<SEC-DOCUMENT>0001387131-20-005093.txt : 20200521
<SEC-HEADER>0001387131-20-005093.hdr.sgml : 20200521
<ACCEPTANCE-DATETIME>20200521160207
ACCESSION NUMBER:		0001387131-20-005093
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20200521
DATE AS OF CHANGE:		20200521
GROUP MEMBERS:		ADAM D. WYDEN
GROUP MEMBERS:		ADW CAPITAL MANAGEMENT, LLC

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PAR TECHNOLOGY CORP
		CENTRAL INDEX KEY:			0000708821
		STANDARD INDUSTRIAL CLASSIFICATION:	CALCULATING & ACCOUNTING MACHINES (NO ELECTRONIC COMPUTERS) [3578]
		IRS NUMBER:				161434688
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-34947
		FILM NUMBER:		20901832

	BUSINESS ADDRESS:	
		STREET 1:		PAR TECHNOLOGY PARK
		STREET 2:		8383 SENECA TURNPIKE
		CITY:			NEW HARTFORD
		STATE:			NY
		ZIP:			13413
		BUSINESS PHONE:		3157380600

	MAIL ADDRESS:	
		STREET 1:		8383 SENECA TURNPIKE
		CITY:			NEW HARTFORD
		STATE:			NY
		ZIP:			13413

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ADW Capital Partners, L.P.
		CENTRAL INDEX KEY:			0001511001
		IRS NUMBER:				273514468
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		1133 BROADWAY
		STREET 2:		SUITE 719
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10010
		BUSINESS PHONE:		(646) 684-4086

	MAIL ADDRESS:	
		STREET 1:		1133 BROADWAY
		STREET 2:		SUITE 719
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10010
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>par-sc13g_052020.htm
<DESCRIPTION>ACQUISITION OF BENEFICIAL OWNERSHIP
<TEXT>
<html><head><title></title></head><body><p style="font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;"><b><font style="font-size: 14pt;">UNITED STATES</font><br><font style="font-size: 14pt;">SECURITIES AND EXCHANGE COMMISSION</font><br><font style="font-size: 12pt;">Washington, D.C. 20549</font></b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin: 0pt 0pt 0pt 0pt;"><font style="font-size: 18pt;"><b>SCHEDULE 13G</b></font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;"><font style="font-size: 12pt;"><b>Under the Securities Exchange Act of 1934</b>&nbsp;</font></p>
<p  style="font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;"><font style="font-size: 12pt;"><b>(Amendment No.)*</b></font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin: 0pt 0pt 0pt 0pt;"><font style="font-size: 24pt;"><b>PAR Technology Corporation</b></font>&nbsp;</p>
<div style="border: none; border-top: solid windowtext 1.0pt; padding: 1.0pt 0pt 0pt 0pt;">
<p  style="font: 10pt Times New Roman, Times, Serif; text-align: center; border: none; padding: 0pt; margin: 0pt 0pt 0pt 0pt;">(Name of Issuer)</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
</div>
<p  style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin: 0pt 0pt 0pt 0pt;"><b>Common Stock, $.02 Par Value</b>&nbsp;</p>
<div style="border: none; border-top: solid windowtext 1.0pt; padding: 1.0pt 0pt 0pt 0pt;">
<p  style="font: 10pt Times New Roman, Times, Serif; text-align: center; border: none; padding: 0pt; margin: 0pt 0pt 0pt 0pt;">(Title of Class of Securities)</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
</div>
<div style="border: none; border-bottom: solid windowtext 1.0pt; padding: 0pt 0pt 1.0pt 0pt;">
<p  style="font: 10pt Times New Roman, Times, Serif; border: none; padding: 0pt; text-align: center; margin: 0pt 0pt 0pt 0pt;"><b>698884103</b>&nbsp;</p>
</div>
<p  style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin: 0pt 72.0pt 0pt 72.0pt;">(CUSIP Number)</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin: 0pt 0pt 0pt 0pt;"><b>May 20, 2020</b>&nbsp;</p>
<div style="border: none; border-top: solid windowtext 1.0pt; padding: 1.0pt 0pt 0pt 0pt;">
<p  style="font: 10pt Times New Roman, Times, Serif; text-align: center; border: none; padding: 0pt; margin: 0pt 0pt 0pt 0pt;">(Date of Event which Requires Filing of this Statement)<br></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
</div>
<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;">Check the appropriate box to designate the rule pursuant to which this Schedule is filed:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#9744;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Rule 13d-1(b)</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#9745;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Rule 13d-1(c)</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#9744;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Rule 13d-1(d)</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><font style="color: black;">* The remainder of this cover page shall be filled out for a reporting person&#x2019;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><font style="color: black;">The information required in the remainder of this cover page shall not be deemed to be &#x0093;filed&#x0094; for the purpose of Section 18 of the Securities Exchange Act of 1934 (the &#x0093;Act&#x0094;) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0pt 0pt 0pt 0pt;">PAGE 2 OF 9</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;"><b>CUSIP No. 698884103&nbsp;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><b></b></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%; border-bottom: Black 1pt solid; padding: 0 5.4pt"><font style="font-size: 1pt">&nbsp;</font></td>
    <td style="width: 7%; border-bottom: Black 1pt solid; padding: 0 5.4pt"><font style="font-size: 1pt">&nbsp;</font></td>
    <td style="width: 5%; border-bottom: Black 1pt solid; padding: 0 5.4pt"><font style="font-size: 1pt">&nbsp;</font></td>
    <td style="width: 73%; border-bottom: Black 1pt solid; padding: 0 5.4pt"><font style="font-size: 1pt">&nbsp;</font></td>
    <td style="width: 10%; border-bottom: Black 1pt solid; padding: 0 5.4pt"><font style="font-size: 1pt">&nbsp;</font></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>1</b></font></td>
    <td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; padding-top: 6pt">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NAME OF REPORTING PERSON<br>
        <br>
        </p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">ADW Capital Partners, L.P.</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-bottom: 12pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>2</b></font></td>
    <td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; padding-top: 6pt">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 0pt">(a) <font style="font-family: Times New Roman, Times, Serif">&#9744;</font><br>
        (b) <font style="font-family: Times New Roman, Times, Serif">&#9745;</font></p></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">&nbsp;</font></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>3</b></font></td>
    <td colspan="4" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>SEC USE ONLY</b></font></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>4</b></font></td>
    <td colspan="4" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">CITIZENSHIP OR PLACE OF ORGANIZATION</font><br>
<font style="font-size: 10pt">Delaware, USA</font></td></tr>
<tr>
    <td colspan="2" rowspan="4" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 10pt">NUMBER
OF </font><br>
<font style="font-size: 10pt">SHARES</font><br>
<font style="font-size: 10pt">BENEFICIALLY<br>
OWNED BY <br>
EACH <br>
REPORTING<br>
PERSON <br>
WITH</font></td>
    <td style="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>5</b></font></td>
    <td colspan="2" style="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; padding-top: 6pt">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SOLE VOTING POWER</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">0</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>6</b></font></td>
    <td colspan="2" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; padding-top: 6pt">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SHARED VOTING POWER</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">913,000 shares of Common Stock</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>7</b></font></td>
    <td colspan="2" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; padding-top: 6pt">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SOLE DISPOSITIVE POWER</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">0</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>8</b></font></td>
    <td colspan="2" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; padding-top: 6pt">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SHARED DISPOSITIVE POWER</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">913,000 shares of Common Stock</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>9</b></font></td>
    <td style="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td colspan="3" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; padding-top: 6pt">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">913,000 shares of Common Stock</p></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>10</b></font></td>
    <td style="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td colspan="3" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">CHECK
    BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="font-family: Times New Roman, Times, Serif">&#9744;</font></font></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>11</b></font></td>
    <td style="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td colspan="3" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; padding-top: 6pt">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">5.0% (1)</p></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>12</b></font></td>
    <td style="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td colspan="3" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">TYPE OF REPORTING PERSON</font><br>
<font style="font-size: 10pt">PN</font></td></tr>
</table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><b>&nbsp;&nbsp;</b></p>
<table style="width: 100%;" border="0" width="100%" cellspacing="0" cellpadding="0">

<tr>
<td valign="top" style="width:20pt;"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
</td>
<td valign="top" style="width:18pt;"><p  style="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt; margin-top: 0pt; margin-right: 0pt; text-align: justify;">(1)</p>
</td>
<td valign="top"><p  style="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt; margin-top: 0pt; margin-right: 0pt; text-align: justify;">Based
                 upon 18,243,672 shares of common stock outstanding as of May 1, 2020, as disclosed in the Form 10-Q that was
                 filed on May 11, 2020, by the Issuer with the Securities and Exchange Commission.</p>
</td>
</tr>

</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;&nbsp;</p>

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<p  style="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0pt 0pt 0pt 0pt;">PAGE 3 OF 9</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;"><b>CUSIP No. 698884103</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><b></b></p>

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    <td style="width: 7%; border-bottom: Black 1pt solid; padding: 0 5.4pt"><font style="font-size: 1pt">&nbsp;</font></td>
    <td style="width: 5%; border-bottom: Black 1pt solid; padding: 0 5.4pt"><font style="font-size: 1pt">&nbsp;</font></td>
    <td style="width: 73%; border-bottom: Black 1pt solid; padding: 0 5.4pt"><font style="font-size: 1pt">&nbsp;</font></td>
    <td style="width: 10%; border-bottom: Black 1pt solid; padding: 0 5.4pt"><font style="font-size: 1pt">&nbsp;</font></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>1</b></font></td>
    <td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; padding-top: 6pt">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NAME OF REPORTING PERSON<br>
        <br>
        </p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">ADW Capital Management, LLC</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-bottom: 12pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>2</b></font></td>
    <td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; padding-top: 6pt">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 0pt">(a) <font style="font-family: Times New Roman, Times, Serif">&#9744;</font><br>
        (b) <font style="font-family: Times New Roman, Times, Serif">&#9745;</font></p></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">&nbsp;</font></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>3</b></font></td>
    <td colspan="4" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>SEC USE ONLY</b></font></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>4</b></font></td>
    <td colspan="4" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">CITIZENSHIP OR PLACE OF ORGANIZATION</font><br>
<font style="font-size: 10pt">Delaware, USA</font></td></tr>
<tr>
    <td colspan="2" rowspan="4" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 10pt">NUMBER
OF</font><br>
<font style="font-size: 10pt">SHARES</font><br><font style="font-size: 10pt">BENEFICIALLY<br>OWNED BY <br>
EACH <br>
REPORTING<br>
 PERSON <br>
WITH</font></td>
    <td style="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>5</b></font></td>
    <td colspan="2" style="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; padding-top: 6pt">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SOLE VOTING POWER</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">0</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>6</b></font></td>
    <td colspan="2" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; padding-top: 6pt">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SHARED VOTING POWER</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">913,000 shares of Common Stock</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>7</b></font></td>
    <td colspan="2" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; padding-top: 6pt">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SOLE DISPOSITIVE POWER</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">0</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>8</b></font></td>
    <td colspan="2" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; padding-top: 6pt">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SHARED DISPOSITIVE POWER</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">913,000 shares of Common Stock</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>9</b></font></td>
    <td style="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td colspan="3" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; padding-top: 6pt">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">913,000 shares of Common Stock</p></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>10</b></font></td>
    <td style="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td colspan="3" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">CHECK
    BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="font-family: Times New Roman, Times, Serif">&#9744;</font></font></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>11</b></font></td>
    <td style="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td colspan="3" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; padding-top: 6pt">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">5.0% (1)</p></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>12</b></font></td>
    <td style="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td colspan="3" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">TYPE OF REPORTING PERSON</font><br>
<font style="font-size: 10pt">HC, IA</font></td></tr>
</table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><b>&nbsp;&nbsp;</b></p>
<table style="width: 100%;" border="0" width="100%" cellspacing="0" cellpadding="0">

<tr>
<td valign="top" style="width:20pt;"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
</td>
<td valign="top" style="width:18pt;"><p  style="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt; margin-top: 0pt; margin-right: 0pt; text-align: justify;">(1)</p>
</td>
<td valign="top"><p  style="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt; margin-top: 0pt; margin-right: 0pt; text-align: justify;">Based
upon 18,243,672 shares of common stock outstanding as of May 1, 2020, as disclosed in the Form 10-Q that was filed on May 11,
2020, by the Issuer with the Securities and Exchange Commission.</p>
</td>
</tr>

</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;&nbsp;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0pt 0pt 0pt 0pt;">PAGE 4 OF 9</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;"><b>CUSIP No. 698884103</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><b></b></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 5%; border-bottom: Black 1pt solid; padding: 0 5.4pt"><font style="font-size: 1pt">&nbsp;</font></td>
    <td style="width: 7%; border-bottom: Black 1pt solid; padding: 0 5.4pt"><font style="font-size: 1pt">&nbsp;</font></td>
    <td style="width: 5%; border-bottom: Black 1pt solid; padding: 0 5.4pt"><font style="font-size: 1pt">&nbsp;</font></td>
    <td style="width: 73%; border-bottom: Black 1pt solid; padding: 0 5.4pt"><font style="font-size: 1pt">&nbsp;</font></td>
    <td style="width: 10%; border-bottom: Black 1pt solid; padding: 0 5.4pt"><font style="font-size: 1pt">&nbsp;</font></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>1</b></font></td>
    <td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; padding-top: 6pt">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NAME OF REPORTING PERSON<br>
        <br>
        </p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Adam D. Wyden</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-bottom: 12pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>2</b></font></td>
    <td colspan="3" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; padding-top: 6pt">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(a) <font style="font-family: Times New Roman, Times, Serif">&#9744;</font><br>
        (b) <font style="font-family: Times New Roman, Times, Serif">&#9745;</font></p></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">&nbsp;</font></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>3</b></font></td>
    <td colspan="4" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>SEC USE ONLY</b></font></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>4</b></font></td>
    <td colspan="4" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">CITIZENSHIP OR PLACE OF ORGANIZATION</font><br>
<font style="font-size: 10pt">New York, USA</font></td></tr>
<tr>
    <td colspan="2" rowspan="4" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><font style="font-size: 10pt">NUMBER
OF </font><br>
<font style="font-size: 10pt">SHARES</font><br>
<font style="font-size: 10pt">BENEFICIALLY<br>
OWNED BY <br>
EACH <br>
REPORTING<br>
PERSON <br>
WITH</font></td>
    <td style="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>5</b></font></td>
    <td colspan="2" style="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; padding-top: 6pt">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SOLE VOTING POWER</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">0</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>6</b></font></td>
    <td colspan="2" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; padding-top: 6pt">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SHARED VOTING POWER</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">913,000 shares of Common Stock</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>7</b></font></td>
    <td colspan="2" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; padding-top: 6pt">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SOLE DISPOSITIVE POWER</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">0</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>8</b></font></td>
    <td colspan="2" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; padding-top: 6pt">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SHARED DISPOSITIVE POWER</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">913,000 shares of Common Stock</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>9</b></font></td>
    <td style="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td colspan="3" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; padding-top: 6pt">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">913,000 shares of Common Stock</p></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>10</b></font></td>
    <td style="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td colspan="3" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">CHECK
    BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="font-family: Times New Roman, Times, Serif">&#9744;</font></font></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>11</b></font></td>
    <td style="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td colspan="3" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; padding-top: 6pt">
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9</p>
        <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">5.0% (1)</p></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>12</b></font></td>
    <td style="border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td colspan="3" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">TYPE OF REPORTING PERSON</font><br>
<font style="font-size: 10pt">HC, IN</font></td></tr>
</table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><b>&nbsp;</b></p>
<table style="width: 100%;" border="0" width="100%" cellspacing="0" cellpadding="0">

<tr>
<td valign="top" style="width:20pt;"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
</td>
<td valign="top" style="width:18pt;"><p  style="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt; margin-top: 0pt; margin-right: 0pt; text-align: justify;">(1)</p>
</td>
<td valign="top"><p  style="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt; margin-top: 0pt; margin-right: 0pt; text-align: justify;">Based
upon 18,243,672 shares of common stock outstanding as of May 1, 2020, as disclosed in the Form 10-Q that was filed on May 11,
2020, by the Issuer with the Securities and Exchange Commission.</p>
</td>
</tr>

</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;&nbsp;</p>

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<p  style="font: 10pt Times New Roman, Times, Serif; text-align: right; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">PAGE 5 OF 9</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;"><b>ITEM 1(a):&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name of Issuer:</b></p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 36.0pt; margin: 0pt 0pt 0pt 0pt;">Par Technology Corporation. (the &#x0093;Issuer&#x0094;)</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: -72.0pt; margin: 0pt 0pt 0pt 72.0pt;"><b>ITEM 1(b):&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Address of Issuer&#x2019;s Principal Executive Offices:</b></p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 36.0pt; margin: 0pt 0pt 0pt 0pt;">8383 Seneca Turnpike, New Hartford, New York 13413</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;"><b>ITEM 2(a):&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name of Person Filing:</b></p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 36.0pt; margin: 0pt 0pt 0pt 0pt;">This statement is jointly filed by and on behalf of each of ADW Capital Partners, L.P., ADW Capital Management, LLC and Adam D. Wyden. ADW Capital Partners, L.P. is the record and direct beneficial owners of the securities covered by this statement. ADW Capital Management, LLC is the general partner and investment manager of, and may be deemed to beneficially own securities owned by, ADW Capital Partners, L.P. Mr. Wyden is the sole manager of, and may be deemed to beneficially own securities owned by, ADW Capital Management, LLC.</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 36.0pt; margin: 0pt 0pt 0pt 0pt;">Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this statement.</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 36.0pt; margin: 0pt 0pt 0pt 0pt;">Each of the reporting persons may be deemed to be a member of a group with respect to the Issuer or securities of the Issuer for the purposes of Section 13(d) or 13(g) of the Act. Each of the reporting persons declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: -72.0pt; margin: 0pt 0pt 0pt 72.0pt;"><b>ITEM 2(b):&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Address of Principal Business Office or, if None, Residence:</b></p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 36.0pt; margin: 0pt 0pt 0pt 0pt;">The address of the principal business office of each of the reporting persons is 1133 Broadway, Suite 719, New York, New York 10010</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: -72.0pt; margin: 0pt 0pt 0pt 72.0pt;"><b>ITEM 2(c):&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Citizenship:</b></p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 36.0pt; margin: 0pt 0pt 0pt 0pt;">See Item 4 on the cover page(s) hereto.</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: -72.0pt; margin: 0pt 0pt 0pt 72.0pt;"><b>ITEM 2(d):&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title of Class of Securities:</b></p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 36.0pt; margin: 0pt 0pt 0pt 0pt;">Common Stock, $.02 Par Value</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: -72.0pt; margin: 0pt 0pt 0pt 72.0pt;"><b>ITEM 2(e):&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CUSIP Number:</b></p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 36.0pt; margin: 0pt 0pt 0pt 0pt;">698884103</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;"><b>ITEM 3:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If This Statement is Filed Pursuant to &#167;&#167;240.13d-1(b) or 240.13d-2(b) or (c),<br>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Check Whether the Person Filing is a:</b>&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt; text-align: justify; margin-top: 0pt;"><font style="color: black;">Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);</font></p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt; text-align: justify; margin-top: 0pt;"><font style="color: black;">Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);</font></p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt; text-align: justify; margin-top: 0pt;"><font style="color: black;">Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);</font></p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt; text-align: justify; margin-top: 0pt;"><font style="color: black;">(d)</font></p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt; text-align: justify; margin-top: 0pt;"><font style="color: black;">Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);</font></p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt; text-align: justify; margin-top: 0pt;"><font style="color: black;">An investment adviser in accordance with &#167;240.13d-1(b)(1)(ii)(E);</font></p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt; text-align: justify; margin-top: 0pt;"><font style="color: black;">An employee benefit plan or endowment fund in accordance with &#167;240.13d-1(b)(1)(ii)(F);</font></p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt; text-align: justify; margin-top: 0pt;"><font style="color: black;">A parent holding company or control person in accordance with &#167;240.13d-1(b)(1)(ii)(G);</font></p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt; text-align: justify; margin-top: 0pt;"><font style="color: black;">A savings association as defined in Section&nbsp;3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);</font></p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt; text-align: justify; margin-top: 0pt;"><font style="color: black;">A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);</font></p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt; text-align: justify; margin-top: 0pt;"><font style="color: black;">A non-U.S. institution in accordance with &#167; 240.13d-1(b)(1)(ii)(J);</font></p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt; text-align: justify; margin-top: 0pt;"><font style="color: black;">Group, in accordance with &#167;240.13d-1(b)(1)(ii)(K).</font></p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 36.0pt; margin-top: 0pt; margin-bottom: 0pt;">If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution:</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Not applicable.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;"><b>ITEM 4:<font style="font-weight: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Ownership.</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 36.0pt; margin: 0pt 0pt 0pt 0pt;"><b>(a) Amount Beneficially Owned: </b>See Item 9 on the cover page(s) hereto.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 36.0pt; margin: 0pt 0pt 0pt 0pt;"><b>(b) Percent of Class: </b>See Item 11 on the cover page(s) hereto.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 36.0pt; margin: 0pt 0pt 0pt 0pt;"><b>(c) <font style="color: black;">Number of Shares as to which such person has:</font></b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (i) Sole power to vote or to direct the vote: </b>See Item 5 on the cover page(s) hereto.<b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ii) Shared power to vote or to direct the vote: </b>See Item 6 on the cover page(s) hereto.<b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (iii) Sole power to dispose or to direct the disposition of: </b>See Item 7 on the cover page(s) hereto.<b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (iv) Shared power to dispose or to direct the disposition of: </b>See Item 8 on the cover page(s) hereto.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;"><b>ITEM 5:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ownership of Five Percent or Less of a Class:</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 36.0pt; margin: 0pt 0pt 0pt 0pt;">Not applicable.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;"><b>ITEM 6:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ownership of More than Five Percent on Behalf of Another Person:</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 36.0pt; margin: 0pt 0pt 0pt 0pt;">Not applicable.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;"><b>ITEM 7:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Identification and Classification of the Subsidiary Which Acquired the<br>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Security Being Reported on By the Parent Holding Company:</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 36.0pt; margin: 0pt 0pt 0pt 0pt;">Not applicable<font style="color: black;">.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;"><b>ITEM 8:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Identification and Classification of Members of the Group:</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 36.0pt; margin: 0pt 0pt 0pt 0pt;"><font style="color: black;">Not applicable.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;"><b>ITEM 9:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notice of Dissolution of a Group:</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 36.0pt; margin: 0pt 0pt 0pt 0pt;"><font style="color: black;">Not applicable.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;"><b>ITEM 10:</b>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<b>Certification</b>.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 36.0pt; margin: 0pt 0pt 0pt 0pt;">By signing
below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held
for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities
solely in connection with a nomination under &#167;&nbsp;240.14a-11.&nbsp;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

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<p  style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt;"><b>SIGNATURE</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement
is true, complete and correct.</p>
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<table style="border-collapse: collapse; border: none; width: 100%; margin: 0px;" border="0" cellspacing="0" cellpadding="0">

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<td style="padding: 0pt;" valign="top"><p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;">Dated: May 21, 2020</p>
</td>
<td style="padding: 0pt;" colspan="2" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;"><b>ADW CAPITAL PARTNERS, L.P.</b></p>
</td>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;"><b>&nbsp;</b></p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;"><b>&nbsp;</b></p>
</td>
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<td style="padding: 0pt;width:50%;" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
</td>
<td style="padding: 0pt;width:3%;" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">By:</p>
</td>
<td style="padding: 0pt;width:47%;" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">ADW Capital Management, LLC</p>
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<td style="padding: 0pt;" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
</td>
<td style="padding: 0pt;" colspan="2" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">Its: General Partner</p>
</td>
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<td style="padding: 0pt;" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt; text-decoration: none;"><font style="text-decoration: none;">&nbsp;</font></p>
</td>
<td style="padding: 0pt;" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">By:</p>
</td>
<td style="padding: 0pt; border-bottom: 1pt solid black;" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">/s/ Adam D. Wyden</p>
</td>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
</td>
<td style="padding: 0pt;" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
</td>
<td style="padding: 0pt;" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">Name: Adam D. Wyden<br>Title: Sole Manager</p>
</td>
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<td style="padding: 0pt;" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
</td>
<td style="padding: 0pt;" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
</td>
<td style="padding: 0pt;" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;"><b>&nbsp;</b></p>
</td>
<td style="padding: 0pt;" colspan="2" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;"><b>ADW CAPITAL MANAGEMENT, LLC</b></p>
</td>
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<td style="padding: 0pt;" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
</td>
<td style="padding: 0pt;" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">By:</p>
</td>
<td style="padding: 0pt; border-bottom: 1pt solid black;" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">/s/ Adam D. Wyden</p>
</td>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<td style="padding: 0pt;" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
</td>
<td style="padding: 0pt;" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">Name: Adam D. Wyden<br>Title: Sole Manager</p>
</td>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
</td>
<td style="padding: 0pt;" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
</td>
<td style="padding: 0pt;" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
</td>
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<td style="padding: 0pt;" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;"><b>&nbsp;</b></p>
</td>
<td style="padding: 0pt;" colspan="2" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;"><b>ADAM D. WYDEN</b></p>
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<td style="padding: 0pt;" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
</td>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
</td>
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<td style="padding: 0pt;" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
</td>
<td style="padding: 0pt; border-bottom: 1pt solid black;" colspan="2" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">/s/ Adam D. Wyden</p>
</td>
</tr>

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<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;&nbsp;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;&nbsp;</p>
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8 OF 9</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; margin-left: 30.6pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt;">EXHIBIT INDEX</p>
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<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0in"></td><td style="width: 10%; text-align: left">EXHIBIT 1:</td><td style="text-align: justify; width: 90%">Joint Acquisition Statement Pursuant to Section 240.13d-1(k)</td>
</tr>               <tr style="vertical-align: top; text-align: justify">
<td>&nbsp;</td><td style="text-align: left">&nbsp;</td><td style="text-align: justify">&nbsp;</td></tr>
<tr style="vertical-align: top; text-align: justify">
<td>&nbsp;</td><td style="text-align: left">&nbsp;</td><td style="text-align: justify">Members of Group</td></tr>
</table>
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<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;&nbsp;</p>
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9 OF 9</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; margin-left: 30.6pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt;">EXHIBIT 1</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; margin-left: 30.6pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt;">JOINT
ACQUISITION STATEMENT&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; margin-left: 30.6pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt;"><u>PURSUANT TO SECTION 240.13d-1(k)</u></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<p  style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements.&nbsp; The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him, her or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the other entities or persons, except to the extent that he, she or it knows or has reason to believe that such information is inaccurate.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>
<table style="border-collapse: collapse; border: none; width: 100%; margin: 0px;" border="0" width="100%" cellspacing="0" cellpadding="0">

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<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;">Dated: May 21, 2020</p>
</td>
<td style="padding: 0pt 0pt 0pt 0pt;" colspan="2" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;"><b>ADW CAPITAL PARTNERS, L.P.</b></p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;"><b>&nbsp;</b></p>
</td>
<td style="padding: 0pt 0pt 0pt 0pt;" colspan="2" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;"><b>&nbsp;</b></p>
</td>
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<td style="padding: 0pt;width:50%;" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
</td>
<td style="padding: 0pt;width:3%;" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">By:</p>
</td>
<td style="padding: 0pt;width:47%;" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">ADW Capital Management, LLC</p>
</td>
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<td style="padding: 0pt 0pt 0pt 0pt;" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
</td>
<td style="padding: 0pt 0pt 0pt 0pt;" colspan="2" valign="top">
<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">Its: General Partner</p>
</td>
</tr>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt; text-decoration: none;"><font style="text-decoration: none;">&nbsp;</font></p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">By:</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">/s/ Adam D. Wyden</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">Name: Adam D. Wyden<br>Title: Sole Manager</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;"><b>&nbsp;</b></p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;"><b>ADW CAPITAL MANAGEMENT, LLC</b></p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">By:</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">/s/ Adam D. Wyden</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">Name: Adam D. Wyden<br>Title: Sole Manager</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;"><b>&nbsp;</b></p>
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<p  style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt;"><b>ADAM D. WYDEN</b></p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">&nbsp;</p>
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<p  style="font: 10pt Times New Roman, Times, Serif; text-indent: 0pt; margin: 0pt 0pt 0pt 0pt;">/s/ Adam D. Wyden</p>
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