<SEC-DOCUMENT>0001174947-22-001235.txt : 20221128
<SEC-HEADER>0001174947-22-001235.hdr.sgml : 20221128
<ACCEPTANCE-DATETIME>20221128170058
ACCESSION NUMBER:		0001174947-22-001235
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20221215
FILED AS OF DATE:		20221128
DATE AS OF CHANGE:		20221128

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EVI INDUSTRIES, INC.
		CENTRAL INDEX KEY:			0000065312
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PERSONAL SERVICES [7200]
		IRS NUMBER:				112014231
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14757
		FILM NUMBER:		221426370

	BUSINESS ADDRESS:	
		STREET 1:		4500 BISCAYNE BOULEVARD
		STREET 2:		SUITE 340
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33137
		BUSINESS PHONE:		3054029300

	MAIL ADDRESS:	
		STREET 1:		4500 BISCAYNE BOULEVARD
		STREET 2:		SUITE 340
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33137

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EnviroStar, Inc.
		DATE OF NAME CHANGE:	20100514

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DRYCLEAN USA INC
		DATE OF NAME CHANGE:	20000210

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	METRO TEL CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>def14a-60147_evi.htm
<DESCRIPTION>DEF 14A
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 10pt 0 0; text-align: center"><B>SCHEDULE 14A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center"><B>Proxy Statement Pursuant to Section&nbsp;14(a)
of </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>The Securities Exchange Act of 1934 (Amendment No.
&nbsp;&nbsp;&nbsp;)</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 10pt 0 8pt">Filed by the Registrant &#9746;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 10pt 0 8pt">Filed by a Party other than the Registrant &#9744;</P>

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

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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Preliminary Proxy Statement</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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: 48px; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9746;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Definitive Proxy Statement</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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: 48px; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Definitive Additional Materials</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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: 48px; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Soliciting Material Pursuant to &sect;240.14a-12</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; border-bottom: Black 0.5pt solid; text-align: center"><B>EVI Industries, Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Name of Registrant as Specified in Its Charter)</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Name of Person(s) Filing Proxy Statement, if other
than the Registrant)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 10pt 0">Payment of Filing Fee (Check the appropriate box):</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: 48px; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9746;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No fee required.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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: 48px; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fee paid previously with preliminary materials.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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: 48px; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><FONT STYLE="text-transform: uppercase"><B>EVI
Industries, Inc.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>4500 Biscayne Blvd., Suite
340</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>Miami, Florida 33137</B>&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">November 28, 2022</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">Dear Stockholder:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 24.5pt; background-color: white">You
are cordially invited to attend the 2022 Annual Meeting of Stockholders of EVI Industries, Inc., which will be held on December 15, 2022
at 11:00 a.m., Eastern time, for the purposes described in the attached Notice of Meeting and Proxy Statement.&nbsp;The Annual Meeting
will be held in a virtual format only, via webcast at <I>www.meetnow.global/M5ZLGMU</I>. While there will not be a physical meeting location
and stockholders will not be able to attend the Annual Meeting in person, stockholders may attend the Annual Meeting virtually via the
Internet.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 24.5pt; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 24.5pt; background-color: white">Please
read the attached Notice of Meeting and Proxy Statement so that you will know what we plan to do at the Annual Meeting and for information
regarding how to attend the Annual Meeting virtually. Also, please complete, sign and return the accompanying proxy card in the postage-paid
envelope or, if your shares are held in &ldquo;street name,&rdquo; complete, sign and return the voting instruction form that you received
from your broker, bank or other nominee. This way, your shares will be voted as you direct even if you do not or cannot attend and vote
your shares electronically at the virtual Annual Meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 24.5pt; background-color: white">On behalf
of your Board of Directors and our employees, I would like to express our appreciation for your continued support.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">Sincerely, </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 58px; width: 196px"></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Henry M. Nahmad</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Chairman of the Board </FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><FONT STYLE="text-transform: uppercase"><B>EVI
Industries, Inc.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>4500 Biscayne Blvd., Suite
340</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>Miami, Florida 33137</B>&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>To Be Held on December
15, 2022</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 24.5pt; background-color: white">Notice
is hereby given that the Annual Meeting of Stockholders of EVI Industries, Inc. (the &ldquo;Company&rdquo;) will be held on December 15,
2022, commencing at 11:00 a.m., Eastern time, for the following purposes:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 24.5pt; background-color: white">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
elect six directors to the Company&rsquo;s Board of Directors to serve until the Company&rsquo;s 2023 Annual Meeting of Stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 24.5pt; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 24.5pt; background-color: white">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
vote, on a non-binding advisory basis, on the compensation of the Company&rsquo;s Named Executive Officers, as disclosed in the section
of the accompanying Proxy Statement entitled &ldquo;Named Executive Officer Compensation.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 24.5pt; background-color: white">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
transact such other business as may properly be brought before the Annual Meeting or any adjournment or postponement thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 24.5pt">In order to provide access to
the Company&rsquo;s stockholders regardless of geographic location, the Annual Meeting will be held in a virtual format only, via webcast
at <I>www.meetnow.global/M5ZLGMU</I>. While there will not be a physical meeting location and stockholders will not be able to attend
the Annual Meeting in person, stockholders may attend the Annual Meeting virtually via the Internet.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 24.5pt">Please read the attached Proxy
Statement, which forms a part of this Notice of Meeting, for additional information regarding the Annual Meeting, including information
regarding the matters to be voted upon at the Annual Meeting and information regarding how to attend the Annual Meeting virtually.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 24.5pt; background-color: white">Only
record holders of the Company&rsquo;s Common Stock as of the close of business on November 18, 2022 are entitled to notice of, and to
vote at, the Annual Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">Sincerely yours, </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 58px; width: 196px"></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Henry M. Nahmad</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Chairman of the Board </FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">Miami, Florida</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">November 28, 2022</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><B>IMPORTANT: EVEN IF YOU
PLAN TO ATTEND THE VIRTUAL ANNUAL MEETING, YOU ARE ENCOURAGED TO VOTE YOUR SHARES BY COMPLETING, SIGNING, DATING AND RETURNING THE ENCLOSED
PROXY CARD OR, IF YOUR SHARES ARE HELD IN &ldquo;STREET NAME,&rdquo; YOUR VOTING INSTRUCTION FORM.&nbsp;<FONT STYLE="text-transform: uppercase">THIS
WAY, YOUR SHARES WILL BE VOTED AS YOU DIRECT EVEN IF YOU DO NOT OR CANNOT ATTEND AND VOTE YOUR SHARES ELECTRONICALLY AT THE VIRTUAL ANNUAL
MEETING.</FONT>&nbsp;NO POSTAGE IS REQUIRED FOR THE PROXY CARD IF MAILED IN THE UNITED STATES USING THE ENCLOSED ENVELOPE.</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><FONT STYLE="text-transform: uppercase"><B>EVI
Industries, Inc.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>4500 Biscayne Blvd., Suite
340</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>Miami, Florida 33137</B>&nbsp;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">The
Board of Directors of EVI Industries, Inc. (the &ldquo;Company&rdquo;) is soliciting proxies to be used at the 2022 Annual Meeting of
Stockholders of the Company (the &ldquo;Annual Meeting&rdquo;) to be on December 15, 2022, commencing at 11:00 a.m., Eastern time, and
at any and all postponements or adjournments of the Annual Meeting, for the purposes set forth in the accompanying Notice of Meeting.
In order to provide access to the Company&rsquo;s stockholders regardless of geographic location, the Annual Meeting will be held in a
virtual format only, via webcast, with no physical, in-person meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">This
Proxy Statement and the accompanying Notice of Meeting and proxy card are first being mailed to stockholders on or about November 28,
2022.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>QUESTIONS AND ANSWERS ABOUT
THE PROXY MATERIALS<BR>
AND THE ANNUAL MEETING</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><B>What is the purpose of the Annual Meeting?</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">At the
Annual Meeting, stockholders will be asked to vote upon the election of six directors to the Company&rsquo;s Board of Directors, each
for a term expiring at the Company&rsquo;s 2023 Annual Meeting of Stockholders, and to vote, on a non-binding advisory basis, on the compensation
of the Company&rsquo;s Named Executive Officers (as hereinafter defined). In addition, although the Board of Directors is not aware of
any other matters to be presented at the Annual Meeting, if any other matters are properly brought before the Annual Meeting, stockholders
will be asked to consider and vote upon such matters.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Who is entitled to vote at the Annual Meeting?</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">Record
holders of the Company&rsquo;s Common Stock as of the close of business on November 18, 2022 (the &ldquo;Record Date&rdquo;) may vote
at the Annual Meeting. As of the close of business on the Record Date, 13,797,469 shares of the Company&rsquo;s Common Stock were outstanding
and, thus, will be eligible to vote at the Annual Meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><B>What are the voting rights of the holders of
the Company&rsquo;s Common Stock?</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">Holders
of the Company&rsquo;s Common Stock are entitled to one vote per share on each matter considered at the Annual Meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><B>How can I attend the Annual
Meeting?</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">In order
to provide access to the Company&rsquo;s stockholders regardless of geographic location, the Annual Meeting will be held in a virtual
format only, live via webcast. While there will not be a physical, in-person meeting for you to attend, the format of the virtual Annual
Meeting has been designed in an attempt to provide stockholders the same rights and opportunities to participate in the Annual Meeting,
including the right to vote and the ability to ask questions, as they would have at an in-person meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">You will
be able to attend the Annual Meeting online by visiting&nbsp;<I>www.meetnow.global/M5ZLGMU</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">If you
are a shareholder of record, your 15-digit control number is set forth on your proxy card that accompanies this Proxy Statement.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">If you
hold your shares in &ldquo;street name&rdquo; through an intermediary, such as a bank or broker, you must register in advance in order
to receive your 15-digit control number and attend the virtual Annual Meeting. To register, you must submit proof of your proxy power
(legal proxy) reflecting your Company holdings, including the email from your broker or an attached image of the legal proxy, along with
your name and email address to Computershare by email to&nbsp;<U>legalproxy@computershare.com</U>. The subject line of your email request
for registration must be labeled as &ldquo;Legal Proxy&rdquo; and be received no later than 5:00 p.m., Eastern time, on December 12, 2022.
After your registration materials are received and processed, you will receive a confirmation email from Computershare of your registration,
which will contain your 15-digit control number necessary to access the meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">The meeting
will begin promptly at 11:00 a.m., Eastern time, on December 15, 2022. It is recommended that you log in at least 15 minutes before the
virtual Annual Meeting begins to ensure ample time to complete the check-in procedures and test your computer system. You should carefully
review the procedures needed to gain admission in advance. The meeting site will contain a troubleshooting/online assistance link which
will be available to you if you encounter any difficulties accessing the virtual Annual Meeting during check-in or during the meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><B>How do I submit questions
for the Annual Meeting?</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 0.5in">Stockholders
who attend the virtual Annual Meeting, as described above, will be able to submit questions for the Annual Meeting on the virtual meeting
site. Any questions must be confined to the specific matters to be considered at the Annual Meeting or otherwise relate to the business
or performance of the Company. The question and answer session will follow the formal portion of the Annual Meeting and will be subject
to time constraints. Questions may be grouped by topic, and substantially similar questions may be grouped and answered once.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><B>What constitutes a quorum?</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The presence, virtually in person
or by proxy, of at least a majority of the shares of the Company&rsquo;s Common Stock issued and outstanding as of the close of business
on the Record Date will constitute a quorum and is necessary to transact business at the Annual Meeting. Abstentions and &ldquo;broker
non-votes,&rdquo; if any, will be included in determining the presence of a quorum at the Annual Meeting. If there are not sufficient
shares represented for a quorum, then the Annual Meeting may be adjourned or postponed from time to time until a quorum is established.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><B>What is the difference between a stockholder
of record and a &ldquo;street name&rdquo; holder?</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">If your
shares are registered directly in your name with Computershare, the Company&rsquo;s stock transfer agent, you are considered the stockholder
of record with respect to those shares. If your shares are held in a stock brokerage account or by a bank or other nominee, you are considered
the beneficial owner of the shares but not the stockholder of record, and your shares are held in &ldquo;street name.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><B>How do I vote my shares?</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white"><I>Record
stockholders</I>. If you are a stockholder of record, you can give a proxy to be voted at the Annual Meeting by mailing the enclosed proxy
card. If you return your proxy card by mail, please ensure you leave enough time for your proxy card to be mailed and received. Stockholders
of record may also attend the virtual Annual Meeting (as described above) and vote their shares electronically during the virtual Annual
Meeting up until the closing of the polls. Even if you plan to attend the virtual Annual Meeting, you are encouraged to vote in advance
by signing, dating and returning the enclosed proxy card, so that your vote will be counted if you later decide not to, or are otherwise
unable to, attend the virtual Annual Meeting.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white"><I>&ldquo;Street
name&rdquo; holders</I>. If you hold your shares in &ldquo;street name,&rdquo; you will receive instructions from your broker, bank or
other nominee as to how to vote your shares or submit instructions to vote your shares. You should instruct your broker, bank or other
nominee how to vote your shares by following the directions provided by your broker, bank or other nominee. If you return your voting
instruction form by mail, please ensure you leave enough time for your voting instruction form to be received by the deadline provided
by your broker, bank or other nominee. If you are a &ldquo;street name&rdquo; holder, you may attend the virtual Annual Meeting and vote
the shares beneficially held by you through your broker, bank or other nominee electronically at the virtual Annual Meeting only if you
obtain a legal proxy from your broker, bank or other nominee and register to attend the virtual Annual Meeting as described above.</P>

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

<DIV STYLE="padding: 0in; border: white 1pt solid">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in"><B>What are my choices when
voting?</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">With respect to the election
of directors, you may vote for all of the director nominees, or your vote may be withheld with respect to one or more of the director
nominees. The proposal related to the election of directors is described in this Proxy Statement beginning on page 10.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In addition, you may vote
for or against, or abstain from voting on, the compensation of the Company&rsquo;s Named Executive Officers. The proposal relating to
the compensation of the Company&rsquo;s Named Executive Officers is described in this Proxy Statement on page 21.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in"><B>What is the Board&rsquo;s
voting recommendation?</B></P>

</DIV>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Board of Directors recommends
that you vote your shares <B>FOR ALL</B> of the director nominees and <B>FOR</B> the approval of the compensation of the Company&rsquo;s
Named Executive Officers.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><B>What if I do not specify on my proxy card how
I want my shares voted?</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">If you execute and mail in your
proxy card but do not specify on your proxy card how you want to vote your shares, your shares will be voted <B>FOR ALL</B> of the director
nominees and <B>FOR</B> the approval of the compensation of the Company&rsquo;s Named Executive Officers. Although the Board of Directors
is not aware of any other matters to be presented at the Annual Meeting, if any other matters are properly brought before the Annual Meeting,
the individuals named in the enclosed proxy card (or their substitutes if they are unavailable) will vote the proxies in accordance with
their judgment on those matters.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><B>Can I change my vote?</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Yes. You can change your vote
or revoke your proxy at any time before your proxy is voted at the Annual Meeting. If you are the record owner of your shares, you can
revoke your proxy by sending a signed written notice to the Company&rsquo;s President stating that you would like to revoke your proxy.
Record holders can change their vote by submitting a new valid proxy bearing a later date or by attending and voting their shares electronically
at the virtual Annual Meeting as described above. See &ldquo;How do I vote my shares? &ndash; Record Stockholders.&rdquo; However, attendance
at the virtual Annual Meeting will not, in and of itself, constitute revocation of a previously executed proxy.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">If you are not the record owner
of your shares and your shares are held in &ldquo;street name,&rdquo; you must contact your broker, bank or other nominee to find out
how to change your vote</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>What vote is required for each proposal to be approved?</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company&rsquo;s directors
are elected by plurality vote, meaning that the six director nominees receiving the greatest number of votes for election will be elected.
A properly executed proxy marked to withhold a vote with respect to the election of one or more director nominees will not be voted with
respect to the nominee or nominees indicated, although it will be counted for purposes of determining whether or not a quorum exists.
Provided a quorum exists, failures to vote will not have any impact on the election of directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The compensation of the Company&rsquo;s
Named Executive Officers will be approved, on a non-binding advisory basis, if it receives the affirmative vote of a majority of the shares
of the Company&rsquo;s Common Stock present, virtually in person or by proxy, at the Annual Meeting and entitled to vote on the proposal.
The vote on the compensation of the Company&rsquo;s Named Executive Officers is advisory only and will not be binding upon the Company
or its Board of Directors or Compensation Committee.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Abstentions will be counted for
purposes of determining whether or not a quorum exists and will effectively count as votes against the proposal related to the compensation
of the Company&rsquo;s Named Executive Officers. Provided a quorum exists, failures to vote will not have any impact either proposal.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>If my shares are held in street name, will my broker,
bank or other nominee vote my shares for me?</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">No. If
you hold your shares in &ldquo;street name&rdquo; through a broker, bank or other nominee, whether your broker, bank or other nominee
may vote your shares in its discretion depends on the proposals before the Annual Meeting. The Company&rsquo;s Common Stock is listed
for trading on the NYSE American. Under the rules of the NYSE American, if you do not provide your broker, bank or other nominee with
voting instructions with respect to your shares, your broker, bank or other nominee will not have discretion to vote your shares for you
either matter expected to be voted upon at the Annual Meeting. Accordingly, it is important that &ldquo;street name&rdquo; holders give
voting instructions to their broker, bank or other nominee by following the voting instructions received from their broker, bank or other
nominee.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><B>What are broker non-votes?</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">When
a broker, bank or other nominee has discretion to vote on one or more proposals at a meeting but does not have discretion to vote on other
matters at the meeting, the broker, bank or other nominee will inform the inspector of election that it does not have the authority to
vote on certain matters with respect to shares held for beneficial owners who did not provide voting instructions on those matters. This
is generally referred to as a &ldquo;broker non-vote.&rdquo; Because brokers, banks and other nominees will not have discretion to vote
on any items of business at the Annual Meeting if they have not received voting instructions from their clients, there will not be &ldquo;broker
non-votes&rdquo; on any matter presented at the Annual Meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><B>Are there any other matters to be acted upon
at the Annual Meeting?</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">The Company
does not know of any matters to be presented or acted upon at the Annual Meeting other than the election of directors. If any other matter
is presented at the Annual Meeting on which a vote may properly be taken, the shares represented by proxies will be voted in accordance
with the judgment of the person or persons voting those shares.</P>

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


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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Pursuant to the Company&rsquo;s
Amended and Restated Bylaws and Delaware law, the Company&rsquo;s business and affairs are managed under the direction of the Company&rsquo;s
Board of Directors. Directors are kept informed of the Company&rsquo;s business through discussions with management, including the Company&rsquo;s
Chief Executive Officer and other officers, by reviewing materials provided to them, and by participating in meetings of the Board of
Directors and its committees.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company&rsquo;s Common Stock
is listed for trading on the NYSE American. As described in further detail under &ldquo;Certain Relationships and Related Transactions
&ndash; Controlled Company&rdquo; below, the Company&rsquo;s management, including Henry M. Nahmad, the Company&rsquo;s Chairman, Chief
Executive Officer and President, and the Company&rsquo;s Board of Directors pursuant to stockholders agreements entered into in connection
with business acquisitions previously effected by the Company, has the power to vote shares representing a majority of the total voting
power of the Company. Accordingly, the Company is considered a &ldquo;controlled company&rdquo; under the rules of the NYSE American.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As a &ldquo;controlled company,&rdquo;
the Company is exempt from certain rules and requirements of the NYSE American related to corporate governance matters, including the
rules requiring that (i) the Company&rsquo;s Board of Directors be comprised of at least a majority of independent directors, (ii) the
compensation of the Company&rsquo;s executive officers be determined, or recommended to the Board of Directors for determination, either
by a compensation committee comprised of independent directors or by a majority of the independent directors, and (iii) nominations for
election to the Company&rsquo;s Board of Directors be either selected, or recommended for the Board of Directors&rsquo; selection, by
either a nominating committee comprised solely of independent directors or by a majority of the independent directors. However, the Company&rsquo;s
Board of Directors is currently, and historically generally has been, comprised of a majority of independent directors. In addition, the
Company has a standing Compensation Committee comprised solely of independent directors which, among other things, determines the compensation
of the Company&rsquo;s Chief Executive Officer and determines, or recommends to the Board of Directors the determination of, the compensation
of the Company&rsquo;s other executive officers. The Compensation Committee also serves as the administrative committee for the Company&rsquo;s
2015 Equity Incentive Plan, as amended (the &ldquo;Equity Incentive Plan&rdquo;).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company&rsquo;s Board of Directors
has determined that David Blyer, Glen Kruger, Timothy P. LaMacchia and Hal M. Lucas, who together comprise a majority of the Board of
Directors, are independent. For purposes of making its independence determinations, the Board of Directors used the definition of independence
set forth in the rules of the NYSE American.</P>

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

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

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

<DIV STYLE="padding: 0in; border: white 1pt solid">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company&rsquo;s Board
met eight times during the fiscal year ended June 30, 2022 (&ldquo;fiscal 2022&rdquo;). Each member of the Board of Directors attended
at least 75% of the meetings of the Board and committees on which he served during fiscal 2022.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">It is the Company&rsquo;s
policy that, absent extenuating circumstances, the Company&rsquo;s directors attend meetings of stockholders. All six of the Company&rsquo;s
directors attended the Company&rsquo;s 2021 Annual Meeting of Stockholders.</P>

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

</DIV>


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

<DIV STYLE="padding: 0in; border: white 1pt solid">

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company&rsquo;s Board
of Directors has a standing Audit Committee. The Audit Committee is comprised of Timothy P. LaMacchia, Chairman, and Glen Kruger. As permitted
by the Audit Committee&rsquo;s charter and by the listing standards of the NYSE American due to the Company qualifying as a &ldquo;smaller
reporting company&rdquo; under Regulation S-K promulgated by the SEC, the Audit Committee is permitted to be comprised of just two members.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Board has determined that
each member of the Audit Committee is &ldquo;financially literate&rdquo; and &ldquo;independent&rdquo; within the meaning of rules of
the NYSE American (including, with respect to their independence, the additional independence requirements applicable to audit committee
members thereunder) and applicable Securities and Exchange Commission (&ldquo;SEC&rdquo;) rules and regulations. In addition, the Board
determined that Mr. LaMacchia qualifies as an &ldquo;audit committee financial expert,&rdquo; as defined under Item 407 of Regulation
S-K promulgated by the SEC. The Audit Committee held four meetings during fiscal 2022.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Audit Committee operates
under a written charter adopted by the Board, which the Audit Committee reviews and assesses at least annually. If the Audit Committee
deems it to be appropriate, the Audit Committee may amend, or recommend to the full Board amendments to, the Audit Committee charter.
The Audit Committee charter is posted in the &ldquo;Investors &ndash; Corporate Governance &ndash; Governance Documents&rdquo; section
of the Company&rsquo;s website at <I>www.evi-ind.com</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Pursuant to its charter, the
Audit Committee provides assistance to the Board in fulfilling the Board&rsquo;s oversight responsibilities with respect to accounting,
auditing, financial reporting practices and legal compliance. Under its charter, the Audit Committee reviews the financial reports and
other financial information provided by the Company to the SEC, the Company&rsquo;s systems of internal control over financial reporting,
and the Company&rsquo;s auditing, accounting and financial reporting processes generally. The Audit Committee also is responsible for
the appointment and retention of, and the Audit Committee reviews and appraises the performance, qualifications and independence of, the
Company&rsquo;s independent registered public accounting firm, and the Audit Committee approves the fees and other compensation paid to
the Company&rsquo;s independent registered public accounting firm. A report from the Audit Committee is included in this Proxy Statement
on page 23.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company&rsquo;s Board
of Directors has a standing Compensation Committee. The Compensation Committee is comprised of Hal M. Lucas, Chairman, and David Blyer.
The Company&rsquo;s Board of Directors has determined that each member of the Compensation Committee is &ldquo;independent,&rdquo; within
the meaning of the rules of the NYSE American (including the additional independence requirements applicable to compensation committee
members thereunder). The Compensation Committee held two meetings during fiscal 2022.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Compensation Committee
operates under a written charter adopted by the Board, which the Compensation Committee reviews and assesses at least annually. If the
Compensation Committee deems it to be appropriate, the Compensation Committee will recommend to the full Board changes to the Compensation
Committee charter. The Compensation Committee charter is posted in the &ldquo;Investors &ndash; Corporate Governance &ndash; Governance
Documents&rdquo; section of the Company&rsquo;s website at <I>www.evi-ind.com</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Among other responsibilities
set forth in its charter, the Compensation Committee determines the compensation, including base salary and incentive compensation, of
the Company&rsquo;s Chief Executive Officer and, with the input and assistance of the Company&rsquo;s Chief Executive Officer, determines,
or recommends to the full Board, the compensation, including base salary and incentive compensation, of the Company&rsquo;s other executive
officers. The Company&rsquo;s executive compensation program is designed to align the interests of the Company&rsquo;s executive officers
with those of stockholders, reward performance and long-term value creation, recognize the individual performance, skills and responsibilities
of each executive officer, and attract, retain, </P></DIV>

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<DIV STYLE="border: white 1pt solid; padding: 0in"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">motivate and reward executive officers who have the experience and ability to conceive
and successfully execute the Company&rsquo;s business strategies. The Compensation Committee reviews the Company&rsquo;s executive compensation
practices as considered to be necessary with a goal of assuring the fairness of the Company&rsquo;s executive compensation and its support
of the strategic goals of the Company. The Compensation Committee also recommends to the full Board, with the input and assistance of
the Company&rsquo;s Chief Executive Officer, the compensation of the Company&rsquo;s directors and, subject to any permitted delegation,
administers the Company&rsquo;s Equity Incentive Plan and the Company&rsquo;s 2017 Employee Stock Purchase Plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Pursuant to its charter, the
Compensation Committee has the authority to retain consultants to assist the Compensation Committee in its evaluation of executive compensation,
as well as the authority to approve any such consultant&rsquo;s fees and retention terms. The Compensation Committee did not utilize the
services of any executive compensation consultants for fiscal 2022.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in"><U>No Standing Nominating Committee</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As described above, as a &ldquo;controlled
company&rdquo; under the rules of the NYSE American, nominees for director of the Company are not required to be selected or recommended
to the Board by either a standing nominating committee comprised solely of independent directors or by a majority of the Company&rsquo;s
independent directors. The Company does not have a standing nominating committee nor are directors required to be selected or recommended
by a majority of the Company&rsquo;s independent directors. Instead, the full Board of Directors participates in the consideration of
director nominees. The Board believes this structure to be appropriate because, as described above, the Company&rsquo;s management has
voting power over more than 50% of the Company&rsquo;s outstanding Common Stock and, therefore, is in a position to control the election
of the Company&rsquo;s directors. The Board does not have a charter governing its nomination process.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">While the Board will consider
nominees recommended by stockholders, it has not actively solicited recommendations from stockholders. Although the Board has not established
specific minimum qualifications, or specific qualities or skills for prospective nominees, the Board, in evaluating director nominees,
generally considers, among other things, a potential nominee&rsquo;s financial and business experience, educational background, understanding
of the Company&rsquo;s business and industry, skills that would complement rather than duplicate skills of existing Board members, demonstrated
ability in his or her professional field, integrity and reputation, willingness to work productively with other members of the Board and
represent the interests of stockholders as a whole, and time availability to perform the duties of a director. The Board considers these
factors in light of the then-current size and composition of the Board. Although the Company does not have a formal diversity policy and
does not follow any ratio or formula with respect to diversity in order to determine the appropriate composition of the Board, when considering
a prospective nominee, the Board will generally take into account diversity of skills, experience and other qualities of the nominee that
the Board believes can contribute to the success of the Company. No weight is assigned to any of the factors described above, and the
Board may change its emphasis on certain of these factors from time to time in light of the needs of the Company at the time. The Board
will evaluate nominees of stockholders using the same criteria as it uses in evaluating other nominees to the Board.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9;</FONT>Under
the Company&rsquo;s Amended and Restated Bylaws, nominations for directors may be made only by or at the direction of the Board of Directors,
or by a stockholder entitled to vote who delivers written notice (along with certain additional information specified in the Company&rsquo;s
Amended and Restated Bylaws) not less than 90 nor more than 120 days prior to the first anniversary of the preceding year&rsquo;s annual
meeting of stockholders. However, if the date of the Company&rsquo;s annual meeting of stockholders changes by more than 30 days from
the date of the preceding year&rsquo;s annual meeting of stockholders, written notice of a director nomination must be received by the
Company within ten days after the Company first mails notice of or publicly discloses the date of the annual meeting of stockholders.
For the Company&rsquo;s 2023 Annual Meeting of Stockholders, the Company must receive stockholder notice of a director nomination (i)
between August 17, 2023 and September 16, 2023 or (ii) if the Company&rsquo;s 2023 Annual Meeting of Stockholders is held more than 30
days before or after December 15, 2023, within ten days after the Company first mails notice of or publicly discloses the date of the
meeting.<FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>


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

</DIV>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The business of the Company is
managed under the direction of the Company&rsquo;s Board of Directors, which is elected by the Company&rsquo;s stockholders. The fundamental
responsibility of the Board is to lead the Company by exercising its business judgment to act in what each director believes to be the
best interests of the Company and its stockholders.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company&rsquo;s Board of Directors
does not have any formal policy on whether the same person should serve as both the Chief Executive Officer and Chairman of the Board,
as the Board believes that it should have the flexibility to make this determination at any given point in time in the way that it believes
best to provide appropriate leadership for the Company at that time. The Board&rsquo;s current leadership structure combines the position
of Chairman and Chief Executive Officer. The Board believes that in the context of its current operating and business environment, the
combined role of Chairman and Chief Executive Officer is appropriate because it results in unified leadership, accountability and continuity,
promotes strategic development and execution, and facilitates communication between management and the Board. Henry M. Nahmad has held
the dual position of Chairman and Chief Executive Officer since March 2015.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company&rsquo;s Board of Directors
is responsible for overseeing management and the business and affairs of the Company, which includes the oversight of risk. This oversight
is conducted at the Board level as well as through the Audit Committee, which oversees the Company&rsquo;s systems of internal control
over financial reporting, accounting, legal compliance and risk management, and the Compensation Committee, which reviews compensation
arrangements in an effort to, among other things, ensure that they do not encourage unnecessary or excessive risk taking. The Board as
a whole has responsibility for overseeing management&rsquo;s handling of the Company&rsquo;s strategic and operational risks. As appropriate
throughout the year, senior management reports to the Board the risks that it believes may be material to the Company, including those
disclosed in the Company&rsquo;s Annual Report on Form 10-K and other reports filed with the SEC. The goal of these processes is to achieve
serious and thoughtful Board-level attention to the nature of the material risks faced by the Company and the adequacy of the Company&rsquo;s
risk management processes and systems. While the Board recognizes that the risks which the Company faces are not static and that it is
not possible to identify or mitigate all risk and uncertainty all of the time, the Board believes that the Company&rsquo;s approach to
managing its risks provides the Board with the proper foundation and oversight perspective with respect to management of the material
risks facing the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Executive Sessions of Non-Management Directors</B></P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The independent directors
of the Company&rsquo;s Board of Directors meet at least annually, or more often as they determine to be necessary or advisable, in executive
session without the presence of non-independent directors and management.</P>

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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Stockholder Communications with the Board of Directors </B></P>

<DIV STYLE="padding: 0in; border: white 1pt solid">

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Stockholders may communicate
directly with the Company&rsquo;s Board of Directors or one or more specific directors by sending a written communication to the Board
or the director(s) to whom the communication is directed, c/o the Company&rsquo;s President, 4500 Biscayne Blvd., Suite 340, Miami, Florida
33137. Except for communications that are (i) advertisements or promotional communications, (ii) related solely to complaints by users
of the Company&rsquo;s products or services that are ordinary course of business customer service and satisfaction issues or (iii) clearly
unrelated to the Company&rsquo;s business, industry or management, or Board or committee matters, the Company&rsquo;s President will forward
the communication to the Board or the director(s) to whom it is addressed, as the case may be, and, if the communication is not specifically
addressed to any one director or group of directors, make the communication available to each member of the Board at the Board&rsquo;s
next regularly scheduled meeting. Each stockholder writing should include a statement indicating that he, she or it is a stockholder of
the Company.</P>

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

</DIV>

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    <!-- Field: /Page -->

<DIV STYLE="border: white 1pt solid; padding: 0in"></DIV>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Code of Business Conduct and Ethics</B></P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company has adopted a
Code of Business Conduct and Ethics that applies to all of its directors, officers and employees. The Code of Business Conduct and Ethics
is supplemented by a Senior Financial Officer Code of Ethics that applies to the Company&rsquo;s Chief Executive Officer and any other
senior financial officers. The Code of Business Conduct and Ethics and the Senior Financial Officer Code of Ethics are posted in the &ldquo;Investors
&ndash; Corporate Governance &ndash; Governance Documents&rdquo; section of the Company&rsquo;s website at <I>www.evi-ind.com</I>. Any
amendments to, or waivers of, the Code of Business Conduct and Ethics or Senior Financial Officer Code of Ethics (in each case, to the
extent applicable to the Company&rsquo;s principal executive officer, principal financial officer or principal accounting officer) will
be posted on the Company&rsquo;s website or made available by other appropriate means as required or permitted under applicable rules
and regulations of the SEC and the NYSE American.</P>

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



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Section 16(a) Beneficial Ownership Reporting Compliance</B></P>

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


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">Section
16(a) of the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;), requires the Company&rsquo;s directors, executive
officers and 10% stockholders to file initial reports of ownership and reports of changes in ownership of the Company&rsquo;s Common Stock
and other equity securities, if any, with the SEC and the NYSE American. The Company&rsquo;s directors, executive officers and 10% stockholders
are required to furnish the Company with copies of all Section 16(a) reports they file. Based on a review of the copies of such reports
furnished to the Company and written representations from the Company&rsquo;s directors and executive officers that no other reports were
required, the Company believes that its directors, executive officers and 10% stockholders complied with all Section 16(a) filing requirements
applicable to them for fiscal 2022.</P>

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


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>PROPOSAL NO. 1 - ELECTION
OF DIRECTORS</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company&rsquo;s Amended and
Restated Bylaws provide that the Board of Directors shall consist of no less than three or more than nine directors, and for each director
to serve for a term expiring at the Company&rsquo;s next annual meeting of stockholders. The specific number of directors is set from
time to time by resolution of the Board. The Board of Directors currently consists of six directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Board has nominated all six
of its incumbent directors, Henry M. Nahmad, Dennis Mack, David Blyer, Glen Kruger, Timothy P. LaMacchia and Hal M. Lucas, for re-election
at the Annual Meeting. Each of the director nominees is nominated to serve for a term expiring at the Company&rsquo;s 2023 Annual Meeting
of Stockholders and has consented to serve for his term. If any director nominee should become unavailable to serve as a director, the
Board may designate a substitute nominee. In that case, the persons named as proxies will vote for the substitute nominee designated by
the Board.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>Nominees for Election as Directors</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>for Terms Expiring at the Company&rsquo;s 2023
Annual Meeting of Stockholders</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>HENRY M. NAHMAD </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Henry Nahmad, age 43, has served
as a director of the Company and as Chairman, Chief Executive Officer and President of the Company since March 2015. Prior to joining
the Company, Mr. Nahmad served as Chief Executive Officer of Chemstar Corp., a provider of food safety and sanitation solutions, from
July 2009 to March 2014. From 2001 to 2004 and from 2007 to 2009, Mr. Nahmad worked in various capacities at Watsco, Inc., the largest
distributor of HVAC/R products. The Board believes that Mr. Nahmad&rsquo;s knowledge, leadership skills, business relationships and experience,
including with respect to growth from acquisitions and other strategic transactions, make Mr. Nahmad a valuable member of the Board and
benefit the Company, including with respect to its business, operations and growth strategy.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Dennis Mack, age 78, has served
as Executive Vice President of the Company since October 2016 when he was appointed to such position in connection with the Company&rsquo;s
acquisition of Western State Design at that time. In December 2018, his corporate title was changed to Executive Vice President, Corporate
Strategy. Mr. Mack has also been a director of the Company since November 2016. Mr. Mack founded Western State Design in 1974 and has
served as its President since its inception. The Board believes that it benefits from Mr. Mack&rsquo;s knowledge of the commercial laundry
industry as well as his understanding of the operations, prospects, products, customers, suppliers and employees of Western State Design.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">David Blyer, age 62, has served
as a director of the Company since 1998. Since April 2017, Mr. Blyer has served as President and Chief Executive Officer of Arreva LLC,
which provides software to serve the fundraising and donor relationship management needs of nonprofit organizations. Arreva is the successor
by merger to DonorCommunity Inc., a company founded by Mr. Blyer which provided a software platform to non-profit organizations to assist
in their operational and fundraising activities. Mr. Blyer served as President and Chief Executive Officer of DonorCommunity from August
2010 until the time of its merger with Telosa Software to form Arreva. Mr. Blyer was Co-Chairman of Stone Profiles LLC (formerly Profiles
in Concrete, Inc.), a manufacturer and installer of architectural cast stone for the residential and commercial construction markets,
from January 2005 until March 2010. From July 2002 until January 2005, Mr. Blyer was an independent consultant. Mr. Blyer was Chief Executive
Officer and President of Vento Software, Inc., a developer of software for specialized business applications, from 1994, when he co-founded
Vento, until November 1999, when Vento was acquired by SPSS Inc., a computer software company that developed and distributed technology
for the analysis of data in decision-making and which merged with a subsidiary of </P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">IBM in 2010. From November 1999 until December 2000,
Mr. Blyer served as Vice President of Vento and, from January 2001 until July 2002, he served as President of the Enabling Technology
Division of SPSS. The Board believes that Mr. Blyer brings to the Board broad experience in developing sales and marketing strategies,
in addition to business operations skills gained through his founding and running of a number of diverse companies as well as his leading
of a division of SPSS, which at the time was a publicly-held company. Mr. Blyer has an MBA in finance.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Glen Kruger, age 47, has served
as a director of the Company since December 2019. From February 2017 until December 2021, Mr. Kruger served as Director, Investment Banking
at GCA Advisors, LLC, a global investment bank that provided strategic merger and acquisition, capital markets and private funds advisory
services to growth companies and market leaders. During December 2021, GCA Advisors was acquired by Houlihan Lokey, and Mr. Kruger has
served as Managing Director, Technology Investment since that acquisition. From February 2012 until he joined GCA Advisors in February
2017, Mr. Kruger was a Director, Investment Banking at KeyBanc Capital Markets. He received a BSc in Mechanical Engineering from the University
of Natal (South Africa) and an MBA from Babson College. The Board believes that Mr. Kruger is a valuable contributor to the Board based
on, among other things, his experience and expertise with respect to the capital markets and merger and acquisition transactions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>TIMOTHY P. L<FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">a</FONT>MACCHIA</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Timothy P. LaMacchia, age 60,
has served as a director of the Company since December 2017. Mr. LaMacchia is a private investor. He was a Partner at Ernst &amp; Young
LLP from 2002 until his retirement in June 2017. Prior to joining Ernst &amp; Young LLP, Mr. LaMacchia was a Partner at Arthur Andersen
LLP, where he was employed since 1986. The Board believes that Mr. LaMacchia provides meaningful insight to the Board and makes important
contributions to the Audit Committee, including as a result of his finance and accounting background.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>HAL M. LUCAS </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Hal M. Lucas, age 43, has served
as a director of the Company since 2015. Mr. Lucas is an attorney in private practice. He is a founding partner of the law firm of Lucas
Savitz P.L. (and its predecessor), where Mr. Lucas has practiced since 2011. Prior to that time, Mr. Lucas was an attorney at the law
firm of Astigarraga Davis Mullins &amp; Grossman, P.A. from 2008 to 2011 and at the law firm of Bilzin Sumberg Baena Price &amp; Axelrod
LLP from 2004 to 2008. Mr. Lucas also served as Of Counsel to Astigarraga Davis Mullins &amp; Grossman, P.A. from 2011 to 2013. Since
2019, Mr. Lucas has also served as a director and President of South Tip Holdings, LLC, a Miami, Florida-based hemp and CBD producer.
Mr. Lucas obtained his Juris Doctor degree from The University of Texas School of Law and a Bachelor&rsquo;s degree in economics and international
relations from The Johns Hopkins University. The Board believes that Mr. Lucas&rsquo; experience in legal and business matters gained
from his career as a practicing attorney and his service as President and a director of South Tip Holdings benefits the Company and makes
him a valuable asset to the Board.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>The Board of Directors Recommends that Stockholders
</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>Vote &ldquo;For&rdquo; the Election of All Six
Director Nominees.</I></B></P>

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


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The following individuals are
executive officers of the Company as of the date of this Proxy Statement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&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: 24%; padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt"><B><U>Name</U></B></FONT></TD>
    <TD STYLE="width: 76%; padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt"><B><U>Position</U></B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">Henry M. Nahmad</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">Chairman, Chief Executive Officer and President </FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">Dennis Mack</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">Executive Vice President, Corporate Strategy</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">Tom Marks</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">Executive Vice President, Business Development and President of West Region</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">Robert H. Lazar</FONT></TD>
    <TD STYLE="padding-right: 0; padding-left: 0"><FONT STYLE="font-size: 10pt">Chief Financial Officer and Chief Accounting Officer </FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">All executive officers serve until
they resign or are replaced or removed by the Board of Directors. Set forth below is certain biographical information for Messrs. Marks
and Lazar. Biographical information for Messrs. Nahmad and Mack is set forth in &ldquo;Proposal No. 1 &ndash; Election of Directors&rdquo;
above.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Tom Marks, age 63, has served
as Executive Vice President of the Company since October 2016 when he was appointed to such position in connection with the Company&rsquo;s
acquisition of Western State Design at that time. In December 2018, his corporate title was changed to Executive Vice President, Business
Development, and he was named President of the Company&rsquo;s West Region in January 2021. Mr. Marks has also been employed by Western
State Design since 1987, including as Executive Vice President since 2007.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Robert H. Lazar, age 58, was appointed
to serve as the Company&rsquo;s Chief Financial Officer in May 2017 after joining the Company as its Chief Accounting Officer and Vice
President of Finance in January 2017. Mr. Lazar previously served as Chief Accounting Officer and Vice President of Finance for Steiner
Leisure Limited, a provider of spa services and manufacturer and distributor of cosmetics, where he was employed since 2000. Prior to
joining Steiner Leisure Limited, Mr. Lazar worked in various capacities at Arthur Andersen LLP, including as Senior Manager from 1995
to 2000.</P>

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

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

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS</B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company&rsquo;s executive
officers and directors, including the Company&rsquo;s Board of Directors pursuant to stockholders agreements entered into in connection
with business acquisitions previously effected by the Company, may be deemed to beneficially own and have the power to vote a total of
8,960,763 shares of the Company&rsquo;s Common Stock, which represents approximately 65.1% of the total voting power of the Company. Included
in these shares are a total of 5,293,519 shares which Henry M. Nahmad, the Company&rsquo;s Chairman, Chief Executive Officer and President,
beneficially owns and has the power to vote, which includes (i) shares held directly by Mr. Nahmad, (ii) shares held by Symmetric Capital
and Symmetric Capital II, which Mr. Nahmad, as the Manager of each such entity, has the power to vote, and (iii) restricted shares previously
granted to Mr. Nahmad which he has the power to vote. Accordingly, the Company&rsquo;s management, including Mr. Nahmad and the Company&rsquo;s
Board of Directors, collectively have the voting power to control the election of the Company&rsquo;s directors and any other matter requiring
the affirmative vote or consent of a majority of the outstanding shares of the Company&rsquo;s Common Stock.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Certain of the Company&rsquo;s
subsidiaries lease warehouse and office space from one or more of the principals or former principals of the Company or its subsidiaries.
These leases include the following:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On October 10, 2016, the Company&rsquo;s
wholly-owned subsidiary, Western State Design, entered into a lease agreement pursuant to which it leases 17,600 square feet of warehouse
and office space from an affiliate of Dennis Mack, a director and Executive Vice President, Corporate Strategy of the Company, and Tom
Marks, Executive Vice President, Business Development and President of the West Region of the Company. The lease had an initial term of
five years and provides for two successive three-year renewal terms at the option of the Company. Monthly base rental payments were $12,000
during the initial term of the lease. The Company exercised its option to renew the lease for the first three-year renewal term, which
commenced in October 2021. Base rent for the first renewal term is $19,000 per month. In addition to base rent, Western State Design is
responsible under the lease for costs related to real estate taxes, utilities, maintenance, repairs and insurance. Payments under this
lease totaled approximately $207,000 and $144,000 and during fiscal 2022 and 2021, respectively.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On October 31, 2017, the Company&rsquo;s
wholly-owned subsidiary, Tri-State Technical Services, entered into lease agreements pursuant to which it leases a total of 81,000 square
feet of warehouse and office space from an affiliate of Matt Stephenson, President of Tri-State. Monthly base rental payments total $21,000
during the initial terms of the leases. In addition to base rent, Tri-State is responsible under the leases for costs related to real
estate taxes, utilities, maintenance, repairs and insurance. Each lease has an initial term of five years and provides for two successive
three-year renewal terms at the option of the Company. Payments under these leases totaled approximately $252,000 during each of fiscal
2022 and 2021.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On February 9, 2018, the Company&rsquo;s
wholly-owned subsidiary, AAdvantage Laundry Systems, entered into a lease agreement pursuant to which it leases a total of 5,000 square
feet of warehouse and office space from an affiliate of Mike Zuffinetti, former Chief Executive Officer of AAdvantage. Monthly base rental
payments are $4,000 during the initial term of this lease. AAdvantage also leases warehouse and office space from an affiliate of Mike
Zuffinetti under a separate lease agreement. Monthly base rental payments under this lease are $36,000. In addition to base rent, AAdvantage
is responsible under each of these leases for costs related to real estate taxes, utilities, maintenance, repairs and insurance. Each
lease has an initial term of five years and provides for two successive three-year renewal terms at the option of the Company. Payments
under the leases described in this paragraph totaled approximately $481,000 during each of fiscal 2022 and 2021.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On September 12, 2018, the Company&rsquo;s
wholly-owned subsidiary, Scott Equipment, entered into lease agreements pursuant to which it leases a total of 18,000 square feet of warehouse
and office space from an affiliate of Scott Martin, President of Scott Equipment. Monthly base rental payments total $11,000 during the
initial terms of the leases. In addition to base rent, Scott Equipment is responsible under the leases for costs related to real estate
taxes, utilities, maintenance, repairs and insurance. Each lease has an initial term of five years and provides for two successive three-year
renewal terms at the option of the Company. Payments under these leases totaled approximately $137,000 during each of fiscal 2022 and
2021.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On February 5, 2019, the Company&rsquo;s
wholly-owned subsidiary, PAC Industries, entered into two lease agreements pursuant to which it leases a total of 29,500 square feet of
warehouse and office space from an affiliate of Frank Costabile, former President of PAC Industries, and Rocco Costabile, former Director
of Finance of PAC Industries. Monthly base rental payments total $14,600 during the initial terms of the leases. In addition to base rent,
PAC Industries is responsible under the leases for costs related to real estate taxes, utilities, maintenance, repairs and insurance.
Each lease has an initial term of four years and provides for two successive three-year renewal terms at the option of the Company. Payments
under these leases totaled approximately $184,000 and $180,000 during fiscal 2022 and 2021, respectively.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On November 3, 2020, the Company&rsquo;s
wholly-owned subsidiary, YES, entered into a lease agreement pursuant to which it leases a total of 12,500 square feet of warehouse and
office space from an affiliate of Peter Limoncelli, President of YES. Monthly base rental payments total $11,000 during the initial term
of the lease. In addition to base rent, YES is responsible under the lease for costs related to real estate taxes, utilities, maintenance,
repairs and insurance. The lease has an initial term of three years and provides for three successive three-year renewal terms at the
option of the Company. Payments under this lease totaled approximately $142,000 and $92,000 during fiscal 2022 and 2021, respectively.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On February 7, 2022, the Company&rsquo;s
wholly-owned subsidiary, CLK, entered into two lease agreements pursuant to which it leases a total of 20,300 square feet of warehouse
and office space from an affiliate of William Kincaid, President of CLK. Monthly base rental payments total $20,000 during the initial
term of the lease. In addition to base rent, CLK is responsible under the lease for costs related to real estate taxes, utilities, maintenance,
repairs and insurance. The lease has an initial term of three years and provides for three successive three-year renewal terms at the
option of the Company. Payments under this lease totaled approximately $80,000 during fiscal 2022.</P>

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

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


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The following table sets forth
certain summary information concerning compensation which, for the fiscal years ended June 30, 2022 and 2021, the Company paid to, or
accrued on behalf of, Henry M. Nahmad, the Company&rsquo;s Chairman, Chief Executive Officer and President, and Tom Marks and Robert H.
Lazar, the Company&rsquo;s next two highest paid executive officers during the fiscal year ended June 30, 2022. Messrs. Nahmad, Marks
and Lazar are sometimes hereinafter referred to individually as a &ldquo;Named Executive Officer&rdquo; and collectively as the &ldquo;Named
Executive Officers.&rdquo;</P>

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

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

<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="white-space: nowrap; width: 22%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Name and Principal <BR>
Positions(1)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 7%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Fiscal</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Year</B></P></TD>
    <TD STYLE="white-space: nowrap; width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;Salary(2) </B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 9%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Bonus(5)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 10%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Stock <BR>
Awards(6)(7)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 7%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Option <BR>
Awards</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Non-<BR>
Equity<BR>
    Incentive </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Plan<BR>
    Compen-<BR>
sation</B></P></TD>
    <TD STYLE="white-space: nowrap; width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;Change in <BR>
Pension <BR>
Value and <BR>
Nonqualified <BR>
Deferred <BR>
Compensation <BR>
Earnings</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>All </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Other<BR>
    Compen-<BR>
sation</B></P></TD>
    <TD STYLE="white-space: nowrap; width: 9%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Total </B></FONT></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Henry M. Nahmad</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Chairman, Chief Executive <BR>
Officer and President</P></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">2022</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">2021</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">$607,692</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">$550,000</P></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">$550,000(3)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">-</P></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">$4,499,986</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">-</P></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">-</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">-</P></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">-</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">-</P></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">-</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">-</P></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">-</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">-</P></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">$5,657,678</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">$550,000</P></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Tom Marks</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Executive Vice President, <BR>
Business Development and <BR>
President of West Region</P></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">2022</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">2021</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">$400,000</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">$300,000</P></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">$150,000(4)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">$150,000(3)</P></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">-</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">$1,836,600</P></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">-</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">-</P></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">-</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">-</P></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">-</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">-</P></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">$8,700</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">$2,850</P></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">$558,700</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">$2,289,450</P></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Robert H. Lazar</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Chief Financial Officer and <BR>
Chief Accounting Officer</P></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">2022</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">2021</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">$231,923</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">$205,000</P></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">-</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">$40,000(3)</P></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">$254,999</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">$263,981</P></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">-</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">-</P></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">-</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">-</P></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">-</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">-</P></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">$6,500</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">-</P></TD>
    <TD STYLE="white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">$493,422</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">$508,981</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify">The Company does not have an employment agreement with any of the Named Executive Officers. The compensation
of the Named Executive Officers is determined by the Compensation Committee of the Board of Directors. Each Named Executive Officer receives
an annual base salary and may receive bonuses, in cash and/or equity awards, pursuant to bonus plans which may established from time to
time by the Compensation Committee or otherwise at the discretion of the Compensation Committee. Equity awards, if any, are granted under
the Company&rsquo;s Equity Incentive Plan. The Named Executive Officers are also provided certain benefits, including health and welfare
benefits and the right to participate in the Company&rsquo;s participatory Section 401(k) Profit Sharing Plan described below, on the
same basis as the Company&rsquo;s other employees.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD STYLE="text-align: justify">Represents the annual base salary paid to the Named Executive Officer during the applicable fiscal year.
Each Named Executive Officer's annual base salary is subject to adjustment from time to time at the discretion of the Compensation Committee.
Upon the approval of the Compensation Committee, (i) effective November 19, 2021, the annual base salary of Mr. Nahmad was increased from
$550,000 to $650,000, (ii) effective July 1, 2021, the annual base salary of Mr. Marks was increased from $300,000 to $400,000, and (iii)
effective September 13, 2021, the annual base salary of Mr. Lazar was increased from $205,000 to $240,000.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD STYLE="text-align: justify">Represents discretionary bonuses paid upon the approval of the Compensation Committee, in each cash, based
upon a subjective evaluation of the performance of the Company and the applicable Named Executive Officer. As described in further detail
under &ldquo;Chief Executive Officer Compensation&rdquo; below, Mr. Nahmad&rsquo;s fiscal year 2022 bonus consisted of a $250,000 cash
bonus and a stock award of $300,000 of shares of the Company&rsquo;s Common Stock. With respect to the bonuses paid to Mr. Mack and Mr.
Lazar for the fiscal year ended June 30, 2021, the Compensation Committee considered the recommendation of </TD></TR></TABLE>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">&nbsp;</TD><TD STYLE="text-align: justify">the Company&rsquo;s Chief Executive
Officer and the performance and financial condition of the Company, including, in the case of Mr. Marks, Western State Design and the
other operating subsidiaries of the Company comprising the Company&rsquo;s West Region (of which Mr. Marks is the President).</TD></TR>
                                                                                                                                       </TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(4)</TD><TD STYLE="text-align: justify">Commencing with the fiscal year ended June 30, 2022, Mr. Marks receives a quarterly cash bonus of $37,500.
The payment of such bonus is at the discretion of the Compensation Committee and may be modified or terminated at any time by the Compensation
Committee. Such bonus is in addition to any other bonuses which Mr. Marks may receive from time to time, including additional discretionary
cash bonuses to the extent determined by the Compensation Committee.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(5)</TD><TD STYLE="text-align: justify">In addition to the bonuses presented in the table, during September 2022, the Company, upon the approval
of the Compensation Committee, paid discretionary cash bonuses of $550,000 to Mr. Nahmad, $150,000 to Mr. Marks and $60,000 to Mr. Lazar,
in each case, based upon a subjective evaluation of the performance of the Company and the applicable Named Executive Officer. These bonuses
are not reflected in the table but will be included in the applicable Named Executive Officer's compensation for the fiscal year ending
June 30, 2023.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(6)</TD><TD STYLE="text-align: justify">Represents the aggregate grant date fair value of (i) in the case of Mr. Nahmad, a restricted stock award
of 124,309 shares of the Company&rsquo;s Common Stock granted to Mr. Nahmad during November 2021, (ii) in the case of Mr. Marks, 60,000
restricted stock units granted to Mr. Marks during November 2020, each of which represents a contingent right to receive one share of
the Company&rsquo;s Common Stock upon vesting, and (iii) in the case of Mr. Lazar, a restricted stock award of 10,303 shares of the Company&rsquo;
Common Stock granted to Mr. Lazar during September 2021 (which is included in Mr. Lazar&rsquo;s compensation for the fiscal year ended
June 30, 2022) and a restricted stock award of 8,624 shares of the Company&rsquo;s Common Stock granted to Mr. Lazar during November 2020
(which is included in Mr. Lazar&rsquo;s compensation for the fiscal year ended June 30, 2021). Each such grant was made under the Company&rsquo;s
Equity Incentive Plan upon the approval of the Compensation Committee. Additional information regarding these grants, including the vesting
schedules, is set forth below under &ldquo;Outstanding Equity Awards at June 30, 2022&rdquo; and, in the case of the grant to Mr. Nahmad,
&ldquo;Chief Executive Officer Compensation.&rdquo; Assumptions used in the calculation of the grant date fair value of the restricted
stock awards and units are included in Note 20 to the Company&rsquo;s audited consolidated financial statements contained in the Company&rsquo;s
Annual Report on Form 10-K for the fiscal year ended June 30, 2022, as filed with the SEC on September 13, 2022. Due to the long-term
vesting of a majority of these restricted stock awards and units (subject to potential vesting acceleration under limited circumstances)
and the risk of forfeiture until vesting, the present value of the restricted stock awards and units is significantly less than the grant
date fair value presented in the table.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(7)</TD><TD STYLE="text-align: justify">In addition to the restricted stock awards presented in the table, during September 2022, the Company,
upon the approval of the Compensation Committee, granted (a) a restricted stock award of 202,430 shares of the Company's Common Stock
to Mr. Nahmad, (b) a restricted stock award of 20,242 shares of the Company's Common Stock to Mr. Lazar, and (c) 40,486 restricted stock
units to Mr. Marks. Subject to the terms and conditions of the Company's Equity Incentive Plan and the applicable award agreements, the
restricted stock awards and restricted stock units granted to the Named Executive Officers during September 2022 are in each case scheduled
to vest 50% on the ten-year anniversary of the grant date and 50% in four equal annual installments commencing in September 2023. These
restricted stock awards and units are not reflected in the table but will be included in the applicable Named Executive Officer's compensation
for the fiscal year ending June 30, 2023.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Chief Executive Officer Compensation </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As reflected in the &ldquo;Summary
Compensation Table&rdquo; above and described in the footnotes thereto, during November 2021, upon the approval of the Compensation Committee,
Mr. Nahmad&rsquo;s annual base salary was increased from $550,000 to $650,000 and the Company granted to Mr. Nahmad (i) a discretionary
</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">bonus of $550,000, of which $250,000 was paid in cash and $300,000 was paid in the form of a stock award of 8,287 immediately vested shares
of the Company&rsquo;s Common Stock, and (ii) a restricted stock award of 124,309 shares of the Company&rsquo;s Common Stock. Mr. Nahmad
surrendered to the Company 3,261 of the immediately vested shares in order to satisfy the Company&rsquo;s tax withholding obligation relating
to the grant thereof. Subject to the terms and conditions of the Company&rsquo;s Equity Incentive Plan and the related restricted stock
award agreement, a total of 25% of the restricted shares granted to Mr. Nahmad during November 2021 is scheduled to vest ratably over
four years from the grant date. The remaining 75% of such restricted share grant is scheduled to vest on November 5, 2040, which is the
date on which Mr. Nahmad will reach the age of 62, subject to accelerated vesting of 50% of such shares if the Company&rsquo;s total consolidated
revenues for four consecutive fiscal quarters, in the aggregate, equals or exceeds a certain specified amount (which would represent an
approximately 50% increase in total revenues compared to the Company&rsquo;s consolidated revenues for the fiscal year ended June 30,
2021). See also &ldquo;Compensation Plans and Arrangements&rdquo; below for information regarding the accelerated vesting of restricted
stock awards in the event of Mr. Nahmad&rsquo;s death or Disability (as defined in his restricted stock award agreements) and the potential
accelerated vesting in connection with any Change in Control of the Company (as defined in the Company&rsquo;s Equity Incentive Plan).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In addition, as described in the
footnotes to the &ldquo;Summary Compensation Table&rdquo; above, during September 2022, upon the approval of the Compensation Committee,
the Company granted to Mr. Nahmad a discretionary cash bonus of $550,000 and a restricted stock award of 202,430 shares of the Company&rsquo;s
Common Stock. Subject to the terms and conditions of the Company&rsquo;s Equity Incentive Plan and the related restricted stock award
agreement, a total of 50% of the restricted shares granted to Mr. Nahmad during September 2022 is scheduled to vest ratably over four
years from the grant date. The remaining 50% of such restricted share grant is scheduled to vest on the ten-year anniversary of the grant
date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In approving the base salary increase
during November 2021 and the bonuses and restricted stock awards granted during November 2021 and September 2022, the Compensation Committee
considered, among other things, the success and performance of the Company and Mr. Nahmad as its Chief Executive Officer, Mr. Nahmad&rsquo;s
role and leadership in connection with the Company&rsquo;s navigation of the COVID-19 pandemic, the Company&rsquo;s optimization and modernization
initiatives, and the Company&rsquo;s retention of key executives and employees, and the continued success of the Company&rsquo;s growth
strategy, both through organic growth initiatives and the Company&rsquo;s buy-and-build growth strategy.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Outstanding Equity Awards at June 30, 2022</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The following table sets forth
certain information regarding restricted stock awards (or, in the case of Tom Marks only, restricted stock units) of the Company&rsquo;s
Common Stock held by Henry M. Nahmad, Tom Marks and Robert H. Lazar as of June 30, 2022. Other than as set forth below, none of the Named
Executive Officers held any restricted stock awards, restricted stock units or other equity-based awards, including stock options, of
the Company at June 30, 2022.</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><B>Stock Awards</B></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 20%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><B>Name</B></TD>
    <TD STYLE="white-space: nowrap; width: 20%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Number of</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>shares or</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>units of</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>stock that</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>have not</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>vested </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(#)</B></P></TD>
    <TD STYLE="white-space: nowrap; width: 20%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Market value of <BR>
shares of units of <BR>
stock that have
    not<BR>
 vested </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>($)</B></P></TD>
    <TD STYLE="white-space: nowrap; width: 20%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Equity</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>incentive</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>plan awards: <BR>
Number of</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>unearned</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>shares, units or <BR>
other rights that<BR>
 have not vested
    </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(#)</B></P></TD>
    <TD STYLE="white-space: nowrap; width: 20%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Equity</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>incentive</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>plan awards: <BR>
Market or payout <BR>
value of</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>unearned</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>shares, units or <BR>
other rights that<BR>
 have not vested
    </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>($)</B></P></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Henry M. Nahmad</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">311,071(1)</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$3,107,599</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">-</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">311,071(1)</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$3,107,599</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">-</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">158,085(2)</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$1,579,269</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">-</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">124,309(3)</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$1,241,847</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">-</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Tom Marks</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">60,000(4)</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$599,400</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">-</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Robert H. Lazar</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">18,088(5)</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$180,699</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">-</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">6,500(6)</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$64,935</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">-</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">-</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">8,085(7)</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$80,769</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">-</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">-</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">10,303(8)</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$102,927</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">-</TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">-</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify">Represents restricted shares of the Company&rsquo;s Common Stock. Subject to the terms and conditions
of the Company&rsquo;s Equity Incentive Plan and the related restricted stock award agreement, including as described below under &ldquo;Compensation
Plans and Arrangements,&rdquo; these restricted shares are scheduled to vest on November 5, 2040, the date on which Mr. Nahmad will reach
the age of 62.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(2)</TD><TD STYLE="text-align: justify">Represents restricted shares of the Company&rsquo;s Common Stock. Subject to the terms and conditions
of the Company&rsquo;s Equity Incentive Plan and the related restricted stock award agreement, including as described under &ldquo;Chief
Executive Officer Compensation&rdquo; above and &ldquo;Compensation Plans and Arrangements&rdquo; below, 135,502 of these restricted shares
are scheduled to vest on November 5, 2040, the date on which Mr. Nahmad will reach the age of 62, and the balance of these restricted
shares is scheduled to vest in two remaining equal annual installments during February 2023 and 2024.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(3)</TD><TD STYLE="text-align: justify">Represents restricted shares of the Company&rsquo;s Common Stock. Subject to the terms and conditions
of the Company&rsquo;s Equity Incentive Plan and the related restricted stock award agreement, including as described under &ldquo;Chief
Executive Officer Compensation&rdquo; above and &ldquo;Compensation Plans and Arrangements&rdquo; below, 75% of these restricted shares
are scheduled to vest on November 5, 2040, the date on which Mr. Nahmad will reach the age of 62 (subject to accelerated vesting with
respect to 50% of such shares under certain circumstances), and the balance of these restricted shares is scheduled to vest in four equal
annual installments, with the first such installment having vested during November 2022 and the remaining three installments being scheduled
to vest in November 2023, 2024 and 2025.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(4)</TD><TD STYLE="text-align: justify">Represents restricted stock units, each of which represents a contingent right to receive one share of
the Company&rsquo;s Common Stock upon vesting. Subject to the terms and conditions of the Company&rsquo;s Equity Incentive Plan and the
related restricted stock unit agreement, including as described below under &ldquo;Compensation Plans and Arrangements,&rdquo; these restricted
stock units are scheduled to vest on November 3, 2030 (subject to an accelerated vesting schedule for 50% of such shares if the Company&rsquo;s
total consolidated revenues for four consecutive fiscal quarters, in the aggregate, equals or exceeds a certain specified amount, which
would represent an approximately 50% increase in total revenues compared to the Company&rsquo;s consolidated revenues for the fiscal year
ended June 30, 2020).</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(5)</TD><TD STYLE="text-align: justify">Represents restricted shares of the Company&rsquo;s Common Stock. Subject to the terms and conditions
of the Company&rsquo;s Equity Incentive Plan and the related restricted stock award agreement, including as </TD></TR></TABLE>

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

<!-- Field: Page; Sequence: 21; Value: 1 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in">&nbsp;</TD><TD STYLE="width: 0.25in">&nbsp;</TD><TD STYLE="text-align: justify">described below under &ldquo;Compensation
Plans and Arrangements,&rdquo; these restricted shares are scheduled to vest on June 2, 2027.</TD></TR>
                                                                                                       </TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(6)</TD><TD STYLE="text-align: justify">Represents restricted shares of the Company&rsquo;s Common Stock. Subject to the terms and conditions
of the Company&rsquo;s Equity Incentive Plan and the related restricted stock award agreement, including as described below under &ldquo;Compensation
Plans and Arrangements,&rdquo; these restricted shares are scheduled to vest on October 28, 2029.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(7)</TD><TD STYLE="text-align: justify">Represents restricted shares of the Company&rsquo;s Common Stock. Subject to the terms and conditions
of the Company&rsquo;s Equity Incentive Plan and the related restricted stock award agreement, including as described below under &ldquo;Compensation
Plans and Arrangements,&rdquo; 6,468 of these restricted shares are scheduled to vest on February 12, 2026, the date on which Mr. Lazar
will reach the age of 62 (subject to an accelerated vesting schedule for 50% of such shares if the Company&rsquo;s total consolidated
revenues for four consecutive fiscal quarters, in the aggregate, equals or exceeds a certain specified amount, which would represent an
approximately 50% increase in total revenues compared to the Company&rsquo;s consolidated revenues for the fiscal year ended June 30,
2020), and the balance of these restricted shares is scheduled to vest in three remaining equal annual installments, with the first such
installment having vested during November 2022 and the remaining two installments being scheduled to vest in November 2023 and 2024.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(8)</TD><TD STYLE="text-align: justify">Represents restricted shares of the Company&rsquo;s Common Stock. Subject to the terms and conditions
of the Company&rsquo;s Equity Incentive Plan and the related restricted stock award agreement, including as described below under &ldquo;Compensation
Plans and Arrangements,&rdquo; 75% of these restricted shares are scheduled to vest on September 10, 2031, and the balance of these restricted
shares is scheduled to vest on September 10, 2025.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As previously described, in addition
to the restricted stock awards set forth in the table above, during September 2022, the Company, upon the approval of the Compensation
Committee, granted (a) a restricted stock award of 202,430 shares of the Company's Common Stock to Mr. Nahmad, (b) a restricted stock
award of 20,242 shares of the Company's Common Stock to Mr. Lazar, and (c) 40,486 restricted stock units to Mr. Marks. Subject to the
terms and conditions of the Company's Equity Incentive Plan and the applicable award agreements, the restricted stock awards and restricted
stock units granted to the Named Executive Officers during September 2022 are in each case scheduled to vest 50% on the ten-year anniversary
of the grant date and 50% in four, equal annual installments commencing in September 2023.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As described above, no Named Executive
Officer is a party to an employment agreement with the Company. In addition, the Company has no plans or arrangements with any Named Executive
Officer which provide for the payment of retirement benefits, or benefits that would be paid primarily following retirement, other than
the Company&rsquo;s participatory Section 401(k) Profit Sharing Plan, a deferred compensation plan under which the Company currently matches
50% of employee contributions up to 6% of an eligible employee&rsquo;s yearly compensation on a discretionary basis. Such compensation
is tax deferred under Section 401(k) of the Internal Revenue Code of 1986, as amended (the &ldquo;Code&rdquo;). Further, the Company has
no contracts, agreements, plans or arrangements that provide for the payment in the future to any Named Executive Officer following or
in connection with his resignation, termination of employment, or a change in control of the Company. However, outstanding restricted
stock awards and units of the Company&rsquo;s Common Stock, including those granted to the Named Executive Officers, will accelerate and
immediately vest, to the extent not previously vested or forfeited, in the event of the award holder&rsquo;s death or Disability (as defined
in the restricted stock award or unit agreements). In addition, pursuant to the Company&rsquo;s Equity Incentive Plan, such restricted
stock awards and units may, in the discretion of the Compensation Committee, accelerate and immediately vest, to the extent not previously
vested or forfeited, upon a Change in Control of the Company (as defined in the Company&rsquo;s Equity Incentive Plan). In the event that
vesting is accelerated, any </P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">unrecognized stock-based compensation expense would be immediately recognized. Had the restricted stock awards
and units held by the Named Executive Officers as of June 30, 2022 vested upon their death or Disability or upon a Change in Control of
the Company, in each case, occurring on June 30, 2022, the value of the accelerated vesting would have been $10.1 million (based on the
closing price of the Company&rsquo;s Common Stock on the NYSE American on June 30, 2022) and the Company would have recognized $17.9 million
of stock-based compensation.</P>

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

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

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

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

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

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

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PROPOSAL NO. 2 - NON-BINDING ADVISORY VOTE ON</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>NAMED EXECUTIVE OFFICER COMPENSATION (SAY ON PAY)</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Pursuant to Section 14A of the
Exchange Act and the rules and regulations promulgated thereunder, the Company&rsquo;s stockholders will be asked at the Annual Meeting
to vote, on a non-binding advisory basis, on the compensation of the Company&rsquo;s Named Executive Officers (sometimes hereinafter referred
to as the &ldquo;Say on Pay Proposal&rdquo;).&nbsp;&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The vote on the Say on Pay Proposal
gives the Company&rsquo;s stockholders the opportunity to express their views on the compensation paid to the Named Executive Officers.
The vote is not intended to address any specific item of compensation, but rather the overall compensation of the Named Executive Officers
as disclosed in this Proxy Statement. You are urged to read the &ldquo;Named Executive Officer Compensation&rdquo; section of this Proxy
Statement above for details regarding the compensation paid to the Named Executive Officers during fiscal 2022 and other information with
respect to their compensation for services on behalf of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Board believes that the Company&rsquo;s
compensation program for its executive officers, including the Named Executive Officers, is appropriately based upon the Company&rsquo;s
performance, the performance and level of responsibility of the executive officer and the market generally with respect to executive officer
compensation.&nbsp;&nbsp;The Board also believes that the Company&rsquo;s executive compensation program aligns the interests of the Company&rsquo;s
executive officers with those of the Company&rsquo;s stockholders by compensating the executive officers in a manner designed to advance
both the short-and long-term interests of the Company and its stockholders. As a result, the Board recommends that the Company&rsquo;s
stockholders indicate their support for the compensation of the Named Executive Officers by approving the following resolution:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&ldquo;RESOLVED, that the compensation paid to
the Company&rsquo;s Named Executive Officers for the fiscal year ended June 30, 2022, as disclosed pursuant to SEC rules, including the
compensation tables and related narrative disclosures included in this Proxy Statement, is hereby APPROVED.&rdquo;</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Stockholders may vote for or against,
or abstain from voting on, the Say on Pay Proposal. The compensation of the Named Executive Officers in connection with the Say on Pay
Proposal will be approved, on a non-binding advisory basis, if it receives the affirmative vote of a majority of the shares of the Company&rsquo;s
Common Stock, present virtually in person or by proxy, at the Annual Meeting and entitled to vote on the proposal. Abstentions will effectively
count as votes against the Say on Pay Proposal. Failures to vote will not have any impact on the Say on Pay Proposal.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The vote on the Say on Pay Proposal
is advisory only and will not be binding upon the Company or its Board of Directors or Compensation Committee. However, the Board of Directors
and Compensation Committee appreciate the opinions that the Company&rsquo;s stockholders express in their votes and will consider the
outcome of the vote in connection with future executive compensation arrangements.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>The Board of Directors Recommends that Stockholders</I></B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><I>Vote &ldquo;For&rdquo; the Say on Pay Proposal.</I></B></P>


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Compensation Committee, with
the input and assistance of the Company&rsquo;s Chief Executive Officer, recommends director compensation to the full Board of Directors.
The Board of Directors approves director compensation based on factors it considers to be appropriate, market conditions and trends, and
the recommendation of the Compensation Committee.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The compensation program for the
Company&rsquo;s non-employee directors is intended to assist the Company in attracting and retaining qualified directors, reward non-employee
directors for their service on the Board and its committees through both equity awards and cash fees, and align the interests of the non-employee
directors with those of stockholders. Pursuant to the program, each non-employee director currently receives annually a grant of $50,000
of restricted stock units (based on the closing price of the Company&rsquo;s Common Stock on the date of grant), which generally vest
in four equal annual installments beginning on the first anniversary of the grant date. The restricted stock units are granted under,
and subject to, the Company&rsquo;s Equity Incentive Plan and related restricted stock unit agreements. In addition, the Company&rsquo;s
compensation program for its non-employee directors also includes a cash component, pursuant to which (i) each non-employee director currently
receives an annual cash fee of $5,000, (ii) the Chairman of the Audit Committee currently receives an additional annual cash fee of $12,000
(which was increased from $10,000 during December 2021), (iii) each other member of the Audit Committee currently receives an additional
annual cash fee of $4,000 (which was increased from $2,500 during December 2021), (iv) the Chairman of the Compensation Committee currently
receives an additional annual cash fee of $7,500 (which was increased from $5,000 during December 2021), and (v) each other member of
the Compensation Committee currently receives an additional annual cash fee of $5,000 (which was increased from $3,500 during December
2021).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Company does not provide any
tax gross-ups to its non-employee directors, all of whom are responsible for their respective tax obligations relating to their compensation
for Board and committee service. Directors are also reimbursed for their reasonable out-of-pocket expenses incurred in connection with
performing their duties. Directors of the Company who are also employees of the Company do not receive compensation for their service
as directors, but are reimbursed for their reasonable out-of-pocket expenses incurred in connection with performing their duties as directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>Director Compensation Table &ndash; Fiscal 2022</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The following table sets forth
certain information regarding the compensation paid to each of the Company&rsquo;s non-employee directors during fiscal 2022 in consideration
for his service on the Board and its committees during the year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&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="white-space: nowrap; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR STYLE="clear: both">
</FONT><FONT STYLE="font-size: 10pt"><B>Name</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Fees Earned or<BR>
Paid in Cash</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid">
    <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border: white 1pt solid">Stock</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><B>Awards(1)</B></P></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Option</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Awards</B></P></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Non-Equity<BR>
Incentive Plan<BR>
Compensation</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Change<BR>
in Pension<BR>
Value and<BR>
Nonqualified<BR>
Deferred<BR>
Compensation<BR>
Earnings</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>All Other<BR>
Compensation</B></FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">David Blyer</FONT></TD>
    <TD STYLE="padding-right: 11.15pt; text-align: right"><FONT STYLE="font-size: 10pt">$9,250</FONT></TD>
    <TD STYLE="padding-right: 8.15pt; text-align: right"><FONT STYLE="font-size: 10pt">$50,000</FONT></TD>
    <TD STYLE="padding-right: 8.15pt; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="padding-right: 6.7pt; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.15pt; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.15pt; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="padding-right: 11.15pt; text-align: right"><FONT STYLE="font-size: 10pt">$59,250</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Glen Kruger</FONT></TD>
    <TD STYLE="padding-right: 11.15pt; text-align: right"><FONT STYLE="font-size: 10pt">$8,250</FONT></TD>
    <TD STYLE="padding-right: 8.15pt; text-align: right"><FONT STYLE="font-size: 10pt">$50,000</FONT></TD>
    <TD STYLE="padding-right: 8.15pt; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="padding-right: 6.7pt; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.15pt; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.15pt; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="padding-right: 11.15pt; text-align: right"><FONT STYLE="font-size: 10pt">$58,250</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 10pt">Timothy P. LaMacchia</FONT></TD>
    <TD STYLE="padding-right: 11.15pt; text-align: right"><FONT STYLE="font-size: 10pt">$16,000</FONT></TD>
    <TD STYLE="padding-right: 8.15pt; text-align: right"><FONT STYLE="font-size: 10pt">$50,000</FONT></TD>
    <TD STYLE="padding-right: 8.15pt; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="padding-right: 6.7pt; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.15pt; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.15pt; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="padding-right: 11.15pt; text-align: right"><FONT STYLE="font-size: 10pt">$66,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 10pt">Hal M. Lucas</FONT></TD>
    <TD STYLE="padding-right: 11.15pt; text-align: right"><FONT STYLE="font-size: 10pt">$11,250</FONT></TD>
    <TD STYLE="padding-right: 8.15pt; text-align: right"><FONT STYLE="font-size: 10pt">$50,000</FONT></TD>
    <TD STYLE="padding-right: 8.15pt; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="padding-right: 6.7pt; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="padding-right: 5.15pt; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.15pt; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="padding-right: 11.15pt; text-align: right"><FONT STYLE="font-size: 10pt">$61,250</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 4.5pt"></TD><TD STYLE="width: 4.5pt">(1)</TD><TD STYLE="text-align: justify">Represents the grant date fair value of the restricted stock units granted to each of Messrs. Blyer, Kruger,
LaMacchia and Lucas during December 2021. The restricted stock units granted to each such non-employee director cover a total of 1,584
shares and are scheduled to vest in equal annual installments on the first, second, third and fourth anniversary of the grant date. Assumptions
used in the calculation of the grant date fair value of these restricted stock units are included in in Note 20 to the Company&rsquo;s
audited consolidated financial statements contained in the Company&rsquo;s Annual Report on Form 10-K for the fiscal year ended June 30,
2022, as filed with the SEC on September 13, 2022.</TD></TR></TABLE>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>The following Audit Committee
Report shall not be deemed to be &ldquo;soliciting material&rdquo; or to be &ldquo;filed&rdquo; with the SEC or subject to Regulation
14A or 14C promulgated by the SEC, other than as provided in Item 407 of Regulation S-K promulgated by the SEC, or to the liabilities
of Section 18 of the Exchange Act, except to the extent that the Company specifically requests that the following Audit Committee Report
be treated as &ldquo;soliciting material&rdquo; or specifically incorporates it by reference into a document filed under the Securities
Act or the Exchange Act..</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Audit Committee of the Company&rsquo;s
Board of Directors reviewed and discussed the Company&rsquo;s audited consolidated financial statements for the fiscal year ended June
30, 2022 with management and BDO USA, LLP (&ldquo;BDO&rdquo;), the Company&rsquo;s independent registered public accounting firm.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Management has primary responsibility
for the Company&rsquo;s financial statements and the overall financial reporting process, including the Company&rsquo;s system of internal
controls. The Company&rsquo;s independent registered public accounting firm audits the annual financial statements prepared by management,
expresses an opinion as to whether those financial statements present fairly, in all material respects, the financial position, results
of operations and cash flows of the Company in conformity with accounting principles generally accepted in the United States of America,
and discusses with the Audit Committee its independence and any other matters that it is required to discuss with the Audit Committee
or that it believes should be raised with it. The Audit Committee oversees these processes, although it must rely on information provided
to it and on the representations made by management and the Company&rsquo;s independent registered public accounting firm.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Audit Committee met with BDO,
with and without management present, to discuss the results of BDO&rsquo;s examinations, BDO&rsquo;s evaluations of the Company&rsquo;s
internal controls and the overall quality of the Company&rsquo;s financial reporting. The Audit Committee also discussed with BDO the
matters required to be discussed with audit committees under generally accepted auditing standards, including, among other things, matters
required to be discussed by the statement on Auditing Standards No. 61, as amended (AICPA, Professional Standards, Vol. 1. AU section
380), as adopted by the Public Company Accounting Oversight Board in Rule 3200T.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Audit Committee received the
written disclosures and the letter from BDO required by applicable requirements of the Public Company Accounting Oversight Board regarding
BDO&rsquo;s communications with the Audit Committee concerning independence, and the Audit Committee discussed BDO&rsquo;s independence
from the Company with BDO. When considering BDO&rsquo;s independence, the Audit Committee considered whether BDO&rsquo;s provision of
services to the Company was compatible with maintaining its independence. The Audit Committee also reviewed, among other things, the amount
of fees paid to BDO for audit and non-audit services.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Based on the Audit Committee&rsquo;s
review and these meetings, discussions and reports, the Audit Committee recommended to the Board of Directors that the Company&rsquo;s
audited consolidated financial statements for the fiscal year ended June 30, 2022 be included in the Company&rsquo;s Annual Report on
Form 10-K for the fiscal year ended June 30, 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in"><B>&nbsp;</B></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: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt"><B>Submitted by the Members of the Audit Committee:</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Timothy P. LaMacchia</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Glen Kruger</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: bold 10pt/94% Times New Roman, Times, Serif; margin: 0 0 0.9pt; text-align: center"><FONT STYLE="text-decoration: none; text-transform: uppercase">Fees
to Independent Registered public Accounting Firm</FONT></P>

<P STYLE="font: bold 10pt/94% Times New Roman, Times, Serif; margin: 0 0 0.9pt; text-align: center"><FONT STYLE="text-decoration: none; text-transform: uppercase">for
THE FISCAL YEARS ENDED JUNE 30, 2022 AND 2021</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">The following
table sets forth the fees billed to the Company by BDO, the Company&rsquo;s independent registered public accounting firm for the fiscal
years ended June 30, 2022 and 2021.</P>

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">For the fiscal year ended<BR> June 30,</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2022</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2021</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 70%; text-align: left; text-indent: -10pt; padding-left: 10pt">Audit Fees</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">835,200</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">652,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Audit-Related Fees</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; text-indent: -10pt; padding-left: 10pt">Tax Fees</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">177,700</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">238,800</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-bottom: 1pt; text-indent: -10pt; padding-left: 10pt">All Other Fees</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-bottom: 2.5pt; text-indent: -10pt; padding-left: 20pt">Total Fees</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">1,012,900</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">890,800</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>Audit Fees</I>. Audit fees
were for the audits of the Company&rsquo;s annual consolidated financial statements for fiscal 2022 and 2021 included in the Company&rsquo;s
Annual Reports on Form 10-K for those fiscal years, and reviews of the Company&rsquo;s quarterly financial statements included in the
Company&rsquo;s Quarterly Reports on Form 10-Q during such fiscal years. The audit fees for each fiscal year also include fees related
to the auditor attestation of management&rsquo;s report on internal control over financial reporting included in the Company&rsquo;s Annual
Report on Form 10-K for such fiscal year.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>Tax Fees</I>.&nbsp;&nbsp;Tax
fees were for services related to tax return preparation and tax advice.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>All Other Fees.</I>&nbsp;&nbsp;No
fees other than audit fees and tax fees were paid by the Company to BDO for fiscal 2022 or 2021.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In connection with the standards
for independence of a company&rsquo;s independent registered public accounting firm, the Audit Committee considered whether the provision
of non-audit services by BDO was compatible with maintaining the independence of such firm in the conduct of its auditing functions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">It is the policy of the Audit
Committee that all audit, audit-related, tax and other permissible non-audit services provided by the Company&rsquo;s independent registered
public accounting firm be pre-approved by the Audit Committee. It is expected that pre-approval will be for periods up to one year and
be set forth in an engagement letter approved by the Audit Committee that applies to the particular services or category of services to
be provided and subject to a specific budget. The policy also requires additional approval of any engagements that were previously approved
but are anticipated to exceed the pre-approved fee budget level. The policy permits the Chairman of the Audit Committee to pre-approve
services by the Company&rsquo;s independent registered public accounting firm where the Company deems it necessary or advisable that such
services commence prior to the next regularly scheduled meeting of the Audit Committee, provided that the Chairman of the Audit Committee
is required to report to the full Audit Committee on any pre-approval determinations made in this manner at the next Audit Committee meeting.
All of the services performed by the Company&rsquo;s independent registered public accounting firm during fiscal 2022 and 2021 were pre-approved
by the Audit Committee.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The Audit Committee has selected
BDO to act as the Company&rsquo;s independent registered public accounting firm for the fiscal year ending June 30, 2023. However, the
Audit Committee has the right to select different auditors if it deems a change to be in the Company&rsquo;s best interests.</P>


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<P STYLE="font: bold 10pt/94% Times New Roman, Times, Serif; margin: 0 0 0.9pt; text-align: center"><FONT STYLE="text-decoration: none; text-transform: uppercase">SECURITY
OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-decoration: none; text-transform: uppercase">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;<FONT STYLE="font-size: 10pt">The
following table indicates, as of November 18, 2022, information about the beneficial ownership of the Company&rsquo;s Common Stock by
(i) each director of the Company, (ii) each Named Executive Officer of the Company, (iii) all directors and executive officers of the
Company as of November 18, 2022 as a group and (iv) each person who the Company knows beneficially owns more than 5% of the Company&rsquo;s
Common Stock outstanding, plus shares deemed outstanding pursuant to Rule 13d-3(d)(1) under the Exchange Act. All such shares were owned
directly with sole voting and investment power unless otherwise indicated. Except as otherwise indicated, the information provided in
the following table was obtained from filings with the SEC and the Company pursuant to the Exchange Act. For purposes of the following
table, in accordance with Rule 13d-3 under the Exchange Act, a person is deemed to be the beneficial owner of any shares of the Company&rsquo;s
Common Stock which he or she has or shares, directly or indirectly, voting or investment power, or which he or she has the right to acquire
beneficial ownership of at any time within 60 days after November 18, 2022. As used herein, &ldquo;voting power&rdquo; is the power to
vote, or direct the voting of, shares, and &ldquo;investment power&rdquo; includes the power to dispose of, or direct the disposition
of, shares. Except as otherwise indicated, the address of each beneficial owner named in the table below is c/o EVI Industries, Inc.,
4500 Biscayne Blvd., Suite 340, Miami, Florida 33137.&nbsp;</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-bottom: black 1pt solid"><B>Beneficial Owner</B></TD>
    <TD STYLE="padding-bottom: 1.05pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Amount and Nature of <BR>
Beneficial</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Ownership</B></P></TD>
    <TD STYLE="padding-bottom: 1.05pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Percent</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>of Class</B></P></TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom; width: 56%">Symmetric Capital LLC</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 16%; text-align: right">2,838,194</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; width: 13%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 5%; text-align: right">20.6</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; width: 5%">%</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Symmetric Capital II LLC</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">1,290,323</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">9.4</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">%</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Henry M. Nahmad</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">5,293,519</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">(1) </TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">38.4</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">% </TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Dennis Mack</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">2331 Tripaldi Way</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Hayward, CA 94545</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">1,022,495</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">7.4</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">% </TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Tom Marks</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">2331 Tripaldi Way</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Hayward, CA 94545</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">1,022,495</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">(2) </TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">7.4</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">% </TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">David Blyer</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">4,563</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">(3)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">*</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: top">Glen Kruger</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">1,335</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">(3)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">*</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Timothy P. LaMacchia</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">4,250</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">(3)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">*</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Hal M. Lucas</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">3,063</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">(3)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">*</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Robert H. Lazar</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">63,493</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">(4)</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">*</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
    <TD STYLE="vertical-align: bottom">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Conestoga Capital Advisors, LLC(5)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">550 E. Swedesford Rd. Ste 120</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Wayne, PA 19087</P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">1,148,042</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">8.3</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">%</TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: top">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">All directors and executive officers as of</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">November 18, 2022 as a group (8 persons)</P></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7,419,470</TD>
    <TD STYLE="white-space: nowrap">(1)(3)(4)(6)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">53.9</TD>
    <TD STYLE="white-space: nowrap">%</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">* Less than one percent of class.</P>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt"></TD><TD STYLE="width: 27pt">(1)</TD><TD STYLE="text-align: justify">Includes (a) the 2,838,194 shares and 1,290,323 shares beneficially owned by Symmetric Capital and Symmetric
Capital II, respectively, all of which Mr. Nahmad may be deemed to have voting and investment power over as a result of his position as
Manager of such entities, and (b) 1,106,966 shares subject to restricted stock awards granted to Mr. Nahmad which have not yet vested
but as to which Mr. Nahmad has voting power. Mr. Nahmad does not have investment power over any such restricted shares.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt"></TD><TD STYLE="width: 27pt">(2)</TD><TD STYLE="text-align: justify">Shares are beneficially owned by Mr. Marks indirectly through a family trust and trusts for the benefit
of his children.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt"></TD><TD STYLE="width: 27pt">(3)</TD><TD STYLE="text-align: justify">Includes, for each director, 1,250 shares which are covered by restricted stock units granted to such
director that are scheduled to vest within 60 days after November 18, 2022. Also includes, for each of Mr. Blyer, Mr. LaMacchia and Mr.
Lucas, 343 shares subject to restricted stock awards previously granted to such director which have not yet vested but as to which such
director has voting power. No director has investment power over any such restricted shares.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt"></TD><TD STYLE="width: 27pt">(4)</TD><TD STYLE="text-align: justify">Includes 62,679 shares subject to restricted stock awards previously granted to Mr. Lazar which have not
yet vested but as to which Mr. Lazar has voting power. Mr. Lazar does not have investment power over any such restricted shares.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt"></TD><TD STYLE="width: 27pt">(5)</TD><TD STYLE="text-align: justify">The address and share ownership information is based on the Schedule 13G/A filed by Conestoga Capital
Advisors with the SEC on January 10, 2022. Conestoga Capital Advisors disclosed in such Schedule 13G/A that it has sole voting power over
1,110,837 of such shares and sole dispositive power over all 1,148,042 of the shares.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -27pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 9pt"></TD><TD STYLE="width: 27pt">(6)</TD><TD STYLE="text-align: justify">In addition to the shares beneficially owned by the Company&rsquo;s directors and executive officers as
listed in this table, the Company&rsquo;s Board of Directors also has the power to direct the voting of an additional 1,227,421 shares
of the Company&rsquo;s Common Stock pursuant to stockholders agreements entered into in connection with business acquisitions previously
effected by the Company. Including these shares, the Company&rsquo;s directors and executive officers, and the Company&rsquo;s Board of
Directors, collectively have voting power over shares representing approximately 62.7% of the total voting power of the Company.</TD></TR></TABLE>

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

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


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As of the date of this Proxy Statement,
the Board of Directors is not aware of any matters to be brought before the Annual Meeting other as described in this Proxy Statement.
However, if any other matters should properly come before the Annual Meeting, the persons named as proxy holders will have the discretion
to vote any shares of the Company&rsquo;s Common Stock for which they hold proxies in accordance with their judgment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>IMPORTANT NOTICE REGARDING THE AVAILABILITY OF </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PROXY MATERIALS FOR THE ANNUAL STOCKHOLDERS MEETING</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>TO BE HELD ON DECEMBER 15, 2022</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This Proxy Statement and the Company&rsquo;s
Annual Report to Stockholders for the fiscal year ended June 30, 2022 are available at <I>www.edocumentview.com/evi</I>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">A representative
of BDO, the Company&rsquo;s independent registered public accounting firm, is expected to be present at the Annual Meeting, will have
the opportunity to make a statement if he or she desires to do so, and will be available to respond to appropriate questions from stockholders.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>ADDITIONAL INFORMATION</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>&ldquo;Householding&rdquo;
of Proxy Material. </I>The SEC has adopted rules that permit companies and intermediaries, such as brokers, to satisfy delivery requirements
for proxy statements with respect to two or more stockholders sharing the same address by delivering a single proxy statement addressed
to those stockholders. This process, which is commonly referred to as &ldquo;householding,&rdquo; potentially provides extra convenience
for stockholders and cost savings for companies. The Company and some brokers household proxy materials, delivering a single proxy statement
to multiple stockholders sharing an address unless contrary instructions have been received from the affected stockholders. Once you have
received notice from your broker or Computershare, the Company&rsquo;s transfer agent, that they or the Company will be householding materials
to your address, householding will continue until you are notified otherwise or until you revoke your consent. However, the Company will
deliver promptly upon written or oral request a separate copy of this Proxy Statement to a stockholder at a shared address to which a
single Proxy Statement was delivered. If, at any time, you no longer wish to participate in householding and would prefer to receive a
separate proxy statement, or if you are receiving multiple proxy statements and would like to request delivery of a single proxy statement,
please notify your broker if your shares are held in a brokerage account or Computershare at (781) 575-4223 if you are the record holder
of your shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>Advance Notice Procedures.
</I>Under the Company&rsquo;s Amended and Restated Bylaws, no business may be brought before an annual meeting of stockholders unless
it is specified in the notice of the annual meeting of stockholders or is otherwise brought before the annual meeting of stockholders
by or at the direction of the Board of Directors or by a stockholder entitled to vote who has delivered written notice to the Company&rsquo;s
Secretary (containing certain information specified in the Company&rsquo;s Amended and Restated Bylaws about the stockholder and the proposed
action) not less than 90 or more than 120 days prior to the first anniversary of the preceding year&rsquo;s annual meeting of stockholders.
However, if the date of the Company&rsquo;s annual meeting of stockholders changes by more than 30 days from the date of the preceding
year&rsquo;s annual meeting of stockholders, written notice of the proposed business must be received by the Company within ten days after
the Company first mails notice of or publicly discloses the date of the annual meeting of stockholders. For the Company&rsquo;s 2023 Annual
Meeting of Stockholders, the Company must receive stockholder notice of proposed business for consideration at the meeting (i) between
August 17, 2023 and September 16, 2023 or (ii) if the Company&rsquo;s 2023 Annual Meeting of Stockholders is held more than 30 days before
or after December 15, 2023, within ten days after the Company first mails notice of or publicly discloses the date of </P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">the meeting. In
addition, any stockholder who wishes to submit a nomination to the Board of Directors must deliver written notice of the nomination within
the applicable time period set forth above and comply with the information requirements in the Company&rsquo;s Amended and Restated Bylaws
relating to stockholder nominations. These requirements are separate from and in addition to the SEC&rsquo;s requirements that a stockholder
must meet in order to have a stockholder proposal included in the Company&rsquo;s proxy statement for its 2023 Annual Meeting of Stockholders.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I>Stockholder Proposals Intended
for Inclusion in the Company&rsquo;s Proxy Materials for its 2023 Annual Meeting of Stockholders.</I> Stockholders interested in submitting
a proposal for inclusion in the Company&rsquo;s proxy materials for its 2023 Annual Meeting of Stockholders may do so by following the
procedures relating to stockholder proposals set forth in the rules and regulations promulgated under the Exchange Act. To be eligible
for inclusion, stockholder proposals must be received by the Company&rsquo;s Secretary at the Company&rsquo;s principal executive offices
by July 31, 2023 or, if the Company&rsquo;s 2023 Annual Meeting of Stockholders is held more than 30 days before or after December 15,
2023, then by the deadline set forth in a Company filing with the SEC, which will be a reasonable time before the Company begins to print
and send its proxy materials.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white"><I>Proxy
Solicitation Costs.</I>&nbsp;&nbsp;The Company will bear the expense of soliciting proxies and of reimbursing brokers, banks and other
nominees for the out-of-pocket and clerical expenses of transmitting copies of the proxy materials to the beneficial owners of shares
held of record by such persons. The Company does not currently intend to solicit proxies other than by use of the mail, but certain directors,
officers and employees of the Company or its subsidiaries, without additional compensation, may solicit proxies personally or by telephone,
fax, special letter or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">BY ORDER OF THE BOARD OF DIRECTORS </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 58px; width: 196px"></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Henry M. Nahmad</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Chairman of the Board</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">November 28, 2022</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


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

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

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: rgb(238,233,238); border-top: Black 2pt solid; border-bottom: Black 2pt solid; vertical-align: top">
    <TD STYLE="padding: 2.5pt; width: 50%; font-size: 10pt; line-height: 15.7pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Annual Meeting Proxy Card&nbsp;&nbsp;</B></FONT></TD>
    <TD STYLE="padding: 2.5pt; text-align: right; width: 50%; font-size: 10pt; line-height: 15.7pt; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;[Control Number]</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0 5.2pt; text-align: center"><B>PLEASE FOLD ALONG THE PERFORATION,
DETACH AND RETURN THE BOTTOM PORTION IN THE ENCLOSED ENVELOPE. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9.9pt 0 0 0.3in"><B>Proposals &mdash; The Board of Directors recommends a
vote FOR all of the director nominees named in Proposal 1 and FOR Proposal 2.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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: 25%">1. Election of six directors </TD>
    <TD STYLE="width: 25%">01 - Henry M. Nahmad</TD>
    <TD STYLE="width: 25%">02 &ndash; Dennis Mack</TD>
    <TD STYLE="width: 25%">03 &ndash; David Blyer</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>04 &ndash; Glen Kruger</TD>
    <TD>05 &ndash; Timothy P. LaMacchia</TD>
    <TD>06 &ndash; Hal M. Lucas</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&#9744; Mark here to vote<BR>
<B><U>FOR</U></B> all nominees</TD>
    <TD>&#9744; Mark here to <B><U>WITHHOLD</U></B><BR>
vote from all nominees</TD>
    <TD COLSPAN="2">&#9744; For All <B><U>EXCEPT</U></B> - To withhold authority to vote for any nominee(s), mark here and write the name(s) of such nominee(s) below.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">2. Non-binding advisory vote to approve Named Executive Officer compensation</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&#9744; <B>FOR </B>&#9744;
    <B>AGAINST </B> &#9744; <B>ABSTAIN</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">3. &nbsp;In his discretion, the proxy is authorized to vote upon such other
    matters as may properly come before the meeting</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Authorized Signatures &mdash; This section must be completed for your
vote to be counted. &mdash; Date and Sign Below</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Please sign your name or names exactly as set forth hereon. When stock
is in the name of more than one person, each such person should sign the proxy. When signing as attorney, executor, administrator, trustee
or guardian, please indicate the capacity in which you are acting. Proxies executed by corporations should be signed by a duly authorized
officer.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Date (mm/dd/yyyy) &mdash; Please print date below. &nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Signature 1 &mdash; Please keep signature within the box.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Signature 2 &mdash; Please keep signature within the box.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 32 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>EVI Industries, Inc.&rsquo;s 2022 Annual Meeting
of Stockholders will be held on</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>December 15, 2022 at 11:00 a.m., Eastern time, virtually
via the Internet at <BR>
www.meetnow.global/M5ZLGMU.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>To access the virtual meeting, you must have the
15-digit control number that is printed in the shaded area on the reverse side of this proxy card.</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>IMPORTANT NOTICE REGARDING AVAILABILITY OF PROXY
MATERIALS FOR THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON DECEMBER 15, 2022</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>THE PROXY STATEMENT AND THE ANNUAL REPORT TO STOCKHOLDERS
ARE AVAILABLE AT: <I>www.edocumentview.com/evi</I>. </B></P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">PLEASE FOLD ALONG THE PERFORATION, DETACH AND RETURN
THE BOTTOM PORTION IN THE ENCLOSED ENVELOPE</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0"><B>REVOCABLE PROXY &mdash; EVI INDUSTRIES, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>THIS PROXY IS SOLICITED ON
BEHALF OF THE BOARD OF DIRECTORS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0">The undersigned hereby appoints
Robert H. Lazar and Craig Ettelman, and each of them acting alone, proxies, with full power of substitution, to represent the undersigned
and vote as designated on the reverse all of the shares of Common Stock of EVI Industries, Inc. held of record by the undersigned as of
the close of business on November 18, 2022 at the Annual Meeting of Stockholders of EVI Industries, Inc. to be held on December 15, 2022
(including any adjournments or postponements thereof) and with discretionary power upon such other business as may come before the meeting,
hereby revoking any proxies heretofore given.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0">Each properly executed proxy
will be voted in the manner directed on the reverse by the undersigned stockholder. If no direction is made, the shares represented by
this proxy will be voted &quot;FOR&quot; <U>all</U> of the director nominees named in Proposal 1 and &ldquo;FOR&rdquo; Proposal 2.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0">Stockholders who desire to have
stock voted at the meeting are requested to fill in, date, sign and return this proxy. No postage is required if returned in the enclosed
envelope and mailed in the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0">PLEASE COMPLETE, DATE, SIGN,
AND MAIL THIS PROXY CARD IN THE ENCLOSED POSTAGE-PAID ENVELOPE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0">(Continued and to be signed on
the reverse side)</P>

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

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

<!-- Field: Page; Sequence: 33 -->
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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