<SEC-DOCUMENT>0001663577-20-000229.txt : 20200722
<SEC-HEADER>0001663577-20-000229.hdr.sgml : 20200722
<ACCEPTANCE-DATETIME>20200722171157
ACCESSION NUMBER:		0001663577-20-000229
CONFORMED SUBMISSION TYPE:	424B5
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20200722
DATE AS OF CHANGE:		20200722

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CLEANSPARK, INC.
		CENTRAL INDEX KEY:			0000827876
		STANDARD INDUSTRIAL CLASSIFICATION:	COGENERATION SERVICES & SMALL POWER PRODUCERS [4991]
		IRS NUMBER:				870449945
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-228063
		FILM NUMBER:		201042042

	BUSINESS ADDRESS:	
		STREET 1:		1185 SOUTH 1800 WEST, SUITE 3
		CITY:			WOODS CROSS
		STATE:			UT
		ZIP:			84087
		BUSINESS PHONE:		(702) 941-8047

	MAIL ADDRESS:	
		STREET 1:		1185 SOUTH 1800 WEST, SUITE 3
		CITY:			WOODS CROSS
		STATE:			UT
		ZIP:			84087

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	STRATEAN INC.
		DATE OF NAME CHANGE:	20141201

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SMARTDATA CORP
		DATE OF NAME CHANGE:	19880120
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B5
<SEQUENCE>1
<FILENAME>clsk_424b5.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: right"><B>Filed pursuant to Rule 424(b)(5)<BR>
Registration Statement No. 333-228063</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>PROSPECTUS SUPPLEMENT<BR>
(To Prospectus Dated November 20, 2018)</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 11pt"><IMG SRC="image_001.jpg" ALT="Clean Spark" STYLE="height: 47px; width: 364px"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>1,230,770 Shares of Common Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">We are offering an aggregate of 1,230,770 shares of our common stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Our common stock is currently listed on the Nasdaq Capital Market
(&ldquo;Nasdaq&rdquo;) under the symbol &ldquo;CLSK.&rdquo; On July 20, 2020, the last reported sale price of our Common Stock
was $4.16 per share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">You should read carefully this prospectus supplement and the accompanying
prospectus and any applicable free writing prospectus, together with the additional information described in this prospectus under
the headings &ldquo;Information Incorporated by Reference&rdquo; before you invest in any of our securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">As of July 20, 2020, the aggregate market value of our outstanding
Common Stock held by non-affiliates was approximately $67,073,789, based on 16,123,507 shares of common stock outstanding as of
July 20, 2020, of which 14,947,243 shares were held by non-affiliates, and a per share price of $4.16, which was the last reported
sale price of our Common Stock on The Nasdaq Capital Market on July 20, 2020. During the prior twelve calendar month period that
ends on the date of this prospectus supplement, we offered $0 securities pursuant to General Instruction I.B.6. of Form S-3. Pursuant
to General Instruction I.B.6 of Form S-3, in no event will we sell shares pursuant to this prospectus with a value of more than
one-third of the aggregate market value of our common stock held by non-affiliates in any 12-month period, so long as the aggregate
market value of our common stock held by non-affiliates is less than $75 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>Investing in our common stock involves
risks. You should carefully read and consider the &ldquo;Risk Factors&rdquo; beginning on page&nbsp;S-6 o</B></FONT><FONT STYLE="font-size: 9pt"></FONT><FONT STYLE="font-size: 10pt"><B>f
this prospectus before investing. You should also consider the risk factors described or referred to in any documents incorporated
by reference in this prospectus supplement and the accompanying prospectus before investing in these securities.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Neither the Securities and Exchange Commission nor any state
securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus.
Any representation to the contrary is a criminal offense.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 24.5pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 50%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 12pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Per&nbsp;share</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Total</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 69%">Public offering price</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">3.25</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">4,000,002</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Proceeds to us (before expenses)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">3.25</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">4,000,002</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Delivery of the shares offered hereby is expected to be made on
or about July 22, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>The date on this prospectus supplement is
July 22, 2020</B>&nbsp;</P>

<P STYLE="font: 10pt/10.7pt Times New Roman, Times, Serif; margin: 0 0 8pt"><B></B></P>

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<P STYLE="font: 10pt/10.7pt Times New Roman, Times, Serif; margin: 0 0 8pt"><B><BR STYLE="clear: both"></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>We are responsible for the information
contained and incorporated by reference in this prospectus supplement, the accompanying prospectus and any related free writing
prospectus we prepare or authorize. We have not authorized anyone to provide you with different information, and we take no responsibility
for any other information that others may give you. We are not, and the placement agent is not, making an offer of our securities
in any jurisdiction where the offer is not permitted. The information in this prospectus supplement, the accompanying prospectus,
the documents incorporated by reference and any written communication from us specifying the final terms of the offering is only
accurate as of the date of the respective documents in which the information appears. Our business, financial condition, results
of operations and prospects may have changed since those dates. Information in this prospectus supplement updates and modifies
the information in the accompanying prospectus.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><A NAME="toc"></A><B>TABLE OF CONTENTS</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 12pt Times New Roman, Times, Serif; width: 80%">
<TR>
    <TD COLSPAN="4" STYLE="text-align: center; line-height: 11.75pt"><FONT STYLE="font-size: 10pt"><B><I>Prospectus Supplement</I></B></FONT><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="text-align: center; line-height: 11.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; text-align: center; line-height: 11.75pt"><FONT STYLE="font-size: 7.5pt"><B>Page</B></FONT></TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top; width: 92%"><A HREF="#b_001"><FONT STYLE="font-size: 10pt">ABOUT THIS PROSPECTUS SUPPLEMENT</FONT></A></TD>
    <TD STYLE="vertical-align: top; line-height: 11.75pt; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; line-height: 11.75pt; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; line-height: 11.75pt; width: 5%"><FONT STYLE="font-size: 10pt">S-1</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top"><A HREF="#b_002"><FONT STYLE="font-size: 10pt">DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS</FONT></A></TD>
    <TD STYLE="vertical-align: top; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; line-height: 11.75pt"><FONT STYLE="font-size: 10pt">S-1</FONT></TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top"><A HREF="#b_003"><FONT STYLE="font-size: 10pt">PROSPECTUS SUPPLEMENT SUMMARY</FONT></A></TD>
    <TD STYLE="vertical-align: top; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; line-height: 11.75pt"><FONT STYLE="font-size: 10pt">S-2</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top"><A HREF="#b_011"><FONT STYLE="font-size: 10pt">RISK FACTORS</FONT></A></TD>
    <TD STYLE="vertical-align: top; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; line-height: 11.75pt"><FONT STYLE="font-size: 10pt">S-6</FONT></TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top"><A HREF="#b_004"><FONT STYLE="font-size: 10pt">USE OF PROCEEDS</FONT></A></TD>
    <TD STYLE="vertical-align: top; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; line-height: 11.75pt"><FONT STYLE="font-size: 10pt">S-13</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt"><A HREF="#b_005">DILUTION</A></FONT></TD>
    <TD STYLE="vertical-align: top; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; line-height: 11.75pt"><FONT STYLE="font-size: 10pt">S-13</FONT></TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top"><A HREF="#b_006"><FONT STYLE="font-size: 10pt">DESCRIPTION OF CAPITAL STOCK</FONT></A></TD>
    <TD STYLE="vertical-align: top; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; line-height: 11.75pt"><FONT STYLE="font-size: 10pt">S-14</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top"><A HREF="#b_007"><FONT STYLE="font-size: 10pt">LEGAL MATTERS</FONT></A></TD>
    <TD STYLE="vertical-align: top; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; line-height: 11.75pt"><FONT STYLE="font-size: 10pt">S-18</FONT></TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt"><A HREF="#b_008">EXPERTS</A></FONT></TD>
    <TD STYLE="vertical-align: top; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; line-height: 11.75pt"><FONT STYLE="font-size: 10pt">S-18</FONT></TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top"><A HREF="#b_009"><FONT STYLE="font-size: 10pt">WHERE YOU CAN FIND MORE INFORMATION</FONT></A></TD>
    <TD STYLE="vertical-align: top; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; line-height: 11.75pt"><FONT STYLE="font-size: 10pt">S-18</FONT></TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top"><A HREF="#b_010"><FONT STYLE="font-size: 10pt">INFORMATION INCORPORATED BY REFERENCE</FONT></A></TD>
    <TD STYLE="vertical-align: top; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; line-height: 11.75pt"><FONT STYLE="font-size: 10pt">S-18</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: center"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B><I>Prospectus</I></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 80%; border-collapse: collapse">
<TR>
    <TD STYLE="text-align: right; width: 94%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; width: 6%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7.5"><B>Page</B></FONT></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: justify; line-height: 107%"><A HREF="#a_001"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">ABOUT THIS PROSPECTUS</FONT></A></TD>
    <TD STYLE="vertical-align: top; text-align: right; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: justify; line-height: 107%"><A HREF="#a_002"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">SUMMARY</FONT></A></TD>
    <TD STYLE="vertical-align: top; text-align: right; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: justify; line-height: 107%"><A HREF="#a_003"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">RISK FACTORS</FONT></A></TD>
    <TD STYLE="vertical-align: top; text-align: right; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: justify; line-height: 107%"><A HREF="#a_004"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS</FONT></A></TD>
    <TD STYLE="vertical-align: top; text-align: right; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">5</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: justify; line-height: 107%"><A HREF="#a_005"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">USE OF PROCEEDS</FONT></A></TD>
    <TD STYLE="vertical-align: top; text-align: right; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">6</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: justify; line-height: 107%"><A HREF="#a_006"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">DESCRIPTION OF CAPITAL STOCK</FONT></A></TD>
    <TD STYLE="vertical-align: top; text-align: right; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">6</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: justify; line-height: 107%"><A HREF="#a_007"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">DESCRIPTION OF DEBT SECURITIES</FONT></A></TD>
    <TD STYLE="vertical-align: top; text-align: right; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">11</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: justify; line-height: 107%"><A HREF="#a_008"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">DESCRIPTION OF WARRANTS</FONT></A></TD>
    <TD STYLE="vertical-align: top; text-align: right; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">16</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: justify; line-height: 107%"><A HREF="#a_009"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">LEGAL OWNERSHIP OF SECURITIES</FONT></A></TD>
    <TD STYLE="vertical-align: top; text-align: right; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">18</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: justify; line-height: 107%"><A HREF="#a_010"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">PLAN OF DISTRIBUTION</FONT></A></TD>
    <TD STYLE="vertical-align: top; text-align: right; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">21</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: justify; line-height: 107%"><A HREF="#a_011"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">LEGAL MATTERS</FONT></A></TD>
    <TD STYLE="vertical-align: top; text-align: right; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">23</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: justify; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="#a_012">EXPERTS</A></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: right; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">23</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; text-align: justify; line-height: 107%"><A HREF="#a_013"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">WHERE YOU CAN FIND MORE INFORMATION</FONT></A></TD>
    <TD STYLE="vertical-align: top; text-align: right; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">23</FONT></TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom; text-align: justify; line-height: 107%"><A HREF="#a_014"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">INCORPORATION OF CERTAIN INFORMATION BY REFERENCE</FONT></A></TD>
    <TD STYLE="vertical-align: top; text-align: right; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">23</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/10.7pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: center">&nbsp;&nbsp;</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><A NAME="b_001"></A><B>ABOUT THIS PROSPECTUS SUPPLEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">This prospectus supplement and the accompanying prospectus
are part of a registration statement on Form&nbsp;S-3 (File No.&nbsp;333-228063) that we filed with the Securities and Exchange
Commission (the &quot;SEC&quot;) and that was declared effective by the SEC on November 20, 2018. Under this shelf registration
process, we may, from time to time, offer common stock, preferred stock, debt securities, warrants and units, of which this offering
is a part.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">This document is in two parts. The first part is this prospectus
supplement, which describes the terms of this offering of common stock and also adds, updates and changes information contained
in the accompanying prospectus and the documents incorporated herein by reference. The second part is the accompanying prospectus,
which provides more general information about our common stock and other securities that do not pertain to this offering. To the
extent that the information contained in this prospectus supplement conflicts with any information in the accompanying prospectus
or any document incorporated by reference, the information in this prospectus supplement shall control. The information in this
prospectus supplement may not contain all of the information that is important to you. You should read this entire prospectus supplement,
the accompanying prospectus and the documents incorporated by reference carefully before deciding whether to invest in our securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">References to &quot;our company,&quot; &quot;we,&quot; &quot;our&quot;
and &quot;us&quot; in this prospectus supplement and the accompanying prospectus are to CleanSpark,&nbsp;Inc. and its consolidated
subsidiaries, unless the context otherwise requires. This document may include trade names and trademarks of other companies. All
such trade names and trademarks appearing in this document are the property of their respective holders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B><A NAME="b_002"></A>DISCLOSURE REGARDING FORWARD-LOOKING
STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">This prospectus, each prospectus supplement and the information
incorporated by reference in this prospectus and each prospectus supplement contain forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, which we refer to as the Securities Act, and Section 21E of the Exchange
Act of 1934, as amended, which we refer to as the Exchange Act, that involve a number of risks and uncertainties. Although our
forward-looking statements reflect the good faith judgment of our management, these statements can only be based on facts and factors
currently known by us. Consequently, these forward-looking statements are inherently subject to risks and uncertainties, and actual
results and outcomes may differ materially from results and outcomes discussed in the forward-looking statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Forward-looking statements can be identified by the use of
forward-looking words such as &ldquo;believes,&rdquo; &ldquo;expects,&rdquo; &ldquo;hopes,&rdquo; &ldquo;may,&rdquo; &ldquo;will,&rdquo;
&ldquo;plan,&rdquo; &ldquo;intends,&rdquo; &ldquo;estimates,&rdquo; &ldquo;could,&rdquo; &ldquo;should,&rdquo; &ldquo;would,&rdquo;
&ldquo;continue,&rdquo; &ldquo;seeks,&rdquo; &ldquo;pro forma,&rdquo; or &ldquo;anticipates,&rdquo; or other similar words (including
their use in the negative), or by discussions of future matters. These statements include but are not limited to statements under
the captions &ldquo;Business,&rdquo; &ldquo;Risk Factors&rdquo; and &ldquo;Management&rsquo;s Discussion and Analysis of Financial
Condition and Results of Operations&rdquo; and in other sections included in any applicable prospectus supplement or incorporated
by reference from our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, as applicable, as well as our other filings
with the SEC. You should be aware that the occurrence of any of the events discussed under the heading &ldquo;Risk Factors&rdquo;
in any applicable prospectus supplement and any documents incorporated by reference herein or therein could substantially harm
our business, operating results and financial condition and that if any of these events occurs, it could adversely affect the value
of an investment in our securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">The cautionary statements made in this prospectus are intended
to be applicable to all related forward-looking statements wherever they may appear in this prospectus or in any prospectus supplement
or any documents incorporated by reference herein or therein. We urge you not to place undue reliance on these forward-looking
statements, which speak only as of the date they are made. Except as required by law, we assume no obligation to update our forward-looking
statements, even if new information becomes available in the future.<BR STYLE="clear: both"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B><A NAME="b_003"></A>PROSPECTUS SUPPLEMENT SUMMARY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><I>This summary highlights selected information about CleanSpark,&nbsp;Inc.
This summary does not contain all of the information that may be important to you in making an investment decision. For a more
complete understanding of CleanSpark,&nbsp;Inc. you should read carefully this entire prospectus supplement and the accompanying
prospectus, including the &quot;Risk Factors&quot; section and the other documents we refer to and incorporate by reference. Unless
otherwise indicated, &quot;common stock&quot; means our common stock, par value $0.001 per share.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>Overview</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We are in the business
of providing advanced energy software and control technology that enables a plug-and-play enterprise solution to modern energy
challenges. Our services consist of intelligent energy monitoring and controls, microgrid design and engineering and consulting
services. Our software allows energy users to obtain resiliency and economic optimization. Our software is uniquely capable of
enabling a microgrid to be scaled to the user's specific needs and can be widely implemented across commercial, industrial, military
and municipal deployment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Integral to our business is
our mPulse and mVSO software platforms (the &ldquo;Platforms&rdquo;). When the Platforms are implemented on a customer&rsquo;s
power system, they are able to control the distributed energy resources on site to provide secure, sustainable energy often at
significant cost savings for our energy customers. The Platforms allows customers to efficiently manage renewable energy generation,
other distributed energy generation technologies including energy generation assets, energy storage assets, and energy consumption
assets. By having autonomous control over the distributed facets of energy usage and energy storage, customers are able to reduce
their dependency on utilities, thereby keeping energy costs relatively constant over time. The overall aim is to transform energy
consumers into energy producers by supplying power that anticipates their routine instead of interrupting it.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We also own patented gasification
technologies. Our technology converts any organic material into SynGas. SynGas can be used as clean, renewable, environmentally
friendly, warming fuel for power plants, motor vehicles, and as feedstock for the generation of DME (Di-Methyl Ether).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As previously disclosed,
we plan to continue our focus on the Distributed energy and microgrid side of the business in 2020, as opposed to expending significant
efforts on the Gasifier side of the business. We plan to continue our efforts to better our technology, service existing customers
and market our System (defined below) to prospective clients. We feel that this focus would provide the best opportunity for our
shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in"><FONT STYLE="letter-spacing: -0.15pt"><B>Lines
of Business</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">Through
CleanSpark, LLC, the Company provides microgrid solutions to military, commercial and residential properties.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">The
services offered consist of, microgrid design and engineering, project development consulting services. The work is performed under
fixed price bid contracts and negotiated price contracts.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">Through
CleanSpark Critical Power Systems, Inc., the Company provides custom hardware solutions for distributed energy systems that serve
military and commercial residential properties. The equipment is generally sold under negotiated fixed price contracts.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">Through
p2kLabs, Inc., the Company provides design, software development and other technology-based consulting services. The services provided
are generally an hourly arrangement or fixed-fee project-based arrangements.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in"><B><I>Distributed
Energy Management </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">Integral
</FONT>to our <FONT STYLE="letter-spacing: -0.15pt">business </FONT>is our <FONT STYLE="letter-spacing: -0.15pt">Distributed Energy
Management Business (the &ldquo;DER </FONT>Business&rdquo;). The <FONT STYLE="letter-spacing: -0.15pt">main assets </FONT>of our
DER <FONT STYLE="letter-spacing: -0.15pt">Business include </FONT>our propriety <FONT STYLE="letter-spacing: -0.15pt">software
</FONT><FONT STYLE="letter-spacing: -0.2pt">systems (&ldquo;Systems&rdquo;) </FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT>also
our <FONT STYLE="letter-spacing: -0.15pt">engineering </FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT><FONT STYLE="letter-spacing: -0.15pt">methodology
</FONT>trade <FONT STYLE="letter-spacing: -0.15pt">secrets. </FONT>The <FONT STYLE="letter-spacing: -0.15pt">Distributed Energy
</FONT><FONT STYLE="letter-spacing: -0.2pt">systems </FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT>Microgrids <FONT STYLE="letter-spacing: -0.15pt">that
utilize </FONT>our <FONT STYLE="letter-spacing: -0.2pt">Systems </FONT>are capable of <FONT STYLE="letter-spacing: -0.15pt">providing
secure, sustainable energy </FONT><FONT STYLE="letter-spacing: -0.2pt">with </FONT><FONT STYLE="letter-spacing: -0.15pt">significant
</FONT>cost <FONT STYLE="letter-spacing: -0.15pt">savings </FONT>for its <FONT STYLE="letter-spacing: -0.15pt">energy customers.
</FONT>The <FONT STYLE="letter-spacing: -0.2pt">Systems </FONT><FONT STYLE="letter-spacing: -0.15pt">allows customers </FONT>to
<FONT STYLE="letter-spacing: -0.15pt">design, engineer, </FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT><FONT STYLE="letter-spacing: -0.15pt">then
efficiently </FONT><FONT STYLE="letter-spacing: -0.2pt">manage </FONT><FONT STYLE="letter-spacing: -0.15pt">renewable energy generation,
storage </FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT><FONT STYLE="letter-spacing: -0.15pt">consumption. </FONT>By <FONT STYLE="letter-spacing: -0.15pt">having
autonomous </FONT>control over <FONT STYLE="letter-spacing: -0.15pt">the multiple facets </FONT>of <FONT STYLE="letter-spacing: -0.15pt">energy
usage </FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT><FONT STYLE="letter-spacing: -0.15pt">storage, customers </FONT>are
able to reduce <FONT STYLE="letter-spacing: -0.15pt">their </FONT>dependency on <FONT STYLE="letter-spacing: -0.15pt">utilities,
</FONT>thereby <FONT STYLE="letter-spacing: -0.15pt">keeping energy </FONT>costs <FONT STYLE="letter-spacing: -0.15pt">relatively
constant </FONT>over <FONT STYLE="letter-spacing: -0.15pt">time. </FONT>The overall aim is to <FONT STYLE="letter-spacing: -0.15pt">transform
energy consumers into intelligent energy </FONT>producers by <FONT STYLE="letter-spacing: -0.15pt">supplying </FONT><FONT STYLE="letter-spacing: -0.1pt">and
</FONT><FONT STYLE="letter-spacing: -0.2pt">managing </FONT><FONT STYLE="letter-spacing: -0.15pt">power </FONT>in a <FONT STYLE="letter-spacing: -0.2pt">manner
</FONT><FONT STYLE="letter-spacing: -0.15pt">that anticipates their routine instead </FONT>of <FONT STYLE="letter-spacing: -0.15pt">interrupting
</FONT>it.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt/97% Times New Roman, Times, Serif; margin: 0 6.25pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">Around
the world, the aging grid </FONT>is <FONT STYLE="letter-spacing: -0.15pt">becoming unstable </FONT><FONT STYLE="letter-spacing: -0.1pt">and
</FONT><FONT STYLE="letter-spacing: -0.15pt">unreliable </FONT>due to <FONT STYLE="letter-spacing: -0.15pt">increases </FONT>in
loads <FONT STYLE="letter-spacing: -0.1pt">and </FONT>lack of <FONT STYLE="letter-spacing: -0.1pt">new </FONT><FONT STYLE="letter-spacing: -0.15pt">large-scale
generation facilities. </FONT>This <FONT STYLE="letter-spacing: -0.15pt">inherent instability </FONT>is <FONT STYLE="letter-spacing: -0.15pt">compounded
</FONT>by <FONT STYLE="letter-spacing: -0.15pt">the </FONT>push to <FONT STYLE="letter-spacing: -0.15pt">integrate </FONT>a <FONT STYLE="letter-spacing: -0.2pt">growing
</FONT><FONT STYLE="letter-spacing: -0.15pt">number </FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT><FONT STYLE="letter-spacing: -0.15pt">variety
</FONT>of <FONT STYLE="letter-spacing: -0.15pt">renewable </FONT>but <FONT STYLE="letter-spacing: -0.15pt">intermittent energy
generators </FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT><FONT STYLE="letter-spacing: -0.15pt">advanced technologies into
</FONT>outdated <FONT STYLE="letter-spacing: -0.15pt">electrical </FONT><FONT STYLE="letter-spacing: -0.2pt">systems. Simultaneously,
</FONT><FONT STYLE="letter-spacing: -0.15pt">defense installations, industrial complexes, </FONT><FONT STYLE="letter-spacing: -0.2pt">communities,
</FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT><FONT STYLE="letter-spacing: -0.15pt">campuses </FONT>across <FONT STYLE="letter-spacing: -0.15pt">the
world </FONT>are <FONT STYLE="letter-spacing: -0.15pt">turning </FONT>to <FONT STYLE="letter-spacing: -0.15pt">virtual power plants
</FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT><FONT STYLE="letter-spacing: -0.15pt">microgrids </FONT>as a <FONT STYLE="letter-spacing: -0.15pt">means
</FONT>to decrease <FONT STYLE="letter-spacing: -0.15pt">their reliance </FONT>from <FONT STYLE="letter-spacing: -0.15pt">the </FONT><FONT STYLE="letter-spacing: -0.1pt">grid,
</FONT>reduce <FONT STYLE="letter-spacing: -0.15pt">utility </FONT>costs, <FONT STYLE="letter-spacing: -0.15pt">utilize cleaner
power, </FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT><FONT STYLE="letter-spacing: -0.15pt">enhance energy security </FONT><FONT STYLE="letter-spacing: -0.1pt">and
</FONT><FONT STYLE="letter-spacing: -0.15pt">surety.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The <FONT STYLE="letter-spacing: -0.15pt">convergence
</FONT>of <FONT STYLE="letter-spacing: -0.15pt">these </FONT>factors is <FONT STYLE="letter-spacing: -0.15pt">creating </FONT>a
<FONT STYLE="letter-spacing: -0.15pt">&ldquo;perfect storm&rdquo; </FONT>in <FONT STYLE="letter-spacing: -0.15pt">the power </FONT>supply
<FONT STYLE="letter-spacing: -0.15pt">optimization </FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT><FONT STYLE="letter-spacing: -0.15pt">energy
</FONT><FONT STYLE="letter-spacing: -0.2pt">management </FONT>arena. <FONT STYLE="letter-spacing: -0.15pt">Efficiently building
</FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT>operating <FONT STYLE="letter-spacing: -0.15pt">the distributed energy </FONT><FONT STYLE="letter-spacing: -0.2pt">management
systems </FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT><FONT STYLE="letter-spacing: -0.15pt">microgrids </FONT>of <FONT STYLE="letter-spacing: -0.15pt">tomorrow,
</FONT><FONT STYLE="letter-spacing: -0.2pt">while maximizing </FONT><FONT STYLE="letter-spacing: -0.15pt">the use </FONT>of <FONT STYLE="letter-spacing: -0.15pt">sustainable
energy </FONT>to produce affordable, stable, predictable, <FONT STYLE="letter-spacing: -0.1pt">and </FONT>reliable <FONT STYLE="letter-spacing: -0.15pt">power
</FONT>on a <FONT STYLE="letter-spacing: -0.15pt">large </FONT>scale, is a <FONT STYLE="letter-spacing: -0.15pt">significant opportunity
that first-movers </FONT>can <FONT STYLE="letter-spacing: -0.15pt">leverage </FONT>to capture a <FONT STYLE="letter-spacing: -0.15pt">large
share </FONT>of <FONT STYLE="letter-spacing: -0.15pt">this emerging </FONT>global <FONT STYLE="letter-spacing: -0.15pt">industry.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A <FONT STYLE="letter-spacing: -0.15pt">microgrid
</FONT>is <FONT STYLE="letter-spacing: -0.15pt">comprised </FONT>of <FONT STYLE="letter-spacing: -0.1pt">any </FONT><FONT STYLE="letter-spacing: -0.15pt">number
</FONT>of <FONT STYLE="letter-spacing: -0.15pt">generation, energy storage, </FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT><FONT STYLE="letter-spacing: -0.15pt">smart
distribution assets that serve </FONT>a <FONT STYLE="letter-spacing: -0.15pt">single </FONT>or <FONT STYLE="letter-spacing: -0.15pt">multiple
</FONT>loads, both <FONT STYLE="letter-spacing: -0.15pt">connected </FONT>to <FONT STYLE="letter-spacing: -0.15pt">the utility
grid </FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT>separate from <FONT STYLE="letter-spacing: -0.15pt">the utility grid
&ldquo;islanded.&rdquo; </FONT>In <FONT STYLE="letter-spacing: -0.15pt">the </FONT>past, <FONT STYLE="letter-spacing: -0.15pt">distributed
energy </FONT><FONT STYLE="letter-spacing: -0.2pt">management systems </FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT><FONT STYLE="letter-spacing: -0.15pt">microgrids
have consisted </FONT>of <FONT STYLE="letter-spacing: -0.15pt">off-grid generators organized </FONT><FONT STYLE="letter-spacing: -0.2pt">with
</FONT>controls to provide <FONT STYLE="letter-spacing: -0.15pt">power </FONT><FONT STYLE="letter-spacing: -0.2pt">where </FONT><FONT STYLE="letter-spacing: -0.15pt">utility
lines cannot run. </FONT>Today, <FONT STYLE="letter-spacing: -0.15pt">modern distributed energy </FONT><FONT STYLE="letter-spacing: -0.2pt">management
systems </FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT><FONT STYLE="letter-spacing: -0.15pt">microgrids integrate renewable
energy generation </FONT><FONT STYLE="letter-spacing: -0.2pt">systems </FONT><FONT STYLE="letter-spacing: -0.15pt">(REGS) </FONT><FONT STYLE="letter-spacing: -0.2pt">with
</FONT><FONT STYLE="letter-spacing: -0.15pt">advanced energy storage </FONT>devices <FONT STYLE="letter-spacing: -0.1pt">and </FONT><FONT STYLE="letter-spacing: -0.15pt">interoperate
</FONT><FONT STYLE="letter-spacing: -0.2pt">with </FONT><FONT STYLE="letter-spacing: -0.15pt">the </FONT>local <FONT STYLE="letter-spacing: -0.15pt">utility
</FONT><FONT STYLE="letter-spacing: -0.1pt">grid. </FONT><FONT STYLE="letter-spacing: -0.15pt">Advanced autonomous cyber-secure
microgrids </FONT>controls relay <FONT STYLE="letter-spacing: -0.15pt">information between intelligent hardware </FONT><FONT STYLE="letter-spacing: -0.1pt">and
</FONT>localized <FONT STYLE="letter-spacing: -0.15pt">servers </FONT>to <FONT STYLE="letter-spacing: -0.2pt">make </FONT><FONT STYLE="letter-spacing: -0.15pt">decisions
</FONT>in <FONT STYLE="letter-spacing: -0.15pt">real-time that deliver optimum power </FONT><FONT STYLE="letter-spacing: -0.2pt">where
</FONT>it is needed, <FONT STYLE="letter-spacing: -0.2pt">when </FONT>it is needed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">Our</FONT>
<FONT STYLE="letter-spacing: -0.2pt">Systems</FONT> create an <FONT STYLE="letter-spacing: -0.15pt">integrated distributed energy</FONT>
<FONT STYLE="letter-spacing: -0.2pt">management </FONT>control <FONT STYLE="letter-spacing: -0.1pt">platform</FONT> <FONT STYLE="letter-spacing: -0.15pt">that
seamlessly integrates</FONT> all <FONT STYLE="letter-spacing: -0.15pt">forms</FONT> of <FONT STYLE="letter-spacing: -0.15pt">energy
generation </FONT><FONT STYLE="letter-spacing: -0.2pt">with </FONT><FONT STYLE="letter-spacing: -0.15pt">energy storage </FONT>devices
<FONT STYLE="letter-spacing: -0.1pt">and </FONT>controls <FONT STYLE="letter-spacing: -0.15pt">facility </FONT>loads to provide
<FONT STYLE="letter-spacing: -0.15pt">energy security </FONT>in real <FONT STYLE="letter-spacing: -0.2pt">time </FONT>free of <FONT STYLE="letter-spacing: -0.15pt">cyber
threats. Able </FONT>to <FONT STYLE="letter-spacing: -0.15pt">interoperate </FONT><FONT STYLE="letter-spacing: -0.2pt">with </FONT><FONT STYLE="letter-spacing: -0.15pt">the
</FONT>local <FONT STYLE="letter-spacing: -0.15pt">utility </FONT><FONT STYLE="letter-spacing: -0.1pt">grid, </FONT><FONT STYLE="letter-spacing: -0.15pt">the
</FONT><FONT STYLE="letter-spacing: -0.2pt">Systems </FONT>bring <FONT STYLE="letter-spacing: -0.15pt">users the ability </FONT>to
choose <FONT STYLE="letter-spacing: -0.2pt">when </FONT>to buy or sell <FONT STYLE="letter-spacing: -0.15pt">power </FONT>to <FONT STYLE="letter-spacing: -0.1pt">and
</FONT>from <FONT STYLE="letter-spacing: -0.15pt">the </FONT><FONT STYLE="letter-spacing: -0.1pt">grid, </FONT><FONT STYLE="letter-spacing: -0.15pt">enabling
</FONT><FONT STYLE="letter-spacing: -0.2pt">what we </FONT><FONT STYLE="letter-spacing: -0.15pt">believe </FONT>is <FONT STYLE="letter-spacing: -0.15pt">the
most </FONT>cost-effective <FONT STYLE="letter-spacing: -0.15pt">power solution that exists </FONT>on <FONT STYLE="letter-spacing: -0.15pt">the
current market.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">Our
</FONT><FONT STYLE="letter-spacing: -0.2pt">Systems </FONT>are ideal for <FONT STYLE="letter-spacing: -0.15pt">commercial, industrial,
</FONT><FONT STYLE="letter-spacing: -0.2pt">mining, </FONT><FONT STYLE="letter-spacing: -0.15pt">defense, campus </FONT><FONT STYLE="letter-spacing: -0.1pt">and
</FONT><FONT STYLE="letter-spacing: -0.15pt">residential users </FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT><FONT STYLE="letter-spacing: -0.15pt">ranges
</FONT>in size from 4KW to 100MW <FONT STYLE="letter-spacing: -0.1pt">and</FONT> <FONT STYLE="letter-spacing: -0.15pt">beyond </FONT><FONT STYLE="letter-spacing: -0.1pt">and
</FONT>can <FONT STYLE="letter-spacing: -0.15pt">deliver power </FONT>at or below <FONT STYLE="letter-spacing: -0.15pt">the current
</FONT>cost of <FONT STYLE="letter-spacing: -0.15pt">utility power.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">Our
services consist </FONT>of <FONT STYLE="letter-spacing: -0.15pt">distributed energy microgrid system engineering and design, and
</FONT>project <FONT STYLE="letter-spacing: -0.15pt">consulting services. </FONT>The <FONT STYLE="letter-spacing: -0.15pt">work
</FONT>is <FONT STYLE="letter-spacing: -0.15pt">performed under fixed </FONT>price bid <FONT STYLE="letter-spacing: -0.15pt">contracts
and negotiated </FONT>price <FONT STYLE="letter-spacing: -0.15pt">contracts.</FONT></P>

<P STYLE="font: 10pt/97% Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>mPulse Software Suite</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">mPulse
</FONT>is a <FONT STYLE="letter-spacing: -0.15pt">modular </FONT><FONT STYLE="letter-spacing: -0.1pt">platform </FONT><FONT STYLE="letter-spacing: -0.15pt">that
</FONT>enables <FONT STYLE="letter-spacing: -0.15pt">fine-grained </FONT>control of a <FONT STYLE="letter-spacing: -0.15pt">Microgrid
</FONT>based on <FONT STYLE="letter-spacing: -0.15pt">customer </FONT>operational <FONT STYLE="letter-spacing: -0.15pt">goals,
equipment </FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT><FONT STYLE="letter-spacing: -0.15pt">forecasts </FONT>of load
<FONT STYLE="letter-spacing: -0.1pt">and </FONT><FONT STYLE="letter-spacing: -0.15pt">generation. mPulse performs high-frequency
calculations, threshold-based alarming, execution </FONT>of <FONT STYLE="letter-spacing: -0.15pt">domain-specific business rules,
internal </FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT><FONT STYLE="letter-spacing: -0.15pt">external health monitoring,
historical </FONT>data <FONT STYLE="letter-spacing: -0.15pt">persistence, </FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT><FONT STYLE="letter-spacing: -0.15pt">system-to-operator
notifications. </FONT>The <FONT STYLE="letter-spacing: -0.15pt">modular design increases system flexibility </FONT><FONT STYLE="letter-spacing: -0.1pt">and
</FONT><FONT STYLE="letter-spacing: -0.15pt">extensibility. </FONT>In addition, <FONT STYLE="letter-spacing: -0.15pt">the deployment
</FONT>of <FONT STYLE="letter-spacing: -0.15pt">the mPulse system follows </FONT>a <FONT STYLE="letter-spacing: -0.15pt">security-conscious
</FONT>posture by <FONT STYLE="letter-spacing: -0.15pt">deploying hardware-based firewalls </FONT>as <FONT STYLE="letter-spacing: -0.2pt">well
</FONT>as <FONT STYLE="letter-spacing: -0.15pt">encryption </FONT>across <FONT STYLE="letter-spacing: -0.15pt">communication channels.
mPulse allows configuration </FONT>for <FONT STYLE="letter-spacing: -0.15pt">site-specific equipment </FONT><FONT STYLE="letter-spacing: -0.1pt">and
</FONT>operation <FONT STYLE="letter-spacing: -0.1pt">and </FONT>provides a <FONT STYLE="letter-spacing: -0.15pt">clean, informative
user interface </FONT>to allow <FONT STYLE="letter-spacing: -0.15pt">customers </FONT>to <FONT STYLE="letter-spacing: -0.15pt">monitor
</FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT><FONT STYLE="letter-spacing: -0.15pt">analyze the </FONT>data <FONT STYLE="letter-spacing: -0.15pt">streams
that </FONT>describe how <FONT STYLE="letter-spacing: -0.15pt">their microgrid </FONT>is <FONT STYLE="letter-spacing: -0.15pt">operating.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">mPulse
</FONT>supports our <FONT STYLE="letter-spacing: -0.15pt">innovative fractal </FONT>approach to <FONT STYLE="letter-spacing: -0.15pt">microgrid
design, </FONT><FONT STYLE="letter-spacing: -0.2pt">which </FONT>enables <FONT STYLE="letter-spacing: -0.15pt">multiple microgrids
</FONT>on a <FONT STYLE="letter-spacing: -0.15pt">single site </FONT>to <FONT STYLE="letter-spacing: -0.15pt">interact </FONT>in
a <FONT STYLE="letter-spacing: -0.15pt">number </FONT>of <FONT STYLE="letter-spacing: -0.15pt">different</FONT> <FONT STYLE="letter-spacing: -0.2pt">ways,</FONT>
<FONT STYLE="letter-spacing: -0.15pt">including</FONT> as peers, in a <FONT STYLE="letter-spacing: -0.15pt">parent-child relationship,
</FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT>in parallel or <FONT STYLE="letter-spacing: -0.15pt">completely disconnected.
</FONT>Each <FONT STYLE="letter-spacing: -0.15pt">grid</FONT> can <FONT STYLE="letter-spacing: -0.15pt">have different</FONT> operational
objectives, <FONT STYLE="letter-spacing: -0.1pt">and</FONT> <FONT STYLE="letter-spacing: -0.15pt">those</FONT> operational objectives
can <FONT STYLE="letter-spacing: -0.15pt">change</FONT> over <FONT STYLE="letter-spacing: -0.15pt">time. Any microgrid</FONT> can
be <FONT STYLE="letter-spacing: -0.15pt">islanded</FONT> from <FONT STYLE="letter-spacing: -0.15pt">the</FONT> rest of <FONT STYLE="letter-spacing: -0.15pt">the
microgrid </FONT>as <FONT STYLE="letter-spacing: -0.2pt">well </FONT>as <FONT STYLE="letter-spacing: -0.15pt">the larger utility
</FONT><FONT STYLE="letter-spacing: -0.1pt">grid. </FONT>The <FONT STYLE="letter-spacing: -0.15pt">mPulse software </FONT>can control
<FONT STYLE="letter-spacing: -0.15pt">the workflow </FONT>required in both <FONT STYLE="letter-spacing: -0.15pt">the islanding
</FONT>steps as <FONT STYLE="letter-spacing: -0.2pt">well </FONT>as <FONT STYLE="letter-spacing: -0.15pt">the reconnecting </FONT>steps
of <FONT STYLE="letter-spacing: -0.15pt">this </FONT><FONT STYLE="letter-spacing: -0.2pt">maneuver </FONT><FONT STYLE="letter-spacing: -0.1pt">and
</FONT>coordinate <FONT STYLE="letter-spacing: -0.15pt">connected equipment such that connections </FONT>are only <FONT STYLE="letter-spacing: -0.15pt">made
</FONT><FONT STYLE="letter-spacing: -0.2pt">when </FONT>it is <FONT STYLE="letter-spacing: -0.15pt">safe </FONT>to do so.</P>

<P STYLE="font: 10pt/97% Times New Roman, Times, Serif; margin: 0 0.1in 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Microgrid Value Stream Optimizer (mVSO)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The <FONT STYLE="letter-spacing: -0.15pt">Microgrid Value
Stream Optimizer <I>(mVSO) </I></FONT>tool provides a robust <FONT STYLE="letter-spacing: -0.15pt">distributed energy </FONT><FONT STYLE="letter-spacing: -0.1pt">and
</FONT><FONT STYLE="letter-spacing: -0.15pt">microgrid system modeling solution. </FONT><FONT STYLE="letter-spacing: -0.2pt">mVSO
</FONT><FONT STYLE="letter-spacing: -0.15pt">takes utility </FONT>rate data <FONT STYLE="letter-spacing: -0.1pt">and </FONT>load
data for a <FONT STYLE="letter-spacing: -0.15pt">customer site </FONT><FONT STYLE="letter-spacing: -0.1pt">and helps </FONT><FONT STYLE="letter-spacing: -0.15pt">automate
the sizing </FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT><FONT STYLE="letter-spacing: -0.15pt">analysis </FONT>of <FONT STYLE="letter-spacing: -0.15pt">potential
microgrid solutions </FONT>as <FONT STYLE="letter-spacing: -0.2pt">well </FONT>as <FONT STYLE="letter-spacing: -0.15pt">providing
</FONT>a <FONT STYLE="letter-spacing: -0.15pt">financial analysis around </FONT>each <FONT STYLE="letter-spacing: -0.15pt">grid
configuration. </FONT><FONT STYLE="letter-spacing: -0.2pt">mVSO </FONT><FONT STYLE="letter-spacing: -0.15pt">uses historical </FONT>data
to <FONT STYLE="letter-spacing: -0.15pt">generate </FONT>projected <FONT STYLE="letter-spacing: -0.15pt">energy generation </FONT>assets
<FONT STYLE="letter-spacing: -0.1pt">and </FONT><FONT STYLE="letter-spacing: -0.15pt">models </FONT>how <FONT STYLE="letter-spacing: -0.15pt">storage
</FONT>responds to <FONT STYLE="letter-spacing: -0.15pt">varying </FONT>operational <FONT STYLE="letter-spacing: -0.15pt">modes
</FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT><FONT STYLE="letter-spacing: -0.2pt">command </FONT><FONT STYLE="letter-spacing: -0.15pt">logics
</FONT>based upon predicted <FONT STYLE="letter-spacing: -0.15pt">generation </FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT>load
<FONT STYLE="letter-spacing: -0.15pt">curves. </FONT><FONT STYLE="letter-spacing: -0.2pt">mVSO </FONT><FONT STYLE="letter-spacing: -0.15pt">analyzes
multiple equipment combinations </FONT><FONT STYLE="letter-spacing: -0.1pt">and </FONT>operational <FONT STYLE="letter-spacing: -0.15pt">situations
</FONT>to <FONT STYLE="letter-spacing: -0.15pt">determine the optimal configuration </FONT>for a <FONT STYLE="letter-spacing: -0.15pt">site
</FONT>based on <FONT STYLE="letter-spacing: -0.15pt">the financials, equipment outlay, utility </FONT>cost <FONT STYLE="letter-spacing: -0.15pt">savings,
</FONT>etc., to <FONT STYLE="letter-spacing: -0.15pt">arrive </FONT>at payback <FONT STYLE="letter-spacing: -0.1pt">and IRR </FONT><FONT STYLE="letter-spacing: -0.15pt">values.
</FONT>This <FONT STYLE="letter-spacing: -0.15pt">ultimately </FONT>provides <FONT STYLE="letter-spacing: -0.15pt">the user </FONT><FONT STYLE="letter-spacing: -0.2pt">with
</FONT>data to <FONT STYLE="letter-spacing: -0.15pt">design </FONT>a <FONT STYLE="letter-spacing: -0.15pt">distributed energy
</FONT>and/or <FONT STYLE="letter-spacing: -0.15pt">microgrid system that </FONT><FONT STYLE="letter-spacing: -0.2pt">will </FONT><FONT STYLE="letter-spacing: -0.15pt">meet
the customers&rsquo; performance benchmarks.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.6pt 0 6pt"><FONT STYLE="letter-spacing: -0.15pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Switchgear Equipment</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11.5pt Times New Roman, Times, Serif; margin: 0.3pt 0 0"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As an energy technology company, part of our
business model is to assess our technologies, product offerings and business direction and determine whether any strategic acquisitions
would benefit us. In line with our focus, on January 22, 2019, we acquired the outstanding capital stock of Pioneer Critical Power,
Inc., a Delaware corporation (&ldquo;Pioneer&rdquo;), which we have since renamed and redomiciled to the State of Nevada and changed
the name to CleanSpark Critical Power Systems Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.05pt 0 0"><FONT STYLE="font-size: 10pt">As consideration for the
transaction, <FONT STYLE="letter-spacing: -0.15pt">we </FONT>issued to its sole shareholder Pioneer Power Solutions, Inc. (&ldquo;Pioneer
Power&rdquo;) a total of 175,000 shares of our common stock, a 5-year warrant to purchase 50,000 shares of our common stock at
an exercise price of $16.00 per share and a 5-year warrant to purchase 50,000 shares of our common stock at an exercise price of
$20.00 per share.</FONT><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The parties also signed additional agreements
in connection with the transaction, as previously disclosed in our SEC filings, mainly requiring Pioneer Power to indemnify us
in certain circumstances and restricting Pioneer Power from engaging in a competing business.</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We also signed a Contract Manufacturing Agreement,
whereby Pioneer Power shall exclusively manufacture parallel switchgears, automatic transfer switches and related control and circuit
protective equipment for us, for a period of eighteen months.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We plan to utilize the new intellectual property
we gained from the acquisition and the manufacturing agreement in place to enter into the switchgear equipment sales industry.
We acquired executed contracts and purchase orders, which we expect will result in significant gross sales, as well as hired personnel
to operate this new line of business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As a result of this transaction, the parties
terminated a contemplated asset purchase arrangement previously disclosed in our SEC filings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Software Development, Marketing &amp;
Design &ndash; p2kLabs</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As CleanSpark continues to drive towards profitability
and further market and sell CleanSpark software and controls, our acquisition of p2kLabs, Inc. not only contributes additional
revenues, but also adds depth to our team in sales, marketing, design and software development.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We plan to maximize the value of our offering,
internalize what would otherwise be expenses, and diversify our ability to better serve our valued clients.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As consideration for the transaction, <FONT STYLE="letter-spacing: -0.15pt">we
</FONT>issued to its sole shareholder, Amer Tadayon, a total of 95,699 shares of our common stock and paid $1,155,000 in cash.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The parties also signed additional agreements
in connection with the transaction, as previously disclosed in our SEC filings, mainly an employment agreement with Amer Tadayon.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Nasdaq Listing</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On January 24, 2020, the Company was approved for listing on the
Nasdaq Capital Market (&ldquo;Nasdaq&rdquo;).&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Corporate Information</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Our principal executive offices are located at 1185 S. 1800
West, Suite 3, Woods Cross, Utah 84087, and our telephone number is (702) 941-8047. Our website is located at&nbsp;<I>www.cleanspark.com</I>.
Information contained on our website or that can be accessed through our website is not incorporated by reference into this prospectus
supplement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Where You Can Find More Information</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">For additional information as to our business, properties
and financial condition, please refer to the documents cited in &quot;Where You Can Find More Information.&quot;<FONT STYLE="font-size: 10pt"><BR STYLE="clear: both"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>THE OFFERING</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><I>The following summary is provided solely for your convenience
and is not intended to be complete. You should read the full text and more specific details contained elsewhere in this prospectus
supplement and the accompanying prospectus. For a more detailed description of our common stock, see &quot;Description of Capital
Stock&quot; in the accompanying prospectus.</I></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="vertical-align: top; line-height: 11.75pt"><FONT STYLE="font-size: 10pt">Issuer:</FONT></TD>
    <TD STYLE="vertical-align: top; line-height: 11.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; line-height: 11.75pt"><FONT STYLE="font-size: 10pt">CleanSpark,&nbsp;Inc.</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Common stock offered by us:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: top; line-height: 11.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">1,230,770 shares</FONT></P>
                                                   <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; line-height: 11.75pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 11pt"><BR>
</FONT><FONT STYLE="font-size: 10pt">Common stock outstanding after this offering:</FONT></TD>
    <TD STYLE="vertical-align: top; line-height: 11.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; line-height: 11.75pt"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"></FONT></P>
                                                                         <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                                                         <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">17,354,277 shares (1)<BR> </FONT></P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 22%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Use of Proceeds:</P></TD>
    <TD STYLE="vertical-align: top; width: 3%; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 71%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">We will receive gross proceeds of $4,000,002 from the sale of the
        common stock in this offering. We plan to use the net proceeds received in such sale for working capital and general corporate
        purposes. For more information, see the section titled &ldquo;Use of Proceeds.&rdquo;</P></TD>
    <TD STYLE="width: 4%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Risk factors:</P></TD>
    <TD STYLE="vertical-align: top; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">You should read the &ldquo;Risk Factors&rdquo;
        section of this prospectus supplement beginning on page S-6 f</FONT><FONT STYLE="font-size: 9pt"></FONT><FONT STYLE="font-size: 10pt">or
        a discussion of factors to consider carefully before deciding to invest in shares of our Common Stock.</FONT></P></TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Nasdaq Capital Market symbol:</P></TD>
    <TD STYLE="vertical-align: top; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&ldquo;CLSK.&rdquo;</P></TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt/10.7pt Times New Roman, Times, Serif; margin: 0 0 8pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">(1) The foregoing table is based on 16,123,507 shares of
common stock outstanding at July 20, 2020, which excludes, as of that date:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings">&#167;</FONT></TD>
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">278,640 shares issuable upon the exercise of outstanding options with a weighted average exercise price of $6.41;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">21,360 shares reserved for issuance in connection with future awards under our equity compensation plan; and </FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings">&#167;</FONT></TD>
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">1,314,065 shares issuable upon the exercise of outstanding warrants with a weighted average exercise price of $21.62.</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<P STYLE="font: 10pt/10.7pt Times New Roman, Times, Serif; margin: 0 0 8pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><A NAME="b_011"></A><B>RISK FACTORS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><I>An investment in our securities involves a high degree
of risk. You should carefully consider the risks described below, as well as the other information included or incorporated by
reference in this prospectus supplement, before making an investment decision. Our business, financial condition, results of operations
and cash flows could be materially adversely affected by any of these risks. The market or trading price of our securities could
decline due to any of these risks. In addition, please read &quot;Disclosure Regarding Forward-Looking Statements&quot; in this
prospectus supplement, where we describe additional uncertainties associated with our business and the forward-looking statements
included or incorporated by reference in this prospectus supplement. Please note that additional risks not presently known to us
or that we currently deem immaterial may also impair our business and operations.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt"><B>Risks Related to Our Business</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Our business may be subject to risks arising from pandemic,
epidemic, or an outbreak of diseases, such as the recent outbreak of the COVID-19 illness.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The recent outbreak of the&nbsp;novel strain of coronavirus, or
COVID-19, which has been declared by the World Health Organization to be a &ldquo;public health emergency of international concern,&rdquo;
has spread across the globe and is impacting worldwide economic activity. A public health pandemic, including COVID-19, poses the
risk that we or our employees, contractors, suppliers, and other partners may be prevented from conducting business activities
for an indefinite period of time, including due to shutdowns that may be requested or mandated by governmental authorities. While
it is not possible at this time to estimate the impact that COVID-19 could have on our business, the continued spread of COVID-19
and the measures taken by the governments of countries affected could disrupt the supply chain and adversely impact our business,
financial condition or results of operations. The COVID-19 outbreak and mitigation measures may also have an adverse impact on
global economic conditions which could have an adverse effect on our business and financial condition. The extent to which the
COVID-19 outbreak impacts our results will depend on future developments that are highly uncertain and cannot be predicted, including
new information that may emerge concerning the severity of the virus and the actions to contain its impact.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><B><I>We lack an&nbsp;<FONT STYLE="letter-spacing: -0.15pt">established&nbsp;</FONT>operating&nbsp;<FONT STYLE="letter-spacing: -0.15pt">history</FONT>&nbsp;and
have&nbsp;<FONT STYLE="letter-spacing: -0.15pt">incurred&nbsp;</FONT>losses in prior periods, expect to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">incur</FONT>&nbsp;losses
in&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the future</FONT>&nbsp;and we can give no&nbsp;<FONT STYLE="letter-spacing: -0.15pt">assurance&nbsp;</FONT>that
our operations&nbsp;<FONT STYLE="letter-spacing: -0.15pt">will result&nbsp;</FONT>in profits.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25pt 0 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">We have a limited operating history that makes it difficult
to evaluate our business. Historical sales pertaining to our products have been in insufficient to create positive cashflows or
profitability, and we cannot say with certainty when we will begin to achieve profitability.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">Since inception, we have sustained $100,787,815 in cumulative
net losses and we had a net loss for the six months ended March 31, 2020 of $7,731,352. We expect to have operating losses at least
until such time as we have developed a substantial and stable revenue base. We cannot assure you that we can develop a substantial
and stable revenue base or achieve or sustain profitability on a quarterly or annual basis in the future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt"><B><I>Although&nbsp;</I></B></FONT><B><I>we
have obtained&nbsp;<FONT STYLE="letter-spacing: -0.15pt">sufficient funding</FONT>&nbsp;for&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the&nbsp;</FONT><FONT STYLE="letter-spacing: -0.25pt">foreseeable
future,&nbsp;</FONT>if we do not obtain&nbsp;<FONT STYLE="letter-spacing: -0.15pt">increased revenues</FONT>&nbsp;by 2021, we may
have to seek additional&nbsp;<FONT STYLE="letter-spacing: -0.15pt">financing</FONT>&nbsp;or scale back or cease our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">activities</FONT>,&nbsp;<FONT STYLE="letter-spacing: -0.15pt">which</FONT>&nbsp;may&nbsp;<FONT STYLE="letter-spacing: -0.15pt">significantly&nbsp;</FONT>harm
our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">chances</FONT>&nbsp;of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">success.</FONT></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25pt 0 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.55pt 0 0"><FONT STYLE="letter-spacing: -0.15pt">Because we currently
operate at a loss, we are dependent on generating additional revenue in the coming year. While this financing is expected to carry
us through 2021, we need to generate cashflows from revenues totaling $4,000,000 to $6,000,000 to support our current operations
or we may need a similar amount in additional financing in 2022. As explained in our annual report, these cashflows are needed
to increase our sales and marketing efforts, for continued upgrades to our software, and for working capital.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><B><I>Our future success is difficult to predict because
we operate in emerging and evolving markets, and the industries in which we compete are subject to volatile and unpredictable cycles.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25pt 0 0"><B><I>&nbsp;</I></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25pt 0 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25pt 0 0"><B><I></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.55pt 0 0">The&nbsp;<FONT STYLE="letter-spacing: -0.15pt">renewable
energy, microgrid&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>related&nbsp;<FONT STYLE="letter-spacing: -0.15pt">industries&nbsp;</FONT>are&nbsp;<FONT STYLE="letter-spacing: -0.15pt">emerging&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">evolving
markets&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">which&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">may&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">make&nbsp;</FONT>it&nbsp;<FONT STYLE="letter-spacing: -0.15pt">difficult&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">evaluate&nbsp;</FONT>our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">future</FONT>&nbsp;prospects&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.2pt">which</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.15pt">may</FONT>&nbsp;lead
to period to period&nbsp;<FONT STYLE="letter-spacing: -0.15pt">variability</FONT>&nbsp;in our operating&nbsp;<FONT STYLE="letter-spacing: -0.15pt">results.
Our</FONT>&nbsp;products&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.15pt">services</FONT>&nbsp;are
based on&nbsp;<FONT STYLE="letter-spacing: -0.15pt">unique technology&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">which
we&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">believe offers significant advantages&nbsp;</FONT>to our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">customers,&nbsp;</FONT>but&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the
markets&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">we&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">serve&nbsp;</FONT>are
in a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">relatively&nbsp;</FONT>early&nbsp;<FONT STYLE="letter-spacing: -0.15pt">stage&nbsp;</FONT>of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">development</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and</FONT>&nbsp;it
is&nbsp;<FONT STYLE="letter-spacing: -0.15pt">uncertain</FONT>&nbsp;how rapidly&nbsp;<FONT STYLE="letter-spacing: -0.15pt">they</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.2pt">will</FONT>&nbsp;develop.
It is also&nbsp;<FONT STYLE="letter-spacing: -0.15pt">uncertain</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.2pt">whether</FONT>&nbsp;our
products&nbsp;<FONT STYLE="letter-spacing: -0.2pt">will</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.15pt">achieve high
levels</FONT>&nbsp;of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">demand&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>acceptance
as&nbsp;<FONT STYLE="letter-spacing: -0.15pt">these markets grow.&nbsp;</FONT>If&nbsp;<FONT STYLE="letter-spacing: -0.15pt">companies&nbsp;</FONT>in&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the
industries&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">we&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">serve&nbsp;</FONT>do
not perceive or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">value the benefits&nbsp;</FONT>of our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">technologies&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>products,
or if&nbsp;<FONT STYLE="letter-spacing: -0.15pt">they&nbsp;</FONT>are&nbsp;<FONT STYLE="letter-spacing: -0.2pt">unwilling&nbsp;</FONT>to
adopt our products as&nbsp;<FONT STYLE="letter-spacing: -0.15pt">alternatives&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">traditional
power solutions, the market&nbsp;</FONT>for our products&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">services
may&nbsp;</FONT>not develop or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">may&nbsp;</FONT>develop&nbsp;<FONT STYLE="letter-spacing: -0.15pt">more
slowly than&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">we&nbsp;</FONT>expect,&nbsp;<FONT STYLE="letter-spacing: -0.2pt">which&nbsp;</FONT>could&nbsp;<FONT STYLE="letter-spacing: -0.15pt">significantly&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">adversely
impact&nbsp;</FONT>our operating&nbsp;<FONT STYLE="letter-spacing: -0.15pt">results.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><FONT STYLE="letter-spacing: -0.15pt">As&nbsp;</FONT>a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">supplier&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the
renewable energy, microgrid&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>related&nbsp;<FONT STYLE="letter-spacing: -0.15pt">industries,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">we&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">may&nbsp;</FONT>be
subject to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">business cycles.&nbsp;</FONT>The&nbsp;<FONT STYLE="letter-spacing: -0.2pt">timing,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">length,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">volatility&nbsp;</FONT>of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">these
business cycles may&nbsp;</FONT>be&nbsp;<FONT STYLE="letter-spacing: -0.15pt">difficult&nbsp;</FONT>to predict. These&nbsp;<FONT STYLE="letter-spacing: -0.15pt">industries
may&nbsp;</FONT>be&nbsp;<FONT STYLE="letter-spacing: -0.15pt">cyclical&nbsp;</FONT>due to sudden&nbsp;<FONT STYLE="letter-spacing: -0.15pt">changes&nbsp;</FONT>in&nbsp;<FONT STYLE="letter-spacing: -0.15pt">customers&rsquo;&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">manufacturing&nbsp;</FONT>capacity&nbsp;<FONT STYLE="letter-spacing: -0.15pt">requirements&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">spending,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">which&nbsp;</FONT>depend
in part on capacity&nbsp;<FONT STYLE="letter-spacing: -0.15pt">utilization, demand&nbsp;</FONT>for&nbsp;<FONT STYLE="letter-spacing: -0.15pt">customers&rsquo;&nbsp;</FONT>products,&nbsp;<FONT STYLE="letter-spacing: -0.15pt">inventory
levels relative&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">demand,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>access
to affordable capital. These&nbsp;<FONT STYLE="letter-spacing: -0.15pt">changes may affect the&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">timing&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">amounts&nbsp;</FONT>of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">customers&rsquo;
purchases&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">investments&nbsp;</FONT>in&nbsp;<FONT STYLE="letter-spacing: -0.15pt">technology,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">affect&nbsp;</FONT>our
orders,&nbsp;<FONT STYLE="letter-spacing: -0.1pt">net&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">sales,&nbsp;</FONT>operating&nbsp;<FONT STYLE="letter-spacing: -0.15pt">expenses,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and
net&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">income.&nbsp;</FONT>In addition,&nbsp;<FONT STYLE="letter-spacing: -0.2pt">we&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">may&nbsp;</FONT>not
be able to respond adequately or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">quickly&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the
declines&nbsp;</FONT>in&nbsp;<FONT STYLE="letter-spacing: -0.15pt">demand&nbsp;</FONT>by&nbsp;<FONT STYLE="letter-spacing: -0.15pt">reducing&nbsp;</FONT>our
costs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">To&nbsp;<FONT STYLE="letter-spacing: -0.15pt">meet&nbsp;</FONT>rapidly&nbsp;<FONT STYLE="letter-spacing: -0.15pt">changing
demand&nbsp;</FONT>in each of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the industries&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">we&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">serve,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">we
must&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">effectively&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">manage&nbsp;</FONT>our
resources&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>production&nbsp;<FONT STYLE="letter-spacing: -0.15pt">capacity.
During&nbsp;</FONT>periods of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">decreasing demand&nbsp;</FONT>for our products,&nbsp;<FONT STYLE="letter-spacing: -0.2pt">we
must&nbsp;</FONT>be able to appropriately&nbsp;<FONT STYLE="letter-spacing: -0.15pt">align&nbsp;</FONT>our cost&nbsp;<FONT STYLE="letter-spacing: -0.15pt">structure&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">with&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">prevailing
market conditions, effectively&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">manage&nbsp;</FONT>our supply&nbsp;<FONT STYLE="letter-spacing: -0.15pt">chain,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">motivate&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>retain&nbsp;<FONT STYLE="letter-spacing: -0.1pt">key&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">employees.
During&nbsp;</FONT>periods of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">increasing demand,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">we
must&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">have sufficient inventory&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">fulfill
customer&nbsp;</FONT>orders,&nbsp;<FONT STYLE="letter-spacing: -0.15pt">effectively&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">manage&nbsp;</FONT>our
supply&nbsp;<FONT STYLE="letter-spacing: -0.15pt">chain,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">attract,
retain,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">motivate&nbsp;</FONT>a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">sufficient
number&nbsp;</FONT>of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">qualified individuals.&nbsp;</FONT>If&nbsp;<FONT STYLE="letter-spacing: -0.2pt">we&nbsp;</FONT>are
not able to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">timely&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>appropriately
adapt to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">changes&nbsp;</FONT>in our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">business
environment&nbsp;</FONT>or to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">accurately assess&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">where
we&nbsp;</FONT>are&nbsp;<FONT STYLE="letter-spacing: -0.15pt">positioned&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">within&nbsp;</FONT>a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">business
cycle,&nbsp;</FONT>our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">business, financial condition,&nbsp;</FONT>or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">results&nbsp;</FONT>of
operations&nbsp;<FONT STYLE="letter-spacing: -0.15pt">may&nbsp;</FONT>be&nbsp;<FONT STYLE="letter-spacing: -0.15pt">materially&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">adversely
affected.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><B><I>The industries in which we compete are highly competitive
and we may be unable to successfully compete to survive.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">We&nbsp;<FONT STYLE="letter-spacing: -0.15pt">compete&nbsp;</FONT>in&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the
market&nbsp;</FONT>for&nbsp;<FONT STYLE="letter-spacing: -0.15pt">renewable energy&nbsp;</FONT>products&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">microgrid
technology&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">associated services
that&nbsp;</FONT>is&nbsp;<FONT STYLE="letter-spacing: -0.15pt">intensely competitive. Evolving industry standards,&nbsp;</FONT>rapid
price&nbsp;<FONT STYLE="letter-spacing: -0.15pt">changes&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>product
obsolescence also&nbsp;<FONT STYLE="letter-spacing: -0.15pt">impact the market. Our competitors include&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">many&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">domestic&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">foreign
companies, most&nbsp;</FONT>of&nbsp;<FONT STYLE="letter-spacing: -0.2pt">which&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">have
substantially greater financial,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">marketing,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">personnel&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>other
resources&nbsp;<FONT STYLE="letter-spacing: -0.15pt">than&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">we&nbsp;</FONT>do.&nbsp;<FONT STYLE="letter-spacing: -0.15pt">Our
current competitors&nbsp;</FONT>or&nbsp;<FONT STYLE="letter-spacing: -0.1pt">new&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">market
entrants&nbsp;</FONT>could&nbsp;<FONT STYLE="letter-spacing: -0.15pt">introduce&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">new&nbsp;</FONT>or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">enhanced
technologies,&nbsp;</FONT>products or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">services&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">with&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">features
that&nbsp;</FONT>render our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">technologies,</FONT>&nbsp;products or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">services</FONT>&nbsp;obsolete,
less&nbsp;<FONT STYLE="letter-spacing: -0.15pt">competitive</FONT>&nbsp;or less&nbsp;<FONT STYLE="letter-spacing: -0.15pt">marketable.
Our success</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.2pt">will</FONT>&nbsp;be dependent upon our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">ability&nbsp;</FONT>to
develop products&nbsp;<FONT STYLE="letter-spacing: -0.15pt">that&nbsp;</FONT>are superior to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">existing&nbsp;</FONT>products&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>products&nbsp;<FONT STYLE="letter-spacing: -0.15pt">introduced&nbsp;</FONT>in&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the
future,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">which&nbsp;</FONT>are
cost&nbsp;<FONT STYLE="letter-spacing: -0.15pt">effective.&nbsp;</FONT>In addition,&nbsp;<FONT STYLE="letter-spacing: -0.2pt">we&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">may&nbsp;</FONT>be
required to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">continually enhance&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">any&nbsp;</FONT>products&nbsp;<FONT STYLE="letter-spacing: -0.15pt">that&nbsp;</FONT>are
developed as&nbsp;<FONT STYLE="letter-spacing: -0.2pt">well&nbsp;</FONT>as&nbsp;<FONT STYLE="letter-spacing: -0.15pt">introduce&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">new&nbsp;</FONT>products&nbsp;<FONT STYLE="letter-spacing: -0.15pt">that&nbsp;</FONT>keep
pace&nbsp;<FONT STYLE="letter-spacing: -0.2pt">with&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">technological change&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>address&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the
increasingly sophisticated&nbsp;</FONT>needs of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the marketplace. Even&nbsp;</FONT>if
our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">current technologies&nbsp;</FONT>prove to be&nbsp;<FONT STYLE="letter-spacing: -0.15pt">commercially
feasible, there&nbsp;</FONT>is&nbsp;<FONT STYLE="letter-spacing: -0.15pt">extensive&nbsp;</FONT>research&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">development&nbsp;</FONT>being&nbsp;<FONT STYLE="letter-spacing: -0.15pt">conducted&nbsp;</FONT>on&nbsp;<FONT STYLE="letter-spacing: -0.15pt">alternative
energy&nbsp;</FONT>sources&nbsp;<FONT STYLE="letter-spacing: -0.15pt">that may&nbsp;</FONT>render our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">technologies&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>protocols
obsolete or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">otherwise non-competitive.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">There can be no&nbsp;<FONT STYLE="letter-spacing: -0.15pt">assurance
that&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">we will&nbsp;</FONT>be able to keep pace&nbsp;<FONT STYLE="letter-spacing: -0.2pt">with&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">the
technological demands&nbsp;</FONT>of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the marketplace&nbsp;</FONT>or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">successfully&nbsp;</FONT>develop
products&nbsp;<FONT STYLE="letter-spacing: -0.15pt">that&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">will&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">succeed&nbsp;</FONT>in&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the
marketplace. As&nbsp;</FONT>a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">small company,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">we
will&nbsp;</FONT>be at a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">competitive disadvantage&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">most&nbsp;</FONT>of
our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">competitors,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">which&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">include
larger, established companies that have substantially greater financial, technical,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">manufacturing,
marketing,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">distribution&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>other
resources&nbsp;<FONT STYLE="letter-spacing: -0.15pt">than us.&nbsp;</FONT>There can be no&nbsp;<FONT STYLE="letter-spacing: -0.15pt">assurance
that&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">we will&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">have the&nbsp;</FONT>capital
resources&nbsp;<FONT STYLE="letter-spacing: -0.15pt">available&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">undertake
the&nbsp;</FONT>research&nbsp;<FONT STYLE="letter-spacing: -0.15pt">that may&nbsp;</FONT>be&nbsp;<FONT STYLE="letter-spacing: -0.15pt">necessary&nbsp;</FONT>to
upgrade our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">equipment&nbsp;</FONT>or develop&nbsp;<FONT STYLE="letter-spacing: -0.1pt">new&nbsp;</FONT>devices
to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">meet the efficiencies&nbsp;</FONT>of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">changing
technologies. Our inability&nbsp;</FONT>to adapt to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">technological change&nbsp;</FONT>could&nbsp;<FONT STYLE="letter-spacing: -0.15pt">have&nbsp;</FONT>a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">materially&nbsp;</FONT>adverse&nbsp;<FONT STYLE="letter-spacing: -0.15pt">effect&nbsp;</FONT>on
our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">results&nbsp;</FONT>of operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;<B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><B><I>We rely on patents and proprietary&nbsp;<FONT STYLE="letter-spacing: -0.15pt">rights&nbsp;</FONT>to
protect our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">technology,&nbsp;</FONT>and&nbsp;<FONT STYLE="letter-spacing: -0.15pt">enforcing
those rights&nbsp;</FONT>could&nbsp;<FONT STYLE="letter-spacing: -0.15pt">disrupt&nbsp;</FONT>our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">business&nbsp;</FONT>operation
and divert precious&nbsp;<FONT STYLE="letter-spacing: -0.15pt">resources&nbsp;</FONT>that could&nbsp;<FONT STYLE="letter-spacing: -0.15pt">ultimately&nbsp;</FONT>harm
our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">future&nbsp;</FONT>prospects.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25pt 0 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">We rely on a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">combination&nbsp;</FONT>of
trade&nbsp;<FONT STYLE="letter-spacing: -0.15pt">secrets, confidentiality agreements&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>procedures&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">patents&nbsp;</FONT>to
protect our proprietary&nbsp;<FONT STYLE="letter-spacing: -0.15pt">technologies.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 6.35pt 0 7.95pt"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 6.35pt 0 7.95pt"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 6.35pt 0 7.95pt"><FONT STYLE="letter-spacing: -0.15pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">In relation to our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">microgrid
business,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">we&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">own the following
patents:&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">Patent&nbsp;</FONT>No. 9,941,696 B2 and patent number 10,658,839&nbsp;<FONT STYLE="letter-spacing: -0.15pt">&quot;Establishing&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">Communication&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">Power
Sharing&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">Links&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">Between Components&nbsp;</FONT>of
a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">Distributed Energy&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">System,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">awarded
April&nbsp;</FONT>10, 2018, The&nbsp;<FONT STYLE="letter-spacing: -0.1pt">patent&nbsp;</FONT>covers&nbsp;<FONT STYLE="letter-spacing: -0.15pt">CleanSpark's
ability&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">receive&nbsp;</FONT>data from a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">plurality&nbsp;</FONT>of
sources&nbsp;<FONT STYLE="letter-spacing: -0.2pt">within&nbsp;</FONT>a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">microgrid,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">which&nbsp;</FONT>is&nbsp;<FONT STYLE="letter-spacing: -0.15pt">then
analyzed&nbsp;</FONT>to forecast&nbsp;<FONT STYLE="letter-spacing: -0.15pt">power&nbsp;</FONT>needs across&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the
microgrid,&nbsp;</FONT>or a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">combination&nbsp;</FONT>of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">multiple
'fractal' microgrids,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">then
determining&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">whether&nbsp;</FONT>or&nbsp;<FONT STYLE="letter-spacing: -0.2pt">when&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">share
power&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">with&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">the requesting module.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">We also own patent numbers 8,518,133 and 8,105,401 &lsquo;Parallel
Path, Downdraft Gasifier Apparatus and Method'&rsquo; and patent number 9,359,567 &lsquo;Gasification Method Using Feedstock Comprising
Gaseous Fuel&rsquo;&ndash; which covers our Gasifier technology. We also own patent number 8,342,829 entitled &lsquo;Electrolytic
Reactor and Related Methods for Supplementing the Air Intake of an Internal Combustion Engine.&rsquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><FONT STYLE="letter-spacing: -0.15pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">The&nbsp;<FONT STYLE="letter-spacing: -0.15pt">claims contained&nbsp;</FONT>in&nbsp;<FONT STYLE="letter-spacing: -0.1pt">any
patent&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">may&nbsp;</FONT>not provide adequate protection for our products&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">technology.&nbsp;</FONT>In&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the&nbsp;</FONT>absence
of&nbsp;<FONT STYLE="letter-spacing: -0.1pt">patent&nbsp;</FONT>protection,&nbsp;<FONT STYLE="letter-spacing: -0.2pt">we&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">may&nbsp;</FONT>be&nbsp;<FONT STYLE="letter-spacing: -0.15pt">vulnerable&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">competitors&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">who&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">attempt&nbsp;</FONT>to
copy our products or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">gain&nbsp;</FONT>access to our trade secrets&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">know-how.&nbsp;</FONT>In
addition,&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">laws&nbsp;</FONT>of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">foreign
countries may&nbsp;</FONT>not protect our proprietary&nbsp;<FONT STYLE="letter-spacing: -0.15pt">rights&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">this
technology&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the same extent&nbsp;</FONT>as&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">laws&nbsp;</FONT>of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the
U.S.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">If a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">dispute&nbsp;</FONT>arises&nbsp;<FONT STYLE="letter-spacing: -0.15pt">concerning&nbsp;</FONT>our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">technology,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">we&nbsp;</FONT>could&nbsp;<FONT STYLE="letter-spacing: -0.15pt">become
involved&nbsp;</FONT>in&nbsp;<FONT STYLE="letter-spacing: -0.15pt">litigation that&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">might&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">involve
substantial&nbsp;</FONT>cost.&nbsp;<FONT STYLE="letter-spacing: -0.15pt">Litigation&nbsp;</FONT>could&nbsp;<FONT STYLE="letter-spacing: -0.1pt">divert&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">substantial&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">management&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">attention
away&nbsp;</FONT>from our operations&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">into
efforts&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">enforce&nbsp;</FONT>our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">patents,&nbsp;</FONT>protect
our trade secrets or&nbsp;<FONT STYLE="letter-spacing: -0.2pt">know-how&nbsp;</FONT>or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">determine
the&nbsp;</FONT>scope of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the&nbsp;</FONT>proprietary&nbsp;<FONT STYLE="letter-spacing: -0.15pt">rights&nbsp;</FONT>of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">others.&nbsp;</FONT>If
a proceeding&nbsp;<FONT STYLE="letter-spacing: -0.15pt">resulted&nbsp;</FONT>in adverse&nbsp;<FONT STYLE="letter-spacing: -0.15pt">findings,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">we&nbsp;</FONT>could
be subject to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">significant liabilities</FONT>&nbsp;to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">third</FONT>&nbsp;parties.
We&nbsp;<FONT STYLE="letter-spacing: -0.2pt">might</FONT>&nbsp;also be required to seek&nbsp;<FONT STYLE="letter-spacing: -0.15pt">licenses</FONT>&nbsp;from&nbsp;<FONT STYLE="letter-spacing: -0.15pt">third</FONT>&nbsp;parties
to&nbsp;<FONT STYLE="letter-spacing: -0.2pt">manufacture</FONT>&nbsp;or sell our products.&nbsp;<FONT STYLE="letter-spacing: -0.15pt">Our
ability&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.2pt">manufacture&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>sell
our products&nbsp;<FONT STYLE="letter-spacing: -0.15pt">may&nbsp;</FONT>also be&nbsp;<FONT STYLE="letter-spacing: -0.15pt">adversely
affected&nbsp;</FONT>by other&nbsp;<FONT STYLE="letter-spacing: -0.15pt">unforeseen&nbsp;</FONT>factors&nbsp;<FONT STYLE="letter-spacing: -0.15pt">relating&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the&nbsp;</FONT>proceeding
or its&nbsp;<FONT STYLE="letter-spacing: -0.15pt">outcome.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><B><I>As we continue to grow and to develop our intellectual
property, we could attract threats from patent monetization firms or competitors alleging infringement of intellectual property
rights.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25pt 0 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">Some of our competitors may be able to sustain the costs
of complex patent litigation more effectively than we can because they have substantially greater resources. If we do not prevail
in this type of litigation, we may be required to: pay monetary damages; stop commercial activities relating to our product; obtain
one or more licenses in order to secure the rights to continue manufacturing or marketing certain products; or attempt to compete
in the market with substantially similar products. Uncertainties resulting from the initiation and continuation of any litigation
could limit our ability to continue some of our operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><B><I>A material part of our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">success
will</FONT>&nbsp;depend on our ability to manage our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">suppliers</FONT>&nbsp;and contract&nbsp;<FONT STYLE="letter-spacing: -0.15pt">manufacturers.
Our failure</FONT>&nbsp;to manage our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">suppliers&nbsp;</FONT>and contract&nbsp;<FONT STYLE="letter-spacing: -0.15pt">manufacturers&nbsp;</FONT>could
materially and adversely affect our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">results&nbsp;</FONT>of operations and&nbsp;<FONT STYLE="letter-spacing: -0.15pt">relations
with&nbsp;</FONT>our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">customers.</FONT></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.3pt 0 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">We rely upon&nbsp;<FONT STYLE="letter-spacing: -0.15pt">suppliers&nbsp;</FONT>to
provide&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the components necessary&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">build&nbsp;</FONT>our
products&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>on contract&nbsp;<FONT STYLE="letter-spacing: -0.15pt">manufacturers&nbsp;</FONT>to
procure&nbsp;<FONT STYLE="letter-spacing: -0.15pt">components&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">assemble&nbsp;</FONT>our
products. There can be no&nbsp;<FONT STYLE="letter-spacing: -0.15pt">assurance that</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.1pt">key</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.15pt">suppliers&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>contract&nbsp;<FONT STYLE="letter-spacing: -0.15pt">manufacturers</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.2pt">will</FONT>&nbsp;provide&nbsp;<FONT STYLE="letter-spacing: -0.15pt">components</FONT>&nbsp;or
products in a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">timely&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>cost&nbsp;<FONT STYLE="letter-spacing: -0.15pt">efficient&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">manner&nbsp;</FONT>or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">otherwise
meet&nbsp;</FONT>our needs&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">expectations.
Our ability&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.2pt">manage&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">such
relationships&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">timely&nbsp;</FONT>replace&nbsp;<FONT STYLE="letter-spacing: -0.15pt">suppliers&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>contract&nbsp;<FONT STYLE="letter-spacing: -0.15pt">manufacturers,&nbsp;</FONT>if&nbsp;<FONT STYLE="letter-spacing: -0.15pt">necessary,&nbsp;</FONT>is&nbsp;<FONT STYLE="letter-spacing: -0.15pt">critical&nbsp;</FONT>to
our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">success. Our failure&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">timely&nbsp;</FONT>replace
our contract&nbsp;<FONT STYLE="letter-spacing: -0.15pt">manufacturers&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">suppliers,
should that become necessary,&nbsp;</FONT>could&nbsp;<FONT STYLE="letter-spacing: -0.15pt">materially&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">adversely
affect&nbsp;</FONT>our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">results&nbsp;</FONT>of operations&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">relations&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">with&nbsp;</FONT>our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">customers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><B><I>If we are the subject of future product defect or
liability suits, our business will likely fail.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">In&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">course&nbsp;</FONT>of
our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">planned&nbsp;</FONT>operations,&nbsp;<FONT STYLE="letter-spacing: -0.2pt">we&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">may
become&nbsp;</FONT>subject to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">legal actions&nbsp;</FONT>based on a claim&nbsp;<FONT STYLE="letter-spacing: -0.15pt">that&nbsp;</FONT>our
products are&nbsp;<FONT STYLE="letter-spacing: -0.15pt">defective&nbsp;</FONT>in&nbsp;<FONT STYLE="letter-spacing: -0.2pt">workmanship&nbsp;</FONT>or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">have
caused&nbsp;</FONT>personal or other&nbsp;<FONT STYLE="letter-spacing: -0.15pt">injuries.&nbsp;</FONT>We&nbsp;<FONT STYLE="letter-spacing: -0.15pt">currently
maintain liability insurance&nbsp;</FONT>but&nbsp;<FONT STYLE="letter-spacing: -0.15pt">there&nbsp;</FONT>can be no&nbsp;<FONT STYLE="letter-spacing: -0.15pt">guarantee
that such coverage may</FONT>&nbsp;not be adequate to cover all&nbsp;<FONT STYLE="letter-spacing: -0.15pt">potential claims.</FONT>&nbsp;Moreover,
even if&nbsp;<FONT STYLE="letter-spacing: -0.2pt">we&nbsp;</FONT>are able to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">maintain
sufficient insurance coverage&nbsp;</FONT>in&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the future,</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.1pt">any</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.15pt">successful</FONT>&nbsp;claim
could&nbsp;<FONT STYLE="letter-spacing: -0.15pt">significantly</FONT>&nbsp;harm our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">business,
financial</FONT>&nbsp;condition&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.15pt">results</FONT>&nbsp;of
operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><B><I>We may be exposed to lawsuits and other claims if
our products malfunction, which could increase our expenses, harm our reputation and prevent us from growing our business.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25pt 0 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><FONT STYLE="letter-spacing: -0.15pt">Any liability&nbsp;</FONT>for&nbsp;<FONT STYLE="letter-spacing: -0.15pt">damages
resulting&nbsp;</FONT>from&nbsp;<FONT STYLE="letter-spacing: -0.2pt">malfunctions&nbsp;</FONT>of our products could be&nbsp;<FONT STYLE="letter-spacing: -0.15pt">substantial,
increase&nbsp;</FONT>our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">expenses&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">prevent&nbsp;</FONT>us
from&nbsp;<FONT STYLE="letter-spacing: -0.2pt">growing&nbsp;</FONT>or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">continuing&nbsp;</FONT>our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">business.
Potential customers may&nbsp;</FONT>rely on our products for&nbsp;<FONT STYLE="letter-spacing: -0.15pt">critical&nbsp;</FONT>needs&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">malfunction&nbsp;</FONT>of
our products could&nbsp;<FONT STYLE="letter-spacing: -0.15pt">result</FONT>&nbsp;in&nbsp;<FONT STYLE="letter-spacing: -0.15pt">warranty
claims</FONT>&nbsp;or other product&nbsp;<FONT STYLE="letter-spacing: -0.15pt">liability.</FONT>&nbsp;In addition, a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">well-publicized
actual</FONT>&nbsp;or perceived problem could&nbsp;<FONT STYLE="letter-spacing: -0.15pt">adversely affect the market&rsquo;s</FONT>&nbsp;perception
of our products. This could&nbsp;<FONT STYLE="letter-spacing: -0.15pt">result</FONT>&nbsp;in a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">decline</FONT>&nbsp;in&nbsp;<FONT STYLE="letter-spacing: -0.15pt">demand&nbsp;</FONT>for
our products,&nbsp;<FONT STYLE="letter-spacing: -0.2pt">which would</FONT>&nbsp;reduce&nbsp;<FONT STYLE="letter-spacing: -0.15pt">revenue</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and</FONT>&nbsp;harm
our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">business. Further, since&nbsp;</FONT>our products are&nbsp;<FONT STYLE="letter-spacing: -0.15pt">used&nbsp;</FONT>in&nbsp;<FONT STYLE="letter-spacing: -0.2pt">systems&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">that&nbsp;</FONT>are&nbsp;<FONT STYLE="letter-spacing: -0.15pt">made&nbsp;</FONT>up
on&nbsp;<FONT STYLE="letter-spacing: -0.15pt">components made&nbsp;</FONT>by other&nbsp;<FONT STYLE="letter-spacing: -0.15pt">manufacturers,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">we&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">may&nbsp;</FONT>be
subject to product&nbsp;<FONT STYLE="letter-spacing: -0.15pt">liability claims</FONT>&nbsp;even if our products do not&nbsp;<FONT STYLE="letter-spacing: -0.2pt">malfunction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><B><I>Any failure by management to properly manage growth
could have a material adverse effect on our business, operating results and financial condition.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25pt 0 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">If our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">business&nbsp;</FONT>develops
as expected,&nbsp;<FONT STYLE="letter-spacing: -0.2pt">we&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">anticipate that&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">we
will&nbsp;</FONT>grow rapidly in&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the&nbsp;</FONT>near&nbsp;<FONT STYLE="letter-spacing: -0.15pt">future.
Our failure&nbsp;</FONT>to properly&nbsp;<FONT STYLE="letter-spacing: -0.2pt">manage&nbsp;</FONT>our expected rapid&nbsp;<FONT STYLE="letter-spacing: -0.15pt">growth&nbsp;</FONT>could&nbsp;<FONT STYLE="letter-spacing: -0.15pt">have&nbsp;</FONT>a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">material&nbsp;</FONT>adverse&nbsp;<FONT STYLE="letter-spacing: -0.15pt">effect&nbsp;</FONT>on
our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">ability&nbsp;</FONT>to retain&nbsp;<FONT STYLE="letter-spacing: -0.1pt">key&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">personnel.
Our expansion&nbsp;</FONT>could also place&nbsp;<FONT STYLE="letter-spacing: -0.15pt">significant demands&nbsp;</FONT>on our&nbsp;<FONT STYLE="letter-spacing: -0.2pt">management,&nbsp;</FONT>operations,&nbsp;<FONT STYLE="letter-spacing: -0.2pt">systems,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">accounting,
internal&nbsp;</FONT>controls&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">financial
resources.&nbsp;</FONT>If&nbsp;<FONT STYLE="letter-spacing: -0.2pt">we&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">experience
difficulties&nbsp;</FONT>in&nbsp;<FONT STYLE="letter-spacing: -0.1pt">any&nbsp;</FONT>of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">these&nbsp;</FONT>areas,&nbsp;<FONT STYLE="letter-spacing: -0.2pt">we&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">may&nbsp;</FONT>not
be able to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">expand&nbsp;</FONT>our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">business
successfully&nbsp;</FONT>or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">effectively&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">manage&nbsp;</FONT>our&nbsp;<FONT STYLE="letter-spacing: -0.2pt">growth.&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">Any
failure&nbsp;</FONT>by&nbsp;<FONT STYLE="letter-spacing: -0.2pt">management&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.2pt">manage&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">growth&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>to
respond to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">changes&nbsp;</FONT>in our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">business&nbsp;</FONT>could&nbsp;<FONT STYLE="letter-spacing: -0.15pt">have&nbsp;</FONT>a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">material&nbsp;</FONT>adverse&nbsp;<FONT STYLE="letter-spacing: -0.15pt">effect&nbsp;</FONT>on
our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">business, financial&nbsp;</FONT>condition&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">results&nbsp;</FONT>of
operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><B><I>The lack of management experience in the renewable
energy and microgrid industries could adversely affect our company.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><FONT STYLE="letter-spacing: -0.15pt">Some members&nbsp;</FONT>of&nbsp;<FONT STYLE="letter-spacing: -0.2pt">management&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">the&nbsp;</FONT>board
of directors&nbsp;<FONT STYLE="letter-spacing: -0.15pt">may&nbsp;</FONT>not&nbsp;<FONT STYLE="letter-spacing: -0.15pt">have&nbsp;</FONT>prior&nbsp;<FONT STYLE="letter-spacing: -0.15pt">experience&nbsp;</FONT>in&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the
energy industry. Some members&nbsp;</FONT>do,&nbsp;<FONT STYLE="letter-spacing: -0.15pt">however, have extensive work experience&nbsp;</FONT>in&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the
reclamation, environmental industries, energy industries, financial/accounting industries,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">business</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.2pt">management.</FONT>&nbsp;The
lack of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">experience</FONT>&nbsp;in&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the alternative
energy industry may impair</FONT>&nbsp;our&nbsp;<FONT STYLE="letter-spacing: -0.2pt">managements&rsquo;</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and</FONT>&nbsp;directors&rsquo;&nbsp;<FONT STYLE="letter-spacing: -0.15pt">ability</FONT>&nbsp;to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">evaluate&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">make&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">decisions
involving&nbsp;</FONT>our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">current&nbsp;</FONT>operations&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and
any&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">future&nbsp;</FONT>projects&nbsp;<FONT STYLE="letter-spacing: -0.2pt">we&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">may
undertake&nbsp;</FONT>in&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the alternative energy industry. Such</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.2pt">impairment</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and</FONT>&nbsp;lack
of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">experience</FONT>&nbsp;could&nbsp;<FONT STYLE="letter-spacing: -0.15pt">adversely
affect</FONT>&nbsp;our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">business, financial</FONT>&nbsp;condition&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.15pt">future</FONT>&nbsp;operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><B><I>If we are unable to attract and retain a sufficient
number of skilled experts and workers our ability to pursue projects may be adversely affected and our costs may increase.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25pt 0 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><FONT STYLE="letter-spacing: -0.15pt">Our&nbsp;</FONT>rate
of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">growth&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">will&nbsp;</FONT>be&nbsp;<FONT STYLE="letter-spacing: -0.15pt">confined&nbsp;</FONT>by
resource&nbsp;<FONT STYLE="letter-spacing: -0.15pt">limitations&nbsp;</FONT>as&nbsp;<FONT STYLE="letter-spacing: -0.15pt">competitors&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">customers
compete&nbsp;</FONT>for&nbsp;<FONT STYLE="letter-spacing: -0.15pt">increasingly&nbsp;</FONT>scarce&nbsp;<FONT STYLE="letter-spacing: -0.15pt">resources.&nbsp;</FONT>We&nbsp;<FONT STYLE="letter-spacing: -0.15pt">believe
that&nbsp;</FONT>our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">success&nbsp;</FONT>depends upon our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">ability&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">attract,&nbsp;</FONT>develop&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>retain
a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">sufficient number&nbsp;</FONT>of affordable&nbsp;<FONT STYLE="letter-spacing: -0.15pt">trained&nbsp;</FONT>experts&nbsp;<FONT STYLE="letter-spacing: -0.15pt">that&nbsp;</FONT>can&nbsp;<FONT STYLE="letter-spacing: -0.15pt">execute&nbsp;</FONT>our
operational&nbsp;<FONT STYLE="letter-spacing: -0.15pt">strategy.&nbsp;</FONT>The&nbsp;<FONT STYLE="letter-spacing: -0.15pt">demand&nbsp;</FONT>for&nbsp;<FONT STYLE="letter-spacing: -0.15pt">trained
software engineers, electrical engineers&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>other&nbsp;<FONT STYLE="letter-spacing: -0.15pt">skilled
workers&nbsp;</FONT>is&nbsp;<FONT STYLE="letter-spacing: -0.15pt">currently high.</FONT>&nbsp;If&nbsp;<FONT STYLE="letter-spacing: -0.2pt">we&nbsp;</FONT>are&nbsp;<FONT STYLE="letter-spacing: -0.15pt">unable</FONT>&nbsp;to
attract&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>retain a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">sufficient
number</FONT>&nbsp;of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">skilled personnel,&nbsp;</FONT>our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">ability</FONT>&nbsp;to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">pursue&nbsp;</FONT>projects&nbsp;<FONT STYLE="letter-spacing: -0.15pt">may</FONT>&nbsp;be&nbsp;<FONT STYLE="letter-spacing: -0.15pt">adversely
affected&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the</FONT>&nbsp;costs
of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">performing</FONT>&nbsp;our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">existing</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.15pt">future</FONT>&nbsp;projects&nbsp;<FONT STYLE="letter-spacing: -0.15pt">may
increase,</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.2pt">which</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.15pt">may adversely
impact</FONT>&nbsp;our&nbsp;<FONT STYLE="letter-spacing: -0.2pt">margins.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><B><I>We have engaged in and may engage in acquisitions
that could disrupt our business, cause dilution to our stockholders and reduce our financial resources.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 6.95pt 0 7.95pt"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">We have been involved in significant acquisitions in our
lifespan. In the future, we may enter into transactions to acquire other businesses, products or technologies. If we do identify
suitable candidates, we may not be able to make such acquisitions on favorable terms or at all. Any acquisitions we have made or
plan to make may not strengthen our competitive position, and these transactions may be viewed negatively by customers or investors.
We have and may decide in the future to incur debt in connection with an acquisition or issue our common stock or other securities
to the stockholders of the acquired company, which would reduce the percentage ownership of our existing stockholders. We could
incur losses</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">resulting from undiscovered liabilities of the acquired business that are not covered by the indemnification we may
obtain from the seller. In addition, we may not be able to successfully integrate the acquired personnel, technologies and operations
into our existing business in an effective, timely and non-disruptive manner. Acquisitions may also divert management from day-to-day
responsibilities, increase our expenses and reduce our cash available for operations and other uses. We cannot predict the number,
timing or size of future acquisitions or the effect that the acquisition we have engaged in or any such future transactions might
have on our operating results.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><B><I>Our business is substantially dependent on utility
rate structures and government incentive programs that encourage the use of alternative energy sources. The reduction or elimination
of government subsidies and economic incentives for energy-related technologies would harm our business.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25pt 0 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">We&nbsp;<FONT STYLE="letter-spacing: -0.15pt">believe that
near-term growth&nbsp;</FONT>of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">energy-related technologies, including power conversion
technology,&nbsp;</FONT>relies partly on&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the availability&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>size
of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">government&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">economic
incentives&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">grants (including,&nbsp;</FONT>but
not&nbsp;<FONT STYLE="letter-spacing: -0.15pt">limited&nbsp;</FONT>to,&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the U.S.&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">Investment&nbsp;</FONT>Tax
Credit&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">various state&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>local&nbsp;<FONT STYLE="letter-spacing: -0.15pt">incentive
programs).&nbsp;</FONT>These&nbsp;<FONT STYLE="letter-spacing: -0.15pt">incentive programs&nbsp;</FONT>could be&nbsp;<FONT STYLE="letter-spacing: -0.15pt">challenged&nbsp;</FONT>by&nbsp;<FONT STYLE="letter-spacing: -0.15pt">utility
companies,&nbsp;</FONT>or for other&nbsp;<FONT STYLE="letter-spacing: -0.1pt">reasons&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">found&nbsp;</FONT>to
be&nbsp;<FONT STYLE="letter-spacing: -0.15pt">unconstitutional,&nbsp;</FONT>and/or could be reduced or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">discontinued&nbsp;</FONT>for
other&nbsp;<FONT STYLE="letter-spacing: -0.15pt">reasons.&nbsp;</FONT>The&nbsp;<FONT STYLE="letter-spacing: -0.15pt">reduction,
elimination,&nbsp;</FONT>or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">expiration&nbsp;</FONT>of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">government
subsidies&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">economic incentives&nbsp;</FONT>could
harm our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">A&nbsp;<FONT STYLE="letter-spacing: -0.15pt">combination&nbsp;</FONT>of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">utility&nbsp;</FONT>rate&nbsp;<FONT STYLE="letter-spacing: -0.15pt">structures&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">government
subsidies that encourage the use&nbsp;</FONT>of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">alternative energy&nbsp;</FONT>sources
is a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">primary&nbsp;</FONT>driver of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">demand&nbsp;</FONT>for
our products. For&nbsp;<FONT STYLE="letter-spacing: -0.15pt">example,&nbsp;</FONT>public&nbsp;<FONT STYLE="letter-spacing: -0.15pt">utilities&nbsp;</FONT>are
often&nbsp;<FONT STYLE="letter-spacing: -0.15pt">allowed&nbsp;</FONT>to collect&nbsp;<FONT STYLE="letter-spacing: -0.15pt">demand
charges&nbsp;</FONT>on&nbsp;<FONT STYLE="letter-spacing: -0.15pt">commercial&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">industrial
customers&nbsp;</FONT>in addition to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">traditional usage charges.&nbsp;</FONT>In addition,&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the&nbsp;</FONT>federal&nbsp;<FONT STYLE="letter-spacing: -0.15pt">government&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">many&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">states
encourage the use&nbsp;</FONT>of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">alternative energy&nbsp;</FONT>sources&nbsp;<FONT STYLE="letter-spacing: -0.15pt">through&nbsp;</FONT>a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">combination&nbsp;</FONT>of
direct&nbsp;<FONT STYLE="letter-spacing: -0.15pt">subsidies&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">tariff
incentives such&nbsp;</FONT>as&nbsp;<FONT STYLE="letter-spacing: -0.1pt">net&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">metering&nbsp;</FONT>for&nbsp;<FONT STYLE="letter-spacing: -0.15pt">users
that use alternative energy&nbsp;</FONT>sources&nbsp;<FONT STYLE="letter-spacing: -0.15pt">such&nbsp;</FONT>as solar&nbsp;<FONT STYLE="letter-spacing: -0.15pt">power.
California&nbsp;</FONT>also&nbsp;<FONT STYLE="letter-spacing: -0.15pt">encourages alternative energy technology through&nbsp;</FONT>its&nbsp;<FONT STYLE="letter-spacing: -0.15pt">Self-Generation
Incentive Program,&nbsp;</FONT>or SGIP,&nbsp;<FONT STYLE="letter-spacing: -0.2pt">which&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">offers&nbsp;</FONT>rebates
for&nbsp;<FONT STYLE="letter-spacing: -0.15pt">businesses&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">consumers&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">who&nbsp;</FONT>adopt
certain&nbsp;<FONT STYLE="letter-spacing: -0.1pt">new&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">technologies. Other states
have similar incentives&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">mandates&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">which&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">encourage
the&nbsp;</FONT>adoption of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">alternative energy sources. Notwithstanding the&nbsp;</FONT>adoption
of other&nbsp;<FONT STYLE="letter-spacing: -0.15pt">incentive programs,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">we&nbsp;</FONT>expect&nbsp;<FONT STYLE="letter-spacing: -0.15pt">that
California&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">will&nbsp;</FONT>be&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the
most significant market</FONT>&nbsp;for&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the</FONT>&nbsp;sale of our products in&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the</FONT>&nbsp;near&nbsp;<FONT STYLE="letter-spacing: -0.15pt">term.
Should California</FONT>&nbsp;or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">another state</FONT>&nbsp;in&nbsp;<FONT STYLE="letter-spacing: -0.2pt">which
we&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">derive&nbsp;</FONT>a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">substantial&nbsp;</FONT>portion
of our product&nbsp;<FONT STYLE="letter-spacing: -0.15pt">revenues&nbsp;</FONT>in&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the
future change&nbsp;</FONT>its&nbsp;<FONT STYLE="letter-spacing: -0.15pt">utility&nbsp;</FONT>rate&nbsp;<FONT STYLE="letter-spacing: -0.15pt">structure&nbsp;</FONT>or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">eliminate&nbsp;</FONT>or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">significantly&nbsp;</FONT>reduce
its&nbsp;<FONT STYLE="letter-spacing: -0.15pt">incentive programs, demand&nbsp;</FONT>for our products could be&nbsp;<FONT STYLE="letter-spacing: -0.15pt">substantially
affected,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">which would&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">adversely
affect&nbsp;</FONT>our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">business&nbsp;</FONT>prospects,&nbsp;<FONT STYLE="letter-spacing: -0.15pt">financial&nbsp;</FONT>condition&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>operating&nbsp;<FONT STYLE="letter-spacing: -0.15pt">results.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><B><I>Acquisitions could disrupt our operations and harm
our operating results.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">We may seek additional opportunities to expand our product
offerings or the markets we serve by acquiring other companies, product lines, technologies and personnel. Acquisitions involve
numerous risks, including the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">difficulties integrating the operations, technologies, products, and personnel of an acquired company or being subjected to liability for the target&rsquo;s pre&ndash;acquisition activities or operations as a successor in interest;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">diversion of management&rsquo;s attention from normal daily operations of the business;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">potential difficulties completing projects associated with in&ndash;process research and development;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">difficulties entering markets in which we have no or limited prior experience, especially when competitors in such markets have stronger market positions;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">initial dependence on unfamiliar supply chains or relatively small supply partners;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">insufficient revenues to offset increased expenses associated with acquisitions;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">the potential loss of key employees of the acquired companies; and</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">the potential for recording goodwill and intangible assets that later can be subject to impairment.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Acquisitions may also cause us to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">issue common stock that would dilute our current shareholders&rsquo; percentage ownership;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">assume or otherwise be subject to liabilities of an acquired company;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">record goodwill and non&ndash;amortizable intangible assets that will be subject to impairment testing on a regular basis and potential periodic impairment charges;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">incur amortization expenses related to certain intangible assets;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">incur large acquisition and integration costs, immediate write&ndash;offs, and restructuring and other related expenses; and</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">become subject to litigation.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.3pt 0 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.3pt 0 0">Mergers and acquisitions are inherently risky. No assurance
can be given that our acquisitions will be successful. Further, no assurance can be given that an acquisition will not adversely
affect our business, operating results, or financial condition. Failure to manage and successfully integrate an acquisition could
harm our business and operating results in a material&nbsp;<FONT STYLE="letter-spacing: -0.15pt">way.&nbsp;</FONT>Even when an
acquired company has already developed and marketed products, there can be no assurance that enhancements to those products will
be made in a timely manner or that pre&ndash;acquisition due diligence will identify all possible issues that might arise with
respect to such products or the acquired business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><B>Risks Related to Our Securities</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><B><I>Our common stock price may be volatile and could fluctuate
widely in price, which could result in substantial losses for investors.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">The market price of our common stock is likely to be highly
volatile and could fluctuate widely in price in response to various factors, many of which are beyond our control, including:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.1pt">technological innovations or new products and services by us or our competitors;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.1pt">government regulation of our products and services;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.1pt">the establishment of partnerships with other technology companies;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.1pt">intellectual property disputes;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.1pt">additions or departures of key personnel;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.1pt">sales of our common stock</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.1pt">our ability to integrate operations, technology, products and services;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.1pt">our ability to execute our business plan;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.1pt">operating results below expectations;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.1pt">loss of any strategic relationship;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.1pt">industry developments;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.1pt">economic and other external factors; and</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.1pt">period-to-period fluctuations in our financial results.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">Because we have not reached profitability to date, you should
consider any one of these factors to be material. Our stock price may fluctuate widely as a result of any of the above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">In addition,&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the
securities markets have&nbsp;</FONT>from&nbsp;<FONT STYLE="letter-spacing: -0.2pt">time&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.2pt">time&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">experienced
significant&nbsp;</FONT>price&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">volume&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">fluctuations
that&nbsp;</FONT>are&nbsp;<FONT STYLE="letter-spacing: -0.15pt">unrelated&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the&nbsp;</FONT>operating&nbsp;<FONT STYLE="letter-spacing: -0.15pt">performance&nbsp;</FONT>of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">particular
companies.</FONT>&nbsp;These&nbsp;<FONT STYLE="letter-spacing: -0.15pt">market fluctuations may</FONT>&nbsp;also&nbsp;<FONT STYLE="letter-spacing: -0.15pt">materially</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">adversely
affect the market</FONT>&nbsp;price of our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">common stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><B><I>We have the right to issue shares of preferred stock.
If we were to issue preferred stock, it is likely to have rights, preferences and privileges that may adversely affect the common
stock.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25pt 0 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">We are&nbsp;<FONT STYLE="letter-spacing: -0.15pt">authorized&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">issue&nbsp;</FONT>10,000,000&nbsp;<FONT STYLE="letter-spacing: -0.15pt">shares</FONT>&nbsp;of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">&ldquo;blank&nbsp;</FONT>check&rdquo;
preferred&nbsp;<FONT STYLE="letter-spacing: -0.15pt">stock,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">with&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">such
rights, preferences&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">privileges&nbsp;</FONT>as&nbsp;<FONT STYLE="letter-spacing: -0.15pt">may&nbsp;</FONT>be&nbsp;<FONT STYLE="letter-spacing: -0.15pt">determined&nbsp;</FONT>from&nbsp;<FONT STYLE="letter-spacing: -0.2pt">time-to-time&nbsp;</FONT>by
our board of directors.&nbsp;<FONT STYLE="letter-spacing: -0.15pt">Our&nbsp;</FONT>board of directors is&nbsp;<FONT STYLE="letter-spacing: -0.15pt">empowered,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">without&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">stockholder&nbsp;</FONT>approval,
to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">issue&nbsp;</FONT>preferred stock in one or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">more
series,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">fix&nbsp;</FONT>for&nbsp;<FONT STYLE="letter-spacing: -0.1pt">any&nbsp;</FONT>series&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the
dividend rights, dissolution&nbsp;</FONT>or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">liquidation preferences, redemption&nbsp;</FONT>prices,&nbsp;<FONT STYLE="letter-spacing: -0.15pt">conversion
rights, voting rights,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>other&nbsp;<FONT STYLE="letter-spacing: -0.15pt">rights,
preferences&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">privileges&nbsp;</FONT>for&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the&nbsp;</FONT>preferred&nbsp;<FONT STYLE="letter-spacing: -0.15pt">stock.&nbsp;</FONT>We&nbsp;<FONT STYLE="letter-spacing: -0.15pt">currently
have&nbsp;</FONT>1,750,000&nbsp;<FONT STYLE="letter-spacing: -0.15pt">shares</FONT>&nbsp;of our series A preferred stock&nbsp;<FONT STYLE="letter-spacing: -0.15pt">outstanding,
the features&nbsp;</FONT>of&nbsp;<FONT STYLE="letter-spacing: -0.2pt">which&nbsp;</FONT>are&nbsp;<FONT STYLE="letter-spacing: -0.15pt">contained
elsewhere&nbsp;</FONT>in&nbsp;<FONT STYLE="letter-spacing: -0.15pt">this prospectus</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">The&nbsp;<FONT STYLE="letter-spacing: -0.15pt">issuance&nbsp;</FONT>of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">shares&nbsp;</FONT>of
preferred&nbsp;<FONT STYLE="letter-spacing: -0.15pt">stock,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">depending&nbsp;</FONT>on&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the
rights, preferences&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">privileges
attributable&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the&nbsp;</FONT>preferred&nbsp;<FONT STYLE="letter-spacing: -0.15pt">stock,&nbsp;</FONT>could
reduce&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the voting rights&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">powers&nbsp;</FONT>of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the
common&nbsp;</FONT>stock&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">the&nbsp;</FONT>portion
of our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">assets&nbsp;</FONT>allocated for&nbsp;<FONT STYLE="letter-spacing: -0.15pt">distribution&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">common
stockholders&nbsp;</FONT>in a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">liquidation event,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>could
also&nbsp;<FONT STYLE="letter-spacing: -0.15pt">result&nbsp;</FONT>in&nbsp;<FONT STYLE="letter-spacing: -0.15pt">dilution&nbsp;</FONT>in&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the&nbsp;</FONT>book&nbsp;<FONT STYLE="letter-spacing: -0.15pt">value&nbsp;</FONT>per&nbsp;<FONT STYLE="letter-spacing: -0.15pt">share&nbsp;</FONT>of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the
common&nbsp;</FONT>stock&nbsp;<FONT STYLE="letter-spacing: -0.2pt">we&nbsp;</FONT>are&nbsp;<FONT STYLE="letter-spacing: -0.15pt">offering.&nbsp;</FONT>The
preferred stock could also be&nbsp;<FONT STYLE="letter-spacing: -0.15pt">utilized, under</FONT>&nbsp;certain&nbsp;<FONT STYLE="letter-spacing: -0.15pt">circumstances,</FONT>&nbsp;as
a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">method</FONT>&nbsp;for&nbsp;<FONT STYLE="letter-spacing: -0.15pt">raising</FONT>&nbsp;additional
capital or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">discouraging, delaying</FONT>&nbsp;or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">preventing&nbsp;</FONT>a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">change&nbsp;</FONT>in
control of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">Company,&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the
detriment&nbsp;</FONT>of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the investors&nbsp;</FONT>in&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the
common&nbsp;</FONT>stock&nbsp;<FONT STYLE="letter-spacing: -0.15pt">offered hereby.&nbsp;</FONT>We&nbsp;<FONT STYLE="letter-spacing: -0.15pt">cannot
assure you that&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">we will&nbsp;</FONT>not,&nbsp;<FONT STYLE="letter-spacing: -0.15pt">under&nbsp;</FONT>certain&nbsp;<FONT STYLE="letter-spacing: -0.15pt">circumstances,
issue shares&nbsp;</FONT>of our preferred&nbsp;<FONT STYLE="letter-spacing: -0.15pt">stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.35pt 0 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><B><I>We have not paid dividends in the past and have no
immediate plans to pay dividends.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25pt 0 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">We plan to&nbsp;<FONT STYLE="letter-spacing: -0.2pt">reinvest&nbsp;</FONT>all
of our&nbsp;<FONT STYLE="letter-spacing: -0.2pt">earnings,&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">extent&nbsp;</FONT><FONT STYLE="letter-spacing: -0.25pt">we&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">have
earnings,&nbsp;</FONT>in order to&nbsp;<FONT STYLE="letter-spacing: -0.2pt">market&nbsp;</FONT>our products&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>to
cover operating costs&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.2pt">otherwise&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">become&nbsp;</FONT><FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">remain
competitive.&nbsp;</FONT>We do not plan to pay&nbsp;<FONT STYLE="letter-spacing: -0.1pt">any&nbsp;</FONT>cash&nbsp;<FONT STYLE="letter-spacing: -0.15pt">dividends&nbsp;</FONT><FONT STYLE="letter-spacing: -0.25pt">with&nbsp;</FONT>respect
to our&nbsp;<FONT STYLE="letter-spacing: -0.2pt">securities&nbsp;</FONT>in&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the&nbsp;</FONT>foreseeable&nbsp;<FONT STYLE="letter-spacing: -0.2pt">future.&nbsp;</FONT>We&nbsp;<FONT STYLE="letter-spacing: -0.15pt">cannot&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">assure&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">you
that&nbsp;</FONT><FONT STYLE="letter-spacing: -0.25pt">we&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">would,&nbsp;</FONT>at&nbsp;<FONT STYLE="letter-spacing: -0.1pt">any&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">time,
generate sufficient surplus&nbsp;</FONT>cash&nbsp;<FONT STYLE="letter-spacing: -0.15pt">that&nbsp;</FONT><FONT STYLE="letter-spacing: -0.25pt">would&nbsp;</FONT>be&nbsp;<FONT STYLE="letter-spacing: -0.2pt">available&nbsp;</FONT>for&nbsp;<FONT STYLE="letter-spacing: -0.2pt">distribution&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the&nbsp;</FONT>holders
of our&nbsp;<FONT STYLE="letter-spacing: -0.2pt">common&nbsp;</FONT>stock as a&nbsp;<FONT STYLE="letter-spacing: -0.15pt">dividend.&nbsp;</FONT>Therefore,&nbsp;<FONT STYLE="letter-spacing: -0.15pt">you&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">should&nbsp;</FONT>not
expect to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">receive&nbsp;</FONT>cash&nbsp;<FONT STYLE="letter-spacing: -0.15pt">dividends&nbsp;</FONT>on
our&nbsp;<FONT STYLE="letter-spacing: -0.2pt">common</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.15pt">stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><B><I>If&nbsp;<FONT STYLE="letter-spacing: -0.15pt">securities&nbsp;</FONT>or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">industry
analysts&nbsp;</FONT>do not&nbsp;<FONT STYLE="letter-spacing: -0.15pt">publish&nbsp;</FONT>or do not&nbsp;<FONT STYLE="letter-spacing: -0.15pt">continue&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">publish&nbsp;</FONT>research
or reports about our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">business,&nbsp;</FONT>or if&nbsp;<FONT STYLE="letter-spacing: -0.15pt">they
issue&nbsp;</FONT>an adverse or misleading opinion&nbsp;<FONT STYLE="letter-spacing: -0.1pt">regarding&nbsp;</FONT>our stock, our
stock price and&nbsp;<FONT STYLE="letter-spacing: -0.15pt">trading&nbsp;</FONT>volume could&nbsp;<FONT STYLE="letter-spacing: -0.15pt">decline.</FONT></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.3pt 0 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">The&nbsp;<FONT STYLE="letter-spacing: -0.15pt">trading market&nbsp;</FONT>for
our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">common&nbsp;</FONT>stock is&nbsp;<FONT STYLE="letter-spacing: -0.15pt">influenced&nbsp;</FONT>by&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the&nbsp;</FONT>research&nbsp;<FONT STYLE="letter-spacing: -0.1pt">and&nbsp;</FONT>reports&nbsp;<FONT STYLE="letter-spacing: -0.15pt">that
industry&nbsp;</FONT>or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">securities analysts publish&nbsp;</FONT>about us or our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">business.&nbsp;</FONT>If&nbsp;<FONT STYLE="letter-spacing: -0.1pt">any&nbsp;</FONT>of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the
analysts&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">who&nbsp;</FONT>cover us now or in&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the
future issue&nbsp;</FONT>an adverse opinion&nbsp;<FONT STYLE="letter-spacing: -0.15pt">regarding&nbsp;</FONT>our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">stock,&nbsp;</FONT>our
stock price&nbsp;<FONT STYLE="letter-spacing: -0.2pt">would&nbsp;</FONT><FONT STYLE="letter-spacing: -0.15pt">likely decline.&nbsp;</FONT>If
one or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">more&nbsp;</FONT>of&nbsp;<FONT STYLE="letter-spacing: -0.15pt">these analysts&nbsp;</FONT>ceases&nbsp;<FONT STYLE="letter-spacing: -0.15pt">coverage&nbsp;</FONT>of
our&nbsp;<FONT STYLE="letter-spacing: -0.15pt">company&nbsp;</FONT>or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">fail&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">publish&nbsp;</FONT>reports
on us&nbsp;<FONT STYLE="letter-spacing: -0.15pt">regularly,&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">we&nbsp;</FONT>could
lose&nbsp;<FONT STYLE="letter-spacing: -0.15pt">visibility&nbsp;</FONT>in&nbsp;<FONT STYLE="letter-spacing: -0.15pt">the financial
markets,</FONT>&nbsp;<FONT STYLE="letter-spacing: -0.2pt">which&nbsp;</FONT>in&nbsp;<FONT STYLE="letter-spacing: -0.15pt">turn&nbsp;</FONT>could&nbsp;<FONT STYLE="letter-spacing: -0.15pt">cause&nbsp;</FONT>our
stock price or&nbsp;<FONT STYLE="letter-spacing: -0.15pt">trading&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">volume&nbsp;</FONT>to&nbsp;<FONT STYLE="letter-spacing: -0.15pt">decline.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><B><I>Provisions in the Nevada Revised Statutes and our
Bylaws could make it very difficult for an investor to bring any legal actions against our directors or officers for violations
of their fiduciary duties or could require us to pay any amounts incurred by our directors or officers in any such actions.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><FONT STYLE="letter-spacing: -0.1pt">Members of our board
of directors and our officers will have no liability for breaches of their fiduciary duty of care as a director or officer, except
in limited circumstances, pursuant to provisions in the Nevada Revised Statutes and our Bylaws as authorized by the Nevada Revised
Statutes. Specifically, Section 78.138 of the Nevada Revised Statutes provides that a director or officer is not individually liable
to the company or its shareholders or creditors for any damages as a result of any act or failure to act in his or her capacity
as a director or officer unless it is proven that (1) the director&rsquo;s or officer&rsquo;s act or failure to act constituted
a breach of his or her fiduciary duties as a director or officer and (2) his or her breach of those duties involved intentional
misconduct, fraud or a knowing violation of law. This provision is intended to afford directors and officers protection against
and to limit their potential liability for monetary damages resulting from suits alleging a breach of the duty of care by a director
or officer. Accordingly, you may be unable to prevail in a legal action against our directors or officers even if they have breached
their fiduciary duty of care. In addition, our Bylaws allow us to indemnify our directors and officers from and against any and
all costs, charges and expenses resulting from their acting in such capacities with us. This means that if you were able to enforce
an action against our directors or officers, in all likelihood, we would be required to pay any expenses they incurred in defending
the lawsuit and any judgment or settlement they otherwise would be required to pay. Accordingly, our indemnification obligations
could divert needed financial resources and may adversely affect our business, financial condition, results of operations and cash
flows, and adversely affect prevailing market prices for our common stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B><I>Our management will have broad discretion over the
use of the net proceeds from this offering, you may not agree with how we use the proceeds and the proceeds may not be invested
successfully.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">We have not designated any portion of the net proceeds from
this offering to be used for any particular purpose. Accordingly, our management will have broad discretion as to the use of the
net proceeds from any offering by us and could use them for purposes other than those contemplated at the time of this offering.
You will be relying on the judgment of our management with regard to the use of these net proceeds, and you will not have the opportunity,
as part of your investment decision, to assess whether the proceeds are being used appropriately. It is possible that the proceeds
will be invested in a way that does not yield a favorable, or any, return for our company.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><A NAME="b_004"></A><B>USE OF PROCEEDS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">We will retain broad discretion over the use of the net proceeds
from the sale of the securities offered hereby. We currently intend to use the net proceeds from the sale of the securities offered
hereby for working capital and general corporate purposes. We may also use a portion of the net proceeds to invest in or acquire
businesses or technologies that we believe are complementary to our own, although we have no current plans, commitments or agreements
with respect to any acquisitions as of the date of this prospectus supplement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Our management will retain broad discretion over the use
of proceeds, and we may ultimately use the proceeds for different purposes than what we currently intend. Until we use the proceeds
for any purpose, we expect to invest them in short-term investments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>DIVIDEND
POLICY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">We have never declared or paid any cash dividends on our
capital stock, and we do not currently intend to pay any cash dividends on our common stock for the foreseeable future. We expect
to retain future earnings, if any, to fund the development and growth of our business. Any future determination to pay dividends
on our common stock will be at the discretion of our board of directors and will depend upon, among other factors, our results
of operations, financial condition, capital requirements and any contractual restrictions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><A NAME="b_005"></A><B>DILUTION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Our net tangible book value as of March 31, 2020 was approximately
$(2,178,219) or approximately $(0.135) per share of common stock. Net tangible book value represents total tangible assets less
total liabilities. Net tangible book value per share represents net tangible book value divided by the total number of shares of
common stock outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Dilution in net tangible book value per share represents
the difference between the price per share of our common stock issued under securities purchase agreement and the adjusted net
tangible book value per share of our common stock after giving effect to this offering of 1,230,770 shares common stock, our adjusted
net tangible book value per share of our common stock at March 31, 2020 would have been approximately $1,821,781, or $0.105 per
share of common stock. This represents an immediate increase in net tangible book value per share of our common stock of approximately
$0.24 per share to existing stockholders and an immediate dilution of approximately $3.145 per share to purchasers in this offering.
The following table illustrates this per-share dilution:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 12pt Times New Roman, Times, Serif; width: 60%">
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="width: 75%; line-height: 11.75pt"><FONT STYLE="font-size: 10pt">Purchase price per share</FONT></TD>
    <TD STYLE="width: 1%; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="width: 11%; text-align: right; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="width: 1%; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="width: 1%; line-height: 11.75pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="width: 11%; text-align: right; line-height: 11.75pt"><FONT STYLE="font-size: 10pt">3.25</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">Net tangible book value per share as of March 31, 2020</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">(0.135)</FONT></TD>
    <TD STYLE="line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="text-align: right; line-height: 11.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">Increase per share attributable to this new investor</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">0.25</FONT></TD>
    <TD STYLE="line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="text-align: right; line-height: 11.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">&#8203;</FONT></TD>
    <TD STYLE="text-align: right; line-height: 11.75pt"><FONT STYLE="font-size: 10pt">&#8203;</FONT></TD>
    <TD STYLE="text-align: right; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">&#8203;</FONT></TD>
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">&#8203;</FONT></TD>
    <TD STYLE="text-align: right; line-height: 11.75pt"><FONT STYLE="font-size: 10pt">&#8203;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">Proforma net tangible net tangible book value per share as of March&nbsp;31, 2020 after giving effect to this offering</FONT></TD>
    <TD STYLE="line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="text-align: right; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">0.11</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="text-align: right; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="text-align: right; line-height: 11.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">Dilution per share to new investors</FONT></TD>
    <TD STYLE="line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="text-align: right; line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="line-height: 11.75pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 10pt">3.14</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">The foregoing table is based on 16,123,507 shares of common
stock outstanding at July 20, 2020, which excludes, as of that date:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings">&#167;</FONT></TD>
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">278,640 shares issuable upon the exercise of outstanding options with a weighted average exercise price of $6.41;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">21,360 shares reserved for issuance in connection with future awards under our equity compensation plan; and </FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings">&#167;</FONT></TD>
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">1,314,065 shares issuable upon the exercise of outstanding warrants with a weighted average exercise price of $21.62.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B><A NAME="b_006"></A>DESCRIPTION OF CAPITAL STOCK</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>The description below of our capital stock and provisions of
our articles of incorporation and bylaws, as amended, are summaries and are qualified by reference to the articles of incorporation
and bylaws, as amended, and the applicable provisions of Nevada law.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>General</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Our articles of incorporation authorize us to issue up to 20,000,000
shares of common stock, $0.001 par value per share, and 10,000,000 shares of preferred stock, $0.001 par value per share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">As of July 20, 2020, there were 16,123,507 shares of common stock
outstanding and 1,750,000 shares of preferred stock outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Common Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Voting rights</I>.&nbsp;</B>Each holder of our common stock
is entitled to one vote for each share on all matters submitted to a vote of the stockholders, including the election of directors.
Our stockholders do not have cumulative voting rights in the election of directors. As a result, the holders of a majority of the
shares of common stock entitled to vote in any election of directors can elect all of the directors standing for election, if they
should so choose.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Dividends</I>.&nbsp;</B>Subject to preferences that may be
applicable to any then-outstanding preferred stock, holders of common stock are entitled to receive ratably those dividends, if
any, as may be declared from time to time by our Board out of legally available funds. We have never declared or paid any cash
dividends on our common stock. We currently intend to retain future earnings, if any, to finance the expansion of our business.
As a result, we do not anticipate paying any cash dividends in the foreseeable future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Liquidation</I>.&nbsp;</B>In the event of our liquidation,
dissolution or winding up of the Company, holders of common stock are entitled to share ratably in the net assets legally available
for distribution to stockholders after the payment of all of our debts and other liabilities and the satisfaction of any liquidation
preference granted to the holders of any then-outstanding shares of preferred stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Rights and preferences</I>.&nbsp;</B>Holders of common stock
have no preemptive, conversion or subscription rights and there are no redemption or sinking fund provisions applicable to the
common stock. The rights, preferences and privileges of the holders of common stock are subject to, and may be adversely affected
by, the rights of the holders of shares of any series of preferred stock that we may designate in the future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Fully paid and nonassessable</I></B><I>.&nbsp;</I>All of our
outstanding shares of common stock are, and the shares of common stock to be issued in this offering, if any, will be, fully paid
and nonassessable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Preferred Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Under our articles of incorporation, as amended, our Board has the
authority, without further action by the stockholders (unless such stockholder action is required by applicable law or the rules
of any stock exchange or market on which our securities are then traded), to designate and issue up to 10,000,000 shares of preferred
stock in one or more series, to establish from time to time the number of shares to be included in each such series, to fix the
designations, voting powers, preferences and rights of the shares of each wholly unissued series, and any qualifications, limitations
or restrictions thereof, and to increase or decrease the number of shares of any such series, but not below the number of shares
of such series then outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">We will fix the designations, voting powers, preferences and rights
of the preferred stock of each series, as well as the qualifications, limitations or restrictions thereof, in a certificate of
designation relating to that series. We will file as an exhibit to our reports, or will incorporate by reference from reports that
we file with the SEC, the form of any certificate of designation that describes the terms of the series of preferred stock we are
offering before the issuance of that series of preferred stock. This description will include:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
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    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">the title and stated value;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px; line-height: 11.75pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">the number of shares we are offering;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
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    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">the liquidation preference per share;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px; line-height: 11.75pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">the purchase price;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px; line-height: 11.75pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">the dividend rate, period and payment date and method of calculation for dividends;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px; line-height: 11.75pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">whether dividends will be cumulative or non-cumulative and, if cumulative, the date from which dividends will accumulate;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
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    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">the procedures for any auction and remarketing, if any;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px; line-height: 11.75pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">the provisions for a sinking fund, if any;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px; line-height: 11.75pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">the provisions for redemption or repurchase, if applicable, and any restrictions on our ability to exercise those redemption and repurchase rights;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px; line-height: 11.75pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">any listing of the preferred stock on any securities exchange or market;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px; line-height: 11.75pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">whether the preferred stock will be convertible into our common stock, and, if applicable, the conversion price, or how it will be calculated, and the conversion period;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px; line-height: 11.75pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">whether the preferred stock will be exchangeable into debt securities, and, if applicable, the exchange price, or how it will be calculated, and the exchange period;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px; line-height: 11.75pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">voting rights, if any, of the preferred stock;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px; line-height: 11.75pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">preemptive rights, if any;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px; line-height: 11.75pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">restrictions on transfer, sale or other assignment, if any;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px; line-height: 11.75pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">whether interests in the preferred stock will be represented by depositary shares;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px; line-height: 11.75pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">a discussion of any material U.S. federal income tax considerations applicable to the preferred stock;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px; line-height: 11.75pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">the relative ranking and preferences of the preferred stock as to dividend rights and rights if we liquidate, dissolve or wind up our affairs;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px; line-height: 11.75pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">any limitations on the issuance of any class or series of preferred stock ranking senior to or on a parity with the series of preferred stock as to dividend rights and rights if we liquidate, dissolve or wind up our affairs; and</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px; line-height: 11.75pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-size: 10pt">any other specific terms, preferences, rights or limitations of, or restrictions on, the preferred stock.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Nevada law provides that the holders of preferred stock will have
the right to vote separately as a class (or, in some cases, as a series) on an amendment to our articles of incorporation if the
amendment would change the par value or, unless the articles of incorporation provided otherwise, the number of authorized shares
of the class or change the powers, preferences or special rights of the class or series so as to adversely affect the class or
series, as the case may be. This right is in addition to any voting rights that may be provided for in the applicable certificate
of designation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Our Board may authorize the issuance of preferred stock with voting,
exchange or conversion rights that could adversely affect the voting power or other rights of the holders of our common stock.
Preferred stock could be issued quickly with terms designed to delay or prevent a change in control of our company or make removal
of management more difficult. Additionally, the issuance of preferred stock may have the effect of decreasing the market price
of our common stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Series A Preferred Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On April 15, 2015, pursuant to Article IV of our Articles of Incorporation,
the Company&rsquo;s Board of Directors voted to designate a class of preferred stock entitled Series A Preferred Stock, consisting
of up to one million (1,000,000) shares, par value $0.001. Under the Certificate of Designation, holders of Series A Preferred
Stock will be entitled to quarterly dividends on 2% of our earnings before interest, taxes and amortization. The dividends are
payable in cash or common stock. The holders will also have a liquidation preference on the state value of $0.02 per share plus
any accumulated but unpaid dividends. The holders are further entitled to have the Company redeem their Series A Preferred Stock
for three shares of common stock in the event of a change of control and they are entitled to vote together with the holders of
the Company&rsquo;s common stock on all matters submitted to stockholders at a rate of forty-five (45) votes for each share held.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On October 4, 2019, pursuant to Article IV of our Articles of Incorporation,
our Board of Directors voted to increase the number of shares of preferred stock designated as Series A Preferred Stock from one
million (1,000,000) shares to two million (2,000,000) shares, par value $0.001.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Series B Preferred Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On April 16, 2019, pursuant to Article IV of our Articles of Incorporation,
the Company&rsquo;s Board of Directors voted to designate a class of preferred stock entitled Series B Preferred Stock, consisting
of up to one hundred thousand (100,000) shares, par value $0.001. Under the Certificate of Designation, the holders of Series B
Preferred Stock are entitled to the following powers, designations, preferences and relative participating, optional and other
special rights, and the following qualifications, limitations and restrictions, among others as set forth in the Certificate of
Designation:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">The holders of shares of Series B Preferred Stock will have no right to vote on any matters, questions or proceedings of the Company including, without limitation, the election of directors;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Commencing on the date of issuance, the Series B Preferred Stock will accrue cumulative in kind accruals (&ldquo;the Accruals&rdquo;) at the rate of 7.5% per annum;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Upon any liquidation, dissolution or winding up of the Company, the holders of the Series B Preferred Stock will be entitled to be paid out of the assets of the Company available for distribution to its stockholders an amount with respect to each share of Series B Preferred Stock equal to $5,000.00 (the &ldquo;Face Value&rdquo;), plus an amount equal to any accrued but unpaid Accruals thereon (the &ldquo;Liquidation Value&rdquo;);</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">On maturity, the Company may redeem the Series B Preferred Stock by paying the holder the Liquidation Value;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Before maturity, the Company may redeem the Series B Preferred stock on 30 days&rsquo; notice by paying 145% of the outstanding Face Value per share;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">If the Company determines to liquidate, dissolve or wind-up its business and affairs, the Company will, within three trading days of such determination and prior to effectuating any such action, redeem all outstanding shares of Series B Preferred Stock;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">In the event of a conversion of any shares of Series B Preferred Stock, the Company will (a) satisfy the payment of the Conversion Premium, which is defined as the Face Value of the shares converted multiplied by the product of 7.5% and the number of whole years between issuance and maturity, and (b) issue to the holder of the shares of Series B Preferred Stock a number of conversion shares equal to the Face Value divided by the applicable Conversion Price (defined as 90% of the of the 5 lowest individual daily volume weighted average prices of the Common Stock from issuance to conversion less $0.075 per share, but no less than the Floor Price [$1.00 prior to corporate approvals to increase the authorized stock and approve the financing and $0.35 after approvals]) with respect to the number of shares converted;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">if at any time the Company grants, issues or sells any options, convertible securities or rights to purchase stock, warrants, securities or other property pro rata to the record holders of any class of shares of Common Stock (the &ldquo;Purchase Rights&rdquo;), then holder will be entitled to acquire, upon the terms applicable to such Purchase Rights, the aggregate Purchase Rights which holder could have acquired if holder had held the number of shares of Common Stock acquirable upon conversion of Series B Preferred Stock;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-size: 10pt"></FONT><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">At maturity (2 years from issuance), all outstanding shares of Series B Preferred Stock shall automatically convert into common stock at the Conversion Price; and</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font-size: 10pt"></FONT><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">At no time may the holders of Series B Preferred Stock own more than 4.99% of the outstanding common stock in the Company.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On March 10, 2020, the Company terminated the obligation to issue
any Series B Preferred Stock, has issued no Series B Preferred Stock and has filed a withdrawal of the Series B Certificate of
Designation which was filed with the Nevada Secretary of State. No Series B Preferred Stock was ever issued.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Stock Options</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company sponsors a stock-based incentive
compensation plan known as the 2017 Incentive Plan (the &ldquo;Plan&rdquo;), which was established by the Board of Directors of
the Company on June 19, 2017. A total of 300,000 shares were initially reserved for issuance under the 2017 Plan. As of July 20,
2020, there were 21,360 shares available for issuance under the 2017 Plan. See Action 2 for the Plan Amendment to increase the
reserved option pool to 1,500,000 shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The 2017 Plan allows the Company to grant incentive
stock options, non-qualified stock options, stock appreciation right, or restricted stock. The incentive stock options are exercisable
for up to ten years, at an option price per share not less than the fair market value on the date the option is granted. The incentive
stock options are limited to persons who are regular full-time employees of the Company at the date of the grant of the option.
Non-qualified options may be granted to any person, including, but not limited to, employees, independent agents, consultants and
attorneys, who the Company&rsquo;s Board believes have contributed, or will contribute, to the success of the Company. Non-qualified
options may be issued at option prices of less than fair market value on the date of grant and may be exercisable for up to ten
years from date of grant. The option vesting schedule for options granted is determined by the Board of Directors at the time of
the grant. The 2017 Plan provides for accelerated vesting of unvested options if there is a change in control, as defined in the
2017 Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of July 20, 2020, there are options exercisable
to purchase 216,717 shares of common stock in the Company and 61,923 unvested options outstanding that cannot be exercised until
vesting conditions are met. As July 10, 2020, the outstanding options have a weighted average remaining term of 2.59 years and
an intrinsic value of $0.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>Warrants</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">As of July 20,
2020,&nbsp;<FONT STYLE="letter-spacing: -0.1pt">there are warrants exercisable to purchase 1,286,922 shares of common stock in
the Company and 27,143</FONT></FONT><FONT STYLE="font-size: 8pt; letter-spacing: -0.1pt">&nbsp;</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.1pt">unvested
warrants outstanding that cannot be exercised until vesting conditions are met. 996,198</FONT><FONT STYLE="font-size: 8pt; letter-spacing: -0.1pt">&nbsp;</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.1pt">of
the warrants require a cash investment to exercise as follows, 5,000 required a cash investment of $8.00 per share, 449,865 require
a cash investment of $15.00 per share, 125,000 require a cash investment of $20.00 per share, 103,000 require a cash investment
of $25.00 per share, 200,000 require an investment of $35.00 per share, 10,000 require an investment of $40.00 per share, 60,000
require an investment of $50.00 per share, 38,333 require a cash investment of $75.00 per share and 5,000 require a cash investment
of $100.00 per share. 317,865 of the outstanding warrants contain provisions allowing a cashless exercise at their respective exercise
prices.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Registration Rights</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On December 28, 2018 and April 17, 2019, the Company agreed with
the Investor that it will keep a registration available to cover the resale of the Warrant Shares issued in each of the financings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Listing</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Company&rsquo;s Common Stock is listed on the Nasdaq Capital
Market.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Anti-Takeover Laws</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Nevada Revised Statutes sections 78.378 to 78.379 provide state
regulation over the acquisition of a controlling interest in certain Nevada corporations unless the articles of incorporation or
bylaws of the corporation provide that the provisions of these sections do not apply. Our articles of incorporation and bylaws
do not state that these provisions do not apply. The statute creates a number of restrictions on the ability of a person or entity
to acquire control of a Nevada company by setting down certain rules of conduct and voting restrictions in any acquisition attempt,
among other things. The statute is limited to corporations that are organized in the state of Nevada and that have 200 or more
stockholders, at least 100 of whom are stockholders of record and residents of the State of Nevada; and does business in the State
of Nevada directly or through an affiliated corporation. Because of these conditions, the statute currently does not apply to our
company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>Transfer Agent and Registrar</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">The transfer agent and registrar for our common stock is
Action Stock Transfer. Its address is 2469 E. Fort Union Blvd, Suite 214 Salt Lake City, UT 84121.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: center"><A NAME="b_007"></A><B>LEGAL MATTERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">The validity of the issuance of shares of common stock offered
hereby has been passed upon for us by Procopio, Cory, Hargreaves &amp; Savitch LLP, San Diego, California.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B><A NAME="b_008"></A>EXPERTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">The consolidated financial statements of CleanSpark,&nbsp;Inc.
for the fiscal years ended September 30, 2019 and 2018 incorporated by reference herein have been audited by MaloneBailey, LLP,
independent registered public accounting firm, as set forth in their report, incorporated by reference herein, and are incorporated
by reference in reliance upon that report given on the authority of MaloneBailey, LLP as experts in accounting and auditing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><A NAME="b_009"></A><B>WHERE YOU CAN FIND MORE INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">We file annual, quarterly and special reports, proxy statements
and other information with the SEC. You may read and copy any reports, statements or other information that we file at the SEC's
public reference room at 100&nbsp;F Street, N.E., Washington, District of Columbia 20549. Please call the SEC at 1-800-SEC-0330
for more information on the public reference room. Our SEC filings are also available to the public from commercial retrieval services
and at the website maintained by the SEC at&nbsp;<I>www.sec.gov</I>. The reports and other information filed by us with the SEC
are also available at our website. The address of the Company's website is&nbsp;<I>www.cleanspark.com</I>. Information contained
on our website or that can be accessed through our website is not incorporated by reference into this prospectus supplement or
the accompanying prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><A NAME="b_010"></A><B>INFORMATION INCORPORATED BY REFERENCE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">T<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">he
SEC allows us to incorporate information into this prospectus supplement &quot;by reference,&quot; which means that we can disclose
important information to you by referring you to another document that we file separately with the SEC. The information incorporated
by reference is deemed to be part of this prospectus supplement, except for any information superseded by information contained
directly in this prospectus supplement. These documents contain important information about the Company and its financial condition,
business and results.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
are incorporating by reference the Company's filings listed below and any additional documents that we may file with the SEC pursuant
to Section&nbsp;13(a), 13(c), 14 or 15(d) of the Exchange Act on or after the date we file this prospectus supplement and prior
to the termination of the offering, except we are not incorporating by reference any information furnished (but not filed) pursuant
to Items 2.02 or 7.01 of Form 8-K and corresponding information furnished under Item&nbsp;9.01 as an exhibit thereto:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 24px; line-height: 11.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD>
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our Annual Report
    on Form 10-K for the fiscal year ended September 30, 2019, and filed with the SEC on December 16, 2019;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 24px; line-height: 11.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD>
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our Quarterly Reports
    on Form 10-Q for the quarters ended December 31, 2019 and March 31, 2020, and filed with the SEC on February 10, 2020 and
    May 11, 2020, respectively;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 24px; line-height: 11.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD>
    <TD STYLE="line-height: 11.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our Current Reports
    on Form 8-K filed with the SEC on January 29, 2020, February 6, 2020, March 6, 2020 (amendment), March 10, 2020, March 16,
    2020, April 9, 2020, May 6, 202, May 20, 2020 and July 21, 2020; and</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 24px; line-height: 11.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">&bull;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the description of our common stock contained
    in our registration statement on Form 8-A&nbsp;filed with the SEC on January 22, 2020 under Section&nbsp;12 of the Exchange
    Act, including any amendment or report filed for the purpose of updating such description. &nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
will provide, without charge, to each person to whom a copy of this prospectus supplement has been delivered, including any beneficial
owner, a copy of any and all of the documents referred to herein that are summarized in this prospectus supplement, if such person
makes a written or oral request directed to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">CleanSpark,&nbsp;Inc.<BR>
1185 SOUTH 1800 WEST, SUITE 3</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">WOODS CROSS UT 84087</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(702) 941-8047<BR>
Attn: Corporate Secretary</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in"></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; color: red"></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="a_001"></A>ABOUT THIS PROSPECTUS</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">This prospectus is a part of a registration statement on
Form S-3 that we filed with the Securities and Exchange Commission, or SEC, utilizing a &ldquo;shelf&rdquo; registration process.
Under this shelf registration process, we may sell any combination of the securities described in this prospectus in one or more
offerings up to a total aggregate offering price of $50 million. This prospectus provides you with a general description of the
securities we may offer.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Each time we sell securities under this prospectus, we will
provide a prospectus supplement that will contain specific information about the terms of that offering. We may also authorize
one or more free writing prospectuses to be provided to you that may contain material information relating to these offerings.
The prospectus supplement and any related free writing prospectus that we may authorize to be provided to you may also add, update
or change information contained in this prospectus or in any documents that we have incorporated by reference into this prospectus.
You should read this prospectus, any applicable prospectus supplement and any related free writing prospectus, together with the
information incorporated herein by reference as described under the heading &ldquo;Incorporation of Certain Information By Reference,&rdquo;
before investing in any of the securities offered.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>THIS PROSPECTUS MAY NOT BE USED TO CONSUMMATE A SALE OF
SECURITIES UNLESS IT IS ACCOMPANIED BY A PROSPECTUS SUPPLEMENT.</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Neither we, nor any agent, underwriter or dealer has authorized
any person to give any information or to make any representation other than those contained or incorporated by reference in this
prospectus, any applicable prospectus supplement or any related free writing prospectus prepared by or on behalf of us or to which
we have referred you. This prospectus, any applicable supplement to this prospectus or any related free writing prospectus do not
constitute an offer to sell or the solicitation of an offer to buy any securities other than the registered securities to which
they relate, nor does this prospectus, any applicable supplement to this prospectus or any related free writing prospectus constitute
an offer to sell or the solicitation of an offer to buy securities in any jurisdiction to any person to whom it is unlawful to
make such offer or solicitation in such jurisdiction.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">You should not assume that the information contained in this
prospectus, any applicable prospectus supplement or any related free writing prospectus is accurate on any date subsequent to the
date set forth on the front of the document or that any information we have incorporated by reference is correct on any date subsequent
to the date of the document incorporated by reference, even though this prospectus, any applicable prospectus supplement or any
related free writing prospectus is delivered, or securities are sold, on a later date.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">This prospectus contains summaries of certain provisions
contained in some of the documents described herein, but reference is made to the actual documents for complete information. All
of the summaries are qualified in their entirety by the actual documents. Copies of some of the documents referred to herein have
been filed, will be filed or will be incorporated by reference as exhibits to the registration statement of which this prospectus
is a part, and you may obtain copies of those documents as described below under the heading &ldquo;Where You Can Find More Information.&rdquo;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_002"></A><B>SUMMARY</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">This summary highlights selected information from this prospectus
and does not contain all of the information that you need to consider in making your investment decision. You should carefully
read the entire prospectus, the applicable prospectus supplement and any related free writing prospectus, including the risks of
investing in our securities discussed under the heading &ldquo;Risk Factors&rdquo; contained in the applicable prospectus supplement
and any related free writing prospectus, and under similar headings in the other documents that are incorporated by reference into
this prospectus. You should also carefully read the information incorporated by reference into this prospectus, including our financial
statements, and the exhibits to the registration statement of which this prospectus is a part.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Unless the context indicates otherwise, as used in this prospectus,
the terms &ldquo;CleanSpark,&rdquo; &ldquo;the Company,&rdquo; &ldquo;we,&rdquo; &ldquo;us&rdquo; and &ldquo;our&rdquo; refer to
CleanSpark, Inc., a Nevada corporation, and, where appropriate, our consolidated subsidiaries.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Company Overview</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We are in the business of providing advanced energy software
and control technology that enables a plug-and-play enterprise solution to modern energy challenges. Our services consist of intelligent
energy monitoring and controls, microgrid design and engineering, microgrid consulting services, and turn-key microgrid implementation
services. Our software allows energy users to obtain resiliency and economic optimization. Our software is uniquely capable of
enabling a microgrid to be scaled to the user's specific needs and can be widely implemented across commercial, industrial, military
and municipal deployment.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Integral to our business is our mPulse and mVSO software
platforms (the &ldquo;Platforms&rdquo;). When the Platforms are implemented on a customer&rsquo;s power system they are able to
control the distributed energy resources on site to provide secure, sustainable energy often at significant cost savings for our
energy customers. The Platforms allows customers to efficiently manage renewable energy generation, other distributed energy generation
technologies including energy generation assets, energy storage assets, and energy consumption assets. By having autonomous control
over the distributed facets of energy usage and energy storage, customers are able to reduce their dependency on utilities, thereby
keeping energy costs relatively constant over time. The overall aim is to transform energy consumers into energy producers by supplying
power that anticipates their routine instead of interrupting it.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We also own patented gasification technologies. Our technology
converts any organic material into SynGas. SynGas can be used as clean, renewable, environmentally friendly, warming fuel for power
plants, motor vehicles, and as feedstock for the generation of DME (Di-Methyl Ether).</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">As previously disclosed, we plan to continue our focus on
the CleanSpark side of the business in 2018, as opposed to expending significant efforts on the Gasifier side of the business.
We plan to continue our efforts to better our technology, service existing customers and market our System to prospective clients.
We feel that this focus would provide the best opportunity for our shareholders.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Corporate Information</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">CleanSpark, Inc. (&ldquo;we&rdquo;, &ldquo;our&rdquo;, the
&quot;Company&quot;) was incorporated in the state of Nevada on October 15, 1987 as SmartData Corporation. SmartData conducted
a 504-public offering in the State of Nevada in December 1987 and began trading publicly in January 1988. Due to a series of unfortunate
events, including the untimely death of the founding CEO, SmartData discontinued active business operations in 1992.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">On March 25, 2014, the Company entered into an Asset and
Intellectual Property Purchase Agreement pursuant to which the Company acquired: (i) all Intellectual Property rights, title and
interest in Patent # 8,105,401 'Parallel Path, Downdraft Gasifier Apparatus and Method' and Patent # 8,518,133 'Parallel Path,
Downdraft Gasifier Apparatus and Method' and (ii) all of the Property rights, title and interest in a 32 inch Downdraft Gasifier
(&quot;Gasifier&rdquo;) and (iii) assumed $156,900 in liabilities.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">In December 2014, the Company changed its name to Stratean
Inc. through a short-form merger in order to better reflect the new business plan.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">On July 1, 2016, the Company entered into an Asset Purchase
Agreement, as amended (the &ldquo;Purchase Agreement&rdquo;), with CleanSpark Holdings LLC, CleanSpark LLC, CleanSpark Technologies
LLC and Specialized Energy Solutions, Inc. (together, the &ldquo;Seller&rdquo;). Pursuant to the Purchase Agreement, the Company
acquired CleanSpark, LLC and all the assets related to Seller and its line of business and assumed $200,000 in liabilities.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">In October 2016, the Company changed its name to CleanSpark,
Inc. through a short-form merger in order to better reflect the brand identity.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We maintain our principal executive offices at 70 North Main
Street, Suite 105, Bountiful, Utah 84010.&nbsp; Our telephone number is (801) 244-4405.&nbsp; Our website is&nbsp;www.cleanspark.com.&nbsp;&nbsp;Information
contained on our website is not incorporated by reference into this prospectus, and such information should not be considered to
be part of this prospectus.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We are an &ldquo;emerging growth company,&rdquo; as defined
in the Jumpstart Our Business Startups Act of 2012. As an emerging growth company we are eligible for exemptions from various reporting
requirements applicable to other public companies that are not emerging growth companies, including not being required to comply
with the auditor attestation requirements of Section&nbsp;404 of the Sarbanes-Oxley Act of 2002 and reduced disclosure obligations
regarding executive compensation. We will remain an emerging growth company until the earlier of (1)&nbsp;the last day of the fiscal
year (a)&nbsp;following the fifth anniversary of the closing of our initial public offering in February 2014, (b)&nbsp;in which
we have total annual gross revenue of at least $1.0 billion or (c)&nbsp;in which we are deemed to be a large accelerated filer,
which means the market value of our common stock that is held by non-affiliates exceeds $700&nbsp;million as of the prior June&nbsp;30th,
and (2)&nbsp;the date on which we have issued more than $1.0 billion in non-convertible debt during the prior three-year period.
We refer to the Jumpstart Our Business Startups Act of 2012 herein as the &ldquo;JOBS Act,&rdquo; and references herein to &ldquo;emerging
growth company&rdquo; shall have the meaning associated with it in the JOBS Act.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>The Securities We May Offer</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We may offer shares of our common stock and preferred stock,
various series of debt securities and warrants to purchase any of such securities, up to a total aggregate offering price of $50,000,000
from time to time in one or more offerings under this prospectus, together with any applicable prospectus supplement and any related
free writing prospectus, at prices and on terms to be determined by market conditions at the time of the relevant offering. This
prospectus provides you with a general description of the securities we may offer.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Each time we offer a type or series of securities under this
prospectus, we will provide a prospectus supplement that will describe the specific amounts, prices and other important terms of
the securities, including, to the extent applicable:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">designation or classification;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">aggregate principal amount or aggregate offering
price;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">maturity, if applicable;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">original issue discount, if any;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">rates and times of payment of interest or dividends,
if any;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">redemption, conversion, exchange or sinking fund
terms, if any;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">conversion or exchange prices or rates, if any, and,
if applicable, any provisions for changes to or adjustments in the conversion or exchange prices or rates and in the securities
or other property receivable upon conversion or exchange;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">ranking, if applicable;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">restrictive covenants, if any;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">voting or other rights, if any; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">important United States federal income tax considerations.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The prospectus supplement and any related free writing prospectus
that we may authorize to be provided to you may also add, update or change information contained in this prospectus or in documents
we have incorporated by reference. However, no prospectus supplement or free writing prospectus will offer a security that is not
registered and described in this prospectus at the time of the effectiveness
of the registration statement of which this prospectus is a part.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>This prospectus may not be used to consummate a sale of
securities unless it is accompanied by a prospectus supplement.</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We may sell the securities directly to investors or through
underwriters, dealers or agents. We, and our underwriters or agents, reserve the right to accept or reject all or part of any proposed
purchase of securities. If we do offer securities through underwriters or agents, we will include in the applicable prospectus
supplement:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the names of those underwriters or agents;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">applicable fees, discounts and commissions to be
paid to them;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">details regarding option to purchase additional securities,
if any; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the estimated net proceeds to us.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Common stock</B>. We may issue shares of our common stock
from time to time. The holders of our common stock are entitled to one vote for each share held of record on all matters submitted
to a vote of stockholders. Subject to preferences that may be applicable to any outstanding shares of preferred stock, the holders
of common stock are entitled to receive ratably such dividends as may be declared by our board of directors out of legally available
funds. Upon our liquidation, dissolution or winding up, holders of our common stock are entitled to share ratably in all assets
legally available for distribution to stockholders remaining after payment of liabilities and the liquidation preferences of any
outstanding shares of preferred stock. Holders of common stock have no preemptive rights and no right to convert their common stock
into any other securities. There are no redemption or sinking fund provisions applicable to our common stock. When we issue shares
of common stock under this prospectus, the shares will be fully paid and non-assessable. The rights, preferences and privileges
of the holders of common stock are subject to, and may be adversely affected by, the rights of the holders of shares of any series
of preferred stock which we may designate in the future. In this prospectus, we have summarized certain general features of our
common stock under &ldquo;Description of Capital Stock-Common Stock.&rdquo; We urge you, however, to read the applicable prospectus
supplement (and any related free writing prospectus that we may authorize to be provided to you) related to any common stock being
offered.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Preferred stock</B>. We may issue shares of our preferred
stock from time to time, in one or more series. Under our articles of incorporation, our board of directors has the authority,
without further action by the stockholders (unless such stockholder action is required by applicable law or the rules of any stock
exchange or market on which our securities are then traded), to designate and issue up to 10,000,000 shares of preferred stock
in one or more series and to fix the privileges, preferences and rights of each series of preferred stock, any or all of which
may be greater than the rights of the common stock. We are not offering previously designated series of preferred stock, if any,
under this prospectus. If we sell any new series of preferred stock under this prospectus and any applicable prospectus supplement,
our board of directors will determine the designations, voting powers, preferences and rights of the preferred stock being offered,
as well as the qualifications, limitations or restrictions thereof, including dividend rights, conversion rights, preemptive rights,
terms of redemption or repurchase, liquidation preferences, sinking fund terms and the number of shares constituting any series
or the designation of any series. Convertible preferred stock may be convertible into our common stock or exchangeable for our
other securities. Conversion may be mandatory or at the holder&rsquo;s option and would be at prescribed conversion rates. We will
file as an exhibit to the registration statement of which this prospectus is a part, or will incorporate by reference from reports
that we file with the SEC, the form of the certificate of designation that describes the terms of the series of preferred stock
that we are offering before the issuance of the related series of preferred stock. In this prospectus, we have summarized certain
general features of the preferred stock under &ldquo;Description of Capital Stock-Preferred Stock.&rdquo; We urge you, however,
to read the applicable prospectus supplement (and any related free writing prospectus that we may authorize to be provided to you)
related to the series of preferred stock being offered, as well as the complete certificate of designation that contains the terms
of the applicable series of preferred stock.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Debt securities</B>. We may issue debt securities
from time to time, in one or more series, as either senior or subordinated debt or as senior or subordinated convertible
debt. The senior debt securities will rank equally with any other unsecured and unsubordinated debt. The subordinated debt
securities will be subordinate and junior in right of payment, to the extent and in the manner described in the instrument
governing the debt, to all of our senior indebtedness. Convertible debt securities will be convertible
into our common stock or preferred stock. Conversion may be mandatory or at the holder&rsquo;s option and would be at prescribed
conversion rates.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The debt securities will be issued under one or more documents
called indentures, which are contracts between us and a national banking association or other eligible party, as trustee. In this
prospectus, we have summarized certain general features of the debt securities. We urge you, however, to read the applicable prospectus
supplement (and any free writing prospectus that we may authorize to be provided to you) related to the series of debt securities
being offered, as well as the complete indentures that contain the terms of the debt securities. A form of indenture has been filed
as an exhibit to the registration statement of which this prospectus is a part, and supplemental indentures and forms of debt securities
containing the terms of the debt securities being offered will be filed as exhibits to the registration statement of which this
prospectus is a part or will be incorporated by reference from reports that we file with the SEC.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Warrants.</B> We may issue warrants for the purchase of
common stock, preferred stock and/or debt securities in one or more series. We may issue warrants independently or together with
common stock, preferred stock and/or debt securities, and the warrants may be attached to or separate from these securities. In
this prospectus, we have summarized certain general features of the warrants. We urge you, however, to read the applicable prospectus
supplement (and any free writing prospectus that we may authorize to be provided to you) related to the particular series of warrants
being offered, as well as the complete warrant agreements and warrant certificates that contain the terms of the warrants. Forms
of the warrant agreements and forms of warrant certificates containing the terms of the warrants being offered have been filed
as exhibits to the registration statement of which this prospectus is a part, and supplemental warrant agreements and forms of
warrant certificates will be filed as exhibits to the registration statement of which this prospectus is a part or will be incorporated
by reference from reports that we file with the SEC.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We will evidence each series of warrants by warrant certificates
that we will issue. Warrants may be issued under an applicable warrant agreement that we enter into with a warrant agent. We will
indicate the name and address of the warrant agent, if applicable, in the prospectus supplement relating to the particular series
of warrants being offered.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_003"></A><B>RISK FACTORS</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Investing in our securities involves a high degree of risk.
You should carefully review the risks and uncertainties described under the heading &ldquo;Risk Factors&rdquo; contained in any
applicable prospectus supplement and any related free writing prospectus, and under similar headings in our Annual Report on Form
10-K for the year ended September 30, 2017, as updated by our annual, quarterly and other reports and documents that are incorporated
by reference into this prospectus, before deciding whether to purchase any of the securities being registered pursuant to the registration
statement of which this prospectus is a part. Each of the risk factors could adversely affect our business, operating results and
financial condition, as well as adversely affect the value of an investment in our securities, and the occurrence of any of these
risks might cause you to lose all or part of your investment. Additional risks not presently known to us or that we currently believe
are immaterial may also significantly impair our business operations. Please also read carefully the section below titled &ldquo;Special
Note Regarding Forward-Looking Statements.&rdquo;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="a_004"></A>SPECIAL NOTE REGARDING FORWARD-LOOKING
STATEMENTS</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">This prospectus, each prospectus supplement and the information
incorporated by reference in this prospectus and each prospectus supplement contain forward-looking statements within the meaning
of Section&nbsp;27A of the Securities Act of 1933, as amended, which we refer to as the Securities Act, and Section&nbsp;21E of
the Exchange Act of 1934, as amended, which we refer to as the Exchange Act, that involve a number of risks and uncertainties.
Although our forward-looking statements reflect the good faith judgment of our management, these statements can only be based on
facts and factors currently known by us. Consequently, these forward-looking statements are inherently subject to risks and uncertainties,
and actual results and outcomes may differ materially from results and outcomes discussed in the forward-looking statements.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"></P>


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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Forward-looking statements can be identified by the use of
forward-looking words such as &ldquo;believes,&rdquo; &ldquo;expects,&rdquo; &ldquo;hopes,&rdquo; &ldquo;may,&rdquo; &ldquo;will,&rdquo;
&ldquo;plan,&rdquo; &ldquo;intends,&rdquo; &ldquo;estimates,&rdquo; &ldquo;could,&rdquo; &ldquo;should,&rdquo; &ldquo;would,&rdquo;
&ldquo;continue,&rdquo; &ldquo;seeks,&rdquo; &ldquo;pro forma,&rdquo; or &ldquo;anticipates,&rdquo; or other similar
words (including their use in the negative), or by discussions of future matters. These statements include but are not limited
to statements under the captions &ldquo;Business,&rdquo; &ldquo;Risk Factors&rdquo; and &ldquo;Management&rsquo;s Discussion and
Analysis of Financial Condition and Results of Operations&rdquo; and in other sections included in any applicable prospectus supplement
or incorporated by reference from our Annual Report on Form&nbsp;10-K and Quarterly Reports on Form&nbsp;10-Q, as applicable, as
well as our other filings with the SEC. You should be aware that the occurrence of any of the events discussed under the heading
&ldquo;Risk Factors&rdquo; in any applicable prospectus supplement and any documents incorporated by reference herein or therein
could substantially harm our business, operating results and financial condition and that if any of these events occurs, it could
adversely affect the value of an investment in our securities.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The cautionary statements made in this prospectus are intended
to be applicable to all related forward-looking statements wherever they may appear in this prospectus or in any prospectus supplement
or any documents incorporated by reference herein or therein. We urge you not to place undue reliance on these forward-looking
statements, which speak only as of the date they are made. Except as required by law, we assume no obligation to update our forward-looking
statements, even if new information becomes available in the future.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="a_005"></A>USE OF PROCEEDS</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We will retain broad discretion over the use of the net
proceeds from the sale of the securities offered hereby. Except as described in any prospectus supplement or any related free
writing prospectus that we may authorize to be provided to you, we currently intend to use the net proceeds from the sale of the
securities offered hereby for general corporate purposes, which may include capital expenditures, working capital and general
and administrative expenses. We may also use a portion of the net proceeds to acquire or invest in businesses that are complementary
to our own, although we have no current plans, commitments or agreements with respect to any outlay of cash for acquisitions as
of the date of this prospectus. We do have an asset purchase agreement signed with Pioneer Custom Electric Products Corp., a Delaware
corporation, but we do not expect any proceeds to be used in connection with that transaction. &nbsp;We will set forth in the
applicable prospectus supplement or free writing prospectus our intended use for the net proceeds received from the sale of any
securities sold pursuant to the prospectus supplement or free writing prospectus. Pending these uses, we intend to invest the
net proceeds in short-term obligations of the U.S. government and its agencies.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_006"></A><B>DESCRIPTION OF CAPITAL STOCK</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The description below of our capital stock and provisions
of our amended and restated certificate of incorporation and amended and restated bylaws are summaries and are qualified by reference
to the amended and restated certificate of incorporation, the amended and restated bylaws, and the applicable provisions of Delaware
law.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>General</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Our articles of incorporation authorizes us to issue up to
100,000,000 shares of common stock, $0.001 par value per share, and 10,000,000 shares of preferred stock, $0.001 par value per
share.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">As of November 13, 2018, there were 36,537,947 shares
of common stock outstanding, and 1,000,000 shares of preferred stock outstanding.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Common Stock</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Voting rights. </B>Each holder of our common stock is
entitled to one vote for each share on all matters submitted to a vote of the stockholders, including the election of directors.
Our stockholders do not have cumulative voting rights in the election of directors. As a result, the holders of a majority of the
shares of common stock entitled to vote in any election of directors can elect all of the directors standing for election, if they
should so choose.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Dividends. </B>Subject to preferences that may be applicable
to any then-outstanding preferred stock, holders of common stock are entitled to receive ratably those dividends, if any, as may
be declared from time to time by our board of directors out of legally available funds. We have never declared or paid any cash
dividends on our common stock. We currently intend to retain future earnings, if any, to finance the expansion of our business.
As a result, we do not anticipate paying any cash dividends in the foreseeable future.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Liquidation. </B>In the event of our liquidation, dissolution
or winding up of the Company, holders of common stock are entitled to share ratably in the net assets legally available for distribution
to stockholders after the payment of all of our debts and other liabilities and the satisfaction of any liquidation preference
granted to the holders of any then-outstanding shares of preferred stock.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Rights and preferences. </B>Holders of common stock have
no preemptive, conversion or subscription rights and there are no redemption or sinking fund provisions applicable to the common
stock. The rights, preferences and privileges of the holders of common stock are subject to, and may be adversely affected by,
the rights of the holders of shares of any series of preferred stock that we may designate in the future.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>Fully paid and nonassessable</B><I>.</I></FONT><I><FONT STYLE="font-size: 12pt">&nbsp;</FONT></I><FONT STYLE="font-size: 10pt">All
of our outstanding shares of common stock are, and the shares of common stock to be issued in this offering, if any, will be, fully
paid and nonassessable.</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Preferred Stock</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Under our amended and restated certificate of incorporation,
our board of directors has the authority, without further action by the stockholders (unless such stockholder action is required
by applicable law or the rules of any stock exchange or market on which our securities are then traded), to designate and issue
up to 10,000,000 shares of preferred stock in one or more series, to establish from time to time the number of shares to be included
in each such series, to fix the designations, voting powers, preferences and rights of the shares of each wholly unissued series,
and any qualifications, limitations or restrictions thereof, and to increase or decrease the number of shares of any such series,
but not below the number of shares of such series then outstanding.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We will fix the designations, voting powers, preferences
and rights of the preferred stock of each series, as well as the qualifications, limitations or restrictions thereof, in a certificate
of designation relating to that series. We will file as an exhibit to the registration statement of which this prospectus is a
part, or will incorporate by reference from reports that we file with the SEC, the form of any certificate of designation that
describes the terms of the series of preferred stock we are offering before the issuance of that series of preferred stock. This
description will include:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the title and stated value;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the number of shares we are offering;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the liquidation preference per share;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the purchase price;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the dividend rate, period and payment date and method
of calculation for dividends;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">whether dividends will be cumulative or non-cumulative
and, if cumulative, the date from which dividends will accumulate;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the procedures for any auction and remarketing, if
any;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the provisions for a sinking fund, if any;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the provisions for redemption or repurchase, if applicable,
and any restrictions on our ability to exercise those redemption and repurchase rights;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">any listing of the preferred stock on any securities
exchange or market;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">whether the preferred stock will be convertible into
our common stock, and, if applicable, the conversion price, or how it will be calculated, and the conversion period;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">whether the preferred stock will be exchangeable
into debt securities, and, if applicable, the exchange price, or how it will be calculated, and the exchange period;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">voting rights, if any, of the preferred stock;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">preemptive rights, if any;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">restrictions on transfer, sale or other assignment,
if any;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">whether interests in the preferred stock will be
represented by depositary shares;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">a discussion of any material U.S. federal income
tax considerations applicable to the preferred stock;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the relative ranking and preferences of the preferred
stock as to dividend rights and rights if we liquidate, dissolve or wind up our affairs;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">any limitations on the issuance of any class or series
of preferred stock ranking senior to or on a parity with the series of preferred stock as to dividend rights and rights if we liquidate,
dissolve or wind up our affairs; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">any other specific terms, preferences, rights or
limitations of, or restrictions on, the preferred stock.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>


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<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Delaware law provides that the holders of preferred stock
will have the right to vote separately as a class (or, in some cases, as a series) on an amendment to our certificate of incorporation
if the amendment would change the par value or, unless the certificate of incorporation provided otherwise, the number of authorized
shares of the class or change the powers, preferences or special rights of the class or series so as to adversely affect the class
or series, as the case may be. This right is in addition to any voting rights that may be provided for in the applicable certificate
of designation.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Our board of directors may authorize the issuance of preferred
stock with voting, exchange or conversion rights that could adversely affect the voting power or other rights of the holders of
our common stock. Preferred stock could be issued quickly with terms designed to delay or prevent a change in control of our company
or make removal of management more difficult. Additionally, the issuance of preferred stock may have the effect of decreasing the
market price of our common stock.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Series A Preferred Stock</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">On April 15, 2015, pursuant to Article IV of our Articles
of Incorporation, the Company&rsquo;s Board of Directors voted to designate a class of preferred stock entitled Series A Preferred
Stock, consisting of up to one million (1,000,000) shares, par value $0.001. Under the Certificate of Designation, holders of Series
A Preferred Stock will be entitled to quarterly dividends on 2% of our earnings before interest, taxes and amortization. The dividends
are payable in cash or common stock. The holders will also have a liquidation preference on the state value of $0.02 per share
plus any accumulated but unpaid dividends. The holders are further entitled to have the Company redeem their Series A Preferred
Stock for three shares of common stock in the event of a change of control and they are entitled to vote together with the holders
of the Company&rsquo;s common stock on all matters submitted to shareholders at a rate of forty-five (45) votes for each share
held.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Stock Options</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company sponsors a stock-based incentive
compensation plan known as the 2017 Incentive Plan (the &ldquo;Plan&rdquo;), which was established by the Board of Directors of
the Company on June 19, 2017. A total of 3,000,000 shares were initially reserved for issuance under the Plan.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The following is a summary of stock
option activity during the nine months ended June 30, 2018 and year ended September 30, 2017.&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse; width: 60%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Number of Shares</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Weighted Average Exercise Price</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: justify">Balance, September 30, 2016</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 69%; text-align: justify">Options granted and assumed</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 2%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right">6,902</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 2%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right">3.45</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Options expired</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Options canceled</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt">Options exercised</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt">Balance, September 30, 2017</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">6,902</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">3.45</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Options granted and assumed</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">290,435</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1.01</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Options expired</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Options canceled</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt">Options exercised</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 2.5pt">Balance, June 30, 2018</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">297,337</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">1.06</TD></TR>
</TABLE>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">As of June 30, 2018, there are options
exercisable to purchase 124,049 shares of common stock in the Company. As of June 30, 2018, the outstanding options have an intrinsic
value of $533,313. As of June 30, 2018, the weighted average remaining term of the outstanding options was 1.83 years.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">During the nine months ended June 30,
2018, the Company issued 40,435 options to purchase shares of the common stock to employees, the shares were granted at quoted
market prices ranging from $1.57 to $3.45. The shares were valued at issuance using the Black Scholes model and stock compensation
expense of $75,001 was recorded as a result of the issuances.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 10, 2018 the Company issued
a total of 250,000 options to four consultants for advisory services. The Options vest evenly 12 months from issuance. The options
expire 24 months after issuance and require a cash investment to exercise. The options were valued at issuance using the Black
Scholes model at $342,500, as of June 30, 2018 of which $105,096 has vested and been expensed as stock compensation.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 2pt 0 0; text-align: justify">The Black-Scholes model utilized
the following inputs to value the options during the nine months ended June 30, 2018:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 2pt 0 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 70%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1.5pt solid; text-align: justify; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Fair value assumptions &ndash; Options:</B></FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>June 30, 2018</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Risk free interest rate</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD>
    <TD STYLE="text-align: right; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1.46-2.61%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Expected term (years)</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD>
    <TD STYLE="text-align: right; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2-3</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Expected volatility</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD>
    <TD STYLE="text-align: right; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">120%-182%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Expected dividends</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD>
    <TD STYLE="text-align: right; line-height: 107%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">0%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 2pt 0 4.5pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: justify">The Plan allows the Company
to grant incentive stock options, non-qualified stock options, stock appreciation right, or restricted stock. The incentive stock
options are exercisable for up to ten years, at an option price per share not less than the fair market value on the date the option
is granted. The incentive stock options are limited to persons who are regular full-time employees of the Company at the date of
the grant of the option. Non-qualified options may be granted to any person, including, but not limited to, employees, independent
agents, consultants and attorneys, who the Company&rsquo;s Board believes have contributed, or will contribute, to the success
of the Company. Non-qualified options may be issued at option prices of less than fair market value on the date of grant and may
be exercisable for up to ten years from date of grant. The option vesting schedule for options granted is determined by the Board
of Directors at the time of the grant. The Plan provides for accelerated vesting of unvested options if there is a change in control,
as defined in the Plan.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: justify"><B>Warrants</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">The following is a summary of stock
warrant activity during the nine months ended June 30, 2018 and year ended September 30, 2017.&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse; width: 60%">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Number of Shares</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Weighted Average Exercise Price</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 69%; text-align: justify; padding-bottom: 1pt">Balance, September 30, 2016</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; width: 12%; font: 10pt Times New Roman, Times, Serif; text-align: right">13,112,100</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; width: 12%; font: 10pt Times New Roman, Times, Serif; text-align: right">0.59</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Warrants granted and assumed</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Warrants expired</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Warrants canceled</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt">Warrants exercised</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(4,500,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">0.083</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt">Balance, September 30, 2017</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">8,612,100</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">0.85</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Warrants granted and assumed</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">216,600</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">0.80</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Warrants expired</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify">Warrants canceled</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">&mdash;&nbsp;&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 1pt">Warrants exercised</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(684,401</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">0.29</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-bottom: 2.5pt">Balance, June 30, 2018</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">8,144,299</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">0.90</TD></TR>
</TABLE>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">As of June 30, 2018, there are warrants
exercisable to purchase 8,144,299 shares of common stock in the Company. 4,500,000 of the outstanding warrants require a cash investment
of $1.50 per share to exercise and 3,644,299 of the outstanding warrants contain a provision allowing a cashless exercise. As of
June 30, 2018, the outstanding warrants have an intrinsic value of $10,998,676. As of June 30, 2018, the weighted average remaining
term of the outstanding warrants was 4.53 years.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 13, 2017, an investor exercised
warrants to purchase 27,548 shares of the Company&rsquo;s $0.001 par value common stock at a purchase price equal to $0.363 for
each share of Common stock. The Company receive $10,000 as a result of this exercise.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On January 1, 2018, the Company issued
warrants to purchase 100,000 shares of common stock at an exercise price of $0.80 per share to an advisor for business advisory
services. The warrants were valued at $234,095 using the Black Scholes option pricing model based upon the following assumptions:
term of 5 years, risk free interest rate of 2.01%, a dividend yield of 0% and volatility rate of 158%. The warrants vest evenly
over the six-month service period ended June 30, 2018.&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On January 19, 2018, an investor exercised
warrants to purchase 180,000 shares of the Company&rsquo;s $0.001 par value common stock at a purchase price equal to $0.083 for
each share of Common stock. The Company receive $14,940 as a result of this exercise.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On January 19, 2018, an investor exercised
warrants to purchase 15,000 shares of the Company&rsquo;s $0.001 par value common stock at a purchase price equal to $0.363 for
each share of Common stock. The Company receive $5,445 as a result of this exercise.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On January 29, 2018, an investor exercised
warrants to purchase 4,500 shares of the Company&rsquo;s $0.001 par value common stock at a purchase price equal to $0.363 for
each share of Common stock. The Company receive $1,634 as a result of this exercise.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 8, 2018, an investor exercised
456,000 warrants to purchase shares of the Company&rsquo;s $0.001 par value common stock at a purchase price equal to $0.367 for
each share of Common stock. The investor elected to use the cashless exercise option and as a result the Company issued 387,475
shares of common stock.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 10, 2018, Bryan Huber the Company&rsquo;s
Chief Operations Officer exercised warrants to purchase 1,353 shares of the Company&rsquo;s $0.001 par value common stock at a
purchase price equal to $1.50 for each share of Common stock. The Company receive $2,030 as a result of this exercise.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 15, 2018, the Company issued
116,600 5-year warrants exercisable at $0.80 to a lender in connection with a promissory note agreement. (see Note 8 for additional
details.)</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Registration Rights</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We have not granted registration rights to any party.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Anti-Takeover Laws</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Nevada Revised Statutes sections 78.378 to 78.379 provide
state regulation over the acquisition of a controlling interest in certain Nevada corporations unless the articles of incorporation
or bylaws of the corporation provide that the provisions of these sections do not apply. Our articles of incorporation and bylaws
do not state that these provisions do not apply. The statute creates a number of restrictions on the ability of a person or entity
to acquire control of a Nevada company by setting down certain rules of conduct and voting restrictions in any acquisition attempt,
among other things. The statute is limited to corporations that are organized in the state of Nevada and that have 200 or more
stockholders, at least 100 of whom are stockholders of record and residents of the State of Nevada; and does business in the State
of Nevada directly or through an affiliated corporation. Because of these conditions, the statute currently does not apply to our
company.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"></P>


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<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Transfer Agent And Registrar</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>


<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The transfer agent and registrar for our common stock is
Action Stock Transfer. Its address is 2469 E. Fort Union Blvd, Suite 214 Salt Lake City, UT 84121. The transfer agent for any series
of preferred stock, debt securities or warrants that we may offer under this prospectus will be named and described in the prospectus
supplement for that series.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>OTC Markets</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Our common stock is quoted on the OTCQB under the symbol
&ldquo;CLSK.&rdquo;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_007"></A><B>DESCRIPTION OF DEBT SECURITIES</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We may issue debt securities from time to time, in one or
more series, as either senior or subordinated debt or as senior or subordinated convertible debt. While the terms we have summarized
below will apply generally to any debt securities that we may offer under this prospectus, we will describe the particular terms
of any debt securities that we may offer in more detail in the applicable prospectus supplement. The terms of any debt securities
offered under a prospectus supplement may differ from the terms described below. Unless the context requires otherwise, whenever
we refer to the indenture, we also are referring to any supplemental indentures that specify the terms of a particular series of
debt securities.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We will issue the debt securities under the indenture that
we will enter into with the trustee named in the indenture. The indenture will be qualified under the Trust Indenture Act of 1939,
as amended, or the Trust Indenture Act. We have filed the form of indenture as an exhibit to the registration statement of which
this prospectus is a part, and supplemental indentures and forms of debt securities containing the terms of the debt securities
being offered will be filed as exhibits to the registration statement of which this prospectus is a part or will be incorporated
by reference from reports that we file with the SEC.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The following summary of material provisions of the debt
securities and the indenture is subject to, and qualified in its entirety by reference to, all of the provisions of the indenture
applicable to a particular series of debt securities. We urge you to read the applicable prospectus supplements and any related
free writing prospectuses related to the debt securities that we may offer under this prospectus, as well as the complete indenture
that contains the terms of the debt securities.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>General</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The indenture does not limit the amount of debt securities
that we may issue. It provides that we may issue debt securities up to the principal amount that we may authorize and may be in
any currency or currency unit that we may designate. Except for the limitations on consolidation, merger and sale of all or substantially
all of our assets contained in the indenture, the terms of the indenture do not contain any covenants or other provisions designed
to give holders of any debt securities protection against changes in our operations, financial condition or transactions involving
us.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We may issue the debt securities issued under the indenture
as &ldquo;discount securities,&rdquo; which means they may be sold at a discount below their stated principal amount. These debt
securities, as well as other debt securities that are not issued at a discount, may be issued with &ldquo;original issue discount,&rdquo;
or OID, for U.S. federal income tax purposes because of interest payment and other characteristics or terms of the debt securities.
Material U.S. federal income tax considerations applicable to debt securities issued with OID will be described in more detail
in any applicable prospectus supplement.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We will describe in the applicable prospectus supplement
the terms of the series of debt securities being offered, including:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the title of the series of debt securities;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">any limit upon the aggregate principal amount that
may be issued;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the maturity date or dates;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the form of the debt securities of the series;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the applicability of any guarantees;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">whether or not the debt securities will be secured
or unsecured, and the terms of any secured debt;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">whether the debt securities rank as senior debt,
senior subordinated debt, subordinated debt or any combination thereof, and the terms of any subordination;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">if the price (expressed as a percentage of the aggregate
principal amount thereof) at which such debt securities will be issued is a price other than the principal amount thereof, the
portion of the principal amount thereof payable upon declaration of acceleration of the maturity thereof, or if applicable, the
portion of the principal amount of such debt securities that is convertible into another security or the method by which any such
portion shall be determined;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the interest rate or rates, which may be fixed or
variable, or the method for determining the rate and the date interest will begin to accrue, the dates interest will be payable
and the regular record dates for interest payment dates or the method for determining such dates;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">our right, if any, to defer payment of interest and
the maximum length of any such deferral period;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">if applicable, the date or dates after which, or
the period or periods during which, and the price or prices at which, we may, at our option, redeem the series of debt securities
pursuant to any optional or provisional redemption provisions and the terms of those redemption provisions;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the date or dates, if any, on which, and the price
or prices at which we are obligated, pursuant to any mandatory sinking fund or analogous fund provisions or otherwise, to redeem,
or at the holder&rsquo;s option to purchase, the series of debt securities and the currency or currency unit in which the debt
securities are payable;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the denominations in which we will issue the series
of debt securities, if other than denominations of $1,000 and any integral multiple thereof;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">any and all terms, if applicable, relating to any
auction or remarketing of the debt securities of that series and any security for our obligations with respect to such debt securities
and any other terms which may be advisable in connection with the marketing of debt securities of that series;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">whether the debt securities of the series shall be
issued in whole or in part in the form of a global security or securities; the terms and conditions, if any, upon which such global
security or securities may be exchanged in whole or in part for other individual securities; and the depositary for such global
security or securities;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">if applicable, the provisions relating to conversion
or exchange of any debt securities of the series and the terms and conditions upon which such debt securities will be so convertible
or exchangeable, including the conversion or exchange price, as applicable, or how it will be calculated and may be adjusted, any
mandatory or optional (at our option or the holders&rsquo; option) conversion or exchange features, the applicable conversion or
exchange period and the manner of settlement for any conversion or exchange;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">additions to or changes in the covenants applicable
to the particular debt securities being issued, including, among others, the consolidation, merger or sale covenant;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">additions to or changes in the events of default
with respect to the securities and any change in the right of the trustee or the holders to declare the principal, premium, if
any, and interest, if any, with respect to such securities to be due and payable;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">additions to or changes in or deletions of the provisions
relating to covenant defeasance and legal defeasance;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">additions to or changes in the provisions relating
to satisfaction and discharge of the indenture;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">additions to or changes in the provisions relating
to the modification of the indenture both with and without the consent of holders of debt securities issued under the indenture;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the currency of payment of debt securities if other
than U.S. dollars and the manner of determining the equivalent amount in U.S. dollars;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">whether interest will be payable in cash or additional
debt securities at our or the holders&rsquo; option and the terms and conditions upon which the election may be made;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the terms and conditions, if any, upon which we will
pay amounts in addition to the stated interest, premium, if any, and principal amounts of the debt securities of the series to
any holder that is not a &ldquo;United States person&rdquo; for federal tax purposes;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">any restrictions on transfer, sale or assignment
of the debt securities of the series; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">any other specific terms, preferences, rights or
limitations of, or restrictions on, the debt securities, any other additions or changes in the provisions of the indenture, and
any terms that may be required by us or advisable under applicable laws or regulations</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B></B></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Conversion Or Exchange Rights</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We will set forth in the applicable prospectus supplement
the terms on which a series of debt securities may be convertible into or exchangeable for our common stock or our other securities.
We will include provisions as to settlement upon conversion or exchange and whether conversion or exchange is mandatory, at the
option of the holder or at our option. We may include provisions pursuant to which the number of shares of our common stock or
our other securities that the holders of the series of debt securities receive would be subject to adjustment.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Consolidation, Merger Or Sale</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Unless we provide otherwise in the prospectus supplement
applicable to a particular series of debt securities, the indenture will not contain any covenant that restricts our ability to
merge or consolidate, or sell, convey, transfer or otherwise dispose of our assets as an entirety or substantially as an entirety.
However, any successor to or acquirer of such assets (other than a subsidiary of ours) must assume all of our obligations under
the indenture or the debt securities, as appropriate.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Events Of Default Under The Indenture</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Unless we provide otherwise in the prospectus supplement
applicable to a particular series of debt securities, the following are events of default under the indenture with respect to any
series of debt securities that we may issue:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">if we fail to pay any installment of interest on
any series of debt securities, as and when the same shall become due and payable, and such default continues for a period of 90
days; provided, however, that a valid extension of an interest payment period by us in accordance with the terms of any indenture
supplemental thereto shall not constitute a default in the payment of interest for this purpose;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">if we fail to pay the principal of, or premium, if
any, on any series of debt securities as and when the same shall become due and payable whether at maturity, upon redemption, by
declaration or otherwise, or in any payment required by any sinking or analogous fund established with respect to such series;
provided, however, that a valid extension of the maturity of such debt securities in accordance with the terms of any indenture
supplemental thereto shall not constitute a default in the payment of principal or premium, if any;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">if we fail to observe or perform any other covenant
or agreement contained in the debt securities or the indenture, other than a covenant specifically relating to another series of
debt securities, and our failure continues for 90 days after we receive written notice of such failure, requiring the same to be
remedied and stating that such is a notice of default thereunder, from the trustee or holders of at least 25% in aggregate principal
amount of the outstanding debt securities of the applicable series; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">if specified events of bankruptcy, insolvency or
reorganization occur.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">If an event of default with respect to debt securities of
any series occurs and is continuing, other than an event of default specified in the last bullet point above, the trustee or the
holders of at least 25% in aggregate principal amount of the outstanding debt securities of that series, by notice to us in writing,
and to the trustee if notice is given by such holders, may declare the unpaid principal of, premium, if any, and accrued interest,
if any, of such series of debt securities due and payable immediately. If an event of default specified in the last bullet point
above occurs with respect to us, the principal amount of and accrued interest, if any, of each issue of debt securities then outstanding
shall be due and payable without any notice or other action on the part of the trustee or any holder.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The holders of a majority in principal amount of the outstanding
debt securities of an affected series may waive any default or event of default with respect to the series and its consequences,
except defaults or events of default regarding payment of principal, premium, if any, or interest, unless we have cured the default
or event of default in accordance with the indenture. Any waiver shall cure the default or event of default.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Subject to the terms of the indenture, if an event of default
under an indenture shall occur and be continuing, the trustee will be under no obligation to exercise any of its rights or powers
under such indenture at the request or direction of any of the holders of the applicable series of debt securities, unless such
holders have offered the trustee reasonable indemnity. The holders of a majority in principal amount of the outstanding debt securities
of any series will have the right to direct the time, method and place of conducting any proceeding for any remedy available to
the trustee, or exercising any trust or power conferred on the
trustee, with respect to the debt securities of that series, provided that:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the direction so given by the holder is not in conflict
with any law or the applicable indenture; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">subject to its duties under the Trust Indenture Act,
the trustee need not take any action that might involve it in personal liability or might be unduly prejudicial to the holders
not involved in the proceeding.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">A holder of the debt securities of any series will have the
right to institute a proceeding under the indenture or to appoint a receiver or trustee, or to seek other remedies only if:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the holder has given written notice to the trustee
of a continuing event of default with respect to that series;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the holders of at least 25% in aggregate principal
amount of the outstanding debt securities of that series have made written request;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">such holders have offered to the trustee indemnity
satisfactory to it against the costs, expenses and liabilities to be incurred by the trustee in compliance with the request; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the trustee does not institute the proceeding, and
does not receive from the holders of a majority in aggregate principal amount of the outstanding debt securities of that series
other conflicting directions within 90 days after the notice, request and offer.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">These limitations do not apply to a suit instituted by a
holder of debt securities if we default in the payment of the principal, premium, if any, or interest on, the debt securities.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We will periodically file statements with the trustee regarding
our compliance with specified covenants in the indenture.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Modification Of Indenture; Waiver </B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Unless we provide otherwise in the prospectus supplement
applicable to a particular series of debt securities, we and the trustee may change an indenture without the consent of any holders
with respect to specific matters:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">to cure any ambiguity, defect or inconsistency in
the indenture or in the debt securities of any series;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">to comply with the provisions described above under
&ldquo;Description of Debt Securities&mdash;Consolidation, Merger or Sale;&rdquo;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">to provide for uncertificated debt securities in
addition to or in place of certificated debt securities;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">to add to our covenants, restrictions, conditions
or provisions such new covenants, restrictions, conditions or provisions for the benefit of the holders of all or any series of
debt securities, to make the occurrence, or the occurrence and the continuance, of a default in any such additional covenants,
restrictions, conditions or provisions an event of default or to surrender any right or power conferred upon us in the indenture;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">to add to, delete from or revise the conditions,
limitations, and restrictions on the authorized amount, terms, or purposes of issue, authentication and delivery of debt securities,
as set forth in the indenture;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">to make any change that does not adversely affect
the interests of any holder of debt securities of any series in any material respect;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">to provide for the issuance of and establish the
form and terms and conditions of the debt securities of any series as provided above under &ldquo;Description of Debt Securities&mdash;General&rdquo;
to establish the form of any certifications required to be furnished pursuant to the terms of the indenture or any series of debt
securities, or to add to the rights of the holders of any series of debt securities;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">o evidence and provide for the acceptance of appointment
under any indenture by a successor trustee; or </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">to comply with any requirements of the SEC in connection
with the qualification of any indenture under the Trust Indenture Act.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">In addition, under the indenture, the rights of holders of
a series of debt securities may be changed by us and the trustee with the written consent of the holders of at least a majority
in aggregate principal amount of the outstanding debt securities of each series that is affected. However, unless we provide otherwise
in the prospectus supplement applicable to a particular series of debt securities, we and the trustee may make the following changes
only with the consent of each holder of any outstanding debt securities affected:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">extending the fixed maturity of any debt securities
of any series;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">reducing the principal amount, reducing the rate
of or extending the time of payment of interest, or reducing any premium payable upon the redemption of any series of any debt
securities; or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">reducing the percentage of debt securities, the holders
of which are required to consent to any amendment, supplement, modification or waiver.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Discharge </B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The indenture provides that we can elect to be discharged
from our obligations with respect to one or more series of debt securities, except for specified obligations, including obligations
to:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">provide for payment;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">register the transfer or exchange of debt securities
of the series;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">replace stolen, lost or mutilated debt securities
of the series;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">pay principal of and premium and interest on any
debt securities of the series;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">maintain paying agencies;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">hold monies for payment in trust;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">recover excess money held by the trustee;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">compensate and indemnify the trustee; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">appoint any successor trustee.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">In order to exercise our rights to be discharged, we must
deposit with the trustee money or government obligations sufficient to pay all the principal of, any premium, if any, and interest
on, the debt securities of the series on the dates payments are due.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Form, Exchange And Transfer </B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We will issue the debt securities of each series only in
fully registered form without coupons and, unless we provide otherwise in the applicable prospectus supplement, in denominations
of $1,000 and any integral multiple thereof. The indenture provides that we may issue debt securities of a series in temporary
or permanent global form and as book-entry securities that will be deposited with, or on behalf of, The Depository Trust Company,
or DTC, or another depositary named by us and identified in the applicable prospectus supplement with respect to that series. To
the extent the debt securities of a series are issued in global form and as book-entry, a description of terms relating to any
book-entry securities will be set forth in the applicable prospectus supplement.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">At the option of the holder, subject to the terms of the
indenture and the limitations applicable to global securities described in the applicable prospectus supplement, the holder of
the debt securities of any series can exchange the debt securities for other debt securities of the same series, in any authorized
denomination and of like tenor and aggregate principal amount.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Subject to the terms of the indenture and the limitations
applicable to global securities set forth in the applicable prospectus supplement, holders of the debt securities may present the
debt securities for exchange or for registration of transfer, duly endorsed or with the form of transfer endorsed thereon duly
executed if so required by us or the security registrar, at the office of the security registrar or at the office of any transfer
agent designated by us for this purpose. Unless otherwise provided in the debt securities that the holder presents for transfer
or exchange, we will impose no service charge for any registration of transfer or exchange, but we may require payment of any taxes
or other governmental charges.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We will name in the applicable prospectus supplement the
security registrar, and any transfer agent in addition to the security registrar, that we initially designate for any debt securities.
We may at any time designate additional transfer agents or rescind the designation of any transfer agent or approve a change in
the office through which any transfer agent acts, except that we will be required to maintain a transfer agent in each place of
payment for the debt securities of each series.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">If we elect
to redeem the debt securities of any series, we will not be required to:</FONT></P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">issue, register the transfer of, or exchange any
debt securities of that series during a period beginning at the opening of business 15 days before the day of mailing of a notice
of redemption of any debt securities that may be selected for redemption and ending at the close of business on the day of the
mailing; or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">register the transfer of or exchange any debt securities
so selected for redemption, in whole or in part, except the unredeemed portion of any debt securities we are redeeming in part.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Information Concerning The Trustee </B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The trustee, other than during the occurrence and continuance
of an event of default under an indenture, undertakes to perform only those duties as are specifically set forth in the applicable
indenture. Upon an event of default under an indenture, the trustee must use the same degree of care as a prudent person would
exercise or use in the conduct of his or her own affairs. Subject to this provision, the trustee is under no obligation to exercise
any of the powers given it by the indenture at the request of any holder of debt securities unless it is offered reasonable security
and indemnity against the costs, expenses and liabilities that it might incur.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Payment And Paying Agents </B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Unless we otherwise indicate in the applicable prospectus
supplement, we will make payment of the interest on any debt securities on any interest payment date to the person in whose name
the debt securities, or one or more predecessor securities, are registered at the close of business on the regular record date
for the interest.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We will pay principal of and any premium and interest on
the debt securities of a particular series at the office of the paying agents designated by us, except that unless we otherwise
indicate in the applicable prospectus supplement, we will make interest payments by check that we will mail to the holder or by
wire transfer to certain holders. Unless we otherwise indicate in the applicable prospectus supplement, we will designate the corporate
trust office of the trustee as our sole paying agent for payments with respect to debt securities of each series. We will name
in the applicable prospectus supplement any other paying agents that we initially designate for the debt securities of a particular
series. We will maintain a paying agent in each place of payment for the debt securities of a particular series.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">All money we pay to a paying agent or the trustee for the
payment of the principal of or any premium or interest on any debt securities that remains unclaimed at the end of two years after
such principal, premium or interest has become due and payable will be repaid to us, and the holder of the debt security thereafter
may look only to us for payment thereof.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Governing Law </B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The indenture and the debt securities, and any claim, controversy
or dispute arising under or related to the indenture or the debt securities, will be governed by and construed in accordance with
the laws of the State of Nevada, except to the extent that the Trust Indenture Act of 1939 is applicable.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_008"></A><B>DESCRIPTION OF WARRANTS</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The following description, together with the additional information
we may include in any applicable prospectus supplements and free writing prospectuses, summarizes the material terms and provisions
of the warrants that we may offer under this prospectus, which may consist of warrants to purchase common stock, preferred stock
or debt securities and may be issued in one or more series. Warrants may be issued independently or together with common stock,
preferred stock or debt securities offered by any prospectus supplement, and may be attached to or separate from those securities.
While the terms we have summarized below will apply generally to any warrants that we may offer under this prospectus, we will
describe the particular terms of any series of warrants that we may offer in more detail in the applicable prospectus supplement
and any applicable free writing prospectus. The terms of any warrants offered under a prospectus supplement may differ from the
terms described below. However, no prospectus supplement will fundamentally change the terms that are set forth in this prospectus
or offer a security that is not registered and described in this prospectus at the time of its effectiveness.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We have filed forms of the warrant agreements and forms of
warrant certificates containing the terms of the warrants being offered as exhibits to the registration statement of which this
prospectus is a part. We will file as exhibits to the registration statement of which this prospectus is a part, or will incorporate
by reference from reports that we file with the SEC, the form of warrant agreement, if any, including a form of warrant certificate,
that describes the terms of the particular series of warrants we are offering. The following summaries of material provisions of
the warrants and the warrant agreements are subject to, and qualified in their entirety by reference to, all the provisions of
the warrant agreement and warrant certificate applicable to the particular series of warrants that we may offer under this prospectus.
We urge you to read the applicable prospectus supplements related to the particular series of warrants that we may offer under
this prospectus, as well as any related free writing prospectuses, and the complete warrant agreements and warrant certificates
that contain the terms of the warrants.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>General</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We will describe in the applicable prospectus supplement
the terms relating to a series of warrants being offered, including:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the title of such securities;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the offering price or prices and aggregate number
of warrants offered;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the currency or currencies for which the warrants
may be purchased;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">if applicable, the designation and terms of the securities
with which the warrants are issued and the number of warrants issued with each such security or each principal amount of such security;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">if applicable, the date on and after which the warrants
and the related securities will be separately transferable;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">if applicable, the minimum or maximum amount of such
warrants which may be exercised at any one time;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">in the case of warrants to purchase debt securities,
the principal amount of debt securities purchasable upon exercise of one warrant and the price at which, and currency in which,
this principal amount of debt securities may be purchased upon such exercise;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">in the case of warrants to purchase common stock
or preferred stock, the number of shares of common stock or preferred stock, as the case may be, purchasable upon the exercise
of one warrant and the price at which, and the currency in which, these shares may be purchased upon such exercise;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the effect of any merger, consolidation, sale or
other disposition of our business on the warrant agreements and the warrants;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the terms of any rights to redeem or call the warrants;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the terms of any rights to force the exercise of
the warrants;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">any provisions for changes to or adjustments in the
exercise price or number of securities issuable upon exercise of the warrants;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the dates on which the right to exercise the warrants
will commence and expire;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the manner in which the warrant agreements and warrants
may be modified;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">a discussion of any material or special United States
federal income tax consequences of holding or exercising the warrants;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the terms of the securities issuable upon exercise
of the warrants; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">any other specific terms, preferences, rights or
limitations of or restrictions on the warrants.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Before exercising their warrants, holders of warrants will
not have any of the rights of holders of the securities purchasable upon such exercise, including:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">in the case of warrants to purchase debt securities,
the right to receive payments of principal of, or premium, if any, or interest on, the debt securities purchasable upon exercise
or to enforce covenants in the applicable indenture; or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">in the case of warrants to purchase common stock
or preferred stock, the right to receive dividends, if any, or, payments upon our liquidation, dissolution or winding up or to
exercise voting rights, if any.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Exercise Of Warrants</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Each warrant will entitle the holder to purchase the securities
that we specify in the applicable prospectus supplement at the exercise price that we describe in the applicable prospectus supplement.
Unless we otherwise specify in the applicable prospectus supplement, holders of the warrants may exercise the warrants at any time
up to the specified time on the expiration date that we set forth
in the applicable prospectus supplement. After the close of business on the expiration date, unexercised warrants will become void.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Unless we otherwise specify in the applicable prospectus
supplement, holders of the warrants may exercise the warrants by delivering the warrant certificate representing the warrants to
be exercised together with specified information, and paying the required amount to the warrant agent in immediately available
funds, as provided in the applicable prospectus supplement. We will set forth on the reverse side of the warrant certificate and
in the applicable prospectus supplement the information that the holder of the warrant will be required to deliver to the warrant
agent in connection with the exercise of the warrant.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Upon receipt of the required payment and the warrant certificate
properly completed and duly executed at the corporate trust office of the warrant agent or any other office indicated in the applicable
prospectus supplement, we will issue and deliver the securities purchasable upon such exercise. If fewer than all of the warrants
represented by the warrant certificate are exercised, then we will issue a new warrant certificate for the remaining amount of
warrants. If we so indicate in the applicable prospectus supplement, holders of the warrants may surrender securities as all or
part of the exercise price for warrants.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Governing Law </B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Unless we provide otherwise in the applicable prospectus
supplement, the warrants and warrant agreements, and any claim, controversy or dispute arising under or related to the warrants
or warrant agreements, will be governed by and construed in accordance with the laws of the State of Nevada.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Enforceability Of Rights By Holders Of Warrants </B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Each warrant agent will act solely as our agent under the
applicable warrant agreement and will not assume any obligation or relationship of agency or trust with any holder of any warrant.
A single bank or trust company may act as warrant agent for more than one issue of warrants. A warrant agent will have no duty
or responsibility in case of any default by us under the applicable warrant agreement or warrant, including any duty or responsibility
to initiate any proceedings at law or otherwise, or to make any demand upon us. Any holder of a warrant may, without the consent
of the related warrant agent or the holder of any other warrant, enforce by appropriate legal action its right to exercise, and
receive the securities purchasable upon exercise of, its warrants.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_009"></A><B>LEGAL OWNERSHIP OF SECURITIES</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We can issue securities in registered form or in the form
of one or more global securities<FONT STYLE="color: blue">. </FONT>We describe global securities in greater detail below<FONT STYLE="color: blue">.
</FONT>We refer to those persons who have securities registered in their own names on the books that we or any applicable trustee
or depositary maintain for this purpose as the &ldquo;holders&rdquo; of those securities<FONT STYLE="color: blue">. </FONT>These
persons are the legal holders of the securities<FONT STYLE="color: blue">. </FONT>We refer to those persons who, indirectly through
others, own beneficial interests in securities that are not registered in their own names, as &ldquo;indirect holders&rdquo; of
those securities<FONT STYLE="color: blue">. </FONT>As we discuss below, indirect holders are not legal holders, and investors in
securities issued in book-entry form or in street name will be indirect holders.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Book-Entry Holders</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We may issue securities in book-entry form only, as we will
specify in the applicable prospectus supplement<FONT STYLE="color: blue">. </FONT>This means securities may be represented by one
or more global securities registered in the name of a financial institution that holds them as depositary on behalf of other financial
institutions that participate in the depositary&rsquo;s book-entry system<FONT STYLE="color: blue">. </FONT>These participating
institutions, which are referred to as participants, in turn, hold beneficial interests in the securities on behalf of themselves
or their customers.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Only the person in whose name a security is registered
is recognized as the holder of that security<FONT STYLE="color: blue">. </FONT>Global securities will be registered in the
name of the depositary or its participants<FONT STYLE="color: blue">. </FONT>Consequently, for global securities, we will
recognize only the depositary as the holder of the securities, and we will make all payments on the securities to the
depositary<FONT STYLE="color: blue">. </FONT>The depositary passes along the payments it receives to its participants, which
in turn pass the payments along to their customers who are the beneficial owners<FONT STYLE="color: blue">. </FONT>The
depositary and its participants do so under agreements they have made with one another or with their customers;
they are not obligated to do so under the terms of the securities.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">As a result, investors in a global security will not own
securities directly<FONT STYLE="color: blue">. </FONT>Instead, they will own beneficial interests in a global security, through
a bank, broker or other financial institution that participates in the depositary&rsquo;s book-entry system or holds an interest
through a participant<FONT STYLE="color: blue">. </FONT>As long as the securities are issued in global form, investors will be
indirect holders, and not legal holders, of the securities.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Street Name Holders</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">A global security may be terminated in certain situations
as described under &ldquo;&mdash;Special Situations When A Global Security Will Be Terminated,&rdquo; or issue securities that
are not issued in global form<FONT STYLE="color: blue">. </FONT>In these cases, investors may choose to hold their securities in
their own names or in &ldquo;street name.&rdquo; Securities held by an investor in street name would be registered in the name
of a bank, broker or other financial institution that the investor chooses, and the investor would hold only a beneficial interest
in those securities through an account he or she maintains at that institution.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">For securities held in street name, we or any applicable
trustee or depositary will recognize only the intermediary banks, brokers and other financial institutions in whose names the securities
are registered as the holders of those securities, and we or any such trustee or depositary will make all payments on those securities
to them<FONT STYLE="color: blue">. </FONT>These institutions pass along the payments they receive to their customers who are the
beneficial owners, but only because they agree to do so in their customer agreements or because they are legally required to do
so<FONT STYLE="color: blue">. </FONT>Investors who hold securities in street name will be indirect holders, not holders, of those
securities.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Legal Holders</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Our obligations, as well as the obligations of any applicable
trustee or third party employed by us or a trustee, run only to the legal holders of the securities<FONT STYLE="color: blue">.
</FONT>We do not have obligations to investors who hold beneficial interests in global securities, in street name or by any other
indirect means<FONT STYLE="color: blue">. </FONT>This will be the case whether an investor chooses to be an indirect holder of
a security or has no choice because we are issuing the securities only in global form.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">For example, once we make a payment or give a notice to the
legal holder, we have no further responsibility for the payment or notice even if that legal holder is required, under agreements
with its participants or customers or by law, to pass it along to the indirect holders but does not do so<FONT STYLE="color: blue">.
</FONT>Similarly, we may want to obtain the approval of the holders to amend an indenture, to relieve us of the consequences of
a default or of our obligation to comply with a particular provision of an indenture, or for other purposes<FONT STYLE="color: blue">.
</FONT>In such an event, we would seek approval only from the legal holders, and not the indirect holders, of the securities<FONT STYLE="color: blue">.
</FONT>Whether and how the legal holders contact the indirect holders is up to the legal holders.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Special Considerations For Indirect Holders</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">If you hold securities through a bank, broker or other financial
institution, either in book-entry form because the securities are represented by one or more global securities or in street name,
you should check with your own institution to find out:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">how it handles securities payments and notices;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">whether it imposes fees or charges;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">how it would handle a request for the holders&rsquo;
consent, if ever required;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">whether and how you can instruct it to send you securities
registered in your own name so you can be a holder, if that is permitted in the future;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">how it would exercise rights under the securities
if there were a default or other event triggering the need for holders to act to protect their interests; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">if the securities are in book-entry form, how the
depositary&rsquo;s rules and procedures will affect these matters.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B></B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Global Securities</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">A global security is a security that represents one or any
other number of individual securities held by a depositary<FONT STYLE="color: blue">. </FONT>Generally, all securities represented
by the same global securities will have the same terms.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Each security issued in book-entry form will be represented
by a global security that we issue to, deposit with and register in the name of a financial institution or its nominee that we
select<FONT STYLE="color: blue">. </FONT>The financial institution that we select for this purpose is called the depositary<FONT STYLE="color: blue">.
</FONT>Unless we specify otherwise in the applicable prospectus supplement, The Depository Trust Company, New York, New York, known
as DTC, will be the depositary for all securities issued in book-entry form.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">A global security may not be transferred to or registered
in the name of anyone other than the depositary, its nominee or a successor depositary, unless special termination situations arise<FONT STYLE="color: blue">.
</FONT>We describe those situations below under &ldquo;&mdash;Special Situations When A Global Security Will Be Terminated.&rdquo;
As a result of these arrangements, the depositary, or its nominee, will be the sole registered owner and legal holder of all securities
represented by a global security, and investors will be permitted to own only beneficial interests in a global security<FONT STYLE="color: blue">.
</FONT>Beneficial interests must be held by means of an account with a broker, bank or other financial institution that in turn
has an account with the depositary or with another institution that does<FONT STYLE="color: blue">. </FONT>Thus, an investor whose
security is represented by a global security will not be a legal holder of the security, but only an indirect holder of a beneficial
interest in the global security.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">If the prospectus supplement for a particular security indicates
that the security will be issued as a global security, then the security will be represented by a global security at all times
unless and until the global security is terminated<FONT STYLE="color: blue">. </FONT>If termination occurs, we may issue the securities
through another book-entry clearing system or decide that the securities may no longer be held through any book-entry clearing
system.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Special Considerations For Global Securities</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">As an indirect holder, an investor&rsquo;s rights relating
to a global security will be governed by the account rules of the investor&rsquo;s financial institution and of the depositary,
as well as general laws relating to securities transfers<FONT STYLE="color: blue">. </FONT>We do not recognize an indirect holder
as a holder of securities and instead deal only with the depositary that holds the global security.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">If securities are issued only as global
securities, an investor should be aware of the following:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">an investor cannot cause the securities to be registered
in his or her name, and cannot obtain non-global certificates for his or her interest in the securities, except in the special
situations we describe below;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">an investor will be an indirect holder and must look
to his or her own bank or broker for payments on the securities and protection of his or her legal rights relating to the securities,
as we describe above;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">an investor may not be able to sell interests in
the securities to some insurance companies and to other institutions that are required by law to own their securities in non-book-entry
form;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">an investor may not be able to pledge his or her
interest in the global security in circumstances where certificates representing the securities must be delivered to the lender
or other beneficiary of the pledge in order for the pledge to be effective;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the depositary&rsquo;s policies, which may change
from time to time, will govern payments, transfers, exchanges and other matters relating to an investor&rsquo;s interest in the
global security;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">we and any applicable trustee have no responsibility
for any aspect of the depositary&rsquo;s actions or for its records of ownership interests in the global security, nor will we
or any applicable trustee supervise the depositary in any way;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the depositary may, and we understand that DTC will,
require that those who purchase and sell interests in the global security within its book-entry system use immediately available
funds, and your broker or bank may require you to do so as well; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">financial institutions that participate in the depositary&rsquo;s
book-entry system, and through which an investor holds its interest in the global security, may also have their own policies affecting
payments, notices and other matters relating to the securities.</FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%">
<TR>
    <TD STYLE="width: 48px">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">There may be more than one financial
intermediary in the chain of ownership for an investor<FONT STYLE="color: blue">. </FONT>We do not monitor and are not responsible
for the actions of any of those intermediaries.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>


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<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Special Situations When A Global Security Will Be Terminated</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">In a few special situations described below, a global security
will terminate and interests in it will be exchanged for physical certificates representing those interests<FONT STYLE="color: blue">.
</FONT>After that exchange, the choice of whether to hold securities directly or in street name will be up to the investor<FONT STYLE="color: blue">.
</FONT>Investors must consult their own banks or brokers to find out how to have their interests in securities transferred to their
own names, so that they will be direct holders<FONT STYLE="color: blue">. </FONT>We have described the rights of holders and street
name investors above.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Unless we provide otherwise in the applicable prospectus
supplement, a global security will terminate when the following special situations occur:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">if the depositary notifies us that it is unwilling,
unable or no longer qualified to continue as depositary for that global security and we do not appoint another institution to act
as depositary within 90 days;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">if we notify any applicable trustee that we wish
to terminate that global security; or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">if an event of default has occurred with regard to
securities represented by that global security and has not been cured or waived.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The applicable prospectus supplement may also list additional
situations for terminating a global security that would apply only to the particular series of securities covered by the applicable
prospectus supplement<FONT STYLE="color: blue">. </FONT>When a global security terminates, the depositary, and neither we nor any
applicable trustee, is responsible for deciding the names of the institutions that will be the initial direct holders.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="a_010"></A>PLAN OF DISTRIBUTION</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We may sell the securities covered hereby from time to time
pursuant to underwritten public offerings, direct sales to the public, negotiated transactions, block trades or a combination of
these methods. A distribution of the securities offered by this prospectus may also be effected through the issuance of derivative
securities, including without limitation, warrants and subscriptions. We may sell the securities to or through underwriters or
dealers, through agents, or directly to one or more purchasers. We may distribute securities from time to time in one or more transactions:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">at a fixed price or prices, which may be changed;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">at market prices prevailing at the time of sale;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">at prices related to such prevailing market prices;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">at varying prices determined at the time of sale;
or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">at negotiated prices.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We may also sell equity securities covered by this registration
statement in an &ldquo;at the market offering&rdquo; as defined in Rule 415 under the Securities Act. Such offering may be made
into an existing trading market for such securities in transactions at other than a fixed price, either:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">on or through the facilities of The Nasdaq Capital
Market or any other securities exchange or quotation or trading service on which such securities may be listed, quoted or traded
at the time of sale; and/or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">to or through a market maker otherwise than on The
Nasdaq Capital Market or such other securities exchanges or quotation or trading services.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Such at-the-market offerings, if any, may be conducted by
financial institutions acting as principal or agent.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">A prospectus supplement or supplements (and any related free
writing prospectus that we may authorize to be provided to you) will describe the terms of the offering of the securities, including,
to the extent applicable:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the name or names of any underwriters, dealers or
agents participating in the offering, if any;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the purchase price of the securities sold by us to
any underwriter or dealer and the net proceeds we expect to receive from the offering;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">any option, under which underwriters may purchase
additional securities from us;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">any agency fees or underwriting discounts or commissions
and other items constituting agents&rsquo; or underwriters&rsquo; compensation;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">any public offering price;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">any discounts or concessions allowed or reallowed
or paid to dealers; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">any securities exchange or market on which the securities
may be listed.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"></P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Only underwriters named in the prospectus supplement are
underwriters of the securities offered by the prospectus supplement.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">If underwriters are used in the sale, they will acquire the
securities for their own account and may resell the securities from time to time in one or more transactions at a fixed public
offering price or at varying prices determined at the time of sale. The obligations of the underwriters to purchase the securities
will be subject to the conditions set forth in the applicable underwriting agreement. We may offer the securities to the public
through underwriting syndicates represented by managing underwriters or by underwriters without a syndicate. Subject to certain
conditions, the underwriters will be obligated to purchase all of the securities offered by the prospectus supplement, other than
securities covered by any option to purchase additional securities. Any public offering price and any discounts, commissions or
concessions allowed or reallowed or paid to dealers may change from time to time. We may use underwriters with whom we have a material
relationship. We will describe in the prospectus supplement, naming the underwriter, the nature of any such relationship.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We may sell securities directly or through agents we designate
from time to time. We will name any agent involved in the offering and sale of securities, and we will describe any commissions
and other compensation we will pay the agent in the prospectus supplement. Unless the prospectus supplement states otherwise, our
agent will act on a best-efforts basis for the period of its appointment.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We may authorize agents or underwriters to solicit offers
by certain types of institutional investors to purchase securities from us at the public offering price set forth in the prospectus
supplement pursuant to delayed delivery contracts providing for payment and delivery on a specified date in the future. We will
describe the conditions to these contracts and the commissions we must pay for solicitation of these contracts in the prospectus
supplement.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We may provide agents and underwriters with indemnification
against civil liabilities related to this offering, including liabilities under the Securities Act, or contribution with respect
to payments that the agents or underwriters may make with respect to these liabilities. Agents and underwriters may engage in transactions
with, or perform services for, us in the ordinary course of business.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">All securities we may offer, other than common stock, will
be new issues of securities with no established trading market. Any agents or underwriters may make a market in these securities,
but will not be obligated to do so and may discontinue any market making at any time without notice. We cannot guarantee the liquidity
of the trading markets for any securities. There is currently no market for any of the offered securities, other than our common
stock. We have no current plans for listing of the debt securities, preferred stock, warrants or subscription rights on any securities
exchange or quotation system; any such listing with respect to any particular debt securities, preferred stock, warrants or subscription
rights will be described in the applicable prospectus supplement or other offering materials, as the case may be.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Any underwriter may engage in overallotment, stabilizing
transactions, short covering transactions and penalty bids in accordance with Regulation M under the Exchange Act. Overallotment
involves sales in excess of the offering size, which create a short position. Stabilizing transactions permit bids to purchase
the underlying security so long as the stabilizing bids do not exceed a specified maximum. Short covering transactions involve
purchases of the securities in the open market after the distribution is completed to cover short positions. Penalty bids permit
the underwriters to reclaim a selling concession from a dealer when the securities originally sold by the dealer are purchased
in a stabilizing or covering transaction to cover short positions. Those activities may cause the price of the securities to be
higher than it would otherwise be. If commenced, the underwriters may discontinue any of the activities at any time. These transactions
may be effected on any exchange or over-the-counter market or otherwise.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"></P>


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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Any agents and underwriters who are qualified market makers
on The Nasdaq Capital Market may engage in passive market making transactions in the securities on The Nasdaq Capital Market in
accordance with Rule 103 of Regulation M, during the business day prior to the pricing
of the offering, before the commencement of offers or sales of the securities. Passive market makers must comply with applicable
volume and price limitations and must be identified as passive market makers. In general, a passive market maker must display its
bid at a price not in excess of the highest independent bid for such security; if all independent bids are lowered below the passive
market maker&rsquo;s bid, however, the passive market maker&rsquo;s bid must then be lowered when certain purchase limits are exceeded.
Passive market making may stabilize the market price of the securities at a level above that which might otherwise prevail in the
open market and, if commenced, may be discontinued at any time.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">In compliance with guidelines of the Financial Industry Regulatory
Authority, Inc., or FINRA, the maximum compensation to be received by any FINRA member or independent broker dealer may not exceed
8% of the aggregate amount of the securities offered pursuant to this prospectus and any applicable prospectus supplement.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_011"></A><B>LEGAL MATTERS</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Unless otherwise indicated in the applicable prospectus supplement,
certain legal matters in connection with the offering and the validity of the securities offered by this prospectus, and any supplement
thereto, will be passed upon for us by The Doney Law Firm.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="a_012"></A>EXPERTS</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The financial statements incorporated in this Prospectus
by reference to the Annual Report on Form 10-K for the year ended September 30, 2017, have been so incorporated in reliance on
the report of AMC Auditing, an independent registered public accounting firm given on the authority of said firm as experts in
auditing and accounting.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="a_013"></A>WHERE YOU CAN FIND MORE INFORMATION</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">This prospectus is part of a registration statement we filed
with the SEC. This prospectus does not contain all of the information set forth in the registration statement and the exhibits
to the registration statement. For further information with respect to us and the securities we are offering under this prospectus,
we refer you to the registration statement and the exhibits and schedules filed as a part of the registration statement. Neither
we nor any agent, underwriter or dealer has authorized any person to provide you with different information. We are not making
an offer of these securities in any state where the offer is not permitted. You should not assume that the information in this
prospectus is accurate as of any date other than the date on the front page of this prospectus, regardless of the time of delivery
of this prospectus or any sale of the securities offered by this prospectus.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We file annual, quarterly and current reports, proxy statements
and other information with the SEC. You may read and copy the registration statement, as well as any other document filed by us
with the SEC, at the SEC&rsquo;s Public Reference Room at 100 F Street NE, Washington, D.C. 20549. You can also request copies
of these documents by writing to the SEC and paying a fee for the copying cost. You may obtain information on the operation of
the Public Reference Room by calling the SEC at (800) SEC-0330. The SEC maintains a website that contains reports, proxy statements
and other information regarding issuers that file electronically with the SEC, including us. The address of the SEC website is
www.sec.gov.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We maintain a website at www.CleanSpark.com. Information
contained in or accessible through our website does not constitute a part of this prospectus.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.25in"><A NAME="a_014"></A><B>INCORPORATION
OF CERTAIN INFORMATION BY REFERENCE</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The SEC allows us to &ldquo;incorporate by reference&rdquo;
information into this prospectus, which means that we can disclose important information to you by referring you to another document
filed separately with the SEC. The SEC file number for the documents incorporated by reference in this prospectus is 000-53498.
The documents incorporated by reference into this prospectus contain important information that you should read about us.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The following documents are incorporated
by reference into this document:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Our Annual Report on Form 10-K for the fiscal year
ended September 30, 2017, and filed with the SEC on January 16, 2018;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Our Annual Report on Form 10-K/A for the fiscal year
ended September 30, 2017, and filed with the SEC on April 5, 2018;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Our Quarterly Report on Form 10-Q for the quarter
ended December 31, 2017, and filed with the SEC on February 14, 2018; </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Our Quarterly Report on Form 10-Q for the quarter
ended March 31, 2018, and filed with the SEC on May 17, 2018;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Our Quarterly Report on Form 10-Q for the quarter
ended June 30, 2018, and filed with the SEC on August 20, 2018;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Our Current Reports on Form 8-K and Form 8-K/A filed
with the SEC on October 5, 2018, September 25, 2018, September 11, 2018, July 18, 2018, July 17, 2018, July 3, 2018, May 8, 2018
and April 2, 2018; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&#167;</FONT></TD><TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">the description of the our common stock contained
in our registration statement on Form 10 (No. 000-53498), filed with the SEC on November 17, 2008, including any amendments or
reports filed for the purpose of updating such description.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We also incorporate by reference into this prospectus all
documents (other than current reports furnished under Item 2.02, Item 7.01 or Item 8.01 of Form 8-K and exhibits filed on such
form that are related to such items) that are filed by us with the SEC pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange
Act (i) after the date of the initial filing of the registration statement of which this prospectus forms a part and prior to effectiveness
of the registration statement, or (ii) after the date of this prospectus but prior to the termination of the offering. These documents
include periodic reports, such as Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K,
as well as proxy statements. Information in these documents updates and supplements the information provided in this prospectus.
Any statements in these documents will automatically be deemed to modify and supersede any information in any document we previously
filed with the SEC that is incorporated or deemed to be incorporated herein by reference to the extent that statements in the later
filed document modify or replace such earlier statements.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">We will provide to each person, including any beneficial
owner, to whom a prospectus is delivered, without charge upon written or oral request, a copy of any or all of the documents that
are incorporated by reference into this prospectus but not delivered with the prospectus, including exhibits which are specifically
incorporated by reference into such documents. You should direct any requests for documents by writing us at 70 North Main Street,
Ste. 105,</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Bountiful, Utah 84010 or telephoning us at (801) 244-4405.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Any statement contained herein or in a document incorporated
or deemed to be incorporated by reference into this document will be deemed to be modified or superseded for purposes of the document
to the extent that a statement contained in this document or any other subsequently filed document that is deemed to be incorporated
by reference into this document modifies or supersedes the statement.</P>















































































<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
