<SEC-DOCUMENT>0001193125-12-472544.txt : 20121115
<SEC-HEADER>0001193125-12-472544.hdr.sgml : 20121115
<ACCEPTANCE-DATETIME>20121115160202
ACCESSION NUMBER:		0001193125-12-472544
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		8
CONFORMED PERIOD OF REPORT:	20121114
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20121115
DATE AS OF CHANGE:		20121115

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WisdomTree Investments, Inc.
		CENTRAL INDEX KEY:			0000880631
		STANDARD INDUSTRIAL CLASSIFICATION:	 [6221]
		IRS NUMBER:				133487784
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10932
		FILM NUMBER:		121208729

	BUSINESS ADDRESS:	
		STREET 1:		380 MADISON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		212-801-2080

	MAIL ADDRESS:	
		STREET 1:		380 MADISON AVENUE
		STREET 2:		21ST FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INDEX DEVELOPMENT PARTNERS INC
		DATE OF NAME CHANGE:	20020812

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FINANCIAL DATA SYSTEMS
		DATE OF NAME CHANGE:	19951120

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INDIVIDUAL INVESTOR GROUP INC
		DATE OF NAME CHANGE:	19951120
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d440337d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>UNITED STATES </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3"><B>Washington, D.C. 20549 </B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>Form 8-K
</B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="4"><B>CURRENT REPORT </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3"><B>Pursuant to Section&nbsp;13 or 15(d) of the </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Securities Exchange Act of
1934 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Date of Report (Date of earliest event reported): November&nbsp;14, 2012 </B></FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="6"><B>WisdomTree Investments, Inc. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>(Exact name of registrant as specified in its charter) </B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Commission
File Number: 001-10932 </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Delaware</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>13-3487784</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(State or other jurisdiction</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>of incorporation)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(IRS Employer</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>Identification No.)</B></FONT></P></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>380 Madison Avenue </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>21st Floor </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>New York, NY 10017 </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Address of principal executive offices, including zip code) </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>(212) 801-2080 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>(Registrant&#146;s telephone number, including area code) </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Former name or former address, if changed since last report) </B></FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></TD></TR></TABLE>
<P STYLE="font-size:8px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;1.01.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Entry into a Material Definitive Agreement </B></FONT></TD></TR></TABLE>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">On November&nbsp;14, 2012, we and certain of our existing stockholders entered into an underwriting agreement (the &#147;Underwriting Agreement&#148;)
with Merrill Lynch, Pierce, Fenner&nbsp;&amp; Smith Incorporated, Barclays Capital Inc. and Citigroup Global Markets Inc., as representatives of the several underwriters named therein (the &#147;Underwriters&#148;), relating to the sale by certain
existing stockholders of 26,000,000 shares of our common stock, par value $0.01 per share. The price to the public in this offering was $6.10 per share. The Underwriters have a 30-day option to purchase up to an additional 3,868,185 shares from
certain of the selling stockholders. WisdomTree will not receive any proceeds from this offering, and is not issuing any new shares; therefore, its total number of shares outstanding will not change as a result of the offering. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Underwriting Agreement contains customary representations, warranties and agreements by us and the selling stockholders, customary conditions to
closing, indemnification obligations of WisdomTree, the selling stockholders and the Underwriters, including for liabilities under the Securities Act of 1933, as amended, other obligations of the parties and termination provisions. The
representations, warranties and covenants contained in the Underwriting Agreement were made only for purposes of such agreement and as of specific dates, were solely for the benefit of the parties to such agreement, and may be subject to limitations
agreed upon by the contracting parties. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The offering was made pursuant to our effective registration statement on Form S-3 (Registration
Statement No.&nbsp;333-184505) previously filed with the Securities and Exchange Commission (the &#147;SEC&#148;) and a prospectus supplement thereunder. The Underwriting Agreement is filed as Exhibit 1.1 to this report and is incorporated by
reference herein. The foregoing description of the terms of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to such exhibit. A copy of the opinion of Goodwin Procter LLP relating to the
legality of the sale of the shares in the offering is attached as Exhibit 5.1 hereto. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">On November&nbsp;12, 2012, we issued a press release
announcing that the selling stockholders had commenced the offering. On November&nbsp;14, 2012, we issued a press release announcing that the selling stockholders had priced the offering. These press releases are attached as Exhibits 99.1 and 99.2
hereto, respectively, and are incorporated by reference herein. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Forward-Looking Statements </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">This report contains forward-looking statements that are subject to a number of risks and uncertainties, including statements relating to our expectations
with respect to the completion, timing and size of the offering. Additional risks and uncertainties relating to the offering, the Company and its business can be found under the heading &#147;Risk Factors&#148; in the Company&#146;s preliminary
prospectus supplement related to the offering filed with the SEC on November&nbsp;13, 2012, and in our other filings with the SEC. Except as required by law, we undertake no obligation to revise or update information herein to reflect events or
circumstances in the future, even if new information becomes available. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;9.01 Financial Statements and Exhibits </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>(d) Exhibits </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="94%"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Exhibit<BR>No.</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Description</B></FONT></TD></TR>


<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;1.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Underwriting Agreement, dated November 14, 2012.</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;5.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Opinion of Goodwin Procter LLP.</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">23.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Consent of Goodwin Procter LLP (included in Exhibit 5.1).</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">99.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Press Release, dated November 12, 2012.</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">99.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Press Release, dated November 14, 2012.</FONT></TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SIGNATURES </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="45%"></TD></TR>


<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">WisdomTree Investments, Inc.</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Date: November 15, 2012</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Peter M. Ziemba</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Peter M. Ziemba</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive Vice President&#151;Business and Legal Affairs, Chief Legal officer</FONT></TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>EXHIBIT INDEX </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Exhibit</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>No.</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Description</B></FONT></TD></TR>


<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;1.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Underwriting Agreement, dated November 14, 2012.</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;5.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Opinion of Goodwin Procter LLP.</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">23.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Consent of Goodwin Procter LLP (included in Exhibit 5.1).</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">99.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Press Release, dated November 12, 2012.</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">99.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Press Release, dated November 14, 2012.</FONT></TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1.1
<SEQUENCE>2
<FILENAME>d440337dex11.htm
<DESCRIPTION>UNDERWRITING AGREEMENT
<TEXT>
<HTML><HEAD>
<TITLE>Underwriting Agreement</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Exhibit 1.1 </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="right"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>EXECUTION COPY </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">WISDOMTREE INVESTMENTS, INC. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a Delaware corporation) </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">26,000,000 Shares of Common Stock </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>UNDERWRITING AGREEMENT </U></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Dated: November&nbsp;14, 2012 </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">WISDOMTREE INVESTMENTS, INC. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a Delaware corporation) </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">26,000,000 Shares of Common Stock </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>UNDERWRITING AGREEMENT </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">November&nbsp;14, 2012 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Merrill
Lynch, Pierce, Fenner&nbsp;&amp; Smith </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;Incorporated </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Barclays Capital Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Citigroup Global Markets
Inc. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">as Representatives of the several Underwriters </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="96%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">c/o</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Merrill Lynch, Pierce, Fenner &amp; Smith</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px; text-indent:4.00em"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;Incorporated</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">One Bryant Park</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">New York, New York 10036</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">c/o</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Barclays Capital Inc.</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">745 7</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th</SUP></FONT><FONT
STYLE="font-family:Times New Roman" SIZE="2"> Avenue</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">New York, New York 10019</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">c/o</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Citigroup Global Markets Inc.</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">388 Greenwich Street</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">New York, New York 10013</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Ladies and Gentlemen: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">WisdomTree Investments, Inc., a Delaware corporation (the &#147;Company&#148;), and the persons listed in Schedule B hereto (the &#147;Selling Stockholders&#148;), confirm their respective agreements with
Merrill Lynch, Pierce, Fenner&nbsp;&amp; Smith Incorporated (&#147;Merrill Lynch&#148;), Barclays Capital Inc.(&#147;Barclays&#148;), Citigroup Global Markets Inc. (&#147;Citi&#148;) and each of the other Underwriters named in Schedule A hereto
(collectively, the &#147;Underwriters,&#148; which term shall also include any underwriter substituted as hereinafter provided in Section&nbsp;10 hereof), for whom Merrill Lynch, Barclays and Citi are acting as representatives (in such capacity, the
&#147;Representatives&#148;), with respect to (i)&nbsp;the sale by the Selling Stockholders, acting severally and not jointly, and the purchase by the Underwriters, acting severally and not jointly, of the respective numbers of shares of Common
Stock, par value $0.01 per share, of the Company (&#147;Common Stock&#148;) set forth in Schedules&nbsp;A and B hereto and (ii)&nbsp;the grant by certain Selling Stockholders to the Underwriters, acting severally and not jointly, of the option
described in Section&nbsp;2(b) hereof to purchase all or any part of 3,868,185 additional shares of Common Stock. The aforesaid 26,000,000 shares of Common Stock (the &#147;Initial Securities&#148;) to be purchased by the Underwriters and all or any
part of the 3,868,185 shares of Common Stock subject to the option described in Section&nbsp;2(b) hereof (the &#147;Option Securities&#148;) are herein called, collectively, the &#147;Securities.&#148; </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Company and the Selling Stockholders understand that the Underwriters propose to make a
public offering of the Securities as soon as the Representatives deem advisable after this Agreement has been executed and delivered. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The Company has prepared and filed with the Securities and Exchange Commission (the &#147;Commission&#148;) a registration statement on Form S-3 (File No.&nbsp;333-184505) covering the public offering and
sale of the Securities to be sold by the Selling Stockholders under this Agreement, under the Securities Act of 1933, as amended (the &#147;1933 Act&#148;), and the rules and regulations promulgated thereunder (the &#147;1933 Act Regulations&#148;),
and such registration statement has been declared effective by the Commission under the 1933 Act. Such registration statement, as of any time, means such registration statement as amended by any post-effective amendments thereto to such time,
including the exhibits and any schedules thereto at such time, the documents incorporated or deemed to be incorporated by reference therein at such time pursuant to Item&nbsp;12 of Form S-3 under the 1933 Act and the documents otherwise deemed to be
a part thereof as of such time pursuant to Rule 430B under the 1933 Act Regulations (&#147;Rule 430B&#148;), and is referred to herein as the &#147;Registration Statement;&#148; provided, however, that the &#147;Registration Statement&#148; without
reference to a time means such registration statement as amended by any post-effective amendments thereto as of the time of the first contract of sale for the Securities, which time shall be considered the &#147;new effective date&#148; of such
registration statement with respect to the Securities within the meaning of paragraph (f)(2) of Rule 430B, including the exhibits and schedules thereto as of such time, the documents incorporated or deemed incorporated by reference therein at such
time pursuant to Item&nbsp;12 of Form S-3 under the 1933 Act and the documents otherwise deemed to be a part thereof as of such time pursuant to the Rule 430B. The Registration Statement contains a prospectus referred to herein as the &#147;Base
Prospectus.&#148; Each preliminary prospectus supplement and the Base Prospectus used in connection with the offering of the Securities, including the documents incorporated or deemed to be incorporated by reference therein pursuant to Item&nbsp;12
of Form S-3 under the 1933 Act immediately prior to the Applicable Time (as defined below), are collectively referred to herein as a &#147;preliminary prospectus.&#148; Promptly after execution and delivery of this Agreement, the Company will
prepare and file a final prospectus supplement relating to the Securities in accordance with the provisions of Rule 424(b) under the 1933 Act Regulations (&#147;Rule 424(b)&#148;). The final prospectus supplement and the Base Prospectus, in the form
first furnished or made available to the Underwriters for use in connection with the offering of the Securities, including the documents incorporated or deemed to be incorporated by reference therein pursuant to Item&nbsp;12 of Form S-3 under the
1933 Act immediately prior to the Applicable Time, are collectively referred to herein as the &#147;Prospectus.&#148; For purposes of this Agreement, all references to the Registration Statement, any preliminary prospectus, the Prospectus or any
amendment or supplement to any of the foregoing shall be deemed to include the copy filed with the Commission pursuant to its Electronic Data Gathering, Analysis and Retrieval system (or any successor system) (&#147;EDGAR&#148;). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">As used in this Agreement: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&#147;Applicable Time&#148; means 5:00 P.M., New York City time, on November&nbsp;14, 2012 or such other time as agreed by the Company and the Representatives. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;General Disclosure Package&#148; means any Issuer General Use Free Writing Prospectuses issued at or prior to the
Applicable Time, the most recent preliminary prospectus furnished to the Underwriters for general distribution to investors prior to the Applicable Time and the information included on Schedule C-1 hereto, all considered together. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;Issuer Free Writing Prospectus&#148; means any &#147;issuer free
writing prospectus,&#148; as defined in Rule 433 of the 1933 Act Regulations (&#147;Rule 433&#148;), including without limitation any &#147;free writing prospectus&#148; (as defined in Rule 405 of the 1933 Act Regulations (&#147;Rule 405&#148;))
relating to the Securities that is (i)&nbsp;required to be filed with the Commission by the Company, (ii)&nbsp;a &#147;road show that is a written communication&#148; within the meaning of Rule 433(d)(8)(i), whether or not required to be filed with
the Commission, or (iii)&nbsp;exempt from filing with the Commission pursuant to Rule 433(d)(5)(i) because it contains a description of the Securities or of the offering that does not reflect the final terms, in each case in the form filed or
required to be filed with the Commission or, if not required to be filed, in the form retained in the Company&#146;s records pursuant to Rule 433(g). </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&#147;Issuer General Use Free Writing Prospectus&#148; means any Issuer Free Writing Prospectus that is intended for general distribution to prospective investors, as evidenced by its being specified in
Schedule C-2 hereto. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;Issuer Limited Use Free Writing Prospectus&#148; means any Issuer Free Writing
Prospectus that is not an Issuer General Use Free Writing Prospectus. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">All references in this Agreement to financial
statements and schedules and other information which is &#147;contained,&#148; &#147;included&#148; or &#147;stated&#148; (or other references of like import) in the Registration Statement, any preliminary prospectus or the Prospectus shall be
deemed to include all such financial statements and schedules and other information incorporated or deemed incorporated by reference in the Registration Statement, any preliminary prospectus or the Prospectus, as the case may be, prior to the
Applicable Time; and all references in this Agreement to amendments or supplements to the Registration Statement, any preliminary prospectus or the Prospectus shall be deemed to include the filing of any document under the Securities Exchange Act of
1934, as amended (the &#147;1934 Act&#148;), and the rules and regulations promulgated thereunder, incorporated or deemed to be incorporated by reference in the Registration Statement, such preliminary prospectus or the Prospectus, as the case may
be, at or after the execution and delivery of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SECTION 1. <U>Representations and Warranties</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) <I>Representations and Warranties by the Company</I>. The Company represents and warrants to each Underwriter as of the date hereof,
the Applicable Time, the Closing Time (as defined below) and any Date of Delivery (as defined below), and agrees with each Underwriter, as follows: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(i) <U>Registration Statement, Prospectuses and 1934 Act Filings</U>. The Company meets the requirements for use of Form S-3 under the 1933 Act. Each of the Registration Statement and any post-effective
amendment thereto has been declared effective by the Commission under the 1933 Act. No stop order suspending the effectiveness of the Registration Statement or any post-effective amendment thereto has been issued under the 1933 Act, no order
preventing or suspending the use of any preliminary prospectus or the Prospectus or any amendment or supplement thereto has been issued and no proceedings for any of those purposes have been instituted or are pending or, to the Company&#146;s
knowledge, contemplated. The Company has complied with each request (if any) from the Commission for additional information. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Each of the Registration Statement and any post-effective amendment thereto, at the time of its effectiveness and at each deemed effective date with respect to the Underwriters pursuant to Rule 430B(f)(2)
under the 1933 Act Regulations, complied in all material respects with the requirements of the 1933 Act and the 1933 Act Regulations. Each preliminary prospectus, the Prospectus and any amendment or supplement thereto, at the time each was filed
with the </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">
Commission, complied in all material respects with the requirements of the 1933 Act and the 1933 Act Regulations. Each preliminary prospectus delivered to the Underwriters for use in connection
with this offering and the Prospectus was or will be identical to the electronically transmitted copies thereof filed with the Commission pursuant to EDGAR, except to the extent permitted by Regulation S-T. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The documents incorporated or deemed to be incorporated by reference in the Registration Statement, the General Disclosure
Package and the Prospectus, when they became effective or at the time they were or hereafter are filed with the Commission, complied, and will comply in the case of hereinafter filed documents, in all material respects with the requirements of the
1934 Act and the rules and regulations of the Commission under the 1934 Act (the &#147;1934 Act Regulations&#148;). </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><U>Accurate Disclosure</U>. Neither the Registration Statement nor any amendment thereto, at its effective time, at the Closing Time or at any Date of Delivery, contained, contains or will contain an
untrue statement of a material fact or omitted, omits or will omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading. As of the Applicable Time, neither (A)&nbsp;the General Disclosure
Package nor (B)&nbsp;any individual Issuer Limited Use Free Writing Prospectus, when considered together with the General Disclosure Package, included, includes or will include an untrue statement of a material fact or omitted, omits or will omit to
state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. Neither the Prospectus nor any amendment or supplement thereto (including any prospectus wrapper),
as of its issue date, at the time of any filing with the Commission pursuant to Rule 424(b), at the Closing Date or at any Date of Delivery, included, includes or will include an untrue statement of a material fact or omitted, omits or will omit to
state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The representations and warranties in this subsection shall not apply to statements in or omissions from the Registration Statement (or any amendment thereto), the General Disclosure Package or the
Prospectus (or any amendment or supplement thereto) made in reliance upon and in conformity with written information furnished to the Company by any Underwriter through the Representatives expressly for use therein. For purposes of this Agreement,
the only information so furnished shall be the information in the third paragraph under the heading &#147;Underwriting&#148; relating to underwriting commission and concession, the information in the twelfth paragraph under the heading
&#147;Underwriting&#148; relating to price stabilization and the information in the sixteenth paragraph under the heading &#147;Underwriting&#148; relating to electronic offer, sale and distribution of shares in each case contained in the Prospectus
(collectively, the &#147;Underwriter Information&#148;). </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) <U>Issuer Free Writing Prospectuses</U>. No
Issuer Free Writing Prospectus conflicts or will conflict with the information contained in the Registration Statement or the Prospectus, and any preliminary or other prospectus deemed to be a part thereof that has not been superseded or modified.
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) <U>Company Not Ineligible Issuer</U>. At the time of filing the Registration Statement and any
post-effective amendment thereto, at the earliest time thereafter that the Company or another offering participant made a <I>bona fide</I> offer (within the meaning of Rule 164(h)(2) of the 1933 Act Regulations) of the Securities and at the date
hereof, the Company was not and is not an &#147;ineligible issuer,&#148; as defined in Rule 405, without taking account of any determination by the Commission pursuant to Rule 405 that it is not necessary that the Company be considered an ineligible
issuer. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iv) <U>Independent Accountants</U>. The accountants who certified the
financial statements and supporting schedules included in the Registration Statement, the General Disclosure Package and the Prospectus are independent public accountants as required by the 1933 Act, the 1933 Act Regulations, the 1934 Act, the 1934
Act Regulations and the Public Accounting Oversight Board. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(v) <U>Financial Statements; Non-GAAP Financial
Measures</U>. The financial statements included in the Registration Statement, the General Disclosure Package and the Prospectus, together with the related schedules and notes, present fairly the financial position of the Company and its
consolidated subsidiaries at the dates indicated and the statement of operations, stockholders&#146; equity and cash flows of the Company and its consolidated subsidiaries for the periods specified; said financial statements have been prepared in
conformity with U.S. generally accepted accounting principles (&#147;GAAP&#148;) applied on a consistent basis throughout the periods involved (except as otherwise noted therein). The supporting schedules, if any, present fairly in accordance with
GAAP the information required to be stated therein. The selected financial data included in the Registration Statement, the General Disclosure Package and the Prospectus present fairly the information shown therein and have been compiled on a basis
consistent with that of the audited financial statements included therein. Except as included therein, no historical or pro forma financial statements or supporting schedules are required to be included or incorporated by reference in the
Registration Statement, the General Disclosure Package or the Prospectus under the 1933 Act, the 1933 Act Regulations, the 1934 Act or the 1934 Act Regulations. The interactive data in eXtensible Business Reporting Language incorporated by reference
in the Registration Statement, the General Disclosure Package and the Prospectus fairly presents the information called for in all material respects and has been prepared in accordance with the Commission&#146;s rules and guidelines applicable
thereto. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(vi) <U>No Material Adverse Change in Business</U>. Except as otherwise stated therein, since the
respective dates as of which information is given in the Registration Statement, the General Disclosure Package or the Prospectus, (A)&nbsp;there has been no material adverse change in the condition, financial or otherwise, or in the earnings,
business affairs or business prospects of the Company and its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business (a &#147;Material Adverse Effect&#148;), (B)&nbsp;there have been no transactions
entered into by the Company or any of its subsidiaries, other than those in the ordinary course of business, which are material with respect to the Company and its subsidiaries considered as one enterprise, and (C)&nbsp;there has been no dividend or
distribution of any kind declared, paid or made by the Company on any class of its capital stock. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(vii)
<U>Good Standing of the Company</U>. The Company has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware and has corporate power and authority to own, lease and operate its properties
and to conduct its business as described in the Registration Statement, the General Disclosure Package and the Prospectus and to enter into and perform its obligations under this Agreement; and the Company is duly qualified as a foreign corporation
to transact business and is in good standing in each other jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except where the failure so to qualify or to be in
good standing would not reasonably be expected to result in a Material Adverse Effect. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(viii) <U>Good Standing of Subsidiaries</U>. Each &#147;significant
subsidiary&#148; of the Company (as such term is defined in Rule 1-02 of Regulation S-X) (each, a &#147;Subsidiary&#148; and, collectively, the &#147;Subsidiaries&#148;) has been duly organized and is validly existing in good standing under the laws
of the jurisdiction of its incorporation or organization, has corporate or similar power and authority to own, lease and operate its properties and to conduct its business as described in the Registration Statement, the General Disclosure Package
and the Prospectus and is duly qualified to transact business and is in good standing in each jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except where
the failure to so qualify or to be in good standing would not reasonably be expected to result in a Material Adverse Effect. Except as otherwise disclosed in the Registration Statement, the General Disclosure Package and the Prospectus, all of the
issued and outstanding capital stock of each Subsidiary has been duly authorized and validly issued, is fully paid and non-assessable and is owned by the Company, directly or through subsidiaries, free and clear of any security interest, mortgage,
pledge, lien, encumbrance, claim or equity. None of the outstanding shares of capital stock of any Subsidiary were issued in violation of the preemptive or similar rights of any securityholder of such Subsidiary. The only subsidiaries of the Company
are the subsidiaries listed on Exhibit 21 to the Company&#146;s annual report on Form 10-K. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ix)
<U>Capitalization</U>. As of the Closing Date, the authorized, issued and outstanding shares of capital stock of the Company are as set forth in the most recent balance sheet included in the Company&#146;s Quarterly Report for the quarter ended
September&nbsp;30, 2012 on Form 10-Q, included or incorporated by reference in the Registration Statement, the General Disclosure Package and the Prospectus (except for subsequent issuances, if any, pursuant to this Agreement, pursuant to
reservations, agreements or employee benefit plans, qualified stock option plans or other employee compensation plans referred to in the Registration Statement, the General Disclosure Package and the Prospectus or pursuant to the exercise of
outstanding convertible securities or options referred to in the Registration Statement, the General Disclosure Package and the Prospectus). The outstanding shares of capital stock of the Company, including the Securities to be purchased by the
Underwriters from the Selling Stockholders, have been duly authorized and validly issued and are fully paid and non-assessable. None of the outstanding shares of capital stock of the Company, including the Securities to be purchased by the
Underwriters from the Selling Stockholders, were issued in violation of the preemptive or other similar rights of any securityholder of the Company. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(x) <U>Authorization of Agreement</U>. This Agreement has been duly authorized, executed and delivered by the Company. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xi) <U>Description of Securities</U>. The Common Stock conforms to all statements relating thereto contained in the
Registration Statement, the General Disclosure Package and the Prospectus and such description conforms to the rights set forth in the instruments defining the same. No holder of Securities will be subject to personal liability by reason of being
such a holder. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xii) <U>Registration Rights</U>. There are no contracts, agreements or other arrangements
between the Company or any of its Subsidiaries and any person granting such person registration rights or other similar rights to have any securities registered for sale pursuant to the Registration Statement or otherwise registered for sale or sold
by the Company under the 1933 Act pursuant to this Agreement, other than those rights that have been disclosed in the Registration Statement, the General Disclosure Package and the Prospectus and have been waived. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xiii) <U>Absence of Violations, Defaults and Conflicts</U>. Neither the
Company nor any of its subsidiaries is (A)&nbsp;in violation of its charter, by-laws or similar organizational document, (B)&nbsp;in default in the performance or observance of any obligation, agreement, covenant or condition contained in any
contract, indenture, mortgage, deed of trust, loan or credit agreement, note, lease or other agreement or instrument to which the Company or any of its subsidiaries is a party or by which it or any of them may be bound or to which any of the
properties or assets of the Company or any subsidiary is subject (collectively, the &#147;Agreements and Instruments&#148;), except for such defaults that would not, singly or in the aggregate, reasonably be expected to result in a Material Adverse
Effect, or (C)&nbsp;in violation of any law, statute, rule, regulation, judgment, order, writ or decree of any arbitrator, court, governmental body, regulatory body, administrative agency or other authority, body or agency having jurisdiction over
the Company or any of its subsidiaries or any of their respective properties, assets or operations (each, a &#147;Governmental Entity&#148;), except for such violations that would not, singly or in the aggregate, reasonably be expected to result in
a Material Adverse Effect. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated herein and in the Registration Statement, the General Disclosure Package and the Prospectus (including the
issuance and sale of the Securities and the use of the proceeds from the sale of the Securities as described therein under the caption &#147;Use of Proceeds&#148;) and compliance by the Company with its obligations hereunder have been duly
authorized by all necessary corporate action and do not and will not, whether with or without the giving of notice or passage of time or both, conflict with or constitute a breach of, or default or Repayment Event (as defined below) under, or result
in the creation or imposition of any lien, charge or encumbrance upon any properties or assets of the Company or any subsidiary pursuant to, the Agreements and Instruments (except for such conflicts, breaches, defaults or Repayment Events or liens,
charges or encumbrances that would not, singly or in the aggregate, reasonably be expected to result in a Material Adverse Effect), nor will such action result in any violation of the provisions of the charter, by-laws or similar organizational
document of the Company or any of its subsidiaries or any law, statute, rule, regulation, judgment, order, writ or decree of any Governmental Entity. As used herein, a &#147;Repayment Event&#148; means any event or condition which gives the holder
of any note, debenture or other evidence of indebtedness (or any person acting on such holder&#146;s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its
subsidiaries. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xiv) <U>Absence of Labor Dispute</U>. No labor dispute with the employees of the Company or any
of its subsidiaries exists or, to the knowledge of the Company, is imminent, and the Company is not aware of any existing or imminent labor disturbance by the employees of any of its or any subsidiary&#146;s principal suppliers, manufacturers,
customers or contractors, which, in either case, would reasonably be expected to result in a Material Adverse Effect. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(xv) <U>Absence of Proceedings</U>. Except as disclosed in the Registration Statement, the General Disclosure Package and the Prospectus, there is no action, suit, proceeding, inquiry or investigation
before or brought by any Governmental Entity now pending or, to the knowledge of the Company, threatened, against or affecting the Company or any of its subsidiaries, which might reasonably be expected to result in a Material Adverse Effect, or
which might materially and adversely affect their respective properties or assets or the consummation of the transactions contemplated in this Agreement or the performance by the Company of its obligations hereunder; and the aggregate of all pending
legal or governmental proceedings to which the Company or any such subsidiary is a party or of which any of their respective properties or assets is the subject which are not described in the Registration Statement, the General Disclosure Package
and the Prospectus, including ordinary routine litigation incidental to the business, would not reasonably be expected to result in a Material Adverse Effect. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xvi) <U>Accuracy of Exhibits</U>. There are no contracts or documents which
are required to be described in the Registration Statement, the General Disclosure Package or the Prospectus or to be filed as exhibits to the Registration Statement which have not been so described and filed as required. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xvii) <U>Absence of Further Requirements</U>. No filing with, or authorization, approval, consent, license, order,
registration, qualification or decree of, any Governmental Entity is necessary or required for the performance by the Company of its obligations hereunder, in connection with the offering, issuance or sale of the Securities hereunder or the
consummation of the transactions contemplated by this Agreement, except such as have been already obtained or as may be required under the 1933 Act, the 1933 Act Regulations, the rules of the NASDAQ Stock Market LLC, state securities laws or the
rules of the Financial Industry Regulatory Authority, Inc. (&#147;FINRA&#148;). </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xviii) <U>Possession of
Licenses and Permits</U>. The Company and its subsidiaries possess such permits, licenses, approvals, consents and other authorizations (collectively, &#147;Governmental Licenses&#148;) issued by the appropriate Governmental Entities necessary to
conduct the business now operated by them, except where the failure so to possess would not, singly or in the aggregate, reasonably be expected to result in a Material Adverse Effect. The Company and its subsidiaries are in compliance with the terms
and conditions of all Governmental Licenses, except where the failure so to comply would not, singly or in the aggregate, reasonably be expected to result in a Material Adverse Effect. All of the Governmental Licenses are valid and in full force and
effect, except when the invalidity of such Governmental Licenses or the failure of such Governmental Licenses to be in full force and effect would not, singly or in the aggregate, reasonably be expected to result in a Material Adverse Effect.
Neither the Company nor any of its subsidiaries has received any notice of proceedings relating to the revocation or modification of any Governmental Licenses which, singly or in the aggregate, if the subject of an unfavorable decision, ruling or
finding, would reasonably be expected to result in a Material Adverse Effect. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xix) <U>Title to Property</U>.
The Company and its subsidiaries have good and marketable title to any real property owned by them and good title to all other properties owned by them, in each case, free and clear of all mortgages, pledges, liens, security interests, claims,
restrictions or encumbrances of any kind except such as (A)&nbsp;are described in the Registration Statement, the General Disclosure Package and the Prospectus or (B)&nbsp;do not, singly or in the aggregate, materially affect the value of such
property and do not interfere with the use made and proposed to be made of such property by the Company or any of its subsidiaries; and all of the leases and subleases material to the business of the Company and its subsidiaries, considered as one
enterprise, and under which the Company or any of its subsidiaries holds properties described in the Registration Statement, the General Disclosure Package or the Prospectus, are in full force and effect, and neither the Company nor any such
subsidiary has any notice of any material claim of any sort that has been asserted by anyone adverse to the rights of the Company or any subsidiary under any of the leases or subleases mentioned above, or affecting or questioning the rights of the
Company or such subsidiary to the continued possession of the leased or subleased premises under any such lease or sublease. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(xx) <U>Possession of Intellectual Property</U>. The Company and its subsidiaries own, possess, have the right to use or can acquire on commercially reasonable terms ownership of or rights to use, all
patents, patent rights, licenses, inventions, copyrights, know-how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information, systems or procedures), trademarks, service marks, trade names or other
intellectual property </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">
(collectively, &#147;Intellectual Property&#148;) necessary to carry on the business now operated by them except as would not, individually or in the aggregate, reasonably be expected to have a
Material Adverse Effect, and except as disclosed in the Registration Statement, the General Disclosure Package and the Prospectus, neither the Company nor any of its subsidiaries has received any notice or is otherwise aware of any claim of
infringement of or conflict with asserted rights of others with respect to any Intellectual Property or of any facts or circumstances which would render any Intellectual Property invalid or inadequate to protect the interest of the Company or any of
its subsidiaries therein, and which infringement or conflict (if the subject of any unfavorable decision, ruling or finding) or invalidity or inadequacy, singly or in the aggregate, would reasonably be expected to result in a Material Adverse
Effect. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xxi) <U>Environmental Laws</U>. Except as described in the Registration Statement, the General
Disclosure Package and the Prospectus or would not, singly or in the aggregate, reasonably be expected to result in a Material Adverse Effect, (A)&nbsp;neither the Company nor any of its subsidiaries is in violation of any federal, state, local or
foreign statute, law, rule, regulation, ordinance, code, policy or rule of common law or any judicial or administrative interpretation thereof, including any judicial or administrative order, consent, decree or judgment, relating to pollution or
protection of human health, the environment (including, without limitation, ambient air, surface water, groundwater, land surface or subsurface strata) or wildlife, including, without limitation, laws and regulations relating to the release or
threatened release of chemicals, pollutants, contaminants, wastes, toxic substances, hazardous substances, petroleum or petroleum products, asbestos-containing materials or mold (collectively, &#147;Hazardous Materials&#148;) or to the manufacture,
processing, distribution, use, treatment, storage, disposal, transport or handling of Hazardous Materials (collectively, &#147;Environmental Laws&#148;), (B)&nbsp;the Company and its subsidiaries have all permits, authorizations and approvals
required under any applicable Environmental Laws and are each in compliance with their requirements, (C)&nbsp;there are no pending or threatened administrative, regulatory or judicial actions, suits, demands, demand letters, claims, liens, notices
of noncompliance or violation, investigation or proceedings relating to any Environmental Law against the Company or any of its subsidiaries and (D)&nbsp;there are no events or circumstances that would reasonably be expected to form the basis of an
order for clean-up or remediation, or an action, suit or proceeding by any private party or Governmental Entity, against or affecting the Company or any of its subsidiaries relating to Hazardous Materials or any Environmental Laws. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xxii) <U>Accounting Controls and Disclosure Controls</U>. The Company and each of its subsidiaries maintain effective
internal control over financial reporting (as defined under Rule 13-a15 and 15d-15 under the 1934 Act Regulations) and a system of internal accounting controls sufficient to provide reasonable assurances (A)&nbsp;regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles and (B)&nbsp;the interactive data in eXtensible Business Reporting Language incorporated by reference
in the Registration Statement, the General Disclosure Package and the Prospectus fairly presents the information called for in all material respects and is prepared in accordance with the Commission&#146;s rules and guidelines applicable thereto.
Except as described in the Registration Statement, the General Disclosure Package and the Prospectus, since the end of the Company&#146;s most recent audited fiscal year, there has been (1)&nbsp;no material weakness in the Company&#146;s internal
control over financial reporting (whether or not remediated) and (2)&nbsp;no change in the Company&#146;s internal control over financial reporting that has materially adversely affected, or is reasonably likely to materially adversely affect, the
Company&#146;s internal control over financial reporting. The Company and each of its subsidiaries maintain an effective system of disclosure controls and procedures (as defined in Rule 13a-15 and Rule 15d-15 under the 1934 Act Regulations) that are
designed to ensure that information required to be disclosed by the Company in the reports that it files or submits under the 1934 Act is recorded, processed, </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">
summarized and reported, within the time periods specified in the Commission&#146;s rules and forms, and is accumulated and communicated to the Company&#146;s management, including its principal
executive officer or officers and principal financial officer or officers, as appropriate, to allow timely decisions regarding disclosure. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(xxiii) <U>Compliance with the Sarbanes Oxley Act; Registration and Listing of Common Stock</U>. There is and has been no failure on the part of the Company or any of the Company&#146;s directors or
officers, in their capacities as such, to comply in all material respects with any applicable provision of the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated in connection therewith, including Section&nbsp;402 related to loans
and Sections 302 and 906 related to certifications. The Company&#146;s common stock has been duly registered under the 1934 Act and duly listed on the Nasdaq Global Market and the Company is in compliance in all material respects with the applicable
rules and regulations and listing. The Company has taken no action designed to, or reasonably likely to have the effect of, terminating the registration of the Company&#146;s common stock under the 1934 Act or the listing of the Company&#146;s
common stock on Nasdaq Global Market and has not received any communication that the Commission or the Nasdaq Global Market has terminated, intends to terminate, or is contemplating terminating, such registration or listing, respectively.
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xxiv) <U>Payment of Taxes</U>. All United States federal income tax returns of the Company and its
subsidiaries required by law to be filed have been filed and all taxes shown by such returns or otherwise assessed, which are due and payable, have been paid, except assessments against which appeals have been or will be promptly taken and as to
which adequate reserves have been provided. The United States federal income tax returns of the Company through the fiscal year ended December&nbsp;31, 2010 have been settled and no assessment in connection therewith has been made against the
Company. The Company and its subsidiaries have filed all other tax returns that are required to have been filed by them pursuant to applicable foreign, state, local or other law except insofar as the failure to file such returns would not, singly or
in the aggregate, reasonably be expected to result in a Material Adverse Effect, and has paid all taxes due pursuant to such returns or pursuant to any assessment received by the Company and its subsidiaries, except for such taxes, if any, as are
being contested in good faith and as to which adequate reserves have been established by the Company. The charges, accruals and reserves on the books of the Company in respect of any income and corporation tax liability for any years not finally
determined are adequate to meet any assessments or re-assessments for additional income tax for any years not finally determined, except to the extent of any inadequacy that would not, singly or in the aggregate, reasonably be expected to result in
a Material Adverse Effect. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xxv) <U>Insurance</U>. The Company and its subsidiaries carry or are entitled to
the benefits of insurance, with financially sound and reputable insurers, in such amounts and covering such risks as is generally maintained by companies of established repute engaged in the same or similar business, and all such insurance is in
full force and effect. The Company has no reason to believe that it or any of its subsidiaries will not be able (A)&nbsp;to renew its existing insurance coverage as and when such policies expire or (B)&nbsp;to obtain comparable coverage from similar
institutions as may be necessary or appropriate to conduct its business as now conducted and at a cost that would not reasonably be expected to result in a Material Adverse Change. Neither of the Company nor any of its subsidiaries has been denied
any insurance coverage which it has sought or for which it has applied. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xxvi) <U>Investment Company Act</U>.
The Company is not required, and upon the consummation of the transactions contemplated by this Agreement as described in the </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">
Registration Statement, the General Disclosure Package and the Prospectus will not be required, to register as an &#147;investment company&#148; under the Investment Company Act of 1940, as
amended (the &#147;1940 Act&#148;). </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xxvii) <U>Absence of Manipulation</U>. Neither the Company nor any
affiliate of the Company has taken, nor will the Company or any affiliate take, directly or indirectly, any action which is designed, or would be expected, to cause or result in, or which constitutes, the stabilization or manipulation of the price
of any security of the Company to facilitate the sale or resale of the Securities or to result in a violation of Regulation M under the 1934 Act. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(xxviii) <U>Foreign Corrupt Practices Act</U>. None of the Company, any of its subsidiaries, any director or officer, or to the knowledge of the Company, any agent, employee, affiliate or other person
acting on behalf of the Company or any of its subsidiaries is aware of or has taken any action, directly or indirectly, that would result in a violation by such persons of the Foreign Corrupt Practices Act of 1977, as amended, and the rules and
regulations thereunder (the &#147;FCPA&#148;), including, without limitation, making use of the mails or any means or instrumentality of interstate commerce corruptly in furtherance of an offer, payment, promise to pay or authorization of the
payment of any money, or other property, gift, promise to give, or authorization of the giving of anything of value to any &#147;foreign official&#148; (as such term is defined in the FCPA) or any foreign political party or official thereof or any
candidate for foreign political office, in contravention of the FCPA and the Company and, to the knowledge of the Company, its affiliates have conducted their businesses in compliance with the FCPA and have instituted and maintain policies and
procedures designed to ensure, and which are reasonably expected to continue to ensure, continued compliance therewith. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(xxix) <U>Money Laundering Laws</U>. The operations of the Company and its subsidiaries are and have been conducted at all times in compliance with applicable financial recordkeeping and reporting
requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering statutes of all jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued,
administered or enforced by any Governmental Entity (collectively, the &#147;Money Laundering Laws&#148;); and no action, suit or proceeding by or before any Governmental Entity involving the Company or any of its subsidiaries with respect to the
Money Laundering Laws is pending or, to the knowledge of the Company, threatened. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xxx) <U>OFAC</U>. None of
the Company, any of its subsidiaries, any director or officer, or to the knowledge of the Company, any agent, employee, affiliate or representative of the Company or any of its subsidiaries is an individual or entity (&#147;Person&#148;) currently
the subject or target of any sanctions administered or enforced by the United States Government, including, without limitation, the U.S. Department of the Treasury&#146;s Office of Foreign Assets Control (&#147;OFAC&#148;), the United Nations
Security Council (&#147;UNSC&#148;), the European Union, Her Majesty&#146;s Treasury (&#147;HMT&#148;), or other relevant sanctions authority (collectively, &#147;Sanctions&#148;), nor is the Company located, organized or resident in a country or
territory that is the subject of Sanctions; and the Company will not directly or indirectly use the proceeds of the sale of the Securities, or lend, contribute or otherwise make available such proceeds to any subsidiaries, joint venture partners or
other Person, to fund any activities of or business with any Person, or in any country or territory, that, at the time of such funding, is the subject of Sanctions or in any other manner that will result in a violation by any Person (including any
Person participating in the transaction, whether as underwriter, advisor, investor or otherwise) of Sanctions. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xxxi) <U>Lending Relationship</U>. Except as disclosed in the Registration
Statement, the General Disclosure Package and the Prospectus, the Company (i)&nbsp;does not have any&nbsp;material lending or other relationship with any bank or lending affiliate of any Underwriter and (ii)&nbsp;does not intend to use any of the
proceeds from the sale of the Securities to repay any outstanding debt owed to any affiliate of any Underwriter. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xxxii) <U>Statistical and Market-Related Data</U>. Any statistical and market-related data included in the Registration
Statement, the General Disclosure Package or the Prospectus are based on or derived from sources that the Company believes, after reasonable inquiry, to be reliable and accurate and, to the extent required, the Company has obtained the written
consent to the use of such data from such sources. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xxxiii) <U>No Rated Securities</U>. Neither the Company
nor any of its subsidiaries has any outstanding securities with respect to which a rating has been assigned by any &#147;nationally recognized rating organization&#148; (as defined in Section&nbsp;3(a)(62) of the 1934 Act). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) <I>Representations and Warranties by the Selling Stockholders</I>. Each Selling Stockholder, severally and not jointly, represents
and warrants to each Underwriter as of the date hereof, as of the Applicable Time and as of the Closing Time and, if such Selling Stockholder is selling Option Securities on a Date of Delivery, as of each such Date of Delivery, and agrees with each
Underwriter, as follows: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) <U>Accurate Disclosure</U>. Neither the General Disclosure Package nor the
Prospectus or any amendments or supplements thereto includes any untrue statement of a material fact or omits to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made,
not misleading; provided that, such representations and warranties set forth in this subsection (b)(i)&nbsp;apply only to statements or omissions made in reliance upon and in conformity with information relating to such Selling Stockholder furnished
to the Company in writing by or on behalf of such Selling Stockholder expressly for use in the Registration Statement, the General Disclosure Package, the Prospectus or any other Issuer Free Writing Prospectus or any amendment or supplement thereto
(the &#147;Selling Stockholder Information&#148;); such Selling Stockholder is not prompted to sell the Securities to be sold by such Selling Stockholder hereunder by any material nonpublic information concerning the Company or any subsidiary of the
Company which is not set forth in the General Disclosure Package or the Prospectus. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) <U>Authorization of
this Agreement</U>. This Agreement has been duly authorized, executed and delivered by or on behalf of such Selling Stockholder. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(iii) <U>Authorization of Power of Attorney and Custody Agreement</U>. The Power of Attorney and Custody Agreement, in the form heretofore furnished to the Representatives (the &#147;Power of Attorney and
Custody Agreement&#148;), has been duly authorized, executed and delivered by such Selling Stockholder and is the valid and binding agreement of such Selling Stockholder. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iv) <U>Noncontravention</U>. The execution and delivery of this Agreement and the Power of Attorney and Custody Agreement
and the sale and delivery of the Securities to be sold by such Selling Stockholder and the consummation of the transactions contemplated herein and compliance by such Selling Stockholder with its obligations hereunder do not and will not, whether
with or without the giving of notice or passage of time or both, conflict with or constitute a breach of, or default under, or result in the creation or imposition of any tax, lien, charge or encumbrance upon the Securities to be sold by such
Selling Stockholder or any property or assets </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">
of such Selling Stockholder pursuant to any contract, indenture, mortgage, deed of trust, loan or credit agreement, note, license, lease or other agreement or instrument to which such Selling
Stockholder is a party or by which such Selling Stockholder may be bound, or to which any of the property or assets of such Selling Stockholder is subject, nor will such action result in any violation of the provisions of the charter or by-laws or
other organizational instrument of such Selling Stockholder, if applicable, or any treaty, law, statute, rule, regulation, judgment, order, writ or decree applicable to such Selling Stockholder of any government, government instrumentality or court,
domestic or foreign, having jurisdiction over such Selling Stockholder or any of its properties. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(v) <U>Valid
Title</U>. Such Selling Stockholder has, and at the Closing Time and, if such Selling Stockholder is selling Option Securities on a Date of Delivery, as of each such Date of Delivery, will have, valid title to the Securities to be sold by such
Selling Stockholder free and clear of all security interests, claims, liens, equities or other encumbrances and the legal right and power, and all authorization and approval required by law, to enter into this Agreement and the Power of Attorney and
Custody Agreement and to sell, transfer and deliver the Securities to be sold by such Selling Stockholder. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(vi) <U>Delivery of Securities</U>. The Securities to be sold by such Selling Stockholder pursuant to this Agreement are
certificated securities in registered form and are not held in any securities account or by or through any securities intermediary within the meaning of the Uniform Commercial Code as in effect in the State of New York (the &#147;UCC&#148;).
Certificates for all of the Securities to be sold by such Selling Stockholder pursuant to this Agreement, in suitable form for transfer by delivery or accompanied by duly executed instruments of transfer or assignment in blank with signatures
guaranteed, have been placed in custody with Continental Stock Transfer&nbsp;&amp; Trust Company (the &#147;Custodian&#148;) with irrevocable conditional instructions to deliver such Securities to the Underwriters pursuant to this Agreement. Upon
payment of the purchase price for the Securities to be sold by such Selling Stockholder pursuant to this Agreement, delivery of such Securities, as directed by the Underwriters, to Cede&nbsp;&amp; Co. (&#147;Cede&#148;) or such other nominee as may
be designated by The Depository Trust Company (&#147;DTC&#148;), registration of such Securities in the name of Cede or such other nominee, and the crediting of such Securities on the books of DTC to securities accounts (within the meaning of
Section&nbsp;8-501(a) of the UCC) of the Underwriters (assuming that neither DTC nor any such Underwriter has notice of any &#147;adverse claim,&#148; within the meaning of Section&nbsp;8-105 of the UCC to such Securities), (A)&nbsp;under
Section&nbsp;8-501 of the UCC, the Underwriters will acquire a valid &#147;security entitlement&#148; in respect of such Securities and (B)&nbsp;no action (whether framed in conversion, replevin, constructive trust, equitable lien, or other theory)
based on any &#147;adverse claim,&#148; within the meaning of Section&nbsp;8-102 of the UCC, to such Securities may be asserted against the Underwriters with respect to such security entitlement; for purposes of this representation, such Selling
Stockholder may assume that when such payment, delivery (if necessary) and crediting occur, (I)&nbsp;such Securities will have been registered in the name of Cede or another nominee designated by DTC, in each case on the Company&#146;s share
registry in accordance with its certificate of incorporation, bylaws and applicable law, (II) DTC will be registered as a &#147;clearing corporation,&#148; within the meaning of Section&nbsp;8-102 of the UCC, (III) appropriate entries to the
accounts of the several Underwriters on the records of DTC will have been made pursuant to the UCC, (IV) to the extent DTC, or any other securities intermediary which acts as &#147;clearing corporation&#148; with respect to the Securities, maintains
any &#147;financial asset&#148; (as defined in Section&nbsp;8-102(a)(9) of the UCC) in a clearing corporation pursuant to Section&nbsp;8-111 of the UCC, the rules of such clearing corporation may affect the rights of DTC or such securities
intermediaries and the ownership interest of the Underwriters, (V)&nbsp;claims of creditors of DTC or any other securities intermediary or clearing corporation may be given priority to the extent set forth in Section&nbsp;8-511(b) and 8-511(c) of
the </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">
UCC and (VI) if at any time DTC or other securities intermediary does not have sufficient Securities to satisfy claims of all of its entitlement holders with respect thereto then all holders will
share pro rata in the Securities then held by DTC or such securities intermediary. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(vii) <U>Absence of
Manipulation</U>. Such Selling Stockholder has not taken, and will not take, directly or indirectly, any action which is designed to or which has constituted or would be expected to cause or result in stabilization or manipulation of the price of
any security of the Company to facilitate the sale or resale of the Securities. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(viii) <U>Absence of Further
Requirements</U>. No filing with, or consent, approval, authorization, order, registration, qualification or decree of any arbitrator, court, governmental body, regulatory body, administrative agency or other authority, body or agency, domestic or
foreign, is necessary or required for the performance by such Selling Stockholder of its obligations hereunder or in the Power of Attorney and Custody Agreement, or in connection with the sale and delivery of the Securities hereunder or the
consummation of the transactions contemplated by this Agreement, except such as have been already obtained or as may be required under the 1933 Act, the 1933 Act Regulations, the 1934 Act, the 1934 Act Regulations, the rules of the NASDAQ Stock
Market LLC, state securities laws or the rules of FINRA. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ix) <U>No Registration or Other Similar Rights</U>.
Such Selling Stockholder does not have any registration or other similar rights to have any equity or debt securities registered for sale by the Company under the Registration Statement or included in the offering contemplated by this Agreement that
has not been waived. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(x) <U>No Free Writing Prospectuses</U>. Such Selling Stockholder has not prepared or had
prepared on its behalf or used or referred to, any &#147;free writing prospectus&#148; (as defined in Rule 405), and has not distributed any written materials in connection with the offer or sale of the Securities. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(xi) <U>No Association with FINRA</U>. Except as disclosed in writing to the Representatives, neither such Selling
Stockholder nor any of his/her/its affiliates directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with any member firm of FINRA or is a person associated with a member (within the
meaning of the FINRA By-Laws) of FINRA. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) <I>Officer&#146;s Certificates</I>. Any certificate signed by any
officer of the Company or any of its subsidiaries delivered to the Representatives or to counsel for the Underwriters shall be deemed a representation and warranty by the Company to each Underwriter as to the matters covered thereby; and any
certificate signed by or on behalf of the Selling Stockholders as such and delivered to the Representatives or to counsel for the Underwriters pursuant to the terms of this Agreement shall be deemed a representation and warranty by such Selling
Stockholder to the Underwriters as to the matters covered thereby. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SECTION 2. <U>Sale and Delivery to Underwriters;
Closing</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) <I>Initial Securities</I>. On the basis of the representations and warranties herein contained and subject
to the terms and conditions herein set forth, each Selling Stockholder, severally and not jointly, agrees to sell to each Underwriter, severally and not jointly, and each Underwriter, severally and not jointly, agrees to purchase from each Selling
Stockholder, at the price per share set forth in Schedule A, that proportion of the number of Initial Securities set forth in Schedule B opposite the name of such Selling Stockholder, as the case may be, which the number of Initial Securities set
forth in Schedule A </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
opposite the name of such Underwriter, plus any additional number of Initial Securities which such Underwriter may become obligated to purchase pursuant to the provisions of Section&nbsp;10
hereof, bears to the total number of Initial Securities, subject, in each case, to such adjustments among the Underwriters as the Representatives in their sole discretion shall make to eliminate any sales or purchases of fractional shares.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) <I>Option Securities</I>. In addition, on the basis of the representations and warranties herein contained and subject to
the terms and conditions herein set forth, each of the Selling Stockholders, acting severally and not jointly, hereby grant an option to the Underwriters, severally and not jointly, to purchase up to an additional 3,868,185 shares of Common Stock,
as set forth in Schedule B, at the price per share set forth in Schedule A, less an amount per share equal to any dividends or distributions declared by the Company and payable on the Initial Securities but not payable on the Option Securities. The
option hereby granted may be exercised for 30&nbsp;days after the date hereof and may be exercised in whole or in part from time to time upon notice by the Representatives to the Company and the Selling Stockholders granting such option setting
forth the number of Option Securities as to which the several Underwriters are then exercising the option and the time and date of payment and delivery for such Option Securities. Any such time and date of delivery (a &#147;Date of Delivery&#148;)
shall be determined by the Representatives, but shall not be later than seven full business days after the exercise of said option, nor in any event prior to the Closing Time. If the option is exercised as to all or any portion of the Option
Securities, each of the Underwriters, acting severally and not jointly, will purchase that proportion of the total number of Option Securities then being purchased which the number of Initial Securities set forth in Schedule A opposite the name of
such Underwriter bears to the total number of Initial Securities, subject, in each case, to such adjustments as the Representatives in their sole discretion shall make to eliminate any sales or purchases of fractional shares. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) <I>Payment</I>. Payment of the purchase price for, and delivery of certificates for, the Initial Securities shall be made at the
offices of Milbank, Tweed, Hadley&nbsp;&amp; McCloy LLP, or at such other place as shall be agreed upon by the Representatives, the Company and the Selling Stockholders, at 9:00&nbsp;A.M. (New York City time) on the third (fourth, if the pricing
occurs after 4:30 P.M. (New York City time) on any given day) business day after the date hereof (unless postponed in accordance with the provisions of Section&nbsp;10), or such other time not later than ten business days after such date as shall be
agreed upon by the Representatives, the Company and the Selling Stockholders (such time and date of payment and delivery being herein called &#147;Closing Time&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">In addition, in the event that any or all of the Option Securities are purchased by the Underwriters, payment of the purchase price for, and delivery of certificates for, such Option Securities shall be
made at the above-mentioned offices, or at such other place as shall be agreed upon by the Representatives and the Company and the Selling Stockholders, on each Date of Delivery as specified in the notice from the Representatives to the Company and
the relevant Selling Stockholders. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Payment shall be made to the Selling Stockholders by wire transfer of immediately
available funds to bank accounts designated by the Custodian pursuant to each Selling Stockholder&#146;s Power of Attorney and Custody Agreement, as the case may be, against delivery to the Representatives for the respective accounts of the
Underwriters of certificates for the Securities to be purchased by them. It is understood that each Underwriter has authorized the Representatives, for its account, to accept delivery of, receipt for, and make payment of the purchase price for, the
Initial Securities and the Option Securities, if any, which it has agreed to purchase. The Representatives, individually and not as representatives of the Underwriters, may (but shall not be obligated to) make payment of the purchase price for the
Initial Securities or the Option Securities, if any, to be purchased by any Underwriter whose funds have not been received by the Closing Time or the relevant Date of Delivery, as the case may be, but such payment shall not relieve such Underwriter
from its obligations hereunder. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SECTION 3. <U>Covenants of the Company and the Selling Stockholders</U>. The Company and
each Selling Stockholder covenant with each Underwriter as follows: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) <I>Compliance with Securities Regulations and
Commission Requests</I>. The Company, subject to Section&nbsp;3(b), will comply with the requirements of Rule 430B, and will notify the Representatives immediately, and, upon the request of the Representatives, confirm the notice in writing,
(i)&nbsp;when any post-effective amendment to the Registration Statement or any registration statement relating to the Securities shall become effective or any amendment or supplement to the General Disclosure Package or the Prospectus shall have
been used or filed, as the case may be, including without limitation any document incorporated by reference therein, (ii)&nbsp;of the receipt of any comments from the Commission, (iii)&nbsp;of any request by the Commission for any amendment to the
Registration Statement or any amendment or supplement to the General Disclosure Package or the Prospectus or for additional information, (iv)&nbsp;of the issuance by the Commission of any stop order suspending the effectiveness of the Registration
Statement or any post-effective amendment or of any order preventing or suspending the use of any preliminary prospectus or the Prospectus or any amendment or supplement thereto, or of the suspension of the qualification of the Securities for
offering or sale in any jurisdiction, or of the initiation or threatening of any proceedings for any of such purposes or of any examination pursuant to Section&nbsp;8(d) or 8(e) of the 1933 Act concerning the Registration Statement and (v)&nbsp;if
the Company becomes the subject of a proceeding under Section&nbsp;8A of the 1933 Act in connection with the offering of the Securities. The Company will effect all filings required under Rule 424(b), in the manner and within the time period
required by Rule 424(b) (without reliance on Rule 424(b)(8)), and will take such steps as it deems necessary to ascertain promptly whether the form of prospectus transmitted for filing under Rule 424(b) was received for filing by the Commission and,
in the event that it was not, it will promptly file such prospectus. The Company will make every reasonable effort to prevent the issuance of any stop order, prevention or suspension and, if any such order is issued, to obtain the lifting thereof at
the earliest possible moment. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) <I>Continued Compliance with Securities Laws</I>. The Company will comply with the 1933
Act, the 1933 Act Regulations, the 1934 Act and the 1934 Act Regulations so as to permit the completion of the distribution of the Securities as contemplated in this Agreement and in the Registration Statement, the General Disclosure Package and the
Prospectus. If at any time when a prospectus relating to the Securities is (or, but for the exception afforded by Rule 172 of the 1933 Act Regulations (&#147;Rule 172&#148;), would be) required by the 1933 Act to be delivered in connection with
sales of the Securities, any event shall occur or condition shall exist as a result of which it is necessary, in the opinion of counsel for the Underwriters or for the Company, to (i)&nbsp;amend the Registration Statement in order that the
Registration Statement will not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading, (ii)&nbsp;amend or supplement the General
Disclosure Package or the Prospectus in order that the General Disclosure Package or the Prospectus, as the case may be, including without limitation any document incorporated therein by reference, will not include any untrue statement of a material
fact or omit to state a material fact necessary in order to make the statements therein not misleading in the light of the circumstances existing at the time it is delivered to a purchaser or (iii)&nbsp;amend the Registration Statement or amend or
supplement the General Disclosure Package or the Prospectus, as the case may be, in order to comply with the requirements of the 1933 Act, the 1933 Act Regulations, the 1934 Act and the 1934 Act Regulations, the Company will promptly (A)&nbsp;give
the Representatives notice of such event, (B)&nbsp;prepare any amendment or supplement as may be necessary to correct such statement or omission or to make the Registration Statement, the General Disclosure Package or the Prospectus comply with such
requirements and, a reasonable amount of time prior to any proposed filing or use, furnish the Representatives with copies of any such amendment or supplement and (C)&nbsp;file with the Commission any such amendment or supplement and use its best
efforts to have any amendment to the Registration Statement declared effective by the Commission as soon as possible if the Company is not eligible to file an automatic shelf </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
registration statement at such time; provided that the Company shall not file or use any such amendment or supplement to which the Representatives or counsel for the Underwriters shall object.
The Company will furnish to the Underwriters such number of copies of such amendment or supplement as the Underwriters may reasonably request. The Company has given the Representatives notice of any filings made pursuant to the 1934 Act or 1934 Act
Regulations within 48 hours prior to the Applicable Time; the Company will give the Representatives notice of its intention to make any such filing from the Applicable Time to the Closing Time and will furnish the Representatives with copies of any
such documents a reasonable amount of time prior to such proposed filing, as the case may be, and will not file or use any such document to which the Representatives or counsel for the Underwriters shall reasonably object. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) <I>Delivery of Registration Statements</I>. The Company has furnished or will deliver to the Representatives and counsel for the
Underwriters, without charge, signed copies of the Registration Statement as originally filed and each amendment thereto, and will also deliver to the Representatives, without charge, a conformed copy of the Registration Statement as originally
filed and each amendment thereto (without exhibits) for each of the Underwriters. The copies of the Registration Statement and each amendment thereto furnished to the Underwriters will be identical to the electronically transmitted copies thereof
filed with the Commission pursuant to EDGAR, except to the extent permitted by Regulation S-T. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) <I>Delivery of
Prospectuses</I>. The Company has delivered to each Underwriter, without charge, as many copies of each preliminary prospectus as such Underwriter reasonably requested, and the Company hereby consents to the use of such copies for purposes permitted
by the 1933 Act. The Company will furnish to each Underwriter, without charge, during the period when a prospectus relating to the Securities is (or, but for the exception afforded by Rule 172, would be) required to be delivered under the 1933 Act,
such number of copies of the Prospectus (as amended or supplemented) as such Underwriter may reasonably request. The Prospectus and any amendments or supplements thereto furnished to the Underwriters will be identical to the electronically
transmitted copies thereof filed with the Commission pursuant to EDGAR, except to the extent permitted by Regulation S-T. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e)
<I>Blue Sky Qualifications</I>. The Company will use its best efforts, in cooperation with the Underwriters, to qualify the Securities for offering and sale under the applicable securities laws of such states and other jurisdictions (domestic or
foreign) as the Representatives may designate and to maintain such qualifications in effect so long as required to complete the distribution of the Securities; provided, however, that the Company shall not be obligated to file any general consent to
service of process or to qualify as a foreign corporation or as a dealer in securities in any jurisdiction in which it is not so qualified or to subject itself to taxation in respect of doing business in any jurisdiction in which it is not otherwise
so subject. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f) <I>Rule 158</I>. The Company will timely file such reports pursuant to the 1934 Act as are necessary in order
to make generally available to its securityholders as soon as practicable an earnings statement for the purposes of, and to provide to the Underwriters the benefits contemplated by, the last paragraph of Section&nbsp;11(a) of the 1933 Act.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(g) <I>Listing</I>. The Company will use its best efforts to maintain the listing of the Securities on the Nasdaq Global
Market. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(h) <I>Restriction on Sale of Securities</I>. During a period of 90 days from the date of the Prospectus, the Company
will not, without the prior written consent of the Representatives, (i)&nbsp;directly or indirectly, offer, pledge, sell, announce the intention to sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to
sell, grant any option, right or warrant to purchase or otherwise transfer or dispose of any shares of Common Stock or any securities convertible into or </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
exercisable or exchangeable for or repayable with Common Stock, (ii)&nbsp;enter into any swap or any other agreement or any transaction that transfers, in whole or in part, directly or
indirectly, the economic consequence of ownership of the Common Stock, whether any such swap or transaction described in clause (i)&nbsp;or (ii)&nbsp;above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise,
or (iii)&nbsp;file any registration statement with the Commission relating to the offering of any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, other than registration statements on Form
S-8 relating to the resale of shares issued by the Company upon the exercise of options granted or to be granted by the Company pursuant to any employee benefit plan, the terms of which have been disclosed in the General Disclosure Package. The
foregoing sentence shall not apply to (A)&nbsp;the Securities to be sold hereunder, (B)&nbsp;any shares of Common Stock issued by the Company upon the exercise of an option or warrant or the conversion of a security outstanding on the date hereof of
which the Underwriters have been advised in writing, (C)&nbsp;any shares of Common Stock issued or options to purchase Common Stock granted pursuant to existing employee benefit plans, qualified stock option plans or other employee compensation
plans of which the Underwriters have been advised in writing, or (D)&nbsp;the entry into an agreement providing for the issuance of securities in connection with an acquisition, merger or similar transaction by the Company or any of its
subsidiaries, and the issuance of such securities pursuant to any such agreement or pursuant to an employee benefit plan assumed by the Company or any of its subsidiaries in connection with such transaction; provided that, in the case of clause (D),
the aggregate number of shares issued in all such transactions does not exceed 5% of the total number of shares of Common Stock outstanding immediately following the completion of the transaction and prior to any such issuance the Company shall
cause any such securities issued pursuant thereto to be subject to transfer restrictions substantially similar to those contained in Exhibit C hereto. Notwithstanding the foregoing, if (1)&nbsp;during the last 17 days of the 90-day restricted period
the Company issues an earnings release or material news or a material event relating to the Company occurs or (2)&nbsp;prior to the expiration of the 90-day restricted period, the Company announces that it will issue an earnings release or becomes
aware that material news or a material event will occur during the 16-day period beginning on the last day of the 90-day restricted period, the restrictions imposed in this clause (i)&nbsp;shall continue to apply until the expiration of the 18-day
period beginning on the date of the issuance of the earnings release or the occurrence of the material news or material event, unless the Representatives waive, in writing, such extension; except that such extension will not apply if the provisions
of FINRA Rule 2711(f)(4) do not restrict the publication or distribution, by the Representatives, of any research reports relating to the Company during the 15 days before or after the last day of the 90-day restricted period (before giving effect
to such extension). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) <I>Reporting Requirements</I>. The Company, during the period when a Prospectus relating to the
Securities is (or, but for the exception afforded by Rule 172, would be) required to be delivered under the 1933 Act, will file all documents required to be filed with the Commission pursuant to the 1934 Act within the time periods required by the
1934 Act and 1934 Act Regulations. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(j) <I>Issuer Free Writing Prospectuses</I>. Each of the Company and each Selling
Stockholder agrees that, unless it obtains the prior written consent of the Representatives, it will not make any offer relating to the Securities that would constitute an Issuer Free Writing Prospectus or that would otherwise constitute a
&#147;free writing prospectus,&#148; or a portion thereof, required to be filed by the Company with the Commission or retained by the Company under Rule 433; provided that the Representatives will be deemed to have consented to the Issuer Free
Writing Prospectuses listed on Schedule C-2 hereto and any &#147;road show that is a written communication&#148; within the meaning of Rule 433(d)(8)(i) that has been reviewed by the Representatives. Each of the Company and each Selling Stockholder
represents that it has treated or agrees that it will treat each such free writing prospectus consented to, or deemed consented to, by the Representatives as an &#147;issuer free writing prospectus,&#148; as defined in Rule 433, and that it has
complied and will comply with the applicable requirements of Rule 433 with respect thereto, including timely filing with the Commission where required, legending and record keeping. If at any time
</FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
following issuance of an Issuer Free Writing Prospectus there occurred or occurs an event or development as a result of which such Issuer Free Writing Prospectus conflicted or would conflict with
the information contained in the Registration Statement, any preliminary prospectus or the Prospectus or included or would include an untrue statement of a material fact or omitted or would omit to state a material fact necessary in order to make
the statements therein, in the light of the circumstances existing at that subsequent time, not misleading, the Company will promptly notify the Representatives and will promptly amend or supplement, at its own expense, such Issuer Free Writing
Prospectus to eliminate or correct such conflict, untrue statement or omission. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SECTION 4. <U>Payment of Expenses</U>.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) <I>Expenses</I>. The Company will pay or cause to be paid all expenses incident to the performance of its and the Selling
Stockholders&#146; obligations under this Agreement, including (i)&nbsp;the preparation, printing and filing of the Registration Statement (including financial statements and exhibits) as originally filed and each amendment thereto, (ii)&nbsp;the
preparation, printing and delivery to the Underwriters of copies of each preliminary prospectus, each Issuer Free Writing Prospectus and the Prospectus and any amendments or supplements thereto and any costs associated with electronic delivery of
any of the foregoing by the Underwriters to investors, (iii)&nbsp;the preparation, issuance and delivery of the certificates for the Securities to the Underwriters, including any stock or other transfer taxes and any stamp or other duties payable
upon the sale, issuance or delivery of the Securities to the Underwriters, (iv)&nbsp;the fees and disbursements of the Company&#146;s counsel, accountants and other advisors, (v)&nbsp;the qualification of the Securities under securities laws in
accordance with the provisions of Section&nbsp;3(e) hereof, including filing fees and the reasonable and documented fees and disbursements of counsel for the Underwriters in connection therewith and in connection with the preparation of the Blue Sky
Survey and any supplement thereto (provided that, the amount payable by the Company pursuant to subsection (v)&nbsp;shall not exceed $5,000), (vi)&nbsp;the fees and expenses of any transfer agent or registrar for the Securities, (vii)&nbsp;the
filing fees incident to, and the reasonable and documented fees and disbursements of counsel to the Underwriters in connection with, the review by FINRA of the terms of the sale of the Securities, (viii)&nbsp;the fees and expenses incurred in
connection with the listing, if necessary, of the Securities on the Nasdaq Global Market and (ix)&nbsp;the costs and expenses associated with the reforming of any contracts for sale of the Securities made by the Underwriters caused by a breach of
the representation contained in the third sentence of Section&nbsp;1(a)(ii). In addition, the Company agrees to pay or cause to be paid the costs and expenses of the Company relating to investor presentations on any &#147;road show&#148; undertaken
in connection with the marketing of the Securities, including, without limitation, expenses associated with the preparation or dissemination of any electronic road show, expenses associated with the production of road show slides and graphics, fees
and expenses of any consultants engaged in connection with the road show presentations with the prior approval of the Company, travel and lodging expenses of the representatives and officers of the Company and any such consultants, and 50% of the
cost of any aircraft or other transportation chartered in connection with the road show. It is understood, however, that except as provided in this Section, Section&nbsp;6 and Section&nbsp;10, the Underwriters will pay all of their costs and
expenses, including (i)&nbsp;fees and disbursements of their counsel, stock transfer taxes payable on resale of any of the Securities by them and any advertising expenses connected with any offers they may make, (ii)&nbsp;all travel and lodging
expenses of the representatives of the Underwriters in connection with the road show, and (iii)&nbsp;50% of the cost of any aircraft chartered in connection with the road show. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) <I>Expenses of the Selling Stockholders</I>. The Selling Stockholders, jointly and severally, will pay all expenses incident to the
performance of their respective obligations under, and the consummation of the transactions contemplated by, this Agreement, including (i)&nbsp;any stamp and other duties and stock and other transfer taxes, if any, payable upon the sale of the
Securities to the Underwriters and their transfer between the Underwriters pursuant to an agreement between such Underwriters, and (ii)&nbsp;the fees and disbursements of their respective counsel and other advisors. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) <I>Termination of Agreement</I>. If this Agreement is terminated by the Representatives
in accordance with the provisions of Section&nbsp;5, Section&nbsp;9(a)(i) or (iii), Section&nbsp;10 or Section&nbsp;11 hereof, the Company shall reimburse the Underwriters for all of their out-of-pocket expenses, including the reasonable fees and
disbursements of counsel for the Underwriters. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) <I>Allocation of Expenses</I>. The provisions of this Section shall not
supersede or otherwise affect any agreement that the Company and the Selling Stockholders may make for the sharing of such costs and expenses among themselves. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SECTION 5. <U>Conditions of Underwriters&#146; Obligations</U>. The obligations of the several Underwriters hereunder are subject to the accuracy of the representations and warranties of the Company and
the Selling Stockholders contained herein or in certificates of any officer of the Company or any of its subsidiaries or on behalf of any Selling Stockholder delivered pursuant to the provisions hereof, to the performance by the Company and each
Selling Stockholder of their respective covenants and other obligations hereunder, and to the following further conditions: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) <I>Effectiveness of Registration Statement</I>. Each of the Registration Statement and any post-effective amendment thereto has been
declared effective by the Commission under the 1933 Act. Each preliminary prospectus, each Issuer Free Writing Prospectus and the Prospectus have been filed as required by Rule&nbsp;424(b) (without reliance on Rule&nbsp;424(b)(8)) and Rule&nbsp;433,
as applicable, within the time period prescribed by, and in compliance with, the 1933 Act Regulations. No stop order suspending the effectiveness of the Registration Statement or any post-effective amendment thereto has been issued, no order
preventing or suspending the use of any preliminary prospectus or the Prospectus or any amendment or supplement thereto has been issued and no proceedings for any of those purposes have been instituted or are pending or, to the Company&#146;s
knowledge, contemplated. The Company has complied with each request (if any) from the Commission for additional information. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) <I>Opinion of Counsel for Company</I>. At the Closing Time, the Representatives shall have received the favorable opinion, dated the
Closing Time, of Goodwin Procter LLP, counsel for the Company, in form and substance satisfactory to counsel for the Underwriters, together with signed or reproduced copies of such letter for each of the other Underwriters, to the effect set forth
in Exhibit A hereto. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) <I>Opinion of Counsel for the Selling Stockholders</I>. At the Closing Time, the Representatives
shall have received the favorable opinion, dated the Closing Time, of Goodwin Procter LLP, counsel for the Selling Stockholders, in form and substance satisfactory to counsel for the Underwriters, together with signed or reproduced copies of such
letter for each of the other Underwriters, to the effect set forth in Exhibit B hereto. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) <I>Opinion of Counsel for
Underwriters</I>. At the Closing Time, the Representatives shall have received the favorable opinion, dated the Closing Time, of Milbank, Tweed, Hadley&nbsp;&amp; McCloy LLP, counsel for the Underwriters, together with signed or reproduced copies of
such letter for each of the other Underwriters with respect to the matters set forth in Exhibit A, clauses (6), (8)&nbsp;(solely as to the information in the Prospectus under &#147;Description of Capital Stock&#151;Common Stock&#148;), the
fourth-to-last paragraph and the first sentence of the penultimate paragraph of Exhibit A hereto, and other related matters as the Representatives may require. In giving such opinion such counsel may rely, as to all matters governed by the laws of
jurisdictions other than the law of the State of New York, the General Corporation Law of the State of Delaware and the federal securities laws of the United States, upon the opinions of counsel satisfactory to the Representatives. Such counsel may
also state that, insofar as such opinion involves factual matters, they have relied, to the extent they deem proper, upon certificates of officers and other representatives of the Company and its subsidiaries and certificates of public officials.
</FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e) <I>Officers&#146; Certificates</I>. At the Closing Time, there shall not have been,
since the date hereof or since the respective dates as of which information is given in the Registration Statement, the General Disclosure Package or the Prospectus, any material adverse change in the condition, financial or otherwise, or in the
earnings, business affairs or business prospects of the Company and its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, and the Representatives shall have received a certificate of the Chief
Executive Officer or the President of the Company and of the chief financial or chief accounting officer of the Company, dated the Closing Time, to the effect that (1)&nbsp;there has been no such material adverse change, (2)&nbsp;the representations
and warranties of the Company in this Agreement are true and correct with the same force and effect as though expressly made at and as of the Closing Time, (3)&nbsp;the Company has complied with all agreements and satisfied all conditions on its
part to be performed or satisfied at or prior to the Closing Time, and (iv)&nbsp;no stop order suspending the effectiveness of the Registration Statement under the 1933 Act has been issued, no order preventing or suspending the use of any
preliminary prospectus or the Prospectus has been issued and no proceedings for any of those purposes have been instituted or are pending or, to their knowledge, contemplated. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(f) <I>Certificate of Selling Stockholders</I>. At the Closing Time, the Representatives shall have received a certificate of an Attorney-in-Fact on behalf of each Selling Stockholder, dated the Closing
Time, to the effect that (i)&nbsp;the representations and warranties of each Selling Stockholder in this Agreement are true and correct with the same force and effect as though expressly made at and as of the Closing Time and (ii)&nbsp;each Selling
Stockholder has complied with all agreements and all conditions on its part to be performed under this Agreement at or prior to the Closing Time. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(g) <I>Accountant&#146;s Comfort Letter</I>. At the time of the execution of this Agreement, the Representatives shall have received from Ernst&nbsp;&amp; Young LLP a letter, dated such date, in form and
substance satisfactory to the Representatives, together with signed or reproduced copies of such letter for each of the other Underwriters containing statements and information of the type ordinarily included in accountants&#146; &#147;comfort
letters&#148; to underwriters with respect to the financial statements and certain financial information contained in the Registration Statement, the General Disclosure Package and the Prospectus. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(h) <I>Bring-down Comfort Letter</I>. At the Closing Time, the Representatives shall have received from Ernst&nbsp;&amp; Young LLP a
letter, dated as of the Closing Time, to the effect that they reaffirm the statements made in the letter furnished pursuant to subsection (g)&nbsp;of this Section, except that the specified date referred to shall be a date not more than three
business days prior to the Closing Time. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) <I>No Objection</I>. FINRA has confirmed that it has not raised any objection
with respect to the fairness and reasonableness of the underwriting terms and arrangements relating to the offering of the Securities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(j) <I>Lock-up Agreements</I>. At the date of this Agreement, the Representatives shall have received an agreement substantially in the form of Exhibit&nbsp;C hereto signed by the persons listed on
Schedule D hereto. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(k) <I>Conditions to Purchase of Option Securities</I>. In the event that the Underwriters exercise their
option provided in Section&nbsp;2(b) hereof to purchase all or any portion of the Option Securities, the representations and warranties of the Company and the Selling Stockholders contained herein and the statements in any certificates furnished by
the Company, any of its subsidiaries and the Selling Stockholders hereunder shall be true and correct as of each Date of Delivery and, at the relevant Date of Delivery, the Representatives shall have received: </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) <U>Officers&#146; Certificates</U>. A certificate dated such Date of Delivery, of the President or a Vice President of
the Company and of the chief financial or chief accounting officer of the Company confirming that the certificate delivered at the Closing Time pursuant to Section&nbsp;5(e)(i) hereof remains true and correct as of such Date of Delivery. </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) <U>Certificate of Selling Stockholders</U>. A certificate, dated such
Date of Delivery, of an Attorney-in-Fact on behalf of each Selling Stockholder confirming that the certificate delivered at Closing Time pursuant to Section&nbsp;5(f) remains true and correct as of such Date of Delivery. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) <U>Opinion of Counsel for Company</U>. If requested by the Representatives, the favorable opinion of Goodwin Procter
LLP, counsel for the Company, in form and substance satisfactory to counsel for the Underwriters, dated such Date of Delivery, relating to the Option Securities to be purchased on such Date of Delivery and otherwise to the same effect as the opinion
required by Section&nbsp;5(b) hereof. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iv) <U>Opinion of Counsel for the Selling Stockholders</U>. If
requested by the Representatives, the favorable opinion of Goodwin Procter LLP, counsel for the Selling Stockholders, in form and substance satisfactory to counsel for the Underwriters, dated such Date of Delivery, relating to the Option Securities
to be purchased on such Date of Delivery and otherwise to the same effect as the opinion required by Section&nbsp;5(c) hereof. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(v) <U>Opinion of Counsel for Underwriters</U>. If requested by the Representatives, the favorable opinion of Milbank, Tweed, Hadley&nbsp;&amp; McCloy LLP, counsel for the Underwriters, dated such Date of
Delivery, relating to the Option Securities to be purchased on such Date of Delivery and otherwise to the same effect as the opinion required by Section&nbsp;5(d) hereof. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(vi) <U>Bring-down Comfort Letter</U>. If requested by the Representatives, a letter from Ernst&nbsp;&amp; Young LLP, in
form and substance satisfactory to the Representatives and dated such Date of Delivery, substantially in the same form and substance as the letter furnished to the Representatives pursuant to Section&nbsp;5(g) hereof, except that the &#147;specified
date&#148; in the letter furnished pursuant to this paragraph shall be a date not more than three business days prior to such Date of Delivery. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(l) <I>Additional Documents</I>. At the Closing Time and at each Date of Delivery (if any) counsel for the Underwriters shall have been furnished with such documents and opinions as they may require for
the purpose of enabling them to pass upon the issuance and sale of the Securities as herein contemplated, or in order to evidence the accuracy of any of the representations or warranties, or the fulfillment of any of the conditions, herein
contained; and all proceedings taken by the Company and the Selling Stockholders in connection with the issuance and sale of the Securities as herein contemplated shall be satisfactory in form and substance to the Representatives and counsel for the
Underwriters. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(m) <I>Termination of Agreement</I>. If any condition specified in this Section shall not have been fulfilled
when and as required to be fulfilled, this Agreement, or, in the case of any condition to the purchase of Option Securities on a Date of Delivery which is after the Closing Time, the obligations of the several Underwriters to purchase the relevant
Option Securities, may be terminated by the Representatives by notice to the Company and the Selling Stockholders at any time at or prior to Closing Time or such Date of Delivery, as the case may be, and such termination shall be without liability
of any party to any other party except as provided in Section&nbsp;4 and except that Sections 1, 6, 7, 8, 15, 16 and 17 shall survive any such termination and remain in full force and effect. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SECTION 6. <U>Indemnification</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) <I>Indemnification of Underwriters</I>. The Company agrees to indemnify and hold harmless each Underwriter, its affiliates (as such
term is defined in Rule 501(b) under the 1933 Act (each, an &#147;Affiliate&#148;)), its selling agents and each person, if any, who controls any Underwriter within the meaning of Section&nbsp;15 of the 1933 Act or Section&nbsp;20 of the 1934 Act as
follows: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) against any and all loss, liability, claim, damage and expense whatsoever, as incurred, arising
out of any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement (or any amendment thereto), including any information deemed to be a part thereof pursuant to Rule 430B, or the omission or alleged
omission therefrom of a material fact required to be stated therein or necessary to make the statements therein not misleading or arising out of any untrue statement or alleged untrue statement of a material fact included (A)&nbsp;in any preliminary
prospectus, any Issuer Free Writing Prospectus, the General Disclosure Package or the Prospectus (or any amendment or supplement thereto), or (B)&nbsp;in any materials or information provided to investors by, or with the approval of, the Company in
connection with the marketing of the offering of the Securities (&#147;Marketing Materials&#148;), including any roadshow or investor presentations made to investors by the Company (whether in person or electronically), or the omission or alleged
omission in any preliminary prospectus, Issuer Free Writing Prospectus, the General Disclosure Package or the Prospectus (or any amendment or supplement thereto) or in any Marketing Materials of a material fact necessary in order to make the
statements therein, in the light of the circumstances under which they were made, not misleading; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) against
any and all loss, liability, claim, damage and expense whatsoever, as incurred, to the extent of the aggregate amount paid in settlement of any litigation, or any investigation or proceeding by any governmental agency or body, commenced or
threatened, or of any claim whatsoever based upon any such untrue statement or omission, or any such alleged untrue statement or omission; provided that (subject to Section&nbsp;6(e) below) any such settlement is effected with the written consent of
the Company and the Selling Stockholders; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) against any and all expense whatsoever, as incurred (including
the fees and disbursements of counsel chosen by the Representatives), reasonably incurred in investigating, preparing or defending against any litigation, or any investigation or proceeding by any governmental agency or body, commenced or
threatened, or any claim whatsoever based upon any such untrue statement or omission, or any such alleged untrue statement or omission, to the extent that any such expense is not paid under (i)&nbsp;or (ii)&nbsp;above; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">provided, however, that this indemnity agreement shall not apply to any loss, liability, claim, damage or expense to the extent arising out of any untrue
statement or omission or alleged untrue statement or omission made in the Registration Statement (or any amendment thereto), including any information deemed to be a part thereof pursuant to Rule 430B, the General Disclosure Package or the
Prospectus (or any amendment or supplement thereto) in reliance upon and in conformity with the Underwriter Information. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b)
<I>Indemnification of Underwriters by Selling Stockholders</I>. Each Selling Stockholder, severally and not jointly, agrees to indemnify and hold harmless each Underwriter, its Affiliates and selling agents and each person, if any, who controls any
Underwriter within the meaning of Section&nbsp;15 of the 1933 Act or Section&nbsp;20 of the 1934 Act to the extent and in the manner set forth in clauses (a)(i), (ii)&nbsp;and (iii)&nbsp;above; provided that each Selling Stockholder shall be liable
only to the extent that such untrue statement or alleged untrue statement or omission or alleged omission has been made in the Registration </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
Statement, any preliminary prospectus, the General Disclosure Package, the Prospectus (or any amendment or supplement thereto) or any Issuer Free Writing Prospectus in reliance upon and in
conformity with the Selling Stockholder Information provided by such Selling Stockholder; provided, that the liability under this subsection of each Selling Stockholder shall be limited to an amount equal to the aggregate proceeds after underwriting
commissions and discounts, but before expenses, to such Selling Stockholder from the sale of Securities sold by such Selling Stockholder hereunder. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B></B>(c) <B></B><I>Indemnification of Company, Directors and Officers and Selling Stockholders</I><B></B>. Each Underwriter severally agrees to indemnify and hold harmless the Company, its directors,
each of its officers who signed the Registration Statement, and each person, if any, who controls the Company within the meaning of Section&nbsp;15 of the 1933 Act or Section&nbsp;20 of the 1934 Act, and each Selling Stockholder and each person, if
any, who controls any Selling Stockholder within the meaning of Section&nbsp;15 of the 1933 Act or Section&nbsp;20 of the 1934 Act against any and all loss, liability, claim, damage and expense described in the indemnity contained in subsection
(a)&nbsp;of this Section, as incurred, but only with respect to untrue statements or omissions, or alleged untrue statements or omissions, made in the Registration Statement (or any amendment thereto), including any information deemed to be a part
thereof pursuant to Rule 430B, the General Disclosure Package or the Prospectus (or any amendment or supplement thereto) in reliance upon and in conformity with the Underwriter Information.<B> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) <I>Actions against Parties; Notification</I>. Each indemnified party shall give notice as promptly as reasonably practicable to each
indemnifying party of any action commenced against it in respect of which indemnity may be sought hereunder, but failure to so notify an indemnifying party shall not relieve such indemnifying party from any liability hereunder to the extent it is
not materially prejudiced as a result thereof and in any event shall not relieve it from any liability which it may have otherwise than on account of this indemnity agreement. In the case of parties indemnified pursuant to Section&nbsp;6(a) and 6(b)
above, counsel to the indemnified parties shall be selected by the Representatives, and, in the case of parties indemnified pursuant to Section&nbsp;6(c) above, counsel to the indemnified parties shall be selected by the Company. An indemnifying
party may participate at its own expense in the defense of any such action; provided, however, that counsel to the indemnifying party shall not (except with the consent of the indemnified party) also be counsel to the indemnified party. In no event
shall the indemnifying parties be liable for fees and expenses of more than one counsel (in addition to any local counsel) separate from their own counsel for all indemnified parties in connection with any one action or separate but similar or
related actions in the same jurisdiction arising out of the same general allegations or circumstances. No indemnifying party shall, without the prior written consent of the indemnified parties, settle or compromise or consent to the entry of any
judgment with respect to any litigation, or any investigation or proceeding by any governmental agency or body, commenced or threatened, or any claim whatsoever in respect of which indemnification or contribution could be sought under this
Section&nbsp;6 or Section&nbsp;7 hereof (whether or not the indemnified parties are actual or potential parties thereto), unless such settlement, compromise or consent (i)&nbsp;includes an unconditional release of each indemnified party from all
liability arising out of such litigation, investigation, proceeding or claim and (ii)&nbsp;does not include a statement as to or an admission of fault, culpability or a failure to act by or on behalf of any indemnified party. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e) <I>Settlement without Consent if Failure to Reimburse</I>. If at any time an indemnified party shall have requested an indemnifying
party to reimburse the indemnified party for fees and expenses of counsel, such indemnifying party agrees that it shall be liable for any settlement of the nature contemplated by Section&nbsp;6(a)(ii) effected without its written consent if
(i)&nbsp;such settlement is entered into more than 45 days after receipt by such indemnifying party of the aforesaid request, (ii)&nbsp;such indemnifying party shall have received notice of the terms of such settlement at least 30 days prior to such
settlement being entered into and (iii)&nbsp;such indemnifying party shall not have reimbursed such indemnified party in accordance with such request prior to the date of such settlement. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f) <I>Other Agreements with Respect to Indemnification</I>. The provisions of this Section
shall not affect any agreement among the Company and the Selling Stockholders with respect to indemnification. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SECTION 7.
<U>Contribution</U>. If the indemnification provided for in Section&nbsp;6 hereof is for any reason unavailable to or insufficient to hold harmless an indemnified party in respect of any losses, liabilities, claims, damages or expenses referred to
therein, then each indemnifying party shall contribute to the aggregate amount of such losses, liabilities, claims, damages and expenses incurred by such indemnified party, as incurred, (i)&nbsp;in such proportion as is appropriate to reflect the
relative benefits received by the Company and the Selling Stockholders, on the one hand, and the Underwriters, on the other hand, from the offering of the Securities pursuant to this Agreement or (ii)&nbsp;if the allocation provided by clause
(i)&nbsp;is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i)&nbsp;above but also the relative fault of the Company and the Selling Stockholders, on the one
hand, and of the Underwriters, on the other hand, in connection with the statements or omissions which resulted in such losses, liabilities, claims, damages or expenses, as well as any other relevant equitable considerations. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The relative benefits received by the Company and the Selling Stockholders, on the one hand, and the Underwriters, on the other hand, in
connection with the offering of the Securities pursuant to this Agreement shall be deemed to be in the same respective proportions as the total net proceeds from the offering of the Securities pursuant to this Agreement (before deducting expenses)
received by the Selling Stockholders, on the one hand, and the total underwriting discount received by the Underwriters, on the other hand, in each case as set forth on the cover of the Prospectus, bear to the aggregate initial public offering price
of the Securities as set forth on the cover of the Prospectus. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The relative fault of the Company and the Selling
Stockholders, on the one hand, and the Underwriters, on the other hand, shall be determined by reference to, among other things, whether any such untrue or alleged untrue statement of a material fact or omission or alleged omission to state a
material fact relates to information supplied by the Company or the Selling Stockholders or by the Underwriters and the parties&#146; relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Company, the Selling Stockholders and the Underwriters agree that it would not be just and equitable if contribution
pursuant to this Section&nbsp;7 were determined by pro rata allocation (even if the Underwriters were treated as one entity for such purpose) or by any other method of allocation which does not take account of the equitable considerations referred
to above in this Section&nbsp;7. The aggregate amount of losses, liabilities, claims, damages and expenses incurred by an indemnified party and referred to above in this Section&nbsp;7 shall be deemed to include any legal or other expenses
reasonably incurred by such indemnified party in investigating, preparing or defending against any litigation, or any investigation or proceeding by any governmental agency or body, commenced or threatened, or any claim whatsoever based upon any
such untrue or alleged untrue statement or omission or alleged omission. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Notwithstanding the provisions of this
Section&nbsp;7, no Underwriter shall be required to contribute any amount in excess of the underwriting commissions received by such Underwriter in connection with the Securities underwritten by it and distributed to the public. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">No person guilty of fraudulent misrepresentation (within the meaning of Section&nbsp;11(f) of the 1933 Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent misrepresentation. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">For purposes of this Section&nbsp;7, each person, if any, who controls an Underwriter within
the meaning of Section&nbsp;15 of the 1933 Act or Section&nbsp;20 of the 1934 Act and each Underwriter&#146;s Affiliates and selling agents shall have the same rights to contribution as such Underwriter, and each director of the Company, each
officer of the Company who signed the Registration Statement, and each person, if any, who controls the Company or any Selling Stockholder within the meaning of Section&nbsp;15 of the 1933 Act or Section&nbsp;20 of the 1934 Act shall have the same
rights to contribution as the Company or such Selling Stockholder, as the case may be. The Underwriters&#146; respective obligations to contribute pursuant to this Section&nbsp;7 are several in proportion to the number of Initial Securities set
forth opposite their respective names in Schedule A hereto and not joint. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The provisions of this Section shall not affect any
agreement among the Company and the Selling Stockholders with respect to contribution. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SECTION 8. <U>Representations,
Warranties and Agreements to Survive</U>. All representations, warranties and agreements contained in this Agreement or in certificates of officers of the Company or any of its subsidiaries or the Selling Stockholders submitted pursuant hereto,
shall remain operative and in full force and effect regardless of (i)&nbsp;any investigation made by or on behalf of any Underwriter or its Affiliates or selling agents, any person controlling any Underwriter, its officers or directors, any person
controlling the Company or any person controlling any Selling Stockholder and (ii)&nbsp;delivery of and payment for the Securities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SECTION 9. <U>Termination of Agreement</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) <I>Termination</I>. The
Representatives may terminate this Agreement, by notice to the Company and the Selling Stockholders, at any time at or prior to the Closing Time (i)&nbsp;if there has been, in the judgment of the Representatives, since the time of execution of this
Agreement or since the respective dates as of which information is given in the Registration Statement, the General Disclosure Package or the Prospectus, any material adverse change in the condition, financial or otherwise, or in the earnings,
business affairs or business prospects of the Company and its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business, or (ii)&nbsp;if there has occurred any material adverse change in the financial
markets in the United States or the international financial markets, any outbreak of hostilities or escalation thereof or other calamity or crisis or any change or development involving a prospective change in national or international political,
financial or economic conditions, in each case the effect of which is such as to make it, in the judgment of the Representatives, impracticable or inadvisable to proceed with the completion of the offering or to enforce contracts for the sale of the
Securities, or (iii)&nbsp;if trading in any securities of the Company has been suspended or materially limited by the Commission or the Nasdaq Global Market, or (iv)&nbsp;if trading generally on the New York Stock Exchange or in the Nasdaq Global
Market has been suspended or materially limited, or minimum or maximum prices for trading have been fixed, or maximum ranges for prices have been required, by any of said exchanges or by order of the Commission, FINRA or any other governmental
authority, or (v)&nbsp;a material disruption has occurred in commercial banking or securities settlement or clearance services in the United States or with respect to Clearstream or Euroclear systems in Europe, or (vi)&nbsp;if a banking moratorium
has been declared by either Federal or New York authorities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) <I>Liabilities</I>. If this Agreement is terminated pursuant
to this Section, such termination shall be without liability of any party to any other party except as provided in Section&nbsp;4 hereof, and provided further that Sections 1, 6, 7, 8, 15,16 and 17 shall survive such termination and remain in full
force and effect. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SECTION 10. <U>Default by One or More of the Underwriters</U>. If one or more of the Underwriters shall
fail at Closing Time or a Date of Delivery to purchase the Securities which it or they are obligated to </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
purchase under this Agreement (the &#147;Defaulted Securities&#148;), the Representatives shall have the right, within 24&nbsp;hours thereafter, to make arrangements for one or more of the
non-defaulting Underwriters, or any other underwriters, to purchase all, but not less than all, of the Defaulted Securities in such amounts as may be agreed upon and upon the terms herein set forth; if, however, the Representatives shall not have
completed such arrangements within such 24-hour period, then: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) if the number of Defaulted Securities does
not exceed 10% of the number of Securities to be purchased on such date, each of the non-defaulting Underwriters shall be obligated, severally and not jointly, to purchase the full amount thereof in the proportions that their respective underwriting
obligations hereunder bear to the underwriting obligations of all non-defaulting Underwriters, or </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) if the
number of Defaulted Securities exceeds 10% of the number of Securities to be purchased on such date, this Agreement or, with respect to any Date of Delivery which occurs after the Closing Time, the obligation of the Underwriters to purchase, and the
Company to sell, the Option Securities to be purchased and sold on such Date of Delivery shall terminate without liability on the part of any non-defaulting Underwriter. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">No action taken pursuant to this Section shall relieve any defaulting Underwriter from liability in respect of its default. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">In the event of any such default which does not result in a termination of this Agreement or, in the case of a Date of Delivery which is after the Closing Time, which does not result in a termination of
the obligation of the Underwriters to purchase and the Selling Stockholders to sell the relevant Option Securities, as the case may be, either the (i)&nbsp;Representatives or (ii)&nbsp;the Company and any Selling Stockholder shall have the right to
postpone Closing Time or the relevant Date of Delivery, as the case may be, for a period not exceeding seven days in order to effect any required changes in the Registration Statement, the General Disclosure Package or the Prospectus or in any other
documents or arrangements. As used herein, the term &#147;Underwriter&#148; includes any person substituted for an Underwriter under this Section&nbsp;10. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SECTION 11. <U>Default by One or More of the Selling Stockholders</U>. If a Selling Stockholder shall fail at the Closing Time or a Date of Delivery, as the case may be, to sell and deliver the number of
Securities which such Selling Stockholder is obligated to sell hereunder, and the remaining non-defaulting Selling Stockholder does not exercise the right hereby granted to increase, pro rata or otherwise, the number of Securities to be sold by such
non-defaulting Selling Stockholder hereunder to the total number to be sold by all Selling Stockholders as set forth in Schedule B hereto, then the Underwriters may, at option of the Representatives, by notice from the Representatives to the Company
and the non-defaulting Selling Stockholders, either (i)&nbsp;terminate this Agreement without any liability on the fault of any non-defaulting party except that the provisions of Sections 1, 4, 6, 7, 8, 15, 16 and 17 shall remain in full force and
effect or (ii)&nbsp;elect to purchase the Securities which the non-defaulting Selling Stockholders have agreed to sell hereunder. No action taken pursuant to this Section&nbsp;11 shall relieve any Selling Stockholder so defaulting from liability, if
any, in respect of such default. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">In the event of a default by any Selling Stockholder as referred to in this Section&nbsp;11,
each of the Representatives, the Company and the non-defaulting Selling Stockholders shall have the right to postpone the Closing Time or any Date of Delivery, as the case may be, for a period not exceeding seven days in order to effect any required
change in the Registration Statement, the General Disclosure Package or the Prospectus or in any other documents or arrangements. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%;padding-bottom:0px; "><FONT STYLE="font-family:Times New Roman" SIZE="2">SECTION 12. <U>Notices</U>. All notices and other communications
hereunder shall be in writing and shall be deemed to have been duly given if mailed or transmitted by any standard form of telecommunication. Notices to the Underwriters shall be directed to the Representatives in care of Merrill Lynch at One Bryant
Park, New York, New York 10036, attention of Syndicate Department, with a copy to ECM Legal, in care of Barclays Capital Inc. at 745 Seventh Avenue, New York, New York 10019, Attention: Syndicate Registration, and also in care of Citigroup Global
Markets Inc. General Counsel (fax no.: (212)&nbsp;816-7912) and confirmed to the General Counsel, Citigroup Global Markets Inc., at 388 Greenwich Street, New York, New York, 10013, Attention: General Counsel; notices to the Company shall be directed
to it at 380 Madison Avenue, 21</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">st</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"> Floor, New York, New
York 10017, attention of Peter Ziemba, with a copy to Jocelyn Arel, Goodwin Procter LLP, Exchange Place, Boston, MA 02109; and notices to the Selling Stockholders shall be directed to Peter Ziemba and Amit Muni at 380 Madison Avenue, 21</FONT><FONT
STYLE="font-family:Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">st</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"> Floor, New York, New York 10017, with a copy to Jocelyn Arel,
Goodwin Procter LLP, Exchange Place, Boston, MA 02109. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SECTION 13. <U>No Advisory or Fiduciary Relationship</U>. Each of the
Company and each Selling Stockholder acknowledges and agrees that (a)&nbsp;the purchase and sale of the Securities pursuant to this Agreement, including the determination of the initial public offering price of the Securities and any related
discounts and commissions, is an arm&#146;s-length commercial transaction between the Company and the Selling Stockholder, on the one hand, and the several Underwriters, on the other hand, (b)&nbsp;in connection with the offering of the Securities
and the process leading thereto, each Underwriter is and has been acting solely as a principal and is not the agent or fiduciary of the Company, any of its subsidiaries or any Selling Stockholder, or its respective stockholders, creditors, employees
or any other party, (c)&nbsp;no Underwriter has assumed or will assume an advisory or fiduciary responsibility in favor of the Company or any Selling Stockholder with respect to the offering of the Securities or the process leading thereto
(irrespective of whether such Underwriter has advised or is currently advising the Company, any of its subsidiaries or any Selling Stockholder on other matters) and no Underwriter has any obligation to the Company or any Selling Stockholder with
respect to the offering of the Securities except the obligations expressly set forth in this Agreement, (d)&nbsp;the Underwriters and their respective affiliates may be engaged in a broad range of transactions that involve interests that differ from
those of each of the Company and each Selling Stockholder, and (e)&nbsp;the Underwriters have not provided any legal, accounting, regulatory or tax advice with respect to the offering of the Securities and the Company and each of the Selling
Stockholders has consulted its own respective legal, accounting, regulatory and tax advisors to the extent it deemed appropriate. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">SECTION 14. <U>Parties</U>. This Agreement shall each inure to the benefit of and be binding upon the Underwriters, the Company and the Selling Stockholders and their respective successors. Nothing
expressed or mentioned in this Agreement is intended or shall be construed to give any person, firm or corporation, other than the Underwriters, the Company and the Selling Stockholders and their respective successors and the controlling persons and
officers and directors referred to in Sections&nbsp;6 and 7 and their heirs and legal representatives, any legal or equitable right, remedy or claim under or in respect of this Agreement or any provision herein contained. This Agreement and all
conditions and provisions hereof are intended to be for the sole and exclusive benefit of the Underwriters, the Company and the Selling Stockholders and their respective successors, and said controlling persons and officers and directors and their
heirs and legal representatives, and for the benefit of no other person, firm or corporation. No purchaser of Securities from any Underwriter shall be deemed to be a successor by reason merely of such purchase. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SECTION 15. <U>Trial by Jury</U>. The Company (on its behalf and, to the extent permitted by applicable law, on behalf of its
stockholders and affiliates), each of the Selling Stockholders and each of the Underwriters hereby irrevocably waives, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or
relating to this Agreement or the transactions contemplated hereby. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SECTION 16. <U>GOVERNING LAW</U>. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE
ARISING UNDER OR RELATED TO THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF, THE STATE OF NEW YORK WITHOUT REGARD TO ITS CHOICE OF LAW PROVISIONS. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SECTION 17. <U>Consent to Jurisdiction; Waiver of Immunity</U>. Any legal suit, action or proceeding arising out of or based upon this
Agreement or the transactions contemplated hereby (&#147;Related Proceedings&#148;) shall&nbsp;be instituted in (i)&nbsp;the federal courts of the United States of America located in the City and County of New York, Borough of Manhattan or&nbsp;(ii)
the courts of the State of New York located in the City and County of New York, Borough of Manhattan (collectively, the &#147;Specified Courts&#148;), and each party irrevocably submits to the exclusive jurisdiction (except for proceedings
instituted in regard to the enforcement of a judgment of any such court (a &#147;Related Judgment&#148;), as to which such jurisdiction is non-exclusive) of such courts in any such suit, action or proceeding. Service of any process, summons, notice
or document by mail to such party&#146;s address set forth above shall be effective service of process for any suit, action or other proceeding brought in any such court. The parties irrevocably and unconditionally waive any objection to the laying
of venue of any suit, action or other proceeding in the Specified Courts and irrevocably and unconditionally waive and agree not to plead or claim in any such court that any such suit, action or other proceeding brought in any such court has been
brought in an inconvenient forum. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SECTION 18. <U>TIME</U>. TIME SHALL BE OF THE ESSENCE OF THIS AGREEMENT. EXCEPT AS
OTHERWISE SET FORTH HEREIN, SPECIFIED TIMES OF DAY REFER TO NEW YORK CITY TIME. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SECTION 19. <U>Counterparts</U>. This
Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts shall together constitute one and the same Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SECTION 20. <U>Effect of Headings</U>. The Section headings herein are for convenience only and shall not affect the construction hereof.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">SECTION 21. <U>Patriot Act Requirements</U>. In accordance with the requirements of the USA Patriot Act (Title III of Pub. L.
107-56 (signed into law October&nbsp;26, 2001)), the underwriters are required to obtain, verify and record information that identifies their respective clients, including the Company, which information may include the name and address of their
respective clients, as well as other information that will allow the underwriters to properly identify their respective clients. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">If the foregoing is in accordance with your understanding of our agreement, please sign and
return to the Company and the Attorney-in-Fact for the Selling Stockholders a counterpart hereof, whereupon this instrument, along with all counterparts, will become a binding agreement among the Underwriters, the Company and the Selling
Stockholders in accordance with its terms. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="79%"></TD></TR>


<TR>
<TD VALIGN="top" COLSPAN="5"><FONT STYLE="font-family:Times New Roman" SIZE="2">Very truly yours,</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"><FONT STYLE="font-family:Times New Roman" SIZE="2">WISDOMTREE INVESTMENTS, INC.</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Peter M. Ziemba</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Executive Vice President&#150;Business and</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Legal Affairs, Chief Legal Officer</FONT></P></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5"><FONT STYLE="font-family:Times New Roman" SIZE="2">PETER M. ZIEMBA</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Peter M. Ziemba</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">As Attorney-in-Fact acting on behalf of</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">the Selling Stockholders named in</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule B hereto</FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">[Underwriting Agreement] </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The foregoing Underwriting Agreement </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">is hereby confirmed and accepted </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">as of the date first above written: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">MERRILL LYNCH, PIERCE, FENNER&nbsp;&amp; SMITH </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:13%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;INCORPORATED </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">BARCLAYS CAPITAL INC. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">CITIGROUP GLOBAL MARKETS INC. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="93%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">MERRILL&nbsp;LYNCH,&nbsp;PIERCE,&nbsp;FENNER&nbsp;&amp;&nbsp;SMITH</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px; text-indent:6.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;INCORPORATED</FONT></P></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ John R. Erickson</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Authorized Signatory</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">BARCLAYS CAPITAL INC.</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Victoria Hale</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Authorized Signatory</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">CITIGROUP GLOBAL MARKETS INC.</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Matthew Nicholls</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Authorized Signatory</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">For themselves and as Representatives of the other Underwriters named in Schedule A hereto. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">[Underwriting Agreement] </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">SCHEDULE A </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The public offering price per share for the Securities shall be $6.10. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The purchase price per
share for the Securities to be paid by the several Underwriters shall be $5.87125, being an amount equal to the public offering price set forth above less $0.22875 per share, subject to adjustment in accordance with Section&nbsp;2(b) for dividends
or distributions declared by the Company and payable on the Initial Securities but not payable on the Option Securities. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="83%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:68pt"><FONT STYLE="font-family:Times New Roman" SIZE="1">Name of Underwriter</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1">Number&nbsp;of</FONT><br><FONT STYLE="font-family:Times New Roman" SIZE="1">Initial&nbsp;Securities</FONT></TD>

<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Merrill Lynch, Pierce, Fenner &amp; Smith</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px; margin-left:5.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;Incorporated</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">6,500,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Barclays Capital Inc.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">6,500,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Citigroup Global Markets Inc.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">5,200,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Morgan Stanley &amp; Co. LLC</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">3,640,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Goldman, Sachs &amp; Co.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">2,080,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Piper Jaffray &amp; Co.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">1,040,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Sterne, Agee &amp; Leach, Inc.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">1,040,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Total</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">26,000,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Sch A-1
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">SCHEDULE B </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="88%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1">Number&nbsp;of&nbsp;Initial</FONT><br><FONT STYLE="font-family:Times New Roman" SIZE="1">Securities&nbsp;
to&nbsp;be&nbsp;Sold</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1">Maximum&nbsp;Number&nbsp;of&nbsp;Option</FONT><br><FONT STYLE="font-family:Times New Roman" SIZE="1">Securities
to Be Sold</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">RRE Venture III-A, L.P.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">14,035,323</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">2,088,124</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">RRE Venture Fund III, L.P.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">1,172,887</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">174,498</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">RRE Venture III, L.P.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">645,897</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">96,094</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Michael Steinhardt</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">6,145,893</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">1,509,469</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Judy and Michael Steinhardt Foundation</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">4,000,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">0</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Total</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">26,000,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">3,868,185</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:3px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Sch B-1
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">SCHEDULE C-1 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><U>Pricing Terms </U></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">1. The Selling Stockholders are selling 26,000,000 shares of Common Stock.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">2. Certain Selling Stockholders have granted an option to the Underwriters, severally and not jointly, to purchase up to an additional
3,868,185 shares of Common Stock. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">3. The public offering price per share for the Securities shall be $6.10. </FONT></P>
<P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">SCHEDULE C-2 </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Free Writing Prospectuses </U></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">None </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Sch C-1
</FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">SCHEDULE D </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><U>List of Persons and Entities Subject to Lock-up </U></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Flexpoint Fund, L.P. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">RRE Venture Funds </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Jonathan L. Steinberg
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Michael Steinhardt </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Sch D-1
</FONT></P>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>3
<FILENAME>d440337dex51.htm
<DESCRIPTION>OPINION OF GOODWIN PROCTER LLP
<TEXT>
<HTML><HEAD>
<TITLE>Opinion of Goodwin Procter LLP</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Exhibit 5.1 </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="57%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="22%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>


<TR>
<TD VALIGN="top">


<IMG SRC="g440337ex5_1pg01.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Goodwin Procter <SMALL>LLP</SMALL></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Counselors at Law</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Exchange Place</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Boston, Massachusetts</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">02109</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">T: 617.570.1000</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">F:
617.523.1231</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">www.goodwinprocter.com</FONT></P></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">November&nbsp;14, 2012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">WisdomTree Investments, Inc. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px;padding-bottom:0px;"><FONT STYLE="font-family:Times New Roman" SIZE="2">380 Madison Avenue, 21</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex">st</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"> Floor </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">New
York, New York 10017 </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Re:</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Securities Being Registered under Registration Statement on Form S-3 </U> </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Ladies and Gentlemen: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">We have acted as counsel to you in connection with your
filing of a Registration Statement on Form S-3 (Registration No.&nbsp;333-184505) (as amended or supplemented, the &#147;<U>Registration Statement</U>&#148;) filed on October&nbsp;19, 2012 with the Securities and Exchange Commission (the
&#147;<U>Commission</U>&#148;) pursuant to the Securities Act of 1933, as amended (the &#147;<U>Securities Act</U>&#148;), relating to the registration of up to $177,118,337.05 of common stock, par value $0.01 per share (the &#147;<U>Selling
Stockholder Shares</U>&#148;), of WisdomTree Investments, Inc., a Delaware corporation (the &#147;<U>Company</U>&#148;), to be sold by certain existing stockholders of the Company. The Registration Statement was amended on November&nbsp;8, 2012 and
was declared effective by the Commission on November&nbsp;9, 2012. Reference is made to our opinion letters dated October&nbsp;19, 2012 and November&nbsp;8, 2012 and included as Exhibit 5.1 to the Registration Statement. We are delivering this
supplemental opinion letter in connection with the prospectus supplement (the &#147;<U>Prospectus Supplement</U>&#148;) filed on November&nbsp;15, 2012 by the Company with the Commission pursuant to Rule 424 under the Securities Act. The Prospectus
Supplement relates to the offering by certain selling stockholders of up to 26,000,000 shares of the Company&#146;s Common Stock, par value $0.01 per share (the &#147;<U>Selling Stockholder Shares</U>&#148;) covered by the Registration Statement.
The Selling Stockholder Shares include an option granted to the underwriters of the offering to purchase 3,868,185 Selling Stockholder Shares. We understand that the Selling Stockholder Shares are to be offered and sold in the manner described in
the Prospectus Supplement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">We have reviewed such documents and made such examination of law as we have deemed appropriate to
give the opinions set forth below. We have relied, without independent verification, on certificates of public officials and, as to matters of fact material to the opinions set forth below, on certificates of officers of the Company. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The opinion set forth below is limited to the Delaware General Corporation Law (which includes reported judicial decisions interpreting
the Delaware General Corporation Law). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Based upon the foregoing, we are of the opinion that the Selling Stockholder Shares
have been duly authorized and validly issued, and are fully paid and nonassessable. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT STYLE="font-family:Times New Roman" SIZE="2">We hereby consent to the inclusion of
this opinion as Exhibit 5.1 to the Registration Statement and to the references to our firm under the caption &#147;Legal Matters&#148; in the Registration Statement. In giving our consent, we do not admit that we are in the category of persons
whose consent is required under Section&nbsp;7 of the Securities Act or the rules and regulations thereunder. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Very truly yours,</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Goodwin Procter <SMALL>LLP</SMALL></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">GOODWIN PROCTER LLP</FONT></TD></TR>
</TABLE></DIV>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>4
<FILENAME>d440337dex991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<HTML><HEAD>
<TITLE>Press Release</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Exhibit 99.1 </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:12px;margin-bottom:0px">


<IMG SRC="g440337ex99_1pg01.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">November&nbsp;12, 2012 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>WisdomTree Commences Secondary Offering for Existing Stockholders </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">NEW YORK, Nov. 12, 2012
(GLOBE NEWSWIRE) &#151; WisdomTree Investments, Inc. (Nasdaq:WETF), an exchange-traded fund sponsor and asset manager, today announced a proposed public offering of 26,000,000 shares by certain of its stockholders. The underwriters will be granted a
30-day option by the selling stockholders to purchase up to an additional 3,868,185 shares of common stock from such selling stockholders. WisdomTree will not receive any proceeds from the offering, and is not issuing any new shares; therefore, its
total number of shares outstanding will not change as a result of the offering. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">BofA Merrill Lynch, Barclays, Citigroup, Morgan Stanley and
Goldman, Sachs&nbsp;&amp; Co. are acting as book-running managers and Piper Jaffray and Sterne Agee are acting as co-managers for the offering. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">When available, a copy of the preliminary prospectus may be obtained from: BofA Merrill Lynch, Attn: Prospectus Department, 222 Broadway, New York, NY
10038, Email: dg.prospectus_requests@baml.com; Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Email: Barclaysprospectus@broadridge.com, Phone: (888)&nbsp;603-5847; and Citigroup, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Phone: (800)&nbsp;831-9146. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">This news release shall not constitute an offer to sell
or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>About WisdomTree </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">WisdomTree
Investments, Inc. is a New York-based exchange-traded fund (&#147;ETF&#148;) sponsor and asset manager. WisdomTree currently offers 49 ETFs across Equities, Currency Income, Fixed Income and Alternatives asset classes. WisdomTree also licenses its
indexes to third parties for proprietary products and promotes the use of WisdomTree ETFs in 401(k) plans. WisdomTree currently has approximately $16.8 billion in ETF assets under management. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">WisdomTree&reg; is the marketing name for WisdomTree Investments, Inc., and its wholly owned subsidiaries WisdomTree Asset Management, Inc. and WisdomTree Retirement Services, Inc. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">WisdomTree Asset Management, Inc. is a registered investment advisor and is the investment advisor to the WisdomTree Trust and the WisdomTree ETFs. The
WisdomTree Trust is a registered open-end investment company. Each WisdomTree ETF is a series of the WisdomTree Trust. WisdomTree Retirement Services, Inc. supports the use of the WisdomTree ETFs in retirement plans by financial professionals.
</FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Media Contacts: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">WisdomTree Investments, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Stuart Bell / Jessica Zaloom </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">+1.917.267.3702 / +1.917.267.3735 </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">sbell@wisdomtree.com / jzaloom@wisdomtree.com </FONT></P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>5
<FILENAME>d440337dex992.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<HTML><HEAD>
<TITLE>Press Release</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Exhibit 99.2 </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:12px;margin-bottom:0px">


<IMG SRC="g440337ex99_2pg01.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>WisdomTree Announces Pricing of Secondary Offering for Existing Stockholders </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">New York, NY &#150; (GlobeNewswire) &#150; November&nbsp;14, 2012 &#150; WisdomTree Investments, Inc. (NASDAQ:WETF), an exchange-traded fund sponsor and
asset manager, today announced the pricing of an underwritten public offering of 26,000,000 shares by certain of its stockholders at $6.10 per share, before underwriting discounts and commissions. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The underwriters have a 30-day option to purchase up to an additional 3,868,185 shares of common stock from certain of the selling stockholders.
WisdomTree will not receive any proceeds from the offering, and is not issuing any new shares; therefore, its total number of shares outstanding will not change as a result of the offering. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">BofA Merrill Lynch, Barclays, Citigroup, Morgan Stanley and Goldman, Sachs&nbsp;&amp; Co. are acting as book-running managers and Piper Jaffray and Sterne Agee are acting as co-managers for the offering.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">When available, a copy of the prospectus may be obtained from: BofA Merrill Lynch, Attn: Prospectus Department, 222 Broadway, New York, NY
10038, Email: dg.prospectus_requests@baml.com; Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Email: Barclaysprospectus@broadridge.com, Phone: (888)&nbsp;603-5847; and Citigroup, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Phone: (800)&nbsp;831-9146. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">A registration statement on Form S-3 relating to this
offering was declared effective by the Securities and Exchange Commission on November&nbsp;9, 2012. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in
any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>About WisdomTree </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">WisdomTree Investments, Inc. is a New York-based exchange-traded fund
(&#147;ETF&#148;) sponsor and asset manager. WisdomTree currently offers 49 ETFs across Equities, Currency Income, Fixed Income and Alternatives asset classes. WisdomTree also licenses its indexes to third parties for proprietary products and
promotes the use of WisdomTree ETFs in 401(k) plans. WisdomTree currently has approximately $16.6 billion in ETF assets under management. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">WisdomTree&reg; is the marketing name for WisdomTree Investments, Inc., and its wholly owned subsidiaries WisdomTree Asset Management, Inc. and
WisdomTree Retirement Services, Inc. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">WisdomTree Asset Management, Inc. is a registered investment advisor and is the investment advisor to
the WisdomTree Trust and the WisdomTree ETFs. The WisdomTree Trust is a registered open-end investment company. Each WisdomTree ETF is a series of the WisdomTree Trust. WisdomTree Retirement Services, Inc. supports the use of the WisdomTree ETFs in
retirement plans by financial professionals. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Media Contacts: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">WisdomTree Investments, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Stuart Bell / Jessica Zaloom </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">+1.917.267.3702 / +1.917.267.3735 </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">sbell@wisdomtree.com / jzaloom@wisdomtree.com </FONT></P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>g440337ex5_1pg01.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g440337ex5_1pg01.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`)@$4`P$1``(1`0,1`?_$`(,```("`@(#`0``````
M```````)!P@&"@,+`00%`@$!`````````````````````!````8"`0,!!00%
M"@4%`````0(#!`4&!P@`$1()%"$B$Q47,188"D&!H209\%%AX2,F=G>W.7&1
ML;4V,D(G.'@1`0````````````````````#_V@`,`P$``A$#$0`_`-_C@'`.
M`<`X!P#@'`.`<`X!P#@'`.`<#X-I=+LJQ8WK50R+II`R[ILL7IW)+MX]PJBH
M7K[.Y-0@"'_#@:0/Y;CR7[Q[@>2S;;#NQ^PMURGC6AT#(4I5*I8EFRD=#2$5
MEF.A(YRS(D@F=,[6*<'0+[1]P0#]'`WG.`<`X!P#@'`.`<`X!P#@'`.`<`X!
MP#@+CV]\F6&-4<B57`T=2<L[';-WB&6LE:UUUYIZU\R(%:05*D>SV@B*J,;3
M*ZH<1!)U(*I%6$H@0#=.O`QC63RH8KSMFEKK)E+#N>=0ME9B&D;)4<0['TA2
MJ/,AP$2F#B4D,=6=FN]KEP-%M>JSI!NM\9!(.X2B'7H#$LA9"I.)Z-;,EY)L
M\/2Z#18&1L]NM=@>I1\+`0,2W.[D).1>+F*FBW;H)B(_I$>@``B(!P$OI><N
MHS$&OEFE:';_`-[U9:E5?*;+UW`[Y2H/*VVZG<W*#JSEZC<IRID;`*Y'B+7M
M51Z&*'MX#<\#9XQ-LUB6E9PPA=(F_8RR!#H35:LD.L"B+A!4.BS1V@;HO'RL
M<X`R+IJL4BS=<AB'*`AP%[YU\M^,<?9LN.M^`,";$[L9KQD+,N6:SK52"66`
MQ6Y?-P=MH>[WJ0=L:S%6=1J(*?+?C'=%*8O<4O<`<":M,O(Q@_<^7OV/J]"Y
M%P]GO$HQ_P!5==LYU-UC_+E+0E2F-&RZM??G,$U6G_:)49)D=9J<X"43`;V<
M#W]Z=^<>:'P.))*Z8[RSE6?S?DEOBG&]#PU51M]RL5Q=L%I%M',XD'+8RAEF
MZ!NWH;J(AP*EM/-KA6J3M?8;+ZS[H:?52SS,?7XW*^PN!9RK8H8R\DN5NT0L
M]V9N)".JS998P%!P\!-#N,`"8.O`;'>\@QE(QA;\J),W]LA:E1YR^E8U0B<K
M)V*)@X-S8!0KJ21_A23V39-NC0I#=%CG*`#[P<"LR&_6`'&BI_(865EB:_I8
M>7S2NZ58`G8VU<:LSKN8MQ$"KW)6%!VF+0[43=P.0[/MX'BK[]Z^6S15#R&1
MDU(AKZMAZ2S09ZNS(2?1KL2R=N'\4I%_&$0L23MDHT!KW]QG0`0/:/`LQBC(
M+/+.,,>Y1CH:;KL=D2F5N[1\%96GR^PQ+&SQ#299L)MAW']%*MFSPI5TA$13
M4`2C[0X$):B[>8XW+I%YOF,XZQQD10<O9%PQ+HV5DFQ=K6?&<\M7YURT3355
M!2,7>("*!Q$!,3VB`<"/HOR)ZY.M\KAXZ9>><U?8BO8UJN5*[&6`&K*(R+7;
M(B^7<M*6].X[Y*<KZ+$5';3L!3X(BH3N*0W0,]REMY1,4;2:TZHS<%9'MWV@
MA<M3E-FXY%L>O0S;$$5"2T\G/K*+$<I*OT)U,K8$R'`QBF[NG`L9<_\`P^V?
MX:G?^UNN!USWY23_`'>=Y_\`+'*?^MT/P.Q%RSD>#P[BW)&6K,D]7KF,*);<
M@SZ$:D"\@M#4Z!?V&328H&,0%GBC./."11$`,<0#KP$YT7S6S>3J36,DX^\8
M7D@M]!N<$RM%4M<%A-H]BK!79)N5W'S$4J6;`7;1ZU,"B0@'4Y1#I]O`8WIK
MN?A?>;$I\N87<61JQBK+-4>YTZ\U]W4K_CZ]5IQZ2?J%TJS\1>PTQ'./_:?J
M50@@<HB`\"I.P/EAK^&-H;OJ91M2ML-E\F8XH5*R+=3X#Q\VMT17J_?5I-O7
MCR#A22:*(K.5XI4O02].H>S@>[@CRRXWRCGFD:UY<UXVAU%RQE9E-O,/Q>R6
M,5J7"Y26K+/YC/PU2L2+Q[&NK%&Q_5P+(PE6.B4QR^PO`89F?,N,M>\77?-&
M8[?$43&F.X%]9+;:9MP5NPC(M@D*BAA$??7<K&`$T44P,HLJ8I"`)A`.`GPG
MF];'KGUD+X[O(".J0H_-R['!ALGRPU.Z?%^_@8Z&1"^A4O1_O'J?3=?@^]V\
M!PV&\QXSV!Q?2,SX=N$/?<9Y%@65DJ%L@7)'<;+Q3Y/O3534(/5-9$X&362.
M!5$52&(8`,40X%*]O?)CB75?)-5U_K^/,N;,[07:$7L\!KQKW5OOC>6E6;G*
MF>U7)P9PWB:-7%3&$$74BJF5<2CV`;IUX&+ZS^4W'^:\VQ^L&8\%9ZT[V1L$
M-)V.D8NV$J2<0EDF#A4?4R[S'5SB'#^L6I>):`*SELDL5=%(HF$H@`]`D7:K
M>2Y:U7Z'H]=TCV_V2:RM<;3RESP#CEO;JE&.'#YZS&!D9%629BA-(%:%5.EV
MB!4EB#U]O`I'A?SEM-A(M.QX@\<WD(O%2)=Y3'LG;(7#K)U!PMIKTY]W;5&R
M;HLU_8+5:4*HF^#H/PA2-]O3@,!W@WGH>B>#JYF[(5"R3=T+9?:!C.O4/'4(
MC-7J5N61WZ<77H5K%+.6Q%':D@J"1R]_4#^P.!4IAY9,FNY%A'J^*CR5,2O'
M[1BH^=X19D9L@<N4VYG;M4)P>QJV`_>H;V]"%$>`V6X7&/I%#M.0)IN\+$U&
MHS=QEFJ*0'?ECX"&=3;]NDB(@!G@-FARE+U#J?V<!*N-O-V]S)1*WE'$_C.\
MC&0L;W..-,4^ZUG"[)]!66'!PX;)R<2Y";*+AHLJV.!#=`Z].!)_\;_3;\/'
MUT^7YF^]7UF_#E^&?Z9R_P")CZ\^C^8?33Z6=_S3YE\M_>_4=WI?1_VW?V\"
M$/'4^K4!Y9/,;6\IK,V6QUFRAAVSX\+/G21L$[JV&,HIK2_N@=T)5GM7BYY-
MR1PFV$Q$G(]5``>G`Y<_[4;E8)\A^F&*\OT;2:_8XV.V#LN.<2.*JG<I39;&
M-$"JNI29O3A*<AP8PK<S)MZ1^Y8K%;F%4A#F[1Z<#-?S!C.1<>.Z7>2#9^_P
M[!YXUSG]EH^-1=.5GFO,3EZK.LCD=-V("[5B4&9$UGH%Z@#1-03^X!N`X*F6
M;'LCC>MVBG3586QBK48J1KTW$OHW[I%J`12"L<Y9O6Z@1:4,C%`3M$#%2(D'
MZ`#@(R\&8%DZ%Y)K-A@AFNN%PWZV#EM53MRBE7G,*=!HUL,M4P.4C8U;?WU-
M<Z"B(>G.(&$@B'`RK\OJ]J;/4'*=+D5(]MLO5-M]FDMM8MT*:5U^K\CE:POT
MI>T-5Q"4,VE:<O&GCEE`%!1H4/@B)0$.!CVQKVO6/S]:!,L-*L7F4Z/K1L6M
MM*ZKQDUU8C"\T:O$QK"WY9D)DFKM[<TW"T8@\$%Q3[C)E[!Z\#./+R)@V-\-
M`@/:/\1RG]!`W;T_N=.=?>Z@`>S^<0X%\_(A;,!U;239Y[LC(5A'#Z^%[\QM
MK*R.&7II=N\K[UNTB6#5R(J/9M_(*))L4D2F<"[%/X0=X%$`BWQ!0N2HGQAZ
M50N96TH2ZHZ_4A"3861-;YPA#+1@&K;":1>@9SZU"KJ-4UB+?VG4!`P=>O`U
MU#Q\Q'Y7<_E_2HR+AC)^2!3."S!<%U?B^.F54^O;ILKV@#-6#-8G001D>[H4
M"B00Z>P`X+)&R\%E>_?E^(])XRC,I^12JYOJ,8W9NFZ3'QXV<%L\Y#:1IDB^
MC;0,/:Z0^@2I@;[)`"``AP-U%JV09-F[-HBFW:-$$6S5ND4")(-T$RI(HI$*
M``1-),@%``^P`Z<!&_@,_P#K7LS_`/O[;S_5&1X%),SZ4U/=_P`Q_D6I:]CD
ML99?QYJGIID37?/58(!;OA+*T++6IS#V>!6!1/U,6]50*VE&"@BB_8G43,`"
M(&`,!QCMMEO.?E_\:.`MKJ(KC?=+56G[C5?.,6P8.DJ)D6`GZ12RX]SIC"44
M3](^I^3F,,X<"U(<ZD:\35;G`.TO4-L2Y_\`A]L_PU._]K=<#KGORDG^[SO/
M_ECE/_6Z'X&^KOH(!H]N)W`(E_"]GKJ!>@&$/I=:.O3K[.O`2-XY\>>::3T(
MU!=XJV5T/KV.G>O6,5*1&6[!659JU1%94J[#Y*TGW["X,HV3F63#L(NHDFDD
MJJ41#H`]>`VGQYZ1OM*L;Y&:77)RV9LV9XRS:<Y9SR86`0J<38LA6TZ?J4:W
M5FSEVE!UV(9H$;M4S*G5,0G<H/<(\!05BKF\%C\Y^]26EF3]?L;2;74C4\]Z
M5SS0;;>6LJR/-9""*3KJ=4F(=6/6;*B<5S+&.!P,4`#V<#@U]KFV&R_ENB<7
M>3++N+&V0_'A%CL-JOC;!N.)>FT_.L3E>NKT5[FP]HL\]+RTFWHYE7,2ZA42
ME%J].!U1[1+U"TWY@5O\+5S7FR6YHZ?Z_P!)WBUEMNS#1!%1=F3$$5<^Z1DK
M$DB4PFJD1*J-EY#O`4"HE[E0[0'@.G4N&/"X_/=#V.I_3`*P::&REDXL:8-0
M^6>J^8EDR+?*308Q/O@<#?!^#]GN\!+'Y?A$J^JF?+/3FKICKO>=W=G+AJHV
M.BHWBS8'E;RN,`\K2!R)D1K$E-HR"[("%!,45`$O4!`>!\/QY25;JWEM\PE0
MRNX91VQ-TR%AJY8P"?.DA.6;5Y/'C1E5B4U1T)5I"N0D^FL1TDV$Y47(]3E#
M@-MRCFK6FB9BP3CO*-EH#/-^39RP1&!X&89,9.]/)1M!+/+*K5Q!H[DX%L:%
M3,FY=`9LBH4P)&.(F`HA8[@(W_+\B(Z3Y2ZB(]-Y]TNG4>O3_P";I_[.!C'Y
MAN.L\OJ?KI%4JRMZ9<9'?G4=E5K>\BDYUI5YYQDIHG&3KF$5<-$Y=&-<F*H9
ML95,JH%[1,7KUX#!M4L3;E8PGK8]VEW*I>RD)*1K-O5H>O8*A</*UJ11<J*/
M'SA]'7&S&EDW3<Q2`D8J8)B7KU'[.!/6RXE'6_8`3"(D'".5A'L'VB0:)/=>
MT?LZ]/L'@:O/CV;>;&F>(?`.3M7\FZ5VJF5;7A]:,58>M6(LDNLD3T9$/)YX
MQJLC9FMN8P+FR.BHG3(J1-)%13M#V=1,(1C]$L<?PP/XPWXQC?C%^O'XW_JS
M],D/NW^)'[J?07\)GT1^9_,?A^L_NC\'X_S/U?[S_P"GWN!LL;=>.;6#=*5J
M=RRI7K36,NX_;NF=`SOAZ[6'%&:J;'OC][V*A[]4G;*25AG9O:HR=@Y:B81$
M$P$1$0Q;5?Q>ZMZG9"D,TUQODO+V>Y*(4KRF>MC,EV;-.5X^N*]WQH"O6&UN
M5D:O%.2F[5DHUNU%<ONJ"8OLX%^K%78"WP$U5;5"Q=CK-CBW\)8*_-L&\G#S
M4/)ME&<C%R<<\36:/F#YHL9-5)0IB'(80$!#@)M=>!+1LRCZO0UAVHJ&$)1V
MX<R6K]0VARQ`ZZ/&[U4ZSV%#'S:;$S*MNQ.)#QS=VBT^&/8"8%Z!P&Y8RQCC
M[#%`J>+,4T^`H&.J+"LZ[4:=5X]"+@H"&CTP2:L8]DW*5--,A0ZF$>ISG$3&
M$3"(B%!=D?$UJCL;E60SR"V8<!9UGV;2-N&7=7\N6S"%ROL:Q3!!DTOBE6<E
MB+:9H@`)I.'K15TFF`%!4"@``$T:AZ$:SZ11ML3P;4),EOR*]:R>3\L7VSSF
M1,OY-DF93$9N[QD2UO)&?F09$4$$$/B)M4`$?AI%$1$0YMQ]%-?M[*Q0ZOGR
M-N#AOC&Z(Y"HLO1+W9<=V>M6U!FJQ1EXRQU1]'RS1RFU6,4!(J40Z]0Z<"K%
M-\).@E:M];NUKJ&5LZ25.E6\]58K8K/>7<W5&#G6A@.UF&U*OMMEJLYD6QP[
MDSN6B_88.I0`0X#:DTR)D(FD0B::9"IIID*!4TR$`"D(0A>A2E(4.@`'L`.!
M6T=1<!#M47=0:*V_$87%0X7"^>K=?%"@C+#,&C?E_P`7T/J3.NA!<=GQO@@"
M?7M#IP/T\U)P*^VHB-T75)05V)@<4R&%HR]"[=][>@2<P2;<QGRX%/1&<^L`
MQ2.!)\4J*JA`'M./`LD'Z_U\"O6N&K^(-4JI:Z7AB$?P4#=,DW;+$^VD)9[,
M*N;ID*75G+,^37>G.=!N[D5C&(B7HFF'NE#@?2KFMV'*GG[(^SL#4B,<UY:I
MM/H%]N`2,FL><JE"5=+5:,-&+.U(IH$8H^4$%$44U%.[WS&Z!P/-NULPA><U
MXOV,L^/H20S9AN+L\'CS(I2+MK#!P=Q:`SL,(=PU51+)1+U,O<5NZ!9-%41.
MF!#F,(A)MS'^Y]L_PU._\_E;K@=<_P#E)/\`=YWG_P`L<I_ZW0_`[%;(=$K.
M4J#=L:71B>3I^0JG8:3:HTCA9F=_7+3$NX2:9D=MCIN&QG,:^4("B9BG)W=2
MB`@'`^-AW$]'P/BS'V&,9Q2D'CW&%2A*338=9ZZD58RN5]BE'Q3-1\^57>.S
M(-42E%14YCF$.HB/`DG@0)6-:,04_83)FT4!75VN9<OTFE8]OED-+2*[>5JV
M/W,F[JS%*(6<'C61V*\PN)E$DR**]WO"/0.!ZF0M7,,9/S;A?8JTUIQ]9,!$
ML[3'5UAY>1A)%M"W)F1G8JS.%C7#="S5>0!(BWH'I5FZ;D@+$*53WA"8+G3*
MGD6IV*B7RN0UOIENB'T!9ZO8H]M*P<]"R:!VS^,E(YXFJV=M'2"@E,0Y1`0_
MI]O`3^'@0T"[_D)D]BC84!YZS\,)MFLPCKA\/U`N31(XQ^\_HAKPJ"(#&BMZ
M$4Q[/A=GN\!P-.IU4Q[5:_1J+786H4VIQ+&!K-7KL<VB(*!A8U`C9A%Q<8R3
M1:L631N0"D3(4"E`/LX%0]N?'=JYNJ^J-ES'4)R/R;CPCI''F:L7W&QXNS)1
MV[\>Y\QK^0J<_C)M*+>&]JC-8Z[4QA$WP^HB/`Q/5?Q@:HZDW^3S)3(:^Y(S
MK+Q)J^[SKGW)-LS1E="OG`Q5(*%L]TD'PUR+7(<2JI1R37XQ?=4$P>S@,,Z_
MU_R_HX$":YZSX?U2HLOCC"5<<5BI3E^O.39*.<2LE,'6N.1IYS9+;)%=2:[E
MPF20EW1U"HE,"20#VD``]G`Q;;O3C!&\>*D,-;#5^9L5':6VM7IBA7K58*9,
MQ]JJ3X)&OR\?8*P_C9=DYCW@`H0R:I1[@Z_HX%%1\%NCHCU&;VW[NH&$1W0V
M4,(F`>O4>N11`1_9P&KN,>UEYCEUBMZ@]?4]]3'-">MGTD^=R#VMO(52`=(.
MI9=8\BX=KQJQBG<'4%83B)A-W>W@8Q@+!6-=9<-X]P)AV$5K>,<75]&L4R#7
MD7LLM&0R"[ARFV4D9)9P^=F!9R<>]4YC>W[>!5'^%KI=ZKI],WWW:_$Q^+WZ
M>?>ZR?3;\0'I/3_?G[D?,?D7Q/6_O_I/A>D^9?O7P_B^]P&&\`X`'3]'V?T<
M`]GM_;_7^K@'`.`<`X!P#@'``Z?H_9_+^;@'`.`<`X&/VQ,BM5LJ2JY&R2E?
MF2*.5"*J)MTSQSDIUSIHE.L<B11[A`A1,(!T`!'@:(/Y8_"&`L<^4+<.R8OW
M1QAL):97'>1V\WCRFXEV*H\U5T'&7XQTY?OIW*^+J74I!!@[(5L<C)ZY5.H?
MN(4R8"?@;[W`.`<`X!P#@'`/9_T_J_;P#@'`/9^W]OZ?U\`X!P#@'`.`<#__
!V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>g440337ex99_1pg01.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g440337ex99_1pg01.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`2`#&`P$1``(1`0,1`?_$`'L```("`P$!`0``````
M```````)"`H%!@<$`PL!`0`````````````````````0```&`@$#`P($!`,&
M!P````(#!`4&!P$("0`1$A,4"B$5,4$B%E%A,B-"%QA28G(D);8W5W>7UQD:
M$0$`````````````````````_]H`#`,!``(1`Q$`/P"_QT!T!T&'D+^T12/O
MDID"P+<PQIG<W][<!EGG`0-#.B/<7)8,E,4<I-"E1IACR$L`QBP'L$.<]L=`
MDM@^1GQ22&B;'V!(O*4MD3JIDCSI,6)\J:PVV8H'6;O,^9ZYA86D3":B,FEB
MAKE<N:D7NL?]*-3K%(TR<WS"%=#D"YMN4E'II;-_Z_R"DMD>/[8QF)A-?;@T
MQ&YQK[?^H%@2U2Z)!UM9T+9[<?9-$+%ASIZ"%,[GDGL+P(M.82L'[[VO01)=
MODZ;,1FGN/&M)]LB[/G[D(B=[;A7S0C#5C[?\2:(O:=GQ)/JZRP=W1QVO$2I
M[@D(CSN\+)%[QT5C?##1&FI1`3F!FK_^3#M58=>6OL!0O(Y75%A%:SA):9T=
MDFIPY[L"VQMJDR)HC%?2NY2*Z;Z07U])XT8O?'-8->L>&_VR-NP>J./..""M
M>0/Y*O(7O[$HG!ECPTZW,T+LU58#*KUUE-D0-\=TY)J!3$F&=.(9D:@D^86Y
MMQ:U&L`E0YPKR(STP_3`0;FU<^-\\?$TXX&D_:+66^J9D0)$^;M5-2EO6;M/
M+R?W<9$V]38%M;*VLFG\B!9)!+HI=TT6A@T[4UJ60Y#XGIUA(\`Q+:#YHVJ<
M7CUPMVI=#SZTYO''.),U/R2U<&0:OK")=02`4SF3BSMH5DP96"&B;D&$:%6)
M`Y/F7'/?#?A.,0@F'HW\J_0C8IVK2GK9<)["+A75,PR.QK$258K9Z/.LPF.D
M.,WA\"8RYQ/+=7$H'H8T;:'[8M/6X#DWN$H(S`A9ZB\G8II'665QEP`Z,,@;
M$+NU+0DJ4HST+BE*6)1'HEQ*9>@4Y(/#DQ.H**4$B[@,``>,AP&?Z`Z`Z`Z`
MZ`Z`Z`Z`Z`Z`Z`Z`Z`Z"$>\W(/K5QZ4?+K[V"E"H,7A2^.M;Q&X6)A?K!,72
MI26F9$[=$5S^RJUABL1H1]L#QD)'<[./2`,80J4[R_)P8GG=FMJYIW:>'4%J
M75++7][K;:JZLW';%XV#F2^.LBQSUBMZ/,<TK-MA41;3GAW1NPF!X<Q&JT20
MT*\K(LA3A7OY'=F9G>NR"_F^TH,N5D@@KA:H:O77NAUF>&6M;(AL,:(S"X]&
M*F1638SXZQ%PBQYR@E/(8J6F0^YR$*M:(8CL!$K3B=PO3"4P+9/8JG]N)5:V
M'Z#[05)KP9"FV!ZP[-11HDQ3]7EBS>3+QY=U%>Q>7IU#HFPVQ5Y:G4U(%(0K
M08&:<6'DO>[MP^<+8NLV&N=6*<8),PA;*^B%::F4PEKF#QL-HV,4`R2SMP*5
M.ZTA$\3V4!&M>'E>%M0F*1#[D>J<(P&(<0%:ZGT%,N8JB-SH;IE9SW3>L-K,
M<,V/L*4%3R'QFQXBY/-:J(U1415MQ#_9BJP'R2>LC<HZB*?@J&1*0D&#WX,]
M!6(<6\]O6*4IA*PO!"M8E!E:B-0J!"1GC(-"<E-R(2=04('8TK(A9*'W#G/?
M'0-3X_>*.\]LMDM,(-;$,F-):[[96,G8(]>,Q+%`(W-(TRH\2>9M-23&2L+O
M&I):*R&)E)L=:LDG9=EN"BPX],0AA#M^U7"ZUZFSG<RL+?W@UCJ2W==)$QO5
M04S9TJ&"6;!4G*TSR^,<J:GV*$/*&.V,7&R$`AQI0AR<>J4CQ@XDG*4U4"B:
M*LDJI+8A$Y<#)T.,M;XC)G;16T^<ZNF4LKIQ-"@G\(:)\T)UB^,9FL24*VLU
M2$@\(250O(HP.<@$%L#4;Y'%K:832Q+*:=+AT[HC9"RRY]KY253U5$8^QRY<
MW,,?IVK8I.[T<6AH,7QB#.L85K'^2MB1?(7F0B$0=_R_]D`6]]&N=;6K9#.D
M>OCS/HQ=6[&RU.,=A6+&=1H[))O4E1+\M:]?*!6+(7U6G55F7&\MIA;BWN)A
M[BA4>(<EC+/2F'@^;H#H#H#H#H#H#H#H#H#H#H$C[P<ZFJ>K%OH=0:H]WM%O
M).&E<BK6BZU=XT5%D<^6-;T;$8_<EL/#XW1"KD"]S:P?<,FFJG%L0&A5G)`D
M""/(5.>9/GDY'[WUFUEN77BD]O>/2M'"77`PRNY*_M-CD]26ZZQ=[:X`K9FR
MSJ_C*!Q2'Q*;QYW3HA&.*-(YE&C-3EK0A`>0%1:O=GIM'-FHSM-:[)%]K)PT
MS5/.)8Q;1%/ELQ2UG$D@2?*6T$[B^)7F5H1%^&<`-6X[")*QGR`#PR#<+I=J
MIVP5HN3>97_QVL5OM8J\1UCQ44_0.QKI'I(HK(MG-64[(JV1L:-CA<4>&8[*
MI:N;W4V//"Q0OP6M3J,'CZ#N^PW)KREZ75G$XA=>E6AE&0'=&"LE]UW7X=#J
M'86,B`!6RB$'M3E!SHP=CWSPC1I3CD\F"O?4K>%N."<26K,">$,^/[G4VUT)
M3N<5;6:#796<N1DQ.P8U9H'Q3,'VGFN%R"(Q2B(G:!;DIDU4U'"%4C4NS0UQ
MT"$*%R--$6+!1QA8@EQQQ_(R4Z#KI@K_`-!>M,Q*96VXT>MQT21.%?SRFVBZ
M;8:K(>JG5VPOS-)+):.CQ:8T"!H-3_<1*2B#35V1>L,8<K;/D.[")N1V=<@[
ME1U3+<6%3R>CG:@$[C*/\N66&H'I@E32\PXV0*I,7'9VRS6.DOJ5>%`:B*>3
M#E7L<C.,\@UZR^8>L6W02=<?FO\`0EDJF2>.4KEY^S^PMK1"6;',$EMB2MDA
MN6*-SE"*KC*!SK6:)41J)80J596NAZHU>H,+SZ"1.":H_?EX1.`+JJC%OV6P
M5FY2-EF*ROVB;2-OAQDNCBLE>PRH$=3.);4GDK0L3EF)UY90%10@![#QVQT&
MC/TCD4YDJ^2S23O$DDDA</>/TKE;JYOSRY+%`@`/<WEW7FKW9Q/\<=QF#$::
M+`?SSVQT$O\`D"J[3&F;_7USHY>TVV3JE@8FD3Q;LICZ&.L3_,',H3JXMU?)
MBTS<\N,6C*):G;C%[BC1*%CDF5&%D!39(&,,1,^0K=>PM<XSJ),MD[/?-98?
M&8Y$(_2*E["57R1AB,F-E\8(.8DJ<@AQ6,3Z8$:98I]986222GP;[<@DH`2"
MTQVRU3TJJN26*;K\1M/N#8*A1#T4?O5J&VZU4M5:=\8GD^4195")2PW%(;WD
M*Z/X)1N[8[1E/'D!QH0"6&F#QT%P_B@^6I`9<QR1@Y,Y=6%,)XR4M-893&8U
M;TCD4J6/<B*_;L?B<(@54R1C9('`XP+*-0H>Y&ND"@PH"@9JOU3<DA=0IFYJ
MNV&J^%712TT:+"J^Q&)')(9,6,2C[<]LR\O!J9644M3I%Z48@Y[#)4$E'E"[
MA&`(L9QT'3N@.@.@.@.@.@.@.@.@_'<YUN,MXX^]ZI$T?MNQ8SKU<,V?'R"V
M[)*OC<+K5U6.3JBDDV9JBCL"D4D)/A=5MDQ0("DRC*%T.$0//M`%B*&,)4L6
MM29RK&K-58QR=OO)[0%'!E^W]AZ#:O'W!#JL(U2@9#]/;-?4UJS(IJ9H9>Q:
M-J7'I(2N8Q+$SDZ%82GA5+^YH9V!\#L8V1U6V3V0UGA-G.\O?;R4->L=/S39
MK5N+L5!:G'PMNLYHV>VLLI4ZKV61MCPT#4L*=J:%+88D=R3<*%!HDJD)8)/J
M6I76BM@+%1S&[;"I>SM>8DNLJ!6SJ6WLFQB%+-&4+&ZQ9Y)LNI+98FB,0%P;
M'?!QDK;')RPWC&668F$(9@``\ZX=Q>>G>G4R,Z[W--:L2U"Y:!3G<%#.WV)1
M`RP;_P!<JLRLCTM39M-$QS=Q<+C<R8Z(:]E;C61\7EX"-Q^I^<&`NZ+\4K$V
MZ\-Q^R4ZM/4?<*WPL,ET\B5YULA9-2=I(0]#BJG*6.;1MSXYQN$3)&ROPU)X
M9`6W-B4PQ"4>I+PJ--2!N8_C[;T2'2R-;7U/7LZM.3E+S%=G4TP08&1QRNW2
M+NLRB=H5C9B24.</O=C.;&DQO?FY@QE[CC_V0J$AGD$W()LL*G;9J2?JJIM*
MLYY7=G(C&<I77LUB;Y&IHF-D*)$XL)1T9=T*1X`8\H'%.<E#DGN>6<`0.^!8
M[@X*L^"39Z5\:FW/(59:>64"JUE>&8##2ES5F^5H\6I$23&`R<S%JE-B.$/2
M(DK"C?\`(&U,F2.)[TXHS4).`J3$X306'K5J-LMM]/V6MM:Z-LFZ96\KS$13
M=!8\J6I4V4A!:Q>8[R-2`F,QE(B1&!,.5.2I,E(",`C!XP(/<+/UM_$JV4D4
M6:)MJXGFK`2YTDZV=FL=JI/443M\-K#FQ+`DUJ"V1-_Q%B7..QI&K=C)L>O*
M8WHHY.`I*A,\@9#;8SK'I^WZ$P?45@T<GV\')SK-$-BF:X()IW7:NZJ$AVS%
MPSPZ'57.=MME(";'')^?ZFB3&2G1Q>/2=SC:-9E7A0G,&FR<4#D*B^+@N==7
M4$!LIYTQJJ=6!0K+7T]!'-.D5I6Q7KPA8RS4;C&=CI3;B9(ILQ3(@A.D,H11
M!(-2+)I+>`D@M,8$%?\`(SP?<P%MRC6S0"J3*VN6E:YHUMLHQ_B6L]8:P:PT
M=-FIWD,755M7UT98W"QIFYOS.J1N;HG<G92YO;JK-<EB?.2\C2A\=6OBF;O:
MX[(PZ>V)`->MG*3S!(5%K+A$BF$?8'X6=@:V?H'>;I6F9`US"/(Y[J8\OACS
M'W9S393OBE&A4(B/6$<2E"Z;Q>\7-`<4E#NU&T,^V++BI9)RYM.IC9,C$[NT
MCE(&1M8<*T3,A)01J+MQ:%L!@"9"E+$+.<Y.-.R$&0`RCH#H#H#H#H#H#H#H
M#H%%\C?"AICRF6#5%A[6++Q<%%0-![#'8G!;8<8G!'!K6O`WET`[1@3<Z)TS
MF\&""0L<FP;:Z*$A)!0U.0IT_I!Y;'X-N/RQ-3:?TP(@TVKBG*2DP9)$5-43
MUS@UAN05(G@$BC\SL%`0;(IC'YBB?#D[J6N--4*0A)-"<!2G(/+!4-V?$AU*
M<-AHE=>HUIN&LD)CS6PN3WKK)XB_W[3D]G\+?VYYC2B9(97:+!(GBN'Y.F,3
MR*/'+S0+@Y[ISTN#3@"!AL3X<'";'7*Y;'7HS05#=L?4PJ:U#QS5/'-(J?F4
M5=&EP9Y4?;RUN.L&WKHDLR2.AQ:DQXD@&U$F,R2F18$(9XP^],\26R&I\39J
M7TZY2;HI'6*!Y=QU/1\AUKU;MTZ"%R!Y7R5Y9U5E2F"(I?+(\MD;JJ4Y+59`
MOS@[(1K1B#@>`TV^--^<*T"E,0_U_:?2JK%S:XL+\S)=99;0LWEC$ZI1('1.
M=8<?EUR22!.KFWF&$&.$8/:UA.#,C3&$&8`((1;=N%W=!5AT5U.OTXTW0'#$
MM<:PU4O[DQKZ!66]'>/NWR5"KJ[Z;8(@^*LAR(YQ1QAU<%1N<F*3CQ=N@K@\
MV7`-R2UA2SYO)<&S=>[)0VC(V>GD$><)O9<DL>H:P63#U6*.1ZT+G"XSNYHS
M&W>4&>EEY<RW-&`X0$Q!@,Y"$*VUJ\C6]]YT6TZSW+ME>=HT4QKV1Q;JXG4]
M>9,S`41HD9$=+5*'8]2ZN*!A`+&4:52H-2IA@`,LL(RRQ!"Q]\=K5[EOW%UE
MLZ':9;\-.B&L%87JJ5RURCL(3O5A6';4PAL8.?%(E38WMST[H8W#V5F*"2L?
M4:,OW(,%$#%ZHPA;0IKXW>DA;8\RS>F1V_R,[*3%;EQF>P=]6G:S"ZYSX9+*
M983&(58J!+$HVF+SV`2:K<%/^'U\$A*)*!S^N.K^O>H=8M5-:SU#"*7K-G./
M5IHK!V@IM3*7%5X^[>'I<,1[M(GY;@`<'KW!0I6G8`'`S18"'L'>.@.@.@.@
M.@.@.@.@.@.@.@.@.@Q;T]L\;:UCW('1`RL[<7@Y<Z.BLE"@2%"&`H(U"I0,
MLDH(C3`AQWSCN(6,8^N<=!&IVW3UU:SC4Z:5RJ6*2O+&2*YJ*XK/$8(/?^V2
M.O(#)B31YSCMC&!?CT'-WC?B/)!"!&M6M[9[GMC)0F'4VR(X0?W_``R4KM%/
M7J/MG^(C`X_CGH.>NF^FPRH(LP'BIWIDV<YS@DR4O6HE:)S.V/ZA_N39TQ>G
M!G/X>2?`OY?ET&A.&Y?*,J"/,4X;7S`1=_0,G^^NL$6%_NY4)HJ78AA7?\\!
MR+M_'H-,4;-\X;B+NS\6.J\>+S_3^[.1(IR.#C/X>H7&M>#2N^/S\3,_RZ#4
MW6X/D0N&19CFF/&9&0YQGP!*=J+KDXP9_+S&PU:P!'V_EC'?H%_[V:T?)=W\
MUVL[5N=,_$_5]4V\U)&.9Y@\LOQTEQS0A>6Y])2('F6QF0MS>,U>U$^1X$.3
MPXQW+$6+L+`5K_\`\9?*S_YB:<?^ZED__#/0/3XA>,CGJX>(5;];UC$N/&\(
M);LL8IRM9YW>=U,"Z-2=F:#H^K7,*YDJHM'DJ0-6$@%0#TQ@^Z`G(1AQY!$#
MBL79\@I&=@:K17CI>4V.WD0S[B6JVJ1XQC'E@"EUIDPD&19_#N7GM_/H,H7M
M+SDMHP_=.)_621%X[>H**\C#4WFBQW_5Z14FH-*7C.<?AY&8^OY]!N:'=GE"
M0A+%+^%Z:>..V#QUWO9JC,L_3^H1">2N%=G&8_A@7AG/0;PV\@NP:7`,3OB>
MW[C><B\3C(RLU(LE.5^'<8?VSL_A<<7C/^RG\LX_#'0=$9.0>.+1X+D^J&_5
M??CDTR1:B67(DQ&,?B(U75A%BI,AQ_$`Q8Z#IS=N_K4M$6!PFLBAIAF`YR"R
MZHM^K/1R+MC(5!EC0.+DD"!G/87D+&,9Z"3C&^LLF:4#]''9M?61T("J;7=H
M6IW%M7IA9R$)Z1:D,-3J"LB#G'<(LX[XSC\N@RO0'0'0'0'0'0'0'0:;/F67
M2&*NC5!9H&OI2H+!EIEAD:;I>2UJ"QX,",^/.IZ1(Y)S/'Q&#UB1Y#G/@8`7
M86`0KPV\@.Y&T^T_(SJ]NS*JF1VGHU9K17#=#JIK59"&J;19V=9<@1VS[F02
MV7/AJ5U#%R#B$Y1Q:<I*Z$9'@8A@S@)K\P_(JEXP-&K%V;0,+5,K(*=&"#T[
M`G@2W[?,;!D*@Y6),O"V')W'[1&X:T.[XOR2,`L(FLW]0<YQGH)UT)<\+V,I
M&H[\KE<%Q@ES5S#;,B:H)A9HQ,<T8$+^@)49+SD(%J0E=@D\'T$6<`8!8QD.
M<8!8\)OC<6UN5[8O6:#7!7A&H^J]34].+<<551)%UFE7-=ZR32.+46SRH$F2
ML!3`V56S)GE:XFMI[F2%:04+'=0`\L&7P#8B@[7DTAA=7W75%BS&(8%F6Q2#
MV!%95)(ID"@200).QL;JN<X^;A4`1?@L*)'YA$'MW#GL'DMW977Z@QMI%T7+
M7%9K7E*I7,[5+Y8SM#T[-Z(>"USDV,:A5AW<&U`8+`5"@D@9!&18P8(.<X[A
MEXI>]*SNJTMY0FUZ]E]-+D*QR26E&9<QOD!4(&YP4-+DJ*E38M4LPB6UU2&I
ME&?6_L*"AEF>(P"Q@.--G(%HD]`,.:-S=6G1.29DD]6WWW5RM"0;C.,9*/7$
M2@:0DS'?'<(AXSCOT$D(7/8-9#$GE%>3.)SV-*Q""ED4+D3/*6)2(';S"G=F
M-8N0'"#WQWP$S/;OT&V=!$^6[W:701\<HU+]J*%87QD5'(7]N6VA$<&QQ:F'
MDM2CD@RG0TF.JDPPYP86M$0,O_%C'02)ALVAEBQMKF5?2Z,3N(/A'NF65PU_
M:I/&WA+D60X4M;XR*US6X$>0<X\RC1A[X_'H/2OE,::WY@BSE(&9ODLK*>#X
MPP+7)&F>)"3'B$JE^,9&XXX"MT`S)EI)BK)(!^@68$0^V,XST&>Z#GLQF!Z=
MLL%AKXV.RBWXQ`%$L9J\4OS>A7J%;NEDJ:`B?"QG^Y9&"622,*T9*XX`"!"2
M*/$6<D&8""M$=7\R4&I)3*IYOCI\[6!'(2Z2F3MB31:4*&$#FULREX6LC:^-
M^ST6,<$I*@G*<"X34D$<''JY3%Y%Z>`A5Q.;0\M?*)I1"MO@[/:A4H*:2>Q(
MR3!@:93><A;Q064KHP!?]_-VJC?N<.0T`C<E^T#Z7?Q[B_'H&RTE=5D:\4?[
MCD^OS7"'V639EBL3;9I"YCHVL)S"T<A.%`'5D9YI+W+[(YK8PH3^Y0G.2I06
MIP/'F8'Q&()'5SLSKC<#P*.U1?E,V5(0(LN0X_!+-A<K?@-N`^7W$;,QO2UR
M"@R'ZX.R5Z><?7RZ#H\TF\.KB,.TUL"4Q^$P]@3>\?93*G9"PQYE18&$`EKL
M\.9Z9O;D98AX\S3C`%@Q]19QCZ]!'L.]VD(_MF"=Q=6U(GIQ;FAF+27]52PU
MW=7=64WM+8UE)96<8X.#FN/`2G)*P,PXT>`@QD6<8Z#KUHW73M'LR61W1:U<
MU''5RO"!)(+,FD<@K$H79\?%&6\2=Q;&[*H?F'`2_4\Q9SC&,9ST'/(UN1J-
M,WI'&H=M'KQ+I&XMCX]((_%KGKJ0OBUGC#6H>Y&ZI6AHD:QP4-S"SI#52PX)
M>2TR<L0S,A#COT$<&;E6U&>5LP1!>I\W9AZUG2F#<J^?"3GXIYE*2*$JH^TD
M!4R`XP@]4-9E"J1I'8]O1JSDZ0_*12`H&0=!54OEKSH9\G35Z^TH!M%2<KNO
M<FUQGZH!6"6TV^*O2,>8L<H\<A($Y.Y<=A2!/G/]X8URK./+N+H)_P`[KN*\
MA7)M8<#GS21*]:>/?7J1U:^,ZC'FT2C;'=^!&H)NE$+&#4BQ94>I2HA+]?[J
M,^QS.WB,.>@A]\>VXUNN%+[N<:&PDI`CF'$_>%A,Q,@?U.$^7#5>8*9!8U=S
M\>#L!-PT8(3NRK`L=RTK8I0@_3C(<=!/3A=ASZYZM2_<*>MBMLLWD9O&Q]UW
M]&YXR)Q8Z]LM:F:==8;DT>/5"WQ;7>-1D!1.?H2<>=V[Y$(60CWQ+MR)+R/<
M^RU.G2D*%6Y%'$'B(3E%&F`)HA.NP(T980B,P8K=#S/KW_N&#%_4,6<AQNR=
MMVKBGY;MF[-WGB+VUZL<@:+7QOU\W>)9E;_#*/=JLKTF$O>M5JN*8I8KK^*.
M$JPNDR$XH):/)[FH6'EFX&L4(`L,51$:NB4+3E4\WQA%7\M=)%938.''HU<5
M>EEI/KA/WV3LA[>:>V*4,N>Y&H<\&IA93'"5Y,+_`$CQT")_C,QJ-K.)V*%J
M8\QGD.>PVVGOTYS2@-(6!!?TY1%`4E&$"+/+*1)BR0X%C.`E%A#C](<8Z#A7
M,G0K+Q8H8QS':'-26AI94-KU@U;E4U7)&(O36U%"S^9M$(?"9U6K-[2)#L1G
M>7U'E$_$HRUP0J##S3##TZ4983%Y8]B)'([/XU^/>O)C(H"V\E-VO[;;<YB;
MHOC4S*U?IV&H;&MB#Q.2-IR9VA\AMI`YHF3+FD-"K2-YRP)60FF@,`#CZZJ6
MKZB@K16%75[#J_KMA;2VAHA41CK6Q1M$W%DX(]L!I;TQ"0S!I>/[HAA$,X6<
MB'D0LYSD*YEP1O\`^K+FOTB6ZW$!A&J_*ZX6I5&P^NT>SAOK)HV%@3(VOT1O
MF"PQ.`#)#I;)S)`B2O(FXI,2O(3JS3P&*#\&`#%\[\@V7;-M-+[5U*.RX6CQ
MWT#M'R'2.OP>Y]2V:OC4_P!;J>LBK^Z3S4`-EE53*4^G@!9II^$QA10?6&6(
M(/QKO;JB+*U+CV[3)-4";7E^I?\`SY-FB\82R&*`I8R=*'X]\**R<-&YQ=(D
M4$."7]1R=8E-)SCU`9QT""^*Z;WRX<R^Z\DV*4N#5,]U-"=8=PXI5KF0:F4T
M=4C/;%HU]5=.JB3!8#^XH;!Y(A,D.2RRP9DRYQSX]\Y&(+(%T_\`@Y;/_IG/
M/^UG7H$(?%"3A)X2=;C,=NZN>[$J!?\`$&])VD^OTQ]?%-C^/0=)^33E'CAV
MV!$N3HCTP+-U0R:)<62(E.3G:JG`J3_4/QD"?LD$8`9GT[%#'C.?'.>@U?FF
MI2$;&M&C1FJ^8<IWK:]RZ+>=<K)J]8R"GD'KIG>1O%XRYY?HT?\`=2:+CM:)
M#U3Y@\8FH]5AO39"8I4I230>A<[<E>*>MAH7$$JD+I6D[;EB926`Y.H2KHNZ
MIE!!Y)@1EFDFDFY"((L9P(.<XSC..@K*<(^Q.A!?$)H/25YHFYSD[\7'H,)H
M>:$L]X:E]FRC8:0!K1.&=(JY413#B=+U;<),OPZ!(3*\!R(\L0!=@EW\GY(G
M5\(^XON2"#RTJJ@%G8\D!V"LD;)5'G)Q81@'XF``+/86/KVSG'Y]!,6OKNX]
M]C)A4]1M;0TR.TG.!V`XP=$Z4-9]?KR8WB!"@UJJ&J42>O(BB0HUL5FXF]42
M!8$Q06N#X%BR'`RPU1HXEZM;ELP6'6Q9!BF32>.2XAY;4419I6&51V4JGE'/
MI/(4[*=^\;/01QV<6%O>3DY!2)`X&F>T-5`)/+!L'05]_DE4',K"X_6W9.GV
M@]ROOC_O2IMP:J^W)5:IW._R_DZ-',FU,!`$:PQ$".N@G8\H&.YN6<O\\8Z"
M?_&%0\ZH[4J+.-T$D!V1V'D\PVLV?/)),(P&]]@7<<[E<;+*-$,PIMK)L6M\
M1;B^^<$MC`F+Q]`XZ!!G,II/L6?RHZ\R_5@A>SPCEJI>0<=&[#\UHEIZ>/UZ
MR+6.93">*#T?B4@EB[7N/N:%L5'9S@!3`85CMD[.!!;CCS`R1&/L<6CC:C9(
MY&&9M8&%H0%!3H&AD941+<UMJ,D/8!"-`@3%E%AQ]`@!C'Y=!7KXCYQ'U?)E
MSE)O>J$Q-C;04W)ZW4.3:YM:"P&2,U.[1:4/,'<'%(E12MN9'IE&0J.0#/`3
M^@8L^!I8A!-&T=YN/.YXOLKK)N,JAT=+B4RG]0650%Y1IX->+&C36Z*$D9F-
M=Q%0Q9>[,8YZQ92.;(LC!+@I)5&A+(,"M3_I#5N%*G)]J9QM0B"W+^]8=%HK
M-+VE%3QFWAGD6)6>LKQ:DOD-*1FQ4ZLT]4RR5OKE2D5*FTW.#VGW6$)@"C$X
MB0`N;XZVXVMM.<>22E+HM%CI*T8->FQCR\0NXR'2KWXZ/3>W)/.(M(&Y)-D#
M)]W;'1B?R<A,2Y.P`P`RQ^(P9#@)3[_HG/F#CD"T5UYCDL<]59/;%;S[<O:Q
M\C+_`!*J@5-5$P;)Z&E:4=)(A9UENVC94G86\H:YD)6L#`WEF&+%0CC2T_0;
MQS,Z4WS=#)J+MWIDQM,GVOXXKL)NVL:J<G!.PH+GKMR3-+?:],(GA0(E&T/$
MM8F!(%"8<,!(PDFIL9`-0`P`23I[EITHLN(IG.<69_IILE"B!B=T#LXU.=*W
M77LA*!@+I&G:%S9(U*W\]"KP(LI:RY<FY>'&#$QYH18ST$62:HEO)!R3:T;A
MN$+EL'TNX^(Y9R[7]UL*.NT*E&SNQUR-+=&WJQ(]!)&C;98T4E5L0:R/M#LZ
MI4!SZ^F"-1$'-Y>%)@;U")9&I_SFWN$2].J05IQRU/3#0%4C5_:WR:2N_K4L
M2UXXSKU*;#.\.48C;'&!NZ4@TPU,!63@T..PL!!=-"Z,[.U1M);/$<&#.8^*
M5=>;-O\`1&S#C#!QU#1#E)54L=^/M$2)*)/[1WV::T*Q8D]QDPR#I73"@(L/
M!7B$G]D)`BH?Y"VH-T2@IV8JZN?CINC7*33T;,\#A#)(XY<2*UH>@E\G3(C6
M./&O!Y1R=$->>2`T\02@9\QAQD'+;,3F+077.YYG)G4I!'D%5SA0-866<L,5
M9419S"B2MJ1&6>J<G!R-&`I*G(`8<H-&$!81"%C&00Q\4J2I&GB=JZDY*!RC
M%K5S8MXYDU>RIG=8U+&EM?+*<Y2UNAC(]HT"XUH7H9.0(M4``B!&#$7@7F`8
M0AV;Y,BX@_B6N&&$-+M)I#.K/UO0,428&%TD[T_IXWL'6DUE04S$S(G!P6(V
MZ(QQ:H59P4(`2@=A?46,9#-[L:)%.[%57(7Q)1RJ8%N3KF@<7."LU?,T?A58
M[<TDYGDJ+&UDM%''2&1I<DDI"VA.8UJKP.:'U,7XFI1#]RF"2M;\C5-;-:@V
MO/SF>=4A:D6IV=G6QKI<L.D\*N"L)DW15Q)=XLHCCZRMBR7IBW?."6]R:"E*
M5T`85DOQ-&(@L%E<-&]&IFNG#=JE6]V2Q<UV?44`?&^448_UW-3+7,GC?9TL
MDC!'&2`+HQ]U=GIQ<U"(QF.)*$0,PP@X)H,8R,`2,^2BO4.G#AL7$T3"_O,O
ML1TH1MC\&C[.ODDM=CT%]5;*9$C;69A(<%2XYCCC.L4J1EX$4440(61>/;.0
MG3#N1'3"Q931T*K*>$6M9-CNB*/P2/1V'2=5*8ZC5L*ASDT@DPW6/HAP!H8H
7TU'FN8W$Q$8(104V`F*#"R1`PKH/_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>g440337ex99_2pg01.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g440337ex99_2pg01.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`2`#&`P$1``(1`0,1`?_$`'L```("`P$!`0``````
M```````)"`H%!@<$`PL!`0`````````````````````0```&`@$#`P($!`,&
M!P````(#!`4&!P$("0`1$A,4"B$5,4$B%E%A,B-"%QA28G(D);8W5W>7UQD:
M$0$`````````````````````_]H`#`,!``(1`Q$`/P"_QT!T!T&'D+^T12/O
MDID"P+<PQIG<W][<!EGG`0-#.B/<7)8,E,4<I-"E1IACR$L`QBP'L$.<]L=`
MDM@^1GQ22&B;'V!(O*4MD3JIDCSI,6)\J:PVV8H'6;O,^9ZYA86D3":B,FEB
MAKE<N:D7NL?]*-3K%(TR<WS"%=#D"YMN4E'II;-_Z_R"DMD>/[8QF)A-?;@T
MQ&YQK[?^H%@2U2Z)!UM9T+9[<?9-$+%ASIZ"%,[GDGL+P(M.82L'[[VO01)=
MODZ;,1FGN/&M)]LB[/G[D(B=[;A7S0C#5C[?\2:(O:=GQ)/JZRP=W1QVO$2I
M[@D(CSN\+)%[QT5C?##1&FI1`3F!FK_^3#M58=>6OL!0O(Y75%A%:SA):9T=
MDFIPY[L"VQMJDR)HC%?2NY2*Z;Z07U])XT8O?'-8->L>&_VR-NP>J./..""M
M>0/Y*O(7O[$HG!ECPTZW,T+LU58#*KUUE-D0-\=TY)J!3$F&=.(9D:@D^86Y
MMQ:U&L`E0YPKR(STP_3`0;FU<^-\\?$TXX&D_:+66^J9D0)$^;M5-2EO6;M/
M+R?W<9$V]38%M;*VLFG\B!9)!+HI=TT6A@T[4UJ60Y#XGIUA(\`Q+:#YHVJ<
M7CUPMVI=#SZTYO''.),U/R2U<&0:OK")=02`4SF3BSMH5DP96"&B;D&$:%6)
M`Y/F7'/?#?A.,0@F'HW\J_0C8IVK2GK9<)["+A75,PR.QK$258K9Z/.LPF.D
M.,WA\"8RYQ/+=7$H'H8T;:'[8M/6X#DWN$H(S`A9ZB\G8II'665QEP`Z,,@;
M$+NU+0DJ4HST+BE*6)1'HEQ*9>@4Y(/#DQ.H**4$B[@,``>,AP&?Z`Z`Z`Z`
MZ`Z`Z`Z`Z`Z`Z`Z`Z`Z"$>\W(/K5QZ4?+K[V"E"H,7A2^.M;Q&X6)A?K!,72
MI26F9$[=$5S^RJUABL1H1]L#QD)'<[./2`,80J4[R_)P8GG=FMJYIW:>'4%J
M75++7][K;:JZLW';%XV#F2^.LBQSUBMZ/,<TK-MA41;3GAW1NPF!X<Q&JT20
MT*\K(LA3A7OY'=F9G>NR"_F^TH,N5D@@KA:H:O77NAUF>&6M;(AL,:(S"X]&
M*F1638SXZQ%PBQYR@E/(8J6F0^YR$*M:(8CL!$K3B=PO3"4P+9/8JG]N)5:V
M'Z#[05)KP9"FV!ZP[-11HDQ3]7EBS>3+QY=U%>Q>7IU#HFPVQ5Y:G4U(%(0K
M08&:<6'DO>[MP^<+8NLV&N=6*<8),PA;*^B%::F4PEKF#QL-HV,4`R2SMP*5
M.ZTA$\3V4!&M>'E>%M0F*1#[D>J<(P&(<0%:ZGT%,N8JB-SH;IE9SW3>L-K,
M<,V/L*4%3R'QFQXBY/-:J(U1415MQ#_9BJP'R2>LC<HZB*?@J&1*0D&#WX,]
M!6(<6\]O6*4IA*PO!"M8E!E:B-0J!"1GC(-"<E-R(2=04('8TK(A9*'W#G/?
M'0-3X_>*.\]LMDM,(-;$,F-):[[96,G8(]>,Q+%`(W-(TRH\2>9M-23&2L+O
M&I):*R&)E)L=:LDG9=EN"BPX],0AA#M^U7"ZUZFSG<RL+?W@UCJ2W==)$QO5
M04S9TJ&"6;!4G*TSR^,<J:GV*$/*&.V,7&R$`AQI0AR<>J4CQ@XDG*4U4"B:
M*LDJI+8A$Y<#)T.,M;XC)G;16T^<ZNF4LKIQ-"@G\(:)\T)UB^,9FL24*VLU
M2$@\(250O(HP.<@$%L#4;Y'%K:832Q+*:=+AT[HC9"RRY]KY253U5$8^QRY<
MW,,?IVK8I.[T<6AH,7QB#.L85K'^2MB1?(7F0B$0=_R_]D`6]]&N=;6K9#.D
M>OCS/HQ=6[&RU.,=A6+&=1H[))O4E1+\M:]?*!6+(7U6G55F7&\MIA;BWN)A
M[BA4>(<EC+/2F'@^;H#H#H#H#H#H#H#H#H#H#H$C[P<ZFJ>K%OH=0:H]WM%O
M).&E<BK6BZU=XT5%D<^6-;T;$8_<EL/#XW1"KD"]S:P?<,FFJG%L0&A5G)`D
M""/(5.>9/GDY'[WUFUEN77BD]O>/2M'"77`PRNY*_M-CD]26ZZQ=[:X`K9FR
MSJ_C*!Q2'Q*;QYW3HA&.*-(YE&C-3EK0A`>0%1:O=GIM'-FHSM-:[)%]K)PT
MS5/.)8Q;1%/ELQ2UG$D@2?*6T$[B^)7F5H1%^&<`-6X[")*QGR`#PR#<+I=J
MIVP5HN3>97_QVL5OM8J\1UCQ44_0.QKI'I(HK(MG-64[(JV1L:-CA<4>&8[*
MI:N;W4V//"Q0OP6M3J,'CZ#N^PW)KREZ75G$XA=>E6AE&0'=&"LE]UW7X=#J
M'86,B`!6RB$'M3E!SHP=CWSPC1I3CD\F"O?4K>%N."<26K,">$,^/[G4VUT)
M3N<5;6:#796<N1DQ.P8U9H'Q3,'VGFN%R"(Q2B(G:!;DIDU4U'"%4C4NS0UQ
MT"$*%R--$6+!1QA8@EQQQ_(R4Z#KI@K_`-!>M,Q*96VXT>MQT21.%?SRFVBZ
M;8:K(>JG5VPOS-)+):.CQ:8T"!H-3_<1*2B#35V1>L,8<K;/D.[")N1V=<@[
ME1U3+<6%3R>CG:@$[C*/\N66&H'I@E32\PXV0*I,7'9VRS6.DOJ5>%`:B*>3
M#E7L<C.,\@UZR^8>L6W02=<?FO\`0EDJF2>.4KEY^S^PMK1"6;',$EMB2MDA
MN6*-SE"*KC*!SK6:)41J)80J596NAZHU>H,+SZ"1.":H_?EX1.`+JJC%OV6P
M5FY2-EF*ROVB;2-OAQDNCBLE>PRH$=3.);4GDK0L3EF)UY90%10@![#QVQT&
MC/TCD4YDJ^2S23O$DDDA</>/TKE;JYOSRY+%`@`/<WEW7FKW9Q/\<=QF#$::
M+`?SSVQT$O\`D"J[3&F;_7USHY>TVV3JE@8FD3Q;LICZ&.L3_,',H3JXMU?)
MBTS<\N,6C*):G;C%[BC1*%CDF5&%D!39(&,,1,^0K=>PM<XSJ),MD[/?-98?
M&8Y$(_2*E["57R1AB,F-E\8(.8DJ<@AQ6,3Z8$:98I]986222GP;[<@DH`2"
MTQVRU3TJJN26*;K\1M/N#8*A1#T4?O5J&VZU4M5:=\8GD^4195")2PW%(;WD
M*Z/X)1N[8[1E/'D!QH0"6&F#QT%P_B@^6I`9<QR1@Y,Y=6%,)XR4M-893&8U
M;TCD4J6/<B*_;L?B<(@54R1C9('`XP+*-0H>Y&ND"@PH"@9JOU3<DA=0IFYJ
MNV&J^%712TT:+"J^Q&)')(9,6,2C[<]LR\O!J9644M3I%Z48@Y[#)4$E'E"[
MA&`(L9QT'3N@.@.@.@.@.@.@.@.@_'<YUN,MXX^]ZI$T?MNQ8SKU<,V?'R"V
M[)*OC<+K5U6.3JBDDV9JBCL"D4D)/A=5MDQ0("DRC*%T.$0//M`%B*&,)4L6
MM29RK&K-58QR=OO)[0%'!E^W]AZ#:O'W!#JL(U2@9#]/;-?4UJS(IJ9H9>Q:
M-J7'I(2N8Q+$SDZ%82GA5+^YH9V!\#L8V1U6V3V0UGA-G.\O?;R4->L=/S39
MK5N+L5!:G'PMNLYHV>VLLI4ZKV61MCPT#4L*=J:%+88D=R3<*%!HDJD)8)/J
M6I76BM@+%1S&[;"I>SM>8DNLJ!6SJ6WLFQB%+-&4+&ZQ9Y)LNI+98FB,0%P;
M'?!QDK;')RPWC&668F$(9@``\ZX=Q>>G>G4R,Z[W--:L2U"Y:!3G<%#.WV)1
M`RP;_P!<JLRLCTM39M-$QS=Q<+C<R8Z(:]E;C61\7EX"-Q^I^<&`NZ+\4K$V
MZ\-Q^R4ZM/4?<*WPL,ET\B5YULA9-2=I(0]#BJG*6.;1MSXYQN$3)&ROPU)X
M9`6W-B4PQ"4>I+PJ--2!N8_C[;T2'2R-;7U/7LZM.3E+S%=G4TP08&1QRNW2
M+NLRB=H5C9B24.</O=C.;&DQO?FY@QE[CC_V0J$AGD$W()LL*G;9J2?JJIM*
MLYY7=G(C&<I77LUB;Y&IHF-D*)$XL)1T9=T*1X`8\H'%.<E#DGN>6<`0.^!8
M[@X*L^"39Z5\:FW/(59:>64"JUE>&8##2ES5F^5H\6I$23&`R<S%JE-B.$/2
M(DK"C?\`(&U,F2.)[TXHS4).`J3$X306'K5J-LMM]/V6MM:Z-LFZ96\KS$13
M=!8\J6I4V4A!:Q>8[R-2`F,QE(B1&!,.5.2I,E(",`C!XP(/<+/UM_$JV4D4
M6:)MJXGFK`2YTDZV=FL=JI/443M\-K#FQ+`DUJ"V1-_Q%B7..QI&K=C)L>O*
M8WHHY.`I*A,\@9#;8SK'I^WZ$P?45@T<GV\')SK-$-BF:X()IW7:NZJ$AVS%
MPSPZ'57.=MME(";'')^?ZFB3&2G1Q>/2=SC:-9E7A0G,&FR<4#D*B^+@N==7
M4$!LIYTQJJ=6!0K+7T]!'-.D5I6Q7KPA8RS4;C&=CI3;B9(ILQ3(@A.D,H11
M!(-2+)I+>`D@M,8$%?\`(SP?<P%MRC6S0"J3*VN6E:YHUMLHQ_B6L]8:P:PT
M=-FIWD,755M7UT98W"QIFYOS.J1N;HG<G92YO;JK-<EB?.2\C2A\=6OBF;O:
MX[(PZ>V)`->MG*3S!(5%K+A$BF$?8'X6=@:V?H'>;I6F9`US"/(Y[J8\OACS
M'W9S393OBE&A4(B/6$<2E"Z;Q>\7-`<4E#NU&T,^V++BI9)RYM.IC9,C$[NT
MCE(&1M8<*T3,A)01J+MQ:%L!@"9"E+$+.<Y.-.R$&0`RCH#H#H#H#H#H#H#H
M#H%%\C?"AICRF6#5%A[6++Q<%%0-![#'8G!;8<8G!'!K6O`WET`[1@3<Z)TS
MF\&""0L<FP;:Z*$A)!0U.0IT_I!Y;'X-N/RQ-3:?TP(@TVKBG*2DP9)$5-43
MUS@UAN05(G@$BC\SL%`0;(IC'YBB?#D[J6N--4*0A)-"<!2G(/+!4-V?$AU*
M<-AHE=>HUIN&LD)CS6PN3WKK)XB_W[3D]G\+?VYYC2B9(97:+!(GBN'Y.F,3
MR*/'+S0+@Y[ISTN#3@"!AL3X<'";'7*Y;'7HS05#=L?4PJ:U#QS5/'-(J?F4
M5=&EP9Y4?;RUN.L&WKHDLR2.AQ:DQXD@&U$F,R2F18$(9XP^],\26R&I\39J
M7TZY2;HI'6*!Y=QU/1\AUKU;MTZ"%R!Y7R5Y9U5E2F"(I?+(\MD;JJ4Y+59`
MOS@[(1K1B#@>`TV^--^<*T"E,0_U_:?2JK%S:XL+\S)=99;0LWEC$ZI1('1.
M=8<?EUR22!.KFWF&$&.$8/:UA.#,C3&$&8`((1;=N%W=!5AT5U.OTXTW0'#$
MM<:PU4O[DQKZ!66]'>/NWR5"KJ[Z;8(@^*LAR(YQ1QAU<%1N<F*3CQ=N@K@\
MV7`-R2UA2SYO)<&S=>[)0VC(V>GD$><)O9<DL>H:P63#U6*.1ZT+G"XSNYHS
M&W>4&>EEY<RW-&`X0$Q!@,Y"$*VUJ\C6]]YT6TZSW+ME>=HT4QKV1Q;JXG4]
M>9,S`41HD9$=+5*'8]2ZN*!A`+&4:52H-2IA@`,LL(RRQ!"Q]\=K5[EOW%UE
MLZ':9;\-.B&L%87JJ5RURCL(3O5A6';4PAL8.?%(E38WMST[H8W#V5F*"2L?
M4:,OW(,%$#%ZHPA;0IKXW>DA;8\RS>F1V_R,[*3%;EQF>P=]6G:S"ZYSX9+*
M983&(58J!+$HVF+SV`2:K<%/^'U\$A*)*!S^N.K^O>H=8M5-:SU#"*7K-G./
M5IHK!V@IM3*7%5X^[>'I<,1[M(GY;@`<'KW!0I6G8`'`S18"'L'>.@.@.@.@
M.@.@.@.@.@.@.@.@.@Q;T]L\;:UCW('1`RL[<7@Y<Z.BLE"@2%"&`H(U"I0,
MLDH(C3`AQWSCN(6,8^N<=!&IVW3UU:SC4Z:5RJ6*2O+&2*YJ*XK/$8(/?^V2
M.O(#)B31YSCMC&!?CT'-WC?B/)!"!&M6M[9[GMC)0F'4VR(X0?W_``R4KM%/
M7J/MG^(C`X_CGH.>NF^FPRH(LP'BIWIDV<YS@DR4O6HE:)S.V/ZA_N39TQ>G
M!G/X>2?`OY?ET&A.&Y?*,J"/,4X;7S`1=_0,G^^NL$6%_NY4)HJ78AA7?\\!
MR+M_'H-,4;-\X;B+NS\6.J\>+S_3^[.1(IR.#C/X>H7&M>#2N^/S\3,_RZ#4
MW6X/D0N&19CFF/&9&0YQGP!*=J+KDXP9_+S&PU:P!'V_EC'?H%_[V:T?)=W\
MUVL[5N=,_$_5]4V\U)&.9Y@\LOQTEQS0A>6Y])2('F6QF0MS>,U>U$^1X$.3
MPXQW+$6+L+`5K_\`\9?*S_YB:<?^ZED__#/0/3XA>,CGJX>(5;];UC$N/&\(
M);LL8IRM9YW>=U,"Z-2=F:#H^K7,*YDJHM'DJ0-6$@%0#TQ@^Z`G(1AQY!$#
MBL79\@I&=@:K17CI>4V.WD0S[B6JVJ1XQC'E@"EUIDPD&19_#N7GM_/H,H7M
M+SDMHP_=.)_621%X[>H**\C#4WFBQW_5Z14FH-*7C.<?AY&8^OY]!N:'=GE"
M0A+%+^%Z:>..V#QUWO9JC,L_3^H1">2N%=G&8_A@7AG/0;PV\@NP:7`,3OB>
MW[C><B\3C(RLU(LE.5^'<8?VSL_A<<7C/^RG\LX_#'0=$9.0>.+1X+D^J&_5
M??CDTR1:B67(DQ&,?B(U75A%BI,AQ_$`Q8Z#IS=N_K4M$6!PFLBAIAF`YR"R
MZHM^K/1R+MC(5!EC0.+DD"!G/87D+&,9Z"3C&^LLF:4#]''9M?61T("J;7=H
M6IW%M7IA9R$)Z1:D,-3J"LB#G'<(LX[XSC\N@RO0'0'0'0'0'0'0'0:;/F67
M2&*NC5!9H&OI2H+!EIEAD:;I>2UJ"QX,",^/.IZ1(Y)S/'Q&#UB1Y#G/@8`7
M86`0KPV\@.Y&T^T_(SJ]NS*JF1VGHU9K17#=#JIK59"&J;19V=9<@1VS[F02
MV7/AJ5U#%R#B$Y1Q:<I*Z$9'@8A@S@)K\P_(JEXP-&K%V;0,+5,K(*=&"#T[
M`G@2W[?,;!D*@Y6),O"V')W'[1&X:T.[XOR2,`L(FLW]0<YQGH)UT)<\+V,I
M&H[\KE<%Q@ES5S#;,B:H)A9HQ,<T8$+^@)49+SD(%J0E=@D\'T$6<`8!8QD.
M<8!8\)OC<6UN5[8O6:#7!7A&H^J]34].+<<551)%UFE7-=ZR32.+46SRH$F2
ML!3`V56S)GE:XFMI[F2%:04+'=0`\L&7P#8B@[7DTAA=7W75%BS&(8%F6Q2#
MV!%95)(ID"@200).QL;JN<X^;A4`1?@L*)'YA$'MW#GL'DMW977Z@QMI%T7+
M7%9K7E*I7,[5+Y8SM#T[-Z(>"USDV,:A5AW<&U`8+`5"@D@9!&18P8(.<X[A
MEXI>]*SNJTMY0FUZ]E]-+D*QR26E&9<QOD!4(&YP4-+DJ*E38M4LPB6UU2&I
ME&?6_L*"AEF>(P"Q@.--G(%HD]`,.:-S=6G1.29DD]6WWW5RM"0;C.,9*/7$
M2@:0DS'?'<(AXSCOT$D(7/8-9#$GE%>3.)SV-*Q""ED4+D3/*6)2(';S"G=F
M-8N0'"#WQWP$S/;OT&V=!$^6[W:701\<HU+]J*%87QD5'(7]N6VA$<&QQ:F'
MDM2CD@RG0TF.JDPPYP86M$0,O_%C'02)ALVAEBQMKF5?2Z,3N(/A'NF65PU_
M:I/&WA+D60X4M;XR*US6X$>0<X\RC1A[X_'H/2OE,::WY@BSE(&9ODLK*>#X
MPP+7)&F>)"3'B$JE^,9&XXX"MT`S)EI)BK)(!^@68$0^V,XST&>Z#GLQF!Z=
MLL%AKXV.RBWXQ`%$L9J\4OS>A7J%;NEDJ:`B?"QG^Y9&"622,*T9*XX`"!"2
M*/$6<D&8""M$=7\R4&I)3*IYOCI\[6!'(2Z2F3MB31:4*&$#FULREX6LC:^-
M^ST6,<$I*@G*<"X34D$<''JY3%Y%Z>`A5Q.;0\M?*)I1"MO@[/:A4H*:2>Q(
MR3!@:93><A;Q064KHP!?]_-VJC?N<.0T`C<E^T#Z7?Q[B_'H&RTE=5D:\4?[
MCD^OS7"'V639EBL3;9I"YCHVL)S"T<A.%`'5D9YI+W+[(YK8PH3^Y0G.2I06
MIP/'F8'Q&()'5SLSKC<#P*.U1?E,V5(0(LN0X_!+-A<K?@-N`^7W$;,QO2UR
M"@R'ZX.R5Z><?7RZ#H\TF\.KB,.TUL"4Q^$P]@3>\?93*G9"PQYE18&$`EKL
M\.9Z9O;D98AX\S3C`%@Q]19QCZ]!'L.]VD(_MF"=Q=6U(GIQ;FAF+27]52PU
MW=7=64WM+8UE)96<8X.#FN/`2G)*P,PXT>`@QD6<8Z#KUHW73M'LR61W1:U<
MU''5RO"!)(+,FD<@K$H79\?%&6\2=Q;&[*H?F'`2_4\Q9SC&,9ST'/(UN1J-
M,WI'&H=M'KQ+I&XMCX]((_%KGKJ0OBUGC#6H>Y&ZI6AHD:QP4-S"SI#52PX)
M>2TR<L0S,A#COT$<&;E6U&>5LP1!>I\W9AZUG2F#<J^?"3GXIYE*2*$JH^TD
M!4R`XP@]4-9E"J1I'8]O1JSDZ0_*12`H&0=!54OEKSH9\G35Z^TH!M%2<KNO
M<FUQGZH!6"6TV^*O2,>8L<H\<A($Y.Y<=A2!/G/]X8URK./+N+H)_P`[KN*\
MA7)M8<#GS21*]:>/?7J1U:^,ZC'FT2C;'=^!&H)NE$+&#4BQ94>I2HA+]?[J
M,^QS.WB,.>@A]\>VXUNN%+[N<:&PDI`CF'$_>%A,Q,@?U.$^7#5>8*9!8U=S
M\>#L!-PT8(3NRK`L=RTK8I0@_3C(<=!/3A=ASZYZM2_<*>MBMLLWD9O&Q]UW
M]&YXR)Q8Z]LM:F:==8;DT>/5"WQ;7>-1D!1.?H2<>=V[Y$(60CWQ+MR)+R/<
M^RU.G2D*%6Y%'$'B(3E%&F`)HA.NP(T980B,P8K=#S/KW_N&#%_4,6<AQNR=
MMVKBGY;MF[-WGB+VUZL<@:+7QOU\W>)9E;_#*/=JLKTF$O>M5JN*8I8KK^*.
M$JPNDR$XH):/)[FH6'EFX&L4(`L,51$:NB4+3E4\WQA%7\M=)%938.''HU<5
M>EEI/KA/WV3LA[>:>V*4,N>Y&H<\&IA93'"5Y,+_`$CQT")_C,QJ-K.)V*%J
M8\QGD.>PVVGOTYS2@-(6!!?TY1%`4E&$"+/+*1)BR0X%C.`E%A#C](<8Z#A7
M,G0K+Q8H8QS':'-26AI94-KU@U;E4U7)&(O36U%"S^9M$(?"9U6K-[2)#L1G
M>7U'E$_$HRUP0J##S3##TZ4983%Y8]B)'([/XU^/>O)C(H"V\E-VO[;;<YB;
MHOC4S*U?IV&H;&MB#Q.2-IR9VA\AMI`YHF3+FD-"K2-YRP)60FF@,`#CZZJ6
MKZB@K16%75[#J_KMA;2VAHA41CK6Q1M$W%DX(]L!I;TQ"0S!I>/[HAA$,X6<
MB'D0LYSD*YEP1O\`^K+FOTB6ZW$!A&J_*ZX6I5&P^NT>SAOK)HV%@3(VOT1O
MF"PQ.`#)#I;)S)`B2O(FXI,2O(3JS3P&*#\&`#%\[\@V7;-M-+[5U*.RX6CQ
MWT#M'R'2.OP>Y]2V:OC4_P!;J>LBK^Z3S4`-EE53*4^G@!9II^$QA10?6&6(
M(/QKO;JB+*U+CV[3)-4";7E^I?\`SY-FB\82R&*`I8R=*'X]\**R<-&YQ=(D
M4$."7]1R=8E-)SCU`9QT""^*Z;WRX<R^Z\DV*4N#5,]U-"=8=PXI5KF0:F4T
M=4C/;%HU]5=.JB3!8#^XH;!Y(A,D.2RRP9DRYQSX]\Y&(+(%T_\`@Y;/_IG/
M/^UG7H$(?%"3A)X2=;C,=NZN>[$J!?\`$&])VD^OTQ]?%-C^/0=)^33E'CAV
MV!$N3HCTP+-U0R:)<62(E.3G:JG`J3_4/QD"?LD$8`9GT[%#'C.?'.>@U?FF
MI2$;&M&C1FJ^8<IWK:]RZ+>=<K)J]8R"GD'KIG>1O%XRYY?HT?\`=2:+CM:)
M#U3Y@\8FH]5AO39"8I4I230>A<[<E>*>MAH7$$JD+I6D[;EB926`Y.H2KHNZ
MIE!!Y)@1EFDFDFY"((L9P(.<XSC..@K*<(^Q.A!?$)H/25YHFYSD[\7'H,)H
M>:$L]X:E]FRC8:0!K1.&=(JY413#B=+U;<),OPZ!(3*\!R(\L0!=@EW\GY(G
M5\(^XON2"#RTJJ@%G8\D!V"LD;)5'G)Q81@'XF``+/86/KVSG'Y]!,6OKNX]
M]C)A4]1M;0TR.TG.!V`XP=$Z4-9]?KR8WB!"@UJJ&J42>O(BB0HUL5FXF]42
M!8$Q06N#X%BR'`RPU1HXEZM;ELP6'6Q9!BF32>.2XAY;4419I6&51V4JGE'/
MI/(4[*=^\;/01QV<6%O>3DY!2)`X&F>T-5`)/+!L'05]_DE4',K"X_6W9.GV
M@]ROOC_O2IMP:J^W)5:IW._R_DZ-',FU,!`$:PQ$".N@G8\H&.YN6<O\\8Z"
M?_&%0\ZH[4J+.-T$D!V1V'D\PVLV?/)),(P&]]@7<<[E<;+*-$,PIMK)L6M\
M1;B^^<$MC`F+Q]`XZ!!G,II/L6?RHZ\R_5@A>SPCEJI>0<=&[#\UHEIZ>/UZ
MR+6.93">*#T?B4@EB[7N/N:%L5'9S@!3`85CMD[.!!;CCS`R1&/L<6CC:C9(
MY&&9M8&%H0%!3H&AD941+<UMJ,D/8!"-`@3%E%AQ]`@!C'Y=!7KXCYQ'U?)E
MSE)O>J$Q-C;04W)ZW4.3:YM:"P&2,U.[1:4/,'<'%(E12MN9'IE&0J.0#/`3
M^@8L^!I8A!-&T=YN/.YXOLKK)N,JAT=+B4RG]0650%Y1IX->+&C36Z*$D9F-
M=Q%0Q9>[,8YZQ92.;(LC!+@I)5&A+(,"M3_I#5N%*G)]J9QM0B"W+^]8=%HK
M-+VE%3QFWAGD6)6>LKQ:DOD-*1FQ4ZLT]4RR5OKE2D5*FTW.#VGW6$)@"C$X
MB0`N;XZVXVMM.<>22E+HM%CI*T8->FQCR\0NXR'2KWXZ/3>W)/.(M(&Y)-D#
M)]W;'1B?R<A,2Y.P`P`RQ^(P9#@)3[_HG/F#CD"T5UYCDL<]59/;%;S[<O:Q
M\C+_`!*J@5-5$P;)Z&E:4=)(A9UENVC94G86\H:YD)6L#`WEF&+%0CC2T_0;
MQS,Z4WS=#)J+MWIDQM,GVOXXKL)NVL:J<G!.PH+GKMR3-+?:],(GA0(E&T/$
MM8F!(%"8<,!(PDFIL9`-0`P`23I[EITHLN(IG.<69_IILE"B!B=T#LXU.=*W
M77LA*!@+I&G:%S9(U*W\]"KP(LI:RY<FY>'&#$QYH18ST$62:HEO)!R3:T;A
MN$+EL'TNX^(Y9R[7]UL*.NT*E&SNQUR-+=&WJQ(]!)&C;98T4E5L0:R/M#LZ
MI4!SZ^F"-1$'-Y>%)@;U")9&I_SFWN$2].J05IQRU/3#0%4C5_:WR:2N_K4L
M2UXXSKU*;#.\.48C;'&!NZ4@TPU,!63@T..PL!!=-"Z,[.U1M);/$<&#.8^*
M5=>;-O\`1&S#C#!QU#1#E)54L=^/M$2)*)/[1WV::T*Q8D]QDPR#I73"@(L/
M!7B$G]D)`BH?Y"VH-T2@IV8JZN?CINC7*33T;,\#A#)(XY<2*UH>@E\G3(C6
M./&O!Y1R=$->>2`T\02@9\QAQD'+;,3F+077.YYG)G4I!'D%5SA0-866<L,5
M9419S"B2MJ1&6>J<G!R-&`I*G(`8<H-&$!81"%C&00Q\4J2I&GB=JZDY*!RC
M%K5S8MXYDU>RIG=8U+&EM?+*<Y2UNAC(]HT"XUH7H9.0(M4``B!&#$7@7F`8
M0AV;Y,BX@_B6N&&$-+M)I#.K/UO0,428&%TD[T_IXWL'6DUE04S$S(G!P6(V
MZ(QQ:H59P4(`2@=A?46,9#-[L:)%.[%57(7Q)1RJ8%N3KF@<7."LU?,T?A58
M[<TDYGDJ+&UDM%''2&1I<DDI"VA.8UJKP.:'U,7XFI1#]RF"2M;\C5-;-:@V
MO/SF>=4A:D6IV=G6QKI<L.D\*N"L)DW15Q)=XLHCCZRMBR7IBW?."6]R:"E*
M5T`85DOQ-&(@L%E<-&]&IFNG#=JE6]V2Q<UV?44`?&^448_UW-3+7,GC?9TL
MDC!'&2`+HQ]U=GIQ<U"(QF.)*$0,PP@X)H,8R,`2,^2BO4.G#AL7$T3"_O,O
ML1TH1MC\&C[.ODDM=CT%]5;*9$C;69A(<%2XYCCC.L4J1EX$4440(61>/;.0
MG3#N1'3"Q931T*K*>$6M9-CNB*/P2/1V'2=5*8ZC5L*ASDT@DPW6/HAP!H8H
7TU'FN8W$Q$8(104V`F*#"R1`PKH/_]D_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
