<SEC-DOCUMENT>0001104659-20-096149.txt : 20200817
<SEC-HEADER>0001104659-20-096149.hdr.sgml : 20200817
<ACCEPTANCE-DATETIME>20200817170102
ACCESSION NUMBER:		0001104659-20-096149
CONFORMED SUBMISSION TYPE:	S-3
PUBLIC DOCUMENT COUNT:		6
FILED AS OF DATE:		20200817
DATE AS OF CHANGE:		20200817

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NAPCO SECURITY TECHNOLOGIES, INC
		CENTRAL INDEX KEY:			0000069633
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMUNICATIONS EQUIPMENT, NEC [3669]
		IRS NUMBER:				112277818
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		S-3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-248078
		FILM NUMBER:		201110958

	BUSINESS ADDRESS:	
		STREET 1:		333 BAYVIEW AVE
		CITY:			AMITYVILLE
		STATE:			NY
		ZIP:			11701
		BUSINESS PHONE:		631-842-9400

	MAIL ADDRESS:	
		STREET 1:		333 BAYVIEW AVE
		STREET 2:		XXXXXXXXXXXXXXXXXXX
		CITY:			AMITYVILLE
		STATE:			NY
		ZIP:			11701

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NAPCO SECURITY SYSTEMS INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-3
<SEQUENCE>1
<FILENAME>tm2027778-1_s3.htm
<DESCRIPTION>FORM S-3
<TEXT>
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<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="margin: 0pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>As filed with the Securities and Exchange
Commission on August 17, 2020</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Registration No. 333-</B></P>

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

<!-- Field: Rule-Page --><DIV STYLE="width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES </B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON, D.C. 20549 </B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM S-3 </B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REGISTRATION STATEMENT </B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>UNDER </I></B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>THE SECURITIES ACT OF 1933 </I></B></P>

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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NAPCO SECURITY TECHNOLOGIES, INC. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Exact name of registrant as specified
in its charter) </B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt; text-align: center; width: 51%"><B>Delaware</B></TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt; text-align: center; width: 48%"><B>11-2277818</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(State or other jurisdiction of</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>incorporation or organization)</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(I.R.S. Employer</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Identification No.)</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>333 Bayview Avenue</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Amityville, New York 11701</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(631) 842-9400</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Address, including zip code, and telephone
number, including area code, of registrant&rsquo;s principal executive offices) </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Richard L. Soloway</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>President and Chief Executive Officer</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NAPCO Security Technologies, Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>333 Bayview Avenue</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Amityville, New York 11701</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(631) 842-9400 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Name, address, including zip code, and
telephone number, including area code, of agent for service) </B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Morgan, Lewis &amp; Bockius LLP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>1400 Page Mill Road</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(650) 843-7200</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Approximate date of commencement of proposed sale to the
public: </B>From time to time after the effective date of this registration statement.</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">If the only securities being registered on this Form are being
offered pursuant to dividend or interest reinvestment plans, please check the following box. <FONT STYLE="font-family: Wingdings">&uml;</FONT></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">If any of the securities being registered on this Form are to
be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered
only in connection with dividend or interest reinvestment plans, check the following box. <FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></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">If this Form is filed to register additional securities for
an offering pursuant to Rule 462(b) under the Securities Act of 1933, please check the following box and list the Securities Act
registration statement number of the earlier effective registration statement for the same offering. <FONT STYLE="font-family: Wingdings">&uml;</FONT></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">If this Form is a post-effective amendment filed pursuant to
Rule 462(c) under the Securities Act of 1933, check the following box and list the Securities Act registration statement number
of the earlier effective registration statement for the same offering. <FONT STYLE="font-family: Wingdings">&uml;</FONT></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">If this Form is a registration statement pursuant to General
Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to
Rule 462(e) under the Securities Act of 1933, check the following box. <FONT STYLE="font-family: Wingdings">&uml;</FONT></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">If this Form is a post-effective amendment to a registration
statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities
pursuant to Rule 413(b) under the Securities Act of 1933, check the following box. <FONT STYLE="font-family: Wingdings">&uml;</FONT></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">Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See definitions
of &ldquo;large accelerated filer,&rdquo; &ldquo;accelerated filer,&rdquo; &ldquo;smaller reporting company&rdquo; and &ldquo;emerging
growth company&rdquo; in Rule 12b-2 of the Exchange Act. (Check one):</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.25pt; font-size: 10pt; width: 20%">Large accelerated filer</TD>
    <TD STYLE="padding: 0.25pt; width: 1%">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt; width: 56%"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="padding: 0.25pt; width: 1%">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt; width: 19%">Accelerated filer</TD>
    <TD STYLE="padding: 0.25pt; width: 1%">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt; width: 2%"><FONT STYLE="font-family: Wingdings">&#120;</FONT></TD></TR>
<TR>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0.25pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.25pt; font-size: 10pt">Non-accelerated filer</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">Smaller reporting company</TD>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt">
        <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">Emerging growth company</P></TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;</TD></TR>
</TABLE>
<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">If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with new or revised financial accounting standards
provided pursuant to Section 7(a)(2)(B) of the Securities Act. <FONT STYLE="font-family: Wingdings">o</FONT></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; text-align: center"><B>CALCULATION OF REGISTRATION FEE </B>&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="border-bottom: Black medium double; padding: 0.25pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0.4pt 0.25pt 0.25pt; width: 44%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Title of Each Class of</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Securities to be Registered</B></P></TD>
    <TD STYLE="border-left: black 1pt solid; padding: 0.4pt 0.25pt 0.25pt 0.4pt; width: 1%">&nbsp;</TD>
    <TD STYLE="padding: 0.4pt 0.25pt 0.25pt; white-space: nowrap; width: 13%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Amount</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>to be</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Registered(1)</B></P></TD>
    <TD STYLE="border-left: black 1pt solid; padding: 0.4pt 0.25pt 0.25pt 0.4pt; width: 1%">&nbsp;</TD>
    <TD STYLE="padding: 0.4pt 0.25pt 0.25pt; white-space: nowrap; width: 13%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Proposed</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Maximum</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Offering Price</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Per Share(2)</B></P></TD>
    <TD STYLE="border-left: black 1pt solid; padding: 0.4pt 0.25pt 0.25pt 0.4pt; width: 1%">&nbsp;</TD>
    <TD STYLE="padding: 0.4pt 0.25pt 0.25pt; white-space: nowrap; width: 13%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Proposed</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Maximum</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Aggregate</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Offering Price</B></P></TD>
    <TD STYLE="border-left: black 1pt solid; padding: 0.4pt 0.25pt 0.25pt 0.4pt; width: 1%">&nbsp;</TD>
    <TD STYLE="padding: 0.4pt 0.25pt 0.25pt; white-space: nowrap; font-size: 10pt; text-align: center; width: 13%"><FONT STYLE="font-size: 10pt"><B>Amount of<BR>
Registration Fee</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black medium double; padding: 0.4pt 0.25pt 2.5pt 10pt; vertical-align: top; font-size: 10pt; text-indent: -10pt">Common Stock, $0.01 par value per share</TD>
    <TD STYLE="border-bottom: Black medium double; border-top: Black 1pt solid; border-left: black 1pt solid; padding: 0.4pt 0.25pt 2.5pt 0.4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black medium double; white-space: nowrap; vertical-align: bottom; padding-top: 0.4pt; padding-right: 0.25pt; padding-left: 0.25pt; font-size: 10pt; text-align: center">2,568,032</TD>
    <TD STYLE="border-bottom: Black medium double; border-top: Black 1pt solid; border-left: black 1pt solid; padding: 0.4pt 0.25pt 2.5pt 0.4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black medium double; white-space: nowrap; vertical-align: bottom; padding-top: 0.4pt; padding-right: 0.25pt; padding-left: 0.25pt; font-size: 10pt; text-align: center">$25.30</TD>
    <TD STYLE="border-bottom: Black medium double; border-top: Black 1pt solid; border-left: black 1pt solid; padding: 0.4pt 0.25pt 2.5pt 0.4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black medium double; white-space: nowrap; vertical-align: bottom; padding-top: 0.4pt; padding-right: 0.25pt; padding-left: 0.25pt; font-size: 10pt; text-align: center">$64,971,209.60 </TD>
    <TD STYLE="border-bottom: Black medium double; border-top: Black 1pt solid; border-left: black 1pt solid; padding: 0.4pt 0.25pt 2.5pt 0.4pt; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black medium double; white-space: nowrap; vertical-align: bottom; padding-top: 0.4pt; padding-right: 0.25pt; padding-left: 0.25pt; font-size: 10pt; text-align: center">$8,433.27</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; padding: 0.25pt; font-size: 10pt">(1)</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">Pursuant to Rule 416 under the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;), this registration statement also covers any additional securities that may be offered or issued in connection with any stock split, stock dividend or pursuant to anti-dilution provisions of any of the securities. </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; padding: 0.25pt; font-size: 10pt">(2)</TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt">Estimated solely for purposes of calculating the registration fee pursuant to Rule 457(c) under the Securities Act and based upon the average of the high and low prices on the NASDAQ Global Market on August 14, 2020. </TD></TR>
</TABLE>
<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"><B>The registrant hereby amends this registration statement
on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which
specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities
Act or until this registration statement shall become effective on such date as the Commission, acting pursuant to said Section
8(a), may determine. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #FF4338">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #FF4338"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #FF4338"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #FF4338"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #FF4338"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: rgb(255,64,64)"><B>The information in this
prospectus is not complete and may be changed. The selling stockholder named in this prospectus may not sell these securities
until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer
to sell these securities and the selling stockholder named in this prospectus are not soliciting offers to buy these securities
in any jurisdiction where the offer or sale is not permitted. </B></FONT></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; text-align: center"><FONT STYLE="color: rgb(255,64,64)"><B>Subject
to completion, dated August 17, 2020</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>PROSPECTUS </B></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; text-align: center"><B>NAPCO SECURITY TECHNOLOGIES, INC. </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>2,568,032 SHARES OF COMMON STOCK </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The selling stockholder identified in this prospectus may offer
and sell, from time to time, in one or more offerings, up to 2,568,032 shares of our common stock, at prices and on terms that
will be determined at the time of the offering.</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">This prospectus relates solely to sales of our common stock
by the selling stockholder identified in this prospectus. We are not selling any common stock under this prospectus and will not
receive any of the proceeds from the sale of the common stock by the selling stockholder.</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">This prospectus describes the general manner in which the shares
of our common stock may be offered and sold by the selling stockholder. Each time securities are offered pursuant to this prospectus,
we may provide a prospectus supplement and attach it to this prospectus. Any prospectus supplement will contain specific information
about the terms of the offering and the offered securities and may also add, update or change the information in this prospectus.
You should read this prospectus and any applicable prospectus supplement carefully before you invest in our common stock.</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">The shares of our common stock may be sold at fixed prices,
prevailing market prices at the times of sale, prices related to the prevailing market prices, varying prices determined at the
times of sale or negotiated prices. The shares of our common stock offered by this prospectus and any accompanying prospectus supplement
may be offered by the selling stockholder directly to investors or to or through underwriters, dealers or other agents. The prospectus
supplement for each offering will describe in detail the plan of distribution for that offering and will set forth the names of
any underwriters, dealers or agents involved in the offering and any applicable fees, commissions or discount arrangements.</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">Our common stock is listed on the NASDAQ Global Market (&ldquo;NASDAQ&rdquo;),
under the symbol &ldquo;NSSC.&rdquo; On August 14, 2020, the closing sale price of our common stock on NASDAQ was $25.11 per share.
You are urged to obtain current market quotations for our common stock.</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"><B>Investing in our common stock involves a high degree of risk.
See &ldquo;<U>Risk Factors</U>&rdquo; beginning on page 12 of this prospectus and in the documents incorporated by reference in
this prospectus for a discussion of the factors you should carefully consider before deciding to purchase these securities.</B></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"><B>Neither the Securities and Exchange Commission nor any state
securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete.
Any representation to the contrary is a criminal offense. </B></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; text-align: center"><B>&nbsp;</B></P>

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

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

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

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

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

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



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="padding-top: 2pt; width: 90%; text-align: left; padding-bottom: 2pt"><A HREF="#b1">ABOUT THIS PROSPECTUS</A></TD>
    <TD STYLE="padding-top: 2pt; width: 10%; text-align: right; padding-bottom: 2pt"><A HREF="#b1">1</A></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="padding-top: 2pt; text-align: left; padding-bottom: 2pt"><A HREF="#b2">SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS</A></TD>
    <TD STYLE="padding-top: 2pt; text-align: right; padding-bottom: 2pt"><A HREF="#b2">2</A></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="padding-top: 2pt; text-align: left; padding-bottom: 2pt"><A HREF="#b3">WHERE YOU CAN FIND MORE INFORMATION</A></TD>
    <TD STYLE="padding-top: 2pt; text-align: right; padding-bottom: 2pt"><A HREF="#b3">3</A></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="padding-top: 2pt; text-align: left; padding-bottom: 2pt"><A HREF="#b4">PROSPECTUS SUMMARY</A></TD>
    <TD STYLE="padding-top: 2pt; text-align: right; padding-bottom: 2pt"><A HREF="#b4">5</A></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="padding-top: 2pt; text-align: left; padding-bottom: 2pt"><A HREF="#c1">RISK FACTORS</A></TD>
    <TD STYLE="padding-top: 2pt; text-align: right; padding-bottom: 2pt"><A HREF="#c1">12</A></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="padding-top: 2pt; text-align: left; padding-bottom: 2pt"><A HREF="#d_001">USE OF PROCEEDS</A></TD>
    <TD STYLE="padding-top: 2pt; text-align: right; padding-bottom: 2pt"><A HREF="#d_001">20</A></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="padding-top: 2pt; text-align: left; padding-bottom: 2pt"><A HREF="#d_002">SELLING STOCKHOLDER</A></TD>
    <TD STYLE="padding-top: 2pt; text-align: right; padding-bottom: 2pt"><A HREF="#d_002">21</A></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="padding-top: 2pt; text-align: left; padding-bottom: 2pt"><A HREF="#s_002">DESCRIPTION OF CAPITAL STOCK</A></TD>
    <TD STYLE="padding-top: 2pt; text-align: right; padding-bottom: 2pt"><A HREF="#s_002">22</A></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="padding-top: 2pt; text-align: left; padding-bottom: 2pt"><A HREF="#s_003">PLAN OF DISTRIBUTION</A></TD>
    <TD STYLE="padding-top: 2pt; text-align: right; padding-bottom: 2pt"><A HREF="#s_003">24</A></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="padding-top: 2pt; text-align: left; padding-bottom: 2pt"><A HREF="#d_003">LEGAL MATTERS</A></TD>
    <TD STYLE="padding-top: 2pt; text-align: right; padding-bottom: 2pt"><A HREF="#d_003">26</A></TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="padding-top: 2pt; text-align: left; padding-bottom: 2pt"><A HREF="#d_004">EXPERTS</A></TD>
    <TD STYLE="padding-top: 2pt; text-align: right; padding-bottom: 2pt"><A HREF="#d_004">26</A></TD></TR>
</TABLE>
<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">We have not authorized anyone to provide you with information
different from that contained or incorporated by reference in this prospectus. The selling stockholder is offering to sell, and
seeking offers to buy, shares of our common stock only in jurisdictions where offers and sales are permitted. The information contained
in this prospectus is accurate only as of the date of this prospectus, regardless of the time of delivery of this prospectus or
of any sale of common stock.</P>

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

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="b1"></A>ABOUT THIS PROSPECTUS</P>

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

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This prospectus is part of a shelf registration statement that
we have filed with the Securities and Exchange Commission, or SEC, under the Securities Act of 1933, as amended, or the Securities
Act. By using a shelf registration statement, the selling stockholder identified in this prospectus may sell shares of our common
stock in one or more offerings.</P>

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

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This prospectus provides you with a general description of the
common stock the selling stockholder may offer. Each time a selling stockholder sells shares of our common stock under this shelf
registration process, we may provide a prospectus supplement that contains specific information about the terms of that offering.
Any prospectus supplement may add, update or change information contained in this prospectus. If there is any inconsistency between
the information in this prospectus and any applicable prospectus supplement, you should rely on the information in the prospectus
supplement. You should read both this prospectus and any prospectus supplement together with the additional information described
below in the section entitled &ldquo;Where You Can Find More Information.&rdquo;</P>

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

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We may also prepare free writing prospectuses to describe the
terms of particular sales of our common stock by a selling stockholder, which terms may vary from those described in any prospectus
supplement. You therefore should carefully review any free writing prospectus in connection with your review of this prospectus
and the applicable prospectus supplement.</P>

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

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">You should rely only on the information contained in this prospectus
or any prospectus supplement, including any information that we incorporate by reference, or any free writing prospectus that we
distribute. We have not authorized anyone to provide you with different information, and we do not take any responsibility for,
or provide any assurance as to the reliability of, any other information that others may give you. You should not assume that the
information contained or incorporated by reference in this prospectus or a prospectus supplement or contained in any free writing
prospectus is accurate as of any date other than the date of the document. We are not making an offer of securities in any jurisdiction
where the offer is not permitted.</P>

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

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Throughout this prospectus, when we use the terms &ldquo;we,&rdquo;
&ldquo;us,&rdquo; &ldquo;our&rdquo; and similar terms, we are referring to NAPCO Security Technologies, Inc. and its subsidiaries.
The term &ldquo;selling stockholder&rdquo; refers to the person named herein that intend to sell shares pursuant to this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="b2"></A>SPECIAL NOTE REGARDING FORWARD-LOOKING
STATEMENTS</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This prospectus and the documents we incorporate by reference
contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities
Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. All statements, other than statements
of historical fact, included or incorporated in this prospectus regarding our strategy, future operations, clinical trials, collaborations,
intellectual property, cash resources, financial position, future revenues, projected costs, prospects, plans, and objectives of
management are forward-looking statements. The words &ldquo;believes,&rdquo; &ldquo;anticipates,&rdquo; &ldquo;estimates,&rdquo;
&ldquo;plans,&rdquo; &ldquo;expects,&rdquo; &ldquo;intends,&rdquo; &ldquo;may,&rdquo; &ldquo;could,&rdquo; &ldquo;should,&rdquo;
&ldquo;potential,&rdquo; &ldquo;likely,&rdquo; &ldquo;projects,&rdquo; &ldquo;continue,&rdquo; &ldquo;will,&rdquo; &ldquo;schedule,&rdquo;
&ldquo;would,&rdquo; and similar expressions are intended to identify forward-looking statements, although not all forward-looking
statements contain these identifying words. We cannot guarantee that we actually will achieve the plans, intentions or expectations
disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. These forward-looking
statements involve known and unknown risks, uncertainties, and other factors, which may be beyond our control, and which may cause
our actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed
or implied by such forward-looking statements. There are a number of important factors that could cause our actual results to differ
materially from those indicated or implied by forward-looking statements. See &ldquo;Risk Factors&rdquo; in this prospectus and
in our Annual Report on Form 10-K for the year ended June 30, 2019 for more information. These factors and the other cautionary
statements made in this prospectus and the documents we incorporate by reference should be read as being applicable to all related
forward-looking statements whenever they appear in this prospectus and the documents we incorporate by reference. In addition,
any forward-looking statements represent our estimates only as of the date that this prospectus is filed with the SEC and should
not be relied upon as representing our estimates as of any subsequent date. We do not assume any obligation to update any forward-looking
statements. We disclaim any intention or obligation to update or revise any forward-looking statement, whether as a result of new
information, future events or otherwise, except as may be required by law.</P>




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

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="b3"></A>WHERE YOU CAN FIND MORE INFORMATION</P>

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

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The registration statement that we have filed with the SEC registers
the securities offered by this prospectus under the Securities Act. The registration statement, including the exhibits to it, contains
additional relevant information about us. The rules and regulations of the SEC allow us to omit some information included in the
registration statement from this prospectus.</P>

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

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In addition, we file annual, quarterly and current reports,
proxy and information statements and other information with the SEC. Our SEC filings, including the registration statement, are
available to the public from the SEC's website at http://www.sec.gov. To receive copies of public records not posted to the SEC's
website at prescribed rates, you may complete an online form at http://www.sec.gov, send a fax to (202) 772-9337 or submit a written
request to the SEC, Office of FOIA/PA Operations, 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330
for further information.</P>

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

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We also make available free of charge on our website, http://www.napcosecurity.com,
under &ldquo;Investors/SEC Filings,&rdquo; all materials that we file electronically with the SEC, including our annual reports
on Form&nbsp;10-K, quarterly reports on Form&nbsp;10-Q, current reports on Form&nbsp;8-K, Section&nbsp;16 reports and amendments
to those reports as soon as reasonably practicable after such materials are electronically filed with, or furnished to, the SEC.
Information contained on our website or any other website is not incorporated by reference into this prospectus and does not constitute
a part of this prospectus.</P>

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

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The SEC allows us to &ldquo;incorporate by reference&rdquo;
the information we have filed with the SEC. This means that we can disclose important information to you without actually including
the specific information in this prospectus by referring you to other documents filed separately with the SEC. These other documents
contain important information about us, our financial condition and our results of operations. The information incorporated by
reference is considered part of this prospectus from the date we file that document. Information that we file later with the SEC
and that is incorporated by reference in this prospectus will automatically update and may supersede information contained or incorporated
by reference in this prospectus or any prospectus supplement.</P>

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

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We incorporate by reference in this prospectus the documents
and portions of documents listed below and any future filings made with the SEC under Sections 13(a), 13(c), 14 or 15(d) of the
Securities Exchange Act of 1934, as amended, or the Exchange Act (other than, in each case, information deemed to have been furnished
and not filed in accordance with SEC rules):</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>our annual report on Form 10-K for the year ended June 30, 2019, filed on <A HREF="http://www.sec.gov/Archives/edgar/data/69633/000114420419044601/tv528953_10k.htm" STYLE="-sec-extract: exhibit">September 13, 2019</A>;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>Amendment No. 1 to our annual report on Form 10-K/A for the year ended June 30, 2019, filed on <A HREF="http://www.sec.gov/Archives/edgar/data/69633/000110465919056944/tm1921259d1_10ka.htm" STYLE="-sec-extract: exhibit">October 28, 2019</A>;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>our quarterly reports on Form 10-Q for the quarter ended September 30, 2019, filed on <A HREF="http://www.sec.gov/Archives/edgar/data/69633/000110465919061770/tm1919561d1_10q.htm" STYLE="-sec-extract: exhibit">November 8, 2019</A>, the quarter ended December 31, 2019, filed on <A HREF="http://www.sec.gov/Archives/edgar/data/69633/000110465920009870/tm205407d1_10q.htm" STYLE="-sec-extract: exhibit">February 3, 2020</A> and the quarter ended March 31, 2020, filed on <A HREF="http://www.sec.gov/Archives/edgar/data/69633/000110465920057604/tm2014599d1_10q.htm" STYLE="-sec-extract: exhibit">May 7, 2020</A>;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>our current reports on Form 8-K filed on <A HREF="https://www.sec.gov/Archives/edgar/data/69633/000114420419033629/tv524719_8k.htm" STYLE="-sec-extract: exhibit">July 2, 2019</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/69633/000114420419034684/tv525209_8k.htm" STYLE="-sec-extract: exhibit">July 15, 2019</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/69633/000110465920012587/tm207113d1_8k.htm">February 7, 2020</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/69633/000110465920022475/tm209273d1_8k.htm" STYLE="-sec-extract: exhibit">February 18, 2020</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/69633/000110465920039295/tm2013884d1_8k.htm" STYLE="-sec-extract: exhibit">March 27, 2020</A>,
<A HREF="https://www.sec.gov/Archives/edgar/data/69633/000110465920065920/tm2020949d1_8k.htm" STYLE="-sec-extract: exhibit">May 26, 2020</A> and <A HREF="https://www.sec.gov/Archives/edgar/data/69633/000110465920090239/tm2026546d1_8k.htm" STYLE="-sec-extract: exhibit">August 4, 2020</A>; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">&bull;</TD><TD>the information specifically incorporated by reference into our annual report on Form 10-K for the year ended June 30, 2019
from our Definitive Proxy Statement on Schedule 14A filed with the SEC on <A HREF="https://www.sec.gov/Archives/edgar/data/69633/000110465920035656/tm2013117d1_def14a.htm" STYLE="-sec-extract: exhibit">March 19, 2020</A>, as amended and supplemented by a revised
Definitive Proxy Statement on Schedule 14A filed with the SEC on <A HREF="https://www.sec.gov/Archives/edgar/data/69633/000110465920045875/tm2015738d1_defr14a.htm" STYLE="-sec-extract: exhibit">April 13, 2020</A>.</TD></TR></TABLE>

<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"></P>

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

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">You may obtain any of the documents incorporated by reference
in this prospectus from the SEC through the SEC's website at the address provided above. You may also request and we will provide,
free of charge, a copy of any document incorporated by reference in this prospectus (excluding exhibits to such document unless
an exhibit is specifically incorporated by reference in the document) by visiting our internet website at http://www.napcosecurity.com
or by writing or calling us at the following address and telephone number: NAPCO Security Technologies, Inc., Chief Financial
Officer, 333 Bayview Avenue, Amityville, New York 11701, telephone number (631) 842-9400.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt; text-align: center"><B>&nbsp;</B></P>




<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="b4"></A>PROSPECTUS SUMMARY</P>

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

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>This summary highlights information contained elsewhere in
this prospectus and does not contain all of the information that you should consider in making your investment decision. Before
investing in our common stock, you should read this entire prospectus carefully, including the sections entitled &ldquo;Risk Factors&rdquo;
and &ldquo;Management&rsquo;s Discussion and Analysis of Financial Condition and Results of Operations&rdquo; and our consolidated
financial statements and related notes.</I></P>

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

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>As used in this prospectus, unless the context otherwise
requires, references to the &ldquo;Company,&rdquo; &ldquo;NAPCO,&rdquo; &ldquo;we,&rdquo; &ldquo;us&rdquo; and &ldquo;our&rdquo;
refer to NAPCO Security Technologies, Inc. and, where appropriate, its subsidiaries</I></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">NAPCO is one of the leading manufacturers
and designers of high-tech electronic security devices, as well as a leading provider of school safety solutions. We offer a diversified
array of security products, encompassing access control systems, door-locking products, intrusion and fire alarm systems and video
surveillance products. These products are used for commercial, residential, institutional, industrial and governmental applications,
and are sold worldwide principally to independent distributors, dealers and installers of security equipment. We have experienced
significant growth in recent years, primarily driven by fast growing recurring service revenues generated from wireless communication
services for intrusion and fire alarm systems, as well as our school security products that are designed to meet the increasing
needs to enhance school security as a result of on-campus shooting and violence in the U.S..</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Since 1969, NAPCO has established a heritage
and proven record in the professional security community for reliably delivering both advanced technology and high quality security
solutions, building many of the industry&rsquo;s best-known brands, such as NAPCO Security Systems, Alarm Lock, Continental Access,
Marks USA, and other popular product lines: including Gemini and F64-Series hardwire/wireless intrusion systems and iSee Video
internet video solutions. We are also dedicated to developing innovative technology and producing the next generation of reliable
security solutions that utilize remote communications and wireless networks, including our StarLink, iBridge, and more recently
the iSecure product lines. Today, millions of businesses, institutions, homes, and people around the globe are protected by products
from the NAPCO Group of Companies.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Our net sales were $87.4 million, $91.7 million, and $102.9
million for the fiscal years ended June 30, 2017, 2018, and 2019, respectively, and our net sales were $73.3 million and $78.3
million for the nine months ended March 31, 2019 and 2020, respectively.&nbsp; The increases of our net sales during these periods
were driven primarily by increased shipment of our products in the recurring revenue business. Our net income was&nbsp; $5.6 million,
$7.6 million, and $12.2 million for the fiscal years ended June 30, 2017, 2018, and 2019, respectively, and our net income was
$7.5 million and $10.4 million for nine months ended March 31, 2019 and 2020, respectively. The increase of net income during this
period was due primarily to the growth of our recurring revenue business and implementation of cost-reduction measures.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company&rsquo;s products and services
are comprised of the following:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #2C2C2C"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Alarm Lock standalone and networked digital door locks</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; color: #2C2C2C">&middot;</FONT></TD><TD STYLE="text-align: justify">Marks USA standard and custom Locksets, Panic Devices and Door Closers</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #2C2C2C"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">NAPCO Gemini intrusion alarm equipment</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #2C2C2C"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">NAPCO StarLink and FireLink cellular communication devices and services</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #2C2C2C"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">NAPCO iSecure integrated cellular intrusion alarm systems</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #2C2C2C"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Continental Access door controllers and hosted services for access control</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Door Security Products</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">The Company manufactures a variety of
door locking devices including microprocessor-based electronic door locks with push button, card reader and bio-metric
operation, door alarms, mechanical door locks and simple dead bolt locks. These devices may control a single door or, in the
case of some of the Company&rsquo;s microprocessor-based door locks, may be networked with the Company&rsquo;s access control
systems and controlled remotely.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Intrusion and Fire Alarm Systems</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Alarm systems usually consist of various
detectors, a control panel, a digital keypad and signaling equipment. When a break-in occurs, an intrusion detector senses the
intrusion and activates a control panel via hard-wired or wireless transmission that sets off the signaling equipment and, in most
cases, causes a bell or siren to sound. Communication equipment such as a cellular or digital communicator may be used to transmit
the alarm signal to a central station or another person selected by a customer. Cellular communicators have become more popular
and panels and communicators are trending towards integration so that many alarm panels will contain an integrated cellular communication
device.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company manufactures and markets the
following products for these alarm systems:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: left"><I>Automatic Communicators. </I>When a control panel is activated by a signal from an intrusion
detector, it activates a communicator that can automatically dial one or more pre-designated telephone numbers utilizing wired
(&ldquo;landline&rdquo;) or cellular communications systems. If programmed to do so, a digital communicator dials the telephone
number of a central monitoring station and communicates in computer language to a digital communicator receiver, which signals
an alarm message.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: left"><I>Cellular communication devices. </I>A cellular communication device connects to the communicator
and is used in lieu of, or in addition to, a landline for communicating with a central monitoring station.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: left"><I>Control Panels. </I>A control panel is the &quot;brain&quot; of an alarm system. When activated
by any one of the various types of intrusion detectors, it can activate an audible alarm and/or various types of communication
devices.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: left"><I>Combination Control Panels/Digital Communicators and Digital Keypad Systems. </I>A combination
control panel, digital communicator and a digital keypad has continued to be the leading configuration in terms of dealer and consumer
preference. Benefits of the combination format include the cost efficiency resulting from a single microcomputer function, as well
as the reliability and ease of installation gained from the simplicity and sophistication of micro-computer technology.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: left"><I>Fire Alarm Control Panel. </I>Multi-zone fire alarm control panels, which accommodate an optional
digital communicator for reporting to a central station, are also manufactured by the Company.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: left"><I>Area Detectors. </I>The Company's area detectors are both passive infrared heat detectors and
combination microwave/passive infrared detectors that are linked to alarm control panels. Passive infrared heat detectors respond
to the change in heat patterns caused by an intruder moving within a protected area. Combination units respond to both changes
in heat patterns and changes in microwave patterns occurring at the same time.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Cellular communication services</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">The Company provides cellular access for
the cellular communication devices described above. These services are provided and invoiced on a month to month basis. Revenues
from services have grown significantly over the past several years, increasing 119% from fiscal 2017 to fiscal 2019. These revenues,
which currently have a gross margin of approximately 81% as of March 31, 2020, represent approximately 22% of our total revenue
as of March 31, 2020. The Company&rsquo;s long-term goal is to have recurring revenues from services to represent at least 50%
of total revenue.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Access Control Systems</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Access control systems consist of one
or more of the following: various types of identification readers (e.g. card readers, hand scanners), a control panel, a
PC-based computer and electronically activated door-locking devices. When an identification card or other identifying
information is entered into the reader, the information is transmitted to the control panel/PC which then validates the data
and determines whether or not to grant access by electronically deactivating the door locking device. An electronic log is
kept which records various types of data regarding access activity.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Video Surveillance Systems</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left">Video surveillance systems typically consist
of one or more video cameras, a control panel and a video monitor or PC. More advanced systems can also include a recording device
and some type of remote communication device such as an internet connection to a PC or browser-enabled cell phone. The system allows
the user to monitor various locations at once while recorders save the video images for future use. Remote communication devices
can allow the user to view and control the system from a remote location. The Company designs, engineers, and markets the software
and control panels discussed above. It also buys and resells various video cameras, PC-based computers and peripheral equipment
for video surveillance systems.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">The Company designs, engineers, manufactures
and markets the software and control panels discussed above. It also buys and resells various identification readers, PC-based
computers and various peripheral equipment for access control systems.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><U>Peripheral Equipment </U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">The Company also markets peripheral and
related equipment manufactured by other companies. Revenues from peripheral equipment have not been significant.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>Our Growth Drivers</B></P>

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

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white"><I>Recurring Revenue Business</I></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In 2012, we began to
generate recurring revenue by developing our ground-breaking cellular radio technology. Since then, we have continued to introduce
additional products generating recurring&nbsp;revenues, primarily in the cellular communication devices such as our StarLink,
iBridge, and more recently the iSecure product lines. These products are installed at the premises of end customers and we generate
revenue by not only upfront purchase of our products, but also monthly subscription fees for services we perform at our cloud-based
operations center to monitor security breaches and fire alarms. The monthly recurring revenue allows us to generate a more consistent
and predictable stream of income and mitigates the risk of fluctuation in market demand. In addition, these products tend to generate
higher gross margin, which has the effect of improving our profitability. We believe there is a significant market opportunity
for these products and services, because many commercial and residential customers prefer to purchase real-time security monitoring
services to ensure continuous protection and swift responses to security breaches and fire alarms. </P>

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

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">We also experienced accelerating
growth in our recurring revenue from sales of fire radio products. In the past few years, we introduced several Starlink fire radio
solutions, including a Starlink dual path radio that can utilize cellular or internet. Dual path radios are required in certain
areas such as New York City or L.A. County. A third fire radio was introduced approximately 18 months ago in the form of a Firelink
fire panel with a Starlink fire radio built into it. We received approximately $12 to $26 per month for each activated fire radio.
In general, the gross margin for fire radio products is higher than the other Starlink solutions. The sales of fire radio products
have contributed positively to our gross margin during the fiscal quarter ended March 31, 2020 and December 31, 2019. We expect
that fire radio products will continue to be an increasing portion of the overall mix of our recurring revenue and positively impact
our gross margin. </FONT></P>

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

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">We intend to continue
pursuing recurring revenue opportunities by developing new and innovative products and implementing aggressive and effective sales
and marketing effort. As of March 31, 2020, our recurring revenue constituted approximately 22% of our total revenue, and our strategy
is to increase the percentage of our recurring revenue versus total revenue in the foreseeable future. </FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>School&nbsp;Security&nbsp;and Public&nbsp;Safety</I></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">The recent growth of our business is partly driven by the significant
need for increased security in schools&nbsp;and other public spaces. In the U.S., there are over 100,000 K-12 schools, over 10,000
colleges and universities and over 350,000 houses of worship. Less than 10% of these institutions have adequate protection from
an active shooter or intruder. As a result of increased &ldquo;active shooter&rdquo; incidents, a number of U.S. states and local
governments have substantially&nbsp;increased school security budgets. Many colleges and universities have large endowments which
are starting to be utilized to address this critical issue. Security equipment and services focused on education has reached over
$3 Billion in revenues and this segment is still in the early stages as many K-12 schools, colleges and universities have still
not addressed this issue.&nbsp;</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">With a full suite of products and solutions, we believe we are well positioned to meet the security needs of schools, houses of
worship, and other places&nbsp;where&nbsp;people congregate. Depending on the needs of the school and their budget, the Company
offers (i) Standalone LocDown locks which can be operated by a teacher, (ii) a series of Networx standalone wireless locks which
communicate with central controls, or (iii) enterprise-class access control with cellular connectivity, which allows the head of
security to lock down all or part of the campus, including dorm rooms, classrooms and administrative offices, from a centralized
office.&nbsp;</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">The Company has had several significant wins in school security
contracts, including the Houston Independent School District, which is the largest school district in Texas and the seventh largest
in the U.S.. On this project the Company implemented its Enterprise-wide security solution via its Continental Access control with
intrusion, video and alarm communicators. Another example is Pepperdine University in Malibu, California, where the Company provided
a lockdown system in place for its over 1,700 dorm rooms that required both locking and access control technologies. We were chosen
because we were the only security company that has both locking and access control technologies that work on the same platform
and met the needs of the university.</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; text-align: justify"><B>Competitive Strengths</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">The security products industry is highly
competitive. The Company's primary competitors are comprised of approximately 12 other companies that manufacture and market security
equipment to distributors, dealers, central stations and original equipment manufacturers. The Company believes that not one of
these competitors is dominant in the industry. Most of these companies have substantially greater financial and other resources
than the Company. However, unlike the Company, we believe that none of these competitors manufactures all key building security
verticals: Intrusion Alarms and Access Control, Connectivity, and Locking devices. As more and more security installations include
multiple verticals, the various systems need to communicate with each other. By having everything manufactured under one roof,
we can offer customers one integrated platform solution without the risk of incompatible equipment from multiple vendors to &ldquo;talk&rdquo;
to each other. Furthermore, many of our distributors, customers, and dealers prefer a single source of supply with more consistency
in quality, pricing and timely shipment of products. In addition, we believe our competitors will face substantial challenges and
barriers to duplicate or establish a similar integrated offerings for all of these key markets.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">We also have a manufacturing facility located
in the Dominican Republic (&ldquo;D.R.&rdquo;) that manufactures over 90% of our products. It is located in a free zone which is
a tax-advantaged location. The Company also benefits from the lower tariffs available to it under The Dominican Republic-Central
America FTA (CAFTA-DR). The D.R. manufacturing operation is vertically integrated and operates in a low-cost location, where the
typical labor cost is approximately one-tenth (1/10) of the cost for similar services in the U.S. The D.R. facility allows us to
maintain a lower manufacturing overhead and improve our gross margin. This facility is currently running one shift, plus a second
shift on select products with the ability to run 3 full shifts. Additional staffing is readily available for future expansion.
The approximate annual revenue that can be generated per shift is approximately $100 million. The building is a self-contained
&ldquo;concrete bunker&rdquo; with ability to withstand Category 5 hurricanes. Both locations contain enough land to build additional
space; 180,000 square feet of additional manufacturing space in the D.R., and approximately 100,000 square feet of office and warehousing
space in Amityville, should the need arise. The Company has multiple transportation options between the D.R. and Amityville facilities.
Shipping times from the D.R. to the Amityville facility are typically 6-8 days.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">We perform our managerial and
administrative activities in the U.S. in our facility located in Amityville, New York, which is 100,000 square feet and
serves as Company&rsquo;s headquarters, containing its corporate offices, research and development, design, sales
administration, technical services, finance, procurement, manufacturing control, warehousing, and shipping operations. We
believe that our ability to provide timely and effective technical support and services to our U.S. customers from our U.S.
facility in Amityville is an advantage over other companies in the security industry that have moved customer service
functions overseas to countries such as India and Philippines. Our dealers and customers rely substantially on the ability to
communicate real-time to experts who can provide clear and understandable advice and instruction, because they are usually
dealing with highly technical problems on a job site with little time to spare.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">The Company competes primarily on the basis
of the features, quality, reliability and pricing of, and the incorporation of the latest innovative and technological advances
into, its products. The Company also competes by offering technical support services to its customers. In addition, the Company
competes on the basis of its expertise, its proven products, its reputation and its ability to provide products to customers on
a timely basis. The inability of the Company to compete with respect to any one or more of the aforementioned factors could have
an adverse impact on the Company's business.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="background-color: white"><B>Our
Strategy</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="background-color: white">Due
to paradigm changes in the security marketplace, the Company&rsquo;s focus has been on mandatory (non-elective) systems, such as
fire systems with central station monitoring in commercial buildings, and iOT-driven connectivity services in high growth and margin
categories. As copper land lines are phased out and more people switch to cellular phone service for their homes, our cellular
communication services become increasingly attractive in these installations, both new and existing. We have built a strong competitive
position by developing a wide range of software capabilities from&nbsp;embedded micro-coding to enterprise system software,&nbsp;database
design, mobile applications development, user portal design, mechanical and electronic&nbsp;mechanisms and telecommunications,
featuring our significant radio and&nbsp;cellular communications expertise. This has enabled us to create recurring revenue opportunities&nbsp;across
product lines, and we intend to expand such opportunities to generate recurring revenue that account for over 50% of our total
revenue and to sustain profitability from recurring accounts receivable margins of 80%. We are also focusing on security solutions
for the healthcare industry, including anti-ligature lockets designed for life safety and liability reduction in hospitals, behavior
health institutions and correctional facilities, and such products are highly profitable while complying with applicable regulatory
and health standards. We believe that these accomplishments are possible due to our advanced set of in-house engineering&nbsp;technology
capability from&nbsp;mechanical to electronic and electro-mechanical products, digital, microprocessor and analog circuit design,
networking products, and wireless and&nbsp;cellular communications electronics.&nbsp;</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">The success of the Company&rsquo;s business
depends substantially on its ability to develop new and proprietary technology and products. The research and development (&ldquo;R&amp;D&rdquo;)
costs incurred by the Company are charged to expense as incurred and are included in &quot;Operating expenses&quot; in the consolidated
statements of operations. During the fiscal years ended June 30, 2019 and 2018, and the nine months ended March 31, 2020, the Company
expended approximately $7,212,000, $6,630,000, and $5,387,000, respectively, on research and development activities conducted primarily
by its engineering department to develop and improve the products. The Company intends to continue to conduct a significant portion
of its future research and development activities internally.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">The Company's staff of approximately
63 sales and marketing support employees located at the Company's Amityville offices sells and markets the products primarily
to independent distributors and wholesalers of security alarm and security hardware equipment. Management estimates that
these channels of distribution represented approximately 57%, 54% and 60% of the Company's total sales for the fiscal years
ended June 30, 2019 and 2018, and for the nine months ended March 31, 2020, respectively. The remaining revenues are
primarily from installers and governmental institutions. The <FONT STYLE="color: #201F1E; background-color: white">Company
currently has approximately 12,000 customers made up of distributors, installing dealers and wholesalers who purchase our
products from distributors or directly from the Company.&nbsp;</FONT>The Company's sales representatives periodically contact
existing and potential customers to introduce new products and create demand for those as well as other Company products.
These sales representatives, together with the Company's technical personnel, provide training and other services to
wholesalers and distributors so that they can better service the needs of their customers. In addition to direct sales
efforts, the Company advertises in technical trade publications and participates in trade shows in major United States and
European cities.</P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">The Company's fiscal year begins on July
1 and ends on June 30. Historically, the end users of the Company&rsquo;s products want to install its products prior to the summer;
therefore sales of its products historically peak in the period April 1 through June 30, the Company's fiscal fourth quarter, and
are reduced in the period July 1 through September 30, the Company's fiscal first quarter. In addition, demand for our products
is affected by the housing and construction markets. Deterioration of the current economic conditions may also affect this trend.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>Raw Materials</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">The Company prepares specifications for
component parts used in the products and purchases the components from outside sources or fabricates the components itself. These
components, if standard, are generally readily available; if specially designed for the Company, there is usually more than one
alternative source of supply available to the Company on a competitive basis. The Company generally maintains inventories of all
critical components. A majority of purchased components are sourced from U.S. and Asian suppliers and are typically shipped directly
to the D.R. The Company for the most part is not dependent on any one source for its raw materials. The Company believes that any
vendor that is currently the sole source of a component can be replaced without a material impact on the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>Corporate Information and History</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="background-color: white">The
Company was founded in 1969 and </FONT>incorporated as NAPCO in December 1971 in the State of Delaware. <FONT STYLE="background-color: white">NAPCO
went public on NASDAQ with the ticker symbol &ldquo;NSSC&rdquo;, in 1972.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="background-color: white">In
1987, the&nbsp;Company acquired a locking company, Alarm Lock Systems, the first of its three acquisitions. In 1990, the Company
began the process of moving most of its manufacturing operations offshore.&nbsp;After studying various options, the D.R. was chosen
as it is relatively close to our headquarters (three and half hours by plane), is in the same time zone, has a relatively stable
political and economic situation and is a low cost manufacturing environment. In 1995, the Company built a state-of-the-art 180,000
square foot&nbsp;facility in the D.R., and we continued to improve and upgrade the facility&rsquo;s manufacturing capability by
utilizing and acquiring the latest technology and equipment. In 2000, the Company made another acquisition,&nbsp;acquiring an access
control company, Continental Instruments. In 2008, the Company acquired another locking company,&nbsp;Marks USA.&nbsp;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Our executive offices are located at 333
Bayview Ave, Amityville NY 11701. Our telephone number is (631) 842-9400.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Website Access to Company Reports</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Copies of our filings under the Securities
Exchange Act of 1934 (including annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and all
amendments to these reports) are available free of charge on our website (<U>www.napcosecurity.com</U>) on the same day they are
electronically filed with the Securities and Exchange Commission. The Company has one class of Common Stock which trades on the
NASDAQ Global Market under the symbol &ldquo;NSSC&rdquo;.</P>

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




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt; text-align: center"><B>The Offering </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt; width: 48%">Common stock offered by the selling stockholder</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt; width: 3%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; width: 49%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2,568,032 shares. The shares are offered and sold by the selling
        stockholder identified in this prospectus. See &ldquo;Selling Stockholder&rdquo; on page 21 of this prospectus.</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">We will not be selling any shares of common stock in this offering,
        therefore the offering will not result in any dilution of equity ownership to existing stockholders. In addition, we believe that
        sales of shares by the selling stockholder will have the effect of increasing the public float of the Company&rsquo;s common stock,
        which may have a positive impact on trading volume and liquidity of our shares in the public market.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Total number of shares outstanding prior to the offering</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">18,347,351 shares</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">Use of proceeds</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">We will not receive any proceeds from the sale of shares in this offering. </TD></TR>
<TR>
    <TD STYLE="padding: 0.25pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0.25pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">NASDAQ Symbol</TD>
    <TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">&ldquo;NSSC&rdquo;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1pt"><FONT STYLE="font-size: 10pt"><BR STYLE="clear: both">
</FONT><BR STYLE="clear: both">
</P>

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

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="c1"></A>RISK FACTORS</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Investing in our common stock involves a high degree of risk.
You should carefully consider the risks and uncertainties described in this prospectus, including the risk factors set forth in
the documents and reports filed with the Securities and Exchange Commission, or the SEC, that are incorporated by reference herein,
such as the risk factors under the heading &ldquo;Risk Factors&rdquo; in our most recent Annual Report on Form 10-K on file with
the SEC, which are incorporated by reference in this prospectus, before purchasing our common stock. If any of these risks actually
occurs, our business, financial condition or results of operations would likely suffer, possibly materially. In that case, the
trading price of our common stock could fall, and you may lose all or part of the money you paid to buy our common stock.</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"><B><I>Our business operation and financial performance are adversely
affected by the COVID-19 pandemic and related events.</I></B></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">We are subject to risks related to the global pandemic associated
with the COVID-19 disease, which has spread globally to the U.S. and other countries where we have operations, including the Dominican
Republic. Numerous federal and state governmental jurisdictions have imposed &ldquo;stay-at-home&rdquo; orders, quarantines, travel
bans and similar governmental orders and restrictions to control the spread of COVID-19. Such orders or restrictions have resulted
in business closures, work stoppages, slowdowns and delays in commercial activities, unprecedented and widespread unemployment,
disruptions to ports and other shipping infrastructure, border closures, and other travel or health-related restrictions, thereby
negatively impacting our customers, suppliers, distributors, employees, offices, and the industry in which we operate.</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">As a result of the COVID-19 pandemic and the related economic
downturn, we have experienced a decline in the demand for our products, as our distributors and customers reduced orders and adjusted
their inventory channel in response to slowdown in spending and demand for security products. A prolonged stay-at-home order, or
any other continued decrease in economic activity as a result of COVID-19 pandemic, would have a negative adverse impact on our
customers and their financial condition, which could impact their ability to meet their financial obligations and could result
in elevated levels of delinquencies and bad debt losses. In addition, we rely upon our third-party vendors to provide parts and
materials for us to produce our products. If any of these vendors are unable to continue to provide us with these parts and materials,
it could negatively impact our ability to serve our customers. We also could be adversely affected if key personnel or a significant
number of employees were to become unavailable due to the effects and restrictions of COVID-19 pandemic in areas where we operate.</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">We manufacture substantially all of products in our factory
in Dominican Republic, which are then shipped to us in the United States for further distribution. The government authorities in
Dominican Republic have imposed curfews and restrictions as a result of the pandemic that impacted activities at the factory, which
may reduce our productivity and output. Additional restrictions and limitation on international travel and transportation, including
air travel, may make it more difficult for us to ship and transport products from Dominican Republic to the U.S., which may cause
delays and disruptions in our supply chain.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Moreover, if we determine that intangible assets are not realizable
as a result of the COVID-19 pandemic, we may be required to write down these assets or incur impairment charge under current accounting
standards, which would have a negative effect on our consolidated financial statements. The continuing adverse economic conditions
in the U.S. due to the pandemic have and may continue to reduce revenues associated with our intangible assets, including assets
acquired in our prior acquisitions, and result in a reduction of future expected cash flows. Such a reduction could result in significant
impairment charges to adjust the carrying value of the intangible assets.</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">The impact of the COVID-19 pandemic remains highly uncertain
and subject to change. We cannot predict when the pandemic will end and when related governmental orders and restrictions will
be eased or lifted, and any extension or prolonged implementation of these restrictions will further adversely affect our business,
customers and financial results. Even after such orders and restrictions are eased or lifted, the severe economic harm and recession
inflicted upon the jurisdictions and areas in which we operate may last for an extended period of time and continue to adversely
affect our business and financial performance, and there is no guarantee that we will be able to act quickly and effectively to
return to our normal operations.</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"></P>

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<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"><B><I>Our business could be materially adversely affected as
a result of general economic and market conditions. </I></B></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">We are subject to the effects of general economic and market
conditions. In the event that the any of these conditions deteriorate, our revenue, profit and cash-flow levels could be materially
adversely affected in future periods. In the event of such deterioration, many of our current or potential future customers may
experience serious cash flow problems and as a result may, modify, delay or cancel purchases of our products. Additionally, customers
may not be able to pay, or may delay payment of, accounts receivable that are owed to us. If such events do occur, they may result
in our expenses being too high in relation to our revenues and cash flows.</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">During weak economic times, the available pool of independent
distributors, dealers and installers of security equipment may decline as the prospects for home building and home renovation projects
diminish, which may have a corresponding impact on our growth prospects. In addition, there is an increased risk during these periods
that an increased percentage of independent distributors, dealers and installers of security equipment will file for bankruptcy
protection, which may harm our reputation, revenue, profitability and results of operations.</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"><B><I>The markets we serve are highly competitive and we may
be unable to compete effectively.</I></B></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">We compete with approximately 12 other companies that manufacture
and market security equipment to distributors, dealers, control stations and original equipment manufacturers in the U.S. Most
of these companies may have substantially greater financial and other resources than the Company. The Company competes primarily
on the basis of the features, quality, reliability and pricing of, and the incorporation of the latest innovative and technological
advances into its products, as well as technical support services to its customers. The Company competes on the basis of its expertise,
its proven products, its reputation and its ability to provide products to customers on a timely basis. The inability of the Company
to compete with respect to any one or more of the aforementioned factors could have an adverse impact on the Company's business.</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">Our business may also be materially adversely affected by the
announcement or introduction of new products and services by our competitors, and the implementation of effective marketing or
sales strategies by our competitors. Our industry is characterized by constantly improved products. There can be no assurance that
competitors will not develop products that are superior to the Company's products. We have historically invested approximately
6% to 8% of annual revenues on R&amp;D to mitigate this risk. However, many of our competitors have dedicated more resources and
capabilities to R&amp;D, including committing more engineers and capital expenditures, to develop and design new product that may
enter the markets sooner or with more penetration. Future success will depend, in part, on our ability to continue to develop and
market products and product enhancements cost-effectively. The Company's research and development expenditures are principally
targeted at enhancing existing products, and to a lesser extent at developing new ones. Further, there can be no assurance that
the Company will not experience additional price competition, and that such competition may not adversely affect the Company's
revenues and results of operations</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"><B><I>We may not be able to maintain or control our expenses
proportionate to our sales volumes to generate profit for our business. </I></B></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">Certain of our expenses are fixed or semi-variable, including
our costs for operating our manufacturing facilities. While expense levels relative to current sales levels result in positive
net income and cash flows, if sales levels decrease significantly and we are unable to reduce expenses proportionately, our business
may be adversely affected. The amount of our operating expenses are subject to variables and factors that may not be within our
control, including but are not limited to, unexpected expenses relating to the manufacturing of products; increased compensation
requirement for our employees and cost of raw materials. A significant portion of our expense is labor cost, including costs for
workers who are operating our facility in the Dominican Republic. While we have been able to control our expenses due to the lower
labor costs in the Dominican Republic, there is no guarantee that such costs will not increase in the future, or that sufficient
number of workers in Dominican Republic will be available to operate the facility efficiently, and our failure to maintain effective
labor costs may adversely affect our results of operations.</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"></P>

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<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"><B><I>Our business could be adversely affected as a result of
housing and commercial building market conditions.</I></B></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">We are subject to the effects of housing and commercial building
market conditions. The sales of our security products tend to increase during period in which new housing and commercial real estate
constructions are increasing. If these conditions deteriorate, resulting in declines in new housing or commercial building constructions,
existing home or commercial building sales or renovations, our business, results of operations or financial condition could be
materially adversely affected, particularly in our intrusion and door locking product lines. The condition of the residential and
commercial building markets in which we operate is cyclical and depends on the condition of the economy in the United States, and
on the perceptions of investors of the overall economic outlook. Rising interest rates, declining employment levels, declining
demand for real estate, declining real estate values or periods of general economic slowdown or recession or the perception that
any of these events may occur have negatively impacted the real estate market in the past and may in the future negatively impact
our ability to sell products and generate new revenue sources.</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"><B><I>We may not be able to grow our recurring revenue business
to generate consistent revenue and profitability. </I></B></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">A significant driver of our growth is our recurring revenue
business in which customers who purchased our products and equipment are required to pay monthly fees for communications services
to maintain the operation of such products. Our recurring revenue products, such as StarLink, iSecure and iBridge, tend to generate
higher gross margin and are less susceptible to volatility of market demand and economic conditions. However, our revenue recurring
business is relatively new and we have limited experience in developing, marketing and selling such products. We also face intense
competition where other companies with greater resources and experience have established a wider and more entrenched customer base
for similar products and services, making it more difficult for us to penetrate into such market. In addition, we are required
to incur costs to maintain a network operations center to provide customer support and services, and to comply with federal and
state regulations governing the operation and communications of these products. Such costs may reduce our profitability if we are
not able to grow and expand the recurring revenue business. As we are increasingly dependent on recurring revenue products as a
driver for growth, our failure to execute our strategy for this business line will materially adversely affect our financial conditions
and prospects.</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"><B><I>We may not be able to sustain and continue the growth
of school security products.</I></B></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">We recently experienced significant growth of demand for our
security products from schools, universities and other educational institutions as a result of the national focus on prevention
of school violence. Federal and state governmental authorities have proposed and enacted numerous legislation and laws, including
the School Violence Prevention and Mitigation Act of 2019, that provide increased funding to public schools to implement and enhance
security systems. While our business has benefited from such additional federal and state funding and increased demand, there is
no guarantee that such funding and trend will continue. For example, if school shutdown continues as a result of the COVID-19 pandemic
and various stay-at-home orders imposed by state governments, there could be a reduced need for schools to acquire and implement
security systems, and state and federal government may also decide to reduce funding or impose additional criteria for funding.
These factors may result in a decline of demand for our school security products which in turn may adversely affect our financial
performance.</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"><B><I>We rely on distributors to sell our products and an adverse
change in our relationship with such distributors may adversely affect our financial performance.</I></B></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">We distribute our products primarily through independent distributors
and wholesalers of security alarm and security hardware equipment. Our distributors and wholesalers also sell our competitors'
products, and if they favor our competitors' products for any reason, they may fail or reduce their effort to market and sell our
products as effectively or to devote resources necessary to provide effective sales, which would adversely affect our financial
performance. In addition, our distributors order our products and maintain their inventory based on forecasts of potential demands
from dealers and end customers, and our distributors may not be able to forecast such demand accurately, which may adversely affect
our ability to generate sales and revenue in a timely manner. In some cases, distributors may delay ordering our products until
they receive confirmation of orders from dealers and end customers, and this delay may cause disruption and make it more difficult
for us to fill their order timely and effectively, which may adversely affect our revenue and sales.</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"></P>

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<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">The financial health of our distributors and wholesalers and
our continuing relationships with them are important to our success. Some of these distributors and wholesalers, particularly smaller
firms with limited working capital and resources, may not be able to withstand adverse changes in business conditions or mitigate
the negative impact of a prolonged economic downturn or recession, including the impact of the COVID-19 pandemic. The failure of
our distributors to maintain financial heath and success will impact our ability to generate revenues. Furthermore, our relationship
with distributors may change or terminate due to other factors beyond our control, including but are not limited to, acquisition
of distributors by third parties may not be willing to continue the relationship with us; internal restructuring or refocus of
business strategies; and changes in management, all of which may negatively impact our ability to continue to sell to such distributors.
Finally, we generally do not have long-term agreements with distributors who purchase our products primarily through purchase orders.
Without an agreement, we are not able to guarantee that such distributors will not discontinue or terminate relationship with us
at any time, and any loss of distributor will negatively impact our financial conditions and results of operations.</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"><B><I>We may not able to gain widespread or timely market acceptance
of our new products and continue to build and enhance our brand to achieve growth.</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We rely on introduction of new products and services to penetrate
new markets and identify additional sources of revenues order to grow our business. However, many of our distributors and customers
may not be willing to change or switch to new products and equipment, or may require an extended period time to assess, test and
evaluate functionalities and performance of our new products. Any delays in establishing widespread acceptance of our new products
may adversely affect our financial performance and growth. In order to ensure market acceptance of new products, we have incurred
and expect to incur significant expenses in sales and marketing campaign, and we may not be able to justify such costs if the effort
does not produce sufficient sales and customer accounts.</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"><FONT STYLE="background-color: white">We believe that building
and maintaining market awareness, brand recognition and goodwill of our business and products in a cost-effective manner is important
to our overall success in achieving widespread acceptance of our existing and future products and is an important element in attracting
new customers. An important part of our business strategy is to increase awareness of our brand and to provide marketing leadership,
services and support to our distributor and customer network. While we may choose to engage in a broader marketing campaign to
further promote our brand, this effort may not be successful. Our efforts in developing our brand may be hindered by the marketing
efforts of our competitors and our reliance on our third parties to promote our brand. If we are unable to cost-effectively maintain
and increase awareness of our brand, our business, financial condition, cash flows and results of operations could be harmed.</FONT></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"><B><I>Our financial results could be materially adversely affected
as a result of offering extended payment terms to customers or if we are not able to collect our accounts receivables on a timely
basis from major customers. </I></B></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">We regularly grant credit terms beyond 30 days to certain distributors
and customers primarily in an effort to keep a full line of our products in-stock at our customers&rsquo; locations. The longer
the terms that are granted, the more risk is inherent in the collection of those receivables. We cannot guarantee that distributors
and customers will be able to make payments on a timely basis even after a thorough review of their credit and financial history.
The ability of distributors and customers to make such payments may be subject to factors beyond our control, including their financial
conditions and business operation. We may also incur additional costs and effort to collect past due receivables without assurance
that a sufficient or any amount of bad debt can be collected.</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">In addition, we have one customer with an accounts receivable
balance that comprised 24% and 19% of our total accounts receivable at March 31, 2020 and June 30, 2019. Sales to this customer
comprised 12% and 14% of net sales in the three months ended March 31, 2020 and 2019, respectively. Sales to this customer comprised
11% and 12% of net sales in the nine months ended March 31, 2020 and 2019, respectively. If the customers fail to make payments
to us on a timely basis or decides to terminate our business relationship, our financial condition and results of operations may
be adversely affected.</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"></P>

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<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"><B><I>We sell security products and systems and if our solutions
fail for any reason, we could be subject to liability and our business could suffer.</I></B></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">We sell security products and services, which are designed to
secure the safety of our customer and their commercial, residential, institutional, industrial or governmental properties. Our
products and services may contain undetected defects in the software, infrastructure, third-party components or processes. If these
solutions fail for any reason, including due to defects in our hardware, software, a carrier outage or user error, we could be
subject to liability for such failures and our business could suffer. In addition, our products and systems are not installed by
us, and if third parties do not install or maintain our products correctly, our products and systems may not function properly.
If the improper installation or maintenance of our products and systems leads to service or equipment failures after introduction
of, or an upgrade to, our products and systems, we could experience harm to our branded reputation, claims by our customers or
installers or lost revenue during the period required to address the cause of the problem. Any defect in, or disruption to, our
products and systems could cause consumers not to purchase additional products or systems from us, prevent potential consumers
from purchasing our products and systems or harm our reputation.</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"><B><I>We are subject to risks relating to the operation of a
manufacturing facility in Dominican Republic.</I></B></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">We operate a manufacturing facility in Dominican Republic where
the majority of our products is made and shipped to our U.S. distributors. The facility requires us to incur certain fixed operating
costs that do not fluctuate with changes in production levels or utilization of our manufacturing capacity. If production levels
decline due to lower demand or reduced customer orders, our fixed costs are spread over reduced levels, which may contribute to
decreasing margins and reduced profitability. Operation of a manufacturing facility also subject us to certain additional risks,
including but are not limited to the following:</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 0pt 0.5in; text-indent: 0in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Unavailability of workers or insufficient workforce to operate the factory;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Compliance with local regulatory requirements, including labor laws and tax requirements;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Difficulties in communication and coordination with U.S. headquarters;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Natural disasters such as hurricanes which may damage our factory; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Effect of general political and economic conditions of the Dominican Republic.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The occurrence of any of these factors may adversely affect
the production output and operation of our factory, which will disrupt our supply chain and negatively impact our financial performance.
Furthermore, we have not identified any alternative third-party factory that can manufacture our products, therefore it would be
difficult for us to replace any loss of output of capacity if our factory in Dominican Republic is not functioning properly or
at all.</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"><B><I>Our business could be materially adversely affected by
a weakening of the U.S. dollar against the Dominican peso.</I></B></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">We are exposed to foreign currency risks due to our operations
in the Dominican Republic. We have significant operations in the Dominican Republic, which conducts certain transactions in Dominican
pesos. We are subject to the risk that currency exchange rates between the United States and the Dominican Republic will fluctuate
significantly, potentially resulting in an increase in some of our expenses when US dollars are transferred to Dominican pesos
to pay these expenses. For example, if the U.S. dollars weakens and the currency exchange rate is less favorable, it may be more
costly for us to pay expenses for our factory in the Dominican Republic, which may adversely affect our financial conditions and
results of operations.</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"><B><I>Our business could be materially adversely affected by
adverse tax consequences of offshore operations.</I></B></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">We operate on a global basis, with a portion of our operating
income generated outside the United States. We intend to reinvest these earnings in our foreign operations indefinitely, except
where we are able to repatriate these earnings to the United States without material incremental tax expense. A significant portion
of our assets that result from these earnings remain outside the United States. If these indefinitely reinvested earnings were
repatriated into the United States as dividends, we would be subject to additional withholding taxes.</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"></P>

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<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"><B><I>Our failure <FONT STYLE="background-color: white">to maintain
the security of our information and technology networks could adversely affect us.</FONT></I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">We are dependent on information
technology networks and systems, including the Internet, to process, transmit and store electronic information and, in the normal
course of our business, we collect and retain certain information pertaining to our distributors, customers, partners and employees,
including personal information. If security breaches in connection with the delivery of our solutions allow unauthorized third
parties to access any of this data or obtain control of our systems, our reputation, business, financial condition, cash flows
and results of operations could be harmed.</FONT></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"><FONT STYLE="background-color: white">The legal, regulatory
and cont</FONT>ractual environment surrounding information security, privacy and credit card fraud is constantly evolving and companies
that collect and retain such information are under increasing attack by cyber-criminals around the world. Further, as the regulatory
focus on privacy issues continues to increase and worldwide laws and regulations concerning the protection of data and personal
information expand and become more complex, these potential risks to our business will intensify. A significant actual or potential
theft, loss, fraudulent use or misuse of distributors, customers, employee or other personally identifiable data, whether by third
parties or as a result of employee malfeasance or otherwise, non-compliance with our contractual or other legal obligations regarding
such data or a violation of our privacy and security policies with respect to such data could result in loss of confidential information,
damage to our reputation, early termination of our business relationships, litigation, regulatory investigations or actions and
other liabilities or actions against us, including significant fines by U.S. federal and state authorities, and other countries
and private claims by companies and individuals for violation of data privacy and security regulations.</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">In addition, cyber-attacks from computer hackers and cyber criminals
and other malicious Internet-based activity continue to increase generally, and perpetrators of cyber-attacks may be able to develop
and deploy viruses, worms, ransomware, malware, DNS attacks, wireless network attacks, attacks on our cloud networks, phishing
attempts, social engineering attempts, distributed denial of service attacks and other advanced persistent threats or malicious
software programs that attack our products and services, our networks and network endpoints or otherwise exploit any security vulnerabilities
of our products, services and networks. Techniques used to obtain unauthorized access or to sabotage systems change frequently
and generally are not recognized until launched against a target. As a result, we may be unable to anticipate these techniques
or to implement adequate preventative measures. We cannot be certain that advances in cyber-capabilities or other developments
will not compromise or breach the technology protecting the networks that access our platforms and solutions, and we can make no
assurance that we will be able to detect, prevent, timely and adequately address or mitigate the negative effects of cyber-attacks
or other security breaches. If any one of these risks materializes, our business, financial condition, cash flows or results of
operations could be materially and adversely affected.</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"><B><I>We rely on the effort and service of Richard L. Soloway,
our founder, Chief Executive Officer and major stockholder. </I></B></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">The success of the Company is largely dependent on the effort
and service of Richard L. Soloway, who is our founder, President, Chief Executive Officer, Chairman of the Board and a major stockholder.
We depend on Mr. Soloway on various aspects of our business operation, including his experience and knowledge in the industry,
extensive relationships with distributors and customers, and his leadership to develop and implement business strategies. The loss
or reduction of services by Mr. Soloway could have a material adverse effect on the Company's business and prospects.</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"><B><I>Our business could be materially adversely affected as
a result of the inability to maintain adequate financing. </I></B></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">While our business is currently solely dependent on cash-flows
from operations to fund operations and capital expenditures we have an unused credit facility in the event that we need to supplement
current cash-flows with outside financing. The credit facility provides for certain financial covenants relating to ratios affected
by profit, asset and debt levels. If the Company&rsquo;s profits, asset or cash-flow levels decline below the minimums required
to meet these covenants and we require outside financing, the Company may be materially adversely affected. Effects on the Company
could include higher interest costs, reduction in borrowing availability or revocation of these credit facilities.</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"></P>

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<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"><B><I>We are obligated to develop and maintain a system of effective
internal controls over financial reporting. These internal controls may be determined to be not effective, which may adversely
affect investor confidence in our company and, as a result, the value of our common stock.</I></B></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">We have been and are required, pursuant to Section 404 of the
Sarbanes-Oxley Act, to furnish a report by management on, among other things, the effectiveness of our internal control over financial
reporting on an annual basis. This assessment includes disclosure of any material weaknesses identified by our management in our
internal control over financial reporting. During the evaluation and testing process, if we identify one or more material weaknesses
in our internal control over financial reporting, we will be unable to assert that our internal controls are effective and would
be required to disclose any material weaknesses identified in Management&rsquo;s Report on Internal Control over Financial Reporting.
While we have established certain procedures and control over our financial reporting processes, we cannot assure you that these
efforts will prevent restatements of our financial statements in the future.</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">Our independent registered public accounting firm is also required,
pursuant to Section 404 of the Sarbanes-Oxley Act, to report on the effectiveness of our internal control over financial reporting.
For future reporting periods, our independent registered public accounting firm may issue a report that is adverse in the event
it is not satisfied with the level at which our controls are documented, designed or operating. We may not be able to remediate
any future material weaknesses, or to complete our evaluation, testing and any required remediation in a timely fashion.</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">If we are unable to conclude that our internal control over
financial reporting is effective, or if our independent registered public accounting firm is unable to express an opinion that
our internal controls over financial reporting are effective, investors could lose confidence in the accuracy and completeness
of our financial reports, which could cause the price of our common stock to decline, and we could be subject to sanctions or investigations
by regulatory authorities, including the SEC and Nasdaq. Failure to remediate any material weakness in our internal control over
financial reporting, or to maintain other effective control systems required of public companies, could also restrict our future
access to the capital markets.</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"><B>Risks Related to Ownership of Our Common Stock </B></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"><B><I>Sales of a substantial number of shares of our common
stock in the public market could cause our market price to decline.</I></B></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">Sales of a substantial number of shares of our common stock
in the public market, or the perception that these sales might occur, could depress the market price of our common stock and could
impair our ability to raise capital through the sale of additional equity securities. We are unable to predict the effect that
sales, particularly sales by our directors, executive officers, and significant stockholders, may have on the prevailing market
price of our common stock. Additionally, the shares of common stock subject to outstanding options under our equity incentive plans
and the shares reserved for future issuance under our equity incentive plans, as well as shares issuable upon vesting of restricted
stock awards, will become eligible for sale in the public market in the future, subject to certain legal and contractual limitations.</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"><B><I>We currently do not have a Board of Directors consisted
of a majority of independent directors</I></B><I>. </I></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">As a result of the resignation of an independent director on
July 30, 2020, the Company currently has six members on the Board of Directors (the &ldquo;Board&rdquo;) and three of whom are
considered &ldquo;independent.&rdquo; Accordingly, the Company currently is not in compliance with NASDAQ&rsquo;S listing rules
requiring a majority of the Company&rsquo;s Board be independent. By a letter dated August 4, 2020, NASDAQ gave the Company until
the earlier of the Company&rsquo;s next annual meeting of shareholders or July 26, 2021; or if the next annual meeting of shareholders
is held before January 26, 2021, then January 26, 2021, to regain compliance with such listing requirement. The Company is in the
process of recruiting an independent director to join the Board. However, there is no guarantee that the Company will be able to
identify and appoint such independent director within the grace period granted by NASDAQ. Our failure to do so may require us to
seek an extension of the grace period and there is no assurance that NASDAQ will grant such extension or will refrain from initiating
a delisting proceeding.</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"></P>

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<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"><B><I>If securities or industry analysts do not publish research
or reports about our business, or publish negative reports about our business, our share price and trading volume could decline.</I></B></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">The trading market for our common stock depends, in part, on
the research and reports that securities or industry analysts publish about us or our business. We do not have any control over
these analysts. If our financial performance fails to meet analyst estimates or one or more of the analysts who cover us downgrade
our shares or change their opinion of our shares, our share price would likely decline. If one or more of these analysts cease
coverage of our company or fail to regularly publish reports on us, we could lose visibility in the financial markets, which could
cause our share price or trading volume to decline.</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"><B><I>We do not intend to pay dividends for the foreseeable
future and, as a result, your ability to achieve a return on your investment will depend on appreciation in the price of our common
stock.</I></B></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">We do not intend to pay any cash dividends in the foreseeable
future. We anticipate that we will retain all of our future earnings for use in the development of our business and for general
corporate purposes. Any determination to pay dividends in the future will be at the discretion of our board of directors and subject
to the restrictions on paying dividends in our Revolving Credit Facility which expires in June 2021 and any future indebtedness.
Accordingly, investors must rely on sales of their common stock after price appreciation, which may never occur, as the only way
to realize any future gains on their investments.</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"><B><I>Upon consummation of this offering, Mr. Soloway, members
of management and certain directors will continue to own a significant portion of our outstanding voting stock and exert significant
influence over our business and affairs.</I></B></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">Upon completion of this offering, Richard L. Soloway, our Chief
Executive Officer, members of management and our board of directors (&ldquo;Board&rdquo;) are expected to beneficially own approximately
21.92% of our common stock. Their significant ownership will, for the foreseeable future, enable them to control our management
and affairs, and most matters requiring stockholder approval, including the election of directors, financing activities, a merger
or sale of our assets and other significant corporate transactions. They may, in their discretion, elect to exercise these or similar
rights at any time. Furthermore, the Company has established a staggered Board where the election of only one class of directors
can be held at each annual meeting. This concentration of ownership, as well as a staggered or classified Board, could have the
effect of delaying or preventing a change in our control or otherwise discouraging a potential acquirer from attempting to obtain
control of us, which in turn could materially adversely affect our stock price and may prevent attempts by our stockholders to
replace or remove our Board or management.</P>

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

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="d_001"></A>USE OF PROCEEDS</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0">We will not receive any proceeds from the sale of the shares
offered pursuant to this prospectus. The selling stockholder will receive all of the proceeds from the sale of the shares of common
stock offered by this prospectus. For information about the selling stockholder, see &ldquo;Selling Stockholder.&rdquo; Accordingly,
we do not believe that the offering will cause any dilution to existing stockholders.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0">The selling stockholder will pay any underwriting discounts
and commissions and expenses incurred by the selling stockholder for brokerage, accounting, tax or legal services or any other
expenses incurred by the selling stockholder in disposing of the shares. We will bear all other costs, fees and expenses incurred
in effecting the registration of the shares covered by this prospectus, including all registration and filing fees and fees and
expenses of our counsel and accountants.</P>

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

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="d_002"></A>SELLING STOCKHOLDER</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The table below sets forth, to our knowledge, information concerning
the beneficial ownership of shares of our common stock by the selling stockholder as of July 28, 2020. The selling stockholder,
Mr. Richard L. Soloway, is our Chairman of the Board, President and Chief Executive Officer. Currently, the selling stockholder
beneficially owns approximately 34% of issued and outstanding shares of the Company, and assuming that the selling stockholder
sells all of the shares of common stock offered pursuant to this prospectus, the selling stockholder will continue to beneficially
own approximately 20% of issued and outstanding shares of the Company after the offering.</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">The information in the table below with respect to the selling
stockholder has been obtained from the selling stockholder. When we refer to the &ldquo;selling stockholder&rdquo; in this prospectus,
we mean the selling stockholder listed in the table below as offering shares.</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">Beneficial ownership is determined in accordance with the rules
of the SEC, and includes voting or investment power with respect to shares. Generally, a person &ldquo;beneficially owns&rdquo;
shares of our common stock if the person has or shares with others the right to vote those shares or to dispose of them, or if
the person has the right to acquire voting or disposition rights within 60 days. The percent of shares beneficially owned prior
to and after the offering is based on 18,347,351 shares of our common stock outstanding on July 28, 2020. Unless otherwise indicated
below, to our knowledge, the selling stockholder named in the table has sole voting and investment power with respect to the shares
of common stock beneficially owned by it. The inclusion of any shares in this table does not constitute an admission of beneficial
ownership for any selling stockholder named below.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 95%; font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="white-space: nowrap; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="white-space: nowrap; font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Shares of Common Stock<BR> Beneficially Owned Prior to<BR> Offering</TD><TD STYLE="white-space: nowrap; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Shares of<BR> Common Stock<BR> Being Offered</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="white-space: nowrap; font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="white-space: nowrap; font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Shares of Common Stock to<BR> be Beneficially Owned After<BR>
 Offering</TD><TD STYLE="white-space: nowrap; padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt"><B>Name of Selling Stockholder</B></TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Number</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Percentage <BR>
(1)</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Number___</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Number</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Percentage</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 35%; font: 10pt Times New Roman, Times, Serif; text-align: left; padding-left: 0.25pt">Richard L. Soloway <BR>c/o the Company <BR>333 Bayview Avenue <BR>Amityville, NY 11701</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 12%; font-size: 10pt; text-align: right; padding-left: 0.25pt">6,238,662 </TD><TD STYLE="white-space: nowrap; width: 1%; font-size: 10pt">(2)</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">34</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">%</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">2,568,032</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">3,670,630</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">20</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">%</TD></TR>
</TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">(1)</FONT></TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Based on 18,347,351 shares of our common stock outstanding on July 28, 2020. </FONT></TD></TR>
</TABLE>


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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; width: 4%"><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
    <TD STYLE="padding: 0.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">Includes 5,800 shares of common stock issuable upon exercise of stock options held by Mr. Soloway and excludes 37,681 shares of common stock beneficially owned by Donna Soloway, who is a director of the Company and wife of Mr. Soloway</FONT></TD></TR>
</TABLE>

<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"></P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="s_002"></A>DESCRIPTION OF CAPITAL STOCK</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following description of our capital stock is intended as
a summary only and therefore is not a complete description of our capital stock. This description is based upon, and is qualified
by reference to, our certificate of incorporation and our bylaws, each as amended from time to time, and by applicable provisions
of Delaware corporate law. You should read our certificate of incorporation and bylaws, which are filed as exhibits to the registration
statement of which this prospectus forms a part, for the provisions that are important to you.</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"><B>Common Stock </B></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">We are authorized to issue 40,000,000 shares of common stock,
$0.01 par value per share. As of July 28, 2020, there were 18,347,351 shares of common stock outstanding.</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"><I>Annual Meeting.</I> Annual meetings of our stockholders are
held on the date designated in accordance with our bylaws. Written notice must be mailed to each stockholder entitled to vote not
less than ten nor more than 50 days before the date of the meeting. The presence in person or by proxy of the holders of record
of a majority of our issued and outstanding shares entitled to vote at such meeting constitutes a quorum for the transaction of
business at meetings of the stockholders. Special meetings of the stockholders may be called for any purpose by the board of directors,
the chairman of the board or the president.</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"><I>Voting Rights.</I> For all matters submitted to a vote of
stockholders, each holder of common stock is entitled to one vote for each share held. Our common stock does not have cumulative
voting rights.</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"><I>Dividends</I>. If our board of directors declares a dividend,
holders of common stock will receive payments from our funds that are legally available to pay dividends.</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"><I>Liquidation, Dissolution or Winding-Up</I>. Upon our liquidation,
dissolution or winding-up, the holders of the common stock will be entitled to share ratably in our net assets legally available
for distribution to stockholders. The amount available for common stockholders is calculated after payment of all our debts and
liabilities.</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"><I>Other Rights and Restrictions</I>. Holders of our common
stock do not have preemptive rights, and they have no right to convert their common stock into any other securities. Our common
stock is not subject to redemption by us. There are no sinking fund provisions applicable to the common stock. Our certificate
of incorporation and bylaws do not restrict the ability of a holder of common stock to transfer his or her shares of common stock.</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"><I>Transfer Agent and Registrar</I>. Computershare Trust Company,
N.A. is transfer agent and registrar for the common stock.</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"><I>The Nasdaq Stock Market</I>. Our common stock is listed on
the NASDAQ Global Market under the symbol &ldquo;NSSC.&rdquo;</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"><B>Delaware Law and Specified Certificate of Incorporation and
Bylaw Provisions </B></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"><I>Classified Board</I>. Our certificate of incorporation and
bylaws provide for the division of our board of directors into three classes as nearly equal in size as possible with staggered
three-year terms. In addition, our certificate of incorporation and bylaws provide that directors may be removed, with or without
cause, at any time, by the affirmative vote of the holders of a majority of the issued and outstanding shares entitled to vote.
Under our certificate of incorporation and bylaws, any vacancy on the board of directors, however occurring, including a vacancy
resulting from an enlargement of the board, may only be filled by vote of a majority of the directors then in office. The classification
of the board of directors and the limitations on the filling of vacancies could have the effect of making it more difficult for
a third party to acquire, or of discouraging a third party from acquiring, control of us.</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"></P>

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<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"><I>Stockholder Action; Special Meeting of
Stockholders</I>. Our certificate of incorporation and bylaws provide that stockholders may take action only at a duly called
annual or special meeting of stockholders and may not take action by written consent. Our certificate of incorporation and
bylaws further provide that special meetings of our stockholders may be called only by a majority of the board of directors,
the chairman of the board or our president. In no event may our stockholders call a special meeting of stockholders.</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"><I>Advance Notice Requirements for Stockholder Proposals and
Director Nominations</I>. Our bylaws provide that stockholders seeking to bring business before an annual meeting of stockholders,
or to nominate candidates for election as directors at an annual meeting of stockholders, must meet specified procedural requirements.
These provisions may preclude stockholders from bringing matters before an annual meeting of stockholders or from making nominations
for directors at an annual or special meeting of stockholders.</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"><I>Supermajority Votes Required</I>. The Delaware General Corporation
Law provides generally that the affirmative vote of a majority of the shares entitled to vote on any matter is required to amend
a corporation&rsquo;s certificate of incorporation or bylaws, unless a corporation&rsquo;s certificate of incorporation or bylaws,
as the case may be, requires a greater percentage. Our bylaws require the affirmative vote of the holders of at least 80% of the
shares of our capital stock issued and outstanding and entitled to vote to amend or repeal any of the provisions described in the
prior three paragraphs.</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"><I>Business Combinations</I>. We are subject to Section 203
of the Delaware General Corporation Law. Subject to certain exceptions, Section 203 prevents a publicly held Delaware corporation
from engaging in a &ldquo;business combination&rdquo; with any &ldquo;interested stockholder&rdquo; for three years following the
date that such person became an interested stockholder, unless either the interested stockholder attained such status with the
approval of our board of directors, the business combination is approved by our board of directors and stockholders in a prescribed
manner or the interested stockholder acquired at least 85% of our outstanding voting stock in the transaction in which such person
became an interested stockholder. A &ldquo;business combination&rdquo; includes, among other things, a merger or consolidation
involving us and the &ldquo;interested stockholder&rdquo; and the sale of more than 10% of our assets. In general, an &ldquo;interested
stockholder&rdquo; is any entity or person beneficially owning 15% or more of our outstanding voting stock and any entity or person
affiliated with or controlling or controlled by such entity or 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"><I>Directors&rsquo; Liability</I>. Our certificate of incorporation
limits the personal liability of directors for breach of fiduciary duty to the maximum extent permitted by the Delaware General
Corporation Law and provides that no director will have personal liability to us or to our stockholders for monetary damages for
breach of fiduciary duty as a director. However, these provisions do not eliminate or limit the liability of any of our directors:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 1%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 2%; padding: 0.25pt; font-size: 10pt">&bull;</TD>
    <TD STYLE="vertical-align: top; width: 1%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">for any breach of the director&rsquo;s duty of loyalty to us or our stockholders </TD></TR>

<TR>
    <TD STYLE="width: 1%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 2%; padding: 0.25pt; font-size: 10pt">&bull;</TD>
    <TD STYLE="vertical-align: top; width: 1%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law; </TD></TR>

<TR>
    <TD STYLE="width: 1%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 2%; padding: 0.25pt; font-size: 10pt">&bull;</TD>
    <TD STYLE="vertical-align: top; width: 1%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">for voting or assenting to unlawful payments of dividends, stock repurchases or other distributions; or </TD></TR>

<TR>
    <TD STYLE="width: 1%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 2%; padding: 0.25pt; font-size: 10pt">&bull;</TD>
    <TD STYLE="vertical-align: top; width: 1%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">for any transaction from which the director derived an improper personal benefit. </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="s_003"></A>PLAN OF DISTRIBUTION</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The selling stockholder may sell the securities from time to
time pursuant to underwritten public offerings, &ldquo;at-the-market&rdquo; offerings, negotiated transactions, block trades or
a combination of these methods. Selling stockholders may sell the securities to or through one or more underwriters or dealers
(acting as principal or agent), through agents, or directly to one or more purchasers. Selling stockholders may distribute securities
from time to time in one or more transactions:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 4%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 3%; padding: 0.25pt; font-size: 10pt">&bull;</TD>
    <TD STYLE="vertical-align: top; width: 1%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">at a fixed price or prices, which may be changed; </TD></TR>

<TR>
    <TD STYLE="width: 4%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 3%; padding: 0.25pt; font-size: 10pt">&bull;</TD>
    <TD STYLE="vertical-align: top; width: 1%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">at market prices prevailing at the time of sale; </TD></TR>

<TR>
    <TD STYLE="width: 4%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 3%; padding: 0.25pt; font-size: 10pt">&bull;</TD>
    <TD STYLE="vertical-align: top; width: 1%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">at prices related to such prevailing market prices; or</TD></TR>

<TR>
    <TD STYLE="width: 4%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 3%; padding: 0.25pt; font-size: 10pt">&bull;</TD>
    <TD STYLE="vertical-align: top; width: 1%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">at negotiated prices. </TD></TR>
</TABLE>
<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">A prospectus supplement or supplements (and any related free
writing prospectus that we may authorize to be provided to you) will describe the terms of the offering of the securities, including,
to the extent applicable:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 4%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 3%; padding: 0.25pt; font-size: 10pt">&bull;</TD>
    <TD STYLE="vertical-align: top; width: 1%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">the name or names of the underwriters, dealers or agents, if any; </TD></TR>

<TR>
    <TD STYLE="width: 4%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 3%; padding: 0.25pt; font-size: 10pt">&bull;</TD>
    <TD STYLE="vertical-align: top; width: 1%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">the name or names of the selling stockholders, if any; </TD></TR>

<TR>
    <TD STYLE="width: 4%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 3%; padding: 0.25pt; font-size: 10pt">&bull;</TD>
    <TD STYLE="vertical-align: top; width: 1%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">the purchase price of the securities or other consideration therefor, and the proceeds, if any, we will receive from the sale; </TD></TR>

<TR>
    <TD STYLE="width: 4%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 3%; padding: 0.25pt; font-size: 10pt">&bull;</TD>
    <TD STYLE="vertical-align: top; width: 1%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">any over-allotment or other options under which underwriters may purchase additional securities from us or any selling stockholders; </TD></TR>

<TR>
    <TD STYLE="width: 4%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 3%; padding: 0.25pt; font-size: 10pt">&bull;</TD>
    <TD STYLE="vertical-align: top; width: 1%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">any agency fees or underwriting discounts and other items constituting agents&rsquo; or underwriters&rsquo; compensation; </TD></TR>

<TR>
    <TD STYLE="width: 4%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 3%; padding: 0.25pt; font-size: 10pt">&bull;</TD>
    <TD STYLE="vertical-align: top; width: 1%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">any public offering price; </TD></TR>

<TR>
    <TD STYLE="width: 4%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 3%; padding: 0.25pt; font-size: 10pt">&bull;</TD>
    <TD STYLE="vertical-align: top; width: 1%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">any discounts or concessions allowed or reallowed or paid to dealers; and; </TD></TR>

<TR>
    <TD STYLE="width: 4%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 3%; padding: 0.25pt; font-size: 10pt">&bull;</TD>
    <TD STYLE="vertical-align: top; width: 1%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">any securities exchange or market on which the securities may be listed.&nbsp;&nbsp;&nbsp;</TD></TR>
</TABLE>
<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">Only underwriters named in the prospectus supplement will be
underwriters of the securities offered by the prospectus supplement. Dealers and agents participating in the distribution of the
securities may be deemed to be underwriters, and compensation received by them on resale of the securities may be deemed to be
underwriting discounts. If such dealers or agents were deemed to be underwriters, they may be subject to statutory liabilities
under the Securities Act.</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">If underwriters are used in the sale, they will acquire the
securities for their own account and may resell the securities from time to time in one or more transactions at a fixed public
offering price or at varying prices determined at the time of sale. The obligations of the underwriters to purchase the securities
will be subject to the conditions set forth in the applicable underwriting agreement. Selling stockholders may offer the securities
to the public through underwriting syndicates represented by managing underwriters or by underwriters without a syndicate. Subject
to certain conditions, the underwriters will be obligated to purchase all of the securities offered by the prospectus supplement,
other than securities covered by any option to purchase additional securities. If a dealer is used in the sale of securities, we,
a selling stockholder, or an underwriter will sell the securities to the dealer, as principal. The dealer may then resell the securities
to the public at varying prices to be determined by the dealer at the time of resale. To the extent required, we will set forth
in the prospectus supplement the name of the dealer and the terms of the transaction. Any public offering price and any discounts
or concessions allowed or reallowed or paid to dealers may change from time to time.</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">The selling stockholder may use underwriters, dealers or agents
with whom we have a material relationship. We will describe in the prospectus supplement, naming the underwriter, dealer or agent,
the nature of any such relationship.</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">The selling stockholder may sell securities directly or through
agents we designate from time to time. We will name any agent involved in the offering and sale of securities and we will describe
any commissions payable to the agent in the prospectus supplement. Unless the prospectus supplement states otherwise, the agent
will act on a best-efforts basis for the period of its appointment.</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"></P>

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<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">We may provide agents, underwriters and dealers with indemnification
against civil liabilities, including liabilities under the Securities Act, or contribution with respect to payments that the agents,
underwriters or dealers may make with respect to these liabilities. Agents, underwriters and dealers, or their affiliates, may
engage in transactions with, or perform services for, us in the ordinary course of business.</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">The selling stockholder may be deemed to be an underwriter under
the Securities Act in connection with the securities it resells and any profits on the sales may be deemed to be underwriting discounts
and commissions under the Securities Act. If the selling stockholder is deemed to be an &ldquo;underwriter&rdquo; within the meaning
of Section 2(a)(11) of the Securities Act, it will be subject to the prospectus delivery requirements of the Securities Act.</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">Any underwriters may make a market in these securities, but
will not be obligated to do so and may discontinue any market making at any time without notice. We cannot guarantee the liquidity
of the trading markets for any securities.</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">Any underwriter may engage in over-allotment, stabilizing transactions,
short-covering transactions and penalty bids in accordance with Regulation M under the Exchange Act. Over-allotment involves sales
in excess of the offering size, which create a short position. Stabilizing transactions permit bids to purchase the underlying
security so long as the stabilizing bids do not exceed a specified maximum price. Syndicate-covering or other short-covering transactions
involve purchases of the securities, either through exercise of the option to purchase additional securities or in the open market
after the distribution is completed, to cover short positions. Penalty bids permit the underwriters to reclaim a selling concession
from a dealer when the securities originally sold by the dealer are purchased in a stabilizing or covering transaction to cover
short positions. Those activities may cause the price of the securities to be higher than it would otherwise be. If commenced,
the underwriters may discontinue any of the activities at any time.</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">In compliance with guidelines of the Financial Industry Regulatory
Authority, or FINRA, the maximum consideration or discount to be received by any FINRA member or independent broker dealer may
not exceed 8% of the aggregate amount of the securities offered pursuant to this prospectus and the applicable prospectus supplement.</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"></P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="d_003"></A>LEGAL MATTERS</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The validity of the shares offered by this prospectus has been
passed upon by Morgan, Lewis &amp; Bockius LLP, Palo Alto, California.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="d_004"></A>EXPERTS</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Baker Tilly Virchow Krause, LLP, independent registered public
accounting firm, has audited our consolidated financial statements, including the consolidated balance sheets, the related consolidated
statements of income, stockholders&rsquo; equity, and cash flows and related notes included in our Annual Report on Form 10-K for
the two years ended June 30, 2019 and the effectiveness of our internal control over financial reporting as of June 30, 2019, as
set forth in their reports, which are incorporated by reference in this prospectus and elsewhere in the registration statement.
Our consolidated financial statements are incorporated by reference in reliance on Baker Tilly Virchow Krause, LLP&rsquo;s report,
given on their authority as experts in accounting and auditing.</P>

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INFORMATION NOT REQUIRED IN PROSPECTUS</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 14. Other Expenses of Issuance and Distribution. </B></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">The following table sets forth an estimate of the fees and expenses,
other than the underwriting discounts and commissions, payable by us in connection with the issuance and distribution of the securities
being registered. The selling stockholders will not bear any portion of such costs and expenses. All the amounts shown are estimates.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 75%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; font-size: 10pt; font-weight: bold; border-bottom: Black 1pt solid">Amount</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 87%; font-size: 10pt; text-align: left; text-indent: -10pt; padding-left: 10pt">SEC registration fee</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">8,433.27</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -10pt; padding-left: 10pt">Legal fees and expenses</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">*</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; text-indent: -10pt; padding-left: 10pt">Accounting fees and expenses</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">*</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left; text-indent: -10pt; padding-left: 10pt">Miscellaneous expenses</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">*</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left; text-indent: -10pt; padding-left: 10pt">Total expenses</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<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">* To be provided by amendment</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"><B>Item 15. Indemnification of Directors and Officers. </B></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">Section 102 of the Delaware General Corporation Law allows a
corporation to eliminate the personal liability of directors of a corporation to the corporation or its stockholders for monetary
damages for a breach of fiduciary duty as a director, except where the director breached his duty of loyalty, failed to act in
good faith, engaged in intentional misconduct or knowingly violated a law, authorized the payment of a dividend or approved a stock
repurchase in violation of Delaware corporate law or obtained an improper personal benefit.</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">Section 145 of the Delaware General Corporation Law provides
that a corporation has the power to indemnify a director, officer, employee or agent of the corporation and certain other persons
serving at the request of the corporation in related capacities against amounts paid and expenses incurred in connection with an
action or proceeding to which he is or is threatened to be made a party by reason of such position, if such person shall have acted
in good faith and in a manner he reasonably believed to be in, or not opposed to, the best interests of the corporation, and, in
any criminal proceeding, if such person had no reasonable cause to believe his conduct was unlawful; provided that, in the case
of actions brought by or in the right of the corporation, no indemnification shall be made with respect to any matter as to which
such person shall have been adjudged to be liable to the corporation unless and only to the extent that the adjudicating court
determines that such indemnification is proper under the circumstances.</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">As permitted by the Delaware General Corporation Law, our certificate
of incorporation and bylaws provide that: (1) we are required to indemnify our directors to the fullest extent permitted by the
Delaware General Corporation Law; (2) we may, in our discretion, indemnify our officers, employees and agents as set forth in the
Delaware General Corporation Law; (3) we are required, upon satisfaction of certain conditions, to advance all expenses incurred
by our directors in connection with certain legal proceedings; (4) the rights conferred in the bylaws are not exclusive; and (5)
we are authorized to enter into indemnification agreements with our directors, officers, employees and agents.</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">The registrant has obtained directors and officers insurance
for the benefit of its directors and its officers.</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">The registrant has entered into indemnification agreements with
certain directors and officers of the registrant. In general, these agreements provide that the registrant will indemnify the director
or officer to the fullest extent permitted by law for claims arising in his or her capacity as a director or officer of the registrant
or in connection with their service at the registrant's request for another corporation or entity. The indemnification agreements
also provide for procedures that will apply in the event that a director or officer makes a claim for indemnification and establish
certain presumptions that are favorable to the director or officer.</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"></P>

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<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"><B>Item 16. Exhibits </B></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">The exhibits to this registration statement are listed in the
Exhibit Index to this registration statement and are incorporated herein by reference.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
<TD STYLE="border-bottom: Black 1pt solid; white-space: nowrap; padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; width: 10%"><B>EXHIBIT<BR>
</B> <B>NUMBER</B> &nbsp;</TD>
<TD STYLE="padding: 0.25pt 0.25pt 1pt; width: 2%">&nbsp;</TD>
<TD STYLE="text-align: center; border-bottom: Black 1pt solid; white-space: nowrap; padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; width: 88%"><B>DESCRIPTION</B></TD></TR>
<TR>
<TD STYLE="padding: 0.25pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="padding: 0.25pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="white-space: nowrap; vertical-align: top; padding: 0.25pt; font-size: 10pt">1.1*</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">Form of Underwriting Agreement</TD></TR>
<TR>
<TD STYLE="padding: 0.25pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="padding: 0.25pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="white-space: nowrap; vertical-align: top; padding: 0.25pt; font-size: 10pt"><A HREF="tm2027778d1_ex5-1.htm" STYLE="-sec-extract: exhibit">5.1</A></TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><A HREF="tm2027778d1_ex5-1.htm" STYLE="-sec-extract: exhibit">Opinion of Morgan, Lewis &amp; Bockius LLP, counsel for the registrant</A></TD></TR>
<TR>
<TD STYLE="padding: 0.25pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="padding: 0.25pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="white-space: nowrap; vertical-align: top; padding: 0.25pt; font-size: 10pt"><A HREF="tm2027778d1_ex23-1.htm" STYLE="-sec-extract: exhibit">23.1</A></TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><A HREF="tm2027778d1_ex23-1.htm" STYLE="-sec-extract: exhibit">Consent of Baker Tilly Virchow Krause, LLP</A></TD></TR>
<TR>
<TD STYLE="padding: 0.25pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="padding: 0.25pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="white-space: nowrap; vertical-align: top; padding: 0.25pt; font-size: 10pt"><A HREF="tm2027778d1_ex5-1.htm" STYLE="-sec-extract: exhibit">23.2</A></TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><A HREF="tm2027778d1_ex5-1.htm" STYLE="-sec-extract: exhibit">Consent of Morgan, Lewis &amp; Bockius LLP (included in Exhibit 5.1 filed herewith)</A></TD></TR>
<TR>
<TD STYLE="padding: 0.25pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="padding: 0.25pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="white-space: nowrap; vertical-align: top; padding: 0.25pt; font-size: 10pt"><A HREF="#s_001">24.1</A></TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt"><A HREF="#s_001">Power of Attorney (included on the signature page of this registration statement)</A></TD></TR>
</TABLE>

<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">*If applicable, to be filed as an exhibit to a document to be
incorporated by reference herein or by a post-effective amendment to this Registration Statement in connection with a specific
offering of securities.</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"><B>Item 17. Undertakings. </B></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">The undersigned registrant hereby undertakes:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 4%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 4%; padding: 0.25pt; font-size: 10pt">(1)</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement: </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 8%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 5%; padding: 0.25pt; font-size: 10pt">(i)</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;); </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 8%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 5%; padding: 0.25pt; font-size: 10pt">(ii)</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">To reflect in the prospectus any facts or events arising after the effective date of this registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the &ldquo;Calculation of Registration Fee&rdquo; table in the effective registration statement; and </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 8%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 5%; padding: 0.25pt; font-size: 10pt">(iii)</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">To include any material information with respect to the plan of distribution not previously disclosed in this registration statement or any material change to such information in this registration statement; </TD></TR>
</TABLE>
<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"><I>provided, however</I>, that paragraphs (1)(i), (1)(ii) and
(1)(iii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained
in reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d) of the Securities
Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;), that are incorporated by reference in this registration statement,
or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of this registration statement.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 4%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 4%; padding: 0.25pt; font-size: 10pt">(2)</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">That, for the purposes of determining any liability under the Securities Act, each post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at the time shall be deemed to be the initial <I>bona fide </I>offering thereof. </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 4%; padding: 0.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 4%; padding: 0.25pt; font-size: 10pt">(3)</TD>
    <TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. </TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-indent: -22.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-indent: -22.5pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-indent: -22.5pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 4%"></TD><TD STYLE="width: 4%; text-align: left">(4)</TD><TD STYLE="text-align: left">That, for the purpose of determining liability under
the Securities Act to any purchaser, (i) each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to
be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration
statement; and (ii) Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration
statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose of
providing the information required by Section 10(a) of the Securities Act shall be deemed to be part of and included in the registration
statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract
of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer
and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement
relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof. <I>Provided, however</I>, that no statement made in
a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed
incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to
a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the
registration statement or prospectus that was part of the registration statement or made in any such document immediately prior
to such effective date.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-indent: -22.5pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 4%"></TD><TD STYLE="width: 4%; text-align: left">(5)</TD><TD STYLE="text-align: left">That, for the purpose of determining liability of the
registrant under the Securities Act to any purchaser in the initial distribution of the securities, the undersigned registrant
undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless
of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser
by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered
to offer or sell such securities to such purchaser: (i) any preliminary prospectus or prospectus of the undersigned registrant
relating to the offering required to be filed pursuant to Rule 424; (ii) any free writing prospectus relating to the offering
prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant; (iii) the portion
of any other free writing prospectus relating to the offering containing material information about the undersigned registrant
or its securities provided by or on behalf of the undersigned registrant; and (iv) any other communication that is an offer in
the offering made by the undersigned registrant to the purchaser.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-indent: -22.5pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 4%"></TD><TD STYLE="width: 4%; text-align: left">(6)</TD><TD STYLE="text-align: left">That, for purposes of determining any liability under
the Securities Act, each filing of the registrant&rsquo;s annual report pursuant to Section 13(a) or 15(d) of the Exchange Act
(and, where applicable, each filing of an employee benefit plan&rsquo;s annual report pursuant to Section 15(d) of the Exchange
Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating
to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide
offering thereof.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt; text-indent: -22.5pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 4%"></TD><TD STYLE="width: 4%; text-align: left">(7)</TD><TD STYLE="text-align: left">Insofar as indemnification for liabilities arising under
the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing
provisions, or otherwise, the registrant has been advised that in the opinion of the SEC such indemnification is against public
policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling
person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel
the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication
of such issue.</TD>
</TR></TABLE>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="s_001"></A>SIGNATURES</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Act of 1933,
as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing
on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized,
in the City of Amityville, New York, on August 17 , 2020.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 50%">&nbsp;</TD>
<TD STYLE="width: 4%; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="width: 46%; padding: 0.25pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
<TD COLSPAN="2" STYLE="padding: 0.25pt; font-size: 10pt"><B>NAPCO SECURITY TECHNOLOGIES, INC.</B></TD></TR>
<TR>
    <TD>&nbsp;</TD>
<TD STYLE="padding: 0.25pt">&nbsp;</TD>
<TD STYLE="padding: 0.25pt">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
<TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">By:</TD>
<TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; padding: 0.25pt">/s/ Richard S. Soloway &nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
<TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">Richard L. Soloway</TD></TR>
<TR>
    <TD>&nbsp;</TD>
<TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">Chairman of the Board of Directors, President and Secretary (Principal Executive Officer)</TD></TR>
</TABLE>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints Richard L. Soloway and Kevin S. Buchel, and each of them, as true and lawful attorneys-in-fact
and agents, with full powers of substitution and resubstitution, for them and in their name, place and stead, in any and all capacities,
to sign any and all amendments to this registration statement, and to file the same, with all exhibits thereto, and other documents
in connection therewith, with the Securities and Exchange Commission, and generally to do all such things in their names and behalf
in their capacities as officers and directors to enable NAPCO Security Technologies, Inc. to comply with the provisions of the
Securities Act of 1933, as amended, and all requirements of the Securities and Exchange Commission, granting unto said attorneys-in-fact
and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to
be done in connection therewith, as fully to all intents and purposes as he or she might or could do in person, ratifying and confirming
all that said attorneys-in-fact and agents, or any of them, or their or his or her substitutes or substitute, may lawfully do or
cause to be done by virtue hereof.</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">Pursuant to the requirements of the Securities Act of 1933,
as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
<TD STYLE="border-bottom: Black 1pt solid; text-align: center; white-space: nowrap; padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; width: 25%"><B>Signature</B></TD>
<TD STYLE="padding: 0.25pt 0.25pt 1pt; text-align: center; width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; text-align: center; white-space: nowrap"><B>Title</B></TD>
<TD STYLE="padding: 0.25pt 0.25pt 1pt; text-align: center; width: 1%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; text-align: center; white-space: nowrap; padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt; width: 15%"><B>Date</B></TD></TR>
<TR>
<TD STYLE="padding: 0.25pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="padding: 0.25pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="padding: 0.25pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; padding: 0.25pt">/s/ Richard S. Soloway &nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD ROWSPAN="2" STYLE="text-align: center; vertical-align: top; padding: 0.25pt">Chairman of the Board of Directors,<BR> President and Secretary and Director (Principal Executive Officer)</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">August 17, 2020</TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">Richard S. Soloway</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="padding: 0.25pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="padding: 0.25pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="padding: 0.25pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; padding: 0.25pt">/s/ Kevin S. Buchel &nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD ROWSPAN="2" STYLE="text-align: center; vertical-align: top; padding: 0.25pt">Senior Vice President of Operations and Finance and Treasurer and Director<BR> (Principal Financial and Accounting Officer)</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">August 17, 2020</TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">Kevin S. Buchel</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="padding: 0.25pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="padding: 0.25pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="padding: 0.25pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; padding: 0.25pt">/s/ Paul Stephen Beeber &nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="padding: 0.25pt; vertical-align: top; font-size: 10pt; text-align: center">Director</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">August 17, 2020</TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">Paul Stephen Beeber</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="text-align: center; vertical-align: top; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="padding: 0.25pt; font-size: 10pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="padding: 0.25pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; padding: 0.25pt">/s/ Donna Soloway &nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="padding: 0.25pt; vertical-align: top; font-size: 10pt; text-align: center">Director</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">August 17, 2020</TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">Donna Soloway</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="text-align: center; vertical-align: top; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="padding: 0.25pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="padding: 0.25pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="padding: 0.25pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; padding: 0.25pt">/s/ Andrew J. Wilder. &nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="padding: 0.25pt; vertical-align: top; font-size: 10pt; text-align: center">Director</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">August 17, 2020</TD></TR>

<TR>
<TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">Andrew J. Wilder</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="padding: 0.25pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="padding: 0.25pt">&nbsp;</TD>
<TD COLSPAN="2" STYLE="padding: 0.25pt">&nbsp;</TD></TR>
<TR>
<TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; padding: 0.25pt">/s/ Robert Ungar &nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt; text-align: center">Director</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">August 17, 2020</TD></TR>
<TR>
<TD STYLE="vertical-align: top; padding: 0.25pt; font-size: 10pt">Robert Ungar</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: bottom; padding: 0.25pt">&nbsp;</TD>
<TD STYLE="vertical-align: top; padding: 0.25pt">&nbsp;</TD></TR>
</TABLE>

<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"></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>tm2027778d1_ex5-1.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<P STYLE="text-align: right; margin: 0"><B>Exhibit 5.1</B></P>

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

<P STYLE="margin: 0"><IMG SRC="tm2027778d1_ex5-1img001.jpg" ALT="">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">August 17, 2020</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"><FONT STYLE="font-weight: normal">NAPCO Security Technologies,
Inc.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-weight: normal">333 Bayview Avenue</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-weight: normal">Amityville, New York 11701</FONT></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">Ladies and Gentlemen:</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">You have requested our opinion, as counsel to NAPCO Security
Technologies, Inc., a Delaware corporation (the &#8220;Company&#8221;), with respect to certain matters in connection with the
offering of 2,568,032 shares (the &#8220;Shares&#8221;) of its common stock, par value $0.01, to be sold by the selling stockholder
(the &#8220;Selling Stockholder&#8221;) pursuant to a Registration Statement on Form S-3 (the &#8220;Registration Statement&#8221;),
to be filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended, and the prospectus included
in the Registration Statement (the &#8220;Prospectus&#8221;).</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">In connection with this opinion letter, we have examined and
relied upon the Registration Statement and the Prospectus, the Company&#8217;s Amended and Restated Certificate of Incorporation,
and Amended and Restated Bylaws, as amended, each as currently in effect, and originals or copies certified to our satisfaction
of such other records, documents, certificates, memoranda and other instruments as in our judgment are necessary or appropriate
to enable us to render the opinion expressed below.</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">We have assumed the genuineness of all signatures, the legal
capacity of natural persons, the authenticity of the documents submitted to us as originals, the conformity to the original documents
of all documents submitted to us as certified, facsimile or photostatic copies, and the authenticity of the originals of all documents
submitted to us as copies.</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">As to any facts that are material to the opinions hereinafter
expressed that we did not independently establish or verify, we have relied without investigation upon a certificate of an officer
of the Company and the Selling Stockholder and have not independently verified such matters.</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">Our opinion is expressed only with respect to the General Corporation
Law of the State of Delaware. We express no opinion to the extent that any other laws are applicable to the subject matter hereof
and express no opinion and provide no assurance as to compliance with any federal or state securities law, rule or regulation.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="LEFT" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap"><B>Morgan, Lewis &amp; Bockius <FONT STYLE="font-variant: small-caps">llp</FONT></B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 65%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 15%"><FONT STYLE="font-size: 10pt">1400 Page Mill Road</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 5%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 15%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap"><FONT STYLE="font-size: 10pt">Palo Alto, CA&nbsp;&nbsp;94304</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; white-space: nowrap; text-align: left"><IMG SRC="tm2027778d1_ex5-1img01.jpg" ALT=""><FONT STYLE="font-size: 10pt">&nbsp;+1.650.843.4000</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="white-space: nowrap"><FONT STYLE="font-size: 10pt">United States</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap"><FONT STYLE="font-size: 10pt"><IMG SRC="tm2027778d1_ex5-1img03.jpg" ALT="">&nbsp;+1.650.843.4001</FONT></TD></TR>
</TABLE>
<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"></P>

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    <!-- Field: /Page -->

<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">Except as specifically set forth herein, we have not undertaken
any independent investigation to determine the accuracy of facts material to any such statement or opinion, and no inference as
to such statement or opinion should be drawn from the fact of our representation of the Company.</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">Based upon and subject to the foregoing, and to the limitations
and qualifications described below, we are of the opinion that the Shares have been validly issued and are fully paid and non-assessable.</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">Our opinion expressed above are subject to the following additional
limitations, exceptions, qualifications and assumptions:</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">This opinion letter is effective only as of the date hereof.
We do not assume responsibility for updating this opinion letter as of any date subsequent to its date, and we assume no responsibility
for advising you of any changes with respect to any matters described in this opinion letter that may occur, or facts that may
come to our attention, subsequent to the date hereof.</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">This opinion letter is furnished by us solely for the benefit
of the Company in connection with the transactions contemplated by the Registration Statement and may not be relied upon by any
person for any other purpose, nor may it be furnished to or relied upon by any other person or entity for any purpose whatsoever.
This opinion letter is not to be quoted in whole or in part or otherwise referred to or used, nor is it to be filed with any governmental
agency or any other person, without our express written consent.</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">Finally, we consent to the reference to our firm under the caption
&#8220;Legal Matters&#8221; in the Prospectus included in the Registration Statement and to the filing of this opinion as an exhibit
to the Registration Statement.</P>

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

<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: 50%; text-align: left">&nbsp;</TD><TD STYLE="text-align: justify; width: 50%">/s/ Morgan, Lewis &amp; Bockius LLP</TD>
</TR></TABLE>

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



<P STYLE="margin: 0"></P>

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

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>3
<FILENAME>tm2027778d1_ex23-1.htm
<DESCRIPTION>EXHIBIT 23.1
<TEXT>
<HTML>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Exhibit 23.1</B></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">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM</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">We consent to the incorporation by reference in the Registration
Statements on Form S-3 of Napco Security Technologies, Inc. and Subsidiaries of our report dated September 13, 2019, relating to
the consolidated financial statements and the effectiveness of internal control over financial reporting, which appears on pages
FS-2 and FS-3 of the Company's Annual Report on Form 10-K for the year ended June 30, 2019. We also consent to the reference of
us under the heading &quot;Experts&quot; in this Registration Statement.</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">/s/ Baker Tilly US, LLP</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">Melville, New York</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">August 17, 2020</P>



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

<P STYLE="margin: 0"></P>

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