<SEC-DOCUMENT>0001558370-23-011816.txt : 20230712
<SEC-HEADER>0001558370-23-011816.hdr.sgml : 20230712
<ACCEPTANCE-DATETIME>20230711182440
ACCESSION NUMBER:		0001558370-23-011816
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		5
FILED AS OF DATE:		20230712
DATE AS OF CHANGE:		20230711
EFFECTIVENESS DATE:		20230712

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARGAN INC
		CENTRAL INDEX KEY:			0000100591
		STANDARD INDUSTRIAL CLASSIFICATION:	CONSTRUCTION SPECIAL TRADE CONTRACTORS [1700]
		IRS NUMBER:				131947195
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-273210
		FILM NUMBER:		231082947

	BUSINESS ADDRESS:	
		STREET 1:		ONE CHURCH STREET SUITE 201
		CITY:			ROCKVILLE
		STATE:			MD
		ZIP:			20850
		BUSINESS PHONE:		301 315-0027

	MAIL ADDRESS:	
		STREET 1:		ONE CHURCH STREET SUITE 201
		CITY:			ROCKVILLE
		STATE:			MD
		ZIP:			20850

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PUROFLOW INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ULTRA DYNAMICS CORP
		DATE OF NAME CHANGE:	19830522
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>tmb-20230711xs8.htm
<DESCRIPTION>S-8
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge  9.14.0.96--><!--Created on: 7/11/2023 10:20:31 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="margin-bottom:0.34pt;padding-top:1.0px;border-top:3.0pt solid #000000;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-top:1pt;border-top:1.0pt solid #000000;margin:0pt;"><font style="font-size:4.5pt;visibility:hidden;">&#8203;</font></p></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">As Filed with the Securities and Exchange Commission on July 11, 2023.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><b style="font-weight:bold;">REGISTRATION NO. 333-&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-size:14pt;font-weight:bold;">UNITED STATES SECURITIES AND EXCHANGE COMMISSION</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.44pt 0pt;"><b style="font-weight:bold;">Washington, D.C. 20549</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 5.5pt 0pt;"><b style="font-size:14pt;font-weight:bold;">FORM S-8</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.44pt 0pt;"><b style="font-weight:bold;">REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.15pt 0pt;"><b style="font-size:14pt;font-weight:bold;">ARGAN, INC.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">(Exact Name of Registrant as Specified in Its Charter<b style="font-weight:bold;">)</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:100%;" align="center"><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">Delaware</b></p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">13-1947195</b></p></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.5pt 0pt;">(State or Other Jurisdiction of</p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.5pt 0pt;">(I.R.S. Employer Identification No.) </p></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Incorporation or Organization)</p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:9.5pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:9.5pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">One Church Street, Suite 201</b></p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">Rockville, Maryland</b></p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">20850</b></p></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.55pt 0pt;">(Address of Principal Executive Offices)</p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.55pt 0pt;">(Zip Code)</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Argan, Inc. 2020 Stock Plan</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">(Full Title of Plan)</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">David H. Watson </b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Chief Executive Officer </b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Argan, Inc.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">One Church Street, Suite 201 </b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Rockville, Maryland 20850</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.5pt 0pt;">(Name and Address of Agent for Service)</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:9.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">(301) 315-0027</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;">(Telephone Number, Including Area Code, of Agent for Service)</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Copies of All Communications to: </b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Richard A. Krantz, Esq.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.05pt 0pt;">Culhane Meadows PLLC</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">745 Fifth Avenue, Suite 500</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">New York, New York 10151</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.55pt 0pt;">(646) 632-3730</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0.3pt 0pt;">Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer,&#8221; &#8220;smaller reporting company&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Exchange Act.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:100%;" align="center"><tr style="height:1pt;"><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 4.05pt 0pt;">Large accelerated filer <font style="font-family:'Segoe UI Symbol';">&#9744;</font></p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 4.05pt 0pt;">Accelerated filer <font style="font-family:'Segoe UI Symbol';">&#9746;</font></p></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 4.05pt 0pt;">Non-accelerated filer <font style="font-family:'Segoe UI Symbol';">&#9744;</font></p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 4.05pt 0pt;">Smaller reporting company <font style="font-family:'Segoe UI Symbol';">&#9744;</font></p></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.25pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.25pt 0pt;">Emerging growth company <font style="font-family:'Segoe UI Symbol';">&#9744;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. <font style="font-family:'Segoe UI Symbol';">&#9744;</font></p><div style="padding-bottom:1.0px;border-bottom:3.0pt solid #000000;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-bottom:1pt;text-align:justify;border-bottom:1.0pt solid #000000;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 5.9pt;"><font style="margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="display:none;font-family:'Times New Roman','Times','serif';line-height:0pt;margin:0pt;"><font style="font-size:0pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:10.35%;margin-right:10.35%;margin-top:30pt;page-break-after:always;width:79.3%;border-width:0;"><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">EXPLANATORY NOTE</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font>The Plan, which originally authorized the issuance thereunder of a total number of 500,000 shares of common stock of the Company, par value of $0.15 per share, was first adopted by the Board of Directors of the Company (the &#8220;Board&#8221;) on April 28, 2020 and was approved by the stockholders of the Company on June 23, 2020. A Registration Statement on Form S-8 was filed on June 26, 2020 (Registration Number 333-239461) to register the 500,000 shares of common stock authorized to be issued under the Plan.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">The Board passed resolutions to amend the Plan on April 11, 2023 (the &#8220;First Amendment&#8221;), which was approved by the stockholders of the Company at the Annual Meeting of Stockholders held on June 20, 2023. As a result of the First Amendment, an aggregate of 1,000,000 shares is issuable under the Plan. This Registration Statement relates to the additional 500,000 shares of common stock of the Company that may be offered or sold to participants of the Plan in connection with the First Amendment.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:18pt;text-align:justify;text-indent:-18pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 6pt;"><font style="margin-left:0pt;text-decoration-line:underline;text-decoration-style:solid;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:24pt 0pt 0pt 0pt;">2</p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:10.35%;margin-right:10.35%;margin-top:30pt;page-break-after:always;width:79.3%;border-width:0;"><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">PART I</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.55pt 0pt;"><b style="font-weight:bold;">INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:9.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">The documents containing the information specified in Item 1 and Item 2 of Part I of the Registration Statement on Form S-8 are omitted from this filing in accordance with the provisions of Rule 424 under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), and the introductory note to Part I of Form S-8. The documents containing the information specified in Part I will be sent or given to participants as specified by Rule 428(b)(1) of the Securities Act. These documents and the documents incorporated by reference in this Registration Statement pursuant to Item 3 of Part II of this Registration Statement, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:9.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">PART II</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.55pt 0pt;"><b style="font-weight:bold;">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:9.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">Item 3. Incorporation of Documents by Reference.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">Argan, Inc. (the &#8220;Company&#8221; or the &#8220;Registrant&#8221;) hereby incorporates by reference into this Registration Statement the documents listed in (a) through (d) below, which have previously been filed with the Securities and Exchange Commission (the &#8220;Commission&#8221;):</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;">(a)</p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;"><a style="font-family:&quot;'Times New Roman','Times','serif'&quot;;" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/100591/000155837023006056/agx-20230131x10k.htm"><font style="font-family:'Times New Roman','Times','serif';font-style:normal;font-weight:normal;">The Company&#8217;s Annual Report on Form 10-K for the fiscal year ended January 31, 2023, filed on April&#160;17, 2023</font></a>;</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;">(b)</p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;"><a style="font-family:&quot;'Times New Roman','Times','serif'&quot;;" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/100591/000155837023010910/agx-20230430x10q.htm"><font style="font-family:'Times New Roman','Times','serif';font-style:normal;font-weight:normal;">The Company&#8217;s Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2023, filed on June&#160;8, 2023</font></a>;</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;">(c)</p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;"><a style="font-family:&quot;'Times New Roman','Times','serif'&quot;;" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/100591/000155837023007356/agx-20230620xdef14a.htm"><font style="font-family:'Times New Roman','Times','serif';font-style:normal;font-weight:normal;">The Company&#8217;s Proxy Statement for the 2023 Annual Meeting of Stockholders held on June 20, 2023, filed on May 1, 2023</font></a>; and</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;">(d)</p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;">The Company&#8217;s Current Reports on Form 8-K filed on <a style="font-family:&quot;'Times New Roman','Times','serif'&quot;;" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/100591/000155837023010906/agx-20230608x8k.htm"><font style="font-family:'Times New Roman','Times','serif';font-style:normal;font-weight:normal;">June 8, 2023</font></a> and <a style="font-family:&quot;'Times New Roman','Times','serif'&quot;;" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/100591/000155837023011241/agx-20230620x8k.htm"><font style="font-family:'Times New Roman','Times','serif';font-style:normal;font-weight:normal;">June 20, 2023</font></a>.</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">In addition to the foregoing, all documents subsequently filed by the Company with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), prior to the filing of a post-effective amendment which indicates that all securities offered under this Registration Statement have been sold or which deregisters all securities remaining unsold, shall be deemed to be incorporated by reference into this Registration Statement and to be a part of this Registration Statement from the date of filing of such documents. Any statement contained in a document incorporated by reference in this Registration Statement shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any subsequently filed document that is also incorporated by reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:9.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">Item 4. Description of Securities.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:9.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">Not applicable.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">Item 5. Interests of Named Experts and Counsel.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:9.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">Not applicable.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:9.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:24pt 0pt 0pt 0pt;">3</p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:10.35%;margin-right:10.35%;margin-top:30pt;page-break-after:always;width:79.3%;border-width:0;"><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">Item 6. Indemnification of Directors and Officers.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:9.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">Section 145 of the Delaware General Corporation Law provides that a corporation may indemnify any person, including an officer and director, who was or is, or is threatened to be made, a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of such corporation), by reason of the fact that such person is or was a director, officer, employee or agent of such corporation, or is or was serving at the request of such corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">The indemnity may include expenses (including attorneys&#8217; fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding, provided such person acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of such corporation, and, with respect to any criminal actions and proceedings, had no reasonable cause to believe that his conduct was unlawful. A Delaware corporation may indemnify any person, including an officer or director, who was or is, or is threatened to be made, a party to any threatened, pending or contemplated action or suit by or in the right of such corporation, under the same conditions, except that no indemnification is permitted without judicial approval if such person is adjudged to be liable to such corporation. Where an officer or director of a corporation is successful, on the merits or otherwise, in the defense of any action, suit or proceeding referred to above, or any claim, issue or matter herein, the corporation must indemnify such person against the expenses (including attorneys&#8217; fees) which such officer or director actually and reasonably incurred in connection therewith.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">The Company&#8217;s certificate of incorporation provides that none of the Company&#8217;s directors will be personally liable to the Company or its shareholders for monetary damages for breach of fiduciary duty as a director, except to the extent such exemption from liability or limitation thereof is not permitted under the Delaware General Corporation Law.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:9.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">The Company&#8217;s by-laws provide for indemnification of the Company&#8217;s officers and directors to the fullest extent permitted by applicable law. The Company also maintains directors&#8217; and officers&#8217; liability insurance policies.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">Item 7. Exemption from Registration Claimed.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:9.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">Not applicable.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:9.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">Item 8. Exhibits.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">The following exhibits are included or incorporated herein by reference:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 1.7pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:100%;" align="center"><tr style="height:1pt;"><td style="vertical-align:top;width:12.98%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:top;width:2.78%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:top;width:84.23%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td></tr><tr><td style="vertical-align:top;width:12.98%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Exhibit No.</b></p></td><td style="vertical-align:top;width:2.78%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">&#160;&#160;&#160;&#160;</b></p></td><td style="vertical-align:top;width:84.23%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Description</b></p></td></tr><tr><td style="vertical-align:top;width:12.98%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 6pt 0pt;">3.1</p></td><td style="vertical-align:top;width:2.78%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 6pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:84.23%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 6pt 0pt;"><a style="font-family:&quot;'Times New Roman','Times','serif'&quot;;" href="https://www.sec.gov/Archives/edgar/data/100591/000110465919020681/a19-30120_1ex3d1.htm"><font style="font-family:'Times New Roman','Times','serif';font-style:normal;font-weight:normal;">Certificate of Incorporation, as amended (incorporated by reference to Exhibit 3.1 to the Registrant&#8217;s Annual Report on Form 10-K filed on April 10, 2019).</font></a></p></td></tr><tr><td style="vertical-align:top;width:12.98%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 6pt 0pt;">3.2</p></td><td style="vertical-align:top;width:2.78%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 6pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:84.23%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 6pt 0pt;"><a style="font-family:&quot;'Times New Roman','Times','serif'&quot;;" href="https://www.sec.gov/Archives/edgar/data/100591/000136231009005314/c83814exv3w2.htm"><font style="font-family:'Times New Roman','Times','serif';font-style:normal;font-weight:normal;">Bylaws (incorporated by reference to Exhibit 3.2 to the Registrant&#8217;s Annual Report on Form 10-K filed on April 15, 2009).</font></a></p></td></tr><tr><td style="vertical-align:top;width:12.98%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 6pt 0pt;">4</p></td><td style="vertical-align:top;width:2.78%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 6pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:84.23%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 6pt 0pt;"><a style="font-family:&quot;'Times New Roman','Times','serif'&quot;;" href="https://www.sec.gov/Archives/edgar/data/100591/000110465920057149/tm202049-1_def14a.htm"><font style="font-family:'Times New Roman','Times','serif';font-style:normal;font-weight:normal;">Argan, Inc. 2020 Stock Plan (incorporated by reference to the Registrant&#8217;s Definitive Proxy Statement filed on Schedule 14A with the Commission on May 6, 2020).</font></a></p></td></tr><tr><td style="vertical-align:top;width:12.98%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 6pt 0pt;">5.1</p></td><td style="vertical-align:top;width:2.78%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 6pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:84.23%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 6pt 0pt;"><a style="font-family:&quot;'Times New Roman','Times','serif'&quot;;" href="tmb-20230711xex5d1.htm"><font style="font-family:'Times New Roman','Times','serif';font-style:normal;font-weight:normal;">Opinion of Culhane Meadows PLLC.</font></a></p></td></tr><tr><td style="vertical-align:top;width:12.98%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 6pt 0pt;">23.1</p></td><td style="vertical-align:top;width:2.78%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 6pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:84.23%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 6pt 0pt;"><a style="font-family:&quot;'Times New Roman','Times','serif'&quot;;" href="tmb-20230711xex23d1.htm"><font style="font-family:'Times New Roman','Times','serif';font-style:normal;font-weight:normal;">Consent of Independent Registered Public Accounting Firm.</font></a></p></td></tr><tr><td style="vertical-align:top;width:12.98%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 6pt 0pt;">23.2</p></td><td style="vertical-align:top;width:2.78%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 6pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:84.23%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 6pt 0pt;"><a style="font-family:&quot;'Times New Roman','Times','serif'&quot;;" href="tmb-20230711xex5d1.htm"><font style="font-family:'Times New Roman','Times','serif';font-style:normal;font-weight:normal;">Consent of Culhane Meadows PLLC (included in Exhibit 5.1).</font></a></p></td></tr><tr><td style="vertical-align:top;width:12.98%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.3pt 0pt;">24.1</p></td><td style="vertical-align:top;width:2.78%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.3pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:84.23%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 6pt 0pt;"><a href="#POWEROFATTORNEY_343212"><font style="font-style:normal;font-weight:normal;">Power of Attorney (included on the signature page hereof).</font></a></p></td></tr><tr><td style="vertical-align:top;width:12.98%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 0.3pt 0pt;">107.1</p></td><td style="vertical-align:top;width:2.78%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.3pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:84.23%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.3pt 0pt;"><a style="font-family:&quot;'Times New Roman','Times','serif'&quot;;" href="tmb-20230711xexfilingfees.htm"><font style="font-family:'Times New Roman','Times','serif';font-style:normal;font-weight:normal;">Filing Fee Table.</font></a></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:24pt 0pt 0pt 0pt;">4</p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:10.35%;margin-right:10.35%;margin-top:30pt;page-break-after:always;width:79.3%;border-width:0;"><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">Item 9. Undertakings.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:9.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">The undersigned Registrant hereby undertakes:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:9.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">1.</font></font>To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">(i)</font></font>To include any prospectus required by Section 10(a)(3) of the Securities Act;</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">(ii)</font></font>To reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the &#8220;Calculation of Registration Fee&#8221; table in the effective Registration Statement; and</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">(iii)</font></font>To include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement;</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><i style="font-style:italic;">provided, however, </i>that paragraphs 1(i) and (1)(ii) do not apply if this Registration Statement is on Form S-8, and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:9.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">2.</font></font>That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:9.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">3.</font></font>To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">4.</font></font>That, for the purpose of determining liability of the Registrant under the Securities Act to any purchaser in the initial distribution of the securities, the undersigned Registrant undertakes that in a primary offering of securities of the undersigned Registrant pursuant to this Registration Statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned Registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">(i)</font></font>Any preliminary prospectus or prospectus of the undersigned Registrant relating to the offering required to be filed pursuant to Rule 424;</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:9.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">(ii)</font></font>Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned Registrant or used or referred to by the undersigned Registrant;</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">(iii)</font></font>The portion of any other free writing prospectus relating to the offering containing material information about the undersigned Registrant or its securities provided by or on behalf of the undersigned Registrant; and</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:9.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">(iv)</font></font>Any other communication that is an offer in the offering made by the undersigned Registrant to the purchaser.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:24pt 0pt 0pt 0pt;">5</p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:10.35%;margin-right:10.35%;margin-top:30pt;page-break-after:always;width:79.3%;border-width:0;"><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">5.</font></font>The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant&#8217;s annual report pursuant to section 13(a) or section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan&#8217;s annual report pursuant to section 15(d) of the Exchange Act) that is incorporated by reference in this Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">6.</font></font>Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:24pt 0pt 0pt 0pt;">6</p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:10.35%;margin-right:10.35%;margin-top:30pt;page-break-after:always;width:79.3%;border-width:0;"><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">SIGNATURES</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Rockville, State of Maryland on July 11, 2023.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:100%;" align="center"><tr style="height:1pt;"><td style="vertical-align:top;width:50.06%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:top;width:2.97%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:top;width:46.96%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td></tr><tr><td style="vertical-align:top;width:50.06%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:49.93%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">ARGAN, INC.</p></td></tr><tr><td style="vertical-align:top;width:50.06%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:2.97%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:46.96%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:50.06%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:2.97%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">By:</p></td><td style="vertical-align:top;width:46.96%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><i style="font-style:italic;">/s</i><font style="font-style:italic;font-weight:bold;">/ </font><i style="font-style:italic;">David H. Watson</i></p></td></tr><tr><td style="vertical-align:top;width:50.06%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:2.97%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:46.96%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">David H. Watson</p></td></tr><tr><td style="vertical-align:top;width:50.06%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:2.97%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:46.96%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">President and Chief Executive Officer</p></td></tr><tr><td style="vertical-align:top;width:50.06%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:2.97%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:46.96%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:50.06%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:2.97%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">By:</p></td><td style="vertical-align:top;width:46.96%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><i style="font-style:italic;">/s</i><font style="font-style:italic;font-weight:bold;">/ </font><i style="font-style:italic;">Richard H. Deily</i></p></td></tr><tr><td style="vertical-align:top;width:50.06%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:2.97%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:46.96%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Richard H. Deily</p></td></tr><tr><td style="vertical-align:top;width:50.06%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:2.97%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:46.96%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:8.05pt;text-indent:-8.05pt;margin:0pt;">Senior Vice President, Chief Financial Officer, Treasurer and Corporate Secretary</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">POWER OF ATTORNEY<a name="POWEROFATTORNEY_343212"></a></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints David H. Watson and Richard H. Deily, and each of them, as his true and lawful attorneys-in-fact and agents, with full power of substitution and re-substitution, for him and in his name, place, and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments, exhibits thereto and other documents in connection therewith) to this Registration Statement, and to file the same, with all exhibits thereto, and other documents in connection therewith (including any registration statement relating to this Registration Statement and filed pursuant to Rule 462(b) of the Securities Act of 1933, as amended), with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or either of them, or their or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:9.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">Pursuant to the requirements of the Securities Act, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;table-layout:auto;width:100%;" align="center"><tr style="height:1pt;"><td style="vertical-align:top;width:31.94%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Cynthia A. Flanders</p></div></div></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td></tr><tr><td style="vertical-align:top;width:31.94%;border-bottom:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">SIGNATURE</b></p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt;">&#160;&#160;&#160;&#160;</p></td><td style="vertical-align:top;width:49.14%;border-bottom:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">TITLE</b></p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;margin:0pt;">&#160;&#160;&#160;&#160;</p></td><td style="vertical-align:top;width:11.91%;border-bottom:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">DATE</b></p></td></tr><tr><td style="vertical-align:top;width:31.94%;border-bottom:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:6pt 0pt 0pt 0pt;"><i style="font-style:italic;">/s/ David H. Watson</i></p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:6pt 0pt 0pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:6pt 0pt 0pt 0.25pt;">President and Chief Executive Officer, Director</p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:6pt 0pt 0pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:6pt 0pt 0pt 0pt;">July 11, 2023</p></td></tr><tr><td style="vertical-align:top;width:31.94%;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">David H. Watson</p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 0.25pt;">(Principal Executive Officer)</p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:31.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 0.25pt;"><font style="margin-left:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:31.94%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><i style="font-style:italic;">/s/ Richard H. Deily</i></p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 0.25pt;">Chief Financial Officer</p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">July 11, 2023</p></td></tr><tr><td style="vertical-align:top;width:31.94%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Richard H. Deily</p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 0.25pt;">(Principal Accounting and Financial Officer)</p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:31.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 0.25pt;"><font style="margin-left:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:31.94%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><i style="font-style:italic;">/s/ William F. Leimkuhler</i></p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Chairman of the Board of Directors</p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">July 11, 2023</p></td></tr><tr><td style="vertical-align:top;width:31.94%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">William F. Leimkuhler</p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:31.94%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><i style="font-style:italic;">/s/ Rainer H. Bosselmann</i></p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 0.25pt;"><font style="margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 0.25pt;">Director</p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">July 11, 2023</p></td></tr><tr><td style="vertical-align:top;width:31.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Rainer H. Bosselmann</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 0.25pt;"><font style="margin-left:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:31.94%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><i style="font-style:italic;">/s/ Cynthia A. Flanders</i></p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 0.25pt;">Director</p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">July 11, 2023</p></td></tr><tr><td style="vertical-align:top;width:31.94%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Cynthia A. Flanders</p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 0.25pt;"><font style="margin-left:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:31.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 0.25pt;"><font style="margin-left:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:31.94%;border-bottom:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><i style="font-style:italic;">/s/ Peter W. Getsinger</i></p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 0.15pt;">Director</p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">July 11, 2023</p></td></tr><tr><td style="vertical-align:top;width:31.94%;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Peter W. Getsinger</p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:31.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:24pt 0pt 0pt 0pt;">7</p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:10.35%;margin-right:10.35%;margin-top:30pt;page-break-after:always;width:79.3%;border-width:0;"><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;table-layout:auto;width:100%;" align="center"><tr><td style="vertical-align:top;width:31.94%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><i style="font-style:italic;">/s/ William F. Griffin</i></p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 0.15pt;">Director</p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">July 11, 2023</p></td></tr><tr><td style="vertical-align:top;width:31.94%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">William F. Griffin</p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:31.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:31.94%;border-bottom:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><i style="font-style:italic;">/s/ John R. Jeffrey</i></p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 0.25pt;">Director</p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">July 11, 2023</p></td></tr><tr><td style="vertical-align:top;width:31.94%;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">John R. Jeffrey</p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:31.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:31.94%;border-bottom:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><i style="font-style:italic;">/s/ Mano S. Koilpillai</i></p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 0.25pt;">Director</p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">July 11, 2023</p></td></tr><tr><td style="vertical-align:top;width:31.94%;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Mano S. Koilpillai</p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:31.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:31.94%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><i style="font-style:italic;">/s/ W.G. Champion Mitchell</i></p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Director</p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">July 11, 2023</p></td></tr><tr><td style="vertical-align:top;width:31.94%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">W.G. Champion Mitchell</p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:31.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:31.94%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><i style="font-style:italic;">/s/ James W. Quinn</i></p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Director</p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">July 11, 2023</p></td></tr><tr><td style="vertical-align:top;width:31.94%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">James W. Quinn</p></td><td style="vertical-align:top;width:3.28%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:49.14%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:3.7%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:11.91%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:24pt 0pt 0pt 0pt;">8</p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-left:10.35%;margin-right:10.35%;margin-top:30pt;page-break-after:avoid;width:79.3%;border-width:0;"></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>tmb-20230711xex5d1.htm
<DESCRIPTION>EX-5.1
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge  9.14.0.96--><!--Created on: 7/11/2023 10:20:31 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;min-height:63.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 0pt 0pt 36pt;"><b style="font-weight:bold;">Exhibit 5.1</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="height:0pt;position:relative;width:100%;"><div style="height:63.25pt;left:0%;position:absolute;top:0pt;width:189.9pt;z-index:251658240;"><div style="height:63.25pt;left:0pt;padding-bottom:0pt;position:relative;width:189.9pt;"><img src="tmb-20230711xex5d1001.jpg" alt="Graphic" style="height:63.25pt;width:189.9pt;"></div></div></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><b style="font-family:'Calibri','Helvetica','sans-serif';font-size:10.5pt;font-weight:bold;">Richard A. Krantz</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="font-family:'Calibri','Helvetica','sans-serif';">Partner</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="font-family:'Calibri','Helvetica','sans-serif';">745 Fifth Avenue, Suite 500</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="font-family:'Calibri','Helvetica','sans-serif';">New York, New York 10151</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="font-family:'Calibri','Helvetica','sans-serif';white-space:pre-wrap;"> (646) 632-3730 </font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Calibri','Helvetica','sans-serif';font-size:10pt;font-style:normal;font-weight:normal;"> </font></font><font style="display:inline-block;width:36pt;"></font><font style="font-family:'Calibri','Helvetica','sans-serif';white-space:pre-wrap;">                                                                                                </font><font style="font-family:'Calibri','Helvetica','sans-serif';">rkrantz@cm.law</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;margin:14pt 0pt 0pt 324pt;"><font style="margin-left:0pt;text-decoration-line:underline;text-decoration-style:solid;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;">July 11, 2023</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;">Argan,&#160;Inc.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;">One Church Street, Suite&#160;201</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;">Rockville, MD 20850</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;">&#160;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;">Re:&#160;</font><u style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Registration Statement on Form&#160;S-8</u><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;">&#160;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;">Ladies and Gentlemen:</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;">&#160;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:48.95pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;">We have acted as counsel to Argan,&#160;Inc., a Delaware corporation (the &#8220;Company&#8221;), in connection with the Registration Statement on Form&#160;S-8 (the &#8220;Registration Statement&#8221;), filed with the Securities and Exchange Commission on June&#160;11, 2023, with respect to the registration under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), of up to an aggregate offering by the Company of&#160;500,000 shares of common stock, $0.15 par value (&#8220;Common Stock&#8221;) .</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;">&#160;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:48.95pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;">This opinion is being delivered in accordance with the requirements of Item&#160;601(b)(5)&#160;of Regulation&#160;S-K.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;">&#160;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:48.95pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;">We have examined originals or certified copies of such certificates of public officials and have made such other legal investigations as we have deemed relevant and necessary as the basis for the opinions set forth below. In such examination, we have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as conformed or photostatic copies and the authenticity of the originals of such copies.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;">&#160;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:48.95pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;">Based upon our foregoing examination, subject to the assumptions stated above and relying on the statements of fact contained in the documents that we have examined, we are of the opinion that&#160;the Common Stock has been duly authorized for issuance by all necessary corporate action on the part of the Company and, when issued by the Company in the manner described in the Registration Statement, will be validly issued, fully paid and non-assessable.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;">&#160;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:48.95pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;">We are qualified to practice law only in the State of New York. We are not qualified and do not express any opinion herein as to the laws of any other jurisdiction, except the federal laws of the United States and, to the extent required by the foregoing opinion, the Delaware General Corporation Law.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;">&#160;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:always;width:76.47%;border-width:0;"><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:48.95pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;">We hereby consent to the filing of this opinion as an exhibit to the Company&#8217;s Registration Statement on Form&#160;S-8 as originally filed or subsequently amended. In giving this consent, we do not thereby admit that we are within the category of persons whose consent is required under Section&#160;7 of the Securities Act, or the rules&#160;and regulations of the Securities and Exchange Commission.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:48.95pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:48.95pt;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:48.95pt;margin:0pt;"><font style="display:inline-block;text-indent:0pt;width:23.05pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="display:inline-block;width:36pt;"></font><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;visibility:hidden;">&#8203;</font></p><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:204.8%;"><tr><td style="vertical-align:top;width:100%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 288pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;">Very truly yours,</font></p></td></tr><tr><td style="vertical-align:top;width:100%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 288pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;">&#160;</font></p></td></tr><tr><td style="vertical-align:top;width:100%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 288pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;">/s/ Culhane Meadows PLLC</font></p></td></tr><tr><td style="vertical-align:top;width:100%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 288pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;">Culhane Meadows PLLC</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:avoid;width:76.47%;border-width:0;"></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>3
<FILENAME>tmb-20230711xex23d1.htm
<DESCRIPTION>EX-23.1
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge  9.14.0.96--><!--Created on: 7/11/2023 10:20:31 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 0pt 0pt 36pt;"><b style="font-weight:bold;">Exhibit 23.1</b></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;font-weight:bold;text-align:center;margin:36pt 0pt 24pt 0pt;">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;text-align:justify;margin:0pt 0pt 8pt 0pt;">We have issued our reports dated April 17, 2023 with respect to the consolidated financial statements and internal control over financial reporting of Argan, Inc. included in the Annual Report on Form 10-K for the year ended January 31, 2023, which are incorporated by reference in this Registration Statement. We consent to the incorporation by reference of the aforementioned reports in this Registration Statement.</p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;margin:18pt 0pt 18pt 0pt;">/s/ GRANT THORNTON LLP</p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;text-align:justify;margin:0pt;">Arlington, Virginia</p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;text-align:justify;margin:0pt 0pt 8pt 0pt;">July 11, 2023</p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-left:11.76%;margin-right:11.76%;margin-top:30pt;page-break-after:avoid;width:76.47%;border-width:0;"></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-FILING FEES
<SEQUENCE>4
<FILENAME>tmb-20230711xexfilingfees.htm
<DESCRIPTION>EX-FILING FEES
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge  9.14.0.96--><!--Created on: 7/11/2023 10:20:31 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:9.09%;padding-right:9.09%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 0pt 0pt 36pt;"><b style="font-weight:bold;">Exhibit 107.1</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 0pt 0pt 36pt;"><font style="font-weight:bold;margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 6pt 0pt;"><b style="font-weight:bold;">Calculation of Filing Fee Tables</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 6pt 0pt;"><b style="font-weight:bold;">Form S-8</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 6pt 0pt;"><b style="font-weight:bold;">Argan, Inc.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Table 1: Newly Registered Securities</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:99.92%;" align="center"><tr style="height:49.9pt;"><td style="vertical-align:bottom;width:10.38%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:3pt 0pt 0pt 0pt;"><b style="font-weight:bold;">Security Type</b></p></td><td style="vertical-align:bottom;width:14.57%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:3pt 0pt 0pt 0pt;"><b style="font-weight:bold;">Security Class Title</b></p></td><td style="vertical-align:bottom;width:21.55%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:3pt 0pt 0pt 0pt;"><b style="font-weight:bold;">Fee Calculation Rule</b></p></td><td style="vertical-align:bottom;width:11.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:3pt 0pt 0pt 0pt;"><b style="font-weight:bold;">Amount</b><b style="font-weight:bold;"><br></b><b style="font-weight:bold;">Registered</b></p></td><td style="vertical-align:bottom;width:11.81%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:3pt 0pt 0pt 0pt;"><b style="font-weight:bold;">Proposed</b><b style="font-weight:bold;"><br></b><b style="font-weight:bold;">Maximum</b><b style="font-weight:bold;"><br></b><b style="font-weight:bold;">Offering Price</b><b style="font-weight:bold;"><br></b><b style="font-weight:bold;">Per Share</b></p></td><td style="vertical-align:bottom;width:11.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:3pt 0pt 0pt 0pt;"><b style="font-weight:bold;">Proposed Maximum</b><b style="font-weight:bold;"><br></b><b style="font-weight:bold;">Aggregate</b><b style="font-weight:bold;"><br></b><b style="font-weight:bold;">Offering Price</b></p></td><td style="vertical-align:bottom;width:9.72%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:3pt 0pt 0pt 0pt;"><b style="font-weight:bold;">Fee Rate</b></p></td><td style="vertical-align:bottom;width:9.69%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:3pt 0pt 0pt 0pt;"><b style="font-weight:bold;">Amount Of</b><b style="font-weight:bold;"><br></b><b style="font-weight:bold;">Registration Fee</b></p></td></tr><tr style="height:26.5pt;"><td style="vertical-align:middle;width:10.38%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 3pt 0pt;">Equity</p></td><td style="vertical-align:middle;width:14.57%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Common<font style="letter-spacing:-0.2pt;"> </font>Stock,<font style="letter-spacing:-0.15pt;"> </font>par<font style="letter-spacing:-0.15pt;"> </font>value<font style="letter-spacing:-0.15pt;"> </font>$0.15<font style="letter-spacing:-0.2pt;"> </font>per<font style="letter-spacing:-0.1pt;"> share</font></p></td><td style="vertical-align:middle;width:21.55%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Rule 457(c) and Rule 457(h)</p></td><td style="vertical-align:middle;width:11.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">500,000 <sup style="font-size:7.5pt;vertical-align:top;">(1)</sup></p></td><td style="vertical-align:middle;width:11.81%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="letter-spacing:-0.5pt;">$38.80 </font><sup style="font-size:7.5pt;letter-spacing:-0.5pt;vertical-align:top;">(2)</sup></p></td><td style="vertical-align:middle;width:11.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="letter-spacing:-0.5pt;">$19,400,000</font></p></td><td style="vertical-align:middle;width:9.72%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">$0.00011020</p></td><td style="vertical-align:middle;width:9.69%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="letter-spacing:-0.5pt;">$2,137.88</font></p></td></tr><tr style="height:14.4pt;"><td colspan="4" style="vertical-align:middle;width:57.64%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">Total Offering Amounts</b></p></td><td style="vertical-align:middle;width:11.81%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="letter-spacing:-0.5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:11.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="letter-spacing:-0.5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:9.72%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:9.69%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="letter-spacing:-0.5pt;">$2,137.88</font></p></td></tr><tr style="height:14.4pt;"><td colspan="4" style="vertical-align:middle;width:57.64%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">Total Fee Offsets </b><sup style="font-size:7.5pt;font-weight:bold;vertical-align:top;">(3)</sup></p></td><td style="vertical-align:middle;width:11.81%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="letter-spacing:-0.5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:11.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="letter-spacing:-0.5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:9.72%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:9.69%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="letter-spacing:-0.5pt;white-space:pre-wrap;">          &#8212;</font></p></td></tr><tr style="height:14.4pt;"><td colspan="4" style="vertical-align:middle;width:57.64%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">Net Fee Due</b></p></td><td style="vertical-align:middle;width:11.81%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="letter-spacing:-0.5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:11.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="letter-spacing:-0.5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:9.72%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:9.69%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="letter-spacing:-0.5pt;">$2,137.88</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;text-align:justify;">(1)</p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;text-align:justify;">The estimated maximum aggregate number of additional shares of common stock of Argan, Inc. (the &#8220;Registrant&#8221;) available for issuance under the Argan, Inc. 2020 Stock Plan (the &#8220;Plan&#8221;). The amended Plan was approved at the Registrant&#8217;s Annual Meeting of Stockholders held on June 20, 2023 to include these additional issuable shares. Pursuant to Rule 416 of the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), this Registration Statement shall also cover an additional indeterminate number of shares of common stock of the Registrant as may be required pursuant to the Plan in the event of a stock dividend, stock split, recapitalization or other similar transaction without the receipt of consideration which results in an increase in the number of the Registrant&#8217;s outstanding shares of common stock.</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:9.5pt;visibility:hidden;">&#8203;</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;text-align:justify;">(2)</p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;text-align:justify;">Estimated in accordance with Rule 457(c) under the Securities Act solely for purposes of calculating the registration fee. The maximum price per share of common stock and the maximum aggregate offering price are based on the sale price of the Registrant&#39;s common stock as reported on the New York Stock Exchange (&#8220;NYSE&#8221;) on July 6, 2023, which date is within five business days prior to filing this Registration Statement.</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:18pt;text-align:justify;text-indent:-18pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;text-align:justify;">(3)</p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;text-align:justify;">The Registrant does not have any fee offsets.</p></td></tr></table></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-left:9.09%;margin-right:9.09%;margin-top:30pt;page-break-after:avoid;width:81.82%;border-width:0;"></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>tmb-20230711xex5d1001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tmb-20230711xex5d1001.jpg
M_]C_X  02D9)1@ ! @   0 !  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1" !_ 7P# 2(  A$! Q$!_\0
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M&^E$EE<_-'*$#;0X[C@9'>OWB\,^#]!\&6/V/P_HNG:':'!,&FVL=NA/^Z@
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M3[?6]&=)_/N2=K*L/!* \;PQS@\8YKNPN!Q&-YOJ\.;E5WY(F4E'<^H/B_\
M\DN\5_\ 8,N/_1;5^,?_  2Z_P"3R?"O_7I>_P#I,]?LY\7CGX6^*_\ L&7'
M_HMJ_&/_ ()=?\GD^%?^O2]_])GK[;A[_D4X_P#P_P#MK.:K_$@?N6.E5]1_
MX\+C_KFW\JL#I5?4?^/"X_ZYM_*OSQ;G6?"'_!+7_D)?'#_L9F_]#EK[XKX'
M_P""6O\ R$OCA_V,S?\ H<M??%?0<0?\C*K_ -N_^DHQI? C\]_^"R7_ "1O
MP=_V&#_Z*:NA_P""0G_)M>H_]AJ;_P!!6N>_X+)?\D;\'?\ 88/_ **:NA_X
M)"?\FUZC_P!AJ;_T%:^BG_R2T?\ '^K,O^7Y]ST44QYHXV57=59CA02 3]*_
M/#K%?[IK\!_!_B+3?"?[;T.L:Q>PZ=IEGXKEFN+JX;:D2"5LLQ]*_?A_NFOP
M%\)^&M+\8_MMQZ+K5E'J.E7WBN:&XM9<[94,K94X(-?HO"/+R8OGVY-;?,Y*
M_P!FQ^Q*_MP_ 8#'_"U/#?\ X%__ %JR_%/[;'P*O?#6K6\/Q1\.232VDR(@
MNN68H0 ./6IE_8&_9^(S_P *NT;\YO\ XNLSQ1^PA\ [#PWJMQ!\,=&CFBM)
M71P9?E8(2#]_UKYV']C<RM[7_P D-?WGD?EW^P%-'<_ML>%I8G$D;WEPRLO0
M@AB#7[KCI7X3_L P1VO[:_A6&)0D4=Y<*JCH  P K]V!TKW.,_\ ?J=OY%^;
M,\/\+%KY&_X*4_$Z[\*_!"W\&Z,Y/B+QO>QZ1:Q(?G*%AO(].JC\37UP>*_*
MG]I/XZ:EXH_;KL]4T?P'K7Q+T3X<@0+I>B122#[3SEW9(WP Q.,CG ]*\/(<
M*\1C%4M=4TY=KM;*[TU=C2K*T;=S?_;Z_9-M?!?[(/@"\TBV7[9X)ACM;QU7
MYGBE'SLQ]I/_ $*NR_X)"?&;_A)?A=K?@"\N-]YX?N/M%JCMR;:4YP/HP8>P
MQ5#XD_MS^-?B;X!U[PKJ?[*_CLV6K6<EHY,=PVS<.&Q]DY(.#^%?%?[#OQ1O
M/V?OVJM#&K0W.DVM[<'1M2M+Q&CDB$A 4.K $,K[>H&,FOMZ>#Q>-R:OAL6O
M?BW..J?F]F_-?,YG*,:B<=C]Z:*:CB1%92"I&00<YIU?DIWGP!^UM_RD-_9]
M_P"N)_\ 0IJ^?O\ @IG^Q])\*/%G_"U/!UJ\/AO5;@-?PVJE1I]V3G>N/NHY
M&0>S9'I7T#^UM_RD-_9]_P"N)_\ 0IJ^Y/&/@_2?'_A34_#NNV4>H:1J5NUO
M<V\@R'1A^A'4'L0#7WU/-*F5?4JT=8N%I+NN:7X]CE<%4YEYGRG_ ,$Z/VPX
M_P!H/X?CPQXBNE_X3O0(52<N<-?0#A9P.YZ!O0\]"*Y3_@K+_P B3\,/^QF3
M^2U\(?&#X<>-?^"?/[2]I?Z+<RB"VG^VZ/J!&([VU)P8I/7C*.OKR.QKZC_;
M<^.^@_M%_L[_  ;\8:#( MQXDC2[LV;,EI<!5WQ/[@]#W!!'6O5>5TZ&:8?'
MX/6C4;:MT;3T_P ON,^=N#A+='Z9Z3_R"[/_ *XI_P"@BK1Z&JND_P#(*L_^
MN*?^@BK1Z&ORU[L[C\)/^"F/_)Y'CC_=M/\ TFCK]58_VW?@7X5\$6UU=_$[
MP_.;6T3?;6-T+B=B$'RK&F6)XQT^N*_*K_@IC_R>1XX_W;3_ -)HZ_3M/^">
M_P  ?%/@JW@F^'MG8S75I&3>V$\T,\;% =ZMO(SDYY!![@U^IYO]2>78#ZZY
M6Y=.6W:-[W.&GS<\N4\:_P""=?QKO/CQ^T3\>?%3RW4>F7[V<UC93RLPMX?,
MG5!MS@':JYQWK]!J_.+_ ()F?"^X^"_[0WQ\\%7,AF;1GL[9)FX,L8DN#&^.
MVY2I_&OT=KY#B)4HYA)4/@Y86].56.BE?DU"BBBOFC8**** "BBB@ HHHH X
M#XX?!+PQ^T!\/=0\(>*[3[1870W1S1X$UK*/N2Q-_"RY^A!(.02*_$C]J3]A
M[X@_LRZO<SWEC+KW@\N?LWB.QA)AV]A,HR87]FX/8FOWVJ*ZM8;VWD@N(DG@
MD4H\<BAE=3U!!X(]J^FR;/\ $Y/)QC[T'O%_FGT9C4I*IZG\X?P7^.GC/X >
M+X?$?@S5Y-,O5^2:(C?!<QYR8Y8SPZG\QU!!YK]./@Y_P6#\"Z_8PVWQ%T"_
M\*ZH% DO-,0WEDY[MMSYB?3#_6O9_BI_P3;^!?Q1N)KP^%W\+ZC*26NO#DWV
M0$GOY6#%U]$%?/6O_P#!%KP_/(S:)\3M3LH_X8]0TJ.X/XLDD?\ *OLL5FO#
M^<I2QD7"?>SO]ZO?YHYXPJT_AU/J+3O^"@7[/FJ6XFB^)VE1J1]VYCGA8?\
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M>AUPXW.Z?U=X++:?LZ3W_FEZO_@O[M"XTW?FF[LQ/&VB-XC\(:SI<?#WEG+
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M:*SL[>-8H;>! B1H!@*H'  ':JWB/3+G6M!U"QL]0DTJZN('BBO81EX&(P'
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M,[4&/>1E(_W37+E>"_M#&4\.W9-ZOLEJ_P "IRY(MGOO_#Q3]G7_ **;9?\
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M2_\ Q%'_  U_\'?^A\T[_OB7_P"(KE?^&!/@_P#] ;4/_!G-_C1_PP)\'_\
MH#:A_P"#.;_&CFS7^6'WR#V/ /\ S]Q7_@-(ZK_AK_X._P#0^:=_WQ+_ /$4
M?\-?_!W_ *'S3O\ OB7_ .(KE?\ A@3X/_\ 0&U#_P &<W^-'_# GP?_ .@-
MJ'_@SF_QHYLU_EA]\@]CP#_S]Q7_ (#2.J_X:_\ @[_T/FG?]\2__$4?\-?_
M  =_Z'S3O^^)?_B*Y7_A@3X/_P#0&U#_ ,&<W^-'_# GP?\ ^@-J'_@SF_QH
MYLU_EA]\@]CP#_S]Q7_@-(ZK_AK_ .#O_0^:=_WQ+_\ $4?\-?\ P=_Z'S3O
M^^)?_B*Y7_A@3X/_ /0&U#_P9S?XT?\ # GP?_Z VH?^#.;_ !HYLU_EA]\@
M]CP#_P _<5_X#2.J_P"&O_@[_P!#YIW_ 'Q+_P#$4?\ #7_P=_Z'S3O^^)?_
M (BN5_X8$^#_ /T!M0_\&<W^-'_# GP?_P"@-J'_ (,YO\:.;-?Y8??(/8\
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MVE8?^&B/^"@'PQ^&<?[_ $7P= -;U6/.5#Y67##T.(%_X$:_0%$"(%4!0!@
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M"#6>5YI5RNHY07-&2M*+V:'."FM3Y ^!_P#P4Y^#_P 1O#5JWBC78O WB)$
MNK'5%<1;QU,<P!4J3TS@^U<E^TS_ ,%/O GASPM>:)\*]0;QEXROD-O;7%E
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HY7G8C,J4<&\!@HN,&[R<FG*3Z;622*4'S<TMPHHHKYTV"BBB@#__V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
