<SEC-DOCUMENT>0001157523-17-001869.txt : 20170627
<SEC-HEADER>0001157523-17-001869.hdr.sgml : 20170627
<ACCEPTANCE-DATETIME>20170627131552
ACCESSION NUMBER:		0001157523-17-001869
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20170627
DATE AS OF CHANGE:		20170627
GROUP MEMBERS:		NLW1, LLC

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Security Devices International Inc.
		CENTRAL INDEX KEY:			0001354866
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
		IRS NUMBER:				711050654
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-88900
		FILM NUMBER:		17931806

	BUSINESS ADDRESS:	
		STREET 1:		9325 PUCKETT ROAD
		CITY:			PERRY
		STATE:			FL
		ZIP:			32348
		BUSINESS PHONE:		905-582-6402

	MAIL ADDRESS:	
		STREET 1:		9325 PUCKETT ROAD
		CITY:			PERRY
		STATE:			FL
		ZIP:			32348

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			REF Securities & Co.
		CENTRAL INDEX KEY:			0001604925
		IRS NUMBER:				133642824

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		12 SOUTH MAIN STREET, SUITE 203
		CITY:			NORWALK
		STATE:			CT
		ZIP:			06854
		BUSINESS PHONE:		203-663-1300

	MAIL ADDRESS:	
		STREET 1:		12 SOUTH MAIN STREET, SUITE 203
		CITY:			NORWALK
		STATE:			CT
		ZIP:			06854
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>a51581042.htm
<DESCRIPTION>REF SECURITIES & CO. SC 13D/A
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: business wire
    Document created using EDGARfilings PROfile 4.2.1.0
    Copyright 1995 - 2017 Summit Financial Printing, LLC.  All rights reserved.-->
</head>
<body style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" bgcolor="#ffffff" text="#000000">
<div><br>
<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 12pt; FONT-WEIGHT: bold">UNITED STATES</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 12pt; FONT-WEIGHT: bold">SECURITIES AND EXCHANGE COMMISSION</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Washington, D.C.&#160; 20549</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 18pt; FONT-WEIGHT: bold">SCHEDULE 13D</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Under the Securities Exchange Act of 1934</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(Amendment No. __1_)</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 14pt; FONT-WEIGHT: bold">Security Devices International, Inc.</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">&#160;(Name of Issuer)</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Common Stock, par value $0.001 per share</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">(Title of class of Securities)</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">814196101</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">(CUSIP Number)</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Rodd Friedman, 12 South Main Street, Suite 203, Norwalk, CT 06854, 203-663-1300</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">(Name, Address and Telephone Number of Person Authorized to</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Receive Notices and Communications)</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">June 21, 2017</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">(Date of Event which Requires Filing of this Statement)</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.&#160; &#160; [&#160;&#160; ]</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
<hr style="BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: #000000; MARGIN: 4px 0px; WIDTH: 100%; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; HEIGHT: 2px; COLOR: #000000; CLEAR: both; BORDER-LEFT-WIDTH: 0px" noshade="noshade">
</div>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="zc2d6b57e4be5464c8282306e3e0dfe08" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt">1.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; MARGIN-BOTTOM: 4pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Names of Reporting Persons:</font><font style="WIDTH: 180pt; DISPLAY: inline-block; FONT-SIZE: 1px" id="TRGRRTFtoHTMLTab">&#160;</font></div>
</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 36pt; FONT-SIZE: 10pt">NLW1, LLC</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 36pt; FONT-SIZE: 10pt">EIN:&#160; 47-4088444</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="z0a95632c30a14d58b44ddb1b22fda60c" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt">2.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">&#160;Check the Appropriate Box if a Member of a Group</div>
</td>
</tr>
</table>
</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="z0d67f5a716194258855dc5be8ad0e44e" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 54pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 36pt; FONT-SIZE: 10pt">(a)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">&#160;[ X ]</div>
</td>
</tr>
</table>
</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="z77b3c9560bec4ae68d5e2f0731c79014" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 54pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 36pt; FONT-SIZE: 10pt">(b)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">&#160;[&#160;&#160; ]</div>
</td>
</tr>
</table>
</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="zd5fefb9a060442ebbc992b14a2c93d75" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt">3.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">SEC Use Only:</div>
</td>
</tr>
</table>
</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="z9e9116ebe88745d49bed2e50cd1f5638" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt">4.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Source of Funds:&#160; OO</div>
</td>
</tr>
</table>
</div>

<div><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="zf08bb36651054eedae5d717a0d9c9196" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt">5.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):&#160; [&#160;&#160; ]</div>
</td>
</tr>
</table>
</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="z551023b1a1194d2292cda19af8405329" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt">6.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Citizenship or Place of Organization:&#160; Connecticut</div>
</td>
</tr>
</table>
</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Number of Shares Beneficially Owned by Each Reporting Person with:</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: left; MARGIN-BOTTOM: 4pt">
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="ze4936386d0c34d268a24bed0707847ff" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 18pt"></td>
<td style="WIDTH: 18pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; align: right">7.</td>
<td style="TEXT-ALIGN: left; WIDTH: auto; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Sole Voting Power:&#160; 7,575,757</div>
</td>
</tr>
</table>
</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="z61acf6b98ffb45468f255dd531dc3ac5" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt">8.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">&#160;Shared Voting Power:&#160; 0</div>
</td>
</tr>
</table>
</div>

<div><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="z0e35806a2477414fb08781c832641f0e" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt">9.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Sole Dispositive Power:&#160; 7,575,757</div>
</td>
</tr>
</table>
</div>

<div><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="z0181ce57293d47f1a83de49da5bc16c8" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt">10.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Shared Dispositive Power:&#160; 0</div>
</td>
</tr>
</table>
</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="z6c86023218d64e68a5fe779ec83eaba9" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt">11.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Aggregate Amount Beneficially Owned by Each Reporting Person:&#160; 7,575,757</div>
</td>
</tr>
</table>
</div>

<div><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="z90468f78b377460895f9e901830a386c" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt">12.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Check if the Aggregate Amount in Row (11) Excludes Certain Shares:&#160; &#160; [&#160;&#160; ]</div>
</td>
</tr>
</table>
</div>

<div><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="z6f1f94e0429f47468e7a2534da140ebd" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt">13.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Percent of Class Represented by Amount in Row (11):&#160; 13.4%<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup></div>
</td>
</tr>
</table>
</div>

<div><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="zd9c1a47f54854670badaf2ea573c76ed" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt">14.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Type of Reporting Person:&#160; OO (limited liability company)</div>
</td>
</tr>
</table>
</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="MARGIN-BOTTOM: 4pt">
<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">
<hr style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; WIDTH: 20%; HEIGHT: 1px; COLOR: #000000; MARGIN-LEFT: 0px; BORDER-TOP: medium none; MARGIN-RIGHT: auto; BORDER-RIGHT: medium none" align="left" noshade="noshade">
</div>

<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">1</sup> Based upon 56,732,099 shares of common stock outstanding as of May 31, 2017.</div>
</div>

<div style="MARGIN-BOTTOM: 4pt">&#160;</div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
<hr style="BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: #000000; MARGIN: 4px 0px; WIDTH: 100%; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; HEIGHT: 2px; COLOR: #000000; CLEAR: both; BORDER-LEFT-WIDTH: 0px" noshade="noshade">
</div>
</div>

<div style="MARGIN-BOTTOM: 4pt">&#160;</div>

<div style="MARGIN-BOTTOM: 4pt">
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="z0dc78501faaa430795a91a168e2a4150" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt">1.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; MARGIN-BOTTOM: 4pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Names of Reporting Persons:</font><font style="WIDTH: 180pt; DISPLAY: inline-block; FONT-SIZE: 1px">&#160;</font></div>
</td>
</tr>
</table>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 36pt; FONT-SIZE: 10pt">REF Securities &amp; Co.</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 36pt; FONT-SIZE: 10pt">EIN: 13-3642824</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 36pt; FONT-SIZE: 10pt">&#160;</div>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="ze527cf22adaf43f8894f2db9a1720fd9" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt">2.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Check the Appropriate Box if a Member of a Group</div>
</td>
</tr>
</table>
</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 36pt; FONT-SIZE: 10pt">(a) [ X ]</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 36pt; FONT-SIZE: 10pt">(b) [&#160;&#160; ]</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="zf97793c3cd92474492608e996259866b" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt">3.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">SEC Use Only:</div>
</td>
</tr>
</table>
</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="zc9338ca086504d0ea764675d641bae82" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt">4.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Source of Funds:&#160; WC</div>
</td>
</tr>
</table>
</div>

<div><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="z6993d4576dce4805a46484abe4ee68c4" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt">5.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):&#160; [&#160;&#160; ]</div>
</td>
</tr>
</table>
</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="z0136d3b158e648259367a2bd5a64db38" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt">6.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Citizenship or Place of Organization:&#160; Connecticut</div>
</td>
</tr>
</table>
</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Number of Shares Beneficially Owned by Each Reporting Person with:</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: left; MARGIN-BOTTOM: 4pt">
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" id="zde9c368632e44c9686428ac8f74bba72" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 18pt"></td>
<td style="WIDTH: 18pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; align: right">7.</td>
<td style="TEXT-ALIGN: left; WIDTH: auto; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">Sole Voting Power:&#160; 2,898,765</div>
</td>
</tr>
</table>
</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="za9db9f861d9e466daa8df0c0e571e6cf" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt">15.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">&#160;Shared Voting Power:&#160; 0</div>
</td>
</tr>
</table>
</div>

<div><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="za602b817d66c43c1a988c69b4ae313f2" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt">16.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Sole Dispositive Power:&#160; 2,898,765</div>
</td>
</tr>
</table>
</div>

<div><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="z18737abb30c440d6b18301248ca092c4" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt">17.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Shared Dispositive Power:&#160; 0</div>
</td>
</tr>
</table>
</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="z2a8b73b766244b0891bc4ef97a16942d" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt">18.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Aggregate Amount Beneficially Owned by Each Reporting Person:&#160; 2,898,765</div>
</td>
</tr>
</table>
</div>

<div><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="z9023d355adb1408fab5cf26786a28e14" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt">19.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Check if the Aggregate Amount in Row (11) Excludes Certain Shares:&#160; &#160; [&#160;&#160; ]</div>
</td>
</tr>
</table>
</div>

<div><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="z9136c752f0cc43899e3d101a9893d9b8" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt">20.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Percent of Class Represented by Amount in Row (11):&#160; 5.1%<sup style="vertical-align: text-top; line-height: 1; font-size: smaller">2</sup></div>
</td>
</tr>
</table>
</div>

<div><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="z80a917cfc2ab43f58970411bfa92e99b" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 18pt; FONT-SIZE: 10pt">21.</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Type of Reporting Person:&#160; IN</div>
</td>
</tr>
</table>
</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="MARGIN-BOTTOM: 4pt">
<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">
<hr style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; BACKGROUND-COLOR: #000000; WIDTH: 20%; HEIGHT: 1px; COLOR: #000000; MARGIN-LEFT: 0px; BORDER-TOP: medium none; MARGIN-RIGHT: auto; BORDER-RIGHT: medium none" align="left" noshade="noshade">
</div>

<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">2</sup>&#160; </font>Based upon 56,732,099 shares of common stock outstanding as of May 31, 2017.</div>
</div>

<div style="MARGIN-BOTTOM: 4pt">&#160;</div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
<hr style="BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: #000000; MARGIN: 4px 0px; WIDTH: 100%; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; HEIGHT: 2px; COLOR: #000000; CLEAR: both; BORDER-LEFT-WIDTH: 0px" noshade="noshade">
</div>
</div>

<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 1.&#160; Security and Issuer</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: left; MARGIN-BOTTOM: 4pt"><font style="WIDTH: 36pt; DISPLAY: inline-block; FONT-SIZE: 1px" id="TRGRRTFtoHTMLTab">&#160;</font><font style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">The class of securities to which this statement relates is the shares of common stock, par value $0.001 per share, of Security Devices International, Inc., whose principal executive offices are located at 9325 Puckett Road, Perry, FL 32348.</font></div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 2.&#160; Identity and Background</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="z6bf0587664764537a7b1d23a6e535054" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 54pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 36pt; FONT-SIZE: 10pt">(a)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">&#160;Name:</div>
</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 54pt; FONT-SIZE: 10pt">NLW1, LLC ("NLW1")</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 54pt; FONT-SIZE: 10pt">REF Securities &amp; Co., incorporated under the laws of the State of Connecticut ("REF")</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="zba569cc47b9b470f92dd23c420c45b5e" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 54pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 36pt; FONT-SIZE: 10pt">(b)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Business Address:</div>
</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 54pt; FONT-SIZE: 10pt">NLW1:&#160; 12 South Main Street, Suite 203, Norwalk, CT 06854</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 54pt; FONT-SIZE: 10pt">REF: 12 South Main Street, Suite 203, Norwalk, CT 06854</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="z84f4fb1258a34a7197cb114fcf435878" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 54pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 36pt; FONT-SIZE: 10pt">(c)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Principal business:</div>
</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 54pt; FONT-SIZE: 10pt">NLW1:&#160; Investment vehicle</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 54pt; FONT-SIZE: 10pt">REF:&#160; Private investment manager</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 36pt; FONT-SIZE: 10pt">(d)&#160; Each reporting person has not, during the last five years, been convicted in a criminal&#160;&#160; proceeding (excluding traffic violations or similar misdemeanors).</div>

<div><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="z8d3c7f2794c145c690f92ba1f4b61e25" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 54pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 36pt; FONT-SIZE: 10pt">(e)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Each reporting person has not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding been made subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.</div>
</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: justify; MARGIN-LEFT: 36pt"><br>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 3.&#160; Source and Amount of Funds or Other Consideration</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">The shares that have been acquired by reporting persons were acquired with their own funds totaling approximately $3,253,678.</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 4.&#160; Purpose of Transaction</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">The shares were not acquired by reporting persons for any particular purpose, but rather for general investment purposes.</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">&#160;</div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
<hr style="BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: #000000; MARGIN: 4px 0px; WIDTH: 100%; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; HEIGHT: 2px; COLOR: #000000; CLEAR: both; BORDER-LEFT-WIDTH: 0px" noshade="noshade">
</div>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">The reporting persons have engaged in discussions with management, the Board, other shareholders regarding ways to maximize shareholder value.&#160;&#160; The reporting persons intend to engage more substantively with management, the Board and other relevant parties on matters concerning the business, assets, capitalization, financial condition, operations, management, strategy and future plans of the Issuer. The reporting person may also discuss strategic alternatives with interested parties to propose or consider extraordinary transactions including, without limitation, a merger, divesting certain assets, effectuating and participating in a "going private" transaction, or exploring the sale of the issuer.</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">The reporting persons also reserve the right to seek changes in the composition of the Board and management, or to seek changes in the certificate of incorporation or by-laws of issuer.</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">The reporting persons intend to review their investments in the issuer on a continuing basis. Depending on various factors, including, without limitation, the issuer's financial position and strategic direction, actions taken by the Board, price levels of shares of the common stock, other investment opportunities available to the reporting persons, concentration of positions in the portfolios managed by the reporting persons, market conditions and general economic and industry conditions, the reporting persons may take such actions with respect to their investment in the issuer as they deem appropriate, including, without limitation, purchasing additional shares of the issuer's common stock or other financial instruments related to the issuer or its common stock or selling some or all of issuer's common stock held by them.</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 5.&#160; Interest in Securities of the Issuer</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="z30384fc2034744f480d17e04d0d36510" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 54pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 36pt; FONT-SIZE: 10pt">(a)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">&#160;Reporting persons' beneficial ownership of shares of the Issuer's common stock are as follows:</div>
</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 54pt; FONT-SIZE: 10pt">NLW1:&#160; 7,575,757 shares, representing 13.4% of the shares of common stock outstanding.</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 54pt; FONT-SIZE: 10pt">REF:&#160; 2,898,765 shares, representing 5.1% of the shares of common stock outstanding.</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="z733229b142a544ebbdd985b5d95b9414" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 54pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 36pt; FONT-SIZE: 10pt">(b)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Each reporting person exercises sole voting power and sole dispositive power over all of the shares ascribed to it in Item 5 (a) above.&#160; Each reporting person does not have any shared power to vote or dispose of said shares.</div>
</td>
</tr>
</table>
</div>

<div><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="zdb63e787f46a4d5db744fd5ebfd18cad" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="BACKGROUND-COLOR: #ffffff; WIDTH: 54pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 36pt; FONT-SIZE: 10pt">(c)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">In the last 60 days, reporting persons have not engaged in any transactions in Issuer's common stock.</div>
</td>
</tr>
</table>
</div>

<div><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="z961c529da4d34bcebc7e155e76406151" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 54pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 36pt; FONT-SIZE: 10pt">(d)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">N/A.</div>
</td>
</tr>
</table>
</div>

<div><br>
</div>

<div>
<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt" id="z68e366d4aba546c08b8c39d5dcbbf3df" class="DSPFListTable" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 54pt; VERTICAL-ALIGN: top; align: right">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; MARGIN-LEFT: 36pt; FONT-SIZE: 10pt">(e)</div>
</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">N/A.</div>
</td>
</tr>
</table>
</div>

<div style="MARGIN-BOTTOM: 4pt">&#160;</div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
<hr style="BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: #000000; MARGIN: 4px 0px; WIDTH: 100%; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; HEIGHT: 2px; COLOR: #000000; CLEAR: both; BORDER-LEFT-WIDTH: 0px" noshade="noshade">
</div>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 6.&#160; Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">There are no contracts, arrangements, understandings or relationships with reporting persons described in the instructions to this Item 6 other than that NLW1 and REF are affiliated entities.</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 7.&#160; Material to Be Filed as Exhibits</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">There are no exhibits to be filed pursuant to the instructions for this Item 7.</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: left; FONT-STYLE: italic; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Signature</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 36pt; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">Date:&#160; June 27, 2017</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">NLW1, LLC</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">By:&#160; <font style="FONT-STYLE: italic; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">/s/ Rodd Friedman</font></div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;Rodd Friedman, Manager</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">REF Securities &amp; Co.</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">By:&#160; <font style="FONT-STYLE: italic; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">/s/ Rodd Friedman</font></div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;Rodd Friedman, President</div>

<div style="MARGIN-BOTTOM: 4pt"><br>
</div>

<br>
<div style="TEXT-ALIGN: justify; FONT-FAMILY: 'Times New Roman', Times, serif; MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt">&#160;</div>
</div>
</body>
</html>

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