      statement with the Securities and Exchange Commission in respect of, any shares
      of Common Stock, options or warrants to acquire shares of Common Stock, or
      securities exchangeable or exercisable for or convertible into shares of Common
      Stock currently or hereafter owned either of record or beneficially (as defined
      in Rule&#160;13d-3 under the Exchange Act) by the undersigned, or publicly
      announce an intention to do any of the foregoing; </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>provided</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
      however, that the foregoing shall not prohibit (a)&#160;any distribution by a
      partnership (or other pass-through entity) to its partners (or the equivalent),
      (b) transfers of shares of Common Stock or any security convertible into Common
      Stock by will or intestacy to the undersigned&#8217;s legal representative, heir or
      legatee, (c) transfers of shares of Common Stock or any security convertible
      into Common Stock as a bona fide gift or gifts, (d) transfers of shares of
      Common Stock or any security convertible into Common Stock to any trust for
      the
      benefit of the undersigned or the undersigned&#8217;s immediate family or (e)&#160;the
      execution and delivery of a plan for trading shares of Common Stock in
      accordance with Rule 10b5-1 under the Exchange Act, provided further, that
      (x)
      in the case of any transfer or distribution pursuant to clauses (a) through
      (d),
      (1) each donee or distributee shall sign and deliver to Needham a lock-up letter
      in the form of this letter and (2) such transfer is not required to be reported
      during the Lock-Up Period, and the undersigned does not otherwise voluntarily
      report such transfer during the Lock-Up Period, in any public report with the
      Securities and Exchange Commission under Section&#160;16(a) of the Exchange Act,
      reporting a reduction in beneficial ownership of shares of Common Stock during
      the Lock-Up Period and (y) in the case of clause (e), no sale or transfer of
      any
      shares of Common Stock under such trading plan shall be effected during the
      Lock-Up Period. </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
      addition, the undersigned agrees that, without the prior written consent of
      Needham, it will not, during the Lock-Up Period, make any demand for or exercise
      any right with respect to, the registration of any shares of Common Stock or
      any
      security convertible into or exercisable or exchangeable for Common
      Stock.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Notwithstanding
      the foregoing, if (i) the Company issues an earnings release or material news,
      or a material event relating to the Company occurs, during the last 17 days
      of
      the Lock-Up Period, or (ii) prior to the expiration of the Lock-Up Period,
      the
      Company announces that it will release earnings results during the 16-day period
      beginning on the last day of the Lock-Up Period, the restrictions imposed by
      this agreement shall continue to apply until the expiration of the 18-day period
      beginning on the date of the issuance of the earnings release or the occurrence
      of the material news or material event, unless Needham waives, in writing,
      such
      extension. The undersigned hereby acknowledges that the Company has agreed
      in
      the Underwriting Agreement to provide written notice of any event that would
      result in an extension of the Lock-Up Period pursuant to this paragraph to
      the
      undersigned and agrees that any such notice properly delivered will be deemed
      to
      have given to, and received by, the undersigned. The undersigned hereby further
      agrees that, prior to engaging in any transaction or taking any other action
      that is subject to the terms of this agreement during the period from the date
      of this agreement to and including the 34th day following the expiration of
      the
      initial Lock-Up Period, it will give notice thereof to the Company and will
      not
      consummate such transaction or take any such action unless it has received
      written confirmation from the Company that the Lock-Up Period (as such may
      have
      been extended pursuant to this paragraph) has expired. </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      undersigned also agrees and consents to the entry of stop transfer instructions
      with the Company&#8217;s transfer agent and registrar against the transfer of shares
      of Common Stock or securities convertible into or exchangeable or exercisable
      for Common Stock held by the undersigned except in compliance with the foregoing
      restrictions.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
      Agreement shall terminate and be of no further force or effect in the event
      the
      Offering is not consummated on or before November&#160;1, 2007. If the
      Underwriting Agreement has not been executed and the Company has informed
      Needham in writing that the Company is terminating the Offering, this Agreement
      shall terminate immediately upon such date and be of no further force or
      effect.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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      respect to the Offering only, the undersigned waives any registration rights
      relating to registration under the Securities Act of any Common Stock owned
      either of record or beneficially by the undersigned for sale in the Offering,
      including any rights to receive notice of the Offering.</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        respective successors, heirs, personal representatives, and assigns of the
        undersigned.</font></div>
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            <td width="4%">&#160;</td>
            <td align="justify" valign="top" width="48%">&#160;</td>
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</td>
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            <td width="4%">&#160;</td>
            <td align="justify" valign="top" width="48%">
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<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>3
<FILENAME>v088291_ex5-1.htm
<TEXT>
<html>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Exhibit
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>[LETTERHEAD
      OF DORSEY &amp; WHITNEY LLP]</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">September
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Airspan
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">777
      Yamato Road</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Suite
      310</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Boca
      Raton, FL 33431</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Ladies
      and Gentlemen:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">You
      have
      requested our opinion with respect to certain matters in connection with the
      sale by Airspan Networks Inc., a Washington corporation (the &#8220;Company&#8221;),
      pursuant to the Underwriting Agreement dated September&#160;20, 2007 (the
&#8220;Underwriting Agreement&#8221;) between the Company and the underwriters named therein
      of up to 17,250,000 shares of the Company&#8217;s common stock, par value $0.0003 per
      share, including 2,250,000 shares of common stock for which the underwriters
      have been granted an over-allotment option (the &#8220;Shares&#8221;), pursuant to the
      Company&#8217;s Registration Statement on Form&#160;S-3 (Registration No. 333-143667)
      (the &#8220;Registration Statement&#8221;) and the related Prospectus, dated June 20, 2007,
      and Prospectus Supplement, dated September 20, 2007, filed with the U.S.
      Securities and Exchange Commission (the &#8220;Commission&#8221;).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
      connection with this opinion, we have examined and relied upon the Registration
      Statement, related Prospectus included therein, the Prospectus Supplement filed
      with the Commission pursuant to Rule 424 of the Securities Act of 1933, as
      amended, the Company&#8217;s Second Amended and Restated Articles of Incorporation, as
      amended, and Amended and Restated Bylaws, as currently in effect, and such
      other
      documents, records, certificates, memoranda and other instruments as we deem
      necessary as a basis for this opinion. We have assumed the genuineness and
      authenticity of all documents submitted to us as originals, the conformity
      to
      originals of all documents submitted to us as copies thereof, and the due
      execution and delivery of all documents where due execution and delivery are
      a
      prerequisite to the effectiveness thereof. We have relied as to certain factual
      matters on information supplied by public officials, officers of the Company
      and
      other sources believed by us to be responsible and have not sought to
      independently verify such matters.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Our
      opinion is expressed only with respect to the federal laws of the United States
      of America and General Corporation Law of the State of Washington. We express
      no
      opinion as to whether the laws of any particular jurisdiction other than those
      identified above are applicable to the subject matter hereof.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">&#160;</div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Airspan
        Networks Inc.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">September
        20, 2007</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Page
        2&#160;</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      the
      basis of the foregoing, and in reliance thereon, we are of the opinion that
      the
      Shares, when sold and issued in accordance with the Registration Statement
      and
      the related Prospectus and Prospectus Supplement and the terms of the
      Underwriting Agreement, will be validly issued, fully paid and
      nonassessable.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
      consent to the reference to our firm under the caption &#8220;Validity of Securities&#8221;
in the Registration Statement and the Prospectus Supplement and to the filing
      of
      this opinion as an exhibit to a Current Report on Form 8-K to be filed with
      the
      Commission for incorporation by reference into the Registration
      Statement.</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
            </td>
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                &amp; Whitney LLP</font></div>
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