<SEC-DOCUMENT>0001171843-16-010356.txt : 20160527
<SEC-HEADER>0001171843-16-010356.hdr.sgml : 20160527
<ACCEPTANCE-DATETIME>20160527123254
ACCESSION NUMBER:		0001171843-16-010356
CONFORMED SUBMISSION TYPE:	SD
PUBLIC DOCUMENT COUNT:		2
<RULE>
<RULE-NAME>13p-1
<ITEM>
<ITEM-NUMBER>1.01
<ITEM-PERIOD>20151231
</ITEM>
<ITEM>
<ITEM-NUMBER>1.02
<ITEM-PERIOD>20151231
</ITEM>
</RULE>
FILED AS OF DATE:		20160527
DATE AS OF CHANGE:		20160527

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Clearfield, Inc.
		CENTRAL INDEX KEY:			0000796505
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE & TELEGRAPH APPARATUS [3661]
		IRS NUMBER:				411347235
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		SD
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-16106
		FILM NUMBER:		161681144

	BUSINESS ADDRESS:	
		STREET 1:		7050 WINNETKA AVE. N.
		STREET 2:		SUITE 100
		CITY:			BROOKLYN PARK
		STATE:			MN
		ZIP:			55428
		BUSINESS PHONE:		763-476-6866

	MAIL ADDRESS:	
		STREET 1:		7050 WINNETKA AVE. N.
		STREET 2:		SUITE 100
		CITY:			BROOKLYN PARK
		STATE:			MN
		ZIP:			55428

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	APA Enterprises, Inc.
		DATE OF NAME CHANGE:	20041116

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	APA OPTICS INC /MN/
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>SD
<SEQUENCE>1
<FILENAME>fsd_052716.htm
<DESCRIPTION>FORM SD
<TEXT>
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<P STYLE="margin: 0"></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><FONT STYLE="font-size: 12pt"><B>UNITED STATES</B></FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><FONT STYLE="font-size: 12pt"><B>SECURITIES AND EXCHANGE COMMISSION</B></FONT><BR>
<B>Washington, D.C. 20549</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><FONT STYLE="font-size: 12pt"><B>FORM SD</B></FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><FONT STYLE="font-size: 12pt"><B>Specialized Disclosure Report</B></FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt">Clearfield, Inc.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt">(Exact name of registrant as specified in its charter)</FONT></TD></TR>
</TABLE>


<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; border-bottom: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt">Minnesota</FONT></TD>
    <TD STYLE="width: 34%; border-bottom: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt">000-16106</FONT></TD>
    <TD STYLE="width: 33%; border-bottom: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt">41-1347235</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt">State or other jurisdiction of <BR>
incorporation or organization)</FONT></TD>
    <TD>
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(Commission</P>
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">File Number)</P></TD>
    <TD>
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(IRS Employer</P>
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Identification No.)&nbsp;</P></TD></TR>
</TABLE>


<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 50%; border-bottom: Black 1pt solid">
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">7050 Winnetka North, Suite 100</P>
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Brooklyn Park, Minnesota</P></TD>
    <TD STYLE="vertical-align: bottom; width: 50%; border-bottom: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt">55428</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt">(Address of principal executive offices)</FONT></TD>
    <TD STYLE="text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt">(Zip Code)</FONT></TD></TR>
</TABLE>


<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: Black 1pt solid">
        <P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Daniel Herzog</P>
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><FONT STYLE="background-color: white">(763) 476-6866</FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt">(Name and telephone number, including area code, of the person to contact in connection with this report.)</FONT></TD></TR>
</TABLE>


<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Check the appropriate box to indicate the rule pursuant to which this form is being filed,
and provide the period to which the information in this form applies:</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 4%; text-align: center; border-bottom: Black 1pt solid; vertical-align: top">X</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 95%">Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the
reporting period from <U>January 1 to December 31, 2015</u></TD></TR>
</TABLE>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font-size: 10pt; margin: 0pt 0"></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>Section 1 &ndash; Conflict Minerals Disclosure</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>Item 1.01&#9;Conflict Minerals Disclosure and Report</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><FONT STYLE="background-color: white">This Form SD of Clearfield,
Inc. (the &ldquo;Company&rdquo;) is filed pursuant to Rule 13p-1 promulgated under the Securities Exchange Act of 1934, as amended,
for the reporting period from January&nbsp;1, 2015 to December&nbsp;31, 2015.</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>Conflict Minerals Disclosure</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The Company has filed, as an exhibit to this Form SD, the Conflict
Minerals Report required by Item 1.01.&nbsp; A copy of the Conflict Minerals Report of Clearfield, Inc. is attached as Exhibit
1.01 to this Form SD and is publicly available at&nbsp;http://www.clearfieldconnection.com/legal/conflictminerals.php.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Any reference in this Form SD or the attached Conflict Minerals
Report to the Company&rsquo;s corporate website, and the contents thereof, is provided for convenience only; such website and the
contents thereof are not incorporated by reference into this Form SD nor deemed filed with the Securities and Exchange Commission.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>Item 1.02&#9;Exhibit</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><FONT STYLE="background-color: white">The Company has filed, as an exhibit to this Form
SD, the Conflict Minerals Report required by Item&nbsp;1.01.</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>Section 2 &ndash; Exhibits</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>Item 2.01&#9;Exhibit</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Exhibit 1.01&#9;Clearfield, Inc. Conflict Minerals Report for 2015 as required by Items
1.01 and 1.02 of Form SD</P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>SIGNATURES</B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">
        <P STYLE="font-size: 10pt; margin: 0pt 0">CLEARFIELD, INC.</P>
        <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="width: 15%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 20%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;/s/ Daniel Herzog</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">May 27, 2016</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">By: Daniel Herzog, Chief Financial Officer</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">Date</FONT></TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>



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<DOCUMENT>
<TYPE>EX-1.01
<SEQUENCE>2
<FILENAME>exh_101.htm
<DESCRIPTION>EXHIBIT 1.01
<TEXT>
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<P STYLE="margin: 0"></P>

<P STYLE="font-size: 10pt; text-align: right; margin: 0pt 0"><B>Exhibit 1.01</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">CONFLICT MINERALS REPORT OF</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 6pt 0"><B>Clearfield, Inc.</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">IN ACCORDANCE WITH RULE 13p-1</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 6pt 0">UNDER THE SECURITIES EXCHANGE ACT OF 1934</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">FOR THE REPORTING PERIOD FROM</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 6pt 0 0pt">JANUARY 1 TO DECEMBER 31, 2015</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 6pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Gray 1.25pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>I.</B></TD><TD STYLE="text-align: justify"><B>Introduction</B></TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">This is the Conflict Minerals Report (the &quot;Report&quot;) of
Clearfield, Inc. (&ldquo;Clearfield&rdquo;, the &ldquo;Company,&rdquo; &ldquo;we,&rdquo; &ldquo;us,&rdquo; or &ldquo;our&rdquo;)
prepared for calendar year 2015 in accordance with Rule 13p-1 (&ldquo;Rule 13p-1&rdquo;) under the Securities Exchange Act of 1934
(the &ldquo;Act&rdquo;). Numerous terms in this Report are defined in Rule 13p-1 of the Act and Form SD and the reader is referred
to those sources, and also to Securities and Exchange Commission (&quot;SEC&quot;) Release No. 34-67716 (August 22, 2012) of the
Act (the &ldquo;Adopting Release&rdquo;) for such definitions.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The statements below are based on the due diligence activities performed
to date by Clearfield and are based on the infrastructure and information available at the time of this filing.&nbsp; There are
factors that could affect the accuracy of these statements.&nbsp; These factors include, but are not limited to, incomplete supplier
data or available smelter data, errors or omissions by suppliers or smelters, evolving definition and confirmation of smelters,
incomplete information from industry or other third-party sources, continuing guidance regarding the SEC final rules, and other
issues.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B><U>About Clearfield</U></B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Clearfield designs, <FONT STYLE="background-color: white">manufactures,
markets and sells an end-to-end fiber management and enclosure platform that consolidates, distributes and protects fiber as it
moves from the inside plant to the outside plant and all the way to the home, business and cell site</FONT>. In addition, the Company
also provides contract manufacturing services for original equipment manufacturers requiring copper and fiber cable assemblies
built to their specification. Clearfield&rsquo;s product lines are classified as either copper or fiber connectivity related.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">In accordance with the Rule, the Company reviewed the products offered&nbsp;and
determined that conflict minerals were necessary to the functionality or production of the following products the Company manufactured
or contracted to manufacture in the reporting period of January 1, 2015 to December 31, 2015: (1) cable assemblies made with metal
compounds that contain the conflict minerals of tin and gold and (2) cabinets and panels comprised of sheet metal containing tin.
Our fiber connectivity products contain a wide variety of materials that do not contain conflict minerals.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0"><B></B></P>

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<P STYLE="font-size: 10pt; margin: 0pt 0"><B></B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><B><U>Reasonable Country of Origin Inquiry</U></B></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">In accordance with Rule 13p-1, we undertook a reasonable country
of origin inquiry (&ldquo;2015 RCOI&rdquo;) to determine whether the conflict minerals necessary to the functionality or production
of the Covered Products were sourced from the Democratic Republic of Congo or an adjoining country (the &ldquo;Covered Countries&rdquo;)
or are from recycled or scrap sources. Based upon the 2015 RCOI, the Company concluded that certain of the necessary conflict minerals
included in the Covered Products did originate in one or more of the Covered Countries. None of the necessary conflict minerals
included in the products were from recycled or scrap sources. Accordingly, we exercised due diligence on the source and chain of
custody of the necessary conflict minerals in the Covered Products, as discussed below.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>II.</B></TD><TD STYLE="text-align: justify"><B>Design of Due Diligence Measures</B></TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The Company&rsquo;s due diligence measures were designed to conform,
in all material respects, with the internationally recognized due diligence framework in the <I>OECD Due Diligence Guidance for
Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas</I><SUP> </SUP>(&ldquo;OECD Due Diligence Guidance&rdquo;)
and related Supplements for each of the conflict minerals.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Clearfield&rsquo;s implementation of the five-step framework of
the OECD Due Diligence Guidance consisted of the following overarching steps, which are discussed in further detail in Section
III.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Step 1: &nbsp;&nbsp;&nbsp;&nbsp;Establish strong company management
systems</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Step 2: &nbsp;&nbsp;&nbsp;&nbsp;Identify and assess risks in the
supply chain</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Step 3: &nbsp;&nbsp;&nbsp;&nbsp;Design and implement a strategy
to respond to identified risks</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: -49.5pt; margin: 0pt 0 0pt 49.5pt">Step 4: &nbsp;&nbsp;&nbsp;&nbsp;&#9;Carry
out independent third-party audit of smelter/refiner&rsquo;s due diligence practices</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Step 5: &nbsp;&nbsp;&nbsp;&nbsp;Report annually on supply chain
due diligence</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">We relied upon multi-stakeholder initiatives that provide verification
processes for conflict-free minerals from smelters or refiners who may provide those minerals to companies in our supply chain.
The Company, as a purchaser of component parts, is many steps removed from the mining of conflict minerals; the Company does not
purchase raw ore or unrefined conflict minerals, and conducts no purchasing activities directly in the Covered Countries.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>III.</B></TD><TD STYLE="text-align: justify"><B>Due Diligence Measures Performed </B></TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The following describes the measures taken to exercise due diligence
in the mineral supply chain in conformance with the OECD Due Diligence Guidance for calendar year 2015.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Step 1:<B>&#9;</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Establish strong company management systems</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The Company has adopted a company policy regarding conflict minerals
in its supply chain and has communicated this policy to all suppliers.&nbsp;&nbsp;The Company is continuing to work on incorporating
its policy into supply contracts and arrangements with new suppliers or renewed supply arrangements.&nbsp;&nbsp;This policy is
publicly available on the Company&rsquo;s website at <U>www.clearfieldconnection.com</U> by following the link under &ldquo;Products.&rdquo;&nbsp;&nbsp;<FONT STYLE="background-color: white">The
content of the Company&rsquo;s website is included for general information only and is not incorporated by reference in this Report.</FONT></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font-size: 10pt; margin: 0pt 0"></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The Company has strengthened its competence in supply chain management
to support conflict mineral due diligence through additional training, additional control processes designed to provide transparency
to conflict minerals in the Company&rsquo;s supply chain, and establishment of a management system for review of conflict minerals
in the Company&rsquo;s supply chain.&nbsp;&nbsp;The management system includes the development of a working group sponsored by
the Chief Financial Officer of the Company and a team of subject matter experts from relevant functions such as finance, supply
chain management, and its quality department.&nbsp;&nbsp;The working group is responsible for implementing the Company&rsquo;s
conflict minerals policy, conducting the 2015 RCOI and designing and implementing future improvements to the Company&rsquo;s conflict
minerals supply chain management.&nbsp;&nbsp;The Company&rsquo;s executive officers were briefed on a regular basis about the
2015 RCOI and the results of the due diligence measures performed on the source and chain of custody of the necessary conflict
minerals.&nbsp;&nbsp;The Company has retained all relevant documentation relating to its 2015 RCOI and its due diligence.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Step 2:&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Identify and assess risks in the supply chain</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The Company first identified all of its active suppliers that may
supply products to the Company (components, subassemblies and materials) containing conflict minerals.&nbsp;&nbsp;For this purpose,
the Company identified for this next step of the risk assessment process those suppliers that offered products containing conflict
minerals for sale generally whether or not the Company actually purchased those products in 2015.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The Company next conducted a survey of these suppliers using an
adapted template developed by the Electronic Industry Citizenship Coalition (the &ldquo;EICC&rdquo;) and the Global e-Sustainability
Initiative (the &ldquo;GeSI&rdquo;), known as the Conflict Minerals Reporting Template.&nbsp;&nbsp;The template was developed
to facilitate disclosure and communication of information regarding smelters that provide material to a company&rsquo;s supply
chain.&nbsp;&nbsp;It includes questions regarding a company&rsquo;s conflict-free policy, engagement with its direct suppliers,
and a listing of the smelters the company and its suppliers use. In addition, the template contains questions about the origin
of conflict minerals included in their products, as well as supplier due diligence. A total of 120 suppliers were surveyed.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Through various follow-up efforts directly with suppliers, communications
by telephone and email, and repeat surveys, the Company received properly and fully completed templates from 75 suppliers providing
approximately 88.4% of the dollar volume of all purchases in 2015.&nbsp;&nbsp;The Company either did not receive properly or fully
completed templates as a response from 45 suppliers approximately 11.6% of the dollar volume of all purchases in 2015.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">From the templates that were complete and responsive:</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">68
                                         suppliers constituting 87.8% of the dollar volume of all purchases in 2015 indicated
                                         that none of the supplies included in the Covered Products contained conflict minerals
                                         originating in the Covered Countries;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">2
                                         suppliers constituting 0.1% of the dollar volume of all purchases in 2015 indicated that
                                         the supplies included in the Covered Products contained conflict minerals originating
                                         in the Covered Countries, but that the smelters were certified to be a conflict-free
                                         smelter and identified by the template based on listings of certifications by the Conflict-Free
                                         Sourcing Initiative; and</TD></TR></TABLE>

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

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">5
                                         suppliers constituting 0.5% of the dollar volume of all purchases in 2015, the supplier
                                         indicated that it was unable to state the country of origin of the conflict minerals
                                         in products it supplied to the Company.&nbsp;&nbsp;</FONT></TD></TR></TABLE>

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

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Step 3:&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Design and implement a strategy to respond to identified
risks</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">For the non-responsive suppliers, the Company reviewed additional
available information, both publicly available and generated in the course of the supply relationship, to determine if there exist
warning signs or other circumstances indicating that conflict minerals originated or may have originated in the Covered Countries.
There were no such warnings signs or other circumstances.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">As part of the risk mitigation process, we independently compared
the list of smelters/processors collected from suppliers and to the conflict-free smelter lists published by the Conflict-Free
Sourcing Initiative.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The working group has reported the results of the due diligence
to the Company&rsquo;s executive officers, as well as other management personnel involved in supply chain management, in order
to allow decision-makers to take action with respect the results.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The Company is in the process of devising and adopting a risk management
plan consistent with its policy if any conflict minerals from the Covered Countries are included in any products supplied to the
Company.&nbsp;&nbsp;Under the Company&rsquo;s policy, suppliers who do not comply with the Company&rsquo;s policy will be reviewed
for continuing business with the Company and the loss of that business may result.&nbsp;&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The Company intends to strengthen its conflict minerals supply chain
management as necessary to respond to newly identified or changed risks, to develop further assurances relating to the accuracy
of conflict minerals country of origin information, and to improve engagement with suppliers in the Company&rsquo;s compliance
efforts.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: -49.5pt; margin: 0pt 0 0pt 49.5pt">Step 4:&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Carry out independent
third-party audit of smelter/refiner&rsquo;s due diligence practices</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">We do not perform audits of any smelter/refiner&rsquo;s due diligence
practices. Clearfield is relying on the Conflict-Free Sourcing Initiative&rsquo;s published lists to verify the conflict-free status
of smelters/processors that source from Covered Countries.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Step 5:&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Report annually on supply chain due diligence</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><FONT STYLE="background-color: white">This Report (and the related
Form SD) has been filed with the SEC and is publicly available </FONT>on the Company&rsquo;s website at <U>www.clearfieldconnection.com</U>
by following the link under &ldquo;Products.&rdquo;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>IV.</B></TD><TD STYLE="text-align: justify"><B>Product Determination</B></TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">On the basis of the measures described above, the Company has determined
that the Covered Products manufactured or contracted for manufacture during calendar year 2015 are considered to be DRC conflict
undeterminable. The Company is making this determination because it does not have sufficient information from suppliers or other
sources at this time to determine the facilities used to process the necessary conflict minerals in the Covered Products, the
country of origin of the necessary conflict minerals in the Covered Products and the mine or location of origin of such conflict
minerals with the greatest possible specificity.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>V.</B></TD><TD STYLE="text-align: justify"><B>Product Description</B></TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">The Covered Products, which are those products subject to the disclosure,
are described above.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Two suppliers identified a single facility used to process the
necessary conflict minerals in the supplies included in the Covered Products: Malaysia Smelting Corporation, which produces tin
included in our cable assemblies, cabinets and panels products.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Our efforts to determine the mine or location of origin with the
greatest possible specificity are set forth above.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>VI.</B></TD><TD STYLE="text-align: justify"><B>Steps to Improve Due Diligence</B></TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">We expect to continue to communicate our expectations and information
requirements to our direct suppliers. We also expect to continue to monitor changes in circumstances that may impact the facts
or our determination. Over time, we anticipate that the amount of information globally on the traceability and sourcing of these
ores will increase and improve our knowledge. We will continue to make inquiries to our direct suppliers and undertake additional
risk assessments when potentially relevant changes in facts or circumstances are identified. We expect our suppliers to take similar
due diligence measures with their suppliers to ensure management throughout the supply chain.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>VII.</B></TD><TD STYLE="text-align: justify"><B>Independent Private Sector
                                         Audit </B></TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Pursuant to SEC rules and related guidance, an independent private
sector audit of this Report was not required for calendar year 2015.</P>



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<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">5</P>

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